NESDB cuts GDP growth view | Bangkok Post: business

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ECONOMY NESDB cuts GDP growth view

21 May 2013 : Thailand's economic growth projection has been cut to between 4.2% and 5.2% this year from 4.5% and 5.5% as previously forecast by the government's planning agency, as exports are expected to be much lower than earlier projected.
Observers foresee quarter-point interest rate cut

21 May 2013 : The weaker-than-expected first-quarter gross domestic product growth could prompt the Bank of Thailand's Monetary Policy Committee (MPC) to cut the policy rate by as much as 50 basis points in the upcoming policy rate call, economists said.

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TAX CORNER
New personal income rates too late for 2013?
21 May 2013 : In December last year, the cabinet approved new personal income tax rates to help people deal with the higher cost of living resulting from several factors including the rise in the minimum wage, and to make Thai personal income tax rates more competitive relative to those in other Asian countries.
EQUITIES
SET firms net record Q1 profits
21 May 2013 : SET-listed companies posted a combined record net profit of 241.61 billion baht in the first quarter, up 12.80% from the same period last year, thanks to higher sales and improved profitability.
TV Direct to look overseas
21 May 2013 : The MAI-listed TV Direct Plc plans to accelerate business development by joining hands with foreign partners, said CEO Songpol Chanmatkit.
TRADE
Thai, British SMEs ink partnership
21 May 2013 : The government expects to double trade and investment value between Thai and British small and medium-sized enterprises (SMEs) in five years, Industry Minister Prasert Boonchaisuk said yesterday.
Asean countries still seek nuclear power
21 May 2013 : Although Thailand and other Southeast Asian countries have shelved commercial nuclear programmes, continuous developments remain under way to improve their safety infrastructure.
Ichitan serves taste of Japan
21 May 2013 : Green tea mogul Tan Passakornnatee has announced a restructuring of his Ichitan Group to pave the way for future expansion and a public share offering.
Pig farmers protest against US imports
21 May 2013 : Local pig farmers plan to stage a protest against attempts by the US to pressure Thailand to open its market to American pork and offal.
ADVERTISING
Nielsen to adjust policy for cinemas
21 May 2013 : Nielsen Company (Thailand), a leading media research and rating company, believes cinema advertising rates are exaggerated and is revising its price measurement to reflect real spending by advertisers.
Falling coal prices hit Banpu revenue
21 May 2013 : SET-listed Banpu Plc, Asean's leading coal miner, expects its revenue will be flat this year from that of 2012 as coal prices have continued its fall.
PROPERTY
Supalai plants flag in eastern provinces
21 May 2013 : Despite fierce competition, the SET-listed developer Supalai Plc plans to launch six residential projects worth more than 8 billion baht combined in Chon Buri and Rayong this year.