Monday, 24 February 2014

Baht down on political violence and more business news

The baht fell 0.3% to 32.615 per US dollar as of 8.37 am in Bangkok, according to data compiled by Bloomberg. It has dropped 4.6% since the protests began on Oct 31.

The Finance Ministry’s new plan to borrow funds to pay rice farmers through an auction of promissory notes worth 100 billion baht this Thursday will likely fail, as open bidding is scheduled on the sameday that caretaker Prime Minister Yingluck Shinawatra must answer the charge of dereliction of duty in the rice pledging scheme 

Thailand Post parcel post at 7-Eleven.  up to 49 7-Eleven stores will offer what it calls the Easy Pack service across Greater Bangkok initially. Three delivery packages will be offered for services priced 109, 139 and 199 baht a box.

Domestic car sales hit a 25-month low in January, as the political impasse and late payments to farmers under the rice-pledging scheme weakened potential buyers’ spending.

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