Thai Baht Retreats From 13-Year High on Intervention Risk

Sept. 23 (Bloomberg) — Thailand’s baht retreated from a 13-year high on concern policy makers will step up efforts to curb appreciation that threatens exports and tourism. The currency has strengthened 5.6 percent this quarter, Asia’s best performance, as overseas investors pumped more than $1.4 billion into the nation’s shares. Net purchases yesterday totaled $138 […]

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Thai Govt may revoke emergency rule in some provinces

BANGKOK, 22 September 2010 (NNT) – Prime Minister Abhisit Vejjajiva remarked on Wednesday that the Emergency Decree will definitely be revoked in some provinces and that situations in the remaining provinces will be under close monitoring. Following the government’s decision to extend an expiring decree effective in seven provinces including Bangkok, Pathum Thani, Nonthaburi, Samut […]

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PTT Thailand Told To End Carrefour Bid

The government ordered PTT on Tuesday to end its bid to buy Carrefour’s retail assets in Thailand, saying the state-controlled company should not be competing with private firms. Deputy Government Spokesman Watchara Kannikar said the Cabinet considered it inappropriate for PTT – as a state-owned company – to be competing with private companies to bid […]

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Thai Army Finds Suspects in Arms Theft

The army chief says his agency has already known which officers were involved in the recent theft of anti-tank rockets from its arsenal in Lop Buri province. Army chief General Anupong Paochinda said the investigation suggested some army officers collaborated with outsiders to steal rocket-propelled grenades from the Lop Buri arms depot. Anupong said the […]

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More Thai Women in Swedish Sex Trade

The number of Thai and Nigerian women exploited for sexual purposes in Sweden has increased, according to a police report on human trafficking. The number of reports involving the exploitation of mentally handicapped women has also increased, according to a report on human trafficking from Sweden’s National Police Board (Rikspolisstyrelsen) released on Tuesday. “Alarming,” Kajsa […]

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