Briefs

Kasikorn Asset Management expects the gold price in 2013 will be in the range of US$1,850-$1,900 per ounce, said Navin Intharasombat, first senior vice president.

The current price is volatile because investors are worried about the United States’ pending "fiscal cliff". Moreover, the price sagged by 5 per cent within one month as people sold gold for spending during the New Year festival, he said.

Navin said this volatility would be short-term, because the volume of gold exchange-traded funds was rising steadily, so the company believes gold remains an interesting investment that will generate healthy returns.

Kasikorn Asset Management plans to pay a dividend on its K-Gold, the country’s largest gold fund, at Bt0.20 per unit or a total of Bt300 million.

Bangchak solar subsidiaries

Bangchak Petroleum has established two new subsidiaries, Bangchak Solar Energy (Buri Ram 1) Co and Bangchak Solar Energy (Nakhon Ratchasima) Co. Both are held 100 per cent by the subsidiary Bangchak Solar Energy Co.

Buri Ram 1 has registered capital of Bt1 million. It is to operate a solar power plant in Nong Ki district.

Bangchak Solar Energy (Nakhon Ratchasima) has registered capital of Bt1 million, and is to operate a solar plant in Dan Khun Thot district.

Impact expects Bt350m revenue

Impact Exhibition Management Co, operator of Impact Muang Thong Thani, believes its full-year revenue will be Bt350 million, as 115 events have been booked for the last months of the year and into January, up 10 per cent from the same period of 2011.

Managing director Pual Kanjanapas said Impact Catering, which the company opened early this year, enjoyed positive feedback from both the private and public sectors, especially in the final months of 2012. – The Nation