Reuters AlertNet Lite - PRESS DIGEST - Thai newspapers July 25

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PRESS DIGEST - Thai newspapers July 25

25 Jul 2007 02:09:25 GMT
Source: Reuters

BANGKOK, July 25 (Reuters) - These are some of the leading stories in Thai newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

TOP STORIES

- Prime Minister Surayud Chulanont led cabinet members to the residence of Privy Council President Prem Tinsulanonda to "apologise for failing to take good care of him" after anti-coup demonstrators clashed with police outside his home on Sunday (THE NATION)

- The Criminal Court has found The Nation newspaper guilty of defaming ousted prime minister Thaksin Shinawatra in a front-page report on March 20 last year (THE NATION)

- The United Front of Democracy Against Dictatorship (UDD) is carrying out its actions with the obvious intention of damaging the highest institution, Prime Minister Surayud Chulanont said. (BANGKOK POST)

- The financial markets shrugged off the government's new measures to ease the upward pressure on the baht, which rose slightly against the US dollar on the release of strong June export figures and foreign inflows into the stock market (BANGKOK POST)

BUSINESS

- The Council of State plans to send the draft Retail Business Act back for revision because it believes the proposed law would not curb the aggressive expansion of retail giants, a source from the National Legislative Assembly (NLA) said. (THE NATION)

- South Korean auto-maker Hyundai has announced its re-entry into the Thai market with Hyundai Motor (Thailand) <005380.KS>, a joint venture between Japanese trading company Sojitz and Thai investors (THE NATION)

- Up-market hotel developer and restaurant company Minor International <MINT.BK> has announced details of what it says will be one of Bangkok's most exclusive hotels and Thailand's most expensive condominium, the St Regis Hotel and Residence Bangkok, on Rajdamri Road (THE NATION)

- Shares are likely to test the psychological level of 900 points on the Stock Exchange of Thailand <.SETI> Index either this week or next, following a sharp rally yesterday. (THE NATION)

** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and Business Day.

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Last updated:Wed Jul 25 02:09:48 2007