Published on October 13, 2005
GREEN TEA: Oishi caves in
Oishi Group Plc is ready to temporarily reduce the price of its bottled green tea in line with pressure from the Commerce Ministry.
Tan Passakornatee, Oishi president and CEO, said the company could not permanently lower prices in line with the ministry’s request, because it only makes Bt2 profit from each bottle sold. “But we can do it sporadically, which should also boost the market,” he said. He believes that the conditional price cut will not hurt the company’s 2005 revenue target of Bt5 billion, Bt3.5 billion of which will come from green-tea products. - The Nation. ------------------------------------ JONES LANG LASALLE: New China digs Jones Lang LaSalle Hotels recently opened a full-service office in Beijing and will also open an office in Shanghai in the near future. “To strengthen our hotel services team and spearhead our growth in China, we have appointed Andreas Flaig as executive vice president,” said Scott Hetherington, the firm’s managing director for Asia. In response to Asia’s buoyant hotel investment market and positive hotel trading conditions, Jones Lang LaSalle Hotels has also announced a new appointment at its Singapore office. With almost US$800 million (Bt32.7 million) worth of hotel construction currently being undertaken throughout Asia, the firm has been looking to expand its team in recent months. - The Nation. ------------------------------------ PHUKET FLIGHTS: Asiana returns Asiana Airlines, the smaller of South Korea’s two major airlines, has told Yonhap news agency that it will resume flights to Phuket later this month. The twice-weekly service has been suspended since late last year when the tsunami hit the scenic island, scaring off tourists. Asiana said it would fly a 200-seat B767 from Incheon International Airport on Wednesdays and Saturdays, starting on October 26. Incheon International Airport, about 60 kilometres west of Seoul, is the main gateway to South Korea. The devastating tidal waves took a heavy toll on the number of air travellers to Phuket, one of the foreign destinations most favoured by South Koreans. - The Nation.
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