Thailand is taking measures to secure major ports and airports, the government spokesman said Monday, as it moves to crack down on anti-government protests. "In the next few hours several security measures will be taken to secure all major ports, airports and major infrastructure for your own safety," Thai government spokesman Panitan Wattanayagorn said. "This is very normal, routine procedure during the emergency," he said in a live television address that went out on all channels. Thailand's embattled government on Sunday declared a state of emergency in and around Bangkok in the face of thousands of demonstrators calling for Prime Minister Abhisit Vejjajiva to quit. "We would like to assure you that the unrest situation in Thailand is being brought back under control," said Panitan, as soldiers clashed with protesters in the streets of the capital. Authorities at Bangkok's main international airport said that police had been deployed and that security measures were on level three … [Read more...] about Thai government says will secure ports and airports
On the occasion of Kathina ceremony, in the morning of 26 October 2013, Mr. Le Truong Luu- Deputy Chairman of the Provincial People's Committee gave a courtesy reception to the Mission of the Royal Thai Government led by Mr. Prachuab Chaiyasan- the Former Minister of Foreign Affairs and Standing President of Vietnam- Thailand Friendship Association. Representatives of leaders of Vietnam Fatherland's Front of the Province, Department of Foreign Affairs, the Provincial Religion Board, Office of the Provincial People's Committee, the Provincial Public Security; Vietnam- Thailand Friendship Association in Thua Thien Hue Province. At the reception, Mr. Le Truong Luu expressed his gladness to the development of several fields in the cooperation and friendship between the two countries, Vietnam and Thailand. To Thua Thien Hue province, though this is the first time Thua Thien Hue have established the cooperation on economic development with Thai Lan, the province have had much cooperation … [Read more...] about The provincial People’s Committee gave a courtesy reception to the Mission of the Royal Thai Government.
Thai Prime Minister Abhisit Vejjajiva said the government plans to spend 2 trillion baht (US$56.6 billion) on mainly infrastructure projects in the next three to four years to boost investment and create jobs. The money would be spent on water resources, transportation, logistics, tourism, education and public health, the premier said in Bangkok Wednesday. Vejjajivaâ€™s two-month-old government has pledged to boost spending to support an economy forecast to grow in 2009 at the slowest pace in 11 years as exports and local demand weaken. The government said Tuesday it expects its 2010 budget deficit to widen by 12 percent as the global recession crimps revenue. â€œThe Thai economy has yet to reach the bottom,â€ Finance Minister Korn Chatikavanij said Wednesday. â€œThe government will have more stimulus plans to help the economy.â€ Thai exports may have contracted more than 20 percent in January amid slumping global demand, Chatikavanij said. That would be the third … [Read more...] about Thai government plans $56.6 billion of investments
Industrial & Commercial Bank of China Ltd., the world's biggest bank by market value, is in talks with the Thai government to buy a controlling stake in ACL Bank Pcl, Finance Minister Korn Chatikavanij said. ICBC is seeking government approval to own more than a 49 percent stake in ACL, Korn told reporters Thursday in Samui island, Surat Thani Province, 685 kilometers south of Bangkok. The finance ministry owns a 30.6 percent stake in ACL Bank and is the lender's biggest shareholder, according to the bank's website. ICBC is adding emerging-market holdings as the state-owned company continues an overseas expansion begun in 2006 with the purchase of 90 percent of PT Bank Halim Indonesia. It agreed to buy 79.9 percent of Macau's third -biggest bank in August and bought a fifth of South Africa's Standard Bank Group Ltd. in October, the largest overseas acquisition by a Chinese lender. "ICBC has been mainly focusing on markets that have growing trading ties with China and are … [Read more...] about ICBC in talks with Thai government on ACL Bank stake
Thailand's government has cancelled the sale of 300,000 tonnes of rice to Indonesia agreed under the previous administration that left office last month, although Indonesia's state procurement body said on Tuesday it had not been informed. A vendor sells rice at a market in the Indonesian capital, Jakarta. Photo: AFP "The Public Warehouse Organization signed an MOU in the middle of August, which would have become effective when the minister signed the deal, but I didn't sign," Thai Commerce Minister Kittirat Na Ranong told reporters, referring to the body that looks after government stockpiles. "The price does not match the price the government will guarantee farmers, so that deal won't happen, and we expect Indonesia will understand," he added. The new government, formed in August after an election in July, has promised farmers 15,000 baht ($481) a tonne for paddy from October. Exporters say that could push export prices above $800 a tonne, versus around $600 now … [Read more...] about Thai government cancels rice sale to Indonesia