LOSING ITS LUSTRE
High gold price hurts jewellers
Some stores close, others lay off staff, who head back to the farms, association says
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Derivatives funds to blossom this year
With the current political doldrums rocking the stock market, investors are likely to see more derivatives-linked funds as the year goes on.
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Low turnover hits securities companies
The aggregate second-quarter net profit for 12 securities companies is expected to fall as much as 53.5 per cent quarter on quarter to Bt417 million as sluggish stock investment has taken a toll on average daily turnover, Seamico Securities Plc said.
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PEOPLE'S BANK SCHEME
GSB may write off Bt700m
The NationThe Government Savings Bank is considering writing off Bt700 million of bad People's Bank scheme loans while boosting lending under this programme to Bt10 billion from the current Bt6 billion.
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THAI reshuffles its management
A senior management reshuffle at Thai Airways International Plc (THAI) is expected to help the national carrier improve its marketing strength, a source at the company said.
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LATE NEWS
Sugar price to rise next week
The Commerce Ministry yesterday approved this year's second increase in sugar prices, after manufacturers complained about rising costs.
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2008 Olympics may open doors in China
China playing host to the 2008 Olympic Games will enable Thai investors and manufacturers to explore more business opportunities in cities surrounding Beijing, particularly Hebei, where support industries, and the food and services sector in particular, have a great potential.
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SMEs are hurting as much as the rest
Small and medium-sized enterprises' combined income this year should grow 4.5 per cent, according to the SME Promotion Office. The office said the income could grow higher but for high oil prices and interest rates and fluctuating foreign exchange rates which would delay investment among the SMEs in the second half of this year.
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True Move launches 2-year prepaid card
True Move has launched a prepaid call package featuring a two-year validity period to be in line with the trend in the cell phone industry.
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Siam Paragon aims to be Southeast Asia's top MICE venue
Siam Paragon Development Co Ltd last month set up a subsidiary to promote Siam Paragon's 12,000-square-metre exhibition and convention centre as a prime destination, both locally and beyond.
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Government promotes overseas franchises
The government will lead the Centre for Thai Kitchen to the World in talks with investors in Japan, aimed at selling franchises of its three Thai restaurant prototypes: Khao Kaeng, focusing on modern Thai fast food; Ton Hom, for Thai cuisine; and Ruam Sen, for Thai noodles.
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NATURAL GAS
PTT raises NGV marketing fee 190%
Move to pay for more petrol stations in Bangkok and nearby areas to sell the fuel
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IN BRIEF
Crude distillation : Thaioil's capacity up by 5,000 bpd
Thaioil's Hot Oil project to increase crude distillation capacity has been completed six months ahead of schedule, thereby increasing capacity by 5,000 barrels per day to 225,000 barrels.
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Thai Storage expands its battery plant
Thai Storage Battery Plc, the maker of the 3K car battery, has spent Bt120 million to expand its production capacity from 300,000 to 350,000 batteries per month at its plant in the Bang Pu Industrial Estate in Samut Prakarn province.
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NTC approves 3G and WiMax testing
The National Telecom Commission (NTC) has given permission for the Information and Communications Technology (ICT) Ministry to allow interested parties to demonstrate the new 3G and WiMax wireless technologies.
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Economists pan govt energy policies
According to speakers at the 29th annual seminar of Thammasat University's Faculty of Economics yesterday, the government has failed to effectively implement energy-saving policies, resulting in a high dependence on oil.
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Populist policies 'leading to social conflict'
Thailand Development Research Institute president Chalongbhop Sussangkarn has suggested political leaders rule out implementation of populist policies, as they cost the country's economy and lead to social conflict.
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PM's men focus on iTV settlement
The Bt73.3-billion Shin Corp sale to Temasek Holdings of Singapore may be a done deal, but it's not all over yet.
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CP starts China JV, Russian pig-feed firm
The Chia Tai Group, an investment arm of multinational conglomerate Charoen Pokphand Group, and Ivanhoe Cambridge, a Canadian shopping-centre developer, yesterday announced the launch of a 50-50 joint venture to tap the retail real estate market in China.
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