Bangkok Life IPO set for this quarter

The company is seeking Securities and Exchange Commission approval to sell its IPO shares, president Chan Vathanakul said yesterday.

Bangkok Life has registered capital of Bt1.22 billion and paid-up capital of Bt1 billion, with a par value of Bt1 per share.

Air Phoenix suspends route over fuel costs

Domestic airline Air Phoenix has suspended its Nakhon Ratchasima-Bangkok route as a result of rising costs.

Chairman Jiradech Anupawatham yesterday said the company would consider resuming operations once the oil-price situation stabilised.

"We'll revise our strategy. If we'd continued operations, we'd have had to shoulder an additional 40 per cent in operating costs, due to the oil-price hike," he said.

Air Phoenix began the Nakhon Ratchasima-Bangkok service in early May. It was the carrier's only route.

Bunge acquires Tate & Lyle sugar-trading arm

Bunge recently announced an agreement to acquire the international sugar-trading and -marketing division of Tate & Lyle. The acquisition will strengthen Bunge's position in the sugar value chain by expanding its international trading and marketing activities and creating a stronger network for sugar originating in Brazil, Thailand and other countries.

The completion of the transaction is subject to regulatory approval. In the first stage, Tate & Lyle's operations and staff will be transferred to Bunge.