Money and Banking magazine organizes Money Expo 2010 with special theme “The Road to Wealth” to celebrate its 10th year anniversary and support Thailand economic recovery to distribute wealth to all Thais. The first event, bringing great wealth to Eastern Seaboard, is Money Expo PATTAYA 2010.
Mr.Santi Viriyarangsarit, Money and Banking magazine editor and president of Money Expo 2010 announces that “after its 9 successful years in 2009 with total 5,185,500 visitors and transactions value of 646,000 million baht, Money Expo 2010 will celebrate its 10th anniversary in 2010 in 4 regions in the country with the theme “The Road to Wealth”.
Money Expo brings together best investments and finance offers from nation’s leading commercial banks, financial institutions, along with varied life insurance options available in the market so that retail customers and SMEs can access directly to “funding source” and “Investment Choices”. At the same time, opportunities are opened for Bank and financial institute to expand both retail and SMEs base.
The first Money Expo 2010 The Road to Wealth, the roadmap to achieve wealth for all Thais, will be held in Pattaya of Chonburi province with title “Money Expo Pattaya 2010” during 5-7 February 2010 at PEACH, Royal Cliff Beach Resort Hotel where 22 organizations, including commercial banks, financial institutions together with leading organization from private sector and government agencies will participate.
These organizations will roll out golden promotions for their quality products and services, ranging from low-interest lending rate, special mortgage rate, auto loan, education loan, SMEs loan, credit card, cash card to attractive deposit rates. The best conditions will be offered for investment in stock market, bonds, derivatives, life insurance. Meanwhile, investment guidance and consultancy services will also be provided to those interested. Moreover, liveStage performances from leading superstars are scheduled to entertain visitors.
Commercial banks participate in Money Expo PATTAYA 2010 are Krung Thai Bank Pcl. , Bangkok Bank Pcl. , Kasikorn Bank Pcl. , Siam Commercial Bank Pcl. , Bank of Ayudhya Pcl. , TMB Bank Pcl. , The Siam City Bank Pcl. , CIMB Thai Bank Pcl. , The Thai Credit Retail Bank Pcl. , Commercial banks participate Government Housing Bank , Islamic Bank of Thailand , Muang Thai Life Assurance Co. Ltd. , Ayudhya Capital Auto Lease Plc. , AEON Thana Sinsap (Thailand) Pcl. , Asia Forestry Management Co., Ltd. , Profitable Group , Bank of Thailand , The Revenue Department , The Stock Exchange of Thailand , Securities and Exchange Commission , Office of Insurance Commission and The Agriculture Futures Exchange of Thailand
Chonburi province is the economic, commercial and tourism center of the East given purchasing power of 1.2 million population. At the end of 2008, Gross Provincial Product (GPP) stood at 492,051 million baht, rose by 38,165 million baht from end 2007, while GDP per Capita was 416,003 baht, increase by 27,829 million baht from the end of 2007.
As of September 30, 2009, Chonburi shelters 280 of Banks’ branches. All of which provided 153,324 million baht net credits and raised 191,457 million baht net deposits. From January to October 2009, there are 35 projects applied for investment privileges from BOI.
In addition, there are positive signs of economic recovery given the revised 2010 GDP growth forecast to 3.3 to 5.3% from previous 3.0 to 3.5% by the The Bank of Thailand.
“All indicators show that there are strong demand for loans in Chonburi and the whole Eastern region and consumers still look for better yields in deposits and investment. I’m confident that Money Expo PATTAYA 2010 will again succeed as highly as the first Money Expo PATTAYA held during 6-8 February 2009 that has attracted 45,000 visitors and generated 19,213.68 million baht worth of transactions” Mr.Santi said.
Three other Money Expo 2010
Central - Money Expo 2010 at Queen Sirikit National Convention Center, 6-9 May 2010
North Eastern - Money Expo KORAT 2010 at MCC Hall, The Mall Korat, 8-10 October 2010
North - Money Expo Chiangmai 2010 at Chiangmai University Convention Center, 12-14 November 2010
Wednesday, December 16, 2009
Seven local SMEs win “Bai Po Business Awards by Sasin” A Thai SME Success Story
Siam Commercial Bank (SCB) and the Sasin Graduate Institute of Business Administration of Chulalongkorn University are presenting the prestigious “Bai Po Business Awards by Sasin” to 7 local SMEs. Award winners include Black Canyon (Thailand) Co., Ltd., Narai Intertrade Co., Ltd., Masterkool International Co., Ltd., Teera-Mongkol Industry Co., Ltd., Accurate Technology Co., Ltd., Aruna Co., Ltd., and Papop Co., Ltd. These awards reflect the strong potential and high quality of Thai SMEs. The award presentation ceremony will be held at the Siam Commercial Bank Talad Noi Branch, and presided over by Mr. Anand Panyarachun, Siam Commercial Bank Chairman of the Board of Directors. SCB Business Banking Group Senior Executive Vice President Sirichai Sombutsiri noted that "The Bai Po Business Awards by Sasin are a collaborative effort between Siam Commercial Bank and the Sasin Graduate Institute of Business Administration of Chulalongkorn University. Established in 2007 to recognize successful Thai companies demonstrating distinction among peers, the award aims to inspire local business operators to be more active in continuously enhancing their capabilities, and to assist them in becoming role models for other local small and medium enterprises in setting good standards and boosting sustainable economic growth. This is the fourth time in a row that these award ceremonies have been organized. To date 15 outstanding companies have received the awards, bringing great pride to the SME community."
Sasin Academic Affairs Deputy Director Kittiratt Na Ranong explained that, "Award winners must pass primary evaluation criteria and demonstrate distinctive qualifications critical to competitiveness, including customer focus, innovation, quality, adaptability to change, value creation, branding, efficiency, leadership & team building, social responsibility, and entrepreneurship. These criteria are considered critical to the development of SME business in order to withstand an unfavorable business environment and current economic woes. In selecting award winners, the Evaluation Committee Panel will judge qualified award recipients from candidates, with no limit to the number of candidates receiving the award each year."
Honorary Chairman of the Thai Chamber of Commerce Dr. Ajva Taolananda, in his capacity as the Chairman of the Evaluation Committee Panel, disclosed that this is the forth time that the Bank and Sasin have organized the award presentation ceremony. This year the committee selected seven companies to receive the awards, out of more than 150 applicants or nominated candidates, namely:
Teera-Mongkol Industry Co., Ltd.: A leading manufacturer and distributor of ballast and lighting equipment, the Company has introduced innovative technology emphasizing energy savings and manufactures products that offer an effective substitute for import products. The Company was awarded for its distinction in terms of adaptability to change and quality.
Narai Intertrade Co., Ltd.: A designer, manufacturer, and distributor of fabric bags and accessories under the "Naraya" brand, the Company is distinguished for its quality and efficiency.
Black Canyon (Thailand) Co., Ltd.: The Company operates coffee shops and restaurants famous worldwide and has distinguished itself through branding and value creation.
Papop Co., Ltd.: An environmental engineering consultant company helping businesses reduce their costs, while also generating more revenues. Its two-in-one technology effectively treats wastewater and generate biogas as renewable energy at the same time. The Company was awarded for its distinction in innovation, value creation, and social responsibility.
Masterkool International Co., Ltd.: A manufacturer and distributor of outdoor cooling system products that employ a natural water evaporation process, the Company has distinguished itself through its innovation, customer focus, and branding. Accurate Technology Co., Ltd.: A leading manufacturer, distributor, and exporter of industrial laundry equipment under the “Image” brand, distinguished for innovative technology and reduced production costs. As evidence of its branding, innovation, and quality leadership, the Company is No. 1 sales in the ASEAN region and No. 14 in the world.
Aruna Co., Ltd.: An OEM exporter of regular and polychromos color pencils, Aruna Co. is Thailand's first and only company with a special integrated bonding technique for producing lead with certified quality standards, safety, and a friendly environment. The Company was awarded for its distinction in terms of quality and customer focus. The “Bai Po Business Awards by Sasin” awards presented to these 7 companies will certainly help create business opportunities, boost creditability for trading partners and customers, and inspire other firms to demonstrate their competitiveness and growth.
Previous Bai Po Business Awards by Sasin award winners include Rukluke Edutex Co., Ltd., Officemate Co., Ltd., Bathroom Design Co., Ltd., Business Online Public Co., Ltd., General Hospital Products Public Co., Ltd., Taokaenoi Food and Marketing Co., Ltd., Bertram Chemical (1982) Co., Ltd., Botanique Co., Ltd., Ubis ( Asia) PCL, Interlink Communication PCL, Yothaka International Co., Ltd., Nandee Inter-Trade Co., Ltd., VPP Progressive Co., Ltd., Perm Poon Patana Industry Co.,Ltd., and Twin Lotus Co., Ltd.
The “Bai Po Business Awards by Sasin” aim to support the stable growth of local companies. Entrepreneurs can apply, or nominate other companies for the award program, by obtaining details from the Sasin Management Team at 02-218-4009 ext. 181-183, the SCB Business Call Center at 02-722-2222, www.baipo-business-awards.org, or by E-mail at baipo@sasin.edu.
The Sasin Graduate Institute of Business Administration of Chulalongkorn University
Sasin Academic Affairs Deputy Director Kittiratt Na Ranong explained that, "Award winners must pass primary evaluation criteria and demonstrate distinctive qualifications critical to competitiveness, including customer focus, innovation, quality, adaptability to change, value creation, branding, efficiency, leadership & team building, social responsibility, and entrepreneurship. These criteria are considered critical to the development of SME business in order to withstand an unfavorable business environment and current economic woes. In selecting award winners, the Evaluation Committee Panel will judge qualified award recipients from candidates, with no limit to the number of candidates receiving the award each year."
Honorary Chairman of the Thai Chamber of Commerce Dr. Ajva Taolananda, in his capacity as the Chairman of the Evaluation Committee Panel, disclosed that this is the forth time that the Bank and Sasin have organized the award presentation ceremony. This year the committee selected seven companies to receive the awards, out of more than 150 applicants or nominated candidates, namely:
Teera-Mongkol Industry Co., Ltd.: A leading manufacturer and distributor of ballast and lighting equipment, the Company has introduced innovative technology emphasizing energy savings and manufactures products that offer an effective substitute for import products. The Company was awarded for its distinction in terms of adaptability to change and quality.
Narai Intertrade Co., Ltd.: A designer, manufacturer, and distributor of fabric bags and accessories under the "Naraya" brand, the Company is distinguished for its quality and efficiency.
Black Canyon (Thailand) Co., Ltd.: The Company operates coffee shops and restaurants famous worldwide and has distinguished itself through branding and value creation.
Papop Co., Ltd.: An environmental engineering consultant company helping businesses reduce their costs, while also generating more revenues. Its two-in-one technology effectively treats wastewater and generate biogas as renewable energy at the same time. The Company was awarded for its distinction in innovation, value creation, and social responsibility.
Masterkool International Co., Ltd.: A manufacturer and distributor of outdoor cooling system products that employ a natural water evaporation process, the Company has distinguished itself through its innovation, customer focus, and branding. Accurate Technology Co., Ltd.: A leading manufacturer, distributor, and exporter of industrial laundry equipment under the “Image” brand, distinguished for innovative technology and reduced production costs. As evidence of its branding, innovation, and quality leadership, the Company is No. 1 sales in the ASEAN region and No. 14 in the world.
Aruna Co., Ltd.: An OEM exporter of regular and polychromos color pencils, Aruna Co. is Thailand's first and only company with a special integrated bonding technique for producing lead with certified quality standards, safety, and a friendly environment. The Company was awarded for its distinction in terms of quality and customer focus. The “Bai Po Business Awards by Sasin” awards presented to these 7 companies will certainly help create business opportunities, boost creditability for trading partners and customers, and inspire other firms to demonstrate their competitiveness and growth.
Previous Bai Po Business Awards by Sasin award winners include Rukluke Edutex Co., Ltd., Officemate Co., Ltd., Bathroom Design Co., Ltd., Business Online Public Co., Ltd., General Hospital Products Public Co., Ltd., Taokaenoi Food and Marketing Co., Ltd., Bertram Chemical (1982) Co., Ltd., Botanique Co., Ltd., Ubis ( Asia) PCL, Interlink Communication PCL, Yothaka International Co., Ltd., Nandee Inter-Trade Co., Ltd., VPP Progressive Co., Ltd., Perm Poon Patana Industry Co.,Ltd., and Twin Lotus Co., Ltd.
The “Bai Po Business Awards by Sasin” aim to support the stable growth of local companies. Entrepreneurs can apply, or nominate other companies for the award program, by obtaining details from the Sasin Management Team at 02-218-4009 ext. 181-183, the SCB Business Call Center at 02-722-2222, www.baipo-business-awards.org, or by E-mail at baipo@sasin.edu.
The Sasin Graduate Institute of Business Administration of Chulalongkorn University
Forecast Article Looks At The Different Paths The U.S. Economic Recovery Could Take
Each month, Standard & Poor's Ratings Services publishes its economists' best estimate of where the U.S. economy could be heading. However, financial market participants also want to know how we think things could go worse--or better--than what our baseline scenario calls for. As a result, we have been publishing a quarterly feature called "Risks to the Forecast," in which we project two additional scenarios, one worse than the baseline and one better. Standard & Poor's published the latest version of this article, which is titled "U.S. Risks To The Forecast: Half Speed Or Full Speed?," earlier today.
According to the article, our baseline forecast assumes a gradual recovery after a few quarters of bouncing along the bottom, which looks like a stretched-out "U." But the risk of another downward leg on the recession remains real, producing a "W." The optimistic scenario is that we could again be underestimating the American consumer, and a stronger recovery could still turn into a more typical "V"-shaped expansion. However, the Japanese experience of the 1990s suggests that the risk of a fourth scenario, an "L"-shaped recession where years rather than months are spent bouncing along the bottom, should not be ignored.
It should be noted that our baseline scenario is far weaker than would be consistent with historical averages. On average, real GDP rises 5% in the first four quarters of a recovery and tends to rise even more sharply after deep recessions. Our baseline scenario shows a rise of only 2.3%, less than one-half the historical average, while our downside case shows an even weaker recovery of just 1.5%. Even our optimistic scenario implies an increase of only 4.7%. "We believe that the imbalances in the world and U.S. economies will keep the expansion slow," noted Standard & Poor's Senior Economist David Wyss. "The question is how slow."
The report is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
According to the article, our baseline forecast assumes a gradual recovery after a few quarters of bouncing along the bottom, which looks like a stretched-out "U." But the risk of another downward leg on the recession remains real, producing a "W." The optimistic scenario is that we could again be underestimating the American consumer, and a stronger recovery could still turn into a more typical "V"-shaped expansion. However, the Japanese experience of the 1990s suggests that the risk of a fourth scenario, an "L"-shaped recession where years rather than months are spent bouncing along the bottom, should not be ignored.
It should be noted that our baseline scenario is far weaker than would be consistent with historical averages. On average, real GDP rises 5% in the first four quarters of a recovery and tends to rise even more sharply after deep recessions. Our baseline scenario shows a rise of only 2.3%, less than one-half the historical average, while our downside case shows an even weaker recovery of just 1.5%. Even our optimistic scenario implies an increase of only 4.7%. "We believe that the imbalances in the world and U.S. economies will keep the expansion slow," noted Standard & Poor's Senior Economist David Wyss. "The question is how slow."
The report is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
ESCAP, Myanmar development partnership seeks to boost agricultural sector and enhance rural livelihoods
Nobel laureate Stiglitz leads expert discussions on restoring country as rice bowl of Asia
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of the Union of Myanmar today held a wide-ranging dialogue aimed at boosting the countrys agricultural sector and to help it reclaim its status as the rice bowl of Asia.
At the invitation of ESCAP, Nobel Prize-winning economist Prof. Joseph Stiglitz and other eminent experts discussed strategies for Myanmar to cut poverty in light of Asias regional and subregional experiences.
It is my hope these ideas and analysis will open a new space for policy discussion and a further deepening of our development partnership, UN Under-Secretary-General and ESCAP Executive Secretary Noeleen Heyzer said at the event held in Myanmars capital, Naypyitaw.
These development objectives can only be achieved through the successful engagement of local experts and people who know what is happening on the ground. This development partnership, requested by the Government of Myanmar, provides a unique platform for eminent international scholars and local researchers to exchange experiences and ideas with government agencies and civil society, Dr. Heyzer added.
This is the second in a series of events launched by Dr. Heyzer during her visit in July to Myanmar, and was organized by ESCAP with the countrys Ministry of Agriculture and Irrigation and Ministry of National Planning and Economic Development.
In his presentation, Towards a more productive agrarian economy for Myanmar, Professor Stiglitz noted that Myanmar was well-positioned to learn from other countries in the region that have developed on the back of gains in agriculture. There are large opportunities for improvement. Myanmar should take a comprehensive approach, he said.
He urged the Government of Myanmar to: promote access to appropriate agricultural financing; take measures to boost access to seeds and fertilizers; dramatically boost spending on health and education; and create well-paid jobs in construction of rural infrastructure in order to stimulate development and raise incomes and spending.
Professor Stiglitz also noted that well-functioning institutions were critical to success, and that Myanmar could learn from the mistakes made by other resource-rich countries. Revenues from oil and gas can open up a new era, if used well. If not, then valuable opportunities will be squandered, he said.
Economics and politics can not be separated, Professor Stiglitz added. For Myanmar to take a role on the world stage and to achieve true stability and security there must be widespread participation and inclusive processes. This is the only way forward for Myanmar.
Maj. Gen. U Htay Oo, Minister of Agriculture and Irrigation of Myanmar, noted that climate change has had significant effects on the countrys agriculture and livelihood, particularly in the dry zone. To mitigate such pressure we are implementing short-term and longer term measures, such as promoting access to irrigation water to increase productivity, and developing resource-based as well as knowledge-based sustainable agriculture and livelihoods built on existing infrastructures, he said.
We are adopting a holistic approach informed by the human development perspective to address the needs of the most vulnerable, he added. We cannot afford to be complacent thus the tasks for agriculture and rural development must be implemented through mass movement.
The Minister also welcomed and supported the continued close cooperation and collaboration of ESCAP in the development partnership series. I look forward to the joint activities to come in 2010, in particular the regional development programme for sustainable agriculture towards inclusive rural economy development, he said.
Col. Thurin Zaw, Deputy Minister of National Planning and Economic Development, delivered a presentation on Myanmars National development plans and the implementation of the Millennium Development Goals (MDGs).
The meeting was organized into two segments: The morning roundtable was devoted to expert discussions and included presentations on Recent socio-economic development, by Daw Khin Ma Ma Swe of the Ministry of National Planning and Economic Development, and on Approaches for agriculture and rural development, by Daw Dolly Kyaw of the Ministry of Agriculture and Irrigation.
There were also presentations on Establishing the virtuous cycle of food security, sustainable agriculture and rural economy development, by U Tin Htut Oo and U Tin Maung Shwe of the Academy of Agriculture, Forestry, Livestock and Fisheries Sciences, and on Enhancing Myanmars rural economy, by Ikuko Okamoto of the Institute of Developing Economies-JETRO.
The afternoon high-level development forum covered, Economic policies for growth and poverty reduction: lessons from the region and beyond.
On 21 December in Singapore, Professor Stiglitz and Dr Heyzer will hold a press conference about the forum at the Singapore Foreign Correspondents Association. The press conference will take place at the Singapore Management University, Administration Building, from 9am-10am.
The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of the Union of Myanmar today held a wide-ranging dialogue aimed at boosting the countrys agricultural sector and to help it reclaim its status as the rice bowl of Asia.
At the invitation of ESCAP, Nobel Prize-winning economist Prof. Joseph Stiglitz and other eminent experts discussed strategies for Myanmar to cut poverty in light of Asias regional and subregional experiences.
It is my hope these ideas and analysis will open a new space for policy discussion and a further deepening of our development partnership, UN Under-Secretary-General and ESCAP Executive Secretary Noeleen Heyzer said at the event held in Myanmars capital, Naypyitaw.
These development objectives can only be achieved through the successful engagement of local experts and people who know what is happening on the ground. This development partnership, requested by the Government of Myanmar, provides a unique platform for eminent international scholars and local researchers to exchange experiences and ideas with government agencies and civil society, Dr. Heyzer added.
This is the second in a series of events launched by Dr. Heyzer during her visit in July to Myanmar, and was organized by ESCAP with the countrys Ministry of Agriculture and Irrigation and Ministry of National Planning and Economic Development.
In his presentation, Towards a more productive agrarian economy for Myanmar, Professor Stiglitz noted that Myanmar was well-positioned to learn from other countries in the region that have developed on the back of gains in agriculture. There are large opportunities for improvement. Myanmar should take a comprehensive approach, he said.
He urged the Government of Myanmar to: promote access to appropriate agricultural financing; take measures to boost access to seeds and fertilizers; dramatically boost spending on health and education; and create well-paid jobs in construction of rural infrastructure in order to stimulate development and raise incomes and spending.
Professor Stiglitz also noted that well-functioning institutions were critical to success, and that Myanmar could learn from the mistakes made by other resource-rich countries. Revenues from oil and gas can open up a new era, if used well. If not, then valuable opportunities will be squandered, he said.
Economics and politics can not be separated, Professor Stiglitz added. For Myanmar to take a role on the world stage and to achieve true stability and security there must be widespread participation and inclusive processes. This is the only way forward for Myanmar.
Maj. Gen. U Htay Oo, Minister of Agriculture and Irrigation of Myanmar, noted that climate change has had significant effects on the countrys agriculture and livelihood, particularly in the dry zone. To mitigate such pressure we are implementing short-term and longer term measures, such as promoting access to irrigation water to increase productivity, and developing resource-based as well as knowledge-based sustainable agriculture and livelihoods built on existing infrastructures, he said.
We are adopting a holistic approach informed by the human development perspective to address the needs of the most vulnerable, he added. We cannot afford to be complacent thus the tasks for agriculture and rural development must be implemented through mass movement.
The Minister also welcomed and supported the continued close cooperation and collaboration of ESCAP in the development partnership series. I look forward to the joint activities to come in 2010, in particular the regional development programme for sustainable agriculture towards inclusive rural economy development, he said.
Col. Thurin Zaw, Deputy Minister of National Planning and Economic Development, delivered a presentation on Myanmars National development plans and the implementation of the Millennium Development Goals (MDGs).
The meeting was organized into two segments: The morning roundtable was devoted to expert discussions and included presentations on Recent socio-economic development, by Daw Khin Ma Ma Swe of the Ministry of National Planning and Economic Development, and on Approaches for agriculture and rural development, by Daw Dolly Kyaw of the Ministry of Agriculture and Irrigation.
There were also presentations on Establishing the virtuous cycle of food security, sustainable agriculture and rural economy development, by U Tin Htut Oo and U Tin Maung Shwe of the Academy of Agriculture, Forestry, Livestock and Fisheries Sciences, and on Enhancing Myanmars rural economy, by Ikuko Okamoto of the Institute of Developing Economies-JETRO.
The afternoon high-level development forum covered, Economic policies for growth and poverty reduction: lessons from the region and beyond.
On 21 December in Singapore, Professor Stiglitz and Dr Heyzer will hold a press conference about the forum at the Singapore Foreign Correspondents Association. The press conference will take place at the Singapore Management University, Administration Building, from 9am-10am.
Monday, December 7, 2009
THAI President on Roadshows with Overseas Investors lays out Tough Measures To meet Challenges of Difficult Operating Climat
THAI President on Roadshows with Overseas Investors lays out Tough Measures To meet Challenges of Difficult Operating Climate
Thai Airways International Public Company Limited’s new President Mr. Piyasvasti Amranand is on roadshow meetings with international investors to lay out his vision for THAI and to strengthen relationship with the investment community.
Mr. Amranand laid out a tough, but realistic, recovery plan encompassing the reduction of the level of debt, enhancing internet sales, reviewing loss-making routes, seeking options to increase capacity, reducing non-fuel costs and reducing staff benefits.
Laying out his vision for THAI, which he called “a national treasure that we must help protect,” Mr. Amranand said his aim is to lower the Company’s debt to-equity ratio from 3:1 to 2:1 [outstanding debts now total THB 160 billion]. Consideration of a recapitalization will be dependent on planned investments, operating results and other financing options.
THAI is expected to cut non-fuel expenses by THB 11 billion this year.
Mr. Amranand also warned that challenges being posed by the economic slowdown, political uncertainty in Thailand, fuel price fluctuation and the higher level of competition “will be difficult with the increase in number of regional competitors, increased competition from Middle East airlines as well as the rapid growth of low cost airlines.”
THAI is also focusing on measures to enhance revenue – yield management, niche marketing, enhance customer data mining, inflight product enhancements while strictly controlling operating costs. Mr. Amranand also pointed that with fuel constituting a major part of THAI’s cost and is subject to many global economic factors largely beyond THAI’s control, fuel hedging ratio should be appropriate to cushion fuel cost impact. Fuel cost for THAI in 2009 is expected to be THB 48 billion against THB 90 billion last year.
Other major financial measures Mr. Amranand wants to implement include:
- More leasing rather than outright purchasing of aircraft.
- Increasing proportion of internet sales from 4% to 15% of total sales by the end of 2010. Ticket prices to better reflect demand and supply.
- More cooperation with Star Alliance partners and Nok Air, THAI’s low cost subsidiary carrier to increase passenger numbers.
- Senior executive and staff benefits are all on review including seat perks and other benefits.
Mr. Amranand said the four year strategic plan includes a fleet and capital plan which are to be completed in December 2009 for implementation in 2010.
Mr. Amranand laid out five strategies for THAI’s recovery and growth:
- Aligning customer service to better suit customer needs, such as inflight menus to be more in line with customer preference and to take greater care of customers affected by cancelled/delayed flights.
- Better cooperation between THAI business units through a restructured business plan to deliver an outstanding customer experience compared to peers.
- A more dynamic and responsive organization structure improving response to rapid changes in the industry.
- A focus on revenue enhancement by improving sales distribution effectiveness and a revised pricing policy offering more standardized fares through both direct and agency sales.
- Introducing of a “whistleblower policy” to enhance internal governance.
Thai Airways International Public Company Limited’s new President Mr. Piyasvasti Amranand is on roadshow meetings with international investors to lay out his vision for THAI and to strengthen relationship with the investment community.
Mr. Amranand laid out a tough, but realistic, recovery plan encompassing the reduction of the level of debt, enhancing internet sales, reviewing loss-making routes, seeking options to increase capacity, reducing non-fuel costs and reducing staff benefits.
Laying out his vision for THAI, which he called “a national treasure that we must help protect,” Mr. Amranand said his aim is to lower the Company’s debt to-equity ratio from 3:1 to 2:1 [outstanding debts now total THB 160 billion]. Consideration of a recapitalization will be dependent on planned investments, operating results and other financing options.
THAI is expected to cut non-fuel expenses by THB 11 billion this year.
Mr. Amranand also warned that challenges being posed by the economic slowdown, political uncertainty in Thailand, fuel price fluctuation and the higher level of competition “will be difficult with the increase in number of regional competitors, increased competition from Middle East airlines as well as the rapid growth of low cost airlines.”
THAI is also focusing on measures to enhance revenue – yield management, niche marketing, enhance customer data mining, inflight product enhancements while strictly controlling operating costs. Mr. Amranand also pointed that with fuel constituting a major part of THAI’s cost and is subject to many global economic factors largely beyond THAI’s control, fuel hedging ratio should be appropriate to cushion fuel cost impact. Fuel cost for THAI in 2009 is expected to be THB 48 billion against THB 90 billion last year.
Other major financial measures Mr. Amranand wants to implement include:
- More leasing rather than outright purchasing of aircraft.
- Increasing proportion of internet sales from 4% to 15% of total sales by the end of 2010. Ticket prices to better reflect demand and supply.
- More cooperation with Star Alliance partners and Nok Air, THAI’s low cost subsidiary carrier to increase passenger numbers.
- Senior executive and staff benefits are all on review including seat perks and other benefits.
Mr. Amranand said the four year strategic plan includes a fleet and capital plan which are to be completed in December 2009 for implementation in 2010.
Mr. Amranand laid out five strategies for THAI’s recovery and growth:
- Aligning customer service to better suit customer needs, such as inflight menus to be more in line with customer preference and to take greater care of customers affected by cancelled/delayed flights.
- Better cooperation between THAI business units through a restructured business plan to deliver an outstanding customer experience compared to peers.
- A more dynamic and responsive organization structure improving response to rapid changes in the industry.
- A focus on revenue enhancement by improving sales distribution effectiveness and a revised pricing policy offering more standardized fares through both direct and agency sales.
- Introducing of a “whistleblower policy” to enhance internal governance.
"The 26th Thailand International Motor Expo 2009” is confident of pulling 1.6 million visitors 32 car companies ready with promotions to boost year
“The 26th Thailand International Motor Expo 2009” has been launched at IMPACT, expecting 1.6 million spectators. 32 car brands offer appealing promotions to raise bookings to 15,000 cars. Organizer delighted Prime Minister Abhisit Vejjajiva will give Special Talk at the Expo.
Mr. Kwanchai Paphatphong, President of Inter-Media Consultant Co., Ltd. and Organizing Chairman of “The 26th Thailand International Motor Expo 2009” revealed, “The Expo is held this year under the concept “Driving…for Sustainability” as the Organizer wishes that all stakeholders co-operate in “driving” Thailand’s automotive industry to prevail over the economic crisis and attain sustainable success in the future. The symbol depicts light at the end of the tunnel, signifying the waiting success, led to by lines connoting the committed drive towards the destination”.
The 32 car brands participating in “The 26th Thailand International Motor Expo 2009” comprise Audi, BMW, Chery, Chevrolet, Citroen, DFM, Fiat, Ford, Grand Carryboy, Honda, Hyundai, Isuzu, Kia, Land Rover, Magnate, Mazda, MINI, Mitsubishi, Mitsuoka, MTM, Nissan, Peugeot, Polarsun, Proton, Skoda, SsangYong, Subaru, Suzuki, Tata, Toyota, Volkswagen, and Volvo.
Visitors can also see many Concept and Outstanding cars, on exhibition only and not for sale.
- Ford Fiesta the popular small car with worldwide sales of more than 12 million units.
- Chevrolet Camaro High-performance sports coupe, rival of Ford Mustang.
- Honda Insight A mild hybrid featuring Integrated Motor Assist system.
- Hyundai ix-onic The 6th Concept Car from Hyundai Design Center in Rüsselsheim, Germany that introduces a whole new look for Hyundai 's new series of compact SUVs replacing the Hyundai Tucson.
- Suzuki Swift Super 1600 JWRC The rally car used in Junior WRC with widened body based on the 3-door Suzuki Swift Super.
- Toyota Prius The latest third generation 5-door hatchback hybrid in wedge-shaped, more aerodynamic body with only 0.25 coefficient of drag. It looks distinctly updated both outside and inside.
And the Honda PCX 125 cc high-end scooter will also be shown in the Expo, by A.P. Honda for the first time.
“The number of car bookings in the Expo this year is likely to reflect the recently recovering economy at about 15,000 units, close to the 17,000 last year. Anyway, in the Expo last year, we initially forecast 15,000 cars and then along came a political strife so we revised the target down to 13,000 but the final number turned out to be as high as 17,000 units. So we hope the number this year will be close to or even better than last year”, said Mr. Kwanchai.
“We expect the number of visitors from December 2-13 will reach 1.6 million persons as car companies have prepared so many attractive promotional offers to boost their last-quarter sales. In addition, the Organizer also launches a campaign with AIS called Motor Expo Gift Voucher whereby customers can send SMS to win gift vouchers worth 600,000 Baht in total, plus many other special activities to add colours to the Expo and return profits to the visitors.”
“What is very special is the Prime Minister, H.E. Mr. Abhisit Vejjajiva, will do the Motor Expo the honour of giving a Special Talk on the topic “The Way Forward for Thailand’s Automotive Industry and Energy Usage” on Friday 11, December 2009 at 1400 hrs. followed by an open forum for car companies to exchange views on development of the Thai automotive industry” said Mr. Kwanchai.
Regarding enhancement of convenience for Expo visitors and customers, IMPACT, Muang Thong Thani, has co-operated in adding car parking spaces and locations for food & beverage services, as well as installing thermal scanners to scan visitors as measure to suppress the new strain of influenza virus 2009 from spreading. The Organizer has also developed a noise management system to keep the noise level down within the specified standard limit so that it will not spoil the ambiance of the Expo.
The Organizing Chairman also disclosed that the Grand Charity Night has been cancelled this year as the economy has been ebbing for most of the year adversely affecting the majority of car companies.
Nevertheless, the Organizer will still continue the social program by donating all proceeds from admission ticket sale on the ”Grand Charity Day” (December 2) to the Uncontaminated Breath Project.
Mr. Kwanchai Paphatphong, President of Inter-Media Consultant Co., Ltd. and Organizing Chairman of “The 26th Thailand International Motor Expo 2009” revealed, “The Expo is held this year under the concept “Driving…for Sustainability” as the Organizer wishes that all stakeholders co-operate in “driving” Thailand’s automotive industry to prevail over the economic crisis and attain sustainable success in the future. The symbol depicts light at the end of the tunnel, signifying the waiting success, led to by lines connoting the committed drive towards the destination”.
The 32 car brands participating in “The 26th Thailand International Motor Expo 2009” comprise Audi, BMW, Chery, Chevrolet, Citroen, DFM, Fiat, Ford, Grand Carryboy, Honda, Hyundai, Isuzu, Kia, Land Rover, Magnate, Mazda, MINI, Mitsubishi, Mitsuoka, MTM, Nissan, Peugeot, Polarsun, Proton, Skoda, SsangYong, Subaru, Suzuki, Tata, Toyota, Volkswagen, and Volvo.
Visitors can also see many Concept and Outstanding cars, on exhibition only and not for sale.
- Ford Fiesta the popular small car with worldwide sales of more than 12 million units.
- Chevrolet Camaro High-performance sports coupe, rival of Ford Mustang.
- Honda Insight A mild hybrid featuring Integrated Motor Assist system.
- Hyundai ix-onic The 6th Concept Car from Hyundai Design Center in Rüsselsheim, Germany that introduces a whole new look for Hyundai 's new series of compact SUVs replacing the Hyundai Tucson.
- Suzuki Swift Super 1600 JWRC The rally car used in Junior WRC with widened body based on the 3-door Suzuki Swift Super.
- Toyota Prius The latest third generation 5-door hatchback hybrid in wedge-shaped, more aerodynamic body with only 0.25 coefficient of drag. It looks distinctly updated both outside and inside.
And the Honda PCX 125 cc high-end scooter will also be shown in the Expo, by A.P. Honda for the first time.
“The number of car bookings in the Expo this year is likely to reflect the recently recovering economy at about 15,000 units, close to the 17,000 last year. Anyway, in the Expo last year, we initially forecast 15,000 cars and then along came a political strife so we revised the target down to 13,000 but the final number turned out to be as high as 17,000 units. So we hope the number this year will be close to or even better than last year”, said Mr. Kwanchai.
“We expect the number of visitors from December 2-13 will reach 1.6 million persons as car companies have prepared so many attractive promotional offers to boost their last-quarter sales. In addition, the Organizer also launches a campaign with AIS called Motor Expo Gift Voucher whereby customers can send SMS to win gift vouchers worth 600,000 Baht in total, plus many other special activities to add colours to the Expo and return profits to the visitors.”
“What is very special is the Prime Minister, H.E. Mr. Abhisit Vejjajiva, will do the Motor Expo the honour of giving a Special Talk on the topic “The Way Forward for Thailand’s Automotive Industry and Energy Usage” on Friday 11, December 2009 at 1400 hrs. followed by an open forum for car companies to exchange views on development of the Thai automotive industry” said Mr. Kwanchai.
Regarding enhancement of convenience for Expo visitors and customers, IMPACT, Muang Thong Thani, has co-operated in adding car parking spaces and locations for food & beverage services, as well as installing thermal scanners to scan visitors as measure to suppress the new strain of influenza virus 2009 from spreading. The Organizer has also developed a noise management system to keep the noise level down within the specified standard limit so that it will not spoil the ambiance of the Expo.
The Organizing Chairman also disclosed that the Grand Charity Night has been cancelled this year as the economy has been ebbing for most of the year adversely affecting the majority of car companies.
Nevertheless, the Organizer will still continue the social program by donating all proceeds from admission ticket sale on the ”Grand Charity Day” (December 2) to the Uncontaminated Breath Project.
Ausiris hails a new era in gold investments with “Gold Savings” program” to please investors. Launching website for internet trading
Ausiris, Thailand’s leader in gold investment unveils a new form of investment with its “Gold Savings Investment” program together with the launching of a new series of Ausiris gold coins to usher in the New Year. A new service is also being provided to facilitate online gold trading on the internet.
Mr. Boonlert Siripatvanich, President and CEO of Ausiris Co., Ltd. unveiled that the company’s business plans in 2010 would respond to the needs of investors by developing and increasing diverse investment channels. In the next year, investors will be able to select from a variety of options, be it in the form of gold bars, gold savings investment or gold coin collections. The company will offer diverse channels that customers can invest in, while at the same time offering a full service options for Gold Savings Investment.
Mr. Boonlert explained that the first saving option is the “Gold Savings Investment” a program that helps promote greater savings discipline while increasing chances of attaining prosperity for gold investors. The investors can choose either Program 1 Saving with Gold Coin. This type is good for those who prefer saving incrementally through the accumulation of coins that will lead to future prosperity. Simply start from a minimal sum of only 1,000 baht. Program 2 Gold Bar Savings is ideal for those who wish to instill a discipline in saving gold bars starting from the sum of 10,000 baht.
“For the gold coin savings option, investors can start at the minimum of 1,000 baht while for those investing in gold bars, the minimum requirement for investment is 10,000 baht. Both types of investment should be done on a regular basis. The monthly investment amount can be adjusted according to investor’s goals and financial status. The program will bring the money you invest to purchase gold on a daily basis in accordance with each member’s savings period. The operator will deduct money directly from the bank account on the first working day of each month. Your status of savings in terms of money invested and gold ownership will be updated each month free of charge.
Mr. Boonlert also added that the savings program would help promote prosperity by creating discipline through regular savings. He emphasized that there should be a stipulation of the amount being saved each month no matter what the price of gold may be since continuous investments can help lessen the fluctuation in the price of gold. If gold prices increase the ability to purchase gold would increase as well while if prices decreased then one could buy more – all this is dependent on prevailing market conditions.
Since the New Year festivities are drawing near Ausiris has launched a brand new gold coin depicting the sign for the Year of the Tiger for customers who might like to collect coins depicting their birth year signs. There is also the special “Gold Coin for Gift” option with a floral design of Cattheleya orchids or Thai jasmine garlands that make a very meaningful gift.
Mr. Boonlert noted that Ausiris is taking this opportunity to increase its sales channels through online trading on their website. The internet trading system has undergone testing for a period of time and is now ready to offer services to its buyers.
According to Mr. Boonlert, gold has now become a popular new option for investors from several groups or levels who view gold bars as a tangible asset they can be confident in. At the same time the results are also satisfactory especially when compared with investments in other types of assets in the current economic situation we are faced with.
“The demand for gold bars here in Thailand is constantly on the increase since gold is an asset that never diminishes in quality. It has a value in itself that only increases with time and is therefore an attractive asset for investors since the risks are relatively low.”
Mr. Boonlert also offered advice on gold investment strategies congruent to today’s situation reminding investors to be cautious in their moves. Purchasing large quantities of gold at this time is not advisable and it is best to stick to 10-20 baht worth in weight of gold per purchase so as to reduce the risks involved in such transactions. Investors should pay close attention to the movements of the markets and the global economic situation. Most importantly investors should target their purchases in accordance with their individual needs corresponding with the type of god merchandise whether gold bars, gold coins, gold futures etc.
“With the fluctuation we are seeing in today’s economy, investment in gold is still attracting much interest as evident in the increase of purchasing power from the investment sector, the weakening dollar as well as the importation of gold by the central bank for its federal reserves. This means that gold prices will continue to surge until the next year. It is a safe form of investment. The price of gold in the first half of 2010 should remain at around $1000-1,200 per ounce.”
Mr. Boonlert Siripatvanich, President and CEO of Ausiris Co., Ltd. unveiled that the company’s business plans in 2010 would respond to the needs of investors by developing and increasing diverse investment channels. In the next year, investors will be able to select from a variety of options, be it in the form of gold bars, gold savings investment or gold coin collections. The company will offer diverse channels that customers can invest in, while at the same time offering a full service options for Gold Savings Investment.
Mr. Boonlert explained that the first saving option is the “Gold Savings Investment” a program that helps promote greater savings discipline while increasing chances of attaining prosperity for gold investors. The investors can choose either Program 1 Saving with Gold Coin. This type is good for those who prefer saving incrementally through the accumulation of coins that will lead to future prosperity. Simply start from a minimal sum of only 1,000 baht. Program 2 Gold Bar Savings is ideal for those who wish to instill a discipline in saving gold bars starting from the sum of 10,000 baht.
“For the gold coin savings option, investors can start at the minimum of 1,000 baht while for those investing in gold bars, the minimum requirement for investment is 10,000 baht. Both types of investment should be done on a regular basis. The monthly investment amount can be adjusted according to investor’s goals and financial status. The program will bring the money you invest to purchase gold on a daily basis in accordance with each member’s savings period. The operator will deduct money directly from the bank account on the first working day of each month. Your status of savings in terms of money invested and gold ownership will be updated each month free of charge.
Mr. Boonlert also added that the savings program would help promote prosperity by creating discipline through regular savings. He emphasized that there should be a stipulation of the amount being saved each month no matter what the price of gold may be since continuous investments can help lessen the fluctuation in the price of gold. If gold prices increase the ability to purchase gold would increase as well while if prices decreased then one could buy more – all this is dependent on prevailing market conditions.
Since the New Year festivities are drawing near Ausiris has launched a brand new gold coin depicting the sign for the Year of the Tiger for customers who might like to collect coins depicting their birth year signs. There is also the special “Gold Coin for Gift” option with a floral design of Cattheleya orchids or Thai jasmine garlands that make a very meaningful gift.
Mr. Boonlert noted that Ausiris is taking this opportunity to increase its sales channels through online trading on their website. The internet trading system has undergone testing for a period of time and is now ready to offer services to its buyers.
According to Mr. Boonlert, gold has now become a popular new option for investors from several groups or levels who view gold bars as a tangible asset they can be confident in. At the same time the results are also satisfactory especially when compared with investments in other types of assets in the current economic situation we are faced with.
“The demand for gold bars here in Thailand is constantly on the increase since gold is an asset that never diminishes in quality. It has a value in itself that only increases with time and is therefore an attractive asset for investors since the risks are relatively low.”
Mr. Boonlert also offered advice on gold investment strategies congruent to today’s situation reminding investors to be cautious in their moves. Purchasing large quantities of gold at this time is not advisable and it is best to stick to 10-20 baht worth in weight of gold per purchase so as to reduce the risks involved in such transactions. Investors should pay close attention to the movements of the markets and the global economic situation. Most importantly investors should target their purchases in accordance with their individual needs corresponding with the type of god merchandise whether gold bars, gold coins, gold futures etc.
“With the fluctuation we are seeing in today’s economy, investment in gold is still attracting much interest as evident in the increase of purchasing power from the investment sector, the weakening dollar as well as the importation of gold by the central bank for its federal reserves. This means that gold prices will continue to surge until the next year. It is a safe form of investment. The price of gold in the first half of 2010 should remain at around $1000-1,200 per ounce.”
DELL joins VPP to take on projector market using latest DLP technology
Company to highlight after-sales services and superior warranty to rise to the top in 3 years
DELL has once again made an important development in Thailand’s IT industry with the latest cooperation with VPP Systems and Engineering as distributor to promote the sales of projector products among retail customers after enjoying overwhelming responses from commercial customers. The company is confident in its superior warranty and after-sales services with latest projector technology DLP, which is developed to replace the conventional LCD, to attract buyers. The new technology helps make projector more compact and light weight to pave way for Dell to reach the market’s top spot within 3 years.
Mr. Anothai Wetyakorn, Managing Director of DELL Corporation (Thailand) Co., Ltd., one of the leaders in Thailand’s IT industry, disclosed that DELL had selected VPP Systems and Engineering Co., Ltd., leader in sales and distribution of projector products in Thailand to handle distribution of DELL projectors in attempt to break into retail consumers after enjoying tremendous acceptance from commercial buyers. “We are planning to offer products to retail customers starting late this year. The introduction of DELL projector products in Thailand is part of the company’s expansion of product line to cover greater consumer needs. We have so far done well with large corporate customers and this time we would like to reach out to retail customers with 4 quality projector models. With excellent product quality and warranty, along with strength of VPP Systems and Engineering, we are confident in becoming the leader in DLP technology projector in the Kingdom within 3 years,” he said.
As for details of DELL projectors, Mr. Krittawit Kritiyarunegroj, Marketing Manager, South Asia, DELL Corporation, said: “DELL will offer 4 projector models using the latest DLP technology. These models are namely M109S at 16,900 baht; 1210S at 18,500 baht; 1410X at 22,700 baht and 4310WX at 39,000 baht. These new projectors are priced similarly to the LCD projector but with better picture clarity, compact design and light weight feature to attract modern consumers. Most important of all, DELL is highly recognized for its superior after-sales services and service warranty of free repair for 2 years. The bulb also comes with warranty of 2,500 hours, which is 2.5 times longer than the conventional 1,000-hour warranty,” he explained.
During the introductory period, DELL Corporation (Thailand) will offer a special promotion, which includes 2-year free repair at site, bulb warranty of up to 2,500 hours, free 70” X 70” projector screen and premium designed projector bag.
DELL has once again made an important development in Thailand’s IT industry with the latest cooperation with VPP Systems and Engineering as distributor to promote the sales of projector products among retail customers after enjoying overwhelming responses from commercial customers. The company is confident in its superior warranty and after-sales services with latest projector technology DLP, which is developed to replace the conventional LCD, to attract buyers. The new technology helps make projector more compact and light weight to pave way for Dell to reach the market’s top spot within 3 years.
Mr. Anothai Wetyakorn, Managing Director of DELL Corporation (Thailand) Co., Ltd., one of the leaders in Thailand’s IT industry, disclosed that DELL had selected VPP Systems and Engineering Co., Ltd., leader in sales and distribution of projector products in Thailand to handle distribution of DELL projectors in attempt to break into retail consumers after enjoying tremendous acceptance from commercial buyers. “We are planning to offer products to retail customers starting late this year. The introduction of DELL projector products in Thailand is part of the company’s expansion of product line to cover greater consumer needs. We have so far done well with large corporate customers and this time we would like to reach out to retail customers with 4 quality projector models. With excellent product quality and warranty, along with strength of VPP Systems and Engineering, we are confident in becoming the leader in DLP technology projector in the Kingdom within 3 years,” he said.
As for details of DELL projectors, Mr. Krittawit Kritiyarunegroj, Marketing Manager, South Asia, DELL Corporation, said: “DELL will offer 4 projector models using the latest DLP technology. These models are namely M109S at 16,900 baht; 1210S at 18,500 baht; 1410X at 22,700 baht and 4310WX at 39,000 baht. These new projectors are priced similarly to the LCD projector but with better picture clarity, compact design and light weight feature to attract modern consumers. Most important of all, DELL is highly recognized for its superior after-sales services and service warranty of free repair for 2 years. The bulb also comes with warranty of 2,500 hours, which is 2.5 times longer than the conventional 1,000-hour warranty,” he explained.
During the introductory period, DELL Corporation (Thailand) will offer a special promotion, which includes 2-year free repair at site, bulb warranty of up to 2,500 hours, free 70” X 70” projector screen and premium designed projector bag.
Sunday, November 8, 2009
Christmas in Copenhagen
The 19th century Danish storyteller Hans Christian Andersen once described Christmas time in his country as "magnificent,incomparably magnificent." A visit to Copenhagen in the run-up to Christmas is proof that this has not changed with the city looking its most festive. An enormous decorated Christmas tree stands in front of the mayor's house and half a million Christmas lights can be found blinking in Tivoli park which hosts the biggest Christmas market in Scandinavia fromNov 20 to Dec 30. Stall owners sell everything from Christmas gift ideas to homemade wooden items.
Also on sale are festive foods such as cakes and sweets and needless to say there is plenty of Jule Glogg, Denmark's Christmas punch, to be had. Glogg is a mixture of red wine and schnapps with raisins, almonds and cinnamon. Children can ride a carousel or a pony in Tivoli and there's ice skating on the park's small lake with its Chinese tower.
The Danish capital is very pedestrian friendly and easy to find your way around. Stroget pedestrian zone, for example, is a kilometre long and most shops stay open until 8pm at the weekends in December.
Also on sale are festive foods such as cakes and sweets and needless to say there is plenty of Jule Glogg, Denmark's Christmas punch, to be had. Glogg is a mixture of red wine and schnapps with raisins, almonds and cinnamon. Children can ride a carousel or a pony in Tivoli and there's ice skating on the park's small lake with its Chinese tower.
The Danish capital is very pedestrian friendly and easy to find your way around. Stroget pedestrian zone, for example, is a kilometre long and most shops stay open until 8pm at the weekends in December.
Central to expand fashion-watch range
Central Trading, importer and distributor of brand-name goods, will be expanding its portfolio fo wathches next year to serve increasing demand.
The company currently sells five fashion watch brands, including Casio G-Shock and Guess. The segment increases by 30 per cent per year on average and the sale of Casio and Guess models is expected to ries by the same level this year.
Central Trading is holding a "Shock the World" global campaign from December 9 to sell the Casio G-Shock series in several major cities, including Berlin, London, Paris, Hong Kong and Bangkok.
The company currently sells five fashion watch brands, including Casio G-Shock and Guess. The segment increases by 30 per cent per year on average and the sale of Casio and Guess models is expected to ries by the same level this year.
Central Trading is holding a "Shock the World" global campaign from December 9 to sell the Casio G-Shock series in several major cities, including Berlin, London, Paris, Hong Kong and Bangkok.
Flower extravaganza set to return
The floral extravaganza Ratchaphruek Festival returns to Chiang Mai next month from Dec 1-10 to celebrate the 82nd birthday anniversary of His Majesty the King, the world's longest reigning monarch.
Organised by the Ministry of Agriculture and Cooperatives,the provincial administration and the Tourism Authority of Thailand (TAT), the festival is expected to draw more than 200,000 visitors.
According to Juthaporn Rerngronasa, TAT's deputy governor for marketing communications, on Dec 5,which is the King's birthday,there will be a grand ceremony involving the lighting of candles and offering of prayers wishing His Majesty sound health,followed by fireworks and light and sound presentation.
Prime Minister Abhisit Vejjajiva will preside over the festival opening on Dec 1 when he'd join local notaries to release 999 floating lanterns, followed by Thai classical dances from the four regions of the country,with 99 performers from each region.
Taking place at the same venue that played host to the Royal Flora Ratchaphruek held to celebrate the 60th anniversary of His Majesty's accension to the throne in 2006, the festival is an exhibition of flowers, plants and fruits,sale of farm products, handicrafts and OTOP goods, and contests featuring farm commodities.
The event three years ago featured roughly 2.5 million plants and flowers,including some rare orchids, and drew about as many visitors.
"The festival should help boost tourism and raise hotel occupancy in Chiang Mai," said the deputy governor.
A first in Chanthaburi
Launched on Oct 26 in Chanthaburi,the first training centre for management of shipwrecks and underwater cultural heritage brings together 16 archaeologists from across the Southeast Asia region.
The training programme is a part-nership between Unesco, the Ministry of Culture and the Underwater Archaeology Division of the Department of Fine Arts.
"Thousands of historical items have already been stolen by treasure hunters and if preventative measures are not put into place to combat the illegal trade,even more priceless treasures will disappear from Asian waters," said Ricardo Favis of Unesco's Bangkok office, adding "Asian maritime archaeologists are still in their infancy, so we must improve their knowledge and skills."
The first batch comprises trainees from Cambodia, Indonesia, Laos, Malaysia,the Philippines, Sri Lanka and Thailand.The course runs until Dec 5. It is conducted by experts from Australia, England and Holland, and covers subjects such as maritime law,in situ preservation of shipwrecks and underwater sites, museology, treasure hunters and monitoring techniques, shipbuilding technology and ethnographic boat recording.
The Chantaburi facility is one of the best-equipped in the region and located in proximity of shipwreck sites, allowing the trainees to field-test practical skills.
Major TAT push in Moscow
The Tourism Authority of Thailand's (TAT) office in Moscow has embarked on a major offensive after the number of Russians visiting Thailand dropped 29.43 per cent in the first four months of this year.
In 2008, Russian visitors to Thailand totaled 319,587, up 14.23%over the previous year, and generated 16.24 billion baht in tourism revenue. During 2002-08, the number of Russian visitors to Thailand grew by an annual average of 28.79% while their spending grew by 32.76% annually. However, the global financial crisis saw their number drop by 29.43% during January to April this year.
Therefore TAT's Moscow office launched the "Welcome to Thailand Mega Fam" campaign last week, reining in 70 Russian travel agents and media representatives to its cause."Our research shows many opportunities for growth," said Juthaporn Rerngronasa, TAT's deputy governor in charge of marketing communications."Russia is mainly a winter-season market as Russians love our warm weather, the beaches and the sea. Many also enjoy learning diving and exploring underwater treasures around the Andamans and the Gulf of Thailand."
TAT is targetting high-end tourists and meeting delegates through tour packages to Bangkok with a detour to neighbouring countries, and expects the campaign to generate 293,000 visitors from Russian alone, not to mention the Central Asian republics, for a turnover of roughly 14.03 billion baht this winter.
Park encroachment
The Department of National Park,Wildlife and Plant Conservation last week raided a marine park in Trang Province,the site of a private resort, and seized 20 workers before ordering a halt to further construction.
Almost 80 per cent complete the resort,valued at 20 million baht, belongs to a Songkhla businessman. Located in Hat Chao Mai Marine Park, it's built on a strip of land where construction is forbidden.
The raid followed complaints from locals. Somchai Masathien, director of the Forest Fire Control Division led a 50-strong force to the construction site and arrested the workers, after which he told the local media that the building will be demolished.
Tiger resumes flights
Anticipating a rise in passenger traffic during the upcoming tourist season, Tiger Airways has resumed flights between Singapore and Krabi.
"We are very excited about the resumption of Krabi flights. With four flights a week you now have an additional choice of a holiday destination," said Tiger Airways Managing Director Rosalynn Tay.
All of them are afternoon flights available Monday, Wednesday, Friday and Sunday. The start-up price is at 535 baht excluding surcharges.
Visit www.tigerairways.com for more information.
Organised by the Ministry of Agriculture and Cooperatives,the provincial administration and the Tourism Authority of Thailand (TAT), the festival is expected to draw more than 200,000 visitors.
According to Juthaporn Rerngronasa, TAT's deputy governor for marketing communications, on Dec 5,which is the King's birthday,there will be a grand ceremony involving the lighting of candles and offering of prayers wishing His Majesty sound health,followed by fireworks and light and sound presentation.
Prime Minister Abhisit Vejjajiva will preside over the festival opening on Dec 1 when he'd join local notaries to release 999 floating lanterns, followed by Thai classical dances from the four regions of the country,with 99 performers from each region.
Taking place at the same venue that played host to the Royal Flora Ratchaphruek held to celebrate the 60th anniversary of His Majesty's accension to the throne in 2006, the festival is an exhibition of flowers, plants and fruits,sale of farm products, handicrafts and OTOP goods, and contests featuring farm commodities.
The event three years ago featured roughly 2.5 million plants and flowers,including some rare orchids, and drew about as many visitors.
"The festival should help boost tourism and raise hotel occupancy in Chiang Mai," said the deputy governor.
A first in Chanthaburi
Launched on Oct 26 in Chanthaburi,the first training centre for management of shipwrecks and underwater cultural heritage brings together 16 archaeologists from across the Southeast Asia region.
The training programme is a part-nership between Unesco, the Ministry of Culture and the Underwater Archaeology Division of the Department of Fine Arts.
"Thousands of historical items have already been stolen by treasure hunters and if preventative measures are not put into place to combat the illegal trade,even more priceless treasures will disappear from Asian waters," said Ricardo Favis of Unesco's Bangkok office, adding "Asian maritime archaeologists are still in their infancy, so we must improve their knowledge and skills."
The first batch comprises trainees from Cambodia, Indonesia, Laos, Malaysia,the Philippines, Sri Lanka and Thailand.The course runs until Dec 5. It is conducted by experts from Australia, England and Holland, and covers subjects such as maritime law,in situ preservation of shipwrecks and underwater sites, museology, treasure hunters and monitoring techniques, shipbuilding technology and ethnographic boat recording.
The Chantaburi facility is one of the best-equipped in the region and located in proximity of shipwreck sites, allowing the trainees to field-test practical skills.
Major TAT push in Moscow
The Tourism Authority of Thailand's (TAT) office in Moscow has embarked on a major offensive after the number of Russians visiting Thailand dropped 29.43 per cent in the first four months of this year.
In 2008, Russian visitors to Thailand totaled 319,587, up 14.23%over the previous year, and generated 16.24 billion baht in tourism revenue. During 2002-08, the number of Russian visitors to Thailand grew by an annual average of 28.79% while their spending grew by 32.76% annually. However, the global financial crisis saw their number drop by 29.43% during January to April this year.
Therefore TAT's Moscow office launched the "Welcome to Thailand Mega Fam" campaign last week, reining in 70 Russian travel agents and media representatives to its cause."Our research shows many opportunities for growth," said Juthaporn Rerngronasa, TAT's deputy governor in charge of marketing communications."Russia is mainly a winter-season market as Russians love our warm weather, the beaches and the sea. Many also enjoy learning diving and exploring underwater treasures around the Andamans and the Gulf of Thailand."
TAT is targetting high-end tourists and meeting delegates through tour packages to Bangkok with a detour to neighbouring countries, and expects the campaign to generate 293,000 visitors from Russian alone, not to mention the Central Asian republics, for a turnover of roughly 14.03 billion baht this winter.
Park encroachment
The Department of National Park,Wildlife and Plant Conservation last week raided a marine park in Trang Province,the site of a private resort, and seized 20 workers before ordering a halt to further construction.
Almost 80 per cent complete the resort,valued at 20 million baht, belongs to a Songkhla businessman. Located in Hat Chao Mai Marine Park, it's built on a strip of land where construction is forbidden.
The raid followed complaints from locals. Somchai Masathien, director of the Forest Fire Control Division led a 50-strong force to the construction site and arrested the workers, after which he told the local media that the building will be demolished.
Tiger resumes flights
Anticipating a rise in passenger traffic during the upcoming tourist season, Tiger Airways has resumed flights between Singapore and Krabi.
"We are very excited about the resumption of Krabi flights. With four flights a week you now have an additional choice of a holiday destination," said Tiger Airways Managing Director Rosalynn Tay.
All of them are afternoon flights available Monday, Wednesday, Friday and Sunday. The start-up price is at 535 baht excluding surcharges.
Visit www.tigerairways.com for more information.
Fitness for the office-bound
Sports Mall's latest marketing campaign, "Get Fit with Sports Mall", is expected to generate sales of more than Bt700 million this quarter.
Sports Mall is the trendy sports apparel and equipment section in every The Mall branch, Emporium and Paragon.
Suntorn Sureeleungkhajohn, assistant general manager for merchandise, said yesterday that the initiative focuses on office employees and fitness-minded individuals, especially those who are too busy to exercise.
Sports Mall wants office employees to concentrate on their physical well-being and exercise more and also wants to inspire people to exercise and participate in sports.
Sports Mall spent Bt2 million on this campaign along with the two largest fitness centres in Thailand. Fitness First has 17 branches and at least 80,000 members and California WOW has at least 160,000 members. The cross promotion seeks to provide value-added benefits to customers, including a strategy for using the M Card, Sports Mall's membership card with at least one million members.
Sports Mall is the trendy sports apparel and equipment section in every The Mall branch, Emporium and Paragon.
Suntorn Sureeleungkhajohn, assistant general manager for merchandise, said yesterday that the initiative focuses on office employees and fitness-minded individuals, especially those who are too busy to exercise.
Sports Mall wants office employees to concentrate on their physical well-being and exercise more and also wants to inspire people to exercise and participate in sports.
Sports Mall spent Bt2 million on this campaign along with the two largest fitness centres in Thailand. Fitness First has 17 branches and at least 80,000 members and California WOW has at least 160,000 members. The cross promotion seeks to provide value-added benefits to customers, including a strategy for using the M Card, Sports Mall's membership card with at least one million members.
Wednesday, November 4, 2009
Magnificent seven
In the most important, most revered event since the invention of the brontosaurus trap,Microsoft shipped the most incredibly fabulous operating system ever made; the release of Windows 7 also spurred a new generation of personal computers of all sizes at prices well below last month's offers.The top reason Windows 7 does not suck: There is no registered website called Windows7Sucks.com
Kindle e-book reader maker Amazon.com and new Nook e-book reader vendor Barnes and Noble got it on; B&N got great reviews for the "Kindle killer"Nook, with dual screens and touch controls so you can "turn" pages, plays MP3s and allows many non-B&N book formats, although not the Kindle one;Amazon then killed the US version of its Kindle in favour of the international one, reduced its price to $260(8,700 baht), same as the Nook; it's not yet clear what you can get in Thailand with a Nook, but you sure can't (yet) get much, relatively speaking, with a Kindle;but here's the biggest difference so far,which Amazon.com has ignored: the Nook lets you lend e-books to any other Nook owner, just as if they were paper books; the borrowed books expire on the borrower's Nook in two weeks.
Phone maker Nokia of Finland announced it is suing iPhone maker Apple of America for being a copycat; lawyers said they figure Nokia can get at least one, probably two per cent (retail) for every iPhone sold by Steve "President for Life" Jobs and crew via the lawsuit,which sure beats working for it -$6 (200 baht) to $12(400 baht) on 30 million phones sold so far, works out to $400 million or 25 percent of the whole Apple empire profits during the last quarter;there were 10 patent thefts, the Finnish executives said, on everything from moving data to security and encryption.
Nokia of Finland announced that it is one month behind on shipping its new flagship N900 phone, the first to run on Linux software; delay of the $750(25,000 baht) phone had absolutely no part in making Nokia so short that it had to sue Apple, slap yourself for such a thought.
Tim Berners-Lee, who created the World Wide Web, said he had one regret:the double slash that follows the "http:"in standard web addresses; he estimated that 14.2 gazillion users have wasted 48.72 bazillion hours typing those two keystrokes, and he's sorry; of course there's no reason to ever type that, since your browser does it for you when you type "www.bangkokpost.com" but Tim needs to admit he made one error in his lifetime.
The International Telecommunication Union of the United Nations, which doesn't sell any phones or services, announced that there should be a mobile phone charger that will work with any phone; now who would ever have thought of that, without a UN body to wind up a major study on the subject?;the GSM Association estimates that 51,000 tonnes of chargers are made each year in order to keep companies able to have their own unique ones.
The Well, Doh Award of the Week was presented at arm's length to the United Nations Conference on Trade and Development; the group's deputy secretary-general Petko Draganov said that developing countries will miss some of the stuff available on the Internet if they don't install more broadband infrastructure; a report that used your tax baht to compile said that quite a few people use mobile phones but companies are more likely to invest in countries with excellent broadband connections; no one ever had thought of this before, right?
Sun Microsystems , as a result of the Oracle takeover, said it will allow 3,000 current workers never to bother coming to work again; Sun referred to the losses as "jobs," not people; now the fourth largest server maker in the world, Sun said it lost $2.2 billion in its last fiscal year; European regulators are holding up approval of the Oracle purchase in the hope of getting some money in exchange for not involving Oracle in court cases.
The multi-gazillionaire and very annoying investor Carl Icahn resigned from the board at Yahoo ; he spun it as a vote of confidence, saying current directors are taking the formerly threatened company seriously; Yahoo reported increased profits but smaller revenues in the third quarter.
The US House of Representatives voted to censure Vietnam for jailing bloggers; the non-binding resolution sponsored by southern California congresswoman Loretta Sanchez said the Internet is "a crucial tool for the citizens of Vietnam to be able to exercise their freedom of expression and association;"Hanoi has recently jailed at least nine activists for up to six years apiece for holding pro-democracy banners. Iran jailed blogger Hossein "Hoder" Derakshan for 10 months - in solitary confinement.
Kindle e-book reader maker Amazon.com and new Nook e-book reader vendor Barnes and Noble got it on; B&N got great reviews for the "Kindle killer"Nook, with dual screens and touch controls so you can "turn" pages, plays MP3s and allows many non-B&N book formats, although not the Kindle one;Amazon then killed the US version of its Kindle in favour of the international one, reduced its price to $260(8,700 baht), same as the Nook; it's not yet clear what you can get in Thailand with a Nook, but you sure can't (yet) get much, relatively speaking, with a Kindle;but here's the biggest difference so far,which Amazon.com has ignored: the Nook lets you lend e-books to any other Nook owner, just as if they were paper books; the borrowed books expire on the borrower's Nook in two weeks.
Phone maker Nokia of Finland announced it is suing iPhone maker Apple of America for being a copycat; lawyers said they figure Nokia can get at least one, probably two per cent (retail) for every iPhone sold by Steve "President for Life" Jobs and crew via the lawsuit,which sure beats working for it -$6 (200 baht) to $12(400 baht) on 30 million phones sold so far, works out to $400 million or 25 percent of the whole Apple empire profits during the last quarter;there were 10 patent thefts, the Finnish executives said, on everything from moving data to security and encryption.
Nokia of Finland announced that it is one month behind on shipping its new flagship N900 phone, the first to run on Linux software; delay of the $750(25,000 baht) phone had absolutely no part in making Nokia so short that it had to sue Apple, slap yourself for such a thought.
Tim Berners-Lee, who created the World Wide Web, said he had one regret:the double slash that follows the "http:"in standard web addresses; he estimated that 14.2 gazillion users have wasted 48.72 bazillion hours typing those two keystrokes, and he's sorry; of course there's no reason to ever type that, since your browser does it for you when you type "www.bangkokpost.com" but Tim needs to admit he made one error in his lifetime.
The International Telecommunication Union of the United Nations, which doesn't sell any phones or services, announced that there should be a mobile phone charger that will work with any phone; now who would ever have thought of that, without a UN body to wind up a major study on the subject?;the GSM Association estimates that 51,000 tonnes of chargers are made each year in order to keep companies able to have their own unique ones.
The Well, Doh Award of the Week was presented at arm's length to the United Nations Conference on Trade and Development; the group's deputy secretary-general Petko Draganov said that developing countries will miss some of the stuff available on the Internet if they don't install more broadband infrastructure; a report that used your tax baht to compile said that quite a few people use mobile phones but companies are more likely to invest in countries with excellent broadband connections; no one ever had thought of this before, right?
Sun Microsystems , as a result of the Oracle takeover, said it will allow 3,000 current workers never to bother coming to work again; Sun referred to the losses as "jobs," not people; now the fourth largest server maker in the world, Sun said it lost $2.2 billion in its last fiscal year; European regulators are holding up approval of the Oracle purchase in the hope of getting some money in exchange for not involving Oracle in court cases.
The multi-gazillionaire and very annoying investor Carl Icahn resigned from the board at Yahoo ; he spun it as a vote of confidence, saying current directors are taking the formerly threatened company seriously; Yahoo reported increased profits but smaller revenues in the third quarter.
The US House of Representatives voted to censure Vietnam for jailing bloggers; the non-binding resolution sponsored by southern California congresswoman Loretta Sanchez said the Internet is "a crucial tool for the citizens of Vietnam to be able to exercise their freedom of expression and association;"Hanoi has recently jailed at least nine activists for up to six years apiece for holding pro-democracy banners. Iran jailed blogger Hossein "Hoder" Derakshan for 10 months - in solitary confinement.
TWO HELD OVER RUMOURS
Police yesterday presented two Thais with reported brokerage backgrounds who have been charged with spreading rumours that led to panic selling on the local stock market earlier this month.
Thiranan Vipuchanan, 43, who reportedly used to work as a securities executive, was arrested at Suvarnabhumi Airport on her return from a European tour. Katha Pajajiriyapong, 37, also working for a securities firm, was arrested in Silom.
Both were charged with violating the computer law after allegedly disseminating incorrect information that could threaten national security or cause public panic.
An initial police report said Katha worked for KT ZMICO securities. There remained confusion about Thiranan's workplace, and a securities company linked with her strongly denied she was working for them.
After she was arrested, a smiling Thiranan told reporters she was only relaying a foreign news report concerning Thailand on the first day of the two-day stock turmoil.
"People were wanting to know why the market fell like that, so I translated news from a foreign media website. It wasn't my intention to cause the stock index to dive [further]," she said.
Police searched her home in the Ratchadaphisek area and seized a computer notebook, mobile phone, digital camera, memory card and desktop computer hard disk. Similar evidence was also taken from Katha.
Thiranan allegedly posted her "translation" on the Prachathai news website, under the user name "BBB". The other suspect, Katha, allegedly posted his contentious information on the "Under the same sky" website.
Both websites are known for their strong political stance and sympathy for former prime minister Thaksin Shinawatra.
Thai authorities blamed rumours concerning His Majesty the King's health for the stock plunge earlier this month, which not only unnerved the stock market but also caused great anxiety for the Thai public in general. Calls were made for the government to conduct an inquiry into the source of the rumours, which some thought came from abroad.
Yesterday's police press conference on the arrests was brief. The suspects were said to have been apprehended for allegedly violating Article 14 of the computer law by circulating false information concerning His Majesty. They face five years in jail or a Bt100,000 fine, or both.
The suspects, who looked calm, said little to reporters.
Police, however, claimed they had confessed to the initial charge of publishing information about the King's medical condition on the Internet. This was despite Thiranan telling reporters she was reacting to the stock market's deep dip rather than causing the sell-off.
Thiranan Vipuchanan, 43, who reportedly used to work as a securities executive, was arrested at Suvarnabhumi Airport on her return from a European tour. Katha Pajajiriyapong, 37, also working for a securities firm, was arrested in Silom.
Both were charged with violating the computer law after allegedly disseminating incorrect information that could threaten national security or cause public panic.
An initial police report said Katha worked for KT ZMICO securities. There remained confusion about Thiranan's workplace, and a securities company linked with her strongly denied she was working for them.
After she was arrested, a smiling Thiranan told reporters she was only relaying a foreign news report concerning Thailand on the first day of the two-day stock turmoil.
"People were wanting to know why the market fell like that, so I translated news from a foreign media website. It wasn't my intention to cause the stock index to dive [further]," she said.
Police searched her home in the Ratchadaphisek area and seized a computer notebook, mobile phone, digital camera, memory card and desktop computer hard disk. Similar evidence was also taken from Katha.
Thiranan allegedly posted her "translation" on the Prachathai news website, under the user name "BBB". The other suspect, Katha, allegedly posted his contentious information on the "Under the same sky" website.
Both websites are known for their strong political stance and sympathy for former prime minister Thaksin Shinawatra.
Thai authorities blamed rumours concerning His Majesty the King's health for the stock plunge earlier this month, which not only unnerved the stock market but also caused great anxiety for the Thai public in general. Calls were made for the government to conduct an inquiry into the source of the rumours, which some thought came from abroad.
Yesterday's police press conference on the arrests was brief. The suspects were said to have been apprehended for allegedly violating Article 14 of the computer law by circulating false information concerning His Majesty. They face five years in jail or a Bt100,000 fine, or both.
The suspects, who looked calm, said little to reporters.
Police, however, claimed they had confessed to the initial charge of publishing information about the King's medical condition on the Internet. This was despite Thiranan telling reporters she was reacting to the stock market's deep dip rather than causing the sell-off.
Thursday, October 29, 2009
See you in Bangkok!
Nation editor THanong KHanthong Has an exclusive interview with Rakesh Saxena before the Canadian Supreme Court rules on his extradition.
It was quite some time ago when we last talked. When I placed a call to Rakesh Saxena on Wednesday night, I was expecting that he might not be in any mood to talk to me. I had heard about his deteriorating health from his oversize and his drinking habit. The long course of his legal battle against the extradition charge from the Royal Thai Government was due for a decisive outcome in the following day.
I always have his Vancouver number in my mobile. One of his bodyguards answered the phone.
"Excuse me, who's speaking?" he asked. He was very polite.
"I would like to talk to Mr Rakesh. Please tell him that my name is Thanong and I am calling from Bangkok. He knows me very well."
"Ok, wait a moment."
There was a series of slight beeping sound as my line was being transferred to Rakesh's phone. He picked up the phone. Over the next 10 minutes, he fired his words like a machine gun. I had a hard time keeping track with his rumbling over words in his throat.
He still sounded like Rakesh, the same old Rakesh that I have known for almost two decades. As always, he was upbeat, straight to the point, daring and unemotional. His trademark is his boyish laugh "hehehehe" at the end of his "youknowwhatImean" sentence.
He did not show the slightest sign of any worries. Everything he said was just a matter of fact.
I asked him about the prospect of the extradition case. "The police and Thai authorities are making a big fuss in Bangkok. They are expecting to have you back in Bangkok," I told him.
Indeed, the Thai authorities had staged a big PR stunt over this extradition case as if the Supreme Court of Canada (Ottawa) would not grant him leave to appeal the deportation order. If Rakesh were to lose his appeal, he would be whisked away in his wheel chair to Bangkok immediately.
Rakesh kept his cool. He was not worried at all.
He said the Supreme Court of Canada would render its decision on the "application for Leave to Appeal" the lower court's decision on Thursday at 10.00 am Vancouver time.
In June, the B.C. Court of Appeal rejected his bid to overturn earlier rulings upholding his removal.
"If Leave is granted, then it will take another 47 months to pursue the Leave," he said. "If Leave is not granted, the legal process technically comes to a close."
"That means I am going to see you in Bangkok," I said.
"Yes, then nobody can do anything about it," he said.
But he went further to explain that the decision is on Leave, in the first place; it is not a guilt or innocence decision.
"The Supreme Court of Canada (Ottawa) only grants leave if the case is of national importancea different criteria altogether," he said.
If Rakesh win his appeal for yet another time, chances are that he can delay the process until the statutory limitation of the case expires in July 2010. He has been arguing that he would be killed if he were sent back to Bangkok. Prison conditions in Thailand are also poor.
Representatives from the police, the public prosecutors and the Foreign Ministry have already flown off to Vancouver to hear the verdict. Some Thai reporters have also flown to Beijing, hoping to join Rakesh and the Thai team on the conฌnecting flight back to Bangkok.
For the Abhisit government, it is waiting for a big show time. Many members of the coalition partners (Phi Ban, Phi Ne, Phi Su, Phi Nan, for instance) have ties to BBC.
BBC went into rampant high finance, sweet heart loans to the politicans and takeover deals until it lost its steam. The banking authorities eventually had to pay off almost Bt200 billion for the damage of BBC.
Rakesh left Thailand in 1996, never to return. He is now being held as a "house arrest" in his luxury residence worth US$1.5 million. From his residence, before his health deteriorates, he continued to be active in making financial deals and write his columns in Cross Border Reports.
If Rakesh were to make his presence in Bangkok, the politicians would not have any good sleep. The Democrats would have an upper hand over them.
Rakesh has been fighting this protracted battle since 1996. Many people in Thailand, including me, have written off this case as something that would not make any progress nor would it ever end. Two other high profile extradition cases involve Pin Chakkaphak of the now defunct Finance One Group and Thaksin Shinawatra. Pin prevailed over the extradition charge in the UK court of justice. The peripatetic Thaksin has refused to become a sitting target, and the Thai authorities are reluctant to proceed with the extradition charge against him.
"I have heard that your health is not good and that you have suffered from a stroke," I said.
"Since suffering a stroke this March, the left side of the body is paralyzed and I am under heavy stroke-related medication and physiotherapy treatment," he said.
As Rakesh is the Money Wizard, he can move the financial markets at his fingertip. If he loses his appeal at the Supreme Court, he might touch the "send" button from his computer screen since he has nothing else to lose.
It was quite some time ago when we last talked. When I placed a call to Rakesh Saxena on Wednesday night, I was expecting that he might not be in any mood to talk to me. I had heard about his deteriorating health from his oversize and his drinking habit. The long course of his legal battle against the extradition charge from the Royal Thai Government was due for a decisive outcome in the following day.
I always have his Vancouver number in my mobile. One of his bodyguards answered the phone.
"Excuse me, who's speaking?" he asked. He was very polite.
"I would like to talk to Mr Rakesh. Please tell him that my name is Thanong and I am calling from Bangkok. He knows me very well."
"Ok, wait a moment."
There was a series of slight beeping sound as my line was being transferred to Rakesh's phone. He picked up the phone. Over the next 10 minutes, he fired his words like a machine gun. I had a hard time keeping track with his rumbling over words in his throat.
He still sounded like Rakesh, the same old Rakesh that I have known for almost two decades. As always, he was upbeat, straight to the point, daring and unemotional. His trademark is his boyish laugh "hehehehe" at the end of his "youknowwhatImean" sentence.
He did not show the slightest sign of any worries. Everything he said was just a matter of fact.
I asked him about the prospect of the extradition case. "The police and Thai authorities are making a big fuss in Bangkok. They are expecting to have you back in Bangkok," I told him.
Indeed, the Thai authorities had staged a big PR stunt over this extradition case as if the Supreme Court of Canada (Ottawa) would not grant him leave to appeal the deportation order. If Rakesh were to lose his appeal, he would be whisked away in his wheel chair to Bangkok immediately.
Rakesh kept his cool. He was not worried at all.
He said the Supreme Court of Canada would render its decision on the "application for Leave to Appeal" the lower court's decision on Thursday at 10.00 am Vancouver time.
In June, the B.C. Court of Appeal rejected his bid to overturn earlier rulings upholding his removal.
"If Leave is granted, then it will take another 47 months to pursue the Leave," he said. "If Leave is not granted, the legal process technically comes to a close."
"That means I am going to see you in Bangkok," I said.
"Yes, then nobody can do anything about it," he said.
But he went further to explain that the decision is on Leave, in the first place; it is not a guilt or innocence decision.
"The Supreme Court of Canada (Ottawa) only grants leave if the case is of national importancea different criteria altogether," he said.
If Rakesh win his appeal for yet another time, chances are that he can delay the process until the statutory limitation of the case expires in July 2010. He has been arguing that he would be killed if he were sent back to Bangkok. Prison conditions in Thailand are also poor.
Representatives from the police, the public prosecutors and the Foreign Ministry have already flown off to Vancouver to hear the verdict. Some Thai reporters have also flown to Beijing, hoping to join Rakesh and the Thai team on the conฌnecting flight back to Bangkok.
For the Abhisit government, it is waiting for a big show time. Many members of the coalition partners (Phi Ban, Phi Ne, Phi Su, Phi Nan, for instance) have ties to BBC.
BBC went into rampant high finance, sweet heart loans to the politicans and takeover deals until it lost its steam. The banking authorities eventually had to pay off almost Bt200 billion for the damage of BBC.
Rakesh left Thailand in 1996, never to return. He is now being held as a "house arrest" in his luxury residence worth US$1.5 million. From his residence, before his health deteriorates, he continued to be active in making financial deals and write his columns in Cross Border Reports.
If Rakesh were to make his presence in Bangkok, the politicians would not have any good sleep. The Democrats would have an upper hand over them.
Rakesh has been fighting this protracted battle since 1996. Many people in Thailand, including me, have written off this case as something that would not make any progress nor would it ever end. Two other high profile extradition cases involve Pin Chakkaphak of the now defunct Finance One Group and Thaksin Shinawatra. Pin prevailed over the extradition charge in the UK court of justice. The peripatetic Thaksin has refused to become a sitting target, and the Thai authorities are reluctant to proceed with the extradition charge against him.
"I have heard that your health is not good and that you have suffered from a stroke," I said.
"Since suffering a stroke this March, the left side of the body is paralyzed and I am under heavy stroke-related medication and physiotherapy treatment," he said.
As Rakesh is the Money Wizard, he can move the financial markets at his fingertip. If he loses his appeal at the Supreme Court, he might touch the "send" button from his computer screen since he has nothing else to lose.
China's Sany Heavy Industry plans Thai showroom, factory
Sany Heavy Industry, a Chinese manufacturer of engineering machinery, plans to spend US$40 million (Bt1.34 billion) to open a showroom and plant as a production base for Southeast Asia.
Engineering machinery is used in such activities as general construction, road construction and hoisting.
This project is in line with China's efforts to expand businesses outside of the country.
The company has already established Sany Heavy Industry (Thailand) as a regional office.
Yang Zhihua, assistant to the president of the company, yesterday said Thailand was chosen at this time for several reasons.
Thailand is centrally located in Southeast Asia. Regional sales have shown impressive growth of more than 50 per cent a year, even during times of recession. And the region has suffered less from the global crisis.
The business environment here, including infrastructure and skilled labour, is conducive to investing, and Thailand and China have had good relations for several decades.
Southeast Asia this year is expected to contribute $40 million out of Sany Heavy Industry's targeted worldwide revenue of 30 billion yuan (Bt147 billion), up from 20 billion yuan last year.
The Sany Group, parent of Sany Heavy Industry, has been ranked as a top-10 competitive and trusted listed company in China for three years running. It markets in 130 countries.
The first phase of Sany's investment plan involves setting up a showroom in Bangkok next year at a cost of between $5 million and $6 million, while the second phase will entail building a plant in the Amata City Industrial Estate within three years.
"The Thai production base has the capacity to sell a wide range of machinery worth a combined $50 million per year. Besides Thailand and China, we already operate in the US, India and Germany. We're establishing plants in many destinations, including Europe and South America," he said.
Zhihua expects Sany (Thailand) to generate revenue of Bt500 million next year.
Xia Feng, general manager of Sany Heavy Industry (Thailand), said the market for engineering machinery was worth about $400 million, with Caterpillar the leader. Sany expects to acquire a 30-per-cent share within three years.
Sany's customers include Sino-Thai Engineering and Construction.
Engineering machinery is used in such activities as general construction, road construction and hoisting.
This project is in line with China's efforts to expand businesses outside of the country.
The company has already established Sany Heavy Industry (Thailand) as a regional office.
Yang Zhihua, assistant to the president of the company, yesterday said Thailand was chosen at this time for several reasons.
Thailand is centrally located in Southeast Asia. Regional sales have shown impressive growth of more than 50 per cent a year, even during times of recession. And the region has suffered less from the global crisis.
The business environment here, including infrastructure and skilled labour, is conducive to investing, and Thailand and China have had good relations for several decades.
Southeast Asia this year is expected to contribute $40 million out of Sany Heavy Industry's targeted worldwide revenue of 30 billion yuan (Bt147 billion), up from 20 billion yuan last year.
The Sany Group, parent of Sany Heavy Industry, has been ranked as a top-10 competitive and trusted listed company in China for three years running. It markets in 130 countries.
The first phase of Sany's investment plan involves setting up a showroom in Bangkok next year at a cost of between $5 million and $6 million, while the second phase will entail building a plant in the Amata City Industrial Estate within three years.
"The Thai production base has the capacity to sell a wide range of machinery worth a combined $50 million per year. Besides Thailand and China, we already operate in the US, India and Germany. We're establishing plants in many destinations, including Europe and South America," he said.
Zhihua expects Sany (Thailand) to generate revenue of Bt500 million next year.
Xia Feng, general manager of Sany Heavy Industry (Thailand), said the market for engineering machinery was worth about $400 million, with Caterpillar the leader. Sany expects to acquire a 30-per-cent share within three years.
Sany's customers include Sino-Thai Engineering and Construction.
SAXENA DENIED CANADIAN APPEAL
Rakesh Saxena, a former executive at the Bangkok Bank of Commerce (BBC), whose collapse signalled regulatory failures that led to the 1997 Asian financial crisis, has lost a bid at Canada's highest court to avoid extradition to face fraud charges in Thailand.
The Supreme Court of Canada yesterday denied Saxena's requast for a hearing at which he would have tried to oveturn a lower-court's decision upholding the extradition. The high court gave on reason for its decision.
Saxena, 57, fled to Canada in May 1996 shortly after the Thai government seized the bank to stop a run on deposits triggered by a central bank report that about Bt78 billion of the bank's loans were delinquent. Many of the loans were extended to top executives, their families and friends and politicians, the report said.
The seizure forced the Bank of Thailand's governor to resign and portended a region-wide financial crisis a year later, when the baht's devaluation caused Asian currencies to tumble. Half of the loans at Thai banks went bad.
"Bangkok Bank of Commerce was one of the first cases that exposed problems with Thailand's regulatory environment," said Virapong Boonyobhas, director of the Business Crime and Money Laundering Data Bank at Chulalongkorn University.
Saxena is accused of conspiring to embezzle Bt1.6 billion from the bank, according to a 2006 British Columbia Court of Appeal ruling upholding his extradition.
NOT GIVING UP
Citi Trading, led by Saxena, obtained the loan fraudulently, Judge Kenneth Mackenzie wrote, citing government documents used to support the extradition request. Saxena used the money to pay personal debts as well as those of his other companies, the judge said. Saxena repaid about Bt650 million.
Saxena told bloomberg News in a 1997 telephone interview that he had taken no money from the bank, because as an adviser, he had no authority.
Saxena cannot be prosecuted in Thailand, because there is not enough evidence, his lawyer, Amandeep Singh, said in a telephone interview on Tuesday.
"We haven't given up at this point," Singh said, adding that he would consider his options after the ruling.
To force Saxena onto a plane and send him to Thailand immediately after the ruling would be "draconian", Singh said. Saxena had a stroke in March and is confined to a whellchair, the attorney said.
He did not immediately respond yesterday to a request for comment.
LONG PROCEEDINGS
"To say that the proceedings in Canada have been protracted would be an understatement," Mackenzie wrote three years ago.
Thailand sought Saxena's extradition soon after he arrived in Canada. The 13-year battle has been the longest in Canadian history. Karlheinz Schreiber, a former arms-industry lobbyist, this year lost a 10-year fight against extradition to Germany.
Saxena was free on bail for the first eight years, under what Mackenzie called unusual terms. He was required to pay the cost of supervision, estimated at US$40,028 (now Bt1.34 million) a month.
The fugitive argued that he could not get a fair trial in Thailand and would face possible danger because of alleged human-rights violations in the country, according to Canadian court files.
"There has never been any evidence adduced by the aplicant that he, a criminal defendant, faces the risk of maltreatment," British Columbia Judge John Hall wrote on May 15 on the behalf of a three-member panel that upheld the extradition.
NO MISCONDUCT EVIDENCE
"Allegations that foreign authorities are going to misconduct themselves in relation to a fugitive should not be given credence in the absence of evidence," the judge wrote.
In 2005, Thailand's Criminal Court sentenced Krirkkiat Jalichandra, the bank's former president, to 50 years in prison and fined him $472 million.
A year later, the Anti-Money Laundering Office seized plot of land owned by Saxena worth $2.9 million, the first of his assets to be seized in the country.
The Supreme Court of Canada yesterday denied Saxena's requast for a hearing at which he would have tried to oveturn a lower-court's decision upholding the extradition. The high court gave on reason for its decision.
Saxena, 57, fled to Canada in May 1996 shortly after the Thai government seized the bank to stop a run on deposits triggered by a central bank report that about Bt78 billion of the bank's loans were delinquent. Many of the loans were extended to top executives, their families and friends and politicians, the report said.
The seizure forced the Bank of Thailand's governor to resign and portended a region-wide financial crisis a year later, when the baht's devaluation caused Asian currencies to tumble. Half of the loans at Thai banks went bad.
"Bangkok Bank of Commerce was one of the first cases that exposed problems with Thailand's regulatory environment," said Virapong Boonyobhas, director of the Business Crime and Money Laundering Data Bank at Chulalongkorn University.
Saxena is accused of conspiring to embezzle Bt1.6 billion from the bank, according to a 2006 British Columbia Court of Appeal ruling upholding his extradition.
NOT GIVING UP
Citi Trading, led by Saxena, obtained the loan fraudulently, Judge Kenneth Mackenzie wrote, citing government documents used to support the extradition request. Saxena used the money to pay personal debts as well as those of his other companies, the judge said. Saxena repaid about Bt650 million.
Saxena told bloomberg News in a 1997 telephone interview that he had taken no money from the bank, because as an adviser, he had no authority.
Saxena cannot be prosecuted in Thailand, because there is not enough evidence, his lawyer, Amandeep Singh, said in a telephone interview on Tuesday.
"We haven't given up at this point," Singh said, adding that he would consider his options after the ruling.
To force Saxena onto a plane and send him to Thailand immediately after the ruling would be "draconian", Singh said. Saxena had a stroke in March and is confined to a whellchair, the attorney said.
He did not immediately respond yesterday to a request for comment.
LONG PROCEEDINGS
"To say that the proceedings in Canada have been protracted would be an understatement," Mackenzie wrote three years ago.
Thailand sought Saxena's extradition soon after he arrived in Canada. The 13-year battle has been the longest in Canadian history. Karlheinz Schreiber, a former arms-industry lobbyist, this year lost a 10-year fight against extradition to Germany.
Saxena was free on bail for the first eight years, under what Mackenzie called unusual terms. He was required to pay the cost of supervision, estimated at US$40,028 (now Bt1.34 million) a month.
The fugitive argued that he could not get a fair trial in Thailand and would face possible danger because of alleged human-rights violations in the country, according to Canadian court files.
"There has never been any evidence adduced by the aplicant that he, a criminal defendant, faces the risk of maltreatment," British Columbia Judge John Hall wrote on May 15 on the behalf of a three-member panel that upheld the extradition.
NO MISCONDUCT EVIDENCE
"Allegations that foreign authorities are going to misconduct themselves in relation to a fugitive should not be given credence in the absence of evidence," the judge wrote.
In 2005, Thailand's Criminal Court sentenced Krirkkiat Jalichandra, the bank's former president, to 50 years in prison and fined him $472 million.
A year later, the Anti-Money Laundering Office seized plot of land owned by Saxena worth $2.9 million, the first of his assets to be seized in the country.
Work starts on Trump's Scottish golf resort
Work on a new golf resort in Scotland being built by US tycoon Donald Trump started on Wednesday, despite fierce opposition from local people.
The 1-billion pound (Bt55-billion) coastal resort in Balmedie, near Aberbeen in northeast Scotland, will feature two golf courses, a hotel and around 1,000 holiday homes.
But several local people are still refusing to sell their homes to make way for the site amid a high-profile campaign backed by Oscar-winning actress Tilda Swinton, who lives in the region.
Trump's son Donald Trump Junior, who was at Balmedia as the work started, said he hoped golfers would be able to tee off between 18 months' and two years' time.
Earlier, he described the protestors as "teenage people", accusing them of "little childish stunts".
"We are trying to deliver a golf course that can really be looked at as the greatest golf course anywhere in the world," he told BBC radio on Wednesday.
"The vast majority of the people of the northeast want this project to go forward and have been incredible supporters of us."
But opponents say the local council is giving Trump favaourable treatment because of his wealth and fame, boosted in recent years by his role as host US reality television show "The Apprentice".
The "Tripping Up Trump" group is threatening legal action against the plans, which they say will also be bad for the local environment.
Officials insist they have acted within the rules.
Initial work on the site, which got the green light from councillors on Tuesday, will involve planting marram grass in a bid kto stabilise a large area of sand, erecting fencing on dunes and carryifng out preparatory earthworks.
The golf development is backed by Scotland's devolved government, run by the pro-independence Scottish National Party.
Scotland's tourism and economic development agencies also support it, saying it will attract high-spending visitors from aroung the world.
The 1-billion pound (Bt55-billion) coastal resort in Balmedie, near Aberbeen in northeast Scotland, will feature two golf courses, a hotel and around 1,000 holiday homes.
But several local people are still refusing to sell their homes to make way for the site amid a high-profile campaign backed by Oscar-winning actress Tilda Swinton, who lives in the region.
Trump's son Donald Trump Junior, who was at Balmedia as the work started, said he hoped golfers would be able to tee off between 18 months' and two years' time.
Earlier, he described the protestors as "teenage people", accusing them of "little childish stunts".
"We are trying to deliver a golf course that can really be looked at as the greatest golf course anywhere in the world," he told BBC radio on Wednesday.
"The vast majority of the people of the northeast want this project to go forward and have been incredible supporters of us."
But opponents say the local council is giving Trump favaourable treatment because of his wealth and fame, boosted in recent years by his role as host US reality television show "The Apprentice".
The "Tripping Up Trump" group is threatening legal action against the plans, which they say will also be bad for the local environment.
Officials insist they have acted within the rules.
Initial work on the site, which got the green light from councillors on Tuesday, will involve planting marram grass in a bid kto stabilise a large area of sand, erecting fencing on dunes and carryifng out preparatory earthworks.
The golf development is backed by Scotland's devolved government, run by the pro-independence Scottish National Party.
Scotland's tourism and economic development agencies also support it, saying it will attract high-spending visitors from aroung the world.
Wednesday, October 28, 2009
Central bank dusts off more than 20 Saxena cases
The Bank of Thailand is preparing to dust off more than 20 lawsuits against fugitive financier Rakesh Saxena in light of his potential return to Thailand.
Saxena: May be extradited tomorrow
Mr Saxena, a former adviser to the collapsed Bangkok Bank of Commerce (BBC), is expected to arrive back in Bangkok tomorrow if the Supreme Court of Canada rejects his latest appeal against extradition.
The court is scheduled to hand down its verdict today.
BoT assistant governor Arkabusk Krairiksh said the statutes of limitations for most of the cases the BoT planned to file against Mr Saxena had not expired.
"All of the cases pending for Mr Saxena will be resumed if he is brought back," Mr Arkabusk said.
Chanchai Boonritchaisri, the central bank's senior director of the Legal and Litigation Department, said Mr Saxena had been involved directly and indirectly in several legal cases related to BBC.
He said there were more than 20 cases pending for Mr Saxena involving BBC, which collapsed in 1995 under the weight of its non-performing loans.
Seksan Bangsombun, chief prosecutor for economic and resource cases, said he had assigned a team of prosecutors to work on cases in which Mr Saxena was named as a suspect. This was so prosecutors could indict Mr Saxena in these cases once he arrived back in Thailand.
Sirisak Tiyapan, chief prosecutor for foreign affairs, will be in charge of returning Mr Saxena to Thailand if he fails in his appeal against extradition.
Police spokesman Pongsapat Pongcharoen said Mr Saxena would be held at the Crime Suppression Division prison pending interrogation if he was extradited from Canada.
Central Investigation Bureau chief Tha-ngai Prasajaksatru said a new investigating team headed by Pol Maj Gen Panya Mamen, the deputy CIB chief, had been appointed to work on criminal cases against Mr Saxena. Pol Lt Gen Tha-ngai said police investigators had forwarded cases of alleged embezzlement involving Mr Saxena to the public prosecutor for indictment in 1996, but Mr Saxena fled the country before police could issue an arrest warrant for him.
Mr Saxena is accused by the public prosecutor of colluding with BBC executives to defraud the bank of more than 20 billion baht.
Mr Saxena has sought asylum in Canada for more than a decade.
Saxena: May be extradited tomorrow
Mr Saxena, a former adviser to the collapsed Bangkok Bank of Commerce (BBC), is expected to arrive back in Bangkok tomorrow if the Supreme Court of Canada rejects his latest appeal against extradition.
The court is scheduled to hand down its verdict today.
BoT assistant governor Arkabusk Krairiksh said the statutes of limitations for most of the cases the BoT planned to file against Mr Saxena had not expired.
"All of the cases pending for Mr Saxena will be resumed if he is brought back," Mr Arkabusk said.
Chanchai Boonritchaisri, the central bank's senior director of the Legal and Litigation Department, said Mr Saxena had been involved directly and indirectly in several legal cases related to BBC.
He said there were more than 20 cases pending for Mr Saxena involving BBC, which collapsed in 1995 under the weight of its non-performing loans.
Seksan Bangsombun, chief prosecutor for economic and resource cases, said he had assigned a team of prosecutors to work on cases in which Mr Saxena was named as a suspect. This was so prosecutors could indict Mr Saxena in these cases once he arrived back in Thailand.
Sirisak Tiyapan, chief prosecutor for foreign affairs, will be in charge of returning Mr Saxena to Thailand if he fails in his appeal against extradition.
Police spokesman Pongsapat Pongcharoen said Mr Saxena would be held at the Crime Suppression Division prison pending interrogation if he was extradited from Canada.
Central Investigation Bureau chief Tha-ngai Prasajaksatru said a new investigating team headed by Pol Maj Gen Panya Mamen, the deputy CIB chief, had been appointed to work on criminal cases against Mr Saxena. Pol Lt Gen Tha-ngai said police investigators had forwarded cases of alleged embezzlement involving Mr Saxena to the public prosecutor for indictment in 1996, but Mr Saxena fled the country before police could issue an arrest warrant for him.
Mr Saxena is accused by the public prosecutor of colluding with BBC executives to defraud the bank of more than 20 billion baht.
Mr Saxena has sought asylum in Canada for more than a decade.
BOON TURNS TO CHINA AFTER SELLING HOSPITAL STAKE
Property tycoon Boon Vanasin recently unloaded shares in Piyavate Hospital to Red Bull owner Chaleo Yoovidhya so he can focus more on hospital investment in China.
"China will be my latest country for investing in healthcare. I believe revenue from that industry in that country will exceed revenue from all of my businesses in Thailand, both healthcare and property, within five years," Boon said.
He said he spent much of his time in China now, overseeing construction of his hospitals. Despite the opportunities afforded by the world's most populous country, investment in China is quite difficult for foreigners, and so he finds he must be on hand there.
Boon's hospital arm, the Thonburi Hospital Group, sold its entire 40-per-cent stake in Piyavate Hospital, although he maintains his personal 5-per-cent holding and remains a director.
The group generates annual revenue of Bt3 billion from 17 hospitals, while Boon's property business generates about Bt2 billion per annum.
Boon's foreign-investment arm, WJ International Healthcare, is constructing three Chinese hospitals at a combined cost exceeding Bt1 billion, with a different Chinese partner for each one: the military, the Foreign Ministry and the Red Cross Society of China.
Boon plans to open three hospitals a year in China, serving mainly foreigners.
He said the Thonburi Hospital Group agreed to sell its shares in Piyavate Hospital roughly five months ago, obtaining Bt400 million from the deal. The money will go towards the Bt900-million expansion of Thonburi Hospital 1 and Thonburi Hospital 2.
The group will spend Bt400 million to build new outpatient and inpatient buildings at Thonburi Hospital 1, after which capacity will double in the outpatient building to serve 3,000 patients a day, while inpatient beds will increase 25 per cent to 500.
A budget of Bt500 million has been earmarked for a new outpatient building at Thonburi Hospital 2 that can serve 1,500 outpatients daily, up from 800 now.
Boon said another reason for selling the Piyavate shares were his and Chaleo's conflicting opinions on the business's direction. He wanted to embark upon a major Bt2-billion upgrade of Piyavate, in order to make it more competitive with other private hospitals, but Chaleo wants the 16-year-old hospital to grow more slowly.
Boon resigned as Piyavate's chairman but signed an agreement with Chaleo retaining the right to become Piyavate Hospital's major shareholder within three years. If he does return in that capacity, he may let his heirs hold the stake.
Piyavate CEO and president Nithi Mahanonda said Chaleo planned to bring in more doctors from several fields, cut unnecessary costs and make the most beneficial use of the hospital's facilities. After five years of losses, the hospital is expected to post a net profit next year, with revenue increasing 15 per cent.
Nithi expects revenue of Bt1 billion this year, up 25 per cent from last year. The company will book a net loss estimated at Bt60 million, an improvement from last year's Bt300-million loss.
Piyavate expects to take six years to clear its accumulated losses of Bt800 million.
Nithi said with the transaction, Chaleo's children and grandchild now hold 75 per cent of the hospital's registered capital of Bt2.1 billion, while 19 per cent is held physicians.
He said Piyavate had spent nearly Bt200 million on renovating its building and would increase the number of beds from 100 to 150 within six months. It is also adding more full- and part-time physicians to attract more patients, especially foreigners, who are higher margin.
Piyavate plans to become a top-five private hospital in the near future.
"China will be my latest country for investing in healthcare. I believe revenue from that industry in that country will exceed revenue from all of my businesses in Thailand, both healthcare and property, within five years," Boon said.
He said he spent much of his time in China now, overseeing construction of his hospitals. Despite the opportunities afforded by the world's most populous country, investment in China is quite difficult for foreigners, and so he finds he must be on hand there.
Boon's hospital arm, the Thonburi Hospital Group, sold its entire 40-per-cent stake in Piyavate Hospital, although he maintains his personal 5-per-cent holding and remains a director.
The group generates annual revenue of Bt3 billion from 17 hospitals, while Boon's property business generates about Bt2 billion per annum.
Boon's foreign-investment arm, WJ International Healthcare, is constructing three Chinese hospitals at a combined cost exceeding Bt1 billion, with a different Chinese partner for each one: the military, the Foreign Ministry and the Red Cross Society of China.
Boon plans to open three hospitals a year in China, serving mainly foreigners.
He said the Thonburi Hospital Group agreed to sell its shares in Piyavate Hospital roughly five months ago, obtaining Bt400 million from the deal. The money will go towards the Bt900-million expansion of Thonburi Hospital 1 and Thonburi Hospital 2.
The group will spend Bt400 million to build new outpatient and inpatient buildings at Thonburi Hospital 1, after which capacity will double in the outpatient building to serve 3,000 patients a day, while inpatient beds will increase 25 per cent to 500.
A budget of Bt500 million has been earmarked for a new outpatient building at Thonburi Hospital 2 that can serve 1,500 outpatients daily, up from 800 now.
Boon said another reason for selling the Piyavate shares were his and Chaleo's conflicting opinions on the business's direction. He wanted to embark upon a major Bt2-billion upgrade of Piyavate, in order to make it more competitive with other private hospitals, but Chaleo wants the 16-year-old hospital to grow more slowly.
Boon resigned as Piyavate's chairman but signed an agreement with Chaleo retaining the right to become Piyavate Hospital's major shareholder within three years. If he does return in that capacity, he may let his heirs hold the stake.
Piyavate CEO and president Nithi Mahanonda said Chaleo planned to bring in more doctors from several fields, cut unnecessary costs and make the most beneficial use of the hospital's facilities. After five years of losses, the hospital is expected to post a net profit next year, with revenue increasing 15 per cent.
Nithi expects revenue of Bt1 billion this year, up 25 per cent from last year. The company will book a net loss estimated at Bt60 million, an improvement from last year's Bt300-million loss.
Piyavate expects to take six years to clear its accumulated losses of Bt800 million.
Nithi said with the transaction, Chaleo's children and grandchild now hold 75 per cent of the hospital's registered capital of Bt2.1 billion, while 19 per cent is held physicians.
He said Piyavate had spent nearly Bt200 million on renovating its building and would increase the number of beds from 100 to 150 within six months. It is also adding more full- and part-time physicians to attract more patients, especially foreigners, who are higher margin.
Piyavate plans to become a top-five private hospital in the near future.
PM denies influencing ruling
Prime Minister Abhisit Vejjajiva is distancing his government from a Council of State recommendation that ousted prime minister Thaksin Shinawatra be stripped of his police rank and royal decorations.
Thaksin Shinawatra first wore the police uniform in 1973.
Mr Abhisit Wednesday said the government had not influenced the council's ruling on this matter, which was strictly between the Royal Thai Police and the government's legal advisory body.
"The Royal Thai Police asked the Council of State about the matter, and now the ruling has come out it will have to comply," he said.
The Council of State recommended on Tuesday that the fugitive prime minister be stripped of his police rank and royal decorations because he had been convicted and sentenced to two years in jail. Thaksin was a police lieutenant colonel before he built his business empire and entered politics.
The Supreme Court's Criminal Division for Holders of Political Positions found him guilty in October of last year of a conflict of interest in relation to the sale of a prime piece of real estate on Ratchadaphisek Road to his then wife.
Mr Abhisit said the revoking of Thaksin's police rank would be handled by the Royal Thai Police while the recall of his royal decorations would be undertaken by the relevant agencies.
Procedures call for the Secretariat of the Cabinet to propose the recall of the decorations to the prime minister for endorsement and then forward the matter to the Office of His Majesty's Principal Private Secretary. The recall, once it has royal endorsement, would be announced in the royal gazette.
The former prime minister has received nine royal decorations, the highest being the Knight Grand Commander (Second Class, higher grade) of the Most Illustrious Order of Chulachomklao, bestowed in 2002.
Thaksin wrote on his Twitter page yesterday that "it is a normal practice for this government... if they could find a law to kill me, they would have done.
"Law should be enforced for peace of society, justice, and equality, but this government chooses to enforce for political outcomes. Now I have to sing the song Khob Khun Thi Some Term (Thanks for repeatedly hitting me)."
Thaksin supporters have also come out to criticise moves to revoke his police rank and royal decorations.
Core Puea Thai Party member Chalerm Yubamrung said the move appeared to be politically motivated. It came just days after Cambodian Prime Minister Hun Sen offered Thaksin a refuge and a job as his economic adviser.
"The government may or may not take advice from the Council of State," he said. "It depends whether or not the advice is useful to the government."
Mr Chalerm said the offence of which Thaksin was found guilty does not justify stripping him of his rank under the police's code.
Thaksin Shinawatra first wore the police uniform in 1973.
Mr Abhisit Wednesday said the government had not influenced the council's ruling on this matter, which was strictly between the Royal Thai Police and the government's legal advisory body.
"The Royal Thai Police asked the Council of State about the matter, and now the ruling has come out it will have to comply," he said.
The Council of State recommended on Tuesday that the fugitive prime minister be stripped of his police rank and royal decorations because he had been convicted and sentenced to two years in jail. Thaksin was a police lieutenant colonel before he built his business empire and entered politics.
The Supreme Court's Criminal Division for Holders of Political Positions found him guilty in October of last year of a conflict of interest in relation to the sale of a prime piece of real estate on Ratchadaphisek Road to his then wife.
Mr Abhisit said the revoking of Thaksin's police rank would be handled by the Royal Thai Police while the recall of his royal decorations would be undertaken by the relevant agencies.
Procedures call for the Secretariat of the Cabinet to propose the recall of the decorations to the prime minister for endorsement and then forward the matter to the Office of His Majesty's Principal Private Secretary. The recall, once it has royal endorsement, would be announced in the royal gazette.
The former prime minister has received nine royal decorations, the highest being the Knight Grand Commander (Second Class, higher grade) of the Most Illustrious Order of Chulachomklao, bestowed in 2002.
Thaksin wrote on his Twitter page yesterday that "it is a normal practice for this government... if they could find a law to kill me, they would have done.
"Law should be enforced for peace of society, justice, and equality, but this government chooses to enforce for political outcomes. Now I have to sing the song Khob Khun Thi Some Term (Thanks for repeatedly hitting me)."
Thaksin supporters have also come out to criticise moves to revoke his police rank and royal decorations.
Core Puea Thai Party member Chalerm Yubamrung said the move appeared to be politically motivated. It came just days after Cambodian Prime Minister Hun Sen offered Thaksin a refuge and a job as his economic adviser.
"The government may or may not take advice from the Council of State," he said. "It depends whether or not the advice is useful to the government."
Mr Chalerm said the offence of which Thaksin was found guilty does not justify stripping him of his rank under the police's code.
Morgan eyes China, HK
Morgan De Toi (Thailand) will export its lingerie to China and Hong Kong next year and import a new French brand to tap the mass market in Thailand.
The company produces and distributes lingerie and leather bags, and imports women's clothing for sale in Thailand.
It was set up by Morgan, a French apparel-maker, and Saha Group, Thailand's largest and most diverse textile and garment manufacturer.
China is expected to become the largest market for lingerie, Morgan director Marin Leelanuwatana said yesterday.
The domestic market generates 70 per cent of Morgan's lingerie sales and exports 30 per cent, but if the company succeeds in the China market, that ratio will be reversed, she said.
Lingerie contributes 60 per cent of the company's total sales, follow by women's apparel at 20 per cent and leather bags at 20 per cent.
Morgan now expects its sales to increase 11 per cent to Bt170 million this year. It had targeted sales growth at 15 per cent but the economic crisis has throttled its exports.
"Exports witnessed a drop of 20 per cent this year, especially to Taiwan and South Korea, because both countries rely on the US economy. Even if the global economy recovers, the export situation will not improve like the domestic market, which started to pick up in the third quarter. That helps the company to see some sales growth," she said.
The company forecasts no progress in the export situation next year, so it will have to depend on the domestic market.
Morgan's projection of sales growth of 15 per cent next year does not include China because the company has to wait and see the results of its attempt at market penetration there.
The company will also start selling leather bags in the Asian market after achieving its sales goals in Thailand.
"We have adjusted the price structure for bags to match our competitors. Our price was higher than theirs but when we reduced prices by 10 per cent, sales shot up 54 per cent, from 10-per-cent growth in previous years," she said.
The company will launch Cache Cache, a French apparel brand from its parent Morgan that is produced in China, for the mass market in Thailand.
The latest brand is priced lower than local brands, as in the company's experience, consumers are more cautious with their spending and will purchase those products that represent value for their money.
The company is also considering cutting women's apparel prices by 20 per cent after the Asean Free Trade Agreement (Afta) ends duties on imports and exports among Asean countries. The company now pays 30 per cent on imports of women's clothing.
However, Afta will also open the market to many Asean lingerie brands. Morgan has to quickly build brand awareness for its products especially lingerie because consumers are less familiar with Morgan's lingerie than its women's apparel.
The company produces and distributes lingerie and leather bags, and imports women's clothing for sale in Thailand.
It was set up by Morgan, a French apparel-maker, and Saha Group, Thailand's largest and most diverse textile and garment manufacturer.
China is expected to become the largest market for lingerie, Morgan director Marin Leelanuwatana said yesterday.
The domestic market generates 70 per cent of Morgan's lingerie sales and exports 30 per cent, but if the company succeeds in the China market, that ratio will be reversed, she said.
Lingerie contributes 60 per cent of the company's total sales, follow by women's apparel at 20 per cent and leather bags at 20 per cent.
Morgan now expects its sales to increase 11 per cent to Bt170 million this year. It had targeted sales growth at 15 per cent but the economic crisis has throttled its exports.
"Exports witnessed a drop of 20 per cent this year, especially to Taiwan and South Korea, because both countries rely on the US economy. Even if the global economy recovers, the export situation will not improve like the domestic market, which started to pick up in the third quarter. That helps the company to see some sales growth," she said.
The company forecasts no progress in the export situation next year, so it will have to depend on the domestic market.
Morgan's projection of sales growth of 15 per cent next year does not include China because the company has to wait and see the results of its attempt at market penetration there.
The company will also start selling leather bags in the Asian market after achieving its sales goals in Thailand.
"We have adjusted the price structure for bags to match our competitors. Our price was higher than theirs but when we reduced prices by 10 per cent, sales shot up 54 per cent, from 10-per-cent growth in previous years," she said.
The company will launch Cache Cache, a French apparel brand from its parent Morgan that is produced in China, for the mass market in Thailand.
The latest brand is priced lower than local brands, as in the company's experience, consumers are more cautious with their spending and will purchase those products that represent value for their money.
The company is also considering cutting women's apparel prices by 20 per cent after the Asean Free Trade Agreement (Afta) ends duties on imports and exports among Asean countries. The company now pays 30 per cent on imports of women's clothing.
However, Afta will also open the market to many Asean lingerie brands. Morgan has to quickly build brand awareness for its products especially lingerie because consumers are less familiar with Morgan's lingerie than its women's apparel.
Rail bosses crack down on strikers
Sackings begin as SRT tries to get trains going The head of the state railways has ordered the dismissal of six staff at Hat Yai station and two leading members of the railway union.
And a State Railway of Thailand source said yesterday more union members were likely to be sacked.
The eight were dismissed over the blockage of railway services in the lower South.
SRT governor Yutthana Thapcharoen issued the order for the dismissal of Thawatchai Boonvisoot, Soravut Porthongkam, Sarote Rakjan, Prachaniwat Buasri, Wirut Sakaekhum and Nitinai Chaiphume on Tuesday. The six work at Hat Yai station. None of them belong to the union and so could be fired straight away.
Mr Yutthana said it was clear the six were in the wrong. They had left their posts without good reason and acted in a way that disrupted normal rail services.
He said their actions carried a serious penalty and they could be punished without an inquiry. However, they could appeal the dismissal order within 15 days.
The six are also prohibited from entering Hat Yai railway station.
Two executive members of the railway union, Pinyo Ruenpet and Banjong Boonnet, will be taken to the Labour Court to hear an application to terminate their employment, Mr Yutthana said.
The two were seen speaking through loud hailers encouraging staff at Bang Sue to stop work on Tuesday, he said.
The SRT will also file a suit with the court demanding 70 million baht in damages from Mr Pinyo and Mr Banjong over the blockage. A court hearing into the case has been set for Nov 26.
The source said the SRT governor decided to go on the offensive starting with action against the six staff and two union members after getting the green light from the government.
The SRT was buoyed by the negative public reaction to the railway stoppage, which caused trouble for passengers, the source said.
The eight had connections with union leader Sawit Kaewwan, he said.
Another four Hat Yai rail staff are under investigation for their alleged involvement in the disruption of train services. If they are found guilty, they also will be punished, the SRT chief said.
Another six union committee members are suspected to be involved in the train blockage. They have yet to be investigated, Mr Yutthana said.
The source said the ultimate target of the SRT was Mr Sawit but the railway agency would check the union and public reaction first before taking action against other union members and leading staff over the stoppage.
Mr Sawit said the union would call a meeting to prepare to fight the court battle and insisted the union did nothing wrong.
He stressed the union's position that locomotives must be repaired to ensure safety. The Khao Tao derailing early this month was proof of that, he said.
Mr Sawit said SRT management had never taken responsibility but shifted the blame to train drivers.
He said the union would propose setting up a tripartite committee to find a long-term solution to the problem. The panel would be made up of members from the union, SRT executives and outsiders.
Meanwhile, all trains in the lower South will resume operations today after talks between Deputy Interior Minister Thaworn Senneam, SRT executives and the Hat Yai railway union. They reached an agreement to break the deadlock during talks in Hat Yai yesterday.
Mr Thaworn said the Hat Yai union had agreed with some conditions to resume rail services.
The union demanded locomotives be repaired and kept in working order, substitute railway staff from Bangkok leave so rail staff at Hat Yai could return to their jobs, and an impartial committee be set up to inspect the conditions of the locomotives and carriages before they are allowed to operate.
And a State Railway of Thailand source said yesterday more union members were likely to be sacked.
The eight were dismissed over the blockage of railway services in the lower South.
SRT governor Yutthana Thapcharoen issued the order for the dismissal of Thawatchai Boonvisoot, Soravut Porthongkam, Sarote Rakjan, Prachaniwat Buasri, Wirut Sakaekhum and Nitinai Chaiphume on Tuesday. The six work at Hat Yai station. None of them belong to the union and so could be fired straight away.
Mr Yutthana said it was clear the six were in the wrong. They had left their posts without good reason and acted in a way that disrupted normal rail services.
He said their actions carried a serious penalty and they could be punished without an inquiry. However, they could appeal the dismissal order within 15 days.
The six are also prohibited from entering Hat Yai railway station.
Two executive members of the railway union, Pinyo Ruenpet and Banjong Boonnet, will be taken to the Labour Court to hear an application to terminate their employment, Mr Yutthana said.
The two were seen speaking through loud hailers encouraging staff at Bang Sue to stop work on Tuesday, he said.
The SRT will also file a suit with the court demanding 70 million baht in damages from Mr Pinyo and Mr Banjong over the blockage. A court hearing into the case has been set for Nov 26.
The source said the SRT governor decided to go on the offensive starting with action against the six staff and two union members after getting the green light from the government.
The SRT was buoyed by the negative public reaction to the railway stoppage, which caused trouble for passengers, the source said.
The eight had connections with union leader Sawit Kaewwan, he said.
Another four Hat Yai rail staff are under investigation for their alleged involvement in the disruption of train services. If they are found guilty, they also will be punished, the SRT chief said.
Another six union committee members are suspected to be involved in the train blockage. They have yet to be investigated, Mr Yutthana said.
The source said the ultimate target of the SRT was Mr Sawit but the railway agency would check the union and public reaction first before taking action against other union members and leading staff over the stoppage.
Mr Sawit said the union would call a meeting to prepare to fight the court battle and insisted the union did nothing wrong.
He stressed the union's position that locomotives must be repaired to ensure safety. The Khao Tao derailing early this month was proof of that, he said.
Mr Sawit said SRT management had never taken responsibility but shifted the blame to train drivers.
He said the union would propose setting up a tripartite committee to find a long-term solution to the problem. The panel would be made up of members from the union, SRT executives and outsiders.
Meanwhile, all trains in the lower South will resume operations today after talks between Deputy Interior Minister Thaworn Senneam, SRT executives and the Hat Yai railway union. They reached an agreement to break the deadlock during talks in Hat Yai yesterday.
Mr Thaworn said the Hat Yai union had agreed with some conditions to resume rail services.
The union demanded locomotives be repaired and kept in working order, substitute railway staff from Bangkok leave so rail staff at Hat Yai could return to their jobs, and an impartial committee be set up to inspect the conditions of the locomotives and carriages before they are allowed to operate.
SRT to seek funds for infrastructure
State Railway of Thailand chairman Tawalyarat Onsira is planning to propose a five-year investment plan, worth nearly Bt80 billion, to the Transport Ministry soon.
The budget is for improving railway infrastructure.
It is believed the move will help reduce conflicts between SRT top management and the labour union as well as ensure the smooth running of services in the South.
Tawalyarat, who is also deputy permanent secretary to the Transport Ministry and chairman of a panel responsible for improving the SRT's infrastructure, revealed yesterday that of the Bt80 billion, Bt42 billion would be used to construct double-track rail routes.
In addition, about Bt17 billion would be spent on improving railways, sleepers, bridges, crossing points and signalling to ensure safety, while the remaining roughly Bt20 billion would be for improving locomotives, cargo carriages and passenger bogies.
"It is a five-year plan and is expected to be completed by 2014," Tawalyarat said.
In addition, he said there would be a 10-year railway development plan worth Bt708.86 billion for four high-speed rail projects. The high-speed trains, expected to run at 250 kilometres per hour, will be earmarked for the Bang Sue-Chiang Mai, Bang Sue-Nong Khai, Makkasan-Chanthaburi and Bang Sue-Padang Besar routes.
Tawalyarat said the private sector would be invited to invest in all projects and be granted operating concessions in return.
"Transport Minister Sophon Saram will propose this plan to investors in China who are interested in Thailand's railway," he added.
However, he said the SRT would continue with its plans |to procure additional loco-motives. Of the locomotives bought, 80 per cent will be |owned by the SRT, while the remainder will be part of a |joint venture with the private |sector. Initially, the authority expected to procure more 100 locomotives.
The budget is for improving railway infrastructure.
It is believed the move will help reduce conflicts between SRT top management and the labour union as well as ensure the smooth running of services in the South.
Tawalyarat, who is also deputy permanent secretary to the Transport Ministry and chairman of a panel responsible for improving the SRT's infrastructure, revealed yesterday that of the Bt80 billion, Bt42 billion would be used to construct double-track rail routes.
In addition, about Bt17 billion would be spent on improving railways, sleepers, bridges, crossing points and signalling to ensure safety, while the remaining roughly Bt20 billion would be for improving locomotives, cargo carriages and passenger bogies.
"It is a five-year plan and is expected to be completed by 2014," Tawalyarat said.
In addition, he said there would be a 10-year railway development plan worth Bt708.86 billion for four high-speed rail projects. The high-speed trains, expected to run at 250 kilometres per hour, will be earmarked for the Bang Sue-Chiang Mai, Bang Sue-Nong Khai, Makkasan-Chanthaburi and Bang Sue-Padang Besar routes.
Tawalyarat said the private sector would be invited to invest in all projects and be granted operating concessions in return.
"Transport Minister Sophon Saram will propose this plan to investors in China who are interested in Thailand's railway," he added.
However, he said the SRT would continue with its plans |to procure additional loco-motives. Of the locomotives bought, 80 per cent will be |owned by the SRT, while the remainder will be part of a |joint venture with the private |sector. Initially, the authority expected to procure more 100 locomotives.
SERVICE RESUMPTION ON TRACK DESPITE FIRING OF SIX WORKERS
The State Railway of Thailand yesterday evening fired six of its workers stationed at Hat Yai Junction for allegedly instigating a strike and disrupting train service, throwing into doubt the relaunch of normal services today.
The move followed a breakthrough in negotiations between protesting workers and management, which would have allowed all suspended southern trains to resume running today.
Deputy Interior Minister Thaworn Senneam expressed worry that the dismissal might prolong the problem, especially after it was announced after the agreement to break the stalemate was reached.
However, he would work further to end the dispute, as the Democrat Party and the prime minister assigned him to directly sort out the problem.
To punish any protesting worker, a committee should be set up to look into individual cases before a decision to penalise them is reached, he said.
Wirun Sakaekhum, head of the Hat Yaibased SRT labour unions, which staged the strike, said before he was sacked that the 10 union members marked for discharge would fight the decision in court because they did not violate SRT regulations.
The other five fired workers were Thawatchai Bunwisoot, Sorrawuth Phorthongkham, Saroj Janrak, Prachaniwat Buasri and Nitinai Chaiyaphum.
Thaworn had brokered the twohour talks at the Hat Yai Junction in Songkhla, where the worker walkout has paralysed operations since October 17.
Management agreed to six demands, including that all 11 defective locomotives pass basic safety tests, only local engineers operate local trains and SRT management promise in writing to take responsibility for any accidents.
Another one was that an independent committee be set up to inspect the safety features installed on locomotives.
A crucial condition insisted upon all along by the protesting workers - that they must not be punished for staging the strike - was not mentioned in the six conditions.
The suspended trains will do their normal daily trips and the entire operation will be fully restored by Saturday, Thaworn said before the six workers were expelled.
In the morning, Train No 463, one of many providing free service, had all eight cars packed with passengers on its way to Sungai Kolok.
Onboard were 10 police, double the regular guard, while 200 police and defence volunteers patrolled Hat Yai platforms to prevent a reoccurrence of confrontations between protesting workers and Bangkokbased replacement engineers that had happened on Tuesday.
Later in the afternoon, five longhaul trains bound for Bangkok - Nos 170, 172, 42, 38 and 36 - resumed service, but not every run.
Wirun said No 463's departure in the morning was made possible by a threepoint agreement between unionists and deputy SRT governor WirojTriamphongphan. These three conditions became part of the final agreement mediated by Thaworn.
Before the agreement was reached, 56 engineering cadets were readied to operate the suspended trains. Some of them served as crewmembers on No 463.
Democrat MP Akhom Engchuan had earlier hinted at organising local residents opposed to the suspension of train service to rally for an end to the strike.
"Initially I will course my efforts on the issue through parliamentary channels, otherwise it will look like we're interfering with the Transport Ministry, which is not under the supervision of the Democrat Party.
"And if that doesn't work, I will use negotiations with the SRT union. This process will not involve only MPs but also villagers. And I cannot guarantee that there won't be any violence involved by then," he said.
The strike "coincidentally moved along" with the activities of a certain political party, he said.
"I don't want to give the name, but I believe you media people are aware of what has happened," he said, without going into detail.
Thaworn said Akhom's statement would have no bearing on his agreement.
"All disputes and problems have been settled and sorted out," he said.
Local residents hailed the return of No 463 and the other five train trips, saying it was a good sign that their frequent travels would return to normal.
They complained about the high cost of going by bus and taxi and all the delays as well as the school closures caused by students missing classes.
The move followed a breakthrough in negotiations between protesting workers and management, which would have allowed all suspended southern trains to resume running today.
Deputy Interior Minister Thaworn Senneam expressed worry that the dismissal might prolong the problem, especially after it was announced after the agreement to break the stalemate was reached.
However, he would work further to end the dispute, as the Democrat Party and the prime minister assigned him to directly sort out the problem.
To punish any protesting worker, a committee should be set up to look into individual cases before a decision to penalise them is reached, he said.
Wirun Sakaekhum, head of the Hat Yaibased SRT labour unions, which staged the strike, said before he was sacked that the 10 union members marked for discharge would fight the decision in court because they did not violate SRT regulations.
The other five fired workers were Thawatchai Bunwisoot, Sorrawuth Phorthongkham, Saroj Janrak, Prachaniwat Buasri and Nitinai Chaiyaphum.
Thaworn had brokered the twohour talks at the Hat Yai Junction in Songkhla, where the worker walkout has paralysed operations since October 17.
Management agreed to six demands, including that all 11 defective locomotives pass basic safety tests, only local engineers operate local trains and SRT management promise in writing to take responsibility for any accidents.
Another one was that an independent committee be set up to inspect the safety features installed on locomotives.
A crucial condition insisted upon all along by the protesting workers - that they must not be punished for staging the strike - was not mentioned in the six conditions.
The suspended trains will do their normal daily trips and the entire operation will be fully restored by Saturday, Thaworn said before the six workers were expelled.
In the morning, Train No 463, one of many providing free service, had all eight cars packed with passengers on its way to Sungai Kolok.
Onboard were 10 police, double the regular guard, while 200 police and defence volunteers patrolled Hat Yai platforms to prevent a reoccurrence of confrontations between protesting workers and Bangkokbased replacement engineers that had happened on Tuesday.
Later in the afternoon, five longhaul trains bound for Bangkok - Nos 170, 172, 42, 38 and 36 - resumed service, but not every run.
Wirun said No 463's departure in the morning was made possible by a threepoint agreement between unionists and deputy SRT governor WirojTriamphongphan. These three conditions became part of the final agreement mediated by Thaworn.
Before the agreement was reached, 56 engineering cadets were readied to operate the suspended trains. Some of them served as crewmembers on No 463.
Democrat MP Akhom Engchuan had earlier hinted at organising local residents opposed to the suspension of train service to rally for an end to the strike.
"Initially I will course my efforts on the issue through parliamentary channels, otherwise it will look like we're interfering with the Transport Ministry, which is not under the supervision of the Democrat Party.
"And if that doesn't work, I will use negotiations with the SRT union. This process will not involve only MPs but also villagers. And I cannot guarantee that there won't be any violence involved by then," he said.
The strike "coincidentally moved along" with the activities of a certain political party, he said.
"I don't want to give the name, but I believe you media people are aware of what has happened," he said, without going into detail.
Thaworn said Akhom's statement would have no bearing on his agreement.
"All disputes and problems have been settled and sorted out," he said.
Local residents hailed the return of No 463 and the other five train trips, saying it was a good sign that their frequent travels would return to normal.
They complained about the high cost of going by bus and taxi and all the delays as well as the school closures caused by students missing classes.
Tuesday, October 27, 2009
Council gives ruling on Thaksin's rank
The Council of State believes the sentencing of ousted prime minister Thaksin Shinawatra to two years in jail is enough justification to strip him of his police rank and royal decorations.
The council ruling has been sent to the Cabinet Secretariat along with guidelines to strip Thaksin of his rank of police lieutenant colonel and the royal decorations bestowed on him.
The ruling came after the Royal Thai Police queried whether Thaksin's conviction was sufficient to strip him of his rank.
It claimed Thaksin was sentenced to prison for violating the rule on conflicts of interest under the anticorruption law. He was cleared of malfeasance charges under articles 152 and 157 of the Criminal Code.
The police's position was that the offence was political, and so might not be enough to warrant revoking his rank under police regulations.
The Council of State, the government's legal arm, yesterday said the prison sentence handed down by the Supreme Court's Criminal Division for Holders of Political Positions met all the conditions required to revoke Thaksin's rank and royal decorations.
As long as the jail sentence imposed on Thaksin was considered final, he should lose his rank regardless of the court in which he was tried.
The council cited PM's Office regulations on royal decorations which stipulate that a person can lose them if a jail sentence is considered final.
It said the police could only seek to revoke the royal decorations associated with Thaksin's police rank.
The Cabinet Secretariat or other agencies could seek to revoke the other decorations.
The council ruling has been sent to the Cabinet Secretariat along with guidelines to strip Thaksin of his rank of police lieutenant colonel and the royal decorations bestowed on him.
The ruling came after the Royal Thai Police queried whether Thaksin's conviction was sufficient to strip him of his rank.
It claimed Thaksin was sentenced to prison for violating the rule on conflicts of interest under the anticorruption law. He was cleared of malfeasance charges under articles 152 and 157 of the Criminal Code.
The police's position was that the offence was political, and so might not be enough to warrant revoking his rank under police regulations.
The Council of State, the government's legal arm, yesterday said the prison sentence handed down by the Supreme Court's Criminal Division for Holders of Political Positions met all the conditions required to revoke Thaksin's rank and royal decorations.
As long as the jail sentence imposed on Thaksin was considered final, he should lose his rank regardless of the court in which he was tried.
The council cited PM's Office regulations on royal decorations which stipulate that a person can lose them if a jail sentence is considered final.
It said the police could only seek to revoke the royal decorations associated with Thaksin's police rank.
The Cabinet Secretariat or other agencies could seek to revoke the other decorations.
Rice trading schemes pushed forward
The government is preparing to buy paddy from farmers starting early next month and will accelerate sales from its huge rice stocks through governmentto-government contracts to stabilise prices, according to Commerce Minister Porntiva Nakasai.
She said the ministry would start buying paddy for the 2009-10 main crop from Nov 2, initially in Phitsanulok,Kamphaeng Phet and Nonthaburi, using 20 billion baht from the Thai Khem Kaeng economic stimulus budget.Buying prices would be based on the government's reference prices set at 8,460 baht per tonne for paddy with 15% moisture.
In light of heavy rains during the last several weeks, local paddy prices have fallen to between 6,000 and 6,500 baht for paddy with moisture exceeding 30%.
However, exporters said the overall Thai rice prices were not all that bad,with the benchmark Thai white rice now around 14,800 baht per tonne freeon-board, or about 8,400 to 8,500 baht per tonne for paddy of 15% moisture.
According to Mrs Porntiva, the government plans to sell 950,000 tonnes of rice from its stocks through governmentto-government deals in the remaining two months of this year and would release another 1.77 million tonnes in 2010."Our strategy is to drain rice out of the country in a bid to lift domestic prices during the harvesting season,"she said.
The government is estimated to have the equivalent of six million tonnes of milled rice, bought from farmers in previous price intervention schemes."We plan to negotiate with several countries,including the Philippines, Malaysia, Indonesia and Iran," said Mrs Porntiva.
On Monday, the Philippines said it was in talks to buy at least 250,000 tonnes of rice from Thailand in a governmentto-government deal.
Thailand was expected to produce around 23.5 million tonnes of rice from its main crop.
The government had planned to end its rice-buying intervention in favour of a scheme under which it would subsidise farmers without buying grain itself.However, it has been forced to run both schemes in parallel in the face of farmers'protests.
Mrs Porntiva said to lift rice exports next year, the government planned closer partnerships with private exporters to negotiate with potential buyers including Nigeria, Angola, Libya and Algeria. As of Oct 26, Thailand had exported 7.065 million tonnes of rice worth $4.06 billion. Volume was down 20.7%with value dropping 25.9% from the same period last year.
She said the ministry would start buying paddy for the 2009-10 main crop from Nov 2, initially in Phitsanulok,Kamphaeng Phet and Nonthaburi, using 20 billion baht from the Thai Khem Kaeng economic stimulus budget.Buying prices would be based on the government's reference prices set at 8,460 baht per tonne for paddy with 15% moisture.
In light of heavy rains during the last several weeks, local paddy prices have fallen to between 6,000 and 6,500 baht for paddy with moisture exceeding 30%.
However, exporters said the overall Thai rice prices were not all that bad,with the benchmark Thai white rice now around 14,800 baht per tonne freeon-board, or about 8,400 to 8,500 baht per tonne for paddy of 15% moisture.
According to Mrs Porntiva, the government plans to sell 950,000 tonnes of rice from its stocks through governmentto-government deals in the remaining two months of this year and would release another 1.77 million tonnes in 2010."Our strategy is to drain rice out of the country in a bid to lift domestic prices during the harvesting season,"she said.
The government is estimated to have the equivalent of six million tonnes of milled rice, bought from farmers in previous price intervention schemes."We plan to negotiate with several countries,including the Philippines, Malaysia, Indonesia and Iran," said Mrs Porntiva.
On Monday, the Philippines said it was in talks to buy at least 250,000 tonnes of rice from Thailand in a governmentto-government deal.
Thailand was expected to produce around 23.5 million tonnes of rice from its main crop.
The government had planned to end its rice-buying intervention in favour of a scheme under which it would subsidise farmers without buying grain itself.However, it has been forced to run both schemes in parallel in the face of farmers'protests.
Mrs Porntiva said to lift rice exports next year, the government planned closer partnerships with private exporters to negotiate with potential buyers including Nigeria, Angola, Libya and Algeria. As of Oct 26, Thailand had exported 7.065 million tonnes of rice worth $4.06 billion. Volume was down 20.7%with value dropping 25.9% from the same period last year.
Rail staff accused of train sabotage
The State Railway of Thailand plans to sack 10 union members and is threatening legal action against them after a train was allegedly blocked from leaving Hat Yai by another train.
SRT executives considered the situation as dangerous as the first train had left the key southern station on the Songkhla to Narathiwat route yesterday.
SRT governor Yutthana Thapcharoen said railway management had decided the staff allegedly responsible would have to be fired for severe misconduct.
SRT union members at Hat Yai station have refused to operate train services to the deep South since Oct 16, citing health and safety concerns.
An SRT source said about 10 key union members were singled out for dismissal. They were accused of persuading railway workers in the South and the Central Plains to strike.
The source said the Hat Yai incident happened at 10.30am yesterday and involved the No.463 PhatthalungSungai Kolok service.
The train driver, who is from Bangkok, was forced to stop the locomotive about 300 metres from Hat Yai station when he saw the Padang Besar-Hat Yai train parked on the same track.
Union members at the station then surrounded his train and called on him to get down from the cabin.
The confrontation ended after an hour when more than 100 railway police arrived to escort the driver to safety.
Mr Yutthana blamed the Hat Yai staff for allowing the No.463 to run on the same track as the stationary Padang Besar-Hat Yai train.
A crash was only avoided because the driver was able to stop the train in time, he said.
Mr Yutthana said he had ordered a full investigation into the incident.
The driver, Saroj Suksamran, said he was given the green light to pull out of the station but rammed on the brakes when he noticed something wrong with a signal.
He said the SRT management ordered him to file a complaint with police against local union members.
He accused the union members of using another train to block his route and of tampering with a switch that could have derailed his train.
Wiroon Sakaekhum, head of the Hat Yai union, said the departing train almost collided with the other train because it jumped a red light that was switched on to show there was another train on the same track.
The next signal switch was not in the right position for the train to move out of the station and the train would have derailed if it had continued for another 50 metres,he said.
After the Hat Yai incident, SRT deputy governor Itthipol Praphawasit abruptly ended negotiations with SRT union president Sawit Kaeowan at the state enterprise's offices in Bangkok.
The SRT's management blamed the union of failing to cooperate and resume services.
Mr Sawit said the union was sticking to its demands that the SRT management ensure all trains are safe and properly maintained.
Transport Minister Sohpon Zarum said those involved in the Hat Yai rail blockage would be arrested.
The cabinet yesterday approved an SRT request to recruit 171 new train drivers and engineers to cope with a staff shortage.
The railway union blames substandard equipment and a shortage of drivers for a fatal train derailment in Prachuap Khiri Khan on Oct 5.
Members of the State Enterprise Relations Confederation yesterday urged Prime Minister Abhisit Vejjajiva to step in to solve the conflict between the railway union and the SRT management.
Railway union members yesterday filed a complaint with the senate committee on human rights, liberty and consumer protection.
The panel will discuss the complaint tomorrow.
SRT executives considered the situation as dangerous as the first train had left the key southern station on the Songkhla to Narathiwat route yesterday.
SRT governor Yutthana Thapcharoen said railway management had decided the staff allegedly responsible would have to be fired for severe misconduct.
SRT union members at Hat Yai station have refused to operate train services to the deep South since Oct 16, citing health and safety concerns.
An SRT source said about 10 key union members were singled out for dismissal. They were accused of persuading railway workers in the South and the Central Plains to strike.
The source said the Hat Yai incident happened at 10.30am yesterday and involved the No.463 PhatthalungSungai Kolok service.
The train driver, who is from Bangkok, was forced to stop the locomotive about 300 metres from Hat Yai station when he saw the Padang Besar-Hat Yai train parked on the same track.
Union members at the station then surrounded his train and called on him to get down from the cabin.
The confrontation ended after an hour when more than 100 railway police arrived to escort the driver to safety.
Mr Yutthana blamed the Hat Yai staff for allowing the No.463 to run on the same track as the stationary Padang Besar-Hat Yai train.
A crash was only avoided because the driver was able to stop the train in time, he said.
Mr Yutthana said he had ordered a full investigation into the incident.
The driver, Saroj Suksamran, said he was given the green light to pull out of the station but rammed on the brakes when he noticed something wrong with a signal.
He said the SRT management ordered him to file a complaint with police against local union members.
He accused the union members of using another train to block his route and of tampering with a switch that could have derailed his train.
Wiroon Sakaekhum, head of the Hat Yai union, said the departing train almost collided with the other train because it jumped a red light that was switched on to show there was another train on the same track.
The next signal switch was not in the right position for the train to move out of the station and the train would have derailed if it had continued for another 50 metres,he said.
After the Hat Yai incident, SRT deputy governor Itthipol Praphawasit abruptly ended negotiations with SRT union president Sawit Kaeowan at the state enterprise's offices in Bangkok.
The SRT's management blamed the union of failing to cooperate and resume services.
Mr Sawit said the union was sticking to its demands that the SRT management ensure all trains are safe and properly maintained.
Transport Minister Sohpon Zarum said those involved in the Hat Yai rail blockage would be arrested.
The cabinet yesterday approved an SRT request to recruit 171 new train drivers and engineers to cope with a staff shortage.
The railway union blames substandard equipment and a shortage of drivers for a fatal train derailment in Prachuap Khiri Khan on Oct 5.
Members of the State Enterprise Relations Confederation yesterday urged Prime Minister Abhisit Vejjajiva to step in to solve the conflict between the railway union and the SRT management.
Railway union members yesterday filed a complaint with the senate committee on human rights, liberty and consumer protection.
The panel will discuss the complaint tomorrow.
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