Recently added articles from Bangkok Post (Bangkok, Thailand):

Indian firm's Thai plant will tap Afta benefits.

Oct 02, 2007 ... Byline: Santan Santivimolnat Oct. 2--The Indian auto parts maker Endurance Far East Ltd has entered Thailand in order to cash in on the country's burgeoning auto parts industry and the Asean Free Trade Area (Afta) pact. The company's plant at the Laem Chabang ...

New law to better protect guarantors.

Oct 02, 2007 ... Byline: Parista Yuthamanop Oct. 2--The new Financial Institutions Act enhances consumer rights protection by stipulating that loan contracts spell out the total obligation to be borne by a guarantor, according to the Bank of Thailand. In the absence of such a ...

Bangkok Post, Thailand, business briefs column.(Column)

Oct 02, 2007 ... Oct. 2--SET FINES TRINITY: The Stock Exchange of Thailand has fined Trinity Securities 230,000 baht for violating rules on compensation for marketing officers. Trinity was found to have paid three marketing officers credit for customers whose accounts they did not service. The ...

Brokers cool toward overseas expansion idea.

Oct 02, 2007 ... Byline: Nuntawun Polkuamdee Oct. 2--Local brokers have little interest in expanding overseas, given heavy start-up costs and a lack of experience and clients. The Securities and Exchange Commission recently announced that it would allow local brokers to open overseas ...

Bangkok Post, Thailand, company reports column.(Column)

Oct 02, 2007 ... Oct. 2--COMPANY REPORTS: CS LoxInfo said it repurchased 213,800 shares at 4.30-4.32 bt each, totalling 921,604 bt, on Sept 28. Shares repurchased to date total 4.63m shares or 0.74 percent of paid-up capital. -- Quality Houses said QH-W4 warrant holders could exercise rights on ...

More disclosure, less cronyism expected of listed companies.

Oct 02, 2007 ... Byline: Nuntawun Polkuamdee Oct. 2--Local fund managers complain that listed companies fail to disclose sufficient information ahead of annual shareholder meetings. According to the Association of Investment Management Companies, fund managers voted no or abstained ...

BoI approves Honda plan.

Oct 02, 2007 ... Oct. 2--The Board of Investment yesterday approved a 6.7-billion-baht investment proposal by Honda Automobile (Thailand). The Japanese automaker plans to spend 3.8 billion baht to expand existing facilities, as well as 2.9 billion for a new eco-car production line that can make ...

IEAT enlists private sector to expand sites.

Oct 02, 2007 ... Oct. 2--The Industrial Estate Authority of Thailand (IEAT) plans to join with the private sector in developing new industrial estate projects in an effort to earn more than one billion baht in revenue this year, says IEAT governor Uthai Juntima. The IEAT and several developers ...

Inflation up 2.1% in September on oil prices.

Oct 02, 2007 ... Byline: Phusadee Arunmas Oct. 2--Inflation rose 2.1 percent year-on-year in September thanks to higher food and fuel prices. The consumer price index (CPI) was up sharply from 1.1 percent in August, which was near a five-year low. Siripol Yodmuangcharoen, the newly ...

BAC hopes to gain Halal edge in the sky.

Oct 02, 2007 ... Byline: Boonsong Kositchotethana Oct. 2--Bangkok Air Catering Co (BAC), one of three inflight caterers at Suvarnabhumi Airport, has embraced Halal food in a big way to appeal to carriers from the Muslim world. Run by a Swiss manager with just a few Muslims among its ...

MSIG building brand to lift profile and sales.

Oct 02, 2007 ... Byline: Charoen Kittikanya Oct. 2--HUAI HANG, Uthai Thani -- The Japanese insurance firm Mitsui Sumitomo Insurance (MSI) has embarked on a three-year brand-building programme that it hopes will move it into the top three among general insurers, from fourth place at present. ...

New AIA policy linked to global stock indices.

Oct 02, 2007 ... Oct. 2--American International Assurance (AIA), the country's largest life insurer, yesterday introduced Secure Global Giants, a five-year endowment policy with a single premium payment and returns linked to the S&P 500, Dow Jones EURO Stoxx Select Dividend 30 and Hang Seng China ...

Hajj loan service expanded.

Oct 02, 2007 ... Byline: Wichit Chantanusornsiri Oct. 2--The Islamic Bank of Thailand plans to sharply expand its credit services for local Muslims undertaking the Hajj, according to acting president Dheerasak Suwannayos. Saudi Arabia has approved a quota of 15,000 pilgrims from ...

KBank unveils new '360-degree' strategy.

Oct 02, 2007 ... Byline: Darana Chudasri Oct. 2--Kasikornbank yesterday introduced a new strategic vision aimed at expanding the bank's offerings beyond financial services. The "K NOW" concept aims to offer "360-degree" services for customers in all aspects of life, according to chief ...

Tesco goes green with new branch, truck fleet.

Oct 02, 2007 ... Byline: Aranee Jaiimsin Oct. 2--AYUTTHAYA -- Tesco Lotus has switched its entire truck fleet to using B5 biodiesel, aiming at cutting its fuel costs by 5 percent and reducing carbon-dioxide emissions by three tonnes a year."From Oct 1, we have become the first and largest retail ...

UV lifts stake in Grand Unity.

Oct 02, 2007 ... Oct. 2--Univentures Plc (UV) has increased its stake in Grand Unity Development Co to become the majority shareholder and plans to invest in improving distressed assets to sell them, according to managing director Thanapol Sirithanachai. The company acquired 1.33 million shares, ...

S&P expands catering service.

Oct 02, 2007 ... Byline: Pitsinee Jitpleecheep Oct. 2--S&P Syndicate Plc plans to offer catering service for all of its restaurant brands to offset declining dining-in sales at its flagship S&P chain stemming from a shift to home dining among consumers. The strategy will make its ...

ICC to launch bags that meet environmental standards.

Oct 02, 2007 ... Byline: Pitsinee Jitpleecheep Oct. 2--The Saha Group's marketing arm, ICC International Plc, is set to develop more new environmentally friendly products after it introduces its innovative nano-bags at Inno Mart 2007 this coming weekend at Impact, Muang Thong Thani. ...

Saprang wants soldier for TOT.

Oct 02, 2007 ... Byline: Komsan Tortermvasana Oct. 2--The TOT board of directors has put off a public search for a new president while Gen Saprang Kalayanamitr, the board chairman, attempts to manoeuvre an army colonel into the top job at the state telecom enterprise. Normally the ...

Asia to boom despite sub-prime woes: Asian currencies to strengthen further.

Oct 01, 2007 ... Byline: Krissana Parnsoonthorn Oct. 1--While the world is now facing liquidity problems triggered by the US sub-prime crisis, Asia will continue to boom and attract foreign inflows over the next two years, said Sam Liddle, director of fund management at UK-based MitonOptimal ...