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BUSINESS

Stronger baht seen as fleeting

Business, Wichit Chantanusornsiri, Published on 08/08/2017

» The strength of the baht, which last week leapfrogged the Korean won to become the best-performing currency in Asia against the US dollar in 2017, will be short-lived and is not a threat to exports in the second half, says Finance Minister Apisak Tantivorawong.

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BUSINESS

Dhanarak to fund complex

Business, Wichit Chantanusornsiri, Published on 08/08/2017

» Dhanarak Asset Development Co, a state enterprise under the Treasury Department, plans to raise funds through securitisation to finance a construction project worth more than 20 billion baht at the Chaeng Watthana Government Complex's Zone C.

BUSINESS

Director oversight plan foiled

Business, Wichit Chantanusornsiri, Published on 08/08/2017

» A plan to empower the Securities and Exchange Commission (SEC) to sack listed-company directors who cause damage and fail to comply with their fiduciary duties has been derailed by opposition voiced at a public hearing.

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BUSINESS

Plan to make better use of surplus fruit

Business, Phusadee Arunmas, Published on 08/08/2017

» The Commerce Ministry has joined with the Thai Chamber of Commerce to devise strategies for promoting Thai fruits at home and around the globe.

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BUSINESS

Illicit web pages removed

Business, Komsan Tortermvasana, Published on 08/08/2017

» Facebook and YouTube have confirmed that all web pages ruled as illicit by the Thai Criminal Court have been removed from their platforms.

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BUSINESS

Bid for SMC to buy non-banking mortgages

Business, Kanana Katharangsiporn, Published on 08/08/2017

» With banks' housing loan rejection rate still relatively high, the Thai Real Estate Association will ask the state-owned Secondary Mortgage Corporation (SMC) to buy mortgages from non-bank financial institutions to allow them to extend more loans to homebuyers.

BUSINESS

The Agent banks on foreign-led growth

Business, Kanana Katharangsiporn, Published on 08/08/2017

» The Agent (Property Expert) Co, a property brokerage subsidiary of SET-listed Ananda Development Plc, aims for sales growth of 15% to 9 billion baht this year, driven by foreign buyers.

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BUSINESS

Lawson 108 to pump out Susco branches

Business, Pitsinee Jitpleecheep, Published on 08/08/2017

» Saha Lawson Co, the local operator of Lawson 108 convenience stores, has awarded franchise rights for oil retailer Susco Plc to open Lawson stores at its new petrol stations this year.

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BUSINESS

Thai Union's Q2 earnings hit by rising tuna prices

Business, Post Reporters, Published on 08/08/2017

» SET-listed Thai Union Group Plc (TU), the world's biggest maker of canned tuna products, reported a net profit decline of 7.6% year-on-year in the second quarter on higher tuna prices and a significant rise in financial costs.

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BUSINESS

Non-EEC investors crying foul

Business, Lamonphet Apisitniran, Published on 08/08/2017

» Strong government support for investment in the Eastern Economic Corridor is adversely impacting other industrial zones outside the EEC, investors say.