PRESS DIGEST - Thai newspapers May 14
BANGKOK, May 14 (Reuters) - These are some of the leading stories in Thai newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
TOP STORIES
- The government decided to push back the ASEAN Summit with six dialogue partners to either July or October after running into rescheduling difficulties for next month (THE NATION)
- The Public Health Ministry says it will control the anti-viral drug recommended to treat the type A (H1N1) influenza virus to avoid problems with drug resistance (THE NATION)
- Foreign Minister Kasit Piromya dismissed Cambodia's demand for compensation for damage to a market in front of Preah Vihear temple during a border skirmish in April (THE NATION)
- Incendiary political content on community radio and satellite TV stations will be banned under proposed regulations issued by the National Telecommunications Commission (BANGKOK POST)
BUSINESS
- The first-quarter earnings of major listed hotel companies plunged by an average of more than 70 percent from a year earlier; the depressed state of the sector is expected to worsen in the current quarter and until the high season returns in the final three months of the year (THE NATION)
- Thailand's food exports are expected to remain in good shape despite the global economic crisis, with shipments estimated at 780 billion baht ($22.6 billion) this year, driven by frozen processed chicken, frozen shrimp and processed fruit and vegetables, officials say (BANGKOK POST)
- Truck maker Mitsubishi Fuso said it would wind down its Lat Krabang assembly plant and lay off 150 workers by the end of the year (THE NATION)
- Indian car maker Tata Motors (TAMO.BO) may reconsider its eco-car investment unless the government allows eco-car producers to manufacture fewer than 100,000 units in their fifth year of production (BANGKOK POST)
- Prime Minister Abhisit Vejjajiva has put the brake on the Commerce Ministry's plan to auction mortgaged corn stock worth more than 2 billion baht (BANGKOK POST)
- Property developer Central Pattana CPN.BK will revise investment plans for delayed projects worth at least 10 billion baht by mid-June in reaction to early signs of improvement in the local economy and a calmer global outlook (BANGKOK POST)
- Charoen Pokphand Foods CPF.BK, Thailand's largest agro-industrial and food conglomerate, saw its net profit soar 71 percent in the first quarter of this year thanks to improving gross margins and lowr raw material prices (BANGKOK POST) ($1=34.52 Baht)
** Looking for more information from local sources? Factiva.com has eight Thai sources including Bangkok Post and the Nation. (Bangkok Newsroom +66 2648 9729, e-mail: bangkok.newsroom@reuters.com)
