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Baht/$ 34.38/44 (Bid/Ask)
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Fire at PTTCH unit
CHEMICALS: A fire at a crude palm oil tank of Thai Oleochemical Co (TOL) on Sunday night is expected to cause just marginal damage to the company, according to parent PTT Chemical Plc (PTTCH).
The incident took place on Sunday at 8:15 pm when the tank was being cleaned at the plant in Map Ta Phut Industrial Estate in Rayong. The fire was put out in 15 minutes but one worker was injured and is in hospital.
As the tank contained natural crude palm oil, there were no environmental effects from the incident, the company said.
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EU fishery standard
AGRICULTURE: The EU Food Veterinary Office (FVO) has certified the marine product verification system of the Thai Fisheries Department and approved seafood production processes in six major fishery provinces.
The results of the inspections carried out between Sept 9 and 19, would give a boost to Thai seafood industry exports, said Jirawan Yaemprayoon, a deputy director-general of the department.
The FVO conducts full inspections every three years and also makes random on-the-spot inspections at ports, markets, and processing factories in Bangkok, Chumphon, Surat Thani, Songkhla, Samut Sakhon and Samut Prakan.
Thailand's seafood exports to the EU totalled 244,626 tonnes last year and were worth about 30 billion baht, up from 247,309 tonnes worth 28.9 billion baht in 2006.
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AIS outlook raised
FINANCE: Standard & Poor's has raised the outlook on Advanced Info Service Plc to stable from negative and affirmed the A- corporate rating for the country's largest mobile operator.
''The outlook revision reflects our expectation of reduced competitive pressure and a lower likelihood that regulatory changes will affect AIS's credit profile,'' said S&P credit analyst Manuel Guerena.
The rating also reflected AIS's favourable market position, strong cash flow and low leverage, he said.
AIS shares (ADVANC) closed yesterday at 82.50 baht, down one baht, in trade worth 676 million baht.
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Photo misidentified
CORRECTION: In a story titled ''Overseas, state work to lift EMC earnings'', published on page 2 of yesterday's Business section, the photograph was incorrectly identified as EMC chairman Chanachai Leenabanchong. The picture shown was actually Chirdsak Vitooraporn, the EMC senior managing director. We regret the error.
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