HUA HIN VILLAGE
Villa hotel to get a new look
Central group to spend Bt140m on revamp
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BoI okays additional incentives for investors
The Board of Investment (BoI) yesterday approved additional incentives to promote investment in three target sectors - electronics, petrochemicals and vehicle tyres - in another effort to boost industrial ventures amid political and economic turmoil.
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World Cup counterfeiters eyeing Bt1-bn pay-day
Authorised suppliers of branded football-related products are concerned that World Cup fever will push demand for counterfeit goods through the roof, with sales of pirate-wear potentially topping Bt1 billion before the month-long tournament ends.
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The Pizzeria tosses its image, goes Italian
The Narai Hotel on Silom Road yesterday announced a Bt40-million renovation, including a rebranding and new business model for its in-house pizza restaurant, The Pizzeria, bringing to an end the 30-year-old, pioneering pizza name in Bangkok.
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Trade back into the red as exports slow
Thailand's trade balance showed a deficit of US$551 million (Bt21.2 billion) last month after enjoying a surplus in March, mainly due to a general slowdown in exports, a price hike in oil plus an increase in the volume of oil imports, the Commerce Ministry said yesterday.
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Fitness First eyes the provinces
Fitness First Thailand is planning to spread its wings upcountry within the next few years, heading to Chiang Mai, Khon Kaen and Pattaya as priority projects.
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IN BRIEF
Vietnam hopes to be our cup of tea
Vietnamese tea companies have their sights set on the Thai market, which consumes about US$1 million (Bt38.36 million) worth of imported tea products every year, says Vietnam Tea Association vice chairman Nguyen Van Thu.
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Political woes keep investors sidelined
Ongoing political uncertainty has discouraged investors from increasing their investments to raise capacity, in spite of production constraints and rising demand which is expected to continue for a couple of years, according to Virabongsa Ramagura, a former finance minister.
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Govt loses 'millions' in rice auction
The government will lose millions of baht from last week's auction for its huge stocks of jasmine rice, even though some bidders were persuaded in negotiations to increase their offers.
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LATE NEWS
TPI announces dismissal of Prachai
The board of Thai Petrochemical Industry Plc (TPI) yesterday dismissed Prachai Leophairatana as a director and relieved him of his responsibility as a guarantor for loans to TPI.
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NTC eyes small firms
The national telecom regulator will consider allowing small licensees an alternative to cost-based interconnection charges, in order to improve their competitiveness against dominant players.
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Steel hit by strong baht
Sahaviriya Steel Plc expects sales this year to drop 3 per cent due to the baht's appreciation against the US dollar.
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Electricity regulator to revisit rates next month
The Electricity Regulatory Board will convene on June 8 to decide on changes to the fuel tariff (FT) for power consumed between June and September.
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PRIVATE SECTOR
Steady growth expected: BOT
With or without an economic stimulus package, the private sector is likely to continue growing consistently, according to the governor of the Bank of Thailand.
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Nod likely on GE stake in BAY
The Bank of Thailand is likely to approve GE Capital Asia Pacific's plan to buy a 25-per-cent stake in Bank of Ayudhya (BAY), according to a central bank director.
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STOCK MARKETS
Foreigners bail out across Asia
SET plunges 3 per cent as investors anticipate another US interest-rate hike
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