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Energy mission to Myanmar
Energy Minister Narongchai Akrasanee is scheduled to pay a visit to Myanmar on Friday to foster the countries’ bilateral relations and discuss possible collaboration in the energy field, said Asdakorn Limpiti, PTT Exploration and Production executive vice president for strategy and business development.
PTTEP, which has been investing in Myanmar for more than 25 years, currently has interests in 12 petroleum fields there, both on- and offshore, including Yadana, Yetagun and Zawtika.
Banpu wins appeal
The Appeal Court has dismissed a claim against Banpu made by the Nganthavee group over the Hongsa project, overturning a Civil Court judgement that Banpu pay the group Bt31 billion in compensation.
The Appeal Court ruled that Banpu had acted in good faith in developing the project both before and after entering the relevant contracts with the plaintiffs and that it never committed any fraudulent act.
The plaintiffs were, in fact, the ones that breached the relevant contracts, according to yesterday’s judgement.
On December 12, 2012, Banpu filed an appeal against the judgement of the Civil Court in the legal proceedings that Siva Nganthavee et al had filed against the company, its subsidiaries and its executives.
New Toshiba chairman
Toshiba Thailand Co has appointed Kanit Muangkrachang as its new chairwoman, replacing Kobkarn Wattanavrangkul, who has been appointed tourism and sports minister.
Phuket top among Chinese
According to statistics released recently by a leading travel website in China, the famous Thai beach resort of Phuket was the most searched-for location for this year’s Mid-Autumn Festival travel period from September 6-8.
Of the top 10 searched-for destinations, nine are in Asia. Phuket is followed by Seoul and Taipei. Bangkok also makes the list at seventh place.
Digital TV to drive JKN
JKN Global Media, a leading distributor of TV programmes, targets Bt1 billion in revenue next year after the overall digital-TV business is expected to improve., Andrew Suteestarpon, chief executive officer, said.
This year, revenue is forecast at Bt700 million before reaching Bt1 billion next year, he said.
KTC offering Bt-4 bn issue
Krungthai Card is offering up to Bt4 billion worth of debentures maturing in less than four years.
Rathian Srimongkol, president and chief executive officer of KTC, said yesterday that the average coupon rate was 4.30 per cent.
Myanmar in visa talks
Myanmar has started talks with other Asean countries to waive visa requirements for its nationals as well as other Asean residents.
Immigration and Population Minister Khin Yi said recently that under the Asean common visa scheme, Myanmar nationals would not need a visa to enter Asean’s other nine countries, and vice versa. He expects this to happen by next year.
“We are working with other Asean foreign ministers,” he said.
Myanmar has pacts with Cambodia, Indonesia, Laos, the Philippines and Vietnam for a 14-day free visa for tourists. However, if they want to extend their stay, the visa holders need to return to apply for an entry visa from another country.
– Myanmar Eleven
