Embezzlement alleged at Cirkit
The Securities and Exchange Commission (SEC) has filed criminal complaints with the Department of Special Investigation against five executives of Circuit Electronic Industry Plc (Cirkit) over alleged embezzlement, the watchdog said yesterday.
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LATE NEWS
park-and-ride scheme
Future Park to provide key link
The Energy Ministry is working on a new park-and-ride scheme to link Future Park Rangsit with Bangkok's mass-transit system.
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Thai AirAsia to fly to Rangoon
Thai AirAsia will next month begin
daily flights between Bangkok and Rangoon as part of its expansion in Southeast Asia.
Chief executive Tasapon Bijleveld said the Burmese capital would become a popular destination for Thai tourists due to its historical sites and proximity, and despite its political conflicts.
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Siam Winery expands
Siam Winery Trading Plus Co Ltd, the local producer of Monsoon Valley Wines, Spy Wine Cooler and Sabai Wine, hopes to become the biggest wine-maker in Asia by 2012.
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Samart expecting to 'reap' Bt70m
Samart Multimedia, renamed from Samart Info Media, expects its marketing blitz this year to boost revenues from its mobile content business to Bt600 million, from Bt530 million last year.
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Sweet times ahead for sugar industry
The sugar industry should enjoy better times next year, as it is expecting between 60 million and 65 million tonnes of cane from farmers this fiscal year, compared with only 48 million tonnes the year before.
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Sammitr plans to establish CNG subsidiary
Sammitr Motor Group this year plans to set up a new subsidiary to produce engine retrofits for compressed natural gas (CNG).
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ELECTRONIC APPLIANCES
LG consolidates to reduce costs, become nimbler
Company is banking on its front-loading washing machines to help it clean up
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SCG joins The Nation's education partnership
SCG Paper Co Ltd has joined The Nation's "Partnership in Education" programme, to give hundreds of Thai university students daily access to English-language news.
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TRADE
Exports remain strong
Despite the baht's rise and sky-high oil prices, overseas shipments increase 18 per cent in June
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STREET WISE
Flying on a wing and a prayer
As the test flights on July 29 draw near, all agencies involved with the opening of the Suvarnabhumi International Airport have been meeting on a daily basis.
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Virabongsa urges stimulus measures
Export-Import Bank of Thailand chairman Virabongsa Ramangura yesterday called for economic ministries, the central bank and his bank to work out immediate measures to boost the economy in the rest of the year because it will be too late if everyone waits for the next government.
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Tang Hua Seng changes tack
Tang Hua Seng Department Co Ltd will make a foray into village communities when it soon launches its new retail miniature supermarkets.
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GPF buys office towers for Bt3 bn
The Government Pension Fund (GPF) has bought Diethelm Towers on Bangkok's Wireless Road for nearly Bt3 billion, saying that investing in property assets can still generate good long-term returns despite the economic slowdown.
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Oil prices may keep falling, experts say
Energy experts have been soothed by two days of declining petrol prices and say it is possible they could fall to the level they were at before Israel attacked Lebanon, but they warn that unexpected factors could put prices on the upward trend again.
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Thai Life adopts new strategy
In a bid to boost revenue as Thais become more cautious about their finances, Thai Life Insurance has adopted a new "work-site marketing" strategy that includes the promotion of monthly premium payments.
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NEW INVESTMENT
Opus Fund sees earnings opportunity in IEC
The Opus Thailand Opportunity Fund expects to earn at least 30 per cent from investing in a local listed information technology company late this year.
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Banks' Q2 profits hit by tax, higher interest charges
Second-quarter results for Thai banks declined as the market had expected, due mainly to tax burdens and increasing interest expenses after recent rate hikes.
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