TOT Plc earmarked 25 billion baht for two fibre-optic networks in its latest move to become a network service provider and create new revenue streams. The move is part of TOT's strategy to stay afloat after its concession revenue vanishes at year-end. Chief executive Yongyuth Wattanasin said up to 20 billion baht will be spent on installing 3 million ports for a nationwide ...
Chinas risky finances could stall growth
In the coming years, China's government will have to confront significant challenges to achieve stable, inclusive and sustainable economic growth. But with mounting fiscal and financial risks threatening to derail their efforts, policymakers must act quickly to design and implement prudent, forward-looking policies. The most significant medium- and long-term threat to China's fiscal ...
BAY consumer unit eyes regional growth
Kris Chantanotoke (centre), a BAY executive vice-president, presents the Manchester United debit card with former striker Andrew Cole and a model. SOMCHAI POOMLARD The move is in line with the business strategy of Bank of Tokyo-Mitsubishi UFJ (BTMU), soon to become the main shareholder in BAY. Thakorn Piyapan, the managing director of Krungsri Consumer, said BTMU will use the Thai bank to ...
Spending slump hits direct sales
The direct-sales industry is expected to grow by 5% to about 73.5 billion baht this year, down by half from the norm over the past decade, says the Thai Direct Selling Association. President Kittawat Ritteerawee said the slowdown in consumer spending in the sector has been evident since the first quarter as people carefully considered purchasing products such as beauty and food supplements. ...
Investors ploughing into mutual funds
The mutual fund industry expects to enjoy double-digit growth this year on low interest rates and an upsurge in provident funds, says the president of the Association of Investment Management Companies. According to Somjin Sornpaisarn, low rates have compelled investors to seek better returns from mutual funds, with long-term fixed income and local and global equities set to give higher returns ...
OfficeMate plans online sales boost
OfficeMate Plc, the country's leading stationery and office equipment store chain, hopes to double sales revenue to 20 billion baht over the next three years. It plans to add a new unit dedicated to online sales by the end of next year to ensure its turnover increases by at least 15% by 2016. The unit will take care of online activities for all business units under its parent firm, ...
Grammy reportedly sells off majority of POST shares
GMM Media, a unit of entertainment giant GMM Grammy, yesterday announced the sale of 75 million shares in Post Publishing Plc, the publisher of the Bangkok Post, Post Today and M2F newspapers. GMM Grammy, in a statement to the Stock Exchange of Thailand, said it sold shares representing 15% of POST at a price of 8.25 baht per share for a total of 618.75 million baht. The company said over the ...
Thai police save 90 cats apparently headed to Vietnam dining tables
BANGKOK -- Thai police say they have rescued about 90 famished cats that they believed had been headed to Vietnam.They declined to say what fate they had rescued the felines from, but cats are considered a culinary delight in their intended destination.Police Col. Sakchai Sadmaroeng said Thursday his men stopped a pickup truck at a checkpoint Thursday in northeastern Nakhon Phanom province and ...
Coral reefs in severe state of degradation
Coral reefs at a popular marine national park, which covers the famous Phi Phi Island, have reached a severe level of degradation due to bleaching, a survey ...
Another 35 cars bought under his name
Department of Special Investigation (DSI) investigators yesterday managed to get a DNA sample from Luang Pu Nenkham's half brother, while further investigation found that the monk had bought a total of 35 cars in Ubon Ratchathani. These cars are in addition to the 22 luxury cars the monk allegedly bought. Meanwhile, the woman who claims to have had a sexual relationship with the monk ...
Cat-smuggler held felines were en route to Vietnam
mekong River, who then shipped them to Vietnam where they could fetch good prices for their meat. Sodsai was booked for cruelty to animals and transporting livestock without a proper health check or permit. The cats would be sent temporarily to a quarantine station. In this first case of cat smuggling for their meat, police suspect that this gang might be backed by the same group of Maha ...
Chaturon to focus on improving education
Education Minister Chaturon Chaisang yesterday vowed to make 2013 the "Year of United Efforts for the Improvement of Thailand's Educational ...
Credit Union chief got Bt3 billion
The Cooperative Auditing Department said it had found that Klongchan Credit Union had allegedly transferred Bt3 billion as advance payment to its embattled chairman Supachai ...
Blast in Yala injures eight soldiers
Eight soldiers were slightly wounded in a roadside bomb attack in Yala's Raman district yesterday and authorities believe an insurgent group led by Saifulloh Balor might be behind the ...
3 killed 5 hurt in Sung Noen horror crash
A minivan carrying employees working for Cannon Thailand's branch in Nakhon Ratchasima's Sung Noen district crashed into trees and overturned yesterday morning, killing three people and injuring five ...
Prayuth breaks silence over clip
Army chief Prayuth Chan-ocha broke his silence Thursday over an audio clip that cast the military in a controversial light, saying he has not made a deal to bring ousted prime minister Thaksin Shinawatra home. Gen Prayuth insisted he has not even given thought to the matter because it was not part of his job. "How could I make an agreement? You should ask the people who talked about it. I ...
Cargill acquires Thai producer of shrimp feed
Cargill said Thursday it acquired a shrimp feed business in Thailand, Siamakme Aquatic Feeds Co., for terms that weren't disclosed. The acquisition will become part of Cargill's animal nutrition business that already produces shrimp feed in several countries in South America and ...
Cold Cuts Pad Thai And Lessons In Business Strategy
It's better to do one thing really well than to do many things not so well. (Pad Thai, Photo credit: nebulux76) Unfortunately the sandwiches just haven't been the same, he said, since the butcher shop went under new ownership and changed its name to Ye Olde Deli ...
Manchester United Arrives in Thailand
Bangkok - "United in Thailand" announced the bus carrying UK football team Manchester United. The team landed in Bangkok on Thursday and were greeted by a crowd of supporters and media. Manchester United Manager David Moyes greeted the waiting group with a traditional Thai bow and a big smile. More fans were waiting at the 5 star downtown hotel where the team is staying. Manchester ...
SET index opens up 29.26 pts 2.11 pct
Thai composite stocks index (SET) opened on Thursday at 1,417.67, up 29.26 points, or 2.11 per cent in line with most regional shares. Blue chip SET-50 index was at 968.10, up 21.44 points, or 2.26 per cent. Top five active (value) stocks: BAY, KBANK, JAS, KTB, SCB. The ...
90 cats rescued from smuggling near Thai border
BANGKOK -- Thai police say they have rescued about 90 famished cats that they believed had been headed to Vietnam. They declined to say what fate they had rescued the felines from, but cats are considered a delicacy in their intended destination.Police Col. Sakchai Sadmaroeng said Thursday his men stopped a pickup truck at a checkpoint Thursday and found six plastic cages full of cats in ...
Cats saved from hungry diners by Thai police
Thai police have rescued about 90 famished cats they believed were being sent to Vietnam, where the animals are considered a delicacy.Officers stopped a pickup truck at a checkpoint today and found six plastic cages full of cats in north-eastern Nakhon Phanom province. The driver was arrested and faces charges including animal cruelty and illegal transportation of animals.The Thai driver told ...
Source: http://www.thailandnews.net/index.php/sid/215774060/scat/f90d16c28a9b5294
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