Experts see baht at 35.50 per dollar
The Thai baht is expected to strengthen further - even test the Bt35.50 resistance level against the US dollar - because the Bank of Thailand (BOT) is unlikely to buck the global currency trend and seeks only to ensure that the baht's adjustment to the dollar's depreciation is consistent with other Asian currencies, experts said yesterday.
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FINANCIAL SECTOR
Banks must be ready to embrace era of change
Challenging times for Thai bankers as competition grows, distinctions blur
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BoI incentives for selected sectors
To ensure a continuos flow of foreign funds, the Board of Investment (BoI) yesterday approved a set of measures to promote the sectors of the future, such as health services, logistics and modern shrimp farming, said caretaker Industry Minister Suriya Jungrungreangkit.
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Spending on marketing events shrinks 15 per cent
Spending on marketing events by firms in the telecom sector and makers of consumer goods dropped by 15 per cent in the first half of the year, the president of public-relations firm Event Management Club said yesterday.
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New ING fund will include real estate
ING Funds (Thailand) linked up with Standard Chartered Bank yesterday to launch its second foreign-investment fund (FIF) of the year.
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FORD THAILAND
Fast-forward for auto-maker
Ford Thailand has completed its restructuring and is now following its "Fast Forward" strategy, which it says will streamline operations and create a stronger, more linear organisation.
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BoI incentives for selected sectors
To ensure a continuos flow of foreign funds, the Board of Investment (BoI) yesterday approved a set of measures to promote the sectors of the future, such as health services, logistics and modern shrimp farming, said caretaker Industry Minister Suriya Jungrungreangkit.
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Kularb Kaew status considered
The Commerce Ministry has assigned a committee to decide on the definition of the term "nominee", after a question arose whether Kularb Kaew Ltd, the company that indirectly owns Shin Corp, was a proxy of Singapore's Temasek Holdings, the deputy commerce minister said yesterday.
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GRP Hightech offers new pickup canopies
GRP Hightech Co Ltd, a manufacturer of automotive parts and components, has launched a new range of rigid pickup canopies with the brand name Azzy, aimed at capturing a share of the lucrative Thailand market.
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97% of listed firms post profits
The combined first-half net profit of 499 listed companies surged 7 per cent year on year to Bt273.25 billion.
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Whirlpool Asia appoints distributor
US-based Whirlpool Asia Co Ltd has appointed Life Orient Co Ltd the exclusive distributor for its home-appliance products in Thailand, in a bid to boost its brand-building activities and after-sales service.
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INSURANCE INDUSTRY
Companies hit by slow motor sales
Investments help keep Bangkok Insurance's bottom line in the black
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Chamber pushes for greater protection for local retailers
The Chamber of Commerce will urge the Commerce Ministry to enforce laws to control the spread of large multinational retailers, which have expanded upcountry and killed off many local small retailers.
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Thailand Post's performance on track
State enterprise Thailand Post Co is forecasting increased revenues and a higher net profit this year, following a positive first-half financial performance.
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Lower-price homes from Property Perfect
Property Perfect Plc has launched nine new low-price housing projects at a total cost of Bt3.5 billion, aimed at attracting more middle-income buyers looking for houses under Bt3 million, in order to meet its presales target of Bt8 billion for the year.
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Tapioca chip to make Afet debut today
Tapioca chip starts trading today on the Agricultural Futures Exchange of Thailand (Afet), giving farmers more stable prices and paving the way for the end of the price intervention programme for the crop.
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SUVARNABHUMI AIRPORT
THAI gets ready for Sept 15 launch
Moving of equipment begins despite labour union's opposition
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Time deposits up on savings accounts
Commercial banks have incr-eased time deposits and reduced savings deposits over the last year through a series of fixed-deposit rate hikes.
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INTEREST RATES
BOT warns hikes could hit investment growth
The Bank of Thailand has delivered a stern warning to commercial banks about the rate at which they are increasing deposit and lending rates, saying this will affect their funding costs and dampen the country's investment growth.
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INFRASTRUCTURE PROJECT
Airport Rail Link losses dent Sino-Thai
Firm forecasts Bt1.5-bn loss due to slow progress, higher building-material costs
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STREET WISE
Better safe than sorry
It was a big surprise earlier this week that caretaker Finance Minister Thanong Bidaya did not approve GE Capital's proposal to acquire more than 25 per cent of Bank of Ayudhya.
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Interconnection decision soon
The National Telecommunications Commission (NTC) is expected to approve Reference Interconnection Offer proposals from major telecom operators on August 29, kicking off the new interconnection charge regime.
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