FRIDAY, March 29, 2024
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Quick news

Quick news

Krungsri Consumer to cut debt collection fees for credit cards, personal loans

Krungsri Consumer will cut debt-collection fees for credit cards and personal loans effective August 1.
Sukdee Chongmankhong, chairman of Krungsri Consumer and of the Credit Card Club of the Thai Bankers Association, said fees would be cut from Bt250 per debt collection to Bt200.
The fee reduction is in compliance with the Bank of Thailand.
Other houses are considering fee cuts next month as well.
 
Seagate reports earnings
Seagate Technology reported fourth-quarter revenue of about US$3.4 billion (Bt106 billion), gross margin of 27.4 per cent, and net income of $348 million.  
For the fiscal year ended June 28, on a GAAP (generally accepted accounting principles) basis, the company reported revenue of $14.4 billion, gross margin of 27.5 per cent, and net income of $1.8 billion.  
“Seagate’s financial results reflect strong execution in a time of change, uncertainty and opportunity,” said Steve Luczo, Seagate’s chairman, president and chief executive officer. 
“Looking ahead, we believe the market trends of data growth driven by cloud, mobile and open-source advancement will present new and significant opportunities for Seagate.  We will continue to balance near-term financial performance and long-term strategic development while maximising shareholder value.”
 
FDI pushes land demand 
This may be another year of strong growth for foreign direct investment (FDI), with an encouraging level of activity seen in the manufacturing sector during the first half of the year. 
With the upcoming changes in the Board of Investment’s promotion policy, the demand for rented factories and industrial land is expected to rise over the next 18 months, according to Knight Frank.
The key highlights in the first quarter of this year in manufacturing property include the beginning of a return in buyer confidence in Ayutthaya and Pathum Thani as transactions, occupancy rates and land prices rose. The total supply of serviced industrial land plots (SILPs) in the period amounted to 120,425 rai (19,268 hectares), an increase of 6.07 per cent on a year-on-year basis. 
The factory rental market’s occupancy rate stood at 86.82 per cent in the first quarter, a slight dip compared with 87.62 per cent in the previous quarter as new supply entered the market.
For the period of January to April alone, the level of FDIs rose to close to or more than 2011’s level for some sectors, and registered almost 35 per cent of 2012’s level across all sectors.  Major investments announced in the first six months of 2013 include Honda in Rojana Industrial park, Prachin Buri; Toyota in Gateway City; Bridgestone in Amata Nakorn, Chon Buri; and Electrolux in Hemaraj Rayong Industrial Land, to name a few. 
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