Price rises inevitable
Consumer product prices are likely to increase following the rise in cargo truck freight fees by 15-20 per cent on Monday.
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STREET WISE
The fine art of movie hoopla
Shooting movies and making merit are two completely separate activities. What would you think if they were suddenly bundled into one?
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Holcim aims high in Asia
Holcim Ltd has raised its sights on expanding sales of its cement in the Asia-Pacific region to 25 per cent of its aggregate sales next year from 13 per cent this year.
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BATHROOM FIXTURES
Siam Sanitary Ware delays investment in new factory
Politics, economic uncertainty force project from pipeline
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LATE NEWS
Vinythai plans higher capacity
Vinythai's board of directors approved spending Bt840 million to increase the company's annual production capacity for polyvinyl chloride (PVC) by 70,000 tonnes.
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Checks needed to curb excesses of medical tourism
With the growth in medical tourism in the region, experts have suggested the industry set up an international regulatory body and an advertising code of conduct.
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Tanayong reorganisation okayed
Tanayong Plc, a property developer and the operator of Bangkok's BTS Skytrain, has received approval from the Central Bankruptcy Court for its amended reorganisation plan, says a company statement. Under the amended plan, which the court approved yesterday, the company will issue 533.33 million new shares to creditors as debt-to-equity conversion and another 4.27 billion shares to new investors.
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Turning palm oil into energy
The Cabinet yesterday approved a seven-year plan to support alternative energy by expanding the country's oil-palm plantation areas by 11 million rai.
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Event firm expects slowdown
The third and fourth quarters of the year will be a tough period for the trade exhibition business due to rising oil prices, according to NCC Exhibition Organiser Co Ltd (NEO), the event organiser for Queen Sirikit National Convention Centre.
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Embassies doubt Temasek's status
Two European embassies and the Japanese embassy have reportedly asked the Commerce Ministry to clarify Temasek Holdings' takeover of Shin Corp Plc as well as the draft regulations on foreign domination, said Democrat politician Kiat Sitthee-amorn.
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TELECOMMUNICATIONS
ShinSat to take broadband to China
Service via iPSTAR will begin in May; firm's shares climb
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IN BRIEF
Thai pickups to face stiff competition in Europe
Thailand's Office of Commercial Affairs (OCA) in Brussels, Belgium, reported the Kingdom's 3-litre pickup exports would lose European markets, due to the generalised system of preferences having been cut on January 1.
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Company Reports
Patum Rice Mill & Granary announced an interim dividend of Bt1.25 per share for its operations during the six months ended December 31, 2005, payable on May 23 to shareholders on the registration book as of May 8.
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TEERAWIT'S SEVERANCE PACKAGE
TOT boss set for Bt3.6m
Board said president got the boot for falling revenue, failing to take the company public
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NTC completing draft guidelines on awarding 3G licences
The national telecom regulator will finish the draft guidelines for awarding licences to operate third-generation (3G) broadband cellular services next month.
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Samart to use share proceeds to repay loan
Samart Corp Plc (Samart) plans to pay off part of its loan from Krung Thai Bank (KTB) this year with proceeds from the sale of shares in its Samart I-Mobile Plc (SIM) subsidiary.
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19 brokers on TFEX
The Securities and Exchange Commission said yesterday that 19 brokerages were qualified to operate on the Thailand Futures Exchange, which opens on Friday. One outfit, Thanachart Securities was considered as not yet ready.
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SET plunges on news PTT may cut refining margins
Local stocks tumbled almost 1 per cent yesterday, with blue-chip energy shares coming under selling pressure after PTT Plc and its refinery group were reported to be studying a possible cut in gross refining margins (GRMs), in order to help lower retail oil prices.
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SERVICING DEBT
JMT predicts more bad loans
More mortgage and auto loans are likely to turn into distressed assets due to rising interest rates and oil prices, according to a debt-collecting agency.
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GHB raises lending rate after profit fall
A sharp drop in its first-quarter profit has prompted the Government Housing Bank (GHB) to raise its minimum lending rate (MLR) 100 basis points in one go, to 8 per cent.
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ECONOMIC RISK
Cabinet passes new countermeasures
Move prompted by NESDB warning that annual growth forecast may not be met due to soaring global oil prices
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