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GSB mobilises deposits
The Government Savings Bank plans to mobilise deposits of Bt170 billion to back the Bt2-trillion government infrastructure programme, said its president Voravit Chailimpamontri.
Starting in the second quarter, the bank will mobilise deposits of at least Bt60 billion through four campaign products.
The bank grants loans of Bt80 billion to Bt90 billion per year to the government, or around 30 per cent GSB’s total portfolio. However, it expects the programme to swell the demand for loans to between Bt300 billion and Bt400 billion per year.
Corn duties eyed
Thailand has renewed its bid to have the European Union end the anti-dumping duties imposed since 2007 against Thai sweet corn.
Surasak Reangkhrua, deputy director-general of the Department of Foreign Trade, said a delegation dispatched to Europe early this month might have succeeded in persuading the EU to abolish the anti-dumping duties. He said the UK and Germany supported their abolition.
‘NiHao’ magazine
Access China Communications will launch NiHao magazine on August 8 as Thailand’s only definitive Chinese-language travel and business guide promoting investment and all tourism-related businesses in the Kingdom.
Japanese invest
The Board of Investment expects applications from Japanese investors for tax privileges this year of around Bt374 billion, the same as last year, mostly from automotive and electronics businesses.
Low reserves
Thailand expects new natural-gas discoveries of only 3 billion to 5 billion cubic feet and 10 million to 20 million barrels of crude oil from 22 petroleum-exploration fields to be put up for auction soon, according to Natural Fuels Department director-general Songpop Polachan.
