Commerce with a conscience
UK Ambassador for British Business to address Chiang Mai
The International Peace Foundation in cooperation with
Chiang Mai University will bring another participant in the event series
“Bridges - Dialogues towards a culture of peace” to Chiang Mai.
Anita Roddick, UK Ambassador for British Business.
Dame Anita Roddick, founder of ‘The Body Shop’, will
give a keynote speech at Chiang Mai University (Faculty of Business
Administration) on Thursday, March 4, at 10 a.m. Her topic will be,
‘Corporate Social Responsibility and Community Trade’.
Dame Anita Roddick is founder of ‘The Body Shop’, a
company with 2010 stores in 52 countries. She views business in the greater
context of a world that should respect nature, animals, people and
employees, for which she is one of the leaders for corporate social
responsibility throughout the world.
She taught English and history, worked in the
‘Women’s Rights Department’ of the International Labor Organization in
Geneva, owned and managed a restaurant and a hotel before she opened ‘The
Body Shop’ in 1976 in Brighton. She believes that commerce with a
conscience is not only a moral imperative but a competitive advantage. She
has received numerous awards for her leading role in the business world, for
her humanitarian efforts and for her engagement in environmental issues.
Anita Roddick is the recipient of many honorary degrees and is the UK
Ambassador for British Business. She was made a Dame of the Order of the
British Empire last year.
For information and free tickets, telephone 053 943 661-5, 053 224 076 or
053 941 007, fax 05) 219 252, 053 943 666 or 053 942 666, email
[email protected] .ac.th or [email protected]
Government pension fund expects
returns to grow 25 percent
The Government’s Pension Fund (GPF), Thailand’s
largest state fund manager, said it will continue to view the Stock Exchange
of Thailand (SET) optimistically and expects the GPF’s return on its
equity investments this year to average between 25-30 percent.
Secretary-general Visit Tantisunthorn said, “The GPF
plans to raise its investment in the equity market up to 17-18 percent of
its total assets from 15 percent last year, while reducing this year’s
investment in the bond market down to 75-78 percent from 79 percent last
year. In my view, the SET still has room for future growth. The recent bird
flu outbreak created fluctuations on the SET’s index, but Thailand’s
overall economic fundamentals still look very healthy.”
Visit said the GPF wants to invest in state enterprises
such as the Airports of Thailand Plc (AOT) and the Electricity Generating
Authority of Thailand (EGAT) which plan to go public this year. He added
that GPF is also looking to purchase stocks in the financial sector.
Visit said that the GPF plans to spend about 8 billion
baht on investments in local and foreign mutual funds and government bonds.
In addition, the GPF is eying investment in foreign bond markets. Research
has shown that managing assets in the local market may get tougher if local
interest rates go up in the second half of 2004 in the face of a stronger
Thai economy. (TNA)
Employers to get illegal labor amnesty
Deputy Prime Minister Bhokin Bhalakula announced that
employers of illegal foreign laborers will not be prosecuted under a new
plan to encourage companies to register their foreign workers.
Speculating that over 800,000 foreign laborers are
probably hiding from the Thai authorities, Bhokin said that the amnesty for
employers would allow the government to gain an accurate impression of the
number of Lao, Myanmar and Cambodian workers in Thailand.
Under the government’s scheme, to be operated jointly
by the interior and labor ministries, employers currently hiding their
foreign workers will be able to take their employees to be registered,
without fear of prosecution on either side.
Bhokin said, “Once the government has gained an
accurate picture of the foreign labor situation, it will do everything in
its powers to ensure that foreign workers start entering Thailand legally,
rather than illegally, with passports and work permits.”
While police will continue to arrest foreign laborers,
they will focus on cases which involve cheating, torture and human rights