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BUSINESS

Outcry over likely rise in deposit fees

Business, Post Reporters, Published on 20/01/2012

» Local banks say a move to shift the burden for paying down 1.14 trillion baht in debt carried over from the 1997 crisis is unfair and could jeopardise the country's long-term stability.

BUSINESS

Auto output better than expected despite calamities

Business, Santan Santivimolnat, Published on 20/01/2012

» Local automobile production in 2011 was not as bad as earlier feared despite natural disasters in Japan and Thailand that led to parts shortages.

BUSINESS

Thai Re agrees to sell 21% stake to Fairfax

Business, Post Reporters, Published on 20/01/2012

» The SET-listed Thai Reinsurance Plc (Thai Re) has agreed to sell a 21% stake to Fairfax Financial Holdings Ltd, a financial-services holding company based in Toronto.

BUSINESS

TAT pitches promotions for lucrative Indonesia trade

Business, Chadamas Chinmaneevong, Published on 20/01/2012

» The Indonesian tourism market has much room for growth, and arrivals in Thailand from that country are expected to rise by at least 15% this year, says the Tourism Authority of Thailand (TAT).

BUSINESS

New minister unsure about price plans

Business, Yuthana Praiwan, Published on 20/01/2012

» New Energy Minister Arak Chonlatanon is non-committal on energy price restructuring, a plan that is widely believed to have gotten his predecessor Pichai Naripthaphan into hot water amid the recent cabinet reshuffle.

BUSINESS

IFS looks to diversify beyond factoring

Business, ShareInvestor, Published on 20/01/2012

» IFS Capital (Thailand) Plc was incorporated on March 21, 1991 as Ayudhya International Factors Co Ltd (AIF) with initial paid-up capital of 50 million baht. It was a joint venture between Bank of Ayudhya Plc (BAY) and IFS Capital Ltd. BAY sold its shares in AIF to the IFS Group in January 2007, and in April that year the renamed IFS Capital (Thailand) became a public limited company. IFS, which listed on the Stock Exchange of Thailand on Aug 10, 2010, currently has paid-up capital of 470 million baht. Chief executive Tan Ley Yen discusses the company's strategy and outlook.

TECH

AIS doubles 3G capacity to 2m users

Business, Srisamorn Phoosuphanusorn, Published on 20/01/2012

» In an effort to alleviate mobile data traffic congestion, Advanced Info Service (AIS) is allocating more money this year to double its 3G network capacity to accommodate up to 2 million users.

TECH

RIM lays out new BlackBerry strategy to grab market share

Business, Suchit Leesa-nguansuk, Published on 20/01/2012

» Research In Motion (RIM), the maker of BlackBerry smartphones, is moving into touchscreen territory in a bid to tap young buyers and regain market share lost to Android and Apple's iPhone.

TECH

DTAC observes mass exodus because of network failure

Business, Published on 20/01/2012

» Second-ranked mobile operator Total Access Communication (DTAC) saw negative growth in subscriptions for the first time last month in the wake of its network failure as 5,000 customers changed networks.

BUSINESS

Farm sector seen thriving after storms

Business, Walailak Keeratipipatpong, Published on 20/01/2012

» Thailand's agricultural economy looks set to expand by 5.5% this year if there is no repeat of last year's heavy flooding.