Briefs

The Commerce Ministry is standing by its export-growth target of 15 per cent for this year despite worrying variables including the damage from last year’s massive flood and the ongoing euro crisis.
Commerce Minister Boonsong Teriyaphirom said yesterday that Thailand was doing better than some Asian traders, with exports in the first seven months up by 2.2 per cent to Bt4.7 trillion.
Exports were down 1.77 per cent in India, 5.80 per cent in Taiwan and 0.84 per cent in South Korea.

CMO links with Thoth Media
CMO has joined with Thoth Media to expand its event-organising business to online marketing for international and local clients.
CEO Sermkhun Kunawong said yesterday that his company had acquired 35 per cent of Thoth Media, which offers online marketing, live streaming and mobile application services.
By year-end, the company expects to receive between Bt12 million and Bt15 million.
It also aims to generate Bt30 million in revenue. – The Nation

 Correction

A report headlined “Mitsui forced to alter its risk model”, which was published in The Nation’s business section on August 24, contained some errors. In fact, Mitsui Sumitomo Insurance was flooded with claims of Bt170 billion

PTTEP Oman project gears up

PTTEP Oman Co is ready to ramp up crude-oil production, which will boost the Oman 44 Project’s overall production of crude oil and condensate from 1,500 barrels per day to about 5,000bpd next month, Tevin Vongvanich, president and chief executive officer of PTT Exploration and Production Plc, said yesterday.
The increase is the result of a successful drilling campaign of seven development and appraisal wells since last year.
Crude-oil production of about 2,500bpd from the Munhamir field will start this month.
A crude-oil discovery at Shams-E South will add 1,000bpd next month.
These two successes will also take natural-gas production to about 50 million standard cubic feet per day. – The Nation