PUBLIC PROCUREMENT

E-auction site deal agreed

Ten e-marketplace operators authorised; concern about war over fees
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IN BRIEF

US offers shrimp deal to avoid WTO

The US has said it will revise down or waive the continuous bond (C-bond) on Thai frozen shrimp if the Thai government agrees to withdraw its complaint of unfair trade practice with the World Trade Organisation (WTO).
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ACL Bank fires CEO Joti

ACL Bank has sacked its chief executive officer, Joti Bhokavanij, according to a filing with the Stock Exchange of Thailand.
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ATTA calls for airport inspections

The Association of Thai Travel Agents (ATTA) yesterday urged Airports of Thailand Plc to hold three inspection trips to Suvarnabhumi Airport for its members before full operations begin there next month.
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Golden Land out of the doldrums

Golden Land Property Devel-opment Plc swung back to a net profit of Bt60 million in the second quarter, having made a Bt45-million net loss in the same period last year.
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Election may drive a stock market rally, says Phatra

Phatra Securities has forecast that the Thai stock market could stage a limited rally on the back of the October 15 general election, based on experience of previous elections.
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STREET WISE

Duty-free boss knows his duty

At a recent polo match in Hua Hin, Britain's Prince William impressed Thai royalists by wearing an orange "We Love the King, Long Live the King" wristband.
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BOT has plan if the greenback plunges

The Bank of Thailand (BOT) has prepared a series of measures as a "contingent emergency plan" to stabilise the baht if the US dollar depreciates steeply because of the widening US current-account deficit.
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'Matichon' feels oil-price heat

Thai-language daily Matichon yesterday raised its cover price from Bt8 to Bt10 in a move that is likely to trigger a price-hike trend in the local newspaper industry.
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SLIM OIL MARGINS

Petronas unit seeks to diversify

Petronas (Retail) Thailand, the local unit of Malaysia's Petronas, has extended the break-even period for its US$100-million (Bt3.76 billion) investment in Thailand from six years to 10 years.
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Bt10 bn earmarked for Hemaraj estate

Industrial-estate developer Hemaraj Land and Development Plc plans to spend between Bt8 billion and Bt10 billion over the next five to 10 years to develop its latest industrial estate in Rayong province.
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LATE NEWS

Tariffs increased

Thailand's Department of Trade Negotiations will seek compensation from the European Union because the trading bloc has applied new tariff rules on chicken imports, a senior official said.
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NTC speeds up licensing procedure

In an effort to speed up the process of awarding licences the National Telecommunications Commission (NTC) will allow applicants to hire a consultant to examine their qualifications, instead of solely depending on the NTC itself.
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Sanyo 4D-Xventure set to make a splash at Siam Paragon

Australian aquarium operator Siam Ocean World has joined with Sanyo (Thailand), a manufacturer of hi-tech equipment, in investing US$40 million (Bt1.5 billion) in the Sanyo 4D-Xventure theatre, which opens today.
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Channel 3 believes children can raise its revenues

BEC World Plc, operator of Channel 3, plans to begin programming for children and sees it as a means of attracting more advertisers to a more varied audience.
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Asean 'should free up services more rapidly'

Asean members should accelerate the liberalisation of their services in a bid to strengthen business efficiency, according to officials taking part in a seminar yesterday.
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Govt urged to help increase local competitiveness

The government should help increase the number of efficient businesses in the local market and stop retail price controls in an effort to boost the competitiveness of Thai firms in the world market.
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TKS sees net profit leap 96% on year

TKS Technologies Plc, the country's leading printing and IT business, saw its first-half net profits sky-rocket 96 per cent year on year, thanks to events like the celebrations marking the 60th anniversary of His Majesty the King's accession to the throne.
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Grammy pushing karaoke

GMM Grammy Plc, the country's biggest music label, has acquired Music Pavillion Co as well as B&C Co as part of an aggressive expansion of its karaoke business.
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BETTER WAY (THAILAND)

Hoping to realise father's dream

Managing director wants Mistine brand recognised throughout Asia and beyond
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