INVESTMENT FROM DOWN UNDER
Aussie firms set up in Rayong
Hi-tech, auto parts, steel, precision manufacturers among new arrivals
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Siam Cement earns less
Despite posting a 19-per-cent year-on-year increase in revenue in the second-quarter, Siam Cement Group's net profit sunk 13 per cent due to rising production costs and thinning domestic demand for cement and other building materials.
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2007 budget may require chopping
Lower-than-expected economic growth in the next calendar year may force the Finance Ministry to cut the government budget for the 2007 fiscal year, which starts October 1.
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BMW, Audi put diesel in their tanks
BMW Thailand and Yontrakit Motors yesterday announced the debut of their diesel-fuelled cars, aiming to attract executives who want to save on fuel bills while riding on top-of-the-range wheels.
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IN BRIEF
TOURISM :TAT launches website to promote the Kingdom to high-end travellers
The Tourism Authority of Thailand (TAT) has launched a new website for luxury travellers as part of its effort to tap the high end of the tourism market.
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Thais to get first taste of Peruvian cola brand
Aje Thai Co Ltd, a subsidiary of Peruvian beverage manufacturer - AjeGroup, is hoping to make a dent in Coke's and Pepsi's market share after starting operations at a new plant in Thailand last March.
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Marriott gets into bed with the latest technology
The JW Marriott Hotel Bangkok is spending Bt150 million on room refurbishment and installation of hi-tech equipment to enhance its competitiveness, particularly with other five-star hotels along Sukhumvit Road.
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Jetstar specials to Oz
Jetstar is introducing a direct service to Australia with special launch fares from Bt910 one way.
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New Charn Issara villas
Charn Issara Development will invest Bt1.9 billion in two residential projects over the rest of this year and early next year.
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Macau a food gateway
Dah Chong Hong Ltd, a wholly owned warehousing subsidiary of China's Citic Group, is to join with Thai authorities to establish a coordination office to help promote the export of Thai fresh fruit to markets in China.
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Privacy on NTC agenda
The National Telecommunica-tions Commission is to study privacy protection in Thailand by forming a committee to research those aspects of telecom technology used by eavesdroppers and law enforcement agencies.
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Lowest bid at expo auction wins a Yaris
Cellular operator Hutchison-CAT (Hutch) will hold a "reverse auction" - in which the lowest and most unique bid wins the item - for a Toyota Yaris at Bangkok International ICT Expo 2006.
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Jetro says Kingdom is still alluring
Thailand is not in danger of losing its lustre in the eyes of Japanese business and it continues to follow only China as their investment target of choice, said Atsuo Kuroda, the outgoing president of the Japan External Trade Organisation (Jetro)'s Thai office.
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AGRICULTURE INDUSTRY
Govt bounces rubber hub plan
The strategy is aimed at lifting world prices of the commodity
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LATE NEWS
Lazare Kaplan seeks local partner
Lazare Kaplan International Inc, the 103-year-old US diamond cutter and wholesaler, is looking for a business partner to handle retail management and marketing operations for the company once it enters Thailand. The company hopes to finalise the deal in the next three months.
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Samchai Steel to be No 1 after merger
Disapong Sapboonkert, as a major shareholder in Inter Steel Industries Co Ltd, will take over 30 per cent of Samchai Steel Industries Plc once the two companies merge.
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TPI FINANCING
Bridging loans likely
Prasert says short-term funds of up to US$900m needed; bonds will be delayed
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ANALYSIS
Rationale behind SET's prohibition move
Last week, the Stock Exchange of Thailand (SET) prohibited net settlement and margin loans for Everland Plc shares for 30 days after it found abnormal movement in the stock price.
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