RS to raise capital by Bt15 million

The plan will raise the company's registered capital to Bt20 million. It will also pave the way for Nopporn Watin, who has worked in the entertainment business for more than 20 years, to hold a 75-per-cent stake as a major shareholder in News Generation with the remainder owned by RS.

RS chief financial officer Darm Nana said the business strategy would also strengthen the company's operation in terms of financial capital and expansion. - The Nation

Yokohama Rubber sets up sales unit

Yokohama Rubber has recently established Yokohama Tyre Sales (Thailand) to begin operations next month. It is the company's fifth unit in Asia.

The subsidiary was set up with Bt200 million capital in response to rapid increases in Yokohama tyre sales in Thailand. - The Nation

Conrad hotel exec dies at 49

Ross Cunningham, Conrad Bangkok's director of sales and marketing, who worked for 15 years in various hotels in Thailand - The Sukhothai, Delta Grand and Montien - passed away at the age of 49.

Funeral services will be held at Holy Redeemer Church (Soi Ruamruedee) and the cremation is slated for tomorrow at Wat Makkasan. - The Nation

Thai company wins US award

Thailand's Orchid Slingshot is the second Asian company to receive a Citation Award from the American Society for Training and Development, for its consultancy services to Tipco Asphalt.

Orchid Slingshot managing director Apiwut Pimolsaengsuriya said the work took into account all stakeholders, involving them in the project with various tools for developing human resources. - The Nation