M-Link to avoid state contracts
Handset distributor M-Link Asia Corp Plc will stop bidding for state contracts, following the political turmoil over caretaker Prime Minister Thaksin Shinawatra's rule, an industry source said.
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FRIDAY BUG
To the winners go the spoils - others miss out
A few years ago, merger and acquisition activities were a hot issue in financial circles. Now the trend has changed to private banking.
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Resort sold to Lehman Brothers
Embattled Natural Park Plc is to sell the Novotel Beach Resort Panwa Phuket, plus a 49-per-cent stake and debt claim in its joint venture Siri Phuket, to Lehman Brothers (Thailand) for a total of Bt750 million.
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INITIAL PUBLIC OFFERINGS
Best-performing debut stock is Rich
SET suggests companies offer shares to related parties
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LATE NEWS
New president for CAT Telecom
The board of CAT Telecom Plc yesterday appointed acting president Phisal Jorphochaudom as the state agency's new president.
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Thai mission targets vast Indian market
The Commerce Ministry will lead a mission to India later this year to expand trade and investment ties with the country and its lucrative one-billion-strong market.
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Major banks on EGV to win over teens
Major Cineplex Group Plc's EGV brand will spearhead the group's fight against SF Cinema City to capture the teenage market.
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Equity exchange funds eyed by SET
The Stock Exchange of Thailand (SET) will discuss the creation of a new index for Equity Exchange Trade Funds (ETFs) with representatives from exchange operators Morgan Stanley Capital International, Standard & Poor's, Dow Jones and the FTSE Index.
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Ministry to auction 2.2m tonnes of rice next week
The Commerce Ministry, the country's largest stockholder of rice, will next week receive bids for 2.2 million tonnes of the commodity in a move aimed at boosting exports and reducing its stockpile.
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Ambassador lauds Australian-Thai FTA
Despite some criticism of the bilateral free-trade agreement (FTA) between Australia and Thailand, Australian Ambassador Bill Paterson described it yesterday as a "win-win" pact, pointing out that Thailand had recorded a trade surplus of Bt4.43 billion with Australia in the year and a half the agreement had been in force.
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S&P predicts sales of moon cakes to grow only 5 per cent
S&P Syndicate Plc, operator of the S&P Restaurant chain, estimates its sales of moon cakes this year will grow only 5 per cent, compared with the usual 10 per cent in the past, due to the gloomy economic atmosphere.
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PORT AUTHORITY
Concession to be given to develop Bangkok site
PAT will initially allow businesses to operate on 88-rai plot for three years
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Domestic consumption will continue to slow - central bank
Domestic consumption will continue to slow in the second half of the year due to falling purchasing power due to high oil prices and rising interest rates, the Bank of Thailand (BOT) said yesterday.
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Central banks have to be accountable and indepedendent
This can be achieved with a strong system of checks and balances through both the legislature and the supervisory boards
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IN BRIEF
EU help for Thai organic food makers
An action plan jointly funded by the EU and Thai authorities will help put more Thai organic produce on the plates of Europeans, says the European Commission delegation in Bangkok.
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CREATING SUCCESS
How fruit can grow your business
This week's quiz question: which global company is America's largest purchaser of apples?
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GOLD MINING
Akara seeks partnership
Australian parent firm must sell off 51% stake
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Apec members to meet in Vietnam
Finance ministers and central bank governors of the 21 members of the Asia-Pacific Economic Cooperation (Apec) forum will gather in Hanoi on Monday for their 13th meeting, a senior Vietnam-ese government official said on Wednesday.
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Cerebos seeking teen stars with Channel V
Cerebos (Thailand) Co Ltd is aiming to make its Veta food supplements part of the teen lifestyle in an attempt to create strong brand loyalty among the younger generation.
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STREET WISE
Paradoxical intelligence
After the explosions in Yala, caretaker Prime Minister Thaksin Shinawatra yesterday told reporters that police intelligence officers had known about the plan for some time.
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Businessmen seem resigned to poll delay
Businessmen believe the general election will not happen on October 15, mainly because of the delay in selecting a new Election Commission (EC).
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New phone numbering system takes effect
Callers to mobile phones now should start dialling "08", followed by the existing eight-digit number, as the new national numbering plan takes effect today.
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Nok Air gears up for space travel
Nok Air has said it is getting into the space-travel business.
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