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BUSINESS

PDMO sees lower bond issuance costs

Business, Wichit Chantanusornsiri, Published on 25/03/2014

» The Finance Ministry's Public Debt Management Office (PDMO) expects its financial costs for issuing bonds will decline following the recent policy rate cut by the Bank of Thailand's Monetary Policy Committee.

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BUSINESS

Industry Ministry gets tough with waste plants

Business, Nanchanok Wongsamuth, Published on 25/03/2014

» The Industry Ministry will inspect 1,700 waste sorting and recycling plants nationwide following claims that some are operating illegally.

THAILAND

Ruling increases downside risks

Business, Post Reporters, Published on 25/03/2014

» Moody’s Investors Service has warned the ruling by the Constitution Court nullifying the Feb 2 general election and its call for a new poll is credit-negative for Thailand, as political turbulence could spill over into the second half and increase downside risks to growth.

THAILAND

Confidence, car sales dip amid unrest

Business, Published on 25/03/2014

» Industrial confidence hit a 56-month low in February, and domestic car sales and production also fell as the protracted political turmoil hurt domestic consumption.

BUSINESS

KTB jumps on CLMV bandwagon

Business, Somruedi Banchongduang, Published on 25/03/2014

» Krungthai Bank (KTB) has jumped on the lending bandwagon to outbound investments in Cambodia, Laos, Myanmar and Vietnam (CLMV) amid decelerating domestic loan extensions triggered by the protracted political uncertainty, the faltering economy and delays in the government’s 2-trillion-baht infrastructure megaprojects.

BUSINESS

Taxing Group Term Life Policies

Business, Lawalliance Limited Company, Published on 25/03/2014

» If you plan to buy a life insurance policy on your own, it’s not much of a problem from the tax aspect. Of course, you need to think a bit if the premium you are paying actually qualifies for the tax deduction up to 100,000 baht per year. The real concern in this case is that you are using your after-tax money to buy it, which is not very effective tax planning.

BUSINESS

TQM plans strategy switch for more face-to-face sales

Business, Published on 25/03/2014

» TQM Insurance Broker Co, a telesales-focused insurance broker, expanded its footprint in the face-to-face sales channel in a bid to raise the premium portion of its life insurance and boost overall premium growth by 28% to 10 billion baht this year.

BUSINESS

Centel cruises islands for new acquisitions

Business, Darana Chudasri, Published on 25/03/2014

» Central Plaza Hotel Plc (CENTEL), Thailand's leading hotel and restaurant operator, plans to acquire more hotels as a key strategy to diversify its revenue sources, says a key executive.

TECH

AIS questions value of 4G deal with TOT

Business, Komsan Tortermvasana, Published on 25/03/2014

» Advanced Info Service (AIS) is considering ending negotiations on a possible alliance with its concession owner TOT Plc for fourth-generation (4G) mobile service, saying it may not worth the investment.

BUSINESS

Online video gains bigger market slice

Business, Saengwit Kewaleewongsatorn, Published on 25/03/2014

» Online video is gaining a bigger share of media spending, which is shifting from TV due to the proliferation of budget smartphones here, says mInteraction, the digital division of GroupM Thailand.