SEC's selection panel to get a make-over

Now is the time to overhaul the entire committee, because it is short one member, Korn said yesterday.

   Other members of the committee are Stock Exchange of Thailand chairman Pakorn Malakul Na Ayudhya, Somchainuk Engtrakul, Chaiyawat Wibulswasdi and Viroj Nualkhair.

   Former finance minister Suchart Thadathamrongvech resigned from the post after ex-premier Somchai Wongsawat was removed from office by the Constitution Court early last month.

CAT president quits

CAT Telecom president Phisal Jorphochaudom tendered his resignation to the company's board yesterday.

   It was approved by the board and took effect immediately.

   Phisal reportedly cited health problems plus concerns about a possible conflict of interest. He had been director of Asean Telecom Holdings, 14-per-cent owned by CAT, before assuming CAT's top job but did not inform the board about that until afterwards.

Firms for baht bonds

Six international financial institutions will be allowed to issue a combined Bt24-billion worth of baht bonds in the first half of the year, says the Public Debt Management Office.

   They can issue no more than Bt4 billion each.

   The international issuers are Agence Francaise de Developpement, the International Bank for Reconstruction and Development, International Finance, Kommunalbanken Norway, Nordic Investment Bank and Swedish Export Credit.

Tesco Lotus festival

Tesco Lotus has kicked off its "Royal Projects Festival" to underscore that the company buys more than Bt50 million baht worth of fresh produce from the royal projects annually, representing 31 per cent of their output.

   Chairman Sunthorn Arunanondchai said next year the purchase volume would increase to Bt120 million.

  He said the projects helped farmers and provided Tesco Lotus customers with quality farm produce at a reasonable price.

Citation X delivery

MJets, a private-jet company under the Minor umbrella, is set to expand its fleet with the delivery of a Citation X next month.

   Nishita Shah, an MJets director, said the Citation X was the world's fastest non-military jet and could fly eight passengers between Bangkok and Dubai in less than six hours.

   MJets offers private flights to destinations in Thailand and throughout Asia.