Construction materials producers and consumer product manufacturers should pass on cost savings from lower fuel charges under a government anti-inflation programme to the public, according to the Commerce Ministry.
STOCK MARKET
Thai stocks jumped 3.43% yesterday as investors rallied to the market thanks to strong first-half earnings by local banks and falling global oil prices.
The Thai economy grew an estimated 5.9% in the first half of the year, according to the Fiscal Policy Office.
PETROCHEMICALS
The Vietnamese government has licensed the joint venture between the state-run PetroVietnam and the Siam Cement Group (SCG), Thailand's largest industrial conglomerate, to build a US$3.77-billion petrochemical complex in Vietnam.
ENERGY
The Energy Ministry has set a budget totalling 600 million baht to compensate oil traders for the taxes they already paid for their outstanding inventory to help prevent shortages on Friday when the oil excise-tax cut takes effect.
TaxCORNER
If you own a property project and would like to play around with the assets to enjoy extra tax saving, setting up a property fund could be a wise choice.
CORPORATE GOVERNANCE
Some 78% of listed companies have received a "good" grade or higher for their conduct regarding annual general shareholders' meetings, according to the Securities and Exchange Commission.
Thailand's six top banks reported first-half net profits of 43.91 billion baht, nearly eight times that of the same period last year.
Land prices on Patong Beach in Phuket now reach 100 to 200 million baht per rai (250,000 to 500,000 per square wah), showing strong demand from high-end buyers, many of whom are repeat tourists, according to property consultant CB Richard Ellis (Thailand).
Born into a well-known family, having acquired a solid educational background and hosting the popular TV talk show "Jor Jai," political parties keep knocking on the door of the charming Nattawut Amornvivat.
TELECOMMUNICATIONS
True Digital Entertainment Co, the online gaming arm of True Corp, expects its revenue growth to more than double this year thanks to an increasing number of broadband users.
INDUSTRY
Local steel prices are expected to slide in the second half of the year, driven by the slowing of investment projects as inflation stalls momentum, according to Vikrom Vajragupta, director of the Iron and Steel Institute of Thailand (ISIT).
RUBBER
Thailand has teamed up with Vietnam to explore ways to expand trade and develop the rubber industry.
INBrief
ENERGY :Glow Energy Plc. (Glow) recently signed US$302-million in contracts with a consortium of Marubeni and Black&Veatch for equipment supply and construction of its 382-megawatt gas-fired cogeneration power plant in Map Ta Phut.
