PROPERTY
TCC Capital Land cuts new projects
Developer cites sluggish growth in home sales
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Foreign buying spree a welcome boost for brokerage houses
Brokerage firms, whose main customers are foreign traders, have obtained a larger market share in terms of trading volume following a buying spree by foreign investors since early this year.
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Manulife seeks a banking partner
Manulife Insurance (Thailand) is looking for a banking partner to expand its distribution channels through bancassurance.
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In brief :Patkol lands Bt200m deal in the Maldives
Construction firm Patkol has signed a deal worth Bt200 million to construct a cold storage in the Maldives.
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KTB stops all new debt refinancing
Krung Thai Bank is now rejecting loan applications for debt refinancing after finding that some borrowers were taking unfair advantage of its interest rates, which undercut those of other banks.
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Growth by 2 retailers 'likely'
Big C Supercentre and Robinson Department Store should post earnings growth for the first quarter amid a slowing economy and political uncertainties, CIMB-GK Securities (Thailand) said last week.
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PTT's profits fall
PTT's first-quarter net profit dropped 4.8 per cent from the same period last year, due in part to the strengthening of the baht.
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Economic woes hit SB Furniture
Major furniture manufacturer and distributor SB Furniture Industry is being affected by the sluggish economy.
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TV PROGRAMME PRODUCTION
JSL cuts costs as ad spending slows
20% reduction seen as crucial after sharp April decline in TV advertising
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Star Alliance goes for new strategy and new slogan
Star Alliance is developing a world strategy featuring re-branding, adding three airline members by 2008 in line with implementing e-travel and setting up Star Connection Centres in all countries where the world's largest airline network has a base.
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True Corp fends off suitors
Thanks to its diverse telecom businesses and its lack of a major foreign alliance, True Corp has become a hot target for foreign telecom firms seeking strategic-partnership deals.
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Outsourcing to India enables Benetton to sell 20% cheaper
Italian clothing giant Benetton has cut prices by 20 per cent this season thanks to lower production costs from suppliers in India, its Asia-Pacific chief executive said at the weekend.
Diego Menarin said prices were generally down by about one-fifth.
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Red Line trains to be driven by diesel
The Red Line mass-transit route, to be proposed to the Cabinet on May 22, will change from the originally planned electric rail system to a diesel-fuelled system, the Office of Policy and Planning for Transport and Traffic said late last week.
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STREET WISE
Just as sweet by any other name
One of the legacies of former prime minister Thaksin Shinawatra is his use of the term ua athorn.
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Late news :Magnecomp reports Q1 loss on lower sales
Magnecomp Precision Technology, which specialises in designing, developing and manufacturing suspension assemblies for the hard-disk-drive industry, announced sales of Bt2.3 billion in the first quarter of the year, down 7 per cent from the same period last year.
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Pawnshops doing brisk trade
The pawnshop business has shown strong growth this year, up 16.2 per cent and worth Bt106.7 billion to date, following the slight economic expansion and a rise in consumer spending, especially at the beginning of the school term.
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Pata's Bangkok summit
The Pacific Asia Travel Association (Pata) has confirmed initial details of its first-ever annual summit, a unique forum for the world's travel and tourism leaders to focus on the big strategic issues facing the industry. It will be held in Bangkok.
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Dbook Club upbeat on first-year prospects
Dbook Club, a provider of one-stop electronic multimedia services via the Internet, targets to have more than 100,000 members and up to Bt200 million in sales revenue for its first operational year in 2007.
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The joys of telecommuting
Traffic snarls, the rapid development of information and Internet technology and the need for more time with the family are driving many to work at home for companies that are sometimes oceans away
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