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THAILAND

Shuffling deck chairs with debt

Spectrum, Parista Yuthamanop, Published on 08/01/2012

» The 1997 financial crisis was rooted in speculative excess and financial alchemy through the boom years of the 1990s. During a bubble, money comes fast and easy. And when the bubble bursts, it's those who are last to leave that are saddled with the costs.

THAILAND

Govt confident of 7% growth

Online Reporters, Published on 07/01/2012

» The government is confident Thailand's economic growth for the year 2012 will reach 7 per cent, Deputy Prime Minister Kittiratt Na Ranong said.

THAILAND

Thaksin won't accept house arrest, no matter how comfortable

News, Kamol Hengkietisak, Published on 07/01/2012

» It is definite that former prime minister Thaksin Shinawatra will not accept the compromise proposal from Sanoh Thiengthong, veteran politician and Pheu Thai list MP, that he be detained in a comfortable place in Thailand, or so-called house arrest, to serve his two-year jail term before being granted a royal pardon, noted Thai Rath.

THAILAND

Newin achieves sporting goal

News, Published on 07/01/2012

» For a man with a larger-than-life presence, running a football team is an ambitious task.

THAILAND

2 trillion urged for infrastructure

News, Chatrudee Theparat, Published on 07/01/2012

» Thailand must invest 2.27 trillion baht in new infrastructure over the next 10 years, including new inter-city road links, high-speed train networks and urban mass transit systems, a government committee in charge of future development strategy says.

THAILAND

Government, central bank settle debt row

News, Published on 07/01/2012

» The government and the Bank of Thailand have reached a compromise on how to manage 1.14 trillion baht in liabilities carried over from the 1997 financial crisis.

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THAILAND

Govt debt move takes flak

News, Post Reporters, Published on 06/01/2012

» Opposition leader Abhisit Vejjajiva has called on the government to come up with detailed plans of what it wants to invest in before asking for more leeway to borrow.

THAILAND

Locals warned of more floods

News, Post Reporters, Published on 06/01/2012

» Residents of eight flood-hit southern provinces were warned yesterday to brace for another round of flash floods and landslides from today until Tuesday.

THAILAND

Govt shifts B1 trillion in debt to BoT

News, Post Reporters, Published on 05/01/2012

» The cabinet yesterday decided to transfer responsibility for 1.14 trillion baht in outstanding debt from the 1997 economic crisis to the central bank, paving the way for the government to take out hundreds of billions of baht in new loans to fund new investment programmes.

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THAILAND

Troops deploy to South to lend flood assistance

News, Post Reporters, Published on 05/01/2012

» Troops across the country will sweep into flood-hit southern provinces if the crisis proves too much for the Fourth Army Region to handle.