Trade deficit continues to fall
The Kingdom's year-on-year trade deficit plummeted 73.7 per cent to US$2.02 billion (Bt76.67 billion) in the first half of the year, thanks to a significant increase in exports and a slight decrease in fuel imports, the Commerce Ministry said yesterday.
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PERSONALITY
Architect grandson to build on Seefah founder's legacy
Korn Rachjaibun, a third-generation restaurateur of the Rachjaibun family, carries on his recently deceased grandfather's dreams and hopes to industrialise the family-owned restaurant chain into a diversified food business ranging from conventional and quick eats to frozen foods, catering and microwave chow.
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STREET WISE
MAS adds flights to Thailand
Malaysia Airlines (MAS) will add another daily flight on its Bangkok-Kuala Lumpur and Phuket-Kuala Lumpur routes from August 1, Bernama news agency reported yesterday.
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International test flight set
Thai Airways International Plc (THAI) has confirmed it will schedule an inaugural international flight to Suvarnabhumi Airport on September 1.
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Egat says cost cuts keep FT from rising
The Electricity Generating Authority of Thailand (Egat) has confirmed that the fuel tariff (FT) for the four-month period starting from October will not be raised, as measures are in place to reduce fuel costs by Bt4 billion.
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Market rebounds on poll news
Shares yesterday shot up 2.5 per cent on hopes for an end to the political crisis after His Majesty the King approved October 15 as the general election date.
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Decision on shrimp curb soon
The United States will decide by early August if it will stop charging Thai shrimp-exporters a bond on shipments.
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Phuket eyes medical tourism
Bangkok Hospital Phuket is spearheading the move into the lucrative health and wellness sector in Britain through plans to market its services there with support from the Tourism Authority of Thailand
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Major push planned for Thai fruit sales in China
The Commerce Ministry is planning to use a Thai-owned supermarket chain in China to triple the growth of Thai fresh fruit exports within the next three years.
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Cut in repo rate 'likely by middle of 2007'
The Bank of Thailand (BOT) is expected to cut its policy-signal 14-day repurchase interest rate in the second quarter of next year in a bid to boost the economy, Supavud Saicheua, managing director of Phatra Securities Plc, said yesterday.
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IN BRIEF
Protectionism :European Union hikes import duty on Thai and Chinese plastic bags
EU retailers face the prospect of paying more for plastic bags including carrier, bin and nappy bags sourced from China and Thailand following an EU decision on Thursday.
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