PROPERTY SECTOR
NC Housing changes focus
New projects target middle- to lower-income markets
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Period extension
The Bank of Thailand has extended to 15 days the period that exporters and foreign-income earners can hold their foreign-exchange income before selling it to commercial banks or authorised companies.
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Q-Con hit by higher expenses
Quality Construction Products (Q-Con) posted a first-quarter net loss of Bt21.61 million, quadruple that in the same period last year, due to higher interest rates and raw-material costs and continuing marketing activity, the company reported to the Stock Exchange of Thailand.
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CPF plunges to Bt1.14-bn loss in Q1
As a sign of the economic times, one of Thailand's strongest companies, Charoen Pokphand Foods (CPF), has recorded a first-quarter net loss of Bt1.14 billion, due mainly, the company says, to a decline in domestic prices for meat products, the appreciation of the baht and increased prices for raw materials.
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IRPC delays phase-2 upgrade to next year
IRPC has postponed the second phase of its refinery upgrade to next year, as the government has pushed out implementation of the Euro IV environment standard by a year to 2012.
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IN BRIEF
PATA appointment for TAT's Phornsiri
Tourism Authority of Thailand governor Phornsiri Manoharn has been voted the Pacific Asia Travel Association's chairman (government category) for the 2007-08 year.
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Rise in GSP exports to EU
Thai exports to the European Union under the generalised system of preferences (GSP) reached US$5.15 billion (Bt179 billion) in 2006. This represents a 31-per-cent increase from the previous year, the Foreign Trade Department said yesterday.
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Single global standard proposed for halal foods
A single standard for halal foods along with a single international logo will be established within the next few years in cooperation between halal food-supplying countries and Muslim nations, say Thai and Malaysian officials.
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LATE NEWS
PTT gives details of merger plan
PTT will merge Aromatics (Thailand) and Rayong Refinery into a new entity, which will be owned 49 per cent by PTT.
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TOURISM INDUSTRY
This year's target will be met: TAT
Visitors from emerging markets
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RSU Healthcare opens 3 new centres
The Ourairat family has re-entered the healthcare business in a big way by opening RSU Healthcare consisting of four medical centres after the family lost control of the Phyathai Hospital in the wake of the 1997 economic crisis.
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Focusing on the newly weds
The economic situation may fluctuate but the average number of couples getting married remains steady, at about 200,000 a year.
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Tax revenues lower than expected
Government revenues were short of previous projections by 9 per cent last month and by one per cent in the first seven months of the current fiscal year, Finance Ministry spokesman Somchai Sujjapongse said yesterday.
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AIS denies 'excise gain'
Advanced Info Service (AIS) yesterday denied the Assets Examination Committee (AEC) charge that it had gained a special advantage from the telecom excise policy of the ousted Thaksin Shinawatra government.
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Nestle's Bt100m toddlers' milk push
Nestle (Thai) is spending Bt100 million on penetrating the growing-up powdered milk segment with its Bear Brand Advance Protextion line.
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New deal promises growth in Ukraine
Thailand and Ukraine expect to increase two-way trade and investment 20-30 per cent under a new agreement to tighten economic cooperation, Commerce Minister Krirk-krai Jirapaet said yesterday.
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STREET WISE
Conserve energy: show your knees
Ultra-conservative former senator Rabiabrat Pongpanich may have to think twice before she steps into the offices of Krungthai Card (KTC).
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RETAIL BUSINESS
Plea to use building code to block expansion by giant retailers
A group of small retailers has urged the Interior Ministry to exercise its building code in order to block any expansion by mega-retailers across the country.
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Please call us Egco and not Egcomp
Electricity Generating, Thailand's first independent power producer, is changing its trading symbol from Egcomp to Egco to increase its effectiveness in brand communication at a time when it is seeking to expand its investment in the local power industry.
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Sanyo Electric opens refrigeration plant in Chachoengsao
Sanyo Electric, the Japanese appliance manufacturer, has strengthened its presence in Thailand with the opening of its first refrigeration system factory in Chachoengsao.
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Thailand's competitiveness ranking slips
Emerging nations are rapidly rising to contest the long-standing competitive supremacy of industrialised countries, according to the 2007 edition of the World Competitiveness Yearbook, published by the Swiss executive business school, the International Institute for Management Development (IMD).
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