HEADLINES [click on headline to view story]:

33 years anniversary of Nopadol Panich

Northern BOI eyes up Laos, southern China

Alcohol industry in the doldrums

33 years anniversary of Nopadol Panich

Watcharapong Jingkaujai

Nopadol Panich, an agent of construction and interior decoration supplies, celebrated their 33rd anniversary and became the first Cement Thai Home Mart Max of Chiang Mai, the largest in Thailand, located on Chiang Mai-Lampang Rd.

Nopadol Anonthawilad, CEO of Nopadol Panich Co., Ltd (first from left), Boonlert Buranupakorn, Chiang Mai mayor (center) and Pornchai Jitnawasatian, deputy mayor Chiang Mai take part in the jumbo celebration.

Chiang Mai Governor Suwat Tantipat presided over the grand opening of the celebration, accompanied by Boonlert Buranupakorn, Chiang Mai mayor, and Pornchai Jitnawasatian, deputy Chiang Mai mayor, as well as the Chinese consul-general.

Nopadol Anonthawilad, CEO of Nopadol Panich Co., Ltd. said, “33 years ago, our company was located in a two-block building, but it has now grown into the Cement Thai Home Mart Max, and it is time for Kittichai, Thanan and Thanatporn Anonthawilad to administer the business.

“The important point leading to Nopadol Panich’s success is that good quality products are offered, and that it is honest and trustworthy. Nopadol Anonthawilad is a role model for other businessmen, due to his efforts and repaying to the community,” the governor informed.

Goods on display included a golden bath, smart flush toilets and many more facilities.

Northern BOI eyes up Laos, southern China

The Board of Investment’s (BOI) northern office is teaming up with the Economic Quadrangle Committee and the chambers of commerce of the country’s 10 northern provinces to create an economic and trade network linking Thailand with Laos and southern China through Nan province.

Siriporn Nurak, the office’s director, told reporters that the BOI will lead a delegation of small and medium-sized enterprise (SME) representatives to survey investment opportunities in Laos and southern China this month.

The tour will take the delegates from Chalerm Prakiert district in Nan through Laos to China’s Yunnan province.

During the trip, the delegates will have a chance to exchange ideas and information with government agencies, chambers of commerce and local businesspeople. Siriporn expressed hope that the move would benefit Thai SMEs by helping expand trade and marketing channels. (TNA)

Alcohol industry in the doldrums

Thailand’s alcohol industry needs to use marketing and price strategies to pick itself up from the severe slump caused by poor sales over recent months, according to one of Thailand’s leading research centers.

Warning that the prospects for the alcohol industry remain poor this year, the Kasikorn Research Centre (KRC) notes that the rising price of fuel and severe drought conditions have severed to put a severe dent in consumer purchasing power, with the result that consumers are tightening their belts and refraining from making unnecessary purchases.

The research center, which says that the local alcohol industry will find itself up against a marketing crisis, particularly in the second half of the year, cites figures showing that sales of liquor and beer slumped 1.8 percent in the first quarter of 2005, compared to a positive growth rate of 5.4 in the first quarter of 2004.

The report also points to a slump in the export market for alcohol, pointing to export sales of only USD15.5 million in the first two months of the year, representing a 17 percent drop in the growth rate.

While beer and liquor exports dropped, only wine exports improved in the period, recording a 130.7 percent growth rate, thanks to heavy government promotion.

The report calls on alcohol manufacturers to adjust their marketing strategies in response to the current economic climate, setting prices at their lowest possible levels to target low-income consumers. (TNA)