Jungrungruengkit ally buys 6% of firm. Embattled Picnic Corp Plc shareholders Theeratchanon and Supaporn Lapvisuthisin have sold a combined 6.02-per-cent stake in the company to Suwimol Thongkorn, a director of Summit Footwear, owned by the family of Industry Minister Suriya Jungrungruengkit.

Conference to be staged next week on funding mega projects

The Finance Ministry will stage an international conference next week on “Funding Thailand’s Mega Projects”. The news of the event, to be held at the Intercontinental Hotel in Bangkok on Friday September 16, comes amid extensive debate on the country’s ambitious mass-transit plans.

Kia plans new campaigns as fuel prices eat into sales

Kia Motors Thailand, which is owned by Yontrakit Group, is stepping up its marketing campaign to boost declining sales.

Thainox cans plan for huge hot smelter

Thainox Stainless Plc, the country’s only stainless steel producer, has scrapped its controversial plan to build a Bt14 billion hot-smelting plant in a move that analysts said would benefit the company’s financial position.

Signs of recovery from second quarter

Higher than expected figures for economic growth in the second quarter of this year have provided evidence of an economic recovery.

Street WISE: Leave Khun Mam alone

Being a public figure is not easy. And for Kathaleeya McIntosh, it has come at a high price.

TELECOM GIANT: AIS sets up 3 new subsidiaries

Top mobile operator registers wireless, fixed-line firms, which will apply to telecom watchdog for new licences

Bond market ‘distorted’

About 60 per cent of fixed-income funds in the Thai market are currently ranked at the lowest market risk as their managers opt for conservative tactics to cope with uncertain global conditions and rising interest rates.

FUNDING DILEMMA: Small firms fear loss of ownership

The Office of Small and Medium-Sized Enterprises Promotion plans to restructure a Bt5 billion investment fund to target specific industrial sectors and to help small and medium-sized enterprises (SMEs) access funding more easily.

SWEETS: Candy falls victim to phones

Teens now prefer to spend their money on their mobiles

Agricultural counsellor picked

Australia is to send an agricultural specialist to Thailand to build on increased links and cooperation between the two countries under the Thailand-Australia Free Trade Agreement.

IN BRIEF: rayong power plant

Investment board gives Thai National the green light to expand local facility

Honour promise, shrimpers

Thailand hatchery farmers have urged the United States government to repeal anti-dumping measures against Thai shrimp exports after having promised to help in the aftermath of the tsunami.

TRADE: India may focus on Thai pact

Slow progress on Asean deal may help bilateral talks

True launches first BlackBerry models

True Corp Plc and Canada-based Research In Motion (RIM) yesterday jointly launched RIM’s well-known BlackBerry devices and services in Thailand, targeting executives who want to keep in touch with corporate e-mails while on the go.

‘Katrina will hit fuel prices’

Hurricane Katrina will have an indirect impact on Thailand as average Dubai oil prices in the second half of the year could spike up to US$62 per barrel, a Bangkok Bank study has revealed.

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