Govt to deal with falling egg price

Deputy Commerce Minister Poom Sarapol said the ministry would support export and processing of 100 million eggs next month. The targeted markets are Singapore, Malaysia, and the Middle East due to the high demand for eggs in those places. The ministry will soon talk to the Agriculture Ministry to control the number of hen-eggs in order to ensure balance between supply and demand. – The Nation

CPF gets nod for

stake in China, VN

Charoen Pokphand Food has got the approval from shareholders to invest in China and Vietnam.

The approval will allow CPF to proceed with buying a stake in CP Pokphand, which is in the feed mill business in both countries.

CPF will spend US$2.174 billion (Bt66.3 billion) to complete the deal.

TTA chief to present

himself before DSI

Thoresen Thai Agencies’ chief executive officer ML Chandchutha Chandratat will be questioned by the Department of Special Investigation (DSI) on January 23 about the deals that did not use the right to conversion warrant of Unique Mining Services.

"We do not know why the shareholders did not complain to the Securities Exchange of Thailand," he said.

Meanwhile, the company has targeted 10-per-cent growth this year because it believes that the demand to transport energy and infrastructure will continue to grow this year.

The company targeted total revenue of Bt17 billion last year.

Home insurance policy

against natural disasters

Siam Commercial Bank, in cooperation with Deves Insurance, is introducing a new insurance policy to protect its housing-loan customers from a wide range of natural disasters.

It is claimed to be the first blanket insurance policy against natural disasters. The policy will covers floods, tsunamis, storms, storm surge, earthquakes, hailstorms and volcanic eruptions.

Siam Commercial Bank executive vice president Smith Banomyong said that new clients can seek maximum coverage up to Bt50 million. The insurance premiums will range from 6-9 per cent of the coverage. – The Nation