Thailand Latest News Sat 10 May 2008
Thailand Latest News Sat 10 May 2008
Cash-rich buyers keep luxury real estate market healthy
The luxury property market is still strong due to healthy demand and high purchasing power, reflected in the fact that fewer than 20% of purchasers seek loans, according to Chatchai Payuhanaveechai, a senior vice president at Kasikornbank.read more
Alternative fuel use surging
Consumption of new fuels including gasohol surged dramatically in April, as consumers continued to seek ways to reduce the impact of high oil prices.read more
Energy ETF debuts next month
Thailand's first energy sector exchange traded fund will be launched next month, according to the Stock Exchange of Thailand.read more
Airlines step up aid effort to Burma
Thailand based airlines with flights to Burma are extending assistance to the cyclone ravaged country by donating necessities and ferrying aid from Bangkok as part of their corporate social responsibility (CSR) programmes.read more
IFC acquiring 5% stake in Acap
WB unit seeks role in NPL management. International Finance Corporation, the World Bank's investment arm, will acquire a 5% holding in MAI listed Acap Advisory Plc for an undisclosed amount.read more
Burmese junta seizes UN food aid
Agencies plead with generals to ger access. Burma's junta seized two planeloads of critical aid sent by the UN yesterday for a multitude of hungry survivors of last week's devastaring cyclone, forcing the world body to suspend further help.read more
Sutha's departure to trigger minor cabinet reshuffle
A minor cabinet reshuffle is likely following the resignation of Sutha Chansaeng, says Prime Minister Samak Sundaravej.read more
Ceremony predicts good year for farmers
An abundance of food, an average supply of water and plentiful rice yields have been predicted for the coming year by traditional soothsayers after the Royal Ploughing Ceremony yesterday.read more
Cash injection aims to boost sick economy in deep south
Bt50m bid to restore confidence. The Commerce Ministry will spend Bt50 million to stimulate growth in five provinces in the deep South as the economy in the region continues to plummet.read more
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