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Ford threatening to relocate project SME bank plans aggressive lending Thai Stanley Electric easily beat expectations PM: 2010 GDP to rise 3.5% December Thai auto sales jumps 22.2 per cent Finance minister reveals a Korean investor is interested in acquiring SCIB shares Prices in Bangkok to climb by 10%, says Colliers
 
Ford threatening to relocate project

Ford threatening to relocate project

A Government House source quoted Prime Minister Abhisit Vejjajiva as saying at yesterday’s cabinet meeting that the US carmaker, which is planning to invest 20 billion baht, wants the government to find solutions to the Map Ta Phut issue as soon as possible. Ford is scheduled to sign a contract on Feb 15 with Hemaraj Land and Development [...]

SME bank plans aggressive lending

SME bank plans aggressive lending

The Small and Medium Enterprise Development Bank of Thailand plans to aggressively expand and approach more SMEs nationwide to increses its total loans by Bt30b from Bt56b last year. (The Nation)

Thai Stanley Electric easily beat expectations

Thai Stanley Electric easily beat expectations

Thai Stanley Electric reported a FY3Q10 (October – December 2009) net profit of Bt286mn, up 17.3% YoY and 36.9% QoQ. Excluding FX gain, normalized profit was Bt281mn, rising 9.8% YoY and 31.2% QoQ. The result was above the market expectation of Bt230-240mn. A higher-than-expected gross margin was the reason earnings beat expectations.

PM: 2010 GDP to rise 3.5%

PM: 2010 GDP to rise 3.5%

The country’s gross domestic product should rise 3.5% while the government revenue is expected to be more than Bt200b for this fiscal year, according to Prime Minister Abhisit Vejjajiva.

December Thai auto sales jumps 22.2 per cent

December Thai auto sales jumps 22.2 per cent

Auto sales in December jumped to 72,085 units, a 22.2 percent increase from the same period last year. Some of the increase was attributed to bookings at the Thailand International Motor Expo.  Mazda saw its sale increase 176 per cent on year, while other premium players like BMW and niche players like Hyundai and Tata [...]

Finance minister reveals a Korean investor is interested in acquiring SCIB shares

Finance minister reveals a Korean investor is interested in acquiring SCIB shares

According to finance minister Korn Chatikavanij, a Korean investor is interested in bidding for SCIB shares. The FIDF is currently in the process of divesting its 47% holding stake in SCIB.

Prices in Bangkok to climb by 10%, says Colliers

Prices in Bangkok to climb by 10%, says Colliers

Prices of residential projects close to Bangkok’s mass transit system and rents for grade-A office and retail properties in the central business district will rise by about 5% to 10% this year, says property consultancy Colliers International Thailand. Managing director Patima Jeerapaet said prices of luxury and mass residential units will this year increase by 5% and 5% to [...]

TOT calls AIS’s roaming request “problematic”

09 February 2010

TOT yesterday said it might not be easy to let Advanced Info Service roam with its third generation network anytime soon even though both of them had already agreed to talk about a possible deal.

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Posted in Advanced Info Service, Company News, Industry News, Telecommunication, Thai Stock Market, Thai Stocks0 Comments

Commission approves new Skytrain routes, Airport Rail Link

09 February 2010

The Commission for the Management of Land Traffic has approved two additional Skytrain routes – Pink and Orange – and an Airport Rail Link extension to Don Mueang Airport.

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Posted in Economy, Government & Politics, Thai Stock Market, Thai Stocks0 Comments

DTAC aims high in 2010

09 February 2010

Total Access Communication (DTAC) has targeted high single-digit revenue growth this year, for both mobile phone services and handset and smartphone sales, after its mobile phone service revenues fell 2.9 per cent last year.

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Posted in Company News, Industry News, Telecommunication, Thai Stock Market, Thai Stocks0 Comments

Bangkok entertainment considering up to 4 satellite channels

08 February 2010

Bangkok Entertainment, operator of TV Channel 3, is studying a plan to enter the growing satellite-TV market with the launch of three or four channels within its network. (The Nation)

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Posted in Industry News, Thai Stock Market, Thai Stocks0 Comments

CAT-DTAC deal could lead to price war

08 February 2010

Lower interconnection fees may leave room to cut airtime rates: The finalisation of a relatively low interconnection charge between CAT Telecom and Total Access Communication(DTAC) by the board of the telecom regulator could see a new price war erupt in the industry.

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Posted in Company News, Industry News, Telecommunication, Thai Stock Market, Thai Stocks0 Comments

Japanese investors want priority given to Map Ta Phut

08 February 2010

Japanese investors have urged the government to resolve the Map Tha Phut crisis quickly and put more effort into keeping the lid on political problems, in order to restore confidence among Japanese businesses.

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Posted in Economy, Industry News, Thai Stock Market, Thai Stocks0 Comments

THAI ready to axe three routes

05 February 2010

Thai Airways International (THAI) has decided to drop three under-performing regional routes but will reinstate services to Johannesburg starting from May. The routes that will be axed for the summer season starting in late March are Bangkok-Kuwait, Hong Kong-Taipei and Bangkok-Manila-Osaka. Pruet Boobphakam, THAI’s executive vice-president for commercial affairs,said the routes were being dropped to shift limited capacity to [...]

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Posted in Thai Airways, Thai Stock Market, Thai Stocks0 Comments

KBANK expands financial delivery service options

05 February 2010

Kasikornbank is expanding its financial delivery services to larger-value products such as long-term equity and retirement mutual funds. The bank currently offers delivery services for mortgage loans and its K-We Plan financial planning service. Under the programme, bank staff will visit clients at their offices or homes to promote services.

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Posted in Company News, Kasikorn Bank, Thai Stock Market, Thai Stocks0 Comments

New NBTC law may be enacted by year-end

05 February 2010

Legislation establishing a new broadcasting and telecom regulator is expected to come into force later this year, PM’s Office Minister Satit Wongnongtaey said yesterday. (The Nation)

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Posted in Industry News, Telecommunication, Thai Stock Market, Thai Stocks0 Comments

PTT eyes overseas coal

04 February 2010

PTT Plc, Thailand’s largest energy company, aims to raise the annual revenue from its overseas coal business to US$500-600m by 2014. Prospects for local business growth have dimmed due to environmental concerns, said Chitrapongse Kwangsukstith,acting president of PTT International. The group has explored business opportunities in Madagascar and Brunei in addition to existing coal operations in Indonesia, he said.

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Posted in Company News, PTT, Thai Stock Market, Thai Stocks0 Comments

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