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Bangkok Bank PLC approves 390 baht million loan for Raimon Land project
Pictured from left to right:
Khun Piya Sosothikul, Senior Vice President; Khun Apichart Ramyarupa,
Executive Vice President; Khun Thamnoon Laukaikul, Senior Executive Vice
President & Director (all Bangkok Bank); Mr. Nigel Cornick, CEO of Raimon
Land & Mr. Jeremy King, Executive Director of Raimon Land.
Mr. Nigel Cornick, CEO of Raimon Land, announced July 7
that the company had signed a loan agreement with Bangkok Bank Public Co.,
Ltd to provide the project financing for “The Heights Phuket”, a luxury
condominium development located on Kata Beach in Phuket.
Commenting on the loan facility Mr. Nigel Cornick said: “We are delighted to
have entered into this funding facility with Bangkok Bank Plc. It is a
further demonstration of the confidence that the major Thai bank has in the
company and in our Phuket project.”
He went on to add: “The Heights Phuket has been very well received by the
market. At present we have sold 29 units (out of 51) or approximately 55% of
the project’s value.”
The development is located at Katanoi Road, Karon sub-district, Phuket and
is comprised of 51 luxury condominiums with two and three bedrooms ranging
in size from 195sqm to 414sqm. All units look over Kata Beach and enjoy
panoramic views of the Andaman Sea’s crystal clear waters.
Further Thai-US FTA talks left
for new Thai government
Thailand’s new government after the next general election
later this year will take care of further negotiations between Washington and
Bangkok on the proposed Thai-US Free Trade Area (FTA) Agreement, Foreign
Minister Kantathi Suphamongkhon said last week.
Speaking in a special interview with Thai News Agency (TNA) from the United
States, Dr. Kantathi said he had met and held talks with his US counterpart Dr.
Condoleezza Rice to discuss bilateral relations between the two countries, as
well as issues of mutual interest.
The issues include the planned FTA pact between the United States and Thailand
and Washington’s plan to grant trade privileges under the generalised system of
preference (GSP) to developing countries later this year.
Dr. Kantathi said he informed Dr. Rice that Thailand views the planned Thai-US
FTA agreement as a sensitive issue in which public and parliamentary
participation to exchange ideas and opinions is needed, and Thailand’s current
caretaker government has, therefore, decided to leave new rounds of talks to the
new government formed after the next general election.
“I’ve informed Dr. Rice of the reasons behind the postponement of the Thai-US
FTA talks,” said Dr. Kantathi.
The Thai foreign minister said he also asked Washington to renew the GSP to some
Thai export products later this year in order to support Thai entrepreneurs,
particularly those running small and medium-sized enterprises (SMEs).
The US government reportedly plans to scrap the GSP for Thailand later this
year, citing the country’s development to a satisfactory economic level as the
reason.
Meanwhile, Thai Deputy Prime Minister and Commerce Minister Somkid Jatusripitak
is also lobbying American authorities for the extended GSP for Thai exporters
later this year.
The Thai foreign minister said Washington had also expressed interest in and
supported Thailand’s role in helping address the nuclear problem in the Korean
Peninsula and in promoting economic crop plantations as a substitute for
drug-crops in African countries.
Dr. Kantathi revealed that his US counterpart also promised to take part in the
forthcoming summits of the Association of the Southeast Asian Nations (ASEAN) to
be held in Malaysia later this month. (TNA)
Thai-UK 2006 Exhibition
The Thai-UK 2006 exhibition, which is being jointly
organised by The British Chamber of Commerce Thailand (BCCT) and the Bangkok
Exhibition Services will be held at the Queen Sirikit National Convention
Centre in Bangkok from 7-9 September.
The exhibition, held during the auspicious year that celebrates the 60th
anniversary of the King’s accession to the throne is expected to attract a
wide scope of business people from throughout Thailand together with members
of the expat community in Bangkok.
The 3 day event will be staged in Hall A and the grand ballroom of the
Convention Centre, giving the exhibition its own VIP and visitor entrances
and will host a variety of attractions and an evening reception, with the
key emphasis placed upon the exhibitors and their respective businesses.
Anyone interested in participating in this year’s exhibition should contact
the organizers on 02-617-1475 ext. 111.
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