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Outstanding loans in property
business rise by 12.5% in 2005
Outstanding loans in the property business as of the end
of last year increased by 12.5 percent to 925.6 billion baht from 736.58
billion the previous year, according to the Bank of Thailand (BOT).
Of this, the central bank reported, 624.38 billion baht
are loans provided to consumers, up 15 percent from 472.47 billion from the
year before, and 301.23 billion are loans extended to property developers,
up 8.3 percent from 264.11 billion.
The number of residence units registered in Greater
Bangkok as of the end of last year totaled 67,829, a rise of 8 percent from
50,594 the previous year.
Of this, 35,953 are housing units, down 11.8 percent,
while 6,653 are flat and condominium units, up 204.5 percent, and 25,241 are
privately constructed housing units, up 27.1 percent.
BOT revealed that prices of single detached houses in
Greater Bangkok last year increased by 10.7 percent, townhouses by 5.5
percent and land by 6.3 percent. (TNA)
Energy Minister confident ethanol supply won’t be in dire shortage
Energy Minister Viset Choopiban expressed confidence
there would be sufficient local ethanol supply, and that import of the
product would not be necessary.
Viset said that many new producers of ethanol who use
molasses and cassavas have currently entered the market to cash in on the
increased demand of alternative fuel.
Viset insisted that the ministry would not move to narrow
the difference in price between premium gasoline and gasohol, which is
approximately 1.50 baht at present. He conceded, however, that ethanol
prices would unavoidably increase further by market mechanism. A discussion
on the matter between ethanol producers and oil traders needs to be held.
Viset also stated that the plan to terminate the use of
premium gasoline in the country starting January 1, 2007 would remain
intact.
He said the continued increase in ethanol prices had
stemmed from a greater demand for the product around the world.
It is expected that local ethanol prices would increase to 21-22 baht per
liter, from 19.50 baht at present. (TNA)
SET insists it is unable to instruct Shin Corp to clarify rumors on deal collapse
The Stock Exchange of Thailand (SET) has insisted that it
is unable to instruct Shin Corporation Public Company Limited of caretaker
Prime Minister Thaksin Shinawatra’ family to clarify rumors regarding a
cancellation of Shin Corp share sell-off in late January, saying the deal is
the responsibility of shareholders, not listed companies.
The SET move came after Korn Jatikavanich, deputy leader
of the Democrat Party, called for the SET and the Securities and Exchange
Commission (SEC) to instruct persons concerned in the sell-off of Shin Corp
shares to clarify rumors regarding a possible collapse of the deal.
SET’s Senior Executive Vice President Suthichai
Chitravanich said that the SET does not have the authority to instruct a
purchaser or a seller of Shin Corp shares to do that. However, Suthichai
said he personally believes that the Shin Corp deal would not collapse
because parties involved have already completed the transactions and settled
payment.
Should the deal collapse, he said, parties concerned
would definitely file lawsuits. (TNA)
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