RIVERSIDE HOTEL
Shangri-La set for Bt200m upgrade
24-hour butler service on agenda
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BOT hikes estimated GDP growth
The Bank of Thailand (BOT) has revised upwards its estimates for economic growth, to 4.5-5 per cent for this year and 4.5-5.5 per cent for next year, while inflation is on its way down.
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Baht stable but still gaining
Tarisa Watanagase, the Bank of Thailand's governor-designate, said yesterday that the value of the baht had been stabilised, because capital inflows had been slowed down.
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Chantra accepts posting
Export Promotion Department director-general Chantra Purnariksha has changed her mind about resigning, and will accept the commerce minister's decision to transfer her to the ministry's Insurance Department.
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ANALYSIS
Govt must grasp the nettle of TV reform
Mingkwan Sangsuwan's decision not to join the race to become MCOT Plc's president is no surprise, given the circumstances of his being made the company's original president five years ago.
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Chicken Club sets out to challenge superstores
In its biggest move yet to compete with large superstores, Yingcharoen Fresh Market has established a central market for chicken, which it calls the Chicken Club, so that its vendors can pool their purchase orders to buy directly from farms.
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STREET WISE
Role reversal for PM Lee
In spite of his occasional eloquence, former US president George HW Bush has unfortunately been best remembered for his line, "Read my lips: no new taxes."
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Hotel reservations bloom
Many hotels in Chiang Mai are fully booked for this week during the opening of the Royal Flora Ratchaphruek 2006, says the Thai Hotels Association (THA) northern branch.
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No funds for Fashion City
The Industry Ministry has announced it will not request more funds for the Bangkok Fashion City initiative.
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PTT to expand natural gas production in Burma
Executives of PTT and its exploration arm, PTT Exploration and Production (PTTEP), recently visited Burma to purchase natural gas.
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GMO-rice ban should give Thai firms a big lift
Thailand hopes to boost rice exports to the European Union by five to 10 per cent next year after imports of genetically modified (GMO) rice from the United States were blocked by the market.
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Rail-line decision in 2 weeks
The Transport Ministry will soon decide which electric rail routes will be first priority for construction under the new government.
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Yafriro focuses on 'young' luxury wrist-watches
While most retailers of luxury watches choose to market well-known brands to quickly attract customers, Singapore-based Yafriro International - owner of Yafriro Boutique Le Temps - thinks the opposite.
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Late News :Thai Oil is oversubscribed
The book-building process for Thai Oil's debenture issue has been completed, with demand worth Bt12 billion from domestic institutional investors - equivalent to 2.2 times the offered value.
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LEATHER GOODS
Further call to cut import duty
Local manufacturers seek assistance in face of cutthroat competition
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Invista to buy Honeywell assets
US-based Invista announced yesterday it had reached a definitive agreement to purchase the assets of Honeywell's nylon-6 bulked continuous filament (BCF) business in the Asia-Pacific, including the American company's plant in Shanghai.
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DTAC gets 1.5m new numbers
The National Telecommunications Commission (NTC) yesterday granted an additional 1.5 million mobile-phone numbers to Total Access Communication (DTAC).
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In brief : Pacific-Thai plan
The Pacific Islands Forum Secretariat and Thailand last week signed a Development Cooperation Framework Action Plan for the provision of technical assistance to members of the forum in a number of sectors, according to the Fiji Times.
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BBL changes executive team after Kosit's government move
Bangkok Bank yesterday notified the Stock Exchange of Thailand about a minor restructuring of its executive team.
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TSD's securities lending service delayed
The start of securities borrowing and lending services by the Thailand Securities Depository (TSD) has been delayed next year's third quarter, because a draft of the standard contract for the service is not yet ready.
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Company reports
BANGCHAK PETROLEUM corrected its wrongly stated third-quarter net loss. The company lost Bt1.54 million in the period, not Bt1.54 billion as reported earlier.
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ANALYSIS
Sufficiency economy difficult to swallow
The new government's economic team may be finding it harder than expected to convince the private sector of the virtues of the sufficiency-economy philosophy.
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Stock focus :Amata Corp
Capital Nomura Securities has put a "buy" recommendation on Amata's stock, with a fair price for 2007 at Bt21.25 per share.
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