Briefs

The Energy Ministry, the Provincial Electricity Authority and Thammasat University yesterday signed a memorandum of understanding for an energy-saving programme to be implemented at the university’s Rangsit Campus. 

Under the MoU, the Alternative Energy Development and Efficiency Department is committed 

to provide technical assistance and low-interest funding. 

This is aimed at being a pilot energy-saving programme among educational institutions and success stories will be shared with other institutions, said the department’s director-general, Krairit Nilkuha. 

Energy Minister Pichai Naripthaphan, presiding over the signing ceremony, said the flood disaster sparked the need for energy conservation and the reduction of carbon emission. 

– The Nation

 

Coke commits $2m for relief

Coca-Cola has committed more than US$2 million (Bt62 million) to “Reunite to Relieve and Rebuild Thailand”, a sustainable flood-relief initiative designed to provide emergency relief and rebuilding efforts to help victims of the devastating floods. 

As part of this amount, the Coca-Cola Foundation will contribute $1 million to Habitat for Humanity Thailand to rebuild schools and homes. Additionally, the company is partnering with the Thai Red Cross Society and Habitat to mobilise groups of volunteers, set up and run mobile kitchens, and deliver bottled water and food.

The company is committing 5 million bottles of water for relief agencies, of which nearly a million are allocated to support the Thai Red Cross. By the end of this month, more than 100,000 meals will have been provided to flood victims through the company’s partnership with the Red Cross. – The Nation

 

PTT drops bond sale

PTT, Thailand’s biggest company, has pulled its planned sale of 20 billion baht-denominated bonds indefinitely because of the flood disaster, according to three people familiar with the matter. 

The bonds were originally meant to be sold this month, they said, asking not to be identified as details are private. 

PTT hired Bangkok Bank, Bank of Ayudhya, Kasikornbank, Krung Thai Bank, Siam Commercial Bank, Thanachart Bank and TMB Bank to help arrange the sale, another person familiar with the matter said last month. 

– Bloomberg

 

PTTGC to buy 51% of Perstorp 

PTT Global Chemical’s board has approved the purchase of shares in Perstorp Holding France through its subsidiary with an initial investment of 51 per cent ownership, approximating to investment capital of €114.8 million (Bt4.83 billion). 

Perstorp Holding France is an owner of technology and a major manufacturer of isocyanates in Europe and Asia, particularly toluene diisocyanate, hexamethylene diisocyanate and derivatives that are major feedstocks in the manufacturing of polyurethane, with its main characteristics for the usage of foams and coatings in the automobile and construction industries. 

– The Nation