COFFEE MARKET
Nestle takes total control
Local arm takes over marketing, distribution of ready-to-drink products
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PTT plans more retail outlets in Philippines
PTT Philippines will expand its retail network in the Philippines by another 10-20 petrol stations, reports The Philippine Star.
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Thais may relocate textile units to Bangladesh
With Bangladesh's abundant and cheap labour, low infrastructure costs and congenial investment climate, Thailand has expressed interest in relocating its textile and garment industries here.
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IN BRIEF
Yunnan :Thai Airways adds Lijiang to getaway package
Thai Airways International (THAI), together with Banyan Tree Hotels and Resorts and American Express, held a joint ceremony launching THAI's latest Royal Orchard Holidays package, "Lijiang Great Escapes: A Passage to Shangri-La".
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South Songkran fest lures tourists
The upcoming Songkran festival is expected to draw more foreign exchange income to the South with various activities planned to entertain tourists.
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AOT to choose new contractor
Transport Minister Theera Haocharoen yesterday said he had empowered Airports of Thailand (AOT) to make the decision on who will be the next operator of duty free shops and manager of commercial areas at Suvarnabhumi Airport.
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ICT: Telecom pool only for TOT and CAT
The Information and Communications Technology Ministry said that the planned national telecom network pool would include only the networks of TOT and CAT Telecom.
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Firms expand SMS service
Mobile-phone users of CAT Telecom and its joint venture Hutchison-CAT can now send short messages from any provinces as the two firms are collaborating to provide an SMS roaming service nationwide.
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Inflation won't rise above 2.5%
The Commerce Ministry is standing by its forecast that Thailand's inflation rate will not exceed 2.5 per cent this year despite an increase in the rate last month.
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Bamboo boom anticipated
The Agricultural Land Reform Office will launch a pilot project to encourage farmers to grow more bamboo to support toothpick and chopstick exports.
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Late News :True Move in joint venture for international calls
Cellular operator True Move will join with Japan's Internet phone distributor AnyUser to set up a 55:45 international-call joint venture called AnyMobile, to be incorporated in Japan.
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NEW FUEL
Drive for biodiesel shifts gear
Requirement to add vegetable-based ingredients starts next year
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TELEVISION PROGRAMMING
Reshuffle at Modernine
Channel 9 hopes to reverse falling ad income
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Sales slide by 30% at motor show
More than 3,000 vehicles have been purchased during the first three days of the Bangkok International Motor Show - a drop of 30 per cent from last year's figure - suggesting a relatively low desire to spend in the present murky political and economic climate.
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Lessons from US-South Korean FTA
A Thai official said that a landmark free-trade agreement (FTA) between South Korea and US should enable Bangkok to negotiate a better trade deal with Seoul during the upcoming Asean-South Korea free-trade talks next week.
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Revenue Dept sees Bt15-bn shortfall
The Revenue Department expects revenue collection this fiscal year might be Bt15 billion short of its original target of Bt1.141 trillion, as revenues collected last month were far below the target, says director-general Sanit Rangnoi.
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STREET WISE
Teardrops fall on scholastic pyramid
The Asian Development Bank's latest report is chock-full of good news.
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JP Morgan puts 3 lenders in spotlight
JP Morgan has identified three potential targets for further consolidation in the increasingly competitive Thai banking industry: Siam City Bank (SCIB), Kiatnakin Bank (KK) and Tisco Bank.
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Curbs on investment vehicles
Following the drop in new car sales in the first quarter, Ayudhya Fund Management (AYF) has announced that it will restrict its investment in debentures issued by automobile companies to those that carry an AAA rating.
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Big rate cut needed to prod banks
Banks are likely to cut both deposits and lending rates further if the Monetary Policy Committee (MPC) cuts its one-day repurchase rate by 50 basis points at its April 11 meeting, according to a banker quoted by Krungthep Turakij.
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Company reports
FINANSA's board endorsed its Finansa Fund Management subsidiary establishing a new subsidiary, Finansa Hitech.
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Stock focus :Kasikornbank
Tisco Securities has maintained its "buy" recommendation on Kasikornbank shares, with a 12-month target price of Bt70 apiece.
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He put you there
The man who got the Thai language on the Internet is still battling to keep surfing affordable for everyone
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