Briefs

PTTEP has put off an extraordinary shareholders' meeting because it needs to give investors time to understand its plan to increase capital, president and CEO Tevin Vongvanich said at the company’s 16th-anniversary ceremony yesterday. Delaying a decision on the plan will have no impact on its deal to buy Cove Energy shares but might delay other big acquisitions, he said.

Rubber price woes

Further drops in the price of rubber will hit growers’ bottom line as they face production costs of Bt61.65 per kilogram, amid hopes that government assistant measures will shore up price to Bt80-Bt100 by October. At present rubber is quoted at Bt76-Bt80 per kilo.

Cassava subsidy Bt44 bn

The government plans to spend Bt44 billion to subsidise cassava for the 2012-13 harvest season at the pledging price of Bt2.5 per kilogram, Commerce Ministry permanent secretary Yanyong Phuangrach said yesterday.The government aims to buy 15 million tonnes of cassava.

Export promotions

From now through October, 45 export-promotion activities will be held overseas, emphasising Asean, China, India and Eastern Europe, said Nuntawan Sakuntanaga, director-general of the International Trade Promotion Department.The aim is to push exports during the rest of the year to an average value of US$21 billion to $22 billion (Bt656 billion to Bt687 billion) or more a month, or close to the growth target of 15 per cent this year. – The Nation