Sun, May 19, 2013 00:27:37 AM
Bangkok Post
Sun, May 19, 2013 00:27:37 AM
Bangkok Post
The Gold Traders Association this morning announced buying prices at 18,965.16 baht per baht-weight for gold ornaments and 19,250 baht per baht-weight for gold bar.
The Board of Investment (BoI) has agreed to enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming industrial-preference criteria.
Tassapon Bijleveld, the chief executive of Thai AirAsia (TAA), yesterday disposed of some of his stake in Asia Aviation Plc (AAV) to raise 1.5 billion baht for new ventures including hotels and another airline.
Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has instructed state agencies to accelerate investment as a main tool to drive the economy, given the slowdown in exports this year.
Mobile operators have bowed to pressure by the National Broadcasting and Telecommunications Commission (NBTC) to lower all their 2G and 3G tariffs by 15% as per regulatory requirements.
Kasikorn Asset Management (K-Asset), Thailand's largest asset management company, estimates demand in excess of 100 billion baht for investments with periods of longer than one week and higher returns than money market funds.
Business leaders are calling on authorities to keep closely monitoring the baht, saying the currency could resume appreciation amid continuing capital inflows and massive liquidity globally.
Amata Corporation, the developer and manager of industrial estates, said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry.
PTT Plc, the energy conglomerate, is seeking local partners for joint investment in a 15-billion-baht biohydrogenated diesel (BHD) plant in Map Ta Phut, Rayong with a capacity of 370,000 tonnes a year.
Thailand will become the global export production base for Toshiba air conditioners in the next three years, affirming its importance despite the impact from the 2011 flood crisis.
