RETAIL PROPERTY
Developer turns focus to shopping centres
KE Land spends Bt600m on The Crystal
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STREET WISE
Sewing quilt of national growth
Right now, it is still unclear what position Bank of Thailand Governor MR Pridiyathorn Devakula will assume in the new government under Prime Minister Surayud Chulanont.
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Two new True plans target the hearing-impaired
True Corp Plc will introduce two mobile-phone packages specifically for hearing-impaired people tomorrow, the first of their kind in Thailand.
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MCOT inks short-term contracts
Despite the absence of a board of directors, MCOT Plc yesterday extended its contracts with 10 television-programme production companies,
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Matsushita upbeat on local investment
Despite the coup and Thailand's present economic uncertainty, the Matsushita Group, one of Japan's largest manufacturers of consumer electronics, will spend more than Bt800 million between now and April 2008 on relocating some of its production facilities here under a plan to increase exports from the Kingdom.
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DBS jettisons ailing Capital OK stock
DBS Bank's announcement this week that it is pulling its investment from consumer-finance provider Capital OK represents the Singaporean bank's second failed strategic investment in a Thai financial institution, following its involvement in the now-defunct DBS Thai Danu Bank.
Amid a changing political situation in Thailand, the state-owned bank has apparently opted for a conservative strategy by selling out its non-banking business and maintaining its stake in TMB Bank.
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IN BRIEF
construction
Demand for custom-built homes helps boost industry growth
The Home Builders Association said yesterday that rising demand for individual custom-built homes had generated growth for the industry.
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4.7% Thai growth if uncertainty reduced: Unescap
In a new economic analysis of the aftermath of the military coup, the United Nations Economic and Social Commission for Asia and the Pacific (Unescap) predicts that Thailand's gross domestic product growth could reach 4.7 per cent in 2007 if the new interim government maintains political stability and reduces uncertainty in government spending, especially in infrastructure investments.
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Japanese giants roll out the latest in LCD TVs
Major consumer-electronics players, including Panasonic, Sony, Toshiba, Sharp, Hitachi, Mitsubishi and JVC, rolled out their latest liquid-crystal-display (LCD) televisions at one of Japan's largest and most comprehensive exhibitions of cutting-edge IT and electronics.
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International Engineering builds up Live Inc holdings
International Engineering Plc has build up a stake in Live Incorporation Plc after buying 50 million shares over the past five months for a 2.19-per-cent stake in the firm formerly named BNT Entertainment Plc, while a person with political connections has unloaded all of his shares in Live.
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DEBT REPAYMENT
Pacific Asset to sell holdings
Company to use proceeds to settle debts and invest in new business opportunities
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BOT eases fears over higher rates
The Bank of Thailand said yesterday that interest rates on bank loans would not rise into the double digits anytime soon, due to flush money markets worldwide.
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AYF airs strategy to halt slide
After a three-year slide that has seen Ayudhya Fund Management (AYF) plummet from being the country's third-largest mutual fund company in 2003 to the near the bottom of the top 10, the company has reformulated its investment strategy in hopes of clawing its way back in three years.
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Govt urged to revive Eco-Car
The automotive industry has suggested the new government of Prime Minister Surayud Chulanont revive the old "Eco-Car" project, under which the previous government had proposed to assist auto-makers develop small, fuel-efficient vehicles as a way to help the Kingdom become the world's leading car exporter.
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LATE NEWS
New climate means price rises likely to be put on hold
Manufacturers are likely to put price increases on hold, following a decline in oil prices and a clearer political climate which is expected to boost spending in the next three months.
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Coup will not derail PTT's expansion
PTT Plc president Prasert Bunsumpun said yesterday that last month's coup would not interfere with his company's expansion plans.
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Budget delay dents SME centre openings
The plan of the Office of Small and Medium Enterprises Promotion (Osmep) to launch 50 business development service centres this year was shattered by the delay of the 2007 budget, with only 10 centres opened.
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Two new True plans target the hearing-impaired
True Corp Plc will ask the telecom regulator to look into alleged price dumping by market leader Advanced Info Service Plc (AIS), which it said would ignite a price war and strain smaller networks.
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Incoming govt 'will find it hard to please everyone'
Despite the full support of the Council for National Security, the soon-to-be-established government is likely to face difficulties in satisfying everyone in economic terms.
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RETAILING
Tesco Lotus under fire in Mae Sot
Store building without a permit: mayor
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