Budget presented in Saha Group’s Trade Exhibition
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
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.
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.”
girls present new models of Macintosh computers.