http://thailand-business-news.com Thailand news with a business perspective Fri, 12 Mar 2010 11:39:25 +0000 http://backend.userland.com/rss092 en Thanachart Bank today confirmed that it has reached an agreement to acquire almost 48 per cent of Thailand’s Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank ... ]]> http://thailand-business-news.com/news/top-stories/11037-scotiabanks-affiliate-thanachart-bank-reaches-agreement-to-acquire-stake-in-siam-city-bank/ Thailand’s Consumer Confidence Index (CCI) in February dropped for the first time since November last year, according to a survey conducted by University of the Thai Chamber of Commerce (UTCC). The CCI in February fell to ... ]]> http://thailand-business-news.com/economics/11032-thailands-consumer-confidence-index-drops-in-february/ The Stock Exchange of Thailand has cancelled all activities to take place during March 12-14, on concerns over inconvience of visitors and their safety. ]]> http://thailand-business-news.com/news/featured/11007-some-events-cancelled-in-bangkok-but-normal-bank-operations-continue/ Property developers in major tourist destinations have adjusted strategies – downsizing units, discounting prices and shifting to rental market – to survive the global economic slump and local political tensions, say property brokerage firms. Piyanuj Madnurak, ... ]]> http://thailand-business-news.com/real-estate/10993-ko-samui-resort-projects-struggled-to-survive-in-2009/ Thai Airways International will temporarily close its ticketing offices on Larnluang Road and Silom Road during March 13-14. ]]> http://thailand-business-news.com/companies-2/10966-thai-airways-will-temporarily-closes-ticketing-offices-in-silom/ Thailand's main airport, which was besieged by protesters in 2008, said on Wednesday it had made contingency plans for protests this weekend, as ex-premier Thaksin Shinawatra rallied supporters by text message. Political unrest and the shutdown of the two airports in Bangkok in late November 2008 severely affected tourism and consumer confidence in Thailand. Real GDP contracted by 2.5 percent in 2009, as the global outlook remains negative and external demand continues to contract. The fiscal stimulus and monetary expansion implemented by the authorities are likely to partially mitigate the impact of the slowdown, allowing growth to resume in the fourth quarter of 2009 assuming a better outlook for the global economy in 2010. ]]> http://thailand-business-news.com/news/top-stories/10974-thailands-main-airport-reveals-protest-contingency-plan-for-protests/ Robinson Department Store is investing Bt2.4 billion this year on four new stores as part of its plan to expand in the country by three to four outlets annually over five years. About Bt650 million is ... ]]> http://thailand-business-news.com/news/featured/10944-robinson-department-store-to-expand-with-four-new-outlets/ Honda Automobile (Thailand) maintains the schedule to manufacture its eco-car in Thailand in 2011, with the plan to launch the model at the Bangkok International Motor Show later this month. ]]> http://thailand-business-news.com/news/top-stories/10902-honda-eco-cars-concept-model-to-be-launched-in-bangkok/ Finance Minister Korn Chatikavanij will lead a mission to Japan from Friday until Sunday to meet with investors, while antigovernment protesters rally in Bangkok. Prime Minister Abhisit Vejjajiva this week cancelled his state trip to Australia ... ]]> http://thailand-business-news.com/politics/10937-korn-to-lead-mission-to-japan-during-redshirt-rally/ The management of Thailand’s commercial banks are permitted to instruct an immediate halt to ATM services or the operations of bank branches in risk-prone areas without prior consent from the central bank,  according to Bank ... ]]> http://thailand-business-news.com/national/10932-banks-permitted-to-halt-atm-and-close-branches-in-case-of-emergency/