PLUS PROPERTY
Ten new projects this year
Condominiums, town-house estates to be featured at different sites in Bangkok
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NESDB maintains growth forecast
The National Economic and Social Development Board (NESDB) has maintained its economic growth projection of 4-5 per cent for this year, compared with 5 per cent last year.
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AFM to launch dividend stock fund
Ayudhya Fund Management (AFM) is launching an open-ended dividend stock fund and expects to generate better results than the overall dividend yield of the listed companies in the Stock Exchange of Thailand.
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Mid-sized construction firms search for loans
Some medium-sized construction companies are now desperately seeking unconventional loans outside of the financial system, because their cash flow has fallen short, says Prapas Tonpibulsak, chief investment officer at Ayudhya Fund Management.
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Company reports
CORRECTION: The Nation would like to correct the dividend-payment figures listed for Bangkok Aviation Fuel Services on page 8B in the March 6 edition.
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TCC Agro to snap up Siam Food Products
TCC Agro-Industrial, owned by liquor magnate Charoen Sirivadhanabhakdi, has signed a memorandum of understanding (MoU) with Thai Food Pattanakij to acquire an 81.12-per-cent stake in Siam Food Products (SFP) in a buy-out deal worth Bt1.62 billion.
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CAT talks with Hutchison about handsets
CAT Telecom is in talks with Hutchison-CAT about possible branding and handset-procurement collaboration of their broadband cellular services.
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Permission sought to shut down telegraph service
CAT Telecom has requested permission from the national telecom regulator to shut down its loss-making telegraph business. National Telecommunications Commission (NTC) secretary-general Suranan Wongvithayakamjorn said the NTC had yet to grant the request, pending CAT's submission of real service demand.
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PTTEP finds more gas off Burma coast
PTT Exploration and Production (PTTEP) has found more natural gas off the coast of Burma.
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Union demands halt to foreign retail expansion
The Opposition to Multinational Business Union has called on the Interior Ministry to implement city planning laws to stop multinational retailers opening new branches before the country's first-ever Retail Business Act becomes law.
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Sena projects
Sena Development Plc would launch 10 residential projects worth Bt1 billion this year for the middle-to lower-income market.
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NESDB backing for energy plan
The National Economic and Social Development Board yesterday backed the Energy Ministry's plan to construct the country's first nuclear power plant, saying the future may hold more fuel crunches.
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Chinese materials supplier eyes retail market
Glory-Thai Intercontinental hopes to enter the retail market after spending over 10 years supplying Chinese construction materials and home-decoration items to local construction companies and developers.
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Water panel for Eastern Seaboard
Representatives from the Commerce, Industry and Banking sectors are to consult with the National Economic and Social Development Board on the setting up of a committee to solve water shortages in the Eastern Seaboard Industrial Estates.
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Watch retailer says time to look beyond Bangkok
Ultimate Time, importer and distributor of seven fashion watch brands and a pen brand, is planning to tap markets upcountry, as the proliferation of branded products in the capital is leading to a price war.
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PRECIOUS SHIPPING
Thai firm blames China for plunge in Q4 profits
Purchase of larger ships is planned
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Thailand makes plans to be a regional MICE hub
The Thailand Convention and Exhibition Bureau (TCEB) plans to promote Thailand as a regional hub of the meetings, incentives, conventions, and exhibitions (MICE) business, and believes it will achieve its goal by 2010.
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LATE NEWS
Insurance :Government urged to increase tax relief for policyholders
The Thai Life Assurance Association yesterday urged the Commerce Ministry to support the plan to increase tax deduction to policyholder from Bt50,000 to Bt300,000, in a bid to encourage more people to invest in life insurance policies.
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Minor planning a major push into high-end property market
Hotel and leisure company Minor International is stepping into the property business by investing in two luxury residential projects on Koh Samui and in Bangkok with price tags of up to Bt150 million per unit.
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First drop in total earnings
The total earnings of 519 listed companies in 2006 were down by 12 per cent from the previous year to Bt469.35 billion, the first drop in annualised income since 2001.
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7-Eleven aims at local expansion
CP Seven Eleven will spend Bt4.3 billion this year, mainly to expand its 7-Eleven convenience-store chain in Thailand and Lotus Supercentre network in China.
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Testing times
Chalongbhop Sussangkarn, president of the Thailand Development Research Institute (TDRI) and one of the country's top economists, will face a challenging task in proving whether the economic ideas he has been preaching for years can be implemented effectively after he is named the new finance minister.
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BOT to discuss capital control with Chalongbhop
Bank of Thailand (BOT) Governor Tarisa Watanagase said yesterday that the central bank may discuss with Chalongbhop Sussangkarn, who is tipped to be named the next finance minister, the capital-control measure but did not say whether it would be revoked.
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STREET WISE
Bombing blasts hole in tourism
Tourism income has become increasingly important for every country in the world.
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Siblings on show
Though newcomers, Chalaichai and Chamaiporn Paphatphong of IMC plan to make a big splash at the Motor Expo this year
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