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Quality Houses to launch 17 projects in Q4
Quality Houses plans to launch 17 residential projects worth Bt17 billion next quarter, the company’s president and CEO Rutt Phanijphand said.
Four of the new projects will be condominiums, and the rest detached houses and townhouses.
Quality Houses targets revenue of Bt19.4 billion this year after reporting revenue of Bt10.3 billion and net profit of Bt1.6 billion in the first half.
Anlene targets women
Anlene is investing Bt200 million to increase its share of the adult milk market with a major programme to modernise its brand to appeal to working women.
Thai actress Sririta Jensen, the new presenter for Anlene Concentrated Calcium Milk with 4x Calcium, will deliver the new “Stretch Your Limit” brand concept. A range of activities will be held to associate Anlene with working women.
Anlene anticipates sales growth of 20 per cent next year.
Ricoh seeks 9% growth
Ricoh (Thailand), a subsidiary of Ricoh Company in Japan specialising in office automation, has set a revenue for this year of more than Bt6 billion, up more than 9 per cent from last year.
The company offers a full range of products in the field of imaging equipment and services, production print solutions, document management systems and information-technology services.
Sansiri to increase capital
Sansiri shareholders on Friday approved an increase in registered capital from Bt11.61 billion to Bt19.82 billion.
The company aims to complete the process of increasing its registered capital next quarter, Sansiri president Srettha Thavisin said.
Budget bill gets second reading in legislature
The National Legislative Assembly yesterday scrutinised the 2015 budget bill during its second reading.
The budget committee had offered to cut Bt16 billion from the proposed total of Bt2.575 trillion.
The NLA approved an increase in the central budget by Bt16.82 billion from Bt375.7 billion. It also approved cutting the budget of the Prime Minister’s Office to Bt33.41 billion and maintaining the Finance Ministry’s budget at Bt185.85 billion.
Thais pour in Myanmar
More than 104,000 Thai tourists entered Myanmar via Yangon International Airport in the first eight months of this year, almost reaching the slightly more than 116,000 for all of last year, according to that country’s Immigration and Population Ministry.
– Myanmar Eleven
Asia stocks decline
Asia stocks fell yesterday as the US Federal Reserve held a two-day meeting, since investors are putting their activities on hold pending the outcome of the meeting and Fed chairwoman Janet Yellen’s speech today.
The MSCI Asia Pacific Index fell from its latest peak of 149.12 points on September 3 to 145.04 on September 15 and fell again yesterday, dropping for a ninth straight day, the longest losing streak since June 2002.
The Stock Exchange of Thailand retreated by 13.71 points or 0.87 per cent to close at 1,565.41.
Port project pushed
Laem Chabang Port has sped up the development of its rail transfer terminal project.
Managing director Sutthinan Hatthawong said yesterday that the deep-sea port had hired a consultant to conduct a project analysis and design for the construction of a container yard, office building and facilities. The Port Authority of Thailand will be responsible for the infrastructure cost of Bt2.9 billion.
CITES levies deadline
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has set a deadline of the end of this month for Thailand to submit a progress report on reining in the illegal trade of ivory. CITES will study the report as it considers whether to impose an international wildlife-trade ban on the Kingdom.
CITES will announce its decision next March on international sanctions for Thailand.
