ASIA PROPERTY MARKET
Bangkok ranks third in office vacancy rates
Occupancy high, despite 4 new buildings in 2005
|
|
|
LATE NEWS
Sugar price may rise by 70 satang
The Commerce Ministry will today consider sugar manufacturers' requests to increase the retail price of the sweet stuff by 70 satang per kilogram to offset rising packaging costs.
|
|
|
More fun at FantaSea
Phuket FantaSea theme park will add three new attractions this year - the Similan Entertainment Centre, Songbird Luminarie and Tiger Adventure Safari.
|
|
|
Short on competitiveness
None of the local entries won the Thailand Quality Award (TQA) 2005, reflecting a lack of competitive improvement.
|
|
|
Ericsson set to sprint into broadband
Ericsson Thailand will be more aggressive in tapping the fixed-broadband network market, following its parent company's acquisition of the global telecom network supplier Marconi late last year.
|
|
|
Firm aims at a bigger bite of the Thai snack market
A major processed-food producer is confident its venture into snacks will see it grab 3 per cent of the total snack market within three years.
|
|
|
US whiskies gushing into Kingdom
Exports of US-made distilled spirits to Thailand soared 201 per cent in terms of sales in the first quarter this year from the same period in 2005, in contrast to the modest growth of Scotch-whisky consumption, according to the Distilled Spirits Council of the United States.
|
|
|
AVIATION
Lack of staff may curtail expansion
Shortage of pilots clouds growth plans
|
|
|
GMM Grammy is singing to a new tune: music downloads
Thailand's largest record company, GMM Grammy, yesterday announced the launch of its digital music downloading division which it expects will replace up to 30 per cent of its CD sales within a year.
|
|
|
Small vendors lash out at CPF
More than 400 vendors from Bang Kapi fresh market will today gather at the Commerce Ministry to protest against Charoen Pokphand Foods Plc (CPF)'s drive to open retail kiosks in fresh markets nationwide.
|
|
|
SET watching abnormal trades
The Stock Exchange of Thailand (SET) said the same group of speculators was probably behind recent abnormal trading in Everland Plc, Agripure Holdings Plc and Mida Medalist Entertainment Plc shares.
|
|
|
Octane-95 to cease if ethanol is available
Oil companies are ready to scrap the sale of octane-95 petrol and replace it entirely with gasohol starting next January 1, provided the government can ensure sufficient supplies of ethanol, which is the major raw material of gasohol.
|
|
|
STREET WISE
Whooping it up in Moscow
It surprised people in the newsroom when they learned that Moscow has become the world's most expensive city, usurping this dubious honour from Tokyo which has held it for the past four years.
|
|
|
Small vendors lash out at CPF
More than 400 vendors from Bang Kapi fresh market will today gather at the Commerce Ministry to protest against Charoen Pokphand Foods Plc (CPF)'s drive to open retail kiosks in fresh markets nationwide.
|
|
|
Oishi green tea ready to steep into US market
Oishi Group Plc will start exporting its popular bottled green tea to the US next month, following the opening of its new bottling plant in Chon Buri today.
|
|
|
Thanong predicts golden years in 2008 and 2009
In spite of the current economic doldrums, which are expected to last through next year, caretaker Finance Minister Thanong Bidaya foresees golden years for the economy in 2008 and 2009 due mainly to government plans for massive public investment spending.
|
|
|
HOT STOCKS
Stock: Bank of Ayudhya (BAY)
Rating: Outperform
Securities house: SCB Securities
An immediate hike in loan-loss reserve coverage plus synergy with the GE Group could raise Bank of Ayudhya's long-term return on equity to 12 per cent from 10 per cent, and this is already shown partly in the share price.
|
|
|
Northern region feels the pinch
Tourism and private investment in the northern region remained sluggish in May due to a lack of confidence and political uncertainty, according to a Bank of Thailand report.
|
|
|
Tongkah Harbour seeks US listing
Tongkah Harbour Plc is seeking to list its American Depository Receipts (ADRs) on the US stock exchange.
|
|
|
SINGAPORE INVESTMENT FORUM
Heavy Thai presence planned
The Finance Ministry, the Stock Exchange of Thailand and 10 listed companies will take part in the "Thai Equity 2006: Investor Forum" from July 13 to 14 in Singapore.
|
|
|
IN BRIEF
Vietnam to export 5 million tonnes of rice worth $1.4 bn
Vietnam will export 5 million tonnes of rice this year, down 200,000 tonnes from last year, reports that country's Trade Ministry.
|
|
|
Ford aims for higher exports
At its 10th anniversary celebrations on Tuesday evening, Ford Thailand announced that its Auto Alliance Thailand AAT manufacturing facility would reach the production milestone of 200,000 vehicles per year by 2008.
|
|
|
Amcham remains upbeat on Thailand
The president of the American Chamber of Commerce (Amcham) in Thailand said the current political stalemate should not affect American investment in the long run because American investors generally think Thailand is a stable nation to invest in.
|
|
|
