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Vol. XV No. 21
Friday May 25 - May 31, 2007


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HEADLINES [click on headline to view story]: 

Nova goes into the movie business

Tax measures to help restore homebuyer confidence

Thailand to export spa businesses in world market

Nova goes into the movie business

On May 16 this year, Nova Group announced that it had joined with Sahamongkol Film International as a co-producer of a new Thai movie called “The Queen of Pattani”. Seen in this photo from the press announcement are front row from left: Chomsajee Techaratanaprasert, Vice president of Sales, Mr. Rony Fineman, President Nova Group and Nonzee Nimibutr, the Director of the movie. Standing behind from left are Boonchuen Jitprapai, Sales director of Nova Group and Boonchuay Suwanna, the lawyer of Nova Group.

Tax measures to help restore homebuyer confidence

The government’s tax measures aimed at stimulating the property business will restore confidence among potential homebuyers, according to industry executives.
Presiding over the opening of the 16th Houses and Condominiums Fair, held during May 17-20 at Queen Sirikit National Convention Center, Kitti Pipatpongpibul, president of the Housing Mortgage Association, said the tax measures being issued by the Finance Ministry would help to boost the purchasing power of people looking to get into the property market.
This, coupled with the downward interest trend, could stimulate the overall property business, he said, but it could take between 1-1.5 years to do that, he cautioned.
Athip Peechanont, president of the Thai Condominium Association, said the tax measures would certainly encourage potential homebuyers to purchase houses as it would give them more buying power.
At the same time, manufacturers and distributors of various products are also set to benefit from the tax measures; particularly with the tax cut of 3.7 per cent for installment payments and a reduction in ownership transfer and mortgaging fees.
With the tax measures, Peechanon believes the property business will grow by 20 per cent in the second or third quarters of this year. (TNA)

Thailand to export spa businesses in world market

Thailand’s Department of Business Development, an agency of the Ministry of Commerce, will conduct a workshop for spa business owners to help them promote their businesses to the global marketplace.
Director-General Kanissorn Navanueraha of the Department of Business Development said that spas are extremely popular worldwide, and that the government supports Thailand as the centre of spa businesses in Asia.
However, some Thai spa owners lack administration and market planning skills. More training in those fields will help Thailand’s existing spa businesses to expand to overseas markets, he said.
The department has launched a project to develop spa businesses for the international market. Spa owners will be trained in business management and learn marketing strategies and brand development.
They will also have the opportunity to visit successful spas on a spa tour programme. Advisors will be available for on-site visits to provide counselling services on spa business development.
The project will run from June to September and aims to attract at least 40 spa business owners. Spa owners who have been in business for at least one year are being invited to join the project free of charge. (TNA)

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