Vol. XIII No. 26
Friday July 1 - July 7, 2005

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Fun City By The Sea

Updated every Friday
by Saichon Paewsoongnern

 

BUSINESS 
HEADLINES [click on headline to view story]: 

EGAT registered as public company limited

EGAT registered as public company limited

The Electricity Generating Authority of Thailand (EGAT) was registered as a new public company limited on Friday, June 24 after the conversion of its status was approved by His Majesty the King and declared in the Royal Gazette on Thursday.

EGAT’s governor, Kraisi Karnasuta said the authority had been converted into ‘EGAT Public Company Limited’ ahead its earlier scheduled date of July 1.

This enables EGAT to mobilize funds on the Stock Exchange of Thailand (SET) by October.

On the cabinet-approved increase in the monthly salary of the authority’s staff by 8-15% upon the conversion of the EGAT status, he said the authority would attempt to accelerate the enforcement.

Kraisi said whether EGAT would raise funds on the SET in October or not would depend on the investment sentiment of the market.

However, he was confident there would be no problem for fund mobilization at that time. (TNA)



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