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Published on March 7, 2008

CP All will soon deliver a business proposal to 7-Eleven headquarters in Japan to win a territorial licence to operate a convenience-store business in Vietnam, president Piyawat Titasattavorakul said yesterday.

   The company is conducting a feasibility study in Vietnam before making a decision, he added.

TUF upbeat on shrimp

Thai Union Frozen Products (TUF) is confident the US Commerce Department's preliminary determination of a 15.3-per-cent anti-dumping rate on the company's shrimp, which is now subject to 5.95 per cent, contains an error.

   It also expects a one-off limited impact from the anti-dumping rate on the estimated 7 per cent of its total sales that would be subject to the anti-dumping duty. The business contributed about 6 per cent of TUF's consolidated net profit last year, the company said in a statement.

True Fitness expands

True Fitness will spend Bt200 million to open its third Bangkok branch this year, CEO Patrick Wee said yesterday.

   The company plans to penetrate the upcountry market for the first time next year, planning two branches in Chon Buri worth a combined Bt600 million.

   Sales are projected to grow 5 per cent this year. Last year's net was Bt400 million and it targets to double its profit this year.

Foreigners confident

Continued foreign-investor confidence in the local economy helped the Export-Import Bank of Thailand sell out its five-year US$150-million (Bt4.73 billion) floating-rate notes.

   President Apichai Boontherawara yesterday said the issue was fully placed in no time, reflecting investor confidence in the bank and the economy amid uncertainties in the global financial market, as well as prevailing political and economic changes in Thailand. 

  

Projects for funding

The Foreign Trade Department has budgeted Bt39.5 million for seven projects designed for feed-mill operations, orange farming, medicine production, cattle-raising, a beef-eating campaign and freshwater-fish cultivation.

   The FTA Fund now has about Bt100 million to support other industries this year, director-general Apiradi Tantraporn said yesterday.

Big C grows bigger

Big C Supercentre's net profit rose 17.8 per cent last year, partially from the opening of five branches as well as the continuation of marketing activities.

It earned Bt2.5 billion on sales of Bt61.6 billion.

The Nation