Abstracts » Business, international

Packaging food for fortunes

Article Abstract:

Albatross Co of Thailand is the exporter of canned ready-to-eat rice under the brand name Khun Perm. The company, whose product is set to appear in London, UK-based Harrod's, is owned by Permphan Neowakul, the 40-year-old entrepreneur who began his business in 1997. Mr. Perm, as he is called, says that the major problem that needed to be solved in the operation was how much water was needed in the mixture. Albatross ships as many as 30 containers a month of canned rice to such destinations as France, Germany, Holland and Saudi Arabia.

Rice, Rice Farming, Canned Foods, Fruit and Vegetable Canning, Pickling, and Drying, Management, Canned foods industry, Canning industry, Albatross Co.

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Standard Chartered expands

Article Abstract:

Standard Chartered Bank PLC of the UK has agreed to acquire a 68.4% stake in Nakornthon Bank of Thailand for 6.2 billion baht ($164.8 million) on May 5, 1999. The deal, Standard Chartered's second bank purchase in a week, is seen as a positive development for the continuing recovery of the Thai banking industry. Under the terms of the agreement, which still requires the approval of the Thai Central Bank, Nakornthon Bank investors will accept a write-down of 10 baht to 0.01 baht for their shares.

United Kingdom, Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Banking industry, Mergers, acquisitions and divestments, Column, Standard Chartered Bank PLC, Nakornthon Bank Ltd.

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Thaksin may form ruling coalition of just two parties

Article Abstract:

Thaksin Shinawatra's political party may be able to control Thailand's Parliament pending confirmation of the country's election results. Delays caused by electoral irregularities and investigation of vote bying are frustrating Thai Rak Thai Party members.

Legal issues & crime, Elections, Ethics & Integrity, Political activity, Investigations, Elections, Thaksin, Shinawatra (Thai prime minister)

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