
Toyota will recall 160,907 vehicles made in Thailand, comprising 830 Camrys, 33,048 Altis models, 87,753 Vios units and 39,276 Yaris units, after customers complained that the power adjustment of the driver’s-side rear-view mirror failed to operate smoothly.
Toyota Motor Thailand vice president Vichien Emprasert said the mirror switch would be checked. – The Nation
Festival to see Bt37 bn spending
About Bt37 billion of total expenditures are expected to be made by Thai consumers during the Vegetarian Festival to be held from October 15-23, the highest in five years, according to a survey by the University of the Thai Chamber of Commerce.
UTCC conducted a field survey from October 3-7 on 1,200 respondents.
Raid nets illegal software
Police raided one of Thailand’s biggest coconut-milk producers and found 224 personal computers with illegally obtained software, worth about Bt9.22 million – this year’s largest software-infringement case so far.
The Economic Crime Division says it raided 147 companies in the January-September period, finding stolen software on 3,869 PCs with total infringement value of about Bt324 million.
PTT plans $1-bn issue
PTT plans to raise about US$1 billion (Bt30.7 billion) through senior unsecured fixed-rate notes, partly to help recapitalise its subsidiary PTT Exploration and Production.
Chief financial officer Surong Bulakul said the company had not yet finalised the exact amount of the bond issue or its maturity.
Moody’s Investors Service assigned a provisional “Baa1” rating for the issue, the same rating as assigned to the Kingdom of Thailand. Standard & Poor’s Ratings Services assigned a “BBB+” rating to the proposed issue. Both rating agencies maintained stable outlooks for PTT, despite the borrowing.
Uniqlo eyes 4,000 shops
Japanese clothing brand Uniqlo plans to have 4,000 shops worldwide with total revenue of more than Bt400 billion by 2020, as it aims to be a market leader among ready-to-wear fashion brands.
Uniqlo (Thailand) Co chief operating officer Takahiro Nishimura said that in Asia the company planned to open 142 branches next year, five of them in Thailand. It aims to have 100 branches in the Kingdom by 2020.