Briefs

The Myanmar government yesterday again postponed a scheduled meeting between its President Thein Sein and Thai Prime Minister Yingluck Shina-watra because of local unrest.
The planned meeting has been postponed several times. The most recently scheduled date was December 17. The purpose of the meeting was to discuss the progress of the Dawei project in Myanmar.

Port project killed
US oil company Chevron has decided to scrap its plan build a deep-sea port and chemical storage site in Tha Sala district, Nakhon Si Thammarat province.
The company said in a statement that the cost of investment was too high and the facility was no longer expected to generate sufficient return.

TMB issues warning
TMB Analytics has warned credit cardholders to more cautious in their spending ahead of the New Year season.
Consumers are expected to spend more this month because of the high season, and many shopping malls are launching attractive promotions.
TMB expects spending per card will rise to Bt8,100 from Bt6,100 from the previous months, injecting Bt35 billion into the economy.

MAI listing
Beauty Community will start trading on the Market for Alternative Investment on Wednesday after selling Bt660 million worth of shares in an initial public offering.
Stock Exchange of Thailand executive vice president Chanitr Charnchainarong said Beauty would float 82.5 million new shares, of which 80 million were the IPO and 2.5 million would be sold to company executives and employees at Bt8 per share.
Phillip Securities (Thailand) is the financial adviser and lead underwriter.

China eyes rail
Lu Chun-fang, China’s vice minister of railways, yesterday met with Prime Minister Yingluck Shinawatra to express Beijing’s interest in the development of a transport network, including a high-speed train project, to strengthen economic links between Thailand and China. |– The Nation