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Published on August 15, 2007

"These people cannot borrow from financial institutions," Deputy Prime Minister and Social Development and Human Security Minister Paiboon Wattanasiritham said yesterday.

GMM 8866 sale

GMM Grammy's board has decided to sell the firm's entire stake in GMM 8866 to Taiwanese investor Liu Hsiao-Wei for Bt1 million.

GMM Grammy's wholly owned subsidiary Grammy and Global Music and Media held 100 per cent in GMM 8866, which is the producer and distributor of music products and videotapes in Taiwan.

The board also approved an interim dividend of Bt0.13 per share for first-half performance.

Longan push

The Agriculture Ministry yesterday kicked off a longan campaign, expecting to increase domestic consumption this year to 150,000 tonnes from an original target of 100,000 tonnes.

Agriculture Minister Thira Sutabutra said that about 4,000 tonnes of longan were expected to flood the market daily this month and next.

Thira said that this year, the supply of longan would be about 500,000 tonnes: 120,000 tonnes for export, 100,000 tonnes for the local market, the rest for drying.

He said domestic consumption was expected to rise to 150,000 tonnes, while exports should increase to 150,000 tonnes.