Supercar caravan marks Ferrari’s 70th anniversary
FERRARI importer Cavallino Motors is staging a caravan of 70 Ferraris from Bangkok to Ayutthaya Historical Park on March 25 today to celebrate the 70th anniversary of the Italian sports-car brand.
Govt may extend land-holding right of aliens
THE FINANCE Ministry has been studying ways to amend the law to extend the length of time foreigners can hold land and property in Thailand to 50 years from the present 30 years in order to boost the real-estate sector.
Opting for short-term bonds could be good move
IN LINE with market expectations, the US Federal Reserve raised its policy interest rate by 25 basis points to 0.75-1.00 per cent last week. The higher rate with the hint at three more increases this year has affected the global market positively.
Rising bad debts to continue affecting banking, Fitch says
THE OUTLOOK of the Thai banking sector remains “negative” as bad debts will continue to rise, says Fitch Ratings. “Non-performing loans are expected to peak by the end of this year or early next year,” Parson Singha, Fitch Ratings Thailand’s senior director, said yesterday.
$20 bn goal for Myanmar trade
THAILAND and Myanmar are aiming to achieve US$20 billion (Bt690 billion) worth of cross-border trade in 2021, more than three times the $6 billion targeted for this year.
BOI GIVES NOD TO SUPPORT PLAN FOR ELECTRIC CAR SECTOR
The Board of Investment (BOI) yesterday approved a plan to provide comprehensive support to companies involved in the production of electric car components and the battery-charging business
Smartphone maker Samsung backs away from planned split
SEOUL - The world's biggest smartphone maker Samsung, assailed by a shambolic recall and embroiled in South Korea's wide-ranging corruption scandal, on Friday backed away from a planned corporate restructuring.
PEA improves power distribution system to Khao Lak
The Provincial Electricity Authority has Bt345 million to improve the system for distributing power to tourist destination Khoa Lak in Phang Nga, a senior PEA official said on Friday.
Ratch announces new CEO
Ratchaburi Electricity Generating Holding Pcl (Ratch) has named Kijja Sripatthangkura as its new chief executive officer. His appointment will be effective April 6 after his predecessor Rum Herabat’s retirement.
Free entry for Asian Utility Week
The organiser of this year’s Asian Utility Week at Impact Exhibition Centre has waived the visitor entry fee for the first time.
More delays likely for 5 double-track railway routes
IT COULD be nearly two more years before five double-track railway projects can finally be opened for bidding, partly because of the need to draft new terms of reference (TOR), which will take seven to eight months, according to sources in the State Railway of Thailand (SRT).
Finance Ministry plans reforms in five areas
THE FINANCE Ministry is going ahead with economic reforms in five areas, while standing ready to invest in infrastructure in the hope of making Thailand a transport hub for the CLMV (Cambodia, Laos, Myanmar and Vietnam) subregion.
True Group, Canadian company set up video game joint venture
TRUE GROUP has set up a joint-venture company with Vancouver-based Axion Ventures called True Axion Games, which is targeted to become the best game developer in Southeast Asia.
Epson looks to overseas markets for revenue lift
EPSON (Thailand) is aiming for 15 per cent revenue growth this fiscal year in Cambodia, Laos, Myanmar, and Vietnam – the so-called CLMV market it marks out for high growth potential.
Integration key to growth
THE PHILIPPINES, along with other Asean nations, is expected to at least sustain its growth rate. But how well these neighbours will fare hinges on efforts of integration amid concerns on rising protectionism.
Laos, Cambodia agree to boost air links for tourism
LAOS and Cambodia on Monday signed a document agreeing on the need to increase flights between them to meet the growing demand for air transport.
Asean looks to take-off of green finance
Green finance is widely discussed as global policy makers continue their push for more sustainable and efficient energy sources in an era of growing concerns over climate change.
Singapore still priciest for expats
SINGAPORE is still the most expensive place in the world to buy and run a car and the second-priciest destination for clothes, according to the Economist Intelligence Unit.
Indonesia should liberalise services, World Bank says
PromptPay drives up KBank e-transfers
WITH THE PromptPay money-transfer system now in active use, Kasikornbank is witnessing a 130-per-cent increase in electronic transfers in March compared with the first two months of the year.
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