Fuel tariff likely to drop

The FT factor for the period would drop from 68.86 satang per unit to 62.86. With the base power rate of Bt2.25 per unit, the public would need to pay Bt2.87 per unit. The proposed FT will be submitted to the Energy Regulatory Commission for approval.

People can voice their opinions on the new FT at www.eppo.go.th. The regulator will finalise the rate next Friday.

Liechtenstein bank

VP Bank Group, a private bank based in Liechtenstein, plans to make Singapore a hub for its Asian operations.

The Straits Times yesterday quoted Singapore managing director Reto Isenring as saying that Singapore was chosen because of its "business-friendly government and an attractive tax environment, a skilled workforce" and excellent infrastructure.

The bank plans to increase its staff strength in the city-state from 12 to 26 in 12 months and is aiming to manage US$5 billion (Bt165 billion) worth of assets in Asia within five years.

Steel ban may go

Deputy Prime Minister and Industry Minister Suwit Khunkitti has ordered Thailand Industrial Standards to consider lifting steel-import bans to ensure sufficient supply and ease price increases. He said  local steel producers expected no negative impact from scrapping the ban.