Posts Tagged ‘trade’

SET index drops 3.84 points

Sunday, January 31st, 2010

The Stock Exchange of Thailand (SET) composite index went down 3.84 points or 0.56% to close at 685.88 points at the end of trading session on Friday morning. The trade value was 6.75 billion baht.

The SET50 index ended at 482.56 points, down 2.98 points or 0.61%, with a total trade value of 5.45 billion baht. The SET100 index fell 6.66 points or 0.64% to stand at 1,036.40 points, with a total turnover of 6.03 billion baht. The MAI index went down 0.69 points or 0.33% to close at 207.50 points, with total transaction value of 59.60 million baht.

Top five most active values were as follows;

PTTEP closed at 130.00 baht, down 1.50 baht (1.14%)
BANPU closed at 520.00 baht, down 10.00 baht (1.89%)
PTTCH closed at 83.75 baht, up 1.25 baht (1.52%)
PTT closed at 219.00 baht, down 1.00 baht (0.45%)
SCB closed at 78.25 baht, down 1.25 baht (1.57%)

Breakiing News, Bangkok Post 29/01/2010

Asean to expand trade routes

Sunday, October 25th, 2009

Thailand and China agreed to press on with the logistics project to develop and expand trade linkages in Southeast Asia and southern China.

“Thailand is interested to invest in logistics with other Asean member countries with the financial assistance from China,” Commerce Minister Porntiva Nakasai said after meeting China’s Commerce Minister Chen Deming at the 15th Asean Summit in Hua Hin on Saturday.

The first trade linkage will connect Da Nang, Trat, Mae Sod and Malamang. The second route will link Kanchanaburi and Dawei, where there will be a seaport connecting Asean, China and India. The third route will cover Yunnan, Bangkok and Singapore.

Mrs Porntiva said the Chinese government was ready to support the 15-billion-dollar China-ASEAN loan package for this project under the Greater Mekong Sub-region (GMS).

“Thailand has proposed many routes and it is necessary for Asean to know if different member countries involved in the project agree with the plan or not.

“We’ll see which routes are worth the investment. We have to ensure t hat the standard of construction will be consistent,” the minister said.

The China-Asean loan package will not cover the routes to be constructed in China, as the country already has its own funding.

Thailand and China also agreed to expand their bilateral economic and trade cooperation. Both sides will come up with a five-year plan by next month, the minister said.

On the new requirement imposed on fruit exports to China, she said the Chinese government agreed to reconsider Thailand’s request for China to extend its sanitary standard certification for Thailand from six months to one year.

The Bangkok Post

Asean to study free trade pact

Sunday, October 25th, 2009

East Asian nations are to carry out a feasibility study for a huge free trade zone, officials said at a summit Saturday, as the region tries to sustain its rebound from the global crunch.

Leaders of the 10-member Association of Southeast Asian Nations (Asean), plus regional partners China, Japan and South Korea, would discuss details of the study at meetings in the Thai beach resort of Hua Hin, they said.

A separate study for a wider economic partnership also covering India, Australia and New Zealand would also be carried out in tandem, the officials said.

“We’re going to do this two-pronged, meaning in parallel,” Vitavas Srivihok, director general for Asean affairs at the Thai foreign ministry, told AFP.

“Right now Asean has bilateral free trade agreements with all six countries completely. Now we should explore a feasibility study both in the East Asia Free Trade Area and with (India, Australia and New Zealand),” he said.

Asia’s quick rebound from the global recession compared with the United States and other Western economies has prompted calls for the region to increase integration.

Japan’s new Prime Minister Yukio Hatoyama has made a proposal for an East Asian community and said in a newspaper interview published Saturday that it should aspire to lead the world.