Ethanol rises to Bt23 per litre
Oil companies and ethanol producers have agreed to set the ethanol price at Bt23 per litre, up from Bt19 under the old contracts, said Somchai Lohvisut, executive director of ethanol producer Thai Agro Energy Co Ltd.
The new price takes effect next month. - The Nation.
Egat employeesEgat Plc employees from the Mae Moh Power Plant in Lampang will arrive in Bangkok tomorrow to hear the Supreme Administrative Court's ruling on the company's initial public offering.
Somchoke Chanthong, deputy chief of Egat's labour union, said that by making the trip, the employees would better understand the decision. - The Nation.
Thai Petrochemical Industry Plc founder Prachai Leophairatana is facing another hurdle, after the Criminal Court yesterday agreed to a trial to prove whether he and his associates conspired to mislead others about future share prices of subsidiary TPI Polene Plc.
Besides Prachai, the other defendants are Chainarong Taepaisitphong, Stern Stuart (Thailand) Co Ltd and Chienchuang Kalayanamitr.
The hearing is scheduled for June 5. - The Nation.
CP cuts budget
Charoen Pokphand Foods Plc said yesterday it would cut its investment budget 50 per cent due to the political crisis.
President and CEO Adirek Sripratak said its previous investment budget was set at Bt6 billion this year. It is now Bt3 billion, with the remainder going to outsourcing manufacturing. - The Nation.