Vista Group plans ISO Certification
for movie theatres
“Sia Tommy” confident after receiving ISO 9001 for restaurant
The Vista Entertainment Group, Chiang Mai, late last year
celebrated Vista’s 11th anniversary, and marked its honor on being awarded
ISO 9001-2000 certification. The celebration was held at Vista Khum Kaew
Khantoke palace on Phra Pokklao Road, Chiang Mai.
Thavatchai Rojanachotikul, known locally as “Sia
Tommy,” the owner of the group that manages the Vista Hotel and
Entertainment received the certificate from Chamroon Chinathammamitre, the
chairman of KSL Group, the consultant company.
Thavatchai, who is also a movie business tycoon, said
that this year, he aims to get one more ISO 9001-2000 award for his Vista
movie theatre project. He said his Vista movie theatres provide a service
for the local people and he wishes them to be of the highest standards.
Now having the ISO certification for his hotel and restaurant, he felt
that this was a very positive step, and will apply the same standards to his
movie theatres. “Some of the staff don’t understand why the movie
theatre should have ISO certification, but in fact, ISO rules and
regulations could be applied with all general staff from small, medium and
large businesses. Working to follow the ISO conditions could be applied as a
system. We get lots of good feedback,” he asserted.
TFRC warns local banks of increasing foreign competition
Thailand’s commercial banks are being urged to revamp
themselves, and if they do not, foreign banks are likely to grab
increasingly larger slices of the market.
In a recent report, the Thai Farmers Research Center (TFRC)
cautioned that although foreign banks tended to focus on corporate banking,
they were increasingly making inroads into the personal banking sector,
offering services such as personal credit.
While Thai commercial banks currently have an overall
credit base 10 times higher than that of their foreign counterparts, this
was likely to change.
According to TFRC foreign banks are stronger on a number
of fronts, such as their international networks, stable sources of capital
in the country of the parent bank, their ability to transfer technology and
experience from the parent bank, and their flexibility.
The report also found that foreign banks gained capital
from deposits and borrowing between banks and the financial market, while
Thai commercial banks had most of their capital in deposits alone.
In terms of income and expenditure, foreign banks have
higher net interest income than Thai banks, due to lower interest servicing
costs, as well as a higher proportion of income from commission fees.
The fact that foreign banks have a large proportion of
corporate clients means that they have a lower proportion of bad debts to
overall credit. Their staff tends to be highly effective in making profits,
despite the fact that per capita staff costs are higher. (TNA)
Banks to inject B1.3 billion into grassroots economy
Thirteen projects are to get cash injections of 100
million each as part of a program established by three state banks to inject
money into the grassroots economy.
The credit will be offered by the Bank for the
Development of Small and Medium Enterprises together with the Bank for
Agriculture and Agricultural Cooperatives (BAAC) and the Government Savings
Samran Phu-anatanon, manager of the SME Bank, stated that
most of the projects were those that presented high potential and low risk,
but that if any of the projects had problems with collateral the Small-scale
Industries Credit Assurance Corporation could be called on to act as a
Praising the initiative as the first collaborative effort
among the three banks, Samran said that the BAAC and GSB would be in charge
of offering credit to projects based outside Bangkok, as the SME Bank’s
network did not yet extend to the provinces.
He said that the SME Bank has also requested a capital
increase of around 10 billion baht from the Finance Ministry so the bank has
sufficient capital for future business operations. This capital injection
would be spread over several years, with 3.2 billion baht given to the bank
for the present fiscal year.
The SME Bank manager admitted however that plans to enter
into investment partnerships with foreign institutions were running into
difficulties, as foreign investors were concerned about the fact that the
bank was state-run.
He added that the SME Bank would begin to sell its shares
within the next five years, but that the government would still retain a 49%