PROPERTY
Developers' bonds receive a lift
Unsecured debt of Preuksa, Supalai upgraded despite rising credit risk
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Pallet-pool firms merge
Leading Thai pallet-pool operator Dynamic Equipment Pool Ltd and Australian-based Loscam Ltd have merged their Thai operations to further enhance Thai supply-chain efficiencies, giving a boost to the country's logistics industry.
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Luxury housing developers forced to slash prices
An unwelcome combination of political uncertainty, soaring oil prices and high interest rates is forcing developers of top-end housing estates to cut prices and reassess business strategies.
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Somkid: US trip necessary
Caretaker Deputy Prime Minister Somkid Jatusripitak yesterday defended his decision to lead a large trade delegation to the United States later this week, saying the trip was not intended to negotiate a trade agreement, but to enhance economic ties.
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Foreigners targeted for teak homes
CVS Thai Modern Home, a Thai-style knock-down home-builder, is shifting to become a property project developer aimed at deep-pocketed foreigners.
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Mr Donut to bake at individual outlets
The Central Restaurants Group, which operates 173 Mister Donut outlets, will start making donuts in its branches rather than a central location to cut down on transportation costs.
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ECONOMY
Ministry stands by inflation forecast
Full-year rate will not exceed 4.5 per cent after hitting 6.2 per cent in May: officials
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LATE NEWS
Tickets for test flights popular
Tickets are selling fast for test flights later this month to Bangkok's new international airport, with one short flight already sold out, flag carrier Thai Airways International (THAI) announced yesterday.
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Non-bank firms under pressure
Non-bank listed companies' performance worsened in the first quarter of the year due to high oil prices, rising interest rates and high inflation, according to the Bank of Thailand (BOT).
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Citibank polishes up platinum
Citibank has re-launched its platinum credit card.
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MERGERS & ACQUISITIONS
Pack Delta surges 16%
Pack Delta's stock price jumped 16.29 per cent on the back of the news that investment company Mauser Holding Asia Pte Ltd will buy a 69.25-per-cent stake in the company for just over Bt235 million.
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DBS sees Internet as gateway to success
Due to the popularity of Internet technology and support from the Thai bourse, DBS Vickers Securities (Thailand) has set a goal to double its online stock-trading customers in one year from its existing 2,000 accounts.
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Toyota Motor expands the role of its Thai operations
Toyota Motor Corp has taken a key step towards relocating its support division for production, purchasing and logistics from Japan to its manufacturing operations in the South Asian region with the launch of Toyota Motor Asia Pacific Co Ltd (TMAP Thailand) this month.
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Govt urged to hammer out unfinished buildings plan
The Finance Ministry's plan to tackle the problem of incomplete buildings has been welcomed by property developers and consultants, but the ministry has been urged to come up with workable details if it wants the policy to yield economic benefits.
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Somkid not optimistic on WTO talks
Caretaker Deputy Prime Minister Somkid Jatusripitak is pessimistic about the prospects of wrapping up a key component of the Doha Round of global trade talks by the end of this month, after trade ministers failed to make any progress at their meeting over the weekend.
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IN BRIEF
Tourism : Vietnam hails arrivals of growing caravans
Ho Chi Minh City has welcomed 1,100 tourists, most of them from Thailand and the rest from Cambodia, South Korea and Japan, travelling to Vietnam in 22 caravans since this type of tourism was organised between Vietnam and Thailand over the past year, reports the Vietnam News Agency.
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