The country’s restaurant business is expected to lose about 15 billion baht because of the heavy floods, according to the Thai Restaurant Association (TRA). President Pavornwan Kulmongkul said thousands of restaurants had been submerged. Of the total, 500 are in Pathum Thani, 200 in Ayutthaya and 300 to 500 in Bangkok, mainly in Thawi Watthana [...]
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Some take dim view of capital plan for Big C
France-based Casino Group’s capital-raising plan for its Big C Supercenter hypermarket chain might run into resistance from local minority shareholders. Many small shareholders disagree with the plan, claiming it is not transparent or is unreasonable. Casino Group holds about 65 per cent of Big C. Big C’s board yesterday decided to postpone the extraordinary shareholders’ [...]
Listed firms’ profits increase only 2.4%
Listed companies reported total net profits for the first nine months of 2011 of 511.9 billion baht, an increase of 2.4% from 500 billion in the same period last year, according to Tientip Subhanij, director of the SET’s Capital Market Research Institute. Sales revenue in the period rose 30% year-on-year to 6 trillion baht for [...]
SET likely to take more local focus
The Stock Exchange of Thailand (SET) has been cautious in adjusting its strategy to keep up with both the floods and the European debt crisis. Pakorn Peetathawatchai, chief marketing officer of the SET, said that even though the current euro-zone public debt crisis would have more impact on sentiment in the Thai market than the [...]
Rubber growers to cut supply 25%
Rubber growers in the southern provinces have agreed to reduce supply by at least 25% in an attempt to stabilise prices that have been declining steadily for two months. Under the agreement, planters will reduce tapping to 15 days a month from 20 during the high season, said Wit Pratuckchai, director-general of the Office of [...]
Thailand’s expats get duped in purchasing property
Residential sales to expats in Pattaya and Phuket plummeted after a Swedish television show alleged that Swedes have been swindled in property purchases. According to the television show, the Swedes had paid for their villas but hadn’t received the keys to their properties. Andrew Dummond’s website outlines a case against three men, who according to [...]
Expansion ahead for Major Cineplex
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na and at Seacon Bangkhae, under renovation on Phetkasem Road. The other 24 will open at other retail sites such as CentralPlaza shopping complexes, Big C and Tesco Lotus. The additional 50 will bring the number [...]
Leaders bullish on post-flood prospects
Captains of industry are upbeat about the economic outlook for next year, given that the private and state sectors will spend massively on restoring infrastructure hit by the flooding, which will in turn create jobs and boost growth. Thapana Sirivadhanabhakdi, president and chief executive officer of Thai Beverage, yesterday said he agreed with remarks made [...]
Tata ready to roll at Bitec event
Tata Motors, India’s largest carmaker by revenue, is preparing to sell buses and trucks in Thailand amid tough competition in the commercial vehicle sector. The company will showcase an array of Tata commercial vehicles at Bus & Truck ’11, to be held at the Bangkok Trade & Exhibition Center from Dec 15-17. Tata will show [...]
Prices in flood zones to be hit
Land prices in flooded areas show signs of slumping 20-30 per cent and staying there for two or three years before returning to normal, according to Colliers International (Thailand) Co. Patima Jirapate, managing director of the real-estate agency, said in a group interview yesterday that the new metropolitan master plan would not be amended to [...]
Featured Posts
Featured Posts on Thaivest Thai Stocks, Trade & Investment Research.
Betagro aims for market leadership
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Betagro Group has set itself an aggressive goal to become the pork-export leader through its five-year business plan to achieve ... ∞
Expansion ahead for Major Cineplex
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Chairman Vicha Poolvaraluck said 26 of the screens would be developed at the Mega Bangna shopping complex in Bang Na ... ∞
Jay Mart dialling up growth in three markets
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
Jay Mart Plc was established on Dec 27, 1988 with registered capital of 2 million baht, initially selling electrical appliances ... ∞
IVL supported by strong sales volumes
Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Indorama Ventures Plc is expected to show strong sales volume next year, with contributions from its 5 acquisitions made in ... ∞
Saving remaining estates
The Kingdom's most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern ... ∞
The Kingdom's most powerful private-sector organisation has called for the government to protect the remaining industrial estates in the eastern ... ∞ - Pruksa takes great pride
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svend: I wonder why the Thai market doesn't follow the t...
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Stephen Gold: All this rise in gold prices seems to be fear driv...
