Economy June 07, 2016 01:00

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TAT launches people's choice awards for Chinese tourists

 The Tourism Authority of Thailand (TAT) has launched special awards for tourist attractions and activities in Thailand that are popular with Chinese tourists. 
The “2016 People’s Choice Awards Thailand Voted by Chinese Tourists” is organised under a cooperation between TAT and Tencent Holding, which owns and operates many popular online media in China. These include WeChat with 570 million users daily, QQmessenger with 27 million users daily, and Tencent news with 27 million users daily.
The first prize is a five-day-four-night trip for two to Bangkok and nearby destinations, including air tickets and accommodation. Other top prizes are a return ticket for two on each of the following air routes: China-Samui, China-Krabi, China-Sukhothai, and China-Chiang Rai. |There are also 100 other prizes.
NetBay sets IPO price at Bt4
NetBay, a developer of integrated e-logistics trading and e-business service solutions, has set its initial public offering price at Bt4 per share, which will be available for subscription from June 8-10.
Earlier the company disclosed that it would make an IPO of 40 million shares in the Market for Alternative Investment.
Yesterday the company appointed Maybank Kim Eng (Thailand) as underwriter of its IPO shares and Tisco Securities and RHB (Thailand) as co-underwriters.
According to Montree Sornpaisarn, co-chief executive officer of Maybank Kim Eng (Thailand), NetBay is expected to have shares listed on the MAI on June 17.
TAT, AirAsia kick off shopping promotion
The Tourism Authority of Thailand and budget carrier AirAsia are organising a “Green Season” campaign to stimulate travel to Thailand by offering privileges for guests in the “Thailand Shopping Paradise with AirAsia” programme.
The campaign features a series of events in Vietnam, Myanmar and China, and kicked off at Ho Chi Minh City’s Crescent Mall this past weekend. Included were low fares to Bangkok and discounts on AirAsia’s domestic routes within Thailand.
According to the Thai Consulate General in Ho Chi Minh City, Vietnam is one of several countries sending the largest number of tourists to Thailand.
AirAsia flies three times daily from Ho Chi Minh City to Bangkok and once daily from Hanoi. – Viet Nam News
FDI to Ho Chi Minh City decreases by 38 per cent
Foreign direct investment in Ho Chi Minh City, Vietnam’s major economic hub, has fallen 38 per cent year-on-year since the beginning of this year, according to the city’s Statistics Office.
As of the middle of last month, the office reported total FDI of about US$650 million (Bt23 billion).
Nearly 280 FDI projects were awarded investment certificates worth $482 million. Some 48 projects had value added with capital of $166 million.
Total FDI flow significantly dropped by $408 million over the same period last year.
Of the total, 47.9 per cent was from the Cayman Islands with |four projects worth over $230 million.
Following were Japan with 42 projects, Singapore with 38 |projects, South Korea with 50 |projects and Malaysia with nine projects.
Tran Viet Ha, head of the |investment department of the HCM City Export Processing and Industrial Zones Authority (Hepza), said the city had no new big projects in the garment and textile sector, which had caused FDI figures to fall.
In other sectors, no new projects worth $50 million or more have begun this year, Ha was quoted as saying in the Dau Tu (Investment Review) newspaper.
Most of the projects were in real estate, finance and telecommunications.
FDI pouring into HCM City, however, was expected to increase at the end of this year.
According to Vietnam Investment Review, at a recent press conference, Hepza announced that there could be some projects this year, including one worth $500 million to develop solar energy. – Viet Nam News
Salim Group eyes supplying coffee to South Korea market 
Salim Group hopes to enter |the South Korean coffee market |by supplying the country with Indonesian coffee in the future, |following its investment in |Korean coffee shop chain Caffebene.
Salim Group, with Singapore’s Food Empire, formed a joint |venture, Hallyu Ventures, and |purchased 38 per cent of Caffebene’s shares worth $13 |million in March. 
However, the group does not have plans to bring the coffee shop franchise to Indonesia.
“We acquired the shares because there is potential in the coffee business (in South Korea), and Indonesia is a big coffee producer. 
“We can supply the chain with coffee in the future,” chairman Anthony Salim said on Friday. - The Jakarta Post
Britain's LEAVE the EU campaign in 4-5 point lead
The campaign for Britain to leave the European Union has taken a lead of 4-5 percentage points ahead of a June 23 referendum, according to online polls by ICM and YouGov, sending the pound sterling towards three-week lows against the US dollar.
The ICM poll of 1,741 people taken from June 3-5 showed 48 per cent would vote to leave, up from 47 per cent a week earlier, while 43 per cent would opt to stay, down 1 percentage point from a week earlier.
The YouGov poll of 3,495 people from June 1-3 showed 45 per cent would opt to leave the EU, up from 40 per cent in a comparable poll a month earlier, while 41 per cent would opt to stay, down from 42 per cent.
The poll showed 11 per cent of voters were still undecided, down 2 percentage points from a month earlier.
Sterling fell below $1.44. The pound fell 0.9 per cent to $1.4371, having traded at $1.4441 before the latest ICM poll was published. It had hit a three-week low of $1.4352 in early Asian trade. – Reuters