DRINKS SECTOR
Pepsi enters red-tea market
Bt10m drive for 'sweet and sour' herbal beverage
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Ever the optimist
Hui Weng Cheong, one of AIS's top executives, is convinced that the
only way out of a crisis is to think and act positively
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Budget utilisation put at 93%
Government spending accelerated last month and the Finance Ministry expects the government to meet a target of 93 per cent of budget utilisation this fiscal year.
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IN BRIEF
Regional Container Lines scores record
Regional Container Lines enjoyed record business in the fourth quarter of 2006, moving 643,600 twenty-foot-equivalent units.
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Google now on AIS cellphones
Major cellular operator Advanced Info Service has teamed up with the world's leading search engine Google to enable its subscribers to easily access Google's services on their mobile phones.
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DTAC and TOT go to arbitration
DTAC and TOT entered a process of dispute settlement before a panel of the National Telecommunications Commission (NTC) yesterday.
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LATE NEWS
Thai TVs likely to lose GSP
Thai-made colour television sets and some polyethelene exports to the United States are likely to lose tax privileges under the US Generalised System of Preferences (GSP) due to high export volume and value.
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Travel sector eyes India's middle class
A strong, consumption-driven economy, a large and increasingly affluent middle class, and the ongoing liberalisation of air transport will contribute to 10-per-cent annual growth in Indian outbound travellers to the Asia-Pacific region over the next three years, Web-based tourism news agency eTurboNews has reported.
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Conflicting estimates on gem and jewellery exports
Despite high competition in the world market, the Commerce Ministry insists the country's gem and jewellery export industry should achieve 20-per-cent growth this year, reaching US$4.37 billion (Bt155 billion).
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Maldives air deals for newly-weds
Bangkok Airways expects to capture a new target group of honeymooners by joining with NEC Exhibition Organiser (Neo) to promote ticket sales of Bangkok-Maldives flights at a wedding fair to be held mid-year.
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Samart interested in ShinSat
Samart is conducting a feasibility study into acquiring shares of Shin Satellite (ShinSat), company president Vatchai Vilailuck said yesterday.
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ThaiBev cashesin on lighter beers
Thai Beverage, the country's leading alcoholic-drink company, saw sales rise to almost Bt100 billion last year, due mainly to increased sales of beer in the low-alcohol segment.
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Pentel launches aggressive bid for share of pen market
Pentel, a leading manufacturer of stationery products from Japan, yesterday announced an aggressive campaign to boost its share of the Bt1.5-billion Thai pen market by taking 20 per cent of sales in the premium-branded pen category this year.
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ENERGY SECTOR
Banpu plans US$120m in foreign investments
Indonesian coalmines and Chinese power business set for ambitious expansion
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STREET WISE
The financial art of fortune-telling
For reporters stationed at the Bank of Thailand, the sudden resignation of deputy prime minister and finance minister Pridiyathorn Devakula from all of his positions yesterday was simply confirmation of . . . no, not conflicts with Prime Minister Surayud Chulanont's government (everybody knows that).
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TCC Group earmarks Bt20 billion for new projects
TCC Group, a property arm of beverage tycoon Charoen Sirivadhanabhakdi's empire, plans to invest Bt20 billion to develop new residential projects and hotels this year.
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LH aims to refresh its brand
Thailand's largest property firm, Land and Houses (LH), has announced a brand-refreshing strategy to reach home-buyers below the age of 30, in a bid to recoup its market position after suffering a 36-per-cent tumble in profits last year.
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New question mark over mass-transit routes
While MR Pridiyathorn Devakula's resignation as deputy PM and finance minister is not expected to disrupt Thailand's investment in five electric-train routes, there is uncertainty about whether the road show planned for Japan by the Stock Exchange of Thailand (SET) will proceed this month.
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Thai shares slump 2.76% on global, local developments
Thai shares tumbled 2.76 per cent at one point yesterday on an across-the-board selling spree, sparked by a steep plunge in stock markets around the world and the unexpected resignation of MR Pridiyathorn Devakula as deputy prime minister and finance minister.
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Krirk-krai staying on
Despite yesterday's resignation of MR Pridiyathorn Devakula as deputy prime minister and finance minister, Commerce Minister Krirk-krai Jirapaet insists he will not quit anytime soon.
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MCOT posts big revenue, profit rise
Modernine TV operator MCOT yesterday reported 2006 revenues of Bt4.3 billion, a 26-per-cent increase on Bt3.4 billion the previous year. Net profit jumped 36 per cent to Bt1.5 billion.
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SET gets tough over free-float rule
The Stock Exchange of Thailand will be allowed to delist companies that fail to comply with the 15-per-cent free-float rule.
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CPF earnings down on rising expenses
Charoen Pokphand Foods (CPF), the agricultural conglomerate, yesterday reported a sharp drop in its consolidated net profit, due mainly to higher expenses.
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Time to buy, say FIF managers
Although yesterday's drastic drop in stock values on global markets might affect foreign-investment funds (FIFs), fund managers are advising that now is a good time to buy.
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