Briefs

WEDNESDAY, OCTOBER 10, 2012
Briefs

Flood rehab panel approves 24 projects

 
The subcommittee for rehabilitation of investment after the flood crisis has given the green light to 24 projects, worth a total of Bt10.37 billion, in industrial estates in Ayutthaya and Pathum Thani.
Of the total, 17 projects, worth Bt7.65 billion, were hit by last year’s floods and seven projects, worth a combined Bt2.72 billion, are new or in expansion phases.
Industry Minister Pongsvas Svasti said after the committee meeting that 16 of the 17 existing projects remain in their locations. Only one, Ichitan Group, relocated its operation. Ichitan Group produces vegetable and fruit beverages with annual production capacity of 400 million litres. – The Nation
 
 
Financial leakage in
Laos ‘still quite large’
 
Although the Laotian government exceeded its financial targets for the 2011-12 fiscal year, leakages remain significant, according to the country’s finance minister, Phouphet Khamphounvong.
He made the comment in an interview with Laotian media during the annual meeting between the government and provincial governors, which began on Monday.
“We have yet to collect revenues commensurate with the tax base we have. We have found that financial leaks in our national budget are still quite large,” he said.
Domestic revenue collection reached 15 trillion kip (Bt57.7 billion) for the 2011-12 fiscal year, which was 5 per cent more than the plan, despite various internal and external factors affecting the country at the time. – Vientiane Times/Asia News Network
 
 
Synergy Beverage
in Bt120m expansion
 
Synergy Beverage plans to spend Bt120 million next year to expand its electrolyte-beverage business in Thailand and throughout Asia.
“Our move will help us benefit from the huge demand from the formation of the Asean Economic Community in 2015. All plans will drive our sales to exceed Bt300 million in three years,’’ managing director Pongtorn Wongvacharapaiboon said yesterday.
About Bt80 million will be for production and Bt40 million for marketing and promotion.
The company will open an Bt80-million beverage plant in Myanmar with a local partner. It will also penetrate the Indonesian market, where it is looking for partners to help market its drinks.
In Thailand, Bt30 million will be used to build brand awareness. 
 
 
165,000 catastrophe |cover policies issued

The National Catastrophe Insurance Fund has reported that, based on data from 46 insurers, a total of 165,333 catastrophe insurance policies were distributed with a combined sum insured of Bt14.42 billion from March 28 to September 11.
Somchai Sujjapongse, director-general for the Fiscal Policy Office and director of the fund, yesterday said that about 154,306 policies with a sum insured of Bt9.2 billion were for houses, 10,326 with a sum insured of Bt1.99 billion were for small and medium-sized enterprises, and 701 with a sum insured of Bt3.24 billion were for other industrial enterprises.
Muang Thai Insurance, Siam Commercial Samaggi and Bangkok Insurance were the top three policy issuers in the nearly six-month period.
The current flood situation in several provinces has not reached catastrophe level, Somchai added.

Flood rehab panel |approves 24 projects
The subcommittee for rehabilitation of investment after the flood crisis has given the green light to 24 projects, worth Bt10.37 billion combined, in industrial estates in the provinces of Ayutthaya and Pathum Thani.
Seventeen are investment-promotion projects, together worth Bt7.65 billion, while the others are for new and expansion phases at facilities hit by last year’s devastating flooding.
Industry Minister Pongsvas Svasti said after the committee meeting that 16 out of the 17 companies being assisted remained at their post-flood locations, with only Ichitan Group relocating its operations. The company produces vegetable and fruit beverages with an annual capacity of 400 million litres.

Thai entertainment |hub plan mulled
The International Trade Promotion Department is considering a plan to promote Thailand as an entertainment and content hub in Asia.
Srirat Rathapana, director-general of the department, yesterday said Thai Trade Centres in 60 countries would focus more on cooperation with agencies in the entertainment field in a bid to attract them to invest in Thailand.
The plan aims to spur growth of at least 25 per cent in the sector, which generated revenue of about Bt27 billion last year.
Imported movies generated Bt1.88 billion of income during the first seven months of this year, 53.4 per cent higher than in the same period last year, said the official. – The Nation

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