Home » Archive

Articles Archive for May 2009

News, POLITICS

[26 May 2009 | No Comment | 784 views]
PAD members agree to set up political party

PAD leaders at Thammasat University
 
 

 

Members of the People’s Alliance for Democracy (PAD) yesterday voiced their support for the establishment of a political party in a bid to establish the so-called “New Politics” in Thailand.
Several ten thousands of PAD members yesterday rallied at the football stadium of Thammasat University’s Rangsit Campus to mark the first anniversary of last year’s 193-day-long protest against the attempts by the then governments to amend the kingdom’s constitution and to dissolve a special agency investigating alleged corruption cases against former prime minister Thaksin Shinawatra.

ECONOMY, News

[25 May 2009 | No Comment | 1,173 views]
Thai economy shrinks 7 pct in first quarter

Thailand’s state planning agency, the National Economic and Social Development Board (NESDB), today said the country’s gross domestic product (GDP) contracted by 7.1 per cent in the first quarter of this year, putting Thai economy into a recession for the first time in a decade.
NESDB secretary-general Ampon Kittiampon said the 7.1-percent contraction when compared with the same period last year, further falling from 4.3 percent drop in the fourth quarter of last year, is the heaviest fall of the country’s economy since the financial crisis in 1997.

Ampon said the country’s economy during …

PEOPLE

[15 May 2009 | No Comment | 1,176 views]
Dr Viroj Mavichak, Managing Director of Thai Oil Plc

Born:  December 2, 1948
Education:
- Bachelor’s Degree (Honours) in Civil Engineering, Chulalongkorn University, Bangkok
- Master’s Degree and PhD in Civil Engineering, University of Texas at Austin

Dr Viroj began his career in the petroleum and petrochemical businesses at the then Natural Gas Organization of Thailand (NGOT) which had become a part of the state-run Petroleum Authority of Thailand (PTT) in 1978, before being incorporated as PTT Plc and listed on the Stock Exchange of Thailand in late 2001.
In 1994, he was appointed deputy governor for corporate finance, and a year later …

BUSINESS, News

[14 May 2009 | No Comment | 1,901 views]
Thai Oil returns to net profit of B2.28 bln in Q1

Thai Oil Plc, Thailand’s biggest refiner, earlier this week said it has returned to a net profit of 2.28 billion baht in the first quarter of this year after a huge net loss of nearly 8.4 billion baht during the last quarter of last year.
However, the first-quarter net profit, derived from the sale revenue of 56.5 billion baht, was about 41 percent lower than that of the same period last year when the sale revenue was recorded at 96.3 billion baht.    
According to the company’s reports to the Stock Exchange …

PEOPLE

[12 May 2009 | No Comment | 2,047 views]
Chanin Vongkusolkit, Chief Executive Officer of Banpu Plc

Date of Birth:  26 September 1952
Education:

Bachelor in Economics, Thammasat University, Bangkok
MBA(Finance), St. Louis University, Missouri, U.S.A.
Work Experience:
Nov 2004 – present  –  Director, The Erawan Group Plc
Nov 2003 – present  –  Director, Ratchburi Electricity Generating Holding Plc
1997 – present  –  Director, BLCP Power Ltd
1996 – present  –  Director, Banpu Power Ltd
1983 – present  –  Director, Mitr Phol Sugar Corp Ltd.

BUSINESS, News

[12 May 2009 | No Comment | 1,731 views]
Banpu’s Q1 net profit doubles to B4.8 bln

Thailand’s largest coal miner Banpu Plc (BANPU) today said its net profit in the first quarter of this year rose to almost 4.8 billion baht, increasing more than double from 2.1 billion baht from the same period of last year.
Chanin Vongkusolkit, chief executive officer of Banpu Plc, said in the company’s reports to the Stock Exchange of Thailand that about 3.6 billion baht of the first quarter’s net profit came from coal business while nearly 1.17 billion baht was from the company’s power business.
During the quarter, the net profit …