Economy May 07, 2014 00:00

Foreign capital returning to bourse

Foreign capital is tending to flow back into the bourse, drawn by listed companies’ sound fundamentals and profitability amid the country’s political unrest, whose impact on confidence is expected to be short-lived.

“Foreigners have been net buyers of stocks worth Bt15 billion per month since March due to confidence in Thai listed companies and higher returns than those in other regional stock markets,” SET chairman Sathit Limpongpan said at the SET-Thai Corporate Day yesterday.

Investment was expected to improve after the recent appointment of a new Board of Investment. The first BoI meeting last Thursday agreed to accelerate consideration of investment applications worth Bt500 billion-Bt600 billion.

Vouchers for digital tv set-top boxes to be given in july

The board of the Broadcasting and Telecommunications Research Development Fund for Public Interest concluded yesterday that the vouchers to be given away to households nationwide to buy digital TV set-top boxes would be distributed in July.

However, it has still not yet set the voucher’s value.

Takorn Tantasith, secretary-general of the fund, said the board has assigned three committees to study box prices and recommend the final value to the fund this month.

The fund will consider the final value and submit it to the NBTC for approval this month.

‘NOW’ channel to air

‘biz raider’ on holidays

NOW, a digital TV channel operated by Nation Multimedia Group, will air a business variety programme called “Biz Rider” only on special holidays.

The first showing is slated for Visakha Bucha Day on May 13 from 10.30am-11am.

Bt300m fund

proposed for smes

Thai Credit Guarantee Corporation plans to propose that the Office of Small and Medium Enterprises Promotion establish a Bt300-million fund to pay for loan guarantee fees for SMEs in the first year.

Local SMEs have been walloped by the prolonged domestic economic slowdown, Vallobh Tejapaibul, general manager of the state-owned specialised financial institution under the Finance Ministry’s supervision and the Bank of Thailand, said yesterday.

The Bt300 million can help cover the 1.75-per-cent per year loan guarantee fee for SME loans of up to Bt20 billion. This would help alleviate the financial burden on SMEs that are suffering from falling orders.

TCG will have to revise down this year’s loan-guarantee target from Bt100 billion to Bt57 billion since the initial economic growth projection of 4.5-4.8 per cent was revised down to only 2.6 per cent by the Fiscal Policy Office.


No US duties for Thai firm
The US Department of Commerce has decided not to impose dumping duties on imports of pre-stressed concrete-steel rail-tie wire from The Siam Industrial Wire Co.
At the same time, the department announced that dumping duties would be slapped on imports of the same product from China and Mexico.
Two new HomePro stores
Home Products Center, operator of HomePro stores, has invested Bt850 million to open two new outlets in Prachuap Khiri Khan and Surin provinces.
The store in Prachuap Khiri Khan will be on an 18-rai (2.9-hectare) plot and will be the 66th HomePro branch. The company predicts that about 85 per cent of its clients will be house owners, while 10 per cent will be contractors and 5 per cent will be owners of housing projects. About 90 per cent of the house owners will have existing homes, while the rest will be buyers of new units. The store is expected to earn more than Bt30 million in monthly sales.
The HomePro store in Surin province will be the 67th branch. Located on a 34-rai plot, it will serve 17 districts in Surin as well as nearby provinces, such as Buri Ram, Si Sa Ket, Roi Et and Yasothon. The store will employ 208 staff and 70 per cent of its clients will be house owners (70 per cent of whom will be existing owners, and 30 per cent new buyers), while 20 per cent of its clients will be owners of housing projects, and 10 per cent contractors.