Article Abstract:
Thailand will soon offer offshore-bankingservices with the approval of the plan to establish the Bangkok International Banking Facility. The facility hopes to extend loans to such countries as Laos,Myanmar, Vietnam and Cambodia. The Bank of Thailand, the country's central bank, is poised to grant to 15 commercial banks and 14 foreign banks with localbranches offshore-banking licenses. The central bank also is contemplating on giving licenses to foreign banks which do not have offices in Thailand. Tax incentives that will be provided by the facility include a 10% corporate incometax instead of the usual 30% and a 3.3% tax waiver on banking deals.
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Article Abstract:
Thailand's tissue-culture industry, which began as an orchid breeding technique, has become a lucrative business. Orchid growers are receiving more plants to be cloned into plantlets from breeders worldwide. The advantages of cloning over the normal reproduction of seeds include that it produces plants that are identical to the original plant, giving breeders the chance to clone only the best, and it hastens the plant's growth process. Tissue-culture methods are being tested by cloning laboratories on other plants as well.
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Article Abstract:
Thailand's Charoen Pokphand announced on Jul 22, 1993 a joint venture with China Petrochemical. Together with Petroleum Authority of Thailand, they will create Petro Asia (Thailand), which will launch a new chain of gas stations. Other Petro Asia branches may follow in Guangdong province and elsewhere, and the group might build a 120,000 barrel-per-day refinery in Guangdong. The partners' complementary skills and assets suggest the project will succeed.
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