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Pump prices to fall 40 satang

Most oil retailers today will cut their pump prices for petrol and diesel 40 satang a litre.

Published on December 5, 2007

However, Shell is maintaining its 95-octane petrol at Bt32.89.

Following the cuts, most retail premium and regular 95- and 91-octane petrol will be Bt32.49 and Bt31.19 per litre, respectively.

The retail price of high-speed diesel is being cut to Bt28.94.

BAY outlook

Standard and Poor's Ratings Services yesterday revised its outlook on Bank of Ayudhya (BAY) from "stable" to "positive", on expectations of an improved capital position after GE Capital Asia Pacific's injection of funds.

The rating company also said the partnership would improve BAY's business profile and translate into better financial performance in the medium term. Benefits from the collaboration will include transfer of knowledge and technical skills in terms of products, risk management and best practices.

BAY's BBB/A3 counter-party ratings were affirmed.

The positive outlook implies there is at least a one-in-three possibility of the ratings being raised in the medium term. They will be raised in the next year or two if BAY shows significant improvement in its financial profile, namely in profitability and asset quality, said the agency.

Uni roadshow

NextView (Thailand), a provider of investor education and organiser of financial conferences in the Asia-Pacific, has linked up with Trinity Securities, ACL Securities, Capital Nomura Securities and BankThai in organising roadshows to deliver basic investment knowledge in the stock, commodities and derivatives markets to university students.

The roadshow - named NextView-Rich - is also aimed at creating awareness of the Asia Traders and Investors Convention to be hosted in Bangkok next month.

Thiti Tharasuk, vice president for business development at NextView, said the project formed part of the company's master plan on investor education. As more sophisticated financial instruments in capital and derivatives markets have been introduced, investors should be better educated and well prepared for more complicated investment arenas.

Undergraduates and graduates in economics, finance and banking will soon enter the labour market and start generating personal income. If participating firms helped them develop investment knowledge and potential, they could turn out to be quality investors, said Thiti.

Jakarta route

Regional low-cost airline AirAsia last month launched a Bangkok-Jakarta service, with flights operated by Indonesia AirAsia.

The resumption of air services linking the two capitals is in line with national plans to establish Bangkok as one of Asia's key aviation hubs, said AirAsia. The new Bangkok-Jakarta service establishes a vital link for onward travel beyond Bangkok to other key destinations in Thailand, such as Phuket and Surat Thani, offering travellers more options.

To Mae Hong Son

To meet peak-season demand for travel to Mae Hong Son during Thailand's cool season, PB Air has launched a daily Bangkok-Mae Hong Son service, which runs until next March.

The new service is a PB Air-Thai Airways International code-sharing route. It is served by a 50-seater ERJ 145 aircraft operating out of Suvarna-bhumi Airport. 

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