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Start-ups jump 1900 in 8months closures down PETCHANET PRATRUANGKRAI THENATlON

IN SPITE of many risk factors new business start-ups in the first eight months oftheyear surged 19 per cent to 49115 from 41261 in the same period last year while closures fell 4 per cent to 8039 from 8333

The rising number of new firms and a drop in business closures clearshylyshowthat enterprises still have high confidence in the ecoriomys fundashymentals The governments policies to promote small and medium-sized enterprises have promoted growth Deputy Commerce Minister Natthawut Saikuar said yesterday

The Business Development Department forecasts business openshyings soaring beyond 70000 this full year

However many negative factors remain that could stall decisions to launch a business this year chiefly slowing global economic growth risshying fuel prices and fluctuating exchange rates

Thedelays in the governments Bt350-billion water-management project and Bt2-trillion infrastrucshyture-development project are also being closely monitored byentrepreshyneurs

In August alone openings rose 13 per cent year on year to 6330 firms ith initial capital up 7 per cent to Bt3097 billion

Last month closures declined 8 per cent to 1248 but their value spurted 399 per cent to Bt2997 bilshylion

Some 239 export firms were set up last month eight times the 38 that were shut down refleeting healthy circumstances

There are 558890 firms includshying 1029 public companies operatshyingin thecountrywith BtlO8 trillion in initial capital

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53THE NATION

55THE NATION

56THE NATION

57BANGKOK POST

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- Two Chinese firms plan crop-processing plants here minister

- Egg exports may be suspended

- VN rice exporters jittery after Thailands price cut

- Thai-Russian trade links set to double

58BANGKOK POST - Arab markets promising

59THE NATION Thai eateries to face stiff competition under AEC

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THE NATION 10 SEPTEMBER 2013 Pb0~ gt

Two Chinese firms plan crop-processing plants here minister PETCHANETPRATRUANGKRAI THE NATION

1WO CHINESE firms have shovvn strong interest in setting up farm-goods-processing plants in Thailand Commerce Minister Niwattlmmrong Boonsongpaisan ~ ~epromotingofChineseinvestmentin agriculturshyal industry will also help increase demand for crops in Thailandandstemthefallingpricesofagricultural prod-u while declining to el POSSl e

China will soon sign pu~e contracts for 12 milshylion tonnes of rice 200000 tonnes of rubber and ~OOOOO tonnes of tapioca increasing the opportunity forthegovernmentto release stocksofsuch produce amid falling prices

Thailand has successfully increased sales ofcrops to China which is one ofthe highest-potential markets for Thailand to unload its commodities he said

Initially Chinese firms plan to start up rubber- and tapioca-processing plants by next year

Thegovernment will continue encouraging more investors to establish processing plants for crops as it is an efficient strategy to increase demand for agricultural outputs

To clear out inventory the ministry is also considershyi ing opening the fourth round of rice bidding this week

The ministry reported that about 10 million tonnes ofunsold rice remained stored in granaries

Deputy Commerce Minister Yanyong Phuangrach wdthemmiStiYiilSoplannedtosenmorerubbertootlier copntriestoshoreuppricesofthatcommodityinthemarshyket The targeted overseas markets are China Japan and European nations

According to the ministrys data exports of rubber shrank13percentin valuetoUS$469 billion (BU51 bilshylion) and 01 per cent in volume to 171 million tonnes during the first seven months ofthis year Shipments of rice dropped 16 per cent to $253 bilshylion or 51 per cent to 361 million tonnes in the period

THE NATION 10 SEPTEMBER

Egg exports may be suspended

The Internal Trade Department will today propose that the Egg Board orderthe temporary suspen- sion of egg exports to hold down domestic prices

Director-general Wiboonlasana RuamraRSa saiCl ttie export suspenshySion should be Implemented briefly in response to the current shortfall in the supply of eggs

The egg supply has dropped from the normal rate of 37 million a

day to 34 million areduction blamed on climate change Meanwhile daily domestic demand is for about 33 million to 34 million eggs However the situation should be relieved within the next two weeks as hens start producing more eggs

According to the department egg prices went up by 10-20 satang last week bringing them to Bt330shyBt350 each

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a1ln~1UUUPI nZVIJ~1NEJ Fi THE NATION 10 SEPTEMBER 2013 u()

VN rice exportersjittery after Thailands p~ic~ cut DEALERS SAY THAI MOVE TO OFFLOAD HUGE INVENTORY WOULD HIT MARKET VIETNAM NEWS ASIA NEWS NE1WORK HANOI

THAILANDS DECISION to sharply reduce the price oflOO B rice which is equivalentto Vietnuns5 percentbroshyken rice from US$430 (BU3800) per tonneto $380to pare its inventory has affected global prices including in Vietnam according to the Vietnam Food Association (VFA)

Prices of OM 0676 paddy in the Mekong Delta dropped from 5000 (Bt75) to 5100 Vietnamese dong per kilo in late August to 4500-4600 Vietnamese dong on September 3

The prices of IRS0404 paddy fell from 4700-4800 Vietnamesedongto 4200-4300 Vietnamese dong per kilo in the same period

Riceexporters said theywould face a bigger challenge in thenearfuture as Thailand is planning to unleash its huge inventory of17 million tonnes on the world

TranThanhVan deputy director of theCanTho-based GentrancoCo said many customers who buy rice for exporting to China Africa and some Asian nations have recently stopped buying and are watching the markets movements

Thailands decision to cut the price is a blow for Vietnamese firms as forshyeign customers are likely to prefer Thai rice he said

Le wong Son general director of theDongThap-based DocimexcoJSC

told TlwiBGf)Kinh TeSaiGon(theSai gonEcorwmic Times ) thatVietnamese exporters cannot compete with their Thai rivals because ofthedifference in quality

Vietnam is exporting 5 per cent broken rice to China for around $395 per tonne and to African nations for $380to $385 slightly lower compared to early last month

Exporters reported lower demand from Chinese customers as it is harshyvest season now in that country

To help rice exporters overcome their difficulties the VFA has urged the government to extend its interest subsidy programme by one month to mid-October to prevent food compashyniesfrom rushingto sellthegrain when their loans fall due

Following its decision to stockshypile 1 million tonnes ofrice from the summer-autumn crop the governshyment provided the companies with three-month loans that fall due in the middle of this month VFA

chairman Truong Thanh Phong said The association also sought pershy

mission from the government to buy another 300000 tonnes of rice from the summer-autumn and autumnshywinter crops to stabilise domestic prices TheVFAhas also called cin rice exporters to explore new markets he said It has urged the government to negotiate with Angola and Kenya on selling rice so that exporters can begin procedures for shipments Phong added

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n~VI1~1tlJtt1fJ n M BANGKOK POST iOSEPTEMBER 2013~JII

COMMERCE

Thai-Russian trade links set to double YUTHANA PRAIWAN

Trade and investment between Russia and Thailand are expected to double in the next three years but growth this year will likely be flat says the Federation of Thai Industries

Vice-chainnan Kriengkrai Thiennulcul SaIa as the countries have vowed to

strengthen economic relations the value of trade and investment is projected to hit US$4 billion in the next three years

IbIs year the figure will be on a par with last year at $19 billion he said

The two countries have been strengthening economic relations over the last few years in many sectors Sucshycessful achievements include waiving visas for Russian tourists in Thailand and Thai tourists visiting Russia Mr Kriengkrai said

Russia imports Thai products such as food auto parts garments and elecshytronics andelectrical products Demand for packaging made of glass steel and paper has also increased

Russian people have acquired a real taste for Thai food and spa treatments This provides a promising opportunity for Thai operators in Russia where many businesses are operated by Indian and Vietnamese competitors

Russias abundant supply of oil gas

coal and steel fit with the demand from energy-hungry countries such as ThaishyJand where oil and gas resources are depleting

Prime Minister Ymgluck Shinawtra will lead a group of businessmen to visit Russia in early December to cement economic relations and to pave the way for Thai and Russian businesses to develop partnerships

Andrey Plam a minister-counsellor at the Russian embassy said high-ranking government officials from the two countries have developed economic relations

Thailand inay seek technology and science partnerships with Russia to add value to businesses

Phisak NiCiiIDhand president of the Thai-Russia berofCommercesaid IhaI products exported to RUSSIa are

mostly shipped via Scandinavian countries due to a lack of currency exchange

Russian investments in Thailand are very limited

Russia is an interesting option for oil and gas supply to Thailand due to its distribution networks

Thailand can use medical services to attract Russian tourists whose arrivals are expected to increase to 15 million this year from 13 million last year

BANGKOK POST

Arab markets promising Thai food manufacturers are beingurged to explore Arab markets to exploit ecoshynomic groWth and high food demand in Persian Gulf states as demand slows in main markets

Amom Ngammongkolrat executive viCe-president of the Natloriii1 FOOd InStishytute said opportunities are plentiful in the GUll Cooperation Council (GCC) comprising Saudi Arabia the UAB Bahshyrain Kuwait Oman and Qatar

Economicgrowthin the GCC averages 3-5 peryear thanks to increasing investshyment by both the public and private sector in infrastructure energy and transshyport projects

Income per capita in Qatar is twice that in the US Britain and Gennany It is forecast that the GCes income per capita will total US$38869 billion in 2017 up from this years estimate of $34827 billion Mr Amom said

HaIaI food presents a promising growth market for Thai exporters In 2020 the Muslim population is expected to reach 19 billion representing nearly 25 of the worlds population of 77

billion It should increase to 22 billion a decade later

While food exports to main markets such as the US Japan Europe and Ausshytralia have been declining we think haIaI foodhas high potential to grow especially in the GCC Mr Amom said

Last year the GCes food imports totalled 275 million tonnes or three times more than the amountproducedlocally

Saudi Arabia consumed 62 of imports followed by the UAB

Imports have surged nearly 17 arnlUshyally led by rice cereals vegetables and fruit

The GCCs population is not big at about 46 million with growth of 33 annually and isexpected to hit50 million in 2017

Thai food exports to the GCC were worth nearly 40 billion baht last year for a 328 share

Iraq though not a member of the GCC ranked top among Gulf states in tenns of imports of Thai products accounting for 527 of shipments folshylowed by Saudi Arabia and the UAB

n~I~W1WfJ

THE NATION SEPTEMBER10 Thai eateries to face stiff competition under AEC NARUEMOLKASEMSUK THE NATION

FOREIGN OPERATIONS are set to slice off nearly BUOO billion ofthe Kingdoms Bt669-billion restaurant market this year despite their relatively higher prices Thai Restaurants Association chairshywoman Thaniwan Kulmongkol warns

Competition from Japanese Korean and Asean nations restaurants is expected to intenshysify further under the Asean Economic Community (ABC) which is due to come into force in 2015 The competition for prime restaurant locations will heat up as well

Thaniwan expects the ABC to open the gates for popular foreign restaurant brands to expand their share of this lucrashytive segment which is still mostly owned by Thai operashytors

Furthermore the growing number offoreign tourists visitshying Thailand should boost the number ofrestaurants at shopshyping malls which tendto attract more customers than standalone restaurants

Second best Thai restaurant standards

are considered second-best in Asean behind Singapore Thaniwan said However if operators of independent Thai restaurants fail to upgrade their standards to match those of others in Asia in the next two years foreigners could capture a bigger share ofthe business Thaniwan warned

Ofthe more than 400000 restaurants operating in Thailand only 10 per cent are seen as meeting international quality standards Hence the Thai Restaurants Association is joining forces with eight ninistries t ~aunch a project almed at ralsmg the qualityof all in this industry including roadside and sidewalk food venshydors and stalls in accordance with standards established last year Currently 750 restaurants and 200 roadside food vendors in the North the South and in Bangkok have been evaluated in accordance with Thailand Restaurant Quality Standard

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Documents

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