PRESS DIGEST - Thai newspapers on May 28

BANGKOK, May 28 (Reuters) - These are some of the leading stories in Thai newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

TOP STORIES

- The Cabinet endorsed Prime Minister Samak Sundaravej's proposal to hold a referendum to decide whether the constitutional amendment plan should go ahead (THE NATION)

- Democrat party leader Abhisit Vejjajiva hit back at PM's Office Minister Jakrapob Penkair over the translation of his controversial speech on the patronage system (BANGKOK POST)

- The Central Administrative Court has issued a temporary injunction against bus fare hikes in Bangkok, while it hears a case filed by a consumer group against the increases (BANGKOK POST)

- The Cabinet approved in principle six energy saving measures, including widespread use of natural gas in government vehicles, public buses and taxis and a cut on E85 gasohol (THE NATION)

BUSINESS

- The listed shopping-complex developer Central Pattana PCL (CPN.BK) will spend 9.5 billion baht on three new shopping centres from this year to 2011 (BANGKOK POST)

- Siam Commercial Bank SCB.BK expects its performance this quarter will not be as good as the previous one, while its spread will reduce to 3.6-3.7 percent (THE NATION)

- Property Perfect PF.BK will collaborate with Frasers Centrepoint Ltd (FCL), the property arm of Singapore-based Fraser and Neave Grop to create a new office, residential and shopping mall complex on Ratchadaphisek Road. (THE NATION) ** Looking for more information from local sources? Factiva.com has eight Thai sources including the Bangkok Post and The Nation. ($1=32.17 Baht)