Tue, July 05, 2022

business

Briefs


Remittances to state coffers jump 50% to Bt7.59 bn

State enterprises remitted Bt7.59 billion to the Finance Ministry last month, up 50 per cent from the budgeted Bt5.04 billion.
Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office, said state enterprise contributions for the first nine months of this fiscal year (October 2016 to June 2017) reached Bt129.6 billion or 26 per cent above budget.
The increases were attributed to their improved business operations from last year.
The top five providers of income to the Finance Ministry were the Government Lottery Office, Electricity Generating Authority of Thailand, PTT Plc, Government Savings Bank and Provincial Electricity Authority.


ON THE LOOKOUT
Vietnamese scout investment
opportunities in Thailand

Representatives of the Vietnam-Thailand Friendship Association and 70 Vietnamese businesses visited Thailand’s Board of Investment last week to look into investing in Thailand. They gathered information on matters such as tax incentives.
Chokedee Kaewsang, deputy secretary-general of the BoI, said most of the visiting group were interested in tourist boat business in Chanthaburi and other tourism opportunities as well as logistics and food processing.
The BoI plans to lead a mission of Thai businesses to Vietnam this year to explore investment opportunities.

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SECOND-HALF GOAL
Supalai eyes housing 
projects worth Bt21.6 bn

Supalai plans to launch 22 residential projects worth Bt21.54 billion in the second half of this year after booking sales of Bt13.34 billion in the first half, up 29 per cent from the year-earlier half.
Managing director Tritecha Tangmatithum told a press conference yesterday that 18 projects will offer single-family homes and townhouse in Bangkok and in the provinces.
Four projects will be condominiums. 
The first condo project for the second half of this year is Supalai Verenda Phasri Charoen Station worth Bt4.4 billion. The project has 1,802 units, with prices starting from Bt1.5 million.
It will open for bookings from August 5-6.

Retail exhibition expected 
to attract 30% more visitors

More than 7,500 visitors and 200 exhibitors from the region are expected to converge on this year’s RetailEX Asean event.
That represents an increase of 30 per cent over last year’s turnout, with 10 per cent more floor space booked by exhibitors. 
RetailEX Asean is Asia’s largest, and fast-growing, retail event.
To be held from September 14-16 at Impact Muang Thong Thani in Bangkok, the event will encompass three shows: ShopFIT, ShopTECH and the newly added InternetRetailing.

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SONGKHLA SUCCESS
Sansiri transfers condo
 units worth Bt2 bn

Sansiri has transferred 1,268 units of its Kanchanavanich condominium in Songkhla’s Hat Yai district worth Bt2 billion.
Residential demand in Hat Yai is growing on the back of the province’s plan to build a 12.54-kilometre monorail from Hat Yai to the airport, which will be completed in 2021, according to the company’s press releaseyesterday.

INVESTMENT OFFER
Krungsri confident on
response to Happy Life Fund 

Krungsri has launched the Krungsri Happy Life Fund, a mixed fund that helps create security and wealth.
Seventy-five per cent of the fund will be invested in high quality debt instruments and 25 per cent in flexible assets – equity real estate investment trusts, and property and infrastructure funds. 
Its investment policy promotes “favourable returns, as well as building a balanced investment portfolio, for secure investment and a happier life”. 
The offering runs from July 18-25. 
Krungsri is confident that the fund will receive a warm welcome from customers, said Phonganant Thanattrai, head of retail and distribution.
The bank said: “The fund aims to serve the needs of customers seeking investment opportunities with returns higher than deposit interest rates and the inflation rate of 2.5 per cent. The fund is perfect for investors wishing to take a low level of risk.” 
The fund manager will consider adjusting the investment portfolio in line with changing market conditions. The minimum investment is Bt1,000.
 
 

Published : July 13, 2017

By : The Nation