A strategic investor could buy up to 49 per cent in Binh Son.The government has set a timetable for the domestic IPO to be completed by June 30 next year.Thailand's PTT, Rosneft, Russia's biggest oil producer, Gazprom Neft (GPN), and the Kuwait Petroleum Corp have expressed interest in buying stakes in Dung Quat, the official said. - ReutersRICE WORTH BT7.2 BN SOLDThe Rice Policy Management Committee approved the sale of nearly 754,000 tonnes of rice worth Bt7.2 billion to 11 traders from the latest rice auction, where 1 million tonnes were up for bid.Duangporn Rodphaya, director-general of the Commerce Ministry's Foreign Trade Department, said the fact that 75 per cent of the auction volume was approved for sale reflected good demand in the market. Thus the rice price should not fall much.From the total 753,571 tonnes approved for sale, the government sold 702,615 tonnes of consumption-grade rice for Bt6.91 billion.It also approved the sale of 52,397 tonnes of degraded rice worth Bt287 million for the industrial sector. This part will generate revenue of only Bt100 million a year initially before reaching annual revenue of between Bt3 billion and Bt4 billion seven years from now.On the second part, also using 20 per cent of total capacity, TOT will run its own business model to provide service to customers. It expects about Bt4 billion in annual revenue from this part seven years from now.

Source: The Nation Bangkok September 07, 2016 18:01 UTC