PRESS DIGEST - Thai newspapers on June 10
BANGKOK, June 10 (Reuters) - These are some of the leading stories in Thai newspapers on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
TOP STORIES
- State enterprise labour unions are considering joining the anti-government People's Alliance for Democracy's civil disobedience campaign by halting water, electricity and bus services (BANGKOK POST)
- A total of 61 senators have submitted a motion to grill the government over its failure to tackle economic problems and a host of other pressing issues (THE NATION)
- The government is preparing to give low income people coupons to buy food and other basic necessities to lessen the impact of rising fuel and food prices (THE NATION)
BUSINESS
- The Bank of Thailand has seen evidence of speculation in the baht by some non-residents, which is partly responsible for the currency's rapid depreciation, far more than economic fundamentals would dictate (THE NATION)
- Rice exporters and traders criticised the government's rice policy of imposing a record pledging price of 14,000 baht ($424) a tonne, calling it a backtracking strategy that would lead to market distortions (THE NATION)
- HSBC (HSBA.L) and Standard Chartered Bank (STAN.L) along with Malaysia's CIMB Group are among potential bidders for a 42 percent stake in BankThai PCL BT.BK, industry sources said (BANGKOK POST)
- Thailand's property sector still has good prospects for domestic and foreign investors who are negotiating to acquire land and buildings worth up to 20 billion baht, according to international property consultants CB Richard Ellis (THE NATION)
- The chance of failure for condominium developers in Bangkok has grown to almost 50 percent as competition heats up amid a glut of fresh supplies, Aquarius chief Yongyuth Chaipromprasert said (THE NATION)
- Civic groups plan to draft an alternative version of the planned amendment to the Patent Act to prevent "evergreening patents" by multinational drug companies (BANGKOK POST)
- Bank of Ayudhya BAY.BK plans to maintain its growth targets despite growing concerns about economic stability (BANGKOK POST)
- Despite concerns over the current political strife, the Tourism Authority of Thailand remains confident that the number of medical tourists would reach at least 1.4 million this year (BANGKOK POST) ($1=33.03 Baht)
