Reuters AlertNet Lite - PRESS DIGEST - Thai newspapers Feb 26

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PRESS DIGEST - Thai newspapers Feb 26

26 Feb 2007 01:35:42 GMT
Source: Reuters

BANGKOK, Feb 26 (Reuters) - These are some of the leading stories in Thai newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

TOP STORIES

- The government is wrong to think that in its role as an interim administration it only has to keep the country stable and not bother to "de-legitimise Thaksinocracy", prominent social critic Thirayuth Boonmi said (BANGKOK POST)

- Police are offering a 100,000 baht reward for information leading to the arrest of the killer of two Russian tourists at Jomtien Beach (THE NATION)

- A sculpture remembering victims of the Indian Ocean tsunami will be unveiled at Nopparat Thara National Park in Krabi province on Monday (THE NATION)

BUSINESS

- A bilateral free trade agreement could damage Thailand's attractiveness as an investment destination for Japanese high-technology auto-parts manufacturers with the introduction of a zero import-tariff rate, the Thai Auto-parts Manufacturers Association says (BANGKOK POST)

- Investment from Singapore to Thailand faced a dramatic drop of 88 percent in the first month of this year in light of various confrontations between the two countries, according to the Board of Investment (BoI) (BANGKOK POST)

- New power plants will be forced to pay a new energy tax to help finance community development, according to the Energy Ministry (BANGKOK POST)

- Restricted foreign ownership and a prohibition on lending to foreign property purchasers are obstacles to the growth of the Thai resort property market, according to the international real estate consultancy CB Richard Ellis (CBRE) (BANGKOK POST)

- To help Thai enterprises operating abroad, the Board of Investment is considering granting tax incentives, particularly tax breaks, on repatriated earnings, says executive investment adviser Vittaya Praisuwan (THE NATION)

- Chinese will be active participants in the next wave of foreign direct investment to Thailand due to Beijing's supportive policy, a senior official from the Board of Investment said last week (THE NATION)

- Credit-card numbers are expected to reach 11.8 million at the end of 2007. This would represent growth of 8.25 percent, a slowdown from the 9.46-percent expansion in 2006, Kasikorn Research Centre said in a recent report (THE NATION)

- A National Legislative Assembly committee looking at Suvarnabhumi problems will consider alleged contractual irregularities at the airport hotel (THE NATION)

- Nu Skin Enterprises (Thailand), a US-based direct-selling company, expects its sales to grow 10 percent from last year's 1.2 billion baht despite increasing political and economic uncertainty (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:Mon Feb 26 01:36:08 2007