briefs
Play
New secretary for ICT Ministry
Chaiyan Peungkiatpairote, deputy permanent secretary of the Information and Communications Technology Ministry, was promoted to permanent secretary, effective October 1, after approval by the Cabinet yesterday. He will replace Jirawan Boonperm, whose retirement is due on September 30.
Chaiyan, 55, is a veteran official and has been in charge of the Thaicom concession. Earlier he worked at the Transport Ministry before moving to the ICT Ministry in 2002.
SCB debentures
Siam Commercial Bank is offering a new batch of subordinated debentures worth Bt20 billion, after its success in a similar fund-raising scheme earlier this year.
The debentures, to be sold through its branch network from today through September 14, carry 12 years of maturity and an interest rate of 4.65 per cent per annum, payable every three months.
Minimum investment is Bt100,000. The bank maintains the call option at the end of the seventh year. The issue is rated “AA-” by Fitch Ratings (Thailand).
SCB president Kannikar Chalitaporn said this issue was to strengthen the bank’s Tier 2 capital to support future lending activity.
RS protects rights
Major entertainment firm RS has kicked off measures to protect its right to broadcast live soccer matches of Spain’s La Liga after the encryption of the satellite signal began on Saturday. It has assigned Thai Copyright Collection, its subsidiary for copyright-fee management and collection, to inspect any parties that may be violating its rights.
Demco ups target
Construction firm Demco has raised it revenue target for this year to at least Bt6 billion from the previous target of Bt5.3 billion, said managing director Pongsak Siricupta.
The company has a backlog in hand of Bt6 billion, of which renewable-energy projects account for about Bt2.3 billion. It will move on to bid for new projects.
Products from Guangdong
Guangdong Products Show 2012 will be held from September 14-16 at Impact Muang Thong Thani as part of the Chinese province's effort to penetrate Thai and other Asian markets.
To expand trade into markets across Asia, Guangdong province’s Department of Foreign Trade and Economic Cooperation will showcase a range of China’s best products and technological innovations from its local manufacturers.
More than 10,000 visitors are expected to visit the 5,000-square-metre showcase area.
Sun Jiwa, deputy division director of the department, said yesterday that Guangdong was the hub of China’s business in terms of manufacturing proportions and economic growth.
“Further, the area plays the [role of the] export centre of the country with the highest trading value. In 2011, Guangdong business earned total trading value at US$913.47 billion [Bt28.5 trillion], and increase by 16.4 per cent from 2010,” he said.
Buyers and spectators at Impact will have a chance to experience and buy a range of Chinese high-quality products and innovative technology from more than 200 companies, which cover electrical appliances, audio equipment, digital cameras, and information-technology products such as computers and mobile phones.
Home and office furniture, kitchenware, sanitaryware and solar-energy devices will also be featured at the event, said Huang Jiancheng, director of Worldex (China) GEC, a co-organiser of the exhibition.
