• 
• 

Published on July 19, 2007

Director Thanawat Phonwichai said businessmen agreed that another rate cut would not only quickly help stop the baht from appreciating further, but also lower costs for manufacturers.

"The trimming of 0.75-1 per cent from the policy rate will not fuel inflation, which should be under control by the government at 2.5 per cent this year," he said. - The Nation

Aid for shrimp

To arrest falling shrimp prices due to oversupply, the Farmers Assistance Measurement Policy Committee said yesterday that it would use about Bt300 million for a three-month Vannamai shrimp-pledging programme, starting next month.

Commerce Ministry spokesman Krisda Piampongsant said the project aimed to assist small and medium-sized shrimp farmers by restricting each one to pledging shrimp worth no more than Bt2 million. The pledging price will be 10-20 per cent higher than the market price. The pledging price for big-sized shrimp will be Bt140 per kilogram, for middle-sized shrimp Bt120, and for small-sized shrimp Bt105. - The Nation