Foreign banks air concerns on budget
The Foreign Banks' Association yesterday expressed confidence in the Thai economy despite last week's coup, but voiced concerns over possible delays in the 2007 budget disbursement.
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Bangchak queries govt oil standards
Bangchak Petroleum Plc president Anusorn Sangnimnuan has expressed concern over refineries' ability to gain approval for loans necessary to fund research into improving oil quality.
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CRC to open more Fit stores
CRC Sports Co Ltd, operator of SuperSports superstores, plans to open three more of its new Fit stores, after successful launches of two others earlier this year.
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Developer plans IPO
RTH Construction Co Ltd is planning to raise Bt150 million worth of capital from the Stock Exchange of Thailand (SET) next year, after major shareholder Ritta Co Ltd sold all of its 51-per-cent stake to new shareholders in the second quarter.
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IN BRIEF
Subway line
BMCL joins developers in campaign
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STUDY FINDINGS:
Local market research grows at a healthy clip
But trade group says hard times loom for sector
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NTC in bid to ban monopolies
The national telecom regulator has introduced a measure to prevent monopolies and unfair competition, under which it will require telecom operators to seek its permission before they can acquire more than 10 per cent of any other telecom company.
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Fewer projects seek privileges
Project applications for promotional privileges dropped 43 per cent in value to Bt350 billion in the first nine months of this year, the Board of Investment (BoI) said yesterday.
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PTT funds new projects
PTT Plc has shown its confidence amid the unstable economic and political situation by moving forward with a number of projects including a new plastics plant, a third gas pipeline and a sixth gas plant, said president Prasert Bunsumpan yesterday.
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LATE NEWS
G Steel's credit rating tenuous
Standard and Poor's Ratings Services said it had affirmed the "B+" corporate credit rating on G Steel Plc, but the outlook is negative.
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Seven retailers agree to halt their expansions
Three retail giants - Tesco Lotus, CP 7-Eleven and Central Watson - have yet to agree to suspend their expansion plans for 30 days.
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Eliminating GSP will hurt exports
Thailand's exports are forecast to drop 1 per cent, or Bt972.5 million, next year if US tax privileges on Thai goods under the Generalised System of Preferences (GSP) are terminated, according to a report released yesterday by the University of the Thai Chamber of Commerce.
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LOCAL OPINIONS
Financial confidence up: survey
More city dwellers happy with their lives
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Bt3.5-bn Phuket complex nears completion
Phuket's giant Bt3.5-billion Jungceylon hotel and retail complex is finally set to open on December 1 after a delay of two years.
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AIG Finance bid for bank licence
AIG Finance (Thailand) is hoping the Bank of Thailand (BOT) will grant it a banking licence by the end of this year, after it sent the central bank the information it requested regarding allegations of accounting fraud by its parent company, the American International Group.
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Phatra sees silver lining for banking sector
Most investors believe last week's bloodless coup will reduce political risks and induce positive growth, while banking-sector stocks are currently the most preferred, Phatra Securities Plc's latest survey has found.
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THAI INDUSTRIAL AND ENGINEERING SERVICE
TIES to make market debut
Thai Industrial and Engineering Service Plc (TIES) will have its first day of stock trading tomorrow, after its debut on the Market for Alternative Investment (MAI) was delayed last Friday, because of the coup.
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MUTUAL FUNDS
Industry growth to slow: UOB
Asset-management company forecasts a sharp slowdown
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STREET WISE
Uncertain times for at least a year
As expected, The Economist was prominent among the foreign press in branding last week's coup a dangerous incident.
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Thailand slips in competitiveness ranking
Thailand was ranked 35th of the world's competitive economies this year, dropping two places from last year.
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Thaksin kin dumps GEN
Songphon Chakrabhandhu, a relative of Payap Shinawatra's wife, unloaded most of his shares in General Engineering Plc (GEN), apparently on the first day the market reopened after the September 19 coup, and possibly netted Bt6.39 million from his month-long investment.
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