PM assures Thailand’s readiness to cope with AFTA impacts
Prime Minister Abhisit Vejjajiva on Thursday said the government has set a
plan to deal with impacts on the economy after ASEAN Free Trade Area (AFTA)
becomes effective this year.
During his speech about AFTA at a Bangkok hotel, the prime minister said the
AFTA agreement will affect the Thai economy both negatively and positively,
but there will be more positive than negative impacts.
“We’re
ready,” says Prime Minister
Abhisit Vejjajiva.
It is expected that Thailand will enjoy a larger trade surplus, amounting to
US$10 billion, compared to other ASEAN countries, and Thailand can
definitely compete with other countries in the region.
Agricultural produce, forest cultivation and some entrepreneurs may be
affected but the government has mapped out assistance measures through
funding from relevant ministries, he said.
He called on entrepreneurs to make adjustments to become more competitive
and lessen the negative impacts.
Meanwhile, Deputy Commerce Minister Alongkorn Ponlabutr said ASEAN countries
are the core market for Thailand’s exports and it is expected that the
recent growth will continue.
In 2009, Thailand’s total export to ASEAN countries was US$40 billion while
import value amounted to US$30 billion, making the country’s trade surplus
US$10 billion.
Alongkorn said a combined ASEAN population of 580 million and US$1.5
trillion Gross Domestic Product (GDP) will be a key factor for Thailand to
enhance its trade and investment.
ASEAN comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the
Philippines, Singapore, Thailand and Vietnam. (TNA)
City, Burapha team up to support tourism-related businesses
(L to R) Rattanachai
Sutidechanai, chairman of the Pattaya Tourism and Sport Committee, Sinchai
Wattanasartsathorn of the PBTA, Deputy Mayor Ronakit Ekasingh and Jamroon
Vitsavachaipan, president of the PBTA announce the new pact.
Ariyawat Nuamsawat
Pattaya-area companies will soon be able to call on academic experts
from Burapha University to help build their tourism-related businesses.
The Pattaya Center for Sustainable and Excellent Business Management and
Entrepreneurship will operate four offices - in front of Pattaya City Hall, at
the mouth of Walking Street and two in Jomtien Beach - that will provide
academic information for tourism businesses in coordination with the Pattaya
Information Service Center.
Speaking at a Dec. 16 Pattaya Business & Tourism Association meeting at the
Green Park Resort, PCEBE Director Virasit Pitichareonporn said this academic
collaboration with Burapha’s Tourism Management Department will bring a new
dimension to the way Pattaya supports and promotes its tourism-related small
businesses.
“Pattaya will benefit from an academic database of entrepreneurial data.
Business owners will be able to ask questions, request support and learn about
business solutions all in one place,” he told the PBTA.
“Our professional researchers are teaming up to offer useful information,” he
said. The center will focus on three areas: projects and special activities,
knowledge and training and “one stop service.” Once open, the offices will
operate from 8:30 a.m. to 6:30 p.m. weekdays. The date the offices will open was
not made available at press time.
FTI reports highest domestic auto sales in November
Thailand’s domestic sales of vehicles in November totaled 57,031
units, the highest monthly figure in 2009 and representing a
23.8 percent increase year-on-year, according to Surapong
Paisitpatnapong, spokesman of the Automotive Industry Club of
the Federation of Thai Industries (FTI).
Auto
sales are up in Thailand.
The higher auto sales were due to a continued increase in
consumer confidence thanks to the government’s economic stimulus
packages since the second quarter of this year.
Motorcycle sales in November reached 130,264 units, a 3.94
percent increase from the same month last year while vehicle
production amounted to 120,985 units, a 4.26 percent increase
year-on-year, said Surapong, adding that it was recorded as the
highest in the past 13 months.
The production from January to November 2009 accounted for
887,656 units in total, a 32.21 percent drop from the same
period last year.
Meanwhile, auto production for export in November was recorded
at 64,181 units, a 2.89 percent increase from the same period
last year thanks to more export orders from Asian and Australian
markets, said the spokesman.
Auto production for domestic sales in November totaled 56,804
units, a 5.86 percent increase year-on-year due to a sales
increase since September. (TNA)
Regulations on environment and
health impact assessment to be issued
Thailand’s National Environment Committee has agreed to issue
regulations, requiring industrial projects nationwide to conduct assessments on
environmental and health impacts and public hearings, Prime Minister Abhisit
Vejjajiva said on Thursday.
The environment panel, chaired by the prime minister, agreed with proposals by a
four-party panel, chaired by former prime minister Anand Panyarachun, to solve
the Maptaphut situation.
Under the regulations to be issued by the Natural Resources and Environment
Ministry, the industry sector will be required to conduct Environment Impact
Assessments (EIA), the Health Impact Assessments (HIA) and hold public hearings
with local residents before an industrial project is launched, Abhisit said.
The regulations will be submitted to the Cabinet this week and are expected to
be put in effect after an official announcement in the Royal Gazette.
The four-party panel will go ahead with drafting criteria to set up an
independent body under the Constitution to regulate the industrial sector to
comply with the regulations.
The prime minister said suspensions of about five or six industrial projects in
the Maptaphut Industrial Estate are expected to be lifted, assuring that the
regulations to be issued will create confidence among investors.
The Central Administrative Court issued an injunction in September ordering
suspension of 76 industrial projects at Maptaphut for failing to meet
environmental and health impact assessment requirements under Article 67 of the
2007 Constitution.
The injunction followed complaints from local residents and environmental groups
that state agencies failed to issue proper operating licenses for the industrial
projects and that the projects failed to provide health impact assessments
required by the 2007 Constitution.
Out of 76 industrial projects suspended by the Central Administrative Court, 12
projects were later allowed by the court to continue while 64 others remain
suspended. (TNA)
Government seeks to reduce New Year’s road toll by 5%
The government has targeted reducing the number of road
accident victims during the New Year’s holidays at five percent below last year,
said Anucha Mokhaves, director-general of the national Disaster Prevention and
Mitigation Department.
The number of fatalities during last New Year’s holidays stood at 367, said
Anucha, adding that his department will establish a centre to oversee safety and
assist road victims from now until January 4.
Deputy Prime Minister Suthep Thaugsuban, who is responsible for national
security affairs, has assigned both the interior and public health ministries as
major agencies supervising traffic safety during the period, Anucha said.
Prime Minister Abhisit Vejjajiva said while presiding over the 2009 National
Disaster Prevention Day ceremony, held at Bangkok’s Dusit Zoo, that members of
the public should be alert in preventing accidents as the country has lost more
than Bt200 billion annually in the past on accidents.
On a plan by members of the anti-government United Front for Democracy against
Dictatorship (UDD) to organize a countdown to the New Year in the northern
capital of Chiang Mai, Abhisit said he believed the planned gathering would not
affect tourism in the province.
So far there are no reports of a “third-hand” creating disturbances during the
gathering, Abhisit added. (TNA)
Thai bourse likely to rally to 812 late next year: survey
The Stock Exchange of Thailand’s composite index is likely
to climb to 812 points late next year, higher than the 764 points predicted
earlier, because investor confidence has begun to improve upon an implementation
of the Thai Khem Keng (Strong Thailand) scheme, according to an opinion survey.
Sombat Naravuthichai, secretary-general of the Securities Analysts Association,
said various projects implemented under the scheme are expected to help
stimulate local consumption and investment.
Under the circumstances, it is believed the economy would contract only 3.2
percent this year against 3.4 percent forecast in September.
Most securities analysts believed the economy next year would expand 3.5 percent
against 3.2 percent expected previously. Analysts are more optimistic about
economic growth next year.
Therefore, they projected the SET index would stay at 726 points this year,
higher than expected earlier at 674 points. It would edge higher to 812 points,
up 48 from 764 points forecast earlier.
They estimated the index would peak at 845 points and reach a bottom at 625
points. This means the Thai stock market would remain volatile next year with a
wide range of 220 points.
However, 95 percent of the securities analysts polled had the view that local
political conflicts remain a key risk factor that could affect the index
movement next year.
In addition, most analysts are concerned about impacts of the suspension of
investment projects in the Maptaphut Industrial Estate because it could affect
profits of major companies listed on SET.
Even so, combined profits earned by listed companies in 2010 would increase by
13 percent with the hotel, petrochemicals and shipping sectors enjoying the
highest growth of 76.8, 40.6 and 20.39 percent respectively, in tandem with the
global economic turnaround. (TNA)
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