Prachai sacked as part of major reshuffle at TPI
Thai Petrochemical Industry Plc's founder Prachai Leophairatana has been dismissed from his executive position in the company, after the Commerce Ministry on Friday approved a set of directors representing the new shareholders led by PTT Plc.
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INFLATION
Cooking gas price revisited
Producers blame the effects of spiralling fuel costs for request
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LATE NEWS
Charoen buys back Singapore shares in Thai Beverage
Liquor tycoon Charoen Sirivadhanabhakdi has apparently bought back shares in Thai Beverage Plc that were earlier sold to Singapore investors, ahead of the company's initial public offering.
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True's low-cost broadband package
True Internet has introduced a low-cost broadband package aimed at encouraging dial-up users to switch to the faster technology.
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WTO farm talks in spotlight
The Commerce Ministry has advised that Thailand and all agricultural countries should closely monitor talks to be held this month between the European Union and the United States over the World Trade Organisation (WTO)'s formula for decreasing agricultural subsidies.
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Foreign orders for Thai sugar
Despite a continuing shortage on the domestic front, demand for sugar remains strong overseas, a spokesman for local exporters said yesterday.
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Architect '06 organisers upbeat despite economy
Organisers and exhibitors at the Architect '06 exhibition remain optimistic about the number of visitors the show will attract during its six days, despite negative economic factors that cast a deepening gloom over the housing industry.
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IN BRIEF
Suvarnabhumi : Communications completed
Ericsson has successfully completed the turnkey project of designing and integrating a multi-operator communications system at the future Suvarnabhumi Airport.
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Company reports
ADKINSON SECURITIES posted an unaudited net loss of Bt47.8 million for the first quarter, compared to a Bt34.13-million loss in the same period last year.
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TT&T signs Bt43m interconnection billing deal
Fixed-line operator TT&T Plc signed a Bt43-million deal April 28 to use Jasmine Telecom Systems Plc's interconnection billing system when the interconnection charge scheme is implemented.
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MITR PHOL GROUP
A major force in Chinese sugar
Guangxi factories make subsidiary country's 2nd-largest producer
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Thanachart aims for top 10
Thanachart Insurance has joined forces with Transamerica Direct Marketing Asia Pacific to boost its telemarketing services as part of its plan to move into the industry's top 10 next year.
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Biznews round-up
The United Nations on behalf of its agencies the United Nations Development Programme, the United Nations Department for Economic and Social Affairs, and the United Nations Capital Development Fund has nominated Goanpot Asvinvichit to join the UN Advisers Group on Inclusive Financial Sectors, which was established to provide advice and guidance to the UN on finance issues.
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Hot stocks
Stock: Aromatics (Thailand) Plc (ATC)
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FLOATING-RATE NOTES
Huge demand for SCB offer
Siam Commercial Bank has successfully raised US$300 million (Bt11.28 billion) from floating-rate notes, president and CEO Khunying Jada Wattanasiritham said yesterday. The offer was two-and-a-half times oversubscribed.
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Golden glow for TMB unit
TMB Asset Management has benefited from a sharp increase in the global price of gold, with its passive-investment strategy Gold Fund comfortably posting a return of around 13.6 per cent in less than five months since its inception early in December.
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Stocks the best bet over past 30 years
Stocks have proven to be the best-performing investment over the past 30 years, returning 2,900 times the original investment, according to Sethaput Suthiwart-Narueput, vice president of the Stock Exchange of Thailand (SET).
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INTEREST RATES
Outlook more positive: BOT
Report says real rates are improving despite higher inflation
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STREET WISE
Seeking a safe haven at the UN?
Caretaker Prime Minister Thaksin Shinawatra has recently returned from his de facto "state" visits to see his "friends" in Europe.
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USING NATURAL GAS
NGV engines set to receive tax exemption
Engines that use natural gas are to be made tax-exempt to encourage drivers to install them in their vehicles, caretaker Finance Minister Thanong Bidaya said yesterday.
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New THAI president promises restructuring
The newly appointed president of Thai Airways International Plc (THAI), Apinan Sumanaseni, yesterday said he would restructure the airline's operations once he took over the top post.
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