PRESS DIGEST - Thai newspapers Oct 1
BANGKOK, Oct 1 (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
- Crisis prevention will figure prominently in the economic management of the Somchai Wongsawat government, which is preparing measures to cushion the fallout from the U.S. financial crisis (THE NATION)
- Thailand is well-insulated from the turmoil in the global financial markets, economic policymakers say (BANGKOK POST)
- Former Prime Minister Samak Sundaravej tendered his resignation as leader of the ruling People Power Party (THE NATION)
- Another 60 tonnes of milk powder imported from China by Dutch Mill Co kept at Samut Prakan port will be tested by the Food and Drug Administration due to possible contamination with melamine (BANGKOK POST)
- ASEAN wants to see peace and justice restored in Thailand prior to its leaders' meeting in Bangkok at the end of the year, Foreign Minister Sompong Amornwiwat said (THE NATION)
BUSINESS
- The Thai economy will enter a gloomy period for at least two years due to the impact of the financial crisis in the United States, executives at Charoen Pokphand CPF.BK said (THE NATION)
- Belgium-based Fortis Insurance International has confirmed that it has no plans to sell its 24.99 percent stake in Muang Thai Life Assurance, according to the presidents of the two local insurers (THE NATION)
- Korean Air (003490.KS) aims to increase the capacity of its flight between South Korea and Thailand from December, when it hopes Korean traveller confidence will have recovered from the effects of Thailand's political turmoil (BANGKOK POST)
** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and the Nation.
