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WORLD

Monti dismisses downgrade of 34 Italian banks

AFP, Published on 11/02/2012

» Italian Prime Minister Mario Monti dismissed news that Standard & Poor's had downgraded the credit ratings of 34 Italian banks on Friday as "mechanical."

BUSINESS

Le Concorde plans B2.5bn expansion

Business, Chadamas Chinmaneevong, Published on 10/02/2012

» Le Concorde Group, the owner of Swissotel Le Concorde Bangkok, plans to spend 2.5 billion baht to renovate its exiting property in Bangkok and build two new hotels in resort destinations over the next five years after projecting a better tourism outlook and a positive trend in the meetings, incentives, conventions and exhibitions (Mice) industry.

WORLD

ECB holds rates steady

AFP, Published on 09/02/2012

» The European Central Bank held its key interest rates steady, as expected on Thursday, leaving eurozone borrowing costs at historic low levels after cutting rates twice in recent months.

WORLD

ECB in 'wait-and-see' mode after unprecedented moves

AFP, Published on 09/02/2012

» The European Central Bank will hold borrowing costs steady Thursday after cutting rates twice in recent months and providing unprecedented amounts of liquidity to avert a credit crunch, analysts said.

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EASY NEWS

Dry season flooding

Terry Fredrickson, Published on 09/02/2012

» Villagers in the Sena district of Ayutthaya living along the Noi river are understandably angry. The dry season has arrived and so have the floods. That’s not supposed to happen.

THAILAND

Govt floats option for flood loans bill

News, Chatrudee Theparat, Published on 09/02/2012

» The government will submit a bill seeking authorisation to borrow 350 billion baht in funds for its water management programmes if the charter court finds its funding decree unconstitutional.

BUSINESS

Banks: Rate cuts hinge on fee fate

Business, Somruedi Banchongduang, Published on 09/02/2012

» Commercial banks are awaiting a decision on the new deposit protection fee before adjusting their interest rates.

BUSINESS

MPC concerned about distortions

Business, Parista Yuthamanop, Published on 09/02/2012

» The Monetary Policy Committee (MPC) has taken a neutral stance on the interest rate trend following its latest quarter-percentage-point cut to 3% two weeks ago.

BUSINESS

Kittiratt urges companies to cooperate in wage hike

Business, Nanchanok Wongsamuth, Published on 09/02/2012

» Deputy Premier and Finance Minister Kittiratt Na-Ranong is strongly urging the private sector to accept the 40% rise in the daily minimum wage scheduled for April.

TECH

Power to the people

Business, Suchit Leesa-nguansuk, Published on 08/02/2012

» If the size of your household or business electricity bill is starting to get you down, it's time to turn on to new ways to save power and money.