Thailand’s Ministry of Finance today said Thai economy is likely to contract by 3.0 percent or within the range of 3.5 and 2.5 percent this year.
Dr.Ekniti Nitithanprapas, director of Macroeconomic Analysis Group at the ministry’s Fiscal Policy Office (FPO), said on his behalf of the ministry’s spokesman that the Thai economy is projected to start recovering gradually after reaching its bottom during the first quarter of the year, mainly due to the government’s attempt to accelerate public consumption and investment expenditures through its stimulus packages.
However, Dr.Ekniti said, the country’s economy …

A Thai joint venture of Power Line Engineering Plc, ASCON Construction Plc and Ruamnakorn Construction (Thailand) Co Ltd yesterday won the third bidding of the Purple Line mass transit project for the construction of a maintenance centre and four park-and-ride buildings at 6.399 billion baht.

According to Chaisit Gururatana, assistant governor of the Mass Rapid Transit Authority of Thailand (MRTA) who is the chairman of the bidding committee, the PAR joint venture’s bid was the lowest while Thailand’s largest construction firm Italian-Thai Development Plc came second with nearly 6.88 billion baht, …

The Stock Exchange of Thailand (SET), with leading brokerage and listed firms, will hold roadshows in Boston and New York during June 25-26 and later in London during June 29-30.

SET President Patareeya Benjapolchai on Monday disclosed that over 50 fund managers from 40 asset management funds in each US city are expected to attend the roadshow to hear about Thailand’s latest economic, political and investment conditions, which will build confidence among the foreign institutional investors.
“SET, Thanachart Securities Plc, BNP Paribas Securities (Asia) and nine firms will present information to leading …

Charoen Pokphand Group (CP Group), Thailand’s food and agribusiness giant, on Sunday signed an agreement with Bahrain-based Al Salam Bank to jointly develop agricultural businesses for the market in the Middle East and North Africa region.
The Memorandum of Understanding (MoU) has formed a strategic partnership between the two parties with an intent to establish Bahrain as the “Halal Food Hub” of the Middle East and North Africa (MENA) region.
According to a statement issued by Al Salam Bank, CP Group’s vice chairman Eam Ngamdamronk said the partnership is CP Group’s first …

Date of Birth:  11 July 1953
Father:  Prok Amranand (Former deputy minister of commerce and ambassador to the United States)
Mother:  M.R. Pimsai Amranand
Marital Status:  Married to Anik Amranand with two children
Education:
1972 — Bryanston School, Dorset, U.K.
1975 — B.A. (First Class Honours) in Mathematics, Brasenose College, Oxford, U.K.
1977 — M.Sc. (Distinction) in Econometrics and Mathematical Economics, London School of Economics (L.S.E.), U.K.
1979 — Ph.D., Economics, London School of Economics (L.S.E.), U.K.
Work Experiences:
1980-1992 — Chief of Planning Technique Section and Director of Economic Analysis and Projection Division, National …

The board of directors of financial ailing Thai Airways International Plc (THAI) yesterday gave green light for the national flag carrier to borrow a total of 23 billion baht from four domestic banks and to appoint former Energy Minister Piyasvasti Amranand as the new president of the airline.
THAI’s chairman Ampon Kittiampon told a news conference that the board of directors had approved the loans of five billion baht from the Government Savings Bank as proposed by the airline’s Funding Committee while the committee would also proceeded with additional loans of …