Economy January 17, 2014 00:00

By The Nation

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31 companies pick up Green Line bid documents

As of Wednesday, the final day, 31 companies, both local and foreign, had picked up bid packages for the construction of the Bt30.28 billion Green Line’s Mor Chit-Saphan Mai-Khookhot section, according to the Mass Rapid Transit Authority.
The companies included China Railway No 3 Engineering Group, Posco Engineering & Construction, Posco Engineering, ETF, Alstom Transport, China Railway First Group, Daewoo Engineering & Construction, China Railway 23 Bureau Group, Daelim Industrial and Hyundai E&C. Among the Thai companies were the top three construction companies - Italian-Thai Development, Ch Karnchang and Sino-Thai Engineering and Construction.
Among the four contracts, 17 companies showed interest in the first one, 21 in the second, 23 in the third and 21 in the fourth. 
After bidding closes on April 11, the MRTA expects to sign contracts by October so that construction can commence in November.
High ratings for TUF   
TRIS Rating has affirmed the company and senior debenture ratings of Thai Union Frozen Products at “AA-” and has assigned a rating of “AA-” to TUF’s proposed issue of up to Bt8.25 billion in senior debentures. 
The outlook remains “stable”. 
The proceeds will be used for refinancing long-term debentures, working capital and capital expenditures. 
The ratings reflect TUF’s strong market position as one of the world’s leading tuna processors, the diversity of its products and markets, and its well-known brands in Europe and the United States.
Super yachts on show 
The Asia Superyacht Rendezvous was recently held in the waters off Kata with a array of sail and motor superyachts on display. 
Sun, sailing and socialising reigned throughout the event and sponsors Feadship and Boat International Media joined the organisers in thanking owners, captains, crew and invited guests from around the globe who attended the many social events and parties at host venue Kata Rocks, overlooking Kata Bay. 
Unemployment 0.7%, Labour Dept reports
As of December 15, 38.4 million people were employed and 273,700 (0.7 per cent) were unemployed, with 106,597 jobless people receiving social-security benefits, according to the Labour Department’s permanent secretary, Jirasak Sukhonthachart.  A total of 14.02 million people were employed in the agri-industrial sector. Another 24.38 million were working in the non-agricultural sector. There were 441,630 Thais working overseas as of September, 237,165 of them legally. 
Meanwhile, there were 1,211,104 foreigners legally employed in Thailand as of October, and 23,391 illegal workers. 
CentralWorld hours shortened
Central Pattana announced yesterday that its CentralWorld shopping complex would be opening from 10am to 8pm from today through Sunday, shorter than usual because of traffic problems caused the “Bangkok shutdown”.
Mono Technology in China JV
Mono Technology Hong Kong has reached a joint-venture agreement with China-based Yunnan Mono Technology Co, CEO Sang Do Lee reported to the Stock Exchange of Thailand.
The joint-venture company will locate in China with registered capital of US$8 million (Bt262 million), held 42 per cent by Mono Technology Hong Kong, 55 per cent by Yannan Mono Technology Co, and the remaining 3 per cent by Charkit Therdkiet. 
The joint-venture company will operate mobile value added service, Internet, publishing, TV, movie and music businesses.