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Home » Archive

Articles Archive for October 2009

BUSINESS, News

[30 Oct 2009 | No Comment | 3,456 views]
Siam Cement’s net profit grows to B7 bln in Q3 despite sales decrease

Siam Cement Plc (SCC) on Wednesday announced a consolidated net profit of 6.99 billion baht in the third quarter of this year, an increase of 18 percent from the same period last year, despite a 19 percent drop in net sales.

According to its report to the Stock Exchange of Thailand, SCC, the country’s leading industrial conglomerate, said the net profit of 6.99 billion baht rose slightly by two percent from the second quarter of this year while the earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter …

ENERGY, News

[29 Oct 2009 | No Comment | 3,570 views]
PTTEP sees a net profit of B5.26 bln in Q3, down 60 pct from last year

PTT Exploration and Production Plc (PTTEP) on Tuesday reported a net profit of 5.26 billion baht for the third quarter of this year, falling as much as 60 percent from the same period last year.

According to its report to the Stock Exchange of Thailand, PTTEP, 65 percent owned by Thailand’s oil and gas giant PTT Plc, said the company and its subsidiaries’ total revenues in the third quarter dropped by 27 percent from the same period last year to 30.77 billion baht while total expenses rose by 20 percent to …

ECONOMY, News

[28 Oct 2009 | No Comment | 1,373 views]
Thai Fin Min: Economy to shrink 3 pct for the entire 2009

Thailand’s Finance Ministry has forecasted that the country’s economy is likely to contract by three percent for the entire year in 2009 despite a growth of 3-4 percent expected in the fourth quarter.

According to the ministry’s spokesman Ekniti Nitithanprapas, the Thai economy is forecasted to contract between 3.5 and 4.0 percent in the third quarter of this year, when compared with that of the same period last year, and is expected to expand 3-4 percent in the fourth quarter of 2009.
Dr. Ekniti, who is also the director of Macroeconomic Policy …

ENERGY, News

[26 Oct 2009 | No Comment | 1,581 views]
PTTEP invests $35 M in new offshore block in Australia

PTT Exploration and Production Plc (PTTEP) today announced that its subsidiary had entered into an agreement to buy an exploration licence for AC/P 33 or Oliver block in Timor Sea, northwest of Australia, for US$ 35 million.
Anon Sirisaengtaksin, PTTEP’s chief executive officer, said in the report to the Stock Exchange of Thailand that the company’s subsidiary, PTTEP Australasia (Ashmore Cartier) Pty Ltd, had signed the agreement with Stuart Petroleum Limited and Albers Group for the licence, which is still pending approval from the Australian government and the fulfillment of some …

FOREIGN AFFAIRS, News

[25 Oct 2009 | No Comment | 2,384 views]
The full text of Thai premier Abhisit Vejjajiva’s speech at the closing ceremony of the 15th ASEAN Summit and Related Summits on October 25, 2009

Your Majesty, Excellencies, Distinguished Delegates, Ladies and Gentlemen,
 
First of all, I would like to extend the profound gratitude of the people of Thailand to His Majesty the Sultan of Brunei Darussalam and the other 14 Leaders who have expressed their best wishes for the good health and continued recovery of His Majesty King Bhumibol Adulyadej of Thailand.Your Majesty, Ladies and Gentlemen,
 

 
Upon assuming our Chairmanship, Thailand laid down three goals. The first is to realise the ASEAN Charter. We have operationalised new organs under the Charter. The inauguration of the ASEAN …

FOREIGN AFFAIRS, News

[25 Oct 2009 | No Comment | 4,823 views]
15th ASEAN Summit ends with successful outcomes

Leaders of the 10-member ASEAN and ASEAN secretary-general Surin Pitsuwan (extreme right) poses for the photo session during the closing ceremony.
The 15th ASEAN Summit and related summits among the leaders of the 10 Association of Southeast Asian Nations (ASEAN) member countries and their six dialogue partners in Cha-am and Hua Hin districts in the provinces of Phetchaburi and Prachuap Khiri Khan ended today with the official closing ceremony at Dusit Thani Hotel.
The summit of the ASEAN leaders with government heads of China, Japan, South Korea, India, Australia and New Zealand …