PRESS DIGEST - Thai newspapers on June 2
BANGKOK, June 2 (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
- One day after pushing the country to the brink, Prime Minister Samak Sundaravej saw his own future on the line with enemies and allies seriously scrutinising a judgement that could plunge the nation into a political abyss (THE NATION)
- The People's Alliance for Democracy is urging four coalition parties to withdraw from the government and has stepped up its call for Prime Minister Samak Sundaravej to resign if he wants the group to end its protest (BANGKOK POST)
- The government will have to urgently brainstorm with all stakeholders to prepare for an early launch of E85 gasohol in the local market (THE NATION)
- Government and private-sector enterprise as well as their employees are taking steps to cope with rising office expenses and the cost of living driven by record oil prices (THE NATION)
- The Assets Scrutiny Committee hopes its inquires against the Thaksin administration set a precedent for scrutiny of corruption and abuse of authority (BANGKOK POST)
- Asia will become the centre of the world within 25 years and Europe cannot afford not to have a stake in the region, the French defence minister said (BANGKOK POST)
BUSINESS
- The Commerce Minstry will today announce the inflation figure for May, which is expected to be above the two-year high of 6.2 percent seen in April (THE NATION)
- A rapid rise in oil prices to $150 per barrel would have a profound impact on consumer confidence and inflation, warned Finance Minser Surapong Suebwonglee (BANGKOK POST)
- The Thai Investor Association plans to petition the government to cease intervention policies in the energy sector (BANGKOK POST)
- To boost Thai exports, Commerce Minister Mingkwan Sangsuwan announced tighter cooperation with two French retail groups to stage trade fairs in France and around the world (THE NATION)
- Eastern Commercial Leasing has warned that the leasing industry is set to slow in the second half due to soaring oil prices and seasonal factors (BANGKOK POST)
- The bond market would become livelier if the government issued bonds less frequently but made each tranche bigger, Nattapol Chavalitcheevin, president of the Thai Bond Market Association, said (THE NATION) ** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and The Nation. ($1=32.43 Baht)
