Thailand has been picked as the host of the 21st World Economic Forum on East Asia which will be held next year. Thai Prime Minister Abhisit Vejjajiva on Monday took part in the 20th World Economic Forum on East Asia in Jakarta. PM Abhisit had an opportunity to make his remarks during the “Thailand Luncheon” session, as follow:
Excellencies, Distinguished Guests, Ladies and Gentlemen,

It is my great pleasure to be your host at today’s Thailand Luncheon. I’d like to convey my sincere congratulations to the Indonesian Government and the participants …

Thai premier Abhisit Vejjajiva, right, is seen chairing the meeting of BOI held at the Government House last Monday. Sitting extreme left is BOI secretary Dr Atchaka Sribunruang.

The number of investment projects applying for Thai government promotion during the first five month of this year has increased 51 percent while the combined investment value gone up 25 percent to 208 billion baht.
According to Dr Atchaka Sibunruang, secretary-general of Thailand’s Board of Investment (BOI), a total of 725 projects, with the combined value of 208 billion baht, has during the …

Listed companies on the Stock Exchange of Thailand (SET) reports record-high total sales of 2.12 trillion baht and profits of 205.29 billion baht for the first quarter of this year, up 18.22 percent and 29.74 percent respectively from the same period last year.
According to SET president Charamporn Jotikasthira, a total of 460 companies out of 506 SET-listed firms, including 32 property funds, had already submitted their operating results for the first quarter of this year and their total sales and profits surged to the highest since the establishment of SET, originally …

Dr Panitan, the government spokesman
Thailand’s general election has been set to be held on July 3 after His Majesty the King yesterday endorsed a Royal decree to dissolve the House of Representatives and set the date for the country’s ballot casting.
Government Spokesman Panitan Wattanayagorn said yesterday during a news briefing that the country’s King Bhumibol Adulyadej has already endorsed the Royal decree which would come into effect today and the election will be held on the date.
The announcement by Dr Panitan was prior to the nationally televised address of Prime …

Fitch Ratings today said the outlook on Thai banks should remain stable for the next 12 to 18 months as economic conditions are expected to remain supportive of banks’ overall performance during the period of time.
However, the global rating agency also sees several main risks which include strong credit growth in some large corporate and retail sectors, surging funding costs and potential asset quality pressure due to higher interest rates from rising inflation, and lingering global uncertainties.
According to the report, entitled “Thai Banks: Annual Review and Outlook – Resilient Economy …

Thailand’s Ministry of Finance yesterday announced the economic growth of the country for this year is expected to be within the range of 4-5 percent as earlier forecast since December last year.
Dr Naris Chaiyasoot, the director-general of the ministry’s Fiscal Policy Office (FPO), said although the office had revised its estimation for the country’s gross domestic product (GDP) growth for 2011, it believed the annual GDP would however grow 4-5 percent as targeted earlier, compared with the growth of 7.8 percent last year.
This year’s GDP growth, he said, might be …