Glow signs big energy contracts

The supply will come on stream between the middle of next year and early 2011 and will be part of the country's third petrochemical-development phase.

CEO Peter Termote said Glow was now an integral part of the third petrochemical-development phase. Revenue from all the contracts will amount to between Bt52 billion and Bt70 billion. - The Nation

Joint oil business benefits Thailand

Thailand is expected to make Bt116 billion in fiscal 2008 from petroleum operations in the Malaysian-Thailand Joint Development Area, up Bt9.8 billion from fiscal 2007, said Energy Minister Poonpirom Liptapanlop. Later this year, an extra 10,000 barrels per day of crude oil will come from the Yungthong and Bualuang fields in the Gulf of Thailand, helping reduce imports, she said. - The Nation

Firms gain from stock transactions

Live Inc, Bliss-Tel and International Engineering have been named as three listed companies in which stock-trading transactions have been more than double their outstanding portfolios. The Stock Exchange of Thailand (SET) said the first-quarter trading gains of these companies were also more than 5 per cent of their total asset value.

The SET quoted Live Inc's auditor as saying without the extra gains, the company would have shown losses for the quarter. Gains from the transactions accounted for 58 per cent of Live Inc's revenue. - The Nation

Financial advisers strike an alliance

Financial-advisory and consultancy firms MBMG International and RSM Advisory (Thailand) have entered into a joint strategic alliance in response to increasingly diversified client requirements.

"An increasing number of international companies and individual expats in Thailand are looking for a 'one-stop shop' with a full range of advisory and financial services," said MBMG International managing partner Paul Gambles.

MBMG International currently serves more than 7,500 clients in Thailand, including Boots Healthcare, Siam Ocean World, Unilever and WPP. RSM Advisory's clients here include Marks & Spencer, Harrow International School and Ford. - The Nation

UK manufacturers at ProPak show

The UK's Processing and Packaging Machinery Association, with support from UK Trade and Investment, has organised a group of British companies to exhibit at ProPak Asia 2008, being held from tomorrow at the Bangkok International Trade and Exhibition Centre.

The British manufacturers will show several new innovative processing and packaging products, including a metal-detection system. - The Nation

Foodland increases product prices 5%

Foodland Supermarket plans to increase the number of its house-brand food products, to serve customers, including a greater variety in its sausage products. Deputy managing director Sanguan Ternwiwat said economic conditions were making customers more careful in their shopping.

The company has also raised the price of its products 5 per cent, due to increases in the cost of raw materials and oil. - The Nation