Briefs

A subcommittee of the National Broadcasting and Telecommunications Commission will propose to the watchdog’s telecom committee today that Total Access Communications (DTAC) compensate its mobile-phone customers with credit for 130 minutes, double the duration of its latest network failure.

The breakdown on Tuesday lasted 65 minutes before normal operations resumed. The subcommittee made the resolution at its meeting yesterday.

Retail business up 7.1%

The overall retail-business market in Thailand is predicted to be worth Bt1.45 trillion this year, showing significant growth of 7.1 per cent compared with last year, according to the University of Thai Chamber of Commerce Centre for Economic and Business Forecasting.

The modern retail sector accounts for 55 per cent of the total retail market, while Bt65 billion or 45 per cent belongs to traditional retailers or so-called mom-and-pop stores.

L’Oreal sales jump 16%

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Umesh Phadke, managing director of L’Oreal Thailand

L’Oreal (Thailand) achieved 16-per-cent sales growth in the first six months, making it the fastest-growing local cosmetics firm.

The company is confident that it will also show healthy performance in the second half, managing director Umesh Phadke said yesterday.

The company has been active and growing businesses in all countries in Asean and sees this region as a huge contributor to its future growth. The full establishment of the Asean Economic Community in 2015 is expected to help this growth even further. – Kwanchai Rungfapaisarn, The Nation