OPERATOR OF THAI AIRASIA IN THE DARK ON KING POWER MOVE
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Asia Aviation, operator of low-cost airline Thai AirAsia, has told the Stock Exchange of Thailand in a statement that it has not received any information on a press report concerning King Power Group’s acquisition of Asia Aviation shares.
The statement was issued by Pattra Boosarawongse, chief financial officer of Asia Aviation.
King Power is Thailand’s largest duty-free-shop operator.
PTT FIGHTS RULING
ON DAMAGES, FIRM ON
CANCELLING RPCG DEAL
PTT insists it will terminate its contract with RPCG, while going ahead with its plan to ask a court to cancel the first ruling of an arbitration committee.
Late last month, the arbitration committee ruled that PTT, which cancelled its contract to purchase raw materials from RPCG, a petroleum company formerly known as Rayong Purifier, must pay the latter for damages from February 1, 2012, to March 25 this year for a total of Bt1.56 billion plus interest of 7.5 per cent per annum.
Earlier, RPCG requested compensation of Bt29 billion.
Supote Laosu-arpa, assistant president for legal affairs of PTT, explained that PTT disagreed with the arbitration committee’s final ruling, which may have strayed from the facts and laws relevant to the matter.
As well, the arbitration committee’s ruling was not unanimous.
He said PTT would petition a court to cancel the ruling before the deadline.
It is in the process of coordinating this with the Office of the Attorney-General.
PTT has also entered a dispute with RPCG in one more case, requesting an outstanding payment of about Bt2 billion.
That case is being reviewed by the arbitration committee.
NEW PEAK POWER
DEMAND RECORDED
ON WEDNESDAY NIGHT
Thailand recorded a new peak power demand of 27,639.3 megawatts at 8.21pm on Wednesday, according to the Electricity Generating Authority of Thailand.
The peak demand occurred on a holiday and at night, chiefly because of hot weather that reached 31.1 degrees Celsius, Egat said in a statement.
It beat the previous record made last summer, 27,345.8MW.
“Nevertheless, more records are expected this year.
“The highest usually occur during an afternoon of a normal working day,” it said.
