IN BRIEF
Aviation: THAI transfers two routes to low-cost subsidiary Nok Air
Thai Airways International Plc (THAI) cancelled its Bangkok-Nakhon Si Thammarat route on Sunday and will stop flying its Bangkok-Trang route on May 1.
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Thailand becoming popular in the Middle East market
More than 100 delegates from 13 Middle Eastern countries attended the third Arab World Travel and Tourism Exchange at the Biel Centre in Beirut "under extremely difficult conditions", as Lebanese Tourism Minister Joseph Sarkis put it.
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Syrup plant gets safety seal
Coca-Cola's syrup plant in Thailand has earned the record as the first among 26 such plants globally to be given an ISO 22000 food-safety certification.
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FOOD INDUSTRY
Betagro expansion to spur sales
Bt2.7-billion investment in new factories, food products expected to yield big returns
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Dubai becomes a top financial centre
Dubai has embraced the call of globalisation by positioning itself as a financial and industrial powerhouse bridging East and West.
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LATE NEWS
THAI plans cargo company
Somchainuk Engtrakul, acting president of Thai Airways International Plc (THAI), said yesterday the national carrier was considering starting a cargo airline within two years.
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Lenovo has global ambitions
David Shaw, marketing director for Lenovo Asia Pacific, the largest IT firm in China, said Lenovo was a key force in the mainland's foray into the global marketplace.
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New supply to end sugar shortage in one month
The Commerce Ministry yesterday said that the sugar shortage should be eliminated within a month after three million sacks of sugar are released into the market soon.
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P&G to revamp, hire more staff
Procter & Gamble (Thailand) Co Ltd, maker of beauty and personal-care products, will spend Bt600 million this year to revamp its operating system after its parent purchased four trademarks from Colgate-Palmolive in Asia and bought Gillette last year.
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Sugar exports expected to rise following WTO ruling
Thailand, Brazil and Australia could enjoy increased exports of sugar after the World Trade Organisation's appellate body ruled that the European Union must stop its subsidy programme.
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POLITICAL DAMAGE
'Protests turn Asians off of Thai tourism'
Pacific Asia Travel Association sounds alarm on fallout, as foreign perception of Kingdom takes a dive
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HOT STOCKS
Stock: BEC World Plc (BEC)
Recommendation: Hold
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Biznews round-up
- Naris Chaiyasoot, director-general of the Fiscal Policy Office, said participants in an official-level meeting of the Asia Cooperative Dialogue over the past weekend proposed that Thailand relax measures on capital outflows to pave the way for developing the Asian Bond Market.
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TMB signs up CashTech
CashTech Solutions, a Fundtech Ltd subsidiary and global provider of cash-management solutions, on Monday announced that TMB Bank had retained its services.
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Weather Index insurance set for launch
The World Bank and Thailand's Insurance Department will join the Bank for Agriculture and Agricultural Cooperatives (BAAC) and a score of non-life insurers to create a "Weather Index insurance plan" for farmers, Yasuhisa Tsukada, former general manager of the local branch of Mitsui Sumitomo Insurance (MSI), said yesterday.
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NON-PERFORMING DEBTS
BOT has secret plan to cut banks' bad loans
The Bank of Thailand (BOT) will introduce new measures to encourage commercial banks to step up efforts to reduce their non-performing loans (NPLs).
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GHB plans home-linked loans
The Government Housing Bank (GHB) plans to introduce 11 new mortgage-linked loan products in the second half of the year, after laws related to its operations have been adjusted.
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SC ASSET
'Key stakes not held by relatives'
Report about kin holding shares false, Shinawatra firm tells SEC
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STREET WISE
Political paradox at Siam Paragon
Shoppers who visit Siam Paragon are often amazed at the stupendous size of the place. It can take a visitor all day or more to stroll through all far-flung corners of the luxury mall.
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Insurance man puts premium on protest
Most business leaders are keeping their opinions about the political situation to themselves, but starting today Poomchai Lamsam, chief executive of Muang Thai Life Assurance Co Ltd, will join the protesters pressuring caretaker Prime Minister Thaksin Shinawatra to resign.
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Pensioners will burden society soon, pundits say
Globalisation and dramatic demographic change are the major driving forces in the world economy,but are also creating business opportunities for marketing people, claimed an insurance expert.
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ANTI-THAKSIN PROTESTS
Traffic fears spark mall closures
Functions at three centres delayed; area hotels report no cancellations
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