Vol. V No. 27 - Saturday July 1, - July 7, 2006
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BUSINESS 
HEADLINES [click on headline to view story]:

David Alexander appointed Development Director

Sales of alcohol rises 20% during World Cup

Thailand seeks negotiation with Malaysia on NTB cut for vehicle exports

Azerbaijan welcomes Thai investors

David Alexander appointed Development Director

Raimon Land PLC recently announced the appointment of David Alexander to the position of Development Director.
Mr. Alexander brings to Raimon Land 18 years of experience in real estate and is a member of the Royal Institute of Chartered Surveyors (UK). He began his career in the UK where he worked for 2 years with Bernard Thorpe & Partners before moving to Hong Kong where he worked for Richard Ellis.

David Alexander, the new Development Director of Raimon Land PLC.

He has 13 years of experience working in real estate in Thailand, where he has been since 1993, as he was previously Director for Brooke Hillier Parker and Executive Director for Insignia Brooke
“I am delighted to be joining Raimon Land, particularly at his exciting time. The company is currently completing premium projects in Pattaya and Phuket. We also have additional projects in the pipeline in Pattaya, Phuket and Bangkok”, said Alexander.
Raimon Land’s CEO, Nigel Cornick commented: “We are very pleased to welcome David to our company. He brings a wealth of experience and knowledge about the real estate market in Thailand and will further strengthen our position as one of the fastest growing real estate companies in the kingdom.”


Sales of alcohol rises 20% during World Cup

Thailand’s sales of alcoholic drinks during this year’s World Cup are projected to increase by 20 per cent - equivalent to Bt2.8 billion (about US $73 million), according to a report issued by the Kasikorn Research Center (KRC).
The report said that manufacturers and vendors of alcoholic drinks in Thailand are enjoying brisk business as sales are anticipated to rise by at least 20 per cent during the popular World Cup event. The month-long playoffs began on June 9 and end on July 9.
The leading think tank said the increase in sales was reflected by excise tax collections from alcoholic drinks between June 1-15 which had already risen 3-4 per cent higher than the projected target.
Excise tax collections during the first eight months of the 2006 fiscal year ending May 31 were, however, about 9 per cent lower than the government target.
Whether sales of alcoholic drinks would rise significantly during the World Cup would depend on marketing campaigns adopted by the operators, the KRC report stated.
The research organisation added an admonition that football fans should also look after their health as they will likely have only a few hours of sleep during the tournament. (TNA)


Thailand seeks negotiation with Malaysia on NTB cut for vehicle exports

Thailand’s ministries of finance and commerce are seeking Malaysian government cooperation in relaxing non-tariff barriers (NTB) on automobiles produced in Thailand in order to permit the kingdom to export more cars to the neighbouring country.
Finance Ministry Fiscal Policy Office director-general Naris Chaiyasoot said plans to restructure auto taxes by the ministry were now almost complete and will be forwarded to the ministry’s permanent secretary for consideration this week.
But, he said, Thailand still faces Malaysian non-tariff measures which are in place and which impede Thailand’s automotive exports.
Although the two countries earlier agreed to lower automotive taxes to 5 per cent from 20 per cent, according to Mr. Naris Thailand is still disadvantaged because of the stiff import regulations imposed by Malaysia which permit Thailand to export only 50,000 cars annually, despite a healthy market demand in that country of about 100,000 cars a year.
Mr. Naris said FPO, the Industrial Economics Office and the Commerce Ministry are trying to negotiate with Malaysian authorities to either relax or abolish the regulations in order to encourage fair competition.
Should the NTB ease, he believed, Thailand’s vehicle exports to Malaysia would increase substantially. (TNA)


Azerbaijan welcomes Thai investors

Azerbaijan is issuing a welcome to all Thai businesses interested in investing in the Central Asian country, especially those firms who can assist in the expansion of local infrastructure and utility systems, according to Thai Foreign Minister Kantathi Suphamongkhon.
Mr. Kantathi, whilst attending the 33rd Ministerial Meeting of the Organization of the Islamic Conference (OIC) in the Azerbaijan Republic’s capital of Baku from June 19-21, told TNA that he was informed of the investment opportunity for Thai investors from the President of the Azerbaijan Republic, Ilham Aliyev at a ceremony to open the Honourable Thai Consulate in Baku..
The newly opened consulate will facilitate Thai investors who want to expand their investment bases into the Azerbaijan Republic as well as provide services to Thai tourists who visit the oil-rich state which gained independence from the Soviet Union in 1991. (TNA)



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