The Pizza Company, operator of a restaurant chain under the management of the Minor Food Group, plans to continue investing heavily in branch expansion and development of products and services to achieve its goal of Bt8 billion in sales revenue in the next five years. “We see huge opportunity in Thailand for the restaurant business, [...]
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French reinsurer CCR not accepting more Thai business
CCR Group, a leading French reinsurer, has circulated a letter informing its partners in New Zealand, Australia and Thailand to stop writing business with the company in order to ensure its long-term profitability for the benefit of shareholders. The letter, sent on Monday by the head office in Paris, said the group had conducted a [...]
SCG chief sees only short-term Impact on economy from floods
Siam Cement Group (SCG), the country’s largest industrial conglomerate, foresees disruption from the severe flooding to affect the Thai economy in the short term, however it expects the recovery to be faster than some analysts have predicted. “I read some analysis, which said that |the Thai economy will recover in the final |quarter of next [...]
Oishi ready to restart, expand
Oishi Group Plc, the country’s biggest green tea maker and Japanese restaurant chain, plans to spend 400 million baht to add 30 new outlets next year. Of the total, 15 will be Shabushi outlets with the rest Oishi Ramen, Oishi Japanese Buffet Restaurant or Nikuya. Paisarn Aowsathaporn, Oishi’s executive vice-president for food, said the expansion [...]
SENA goes golfing
Listed property developer Sena Development (SENA) plans to launch a residential project in Pattaya next year, according to the Bangkok Post. The company will ask shareholders on December 27 to approve purchase of a 100 rai piece of land in Pattaya Country Club with an appraised value of almost THB2 billion (US$64.9 million). The decision [...]
Ch Karnchang gears up for billions’ of contracts
Ch Karnchang, the country’s second-largest construction company, is ready to take on Bt50 billion to Bt60 billion worth of post-flood work. Chief executive officer Plew Trivisvavet said yesterday that after all flood waters have been mopped up, old infrastructure such as roads would need to be repaired while new infrastructure, such as roads, buildings and [...]
Room rates poised to spike 20%
Thai hotels could raise their room rates by up to 20% next year as current prices are lower than their competitors in neighboring countries, says the US-based Starwood Hotels and Resorts. Many in the country have plan a 5-10% increase, as rates have been frozen since late 2008 due first to domestic political instability and [...]
Rice exports face rocky road in 2012
The export outlook for Thai rice next year will depend on the government’s policy for promoting exports and the export performance of india, says the Thai Rice Exporters Association. Korbsook Iamsuri, the association president, said exports to African markets have dropped by as much as 70-80% from the usual 3 million tonnes per year. This [...]
Restaurants take a soaking
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 [...]
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’ [...]
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