SUGAR INDUSTRY
'No need for reserve measure'
Manufacturers want to have more for exports amid fixed local market
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Kim Eng cuts market-share target
Kim Eng Securities (Thailand) will reduce its market-share target this year to 8-9 per cent, from 11-12 per cent last year, saying the Bank of Thailand's draconian capital-reserve requirement had fostered sluggish investment sentiment.
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SEC to study new scheme
The Securities and Exchange Commission (SEC) board of directors has approved a feasibility study into allowing local investors to invest in foreign securities through Transferable Custody Receipts (TCR).
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Asset managers focusing on fixed-income funds
SCB Asset Management (SCBAM) plans to launch 40 new funds this year aimed at adding another Bt60 billion to the Bt164.55 billion worth of assets under its management.
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CAPITAL-RAISING PLAN
Thai Copper set to list in Singapore
Thai Copper Industries is poised to raise about Bt10 billion by listing on the Singapore Exchange.
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Company reports
EVERLAND announced that its financial planner, Property Planner, informed it that the Central Bankruptcy Court on Monday approved the cancellation of the company's rehabilitation plan.
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STOCK FOCUS
Preuksa Real Estate
Globlex Securities has recommended "buy" on Preuksa Real Estate shares, with a target price of Bt7 apiece.
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Late news :One-stop centre for foreign films
The Cabinet yesterday approved the establishment of a one-stop centre to promote foreign film production in Thailand.
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Ethanol demand 'may reduce food'
US-based IHS, a global leader in technical information and advisory services in the energy and engineering industries, has warned that ethanol producers should be concerned about creating food shortages.
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Act changes 'won't break WTO rules'
The Commerce Ministry yesterday insisted that enforcement of voting rights under the amended Foreign Business Act (FBA) would not breach World Trade Organisation (WTO) commitments.
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AIS and True Move sign deal
Advanced Info Service (AIS) forged a bilateral agreement with True Move yesterday over interconnection charges.
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Property market faces drop of 10 per cent this year
The value of the local property market will drop as much as 10 per cent this year, due to lower confidence among home-buyers and slight growth in the Thai economy, research conducted by property agencies indicates.
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Panda to promote green tea
Siam Kirin Beverage, a Thai-Japanese joint venture that sells Namacha green tea, plans to arrange intensive marketing activities using the Namacha panda mascot to promote brand awareness following its introduction to the Thai market last June.
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Thai Preeda signs distribution deal
Cooking-sauce manufacturer Thai Preeda Industry will be able to distribute its products to more than 60,000 retail outlets nationwide after yesterday announcing it was joining the Sahapathanapibul distribution network.
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PHONE-REVENUE DISPUTE
TOT to block DTAC, True Move customers
Some 25m mobile-phone users could be affected as state agency demands payment of access charge
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AIS set to launch promotional schemes
Advanced Info Service (AIS) plans to launch new promotional call packages for subscribers to its prepaid phone service tomorrow, in a bid to maintain its customer base.
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Cosmetics firm set for sales bonanza
OP Natural Products, manufacturer of Oriental Princess beauty products, plans four strategies to help it achieve its sales target of Bt1.5 billion this year, representing 11-per-cent growth from last year.
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In brief :Nok Air's new destination
Nok Air yesterday launched a new two-flights-a-day service between Bangkok and Krabi, flying Boeing 737-400s accommodating 156 passengers.
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New investment by Matsushita
Matsushita Electric Industrial, best known for its Panasonic brand of audio-visual and electrical-appliance products, yesterday showed its commitment to Thailand by revealing plans to invest at least Bt6 billion here over the next three years.
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Mixed opinions on policy-rate outcome
The market has mixed opinions over the central bank's likely stance on policy rates at today's Monetary Policy Committee (MPC) meeting amid both positive and negative factors for the economy.
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Oil refineries ready to reduce emissions
Oil refineries and petrochemical plants in the Map Ta Put Industrial Estate voiced their readiness to follow tougher environmental standards but raised concerns that the air-pollution control measures would cause difficulty for the construction of new plants in this part of Rayong province.
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COMMENT
Misunderstanding continues unabated
An article in yesterday's edition of The Asian Wall Street Journal on the sufficiency economy raises the question of whether the Surayud government has done enough to explain the basics of the philosophy or if foreigners are simply turning a blind eye to the philosophy's fundamentals, writes the Business Desk.
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STREET WISE
Press hounds kept at bay
Thai reporters have long been familiar with an informal style when they question sources at a press conference.
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A labour of love
From luxury fashion brands to fine wine and automobiles, Vachara Phanchet indulged his passions through his work - but now wants to give something back
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