Prudential's premium beats market average

The company's total premiums grew faster than market average, which stood at 11 per cent based on data from the Thai Life Assurance Association.

Recently, the company introduced two new life insurance plans-PRUsmile retirement 225 and PRUextra savings life-aimed at the retirement segment.—The Nation

Export slump causes Nikon job losses

Camera maker Nikon (Thailand) yesterday cut 2,000 staff at its Ayutthaya factory.

Company labour union president Thongchai Sitthidej said the retrenched  employees all have worked less than a year with the company. He said executives had told him falling export sales had forced the staff cuts. The 2000-laid off workers will rally at the Labour ministry on Monday to demand the minister seek urgent measures to help them. - The Nation

Pioneer's car audio growth hit

Pioneer Electronics (Thailand) is reducing car audio production in Ayutthaya because of the slowing automobile industry.

Managing director Satoru Kurozaki said yesterday the company has been affected by falling vehicle sales , the main income source for the car audio's Ayutthaya plant. He said home appliances  had been affected too, despite the launch of new product. The company revised down its sales revenue growth for the current fiscal year, ending March 31, to 5 per cent from 10 per cent.- The Nation