BBL preps for Japan turf war – The acquisition by the Bank of TokyoMitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. (Bangkok Post, 23/07/13) Comment: Watching the changes in the banking landscape here in Thailand […]
Read More →My friends over at Shareinvestor Thailand just launched this app yesterday and my my have I enjoyed it. Essentially they have gathered all of their clients here in Thailand (some 150 or so) and put their annual reports (for the past 3 years)Â available to read in English/Thai here in this simple app. Â And the best […]
Read More →Thai Two asked to nominate next BoT chairman – The Bank of Thailand board is asking the central bank’s governor and the permanent secretary of the Finance Ministry to nominate candidates for a new chairman of the board by July 29, on expectations of selecting a name by mid-August before forwarding the choice to the […]
Read More →The SET-listed Jubilee Enterprise Plc (JUBILE), a leading retailer of diamond jewellery in Thailand with nearly 100 outlets, has delivered average net profit growth of 40% per year from 2009-12, and it continued to impress shareholders with 30% year-on-year growth in this year’s first quarter. Chief financial officer Unyarat Pornprakit discusses the strategies behind the […]
Read More →BAFS 30% earnings growth expected — BAFS expects 2013-14 earnings to grow by 30%, supported by an increase in fuel usage in Don Muang and Suvanabhumbi of 5%. It plans to expand its transportation network from Bangpa-In to Lampang, for an investment cost of Bt65bn, and expects conclusion on this by the end of this […]
Read More →ANAN – Ananda plans Bt20bn projects in second half – Ananda Development, confident of the continuing strength of residential demand, plans to launch condominium projects worth more than Bt2bn over the remainder of the year. (The Nation, 18/07/13) AOT cutting par value — AOT is to reduce par value from Bt10.00 to Bt1.00 after prices […]
Read More →SCB’s EIC (Economic Intelligence Center) just put out this chart (red line – property; yellow – consumer spending; and blue – auto), essentially shows what we have been thinking for the past few months that the Thai consumer may be tapped out with the recovery from the floods in 4Q11, the first time car buying scheme and […]
Read More →This editorial appeared on bloomberg last week commenting on Thailand’s economy. here’s a few snippets and my comments. Â Her government has subsidized rice prices, provided handouts to car buyers and favored megaprojects that will enrich the politically connected more than the masses. All this comes at the expense of long-term competitiveness and prosperity: Thailand […]
Read More →GRAMMY GMM Grammy issues new shares ahead of license bid – In preparation for its bid to secure digital terrestrial TV licenses, entertainment giant GMM Grammy yesterday issued 106,052,989 new ordinary shares at par value of Bt1 each, to be offered to existing shareholders at a ratio of one new share per five existing ordinary […]
Read More →Great op-ed by K. Voranai in the Bangkok Post the other day, a few snippets which caught my attention… Perhaps the truth is a mixture of both, but the numbers tell a most convincing story. According to the report, economic growth in Isan climbed 40% from 2007 to 2011, against 23% for the country and […]
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