Siam Cement Group (SCG), Thailand’s biggest industrial conglomerate with over 300 billion baht of total assets, on Wednesday reported a net profit of 6.84 billion baht, an increase of 32 percent from the previous quarter but a fall of five percent from the same period last year.
According to SCG president and chief executive officer Kan Trakulhoon, the quarterly net profit of the group, Siam Cement Plc and subsidiaries, came from the net sales of 56.88 billion baht during the April-June period, an increase of only about three percent from the …

Thailand’s PTT Exploration and Production Plc (PTTEP) on Wednesday reported a net profit of nearly 6.5 billion baht in the second quarter of this year, dropping about 50 percent from that of the same period last year.
PTTEP, Thailand’s sole oil and gas exploration and production operator which is a subsidiary of PTT Plc, said the quarterly net profit however rose about 13 percent from about 5.75 billion baht in January-March period of this year.
According to a report to the Stock Exchange of Thailand (SET), PTTEP said its total revenues during …

SCB nets 5.2-billion-baht profit in Q2
Thailand’s top three commercial banks recently reported their operating results for the second quarter of this year as the biggest lender Bangkok Bank saw its net profit slightly drop by 3.4 percent while second lender Krung Thai Bank’s quarterly profit rose 15 percent and third lender Siam Commercial Bank’s profit fell 10 percent.
The three biggest lenders posted the quarterly net profits of 4.86, 2.33 and 5.2 billion baht respectively.
Bangkok Bank Plc (BBL), with 1.74 trillion baht of assets, said its April-June net profit dropped 3.4 …

Your Royal Highness,
Ministers,
The Secretary-General of ASEAN,
Excellencies,
Distinguished Delegates,
Ladies and Gentlemen,
 
It is indeed my great pleasure to welcome all of you to the 42nd ASEAN Foreign Ministers’ Meeting (AMM) and to the island of Phuket, the “Pearl of the Andaman Sea.”
We gather here today in a city and province with a rich history – a city that has grown from a mining centre into a world famous tourism destination; a province that bravely weathered the devastation of the Tsunami of 2004 and has revitalised itself with the dynamic local economy that we …

Thailand’s Prime Minister Abhisit Vejjajiva today said when the member countries of the Association of Southeast Asian Nations (ASEAN) become a single economic community in 2015, the ASEAN Community should be “a community of action, connectivity and peoples”.
In his keynote address to mark the 42nd ASEAN Ministerial Meeting in Phuket, PM Abhisit, on behalf of the chair of the 10-nation bloc, expressed confident that ASEAN will continue to move forward towards the goal of becoming a community so the member countries should begin to think about what type of community …

The sales of cars and trucks in Thailand during the first half of this year falls 28 percent from the same period last year to 231,428 units, with Toyota leading the market with 41.2 percent share.
According to the statistics revealed by Toyota Motor Thailand Ltd last Friday, the total auto sales during the first six months of this year included 96,056 units of passenger car and 135,372 units of commercial vehicle (buses and trucks), which respectively declined 13.0 and 35.9 percent from the same period last year. Out of the …