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Applications invited for secretary-general post
The Securities and Exchange Commission will start accepting applications for its secretary-general post next month.
Appointed to the post in October 2011, incumbent chief Vorapol Socatiyanurak is about to complete his four-year term.
The SEC Office said in a statement that the selection would be based on the applicant’s knowledge and expertise in the capital market, other related experiences that would be beneficial to the position as well as good governance and ethical behaviour.
Those interested can submit an application along with supplementary documents from January 5-23 at the SEC office. The SEC board will select two candidates and propose them to the finance minister for consideration. The minister will then recommend to the Cabinet the most appropriate candidate.
Risk to credit metrics
Fitch Ratings says in a new report that low oil prices and high capex will weaken credit metrics for rated oil and gas companies in Southeast Asia, but the agency expects ratings to remain stable in 2015.
Southeast Asian oil companies continue to require high capex to maintain and increase their upstream and mid-stream production capacities. Low oil prices will reduce their net operating cash generation in 2015, at a time when the capex flexibility of these operators is somewhat limited.
Energy-price reforms to date in Indonesia, Malaysia and Thailand have been generally neutral to marginally positive for the standalone credit profiles of rated state-linked issuers in these countries, although some uncertainties remain with regard to Thailand’s energy sector reforms.
