BOI deputy secretary-general Hirunya Suchinai said the project would cost Bt65 million.

She said Oogonium would use its centre here as a base from which to expand further throughout Southeast Asia.

PWO to get new chief in September

The Public Warehouse Organisation (PWO) will appoint its new president next month.

Yanyong Phuangrach, deputy permanent secretary of the Commerce Ministry, said the successful candidate would have a good track record in management, but not with an agricultural company, so as to prevent any conflicts of interest.

Seven candidates have applied for the post, most of which have expertise in agricultural trading and logistic business.

They are: Jullaphan Nonsrichai, former vice president of the PWO; Pisut Chalakornkul, former managing director of Lenso Paging; Wirat Thuenyuenyong, former candidate of the House of Representatives; Sommart Meesilp, former director of Kurasapa Business Organisation; and three businessmen from differing backgrounds - Dejcharast Charnvirat, Jeerawat Krongkaew and Than-eak Chaiyathawat.

The PWO's former president was discharged in May after being found guilty of misusing his authority.

TMB to offer 3.22-bn capital shares

TMB Bank is to offer 3.22 billion capital-increase shares to existing shareholders at a price of Bt3 per share between August 21 and 25. Shareholders will be entitled to apply for one new share for every 4.75 shares already held.

"We expect existing shareholders to fully exercise their rights," the bank's president Subhak Siwaraksa said in a statement.

In case that there are shares leftover from the rights offering, they will be sold to specific investors through private placement.

"The recapitalisation is essential for the bank's stability and creditability, Subhak said.

"Following the capital increase, the bank's capital adequacy ratio will be 12 per cent of risk-weighted assets and the first tier capital will be 8.5 per cent - the same level as the leading banks," he said.

Loft launches its new Z Bone range

Loft, situated on the third floor of Siam Discovery Centre has launched "Z Bone", its new line featuring a skull and skeleton design and a black-and-white colour scheme.

Veerachai Siriatt, Managing Director of BIHC Trading Co Ltd, said Z Bone range comprises 70 per cent clothing and accessories, 20 per cent gifts and toys, and the remainder home decor products.

The products have a rock and hip-hop style, which is very popular among teenagers, he said, and should appeal to the store's target audience of consumers aged 13 and 40.