BUSINESS NEWS
HEADLINES [click on headline to view story]:

Regent 4 Seasons Chiang Mai announces new general manager

Online stock trade hits 30 billion baht

Regent 4 Seasons Chiang Mai announces new general manager

M. Vogt

The Regent 4 Seasons Resort in Chiang Mai has a new general manager, Patrick Ghielmetti. Four Seasons currently manages hotels and resorts in 27 countries, and each and every one is a jewel of its own.

Patrick Ghielmetti, new general manager of the Regent 4 Seasons, a Swiss national introduced himself during a recent press conference.

Patrick Ghielmetti, a Swiss national, joined the 4 Seasons group nine years ago. He started with the 5 star hotel-chain at the Ritz Carlton in Chicago and worked in well known hotels like the Pierre in New York, at the 4 Seasons in Berlin as a post opening executive assistant manager and as a post opening manager at the Paris 4 Seasons before he moved to Egypt.

In Egypt he stayed for the last three years and opened ‘his baby’, the ‘Four Seasons Resort Sharm El Sheikh’, the first seaside resort hotel of 4 Seasons in the Middle East. The Sharm El Sheikh was built like a hillside village above the Red Sea and both he and his wife enjoyed the time there tremendously.

But the chance to get back to Thailand after 15 years of absence was a good reason to say good bye to the Middle East and turn towards Asia again. Everybody present believed Patrick Ghielmetti when he said, “It’s a pleasure to be back in Thailand and after having worked with the Royal Garden Group in Hua Hin and Bangkok many years ago, I do look forward to meeting and enjoying the Lanna culture. I am very proud to be the new GM of this spectacular resort which was voted Top International Resort, No. 1 in Asia by Andrew Harper’s Hideaway Report, USA in September 2003. I will try my very best to not only keep it No. 1 but to make it even more spectacular.”


Online stock trade hits 30 billion baht

Online trading in Thai stocks during the third trimester of 2003 has exceeded 30 billion baht with an increasing number of companies offering Internet-based trading services.

Executive director of SET trade.com Wittaya Wacharawithayakul said, “During the third quarter of this year online stock trading via SETtrade net trading system had risen to 31.877 billion baht, with 15 companies now using the system to sell stocks. This increasing popularity of online trading is reflected in the growing number of online trading accounts, with the 10,000-plus accounts currently open.”

Predicting that the number of accounts was set to grow throughout 2004, Wittaya added that SETtrade will continue to develop its net trading system by using new technology to increase speed and convenience of internet trading and will also increase the number of functions available to help investors make their trading decisions with greater accuracy. (TNA)