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Showing posts with label ASIA HOT NEWS. Show all posts
Showing posts with label ASIA HOT NEWS. Show all posts

In Lowell, Hopes 'Cambodia Town' Will Boost Business (Cambodia news in Khmer)



The city of Lowell, Mass., officially coronated Cambodia Town earlier this month. City officials hope the designation, which marks a section of the city where many Cambodian businesses are, will bring an improvement to people's lives.

For residents like Chhun Vanndeth, a 23-year-old fishmonger at the city's Ocean Garden Market, an improved economy would be welcome. He, like others here, says he thinks the designation could make a difference. VOA Khmer's Pin Sisovann reports.

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CIMB overweight on Thai stocks, despite earnings fall

Much of the fall was attributable to stock losses of energy and petrochem companies.
"We believe this will reverse in the third quarter as oil prices bounce back. Thus, we reiterate our Overweight call on the petrochem sector as earnings are poised to recover in the third quarter," CIMB said in a research note.
The house still expects the SET index to end this year at 1,350 points. The index today showed a slight loss of 0.49 point to end the day at 1,223.91 points.
Market catalysts include strong private investment and consumer spending. About 32 per cent of the companies under its coverage reported better-than-expected quarterly results while 33 per cent were in line and 35 per cent lower than expected. It consequently revised down earnings forecasts by 1.3 per cent for this year and by 1.6 per cent for next year. Following the revisions, it expects the Thai market to show 22 per cent core earnings growth this year and 15 per cent next year.
"We believe the Thai market will continue to do well on the back of strong private investment and consumer spending. Improved overseas sentiment and strong foreign inflows are likely to support the market," it said.
After selling for several months, foreign investors turned net buyers in July and this buying momentum is expected to continue. Foreign ownership of the Thai market improved to
almost 26 per cent recently, although still low compared with the 34 per cent in 2008. Foreign investors account for about a quarter of the market by trading volume with retail investors making
up 53 per cent, local institutions 8 per cent and brokers' proprietary trading the remainder.
The Stock Exchange of Thailand’s data showed that in the first half of this year, 447 listed companies showed a decline in net profits though combined revenue increased by 13.42 per cent to Bt5.06 trillion. Banking, food & drink, commerce, real estate and medical sectors showed the highest earnings growth.
In the second quarter alone, their combined sale revenue reached Bt2.55 trillion while earnings fell to Bt130.4 billion due to higher sale and interest costs. Moreover, they also showed combined foreign exchange loss of Bt7.35 billion, against Bt12.7 billion forex gain in the first quarter.
"The results followed a drop in earnings of energy, steel and agricultural stocks, as well as insurance companies which booked losses from last year’s floods. Excluding results of companies involved in commodities markets, the listed companies’ earnings in the second quarter and first half would have shown a 32.01 per cent and 8.80 per cent growth rate from the same period last year," said SET President Charamporn Jotikasthira

Though listed companies' earnings dropped 13.58 per cent on year to Bt344.4 billion in the first half, CIMB Securities (Thailand) remains overweight on the Thai stock market.

Asian Countries You Must Visit (At Least Once)

It is the largest continent, the home to 60% of the world’s population, the origin of modern civilization, and the birthplace of major world religions. Now who says it is okay to miss travelling to Asia? But it’s so huge. How can you choose which of its 48 countries to visit first? We’ll make it easier for you. Here are the top four must-visit Asian countries before you die. Thailand Thailand is known for it’s pristine sandy beaches, spicy food and tranquil Buddhist temples. Some of the major sights and destinations are Phuket Island, Chiang Rai, Wat Rong Khun, and the Royal Palace. If you get bored, stroll around the palaces and then eat jasmine rice. Just don’t touch anyone on the head or point with your foot or you’ll be finished with Muay Thai. Book your Treasures of Thailand Tour here India You don’t know the meaning of overcrowded if you haven’t gone to India where more than 1.2 billion Indians are living in a million square-mile territory. Well the hassles will be worth it if you can take a picture with the Taj Mahal on the background, ride an elephant, taste the Indian curry, watch field hockey, and say “Namaste.” Experience the best of India and Nepal with Friendly Planet Travel Japan The Land of the Rising Sun is more than just Cherry Blossoms, big-eyed anime characters, sushi, and weird hairstyles. It has a lot of everything. It’s the third largest economy, the best on environment preservation, and has the longest life expectancy. The same balance reflected on Mt. Fuji is Japan’s secret to own almost everything. Explore the wonders of Japan with the Japan Panorama Tour China Even the moon doesn’t miss the Great Wall of China, so why would you? Aside from that, go and head to the Forbidden City in Beijing and see the world’s largest city of ancient buildings. Complete the ancient experience by dropping by the thousands of two-millennium-old life-size Terracotta Warriors. Don’t forget to get an authentic Chinese lucky charm or you’ll be in bad luck. Make sure you also indulge in China’s rich cuisine with the Taste of China Tour.

Abhisit's six biting questions for Yingluck government

government is planning to mark its first year in office this weekend, Democrat Party leader Abhisit Vejjajiva on Friday raised six issues omitted in the performance report. 1. When will the government put the people's interest before the energy industry? In the face of soaring price, statecontrolled PTT has reported Bt37 billion in profit for this year's first quarter while the people are obliged to shoulder the rising energy cost. 2. Will rice farmers ever to get more benefits from the rice pledging scheme than rice mill operators and middlemen? The government appears to trumpet its intervention on paddy price. But the fact is rice mills and brokers are the main beneficiaries of the corruptionplagued scheme and very little would trickled down to the farmers. 3. When will the government put the country before the interest of one man - fugitive former prime minister Thaksin Shinawatra? The government has apparently push for reconciliation as a guise to rescue Thaksin from his legal predicament. 4. When will Prime Minister Yingluck Shinawatra start to share the plight of local residents in the strifetorn South? PM Yingluck has delegated officials to travel to the region on her behalf while she refuses to risk her safety. 5. When will the government show tangible results in floodcontrol projects? Despite huge spending outlays, the government is being entangled in untransparent bidding process which in turn blocks the work progress. 6. How will the government deal with the staggering public debt incurred to finance populist policies? The country's fiscal position will remain at risk so long as the government opts squander funds on stopgap measures instead of aiming for sustainable development. Abhisit said he respected the people's mandate given to the Pheu Thai Party although he was still hoping to see the government to serve the public instead of the vested interests

NSC chief heads to the South after attacks spree

National Security Council secretary-general Pol General Wichien Photeposri yesterday went to the deep South following more than 100 coordinated attacks, blamed on insurgents, in the four Southern border provinces on Friday.

The incidents, including five bomb attacks in Narathiwat that wounded six security officials, also saw the insurgents planting the Malaysian national flags across the region, in a purported attempt to symbolically link the region with Malaysia's independence day celebrations.

As he left Bangkok, Wichien said the trip was to check on the implementation of the nine-point strategy, especially the seven safety-zone measures, the progress of CCTV camera installations and security manpower management. He will report back to PM Yingluck Shinwatra. Speaking about the coordinated attacks, Wichien said it was not an intelligence failure.

After an urgent meeting with related officials, Wichien disclosed that the insurgents and sympathisers on Friday carried out more than 400 activities, mostly minor acts such as raising Malaysian flags and bomb hoaxes. He said Thai-Malaysian relations remained unaffected by the insurgents' attempts to cause a bilateral conflict. He said Malaysia had clearly stated that it backed peace and would cooperate in developing both sides of the border in order to prevent conditions that led to insurgency. He said the NSC had a policy on negotiating for peace in the region, hence there were ongoing attempts for talks.

Lt-General Udomchai Thammasarojrat, the commander of the Fourth Army Area based in Pattani, said the insurgents' use of Malaysian flags did not affect bilateral relations and affirmed that the authority would continue to crack down on insurgents.

Saying that Friday's attacks in Narathiwat and Yala were carried out systematically, Opposition leader Abhisit Vejjajiva urged Yingluck to carefully assess the Southern situation and not jump to conclusions as a mistake could worsen the problem. He urged Yingluck to assign only one minister to be in charge of the Southern unrest rather than three ministers, so as to prevent confusion. He planned to propose discussions on the Southern unrest to the House once the rubber price issue was discussed.

Narathiwat officials yesterday inspected the department store, which was bombed and was on fire on Friday night despite being in the safety zone. Police suspect that the group which carried out an attack on two shops on October 23, 2011, killing seven people and injuring eight others, was responsible for this attack, too. The store suffered 95-per-cent damage, initially estimated at Bt10 million.

Two rubber tappers lost a leg each in two separate bomb explosions in Narathiwat yesterday. Charoen Daengtae, 64, lost his left leg after stepping on a buried bomb in Tanyong Limor of Rangae district while Maena Lateh, 54, lost her right leg after stepping on a bomb in Tambon Bangpor of Muang district.

THAI to hire flight attendants up to age 60

  Early retirement deals also offered to keep costs low

Thai Airways International (THAI)'s board of directors Friday agreed to extend the age limit for female flight attendants hired under outsourcing contracts to 60 years from 45 years.

Thai Airways will consider the performance of each outsource employee annually before offering a new contract.

For outsource air and ground employees, Thai Airways will extend the maximum age stipulated in hiring contracts to 60.

Because the company will incur higher expenses from the contract extensions, THAI is reportedly offering a "mutual separation plan" to female flight attendants over 45 years of age in a bid to reduce costs. The female attendants aged over 45 have been offered a voluntary retirement package ahead of the obligatory retirement age of 60.

Meanwhile, the board has also officially appointed Sorajak Kasemsuvan as THAI's new president.

Chokchai Panyayong, executive vice president and acting president of Thai Airways, said the cabin factor of the national carrier increased in August to 78.8 per cent from 74.8 per cent in July. Cabin factor is the percentage of seats sold.

THAI will have more flexibility in setting its flight schedule after Thai AirAsia moves all its Bangkok operations to Don Mueang International Airport by October 1, Chokchai said.

"Passenger traffic at Suvarnabhumi Airport will be relaxed. After buying A380 aircraft, Thai Airways plans to increase the number of flights by 10 per cent next year," he said.

The number of passengers flying THAI in August was 1.78 million, up by 9.8 per cent from 1.62 million passengers in the same month last year.  
 
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