TECH CONSOLIDATION
Samart lays out Bt500m on IT upgrade
Firm spending big
in bid to increase efficiency, reduce procurement costs
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Rayong Refinery's net profit drops by 35 per cent
Rayong Refinery's 2006 net profit plunged 35.24 per cent from Bt11.98 billion to Bt7.76 billion due to the decline in gross refinery margin (GRM) and the absence of gain from debt restructuring.
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Finansa turns to overseas investment
Financial adviser and securities broker Finansa plans to double its overseas investments, from between 20 per cent and 25 per cent of total investments to 50 per cent within the next three years, to diversify its sources of income.
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AIT to boost capital by 50 per cent
Advanced Information Technology (AIT) will increase its capital from Bt200 million to Bt300 million in June in preparation for its three-year expansion plan and to meet Stock Exchange of Thailand requirements.
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Private repurchase market welcomes specific business tax cut
Experts in the private repurchase market are upbeat about the reduction in the specific business tax from 3.33 per cent to 0.01 per cent, hoping it will boost transactions.
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Alcove Sukhumvit 49 to be built by end of the year
Smallest unit sells for Bt3.86 million
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La Royale celebrates
As concerns mount over whether the huge wave of large-scale residential projects launched during the past two years in Pattaya will ever be built, one developer is racing to fit out its 34-floor structure and sell off its last few units.
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Zinc price triples Padaeng earnings
Padaeng Industry, the sole zinc producer in Thailand, said its consolidated net profit jumped to Bt1.77 billion, more than triple its 2005 profit of Bt561 million, thanks to the increased zinc price over the past year.
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Mall Group sports the latest in sports goods
Relocating to lower-cost countries is allowing sports-equipment manufacturers to slash production costs by between 5 per cent and 10 per cent a year, leading to lower prices for consumers.
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IN BRIEF
Bt45m bonanza for Thai SMEs
Daiso Industries (Japan) in the past year ordered 2.59 million items worth Bt45 million from four Thai small and medium enterprises (SMEs) for its chain of 100 Yen Shops in Japan and other parts of the world.
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Spotlight on B'desh investment opportunities
Bangladesh has great potential to become both an offshore manufacturing base and centre for service-sector investment thanks to it being a labour-intensive country, rich in natural resources and with high demand for consumer goods, Thai businessmen were told yesterday.
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True's phone booth top-ups
Prepaid mobile-phone subscribers of True Move can now top up their call value at 18,000 public phone booths of True Corp in the Bangkok area.
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STREET WISE
Bt400 million, a mere bagatelle
Do you remember William L Monson? It seems the name rings a bell only for those who have closely followed news about former prime minister Thaksin Shinawatra.
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'Tourist fund' proposed for emergency incidents
The Tourism and Sports Ministry is negotiating with Airports of Thailand (AOT) to set up a "tourist fund'' to provide assistance to foreigners involved in emergency incidents while visiting Thailand.
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Retail draft fast-tracked
The Commerce Ministry will today propose the long-awaited draft retail business law to the screening committee for consideration, without the public hearing that other acts have.
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Uncertainty crimps franchise industry
The franchise industry is suffering a sharp slowdown due to the economic and political uncertainties, which delay an individual investor's decision to enter the business.
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Pollution cut 'vital to phase 3 of complex'
The Industry Ministry is planning to reduce pollution in Map Ta Phut Industrial Estate to pave the way for the Bt400-billion third-phase petrochemical complex, which could face viability problems if it is to be moved to the Southern Seaboard.
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GPF expresses interest in ShinSat, but would need partners
The Government Pension Fund (GPF) is open to investing in Shin Satellite at the right price - but does not want to go in alone.
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LATE NEWS
Rice exporters appeal for help
The Rice Exporters' Association yesterday called for relaxation of export standards by the Commerce Ministry to boost rice exports.
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NEW CONTRACTS
to boost Landy Home's revenue
Home-builder Landy Home (Thailand) expects its revenue to grow by 11 per cent to Bt500 million this year, thanks to new contracts late last year.
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Adfest gears up for 10th anniversary
The Asia Pacific Advertising Festival (AdFest) will celebrate its 10th anniversary next month with a four-day event at the Pattaya Exhibition and Convention Hall at the Royal Cliff Beach Resort Hotel.
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Nation Group joins bloggers
The Nation Multimedia Group (NMG), publisher of The Nation, has announced details of its latest media channel, a Web log - www.oknation.net www.oknation.net - in keeping with the group's plan to fully engage in the digital media era.
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Thailand Post, Avon Cosmetics team up for expansion
Direct sales company Avon Cosmetics (Thailand) is expanding its distribution capacity by resorting to deliveries by Thailand Post in 30 provinces.
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Australia proves a prawn in Thai side
The Australian government has come under pressure from a local shrimpers' association to immediately ban imported raw prawns, including those from Thailand.
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PETROCHEMICALS
Revitalised IRPC will pay a dividend
Company to reward shareholders for first time since plunging into debt in 1998
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