PROPERTY DEVELOPMENT
Prinsiri lining up US partner for JV
Share issue planned to finance new projects, land acquisition
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Banks' plea over shares
Due to tough economic conditions, commercial banks have asked the Bank of Thailand (BOT) to delay the deadline for selling shares of debtor companies that they derived from debt restructuring.
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Winds of change creating 'new species'
"Transforming from a fish into a giraffe" is how Vichit Suraphongchai, executive chairman of Siam Commercial Bank, describes the next phase of his bank's five-and-a-half-year-old restructuring programme.
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Exemption from 30% rule maintains inflows
The Thai stock market and direct investment continue to be attractive investment channels in foreign investors' eyes, because they are exempted from the withholding reserve requirement of the Bank of Thailand (BOT).
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Small builders shaky
Kasikornbank (KBank) does not favour giving loans to smaller property developers, even though its focus this year is on lending to small and medium-sized enterprises (SMEs).
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STOCK FOCUS
Land and Houses
Tisco Securities has maintained its "hold" rating on Land and Houses shares, with a 12-month target price of Bt6.50 apiece.
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Project targets counterfeiters
The Thai-Italian Chamber of Commerce has conducted a research project into intellectual property rights (IPR) in Thailand to assist the European Commission's drive against counterfeiting.
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Finance Ministry wants monthly profits from TOT
The government has asked state enterprises TOT and CAT Telecom to expedite their profits to the state on a monthly rather than a quarterly basis, because the government is running out of cash, says a Finance Ministry source.
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TOURISM
Club Med eyes Koh Samui
Club Med is looking to expand its business in Thailand by opening a village resort on Koh Samui after its first venture in Phuket has proved a huge success.
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Kosit: Govt's measures will succeed
A series of measures designed to jump-start government spending, private-sector investment and domestic demand will start yielding results in the coming months, Deputy Prime Minister and Industry Minister Kosit Panpiemras insisted last weekend.
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Hemaraj plans three new units for industrial estates
Industrial-estate developer Hemaraj Land and Development is studying a plan to restructure its business by establishing three subsidiaries, focusing on the water-management business, waste-treatment services and property development, says chairman Sawasdi Horrungruang.
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STREET WISE
Let us pity the poor punters
Finally, the interim government couldn't resist the temptation to dust off the two- and three-digit lottery system, in spite of the earlier controversy over its legality.
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Doi Kham moves into health foods
To tap into the current strong trend in health foods, Doi Kham Food Products, operator of the Doi Kham Royal Project, plans to use agricultural raw materials from the North to develop new health products.
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GSP Finance gets ready for flotation
GSP Finance (Bangladesh) is preparing for an initial public offering (IPO).
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SMEs confident of growth despite concerns over labour quality and government support
A lack of qualified workers, innovation and government support are cited as among major factors that hinder the competitiveness of SMEs across the region, according to the latest UPS Asia Business Monitor, an annual survey on SME competitiveness in Asia.
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Printing firm gets ready to take on the world
After succeeding on the domestic market by selling machines that transfer images onto many surfaces, Thai-owned company NHL Technologies is now expanding its business into international markets.
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Reach out, wirelessly
Intel's Accharas Ouysinprasert has been in IT for 30 years. He believes WiMax is the next big thing, going a long way to bridging the digital divide
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