REFINANCING
TPI board approves Bt1-bn plan
Shareholders vote July 20 on bond, loan proposal
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Aberdeen eyes tie-up
With no bank-support network, Aberdeen Asset Management plans to take over an asset-management firm that is fully equipped with effective distribution channels.
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NEW LISTING PRIVILEGES
Thanong scotches tax perks
Caretaker Finance Minister Thanong Bidaya yesterday rebuffed the Listed Companies Association's proposal to revive income-tax privileges for newly listed companies.
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BAM forecasts large inflow of bank NPAs
Bangkok Commercial Asset Management (BAM) expects to receive Bt62 billion worth of non-performing assets from banks this year, its president Banyong Visatemongkolchai said yesterday.
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Exim Bank looks to asset-backed bonds
The Export-Import Bank of Thailand is looking at issuing asset-backed bonds to unload loans and secure fresh funds.
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Office rents keep rising
Rising office rents in Bangkok have propelled the city up 24 places on the CB Richard Ellis Global Market Rents report to rank as the 141st-most expensive city out of 173 surveyed, and it looks as though rent hikes will continue.
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PTT eyes major Philippines expansion
PTT Plc, through local subsidiary PTT Philippines Corp, is spending between 3.5 billion Philippine pesos (Bt2.5 billion) and 4 billion over the next five years to bankroll its expansion in the country.
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Amino, Siemens in Thai IPTV deal
UK-based Amino Technologies, a supplier of Internet Protocol TV (IPTV) set-top boxes, has confirmed that it has been selected by Siemens for the first IPTV deployment in Thailand.
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LATE NEWS
Bangkok Airways lands yet another award
Bangkok Airways recently received the Skytrax Award as the "Best Regional Airline" for Southeast Asia, following the "All-Round Service Excellence Award" it won from the same institution earlier this year.
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DHC remodels to skin the market
DHC (Thailand) Ltd, the importer and distributor of DHC cosmetics and skincare products from Japan through a home delivery system, targets doubling its business in the next three years.
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Creative types bare soul at Nude Communication
While the economic slowdown has many big advertising agencies trembling about their billings, 14 creative and client service experts have taken the brave step of splitting from internationally renowned TBWA to form their own ad house, Nude Communication Co Ltd.
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Bartercard sets high goal
Bartercard (Thailand) Ltd, the master franchiser of Australia-based Bartercard, yesterday announced an ambitious target of Bt1 billion in trade-exchange value by its members this year. The Thai unit - part of the world's largest business for exchanges via the barter trade system - expects to increase its membership to more than 2,000 this year.
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Shipping JV starts
Jutha Maritime Plc and Denmark-based Nordana Project & Chartering have started a joint venture which they hope will generate US$25 million (Bt960 billion) in revenue a year.
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Fresh focus for fashion
JSL Co Ltd, one of the organisers of 11 road shows to promote the government-backed Bangkok Fashion City concept, has decided to focus on participating in trade fairs rather than displaying products in overseas department stores.
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SEASONING MAKER
Ajinomoto cuts back amid slowdown
Will introduce fewer items this year to account for slack demand and rising operating costs
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STREET WISE
Upmarket carriers 'downgraded'
Whenever PR companies organise an event, it is hugely important that the extravaganza is reported by every newspaper and television station in the Kingdom. This proves them worth their salt.
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Dividend yields dip below deposit rates
The stock market continues showing the effects of investors shifting their holdings to money markets as dividend yields have fallen below 12-month bank deposit rates for the first time in a couple of years.
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TAT pushes for quick decision on extra funds
The Tourism Authority of Thailand has urged the government to rush consideration of its proposed second-half budget of Bt2.4 billion for fear that the country might lose its key tourism markets in spite of the joyous celebration mood.
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Public-private talks to the fore in Cha-am
The concept of the Public Private Partnership Dialogue (PPPD) will be highlighted during the discussion of public agencies and private business associations being held in Cha-am this weekend, aimed at creating a mechanism to prevent and solve economic problems of concern to the private sector.
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