THE Japan Bank for International Co-operation (JBIC) has promised to provide soft loans to investors setting up businesses in the Eastern Economic Corridor (EEC) and is ready to back investment in a high-speed link between three airports that underpins the flagship economic zone. Tadashi Maeda, chief executive officer and executive managing director of state-run JBIC, […]
Read MoreThailand’s PTT Exploration & Production Pcl is ready to shell out as much as $1 billion on an overseas petroleum asset this year, and possibly more, as it tries to prop up growth amid falling reserves. The upstream unit of state-controlled PTT Pcl is in talks to purchase a stake in oil, natural gas or […]
Read MoreAfter a subdued spell, Thailand’s economy is gathering momentum. With rising exports and a recovery in domestic demand, the World Bank has forecast that economic growth will exceed 4% in 2018 for the first time since 2012. Relative to this modest upturn, the nation’s richest are enjoying a disproportionate wealth boom, spurred by stock market gains […]
Read MoreThe Japan Bank for International Cooperation (JBIC) pledges to extend soft loans to finance Thailand’s 224.54-billion-baht high- speed railway linking three major airports and other infrastructure projects in the government’s highly touted Eastern Economic Corridor. Chief executive and executive managing director Tadashi Maeda met Prime Minister Prayut Chan-o-cha and Deputy Prime Minister Somkid Jatusripitak Thursday. Mr Somkid […]
Read MoreThailand’s bourse was among several regional stock markets experiencing a sell-off Thursday on concerns over the US-China trade dispute and the US Federal Reserve’s signal that it would raise interest rates further. The Stock Exchange of Thailand (SET) index closed at 1,790.80 points, down 0.02%, in trade worth 58.7 billion baht. Foreign investors were net sellers […]
Read MoreThai hotel and property development company Dusit International will make its Vietnam debut this month with the opening of the Dusit Princess Moonrise Beach Resort on the country’s largest island, Phu Quoc. Located in southern Vietnam in the Gulf of Thailand, Phu Quoc is a fast-growing tourist destination known for its long, sweeping beaches, rich […]
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