Briefs
AIS withdraws dispute with TOT
Advanced Info Service has withdrawn its arbitration dispute with its state concession owner TOT regarding the latter’s demand for compensation of about Bt37 billion for amendments to the concession.
TOT demanded that amount in January and AIS took the case to an arbitration panel in February. In August, however, TOT told AIS it was cancelling its demand for compensation, admitting that it had misunderstood the facts of the situation. Therefore, on October 3, AIS withdrew the complaint from the arbitration panel, which granted the request on Thursday, according to AIS’ filing to the Stock Exchange of Thailand yesterday.
G20 statement
High-level government representatives and policy-makers from 28 Asia-Pacific countries will meet at the United Nations Asia-Pacific headquarters in Bangkok tomorrow to formulate a regional voice on issues to be discussed at next month’s Group of 20 Summit in Cannes, France.
The consultation will focus on economic and social priorities of developing countries in the region, including volatility of commodity prices, food security and reform of the international monetary and financial system. A statement will be issued by the consultation tomorrow.
New Futuris plant
Futuris Automotive (Thailand) Co, a global leader in automotive interior design and solutions, has opened a new 7,752-square-metre factory in Hemaraj Eastern Seaboard Industrial Estate.
Operating on a 10-rai piece of land, the new factory will produce automotive seating and interior products both for the Thailand market and for export. Futuris supplies automotive interior solutions to many of the world’s top carmakers including General Motors, Ford, Toyota, Chery and JAC.
Silom Line deal
Bangkok Mass Transit System (BTSC) has signed an operational and maintenance service agreement for the Bangkok mass transit project’s 5.3-kilometre Silom Line extension from Wongwian Yai to Bang Wa. It will operate train services and manage and maintain the extension.
BTSC will receive fees for the services of Bt604 million (exclusive of value-added tax) in the first year.
