Kingdom may face Bt10-bn shortfall
Thailand may run a cash deficit of Bt10 billion this year, but this could be balanced by using the country's fiscal reserves, which stand as high as Bt100 billion, a Finance Ministry spokesman said yesterday.
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STREET WISE
S'pore poised to strike again?
Whenever you read about Thai investors' acquisitions or expansion abroad, it's usually the result of their own studies and efforts.
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Liquor tycoon tipped to join surge of Thai investors in China
Property and liquor tycoon Charoen Sirivadhanabhakdi may join the wave of Thai investment into China by acquiring a hotel in Guangzhou, caretaker Deputy Prime Minister Somkid Jatusripitak said yesterday.
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Smart Brain makes new waves in China
Smart Brain, a chain of tutorial schools for children that focuses on maths and uses the abacus as a learning tool, yesterday signed a franchise agreement with its partner in China, as it accelerates its expansion overseas.
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SCB to reach trillion-baht milestone next year
Siam Commercial Bank (SCB)'s assets are expected to reach Bt1 trillion early next year, according to the bank's president and CEO Khunying Jada Wattanasiritham.
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FROZEN FOODS
Thai Union puts freeze on profit
Thai Union Frozen Products Plc has slashed its profit growth forecast from 10-15 per cent to zero despite keeping its sales growth projection at 10 per cent this year.
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Egat bond issue looks set for Q4
The Electricity Generating Authority of Thailand expects to launch its planned Bt7.39-billion bond issue in the next quarter.
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STOCK MARKET
Phatra sees investment opportunity
Strategist says perception by foreigners that market will not grow is incorrect
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LATE NEWS
Ministry approves a 13-per-cent price hike for Panasonic batteries
The Commerce Ministry yesterday gave the green light to Panasonic to raise its retail battery prices 13 per cent.
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Tatung shifts gear to court carmakers
Taiwanese electronics-maker, Tatung, is shifting its auto-insertion machines, which implant computer chips into circuit boards used by carmakers, from China to Thailand.
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Blemish-free sales at L'Oreal
L'Oreal Thailand's sales rose 12 per cent during the first half of the year, due to strong growth in its skincare, men's cosmetics and perfume and hair-colouring products, managing director Jean-Philippe Charrier said yesterday.
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Balmain to enter market
Ultimate Time Co Ltd, an importer and distributor of middle- to high-end watches, has launch a new Swiss brand, Balmain, and is repositioning its line of imported Edox Swiss watches in an attempt to achieve its target of 100-per-cent growth in sales this year.
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Summit Group moves into outdoor sport
Auto-parts manufacturer the Summit Group has stepped into the golf and sport business by developing the Pattana Golf and Sport Resort in Chon Buri province at a total cost of Bt1.5 billion.
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Investor says, 'Look to Laos'
The Thai businessman who opened the first canned-food factory in Laos is advising other Thai food manufacturers to take a closer look at their northern neighbour, especially as food exports from the Kingdom face rising trade barriers in the European Union.
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TELECOMMUNICATIONS
CAT set to reverse falling profits
Lower revenues convince state firm to rely more on alternative earnings sources
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