Briefs

Following the successful roll-out of the Asean Trading Link, the chief executives of Asean stock exchanges yesterday announced the schedule for the “Invest Asean 2013” roadshow, which will promote and create greater awareness of the regional capital market.
The announcement was made at the 17th Asean exchanges CEOs’ meeting, hosted by Bursa Malaysia in Kota Kinabalu.
Organised in collaboration with local brokerage partners, next year’s roadshow underscores the collaborative effort and ongoing progress of Asean exchanges towards the development of the regional grouping’s capital market as a highly investable asset class, the bourse chiefs said.
 
Ch Karnchang inks Bt660m
construction deal in Laos
Ch Karnchang yesterday reported to the Stock Exchange of Thailand that it had signed a Bt660-million civil works contract for the Poodoo-Paklay road construction project with the Lao Public Works and Transport Ministry in Vientiane.
Construction is scheduled to take about 18 months.

Thaicom establishes
broadcasting subsidiary
Thaicom has set up a new unit, TC Broadcasting.
In a filing yesterday to the Stock Exchange of Thailand, the satellite service company said it would own 99.95 per cent of the subsidiary, which would be capitalised at Bt250,000.
The subsidiary will operate business related to broadcasting and telecommunication services.
 
BAY clears path for
new president, CEO
Bank of Ayudhya has won regulatory approval for the restructuring of its top management, which clears the way for the bank to welcome its new president and chief executive officer.
From January 1, Janice Rae Van Ekeren will take over as CEO, while Philip Tan Chen Chong, a director of the bank, will become president.
Both positions are currently held by Mark John Arnold, who is leaving the bank.
 
FBT sets sights on wider
Asean brand recognition
Football Thai Factory Sporting Goods (FBT), which celebrates its 60th anniversary this year, has set a vision for the next decade of becoming a leading Asean brand in the international market.
The company, which manufactures a wide range of sports equipment, such as balls, rackets, shoes, boxing equipment and sports clothing, will sponsor both regional and global sport events and institutions.
It recently signed a sponsorship deal with the World Muaythai Council and the International Federation of Muaythai Amateur.
FBT exports its sporting goods to five markets in the region: Singapore, the Philippines, Laos, Malaysia and Brunei, and will expand its sales significantly to cover all potential markets in the region.
The company also exports its products to the rest of Asia, the US and Europe. It sees the UK market in particular as having the potential for strong sales growth.

CORRECTION
The article headlined “India and Thailand ready for a big lift in East-West trade, seminar hears”, which appeared in The Nation’s Business Section yesterday, contained a factual error.
The article stated that Satish Sehgal is president of the Indian-Thai Chamber of Commerce, whereas in fact he is a former president of the organisation, which he headed from 2000 to 2003. Susheel Kumar Saraff has been president of the Indian-Thai Chamber of Commerce since March 2011.
We apologise for this error. – The Nation