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Published on November 17, 2007

Managing director Viraphan Phunket said that the recapitalisation of Ticon Fund was being prepared. He noted that it is the company's plan to raise the fund's size each year for the purchase of 50 industrial plants.

Next year, the new investment will also be geared towards warehouses. The fund's investment ratio in industrial plants and warehouses will be 80:20, he said.

APD revenue up 15% on strong presales

Asian Property Development announced presales of Bt13.67 billion, generating total revenue of Bt4.9 billion, in the first nine months of the year, up 15 per cent year on year. The company reported a net profit of Bt501 million, down 54 per centyear on year.

"Our net profit is lower than last year because in last year's third quarter, we booked a huge net profit from selling our investment in the City Asset Fund, which generated a net profit of Bt550 million," said CEO Anuphong Assavabhokhin.

Alcatel-Lucent unveils new router

Alcatel-Lucent yesterday unveiled its cost-effective, in-building cellular coverage at the Bangkok ICT Expo.

The "femto" base-station router in buildings allows cellular access to mobile operator networks using customers' residential digital subscriber lines or cable broadband connection.

The size of a slim book, the router is described as a "personal base station" and can operate on any wireless network air interface.

"The broadband-access market is rising significantly, and the average revenue per user is nearly double that of mobile subscribers," said  Vincent Duda, the company's Thailand managing director. "By providing bundled offers with Internet service providers, mobile operators can benefit from the trend of fixed mobile convergence and thereby increase their average revenue per user significantly. The Alcatel-Lucent femto helps network operators deliver new applications to home users, improve in-home W-code division multiple-access coverage and compete with fixed-line broadband services while reducing operating costs".

 The Nation

Vietnam welcomes SCG president

Now is a good time for foreign investors, including Thai businesses, to choose Vietnam as their destination, Prime Minister Nguyen Tan Dung told Kan Trakulhoon, president of the Siam Cement Group (SCG) on Wednesday.

Receiving Kan in Hanoi, Dung reaffirmed what he said was Vietnam's consistent policy to create favourable conditions for foreign businesses to invest in Vietnam.

For his part, Kan informed the prime minister about his groups' investment orientation and plans in Vietnam, including its involvement in a major oil refinery project.

Kan also took the occasion to present US$100,000 (Bt3.38 million) to help Vietnamese victims of Typhoon Lekima.

SCG, one of Thailand's three largest industrial groups, has been in Vietnam since 1996, with investment in petrochemical, paper and construction material industries.

Viet Nam News/Asia News Network