Economy May 31, 2014 00:00

By The Nation

2,930 Viewed

SEC seeks public input on ad rules

The Securities and Exchange Commission EC is seeking public comment on the revision of rules governing advertisements of all capital market products for more clarity and practicality. The revisions also address development of new products with more complexity requiring  additional criteria, such as the  structure of return on investment and warning of complex features and significant specific risks associated with the products.
The consultation paper is available on 
Chua to run Blink Design Group 
Singaporean design prodigy Christopher Chua will take charge of four offices spanning four countries and be responsible for a 120-strong team when his promotion to managing director of Blink Design Group takes effect this month.  Blink’s head office remains in Bangkok, but Chua will manage operations from the firm’s fast-growing Singapore studio, including client service and business development hubs in New Delhi and Shanghai. 
Chua’s experience, enthusiasm and inspired design are the right combination to take Blink forward.  Blink was founded in Bangkok eight years ago by Clint Nagata, who remains in overall charge as senior creative director, but Chua will be very much on the front lines in managing the company.
Soccer skills to the fore 
Members of Ikea’s Smales children’s club can showcase their soccer skills at the store from June 13-15. 
To celebrate FIFA World Cup 2014, a small indoor pitch will be set up outside the Smaland area, near the store entrance, for junior players to learn, and demonstrate, their attacking moves.
They will test their dribbling as well as their passing and shooting skills. The winners will receive prizes.
The activity is suitable for all children aged 4-12. Members should bring along their passport to play the game. Non- members can sign up on the day to play. They will also receive a Smales passport, which enables them to enjoy various privileges.
Rakuten opens Tokyo store 
Rakuten yesterday opened  the doors to its flagship, Kashiwa Sato-designed Rakuten Cafe in Tokyo. 
The new venture in the chic Shibuya area offers customers a menu featuring some of the most popular desserts and snacks from Rakuten Ichiba. Patrons can experience a variety of Rakuten services.
Rakuten Cafe is an offline extension of Rakuten’s expansive suite of Internet services. Besides serving menu items influenced by Rakuten Ichiba, Rakuten Cafe will offer information to the public on a wide range of subjects. 
Rice bridge loan auction 
The Finance Ministry will hold only one loan auction to raise money to pay rice-pledging debts to farmers, instead of the two-phase bid originally planned. 
     Bidding for the full Bt50-billion bridge-loan programme now will be held on Tuesday. Originally there were to be two auctions, one on June 6 for Bt30 billion and the other on June 13 for the remaining Bt20 billion. 
The Public Debt Management Office (PDMO) will consult with the financial institutions participating in the auction on delivery of the entire Bt50 billion by June 6. Once the loans are in place, the Bank for Agriculture and Agricultural Cooperatives (BAAC) will be able to pay off farmers owed for their pledged rice more quickly, PDMO director-general Chularat Suteethorn said. The settling of overdue rice-pledging payments with the farmers is a priority of the National Council for Peace and Order. 
‘Must carry’ info sought 
The Administrative Court yesterday asked the National Broadcasting and Telecommunications Commission to provide more information next Friday regarding its “must carry” rules, which Bangkok Entertainment is fighting.
Natee Sukolrat, chairman of the NBTC’s broadcasting committee, declined to give more information as requested by court after completing his testimony yesterday. He said the 24 operators of digital free-TV channels should be interpleaders in this case, as it would affect them all.
Bangkok Entertainment, the operator of Channel 3, on May 23 petitioned the Administrative Court for protection from the NBTC’s must-carry rules that forbade broadcast of its analog programming on pay-TV platforms after May 25.
The broadcasting committee on Wednesday extended that deadline by 100 days.
Elite Card target down
Thailand Privilege Card Co’s board has approved reducing the Elite Card membership target from 1,300 to only 300 after demand dropped amid the country’s political chaos.
In the first four months of this year, the company managed to gain only 25 new Elite Card members.

Most view