Briefs

Output beat forecast

<a name=\"CurPos\"></a><a name=\"mtemp\"></a> The industrial production index rose 7 per cent from a year earlier, the Office of Industrial Economics said in a statement yesterday, compared with a revised 0.7-per-cent contraction in July. The median of 12 estimates in a Bloomberg News survey was for a 4-per-cent increase. Exports, which account for about 60 per cent of the economy, have so far weathered risks from a faltering global recovery, with shipments surging 31 per cent to a record US$21.6 billion (Bt669 billion) last month. Sustaining that rate of growth may be difficult as Europe’s debt crisis and a struggling US economy dim the prospects for Asia-Pacific exporters. – Bloomberg ‘Become a millionaire’ Oishi Group has budgeted Bt80 million to promote its "Become a Millionaire with Oishi Bottle Caps" campaign to stimulate sales during the final quarter of the year. The grand prizes include two Bt1-million cash awards a month. The lucky draws will take place on the 1st and 16th of every month, from October 1 to December 16. "We anticipate that this grand promotion will see our overall sales surge by 25 per cent and the annual sales target of Bt6.3 billion successfully achieved," said Aniruth Mahathorn, vice president of the beverages group. – The Nation Krungthai Card bonds Krungthai Card plans to sell as much as Bt7 billion of three- and four-year retail bonds, according to a person familiar with the matter. CIMB Thai Bank, Krung Thai Bank and Thanachart Bank are managing the sale. The company plans to sell as much as Bt6 billion of three-year notes to yield 5.5 per cent and Bt1 billion of four-year debt, said the source. The four-year notes will pay 5.5 per cent for the first three years and 6 per cent thereafter. – Bloomberg

Briefs

Output beat forecast

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