PRESS DIGEST - Thai newspapers May 12
BANGKOK, May 12 (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
- Thailand will act as a mediator to help the movement of international relief supplies to Myanmar which are stuck in Thailand, Foreign Minister Noppadon Pattama said (BANGKOK POST)
- Thailand will not compromise with Cambodia in negotiations over land around Preah Vihear temple, which Phnom Penh wants to register as a Unesco World Heritage Site, Foreign Minister Noppadon Pattama said (BANGKOK POST)
- Prime Minister Samak Sundaravej and his cabinet have let down the public in their first three months in office, according to a survey and government critics (THE NATION)
- The Assets Examination Committee will review a report on suspected corruption in the purchase of CTX bomb scanners for Suvarnabhumi international airport (THE NATION)
- The Chart Thai party will abstain from voting for Chai Chidchob as the new House speaker because it is offended at the way it has been treated by the People Power Party (BANGKOK POST)
BUSINESS
- Sugar millers called on the government to liberalise the cane and sugar industry (THE NATION)
- PTT Aromatics and Refining PCL PTTAR.BK plans to close down production of ALliance Refinery Co in February next year, according to PTTAR president Chainoi Puankosoom (BANGKOK POST)
- The government is preparing tax measures to encourage people to use more alternative energy to reduce oil consumption, Finance Minister Surapong Suebwonglee said (BANGKOK POST)
- German engineering giant Siemens (SIEGn.DE) has submitted its proposal to the government to build electric trains in Thailand to serve the government's plan to develop Bangkok's rail network (BANGKOK POST)
- Operators of Bangkok's elevated train and subway have enjoyed a significant rise in ridership in recent months as motorists have switched to mass-transit trains to avoid skyrocketing oil prices (BANGKOK POST)
- Brokers recommended subscribing to Thai Tap Water Supply (TTW.BK)'s 1 billion baht initial public offering at the indicative price range of 4-4.5 baht, given its promising outlook and attractive dividend (THE NATION)
** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and Business Day.
