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Wed, March 8, 2006 : Last updated 23:08 pm (Thai local time)



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MEGA-TAKEOVER

Shin deal 'is starting to unravel'

Sources say new partners being sought to replace Kularb Kaew's Pong, Suphadet




Govt approves Bt3 rise in sugar price

In the midst of the country's political turmoil, the Cabinet yesterday gave approval for sugar millers to increase the ex-factory price by Bt3 per kilogram, allowing them to charge Bt14 per kg for brown sugar and Bt15 for refined sugar.



IN BRIEF

Environment

Government to encourage industry to use ozone-friendly chemicals in production



Company reports

ACL BANK announced the conversion period of its preferred shares ran from February 15 to 21.



Miss Lily banks on the power of flower sports marketing

Miss Lily Co, an online flower delivery service, has announced that the company would pursue more sports marketing this year to boost its brand nationwide, said Rawat Chindapol, founder of the company.

HIKE IN SUGAR PRICE

TAC Beverage revises down profit forecast

Green tea maker sees jump in output costs

LATE NEWS

Bio fuel: Committee delays licence decision

The Bio Fuel Steering Committee has delayed its decision on whether to award licences to 28 newcomers applying for permission to establish ethanol plants, panel secretary Siriporn Silasout said yesterday.



iTV to blare its news in elevators, mass transit stations

Love it or hate it, Bangkokians will find it harder to avoid watching iTV from now own. The channel yesterday announced it had made a deal with five partners that would air its news service in public places.



Nivea Sun hopes to cream the competition

Beiersdorf (Thailand) Co Ltd has re-launched its line of Nivea Sun products, which have a new non-sticky formula with special protection for easily sunburnt and sensitive skin. The company hopes to win over more customers who don't use cream-based sunscreens.



LG plans to launch 30 cell phone models in Thailand

Shooting for the high-end and middle markets LG, the South Korean electronics manufacturer, plans to introduce about 30 mobile phone models in Thailand this year.

DIRECTORY INQUIRY

TOT told to offer free 1133 service

Agency to defy NTC and keep charging



Ranger takes Ford into common-rail

After lagging behind market leaders Toyota and Isuzu in terms of engine technology, Ford has finally come up with a common-rail pickup with the introduction this week of the company's latest version of the Ranger.



Garment executives say political row may tear at sector's seams

The textiles and garment industries yesterday expressed concern that political turmoil and the suspension of free-trade agreement (FTA) talks with trading partners could result in business being lost to export rivals.



PWC sees mergers on the rise

PricewaterhouseCoopers FAS has forecast that tough competition in the local market this year will force more companies in the energy, telecommunications and banking sectors to consider mergers.



Watchdog puts more pressure on Picnic Corp

Embattled cooking-gas manufacturer Picnic Corp Plc yesterday announced a new date for shareholders to consider another capital increase and at the same time received a demand from the Stock Exchange of Thailand to clarify new litigation concerning its defaults on bills of exchange.



BBL, Krung Thai lift rates in unison

Bangkok Bank, the country's largest commercial bank, and Krung Thai Bank, the biggest state-owned bank, have become the latest to fall into line with upward trend in interest rates yesterday by raising both their deposit and lending rates by 25- basis points.



Finansa ordered to come clean

The Stock Exchange of Thailand yesterday insisted that Finansa Plc provide information concerning BFIT Securities' (BSEC) Bt298.5-million convertible debentures, as the disclosure of connected transactions also covers the subsidiaries of listed companies.



Power-P told to clarify finances

SET raises concerns over five issues arising from 2005 financial statement

STREET WISE

Film and history inform debate

Bringing with him a copy of the Constitution, National Reconciliation Commission secretary-general Gothom Arya deceived the news hounds of the Nation Group, who thought that he was simply a scholar who devotes his time solely to academic books.



Morgan Stanley slashes economic growth forecast to 4.9%

Morgan Stanley revised its 2006 economic growth forecast to 4.9 per cent from 5.4 per cent as it expects political uncertainty to delay investment recovery for at least two quarters.



Caltex to sell its hi-tech petrol at same price

After selling 20 per cent more petrol in the past 18-24 months, Caltex Oil (Thailand), a subsidiary of US-based Chevron Corp, is introducing a hi-tech petrol to capture a bigger slice of the local market.



Stock closes day down 3.1% amid rumours

Shin Corp Plc shares yesterday tumbled to new lows before rebounding to close at Bt47.25 as investors sold on rumours that Temasek Holdings' purchase of a 49.6-per-cent stake in the firm may be reversed as a result of ongoing political demonstrations.






Top Stories



Shin deal 'is starting to unravel'

Mass transit is a victim of its own terms of reference

Firms start to look elsewhere

Business leaders set to speak out

Company reports


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