Business

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Chana’s step down reflects rift at top AOT management

By admin ⋅ July 4, 2008 ⋅ Post a comment

The rift in top Airport of Thailand (AOT) management disclosed after its board approved a resignation of Chairman Gen. Chana Yoosathaporn, who just returned to work from 30-days sick leave.
Transportation Minister Santi Prompat said that the resignation will take effect at the beginning of August.
He declined to disclose details of Gen. Chana’s successor.

Influencers voice concern over inflation

By admin ⋅ July 3, 2008 ⋅ Post a comment

Thai leading business moguls are beginning to voice their concerns over the current rate of inflation that was predicted to reach the double-digit level.
According to former deputy Prime Minister Virabongsa Ramangkura, with the oil price stays at $150 a barrel level, rising of inflation has crushed all the industries’ revenues and depletion in supply is [...]

Confidence index continues to decline in May

By admin ⋅ June 13, 2008 ⋅ Post a comment

The consumer confidence index continued to decline in all categories for the consecutive two months in May, hurt by economic slowdown, surging oil prices, and continual political chaos, according to the University of Thai Chamber of Commerce (UTCC) research.
“The index, which dropped to 59.3 from 73 in April, demonstrates that consumers’ concerns over lower earning [...]

Toyota, to build diesel, hybrid engine plant in Thailand

By admin ⋅ June 11, 2008 ⋅ Post a comment

Toyota Motor Corp said on Tuesday it would build a new diesel engine factory in Thailand for 17.3 billion yen ($162 million) with capacity of 150,000 units per annum.
The new plant, to be built on its existing factory 70 km southeast of Bangkok, will add Toyota’s annual capacity of diesel engine to 350,000 units and [...]

Singha eyes export market

By admin ⋅ May 28, 2008 ⋅ Post a comment

Singha plans to invest four billion baht in a brewery on a piece of 150 rai land in Nakhon Pathom province.
CEO Sant Bhilrombhakdi said the new plant with capacity of 400 million liters of beer per annum is part of an attempt to tap increasing domestic and export markets demands.
Construction of the new brewery is [...]

CP plans property project in Vietnam

By admin ⋅ May 27, 2008 ⋅ Post a comment

Charoen Pokphand Group (CP) is planning to invest $1 billion in a 50 hectare (124 acre) property development project in Vietnam’s Ho Chi Minh City, citing Dhanin Chearavanont, the group’s chairman, the Saigon Times reported.
Mr. Dhanin said he has been asked by Vietnam’s biggest city government to invest in the Thu Thiem new urban area.
Charoen [...]

Q1 VEHICLES, PARTS EXPORT JUMPS 34%

By admin ⋅ April 29, 2008 ⋅ Post a comment

Thailand has earned about Bt139.5 billion (US$4.3988535 billion) from the export of fully assembled cars, motorcycles and parts during the first quarter of 2008, an official said Monday.
Surapong Paisitpatnapong, spokesman of the Federation of Thai Industries (FTI) Automotive Industry Club, said that the value of exports jumped 33.66 per cent from the comparable period of [...]