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Bangkok Post, Thailand, Business Briefs Column.
Sep. 8--OCT 30 HEARING SET FOR VANCHAI CASE: The Central Bankruptcy court will begin hearings on a 103-million-baht bankruptcy case filed by Bangkok Bank against Vanchai Chirathivat, president of the Central Group, on Oct 30.
The bank is seeking repayment from Mr Vanchai on a guarantee pledged against $3 million in loans to Standhope Investment by Bangkok Bank's Hong Kong branch in March 1997.
Standhope stopped paying the loans in September 1997, with $1.923 million outstanding. With accrued interest, the total debt is now 103 million baht.
Ath Paetyangkul, a lawyer representing Mr Vanchai, said he was confident of winning the case as Mr Vanchai had assets in excess of liabilities.
CURBS SOUGHT ON OIL TRADING CERTIFICATION: The Commerce Ministry should cancel the Petroleum Authority of Thailand's authority to certify oil traders for all fuel exports to Cambodia, according to Industry Minister Suriya Juengrungruangkij.
He said authority should be transferred to other agencies that are directly involved in the oil transactions.
All traders who want to export oil to Cambodia must be certified by the PTT even if the state oil company is not the seller of the oil.
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- Bangkok Post, Thailand, Guest Column.
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- Bangkok Post, Thailand, Travel Column.
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By Imtiaz Muqbil, Bangkok Post, Thailand Knight Ridder/Tribune Business...best. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. (c) 2004, Bangkok Post, Thailand. Distributed by Knight Ridder...
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Bangkok Post, Thailand Knight Ridder/Tribune Business...points in 2001. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com (c) 2003, Bangkok Post, Thailand. Distributed by Knight Ridder...
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Bangkok Post, Thailand Knight Ridder/Tribune...made Diethelm its Thailand distributor six months...To see more of the Bangkok Post, or to subscribe to...com. (c) 2004, Bangkok Post, Thailand. Distributed by Knight...