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Ministry to sell 17.8m tonnes of rice over two-year period
The Commerce Ministry aims to sell 17.8 million tonnes of rice from the government’s inventory over the next two years, permanent secretary Chutima Bunyaprapha-sara said yesterday after a meeting of the rice release subcommittee.
Of that total, 10 million tonnes will be sold this year. A couple of rice auctions will be held between this month and March.
The ministry will ask the Rice Policy and Management Committee to approve the release of 1 million tonnes of rice this month.
fitch eyes increase in earnings for PTT gas
Fitch Ratings says the price increase of liquefied petroleum gas (LPG) ex-gas separation plant and of the retail price of natural gas for vehicles will improve the earnings of PTT’s gas business.
In addition, the change in the formula for the LPG ex-refinery price to bring it more in line with market prices should benefit Thailand’s oil refiners, it said.
office expects energy groups to be ‘Stars’
The State Enterprise Policy Office expects the energy |and transport groups to be stars in the state sector this year, |given their operational improvements and project investments.
However, Sepo director-general Kulit Sombatsiri warned that the movements of global oil prices might affect profits and needed close monitoring.
He said the transport group, particularly the State Railway of Thailand, would likely see improvements in its performance this year due to its operational upgrades and investments.
According to Sepo, for the first two months of this fiscal year (October and November 2014), state enterprises and business operations in which the Finance Ministry held less than 50-per-cent stakes delivered revenue of Bt42.1 billion, about Bt13 billion higher than the target.
