Thailand’s former finance minister Somkid Jatusripitak on Wednesday warned that the current economic slowdown would last for a few years so the government needs to come up with plans to cushion the impacts of such recession.
Dr.Somkid, who was also the former deputy prime minister during the government led by Thaksin Shinawatra, urged the government to prepare a contingency plan to ease the impact of the global economic slowdown on the Thai economy, particularly on the country’s export sector.
During his key-note address on “Look at the Future of Thailand,” Dr.Somkid was …

Jan 29 - Feb 1, 2009
Event:             Healthy & Beauty Today
Venue:            Hall 2, IMPACT Muang Thong Thani
Time:              11.00-21.00 hrs.
Description:  

The event features products and services related to health and beauty such as traditional massage, Thai herbs massage, spa and fitness.
Organiser:
Rachata Exhibition Co., Ltd.
Tel. 02-509-2543
Website:  http://rex-rachata.com
 

Jan 29 - Feb 1, 2009
Event:             Thailand Baby & Kids Best Buy
Venue:            Queen Sirikit National Convention Center
Time:              10 a.m. - 8 p.m.
Description:  
Enjoy an exceptional opportunity to shop for your kids at the 6th Thailand Baby & Kids Best Buy 2009 – the …

Dr.Thanavath (Photo by: TNA)

The Center for Economic and Business Forecasting (CEBF), University of Thai Chamber of Commerce, said the new government tax measures should be able to drive Thailand’s economy to grow 2.5-3 percent this year.
Dr.Thanavath Phonvichai, director of the CEBF, today said he believed many parties would agree to the latest stimulus measures approved by the Cabinet yesterday because these measures have been focused on tax restructuring in the property sector, assisting small and medium enterprises (SMEs) and those tourism-related businesses.
The CEBF director, who is also the dean of …

The Cabinet today gave a green light to another round of stimulus measures to spur Thailand’s economic growth, with emphases on giving tax breaks to small and medium-sized enterprises (SMEs), home developers and buyers and to promote domestic tourism.
Finance Minister Korn Chatikavanij disclosed that the new measures, which have been aimed at stimulating the country’s economy in the midst of global economic downturn, will however cost the government an approximate of 40 billion baht in revenue annually.
The measures for the SMEs, the finance minister said, the Cabinet has decided to …

Thai Airways International (THAI) plans to borrow a total of 29 billion baht from local financial institutions to refinance short-term loans and use as working capital.
Surachai Tansitpong, permanent secretary of the Ministry of Transport on his behalf of the chairman of the national flag carrier’s board of directors, yesterday said THAI had been affected by economic downturn and the recent week-long siege of Suvarnabhumi and Don Mueang airports by anti-government protesters, bringing down its liquidity during the peak tourist season last year by about 20-30 percent.
The THAI chairman said the …

Siam Commercial Bank (SCB) posts a net profit of 21.4 billion baht for last year’s operations, up 23.4 percent from 2007.
Dr. Vichit Suraphongchai, chairman of SCB’s executive committee, yesterday said in a statement that the multi-year drive to successfully transform the bank has just passed through its first major test in flying colors as core profitability has in particular been sustained despite the dramatic economic slowdown in Thailand and the world.
The country’s third largest bank saw its net interest income (NII) increase 13.2 percent from 2007 while non-NII, such as …