Press Articles

The EU has invited researchers to apply for the first part of its biggest-ever research funding programme, Horizon 2020, marking a major milestone for Europe as it seeks to create the jobs it needs to grow its way out of the financial crisis.

MILAN — Fiat said Wedneday it had signed an agreement to buy the remaining 41.46 percent stake it does not own in Chrysler Group from the United Auto Workers VEBA Trust, the last step needed before the Italian and U.S. carmakers can merge.

Early Election Chaos A total of 440,000 people nationwide could not cast their advance votes on Sunday as a total of 89 constituencies out of 375 have been closed according to the Election Commission (EC).

The Industry Ministry has issued industrial manufacturing licenses to 5,222 operators in 2013. Permanent Secretary Witoon Simachokedee said that their total investment, excluding land cost, is Bt474 billion. The investment creates 173,085 new jobs. Download latest BOI investment statistics here.

The local automotive market is expected to receive a shot in the arm next year after Prime Minister Yingluck Shinawatra dissolved the House and called a general election. “The elections will definitely spur demand for vehicles, particularly for pickup trucks and motorcycles,” said a source from the Federation of Thai Industries (FTI).

The competition and declining use of traditional voice and text services will lead to lower margins for most Southeast Asian telecom firms next year, but data demand growth will generally outpace margin decline, so cash generated and credit metrics will be broadly stable or slightly improve, except in Thailand, where large investment will increase leverage, according to Fitch Ratings.

EADS today presented a restructuring plan for its future Airbus Defence and Space Division (Airbus DS) to the European Works Council. This presentation follows a decision by the EADS Board of Directors in July this year to consolidate the defence and space businesses of the Group into one new Division and to rebrand EADS into “Airbus Group”.

Two of Eurocopter’s newest members in its twin-engine helicopter family – the next-generation EC175 and evolved EC145 T2 – are coming to Asia for a three-week demonstration tour with operators in the oil and gas, VIP, corporate, charter, military and law enforcement segments. During the December 2-19 tour, Malaysia and Thailand will be visited by the EC145 T2 and EC175, with Vietnam also on the EC175’s schedule. During the trip, Eurocopter will underscore the strategy of being in close proximity with its customers around the world, which is particularly important for the highly-demanding oil and gas sector.

Small businesses across the UK, Republic of Ireland, Germany, Italy, Spain and the Czech Republic have thrown off their austerity shackles and are forecasting growth over the next two years, a report has found.

Siemens Energy has received orders for a total of 20 SGT-800 industrial gas turbines from Thailand. The turbines will be used in various combined cycle cogeneration power plants within the country.

Pharmaceutical issue pressed after activists’ protest Thailand has proposed increased cooperation in research and development with the European Union, as well as transfers of technology in the pharmaceutical sector to help improve the standards of the Thai drug industry.

Thailand’s growth was slower than economists estimated in the first quarter as exports cooled, boosting the case for the central bank to cut interest rates.