Thailand business news

The South China Sea dispute needs a legal solution

Zhong Li — Wed, 22 Feb 2012 04:57:51 +0000

China’s naval exercises in the region and apparent willingness to showcase its military capabilities in favour of its claims have also exacerbated these tensions.

Sufficiency Economy: Thailand’s Point of View and Experience

Aishwarya Gupta — Wed, 22 Feb 2012 04:43:41 +0000

Thailand Sufficiency Economy concept is meant as a development alternative based on an attitude toward life that encompasses three components, namely moderation, reasonableness, and self-immunity.

C919 to make its first flight in 2014 and start service 2016

Fang Zhang — Tue, 21 Feb 2012 07:41:26 +0000

The company is working on detailed designs of the plane after passing a preliminary technical review by the Chinese government in December. The C919 is due to make its first flight in 2014 and to enter service two years later.

Tourist Arrivals Drives Interest in Phuket and Hua Hin Hotel Sales (CBRE)

Daniel Lorenzzo — Tue, 21 Feb 2012 05:08:41 +0000

Ms. Kulwadee Sawangsri, Head of Investment and Land Services at CBRE Thailand, announced today that there was very strong interest from bidders for the Courtyard by Marriott Hotels in Patong and Cha-am. The bidders come from a wide geographical area and the Patong 390-room hotel has attracted strong local, regional and international interest.

Malaysia: «People in the south must not seek a separate state»

Aishwarya Gupta — Tue, 21 Feb 2012 04:43:23 +0000

Malaysian Prime Minister Najib Razak on Monday reaffirmed to visiting Thai Prime Minister Yingluck Shinawatra that Malaysia did not support the insurgency and opposed violence in Thailand’s southern border region, pledging to support the neighbouring country to seek long-term peaceful solution in the region.

Chinese economy and the IMF: Is risk in eye of the beholder?

Zhong Li — Mon, 20 Feb 2012 22:42:45 +0000

The International Monetary Fund's (lMF) latest assessment on the Chinese economy was released on Feb 6 by the IMF Resident Representative Office in China. It included recent developments, the outlook, risks and policy suggestions. Reflecting the worsened external environment since the last update several months ago, China's economic growth for 2012 was revised down to 8.25 percent. But still, China remains a bright spot in the midst of intensifying strains in the euro and fragilities elsewhere.

Trade war looms over European Union’s airline tax

Zhong Li — Mon, 20 Feb 2012 22:42:40 +0000

A trade war is looming over the European Union's move to impose charges on airlines based on the greenhouse gases emitted during a flight into and out of European airports.

Sony PlayStation Vita gets an update

Zhang Fang — Mon, 20 Feb 2012 20:42:00 +0000

The PlayStation Vita will be out later this week, but some of you folks are already holding one thanks to the first edition bundles that went up on sale last week. Well for those of you who already have a Vita or will be getting one, Sony has pushed out a new update for the console. The update bumps the PlayStation Vita up to version 1.61 and will introduce the following features for folks who turn on the Vita for the first time: (more…) By Ubergizmo.

Thai GDP shrank 9% in Q4 2011

Akanksha Singh — Mon, 20 Feb 2012 04:37:22 +0000

The National Economic and Social Development Board (NESDB) has revealed that last year's devastating flood has pulled down the Gross Domestic Product (GDP) last year. According to the NESDB, the GDP in the fourth quarter of last year dropped by 9% compared to a 3.7% rise in the third quarter.

Burma to introduce Internet e-visa system

Wassana Kasemchai — Mon, 20 Feb 2012 04:25:38 +0000

The e-visa system will be available from March and would allow international visitors to apply for a visa from anywhere via the Internet before visiting Burma. The liberalisation of visa procedures is likely to facilitate another jump in tourist arrivals in 2012. Total arrivals to Burma last year were 816,369.