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Thailand to host the E5 energy expo in Bangkok

Finance minister must quickly restore investor confidence

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Thailand to host the E5 energy expo in Bangkok

The E5 2007 exhibition and conference expo, a first time event for Bangkok, will be held at the Queen Sirikit National Convention Center in Bangkok from 8 - 10 March.
The latest international technology is expected from up to 40 countries including national pavilions and exhibits from Germany, Japan, Italy, Singapore, Korea, Australia, the United Kingdom, Denmark, Spain, China, Croatia and the United States.
Trade visitors to the event are expected from over 30 countries, mainly from Southeast Asia but also including Europe, the Middle East, the US, South Asia and the Far East.
Bangkok Exhibition Services (BES) Ltd., with the support of the TCEB (Thailand’s Convention & Exhibition Bureau), is organising this inaugural event that brings together the latest technology and services in the field of energy efficiency and management, electrical engineering, lighting and building technology, plant maintenance equipment and electronic security systems
Anyone requiring further information on the event should contact Mimi at BES on +66 (0) 2617 1475 or visit www.e5thailand.com

Finance minister must quickly restore investor confidence

Whoever is named new Thai finance minister by Prime Minister Surayud Chulanont must move quickly to restore the confidence of investors, both local and international, a well known lecturer at Thammasat University said Monday.
Political science lecturer Somchai Pakapasvivat said major tasks facing the new finance minister, occupying the post left vacant by Pridiyathorn Devakula following his sudden resignation on March 1, centre on restoring the confidence of investors following the Bank of Thailand imposition of a 30 per cent foreign capital reserve requirement last December.
Other significant issues, according to Dr. Somchai, are the government’s moves on amending the Retail Business and Foreign Business acts which must be explained to investors because foreign investment is seen as vitally important to the country.
Commenting on economic stabilisation, Dr. Somchai said that although the problem of the current account deficit has been eased, concerned officials must try to prevent Thailand’s balance of trade from suffering a deficit and inflation from rising further as global oil prices have started to rise again.
The government must also accelerate its spending as only about 20 per cent of the total government allocated budget has been spent so far this fiscal year, started October 1, 2006. Increased government spending would stimulate the local economy and help boost the competitiveness of Thai exporters.
Touching on press reports that Thailand Development and Research Institute president Chalongphob Sussang-karn could become the new finance minister, he said Dr. Chalongphob is a knowledgeable economist. But under Thailand’s currently sluggish economy, Dr. Chalongphob would need to form a team which could coordinate well with concerned economic ministers to help tackle major economic issues, he said. (TNA)

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