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Published on November 13, 2007

Last week, he said the Oil Fund would review whether the contribution must be cut again to delay a hike in domestic retail fuel prices. The contribution for all fuel products except supreme petrol was cut on November 5 by 40 satang a litre.

Earlier yesterday, Energy Policy and Planning Office director-general Viraphol Jirapraditkul said the cut depended mainly on the movement of Singapore's oil prices.

PTT announced yesterday that prices of all fuel products in Singapore dropped US$1 (Bt33.90) per barrel in the morning, although staying above $100 a barrel.

More natural gas expected in 2008

More than 800 million cubic feet of natural gas will flow into the system next March, sufficient for rising demand, says PTT senior executive vice president Chitrapongse Kwangsukstith.

He said additional supply of 100 million cubic feet per day would come from the Arthit Field in the Gulf of Thailand, which would be available late next February. At full capacity, 330 million cubic feet per day would come from the field.

About 400 million cubic feet per day from the Joint Development Area (JDA) will also be supplied next March. While 100 million cubic feet will be supplied to the Songkhla power plant, the rest will be sent to power and industrial plants in Rayong.

True sees growth in multiple services

True Corp expects its "convergent services" to generate company growth of 3-4 per cent next year, said CEO Supachai Chearavanont.

True is a broadband Internet and cellular service provider, pay-television operator and wireless-payment service. It also owns trendy True Coffee shops, where customers can pay bills and surf the Internet.

Telephone-service provider True Move has more than 9 million subscribers, while True Internet has almost 600,000. Almost 570,000 people watch True Visions television.

As of the second quarter, 1.2 million households were using two or more of the group's services. It reported a second-quarter net loss of Bt690 million, compared with a net profit of Bt478 million in the first quarter.

Condos rise by 67 per cent from 2006

Property developer and agency Aquarius Estate expects 106 condominium projects for 51,810 units this year, up 67 per cent from last year.

The price per square metre will also show an increase to Bt63,000, from Bt55,070 before. On Sukhumvit Road, starting in Phra Khanong, more than 21 projects totalling 5,936 units have been launched.

CEO Yongyuth Chaipromprasith said medium-cost condos would face a heavy fight for market share next year.

The Nation