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BUSINESS

400 Thais left stranded as take-off for plane refused

News, Boonsong Kositchotethana, Published on 18/10/2012

» About 400 Thais were left stranded at South Korea's main airport yesterday after their aircraft was refused the right to take off for Bangkok.

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BUSINESS

MPC cuts policy rate to 2.75%

Business, Published on 18/10/2012

» The Monetary Policy Committee caught markets by surprise yesterday when it cut the policy interest rate by a quarter-percentage point, citing effects from the global economic downturn.

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BUSINESS

Asco says provinces will drive growth

Business, Darana Chudasri, Published on 18/10/2012

» Even though the Thai business sector has great potential as the provincial economy is healthier, it needs a strategy for coping with an influx of Asean rivals, says the Association of Thai Securities Companies (Asco).

BUSINESS

It's official: Thais love Johnnie Walker

Business, Pitsinee Jitpleecheep, Published on 18/10/2012

» Thailand is ranked third among 180 markets for Johnnie Walker whisky sales for the third consecutive year thanks to growing numbers of middle-class customers and rising economic prosperity.

BUSINESS

BBL shakes up retail banking

Business, Somruedi Banchongduang, Published on 18/10/2012

» Bangkok Bank (BBL), the country's largest lender by assets, has set an aggressive plan to recoup its market share of retail banking business next year after losing customers in recent years.

BUSINESS

Japan keen to invest in Thailand

Business, Nanchanok Wongsamuth, Published on 18/10/2012

» Japan will increase its foreign direct investment in Asia, particularly in Myanmar, Thailand and Vietnam, says Japan's vice-minister of finance.

BUSINESS

Sub sri thai continues to grow, From warehouse to table

Business, Sorayuth Vathanavisuth, Published on 18/10/2012

» 'In the storage business, it's typical to have 10% annual organic growth since our business model is based on long-term relationships. Some of our customers have been with us right from the beginning," says Sumrit Tantidilokkul, managing director of Sub Sri Thai Plc (SST).

BUSINESS

Call for SRT to accelerate upgrades

Business, Chatrudee Theparat, Published on 18/10/2012

» The State Railway of Thailand (SRT) is being urged to speed up a huge rail upgrade in a move to cut the country's logistics costs.

BUSINESS

South Korean carriers get licences

Business, Boonsong Kositchotethana, Published on 18/10/2012

» The Department of Civil Aviation (DCA) has renewed the licences of two South Korean no-frills carriers that earlier faced suspension over an air traffic dispute between Thailand and South Korea.

BUSINESS

PTTEP cuts sales forecast

Business, Published on 18/10/2012

» The SET-listed PTT Exploration and Production Plc (PTTEP), Thailand's sole upstream petroleum company, has lowered its sales volume growth projection for this year to 4% as the startup of its Montara field in Australia has been postponed to early next year.