Rules on state bonds
The Securities and Exchange Commission (SEC) has launched regulations for both baht- and foreign currency-denominated state bonds, comprising rules governing filing and essential-information disclosure in order to upgrade state agencies.
The regulations take effect from January 1 next year.
Vorapol Socatiyanurak, secretary-general of the securities watchdog, said that the issuance of state bonds would require a filing to the SEC with financial statements, just as private companies do when they issue corporate bonds.
Bt5-bn investment plan
PTT Retail Management has set aside an investment budget of Bt5 billion for this year through to the end of 2018 in order to open new outlets and renovate existing ones, both domestically and overseas including Laos, Myanmar, Cambodia, and the Phillipines.
The investment programme forms part of the petrol-station’s chain’s efforts to boost revenue from non-oil activities to 70 per cent of overall income by 2018 from the current level of 50 per cent, managing director Chakkrit Charuchinda said yesterday.
The company targets non-oil revenue of Bt6 billion this year.
Meet on water scheme
Assistant Army chief General Chatchai Sarikalya will tomorrow meet with officials from the Royal Irrigation Department and related parties to discuss the water-management programme.
This will be the first official meeting on the Bt350-billion programme since it was suspended by the ruling junta last month.
“We will discuss the time frame and a master plan for managing the country’s water system,” he said.
All Asia Asset Capital, an investment company focused on investing in the Asia-Pacific, has entered into a share-purchase agreement to acquire a further 4.5 per cent of Andaman Power and Utility (APU) from Chakris Kajkumjohndej, an existing shareholder of APU.
APU – a privately held company based in Myanmar and Thailand – operates in the development of utility plants and the provision of electricity.