Vol. IV No. 27 - Saturday July 2 - July 8, 2005
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BUSINESS 
HEADLINES [click on headline to view story]:

Chiang Mai, City of Fashion

EGAT registered as public company limited

Chiang Mai, City of Fashion

Preeyanoot Jittawong

Chiang Mai, having declared itself a center of culture, now wants to be known as “Chiang Mai City of Fashion” and is holding a competition to encourage the metamorphosis. Chiang Mai Branch Office of the Industrial Promotion Center Region 1 is sponsoring a competition to stimulate product design development and for a chance to export products abroad. It invites interested people to attend the competition and fashion training. The winning piece will be presented during the Bangkok International Fashion Week.

“Chiang Mai City of Fashion” models at the press conference.

The Ministry of Industry has a policy to encourage Thailand to become a center of fashion business rivaling Italy, and Chiang Mai is the leader of the Northern provinces as it has many handicraft textiles and aspiring designers. This will support cotton and silk weaving and local skills to develop product designs.

Business management training and Lanna style designing are scheduled for July 9-10 from 9 a.m. – 5 p.m. at The Chiang Mai Hills Hotel, and a fashion competition will be held on August 20 from 6 p.m. at the Imperial Mae Ping Hotel, Chiang Mai. The winner and the runners-up will receive 30,000, 20,000 and 10,000 baht, and their products will be displayed.

Anyone interested can present their application at the Chiang Mai Branch Office Industrial Promotion Center Region 1 before July 5, or call 0 5324 5361-2, or contact Asst. Prof. Rojjana Cheunsirikulchai telephone 0 1998 3048.


EGAT registered as public company limited

The Electricity Generating Authority of Thailand (EGAT) was registered as a new public company limited on Friday, June 24 after the conversion of its status was approved by His Majesty the King and declared in the Royal Gazette on Thursday.

EGAT’s governor, Kraisi Karnasuta said the authority had been converted into ‘EGAT Public Company Limited’ ahead its earlier scheduled date of July 1.

This enables EGAT to mobilize funds on the Stock Exchange of Thailand (SET) by October.

On the cabinet-approved increase in the monthly salary of the authority’s staff by 8-15% upon the conversion of the EGAT status, he said the authority would attempt to accelerate the enforcement.

Kraisi said whether EGAT would raise funds on the SET in October or not would depend on the investment sentiment of the market.

However, he was confident there would be no problem for fund mobilization at that time. (TNA)



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