Thailand Company News

Land and Houses Retail Bank doesn't need foreign strategic partners for short-term expansion as it is likely to have strong capital base after recapitalisation.

Stocks of built but unsold residential properties are piling up in Bangkok causing developers to change tactics to speed up sales

TUF announced its annual performance figures for the year 2010 with year-on-year sales growth of 13% in U.S. dollar term and 4% in Thai Baht term. Despite a host of coincident challenges during the year, the Company managed to deliver satisfactory trading performance.

Thai Airways International (THAI) made a preemptive move to sign a joint venture agreement with Tiger Airways to set up the Thai offshoot of the Singapore-based low-cost carrier (LCC) ahead of the Transport Ministry's nod.

The investment firm AIRA Capital will make a tender offer to purchase Dhanamitr Factoring Plc in order to diversify and expand its revenue base before listing on the Stock Exchange of Thailand (SET) early next year.

Listing companies raised a total of Bt44b from the Stock Exchange of Thailand in the first two months of this year, the same level as last year.

Bankers say the improving economy has led to an increase in both domestic and international investment, and this in turn will spur growth in syndicated loans this year.

True Corp has offered the rights option to CAT Telecom to purchase ordinary shares in its businesses BFKT (Thailand) and Real Move, which have joined with the state agency to develop 3G wireless broadband service. The Nation

The merger of two chemical units of PTT Plc, which the national energy flagship is scheduled to announce today, is being welcomed by analysts and investors for its potential to add value to the assets.

Banpu is confident that a lawsuit claiming damages of Bt63.5b, filed against it by Thai-Lao Lignite (TLL), will not affect development...