BANGKOK – Airports of Thailand (AOT) AOT.BK is to cut landing and parking fees for airlines by 20 percent in a bid to bolster tourism, hit by the closure of Bangkok’s two airports late last year, its president said.
BANGKOK – Thai Airways International said Wednesday that it was raising more than $1 billion in financing, double what it announced just two days before.
As the global economic crisis continues, real estate prices in Thailand’s ‘hottest’ resort start to come down.
BANGKOK – Bank of Ayudhya, Thailand’s fifth largest bank by assets, said on Wednesday it was looking to sell bonds worth 10 billion baht ($287 million) this year to raise funds for expansion.
BANGKOK – Top refiner Thai Oil TOP.BK said on Thursday that falling average selling prices, hit by lower global crude oil prices, would drag its 2009 sales lower.
BANGKOK – True Move, Thailand’s third largest mobile phone operator, said on Wednesday it expected to launch third generation mobile services in Bangkok in April.
KUALA LUMPUR – Malaysia’s CIMB has completed its acquisition of Thailand’s BankThai BT.BK with a controlling stake of 92.04 percent after its tender offer closed on Jan. 6, the Malaysian bank said on Tuesday.
BANGKOK – Thailand’s Ch Karnchang CK.BK tendered the lowest bid to build a 12 km (7.5 mile) electric train line, part of Bangkok’s 36 billion baht ($1 billion) "Purple Line" mass transit project, a government agency said on Tuesday.
BANGKOK, Thailand — Thailand’s Cabinet approved a 115 billion baht ($3.3 billion) economic stimulus package Tuesday that it hopes will shore up an economy battered by the global downturn and recent political turmoil.
He insisted that the budget would be spent to assist the sectors which are affected by the crisis, to ensure actual spending. He also noted that the money would not be used to recapitalise state-owned financial institutions, which would resort to other sources of funds.