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Company Profiles
Service with Integrity
Company Information
Britasia provides business development and
representation services in Thailand and South East Asia for companies
wishing to expand or develop their existing business in the region.
This is done by direct marketing, and where appropriate
in the forming of alliances with other companies in similar or related
businesses.
Britasia specializes in supply and support service
businesses, and has a strict policy of exclusive representation for its
clients. That means Britasia only represents one company in a particular
business sector.
We also provide business and development services for
two international companies that are partnered with Thai companies
providing a complete range of facilities management, utilities, technical,
maintenance and other support services.
These include a wide range of services from operator
& investor of multi energy requirements to all forms of maintenance
services including HVAC, electrical and mechanical including rotating
equipment, to waste water treatment, cleaning, security, and catering.
One of the companies we represent is Trinity
International Procurement.
Trinity International
Procurement
 Trinity International Procurement is based in Aberdeen,
Scotland and is a purchasing supply business that sources equipment and
spare parts direct from Europe and the USA from manufacturers and
suppliers to customers in S.E. Asia.
Trinity
International Procurement was spun off from Trinity International Services
Limited in recognition of the ever-increasing volumes of equipment that
they were providing to their existing clients and the unsolicited interest
of potential customers. In view of the specialized skills involved in
running a procurement house the directors decided to transfer the existing
procurement operations to a new company. The new company started trading
on 15th January 2001 and consistently offers saving of 15 to 40% (on
competitive quotes) to companies operating in South East Asia.
Suppliers
Trinity has built a network of over 300 manufacturers,
spares and consumables suppliers. Once advised of your needs we contact
potential suppliers and establish the best products to fulfil your
requirements.
Trinity International is totally independent and is not
committed to, or restricted by, any agency agreement locking them into any
particular supplier or supply chain.
The important factors are:
1. To meet the customers’ requirements for
specification, and quality.
2. To supply those requirements on time and at the best
price.
The parts and spares we purchase are very wide ranging
and vary from everyday items right through to state of the art high tech
specialist equipment. This includes pumps, gas analysers, filters,
computer software, safety clothing (including light weight fire retardant
coveralls), safety equipment and rough terrain emergency vehicles.
Shipping
Trinity has set up a consolidated shipping agreement
with agents from the U.K. By consolidating shipments in multiples of one
metric tonne, shipping costs can be reduced by 50%. Trinity can also ship
individual items and offer relatively small orders at competitive rates.
Delivery
Customers are constantly informed on the progress of
their orders. Purchase Orders are listed showing the exact details of
items received. Customers are then able to keep track of all goods
awaiting shipment. This assists you to decide when to authorize a shipment
and to aid your staff finalise planning and maintenance schedules.
For more information about Britasia and the companies
it represents please contact: Richard Bradford - Knox / Montha Khammanee,
Mobile Tel. 01- 6902199, Tel. 038 300116, Fax: 038 300902, e-mail:
bradford@lox info.co.th
Thailand-Australia prepare to sign trade deal
Thailand is gearing up to sign an economic pact with
Australia that could pull in Australian investors and open up markets for
Thai produce.
The broad framework of the deal is due to be inked out
during the prime minister’s upcoming visit to Australia, although the
details have not yet been revealed.
Suranon Wechacheewa, deputy secretary to the prime
minister, said that members of the International Economic Policy Committee
recently discussed the framework of economic, trade and investment links
between the two countries.
While it is unlikely that a free trade area will be set
up between the two nations, the deal is likely to see formal ties of
bipartite trade. Discussions will take place on which trade items could
benefit from liberalized trade, and on dismantling some of the trade
barriers that currently affect Thai agricultural produce destined for
Australia.
At the same time, the deal could see the promotion of
Australian technology in Thailand, and a revision of tax structures, in
particular with reference to Thai fabric exports, on which Australia
currently slaps a high import duty.
Prime Minister Thaksin Shinawatra also hopes to
persuade more Australian investors to return to Thailand by inducing
confidence in the Kingdom’s economy.
Suranon hailed the deal as a pact that will benefit
both parties, with Thailand making gains in terms of purchasing power,
technology and investment, and Australia receiving a gateway to markets in
the Indochina region. (TNA)
IMF satisfied with progress in efforts to bail out economy
Deputy Prime Minister and Finance Minister Somkid
Jatusripitak recently announced that the International Monetary Fund (IMF)
has expressed satisfaction with progress in the Thai government’s
ongoing efforts to solve the nation’s economic woes.
Speaking after a briefing with IMF officials at the
Finance Ministry, Somkid said that officials agree with measures the
ministry has adopted to bail out the country’s ailing economy.
They acknowledged the government is on the right track
in its efforts to address the economic problems by stressing the fiscal
balance, fiscal principles, economic reforms, enhancement of
competitiveness, and the management of public debts.
Somkid said he had eased the IMF’s concern over the
increasing public debts by explaining that they remained at a controllable
level. The debt burdens were very high last year because gross domestic
product (GDP) contracted.
The officials were told the government has tried hard
to use the budget efficiently and to reduce the budget deficit. The
government has also adjusted its investment policy by spending more on
enhancing the nation’s competitiveness.
Recently around 15-16 billion baht has been set aside
for the implementation of the economic and social restructuring. The fund
will be supervised by the National Economic and Social Development Board.
The money will be used to support projects with potential to develop
Thailand’s competitiveness in various sectors.
Collection of value-added tax (VAT) by the Revenue
Department also increased by 16-17% from that of the same period the
previous year which signifies an on-going improvement in the economy. (TNA)
Clear direction needed to develop food industry
Thailand needs to set a clear direction for the
development of the food industry for the next five years otherwise the
country’s market share will be grabbed by rivals, particularly China,
according to a senior official of the Industrial Economics Office.
Director-General Damri Sukhothanang said the office had
recently organized a forum on the „Opportunity of Thai Food Industry in
the World Market“ to discuss new ideas in which to develop the industry.
Participants in the meeting from public and private
sectors shared the view that Thailand needs to improve and strengthen its
food production capability to meet the international standard. To this
end, the clear direction for the food industry development must be
projected at least five years ahead, since they are acutely aware that
local entrepreneurs will not avoid stiff competition and tough trade
barriers in the future.
Damri said, „At present, many countries turn to
produce not only enough food for their own consumption but for export as
well. Thailand will eventually have to compete with key rivals, namely
China. The industry must prepare for stiff competition by increasing added
value in the form of processed and ‚ready-to-eat food‘. Easy-to
prepare-food targets consumers looking for convenience.“
During the forum it was acknowledged that Thailand’s
food industry is very likely to grow without interruption in the next five
years. This potential growth makes it a ‚main target‘ industry to be
vigorously developed.
To accommodate the projected growth, Thailand must
develop food products to meet the ever-changing market’s needs.
Cooperation from the private and public sectors will be vital in analysis
of productivity, enhancing competitiveness and identification of consumer
trends and demands in other countries. (TNA)
Raimon Land announces first quarter results
The plan administrator to the restructuring of Raimon
Land Plc. recently announced the company’s first quarter results for
2002.
Commenting on the results for the first quarter, which
showed a consolidated profit of B58.96 million, Nigel Cornick, managing
director of Raimon Land Planner Co., Ltd. noted, “The results for the
first quarter is a reflection of the progress the company is making in the
implementation of its creditor approved ‘rehabilitation plan’.”
Following the successful private placement of shares in
March 2002, the company has settled debts amounting to B84 million and
upon the completion of ongoing asset transfers to secured creditors,
Raimon will show further restructuring gains in 2002 of B4.1 billion.
Cornick went on to add that, “The administration of the restructuring
plan should be completed by the end of June.”
Commenting on the results, Robert W. McMillen, director
of Raimon Land Planner Co., Ltd. and CEO of Seamico Securities Plc. added,
“As a major shareholder of Raimon Land, we are pleased to see the
results of the company to date are in line with our expectations. The next
step is to raise approximately B500 million to expand the company’s
portfolio. These funds will enable the company to pursue a number of
identified real estate project opportunities.”
Cornick went on to add, “The company expects to apply
to re-list Raimon shares on the Stock Exchange of Thailand in early June
with its shares expected to initially trade in the Rehabco Sector.”
DPM brushes aside concern over new bubble economy
Deputy Prime Minister Somkid Jatusripitak recently
downplayed mounting concern over a new bubble economy as a result of
increased spending among consumers through credit cards, saying it was
caused by technology development in financial services.
He did agree that consumption has significantly
increased mainly because spending through credit cards is growing.
According to a survey, consumer loans are expected to
enjoy a 15% growth this year as people’s purchasing power increased,
which could give a boost to the economy. However, Dr Somkid, who is also
finance minister, said he does not believe this increased spending will
lead to a new ,bubble economy‘.
He went on to explain that the previous bubble was
caused by borrowing low-cost capital for investment in unproductive
activities, particularly for speculative purposes. At present, increased
spending results show real purchasing power among people who want to
consume and who use their credit cards for convenience.
The deputy premier said he has not yet decided to
revise the country’s economic growth projection of 3% this year upwards
until there is concrete information to support the decision. Thailand’s
economy enjoyed strong growth in the first quarter of this year. He added
that during his visit to the United Kingdom, investors there agreed that
the Thai economy has improved significantly and most expressed genuine
interest in investment in the country. (TNA)
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