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Fri, March 17, 2006 : Last updated 20:06 pm (Thai local time)



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Siam Commercial dilutes its stake in Cedar following recapitalisation

The stake of Siam Commercial Bank in Cedar Holdings, a major shareholder of Shin Corp, was diluted to approximately 5.2 per cent from 9.9 per cent following Cedar's recapitalisation.




Wangkanai to outlay Bt2 bn on two ethanol plants

Sugar giant Wangkanai plans to invest Bt3.55 billion this year to become a fully integrated sugar company, said general manager Boonyarit Na Wangkanai.



LATE NEWS

Bank cuts rates

Bangkok Bank will cut its floating rates by 25 basis points for customers who sign up for a new home loan at the bank's "Full House" booth at the Home Buyers Guide Fair 2006.

BHANOMRUNG BRAND

Chaitip rice sales boiling

Company banks on services introduced 2 years ago that bring it closer to corporate clients



TOT could lose licence over 1133 rift

The national telecoms regulator has threatened to revoke the licence of TOT if the state agency continues to charge for its 1133 directory enquiry service.



Sugar millers delay Somkid meeting

Thai Sugar Millers Corporation will postpone its meeting to discuss the country's sugar shortage with Commerce Minister Somkid Jatusripitak.



Olay aims for bigger corner of market

Proctor & Gamble Thailand, manufacturer and distributor of Olay skincare products, will launch new products and market more in an effort to increase its share of the Bt6-billion facial skincare market.



Tapioca to be swapped for Chinese locomotives

The government has agreed to sign a contract with the Chinese government to barter Bt700-million worth of tapioca chips for seven locomotives, Deputy Commerce Minister Preecha Laohapongchana said yesterday.

HOUSEWARE FIRM EXPANDS

Kitchen, bath firm taps into growth

Will spend Bt700 million on renovations, IT upgrades and buying land for stores



Company Reports

ASIAN PROPERTY DEVELOPMENT's board approved a dividend of Bt0.14 per share, payable on May 16.

IN BRIEF:

PTT in Bt44-bn capacity boost

PTT Chemical Plc, the country's largest petrochemical firm by capacity, said yesterday that it planned to invest about Bt44 billion between 2006 and 2010, mainly to boost production capacity.



Don Muang to be base for specialised aviation, maintenance

The Department of Civil Aviation is studying plans to convert Don Muang into a specialised airport after Thailand's aviation focus switches to the new Suvarnabhumi Airport later this year.

AIR CONDITIONERS

Trane stays on track with relocation, expansion

Bt500m to be spent on moving plant, upping capacity



Biznews round-up

- Krung Thai Bank, together with the Commerce Ministry and the Stock Exchange of Thailand, will hold a seminar entitled "Internationalisation of Thai Enterprises" on March 22 for importers and exporters.

FRIDAY BUG

ATMs that offer something more

ATM cards, it seems, are no longer simply ATM cards. The pieces of plastic that once did no more than dispense with the need to carry a pocketful of cash have become a promotional platform; something the marketers might call a niche.



GSB savings bond launch

The Government Savings Bank (GSB) will launch a 30-month savings bond with a return of up to 5.75 per cent as commercial banks scramble to attract more savers in an increasingly competitive market. GSB is scheduled to sell its latest bonds before April 10 and buyers will receive their certificates on April 12.



Dividend windfall

The two subsidiaries of Singapore's Temasek Holdings that recently took over Shin Corp Plc stand to earn nearly Bt4 billion in dividends.

PRIVATISATION PITFALLS

Unions put a spoke in the wheel

Jiwamol Kanoksilp concludes a two-part series by looking at the potential pitfalls associated with the privatisation of state enterprises.

MARKET UNCERTAINTITY

IPOs on back burner

Rayong Refinery says April unsuitable; other firms have delayed market debuts

ECONOMIC FALL-OUT

Political crisis to hit key sectors

FPO director-general says impact is unpredictable

STREET WISE:

Ex-envoys drop all the niceties

Three former diplomats dropped their neckties, rolled up their sleeves on Wednesday and urged Prime Minister Thaksin Shinawatra to resign.



CRC buys stake in Singapore book retailer, plots expansion

Central Retail Corporation (CRC), Thailand's largest retail conglomerate, yesterday announced that it had bought a 39-per-cent stake in Page One Holdings, a book company in Singapore.



Rice-husk war may lead to rewrite of law

The Energy Ministry is considering adding more conditions to the regulations governing applications for bio-mass power plants in a bid to resolve a shortage of rice husks used as raw material.

SHIN CORP TAKEOVER

Boonklee lands Bt924m windfall

SEC report says six key executives have scored Bt1.2 billion from unloading stock to Temasek Holdings






Top Stories



Temasek may take the caboodle

Some execs want Thaksin to cede power

No quick windfall, say AIS rivals

Thai Bev on SGX 'means big losses'

Boonklee lands Bt924m windfall


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