Govt touts Land Bridge to top French firms
Govt touts Land Bridge to top French firmsThe government was due to meet with top-tier companies in France yesterday as part of its Land Bridge Road Show to draw firms to invest in logistics infrastructure in the Southern Economic Corridor (SEC). The environmental and health impact assessment (EHIA) for the Land Bridge megaproject is being conducted by the OTP, he said. Anan Phonimdang, SRT deputy governor, said rail routes along the Land Bridge are divided into two sections. The Land Bridge megaproject development consists of four phases. A route linking the two ports will cost 195 billion baht, with 6.2 billion baht in compensation for land expropriation.
Source:Bangkok Post
March 09, 2024 07:09 UTC
Bangkok Post - Target for cuts
It begs the question of the credibility of the Western news sources and their intentions. One example is The New York Times, which is facing questions about a sweeping investigative story it published on the Israel-Hamas war back in December. While the New York Times fired staff photojournalist Hosam Salam for being pro-Palestinian, three Jewish reporters were allowed to team up and write an article about Hamas. The last Chinese weather balloon article was published one week before the Pentagon stated that it held no spying equipment. As shown in many of the opinions from PostBag's contributors, these Western news sources are taken to be the Gospel truth.
Source:Bangkok Post
March 09, 2024 05:27 UTC
BGRIM expands investment in renewables in South Korea
B.Grimm Power (BGRIM) is expanding its renewable energy business through investments in Nakwol Wind and Hanbit Wind, two offshore wind power plants in South Korea which have a combined installed capacity of 740 megawatts. Nakwol Wind is responsible for the Yeonggwang Nakwol offshore wind power generation project, which has an installed capacity of roughly 365MW. BGRIM has also invested $25.2 million in Hanbit Wind Power Co (Hanbit Wind), acquiring 49% of the company's issued shares. Mr Link said BGRIM is gradually expanding its investment in South Korea. As outlined in the Framework Act on low-carbon green growth, South Korea is poised to deploy up to 20GW of offshore wind capacity by 2030.
Source:Bangkok Post
March 08, 2024 16:38 UTC
Bangkok Post Women of the year 2024
The roles of women have changed significantly in recent years,In honor of International Women's Day on March 8, we proudly unveil the outstanding women who have left an indelible mark across diverse fields, achieving remarkable milestones and making transformative contributions through their unwavering pursuit of excellence. These exceptional individuals have been bestowed with the title of Bangkok Post's Women of the Year 2024.
Source:Bangkok Post
March 08, 2024 15:38 UTC
Analysts predict policy rate cut next month
Analysts predict policy rate cut next monthThe Bank of Thailand is expected to tweak the policy rate as early as its next meeting in April, reducing the rate 0.25 percentage points as inflation continues to decline as a result of the government's electricity price subsidies and stalled economic growth, say analysts. Last month was the 10th consecutive one where CPI inflation was below the target range of 1% to 3%. "Even if the decision is not unanimous, we expect the Bank of Thailand to tweak its policy rate with a 25-basis-point cut to 2.25% at its next meeting on April 10, largely to bring the real policy rate to levels more congruent with weaker growth and lower inflation," said the group. BofA, a unit of Bank of America, said the notable dip in inflation expectations and lower growth potential would call for a lower neutral interest rate. "As a result, we maintain our view that there will be two rate cuts in 2024, as the Bank of Thailand recalibrates its policy stance," he said.
Source:Bangkok Post
March 08, 2024 10:35 UTC
Biden, Trump sweep party polls on 'Super Tuesday'
Joe Biden and Donald Trump swept to victory in party polls across the U.S. on Super Tuesday (March 5), the biggest day of primaries in the 2024 presidential election cycle. With the news first reported by the Wall Street Journal that Nikki Haley plans to end her campaign on Wednesday, the scene is now set for an historic Biden-Trump rematch in November.
Source:Bangkok Post
March 07, 2024 08:24 UTC
Haadthip to launch range of alcoholic drinks in Thailand
Haadthip to launch range of alcoholic drinks in ThailandAn aerial view of a Haadthip factory. Haadthip Plc plans to manufacture alcoholic beverages in Thailand, encouraged by the tourism boom in the southern region. Maj Gen Patchara Rattakul, chief executive of Haadthip, said the company is planning to introduce licensed alcoholic beverage brands under the Coca-Cola Company in Thailand. In 2023, Haadthip recorded total revenue of 7.8 billion baht, a high for the past five years and up 13.6% from 2022. Maj Gen Patchara said that Haadthip recorded total revenue of 7.8 billion baht in 2023.
Source:Bangkok Post
March 07, 2024 07:43 UTC
Ttb rules out sale of bad debts
Ttb rules out sale of bad debtsMr Piti says auction prices of bad debts offered by asset management companies have declined from last year. Despite a higher level of non-performing loans (NPLs) in the industry, TMBThanachart Bank (ttb) has no plans to sell its bad debts this year as potential buyers are offering relatively low prices. Given the increase in NPL supply across the banking industry as the economy slowly recovers, auction prices of bad debts offered by asset management companies (AMCs) have declined from last year. Last year, the country's sixth-largest lender by total assets sold bad debts (both NPLs and non-performing assets) amounting to 6-7 billion baht. This year ttb plans to manage bad debt independently and does not intend to establish a joint venture AMC to address the issue.
Source:Bangkok Post
March 06, 2024 11:19 UTC
Carving memories
Childhood is the most memorable time for many people and this is what three artists, Chanathip Chuenbumroong, Napol Isaracheewa and Toon Kaewkerd, turned to find inspiration to create wood carvings displayed at the exhibition "…With A Time Capsule".
Source:Bangkok Post
March 06, 2024 10:53 UTC
Philippines blames China's coast guard for collision
The Philippines on Tuesday (March 5) accused China's coast guard of carrying out "dangerous manoeuvres" that led to a collision between its coast guard ship and a Chinese vessel during a resupply mission for Philippine troops in the South China Sea.
Source:Bangkok Post
March 06, 2024 08:24 UTC
Director Net's journey to prize-winning music videos
Award-winning music video director Supanut Sewaga, known as Director Net, discusses his professional journey, first entering competitions and finally working with famous local artists, emphasising that success requires commitment.
Source:Bangkok Post
March 06, 2024 04:36 UTC
Securities and Exchange Commission unveils new IPO regulations
Securities and Exchange Commission unveils new IPO regulationsThe Securities and Exchange Commission (SEC) has announced new criteria for companies wanting to raise funds through an initial public offering (IPO), requiring the names of 40 major share allocators to be disclosed at least two days before shares start trading on the bourse. Under the updated requirement, companies have to disclose the information about those receiving the IPO shares and shareholders after the IPO, including the number of shares that are prohibited from selling under the lock-up requirement, the regulator said in a statement. Such information must be reported two business days before the first trading day of those IPO shares or within 30 days from the IPO's closing date, whichever day is due first, it added. It applies to companies that submit effective securities offering registration forms after the effective date, noted the statement. The proportion of program trading since the first day of trading until March 1 had not changed significantly.
Source:Bangkok Post
March 05, 2024 15:31 UTC
Malaysia pushes for new MH370 search, 10 years on
Malaysia is pushing for a renewed search for Malaysia Airlines Flight MH370, the transport minister said on Sunday, as the 10th anniversary of its disappearance in one of the world's greatest aviation mysteries approaches.
Source:Bangkok Post
March 05, 2024 12:56 UTC
One in five Mekong river fish face extinction: report
Unsustainable development threatens the diverse fish populations of the Mekong river, with one-fifth of fish species facing extinction, a new report by conservation groups said. But some scientists say it's "not too late" for countries in the delta to reverse the adverse impacts.
Source:Bangkok Post
March 05, 2024 12:38 UTC