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THAIFEX 2015 has concluded with THB8,280m in earnings

BANGKOK, 26 May 2015 (NNT) - THAIFEX-World of Food Asia 2015 has concluded successfully on Sunday at IMPACT arena, attracting over 130,000 visitors and generated THB8,280m of income, according to Director-General of the Department of International Trade Promotion Nuntawan Sakuntanaga.


Most of the earnings, or THB8,115m, was in the form of purchasing orders resulting from business negotiations on the business day of the event whereas THB1,406m was worth of immediate orders made by the public. Business matching was arranged for nearly 200 pairs of entrepreneurs through the platform of Thaitrade.com. It had generated THB75m in earnings.

“The government has emphasized on developing Thai traders as the world’s leading suppliers in agro- and food industries. It has motivated Thai suppliers, through the DITP, to produce value-added goods and strengthen their branding to reach higher level of consumer confidence,” said Mrs.Nuntawan.

She continued that the Commerce Ministry had plans to strengthen ties with foreign partners through proactive negotiations and reduce trade barriers at all levels.

The Thai government has set its goal to make Thailand ASEAN’s biggest center of food and service industries, paving the way for the country to become a leading Kitchen of the World.

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BANGKOK: -- Land Transport Department deputy director general Jirut Wisaljit said several complaints of taxi drivers rejecting passengers have been made via an online app of the department.

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Four state agencies to collaboratively process earthquake-related information

BANGKOK, 26 May 2015 (NNT) – Four state agencies have signed a memorandum of understanding on the sharing of earthquake-related information, in a bid to reduce confusion and panic among the public after earthquakes.


The MOU has been signed by the Electricity Generating Authority of Thailand, the Meteorological Department, the Department of Mineral Resources and the Royal Irrigation Department. The four agencies will, from now on, handle data and information relating to earthquakes in a unified manner. Data from each agency's earthquake-measuring stations and devices will be recorded to the same database. The aim is to make information presentation to the public more concurrent, so that panic and confusion would not ensue.

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FTI to adjust its GDP projection after Q2

BANGKOK, 26 May 2015, (NNT) - The Federation of Thai Industries is to adjust its projection of this year’s gross domestic product (GDP) after the second quarter. It may also revise down the domestic auto sale forecast, as commercial banks have become more strict with their lending.


President of the FTI Suphan Mongkholsuthee said his agency has currently estimated that the economy will grow by 3.5 percent; however, it would likely adjust that figure at the end of the second quarter.

According to him, the major driving forces at the moment are the government's stimulus measures, its plan to accelerate budget disbursement, and its efforts in dealing with low agro- product prices. The latter also helps increasing public purchasing power as well as boosting domestic spending.

Another positive factor is the fact that the Thai Credit Guarantee Corporation (TGC) has increased the ceiling limit on risk insurance from 18 percent to 30 percent. The move came after various financial institutes became more strict with lending to small- and medium-enterprises (SMEs).

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Posted

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Los Angeles: US prosecutors have asked a judge to sentence an Australian prison counsellor to a maximum 12.5 years' jail for his role in the massive global drug-trafficking website Silk Road.

Full story: http://www.thaivisa.com/forum/topic/828054-australian-peter-nash-to-be-sentenced-over-role-in-silk-road-drug-trafficking-website/

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