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BUSINESS

China talks over new rice deal

Business, Published on 31/07/2014

» Thailand is in talks with China to sell 1 million tonnes of rice through a government-to-government (G-to-G) deal and vows to secure more sales through similar contracts with buyers including Indonesia, the Philippines, Malaysia and countries in Africa and the Middle East.

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BUSINESS

PTT palm oil deal under agency's probe

Business, Post Reporters, Published on 31/07/2014

» The probe on PTT Plc's investment in a palm oil plantation in Indonesia remains under investigation by Thailand's National Anti-Corruption Commission (NACC) at the request of PTT. The company seeks to find out if the investment decision was made by executives for their personal benefit.

BUSINESS

FPO lowers forecast to 2% growth

Business, Wichit Chantanusornsiri, Published on 31/07/2014

» The Fiscal Policy Office (FPO) has lowered this year's economic growth forecast to 2% from 2.6% and is estimating a 0.3% year-on-year contraction in second quarter GDP.

BUSINESS

Officials take aim at fuzzy accounting

Business, Wichit Chantanusornsiri, Published on 31/07/2014

» The Revenue Department will give accounting firms a checklist for screening client tax filings to prevent understatement of profits and underpayment of corporate income tax.

BUSINESS

OIE cuts growth forecast after poor June

Business, Nop Tephaval, Published on 31/07/2014

» The manufacturing production index (MPI) is now projected to grow by less than 1% this year, but industrial production is set to improve in the second half thanks to the recovery of business sentiment, says the Office of Industrial Economics (OIE).

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BUSINESS

SCG lifts revenue projection for 2014

Business, Nareerat Wiriyapong, Published on 31/07/2014

» Siam Cement Group (SCG) has revised up its 2014 revenue forecast by 10 billion baht to 486 billion, but the baht's appreciation and rising raw material prices could hurt net profit.

BUSINESS

Brokerage headhunters on the warpath

Business, Darana Chudasri, Published on 31/07/2014

» The headhunting war within the securities brokerage industry intensified in the first half, with new houses aggressively recruiting staff.

BUSINESS

Bangkok Land IPO backed

Business, Post Reporters, Published on 31/07/2014

» The Securities and Exchange Commission (SEC) has approved an initial public offering of Bangkok Land Plc's real estate investment trust (REIT) worth up to 20 billion baht.

BUSINESS

KBank counts on students to help meet full-year goal

Business, Somruedi Banchongduang, Published on 31/07/2014

» Kasikornbank (KBank), the country's fourth-biggest bank by assets, says its target of 3.3 million new retail accounts this year is reachable because its strategy of capturing customers in groups, especially university students, is paying off.

TECH

Academics in support of 4G auction

Business, Komsan Tortermvasana, Published on 31/07/2014

» Academics and consumer protection foundations have thrown their full support behind the national telecoms regulator using auctions to licence fourth-generation (4G) spectrum, enabling the greatest consumer benefit and the highest possible revenue for the state.