BIDDING FOR DUAL TRACK RAILROAD NEXT MONTH
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Transport Minister Arkhom Termpittayapaisith said yesterday that the ministry would open bidding for the Bt17.25-billion Prachuap Khiri Khan-Chumphon dual-track railroad early next month.
The project was already approved by the Cabinet and would be submitted to Deputy Prime Minister Somkid Jatusripitak for consideration of the bidding’s terms of reference.
The ministry would also propose three dual-track rail routes to the Cabinet meeting this month for consideration.
They are the 132-kilometre Map Kabao-Jira route worth Bt29.67 billion, 165km Nakhon Phrathom-Hua Hin route worth Bt20.15 billion and 148km Lop Buri-Paknampho route worth Bt24.94 billion.
These three routes were already endorsed by the National Social and Economic Development Board.
The 90km Hua Hin-Prachuap Khiri Khan dual-track project worth Bt10.3 billion would seek Cabinet approval next year, he added.
SCB AIMS FOR 2016
LOAN GROWTH OF 4%
Siam Commercial Bank Plc, the country’s third-largest lender by assets, expects 4-per-cent growth in loans this year, which should help boost revenue and profit to slightly higher than last year.
The forecast assumes the economy will grow 3 per cent this year, and loan demand is mainly driven by business, Arthid Nanthawithaya, chief executive officer, told reporters yesterday.
In the first half of the year, the bank’s net profit dipped 11 per cent on year to Bt23 billion, but its operating profit rose 2.3 per cent with loan growth of 1.5 per cent.
The bank would focus more on Chinese investors that are keen on Thailand.
It aims to provide one-year bridge loans of Bt5 billion to Chinese customers for buying land in three industrial estates in Thailand over three years.
The industrial parks belong to WHA Corp, Rojana Industrial Park and Amata Corp.
So far, the bank has provided loans of Bt15 billion to Chinese investors for doing business in Thailand, he said. – Reuters
SCG NAMES NEW BUILDING MATERIAL BOSS
Siam Cement’s board of directors has approved the appointment of Aree Chawalitchevinkul as president of the Cement-Building Materials business starting next year.
Aree, currently vice president of regional business for Cement-Building Materials, will succeed Pichit Maipoom, who retires at year-end.
‘AQUARIUS’ LAUNCHES
SUPER WOW PROMOTION
Aquarius, a beverage in the new enhanced hydration category from Coca-Cola (Thailand), will run a lucky draw called “90 Days 90 Prizes” from September-November.
The brand is inviting consumers to join the fun for a chance to win super exclusive prizes worth over Bt38.5 million in total.
