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BUSINESS

Centel's revenue rises 3%

Business, Published on 16/05/2016

» Central Plaza Hotel Plc (CENTEL) reported a rise of 3.1% to 5.3 billion baht in its first-quarter revenue from a year ago in line with a 15% increase in international tourist arrivals in the quarter.

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BUSINESS

Banks see cheques fall

Business, Pathom Sangwongwanich, Published on 16/05/2016

» Interbank cheque clearing continued to decline in April from the previous month amid Thailand's stuttering economic recovery, the Bank of Thailand reports.

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BUSINESS

Thai Lion to open B400m training centre

Business, Boonsong Kositchotethana, Published on 16/05/2016

» Fledgling no-frills Thai Lion Air (TLA) is investing more than 400 million baht to set up an integrated training facility to underscore its long-term engagement in Thailand's aviation business.

BUSINESS

State's help plan for farmers' B3bn debt

Business, Chatrudee Theparat, Published on 16/05/2016

» The Agriculture and Cooperatives Ministry's proposal to use 3 billion baht from the central budget to repay farmers's debts is due to go before the cabinet for approval.

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BUSINESS

No 900MHz deal for AIS, True Move

Business, Komsan Tortermvasana, Published on 16/05/2016

» A mobile network rental agreement between Advanced Info Service (AIS) and True Move has finally been scrapped as neither company could agree on a compromise.

BUSINESS

RS aims to boost TV content

Business, Nanat Suchiva, Published on 16/05/2016

» SET-listed RS Plc will produce more content focusing on TV dramas and entertainment to be aired seven days a week as well as improve its current programmes in a bid to draw more advertisers.

BUSINESS

Global Financial System's Defences Have Been Weakened

Business, Published on 16/05/2016

» Eighty-five years ago this month, Credit-Anstalt, the largest bank in Austria, collapsed. By that July, banks in Egypt, Germany, Hungary, Latvia, Poland, Romania and Turkey had experienced runs. A banking panic hit the US in August, though the sources of that panic could have been domestic. In September, banks in Britain experienced large withdrawals. The parallels to the 2008 collapse of the US investment bank Lehman Brothers were strong -- and crucial for understanding today's financial risks.

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BUSINESS

Apisak sees at least 3% growth this year

Business, Published on 16/05/2016

» Finance Minister Apisak Tantivorawong believes the economy will expand at least 3% this year, though the Bank of Thailand was recently alarmed over rising downside risks to growth.

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THAILAND

E-payment scheme nears

Business, Wichit Chantanusornsiri, Published on 16/05/2016

» Registration for the national e-payment scheme will be open from July 15, while electronic payments will be rolled out from January next year.

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BUSINESS

Sukosol Hotels keen on Phloenchit mixed-use plan

Business, Chadamas Chinmaneevong, Published on 16/05/2016

» Sukosol Group, the operator of Sukosol Hotels, plans to build a luxury mixed-use development project in Bangkok's Phloenchit area in the next five years.