LATE NEWS
Borrowing : Public debt jumps to 41 per cent of GDP
Public debt rose in May by Bt19.8 billion to Bt3.3 trillion, equivalent to 41.6 per cent of the country's gross domestic product.
Direct borrowing by the government accounted for Bt1.9 trillion of outstanding public debt, while non-bank state enterprise debt amounted to Bt1 trillion. The remaining Bt282.3 billion was owed by the Financial Institutions Development Fund. The month saw direct borrowing by the government increase Bt16.1 billion and non-bank state enterprise debt growing by Bt22.2 billion, while the FIDF's debt declined by Bt18.55 billion.
Bot symposium : Seminar to focus on Kingdom's role The Bank of Thailand will hold its annual symposium August 9-10 at the Shangri-La Hotel. The theme this year is "Positioning Thailand in the New Asian Economy". Six papers will be presented, including "The Rise of the New Asian Economy", "Thailand in the New Asian Economy: the Current State and Way Forward" and "Strengthening the Competitiveness of Thai Firms: What Needs to be Done?". The other subjects are "The End of the Low Oil Price Era: Lessons and Challenges for Thailand's Energy Strategy", "Human Capital Policy: Building a Competitive Workforce for 21st Century Thailand" and "The Role of Financial Integration in East Asia in Promoting Regional Growth and Stability". A special seminar on "Thailand and its Moving toward a New Asian Economy" will be offered too. Mobile phone business : DTAC's profit spurts in second quarterTotal Access Communication (DTAC) posted a net profit of Bt1.2 billion in the second quarter, an increase of 11.3 per cent from the same quarter last year but a decline of 6.4 per cent from the previous quarter. Service revenues were Bt11.3 billion, up 8.2 per cent from last year, according to a DTAC's press release issued yesterday. DTAC gained 799,162 net new customers, bringing the total number of customers to 10.6 million.
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