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Coconut price set
After the falling price of coconut has hurt farmers, the Commerce Ministry yesterday announced a price recommendation of Bt4 per kilogram this week against the current price at Bt2.67-Bt3 per kilo.
Coconut prices have seen serious declines during the harvest season, which started in May and ends next month. Santichai Santawanpas, deputy director-general of the Internal Trade Department, said the price recommendation would gradually increase from Bt4 a kilo this week to Bt5.33 early next month.
Thai Oil posts big loss
Thailand’s biggest refiner Thai Oil reported a huge net loss of Bt7 billion in the second quarter after recording net profit of Bt3.24 billion in the previous quarter. The second-quarter performance was due mainly to stock losses, it said in a filing to the Stock Exchange of Thailand.
HomePro’s net profit jumps 35.5% in H1
Home Product Center saw sales revenue of Bt16.37 billion and net profit of Bt1.2 billion in the first half of the year, up 20.76 per cent and 35.51 per cent respectively from the same period of 2011.
The company plans to open four new HomePro branches in the current second half, in Nakhon Sawan, Samut Sakhon, Ubon Ratchathani and Ratchaburi, managing director Khunawut Thampromkul said.
3G auction adviser
The office of the National Broadcasting and Telecommunications Commission has selected Power Auction as its adviser to prepare its planned auction of the 2.1-gigahertz spectrum for third-generation wireless broadband.
NBTC secretary-general Takorn Tantasit said yesterday that the company won the contract on the basis of technical proposals deemed preferable to those of its contender, Nera.
QH wins ‘A-’ rating
TRIS Rating Co has affirmed the company and senior debenture ratings of Quality Houses at “A-” with negative outlook.
It says the ratings reflect the company’s established track record in the property-development industry, strong position in the middle-to-high-income housing market, and recurring income from commercial properties and investments in marketable securities.
The negative outlook reflects QH’s weakened credit profile due to the flood impacts.
