14 foreign firms approved
A committee of the Department of Business Development has permitted 14 foreign companies to operate in Thailand this month, up 6 per cent over the same period last year.
The companies’ investments have a total value of Bt1.2 billion and will employ 343 Thais collectively.
GH Bank loans up 13.75%
The Government Housing Bank says it approved new mortgages worth a total of Bt65.58 billion in the first half of the year – up 13.75 per cent on the same period last year.
As a result, the bank is confident it will achieve its new-mortgage target of Bt134 billion this year, its president Angkana Chimanat said.
SET seminar in Singapore
The Stock Exchange of Thailand, together with the Maybank Kim Eng Group, will highlight the strengths and effectiveness of the Thai capital market at a Singapore seminar tomorrow.
Through “Capitalising on Thailand Transformation – Recovery, Resilience, Reform and Re-Rating”, the country aims to attract more foreign retail investors, SET president Kesara Manchusree said.
It is the first time the SET has held a seminar on the capital market targeting Singaporean retail investors.
Manila may seek sanctions
The World Trade Organisation has said the Philippines can seek its approval to impose sanctions against Thailand over a tobacco-related dispute, a Southeast Asian journalists’ seminar in the Philippines has heard. A WTO official at the seminar said the organisation would allow the Philippines to do so because the country believed Thailand had not completed the implementation process and complied with the Dispute Settlement Body’s recommendations and rulings on the matter.
Thailand asserted during a DSB meeting on June 18 that it did not have to take any further action to implement the body’s recommendations and rulings.