Former senior executive vice president of Siam Commercial Bank Plc, Charamporn Jotikasthira, yesterday became the new president of the Stock Exchange of Thailand (SET), succeeding Patareeya Benjapolchai whose tenure ends on May 31.

Charamporn, selected by SET’s board of governors in March, will serve his four-year term as the Thai bourse’s eleventh president until May 31, 2014.
Charamporn, 53, earned his bachelor’s degree in Electrical Engineering and Computer Science from the Massachusetts Institutes of Technology and an MBA from Harvard Graduate School of Business Administration, USA.
He joined the Siam Commercial Bank Plc …

Prime Minister Abhisit Vejjajiva (right) is seen presiding over the seminar on the privileges for ROHs while Deputy Finance Minister Pradit Phataraprasit (left) looks on.

Thailand plans to offer a package of tax benefits for companies setting their regional operating headquartres (ROHs) in this Southeast Asian country as the package will be effective from June 1.
The tax package, aimed at attracting more Thai and foreign companies to use Thailand as the base for their regional operations, includes a 15-year corporate income tax holiday for the earnings from the services these regional …

Thailand’s largest energy firm PTT Plc on Monday reported its 2009 net profit of 59.5 billion baht, an increase of 15 percent or 7.8 billion baht from that of 2008.
In a letter to the Stock Exchange of Thailand (SET), PTT’s president and chief executive officer Prasert Bunsumpun reported that the company’s consolidated net profit in 2009 rose to 59.55 billion from 51.7 billion baht a year earlier, resulting an increase in the earnings per share to 21.06 baht from 18.33 baht in 2008.
Last Friday, PTT had earlier submitted its financial …

Thai Union Frozen Products Plc (TUF), Thailand’s leading manufacturer and exporter of frozen and canned seafood, recently announced that its net profit for last year had reached a record breaking 3.34 billion baht, an increase of 52 percent from that of 2008.
TUF’s president Thiraphong Chansiri on Monday disclosed that the huge increase in the company’s 2009 net profit was partly the result of a dramatic profit surge in the fourth quarter from 307 million baht in 2008 to 718 million baht last year.
The company’s annual sales in US dollars for …

Malaysia-base CIMB Group Holdings Bhd is expected to become the first foreign company to list on the Stock Exchange of Thailand (SET) when the new regulations on foreign listing on the Thai bourse come into effect next month.
SET president Patareeya Benjapolchai on Monday revealed the new regulations on foreign listing have been approved by Thailand’s Securities and Exchange Commission (SEC) and the Thai bourse in October this year and will be effective from next month.
However, Patareeya disclosed that the regulations will in the first phase allow only the dual listing …

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 …