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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. 

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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. 

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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. 

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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.

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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.

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Asia Vacation

NZ likely to be hit by rice price rise

  The price of rice is likely to rise sharply because of the economic crisis, a research group has warned.  

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Asia Vacation

Toshiba says in talks to buy Fujitsu's hard-disk ops

TOKYO  – Japan’s Toshiba Corp said it is in talks to buy Fujitsu Ltd’s hard-disk drive business, a deal that would create the world’s largest maker of small hard drives and is reportedly worth $340-$450 million.

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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.

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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.

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Asia Vacation

Korn helps poor in hope of rich Thai harvest

Thailand’s new finance minister has announced an interim stimulus package to “stop the bleeding” in an economy hit by both the global economic crisis and domestic political turmoil.