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Economy June 11, 2014 00:00

By The Nation

Funding available for water mega-project

If the National Council for Peace and Order approves the Bt350-billion water-management scheme, the funding is already available for use.
Suwit Rojanavanich, a bond-market adviser to the Public Debt Management Office, said yesterday that the PDMO had already signed a loan agreement for these projects back in June 2012. 
“This budget is not included in the fiscal budget. If the NCPO needs to do that, it can by following the Administrative Court ruling that the projects will have to have a public hearing,” he said.
General Chatchai Sarikalaya, assistant Army chief and deputy director of the NCPO supervising economic affairs, said the junta would set up a committee to study these projects before making a decision to go ahead with them.
SEC suspends consultants
The Securities and Exchange Commission yesterday suspended two capital-investment consultants – Warun Jirachaisingha for one month and Napachara Chinpakdee for two months – and a securities-investment consultant, Warinda Sriwakul, for trading securities on behalf of a client and failing to record the client’s orders. 
They were employees of RHB OSK Securities (Thailand).
From a routine inspection of the brokerage, the SEC found that Warun had been authorised by his client to make securities trading decisions on the client’s behalf with high trading volume. 
The communication record showed that Warun traded securities and later informed his client of the trading orders already submitted. The client did not specify the securities, amount and price but accepted the transactions. 

Aggreko opens new depot in songkhla

Aggreko, the world leader in the provision of temporary power and temperature control solutions, |yesterday announced the opening of a new depot in Songkhla to enhance service standards for |both existing and potential customers throughout Southeast Asia. The announcement came as Aggreko seeks to drive business growth in key sectors across the region, with Thailand selected |for its strategic location and |proximity to current and future customers.

 Having traditionally served regional customers from a central location in Singapore, the new service depot will assist the needs of Thailand and neighbouring Myanmar, Cambodia, Vietnam and Laos. The move strengthens Aggreko's presence and reach across Asia - currently with 27 offices - and allows it to help bridge the power gap in key markets.

In increasing the scope and |efficiency of its offering, Aggreko will enable customers to realise their business potential, drive |business continuity and power |mission-critical assignments until improvements to energy infrastructure can be achieved across the region. It will also allow Aggreko to provide faster turnaround times for services, increased flexibility and significant savings on equipment logistics, said Debajit Das, regional director – APAC (Asia Pacific) for Aggreko.