Quick news
Play
PTTEP opens base in Ranong to support exploration, production in Andaman Sea
PTT Exploration and Production has opened a petroleum-development support base in Ranong to enhance exploration and production activities in the Andaman Sea and the Gulf of Mataban in Myanmar.
The Ranong support base will improve operating efficiency and maximise time and cost savings, and play an important role in stabilising Thailand’s economy and energy.
The base was established to provide support to E&P activities in the Andaman Sea and the Gulf of Mataban, consisting of the Zawtika, Myanmar M3, Myanmar M11 projects and other joint venture projects such as Yadana and Yetagun.
Besides enhancing E&P activities, the Ranong base, as PTTEP’s new support base after the one in Songkhla, will also improve logistics efficiency and maximise time and cost savings.
The base also plays an important role in stabilising the economy and energy, providing career opportunities for local communities and stimulating local businesses such as hotels, restaurants and shops, the company says.
Pace sells out 600 million IPO shares ahead of Wednesday debut
Pace Development Corporation has sold out 600 million new shares from an initial public offering, thanks to investors’ confidence in its strong fundamentals and the real estate industry’s promising prospects.
Underwriters and advisers believe Pace’s IPO price, at Bt3.50 per share, is appropriate and the stock, which debuts next Wednesday, is likely to offer attractive gains to investors.
Thai Churos looks abroad, eyes MSG sales of Bt1.32 bn this year
Thai Churos has targeted sales of monosodium glutamate to grow 10 per cent to Bt1.32 billion this year, of which Bt600 million was achieved in the first half.
General manager Charnchai Aroonsombat said yesterday that the company looked to expand its export-market base. It will focus more on regional markets, especially Cambodia, Laos, Myanmar and Vietnam, which have shown signs of economic growth. Of its sales, 85 per cent were contributed by the local market and the rest were from overseas.
The local MSG market is estimated to grow 2-3 per cent to Bt10 billion this year, of which B6.5 billion will be from the household market and the rest from the industrial and restaurant market.
SCG seeks to buy foreign firms’ innovations
Siam Cement Group is in talks to buy into Japanese and European firms that own innovations in cement, chemical and paper products so that it can add value to its own output. These three products are the company’s core businesses.
SCG president and chief executive Kan Trakulhoon said these companies owned strong technologies and were strong brands. However, the talks are unlikely to be concluded soon.
Report monitors female execs
More than 126 million female entrepreneurs were starting or running new businesses in 67 economies last year, according to the Global Entrepreneurship Monitor “2012 Women’s Report”, the most comprehensive research ever conducted about the entrepreneurial activity of women across the globe.
An estimated 48 million female entrepreneurs and 64 million established female business owners currently employ one or more people in their businesses. Still, the report found that much needed to be done.
Treasury rakes in Bt5.2 bn
The Treasury Department brought in Bt5.2 billion in revenue in the first three months of its 2013 fiscal year, ending June, which is Bt1.3 billion above the same period last year.
Director-general Narit Chaiyasutr said the increase was likely generated by special incomes such as the contract extension with Thailand Post and the contribution provided by Airports of Thailand.
