Thank You Party 2009 at
Amari Rincome Chiang Mai Hotel
To mark the rebranding of the
Amari Rincome Chiang Mai Hotel with a new logo and growing services, Wim
Fagel, outgoing General Manager, centre, cuts a cake. His successor,
Nitwatcharee Wungsoonthorn, right, together with Kaiwala Luangpoomma, left,
the hotel’s executive secretary, look on.
The Amari Rincome Chiang Mai Hotel hosted the “Thank You Party 2009” to bid
farewell to the hotel’s former general manager Wim Fagel and to welcome the
new general manager, Niwatcharee Wungsoonthorn on October 27. Mr Fagel moved
to the Amari Residence Hotel in Bangkok on November 2 and Niwatcharee, the
former general manager of the Amari Atrium Bangkok Hotel, started on
TDRI: Weaker baht due to
foreign capital outflow
The current weakening of the baht stems from an outflow
of foreign capital after investors dumped shares in the Stock Exchange of
Thailand (SET), according to the Thailand Development Research Institute
Chalongphop Susangkarn, a distinguished academic at TDRI, said there is no
definite formula to supervise the baht value.
What agencies concerned must do is to oversee the baht to ensure it is not
too strong when compared with other currencies of rivals, he said, adding
that capital should be allowed to flow in and out to reduce speculation.
He predicted that the US dollar will continue weakening because the US
economy has not recovered clearly.
Many countries had attempted to reduce the role of the US dollar and replace
it with other currencies, but it will take time because the Japanese yen and
Chinese yuan are not in position to replace the US dollar.
Regarding the Central Administrative Court’s injunction against operations
of many industrial projects in Maptaput Industrial Estate, Chalongphop said
the government must continue to quicken the pace of transparency as foreign
investors view investment rules as having importance and that the
government’s policy must be clear and definite. (TNA)