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Baht/$ 33.30/33
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GOLD |
15,000
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INBrief
ENERGY :Glow Energy Plc. (Glow) recently signed US$302-million in contracts with a consortium of Marubeni and Black&Veatch for equipment supply and construction of its 382-megawatt gas-fired cogeneration power plant in Map Ta Phut.
The consortium is required to pay a down-payment of $45 million during its construction period. The project is expected to be online in the third quarter of 2011.
The project has completed its environment impact assessment and will sell mainly electricity and steam to large petrochemical customers over the next 6-12 months.
Over the coming three years, Glow will be investing more than $1.8 billion in value-creating growth. As a result, Glow will increase its production capacity by more than 50% from 1,708 megawatts.
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Project value leaps
PROPERTY :The value of newly launched real estate project in June significantly rose by 83% from may, with the launch of 27 projects with 5,977 units worth 20.405 billion baht, according to the independent real estate consulting firm Agency for Real Estate Affairs (AREA).
The company found that the launches in June were 9.229 billion baht higher in value than in May but views that the increase indicates monthly changes rather than a trend.
Condominiums remained the most popular type of real estate, followed by townhouses.
The average price was 3.414 million baht a unit, while the most popular price range was between one and two million baht.
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CPF wins award
ENERGY :Charoen Pokphand Foods Plc (CPF) has achieved two outstanding awards from the energy ministry's Thailand Energy Awards 2008 for their Mahachai aquatic feed plant and Nong Jork food plant.
Bangkok Produce Merchandising's bio-diesel project also received honorable mention for its renewable energy. This is the third consecutive time that CPF received an energy award for saving abundant energy and helping the environment, according to company executive vice-president Virachai Ratanabanchuen, also head of the energy-saving board for the agro-industry group.
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Citi earns plaudits
BANKING :Citi Thailand has been named the best foreign commercial bank for the sixth consecutive year by FinanceAsia magazine.
Citi won 10 awards in the annual 2008 Asia Country Awards, including Thailand, Indonesia, the Philippines, Singapore, South Korea and Taiwan. It was also named the best foreign commercial bank and best foreign investment bank in Hong Kong and India.
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I.C.C. rated AA
RANKING :Tris Rating has affirmed the company rating of
I.C.C. International at aa with a stable outlook.
The rating reflects ICC's debt-free status, proven capability and experience of its management team, a diverse range of products and brands, and its position as Thailand's leading distributor of lingerie, men's apparel, and cosmetics.
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Awards for TCC
PROPERTY :TCC Capital Land won four awards for its three luxury residential projects at the CNBC International Property Awards 2008 in Singapore. The awards are: Thailand's best high-rise development, best property marketing (the Empire Place), best high-rise development (the Emporio Place) and best golf development (the North Park Place).
The CNBC International Property Awards are open to property developers, estate agents, brokers, interior designers, architects, public relations and advertising agencies. They aim to identify the highest levels of achievement in property-related fields.
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28-day yield 3.41%
DEBT MARKET :The Bank of Thailand yesterday auctioned one billion baht worth of 28-day treasury bills for a weighted average accepted yield of 3.41375%. Accepted bid yields ranged from 3.4% to 3.425%, with the bid coverage ratio 6.29 times.
The central bank also sold one billion baht worth of 91-day bills for a weighted average accepted yield of 3.5412%. Accepted bid yields ranged from 3.5% to 3.6%, with the bid coverage ratio 5.2 times.
The central bank also sold one billion baht worth of 182-day bills for a weighted average accepted yield of 3.57974%. Accepted bid yields ranged from 3.57% to 3.6%, with the bid coverage ratio 4.91 times.
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