The United Arab Emirates has awarded a 20.4-billion-dollar contract to build four nuclear power plants to a South Korean-led consortium, the Emirates Nuclear Energy Corporation said Sunday.
Doing business in Thailand
The performance of Thailand’s telecommunications sector has come a long way in the last decade, particularly in terms of availability and use of affordable telephone service and growth of internet access. The telecommunications sector in Thailand is dominated by mobile communications. There are about 43 million mobile subscribers versus approximately 7 million fixedlines. Furthermore, growth in the mobile market remains strong compared to the fixed market, which is stagnant. Broadband network infrastructure is growing rapidly; however, it is still insignificant.
The government also uses tariff measures as a tool to promote energy policy. To encourage the use of natural gas as an alternative fuel for vehicles, the government has exempted import duties of many natural gas-related tools and equipment such as bio-fuel conversion kits, natural gas containers, and chasses.
Externally, the trade balance in January 2009 recorded a 1,688 million US dollar surplus. Export value contracted for the third consecutive month while import fell even more rapidly. Export value dropped 25.3 percent (yoy) to 10,382 million US dollars. This was due mainly to contraction across the board except for labour-intensive industries which still expanded from gold export. Import value contracted 36.5 percent (yoy) across the board to 8,694 million US dollars. When accounting for the net services, income, and transfers surplus of 601 million US dollars from lower investment income transfer compared to the previous month, the current account balance registered a 2,289 million US dollar surplus.
Revenue has fallen well below target during FY2009 as the domestic recession eroded government income from sources such as import duties and value- added tax. Parliament in June passed emergency legislation authorizing additional government borrowing beyond limits set under the budget law and it approved new debt issues of up to B800 billion. Monetary stimulus came from aggressive reductions in interest rates by the Bank of Thailand: from the start of December 2008 to April 2009 it lowered its policy rate by 250 basis points to 1.25%.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
Covid-19 and food security: can emerging economies mitigate rising prices?
The Food Price Index, established by the UN’s Food and Agriculture Organisation (FAO) to track monthly changes in international food prices, rose for the eighth consecutive month in January, primarily as a result of Covid-19.
An increase in food prices following the coronavirus pandemic has intensified concerns related to global food security. For emerging markets, this has further underlined the importance of regional cooperation and innovative solutions to help overcome the challenges.
First group of foreign tourists completes 14-day Golf Quarantine in Thailand
Thailand’s golf quarantine was created in line with the government’s strict COVID-19 prevention and control measures that required golfers to...
Thailand ranked 3rd in ASEAN on Economic Freedom Index
Thailand has a business freedom index of 85.3 out of 100. This is a big improvement over last year, which...
Finance Ministry Considers Additional Incentives to Increase NSF Members
Loading... BANGKOK (NNT) – The Finance Ministry is considering additional incentives to increase members in the National Savings Fund (NSF)...
Why Thai Firms Should Care About the Career Stage of China’s Officials
In Chinese bureaucracy, large-scale leadership turnover happens every five years, right on the heels of the Party’s National Congress: think...
ASEAN, China reaffirm commitment to strong partnership
The implementation of the new Plan of Action for the period 2021-2025, which is designed to further strengthen ASEAN-China cooperation...
Thailand sees gradual return of events and festivals
The Tourism Authority of Thailand (TAT) would like to provide an update regarding the gradual return of events and festivals...
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