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BUSINESS

Buyback boosts Banpu share price

Business, Nareerat Wiriyapong, Published on 22/02/2013

» The SET-listed Banpu Plc, Asean's leading coal miner, announced a 6.15-billion-baht share buyback plan yesterday, a move that rallied its share price after its net profit dropped last year on weakening coal prices.

BUSINESS

SCG eager for one more merger

Business, Nareerat Wiriyapong, Published on 31/08/2012

» Thailand's top industrial conglomerate, Siam Cement Group (SCG), aims to conclude at least one more merger and acquisition deal in Southeast Asia this year after its board approved a five-year capital expenditure of up to 200 billion baht.

BUSINESS

Soft coal prices create excess supply

Business, Nareerat Wiriyapong, Published on 25/07/2012

» Thailand's top coal miner Banpu has suspended up to US$600 million of its four-year investment plan and lowered its production target by 10% due to softening coal prices.

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BUSINESS

Thailand faces electronic exodus

Business, Nareerat Wiriyapong, Published on 12/06/2012

» Thailand risks losing its status as electrical and electronics manufacturing hub in Asean and losing half the sector's employment, some 100,000 jobs over the next three years, if it doesn't improve its skilled labour.

BUSINESS

German chamber calls for better skills training

Business, Nareerat Wiriyapong, Published on 24/04/2012

» German investors are keen to see the Thai government quickly address the issues of insufficient skilled engineers and rising costs for businesses following the increase in minimum wages, saying such measures are critical for Thailand to stay competitive with its Southeast Asian neighbours.

BUSINESS

TPC expands its plastics reach in Vietnam

Business, Nareerat Wiriyapong, Published on 24/03/2012

» Thai Plastic and Chemicals Plc (TPC), the SET-listed poly vinyl chloride (PVC) maker, has agreed to buy 22.67% of Vietnam's Tien Phong Plastics Joint Stock Co (NTP) in a move to become a leading player in the neighbouring country.

BUSINESS

Saha Rattana races against clock for dyke, debt rejig

Business, Nareerat Wiriyapong, Published on 15/03/2012

» Time is running out for Saha Rattana Nakorn Industrial Estate to get a fresh loan to build a flood-prevention dyke as it plans to seek a green light from creditors on March 23 to restructure its 6-billion-baht debt.

BUSINESS

Thai Summit capacity gets B9bn turbo boost

Business, Nareerat Wiriyapong, Published on 13/03/2012

» Thai Summit Group, one of the country's largest auto parts makers, will spend 9 billion baht to expand capacity at home and abroad this year in a bid to cash in on steady growth in vehicle production in Southeast Asia and China.

BUSINESS

TTA posts loss, still hopeful

Business, Nareerat Wiriyapong, Published on 16/02/2012

» Thoresen Thai Agencies (TTA) yesterday posted a net loss of 560 million baht in the last three months of 2011 _ the company's fiscal 2012 first quarter _ a huge decline both year-on-year and quarter-on-quarter.

BUSINESS

IVL in landmark chemical buy

Business, Nareerat Wiriyapong, Published on 08/02/2012

» The SET-listed Indorama Ventures (IVL) is practising backward integration by acquiring two ethylene makers for US$795 million, a move that should boost its bottom line by 25% this year.