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Amway India visits Pattaya
Damri Muangkaew
The Indian branch of the multi-level marketing company
Amway was recently in Pattaya for an incentives week. More than 1,600
distributors from the subcontinent stayed for a week-long gathering at the
Royal Cliff Beach Resort.
The group was warmly welcomed by Kirk-krai Jirapaet,
assistant to the minister of tourism and sports and Royal Cliff management.
From
left: Alexander Haeusler, general manager of the Royal Cliff Beach Resort,
Kirk-krai Jirapaet, assistant to the minister of tourism and sports, William
Pinckney, CEO of Amway India, Vorayut Meksute, executive director of
Destination Asia, Panga Vathanakul, managing director of the Royal Cliff
Beach Resort, Rikta Phani, Amway representative, and Choosakdi
Srivatjanapong, resident manager of the Royal Cliff Beach Hotel.
The incentive meeting, which began earlier this month,
was led by William Pinckney, CEO of Amway India with distributors and staff
from the company participating in the event.
Amway International has a portfolio of over 450 personal care and
household products and boasts a distribution network of 3.6 million
independent distributors around the globe with sales in excess of 4.5
billion US dollars.
The third “Industrial Solutions Road Show” coming up
in early December
Presented by TGI, DEG and Rieckermann Thai Engineering
Supa Kukarja
After two successful road shows at industrial estates in
Bangpakong and Laem Chabang areas, the third and final one for this year by
the 3 well-established institutions in the Eastern Seaboard industrial zones
in the fields of engineering, financing and training will be held at the
Purimas Beach Hotel in Banchang, Rayong on Wednesday, December 3, 2003
commencing at 9.45 a.m. Main participants are expected from Mabtaput
Industrial Estates and other factories in the area.
Hans Dieter Westphal and his team will represent
Rieckermann Thai Engineering. They will give information on how the company
has been supplying manufacturing and process machinery and plants, together
with professional engineering services in Thailand, RTE’s capabilities
cover anything from the services of the sourcing of the right process and
technology, and equipment supply, installation, and especially the
integration of engineering fabrication of local components.
Herbert Jaeger will represent DEG who part of KFW Group,
providing tailor-made long-term project and corporate finance through equity
participation, mezzanine finance, and loans in all major currencies as well
as Thai baht. DEG also provides consultancy and a network of specialists
covering a wide range of services.
Walter Kretschmar the Thai-German Institute’s German
director will present their upcoming projects. TGI is a joint project of the
Royal Thai Government, the Government of the Federal Republic of Germany and
the Federation of Thai Industries, as well as the largest and most advanced
independent training centre for industrial technologies in Thailand.
The presentation will run from around 10 a.m. to 12.30
p.m and will be followed by an open forum lunch when guests can take the
opportunity to ask any specific questions to representatives of the 3
organizers and the guest speakers, as well as to get to know each other.
Coffee and snacks will be provided during registration
between 9 and10 a.m.
As with the first two road shows, lucky door prizes will
be given away after lunch and on this occasion the first prize will be a
weekend for two in Phuket, which includes plane tickets and accommodation.
The Industrial Solutions Road Show III promises to be
both informative and fun. All are welcome to join, and for a personal
invitation please contact Khun Weerapa at Rieckermann Thai Engineering on
038 427 430 or Fax 038 427 439.
Registered patents
for ‘Thai Hom Mali Rice’
Thailand is stepping up its efforts to register patents
for Thai jasmine, or Hom Mali rice in 36 countries worldwide.
Director-General of the Ministry of Commerce’s Department of Foreign Trade
Rachane Potjanasuntorn said that Thailand had submitted applications for the
registration of Thai Hom Mali rice patents in the 36 countries, and the
patents had already been approved in six countries.
Rachane also said that the Commerce Ministry was planning
to put the words “Thai Hom Mali Rice” on every bag of exported Thai
jasmine rice to promote the flagship rice in the world market.
Rachane said, “Exporters have so far used various
wordings, such as Thai Hom Mali Rice, Thai Jasmine Rice, or Thai Fragrance
Rice, but once Commerce Minister Adisai Bodharamik approves the plan, the
wording would be unified to be ‘Thai Hom Mali Rice’.”
Major markets of Thai rice exports include Indonesia, the
Philippines, Nigeria, the United States, Senegal, Benin, South Africa, Iran,
and Ivory Coast.
This year, Thailand’s exports of rice have totaled six
million tons, worth US$ 1.423 billion, an increase of 1.12 percent in volume
and 15.50 percent in value from last year, with Thai fragrant rice
accounting for 1.8 million tons, or 40 percent, of the total rice exports.
The Commerce Ministry projects that Thai rice exports will surge to 7.3
million tons, worth US$1.7 billion, at the end of this year. (TNA)
Bangkok Property
Boom
Safe investment of retirement funds rates as the most
pressing concern of ex-pats living in Thailand. Thai law permits aliens to
invest in condominium property, and rent the property for income.
The condominium market in 1st half-2003 kept its growing
pace from 2H-2002 as evidenced by 18 new condominium projects, with a total
of 3,038 units, in the market in inner areas of Bangkok such as Silom,
Sathorn, Lung Suan, Wireless, Ploenchit, Sukhumvit, Rama III and
Phaholyothin roads.
Prices of condominium units in all areas have increased 8
percent by average from last year. The average price of new condominium
projects (units in central business areas) was 80,461 baht per square meter,
up from 51,659 baht a square meter in 2002, or 56 percent higher.
In the Sukhumvit area, the average unit price of
condominium projects that were launched during 1H-2003 was 54,213 baht per
square meter, an increase from 38,000 baht per square meter, or 43 percent.
The condominium market trend in 2H-2003, particularly the projects in the
business districts, is projected to grow both on the fronts of demand and
supply and will continue to grow for at least 2 years from now.
For detailed information of how you can benefit from the
Bangkok Property Boom, attend the Property Investment Seminar November 29,
at Asia Pattaya Hotel.
Courtesy of D.D. Tower.
Anti-spec measures necessary
to avert second crisis
Prime Minister Thaksin Shinawatra has warned that action
on the over-heating stock market was essential to avert another economic
crisis.
The prime minister cautioned that the unprecedented rise
of the Thai stock market on November 4th , which pushed the volume of trade
up to a 28-year high of 63 billion baht, could lead to a second economic
bubble unless anti-speculation measures were put in place. While in part the
record-breaking volume of trade had been caused by an inflow of foreign
currency, it was also partly due to share speculation by retail investors,
the PM said.
The president and manager of the Stock Exchange of
Thailand and the secretary-general of the Securities and Exchange Commission
has been asked to keep a close eye on the situation.
Thaksin said, “I don’t want to see a repeat of
history with the stock market turning into a bubble. If that occurs we would
not be able to catch up with other countries.” He nonetheless stressed
that the situation was now returning to normal, and that little damage had
occurred. (TNA)
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