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Aug 26. 2014
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By The Nation

Five-year plan for Thai Airways

Thai Airways International has outlined a five-year rehabilitation plan.

Under the 2014-2018 plan, the airline will seek an investment fund totalling Bt46.2 billion. The money will be used for 37 ordered aircraft scheduled to delivered in the next three years, 13 purchased and 15 leased.

Moreover, the company will source spare parts and engines, refurbish the seats on six Airbus A340-600 and three A330-300s, undertake major maintenance work, and make other investments.

Despite its revival plans, THAI is expected to lose Bt12 billion this year. It hopes to turn to a slight profit of Bt11 million in 2015.

CAT president to quit

CAT Telecom president Kitisak Sriprasert tendered his resignation yesterday but the agency’s board has yet to approve it.

Kitisak acknowledged he had made the submission but declined to elaborate.

Both TOT and CAT have to resubmit their rehabilitation plans to the State Enterprise Policy Commission, better known as the “superboard”.

dividends pass Bt97 bn

As of August 22, 119 listed companies had announced that they would pay interim dividends from their first-half financial results totalling Bt97.38 billion, Stock Exchange of Thailand senior vice president Paveena Sriphothong said.

“We believe that when all of the listed companies announce their interim dividends by next month for the first half, it will be higher than the total for [the same period of] 2013, which was Bt130 billion,” she said.

Central challenge

Top Central Group executives Suthitham Chirathivat, Yuwadee Chirathivat and Tos Chirathivas took on the Ice Bucket Challenge on Monday at the grass field in front of the Freddie Horse, Central Embassy, with a donation of Bt1 million to 10 local foundations.

Tos has also challenged Pana Janviroj of The Nation for the Ice Bucket Challenge.

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