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The Stock Exchange of Thailand expects about 15 firms to launch initial public offerings in the current second half of the year out of a total filing of 25 companies, said Chanitr Charnchainarong, executive vice president and head of the issuer and listing division. The filing by 25 firms consisted of 13 wanting to list on the SET and 11 on the Market for Alternative Investment.
In the first half, 21 companies floated IPOs.

BOI APPLICATIONS JUMP IN VALUE
The Board of Investment has revealed that the value of investments seeking tax incentives in the first seven months was more than Bt660 billion, up by 28.6 per cent, said Industry Minister Prasert Boonchaisuk.
The number of the projects in the first seven months was 1,192, compared with 1,184 in the same period year. The highest number of projects are in services and infrastructure at 322 with total investment value of Bt316.9 billion, followed by machinery, transport and metals with 254 projects worth Bt162 billion and agricultural industry with 250 projects worth Bt88.1 billion.
The BOI is encouraging Chinese and European businesses to invest in Thailand, with roadshows aimed at boosting the value of applications this year to Bt1 trillion, he said.

SMEs EXPECT LOWER SALES
About 65.3 per cent of small and medium-sized enterprises expect their sales in the third quarter of this year to be lower than target because of the slower economy, according to a survey by Dhurakit Pundit University.
According to the survey of 713 SMEs in 16 provinces from August 10-22, about 23.9 per cent of the respondents expected their sales to be similar to the previous target, while 7.9 per cent expected to beat their targets.
About 57.7 per cent used credit cards, cash cards or loan sharks to facilitate their short-term liquidity, and 57.7 per cent adjusted their marketing and promotional plans.

AMWAY APPOINTMENT MADE
Amway (Thailand) has appointed Nattawut Charumekin as a distribution director. He will be in managerial charge of both logistics and distribution systems, which cover planning, product delivery, and distribution analysis.
He will communicate with Amway headquarters in Ada, Michigan, on distribution matters. He will take care of the delivery process of all products, and will also oversee after-sales and service at all Amway shops. With expertise in logistics and the supply chain, Nattawut has more than 14 years of experience in various business fields with Thai and international corporations.

SMES SEE DROP IN SALES
About 65.3 per cent of small and medium-sized enterprises expect their sales in the third quarter of this year to be lower than target because of the slower economy, according to a survey by Dhurakit Pundit University.
According to the survey of 713 SMEs in 16 provinces from August 1022, about 23.9 per cent of the respondents expected their sales to be similar to the previous target, while 7.9 per cent expected to beat their targets.
About 57.7 per cent used credit cards, cash cards or loan sharks to facilitate their shortterm liquidity.