PRESS DIGEST - Thai newspapers on July 3

BANGKOK, July 3 (Reuters) - These are some of the leading stories in Thai newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

TOP STORIES

- The Administrative Court's injunction against Thailand's support of the listing of Preah Vihear might not overrule the joint communique signed by Thailand and Cambodia on May 22 in Paris, according to the United Nations Educational, Scientific and Cultural Organisation (BANGKOK POST)

- Foreign Minister Noppadon Pattama will lead a Thai team to a meeting in Quebec next week which will consider Cambodia's proposal to place the Hindu temple of Preah Vihear on the World Heritage list after the withdrawal of Thai support (THE NATION)

- Raging inflation could be worse next year and stay in double-digit territory as businesses would be under pressure to adjust costs and raise prices after they have depleted their inventories, a leading economist warned (THE NATION)

- The Civil Court threw out an appeal by the People's Alliance for Democracy (PAD) against an injunction telling it to quieten down, saying the anti-government group had exercised its right to rally to the point where it was violating the rights of other people. (BANGKOK POST)

BUSINESS

- Thai Namthip Ltd, the local bottler of Coke, Fanta and Sprite, criticised the Internal Trade Department for refusing to let soft-drink companies raise prices even though sugar and transport costs have soared in recent months (BANGKOK POST)

- The Commerce Ministry plans to set up a central company in cooperation with private logistics operators to link logistics systems and help cut costs (THE NATION)

- Thai stocks .SETI dropped 1.1 percent in the first trading session of the third quarter as investors sold off energy and bank stocks over concerns of rising energy prices and inflation (BANGKOK POST)

- Bangchak Petroleum BCP.BK, the majority state-owned oil refinery, will gradually phase out mainstream petrol products in its service stations by the end of this year to strengthen its position as a market leader in alternative fuels (BANGKOK POST)

- Airports of Thailand AOT.BK president Chana Usathaporn is considering his resignation in return for compensation of between 5 million baht and 6 million baht, a company source said (THE NATION)

- Japanese trading giant Marubeni Group has been downsizing its textile business in Thailand due to the shrinking market and the strong baht, which has affected its export competitiveness (BANGKOK POST) ** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and The Nation.