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	<title>Thailand Finance Business News and Lifestyle &#124; SilomJournal.Com</title>
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	<description>Thailand Finance Business News and Lifestyle</description>
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		<title>ICT submits Hutch buyout plan for cabinet approval</title>
		<link>http://silomjournal.com/finance/ict-submits-hutch-buyout-plan-for-cabinet-approval/</link>
		<comments>http://silomjournal.com/finance/ict-submits-hutch-buyout-plan-for-cabinet-approval/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 19:04:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1626</guid>
		<description><![CDATA[The Ministry of Information and Telecommunication Technology (ICT) said Tuesday its plan to acquire a major stake in Hutchison CAT Wireless Multimedia Co., Ltd. or Hutch is in the process of submitting for the cabinet approval.
ICT Minister Ranongruk Suwanchawee said the ministry plans to buy the wireless company for 7.0 billion baht through the state-run [...]]]></description>
			<content:encoded><![CDATA[<p>The Ministry of Information and Telecommunication Technology (ICT) said Tuesday its plan to acquire a major stake in Hutchison CAT Wireless Multimedia Co., Ltd. or Hutch is in the process of submitting for the cabinet approval.</p>
<p>ICT Minister Ranongruk Suwanchawee said the ministry plans to buy the wireless company for 7.0 billion baht through the state-run operator CAT Telecom.</p>
<p>She said CAT will be benefitted from acquiring the additional 3G technology CDMA, which currently operates by Hutch.</p>
<p>Both the technologies are recognized as global standard for 3G broadband technology and are being used in several countries.</p>
<p>The buyout is part of ICT plan to expand its wireless availability throughout the country.</p>
<p>The minister said the CDMA technology should be good alternative in expanding its 3G wireless reach into Thailand&#8217;s rural.</p>
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		<title>SET reports 42% increase in listed companies’ profit</title>
		<link>http://silomjournal.com/finance/set-reports-42-increase-in-listed-companies%e2%80%99-profit/</link>
		<comments>http://silomjournal.com/finance/set-reports-42-increase-in-listed-companies%e2%80%99-profit/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 17:53:19 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1624</guid>
		<description><![CDATA[Profits at listed companies on the Stock Exchange of Thailand grow at 42 percent to 446.5 billion baht from a year ago at 313.7 billion baht, according to data released by President Patriya Benchapolchai.
However, total sale for all the listed 501 companies decreased by 14 percent from 2009 to 6.3 trillion baht.
Among them, 291 companies [...]]]></description>
			<content:encoded><![CDATA[<p>Profits at listed companies on the Stock Exchange of Thailand grow at 42 percent to 446.5 billion baht from a year ago at 313.7 billion baht, according to data released by President Patriya Benchapolchai.</p>
<p>However, total sale for all the listed 501 companies decreased by 14 percent from 2009 to 6.3 trillion baht.</p>
<p>Among them, 291 companies have announced dividends for 2009 at an average 4.0 percent from net profit.</p>
<p>&#8220;2009 was the rough year. The ability to squeeze profit amid market crash of entrepreneurs is a clear message of their effective management,&#8221; she said.</p>
<p>The market&#8217;s most noticeable stocks for 2009 involved PTT Plc (PTT), Siam Cement Group (SCC), PTT Exploration and Production Plc (PTTEP), Bangkok Bank Plc (BBL), and Siam Commercial Bank Plc (SCB).</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
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		<title>BMW launches 3 new flex-fuel models in response to Japanese aggressive</title>
		<link>http://silomjournal.com/auto/bmw-launches-3-new-flex-fuel-models-in-response-to-japanese-aggressive/</link>
		<comments>http://silomjournal.com/auto/bmw-launches-3-new-flex-fuel-models-in-response-to-japanese-aggressive/#comments</comments>
		<pubDate>Thu, 04 Mar 2010 17:20:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Auto]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1622</guid>
		<description><![CDATA[BMW Group Thailand introduces the latest three models of its flex-fuel car: the 318i, and the 325i Sport, and the 730Li, at the undercut prices of at least 100,000 baht from its diesel counterparts.
The campaign launches in response to Japanese aggressive invasion into the luxury car market territory.
BMW said prices cut comes from the excise [...]]]></description>
			<content:encoded><![CDATA[<p>BMW Group Thailand introduces the latest three models of its flex-fuel car: the 318i, and the 325i Sport, and the 730Li, at the undercut prices of at least 100,000 baht from its diesel counterparts.</p>
<p>The campaign launches in response to Japanese aggressive invasion into the luxury car market territory.</p>
<p>BMW said prices cut comes from the excise tax privilege package which down to 25 percent from currently 30 percent for flex-fuel vehicle that run on the E80 and E85 ethanol.</p>
<p>BMW Thailand&#8217;s president Karl Rudiger said receiving the new tax privilege has enabled the carmaker to prices it 318i model as low as 2.229 million baht, while the 730Li was 500,000 baht cheaper than its competitors at 7.299 million baht.</p>
<p>&#8220;Flex-fuel vehicles allow us to expand market reach into our competitors&#8217; niches,&#8221; Mr. Rudiger said—referring to Toyota Camry, Honda Accord, and Nissan Teana.</p>
<p>Around 60 percent of BMW vehicle fleet marketing in the kingdom annually is the diesel engine version. The automaker expects to shift a portion more to the gas engine version in the future.</p>
<p>BMW reported it sold 400 vehicles during the first two months of the year, or up more than double from the same period a year ago.</p>
<p>Mr. Rudiger predicts that the company&#8217;s annual sale would increase in double digit for 2010.</p>
<p>For the motor show exhibition in Bangna, BMW plans to launch a trade-in package that would offer its customer as much as 350 thousand baht for vehicle with market value of at least 400 thousand baht.</p>
<p>More attractive package would be interest-free campaign for 60 months installment payment period.</p>
]]></content:encoded>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Free document management system software</title>
		<link>http://silomjournal.com/featured/free-document-management-system-software/</link>
		<comments>http://silomjournal.com/featured/free-document-management-system-software/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 16:58:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Featured]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1619</guid>
		<description><![CDATA[Being a startup entrepreneur who builds a business from scratch, it is unavoidable that you have to perform multiple tasks and roles from a president of the company to a janitor.
Since nobody is good at multitasker, especially in the IT area. It is quite headache to set up a program to perform multitask, says arranging [...]]]></description>
			<content:encoded><![CDATA[<p>Being a startup entrepreneur who builds a business from scratch, it is unavoidable that you have to perform multiple tasks and roles from a president of the company to a janitor.</p>
<p>Since nobody is good at multitasker, especially in the IT area. It is quite headache to set up a program to perform multitask, says arranging necessary documents for the government agency&#8217;s inspection and tax purposes.</p>
<p>To look for such solution, you can now download a software designed for <a href="http://document-workflow-management.com">document management system</a> free. It&#8217;s a web-base document workflow management system tailored to help save tons of paper and times in document processing for employees.</p>
<p>The software comes integrated with search feature that help you find the document you need in just seconds.</p>
<p>Dubbed as DocumentLite, it is base on PHP and MySQL, which require a web browser to access and they are both released in freeware platform that means you can save a wallet-full of money for database tools.</p>
]]></content:encoded>
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		<title>Thai-Bev places bid for French spirit company Marie Brizard</title>
		<link>http://silomjournal.com/finance/thai-bev-places-bid-for-french-spirit-company-marie-brizard/</link>
		<comments>http://silomjournal.com/finance/thai-bev-places-bid-for-french-spirit-company-marie-brizard/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 15:14:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1617</guid>
		<description><![CDATA[Thailand’s largest brewery company Thai Beverage Plc has placed a bidding to acquire a major stake in Marie Brizard, a subsidiary of French world-class alcoholic beverage company Belvedere, in an attempt to upgrade itself as an international brand.
The company is reported to face fierce competition from European and Israeli rivals.
Thai-Bev currently captures 74% market share [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand’s largest brewery company Thai Beverage Plc has placed a bidding to acquire a major stake in Marie Brizard, a subsidiary of French world-class alcoholic beverage company Belvedere, in an attempt to upgrade itself as an international brand.</p>
<p>The company is reported to face fierce competition from European and Israeli rivals.</p>
<p>Thai-Bev currently captures 74% market share in Thailand’s liquor market and 40% in the beer market.</p>
<p>Belverdere has filed for a bankruptcy program to the French govern in 2008, after it fail to repay its due debts for the period.</p>
<p>Thai-Bev cannot be reached for immediately comment on the matter.</p>
]]></content:encoded>
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		<item>
		<title>Unemployment dropped to 1% in fourth quarter 2009, says NESDB</title>
		<link>http://silomjournal.com/finance/unemployment-dropped-to-1-in-fourth-quarter-2009-says-nesdb/</link>
		<comments>http://silomjournal.com/finance/unemployment-dropped-to-1-in-fourth-quarter-2009-says-nesdb/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 15:11:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1615</guid>
		<description><![CDATA[Thailand’s unemployment rate dropped to 1.0% in the fourth quarter of 2009, helped by the economic recovery and the expansion in the export sector, according to data released by the Economic and Social Development Board’s deputy secretary Suwannee Khamman.
She said there were 37.7 people in the job market for the year, up 1.8% from a [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand’s unemployment rate dropped to 1.0% in the fourth quarter of 2009, helped by the economic recovery and the expansion in the export sector, according to data released by the Economic and Social Development Board’s deputy secretary Suwannee Khamman.</p>
<p>She said there were 37.7 people in the job market for the year, up 1.8% from a year ago, and the year’s rate of unemployment was 1.5%.</p>
<p>Ms. Suwannee commented that people entering to the job market also received higher education, thanks to the government’s free education program. However, the market remains in need of skilled workers at particularly niches.</p>
]]></content:encoded>
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		<item>
		<title>TDRI suggests government to talk JTEPA</title>
		<link>http://silomjournal.com/finance/tdri-suggests-government-to-talk-jtepa/</link>
		<comments>http://silomjournal.com/finance/tdri-suggests-government-to-talk-jtepa/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 14:54:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://silomjournal.com/?p=1613</guid>
		<description><![CDATA[Thailand Development Research Institute’s vice president Somkiert Tangkijvanich urged the Thai government to establish an institution to follow up the impacts from the Japan-Thailand Economic Partnership Agreement (JTEA) as a study shows that the country has received benefits both directly and indirectly from the contract much larger than the disadvantages.
He said there are items classified [...]]]></description>
			<content:encoded><![CDATA[<p>Thailand Development Research Institute’s vice president Somkiert Tangkijvanich urged the Thai government to establish an institution to follow up the impacts from the Japan-Thailand Economic Partnership Agreement (JTEA) as a study shows that the country has received benefits both directly and indirectly from the contract much larger than the disadvantages.</p>
<p>He said there are items classified as disadvantage, but collectively the country is at an advantage position.</p>
<p>“The free trade agreement has created a lot of opportunities. What I regretted most is that too many exporters have passed on all those opportunities,” Mr. Somkiert commented.</p>
<p>“We have studied on the issue as well as collected information for quite a long time. I think the government should revise terms and conditions of the agreement, especially on excise tax and customs tax, which will be facilitating Thai exporters of agricultural products.”</p>
<p>For example, under the agreement, Thai exporters of pineapple have to ship the fruit weighted less than 900 gram each to Japan to receive the free trade privilege. Pineapple of the average weight is considered too small comparing to an average pineapple sold at home.</p>
]]></content:encoded>
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