briefs
Tax break for landowners affected by govt projects
The Cabinet has approved a tax exemption on compensation paid to landowners affected by public projects, Deputy Finance Minister Tanusak Lekuthai said yesterday.
Landowners who have been affected by water-works, electricity, transport and other projects and receive compensation from the government will not need to pay tax on such income after the Finance Ministry issues regulations in line with Cabinet’s resolution.
E-commerce website
The Business Development Department has launched the website www.dbdmart.com to promote participation in e-commerce to increase trading channels and prepare for Asean economic integration.
The department’s deputy director-general, Pikul Taksinwaracharn, said the website would encourage companies, particularly small and medium-sized enterprises, to join in e-commerce trading.
As trading will not always be face to face, the cyber-system should increase opportunities and help promote products overseas.
Interested enterprises can register on the website and sell their products online.
TrueVisions sponsorship goal
TrueVisions targets a 10-per-cent increase in sponsorship for the coming season of the English Premier League soccer championship, which will be screened in August.
Chief commercial officer Ongard Prapakamol said that last year the company saw a 10-per-cent surge in sponsorship to Bt176 million during the previous Premier League season. This came from six major sponsors, Coca-Cola, L’Oreal Men Expert, Sony, TrueMove H, Yamaha and Chang.
Ongard said the broadcaster anticipated good response from existing sponsors for the coming season of England’s top soccer matches. The company wants one or two new sponsors to boost revenue during the season by 10 per cent from last year.
Bangkok Dusit ups stake
Bangkok Dusit Medical Services has increased its stake in Bumrungrad Hospital by 6.05 per cent or 44.2 million shares, bringing its stake to 20.28 per cent, according to the company’s filing to the Stock Exchange of Thailand yesterday.
The company also said the aggregate value of the transaction was Bt2.23 billion and sources of funds for the transaction were internal cash flow and borrowing from financial institutions.
P&G prepares for AEC
Procter & Gamble, which celebrates its 25th anniversary in Thailand this year, is getting ready to cash in on business opportunities on the implementation of the Asean Economic Community in 2015, creating a single market of 600 million people.
Raul Falcon, managing director of P&G Thailand, said the Kingdom was a strategic market for the company in this region. Currently, P&G facilities at Wellgrow Indus-trial Estate produce hair-care and skincare products that are exported to more than 30 nations worldwide. The plant exports more than Bt25 billion worth of products annually.
Thailand is an important centre for its business in developing markets, which contributed 35 per cent of the company’s global sales in the last fiscal year, up from 27 per cent five years ago.
