Briefs

MCOT chairman Surapon Nitikraipot said he had received a letter from Thirachai Phuvanatnaranubala last month urging him to stand down. The letter said that if he did not comply, he would face pressure to resign at the next shareholders’ meeting.
However, Suraporn insisted that he and three other board members would remain in office until their term ends next April.
 
Thai floods contribute to lower Canon forecast
Canon has lowered its annual forecast as it grapples with a historically high yen, a slowing global economy and the impact of heavy flooding in Thailand.
The Japanese company expects this year’s net income to be