Medical devices constitute a thriving industry in Thailand, with the country acclaimed as a major health care hub in Asia. The Thai medical devices market in 2010 is valued at US$795 million.

Thailand became a signatory to the pact in 2003. Thailand must show its sincerity in fighting graft by rushing ratification of the United Nations Convention Against Corruption, both private and public sectors urged over the weekend. All UNCAC signatories – 135 countries at present – are obliged to coordinate with each another on mutual legal assistance and asset recovery for crimes, even to the extent of extradition.

The strength and resilience of Thailand’s economy continues to be reflected in the data, beginning with its 12% growth in gross domestic product during the first quarter of 2010. That was the best rate of growth in about 15 years, nearly three times better than Q1 2009, and about double the preceding quarter. It is estimated that GDP growth for the first half of 2010 will be approximately 10%.

The law was introduced in 2007 under the post-coup government of General Surayudh Chulanont. In that context it was immediately assailed as a political weapon by critics who claimed that the legislation was passed to stifle online discussions and criticism of the coup that ousted former Prime Minister Thaksin Shinawatra, as well as to head off debates about the roles and influence of the military and the monarchy in the Kingdom’s realities.

According to the Real Estate Information Research and Valuation Centre, unsold homes and new housing completions as of mid-year totalled about 98,748 unit

Foreign banks operating in Thailand reiterated their readiness to increase lending in an effort to help maintain the country’s economic growth momentum.Thai banks provide a wide range of services throughout the country. Most foreign banks are represented, however, at this stage they offer limited services to the individual consume

Attempts to bring 3G services to Thailand have been held up for nearly five years because of frequent changes in government and also because of questions about the NTC’s legal authority to award licences.

Thailand’s capital of Bangkok is under threat of inundation — being underwater — within a century, and researchers warn that current flood prevention measures in the city are not ready to prevent such a happening.

GM plans to extend its production of midsize pickups Chevrolet Colorado and compact cars Chevrolet Aveo in Rayong province with at least 80,000 units this year from 39,800 units produced last year.GM has just got an approval for a loan of 1.35 trillion THB from Tisco and Thai Commercial banks for the credit term of seven years.

China’s central bank said on Saturday it will promote further reform of its exchange rate mechanism, but maintained there is no basis for “large swings” in the currency.