CPN to raise funds for new development — CPN plans to raise an additional Bt10-12bn this year to finance its ambitious investment plans including developing a prime location at the busy intersection of Rama IV and Sathorn roads. CPN will issue new units of its CPN Retail Growth Leasehold Property Fund (CPNRF) in a private placement, to be backed by two new projects in Chiang Mai and on Bangkok’s Ram Intra Rd. It Is also considering adding another asset to its CPN Commercial Growth Leasehold Property Fund (CPNCG), which invests in the leasehold rights of The Office@Central World. (Bangkok Post, 21/03/13)
Comment: Their performance has just been wow…continued clever moves by the group to expand and take advantage of the lower rates available in the market today.
THAI ranks 30th for flight punctuality — The Thai flag carrier was ranked 30th of the 48 major international carriers tracked last month by FlightStats, the Oregon-based inflight information services provider, with a 78.85% record. (Bangkok Post, 21/03/13)
Comment: Isn’t that rubbish?!