Simon Hurts of Shell expressed surprise why "a major oil retailer, which controls 40 per cent market share," did not raise prices and was blocking others from making a move.
Yodphot Wongrukmi of Bangchak urged the retail price increase in 1-2 days, by 50 satang per litre, to cover losses. Without the increase , the marketing margin would fall further on possible hikes in global oil prices. In the past week, crude oil has risen by US$7 per barrel. Yesterday, the New York oil futures for March delivery rose 23 cents to $95.73 a barrel in Singapore.
SCG scholarshipSiam Cement Group (SCG) is launching a corporate social responsibility programme in the Philippines, to offer scholarships to high school students, according to the Philippine Daily Inquirer.
Called "SCG Sharing the Dream", the scholarship programme, to be conducted in partnership with the Philippine Business for Social Progress, will assist 200 high school students in and around Bulacan, Batangas and Manila where SCG has its paper and ceramic tile manufacturing facilities. The SCG financial assistance, at around 7,800 Philippine pesos (Bt4,700) a year for each scholar, will cover uniforms, school supplies, miscellaneous expenses for school projects and an allowance.
SCG operates four businesses in the Philippines - United Pulp and Paper, Mariwasa Siam Ceramics, CPAC Monier Philippines, and SCT (Philippines).
Reed eyes VNReed Tradex is planning 9 exhibitions in Vietnam this year, including five covering electronics, plastics, molds and dies, automotive parts and automation industries, according to Viet Nam News.
Chainarong Limpkittisin, deputy managing director of Reed Tradex, said that more than 10,000 visitors are expected and sales of more than US$30 million (Bt964 million) are projected for each exhibition.
Thai Post eventThailand Post is to organise a major event at Queen Sirikit National Convention Centre later this year to celebrate the 125th anniversary of Thailand's postal service. The 10-day event will begin on August 10.