Vol. IV No. 24 - Saturday June 11 - June 17, 2005
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BUSINESS 
HEADLINES [click on headline to view story]:

Upcoming Northern SME Fair to concentrate on ceramics

PM defends decision to monitor the baht

Upcoming Northern SME Fair to concentrate on ceramics

Preeyanoot Jittawong

Northern Small and Medium Enterprises (SME) Development and Distribution Promotion Center, Chiang Mai will hold its popular fair, entitled “The Journey of Ceramics”.

The fair will take place June 8-29, from 9 a.m. until 4 p.m.

Local producers combine local wisdom with Lanna culture and history in an attractive and unique way, said Napong Sa-nguannawaporn, manager of northern SMEs Center.

“Visitors will see 30 booths displaying goods, ceramic and crockery that were produced by SME members and OTOP groups. There will be also a seminar concerning marketing with advice from marketing experts.”


PM defends decision to monitor the baht

Prime Minister Thaksin Shinawatra has defended his decision to closely monitor movements in the local currency.

“I have instructed the finance minister, Dr. Somkid, to supervise the baht and ensure it reflects the real value. I have never given any signal that the economy was in trouble,” the premier said.

The premier said he was paying special attention to the continuing weakening of the baht but so far it has not damaged the economy.

“Our policy never focuses on strengthening or weakening of the baht. Actually, it stresses that the baht’s movement should reflect its real value. That’s all,” said Thaksin.

The prime minister admitted that Thailand’s trade deficit was largely because of rising oil prices. Gross domestic product (GDP) growth will be lower than the target and inflation rates will remain high, he said.

“To address these problems, we need to supervise the economy as a whole and restore investor confidence,” Thaksin said.

The premier pledged to try to revive economic growth by the end of the year, although it would very tough.

“But it is usual to be hard-pressed because we are hired to solve the problems, not to take a rest,” Thaksin said.

The government will have to work hard to maintain the country’s economic growth, he said. (TNA)



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