BUSINESS NEWS
HEADLINES [click on headline to view story]: 

Toyodabo officially opens factory in Rayong

Budget for smart cards approved

Home Care Cleaning cares of all your home comfort needs

Thai wooden tableware wins global popularity

German ambassador addresses GBL

Forces will be mobilized to combat economic crime

PM believes in growth potential of Asian economies

Industry minister lead business delegation to Vietnam

Toyodabo officially opens factory in Rayong

Specializing in the production of air filters, oil pressure valves and filters

Suchada Tupchai

Toyodabo Filtration System (Thailand) Co. Ltd (TBFST) factory was officially opened by Nobuyuki Ozeki, president of TBFST, along with the guests of honor, including Somphong Wanapha, secretary general, Vicharn Jayanandana, governor of Rayong province, Montha Veeravaitaya, deputy governor (Operation 2) and Junichi Yoshikawa, president of Toyoda Boshoku Corporation, at Toyodabo Filtration System (Thailand) Co. Ltd. Eastern Seaboard Industrial Estate.

Nobuyuki Ozeki, president of TBFST, Somphong Wanapha, secretary general, Vicharn Jayanandana, governor of Rayong province, Montha Veeravaitaya, deputy governor (Operation 2) and Junichi Yoshikawa, president of Toyoda Boshoku Corporation, tour the new Toyodabo Filtration System (Thailand) Co. Ltd. factory at the Eastern Seaboard Industrial Estate.

As a part of the ceremonies, a special show featuring traditional Thai dance and Ramakian was held as Nobuyuki Ozeki, president of TBFST made the welcoming speech before giving the guests a tour of the new facility, which has the latest in manufacturing technology.

Toyoda Boshoku Corporation first established Toyodabo Filtration System in 2002 with Denso Corporation (Japan) to produce oil filters for the automotive industry in Thailand and for export. The company was awarded BOI investment privileges in 2002 and its production plant is equipped with a full range of modern utilities and the most up-to-date production facilities.

At the beginning of 2003, TBFST decided to adopt and implement the ISO/TS 16949:2002 international quality standard system. With the close cooperation and the firm commitment of all management and staff towards this goal, the company was eventually successful in passing the final audit, being awarded ISO/TS 16949:2002 certification in the same year.


Budget for smart cards approved

Deputy Government Spokeswoman Sansanee Nakpong announced that the cabinet has approved a total budget of over 7.9 billion baht to support the Ministry of Information and Communications Technology’s multi-purpose identity cards, or smart cards, project. “The earmarked budget will be used to produce and manage the distribution of 64 million smart cards to all Thai citizens,” she stated.

The smart cards scheme will be divided into three parts; first, 12 million smart cards will be produced. Backed by another budget in the 2005 fiscal year, 26 million more will be available, and the rest of the 26 million smart cards will follow shortly after.

The computer chips embedded in the smart cards will not lead to accessibility of all individual information of cards’ holders, but the chips would only be a ‘key’ used to access to their information stored in a server. “So, if a card holder loses the card, he or she will not be at risk of being accessed to all reserved information,” Sansanee said. (TNA)


Home Care Cleaning cares of all your home comfort needs

Derek, a Canadian national, had a most unfortunate experience when he took his antique carpet to be cleaned but unfortunately it came back in a worse condition than before, almost to the point of being completely ruined. He went back to the shop to express his dissatisfaction of the service he received, only to be met by a very angry and unsympathetic shop owner who turned on him with verbal abuse. Like Derek, there are probably hundreds of people who have had to go through such a distasteful incident and they thought that there was nothing they could do about.

Jeed on a mission - off to see a customer.

But folks do not despair, there's hope: the recently established services of Home Care Cleaning is here to help you clean up the mess and even offer you a smile.

If it is your carpet, sofa or your car, Home Care Cleaning will shampoo clean it until the last stain is gone. Better bring your sunglasses along when picking up your car; you might be blinded by the shine.

Home Care Cleaning also offers other services such as marble, granite and stone floor polishing and floor cleaning and waxing. Of course they will also clean your condo, office and house.

Home Care Cleaning was opened last year in June, but the owner Rujira Siriphong, or Jeed, is no newcomer to the cleaning business. Jeed knows what she is doing - she’s been in the business for 7 years now. That makes her one of the most, maybe even the most experienced professional in town.

“Our aim is to please our customers, provide good service and establish a healthy relationship with them,” Jeed explains. “Our customers return and use our services again and again. That is a good sign.”

Prices are definitely the most reasonable ones in town - you will find that out yourself.

Home Care Cleaning currently works with companies such as Winnie’s Property Services and some of the sales staff at Kitchen Studio. But there is room for expansion.

Jeed currently employs 5 cleaners. Only the best cleaning chemicals from Johnson & Johnson are used. Some of the substances have to be picked up from Bangkok due to the lack of supplies in Pattaya. “Nothing is too good for our customers,” Jeed proclaims.

Home Care Cleaning is a little hidden away in Naklua, located opposite the entrance of the Sawang Boriboon foundation (206/18 M. 4, Naklua). However, you can easily reach Jeed by telephone (09 833 0352) during business hours to make an appointment and she will drop by your place to make you an offer. You can also call the office at 038 726 393 or email Jeed at [email protected]


Thai wooden tableware wins global popularity

Wooden tableware from Thailand enjoys the second highest market share in the world, earning the country revenue of over 2.5 billion baht each year, according to figures released by the Kasikorn Research Center (KRC).

Noting that sales of wooden tableware were on the rise throughout the world, the research report cited statistics from the Global Trade Atlas, showing that the world’s wooden tableware and household goods market was worth US$552.8 million in the year 2003, with a growth rate of over 4 percent per annum.

China and Thailand remain by far the world’s largest exporters of wooden tableware, together accounting for 70 percent of the global market value. However, Thailand, with a 13.9 percent share, trails well behind China in number one spot with 52.5 percent of the market.

Last year Thailand earned 2.6 billion baht from exports of wooden tableware and household goods, with popular woods including teak, coconut, rubber wood and mango wood. These are used to create goods such as bowls, cutlery, chopsticks and even wine cups. Designs of many of these products have departed from standard utilitarian fare, and consist of birds, animals and flowers. Major export markets for these products are the European Union, the USA and Japan.

The report stated that the export markets for Thai wooden tableware had considerable room for growth, thanks to the growing acceptance of Thai production skills and government support for small and medium enterprises including the One Tambon One Product scheme. (TNA)


German ambassador addresses GBL

Upcoming visit to Germany by PM Thaksin to strengthen ties

Elfi Seitz

The latest German Business Lunch (GBL) was held at the Royal Cliff Beach Resort, during which HE German Ambassador Andreas von Stechow expressed his joy to be the guest speaker for the third time in a row. The ambassador was accompanied by his wife Junko.

Panga Vathanakul, managing director of the Royal Cliff; Ranjith Chandrasiri, Royal Cliff’s deputy general manager; Nick Bauer, resident manager, and many other members of the management of the Royal Cliff and members of the GBL greeted the ambassador and his wife at the cocktail before the dinner.

Walter Kretschmar, the director of the Thai-German Institute, presided over the evening. The main topic was the forthcoming visit of Thailand’s Prime Minister Thaksin Shinawatra to Germany. Andreas von Stechow will fly to Germany a few days before this important visit to assist Thailand’s leading politician.

“Concerning the economy in Thailand, although many companies have returned to Thailand since 2001, many have also opted for China,” Andreas von Stechow pointed out. “No doubt, we had hoped for a bigger piece of the pie. But first, 500 million euros of old debts have to be taken care of and there is no better way than a state visit,” said the ambassador, with a smile. “However, some companies are ready to hand out new contracts, even if the old debts are not totally paid off,” he said.

His Excellency continued, “Thaksin’s visit will strengthen ties between our two countries. The Thai prime minister will visit President Rau, Chancellor Schr๖der, Bavarias Governor Stoiber and Minister of Agriculture Renate Knast. In the year 2002 there was an intensive emphasis on Thai-German relations with the visits of President Rau and Wolfgang Clement, the minister of economy and some important projects were undertaken. In a short while, a memorandum of cooperation will be signed concerning small and medium sized enterprises. The trade relations between Thailand and Germany are excellent and last year (trade between the two countries amounted to) 4.5 billion euros. The growth of Thai restaurants in Germany is enormous, the export trade to Thailand is strong and bilateral cooperation is good. Approximately 450,000 German tourists visited Thailand in the past year, and more Thai people are visiting Germany.”

The ambassador added, “But there have been other issues; the situation in Myanmar, the planned development aid from Germany, and the security measures of companies in the Kingdom.”

The ambassador then announced that on April 10 there will be a charity festival at the Berliner Bistro in Soi Potisarn to benefit HIV-infected children at a home in Bangkok and the Camillian Center Rayong. Hannes Suhm asked the attendees to donate some money, and 9,000 baht was collected for the cause.

The evening was a great success and ran late. All the guests were delighted to have another chance to meet with the ambassador with his charming wife Junko.


Forces will be mobilized to combat economic crime

The Ministry of Justice recently conducted a brainstorming session aimed at thrashing out approaches to solve economic crime, warning that economic crime was costing the nation billions of baht each year.

Wisit Wisitsora-at, director of the ministry’s operations, addressed the seminar. Hinting of famous incidents of economic crime such as the Enron scandal in the US, Wisit warned, “These problems could happen to Thailand. Whatever agencies are involved, they must join hands to carry out audits, rather than leaving everything up to the Special Investigative Branch.”

Wisit, who said that economic crime was costing the nation dearly, observed that the collection of evidence relating to economic crime remained one of the major weaknesses in combating it. “This weakness stems not only from problems within the system itself, but also basic errors of understanding,” he said.

Nonetheless, he stressed that the Special Investment Branch, the courts, lawyers, and businessmen were working together to identify these weaknesses, while also working to isolate loopholes in existing legislation.

The session was attended by representatives from the Securities and Exchange Commission (SEC), the Thai Association of Accountants and Licensed Auditors, the Chulalongkorn University’s Center for Business Crime Information, and the Special Investigation Branch. (TNA)


PM believes in growth potential of Asian economies

Prime Minister Thaksin Shinawatra expressed confidence that Asian economies have sufficient potential to grow on par with those of the United State and the European Union (EU). Delivering a keynote speech at the recent LSE Asia Forum 2004, Thaksin said the importance of future global economic correlation must be recognized, given economic uncertainties arisen from globalization.

The premier said, “The Asian economies have rapidly grown following the regional economic crisis in 1998, led by the economic boom in China and Thailand. In the fourth quarter of last year, the economies of China and Thailand expanded 9.9 percent and 7.8 percent respectively, resulting in a renewed concern over the repetition of the bubble economy in the region.”

The prime minister acknowledged many worried whether the Asian economies would be able to sustain the growth, and refrain from economic mismanagement as in the past. Thaksin said his initiative for the establishment of the Asia Cooperation Dialogue (ACD) in 2002, with 18 founding members, was aimed to use various comparative advantages of Asian countries to boost competitiveness among them, and would help strengthen Asia, which could benefit not only people in the region but globally as well.

He said Asia has great potential in terms of various resources and assets, as more than half of the global population are in the region and pointed out that the region’s combined international reserves total around US$1.5 trillion, more than half of the world’s reserves. (TNA)


Industry minister lead business delegation to Vietnam

Industry Minister Pinij Jarusombat recently led a Thai business delegation to visit Vietnam, aimed at enhancing and strengthening trade and investment ties and cooperation between the two member states of the Association of Southeast Asian Nations (ASEAN).

The Thai minister met with his Vietnamese counterpart Hoang Trung Hai, who expressed his wish for Thailand’s multi-formed cooperation, especially in industry. Hai said that Thailand had, by early this year, 118 valid projects in Vietnam, with a combined registered capital of over US$1.4 billion.

Thailand is Vietnam’s second largest investor in the region, and the ninth among 64 countries and territories. Thailand’s investment projects in Vietnam involve PVC powder and PVC compound production, food and animal feed processing, paint production, oil and gas, as well as hotel business, and restaurant services.

Hai said that he wanted Thai partners to continue cooperating with the Vietnam Oil and Gas Corporation (PertroVietnam) in oil and gas exploration, and exploration in Vietnam’s sea waters, possibly building a gas system project linking it with other ASEAN countries.

“Mining, engineering, rural electricity supplies, electronics assembling, garment and textiles, food processing, high-tech, handicraft village construction and development are also Thailand’s strengths that Vietnam is willing to cooperate with,” Hai said.

Meanwhile, Deputy Vietnamese Prime Minister Nguyen Tan Dung told the visiting Thai industry minister that strengthened investment and trade ties between Vietnam and Thailand would not only contribute to economic development of the two neighboring countries, but also to the development of ASEAN as a whole.

Dung hailed discussions on investment in mining, oil and gas, farm produce processing between the two countries’ industry ministers.

Later in the day, the Thai delegation attended a workshop on investment potential, opportunities and challenges in Vietnam, together with Vietnamese businessmen. (TNA)