LATE NEWS
Ambitious target for logistics
The government hopes its logistics development plan will cut the country's logistics costs from 19 per cent of gross domestic product (GDP) to 10 per cent by 2011. GDP is currently about Bt7 trillion.
Chakramon Phasukvanich, permanent secretary of the Industry Ministry, said yesterday the strategy would build up a network consisting of all modes of transportation for raw material suppliers, manufacturers and consumers to boost their global competitiveness in the long run. It targets developing a logistics system among industries such as electronics, auto parts, rubber, food and textiles. - The Nation.
Top Thai brandsSiriraj Hospital, Phyathai Hospital, Chulalongkorn University, American Standard, Cotto, BodyShape, Central and The Mall have been voted the top Thai brands by local consumers. The "Trusted Brand" survey by Readers' Digest and Nielsen Media Research showed that Thai consumers prefer those brands in their categories. It covered 7,000 consumers aged over 20 in Thailand, Hong Kong, Malaysia, Singapore, India, the Philippines and Taiwan. - The Nation.
VN chemical JV The growing industrial sector in Vietnam has prompted Vietnam Chemical (Vinachem) and Thai Plastic and Chemicals to form a joint venture for a US$424-million (Bt14.63 billion) chemical complex to be built in the southern province of Ba Ria-Vung Tau. Vietnam News Agency said the complex was expected to pump out 345,000 tonnes of vinyl chloride monomer, 300,000 tonnes of ethylene dichloride and 250,000 tonnes of chlor alkali annually. Construction of the plant in Phu My II industrial park will provide close to 4,000 jobs and a further 147 employment positions once completed. - The Nation.
Extra flights Thai Airways International is putting on two extras flights per week over the summer on the Bangkok-Dubai route. The extra services run from July 5-August 18. The airline will operate 13 services a week between the two cities during the period. - The Nation.
CPF pig plans Charoen Pokphand Foods suggests the government tackle the pig price crisis by reducing supply. Virachai Ratanabanchuen, executive vice president of the agri-business conglomerate, said yesterday that the government should play a key role in encouraging breeders to draw up farm management plans particularly for the long term, as one way to avoid more oversupply problems in the future. However, an urgent measure to shore up prices is to campaign for consumers to eat more pork and pork products. In the medium term, hogs need to be culled by grilling piglets and limiting sows to five litters. A long-term measure is to set up a "Pig Board" to promote the registration of hog farmers and also to concentrate on research and development. - The Nation.
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