Make PattayaMail.com your Homepage | Bookmark              SERVING THE EASTERN SEABOARD OF THAILAND             Pattaya Blatt | Chiang Mai Mail | Pattaya Mail TV
 
Pattaya Mail Web
 
BUSINESS
 

Private rice exporter supports reduced rice subsidy

A leading Thai rice dealer has called on the government to reduce subsidy under the rice pledging scheme to enhance Thailand’s competitiveness in the global market.
Sompong Kittirianglarb, president of Ponglarb Co., said a lower rice price, currently pledged by the government at Bt15,000 per tonne, will help improve Thailand’s rice exports which have been rather poor.
Rice exports by the private sector from early January to Feb 17 were only 500,000-600,000 tonnes - a volume he described as minimal for an early harvest season.
A report that the pledging price of rice will be slashed to Bt13,000 per tonne has irked Thai farmers who threatened to protest the government in Bangkok. The Commerce Ministry has denied that rice subsidy will be cut.
Sompong said a pledging price of Bt12,000 per tonne would be realistic and reasonable.
The prices of rice from neighboring countries has been rather low with India exporting at US$404 per tonne, Pakistan at US$450 per tonne and Vietnam at US$410 per tonne, he said, adding that Thailand’s export price of US$550-560 per tonne can be adjusted to US$510-520 per tonne if the pledging price is Bt12,000 (US$400) per tonne.
The price at US$510-520 per tonne will enable Thailand to compete with neighboring countries since the quality of Thai rice is higher, he said.
He warned that damage (to Thailand’s rice export) will worsen if the government fails to lower the rice subsidy. (MCOT)


Raimon Land posts record financial results in 2012

Announces the launch of the Lofts Ekkamai

Pradit Phataraprasit, Raimon Land’s new Chairman of the Board of Directors.

Raimon Land PLC has announced record financial results for the year 2012, with a landmark net profit of THB 496 million (USD 16.6 million). The company’s 2012 EBITDA1 reached its highest level ever, at Baht 1.058 billion (USD 35.46 million). Confirming further its sound financial situation, with a secured backlog at the end of 2012 of Baht 16.3 billion (USD 546 million) and unrecognized sales in its current projects valued at Baht 28 billion (USD 939 million), the company saw its gross profit margin jump to 33%.
This positive announcement was made end February by Pradit Phataraprasit, Raimon Land’s new Chairman of the Board of Directors, and Lionel Lee, new Director. Earlier this month, the Singapore-based Lee family became Raimon Land’s largest shareholder, after acquiring a 24.97% equity from IFA Hotels & Resorts 3 Limited of Dubai. Consequently, five new directors were appointed to the company’s Board, including Nuch Kalyawongsa as Chief Financial Officer, Lionel Lee, his brother Adrian and Johnson Tan Chin Kwang. Aside from these new faces in the board room, Raimon Land’s management remains the same.

Lionel Lee, new Director

Expounding on the company’s plan of action, Lionel Lee emphasized the strategies that will be the backbone of its future growth. “We will continue to focus on high-end property development in Bangkok and resort destinations in Thailand, which has been instrumental to Raimon Land’s success,” he explained in reference to the company’s existing projects: The River and 185 Rajadamri in Bangkok, and Zire Wongamat and Unixx in Pattaya.
“Also, we intend to diversify our activities by developing additional income-generating sources, such as rentals from commercial properties, hotel management fees and revenue from food & beverage outlets,” he added.
The Lofts Ekkamai, a trendy development catering to the needs of a young generation of condominium buyers

Raymond Land CEO Hubert Viriot

First on the company’s agenda is the launch of The Lofts Ekkamai. Targeting both Thai and foreign customers, the 28-storey project will comprise a total of 264 units, with a mix of studios and 1, 2 and 3-bedroom apartments, as well as spacious duplexes designed for modern living. Conveniently located on 2 rai of freehold land in the trendy Sukhumvit-Thonglor-Ekkamai area, the Baht 2.1-billion project has been designed by HB Design, the architectural firm behind the success of Northpoint in Pattaya, as well as The River and 185 Rajadamri in Bangkok.
The contemporary development will answer the strong demand from a younger generation of condominium buyers for affordable yet high-quality apartments that offer convenient and close access to public transportation, excellent facilities and infrastructure. The project’s official launch is scheduled in Q2 2013, with completion expected by the end of 2015.
Reflecting the company’s growth strategy, Raimon Land is looking forward to the launch of serviced residences at The River under the Klapsons brand, in reference to the award-winning Klapsons boutique hotel developed and managed by the Lee family in Singapore. In a similar move to diversify into new income-generating projects, the popular Vue fusion mall adjacent to The River could be replicated in other developments, while The River Promenade could be redesigned as a trendy F&B destination along the Chao Phraya.
“As a long-term shareholder, we will explore opportunities to leverage on our business network at the regional and international levels, while continuing to develop Raimon Land’s brands and preserving the company’s high quality standards and founding values that are behind its formidable reputation.” added Lee.


 
HEADLINES [click on headline to view story]

Private rice exporter supports reduced rice subsidy

Raimon Land posts record financial results in 2012

Advertisement

  Property for Rent
  Condos & Apartments
  Bungalows - Houses - Villas

  Property for Sele
  Condos & Apartments
  Bungalows - Houses - Villas
  Articles for Sale/Rent
  Boats
  Business Opportunities
  Computers & Communications
  Pets
  Services Provided
  Staff Wanted
  Vehicles for Sale / Rent: Trucks & Cars
 

 



News
 Local News
  Features
  Business
  Travel & Tourism
  Our Community
  Our Children
  Sports
Blogs
 Auto Mania
  Dining Out
  Book Review
  Daily Horoscope
Archives
PM Mike Franklin
Classic Charity Golf
Tournament
PM Peter Cummins
Classic International
Regetta
Information
Current Movies
in Pattaya's Cinemas

 Sophon TV-Guide
 Clubs in Pattaya
News Access
Subscribe to Newspaper
About Us
Shopping
Skal
Had Yao News
Partners
Pattaya Mail TV
 Pattaya Blatt
 Chiang Mail Mail