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The Treasury Department plans to start development of a prime site owned by the State Railway of Thailand in Bangkok’s Makkasan area in the middle of next year after securing a lease for the land in January or February.

The Cabinet assigned the department to develop land owned by the SRT in exchange for assuming the SRT’s Bt60 billion in debts.

Chakkrit Parapuntakul, director-general of the department, said yesterday that the department will try to have the fastest survey for quick area development, as that means investment from the private sector will flow into the economic system.

Trust in Jasmine rice

Commerce Minister Apiradi Tantraporn said yesterday that the order from Singapore helped ensure that Singaporean consumers were still confident in the good quality of Thai jasmine rice.

It is expected to import more rice from Thailand as Singapore is one of the major jasmine rice consumption markets.

Singaporean buyers are also interested in importing 2,000 more tonnes of sticky rice from Thailand.

CPF reports Q3 profit

Charoen Pokphand Foods logged a Bt3.57-billion third-quarter net profit, thanks to the recovery in its shrimp business.

Adirek Sripratak, president and chief executive officer of CPF, said yesterday that CPF’s sales reached Bt111.88 billion in the third quarter, of which 67 per cent came from overseas operations and exports and 33 per cent from the domestic market.

The company is continuing its focus on expanding in high-potential countries, including India, the Philippines, Russia and Vietnam, and on making acquisitions.