FINANCE MINISTRY
Deal for TMB shares
Sale of 11% of MCOT to pay for new bank stock
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Landy cuts costs with cement blocks
Construction company Landy Home (Thailand) Co Ltd has diversified into the production of cement blocks in a bid to cut building costs following a rise in the price of raw materials over the past year, managing director Piched Maneerattanaporn said yesterday.
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Demand soars for commercial property in Asia-Pacific
Strong tenant demand on the back of robust economic growth is outstripping supply, driving up commercial property rents and prices across the Asia-Pacific region. Office rents in some markets are reaching all-time highs, Jones Lang LaSalle has reported in its latest Asia Pacific Property Digest.
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Pirates beware! New technology will nail you
In an attempt to stamp out copyright piracy in the Kingdom, the Intellectual Property Department will aggressively monitor new technology entering the country that could be used for infringement.
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STREET WISE
Odd goings-on surround TMB
When the government unveiled the plan to merge Thai Military Bank, DBS Thai Danu Bank and the Industrial Finance Corporation of Thailand, people in the financial market thought the merged entity would be bigger and stronger and, as such, it would depend less on further state assistance.
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TG set to join IEC/Bliss-Tel
Bliss-Tel Plc and International Engineering Plc (IEC), which are in the process of cross shareholding, have joined up with another major handset distributor, TG Cellular World, in a bid to become the largest handset distribution group in Thailand.
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Winners and losers in realty
While a sharp economic slowdown, inflation, high oil prices and the prolonged political crisis have sunk sales this year for many property firms, a handful of builders are posting sterling results, The Nation survey of winners and losers on the housing front revealed yesterday.
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Slowdown takes big toll on govt revenues
Government revenues last month missed their target by Bt8.31 billion, resulting in 10-month revenue figures falling short by Bt292 million.
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'Central market' plan for fair-priced goods
The government plans to set up the country's first "central market", which will serve as an outlet for the sale of fair-priced agricultural and industrial commodity goods as well as providing reference prices for the items on sale.
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Trend towards e-payments continues
The use of bank cheques has declined 2 per cent in the second quarter as companies have gradually shifted from paper-based payments to e-payments, according to a Bank of Thailand (BOT) official.
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LIFE ASSURANCE
Muang Thai bucks economic downturn
In the midst of the country's economic woes and declining purchasing power, Muang Thai Life Assurance has managed to achieve 22-per-cent growth from new business in the first half of the year.
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LATE NEWS
TPI boards set to be approved
The Business Development Department expects to approve the new boards of Thai Petrochemical Industry (TPI) Plc's five subsidiaries today, providing all necessary documents have been presented.
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Chinese NGV buses set for local assembly
Yantai Shuchi Vehicle Co Ltd, a leading Chinese maker of natural-gas-driven buses, wants to build a US$1-billion (Bt37.7 billion) bus-assembly plant in the Kingdom.
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THAI gears up for airport mega-move
Thai Airways International Plc said yesterday that it was ready to transfer personnel and equipment relating to its six main activities to Suvarnabhumi Airport, in time for the new airport's opening on 28 September.
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Amway to hike its prices by 5%
Direct-sales giant Amway is suffering economic strains and will hike prices of all its products 5 per cent in October.
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Airline promises tourism a boost
The opening of Suvarnabhumi Airport will help Austrian Airlines boost the number of European visitors to the Kingdom by at least 100,000 per year, the carrier's country manager said yesterday in Bangkok.
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Samsung launches ultra-slim models
Samsung yesterday introduced three ultra-slim mobile-phone models it hopes will boost its local market share by between 2 and 3 per cent by the end of the year.
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Bangkok poised to be knowledge hub
The Asian Development Bank, Asian Institute of Technology (AIT), United Nations Environment Programme (UNEP) and United Nations Economic and Social Commission for Asia and the Pacific have jointly established a knowledge hub at the AIT in Bangkok.
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GEMS & JEWELLERY
Gemopolis in Bt10-bn expansion Plan will take 10 years to complete
Gemopolis, Thai-land's first industrial estate for gems and jewellery, plans to invest nearly Bt10 billion in a major expansion.
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US hotel to expand operations in Thailand
Hampshire Hotels and Resorts plans to increase its number of hotel rooms and serviced apartments in Thailand to 2,000 by 2010.
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