Briefs

The agency has been contracted by the Department of Marine and Coastal Resources of the Natural Resources and Environment Ministry to design and construct the Bt260-million Thailand Pavilion under the concept of "Colours of Diversity: Capacity of Thailand".

Among 110 pavilions from other countries and international organisations, the Thai pavilion will occupy 560 square metres on the first floor of a building in the Pacific-Ocean zone of the international exposition, which will be held from May 12 to August 12 under the theme of "The Living Ocean and Coast: Diversity of Resources and Sustainable Activities".

True 3G service ‘to

cover all 77 provinces’

True Move H, the 850MHz 3G service of Real Move, said its 3G network services would cover all 77 provinces 900 districts and 8,000 subdistricts, and claimed that it would be the biggest 3G services provider in the country.

The services is provided under the network of CAT Telecom, which has already installed more than 4,000 base stations nationwide and is expected to reach around 10,000 base stations by the end of this year.

True is expected to have 4 million 3G users by the end of this year, up from the 1 million users currently. – The Nation

SCB Life profits surge

SCB Life Assurance reported an 18-per-cent rise in net profit in 2011 to Bt2.49 billion, while revenue rose 23 per cent to Bt33.37 billion. Net profit in the fourth quarter was up 35 per cent year on year to Bt705 million.

Net earnings per share rose from Bt31.81 billion to Bt 37.58 billion.

Of the total revenue, total net premiums accounted for Bt29.85 billion, up 23 per cent and net investment income was Bt3.38 billion, up 26 per cent while other income was Bt44 million, up 49 per cent.

Thailand to host

furniture fair

Thailand will continue to organise the Thailand International Furniture Fair 2012, under the concept of "Feel Green Feel Good" to serve the demand of the world market.

More than 120 businesses will participate in the fair from March 14-18, at Bitec Bang Na.

Flood takes toll

on GMM targets

GMM Grammy announced yesterday that total revenue grew by 6.5 per cent to Bt9.38 billion and net profit jumped 19.5 per cent to Bt626 million last year.

The company said the flood crisis last year directly affected its operations. The company had targeted 12 per cent growth in total revenue and 51 per cent growth in net profit.

However, the launch of its new satellite television to offer "Total Entertainment Solution" to watcher will boost its revenue this year.

Central Hotel targets

20-per-cent growth

Central Plaza Hotel expects its consolidated revenue in 2012 to grow 20 per cent to Bt13.7 billion year on year.

In 2011, its consolidated revenue increased 22.1 per cent to Bt11.47 billion compared to the same period last year. Of the total, Bt4.92 billion came from the hotel business and Bt6.55 billion from the food business. Its hotel business still grew 19.9 per cent, despite being hit by the big floods at the end of last year.

Muang Thai profits

hit by flood claims

Muang Thai Insurance reported that its net profit sharply dropped by 85.5 per cent to Bt57.01 million last year due mainly to payment of claims after the flood crisis.

However, the company’s total premium increased by 16.7 per cent to Bt5.74 billion, thanks to the rising number of compulsory car insurance and personal accident insurance.

The company realised income of Bt333.5 million, up by 22.4 per cent, from its investments in the Stock Exchange of Thailand. – The Nation