THAI executive aims at final goal
Amid fierce competition in the airline industry, retiring Wallop Bhukkanasut comes under huge pressure to prove his worthiness to Thai Airways International - the national carrier that his father, Knisr, helped found
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LATE NEWS
Car exports rise by 22 per cent
Thailand last year witnessed 22-per-cent growth in passenger-car exports to 538,966 units. Their combined value was Bt240.76 billion, an increase of 18.59 per cent.
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Plan to extend energy-saving law
The Energy Ministry is seeking to extend the energy conservation law to transport, agriculture and construction, a ministry source said yesterday.
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Muang Thai eyes big growth
Muang Thai Life Assurance expects growth of 26 per cent in total premiums this year and plans to recruit 5,000 more sales agents to achieve that target.
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Kingdom is ranked lowest
With an index of minus 12.9, Thailand this month ranked lowest among five Asean countries for Japanese business sentiment.
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Ford Motor mulls eco-car plant here
US-based carmaker Ford Motor is considering Thailand as a potential location for a plant to build small and fuel-efficient eco-cars specifically for export, Commerce Minister Krirk-krai Jirapaet said yesterday.
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GEL back to basics after ceasing building
General Engineering (GEL), a manufacturer of construction materials, has restructured its business strategy for this year by focusing on its core product of prestressed concrete piles.
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15 biomass deals open to foreigners
The Energy Ministry has short-listed 15 local biomass power plants for foreign companies investing in clean energies outside their home countries under the UN's Clean Development Mechanism (CDM) of the Kyoto Protocol. Energy Minister Piyasvasti Amranand said the transaction could be worth more than Bt300 million annually.
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MINISTRY PROBE
ShinSat under investigation
Investigation will decide whether Shin Corp subsidiary breached contract terms
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Aromatics' profits leap
Aromatics (Thailand) yesterday reported a 2006 net profit of Bt6.42 billion, an increase of 22 per cent on the 2005 figure of Bt5.24 billion, thanks to higher product prices.
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STOCK FOCUS
Thai Airways International
KGI Securities (Thailand) has placed an "outperform" rating on shares of Thai Airways International (THAI) stock, with a target price of Bt57 apiece.
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Company reports
BUMRUNGRAD HOSPITAL said it would waive the rights to subscribe to a maximum 3.71 million shares of 51-per-cent-owned subsidiary Bumrungrad International for Bt153.52 apiece, allocating the rights to Asia Financial Holdings or its wholly owned subsidiary.
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Bank liquidity boosted by flagging credit growth
Bank liquidity remained high at Bt1.37 trillion as of last November, due to the slow-down in credit growth amid flagging domestic demand, reports the Bank of Thailand (BOT).
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DEBT-TO-EQUITY SWAP PROPOSAL
Creditors unhappy with Picnic's plan
Picnic Corp's creditors are likely to reject the embattled cooking gas company's proposal of a debt-to-equity swap.
Sripop Sarasas, president and CEO of Krung Thai Asset Management, said yesterday he doubted whether Picnic's creditors would be willing to accept the offer as the market price of its shares now stands at Bt0.30, well below the exercise price of Bt1.
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Teledirect sees 30% sales growth this year
Teledirect Telecommerce (Thailand) sees its telesales business growing by 30 per cent this year through deeper penetration of the banking and insurance industries.
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DEMUTUALISATION
SET president opposes surprise plan
Patareeya says stock exchange in no need of additional capital and warns of private sector interests altering its goals
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STREET WISE
General Sonthi needed a coach
Thai coup leader General Sonthi Boonyaratglin said he has advice for former prime minister Thaksin Shinawatra. In answering whether he had anything to say to Thaksin before he went on air on CNN, the Council for National Security (CNS) chief said, "He must first think how to properly show his love for the country in anything he does."
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More time for iTV
Broadcaster iTV could have an extra 30 to 45 days to repay its overdue concession fees to the PM's Office.
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STANDARD AND POOR'S REPORT
Freer float of currency 'key to sustaining growth'
East Asian governments, caught up in the dilemma of strong currencies, have been advised by global credit-ratings firm Standard and Poor's to allow a freer float of their exchange rates, to maintain macroeconomic stability without causing a sharp slow-down in economic growth.
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IRPC offers Rayong lot as alternate energy site
IRPC is considering turning 4,000 rai of unused land in Rayong into an industrial estate to accommodate petrochemical and energy companies facing difficulties in locating in Map Ta Phut due to environmental concerns.
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Consumption, investment down
Both household consumption and private investment contracted last month, the Fiscal Policy Office reported yesterday.
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Sino-Thai talks on tapioca
The Foreign Trade Department has persuaded China's leading importer of farm products to negotiate with Thai exporters the purchase 100,000 tonnes of tapioca starch this year.
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Bascap targets piracy
CEOs of global companies have come up with a wide-ranging new plan for ramping up the fight against counterfeiting and piracy.
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PROPERTY MARKET
Foreigners halt expansion plans
Firms delay buying, renting office space over FBA concerns
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LEISURE SECTOR
Hyatt opens luxury spa
Hotel invests Bt450m in facilities that will attract top-end tourists to Hua Hin
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