PPP Gross Cost investment model ‘best for motorway projects’

The meeting was held to prepare for today’s meeting of the Private Public Partnership Policy Committee. The committee is to consider the two projects. 

According to the Highways Department, the PPP Gross Cost model would allow private investors to invest in and operate projects under government ownership. Private investors would be granted concessions for operation and maintenance of the project for 30 years. 

 

Policy rate stays at 1.50%

 

The Bank of Thailand’s Monetary Policy Committee yesterday unanimously voted to maintain the benchmark interest rate at 1.50 per cent, MPC secretary Jaturong Jantarangs said.

The committee sees the need to preserve the policy because the country’s economy will continue facing greater uncertainties ahead, particularly due to the fragile global economy. 

The MPC wants the monetary policy to remain accommodative and is ready to use a mix of available policy tools to ensure that monetary conditions are conducive to economic recovery while ensuring financial stability. 

 

CPAC acquires SLSN

 

Siam Cement subsidiary Concrete Products and Aggregate Company (CPAC) has acquired a 100-per-cent stake in Silasanon Co (SLSN).

SLSN has an approximate enterprise value of Bt1.161 billion. It is a producer of aggregates, an important element of the ready-mixed-concrete supply chain, with facilities in Saraburi. 

 

Vibhavadi board approves acquisition

 

Vibhavadi Medical Centre’s board yesterday resolved to acquire 28.57 per cent of the total issued and paid-up capital of Bangpo General Hospital Co for Bt300 million. The transaction will be complete by next month and the payment will be made in cash. 

The medical centre’s shares closed at Bt2.76 yesterday, up 3.76 per cent.

 

Cafe Amazon goes to Japan

 

PTT yesterday granted a Cafe Amazon franchise deal to Codomo Energy Co to open the first Cafe Amazon in Fukushima prefecture, Japan.

 

New rates for TV licence fees

 

The National Broadcasting and Telecommunications Commission yesterday approved new rates for annual TV broadcasting licence fees. 

The new rates will still be a percentage of the gross revenue, but now will be on a progressive scale. The percentage will be 0.5 per cent for firms earning up to Bt5 million, and 0.75 per cent for firms with revenue of between Bt5 million and Bt50 million. Firms earning between Bt50 million pay 1 per cent, between Bt500 million and Bt1 billion pay 1.35 per cent and those with revenue above Bt1 billion pay 2 per cent. 

The present rate is a fixed 2 per cent of gross revenue.