CONDOMINIUM PROJECT
Anand cuts his cloth and turns to property
Career change pays off as developer targets revenue of Bt300m next year
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IN BRIEF
Real estate :Property Choice to auction off Bt30m of Nonthaburi property assets next month
Property Choice is preparing to unload foreclosed properties in Nonthaburi province worth over Bt30 million in auctions on April 4 and April 11 at various offices of the Legal Execution Department.
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TFM in joint venture with US shrimp firm
Thai Union Feedmill (TFM), a processor and exporter of shrimp and fish feed and a subsidiary of Thai Union Frozen Products (TUF), has set up a Bt400-million joint venture with US-based shrimp breed developer High Health Aquaculture called High Health (Thailand) (HHT).
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PWO pledges crack-down on corruption
As the Commerce Ministry's marketing arm, the state-owned Public Warehouse Organisation (PWO) will draw up more stringent restrictions to monitor the farm-production pledging programme.
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Franchisers worried about new law draft
Companies with franchise operations have pointed out what they claim are problems with the latest draft of Thailand's first-ever Franchise Act.
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SMEs warned to avoid risk
To prevent future risk, Thai small and medium-sized enterprises (SMEs) should integrate supply-chain and logistics management into their business operations, say experts.
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THAI set to sell four aircraft
Thai Airways International (THAI) plans to sell four A340-500 aircraft to South African Airways.
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CABINET
'Wasteful' trade office is scrapped
Move aimed at reducing job duplication
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Another 10 branches planned for local sports group
CRC Sports, operator of Super-Sports and Fit by SuperSports stores, plans to open another 10 outlets around the Kingdom this year at a total cost of Bt90 million to Bt105 million.
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Seafood :Shrimp exporters get tax reduction
The Vietnam Association of Seafood Exporters and Producers (VASEP) has quoted Intrafish as saying that two Vietnamese shrimp exporters were accepted for tax reduction in the US market in this year's administrative review.
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SCBAM offers new investment choice
Siam Commercial Bank's asset-management unit, SCB Asset Management (SCBAM), is providing a new provident-fund investment package called SCBAM Employee's Choice.
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Cabinet to review 2008 fiscal budget proposals on Saturday
The Cabinet will gather on Saturday to reconsider the 2008 fiscal budget, Deputy Prime Minister Kosit Panpiemras said yesterday, in a move which could see changes to the planned deficit of Bt120 billion.
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Listed company dividends up
Of the 462 companies listed on the Stock Exchange of Thailand (SET), 225 will make dividend payments totalling Bt178.45 billion for last year's performance, up 10.37 per cent from the previous year
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Finance firms to recapitalise
Five specialised financial institutions will raise funds totalling less than Bt30 billion, to comply with the new accounting standard, says Fiscal Policy Office director-general Pannee Sathavarodom.
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company reports
ABICO HOLDINGS shares were suspended further yesterday by the Stock Exchange of Thailand, following its first suspension in the first trading session of March 2, because the company must prepare a rehabilitation plan.
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STOCK FOCUS
PTT Chemical
Phatra Securities has upgraded its recommendation on PTT Chemical shares to "buy", with a price objective of Bt92 apiece.
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More than just a makeover
Top Shiseido researcher Yoshimaru Kumano is banking on R&D or cosmetics that combine function, sensibility and safety
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Stop leaning on BOT, central bank tells exporters
The Bank of Thailand's audit committee said yesterday that exporters should learn to stand on their own two feet, as the central bank cannot protect them forever from the baht's inherent strength.
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Capacity boost at GS
Siam GS Battery, the GS-brand battery manufacturer, is to invest Bt120 million this year to boost its production capacity and buy more advanced technology.
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Smoke hanging over northern tourist trade
The smoke affecting much of the North is likely to hit tourism during next month's Songkran holiday, says the Chiang Mai Tourism Association.
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NLA draft on FBA will reopen debate
The government is likely to face a tough debate today regarding the new draft of the amended Foreign Business Act (FBA) that was drawn up by a group of National Legislative Assembly (NLA) members and will provide greater flexibility on voting rights.
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STREET WISE
Adultery cost: Bt200 million
The lawsuit against Pemmika Veerachatraksit for having an affair with a married man could wind up being one of the most expensive cases.
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