CONFECTIONERY
European Food targets 25% growth
Ambitious plan aims to increase sales to Bt2.4 billion this year
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Tenth AP AdFest lauded as the 'Cannes of Asia'
Each March for the past decade, advertising people from all over the Asia-Pacific have gathered at the Pattaya Exhibition and Convention Hall in the Royal Cliff Beach Resort Hotel to compete for regional recognition in the Asia-Pacific Advertising Festival (AP AdFest).
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Realty broker Harrison to exhibit at 50 events this year
Property broker Harrison plans to launch a solo exhibition at up to 50 events across Europe and Asia, to ensure sales growth of 25 per cent to Bt10 billion this year.
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Strong demand for Bangkok flats
Demand for apartments in central Bangkok has remained healthy, with an average occupancy rate of more than 90 per cent, says international real-estate-services firm Jones Lang LaSalle.
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In Brief :Merger plan for agriculture bodies
The Agriculture and Cooperatives Ministry is considering merging the Marketing Organisation for Farmers (MOF) with the Public Warehouse Organisation (PWO) overseen by the Commerce Ministry to improve efficiency.
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Modernising the family firm
Aroon Ruengcha-rungpong is bringing Thai Stainless Steel into the 21st century, including by teaching older staff to cyber-surf
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SET to invest in new Vayupak Fund
The Stock Exchange of Thailand (SET) will invest about Bt5 billion, but not more than Bt10 billion, in the Vayupak Fund 2, which is expected to be established soon as a means of lowering the government's investment burden from mass-transit construction.
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CPF to expand its Philippines operation
Charoen Pokphand Foods (CPF) yesterday announced plans to invest Bt37 million to expand its livestock and aquaculture business in the Philippines' economic area of Cebu.
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BANKING SECTOR
Rating agency revises outlook
Fitch Ratings (Thailand) yesterday revised its outlook on Thanachart Capital and its bank subsidiary, Thanachart Bank, to "negative" from "stable", citing the weakening business environment.
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Company reports
LANNA RESOURCES' board of directors has given approval to its wholly owned subsidiary Lanna (Singapore) to issue a confirmation letter to the Department of Energy and Mineral Resources of Indonesia that it will maintain its shareholding of at least 65 per cent in PT Singlurus Pratama.
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STOCK FOCUS
Thai Vegetable Oil
Tisco Securities has maintained its "buy" recommendation for Thai Vegetable Oil shares, with a 12-month target price of Bt9.70 apiece.
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Ascon will yield to Japanese partner on train project
Ascon Construction is ready to give a new Japanese partner 20 per cent of its proposed stake in a joint venture set up to bid on the electric-train projects.
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Call for interest-rate cuts, tax on currency trading
The Bank of Thailand (BOT) and the Finance Ministry have been urged to implement market-friendly measures to curb the growing strength of the baht, including further policy interest-rate cuts and the imposition of a low-rate Tobin tax on currency trading.
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THAI gears up for Don Muang
Yesterday, five days before Don Muang's reopening, representatives of THAI, One-Two-Go and Nok Air were at Don Muang to prepare for operations at the old airport.
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Eswaran: We started our business here seven years ago.
QI Group to invest Bt1 bn in Thai leisure industry
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STREET WISE
Aggravation via the Internet
Recently, I received a mysterious e-mail from info@hi-thaksin.net.
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Tax cut of 15-20% for eco-cars
The Industry Ministry will propose to the Cabinet that the excise tax on eco-cars be fixed at 15-20 per cent, to encourage investment in small-car production, an automobile industry source said.
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Industry Ministry to ask for Bt10 bn for fiscal 2008
The Industry Ministry has proposed a spending budget of Bt10 billion for fiscal 2008.
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Retailers fail to speed up legislation
The Cabinet yesterday failed to consider the proposed Retail Business Act, despite pressure from the Federation of Thais Opposing Foreign Retailers, which rallied in front of Government House to demand that authorities speed up implementation of the law to protect traditional retailers.
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'Human capital' worries plague Japanese FTA deal
With the conclusion of the Japan-Thailand Economic Partnership Agreement (Jtepa) looming, Yoichi Kato, president of the Japan External Trade Organisation (Jetro), worries there might not be enough Thai Japanese speakers to accommodate the influx of bilateral trade and investment.
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Thai Rung looks for opportunities abroad
Thai Rung Union Car, a local manufacturer of pickups and an original equipment manufacturer for vehicle parts, is searching for business opportunities with auto companies in Vietnam.
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Chester's Grill undergoes image makeover
Chester's Grill, a quick-service restaurant unit of the Charoen Pokphand Group, is refreshing its brand in a move to strengthen its bond with its core customers.
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ECONOMIC POLICY
NESDB tasked to ensure 4% growth
Grass-roots lending projects and minimum-wage changes considered by Cabinet
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Late news :Transit agency gets more power
The Cabinet yesterday awarded more power to the Expressway and Rapid Transit Authority of Thailand in establishing joint ventures or awarding concessions to private operators.
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