ENERGY OUTLOOK
Oil 'will just keep rising'
US expert also questions NGV investment
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HOT STOCKS
Stock: Siam City Bank (SCIB)
Recommendation: Buy
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Fixed rates bite into One Asset
One Asset Management yesterday posted disappointing net asset value growth of 1.6 per cent in the first quarter of the year compared to the fourth quarter last year.
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Two banks reduce farmers' debt again
Under pressure from protesting farmers, Krung Thai Bank and Bangkok Bank yesterday signed memoranda of understanding extending existing agreements to grant debt "haircuts" to farmers.
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BNT ENTERTAINMENT
SET slams firm over disclosure
The Stock Exchange of Thailand yesterday warned investors that BNT Entertainment Plc had not complied with the best practices of a listed company and had failed to disclose necessary information to investors on its purchase of shares in Navadis Co Ltd.
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New charges ready for Prachai
The Department of Special Investigation (DSI) is preparing to press charges against Prachai Leophairatana, former owner and chief executive of Thai Petrochemical Industry Plc (TPI), for embezzling Bt500 million worth of TPI assets since August 30, 2005.
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Erawan in major hotel tie-up with Accor
The Erawan Group has signed a memorandum of understanding with the France-based Accor Group to build a network of up to 10 economy hotels under the Ibis brand in Thailand's major tourist destinations, costing between Bt300 million and Bt400 million each.
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US tax riles shrimpers
Hundreds of shrimp farmers from shrimp clubs in Surat Thani, Trang and Krabi yesterday threatened to protest at the Commerce Ministry early next week after their requests for the government to hold talks with the US over unfair double taxation practices failed to spur action.
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LATE NEWS
Tapioca down
Tapioca exports will drop 0.7 per cent - a decrease of export volume by 4.9 million tonnes - this year, due mainly to the high value of tapioca in the domestic market through the government pledging project.
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SMEs advised to outsource logistics
The National Economic and Social Development Board (NESDB) has urged the country's small- and medium-sized enterprises to outsource their logistics management in response to impending free-trade pacts.
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Castro revolution embraces Kingdom
Peppo Fashions Group, the local distributor of Guess and MNG-branded apparel, expects the recent launch of the Israel-based Castro brand to contribute nearly Bt100 million or 12-13 per cent to its sales this year.
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Sugar price float recommended
Top state officials and the private sector are urging the government to consider a "floating price" policy for the sugar industry to stop the problems of a prolonged shortage and illegal exports.
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Major aims for big rise in movie-goers
The Major Cineplex Group is aiming to double the frequency of visits by movie-goers to its theatre complexes this year.
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HI-TECH OUTPUT
'Technical textiles' seen as way to go
Strong demand for fabrics, garments tailored for special purposes, seminar hears
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STREET WISE
The heat's on, and so's the air con
Now that a heat wave is hitting the capital, home-owners are turning on their air-conditioners. But given the higher electricity price, which was increased again last month, households are also trying hard to keep their consumption low to minimise power bills.
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Ministry to wrap up Cedar, Kularb Kaew probe this week
The Commerce Ministry is expected to finish this week its examination of ownership-related documents of Cedar Holdings and Kularb Kaew as part of its probe into whether both were nominees of Singapore's Temasek Holdings.
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Multiplex owners unfazed by closures
The anti-government rally that has forced the closure of three major shopping malls in Bangkok's main shopping district will only shave a few million baht off cinema ticket sales, a Major Cineplex Group executive said yesterday.
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TDRI ECONOMISTS:
Thaksinomics 'not a driver of growth'
Members of the country's foremost development research think-tank said yesterday Thaksin Shinawatra's economic policy had not contributed to the country's bullish economic performance over the past five years, as the prime minister has frequently claimed.
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