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 …

Charoen Pokphand Foods Plc (CPF), Thailand’s leading feed mill and food producer, plans to buy a total of 75,194,164 shares of Charoen Pokphand Enterprise (Taiwan) Co Ltd, worth about US$24.12 million or 826 million baht, as part of its attempt to boost oversea business. 
CPF has received an approval from its board of directors since Wednesday, July 15, to purchase the amount of shares, equal to 32.41 percent of the stake in Taipei-based Charoen Pokphand Enterprise (CPE), from five existing shareholders through its wholly owned subsidiary CPF Investment Limited (CPFI).

The …

Seen joining hands are Ford ASEAN president David Alden (left), AutoAlliance Thailand president Kiyotaka Shobuda (centre) and Mazda Motor EVP Masaharu Yamaki (right).
AutoAlliance Thailand Co Ltd (AAT), the joint venture between Mazda Motor Corp and Ford Motor Co, today opened its US$500 million passenger car plant at an industrial estate in eastern province of Rayong.

The new production facility, located in the Eastern Seaboard Industrial Estate, is expected to increase the company’s current capacity from 175,000 to 275,000 units a year.
The new facility will be used for manufacturing Mazda2 and Ford …

BAY's president and CEO Tan Kong Khoon
 
 

Bank of Ayudhya Plc (BAY), Thailand’s fifth largest commercial bank, is in the process of acquiring a Thai subsidiary of American International Group and the consumer financial businesses of General Electric units.
According to two separate statements made on Friday by the bank, BAY said the transaction for it to acquire the AIG’s subsidiary, CFG Services Co Ltd (CFGS), is pending an approval of its shareholders at a meeting on August 20 and then another approval from the Bank of Thailand and is expected to …

The Stock Exchange of Thailand (SET), with leading brokerage and listed firms, will hold roadshows in Boston and New York during June 25-26 and later in London during June 29-30.
SET President Patareeya Benjapolchai on Monday disclosed that over 50 fund managers from 40 asset management funds in each US city are expected to attend the roadshow to hear about Thailand’s latest economic, political and investment conditions, which will build confidence among the foreign institutional investors.
“SET, Thanachart Securities Plc, BNP Paribas Securities (Asia) and nine firms will present information to leading …

Charoen Pokphand Group (CP Group), Thailand’s food and agribusiness giant, on Sunday signed an agreement with Bahrain-based Al Salam Bank to jointly develop agricultural businesses for the market in the Middle East and North Africa region.
The Memorandum of Understanding (MoU) has formed a strategic partnership between the two parties with an intent to establish Bahrain as the “Halal Food Hub” of the Middle East and North Africa (MENA) region.
According to a statement issued by Al Salam Bank, CP Group’s vice chairman Eam Ngamdamronk said the partnership is CP Group’s first …