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Budget presented in Saha Group’s Trade Exhibition

Bankers say economy is improving

Local production of pick-ups and cars expected to skyrocket by 2006

Artios Apple Corner opened at Central Airport Plaza

Budget presented in Saha Group’s Trade Exhibition

Vanchai Tangpanichdee, MD of the Worldclass Rent a Car Co., Ltd.

Worldclass Rent a Car Co., Ltd. (Budget Car and Truck Rental of Thailand), the world’s leading rental car firm, participated in the 7th Saha Group Export & Trade Exhibition as an affiliation of Sahapat. The exhibition was held by the Saha Group in cooperation with the Department of Export Promotion. Its objective was to expand export channels abroad and at the same time to promote domestic trade and investment and to present the company as Thailand’s leading major consumer product. People interested in renting a car today until the end of August, Budget has a special promotion offer of 599 baht per day with unlimited kilometers in northern (Chiang Mai-Chiang Rai) and southern (Phuket-Samui) Thailand.

Bankers say economy is improving

The majority of bankers feel the country’s economy has already picked up and feel the economic policy is the right track, according to a recent poll conducted by Suan Dusit. The poll was conducted with a random sample of 318 bankers in Bangkok and its environs after commercial banks moved to further cut lending rates.

The survey found 62.2 percent of bankers polled viewed the Thai economy was on the rise and based their responses on the increasing number of customers requesting loans, and increased consumer spending.

Asked about the effects of intense competition between commercial banks trying to offer low borrowing rates, the bankers showed a considerable amount of ambivalence.

On the positive side, 34.78 percent said low interest rates were good for the public purse, and 31.1 percent felt that low interest rates will boost borrowing for investment.

However, 42.2 percent of respondents said that depositors would see lower interest rates on their deposits, and 29.2 percent warned that the income of commercial banks could also drop. (TNA)

Local production of pick-ups and cars expected to skyrocket by 2006

The Ministry of Industry expects the production of cars and pickup trucks in Thailand to increase by 70 percent by the year 2006 as more auto companies shift their plants here. The government has forecast production of vehicles to top 1 million units by 2006, from 584,951 in 2002.

During a recent automobile industry conference in Bangkok, Manu Leopairote, permanent secretary at the Industry of Industry said, “Consumer spending on new cars, homes and other products is driving Thailand’s economic growth. The government has now raised its gross domestic product growth forecast for this year to as much as 5.5 percent, higher than last year’s 5.2 percent.”

The combination of demand for new models and lower lending rates has driven up car sales and production is expected to rise as more automakers such as Toyota Motor increase their manufacturing capacity by shifting their plants to Thailand. Manu said that Honda Motor, Japan’s second-biggest automaker, also plans to shift production of some vehicles from the Philippines to Thailand. (TNA)

Artios Apple Corner opened at Central Airport Plaza

Nuttanee Thaveephol

Macintosh Computers have moved into the Chiang Mai market by opening “Apple Corner” at Central Airport Plaza, displaying four new models supporting multimedia and Internet.

Pichak Limprasoot (left) , the director of Artios Apple Corner offers a token of appreciation to municipal councilor Pornchai Jitnawasathian (right).

Pichak Limprasoot, the director of Artios Apple Corner said that the shop belongs to the Mac Zone Company which is the only Macintosh Computer dealer in Chiang Mai.

The ceremony began with musical performances by Dara Academy school students and ballroom dances performed by national athletes.

Pornchai Jitnawasathian, municipal councilor presided over the opening ceremony, with four Macintosh girls presenting new models of Macintosh computers. Pornchai said, “Chiang Mai Municipality is going to be the first IT City of Thailand.”

Apple girls present new models of Macintosh computers.

Macintosh computer notebooks.