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Wed, July 26, 2006 : Last updated 19:24 pm (Thai local time)



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Home > Business



 
ELECTION COMMISSION

Decision delights business leaders

All see the way clear now for poll to proceed, and a return of investor confidence



HOUSING LOANS

GHB to keep fixed rates

Bank will maintain 'affordable' lending despite profit plunge, says acting chief



SOY MILK

Green Spot's growth beaned

Firm hopes introduction of three new flavours will keep its drink sales buoyant

LATE NEWS

Thai-Chile FTA goal boosted by study

A Thai-Chile free-trade agreement would boost bilateral trade in goods and services as well as create investment opportunities, according to a joint study by the two countries prior to any negotiations on an FTA.



Call for more food R&D

A lack of spending on research and development in food technology was blamed yesterday for Thailand's need to import special ingredients costing Bt100 billion per year, for making finished food products.



Exim Bank peddles Russia

The Export-Import (Exim) Bank of Thailand sees promising prospects for Thai exporters and investors with a good understanding of consumer behaviour in Russia, particularly in the food and high-end beauty industries.



True's Supachai Man of the Year

True Corp Plc chief executive Supachai Chearavanont has been named Telecom Man of the Year by the Telecommunications Association of Thailand, a member of the association said.



Formula-maker eyes growth

Wyeth-Ayerst (Thailand) Ltd, a US nutritional and pharmaceutical product maker, is gearing up to spend Bt300 million marketing its powdered milk for infants.



MAEL plant to turn waste into revenue

Mauritius-based Modern Asia Environmental Ltd (MAEL) expects revenue to climb 10 per cent this year thanks to the opening of its new plant in Bang Pu, Samut Prakan, the firm's president said yesterday.



SEC widens options for mutual funds

Mutual fund companies can now invest in stocks and bonds for their own portfolios, the Securities and Exchange Commission said yesterday.

SECURITIES SECTOR

Phatra profit soars on high turnover

Phatra Securities chalked up a second-quarter net profit of Bt249.68 million, nearly double its earnings in the corresponding period last year.



Lenders getting more creative

Marketing campaigns for mortgage loans are expected to hot up during the second half of the year, as banks and real-estate developers try to meet their 2006 targets.



The goal: more Thai fruit on HK tables

Caretaker Commerce Minister Somkid Jatusripitak told fruit traders here yesterday that he wants Thai products to be No 1 in their market, with a share of more than 50 per cent.

RICE EXPORTS

Thailand, VN to set 'fair' price

Countries will form a partnership to 'improve trading system' on world market

STREET WISE

Nipping at the petrol monster

Though his company sells oil for a living, Tiraphot Vajrabhaya, chairman of Shell in Thailand, is not happy with the way Thais are burning through the stuff.



Ministry expects shortfall in corporate tax collections

The Finance Ministry said yesterday it was concerned about the spectre of low corporate income-tax collections in August and planned to tap into the country's fiscal reserves if tax receipts for this fiscal year were less than the Bt1.36-trillion target.



Car-Lack to break into Mideast markets

Car-Lack (Thai-German), a provider of car-care and maintenance services, will hold road shows in major Middle Eastern markets as a significant first step in franchising its Car-Lack 68 centres abroad.



Failed WTO talks spur new tactics

After the breakdown of world-trade talks, Thailand and other countries will likely step up their pursuit of individual agreements with their key trading partners, Karun Kittisataporn, permanent secretary of the Commerce Ministry, said yesterday.



Bird-flu fears cut Saha exports

Renewed fears of bird flu have sparked difficulties for Saha Farms Co Ltd, one of the country's largest chicken producers and exporters. Formerly exporting between 6,000 and 8,000 tonnes of fresh chicken annually to Japan and the EU, it is now compelled to focus on the export of only 2,000 tonnes of boiled and processed chicken.



Companies mull recovery strategies

Thirty-five business groups belonging to the Federation of Thai Industries (FTI) have begun a detailed assessment of the impacts of high oil prices, political turmoil, the strengthening baht and higher interest rates on their earnings, operating costs and competitiveness.

PEAK SEASON

Bangkok Airways offering Bt20,000 round-trip fares to Hiroshima

Prior to October's peak travel season, Bangkok Airways has announced a new promotional round-trip fare to Hiroshima, Japan.



AIS launches Pay Station

Advanced Info Service Plc (AIS) yesterday launched its 'Pay Station' service, which allows people to pay a range of household and utility bills at its handset and customer service shops nationwide.



Petrol drops Bt0.40 a litre today

All Thai oil retailers today will cut prices of all oil products by 40 satang per litre, reflecting the continued retreat in refined-oil prices in Singapore.






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Jungceylon construction starts again

Decision delights business leaders


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