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News in brief
THAILAND 2015 GDP SEEN AT 4.5% Credit Suisse increases its forecast for Thailand 2015 GDP to 4.5 percent from 3.9 percent because of recovery in tourism and better external demand. Tourism is expected to grow between 15 percent and 20 percent on the back of political stability. Tourism growth should add 1.5 percent to 2 percent to headline GDP growth, economist Santitharn Sathirathai says ...

Thailand Super Rich Join Post-Coup Basel III Rush: Asean Credit
Thailand’s millionaires are helping their military leaders revive lending as legal and political certainty spurs the super-rich to buy riskier bank debt.

Filipino, Swedish arrested in credit card, ATM fraud in Thailand
MANILA, Philippines---A Filipino and a Swedish national were arrested in Thailand for allegedly stealing about 10 million baht (about P13 million) using fraudulent credit and ATM cards, the English daily Bangkok Post reported. The suspects, Martin Philip Javellana Magno, 31, and Per Johan Robin Bentley, 29, previously operated in the Philippines and South Korea, the report said. Police ...

Thailand expects border trade surplus with Myanmar
Thailand is expected to post a border-trade surplus with Myanmar within two years as that country welcomes flows of trade and investment, and its growing economy leads to greater purchasing power. ...

Annual elephant polo tournament kicks off in Thailand - video
Elephants from across Thailand compete in the Annual King's Cup Elephant Polo Tournament. The event is organised by a charity aiming to provide working elephants with medical attention and the ...

BOT upbeat on H2 credit growth
The Bank of Thailand (BOT) said credit expansion in the second half of the year could be greater than in the first half because of the apparent recovery of the economy, while Special Mention (SM) loans have slightly increased from the previous quarter with the potential to continue increasing in the next quarter.

Pachyderms Play Polo to Raise Money for Elephants
SAMUT PRAKAN, THAILAND- Polo, the ancient team competition typically played on horseback, is known as the "sport of kings." However, the royal version for one annual event, now underway in Thailand ...

Military government extends tourist length of stay in Thailand to 48 nationalities
BANGKOK, Thailand - The Thai military government wants to speed up Thailand's tourism recovery. The new military government formed under the commandment of General Prayuth Cha-Ochan - who is now ...

Edible insects a boon to Thailand’s farmers
Chalong Prajitr, 57, feeds crickets at a farm in Thanon Nang Klarn village in Nakhon Ratchasima province, northeastern Thailand, Aug. 5, 2014. Chalong's family is one of 30 in this village ...

Singapore overtakes Bangkok as biggest Asian destination
Despite significant softening in hotel occupancy and average daily rates, number of room nights booked in Singapore with GTA rises +35% in first six months of 2014 with bookings by Chinese travelers ...

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