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Fri, January 12, 2007 : Last updated 21:14 pm (Thai local time)



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Investors must be wary of NVDRs as they assess new law

There is one more jigsaw piece that foreign and Thai investors should watch out for as they try to solve the new puzzle created by the changes to the Foreign Business Act just approved by the Cabinet. That is the treatment of non-voting depository receipts (NVDRs) and treasury stock.




Act should not affect logistics services

The new draft of the recently announced Foreign Business Act does not have much impact on the logistics industry, because all types of logistics-related service providers are under the regulation of their relevant laws, say experts.





Toyota ready to celebrate a treble as Thai market leader

Toyota is likely to win its first triple crown - passenger car sales, commercial vehicle sales and total sales - in Thailand after unofficial 2006 sales figures showed that it had beaten arch-rival Isuzu in the commercial vehicle category.



Back in good health

Phyathai Hospital Group is a lesson for others in the way that it has battled its way out of debt, and is now focusing on its core healthcare business



The best of both worlds

Gempeace shop-owner Chuchai has two houses in his ultimate lifestyle home



TCC builds on Phya Thai Road

Within three years of its formation, TCC Capital Land has established a foothold in the highly competitive housing sector.



Movenpick units hold good value

Movenpick Residences on Karon Beach offers fully completed, fitted leasehold apartments - and the project is ready for viewing.



Balancing work & health

A self-described workaholic, Sora Kaitkanarat has learned to pace himself as a strategic planner

IN BRIEF

Tourism: Bomb blasts to cause 600,000 drop in foreign tourists in first quarter

Thailand's tourism revenue in the first quarter will be slashed by Bt8 billion as the number of foreign tourists should drop by 600,000 due to the bomb blasts in Bangkok, according to Kasikorn Research Centre.



South Korean visitors exceed one million

Visitors to Thailand from South Korea crossed the one million mark last year, above the Tourism Authority of Thailand Seoul office's target of 970,000.



Big expansion for Go Sun

Chicken farmer and frozen-chicken exporter Sun Group plans to increase the number of push carts in its Go Sun khao man gai (chicken and rice) franchise business to 250 this quarter.



Don Muang likely to take off again soon

The Civil Aviation Department is likely to allow low-cost airlines and domestic flights to start using Don Muang airport again on a voluntary basis.

PERSONAL CARE/HOUSEHOLD

Bio Consumer set to venture overseas

Local producer hopes eventually to export to 20 countries

LATE NEWS

TAT to scrap new campaign and return to 'Amazing Thailand'

The Tourism Authority of Thailand (TAT) will drop its recently launched "Thailand Unforgettable" publicity campaign and resume the previous "Amazing Thailand" campaign, TAT governor Pornsiri Manoharn said yesterday.



Reforestation firm plans to boost image by listing

Touchwood Forestry, Asia's first privately managed reforestation operator, plans to enter the Market for Alternative Investment in September, its CEO Pierre Maloney said yesterday.



Small oil retailer to increase petrol stations to 100 this year

Rayong Purifier wants to add 40 petrol stations this year to its current total of 60 but at a total cost of only Bt100 million.



TOT seeks guidance as battle over phone revenues heats up

TOT has decided to proceed with its plan to consult the Council of State over its need to comply with the new interconnection-charge regulations of the National Telecommunications Commission (NTC).



Kao goes on the Attack with Bt500m campaign

Kao Commercial (Thailand) will launch a Bt500-million marketing blitz this year to put its Attack brand back at the top of the Bt12-billion laundry detergent market.



Capital too scarce to buy back shares

Despite a maximum two-year grace period, Thai enterprises might not be able to buy back stakes from foreign shareholders in line with the Foreign Business Act's draft regulations, due to a shortage of capital.



Consumer confidence at five-month low

The New Year's Eve bombings prompted the country's consumer confidence to drop to its lowest level in five months, says a special survey by the University of the Thai Chamber of Commerce (UTCC).

COMPETITION FEARS

Small retailers 'ready to give up'

40% of shops in Bangkok prepared to close this year: survey



Single-premium income hits Thai Life

Due to an expected drop in single-premium income in its 2006 operations, Thai Life Insurance's total premium income was down 5.8 per cent last year.



BOT move a boon for banks

The Bank of Thailand's 30-per-cent withholding measure will benefit banks by boosting their short-term loans, Kasikornbank executive vice president Boontuck Wangcharoen said yesterday.

FINANCING BUDGET DEFICIT

Unexpected rush for bonds

The government's first tranche of bonds to finance its budget deficit has surprisingly been oversubscribed by five times amid earlier speculation that the government would face low demand for the bonds and a higher cost of funds, because of the impact from the central bank's draconian anti-speculation measures.

FRIDAY BUG

On a wing and a prayer

Deputy Prime Minister and Finance Minister MR Pridiyathorn Devakula has regularly visited Bang Khunphrom Palace during Buddhist holy days.



Banpu mulls listing its Indonesian unit

Banpu announced yesterday that it is studying a plan to list its Indonesian coal unit on the Jakarta Stock Exchange, but intends to maintain its interest in the unit at 80 per cent.

STOCK MARKET

Foreign buyers return, drive SET 2.5% higher

Technical rebound, speculative buying also contribute to much-needed rise

STREET WISE

Calm before the storm

It is prestigious to be a corporate chairman, particularly if your company is listed. In return for his service, mainly to shape general business policy, a chairperson is entitled to spectacular benefits.

FOREIGN BUSINESS ACT

Doubts over concessions 'would shrink Shin prices'

Uncertainty would force group's shares down if Kularb Kaew is ruled as nominee and foreign stakes have to be sold: broker






Top Stories



'We could withdraw our investments'

No more than 15 listed firms will be affected - SET

Many in service sector feeling the heat

SET steadies after telecom exemption

Banking on new schemes to win clients


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