Thai Industry News

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.

oybean oil producers want to increase the price by Bt19 for a one-litre bottle,a 41.3% rise from the price cap of Bt46, due to rising raw material costs.

The Bank of Thailand remains confident that economic growth this year would not dip below 3 per cent, despite the surge in oil prices.

Bangkok Metropolitan Administration (BMA) annouced its plans to spend THB15 billion (US$490 million) on creating the Super Skywalk System, a 50-kilometre elevated walk way

Tourism Authority of Thailand hopes to revive travel demand for Thailand in the Japanese market through a high-level delegation to Tokyo.

The Thai economy is expected to expand by 3.5-4.5% this year, according to the National Economic and Social Development Board (NESDB).

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