Major expansion planned for the Green Bus
Laos and Kunming added to routes this year
Somchai Thongkamkhun, Managing
Director of Green Corp. Co., Ltd. announced expansion plans for the upcoming
Asean Economic Community.
The luxury Green Bus Co. is planning a 5 billion baht expansion over the
next three years in a bid to take advantage of the opening of Asean under the
Asean Economic Community in 2015.
The Green Bus will expand routes in 6 neighboring countries; Laos, Cambodia,
Myanmar, Malaysia, Singapore and China.
Somchai Thongkamkhun, Managing Director of Green Corp Co., Ltd. announced the
company plans to expand personnel and inventory to accommodate the increased
traffic that will come with more open borders. He added that although there has
been talk of high speed rail that is still in the future and people will always
want to travel by road as it is much lower cost than the high speed rail will be
and much lower than flying by air.
The company plans to solicit venture capital as well as bank loans to increase
their number of buses from 100 to 1,000 and to increase the number of personnel
to 1,500. The company will also work to develop language skills of their
employees to enable communication as the network expands. Somchai added that the
company will be in full cooperation with all Asean regulations and laws in
operating the bus concession.
The company will start pilot projects with routes from Chiang Mai to Vientiane
and Luang Prabang and Chiang Mai to Kunming in China.
Thai Banking Sector Linking Businesses in the Greater Mekong Subregion
Thailand’s banking sector is connecting businesses in the Greater Mekong
Subregion (GMS), in order to collectively enhance competitiveness, to
promote a sense of community, and to strengthen the subregion in preparation
for the ASEAN Economic Community.
Speaking at the recent Greater Mekong Subregion Investment Forum, Mr.
Prasarn Trairatvorakul, the Governor of the Bank of Thailand, stated that as
a member of GMS, Thailand’s financial system could play a role in bridging
between the global financial players and the smaller local intermediaries,
which would serve the broad-based demands of the economy.
Mr. Prasarn also added that Thai banks had an important role in partnering
Thai and GMS corporations in the areas of project evaluation, business
set-up, and cross-border financial transactions. By filling this role, the
Thai banks have become a natural partner to bring GMS business and
investment to Thailand.
Playing the role of connector, Thailand’s banks are also acting as a link or
point of reference for the entry of global banks into this subregion.
Prime Minister Yingluck Shinawatra earlier expressed Thailand’s strong
support for the development of the Greater Mekong Subregion, saying that
Thailand regards its development as a major drive for the realization of the
The Prime Minister stated that economic development and capacity-building in
GMS would contribute to the move toward realizing the ASEAN Community by
2015. The latest GMS summit approved the 2012-2022 GMS Strategic Framework
as a foundation and orientation for subregional economic development
cooperation. All member countries agreed to organize the fifth GMS Summit in
Thailand in 2014. Established in 1992, the GMS summit is held every three
Apart from Thailand, the GMS also consist of Cambodia, southern China, Laos,
Myanmar, and Vietnam. The five countries, besides China, are members of the
Association of Southeast Asian Nations, which is striving to promote its
community-building efforts for the integration of the region as a whole. (PRD)
Thailand finally gets
Inc. extended its music presence in Asia with the launch of its iTunes Store
in Hong Kong, Taiwan, Macau. The iTunes Store will also available in Hong
Kong, Taiwan, Macau Singapore, Brunei, Cambodia, Laos, Malaysia, the
Philippines, Thailand, Sri Lanka and Vietnam and will offer more than 20
million songs, Apple Inc. China and India are still missing from the list.
Experts believe that readily available music online will help combat piracy.
Prior to this Apple allowed users in Thailand to only purchase mobile
application through its App Stores. Now users in Thailand will be able to
download and purchase songs and movies directly.
This move is not only expected to see the local digital music and video
content market to grow 20% this year but to also allow new musicians and
artists a venue to promote their music.
CAPTION: iTunes is rolling out in 12 countries across Asia including
Thailand, HongKong, Macau, Singapore, Brunei, Cambodia, Laos, Malaysia, the
Philippines, Sri Lanka and Vietnam. EPA/JEROME FAVRE