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Thailand’s oil palm industry is leading the way for regional biopower projects and is more sustainable than operations in Indonesia and Malaysia which have faced global pressure for devastating old-growth forest and taking a wrecking ball to farming communities, experts say. But while the local sector is breaking ground with its renewable energy projects, inefficiency, […]

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By GREG LOWE IN BANGKOK BUSINESSES that have been hit hard by months of protests and deadly clashes on the capital’s streets say that it is too early to assess the full impact of the recent violence on their operations. Protesters rampaged across Bangkok on Wednesday, torching more than 30 buildings, after leaders of the […]

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By GREG LOWE IN BANGKOK THAI-LISTED companies saw net profits surge by 42 per cent last year to 446.51 billion baht (S$19.13 billion) on sales totalling 6.39 trillion baht, the Stock Exchange of Thailand (SET) says. The top-performing industry groups were resources, finance, and property and construction respectively, with PTT, Siam Cement, PTT Exploration and […]

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The year ahead for Thailand´s hotel and resort development sector will witness a rebound from the impact of the global financial crisis, local recession and domestic political turmoil, according to property experts. But while the outlook is less turbulent, growth will remain anaemic and patchy, and project financing will remain tight. Occupancy levels in Thailand´s […]

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Preventing foreigners from owning land and property in Thailand does many things: it protects powerful Thai landlords and agricultural monopolies, forces overseas investors to consider setting up shop in other regional markets, drives Thai capital from the country and provides a pool of nationalist bile for tub-thumping politicians to draw on and whip up a […]

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Professor Pakdee Pothisiri has his work cut out. As one of Thailand’s nine anti-corruption commissioners he is in the front line of the battle against graft in the country’s political and public sectors. But he remains upbeat in the face of the Herculean task that lies in front of him and the National Anti-Corruption Commission […]

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Developing an Asian rail network to expand trade and economic development within the region will come a step closer this week when a new intergovernmental agreement comes into force. The Intergovernmental Agreement on the Trans-Asian Railway Network, which commits signatories to co-ordinate the development and operation of international rail routes linking 28 countries, is scheduled […]

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Siemens Thailand outlined three investment projects yesterday which it says show its long-term commitment to developing the country’s human capital and sustainable transport systems. But the industrial technology giant would not say how much capital it would inject into the projects, or what the investment horizon would be. Read more…

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By GREG LOWE The global recession and domestic political turmoil have clipped Siemens Thailand’s growth expectations this year but the company still expects its turnover to increase in 2009, says CEO Anthony Chay. The impact of slumping global demand on Thailand’s heavily export-oriented economy is the major factor crimping the profits of Siemens’ industry-dependent operations. […]

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ASEAN’S 14th summit concluded in Thailand on March 1 having made some significant economic and political developments, but the association’s lofty goals will be hindered by protectionism and its non-interference policy, experts say. The Asean Cha-am Hua Hin Declaration affirmed the 10 member states’ commitment to free trade, the development of regional economic, social and […]

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