Business

BANGKOK — Despite the economic fallout caused by Thailand’s protracted political crisis, Thai commercial banks are still enjoying a high level of stability, a top official insists.

(12 November) Minister of Finance Kittirat Na Ranong expressed his confidence that the ongoing political crisis would only affect the economy in a short term, despite signs that the economic growth of Thailand is not as good as expected.

(27 January) The government will seek loans from 33 commercial banks in Thailand to pay debt incurred by the rice-pledging scheme, Finance Minister said.

BANGKOK (DPA) — Thai exports fell 3.5 per cent in January due to declines in agricultural, agro-industrial and mining and fuel products, officials said.

BANGKOK — The Tourism Authority of Thailand (TAT) has announced plans to draw more Chinese visitors to Thailand through a campaign involving twelve 'Top Provinces,' six short films, and one celebrity.

KUALA LUMPUR (DPA) — Long-haul budget carrier AirAsia X suffered an after-tax loss of 519.3 million ringgit (143.45 million dollars) in 2014 mainly due to high operating costs and currency depreciation, the company said late Tuesday.

(9 December) Excise Department Director-General, Mr. Somchai Wongsawat, said on Monday that excise tax collected in Q1 of the 2014 fiscal year falls beneath its goal.

(13 November) The rhythm of Bangkok′s backpacker street remains unaffected by the raging anti-government protests that occupied the entire southern stretch of Ratchadamnoen Avenue just few blocks away.

BANGKOK — The Food and Drug Administration has confiscated over 500,000 baht worth of unlicensed noodle sauce and other food products from a warehouse in Bangkok's suburbs.

(17 March) Officials from various state agencies have vowed to take part in a joint effort to curb the widespread problem of predatory lending and unofficial debts across the nation.