2007 PROPERTY OUTLOOK
Low to middle sectors to the fore
Developers turning their focus from the highly competitive mid- to upper range
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Jet Airways set to spread its wings
India-based Jet Airways is to expand its network into Thailand by introducing a total of 14 flights a week on the Bangkok-New Delhi and Bangkok-Calcutta routes, starting January 23.
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Pump crackdown :Campaign launched to prevent cheating at petrol stations
The Internal Trade Department will call a meeting today with Thailand's eight leading petrol station operators - PTT, Conoco, Caltex Oil, Esso Standard, Shell, BCP, Siam United Services and Petronas - to find measures to prevent cheating at fuel pumps.
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Big reputation rests on a journey of love
While in Bangkok, Sebastian Morin, Kenzo Parfum's area manager for Southeast Asia and India, gave an insight into how important the Thai and other Asian markets are to the French company
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Bangkok blasts blow a hole in Amata's sales target
Industrial estate developer Amata Corp expects its sales to drop this year as the series of bomb blasts in Bangkok on New Year's Eve have prompted foreign investors to delay their investment plans.
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Spending spree as Mida gets into hotels
Bangkok-based hire-purchase finance firm Mida Assets has bought stakes in five hotel companies, the Stock Exchange of Thailand reported yesterday.
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Capital outflow considerably lower than expected, says BOT
Only about US$600 million (Bt21.5 billion) in foreign funds have flowed out of the country since the drastic withholding measure was introduced last month, while the amount of non-resident baht accounts has returned to a normal level, according to the Bank of Thailand.
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STREET WISE
Reaping the whirlwind
Whenever a crucial law is amended, it can cause chaos. No wonder the Commerce Ministry's plan to amend the Foreign Business Act has caused so much commotion in Thai business circles.
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Late news :Biosciences deal boosts Dabur
Dabur Pharma yesterday said it had acquired the entire oncology (anti-cancer) sales and distribution business from its partner Biosciences in Thailand for an undisclosed amount.
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Decree soon on gas board
The Energy Ministry expects to forward the draft executive decree on the establishment of the natural-gas regulatory board to the Cabinet this month, partly to save PTT from consumer groups.
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Telecom regulator getting tough with TOT
The telecom regulator yesterday sent letters to the Information and Communications Technology (ICT) and Finance ministries asking them to make TOT comply with its interconnection regime, saying that consumers would suffer otherwise.
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Port Authority scraps building project
The Port Authority of Thailand has abandoned its plans for a Bt20-billion shopping and convention complex in the Klong Toei Port area that had been part of the previous government's policy.
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New RS logo design reflects its revamp
RS, a local provider of entertainment content, has introduced its new "water form" logo, which will reflect the reshuffle of its business organisation over the past couple of years.
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Big bucks in pet care
Thonglor Pet Hospital plans to open up two more pet hospitals and four more pet-care shops in Bangkok as part of its expansion plans coinciding with its 12th anniversary, which was yesterday.
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SAHA-UNION
Sportswear line to get trial run
D-maQ producer will up production if test is successful
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CONSTRUCTION
Downturn puts thousands out of work
Industry association says membership has fallen sharply, many more business closures could follow
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Government revenues beat target
Government revenues last month came in slightly ahead of the targeted figure, rising 6.3 per cent from December 2005.
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SPECIAL REPORT
Afet to struggle, outlook seen brighter forTFEX
The Agricultural Futures Exchange of Thailand (Afet) and the Thailand Futures Exchange (TFEX) are like fraternal twins.
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SCB to hike credit card interest to 20%
Siam Commercial Bank will raise its credit-card interest rate to 20 per cent within two months.
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Company reports
BANGKOK BANK reported the retirement of Thamnoon Laokaikul as senior executive vice president, effective from January 1. However, he is still a director of the bank.
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STOCK FOCUS
Kasikornbank
KGI Securities (Thailand) has maintained its "outperform" rating on Kasikornbank's stock, with a 2007 target price of Bt84 per share.
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