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BUSINESS NEWS

HEADLINES [click on headline to view story]:
Hemaraj’s President welcomes ICAF Group

TNT signs exclusive logistics agreement with One Thai Alliance

BCCT to hold Breakfast Briefing

Thai Garden Resort appoints new Assistant Manager

BOI adopts measures to help stimulate the economy

Hemaraj’s President welcomes ICAF Group

David Nardone (7th from right), president & CEO of Hemaraj Land and Development PLC gave a welcome reception to Industrial College of the Armed Forces (ICAF) students for a visit & overview of the Eastern Seaboard Industrial Estate (Rayong). The group is primarily focused on information technology and the telecommunication industry. The group also visited Auto Alliance (Thailand) Ltd.

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TNT signs exclusive logistics agreement with One Thai Alliance

TNT Thailand signed an exclusive agreement to provide logistics solutions for the Department of Export Promotion’s One Thai Alliance project.

One Thai Alliance aims to provide one-step solutions to Thai exporters to assist them realize the full potential of e-commerce to achieve better customer relationships, cut costs and improve the efficiency of their organizations. The core e-commerce tool the Alliance will provide to exporters is the e-Lite.

The Alliance comprises of the Department of Export Promotion, TNT, Bank of Asia, Sun Microsystems, Informix, I-STT, Samaggi, Samart Broadband Services, Samart e-solution, Samart Internet, SamartSipas and Smart Post.

TNT is renowned in the industry for it’s highly developed IT infrastructure and services and was selected by the venture for its advanced products, which can be integrated into any system.

“TNT is proud to support the development of Thai Businesses through our world class IT-based solutions and we are delighted with the opportunity to aid the continued progress of Thai companies in the International arena,” said Winfried Kiesbueye, Country General Manager of TNT Thailand.

“TNT has spent over $65 million on IT development in recent years and spends around five percent of its revenue on IT systems. We are leading the sector in IT logistics products and this agreement is a result of our status as a clear front-runner in this field.

“This is obviously a very exciting project for us to be involved in and we are sure that we can add to the value of the e-commerce process with our advanced logistics solutions,” added Kiesbueye.

In the last 12 months, TNT has doubled its logistics business and increased its express business by double-digit growth in Thailand. The company has set itself aggressive targets to capture greater market share and to leverage its global strength in the Thai market.

Kiesbueye added, “This is one of several major projects that we are now involved with and we plan to announce other new agreement within the next few months. Our targets to triple business in Thailand have been set and we aim to reach them within the shortest time span possible.”

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BCCT to hold Breakfast Briefing

“Climate Change - Implications for Businesses in Thailand”

Guest Speaker: Mr. Stuart Hill, managing director of AEA Technology Environmental plc on Tuesday 26th June 2001 from 07.30 - 9.00 a.m. at Hotel Plaza Ath้n้e Bangkok, the Gallery.

During his presentation Stuart will introduce climate change and the implications for businesses in Thailand:

- what is climate change?

- why is it relevant to businesses in Thailand - what are the implications of the Kyoto Protocol & international measures?

- how can local businesses minimise the potential impacts (increased energy prices, international regulations, business risks)

- what are the business opportunities that it poses (potential foreign investment, diversified markets, new opportunities)

Stuart Hill is the managing director of AEA Technology Environment plc, one of the leading organisations providing advice, worldwide, on issues relating to climate change. AEA Technology is an international environmental consultancy. Building on a track record of over 30 years’ experience AEA Technology Environment has more than 750 professionals working around the world providing strategic advice through to specific skills and services. In Bangkok AEA Technology (Thailand) Ltd has experts in energy, waste & risk management and works closely with both the public and private sector.

AEA Technology is one of the leading organisations providing advice on issues relating to climate change. Their excellent track record and sound technical advice on energy efficiency and renewable energy has been combined with good market sector knowledge, practical down-to-earth advice and the ability to be able to anticipate key future trends. They have worked with a number of companies to help understand how climate change policy can affect their bottom line.

Stuart has first hand experience of working from within industry and the need to understand the bottom line implications that environmental issues pose. Prior to AEA Technology, Stuart was managing director of the House Builders Federation, where he was involved with developing a sustainability index for the construction industry. Stuart also has a good understanding of the transport sector, gained from his 5 years on the Board of Directors of British Railways.

The cost of this breakfast is Baht 500 per person including VAT. If you would like to attend please reply with payment to the Chamber office no later than Monday 25th June 2001, fax: +662-651-5354, tel. +662-651-5350-3, email: mariam@bccthai.com  

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Thai Garden Resort appoints new Assistant Manager

Mrs. Vilawan Chaichumporn has been appointed as executive assistant manager of the Thai Garden Resort. Mrs. Vilawan, who joined the Thai Garden group in April 1999 as the financial controller, got her education at Worabutravitata School in Bangkok and at the Chakrapongphuvanarth College and is the holder of various certificates from reputable workshops and educational training centers. She started her working experience as an accounting clerk in 1975 and since then she has continuously climbed the ladder of success.

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BOI adopts measures to help stimulate the economy

The Board of Investment (BOI) chaired by Prime Minister Thaksin Shinawatra met last week and approved a series of measures designed to encourage exports as a method for stimulating economic growth.

Following the meeting, BOI Secretary General Staporn Kavitanon announced the following:

* The BOI will grant article 36 (1) and (2) incentives to export-oriented non-promoted projects in 11 activities, until December 31, 2002. The industries covered by this announcement are: ready-made clothes; leather; shoes; furniture; textiles (excluding ready-made clothes); toys; sports equipment; auto parts; plastic or plastic coated products; electronics and parts; and electrical products and parts. This measure is designed to help lessen cash-flow problems of exporters and increase the competitive capacity of Thai industry in global markets.

* The BOI will relax conditions for projects that previously had to locate in Zone 2 or 3, so that expansion projects can now locate in Zone 1 or 2 if they export a minimum of 80% of total sales. However, in order to minimize the impact on decentralization, the Board agreed that this relaxation would apply only to article 36 (1) (2) and non-tax incentives.

* The BOI will permit foreign investors to own up to 5 rai of land for the establishment of offices; up to 10 rai for residences of executives or experts; and up to 20 rai for workers residences. This permission is granted under condition that all land must be sold or transferred within one year of the termination of the project.

* The Board also agreed that businesses that submit projects before December 31, 2004 under conditions set forth in Announcement No. 2/2543 would be allowed to locate in Laem Chabang Industrial Estate or Industrial Estates or Industrial Parks in Rayong Province Zones. The intent of this relaxation is to help decrease the impact on projects that were required to locate in Zone 3, such as textiles, chemical products, and paper production. In addition, projects in Zone 2 that wish to relocate to Laem Chabang Industrial Estate or Industrial Estates or Industrial Parks in Rayong Province will be permitted to receive investment promotion incentives for relocation.

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