AMATA Flooding downs two factories on estate – Minor flooding at Chon Buri’s Amata Nakorn Industrial Estate has forced an auto parts factory and an electronic parts plant to shut down temporarily due to transport disruptions. Authorities say the water will recede within five days. The estate has seen minor flooding in phases 7-9, where […]
Read More →AMATAÂ Flood hits Amata Nakorn- More than 700 factories in the Amata Nakorn Industrial Estate in Chonburi have been cautioned to monitor the floods closely, as they may face a repeat of the 2011 deluge. Viboon Kromadit, the estate’s chief of operations, said evacuation should be prepared and drilled even though the water has yet […]
Read More →The US government, the bastion of democracy, is still in the midst of a government shutdown, and the debt ceiling deadline is approaching. From what I’ve read the last time the US defaulted on payment was in the early 1800’s, we don’t expect the US government to actually be this silly, but market commentors are […]
Read More →ADVANC AIS tries new approach for roaming fees – Advanced Info Service (AIS) is introducing an unlimited mobile chat package to ease consumer fears over exorbitant international roaming fees when using their phone overseas. (Bangkok Post, 08/10/13) CMO New venture with Zaap — CMO announced a joint venture with Zaap, called CMO-Zaap, a new company […]
Read More →The rebound last week came from across most sectors except consumer products that were only up 0.4%. So whats going to happen this week? Everyone’s saying choppy times with the US govt shutdown (and they dare preach to the rest of the world about political systems hahaha) and the fact that thb 2.2 trn infra […]
Read More →Notable Transactions Buy(s) THB 164 mn BGH – The Director and one of the major shareholders buys a huge amount @ THB 116 mn Sell(s) THB 143 mn BLA – K. Chai has been selling BLA constantly at these levels CHG – Again more directors selling GC – Former director resigns and sells THB 41 […]
Read More →AOT 20% growth in September passengers — AOT announced that passengers in Sept grew by 20.43%, with number of passengers in Suvarnabhumi airport exceeding 50mn. (Tun Hoon, 07/10/13) Comment: Thailand is still attracting tourists at a fast growing pace BMCL BMCL board okays recapitalization plan – The board of Bangkok Metro Plc (BMCL) has approved […]
Read More →The Board of Investment (BoI) recently announced a 2nd generation eco-car plan and producers can request applications between now and 31 March 2014. So what are the key details? Eco-cars phase 1 Eco-Cars Phase 2 Petrol-fuelled engines 1300 cc 1300 cc Diesel engines 1400 cc 1500 cc Fuel efficiency 5.0 l / 100 km 4.3 […]
Read More →A summary of the week’s major headlines both in Thailand and abroad Thai Economy MoC cuts export target — The MoC has reduced its export target to 4% growth in 2013, a decrease of US$15bn in export value. It forecasts export growth of 5-7% in 2014. Exports to Japan were cut to 0% from 5%. […]
Read More →BAY Bangkok Branch of Tokyo-Mitsubishi UFJ takeover approved by BoT — BAY reports that the Bank of Thailand has approved the entire business transfer of the Bank of Tokyo-Mitsubishi UFJ Limited, Bangkok Branch to BAY. This will take place within one year from the date on which Bank of Tokyo-Mitsubishi UFJ becomes a shareholder of […]
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