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Economy July 02, 2014 00:00

By The Nation

Bangchak boss unfazed

Bangchak Petroleum president Vichien Usanachote does not see any adverse impact from a suggestion by Piyasvasti Amranand, former energy minister and newly appointed PTT board member, that PTT sell its 27-per-cent stake in Bangchak to boost competition in the energy sector. 
Regardless of whether PTT holds an equity stake in Bangchak, the two firms are still bonded by business contracts, he said. 
Tax restructuring ‘a priority’ 
Tax restructuring will be accelerated, says the newly appointed director-general of the Revenue Department, Prasong Poontaneat.
He cited types of taxes that would be reviewed include corporate income tax, which will be compared to those in regional countries and competitors.
Asia-Pacific salaries to rise 
Salaries across the Asia-Pacific region are set to rise by an average 6.9 per cent this year, led by China, according to a survey by professional-services company Towers Watson.
In this country, the firm expects a 5.4-per-cent increase and it anticipates downward bias throughout the year in the midst of the prolonged political chaos, said Pichpajee Saichuae, managing director of Towers Watson Thailand.
TOT eyes Bt10.1 bn from Bangkok
TOT has targeted revenue of Bt10.1 billion from all services in the Bangkok metropolitan area this year, of which only Bt3.59 billion was made in the first five months, said Jumpon Thanasopon, senior executive vice president.
TOT expects to pull in Bt4.8 billion from fixed-line services, followed by Bt2.76 billion from broadband and multimedia services. Revenue from its third-generation cellular services will reach around Bt564 million. – Usanee Mongkolporn, The Nation