HIGH-END FURNITURE
S'pore firm seeks tie-up
Da Vinci Holdings open to offers for Bangkok franchise
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Investment outlook still positive, says BoI chief
Sathit Charnchaokul, secretary-general of the Board of Investment, insisted yesterday that investment sentiment remained positive, despite political uncertainties and other infrastructure problems that reportedly encouraged US-based Seagate Inc to set up a plant in a neighbouring country.
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Bangkok Flight Services ready for Suvarnabhumi
Bangkok Flight Services Co (BFS), the joint venture between Bangkok Airways and Worldwide Flight Services, says it is ready to operate its cargo and ground handling services at Suvarnabhumi International Airport.
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New effort to keep petrol prices in check
The Energy Policy and Planning Office has proposed a cut in the contribution traders make to the Oil Fund as a short-term measure to deal with the renewed oil price hike.
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LATE NEWS
Fiscal 2007 : NESDB agrees to cut budget for state-enterprise spending
Ampon Kittiampon, secretary-general of the National Economic and Social Development Board (NESDB), said yesterday that the board had agreed to cut the 2007 fiscal-year investment budget for state enterprises to Bt338.86 billion from the proposed Bt352.08 billion.
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Telecoms ask NTC to consider changes
Private telecom operators yesterday asked the National Telecommunications Commission (NTC) to mediate the amendment of their concession contracts between them and state telecom agencies, to create a landscape of fair competition.
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Paragon gears up for watch show
As host of the upcoming Bangkok World Watch and Jewellery 2006 exhibition, Siam Paragon shopping complex is confident of a good response from upscale customers.
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Auto-parts makers see less export growth to US
Auto-part manufacturers expect growth in exports to the US this year to be only 10 per cent, half of last year, due to the prolonged political crisis and an rising baht, said Sukjai Luangmeesakul, a director of the Thai Auto Parts Association.
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Transformer-maker boosts capacity
Tira Thai Plc plans to make the most of a lucrative transformer market both in Thailand and among members of the Asean Power Grid Project by increasing its production capacity of 300-MVA power transformers next year.
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Somkid says that inflation should not rise above 5%
Despite many rising cost-push factors, caretaker Deputy Prime Minister and Commerce Minister Somkid Jatusripitak believes inflation will not exceed 5 per cent this year.
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CENTRAL WATSON
New GM promises dynamic growth
Will continue annual outlay of Bt300m and double number of local branches
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IN BRIEF
EXPORT SALES : Singha Light launched in the UK
Boon Rawd Brewery, maker of Singha beer, has launched its light beer in the UK market in an effort to boost its exports to Europe.
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US, Cambodia sign agreement to support trade and investment
The United States and Cambodia have signed a bilateral trade and investment framework agreement (TIFA), the Office of the US Trade Representative announced on Friday.
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Foreign concern over Egat ban
Foreign investors have expressed concern over regulations prohibiting subsidiaries of the Electricity Generating Authority of Thailand (Egat) from bidding for new contracts under Thailand's independent power producer (IPP) scheme.
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SET dives on Mideast tensions
Thai shares yesterday tumbled for the third consecutive trading day, tracking the downward trend on regional stock markets due to the escalating conflict in the Middle East that has pushed oil prices to record highs.
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Politics slow ADB bond effort
Political uncertainty has affected cooperation between the government and the Asian Development Bank (ADB).
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KTB banks on more debit-card business
Krung Thai Bank (KTB) hopes to expand its debit-card business via its recent reduction of the annual fee from Bt150 to Bt100 and an upcoming marketing campaign, said its senior executive vice president Sahas Treetipabut.
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CONSUMER CONFIDENCE
Index lowest since 1997 crash
Hurt by global volatility and local political turmoil, Thailand's Consumer Confidence Index (CCI) for the first half of the year dropped to its lowest level since the 1997 economic crisis, MasterCard's MasterIndex revealed yesterday.
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