Friday, May 09, 2008; Posted: 05:56 AM
BANGKOK POST:
- Economic growth for Thailand will exceed 6 per cent this year with the help of higher government spending and investment, according to Finance Minister Surapong Suebwonglee.
- Padaeng Industry Plc (PDI), the country's largest zinc miner, has received a new licence from the Industry Ministry to resume zinc mining, which it suspended last October when its old licence expired.
- Siam Cement Group (SCG), the country's largest industrial conglomerate, will seek concessions for eucalyptus forestation in Laos and Cambodia to secure raw material supplies for its paper business. Poramate Larnroogroj, managing director of Siam Forestry Co, an affiliate of SCG Paper, said the company had started growing eucalyptus in pilot areas in the two countries.
- Local rice prices are expected to be volatile for the foreseeable future, despite gains in the world market after a cyclone in Burma flooded 5,000 square kilometres of farmland, and Malaysia began imports from Thailand.
- Thai Asia Pacific Brewery Co (TAPB), the brewer of Heineken beer, is hoping that its low-cost Cheers beer will have cheerful sales, doubling to 600 million baht (US$18.8532 million) over the next two years. However, the target is still less than 1 per cent of the economy beer segment valued at about 88 billion baht.
- Honda has begun work on its Asia-Oceania regional automobile research and development centre in Thailand, aiming to make the country a regional automotive R&D hub. The new facilities, costing 1.7 billion baht, would be handled by the newly formed company, Honda R&D Asia Pacific Co.
- The manufacturer and distributor of Oriental Princess beauty products expects sales will rise by 14 per cent to 2.1 billion baht this year, according to Pasana Intratip. the CEO of OP Natural Products Co. Confidence is underlined by better-than-expected first-quarter sales of 634 million baht, well above the target of 520 million baht.
THE NATION:
- Investors lost in the forest of financial information will be treated to a comprehensive and up-to-date fund performance ranking, courtesy of the Association of Investment Management Companies.
- From today, visitors to the Money Expo 2008 - the biggest consumer finance event of the year - will have a range of extravagant promotion packages and cheap financial products to choose from.
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