Thai Central Pattana sees growth despite crisis
The News Review:
- Thai Central Pattana sees growth despite crisis
- Thailand: Preparations for 14th ASEAN Summit and Related Summits
- Hard Rock to add more hotels
Thai Central Pattana sees growth despite crisis
Reuters
Kasikorn rated the stock “underperform” with a targetshare price of 10. At midsession the shares were unchanged at 12. 50 bahtwhile the main Thai index. CPN owned by top retail and hotel group Central wouldspend 5.
Thailand: Preparations for 14th ASEAN Summit and Related Summits
ISRIA (subscription)
This Summit will be an opportunity for ASEAN leaders and Ban Ki-Moon Secretary-General of the United Nations to discuss regional and international issues of mutual interest including development food and energy security climate change disaster management and issues of the global financial crisis. The upcoming Summit will also see the leaders of international financial and economic institutions such as the World Bank the International Monetary Fund (IMF) the Asian Development Bank (ADB) the United Nations Conference on Trade and Development (UNCTAD) discuss with the leaders of countries participating in the EAS. In this connection a separate event called “ASEAN Global Dialogue” co-hosted by Dr. Surin Pitsuwan Secretary-General of ASEAN and the Royal Thai Government will be held on the evening of 12 April in Bangkok. The event is expected to be an opportunity for the guest speakers from the international financial and economic institutions and participants to exchange views and experiences on global challenges that have tremendous impact on the region in particular the global financial crisis.
Related from Abnphukethotel: ASEAN citizens will get hotel discounts in Indonesia
Hard Rock to add more hotels
Straits Times
–PHT: AFP HNG KNG – THE head of Hard Rock International said on Tuesday the leisure firm was looking to expand its rock-and-roll themed hotel franchise across Asia despite the financial crisis. Hamish Dodds president and chief executive officer of the US-based group said it was working on deals to open Hard Rock Hotels in Tokyo Beijing Shanghai Bangkok Jakarta and Hong Kong over the next few years. The group currently manages two hotels in Asia – one in Pattaya Thailand and the other in Bali Indonesia – and it is launching three new hotels in Macau Malaysia and Singapore later this year. ‘We have a number of negotiations ongoing in Asia. It’s a good time to be looking around’ he told AFP in Hong Kong. ‘We certainly have better bargaining power now because of the availability of distressed assets and better leases (amid the crisis)’ he said. Mr Dodds said the company has stepped up its search for potential sites and franchise partners in Asia.
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