Tue, July 05, 2022

business

Briefs


17 overseas operators cleared for Thai business ventures 

The Department of Business Development’s committee that handles foreign businesses has approved applications from 17 overseas operators who are planning a combined investment of Bt331 million.
Most of the successful applicants are from Japan, Hong Kong and Singapore, the department reported yesterday.
Of the 17, six will be engaged in providing services to companies within their groups, including lending services. Their combined investment is Bt199 million. A further seven companies are involved in auto leasing, with plans for investments worth Bt120 million.
The other three will carry out wholesale and retail businesses with a combined investment of Bt9 million. The remaining entrepreneur has French nationality and will enter into a contract with a state agency.
In June, the number of foreigners allowed to invest in Thailand declined by 14 from the previous month. The combined investment declined 79 per cent year on year to Bt1.314 billion. 
From January to June, the numbers of foreigners permitted to invest here was 136, with combined investment of Bt3.743 billion, against 179 approvals over the same period last year with investment of Bt3.711 billion. Last year the number of foreigners permitted to invest in Thailand was 352, with investment of Bt7.442 billion.

LITTLE TO CHEER
Consumer confidence extends
slide on economy concerns

The country's consumer confidence index in June dropped for the second straight month, falling to 63.3 from 64.3 in May, on concerns over a slow economic recovery and a decline in farm product prices, according to the Thai Chamber of Commerce University.
Thanawat Polwichai, director of the university’s Economic and Business Forecast Centre, believes that the declining confidence would prove short term as the government has stepped in to shore up farm prices. He is confident that the prices of farm will not fall from their current levels.
Thanawat said the centre sees the economy improving in the second half and that it would revise its forecast in August for gross domestic product from a previous estimate for growth in a range of 3.5 per cent to 4 per cent. The revision will be in line with an expanding export sector and a clearer picture emerging on the scale of spending on infrastructure projects amid other government stimulus policies.
Siamnuwat launches Bt3 bn 
condo in Ratchathewi

Property firm Siamnuwat Co Ltd has launched a Bt3 billion condominium project, Wish Signature II Midtown Siam, at Siam-Ratchathewi in Bangkok. The project is about 400 metres from the Ratchathewi BTS station.
 The 41-storey development comprises 333 units starting from Bt200,000 per square metre.
 Construction will begin in 2018, with completion due in 2020, chief executive officer Tharathorn Aksaranuwat said.
ADVICE AT HAND
SET helps startups 
with Live Fin Corp

The Stock Exchange of Thailand (SET) has established Live Fin Corp Co Ltd, which is 99.99 per cent held by the stock exchange operator.
    Live Fin Corp Co Ltd will serve as an adviser to startup businesses and help them find the funds required to expand their ventures. The company will also help the startups to manage their financial services needs and set them on a growth path for the long term, said the SET's senior executive vice president and head of issuer marketing division, Santi Kiranand.
    The company has introduced what it calls its Live platform, serving startups and small and medium-sized enterprises to use to be their business trade measure. The Securities and Exchange Commission is assessing the application, with expectations that it will be approved for use in the last quarter of this year, Santi said.
Sansiri links with SCB
on mortgage campaign
 
Listed property firm Sansiri is joining with Siam Commercial Bank (SCB) to launch a mortgage campaign under a promotion “Mum Moments of Miracle”. The bank is offering a fixed interest rate of 1.75 per cent for the first two years for homebuyers who buy Sansiri residential projects nationwide.
 The campaign lasts until September 30.

COMFORT ZONE
Index Living Mall offers 
bedroom furniture discounts

Index Living Mall Co Ltd has partnered with Siam Commercial Bank (SCB) on the launch of a promotion called “Bedroom Big Bonus”. Customers who use their SCB credit cards to buy bedroom furniture until August 28 will get a cash refund of 10 per cent of Index Living purchases.
 Index Living Mall is aiming for sales of Bt1.5 billion from this campaign, representing 8 per cent of its projected total sales Bt19 billion at the end of this year.

BIG PICTURE
LG Electronics aims to shore
up lead with LG TV series

LG Electronics (Thailand) has launched the LG OLED TV G7T series of premium televisions.
With the launch, LG says it is confident of maintaining its leadership position in the 4K TV market, the company’s marketing director, Nipon Wongsaengarunsri, said at press conference yesterday. The company has 40 per cent of that market, the marketing chief said.
 

Published : July 06, 2017

By : The Nation