Thai Deputy Finance Minister Pradit (centre) and Japan’s ambassador to Thailand Kyoji Komachi (left) are about to exchange their signed copies of agreement while JICA Thailand office’s director Katsuji Onoda looks on.

 
Thailand yesterday signed an agreement to borrow about 63 billion yen ($655 million) from Japan International Cooperation Agency (JICA) in an effort to finance the Red Line rail project, linking upper Bangkok to Rangsit in Pathum Thani province.
The agreement, worth about 23 billion baht, was signed between Thai Deputy Finance Minister Pradit Phataraprasit and Japan’s ambassador to Thailand Kyoji …

Thailand’s Total Access Communication Plc (DTAC) and UK’s Vodafone yesterday announced that they have signed a partner market agreement for both companies to better serve the needs of their respective customers in Thailand.

According to the agreement, DTAC will have exclusive access to Vodafone’s range of products, devices and services in Thailand and will be able to draw on Vodafone’s experience in supply chain management, technology development, the acquisition of enterprise customers as well as improved inter-working between networks.
On the other hand, Vodafone, the world’s largest mobile telecommunications network company by …

Deputy premier Korbsak
 
 

Thailand’s economic ministers yesterday gave green light to the second round of economic stimulus package worth about 1.57 trillion baht in a bid to jumpstart the country’s economy during 2010-2012.
According to Deputy Prime Minister Korbsak Sabhavasu, a total of 486.14 billion baht in government investment will be spent during fiscal year 2010, which will begin from October 1 this year to the end of September next year, while 510.56 billion baht will be in fiscal year 2011 and 570.16 billion in fiscal year 2012. The investment will be …

Prime Minister Abhisit (front, right) hands a special cheque to the first recipient Kongjai Harnchai (front, left) while Finance Minister Korn (centre), Deputy Finance Minister Pruttichai Damrongrat (left) and Labour Minister Paitoon Kaewthong (second right) look on.

Thai government today begins handing out 2,000-baht cheques to low-income earners nationwide as a short term measure out of its stimulus programmes to revive the country’s economy in midst of the global financial crisis.
The first lot of “Help-the-Nation” cheques will be given to those earning less than 15,000 baht a month and making contribution …

Dr.Subhak Siwaraksa has become the new president and chief executive officer of BankThai, currently controlled by Malaysia’s CIMB Group, since March 17, 2009.
The appointment of Dr.Subhak, former chief executive officer of TMB Bank, was reported to the Stock Exchange of Thailand (SET) after its board of directors’ proposal had received an approval from the Bank of Thailand.
Dr.Subhak, 52 years old, received a Bachelor’s degree in English literature and economics from Georgetown University, USA, and a Master’s degree from Fletcher School of Law and Diplomacy, Tufts University, USA, and a PhD …

PTT International Co., Ltd. (PTTI), a wholly owned subsidiary of Thailand’s oil and gas giant PTT, will buy 60 percent of the stake in a unit of Australian miner Straits Resources Ltd, worth about US$335 million.
In a statement to the Stock Exchange of Thailand today, PTT’s president and chief executive officer Prasert Bunsumpun said PTTI through its wholly owned subsidiary Lints Ltd, Hong Kong, had on Sunday signed an agreement with Straits Resources Ltd to acquire the stake in Straits Bulk & Industrial Pty Ltd (SBI), which holds a stake …