Sylvania building Bt50m factory
US-based lamp-maker Sylvania (Thailand) Co Ltd expects its exports to grow by up to 20 per cent within the next three years as it takes advantage of reduced duties under the Asean Free Trade Agreement.
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LATE NEWS
More vehicles repossessed
The number of cars and motorcycles seized for failed instalment payments increased sharply in the first half of the year, a sign of the negative impact of the slowing economy on borrowers, says Union Auction Co Ltd.
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Govt seeks three-month extension on price freeze
The Internal Trade Department has asked for cooperation from manfucturers to maintain the price of goods for another three months to ensure the success of its policy to curb the country's inflation rate to less than 4.5 per cent this year.
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Young hotshot tries his hand at resort
Young executive Komkrit Chantaravisoot has been tapped by his family to run its new Bt500-million luxury resort on Koh Pha-ngan in Surat Thani province in addition to his current charge of running a business that builds knock-down teak homes.
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President Agri wins jasmine rice bid
President Agri Trading won the biggest lot of jasmine rice from last week's auction after raising its bid to Bt16,200 per tonne from Bt15,930.
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Safety approval for new airport due on Friday, AOT says
Airports of Thailand Plc (AOT) expects Bangkok's new international airport to
be certified for safety by the UN International Civil Aviation Organisation
on Friday, said AOT president Chotisak Asapaviriya.
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Asian telecoms face increasing risks
Asia-Pacific telecommunications operators will face increasing risks as their business profiles change, although the overall outlook for the industry is stable, according to Standard and Poor's Ratings Services.
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EXPORTS
Trade trip to nurture links with the US
Somkid to lead mission of executives, officials
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Nestle hikes price of its powdered milk
Nestle (Thai) Ltd has increased the price of its new Carnation powdered milk product by between three and five per cent due to higher production costs.
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STREET WISE
Executive elite flee to Germany
Thanks to La Nina, Bangkok has been quite cool with rain showers cascading down on a daily basis.
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SF Cinema projects Bt2-bn plan
After almost seven years of no investment, SF Cinema City Co Ltd yesterday announced a plan to invest more than Bt2 billion over the next three years to open new multiplex theatres in eight
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Collections of duties fall
The Customs Department is negotiating a reduction in its revenue target for this fiscal year from Bt120 billion to Bt80 billion, citing the economic slowdown, which has led to lower imports.
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Petrol set to top Bt30 a litre
PTT Plc is preparing to raise retail petrol prices in the next few days if finished oil prices in the world market do not ease. If it does, it could push local prices above Bt30 per litre for the first time.
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STOCK EXCHANGE
SET surges as rate-hike fears wane
Central bank worried by rising baht
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IN BRIEF
customs
New airport will have a joint Thai-Malaysian checkpoint
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SUVARNABHUMI AIRPORT
THAI's cargo complex to be region's biggest
Airline hopes to ride on wave of logistics growth
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CHANGE OF FOCUS
Visa relaunches debit card ... for some
Visa International Thailand yesterday relaunched its Visa debit card with a Bt40-million marketing budget for this year, aimed at attracting disciplined spenders who avoid using credit cards for fear of building up huge debts.
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Ayudhya Securities to rely on M&As
Ayudhya Securities has decided to concentrate on advisory services for mergers and acquisitions (M&As) as a survival strategy - at least for the rest of the year - to make up for tumultuous stock market that's not expected to recover from several negative factors any time soon.
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