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NBTC asks court to drop CAT case
The National Broadcasting and Telecommunications Commission has asked the Central Administrative Court to drop the case brought by CAT Telecom against the now-defunct National Telecommunications Commission, which questioned the NTC’s authority to hold a licence auction for third-generation cellular service on the 2.1-gigahertz spectrum.
The NBTC wants to plug all possible legal loopholes that could throw off its own auction of the spectrum on October 16.
The NTC was ordered by the court to suspend all preparations for the auction in September 2010. CAT had cited the previous constitution in challenging the NTC’s licensing authority.
Arbitration allowed for THAI over loan
The Cabinet yesterday allowed Thai Airways International to use arbitration to settle a dispute over the loan agreement for payment for three Airbus A380-800 aircraft within the determined time, according to long-term asset-based financing.
Deputy government spokesman Pakdeeharn Himathongkham also said the Cabinet assigned the Finance and Transport ministries to issue certificates to European export credit agencies and ask the Council of State to be the consultant for long-term financing.
Hot Pot stock hits Bt3.80
Buffet restaurant operator Hot Pot’s stock closed yesterday at Bt3.80, up from its initial public offering price of Bt2.80 in its debut on the Market for Alternative Investment.
Its stock opened at Bt3.90 and peaked at Bt4 in intra-day trading.
Deputy CEO Sakuna Baicharoen said the company set its revenue target this year at 25-30 per cent higher than Bt1.47 billion last year. It opened 12 branches in the first half of this year and plans to keep the same pace in the second half. Its revenue-growth target for next year is 20-30 per cent.
Tesco Lotus, Maed launch ‘Baby Club’
Tesco Lotus has teamed up with Mead Johnson, a world leader in baby milk powder, to launch the Tesco Baby Club.
Tesco Lotus says the initiative is aimed at offering upgraded benefits and services for families with small children while reinforcing its commitment to enhancing a healthy lifestyle for Thais of all ages.
The two corporations will co-host a wide variety of child-development activities, from providing useful knowledge for pregnant mothers and mothers of young students and promoting child development and intelligence at Enfagrow booths to giving various special privileges for mothers and children.
Yupadee Srisilp, marketing director at Tesco Lotus, said yesterday that delivering the best shopping experience to customers was the company’s clear position. – The Nation
Indonesia, VN extend rice MoU
Indonesia and Vietnam agreed to extend a memorandum of understanding on rice trade until 2017, Indonesian Trade Minister Gita Wirjawan said in a press conference in Jakarta.
Vietnam will allocate as much as 1.5 million tonnes of rice a year for Indonesia, Wirjawan said today. Wirjawan and Vietnamese Minister of Industry and Trade Vu Huy Hoang signed the extension. – Bloomberg
