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Tue, March 7, 2006 : Last updated 23:00 pm (Thai local time)



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FORMING UNITED FRONT

Three trade groups to talk politics Associations may not keep silent long

Thailand's three most powerful business associations will call a special meeting early next week to discuss whether to send a joint message to Prime Minister Thaksin Shinawatra asking him to sort out the current political impasse.



INITIAL PUBLIC OFFERINGS

Politics weigh on companies' plans

Calls for the prime minister to step down is giving firms pause for thought



AIR-CONDITIONERS

York sets hot target with two-year plan

Local unit of US maker eyes top-5 position

LATE NEWS

Diesel to increase at least Bt0.30 per litre

The retail price for diesel will increase at least Bt0.30 per litre this week if the oil price in the Singapore market rises, said Bangchak Petroleum Plc's executive vice president Manu Siriwan.

SET LISTING

TOT likely to postpone IPO again

Concerns over unsettled court disputes, especially True Corp case



'My Car' wins business school prize

Sasin Graduate Institute of Business Administration of Chulalongkorn University named a team from National University of Singapore the winner of the Bangkok Business Challenge 2006.



Radisson moves into residential

Radisson Hotel Group is spending Bt2.3 billion developing 1,500 condominiums on Rama IX Road.



KPN Automotive forging 30% growth

KPN Automotive Plc, the country's top producer of forging products, expects overall company growth of 30 per cent and sales of Bt3.3 billion this year, mainly due to an increase in its exports.



Siam Paragon targets more international customers

Siam Paragon, The Mall group's high-end shopping complex, is planning to create brand awareness among foreigners, mainly from Asia and Europe, to achieve its goal as a major travel destination in Bangkok.



Major Cineplex banks on new stored-value card

Major Cineplex Group will replace all its cards with a new M-Cash card that enables moviegoers to reserve and pay for movie tickets anytime and anywhere.



Shareholders line up to sell Shin shares

Cedar Holdings Co Ltd and Aspen Holdings Co Ltd have practically snapped up a combined stake 65.8 per cent of Shin Corp Plc, according to SCB Securities Ltd.

STREET WISE

Protests pass off peacefully

Last Sunday, we witnessed quite an orderly protest. Indeed, it was a surprise to all parties who had anticipated something bloody and ugly to happen. A confrontation was expected when protesters met police blockades, where clashes with the authorities are always likely.



Dearer sugar draws nearer

The Commerce Ministry yesterday signalled the possibility that the Cabinet would today approve an increase in retail sugar prices by Bt2-Bt3 per kilogram, but indicated that the rise could trigger an increase in consumer products.



IP violations raise hackles

The US-based International Intellectual Property Association (IIPA) has asked the Office of the US Trade Representative to downgrade Thailand from a "watch list" to "priority watch list" country due to the increasing volume and value of counterfeit products.



Think-tank warns of crisis repeat

The National Economic and Social Development Board has warned that ongoing political confrontations are putting the country's economic stability at such a high risk that the spectre of another financial crisis, such as that in 1997, cannot be dismissed.



Phuket Air angles for new name, licence

The shareholders of Phuket Air have scrapped the embattled airline and applied for a fresh aviation licence with a new company called Suvarnabhumi Airline, although they have already been asked to pick a different name.



Somkid in rallying call to officials

Concern about economic stagnation has prompted Commerce Minister Somkid Jatusripitak to urge the ministry's high-ranking officials to move ahead with plans for boosting exports and the domestic economy despite the current political strife.

IN BRIEF

property sector

MK Real Estate racks up sales of Bt2.28 bn, eyes 25% growth this yearMK Real Estate Development Plc expects sales growth of 25 per cent this year by launching seven new property projects worth Bt4.6 billion, the company's CEO Chuan Tangmatitham said.



Economy slowed in Q4/2005

Economic growth in the final quarter of 2005 increased by 4.7 per cent year on year, lower than the third-quarter figure of 5.4 per cent, National Economic and Social Development Board secretary-general Ampon Kittiampon said yesterday.



SET wants more from Finansa on debenture sale

The Stock Exchange of Thailand has asked Finansa Plc to further explain why it sold Bt298.5 million worth of debentures issued by BFIT Securities a mere two months after buying them.



More join the rate-hike merry-go-round

Bank of Ayudhya (BAY) and Siam City Bank (SCIB) announced that they would raise deposit and lending rates by up to 25 basis points today following Kasikornbank's rate hike last week.

BELEAGUERED FIRMS

Picnic chief resigns, no reason given

Eastern Wire in bourse spotlight over Bt500m promissory note purchase



Trinity Polaris aims for 10% of TFEX

A new partner and a new name has led the company that used to be called Trinity Futures to believe that, as Trinity Polaris Futures, it will attract a 10-per-cent share of brokerage fees arising from next month's advent of the Thailand Futures Exchange (TFEX).






Top Stories



Firms start to look elsewhere

Business leaders set to speak out

Foreign investment tide surges back

Mass transit is a victim of its own terms of reference

Company reports


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