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Published on April 3, 2008

Seventeen of the airports were originally built for military use only, he said yesterday.

Chaisak said as commercial aviation demand was growing, the department had spent Bt12.5 billion from 1992 to 2004 to build facilities to accommodate private aircraft. "It is difficult to churn profits from these airports at present," he said. "The number of planes are few and fees are low."

The OAG report - leaked to the press on Tuesday - said the unprofitable operations cost the country Bt3 billion.  

CVD buys Day Poets

CVD Entertainment yesterday acquired magazine publisher Day Poets to expand its printing business.

The company told the Stock Exchange of Thailand its board approved an increase in registered capital from Bt324 million to Bt354 million by issuing 3 million ordinary shares.

It will allocate 2.88 million new shares to Day Poets' executives and use the capital to acquire 399,993 shares in Day Poets with 100 per cent of share capital, totalling Bt72 million. It will also pay Bt3 million to acquire the trademarks of Maya Channel, Tanhoon and Today Express newspapers under The Day Poets roof.

AIS's Bt4-bn issue

Advanced Info Service will offer debentures to the public this month worth about Bt4 billion with a minimum subscription of Bt100,000. The debentures have a five-year maturity and interest will be paid every three months.

The subscription period is expected to close at the end of April. 

Thai Polycons IPO

Thai Polycons will sell 100 million shares in its initial public offering, prior to listing with the Market for Alternative Investment in the second

quarter.

In a filing with the Securities and Exchange Commission, the contractor will raise capital to Bt400 million. The 100 million shares will be sold to raise funds for the purchase of additional equipment and for working capital.

The Nation