FOREIGN BUSINESS ACT
Amendments in force soon
Rectifying process to be concluded by end of July
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Slow-down in sales of digital cameras
Thailand's political and economic difficulties have resulted in a shrinking demand for digital cameras - the first slow-down in the product's history.
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Stake in tower
Industrial-estate company Hemaraj Land and Development has paid Bt855 million for a major stake in the UM Tower on Ramkhamhaeng Road and an adjacent 0.16-hectare plot of land. The deal was made through a new subsidiary, H-Phoenix Property.
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Asia set to fly high in air travel
Asia is projected to be the world's largest air-travel market by 2010, with an additional 222 million passengers.
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GASOHOL
Drive for super fuel
PTT plan would help luxury cars
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Samsung planning to clean up in Thailand
Thai Samsung Electronics expects to be selling one in every four washing machines in Thailand by 2010. It wants to increase its market share this year to 18 per cent.
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Inhalant boost
Bertram Chemical (1982), manufacturer and distributor of Siang Pure Oil and Siang Pure Balm, has joined Amway (Thailand) in pushing its Peppermint Field into the domestic inhalant market via Amway's direct-selling channel. The company expects to double its sales to Bt100 million in the second half.
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Packaging so important for US market, seminar told
Marketing and packaging design experts from the US have suggested that Asean operators create value-added packaging that is suitable for the changing behaviour of consumers in the American market.
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Central Group rebranding hotels
The Central Group is rebranding its hotel business, naming it Centara Hotels and Resorts, to mark its expansion, both locally and abroad.
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Nissan upbeat about eco-cars
Nissan, like other auto manufacturers, is hoping that privileges for auto-makers taking part in Thailand's eco-car project will be improved and believes the requirement for production of 100,000 units within five years is "advantageous to the country's biggest carmaker", says president and CEO Carlos Ghosn.
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SPECIAL
The day that shook the world
Anoop Singh is now director of the Western Hemisphere Department of the International Monetary Fund (IMF). He recalls his experiences dealing with the financial crisis in Thailand from 1997-99.
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STREET WISE
Rapacious Army at receiving end
It's not surprising that critics have turned their attacks on the Royal Thai Army, given the huge increase in its budget in the upcoming fiscal year amid all the dangerous uncertainties that could pull down the economy and sink the country's future.
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Samart cuts services to Thai Mobile
Samart i-Mobile yesterday pulled the plug on services provided to Thai Mobile after it lost patience with the company over more than Bt1 billion in claimed overdue bills.
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Tariff cuts on special steel
The Cabinet yesterday eliminated import tariffs on 28 types of special steel used in electronic appliances, in a bid to solve a tax-structure problem that has long hindered the competitiveness of Thailand's electrical and electronics industries.
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BBL cuts holdings in non-core assets
Despite the economic slowdown, Bangkok Bank is speeding up sale of its non-core businesses to be in line with the Bank of Thailand's condition.
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Company reports
BANGKOK BANK has acquired an additional 13.94 per cent of National ITMX, which operates the nationwide Interbank Transaction Management and Exchange System that provides electronic payment services to businesses, individuals and local and international banks. The bank now holds 27.44 per cent.
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STOCK FOCUS
Thai Plastic & Chemicals
Kim Eng Securities (Thailand) has changed its recommendation on Thai Plastic and Chemicals shares from "hold" to "speculative buy", with a fair value of Bt20 apiece
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From hotels to software
Chanin Donavanik reshapes the Dusit Thani enterprise as a hotel-management company with interests around the world
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