Thailand, Madagascar to sign trade pact
Thailand and Madagascar will sign a trade and investment protection agreement next week aimed at increasing bilateral business activity, Radifera Jocelyn, a special envoy for Madagascar, said yesterday.
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Easy Buy launches U-May cash card
Easy Buy yesterday launched the U-May card, through which it expects to extend Bt2.5 billion in loans by the end of the year to new customers who prefer a revolving line of credit.
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SECOND-QUARTER RESULTS
EWC reports Bt516m net loss
Reserves set aside to cover doubtful loans wipe out wire-maker's Q2 profit
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IN BRIEF
US trade fair hits Bangkok next month
Several leading American business and academic organisations have agreed to participate in the Buy & Visit USA 2006 trade fair, according to an announcement by the American Chamber of Commerce and the US Embassy, which will co-host the event.
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Green is the colour at home show
Home-Builder Exhibition 2006 at the Queen Sirikit Convention Centre is focused on energy saving and housing designs that are environmentally friendly.
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Cellular operators complete system upgrades
Cellular-service providers have spent a combined Bt400 million upgrading their phone number systems to comply with the national telecom regulator's new number plan.
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'Arab town' for Rama IX Road
The Rajthanee Group has announced plans to build a Bt10-billion complex near Piyavate Hospital on Rama IX Road that will be named Arab Town.
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SIAM CEMENT GROUP
SCT plans to 'add value'
Subsidiary to invest Bt250m in new projects
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LATE NEWS
JBIC to help fund three electric-rail routes here
The Finance Ministry expects to receive a loan from the Japan Bank for International Cooperation (JBIC) in the next few months to finance the three electric-rail routes, which have a combined investment of Bt100 billion.
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Demco plans MAI listing
Demco Plc, an electrical-engineering system and integrated telecom service provider, plans to list on the Market for Alternative Investment this quarter or next, when the market is expected to be more receptive to initial public offerings (IPOs).
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Campaign promotes Benmore whisky
Riche Monde (Bangkok), the distributor of Benmore, will invest more than Bt400 million in its current fiscal year in a bid to strengthen brand awareness in the local standard Scotch-whisky segment.
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REVENUE SHARING
Channel 9 falls under scrutiny
MCOT sets up committee to check on advertising income
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Auto-makers told to switch to small cars
To achieve Thailand's "Detroit of Asia" vision, the country's auto industry should focus more on producing small-sized cars instead of pickups, in order to serve a rising demand for energy-saving vehicles, a group of industry experts suggested yesterday.
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KPN Group to refocus investment plans
KPN Group will focus its new investment on logistics by joining hands with Toll Logistics, the Australia-based provider of integrated transport and logistics to the Asia-Pacific region.
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STREET WISE
Thanong passes the BAY buck
Although GE Capital's plan to acquire a big chunk of Bank of Ayudhya's (BAY) shares has been public for some time, as the deal reaches its final stages it is expected to become one of the most significant movements in Thai banking history.
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L&H slashes Bt4 bn off 2006 sales target
Leading property firm Land and Houses Plc (L&H) has knocked Bt4 billion off its annual sales target, reducing it from Bt24 billion to Bt20 billion, following a poor second-quarter performance that saw consumers' low purchasing power slash its quarterly net profit by half.
The new sales target corresponds to a 13.5-per-cent drop from the Bt22.7 billion the company brought in last year.
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SingTel exec set to boost AIS marketing
Southeast Asia's largest telecom operator, Singapore Telecom, is sending one of its senior executives to boost the marketing operation of its strategic partner Advanced Info Service (AIS), in line with AIS's plan to strengthen its capabilities ahead of the next round of competition in the sector.
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New Singha brewery to cost Bt4 billion
Singha Corp yesterday said it would spend more than Bt4 billion to set up a new brewery facility next year in the Central region.
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'Technical hitch' delays big GE-BAY deal
Caretaker Finance Minister Thanong Bidaya says an acquisition deal between Bank of Ayudhya (BAY) and the local unit of US-based GE Money will go ahead, despite "technical problems" that led the Thai bank to postpone a press announcement yesterday.
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