Business
Wachovia Bank admits laundering Mexican drug money, pays $160 million in settlement
Wachovia Bank reached a $160 million settlement with the Justice Department over allegations that a failure in bank controls enabled drug traffickers to launder money by transferring money from Mexican currency-exchange houses to the bank.
 About 1,000 rooms per day have been cancelled in Bangkok due to the anti-government demonstration, the Thai Hotels Association said Thursday. |  The largest infrastructure project in Laos, the Nam Theun 2 hydropower facility, has started commercial export of electricity to Thailand, the hydro project's operators said Wednesday. |
 Thai Airways' board has approved the raising of one billion new shares in Thailand's national carrier in a public offering. |  New York City taxi drivers have been caught out overcharging passengers by $8.3 million in the past two years. The drivers were found to have been setting their meters at double rate and at least 1.8 million rides were wrongly charged. |
 An article in Global Post describes the difficulties of marketing condoms in Thailand and Indonesia due to the legal restrictions on promoting sex products. In order to boost sales in the Asian countries, condom makers target to market the fun aspects of sex. |  The British government announced on Thursday that it was planning to build a $45 billion high speed rail corridor between the cities of London and Birmingham, and eventually to link to the northern cities of Manchester and Leeds. The train's 250 mph speed could reduce the time to travel the distance between London and Birmingham from 84 minutes to 49 minutes, project developers claim. |
Amari announces new hotel management company, Onyx Hospitality Group Amari 13.03.2010 | |
 Amari, Thailand's leading domestic hotel management company today announced the formation of a new corporate structure with the creation of ONYX Hospitality Group, a new management company. This strategic development allows the company to pursue its previously announced expansion plans, moving beyond Thailand to pursue hospitality management opportunities in the Asia Pacific and Arabian Gulf regions. |  A former IT employee has stolen information on 24,000 HSBC customers with Swiss bank accounts, the British bank said Thursday. |
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