Bahrain to serve as trade centre model
As the Thailand Business Centre in Bahrain is completed, the Federation of Thai Industries has been approached to build similar centres in Saudi Arabia and in Qatar, a move that heartens Thai industrialists who are expanding their overseas markets.
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iTV could be in for a wallop
iTV may have to pay retrospective concession fees to the government to the tune of Bt1.3 billion to Bt1.4 billion if the Central Administrative Court rules that the discount the television station has been enjoying on the levy is invalid, according to Niwathawong Boonsongpaisarn, chairman of the iTV executive committee.
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Company Reports
AEON THANA SINSAP (THAILAND) announced net profit of Bt980.53 million for fiscal 2005 (to February 20). It will pay a dividend of Bt0.72 per share on June 22.
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Ascon refutes allegations
Ascon Construction Plc has dismissed allegations by former Democrat Party MP Alongkorn Pollabutr that the company is among those benefiting from government project bidding because the family of Yaowapha Wongsawat, sister of caretaker Prime Minister Thaksin Shinawatra, holds a major stake in the firm.
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Singha Paratech aims to floor Canada
Singha Paratech Plc foresees a bright future for its wood flooring in North America thanks to its new partner, Canada-based Westcoast International Trading Co Ltd.
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PWO president dismissed
The Commerce Ministry decided yesterday that the Public Warehouse Organisation (PWO) president and 11 officials were guilty of illegally awarding contracts to rice inspectors, prompting the dismissal of the president.
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IN BRIEF
Ministry eyes Australian sales
To promote Thailand as a regional fashion hub, the Industry Ministry is to take a road show to Sydney.
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MCOT chief eyes another term
Mingkwan Sangsuwan, president of MCOT Plc, which operates Modernine TV and many radio stations, yesterday submitted an application to a selection committee to stay his position for another four years.
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CNS spends Bt10m on Web trading
Capital Nomura Securities Plc (CNS) has invested Bt10 million to develop its information-technology system to support online "credit-balance" trading accounts as well as the securities borrowing and lending (SBL) business.
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NETWORK ACCESS DISPUTE
TOT makes new appeal in True ruling
State agency alleges conflict of interest on the part of arbitration court chairman
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LATE NEWS
Bangchak to raise $378m
Bangchak Petroleum Plc is set to raise US$378 million (Bt14.3 billion) early next month for its product quality improvement (PQI) project through a share sale to PTT Plc and institutional investors and a syndicated loan from three banks - TMB Bank, Siam City Bank and the Government Savings Bank.
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Oil cuts into earnings forecasts for listed firms
Capital Nomura Securities Plc (CNS) yesterday cut its earnings growth forecast in half for the country's listed companies, citing the effects of high energy prices.
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Ratch sees chance to spread its wings
Ratchaburi Electricity Generating Holding Plc (Ratch) is approaching its parent company, Egat, for authorisation to take over new power-plant projects now that Egat is unlikely to take on new debt.
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