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The Securities and Exchange Commission will early next year launch infrastructure trust regulations recently approved by the Capital Market Supervisory Board, SEC secretary-general Vorapol Socatiyanurak said.

He added that the regulations would widen fund-raising channels for domestic and overseas infrastructure development. 

The minimum value of an infrastructure trust is set at Bt10 billion, providing further that if investing in two or more projects, the value of each project must be at least Bt3 billion.

 

 

Disbursement up in first month of fiscal 2015 

State budget disbursement in the first month of the 2015 fiscal year was Bt110 billion higher than that in the same month of the previous fiscal, according to the Comptroller-General’s Department. 

Manas Jamveha, director-general of the department, said the budget disbursement totalled Bt368 billion for the first month of this fiscal year ending October 31, 2014.

 

 

F&N eyes options for brewery in Myanmar 

Fraser and Neave, a subsidiary of Thai Beverage, is evaluating various options related to the management of Myanmar Brewery, maker of Myanmar Beer. Hong Peng Huang, F&N CEO of beer, said the US$246 million (Bt8.045 billion) offered to purchase F&N’s stake in Myanmar Brewery was unfair to the company and did not represent the real market value.

Huang said the company hoped to get the rights to manage Myanmar Brewery, which it had managed since 1995 when the joint venture was set up.

F&N recently lost a legal spat with its joint-venture partner in the brewery, Myanma Economic Holdings. MEHL revealed previously that an arbitration panel had ruled in its favour by affirming its rights under the JV deal to buy F&N’s 55-per-cent stake in Myanmar Brewery. 

The ruling declared that MEHL, which holds the other 45 per cent, was entitled to buy F&N’s shares in Myanmar Brewery at fair value as at a date close to April 24 of last year.

 

 

EC warns two political parties

The Election Commission has warned two political parties that have joined forces with Crown Tech Advance to distribute its AJ digital TV set-top boxes that this might breach election law. 

Thanit Sriprathet, deputy secretary-general of the commission, said yesterday that such activity could be in violation of election law, as political parties are not allowed to be involved with any business activities.  

 However, Crown Tech Advance, which has declined to reveal the names of the two major political parties in question, yesterday reported to the Stock Exchange of Thailand that its business activities did not offend any law, particularly those related to the Nation Broadcasting and Telecommunications Commission.  

NBTC secretary-general Takorn Tantasit called for the company to report the details of the deals with the two political parties today at his office.