Krabi’s Airport has opened a new terminal effective April 1st. The existing facility is dedicated to international passengers and all those on Thai Airways, while the new terminal will house domestic travelers including Thai AirAsia and Bangkok Airways. Airport capacity has been effectively increased from 4.38 million up to 8.76 million. Stated capacity for Krabi […]
Continue ReadingUp to 100,000 firms may go under The increase in the minimum wage may force 100,000 small and medium-sized enterprises (SMEs) out of business or force them to relocate their factories, according to industry representatives. The daily minimum wage in Bangkok and six other provinces rose to 300 baht Sunday; the rate will be applied […]
Continue ReadingConstruction would start in as soon as two months, and the newly formed joint venture, KK Power, was in negotiations with Thai officials on the price at which the power would be sold, said Ly Yong Phat, now the JV’s CEO. He declined to comment on the company’s ownership structure. “We already agreed in principle […]
Continue ReadingThe board appointed Pirayuth Singhanakul, deputy governor for strategic planing, to replace Mr Chaisit, who moves to an advisory post. A source said Transport Minister Jarupong Ruangsuwan ordered the transfer. The transfer would not affect Mr Chaisit’s prospects of vying for the job of new governor, Ratchanee Treepipatkul, the board chairman, said. Mr Chaisit is […]
Continue ReadingArchitects and property developers in Hua Hin are designing their beachfront homes in international styles inspired by such places as Morocco, Turkey and Spain. While these have proved popular with customers, a professor of architecture wishes designs would better reflect the lifestyle and climate of this Thai beach resort, rather than copying foreign styles. A new condominium […]
Continue ReadingDow Chemical Co is pouring an additional US$125 million into its Thai operations, strengthening the country’s role in transforming the US-based firm from a manufacturer of basic chemicals to a maker of specialty products. The new investment follows the recent completion of Dow’s $3-billion Thai Growth Project that began in 2006. The new projects, both set […]
Continue ReadingA senior executive has again raised an important national issue that deserves serious attention. Toyota Motor Thailand vice-chairman Ninnart Chaithirapinyo told a seminar on Thai labour that it is time to raise the retirement age from its current 60, to 63 or 65. While Mr Ninnart was addressing a specific problem of a labour shortage, […]
Continue ReadingRanong provincial administration is requesting a budget of 295 million baht for the development of Ranong Port to boost local economy, at the upcoming mobile Cabinet meeting. Peerasak Hinmuangkao, governor of Ranong, said that the Ranong port was built nearly 50 years ago and is in need of restoration. Work would include alterations to the […]
Continue ReadingApex Circuit broke ground this week on a new $130 million plant here, as the printed circuit board fabricator expects sales to continue to rise in the coming years. The new factory will be sited at the Sinsakhon Industrial Estate, south of Bangkok, and have a monthly capacity of 300,000 sq. m., the company said. […]
Continue ReadingThailand will not hike value-added tax as recommended by the International Monetary Fund, said Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong. The IMF made the recommendation in light of the government’s plan to reduce corporate income tax rate to 23 per cent this year from 30 per cent. The decrease in corporate income tax […]
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