Categories
Asia Vacation

Thailand to cut airport landing, parking fees

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. 

Categories
Asia Vacation

Thai Air raises its financing target

BANGKOK – Thai Airways International said Wednesday that it was raising more than $1 billion in financing, double what it announced just two days before. 

Categories
Asia Vacation

Reductions in Phuket property prices

As the global economic crisis continues, real estate prices in Thailand’s ‘hottest’ resort start to come down.

Categories
Asia Vacation

Thai Bank of Ayudhya may sell 10 bln baht bonds

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. 

Categories
Asia Vacation

Thai Oil sees lower sales in 2009, plans bond sales

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.

Categories
Asia Vacation

Thai True Move plans 3G service in April

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.

Categories
Asia Vacation

Malaysia's CIMB completes BankThai buy

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.

Categories
Asia Vacation

Ch Karnchang group wins Bangkok mass transit bid

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.

Categories
Asia Vacation

Thai Cabinet approves $3.3 bln stimulus plan

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.

Categories
Asia Vacation

Cabinet considers Bt120 bn expansionary budget on Tue

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.