briefs

BAFS sees recovery

Bangkok Aviation Fuel Services expects a recovery in its jet-fuel sales volume next year due to declining global oil prices.

BAFS deputy managing director Pugdee Manaves said yesterday that jet-fuel sales should grow 1 per cent by volume as airliners increase flight frequencies.

BAFS's sale volume this year dropped 2 per cent due to high oil prices, which have affected airlines worldwide. The company expects revenue this year at Bt1.4 billion. - The Nation

Esso to issue Bt8-bn bills

Esso (Thailand)'s board yesterday approved the issuance of bills of exchange with outstanding value not to exceed Bt8 billion.

The B/Es will carry either a fixed or floating rate. Esso has not yet finalised at what type of investors to target the B/Es. The proceeds will boost its working capital.

 - The Nation

New MCOT head by April

MCOT chairman Charupong Ruangsuwan said yesterday that the state enterprise's new president would be appointed by April, ahead of the annual shareholders' meeting. A five-member committee has been formed to select the successor to Wasant Paileeklee.

The board yesterday had expressed concern about the company's current net profit of Bt1 billion - Bt200 million lower than its full-year target of Bt1.24 billion. - The Nation

Songkhla roofing centre

Wattana Home Centre, a major construction-material distributor in Songkhla, has teamed up with Siam Cement Group to build a Bt15-million roofing centre in the province.

CEO Supawat Triwanatham said the total construction material market in the South was valued at Bt13 billion a year. The new centre is expected to be opened in February. - The Nation