• 
• 

Published on October 27, 2007

Commerce Minister Krirk-krai Jirapaet said yesterday that those Cabinet members wanted to block the bill from National Legislative Assembly endorsement.

 "They foresee that the implementation of the Retail Business Act would cause loss of benefits," he said.

 Krirk-krai emphasised that the ministry had drawn up the law to create fair practice and competition between small and large retailers.

Steel IPO 

Millcon Steel Industries' shares have been oversubscribed by three times due to overwhelming interest from local and foreign investors, managing director Sittichai Leeswadtrakul said yesterday.

The subscription period for the 100 million shares ends on Monday. The company's shares will start trading on the Market for Alternative Investment on November 6.

Sittichai is optimistic that the share price will stay above the initial-public-offering price of Bt2.90, due to positive business fundamentals as well as growing demand for steel.

The Nation