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 [...]
Tag Archives | Thai Trade
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 [...]
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 an integrated breeding cycle including 140,000 great-grandparent pigs (GGP). These high-quality GGP stocks will allow the group to breed high-quality swine through grandparent (GP) and parent stock (PS). Part of the group’s Bt3-billion annual investment [...]
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’ [...]
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 [...]
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 [...]
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 [...]
Manufacturer to resume normal ops next month
The flood disaster has had a heavy impact on Kasisuri Co, a leading producer and exporter of rice-bran oil, which is facing business losses of Bt40 million to Bt50 million. It hopes to resume normal operations by next month. The company plans to build up a stockpile of least one month’s worth both of finished [...]
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
- Chain aims for 500 outlets by 2016
- French reinsurer CCR not accepting more Thai business
- SCG chief sees only short-term Impact on economy from floods
- Oishi ready to restart, expand
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svend: I wonder why the Thai market doesn't follow the t...
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Manfred Miller: Same story, year after year, how about a proper ir...
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Stephen Gold: All this rise in gold prices seems to be fear driv...
