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Thai shares close lower on volatile oil prices, political uncertainty
Kasikornbank KBAN.BK (KBANK), Thailand's fourth-largest lender, said on Thursday strong lending in the first half could push full-year loan growth toward the top end of its 10-15 percent target, despite an economic slowdown.
"Although consumption and investment might weaken in the second half, the latest strong export data prove that our economy is not that bad," bank President Prasarn Trairatvorakul told reporters, referring to the 27.4 percent export growth in June.
"Growth momentum from the first half should possibly boost our lending to the top end of the target at 15 percent," he added.
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By Rajesh Kumar, Section Business
Posted on Thu Jul 24, 2008 at 04:38:19 AM EST
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Thai media owner questioned over alleged monarchy insult
The leader of an anti-government street campaign, prominent media owner Sondhi Limthongkul, has been questioned by police over allegations of insulting the monarchy.
He surrendered to the authorities after leading march of 1,500 protesters to police headquarters in Bangkok.
Mr Sondhi has denied any wrong doing, and his lawyers say the charges are politically motivated.
He was released on bail after more than two hours interrogation.
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By Rajesh Kumar, Section News
Posted on Thu Jul 24, 2008 at 04:31:32 AM EST
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Dispute over Preah Vihear temple goes to Security Council
The meeting will be held within the next week. There is concern over the potential "state of war". Meanwhile, the two countries are increasing military forces at the temple.
Bangkok (AsianNews/Agencies) - The UN Security Council will discuss, within the next week, the dispute between Cambodia and Thailand over the temple of Preah Vihear, in order to defuse what has been called "an imminent state of war". Meanwhile, the two sides have amassed about 4,000 soldiers in the area, with heavy artillery.
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By Rajesh Kumar, Section News
Posted on Thu Jul 24, 2008 at 04:23:26 AM EST
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:THAI Officially Opens Ground Operations Control Center (GOCC)
Bangkok, Thailand. Thai Airways International Public Company Limited today opened its Ground Operations Control Center [ GOCC ] at THAI's Suvarnabhumi Airport Operations Centre. The Centre was officially opened by Flg. Off. Apinan Sumanaseni, THAI's President.
GOCC is a seamless cooperation between THAI's four Business Units; the Ground Customer Services, Catering, Ground Support Equipment Services and Cargo & Mail Commercial Departments.
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By Rajesh Kumar, Section Transportation
Posted on Tue Jul 22, 2008 at 09:06:52 PM EST
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Asian stock markets close mostly down
HONG KONG -- Asian stocks closed mostly down Tuesday as some investors took profits from a strong ea
rlier rally amid continued fears for economic growth, but Japan bucked the trend to surge nearly three percent.
The Tokyo bourse closed up 2.98 percent after reopening following a holiday on Monday, when many Asian markets had posted strong gains partly due to last week's oil price tumble.
But the mood was more restrained Tuesday, with the markets in Hong Kong, Australia and South Korea closing little changed. Chinese share prices closed mixed, while Taiwan and Singapore fell.
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By Rajesh Kumar, Section Business
Posted on Tue Jul 22, 2008 at 08:49:20 PM EST
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Patience key to temple feud
Truth be told, there is little expectation the high-level Thai-Cambodian talks will bring about a breakthrough to resolve the simmering border conflict around Preah Vihear, the 900-year-old Hindu temple recently listed as a World Heritage Site.
Still, both neighbouring countries must keep firmly in mind that continued discussion - even if it does not seem to produce stunning results at the moment while promising to drag on for a long time - is at present the best possible course of action and the only workable common ground which must be maintained at all costs.
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By Rajesh Kumar, Section Tourism
Posted on Mon Jul 21, 2008 at 08:32:39 PM EST
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Thai students win another three gold medals in Europe
Thai students have won another three gold medals in academic olympiad competitions _ two in mathematics in Spain and one in chemistry in Hungary. A team of six won a total of two gold, three silver and one bronze medals at the 12-day-long 49th International Mathematical Olympiad from July 10-22 in Madrid.
There were 535 participants from 97 countries, according to the Institute for the Promotion of Teaching Science and Technology.
The two who struck gold were Pasin Manurangsi from the Bangkok Christian College and Warat Suksompong from Triam Udom Suksa school.
Supanat Kamtue, Suthee Ruengwiset and Payut Phantawongdecha were the silver medallists, with Patcharapol Sutheparak the lone bronze winner, all from Triam Udom Suksa.
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By Rajesh Kumar, Section Educations In Bangkok
Posted on Mon Jul 21, 2008 at 08:27:33 PM EST
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Thaksin files B100m suit against Somkiat
Deposed prime minister Thaksin Shinawatra yesterday filed a defamation suit against People's Alliance for Democracy member Somkiat Pongpaiboon, demanding 100 million baht in damages plus 7.5% interest per year. The Civil Court lawsuit accuses Mr Somkiat, a Democrat party MP, of slandering Mr Thaksin in speeches he made at PAD street protests.
Mr Thaksin said Mr Somkiat tarnished his and his family's reputation when accusing him of attempting to bring down the constitutional monarchy and tampering with the justice system to absolve himself of malpractice allegations.
The lawsuit also names ASTV Co and Thaiday.com.
Mr Thaksin also sought an injunction prohibiting Mr Somkiat from making false accusations and the two firms from broadcasting Mr Somkiat's comments.
Lawyer Vanij Pinthavanit told the court Mr Somkiat's comments provoked hostility and hatred towards his client and his family.
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By Rajesh Kumar, Section Bangkok News
Posted on Mon Jul 21, 2008 at 08:26:08 PM EST
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Business closures up 22 per cent in Thailand
Bangkok - The number of Thai companies that were forced to close down during the first half of this year nearly hit 7,000, up 22 per cent compared with the same period in 2007, news reports said Tuesday.
Altogether 6,899 companies were shut down in the January to June period, with 1,681 firms closing in June alone, according to figures released by the Business Development Department.
Thai firms are facing a myriad of challenges this year including rising oil prices, an inflation rate that reached 8.9 per cent in June, a slow down in consumption and growing political instability that has affected foreign investment.
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By Rajesh Kumar, Section Business
Posted on Mon Jul 21, 2008 at 08:13:33 PM EST
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Thai-Cambodia in military standoff
PREAH VIHEAR, Cambodia - Cambodia is seeking regional intervention in its territorial dispute with Thailand after talks between the two neighbors failed to end a military standoff around an ancient cliff-side temple, officials said Tuesday.
In his letter to Singapore`s Foreign Minister George Yeo late Monday, Hor Namhong asked that the group comprise the foreign ministers of Singapore, Indonesia, Vietnam and Laos.
The ASEAN foreign ministers are holding their annual meeting in Singapore this week.
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By Rajesh Kumar, Section News
Posted on Mon Jul 21, 2008 at 08:10:20 PM EST
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Among world cities, Bangkok named No. 1
NEW YORK - NEW YORK -- Savannah, Ga., has made it onto Travel + Leisure's list of top 10 cities in the U.S. and Canada for the first time, according to the results of a magazine reader survey.
The list was topped by New York for the eighth consecutive year, followed by San Francisco, Chicago, Charleston, S.C., and Santa Fe, N.M. Next were three Canadian cities, Quebec City, Montreal and Vancouver, with Savannah ninth on the list and the British Columbia city of Victoria at No. 10.
Among world cities, Bangkok was named No. 1, followed by Buenos Aires; Cape Town, South Africa; Sydney, Australia; Florence, Italy; Cuzco, Peru; Rome; New York; Istanbul, Turkey, and San Francisco.
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By Rajesh Kumar, Section Bangkok News
Posted on Sat Jul 19, 2008 at 11:10:39 PM EST
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Thai teens seeking sex changes grapple with new rules
BANGKOK (AFP) -- Valee Pancharoen watched her son transform as he became a teenager, first painting his nails, then wearing a wig and, finally, the dresses he had been wearing for years but hiding from his parents.
Now 18, Ponchalearm's changes are all the more striking as he sits, slim and ladylike in a top of white satin and black lace, next to his stern and athletic twin brother.
Ponchalearm's aunt absent-mindedly runs her fingers through his waist-length auburn hair extensions as the family quietly discusses whether Ponchalearm is ready for a sex change operation.
"It's my life and I've decided that I must do it before university," Ponchalearm says. "I feel happy, it's fun, I can express myself as I want. I'm lucky I have friends who understand me."
As he speaks, his mother softly cuts in to express her concern that he is too young to understand the long-term consequences of his decision.
"Let's consider this, you're still too young," she says. "I want him to take time to grow up a bit."
For two years Ponchalearm has yearned for the operation and at 18 he has reached the age at which, under a new Thai health regulation, he can legally make the decision himself.
The regulation was introduced in April after health authorities became alarmed by stories and the subsequent public debate about underage boys seeking -- and receiving -- castrations as the first step toward gender reassignment surgery.
Some gay activists and parents worried about potential side effects of the operation on bodies that are still growing believe the age at which youths can independently make the decision to be castrated should be raised to 20.
"They're trying to do everything to make themselves look like a real woman," said Nathee Teerarojanapong, head of the Gay Political Group of Thailand.
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By Rajesh Kumar, Section Diaries
Posted on Sat Jul 19, 2008 at 11:06:24 PM EST
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Three killed in Thai Muslim south after "ceasefire"
BANGKOK (Reuters) - Militants fired on an army outpost and killed three villagers in separate attacks in Thailand's restive Muslim south, police said on Sunday, days after an unknown rebel group declared a ceasefire.
One soldier was wounded when a grenade exploded at the outpost late on Saturday in Pattani, one of three southernmost provinces where more than 3,000 people have been killed in separatist attacks since 2004.
Also in Pattani, three Muslim villagers were shot dead by suspected militants, police said.
Thai authorities feared a spike in violence after the unknown Thailand United Southern Underground announced a "ceasefire" last week that was dismissed by army officials and security experts who said its leaders had no influence in the region.
The Thai army identified the group's leader as Malipeng Khan, a separatist active in the 1980s who had failed to unify insurgent factions in the region annexed by predominately Buddhist Thailand a century ago.
Since the latest violence erupted in 2004, the shadowy rebels have never revealed themselves publicly or claimed responsibility for the near daily gun and bomb attacks in the rubber-producing region bordering Malaysia.
Thai media attention has focused on Chettha Thanajaro, a former defense minister and leader of a minor party in Thailand's coalition government, who announced the "breakthrough" on Thursday after a year of talks with 11 separatist groups.
"It was somewhere between a cheap political ploy aimed at putting pressure on the Malay Muslim insurgents in the deep south, or a desperate bid for free publicity," the Nation newspaper said in an editorial on Friday.
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By Rajesh Kumar, Section News
Posted on Sat Jul 19, 2008 at 11:05:01 PM EST
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Cambodia: Little hope for Thai talks
By SOPHENG CHEANG
Associated Press Writer
PREAH VIHEAR, Cambodia (AP) - Cambodia has informed the U.N. Security Council that Thai forces have violated its territory near an ancient World Heritage Site temple where hundreds of troops continued to face off Sunday.
Cambodia's permanent mission in New York submitted a letter to the chairman of the Security Council and the chairman of the General Assembly to ``draw their attention to the current situation on the Cambodian-Thai border,'' Information Minister Khieu Kanharith said.
``Cambodia is not asking for U.N. intervention. We still stick to Prime Minister Hun Sen's instructions to try to solve the problem peacefully between the two sides,'' the minister told reporters in the Cambodian capital, Phnom Penh.
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By Rajesh Kumar, Section News
Posted on Sat Jul 19, 2008 at 11:01:40 PM EST
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World Bank says Asian cities at risk
Achara Ashayagachat
The World Bank has urged Asian cities to come up with climate resilient programmes to safeguard people from natural hazards triggered by climate change and rising sea levels.
Coastal cities in Burma, China, Thailand and Vietnam are among the most vulnerable to rising sea levels, disaster response and climate change experts told a seminar on climate change impact reduction held by the World Bank in Pattaya this week.
Extreme weather caused by climate change has threatened many Asian cities and could undercut economic progress in the region, they said.
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By Rajesh Kumar, Section International News
Posted on Sat Jul 19, 2008 at 07:11:57 AM EST
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