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BUSINESS

Third phase of Laem Chabang uncertain

Business, Yuthana Praiwan, Published on 17/08/2019

» National oil and gas firm PTT plans to sign an agreement with the government to develop two seaports by December, but another project -- the third-phase expansion of Laem Chabang port -- has yet to be concluded on the state's end.

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BUSINESS

InTouch calls Temasek sale a normal adjustment

Business, Komsan Tortermvasana, Published on 17/08/2019

» Telecom investment group InTouch Holdings Plc says the sale of an 8% stake in its shares by two subsidiaries of Singaporean giant Temasek Holdings on Thursday will have no bearing on the operation and management of the company.

BUSINESS

Economic directives get the nod

Business, Chatrudee Theparat, Published on 17/08/2019

» The government on Friday approved seven economic management directives for 2019 and 2020 as it aims for economic growth of at least 3% this year and 3.5% next year.

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BUSINESS

Cash splurge to boost economy

News, Post Reporters, Published on 17/08/2019

» The economic cabinet has decided to inject another 316 billion baht into the economy through a new stimulus package and remains optimistic that economic growth will be more than 3% this year despite the sluggish global outlook.

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BUSINESS

Rice prices likely be set at B10,000 to B14,000

Online Reporters, Published on 17/08/2019

» Paddy prices may be guaranteed at 10,000 to 14,000 baht a tonne for rice farmers initially, according to the commerce minister.

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BUSINESS

BAM gears up for major IPO

Published on 17/08/2019

» The Bank of Thailand will own less than half of Bangkok Commercial Asset Management (BAM) if the country’s biggest distressed asset manager sells all 1.77 billion shares in its long-anticipated initial public offering.

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BUSINESS

Hat Yai seeks shot in medical tourism arm

News, Assawin Pakkawan, Published on 17/08/2019

» If you mention medical tourism in Thailand, attention immediately shifts to Bangkok. However, calls are being echoed for the development of a medical tourism hub to be based in the commercial district of Hat Yai in Songkhla province in order to tap into the growing demand for services.

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BUSINESS

A different kind of 'finance guy' puts his spin on KTBST

Business, William Hicks, Published on 17/08/2019

» Win Udomrachtavanich grew up having a negative perspective of "finance guys" and the cruelties of modern economics, yet remarkably he found himself running one of Thailand's youngest brokerage firms with ambitions of becoming a listed powerhouse.

BUSINESS

BAAC looks to convert gamblers into savers

Business, Wichit Chantanusornsiri, Published on 17/08/2019

» The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to use its new savings certificate, which features a no-lose lottery, to encourage 3 million holders of state welfare smartcards to turn their gambling into savings.

BUSINESS

Thai Life makes Myanmar play to gain an edge

Business, Wichit Chantanusornsiri, Published on 17/08/2019

» Thai Life Insurance has struck a deal to take a 35% stake in Citizen Business (CB) Insurance, becoming the first Asean outsider to enter Myanmar's insurance field.