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Thu, December 21, 2006 : Last updated 20:51 pm (Thai local time)



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BLACK TUESDAY

Equity funds lose billions of baht

Mark-to-market decline over two days greater than the decrease in SET Index



OUTLOOK FOR 2007

Political shadow over economy

After struggling with various risk factors dampening the economy in 2006, Thailand will continue to confront numerous economic, political and social risks next year, which could shake confidence, drag down growth and worsen economic stability.



INDUSTRY SEMINAR

Asean the way ahead for textiles

Alternative market needed to tackle China

IN BRIEF

Lure for foreign film-makers

The Cabinet has approved the establishment of a "one-stop service" office for international film producers working in Thailand.



Thai AirAsia to start Langkawi flights on Jan 6

Thai AirAsia will operate Bangkok-Langkawi as its 10th international destination and start flying to the Malaysian island on January 6.



CPF to expand aquaculture in China

The board of directors of Charoen Pokphand Foods (CPF) yesterday approved an additional Bt58.35 million worth of funding for aquaculture projects in China and Malaysia next year, says president and CEO Adirek Sripratak.



Seri Centre set to cash in on housing increase

Seri Centre shopping complex on Srinakarin Road expects the number of shoppers visiting it to grow 8 per cent next year, because of new residential projects nearing completion in the area, says assistant managing director Vorrapong Sukteera-anantachai.



Creative Thai goods draw crowds

Thai-designed products and colourful packaging proved popular at the World SMEs Expo and Innovation and Design Expo in Hong Kong early this month.



BBL seeks to defer ACL share sale

Bangkok Bank plans to ask the Bank of Thailand for an exemption so that it can postpone the sale of its shares in ACL Bank, due to the stock-market meltdown.



Developer halts asset sales after BOT action

Natural Park's plan to raise capital by divesting assets including 15 million shares in Pacific Assets have been ruined by the Bank of Thailand's capital controls.



Europcar fills gap in Thailand

Renting a car in Thailand is not the same as doing so in foreign countries. The rental market here has yet to reach its full potential.



Ministry faces trouble spending SME funds

The Industry Ministry is concerned that it may not be able to make use of all the money earmarked to promote small- and medium-sized enterprises (SMEs) in the 2007 budget.



IT spending to be triple the global rate

Thai spending on information technology (IT) next year is expected to grow 17 per cent, nearly three times the global growth rate of just 6.6 per cent, says US-based IT market-intelligence firm International Data (IDC).



Decision on new TAT chief due next week

The new governor of the Tourism Authority of Thailand (TAT) is expected to be chosen next Thursday, according to Tourism and Sports Minister Suvit Yodmani.



Keep improving quality, traders advise

Experienced private-enterprise and trade experts have called for Thailand's private sector to improve their product quality for export to Australia, since benefits from the Thai-Australian Free-Trade Agreement (FTA) will be seen only in the short term.



US proves a big market for teakwood furniture

BPS Milcom, a teak furniture manufacturer, will build awareness of its one-and-a-half-year-old brand Plato among distributors and consumers in Europe and the US next year.

CITY PROJECT

TAGS seals mega-deal with Laos

Bt2 bn to transform Savannakhet

STREET WISE

Reach out and touch someone

You'd think that Deputy Prime Minister and Finance Minister MR Pridiyathorn Devakula reacted swiftly to the crash of the stock market by reversing the currency-speculation measures on Tuesday.



Seaplane shuttle to launch in Phuket

Destination Air Shuttle will inaugurate its seaplane shuttle service from Phuket to the southern tourist destinations of Phi Phi Island, Krabi and Koh Lanta next month.



Thai Oil set to make IPP bid

Awaits decision on whether state agencies can participate



Market for condominiums badly hit

The financial authorities' miscue on currency control will hurt the local condominium market, as foreigners would balk at paying the 30-per-cent deposit and that could delay transactions, CB Richard Ellis, an international property consulting firm, said yesterday.

ANALYSIS

Central bank measure reminiscent of 'Tobin tax'

The Bank of Thailand apparently took inspiration from the "Tobin tax" when it slapped a draconian 30-per-cent reserve requirement on capital inflows to curb currency plays.



Year-End Special: Businessman of the Year

Innovative marketing from Preuksa Real Estate chief



Eye for property

Although part of the Lao Peng Nguan steel dynasty, Donpiwat decided development was the way to go and is reaping the rewards with his projects for young executives






Top Stories



Market for condominiums badly hit

Surging baht not in line with local economy

Task force on shrimp issues

Biggest single-day drop ever

Equity funds lose billions of baht


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