Gold prices down 200 baht

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Gold prices down 200 baht

18 May 2013 : The Gold Traders Association this morning announced buying prices at 18,965.16 baht per baht-weight for gold ornaments and 19,250 baht per baht-weight for gold bar.
TELECOMMUNICATIONS All 3G operators agree to cut their tariffs

18 May 2013 : Mobile operators have bowed to pressure by the National Broadcasting and Telecommunications Commission (NBTC) to lower all their 2G and 3G tariffs by 15% as per regulatory requirements.

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TAA chief funds new ventures
18 May 2013 : Tassapon Bijleveld, the chief executive of Thai AirAsia (TAA), yesterday disposed of some of his stake in Asia Aviation Plc (AAV) to raise 1.5 billion baht for new ventures including hotels and another airline.
INVESTMENT
BoI keeps current incentives to 2014
18 May 2013 : The Board of Investment (BoI) has agreed to enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming industrial-preference criteria.
ECONOMY
Kittiratt pushes investment to offset slumping exports
18 May 2013 : Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has instructed state agencies to accelerate investment as a main tool to drive the economy, given the slowdown in exports this year.
FINANCE
K-Asset keen to answer big demand
18 May 2013 : Kasikorn Asset Management (K-Asset), Thailand's largest asset management company, estimates demand in excess of 100 billion baht for investments with periods of longer than one week and higher returns than money market funds.
CURRENCIES
FTI nervous about volatility
18 May 2013 : Business leaders are calling on authorities to keep closely monitoring the baht, saying the currency could resume appreciation amid continuing capital inflows and massive liquidity globally.
INDUSTRIAL ESTATES
Amata gears up for rush of land sales
18 May 2013 : Amata Corporation, the developer and manager of industrial estates, said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry.
PTT seeks partnership for biodiesel
18 May 2013 : PTT Plc, the energy conglomerate, is seeking local partners for joint investment in a 15-billion-baht biohydrogenated diesel (BHD) plant in Map Ta Phut, Rayong with a capacity of 370,000 tonnes a year.
MANUFACTURING
Toshiba opens B2bn air-conditioner plant
18 May 2013 : Thailand will become the global export production base for Toshiba air conditioners in the next three years, affirming its importance despite the impact from the 2011 flood crisis.
INVESTMENT
True looks into starting infrastructure fund
18 May 2013 : True Corporation is keen on setting up an infrastructure fund, says Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission.
Thai fund industry scores high
17 May 2013 : Thailand's asset management industry is one of the most investor-friendly in the world, according to a study by Morningstar, the US-based mutual fund tracking service.