A real-estate survivor's tale
70-yr-old Chuan Tangmatitham, who has headed MK Real Estate during thick and thin for half a century, still oversees the developer's business policy while his children now take care of operations
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MOBILE PHONES
AIS first with 'cutting Edge' technology
Largest cellular operator promises nationwide coverage by May
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STREET WISE
Jam-packed in high society
Among the many five-star hotels in Bangkok, the Nai Lert Park Hotel is less talked about than the others. But that does not mean its services are in any way inferior, at least to the royal family of Bhutan.
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Consumer confidence slumps to five-year low
Consumer confidence plunged to a five-year low in February, hit by an unstable political outlook following MR Pridiyathorn Devakula's departure from the Cabinet, high oil prices and the strong baht, according to the University of the Thai Chamber of Commerce.
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Sweet-corn farmers turn sour on EU
The European Union's decision to impose an anti-dumping duty on Thai sweet corn will put 200,000 farmers and more than 20,000 food industry workers out of work, the Thai Food Processors Association said.
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Hot weather spells higher air-conditioner sales
Despite the economic and political uncertainty, the overall demand for air-conditioners is expected to grow this year, due to the early arrival of the hot season in Thailand.
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Company reports
GROUP LEASE said four directors - Likasit Pansomchit, Prapat Aphiphunya, Anurak Inthraphuvasak and Likhit Sirinarud - had resigned.
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STOCK FOCUS
KC Property
Kim Eng Securities (Thailand) has changed its recommendation for KC Property from "fully valued" to "accumulate", with a fair value estimate of Bt1.24 per share.
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Insurance firm targets 20% growth
Thai Insurance aims to expand at least 20 per cent this year, and more if TMB Bank helps by offering its customer base.
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NMG sees profits this year
Nation Multimedia Group (NMG) expects to turn a profit this year after posting net losses for five years in a row, on anticipation that political uncertainty will be cleared up to a certain extent.
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BOT extends its reach
Officials from the Bank of Thailand will conduct on-site examinations of the foreign branches of eight commercial banks this month.
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Late News
Thai Spa Day
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Media firm Keen to expand workforce
Local branding and creative-design agency Keen Media will bolster its Bangkok workforce and add another representative office in South Asia or the Middle East in the next nine months.
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Tax revenues flat in February
Government revenues were flat last month, as consumer spending and corporate earnings further slowed down.
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Maritime company can't buy ships
Jutha Maritime has revised its revenue-growth forecast for this year sharply downwards, placing most of the blame on difficulty found in procuring ships.
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SRITHAI FOODS
Lao plant gains upper hand from lower costs
Local labour far cheaper than Thailand's
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Tougher times for housing market
The housing market is in for a rough spell, and developers should be cautious about their investment plans, says Assoc Prof Manop Bongsadadt of the Department of Housing Development in Chulalongkorn University's Faculty of Architecture.
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BEC World upbeat on TV advertising
BEC World, operator of Channel 3, expects no low season in television advertising this year because a general election is expected towards year-end.
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Radio ads losing out to event marketing
Radio advertising prices will be cut between 10 per cent and 20 per cent this year amid decreasing ad spending on radio and high competition in the market.
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Bright and breezy
How to decorate your living room to give a bright and breezy welcome to your visitors and yourself? Take a peek at www.homeendi.com for creative and inexpensive suggestions that you can do by yourself.
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Roomy and intelligent interiors
Space, bright décor and IT systems are all to the fore at Vista Park
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Thai real-estate investment 'likely to slow this year'
After a buoyant 2006, real-estate investment in Thailand is likely to slow this year as investment sentiment has softened mainly due to political uncertainty and unstable government policies, said Longlom Bunnag, chairman and head of investments for Thailand at Jones Lang LaSalle property consultants.
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IN BRIEF
Thai funding
Bangkok Bank likely to lend $1 million to Alliance Tuna of the Philippines
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ONLINE RESERVATIONS
Asia Web Direct adds global reach
Pegasus system gives link to 60,000 hotels
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Hansar builds on Rajdamri
Lease units to provide value
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