PRESS DIGEST - Thai newspapers - Nov 11
BANGKOK, Nov 11 (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
- Thailand has asked the Cambodian authorities to arrest former Prime Minister Thaksin Shinawatra following his arrival in Phnom Penh. (BANGKOK POST)
- Thaksin received a warm welcome on his arrival in Phnom Penh to serve as an economic adviser to Cambodian Prime Minister Hun Sen (THE NAITON)
- The People's Alliance for Democracy called for a mass rally at Sanam Luang on Sunday in a show of force to "protect the country's integrity and protest against ex-premier Thaksin". (THE NATION)
- The cabinet endorsed Prime Minister Abhisit Vejjajiva's decision to scrap a 2001 memorandum of understanding with Cambodia signed by then-premier Thaksin, in which the countries stated their intention to jointly develop an overlapping area in the Gulf of Thailand (THE NATION)
- Thaksin has sent a protest letter to the Times of London, saying he was "extremely disappointed" with the misleading, damaging way his interview with the newspaper was reported (BANGKOK POST)
BUSINESS
- Chinese investors are expected to join with Thai partners in investments worth up to $1 billion following a visit by a business delegation from Guangdong province, according to the Board of Investment (BANGKOK POST)
- Thailand and Peru will boost trade significantly next year after inking a free-trade agreement during the Asia-Pacific Economic Cooperation Summit this Friday (THE NATION)
- A new kind of mobile price war might break out following the commercial launch in Bangkok of 3G mobile virtual network operator services by five prospective operators in the first week of December (BANGKOK POST)
- Construction-service provider Capital Engineering Network CEN.BK fears it will be blocked from bidding for projects in Cambodia following the diplomatic dispute, which the Board of Investment says has affected Thai investment there. (THE NATION)
- Charoen Pokphand Foods CPF.BK, the flagship of Charoen Pokphand Group, has mapped out a five-year business restructuring plan to reduce its dependence on farm business (BAGNGKOK POST)
- Thai Airways International THAI.BK plans to spend 5 billion baht ($150 million) to upgrade seating and in-flight entertainment and another 1 billion baht on its information-technology system (THE NATION)
- Precious Shipping PSL.BK expects its financial results to weaken in the final quarter and next year unless it acquires another second-hand ship (BANGKOK POST)
- Property firm Preuksa Real Estate PS.BK has set aside nearly 8 billion baht for the purchase of 50 plots of land, construction of a prefabrication plant and investment in the Maldives next year, President and CEO Thongma Vijitpongpun said (THE NATION) ($1=33.30 Baht) (Bangkok Newsroom +66 2648 9721, e-mail: bangkok.newsroom@reuters.com)
