Thailand to join ASEAN+3 in setting up rice reserve system
Thailand will join other member countries of the
Association of Southeast Asian Nations (ASEAN) and three major East Asian
countries, China, Japan, and South Korea, in setting up a regional rice
reserve system for food security reasons. China, Japan and South Korea have
joined the 10-nation ASEAN grouping in key regional meetings to discuss
The meeting also resolved to set up a task force to carry
out a pilot project of the plan on a voluntary basis. Studies have shown
that 90% of world rice is produced in Asia, but only four countries in the
region are rice exporters, including China, Myanmar, Thailand and Vietnam. (TNA)
BHP Steel appoints new
president for BHP Steel Lysaght Thailand
BHP Steel (proposed new name Bluescope Steel) has
announced the appointment of Andrew Heycott to the position of President BHP
Steel Lysaght Thailand.
Heycott has been with BHP Steel for over 18 years in
various executive, product management and marketing/sales positions. He
brings to the position extensive strategic management and hands-on
experience in the steel industry and manufacturing sectors. His appointment
was approved by BHP Steel’s Board of Directors.
Heycott will be responsible for the overall operations of
BHP Steel Lysaght in Thailand, which include production sites in Bangkok,
Rayong and Khon Kaen as well as sales and marketing offices in Chiang Mai
and Had Yai. BHP Steel Lysaght is currently the market leader in Thailand
for steel building products and produces quality roll-formed and coated
steel products under the well-known Lysaghtโ brand name.
“I’m looking forward to this opportunity and the
respective challenges of the position. BHP Steel Lysaght is proud of its
history in Thailand, and values the opportunity to conduct business here. As
Thailand’s construction, real estate and property markets continue on an
upward trend, I’m confident that BHP Steel Lysaght will continue to be an
integral player in building and construction markets,” said Heycott.
Thailand-South Korea sign 5-year IT cooperation pact
Thailand and South Korea have signed a memorandum of
understanding (MOU) on information technology, which will see at least five
years of collaboration in the fields of IT personnel, e-government, and
Information and Communications Technology Minister
Surapong Suebwonglee announced that the deal had been signed during Prime
Minister Thaksin Shinawatra’s official visit to South Korea last month.
Under the terms of the MOU, the two countries have agreed
to cooperate in various areas, including IT personnel development,
e-government, and broadband internet - in which Korea is a regional leader -
and the two countries will collaborate on software development.
The MOU will see the two countries exchange IT personnel,
with Thailand sending officials to observe operations in South Korea, and
South Korea sending experts to help a number of projects in Thailand such as
e-government proceedings. (TNA)
Local interest rates likely to rise in 2nd quarter of next year
Local interest rates have already bottomed out and are
likely to edge up in the second quarter of next year, according to a top
financier. Pongsathorn Kunanusorn, senior executive vice president of
Secondary Mortgage Corporation said the interest rates should be considered
Pongsathorn also said the government-backed Vayupak Fund
was expected to begin offering unit trusts to investors next year. “Under
the circumstances, the excessive liquidity in the banking system would then
be absorbed to a certain extent. The liquidity excess is likely to drop
further in April next year when people completed personal tax repayment.
Given these factors, commercial banks would have an opportunity to increase
interest rates but in a gradual manner,” he said. (TNA)
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