CLEANING UP BANKS
Deal inked to buy Bt30 bn in bad debts
BAM will pay discounts of 18-33 per cent
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Company reports
ASIAN INSULATORS' board approved the establishment of a new company, AI Energy Co Ltd, with registered capital of Bt300 million.
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Stock focus :Sino-Thai Engineering
Kim Eng Securities (Thailand) has upgraded its recommendation on Sino-Thai Engineering and Construction shares from "fully valued" to "accumulate", with a fair value of Bt5.85 apiece.
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Agro Industrial stake switched
Far East Assets has transferred its 14-per-cent stake in Agro Industrial Plc to the Chaiwikrai family, Agro Industrial's major shareholder, after the former shelved its listing plan.
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Late News :HK Disneyland tickets in raffle
CP Meiji Co Ltd will spend Bt10 million on a joint promotion with CP's 7-Eleven convenience stores. Customers who buy CP Meiji milk products at the shops are eligible for a lucky draw for a three day, two-night package trip to Hong Kong Disneyland.
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TMB seeks move of Gold Fund stakes
TMB Asset Management will seek approval from the Securities and Exchange Commission to revise its prospectus, providing an opportunity for the firm to shift its Gold Fund investments from the New York Stock Exchange to the Singapore Stock Exchange.
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Closer cooperation urged on TOT
TOT Plc should work more closely with private telecom operators and CAT Telecom Plc as part of its plan to enhance its operation, according to Somchai Thean-anant, TOT's acting president.
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New govt to get biofuel plan
The Energy Ministry will present the new government with a plan to develop oil-palm plantations in order to meet expected increased demand for biodiesel.
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Better growth in store: school
The University of the Thai Chamber of Commerce has predicted that Thailand's economic growth next year will be between 4.3 per cent and 4.8 per cent - higher than this year, largely because the newly appointed government plans to accelerate budget disbursements for the next fiscal year.
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First trade exhibition for Thai flower exporters
Reed Tradex Co Ltd will host Thailand's first business-to-business trade exhibition for flower growers, including planting equipment and new technology.
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Retail 'restraint'
Academics have suggested retail giants create a "self-restraint" measure, in order to ensure fair practice and halt tensions between major operators and small retailers.
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GOVT ECONOMIC TEAM
Who are the ministers?
Council does have some stars, but few are household names
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Asia Soft hopes Granado Espada will be online hit
Hoping to repeat its success with Ragnarok, Asia Soft yesterday announced the launch of its new online game Granado Espada, with hopes of capturing the hearts of a million Thai gamers.
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Specialised banks to meet same standards as commercial banks
The Finance Ministry will soon require specialised financial institutions to classify loans under the same standard as commercial banks do, forcing them to increase their capital, said MR Pridiyathorn Devakula, the newly appointed deputy prime minister and finance minister.
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STREET WISE
Keeping folks down on the farm
Ever ask yourself why floods have become more and more troubling to Bangkok? My theory, unproven as yet, is that Bangkok gets heavier every year with the incessant increase of its inhabitants.
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Don't slap that baby! Mosquito-repellent wipes launched
Moong Pattana Marketing Co Ltd, the maker of Pigeon baby products, is creating a buzz with its newest product introduced yesterday: mosquito-repelling baby wipes.
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In Brief :Farm wins TAT award
Farm Chokchai at Nakhon Ratchasima has won the Thailand Tourism Award 2006 - or Kinnaree Award - for excellence in agricultural tourism from the Tourism Authority of Thailand.
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