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Wed, March 8, 2006 : Last updated 16:22 pm (Thai local time)



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Street WISE

Advanced Info Service : Yingluck throws in towel March 1

Yingluck Shinawatra has officially resigned as Advanced Info Service Plc’s president, effective from March 1, according to the company’s filing to the Stock Exchange of Thailand.

It was reported earlier that Yingluck is expected to become the executive chairman of SC Asset Corp Plc, a listed property arm of the Shinawatra family.

Royal Flora: Event a big draw

About 1.8 million visitors are expected for Royal Flora Ratchaphruek 2006, where they should generate Bt1.8 billion during the three-month event from November 1, 2006 to January 31, 2007 in Chiang Mai.

 Project construction is now 45 per cent complete. Twenty-six countries have committed to show floral plants at the 450-rai site. Local exhibitors include Charoen Pokphand Group, PTT Plc and Shin Corp.

Preecha Sananvatananont, president of organiser Reed Tradex, said that since Chiang Mai has only 14,000 rooms, the company was discussing with apartment building owners to provide extra rooms. The company is also working with the Chiang Mai Hotels Association and the Chiang Mai Chamber of Commerce to prepare accommodations and packages.

Money Expo: Confab in Korat

The Stock Exchange of Thailand and its subsidiaries are taking part in “Money Expo” in Nakhon Ratchasima this weekend, from yesterday through tomorrow at the Korat Mall.

Seventeen securities companies have opened branches in the province. In 2005, the northeastern region generated Bt127.57 million in trading turnover, and Nakorn Ratchasima was the most active province. with an annual turnover of Bt39.07 million.








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