BOTTLED GAS SUPPLIER
Picnic share sale flops
Debt-ridden firm in crisis after key shareholders fail to fully exercise rights for new issue
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Thailand slips in global race for competitiveness: IMD
Thailand is not falling sharply. The point is that other countries are
doing better. Stephane Garelli Professor, IMD
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SET plunges as foreigners turn to IPOs
Thai shares tumbled 2.1 per cent yesterday in a selling spree by foreign investors to shift their money to subscribe to initial public offering (IPO) shares of Thai Beverage Plc in Singapore and the Bank of China in Hong Kong.
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STREET WISE
IMD and the sunshine factor
Thais often make jokes about the weather. While the Meteorological Department's official data say Thailand has three seasons - rainy, cold and hot - the version of the ordinary Thai on the street is: rainy season, mildly sweating hot season and bloody sweating hot season.
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Thai office sector soars in Q1
Investment in Thailand's grade A office rentals produced growth of 23.3 per cent year on year in the first quarter, making it one of the hottest real-estate sectors for local and foreign investors, reports the latest "Asian Investment Market" report from CB Richard Ellis (Thailand).
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Gygar eyes govt deals
Gygar Technologies, a producer and distributor of screens and projectors, expects sales to grow by 30 per cent this year by focusing on government projects, managing director Kulaphong Baedyananda said.
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Interest low in rice bids
The first-time bidding for jasmine rice in baht currency yesterday drew fewer bidders than expected and the average price offered was slightly lower than the Commerce Ministry's projection.
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NTC panel to monitor call quality
The National Telecommunications Commission (NTC) plans to set up a subcommittee to help it monitor the quality of mobile-phone services.
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Food-export value up, volume down
The volume of food exports is expected to wane slightly this year, contrary to previous forecasts, but total value will rise, according to the National Food Institute.
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Nestle pins hopes on England
Nestle (Thai) Ltd is hoping to tap into World Cup fever with a promotional campaign featuring the England football team.
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PROPERTY DEVELOPER
Seacon to build hotel, new mall
Plans Bt1-bn resort in Phuket and a Bt10-bn mixed-use project in capital
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ALTERNATIVE FUEL
Ford Thailand supports CNG
But unhappy with sudden decision by government, calls for consultation
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IN BRIEF
Delta Electronics to set up in Slovakia
Delta Electronics (Thailand) Plc plans to set up a subsidiary in Slovakia to manufacture power supply and electronics components as well as facilitate research and market access.
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Health and beauty firms change tactics
Two prominent companies in the health and beauty sector have adjusted their marketing strategies in response to the country's unstable economic situation.
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Yingluck makes big changes at SC Asset
After taking on the role of chief executive at SC Asset Plc about two months ago, Yingluck Shinawatra yesterday announced a re-branding campaign for the property developer.
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GPF revamps investments
The Government Pension Fund plans to shift its investment in the debt market from an average of 2.4 years to 2.6-2.7 years, following a forecast that interest rates will peak soon, fund secretary-general Visit Tantisunthorn said.
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Finansa Securities recruits 100 agents to boost market share
Finansa Securities aims to boost its market share to 2 per cent this year from 0.7 per cent after recruiting more than 100 marketing agents.
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No rise in lending rates
State-owned banks will announce today that their lending rates are to remain unchanged in order to lessen the burden of rising oil prices and interest rates, Foreign Ministry spokesman Somchai Sujjapongse said yesterday.
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Higher returns give bank deposits a lift
Aggressive interest-rate hikes by commercial banks in March has led to a 5-per-cent increase in deposits from the household sector since the end of last year, figures released yesterday by the Bank of Thailand (BOT) show.
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Long-term investing
Finance Ministry to issue bonds in Q4
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