Economy June 06, 2014 00:00

By The Nation

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PTT assures transparency on gas deal with Qatar

PTT yesterday insisted on the transparency of its LNG deal with Qatar Liquefied Gas Co, which was considered a government-to-government contract.
In a statement, Pailin Chuchottaworn, president and CEO, rebutted The Telegraph’s report that Worawi Makudi, president of the Thailand Football Association, got involved in the deal to support the appointment of Mohamned Bin Hammam, chief of Qatari Football, as president of FIFA and Qatar’s selection as the FIFA World Cup 2022 host.
Pailin said the gas deal was in line with Thailand’s Power Development Plan and it was approved by the National Energy Policy Council and the Cabinet. The deal was signed in October 2012, two years after FIFA announced the host city for the 2022 event. 
“PTT, as a national energy company, would like to emphasise our role in ensuring energy security to Thailand as well as responsibility to society, community and environment,” he said.
Joint move for Vistasolar activities 
TPI All Seasons and Eastman Chemical Co entered into an agreement yesterday for the takeover of the Vistasolar activities. 
The transaction involves a transfer of Vistasolar licensed technology, machinery and market share. It is expected that encapsulant film production can be resumed by the end of this month to continue supplying the European customer basis. 
The acquisition can add production capacity of about 20,000 tonnes a year to TPI All Seasons’ EVA film lines.
The continuing industrial success of TPI Polene, the parent of TPI All Seasons, has always been closely linked with the integration of hi-tech solutions in what is often labelled a “traditional industry”, that is, cement and EVA/LDPE production. 
TPI Polene is proud to announce that it is on course to become the first “zero emission” manufacturer in the world through its efforts to produce green energy. The strategic decision in 2007 to start with the production of solar film is in line with this vision. TPI Polene is a 88-per-cent Thai company based in Bangkok, where it is quoted on the Stock Exchange of Thailand and employs about 8,000 people.
Impact Sport Club opens 
Impact Exhibition Management Co, which operates and manages Impact Muang Thong Thani, the largest exhibition and convention centre in Thailand, yesterday launched the Bt60 million Impact Sport Club, a multifunctional, international standard sports complex.
The sports club is believed to enable Impact to deliver consistent sustainable business growth. It will definitely respond to the lifestyle of today’s health-conscious people, managing director Paul Kanjanapas said.
SET gears for AEC challenges  
The Stock Exchange of Thailand is committed to building quality professionals in the securities industry and the Thai capital market, getting them ready for the upcoming Asean Economic Community by providing investment knowledge and understanding among students of 99 universities nationwide. 
Executive vice president Chanitr Charnchainarong said that on one hand SET aimed for qualitative development of listed companies, investors, products and services.  All 99 universities will be granted 7,500 textbooks in finance and finance-related fields, covering finance management, investment and risk management, as well as tutorial books for securities and derivatives investment consultant licences and other international standard certificates.
SET plans to collaborate with universities nationwide in adding the capital market course to their curriculum. 
SET has joined with university networks nationwide in setting up 179 “SET Corners” in Bangkok and various provinces, including seven SET Investment Centres, with mutual benefits in becoming a modernised and comprehensive centre of investment learning.