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Fri, January 26, 2007 : Last updated 22:27 pm (Thai local time)



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Research centre to help Tesco improve its house brands

Tesco Lotus yesterday announced the opening of a research centre aimed at strengthening its house-brand business.




Govt insists iTV settle unpaid fees this month

The government will not consider five proposals from the broadcaster iTV unless it pays the balance of unpaid concession fees totalling Bt2.21 billion by the end of this month.





Rising costs may push up milk price

CP-Meiji says the milk industry has been suffering from a severe shortage of raw supplies for two years now, which has caused all producers to shoulder higher costs and means the company might need to raise its prices.



Luxury and simplicity

Two interior designers have chosen Martha Stewart furniture to contribute to the warm and soft feel in the high-end Narasiri Home



More thoughtful measures needed to boost confidence

CB Richard Ellis monitors fall-out from state-proposed Business Act



Casavela to offer 6% yields

Builder embarks on Samui project after selling out Clover estate



Rags to riches

The owner of the Gempeace by Chuchai stores started his working life at 16 making souvenirs for sale to tourists. He now has two of the capital's most fashionable jewellery outlets - and a Bt200m home

LATE NEWS

True Value switches focus to become a distribution centre

True Value, an outlet for US tools, is being transformed from a retail channel into a distribution centre.



New Raimon Land investors expect returns of up to 30%

New directors representing two Middle East investors with a combined 49.8 per cent stake in property developer Raimon Land have said they expect a return of up to 30 per cent on their Bt2-billion investment.



Book sales set to jump by 10 per cent

This looks like an unstable year for the economy but a good one for publishers and booksellers, as they are predicting sales will increase by Bt1.7 billion, or about 10 per cent.



LPG export duty announced

The Energy Policy and Planning Office yesterday said it had started levying additional duty on exported liquefied petroleum gas (LPG).



Small businesses rally in favour of retail law

Small retailers nationwide yesterday urged the Commerce Ministry to hasten the progress of the country's first-ever retail business law for Cabinet approval, because they fear that any delay would prompt the government to reverse its policy and favour foreign operators instead.



Cosmetics firm targets provinces

DHC (Thailand), importer and distributor of DHC cosmetics and skincare products from Japan, yesterday announced its 2007 strategy to penetrate provincial markets after witnessing good potential since it entered Thailand in 2004.



Industrial confidence falls further

The Industrial Confidence Index in December was still below the 100-point level for the ninth consecutive month, due mainly to the fluctuation of the baht and the cloudy political situation.



True Move gives ground on access fee

True Move has agreed to pay an access charge to TOT, CAT Telecom's senior executive said yesterday.

FINANCE MINISTRY

Plan in place for economic downturn

Cut in interest rate should serve to boost consumption and investment, says Somchai



SVOA to concentrate on modern trade

SVOA will focus its business on modern trade channels and expects to gain an 8-per-cent share of the local PC market this year.



Call for better security

Senior representatives of Thai tourism have been told that the industry needs to upgrade its security standards.



Nestle Pure Life plans major ad campaign

Nestle Pure Life has announced its plan to penetrate the bottled-drinking-water market further by introducing three new television commercials using the concept "Share Your Lively Life. Share with Nestle Pure Life", to promote pure drinking water as a life necessity for the younger generation.

IN BRIEF

Seminar: Deputy PMs to debate investment and curbing currency fluctuations

The Export-Import Bank of Thailand, in cooperation with the Federation of Thai Industries (FTI) and the Board of Investment, will organise a seminar titled "Investment Directions in 2007 and Getting Ready for the Fluctuating Baht" for entrepreneurs, investors and the general public.



Thailand urged to get tough with movie pirates

The Motion Picture Association, an international trade organisation representing six major Hollywood studios, has called for stricter laws and more severe penalties to curb rampant piracy in Thailand, claiming the current Copyright Act 1993 is too weak.

EXPORT FOCUS ON LA BICYCLE BRAND

Local maker to produce more bikes under its own name in foreign-market push

LA Bicycle (Thailand) has set a five-year plan focusing on building its LA Bicycle brand to capture more export markets.



BOT's advice over money laundering

The Bank of Thailand (BOT) has asked financial institutions to take a close look at customers who are politically involved overseas in order to prevent money laundering and the financing of terrorist activities.



Chartered directors to make their market debut

Around the end of March, a group of chartered directors - persons whose sole job is to work as independent directors in listed companies - will be introduced into the market. Firms on the Stock Exchange of Thailand (SET) will then be able to invite them to serve on their boards.



KTAM aims for a return to top three

After letting other bank-backed competitors enjoy huge growth by using debt tool funds, Krung Thai Asset Management (KTAM) aims to climb back into the top three in the mutual fund sector this year.



Slower growth in plastic spending

Credit-card spending and the number of cards in circulation are both likely to see slower growth this year, as consumers grow more concerned about their future income due to the economic slow-down, according to a study by the University of the Thai Chamber of Commerce (UTCC).

FRIDAY BUG

BOT and the power of the left side

The theory of the structure and functions of the mind suggests that the two different sides of the brain control two different "modes" of thinking. It also suggests that each of us prefers one over the other.

BANKING SECTOR

Lending rates set to fall after deposit reductions

Cost of borrowing likely to decrease as banks weigh up the cost of funding, says Bangkok Bank president Chartsiri

STREET WISE

Worn down in just 106 days

Having been in office for 106 days, Commerce Minister Krirk-krai Jirapaet realises that his life is quite different from the days he was spending in retirement.



Map Ta Phut mulls new port

The Industrial Estates Authority of Thailand (IEAT) is studying plans to build another port at Map Ta Phut, to accommodate more vessels, says authority governor Uthai Junthima.

STATE TELECOMS AGENCY

Saprang to chair TOT board

ICT minister says strong personality of junta assistant secretary makes him suited to the post, despite also being AOT chief






Top Stories



Still so many questions

TAT firmly focused on quality tourism

Microsoft expects quick shift to Vista

Steps urged to solve major tourism problems

Microsoft upbeat on Thai prospects


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