Briefs

PTT’s stoppage of raw materials is in breach of its agreement with RPC, stipulating that the parties must |continue to comply with their obligations under the agreement until there is a final decision from arbitrators, RPC said. The case is under the process of arbitration, it said. – The Nation

CAT board names new CEO

The board of CAT Telecom |yesterday approved Kittisak Sriprasert as the state agency’s new chief execu-|tive officer, as proposed by |the its CEO selection committee.

Kittisak, former CAT senior executive vice president, was the only contender for the |top job. He is expected to |take office on March 1. |– The Nation

BOT awaits ruling on fee-hike plan

The Bank of Thailand will delay a plan to increase fees on commercial lenders, |pending a ruling by the Constitution Court on the legality of executive decrees that were used to implement the plan, Finance Minister Kittiratt Na-Ranong said |yesterday. – Bloomberg

Tesco sweetens flood-coupon scheme

Tesco Lotus is launching a |discount campaign in response to the government’s announcement that it was extending |the Energy Ministry’s Bt2,000 coupon programme for flood-affected people to replace damaged appliances. Tesco |is offering an extra 15-per-|cent discount on products bought with the coupons |from tomorrow through |March 31.

Tesco Lotus communications director Salinla Seehaphan said customers could redeem the coupons at 65 Tesco Lotus hypermarkets in Bangkok and upcountry, |and the extra discounts would be offered at all these locations.

Tesco Lotus said it offered a wide range of energy-efficient appliances at low prices, such as refrigerators, electric pots, televisions, rice cookers and fans. This is based on Tesco Lotus’ commitment to offer great value for customers every day and to provide greater choices of greener products.– The Nation