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Bangkok Post, Thailand, Business Briefs Column.
Aug. 1--FIRST-HALF AUTO EXPORTS RISE 53 PERCENT: The value of Thailand's automobile and parts exports jumped year-on-year by 53 percent to 49.12 billion baht in the first six months of this year, undeterred by the world economic slowdown, according to figures compiled by MMC Sittipol Co, the local distributor of Mitsubishi vehicles.
The value of Thai-made vehicles exported rose by 37 percent to 38.3 billion baht for 80,880 units. Exports of vehicle engines and kits rose 23.5 percent to 10.85 billion baht.
MMC Sittipol, the top exporter, said it shipped 27,819 units worth 13.13 billion baht. Second-ranked General Motors exported 20,767 Chevrolet Zafiras worth 12.19 billion baht, while AutoAlliance, the Ford-Mazda joint venture, exported 20,110 units worth 7.68 billion baht.
THAI DURABLE RIGHTS ISSUE RAISES B100M: Thai Durable Textile said yesterday that it had raised 100.1 million baht in new equity from a rights issue. Bangkok Bank also took a 10 percent stake in the firm by converting outstanding interest due for new shares.
Under a restructuring agreement signed in May, Thai Durable Textile must raise another 100 million baht in capital within one year through a rights issue. Bangkok Bank will then convert additional outstanding interest to maintain its 10 percent holding.
CENTRAL BANK CASE NEARING CONCLUSION: A recommendation on whether civil charges should be filed against former Bank of Thailand officials for damage arising from the float of the baht and assistance to ailing financial institutions will be submitted to Finance Minister Somkid Jatusripitak in September.
Comptroller-general Wisudhi Srisuphan, who chairs the investigative committee, declined to say whether it had made any preliminary findings.
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...Kriengsak Niratpattanasai, Bangkok Post, Thailand Knight Ridder...to an article in the Bangkok Post on March 20, 2003...university. And only 25 percent of the CEOs from 500...To see more of the Bangkok Post, or to subscribe to...