Vol. V No. 29 - Saturday July 15, - July 21, 2006
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BUSINESS 
HEADLINES [click on headline to view story]:

THAI spends Bt100 million in Suvarnabhumi Airport move

Siam Paragon establishes events arm

THAI spends Bt100 million in Suvarnabhumi Airport move

Thai Airways International Plc. (THAI) will spend around Bt100 million in moving its operations base from Bangkok International Airport (Don Muang) to Suvarnabhumi Airport.
Speaking after a meeting last week among concerned agencies to facilitate the move, Deputy Transport Minister Gen. Chainant Charoensiri said that THAI would need several thousand truck trips to move its base from Don Muang to Suvarnabhumi.
“THAI must transfer all its aeronautical, catering, office and other equipment to Suvarnabhumi Airport with 3,000 transport trips,” he said, adding that the move would intensify in the lead up to the new airport’s official opening in September.
The national flag carrier has hired private companies such as DHL and Total Logistics, which have expertise in conveyance to help move its facilities, the deputy minister said. (TNA)


Siam Paragon establishes events arm

Siam Paragon Development Co, operator of Bangkok’s largest shopping complex, has signalled its intention to grab a bigger slice of the meetings and events pie with the announcement it has set up a new subsidiary to handle the lucrative market.
Royal Paragon Enterprise Co will be responsible for organising events and marketing Siam Paragon as one of the region’s leading shopping destinations.
Siam Paragon Development chairman, Mr Charnchai Charuvastr, said the 400-million-baht (US$10.5 million) Royal Paragon Hall, with a space of 12,000m2 on the fifth floor of the shopping complex, could host exhibitions, trade fairs and special events.
He said: “We want to create exposure for our venue among incentive tour groups, because they have high purchasing power. If there is an incentive tour twice a month at Siam Paragon Hall, spending at Siam Paragon will increase an extra 10 per cent.” (TTG)



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