IN BRIED
Foreign Business Act meet planned
Pramon Sutivong, chairman of the Commerce Ministry's Foreign Business Act Committee, has called the first meeting next week between ministry officials and private sector representatives to seek ideas for amendments to the law.
The main focus of the panel is to work for fair conditions to protect the Kingdom's benefits, he said yesterday. The committee will spend about two months finalising suggestions for the government's amendments to the act. Pramon said the meeting would cover the definition of "a foreigner" and clarify the business types under the country's protection list to strengthen foreign investors' confidence.
Registrations fall A total of 11,913 companies were registered in the third quarter, with combined registered capital of Bt34.64 billion, according to the Business Development Department. Compared with the figures for the same period last year, the number of newly registered companies dropped 11.55 per cent, deputy director-general Dusit Uchuponga-morn said yesterday. The department said 5,018 of the new companies had been registered in Bangkok. Most of the new companies are in the construction, real estate and advisory-service industries. In the same quarter, 4,054 companies were shut down, a year-on-year de-crease of 5.96 per cent. Most were in the construction, service and real-estate sectors.
Padaeng's Lao deal Padaeng Industry has signed a zinc exploration agreement with the Lao government, to cover a 800-square-kilometre area in Kasi district in Vientiane province. Padaeng will immediately start exploration after obtaining a licence from the Lao government, deputy managing director Vinij Ongnegnun said yesterday. The exploration will be staged over the next four years. Padaeng hopes this will lead to the successful development of economically attractive zinc resources in the area. - The Nation.
Floods hurt sales ICC International predicts that its 2006 sales will grow 15 per cent to Bt13.5 billion, lower than the Bt15-billion projection earlier this year, president Boonkiet Chokwatana said yesterday. Heavy flooding last month had a direct effect on the company's sales of consumer goods. However, an improved economic and political situation along with declining oil prices should provide a better environment for the future, he said.
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