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BUSINESS

PTTEP far from finished in Africa

Business, Published on 25/07/2012

» PTT Exploration and Production Plc (PTTEP) expects to buy stakes in more petroleum fields in Mozambique and Kenya after finishing its purchase of Cove Energy Plc, says Asdakorn Limpiti, the executive vice-president for strategy and business development.

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

Economists slam government policies

Business, Parista Yuthamanop, Published on 25/07/2012

» Leading economists expressed concern the government's paddy mortgage project is ineffective in addressing the wealth gap and is leading to significant losses of fiscal resources.

BUSINESS

Rice mortgage fully funded, ministry says

Business, Wichit Chantanusornsiri, Published on 25/07/2012

» The Finance Ministry has sufficient funds to finance the rice pledging scheme in the current budget year, officials say.

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BUSINESS

Financial chernobyl in euro zone will hit asia

Business, Paul Gambles, Published on 25/07/2012

» Defying expectations, Euro Disney recently celebrated its 20th birthday. Conceived during a boom, the ill-fated park was launched amid a global downturn. Protesters waved "Mickey Go Home!" placards, and Michael Eisner, Disney's chief executive, was pelted with eggs when the company made its debut on the Paris Bourse.

BUSINESS

SME exporters petition SCB for help

Business, Somruedi Banchongduang, Published on 25/07/2012

» Small and medium-sized enterprises (SMEs) that export to Europe have asked for loan extensions for a month due to their tighter cash flow, says Sirichai Sombutsiri, a senior executive vice-president at Siam Commercial Bank (SCB).

BUSINESS

New excise tax rate mulled

Business, Wichit Chantanusornsiri, Published on 25/07/2012

» The Finance Ministry will propose a new formula to calculate excise tax to prevent a fall in revenue after the economic integration of Asean in 2015.

BUSINESS

Reed Tradex eyes Asean expansion

Business, Chadamas Chinmaneevong, Published on 25/07/2012

» Reed Tradex, the exhibition organiser, will shift its focus to the Asean market by upgrading some fairs to the regional level next year as the firm seeks to adapt to the formation of the Asean Economic Community (AEC) in 2015.

BUSINESS

Concentrate on synergy to advance in AEC _ CIMB

Business, Somruedi Banchongduang, Published on 25/07/2012

» Southeast Asian nations should emphasise integration over competition in order to strengthen regional synergy ahead of the Asean Economic Community in 2015, say economists with the CIMB Group.

BUSINESS

Retailers tout rosy 12% growth forecast

Business, Pitsinee Jitpleecheep, Published on 25/07/2012

» The Thai Retailers Association (TRA) expects the industry will grow by 12% this year, the highest in three years and exceeding its earlier projection of 8%.