Briefs
Airports of Thailand's board meeting yesterday approved (AOT) privileges for airlines' relocation to Don Mueang Airport in a bid to reduce flight congestion at Suvarnabhumi Airport.
In the first phase, which is effective from August 1 to September 30, 2012, the landing and parking fee will be waived for 95 per cent of total fee. Fees on using ramps, checkin counters, office rents and flight announcement are also exempted. This will be effective fro
For the second phase, the landing and parking fees would be waived at 30 per cent AOT during October 1, 2012 and September 30, 2013; at 20 per cent from October 1, 2013 to September 30, 2014; and at 10 per cent from October 1, 2014 to September 30, 2015.--The Nation
The value of Thai exports under Generalised System of Preference (GSP) privileges dropped slightly by 0.69 per cent to US$3.6 billion in the first quarter this year due to lower export growth.
The Foreign Trade Department reported yesterday that export under GSP was worth 62.32 percent from the total export value worth $5.89 billion that Thailand got export privileges from western countries. Surasak Riangkrul, deputy directorgeneral urged Thai exporters to reap up maximum benefit from GSP in order to increase their competitiveness with other countries.Countries That Thai get higher GSP benefits are from the European Union accounted by 57.53 percent from the total export under GSP, following to Turkey, and Switzerland.The Nation
Myanmar has signed a raft of oil exploration deals with foreign companies, state media reported Wednesday, as the reformist government seeks overseas investment to spur economic development.
Stateowned Myanma Oil and Gas Enterprise has inked nine agreements since early March to allow firms from Asia and Europe to explore for oil and natural gas, the Myanmar Ahlin newspaper reported.
"It was the first time in the history of Myanma Oil and Gas Enterprise to sign nine agreements within such a short period," the report said, without giving financial details.
"More significantly, Myanmar national companies were involved in all nine agreements as partners," it added.
The firms are EPI Holdings of Hong Kong, Geopetro International Holding of Switzerland, Petronas of Malaysia, Jubilant Energy of India, PTTEP of Thailand, Istech Energy of Indonesia and CIS Nobel Oil of Russia.
The report said the energy ministry had decided in principle to grant licences to foreign companies to invest in Myanmar only if they cooperate with domestically owned firms.AFP
