Dow 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 $130 million plant here, as the printed circuit board fabricator expects sales to continue to rise in the coming years. The new factory will be sited at the Sinsakhon Industrial Estate, south of Bangkok, and have a monthly capacity of 300,000 sq. m., the company said. […]
Continue ReadingThailand will not hike value-added tax as recommended by the International Monetary Fund, said Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong. The IMF made the recommendation in light of the government’s plan to reduce corporate income tax rate to 23 per cent this year from 30 per cent. The decrease in corporate income tax […]
Continue ReadingApril 2 is fast approaching and with it the deadline for filing your 2011 personal income tax return and making any required tax payment. So, what is new this time around? _ New Expat ID number: Expatriates filing their tax returns will have to use the new tax ID – the 13-digit identification number that came […]
Continue ReadingTHAI Airways International (THAI) has sent out a memo informing its travel industry partners that earlier check-ins are now necessary at Bangkok Suvarnabhumi Airport, due to congestion at all immigration points including departure, arrival, first port and visa on arrival. THAI has asked its partners to advise their clients on flights out of Bangkok to […]
Continue ReadingAREVA and its local partner ENSYS have been selected by U-Thong Bio Power, a Thai independent power producer, for the construction of a biomass power plant located in the Supanburi Province, in the North-West of Thailand. The total value of the project is US$ 17 million. The plant fueled by rice husk and by bagasse, […]
Continue ReadingA century ago Phrae was known as Thailand’s teak capital, having drawn half a dozen European timber companies to log the North’s then abundant teak reserves to ship abroad for use in steamers, train compartments and as a floor veneer. Not much is left of Thailand’s natural teak forests today – in 1991 there were […]
Continue ReadingVietnam is seeking foreign investors to help build two airports so it can compete with other Southeast Asian nations for regional air traffic. “We are in need of financial investments from many sources, domestic and foreign,” Nguyen Cong Hoan, director of planning and investment of a newly-established nationwide airport operator, Airports Corporation of Vietnam, said at […]
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