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'Doing business in Thailand' in 4 languages
The Office of the Public Sector Development (OPDC) has launched a manual entitled “Doing Business in Thailand 2015” to facilitate business operations in Thailand.
Published in four languages, Thai, English, Chinese and Japanese, the handbook features important information on business operations from establishment to dissolution, which is useful for Thai and foreign businesspeople as well as other related agencies.
OPDC deputy secretary general Pong-ard Treekitwattanakul said 18 agencies had contributed to the publication.
Pong-ard said the main objective was to promote a better understanding of business operations in Thailand and the roles of related agencies among locals and foreign investors.
The manual can be downloaded at www.opdc.go.th. For more details or any query, e-mail [email protected].
SCG acquisition
Siam Cement subsidiary SCG Cement-Building Materials has acquired a majority stake in Panel World Co.
SCG’s investment of Bt550 million is for a 55-per-cent stake in the equity, while the enterprise value is Bt1 billion.
Panel World’s annual capacity of cement-bonded particleboard is rated at 2.4 million square metres, while a new production line doubling that capacity is expected to start up towards the end of the year.
This kind of particleboard is composed of wood chips bonded with cement. Applications include both interior and exterior usage, and the product possesses attributes such as durability to harsh weather conditions, heat and sound insulation, a high degree of smoothness, and ease of workability.
In fiscal year 2013, Panel World registered sales of Bt318 million and net profit of Bt82 million, and had assets of Bt341 million.
Bt3-bn reno for hotel
Confident of the recovery of tourism industry in Thailand, TCC Hotel Group will go ahead with a Bt3-billion investment to renovate Imperial Queen’s Park Hotel and will retain more than 800 staff at full salaries during the project.
TCC is confident tourism in Thailand will grow after the full implementation of the Asean Economic Community (AEC) next year as the country serves as the central gateway to other Asean countries.
Imperial Queen’s Park has the highest number of rooms in Bangkok at 1,260.
The total renovation of the property is scheduled to commence on October 2 and should be completed by the end of 2015.
