Briefs
Fuel Pipeline Transportation ends rehabilitation
The Central Bankruptcy Court on Monday ordered the termination of the rehabilitation of Fuel Pipeline Transportation after its recovery from insolvency and its mobilisation of sufficient liquidity for future operation.
The court approved the company’s entering rehabilitation on February 10, 2012, and approved its rehabilitation plan on September 21. FPT, a subsidiary of Bangkok Aviation Fuel Services, had proceeded according to the rehabilitation plan and had fully accomplished the terms and conditions for the success of the rehabilitation.
Well abandoned
Salamander Energy has plugged and abandoned the G4/50-4 exploration well, targeting the Rayong prospect in the Kra Central sub-basin, Block G4/40, Gulf of Thailand.
The well encountered a 119-metre section of excellent-quality P20 Miocene sandstones.
However, after the completion of a logging and sampling programme, these sandstones were found to be water-wet.
Ericsson to acquire systems integrator TeleOSS Consulting
Ericsson is acquiring TeleOSS Consulting under a business-transfer agreement.
TeleOSS Consulting is a specialist in consulting and systems integration for operating support systems (OSS), based in Bangkok. The completion of the acquisition is subject to consultation and customary closing conditions and is expected to take place by the end of this quarter. The deal sees around 50 skilled, Thailand-based OSS systems integration professionals joining Ericsson.
TeleOSS Consulting delivers OSS-related solutions to telecom service providers, particularly in the areas of inventory and traffic management and software development. The acquisition complements Ericsson’s existing consulting and systems integration expertise in these fields and will strengthen the company’s customer relations and OSS transformation capabilities in Southeast Asia and Oceania.
“The acquisition of the entire business of TeleOSS Consulting will complement our capabilities in systems integration for OSS in Southeast Asia and Oceania, particularly in the areas of traffic and inventory management to offer a wide range of solutions to our customers,” said Paolo Colella, head of consulting and systems integration at Ericsson.
“This strategic investment is in line with our long-term ambition and commitment to strengthen our capabilities in the IT transformation area.”
IHG’s first hotel in Rayong
InterContinental Hotels Group, one of the world’s largest hotel companies, and Felicity Asset Co will develop Holiday Inn and Suites Rayong City Centre, the first IHG property in Rayong.
The 300-room property will be in the heart of Rayong’s city centre adjacent to the Laemtong Shopping Mall. It is conveniently located close to 10 major industrial parks including the Eastern Seaboard Industrial Park and Map Ta Phut Industrial Park.
Holiday Inn and Suites Rayong City Centre will be the first internationally branded hotel in Rayong’s city centre. It offers a combination of 240 guest rooms and 60 suites tailored to guests staying for longer periods.
Rayong is considered the industry hub of the country with strong infrastructure that provides plant and factory space to many global companies. The area has the highest GDP per capita in the Kingdom.
Holiday Inn and Suites Rayong City Centre joins the 16 existing IHG hotels in Thailand, which include nine Holiday Inn properties.
SET seeks more diverse investors
The Stock Exchange of Thailand has set its sights on drawing more investment from China, Japan, the Middle East and Scandinavia in an effort to reduce capital-flow volatility. Japan is the biggest foreign investor in Thailand in terms of foreign direct investment, but in the stock market it is ranked 10th, said SET executive Pakorn Peetathawatchai. The UK is now the biggest foreign investor in the stock market, followed by the US, the Netherlands and Hong Kong.
A diverse range of foreign funds would help reduce volatility, as foreign investors from different countries have different points of view, Pakorn said.
After roadshows to China, Japan and Scandinavia in the first half, the exchange plans roadshows in the United Arab Emirates, Kuwait and Qatar in September.
New 1 Card members
The 1 Card of Central Retail Corporation (CRC) yesterday announced that in the first half of this year it attracted over 200,000 new members, taking the total number of members to 4.2 million. It expects to reach 4.5 million members this year. About 70 per cent of the cardholders are active members.
Rawee Puapornpong, vice president for customer-relations management at CRC, revealed that The 1 Card is going into its eighth year as an important marketing tool in an era in which consumer behaviour changes all the time. The card’s main purpose is to benefit customers and expand partnerships to develop new technology such as point checking and point transfer to give members the most convenience.
Mall opens 2nd phase
The Promenada Resort Mall Chiang Mai this month officially opened its second phase, featuring the 3,000-square-metre Chi Chang multimedia experience store, which opened its doors for the first time.
Another strong retail name familiar to the people of Chiang Mai is Rimping, which will introduce its own “Rimping Beyond”-themed opening activities, with its location in Building A of Promenada set to open on Friday. It caps off a diverse and exciting tenant mix, which includes SF Cinema City, Uniqlo, Sports World, Kids@Play and many more shops and restaurants, some of which are making their Chiang Mai debuts, in the coming months.
ICT in CAT proposal
The Information and Communications Technology Ministry yesterday proposed to the National Broadcasting and Telecommunications Commission (NBTC) that CAT Telecom be assigned to take care of a combined 17 million customers of TrueMove and Digital Phone Co after their concessions end on September 15.
The NBTC will soon assign a party to handle this task for one year.
