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BUSINESS

SET down 5.87 to 1,498.65 points

Online Reporters, Published on 02/11/2016

» The Stock Exchange of Thailand's main index was down by 5.87 points or 0.39% Wednesday afternoon. Total trading value was 49.33 billion baht with 8.78 billion shares changing hands.

BUSINESS

German unemployment low, economy picks up

AFP, Published on 02/11/2016

» BERLIN - Unemployment in Germany sank in October to a new low since unification in 1990, official data showed Wednesday, as Europe's top economy surprised analysts with a robust outlook.

BUSINESS

German new car sales stumble in October

AFP, Published on 02/11/2016

» FRANKFURT - German new car sales saw a sharp dip in October after two months of strong growth, official data showed on Wednesday.

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BUSINESS

Opportunities for senior housing

Published on 02/11/2016

» Thailand's population is ageing and social patterns are changing, creating a need and opportunity for specialised residential property catering for the elderly market.

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BUSINESS

Makro seals B3bn deal

Business, Post Reporters, Published on 02/11/2016

» SET-listed Siam Makro Plc, the operator of the Makro cash-and-carry store chain, has clinched a 3-billion-baht deal to acquire four food companies to strengthen its retail network.

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BUSINESS

Export surge spurs outlook optimism

Business, Published on 02/11/2016

» Boosted by rising exports for a second straight month in September, the Thai National Shippers' Council (TNSC) has raised its forecast to between zero growth and a 0.8% contraction this year from its earlier-projected 2% contraction.

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BUSINESS

Corporate loan demand grows

Business, Pawee Sirimai, Published on 02/11/2016

» Business loan demand increased in the third quarter, particularly for small and medium-sized enterprises (SMEs), but demand for consumer loans fell as consumer confidence remained weak, reported a Bank of Thailand survey.

BUSINESS

KTB lending growth down 6%

Business, Somruedi Banchongduang, Published on 02/11/2016

» Krungthai Bank (KTB) expects its lending growth to fall this year after an almost 6% contraction in its loans outstanding for the first nine months, largely because of a sharp decline in its loans to the government and tepid private investment.

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BUSINESS

Alibaba keen for more Ascend Money

Business, Komsan Tortermvasana, Published on 02/11/2016

» A financial affiliate of Alibaba Group Holding Ltd seeks to acquire an additional 10% stake in Thailand's Ascend Money by 2018 after buying a 20% stake in August.

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BUSINESS

Cosmetics producers baulk at import tax waiver plan

Business, Pitsinee Jitpleecheep, Published on 02/11/2016

» The Thai Cosmetics Manufacturers Association (TCMA) has urged the Finance Ministry to revise its plan to temporarily waive import tax on make-up items early next year, saying it will hurt small local producers.