ENGINEERING PLASTICS
Mitsubishi sets up local sales unit
New subsidiary will also handle marketing
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Revenues are higher than target
Government revenues in October rose 31.4 per cent from the same period last year to Bt106.49 billion, 2.4 per cent higher than the target, Finance Ministry spokesman Somchai Sujjapongse said yesterday.
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LATE NEWS
Foreign business issues studied
At the first meeting with the private sector to review the Foreign Business Act yesterday, Deputy Prime Minister MR Pridiyathorn Devakula told the public/private panel to study four key legal issues.
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GM to expand production capacity in its Thai plant
General Motors (GM), the world's leading carmaker, plans to expand the production capacity of its Thai plant.
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Govt revises rice-stock management
The Commerce Ministry yesterday announced a new rice-stock management system, with a schedule to release its stockpile twice a month to ensure market supply and stabilise prices.
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THAI names five new members to its board
The Thai Airways International (THAI) board yesterday appointed five directors to succeed those who resigned recently.
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Change in policy gives fund better rates of return
The Government Pension Fund yielded an annual rate of return on investment of 7.05 per cent in the first nine months of the year, thanks to its policy of shifting its investments in debt instruments to longer maturities.
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The Mall foresees growth through ladies' accessories
The Mall Group yesterday expressed confidence it could increase sales 50 per cent to Bt350 million with its Accessories Bazaar for women, located in all branches of The Mall, as well as in The Emporium and Siam Paragon shopping complexes.
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Sufficiency and productivity are key
Kosit Panpiemras will not have an easy task trying to communicate the government's new economic policy platforms. He talks to the Business Desk.
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STREET WISE
Raising a stink at the flower expo
Chat Thai Party leader Banharn Silapa-archa yesterday came up with some quite harsh comments over the state of Suvarnabhumi Airport.
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IPP bidding now open to all
State utility Electricity Generating Authority of Thailand and all companies including Egat's subsidiaries will be allowed to enter the Energy Ministry's second round of bidding for electricity from independent power producers (IPPs).
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Thailand looks to ride health, beauty boom
Thailand's high profile health and beauty sector has raised the expectations of the Commerce Ministry, which now expects the industry to achieve 20-30 per cent export growth next year, Commerce permanent secretary Karun Kittisataporn said yesterday.
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Firms eye foreign partners for rail lines
Construction firms are poised to patch together deals with companies from Japan, Germany, China and France to construct five electric rail routes linking Bangkok with its suburbs after the Cabinet approved the projects on Tuesday.
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Gold Plan chief moves into property
The biggest investor in the Stock Exchange of Thailand, who has links with the Shinawatra family, is branching out from construction into property development with the planned launch of three projects worth Bt9.6 billion.
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FTI handed responsibility for SMEs
The Industry Ministry has assigned the Federation of Thai Industries (FTI) to oversee six new projects to develop small and medium-sized enterprises, with a budget of Bt1.2 billion in fiscal year 2007.
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ANALYSIS
Temasek secrecy has dented trust
Singaporean Senior Minister Lee Kuan Yew recently defended the secrecy over the financial aspects of the controversial takeover of Shin Corp by Temasek Holdings, saying the Singaporean government does not need to disclose everything about its investments.
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RK Media aims to cut losses
RK Media Holding plans to expand its entertainment business lines and is seeking partners in an attempt to become a profit-making firm next year, after recording losses for two successive years.
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TMB Bank acts to beat competition
TMB Bank plans to expand its retail business aggressively next year through increased home loans and loans to small to medium-sized enterprises (SMEs), says CEO Subhak Siwaraksa.
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IN BRIEF
BIOTECHNOLOGY
Thai and S Korean experts to discuss collaboration at Biotec this month
The National Centre for Genetic Engineering and Biotechnology (Biotec), under the Science and Technology Ministry, and the Korean Research Institute of Biotechnology and Bioscience have joined forces to organise a business-to-business meeting between South Korean bio-industries and Biotec.
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Push for M'sian rice
The Malaysian Agricultural Development Authority (Mardi) recently introduced a new fragrant rice in a challenge to Thailand, saying it is better than imported Thai rice.
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CPF plans $3m expansion into Laos
Charoen Pokphand Foods plans to invest US$3 million (Bt110 million) in Laos.
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