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  • Tom 8:07 pm on January 26, 2010 Permalink
    Tags: , , Bank, barrel, , currencies, economist, , , , , industrial projects, Influenza type A, , oil prices, projects, , Thai baht, , , , tourism sector, , trade partner, , , World Bank   

    World Bank projects Thai economy to grow 3.5% this year 

    Thai economy

    The World Bank has projected that the Thai economy will grow 3.5 per cent this year and 4 per cent next year, rebounding from last year, when it contracted 2.7 per cent.

    Dr Kirida Bhaopichitr, country economist for Thailand at the World Bank’s Bangkok office said Thai exports are projected to expand 15 per cent this year thanks to improved economy of Thailand’s trade partners and recovery of the tourism sector. (More …)

  • Tom 7:56 pm on January 26, 2010 Permalink
    Tags: Bank, Cement, , , , , , , interest rates, manufacturing, , resume, securities analyst, , , ,   

    Thai bourse index likely to fluctuate heavily next year 

    The Stock Exchange of Thailand

    The Stock Exchange of Thailand’s composite index will remain in an upward trend next year although it will fluctuate greatly in the first and second quarters, according to a leading securities analyst.

    Sukij Udomsirikul , first vice president of Siam City Securities Co’s Research Division, projected the index would peak at 880 points and plunge to the lowest at 540 points in 2010. It is likely to stay at an average of 750 million. (More …)

  • Tom 7:39 pm on January 26, 2010 Permalink
    Tags: assets, Bangkok Bank, Bank, Bank of Ayudhya, , debt crisis, , Dubai World Group, , hotel project, housing project, , , ,   

    Three Thai banks clarify roles in Dubai World investments 

    Dubai World investments

    In a bid to ease concern over impacts of the debt crisis facing state-operated Dubai World on its performance, three domestic commercial banks on Tuesday admitted they had financially supported companies under the umbrella of the giant corporation, but in quite small amounts compared to their assets.

    Bangkok Bank (BBL) Executive Chairman Kosit Punpiumrat said the bank loaned US$50 million (about Bt 1.67 billion) to the Dubai World Group Finance Co. (More …)

  • Tom 10:40 pm on November 28, 2009 Permalink
    Tags: Bank, , , , , , , industries, , , , SME Bank, traders   

    SME BANK stays on right track on loan provision 

    The Small and Medium Enterprise Development Bank of Thailand (SME Bank) approved over 33.6 billion THB worth of loans during the past 10 months, nearly doubling the amount released last year.

    SME Bank spokesperson Wichaya Witheethum said that the 10-month figure was 99.96% higher than that approved in the same period of last year. The loans had benefited 7,282 entrepreneurs, complementing the government policy to provide urgent assistance to major industries of the country. (More …)

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