BFIT Securities Plc (BSEC) yesterday received a merger proposal from UOB
Kay Hian Securities (Thailand) Plc and will submit into its board of directors’ meeting on February 23.
Dr.Prasit Srisuwan, chief executive officer of BSEC, said in his letter to the Stock Exchange of Thailand (SET) that the company had received the proposed merger letter, date February 18, from UOB Kay Hian (UOBKH) chairman Wee Ee-chao and the matter will be reported to the company’s chairman, Dr.Wissanu Krea-ngam before being listed in the board of directors’ meeting agenda next Monday.
He said the result …

Thailand’s exports in January fell 26.5 percent from the same period last year to about US$10.50 billion after the country saw its exports dropped 20.5 and 14.6 percent in last November and December.
Last year, the country’s November exports sharply dropped as much as 22.24 percent from US$15.27 billion in October to US$11.87 billion before the value of exports in December slightly declined to US$11.60 billion.
Siripol Yodmuangcharoen, the country’s permanent secretary for commerce, today said the drop of 26.5 percent in January from the corresponding period of last year was …

Thailand’s rice export volume in January fell 37.74 percent from the same period last year but the Ministry of Commerce expects the rice exports throughout the year would be able to meet the target of 8.5-9.5 million tonnes.

According to director-general Apiradi Tantraporn of the Department of Foreign Trade, Thailand in January exported a total of 628,792 tonnes of rice, valued at US$331 million, compared to 1.01 million tonnes worth US$421 million during the first month of last year.
Apiradi said the country meanwhile shipped a total of 941,286 tonnes of rice, …

The 30-billion-baht rail link between Suvarnabhumi Airport and the main terminal in Bangkok is expected to put into use on August 12, commemorating the birthday of Her Majesty the Queen.
Transport Minister Sopon Zarum on Friday told reporters that both the infrastructure and operating system of the Airport Rail Link (ARL) project has been completed by 98 percent and will be ready to offer services in mid-August as planned.
After observing a test-run of a train from Ramkhamhaeng Station to Suvarnabhumi Station, the minister said the service between Suvarnabhumi Airport to the …

Thai Oil Plc., the country’s top oil refiner, yesterday said its 2008 net profit has nosedived to only 224 million baht from nearly 19.12 billion baht in the previous year, due to the falling oil prices that hit inventories.
Thai Oil’s managing director Viroj Mavichak said although the sale revenue for the full year had risen to 399.13 billion baht, an increase of about 138 billion baht from the previous year, due to the higher oil prices and the capacity expansions of the company and its subsidiary Thai Paraxylene, the oil …

Thai finance minister Korn

The finance ministers of the 10-member Association of Southeast Asian Nations (ASEAN) and three East Asian partner nations of Japan, China, and South Korea will meet on February 22 in Phuket.
Thailand’s Finance Minister Korn Chatikavanij yesterday said the meeting of the “ASEAN+3” finance ministers, also attended by the ASEAN secretary-general, Dr.Surin Pitsuwan, and President Haruhiko Kuroda of the Asian Development Bank (ADB), is aimed mainly at encouraging greater financial cooperation among the member countries of the ASEAN community.
The Thai finance minister said the meeting is expected to also …