UCHA, IRPC to invest jointly in raw-material plant

UBE Chemicals (Asia) Co (UCHA) and IRPC, a unit of PTT Group, plan jointly to develop a caprolactam factory with annual capacity of 150,000 tonnes and investment value of US$600 million to $700 million (Bt19 billion to Bt22.2 billion).

THAI clarifies dismissal

The board of Thai Airways International yesterday issued a statement aimed at clarifying doubts over the removal of Piyasvasti Amranand as president of the company, saying one of the reasons for his termination was a disagreement between him and |the...

MCOT to end joint talk shows with NBC

MCOT will not renew a contract with Nation Broadcasting Corporation (NBC) under which it jointly produces two news talk shows for its upcoming TV schedule, which begins in July.

Lenovo adjusts sales strategy

Lenovo is revising its strategy to target more high-end customers, expecting this to result in revenue growth of about 20 per cent this year.

ICT minister warns True over 3G deals

True Corp's continued investment in 3G services through partnerships with CAT Telecom is at the firm's own risk, Information and Communications Technology Minister Anudith Nakornthap told CAT's board yesterday, adding that the agency...

Thais enter Myanmar hotel market with Bt8 bn stakes

Thailand is the second-largest investor in Myanmar's hotel business after Singapore, but the Association of Thai Travel Agents (ATTA) has warned that the young country still faces many obstacles such as outdated legislation and political...

Singha Corp plans Myanmar brewery

Caterpillar boss welcomes new Rayong plants

The world's leading mining and infrastructure developer Caterpillar Group is enthusiastic about the two new factories worth US$300 million it will open in Rayong in October, which will employ up to 1,800 workers.

Drop in coal price 'won't last long'

The recent drop in coal prices is a short-term phenomenon caused by the dumping of low-quality coal from the US on to the world market, coal-mining firm Banpu said yesterday. As a result of the price drop, Banpu stock has been heavily sold by...

McCann to add 2 business units

Leading marketing, communications and media agency McCann Worldgroup Thailand plans to |add two new business units this year.