thegreglowe.com

Hit by plummeting oil prices and economic sanctions imposed by the West, Russia’s currency turmoil is roiling the region’s tourism industry too   “The sunshine days are over,” said Kubilay Atac, general manager of Pegas Touristik Thailand. “Business will never be the same again, especially in Thailand.”   Russia’s political and economic crises, compounded by […]

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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 THE Supreme Court’s landmark ruling to seize 46.37 billion baht (S$1.97 billion) in assets belonging to the family of former prime minister Thaksin Shinawatra is unlikely to have a significant impact on the Stock Exchange of Thailand index or investor sentiment in general, analysts say. Two grenade attacks on Bangkok […]

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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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