• BUSINESS

  PTTEP poised to win bid

  Business, Published on 18/07/2012

  » PTT Exploration and Production (PTTEP), a subsidiary of the national oil conglomerate PTT Plc, is set to win the planned acquisition of Cove Energy after Royal Dutch Shell bowed out of a five-month bidding war, leaving the Thai firm the sole bidder for a $1.9-billion takeover deal for the East Africa-focused explorer.

• BUSINESS

  PTT to establish Myanmar subsidiary

  Business, Post Reporters, Published on 18/07/2012

  » PTT Plc, Thailand's biggest oil and gas conglomerate, is about to set up PTT Myanmar, a new subsidiary to oversee investment in the neighbouring country as part of its US$2-3 billion investment plan there until 2016.

• BUSINESS

  CK shrugs off dam report

  Business, Nareerat Wiriyapong, Published on 18/07/2012

  » Ch. Karnchang Plc (CK), Thailand's third-largest contractor by market capitalisation, remains optimistic the Xayaburi hydroelectric dam will be completed on schedule despite last week's announcement by the Lao government postponing the project.

• BUSINESS

  TCC to buy stakes in F&N, Tiger

  Business, Published on 18/07/2012

  » TCC Group, the owner of Thailand's biggest beer brewer, has offered to buy Oversea-Chinese Banking Corporation's S$2.7-billion (67.6 billion baht) stakes in the Fraser & Neave Ltd (F&N) and Asia Pacific Breweries (APB), say two people with knowledge of the matter.

• BUSINESS

  Managing talent in the supply chain

  Business, Chris Catto-Smith, Published on 18/07/2012

  » In a business world of increasing complexity, globalisation, fluctuating economic conditions and rapidly expanding new markets, supply chain management has become a critical component to achieve success or even just ensure corporate survival. However, Southeast Asia faces an even greater challenge to match new investments in national infrastructure with effective supply chain and logistic capabilities to ensure competitiveness and sustainable growth. Ironically, some previously restricted markets (most recently being opened for development and enjoying an influx of financial investment to develop their economies) are facing a huge gap in supply chain and logistics talent to make it all happen.

• BUSINESS

  Up to 35% of project cash gets creamed off

  Business, Phusadee Arunmas, Published on 18/07/2012

  » Tea money accounts for 30-35% of government land, building and equipment costs and investment budgets of state enterprises, a potential leakage of almost 330 billion baht, says a new study by the University of the Thai Chamber of Commerce (UTCC).

• BUSINESS

  Tax incentives needed for REITs

  Business, Nalin Viboonchart, Published on 18/07/2012

  » The key factor in making real estate investment trusts (REITs) a new safe haven for investors will depend on setting tax incentives and revising the land lease period to more than the present 30 years, says Sorachon Boonsong, a partner at Baker & McKenzie.

• BUSINESS

  Mortgages set to grow 5%

  Business, Darana Chudasri, Published on 18/07/2012

  » New mortgages this year will continue to grow by 5-6% or 300 billion baht due to rising home prices speeding up homebuyers' decisions.

• BUSINESS

  Confidence registers marked Q2 improvement

  Business, Published on 18/07/2012

  » Despite cautious consumer confidence, sentiment in the retail property market continue to improve, with announcements of more new developments, says the consulting firm DTZ Research.

• BUSINESS

  Twelve products continue to enjoy GSP

  Business, Published on 18/07/2012

  » The US has maintained tariff privileges under the generalised system of preference (GSP) for 12 products.

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