Thai Airways International Public Company Limited is joining force with Nok Air. From 1 March 2010, Nok Air will operate flight to some of THAI’s domestic destinations: Phitsanulok, Ubol Ratchathani, and Mae Hong Son. This cooperation will increase competitiveness of both airlines, and passengers will be able to take advantage of more convenient travel at low-fare prices while still maintaining THAI’s high safety standards.
Mr. Piyasvasti Amranand, THAI President, said that the Company’s policy to form cooperation with Nok Air is based on its Two-Brand Strategy. Through this strategy, there will be increased cooperation in the services offered on secondary domestic and regional routes. Through THAI and Nok Air’s cooperation, passengers on these routs will continue to receive the same standard of services that they currently receive on THAI, such as: 1. Same flight frequencies, whereby there are no less flights than previously operated, 2. Same standards of aircraft maintenance, and 3. Same cockpit crew standards. THAI has made careful studies thoroughly assessed the flight sectors concerned to prevent negative impacts on customers. Connecting traffic between domestic routes from Nok Air to THAI international flights have been worked out. The cooperation will add more connecting points in the secondary domestic and regional destinations to THAI and Star Alliance’s global network. THAI will be able to better utilize its aircraft by offering more flight option to high-demand destinations, while still emphasizing its premium service standards to passengers based on its strategic plan.
The Company has conducted a study on the performance of its domestic routes during the past 10 years, particularly on secondary routes which was unprofitable for several years but operations were sustained for the travelling public. However, in order to meet demands of a continually changing international airline industry, airlines across the world, including THAI, had to adjust their strategic planning on the recovering world economy: fluctuating world fuel prices that are on the rise, and Influenza A (H1N1), in order to surpass the financial crisis and further its business operations. The Company, therefore, had to establish its corporate strategy and make adjustment on its cost to meet increased competitiveness. Over the past 5 years, losses were incurred for operational results on flights to Phitsanulok at the average of 86.3 million baht per year, to Ubol Ratchathani at 74.9 million baht per year, and to Mae Hong Son at the average of 49.9 million baht per year.
Passengers can be confident on Nok Air’s standards of flight operations and services that will be supported by THAI which is recognised for its high safety standards. In addition, passengers will continue to receive the same standards of service that they previously received from THAI, including the flight frequency and seat capacity at attractive prices.
Saturday, January 2, 2010
Asian Countries Agree to Pursue Treaty on Dry Ports to Promote Regional Integration
Transport Ministers Forum concludes first session at ESCAP in Bangkok
Transport ministers from across Asia have agreed to work on a treaty to promote the development of dry ports – inland transport and logistics hubs – to spur intraregional trade and growth.
The agreement came at the end of the first session of the Forum of Asian Ministers of Transport, which concluded today at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok.
In the Bangkok Declaration on Transport Development in Asia, the ministers agreed to develop an intergovernmental agreement on dry ports to provide connectivity and integration of the Asian Highway and the Trans-Asian Railway networks, creating an international integrated intermodal transport and logistics system.
Under the auspices of ESCAP, countries in the region have already adopted two intergovernmental agreements - on the Asian Highway and the Trans-Asian Railway networks - to promote the development and standardization of 141,000 kilometers of roadways and 114,000 kilometers of railways, linking the continent with Europe and serving as arteries for international trade, especially for landlocked countries in the region.
Dry ports will play an important role in integrating modes of transport, reducing border crossing and transit delays, facilitating the use of energy-efficient and lower emission means of transport, and creating new clusters of economic growth and job creation in local areas.
The first session of the Forum brought together 27 countries in Asia. In his opening message on Monday, UN Secretary-General Ban Ki-moon stated that “enhanced regional connectivity is especially important” in addressing development issues.
In her opening address, Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of ESCAP, spoke of the vital role of the transport sector in providing physical connectivity required for promoting domestic demand and intraregional trade as new sources of growth.
“The economic crisis has shown that relying mainly on exports to western markets comes with inherent risks. Our region will need to diversify the drivers of growth. This must include strategies for promoting increased intra-regional trade and domestic consumption,” said Dr. Heyzer.
The Forum was created by member governments of ESCAP at their annual meeting last April. During the week-long session, delegates discussed issues pertaining to transport development in the region, including the implementation of the Busan Declaration on Transport Development in Asia and the Pacific, and the Regional Action Programme for Transport Development in Asia and the Pacific.
Transport ministers from across Asia have agreed to work on a treaty to promote the development of dry ports – inland transport and logistics hubs – to spur intraregional trade and growth.
The agreement came at the end of the first session of the Forum of Asian Ministers of Transport, which concluded today at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok.
In the Bangkok Declaration on Transport Development in Asia, the ministers agreed to develop an intergovernmental agreement on dry ports to provide connectivity and integration of the Asian Highway and the Trans-Asian Railway networks, creating an international integrated intermodal transport and logistics system.
Under the auspices of ESCAP, countries in the region have already adopted two intergovernmental agreements - on the Asian Highway and the Trans-Asian Railway networks - to promote the development and standardization of 141,000 kilometers of roadways and 114,000 kilometers of railways, linking the continent with Europe and serving as arteries for international trade, especially for landlocked countries in the region.
Dry ports will play an important role in integrating modes of transport, reducing border crossing and transit delays, facilitating the use of energy-efficient and lower emission means of transport, and creating new clusters of economic growth and job creation in local areas.
The first session of the Forum brought together 27 countries in Asia. In his opening message on Monday, UN Secretary-General Ban Ki-moon stated that “enhanced regional connectivity is especially important” in addressing development issues.
In her opening address, Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of ESCAP, spoke of the vital role of the transport sector in providing physical connectivity required for promoting domestic demand and intraregional trade as new sources of growth.
“The economic crisis has shown that relying mainly on exports to western markets comes with inherent risks. Our region will need to diversify the drivers of growth. This must include strategies for promoting increased intra-regional trade and domestic consumption,” said Dr. Heyzer.
The Forum was created by member governments of ESCAP at their annual meeting last April. During the week-long session, delegates discussed issues pertaining to transport development in the region, including the implementation of the Busan Declaration on Transport Development in Asia and the Pacific, and the Regional Action Programme for Transport Development in Asia and the Pacific.
Tuesday, December 15, 2009
ETIHAD TO JOIN SUSTAINABLE AVIATION FUEL USERS GROUP
Etihad Airways has joined the Sustainable Aviation Fuel Users Group (SAFUG), an airline-led industry working group established in 2008 to accelerate the commercialisation and availability of sustainable biofuels.
James Hogan, Etihad Airways’ chief executive, said: ““Etihad recognises the need for step-changes in aviation to reduce our reliance on fossil fuels and meet our industry’s carbon reduction goal. We also recognise that any fuel alternatives must be morally, socially and environmentally acceptable, while not compromising the future sustainability of the aviation industry.”
SAFUG members are bound by stringent criteria for the development of non fossil fuels, including the following:
The development of plant sources must be undertaken in a manner that is non-competitive with food, with biodiversity impacts minimised and without jeopardizing drinking water supplies. The total lifecycle greenhouse gas emissions from plant growth, harvesting, processing and end-use should be significantly less than that from fossil sources. In developing economies, development projects should include provisions or outcomes that improve socio-economic conditions for small-scale farmers and their families and that do not require the involuntary displacement of local populations. High conservation value areas and native eco-systems should not be cleared and converted for jet fuel plant source development.
Each SAFUG member has pledged to work through the Roundtable for Sustainable Biofuels (RSB), a global multi-stakeholder initiative consisting of leading environmental organizations, financiers, biofuel developers, biofuel-interested petroleum companies, the transportation sector, developing-world poverty alleviation associations, research entities, and governments.
“Abu Dhabi, our home base, has itself made a strong commitment towards sustainability and in the promotion of renewable energy through the establishment of Masdar City, which will the headquarters of the International Renewable Energy Agency,” Mr Hogan said.
About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates based in the UAE’s capital, Abu Dhabi. Currently Etihad offers flights to over 55 destinations in the Middle East, Europe, North America, Africa and Asia.
James Hogan, Etihad Airways’ chief executive, said: ““Etihad recognises the need for step-changes in aviation to reduce our reliance on fossil fuels and meet our industry’s carbon reduction goal. We also recognise that any fuel alternatives must be morally, socially and environmentally acceptable, while not compromising the future sustainability of the aviation industry.”
SAFUG members are bound by stringent criteria for the development of non fossil fuels, including the following:
The development of plant sources must be undertaken in a manner that is non-competitive with food, with biodiversity impacts minimised and without jeopardizing drinking water supplies. The total lifecycle greenhouse gas emissions from plant growth, harvesting, processing and end-use should be significantly less than that from fossil sources. In developing economies, development projects should include provisions or outcomes that improve socio-economic conditions for small-scale farmers and their families and that do not require the involuntary displacement of local populations. High conservation value areas and native eco-systems should not be cleared and converted for jet fuel plant source development.
Each SAFUG member has pledged to work through the Roundtable for Sustainable Biofuels (RSB), a global multi-stakeholder initiative consisting of leading environmental organizations, financiers, biofuel developers, biofuel-interested petroleum companies, the transportation sector, developing-world poverty alleviation associations, research entities, and governments.
“Abu Dhabi, our home base, has itself made a strong commitment towards sustainability and in the promotion of renewable energy through the establishment of Masdar City, which will the headquarters of the International Renewable Energy Agency,” Mr Hogan said.
About Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates based in the UAE’s capital, Abu Dhabi. Currently Etihad offers flights to over 55 destinations in the Middle East, Europe, North America, Africa and Asia.
Google is first to offer seamless integration of transit and traffic information of Bangkok on Google Maps to help travelers get around faster and eas
Partnering with all major Bangkok transport agencies, Google is the only organization that provides walking and driving directions, public transit route planning and traffic information in one easy-to-use platform
Bangkok, November 25, 2009 - What do 1.7 million daily public transit riders per day. Combined total of BTS, MRT and BMTA passengers per day. And over 5 million motorists in Bangkok have in common? They can now use Google Maps to plan their trips around the city through a unique collaboration between Google and the following land transportation organizations in Bangkok: Office of Transport and Traffic Policy and Planning (OTP), Bangkok Mass Transit Authority (BMTA), Bangkok Mass Transit System Public Company Limited (BTS) and Bangkok Metro Public Company Limited, Metro Operator (MRT). Mapping, directions and route planning for the various forms of land transportation in Bangkok - from our own two feet to buses, trains and cars - are now all available for free in Thai on Google Maps. Transit and traffic information are also available on mobile devices with Google Maps for Mobile, so commuters and motorists can check the latest updates on their cellphones to make route changes on-the-go.
Today at Siam Square, overlooking one of Bangkok's busiest transportation hubs, Wisit Wongsaroj, Head of the office of Information Technology, Bangkok Mass Transit Authority (BMTA), Kobkul Mothana, Director-technology information, Office of Transport and Traffic Policy and Planning (OTP), Arkom Baramichai, Chief Administrative Officer, Bangkok Mass Transit System Public Company Limited (BTS), Witoon Hatairatana Marketing and Commercial Development Division Director, Bangkok Metro Public Company Limited, Metro Operator (MRT), Andrew McGlinchey, Head of Product Management, Google Southeast Asia, and Pornthip Kongchun, Thailand Marketing Head, Google Southeast Asia, launched this new service, which can be accessed through Google Maps at maps.google.co.th/transport.
Under this collaboration, Google is the first organization to officially receive bus/train schedules, locations and routes from the BMTA, BTS and MRT. Google also worked with the OTP to integrate live traffic data into the popular and familiar user interface of Google Maps. None of the local partners are incurring any costs for the partnership with Google.
Whether a private car owner switching to go by bus or BTS or MRT, or a public transit rider choosing to drive or take a taxi, or even one of 10 million international visitors Office of Tourism Development, Thailand who land in Bangkok each year finding their way around, the Bangkok public can now use Google Maps to plan their routes and make an informed decision on the quickest and most convenient way to reach their destinations. Each time a Google Maps user requests driving directions, the user will also be given the opportunity to plan the same trip using public transit which is very useful when the traffic route is highlighted as red or heavy congestion.
"Each day, millions of commuters travel the streets of Bangkok using BMTA buses. With the launch of transit information on Google Maps for Bangkok with step-by-step instructions in Thai, it is now even easier to go green and take public transportation around the city. We are delighted to be collaborating with Google and our other local partners to provide residents and visitors in Bangkok a comprehensive, easy-to-use trip planner that links BMTA buses to the rest of the city's other public transit options," said Wisit Wongsaroj, Head of the office of Information Technology, Bangkok Mass Transit Authority (BMTA).
"Our office is excited to have worked closely with Google to make it easy for Bangkok motorists to access current traffic conditions on their computers or mobile phones," said Kobkul Mothana, Director-technology information, Office of Transport and Traffic Policy and Planning (OTP). "In accordance with our mission to ensure an efficient transportation system in Thailand, we believe that the traffic layer on Google Maps will help drivers in Bangkok save on commuting time and expenses by letting them plan their travel routes in advance or change them on-the-go to avoid congested areas."
"This year marks our 10th anniversary of operations in Bangkok and we are pleased to be joining Google and our other transportation colleagues in announcing the availability of transit information on Google Maps," said Arkom Baramichai, Chief Administrative Officer, Bangkok Mass Transit System Public Company Limited (BTS). "The train routes and schedules from BTS have been integrated into the transit information on Google Maps to better inform Bangkok commuters about which mode of transportation to use on any given day. We hope that everyone in Bangkok uses the tool in order to make their daily commutes easier."
"Our mission has always been to provide mass transit services to the public that are safe, fast, reliable and punctual. This transit feature integrates MRT data on Google Maps to enhance commuters' experience by making it easy for them to plan their trips across multiple forms of public transit. Whether it's trying to get to the Thai Cultural Center on Rajadapisek road or grabbing a bite to eat at Japanese restaurant near Silom Station, Google Maps will help commuters get to their destinations as quickly as possible," said Witoon Hatairatana Marketing and Commercial Development Division Director, Bangkok Metro Public Company Limited, Metro Operator (MRT).
"Google's goal is to bring accurate, comprehensive land transport information from OTP, BMTA, BTS and MRT together on a global mapping platform for easy access, search and use on PCs or mobile phones by millions of Bangkok residents and Google Maps users around the world," said Pornthip. “Google is currently the only organization that has combined all the forms of land transportation in Bangkok into one easy-to-use Thai interface. We're very excited to be launching this service today in Bangkok and we hope that residents and visitors to the city, whether they are traveling by foot, bus, train or car will find it helpful in getting to their destinations."
Google Maps for Mobile offers transit, traffic and driving information on-the-go
Google Maps for Mobile extends the dynamic search capabilities of Google Maps to mobile phones, allowing anyone in Thailand to locate addresses and navigate maps while on the go. Google Maps for Mobile also has the My Location feature, which shows your location on the map even if your phone does not have GPS, and lets you look up business listings in relation to where you are (e.g. type "restaurants" into the map search box and it will display nearby restaurants).
When in Bangkok, users can now also use the traffic and transit features in Google Maps for Mobile to plan their travel while on the move. Google Maps for Mobile is free to download on your phone at http://m.google.co.th/maps. It also comes pre-installed on many web-enabled handsets. The services on Google Maps for Mobile are free; however, standard mobile data fees charged by the telecoms carriers will apply.
About Office of Transport and Traffic Policy and Planning (OTP)
The Office of Transport and Traffic Policy and Planning (OTP), Ministry of Transport, is responsible for recommending policies and formulating transport, traffic and transport safety plans in line with master plans for policy integration purposes
About Bangkok Mass Transit Authority (BMTA)
Bangkok Mass Transit Authority (BMTA) was established by a Royal Decree Establishing the Bangkok Mass Transit Authority, B.E. 2519. Beginning operations the following October, the BMTA undertook to provide bus service to commuters in six provinces, i.e. Bangkok, Nonthaburi, Nakhon Pathom, Pathum Thani, Samut Sakhon and Samut Prakan.
About Bangkok Mass Transit System Public Company Limited (BTS)
BTSC operates one of the safest and most punctual mass transit systems in the region, and plays a crucial role in helping to ease Bangkok’s notorious traffic jams while providing an environmentally friendly transport alternative for Bangkok’s commuters.
About Bangkok Metro Public Company Limited, Metro Operator (MRT)
MRT: safe, fast, convenience, trustworthy, and punctual
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, please visit www.google.co.th.
Google and Google AdWords are registered trademarks of Google Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
Bangkok, November 25, 2009 - What do 1.7 million daily public transit riders per day. Combined total of BTS, MRT and BMTA passengers per day. And over 5 million motorists in Bangkok have in common? They can now use Google Maps to plan their trips around the city through a unique collaboration between Google and the following land transportation organizations in Bangkok: Office of Transport and Traffic Policy and Planning (OTP), Bangkok Mass Transit Authority (BMTA), Bangkok Mass Transit System Public Company Limited (BTS) and Bangkok Metro Public Company Limited, Metro Operator (MRT). Mapping, directions and route planning for the various forms of land transportation in Bangkok - from our own two feet to buses, trains and cars - are now all available for free in Thai on Google Maps. Transit and traffic information are also available on mobile devices with Google Maps for Mobile, so commuters and motorists can check the latest updates on their cellphones to make route changes on-the-go.
Today at Siam Square, overlooking one of Bangkok's busiest transportation hubs, Wisit Wongsaroj, Head of the office of Information Technology, Bangkok Mass Transit Authority (BMTA), Kobkul Mothana, Director-technology information, Office of Transport and Traffic Policy and Planning (OTP), Arkom Baramichai, Chief Administrative Officer, Bangkok Mass Transit System Public Company Limited (BTS), Witoon Hatairatana Marketing and Commercial Development Division Director, Bangkok Metro Public Company Limited, Metro Operator (MRT), Andrew McGlinchey, Head of Product Management, Google Southeast Asia, and Pornthip Kongchun, Thailand Marketing Head, Google Southeast Asia, launched this new service, which can be accessed through Google Maps at maps.google.co.th/transport.
Under this collaboration, Google is the first organization to officially receive bus/train schedules, locations and routes from the BMTA, BTS and MRT. Google also worked with the OTP to integrate live traffic data into the popular and familiar user interface of Google Maps. None of the local partners are incurring any costs for the partnership with Google.
Whether a private car owner switching to go by bus or BTS or MRT, or a public transit rider choosing to drive or take a taxi, or even one of 10 million international visitors Office of Tourism Development, Thailand who land in Bangkok each year finding their way around, the Bangkok public can now use Google Maps to plan their routes and make an informed decision on the quickest and most convenient way to reach their destinations. Each time a Google Maps user requests driving directions, the user will also be given the opportunity to plan the same trip using public transit which is very useful when the traffic route is highlighted as red or heavy congestion.
"Each day, millions of commuters travel the streets of Bangkok using BMTA buses. With the launch of transit information on Google Maps for Bangkok with step-by-step instructions in Thai, it is now even easier to go green and take public transportation around the city. We are delighted to be collaborating with Google and our other local partners to provide residents and visitors in Bangkok a comprehensive, easy-to-use trip planner that links BMTA buses to the rest of the city's other public transit options," said Wisit Wongsaroj, Head of the office of Information Technology, Bangkok Mass Transit Authority (BMTA).
"Our office is excited to have worked closely with Google to make it easy for Bangkok motorists to access current traffic conditions on their computers or mobile phones," said Kobkul Mothana, Director-technology information, Office of Transport and Traffic Policy and Planning (OTP). "In accordance with our mission to ensure an efficient transportation system in Thailand, we believe that the traffic layer on Google Maps will help drivers in Bangkok save on commuting time and expenses by letting them plan their travel routes in advance or change them on-the-go to avoid congested areas."
"This year marks our 10th anniversary of operations in Bangkok and we are pleased to be joining Google and our other transportation colleagues in announcing the availability of transit information on Google Maps," said Arkom Baramichai, Chief Administrative Officer, Bangkok Mass Transit System Public Company Limited (BTS). "The train routes and schedules from BTS have been integrated into the transit information on Google Maps to better inform Bangkok commuters about which mode of transportation to use on any given day. We hope that everyone in Bangkok uses the tool in order to make their daily commutes easier."
"Our mission has always been to provide mass transit services to the public that are safe, fast, reliable and punctual. This transit feature integrates MRT data on Google Maps to enhance commuters' experience by making it easy for them to plan their trips across multiple forms of public transit. Whether it's trying to get to the Thai Cultural Center on Rajadapisek road or grabbing a bite to eat at Japanese restaurant near Silom Station, Google Maps will help commuters get to their destinations as quickly as possible," said Witoon Hatairatana Marketing and Commercial Development Division Director, Bangkok Metro Public Company Limited, Metro Operator (MRT).
"Google's goal is to bring accurate, comprehensive land transport information from OTP, BMTA, BTS and MRT together on a global mapping platform for easy access, search and use on PCs or mobile phones by millions of Bangkok residents and Google Maps users around the world," said Pornthip. “Google is currently the only organization that has combined all the forms of land transportation in Bangkok into one easy-to-use Thai interface. We're very excited to be launching this service today in Bangkok and we hope that residents and visitors to the city, whether they are traveling by foot, bus, train or car will find it helpful in getting to their destinations."
Google Maps for Mobile offers transit, traffic and driving information on-the-go
Google Maps for Mobile extends the dynamic search capabilities of Google Maps to mobile phones, allowing anyone in Thailand to locate addresses and navigate maps while on the go. Google Maps for Mobile also has the My Location feature, which shows your location on the map even if your phone does not have GPS, and lets you look up business listings in relation to where you are (e.g. type "restaurants" into the map search box and it will display nearby restaurants).
When in Bangkok, users can now also use the traffic and transit features in Google Maps for Mobile to plan their travel while on the move. Google Maps for Mobile is free to download on your phone at http://m.google.co.th/maps. It also comes pre-installed on many web-enabled handsets. The services on Google Maps for Mobile are free; however, standard mobile data fees charged by the telecoms carriers will apply.
About Office of Transport and Traffic Policy and Planning (OTP)
The Office of Transport and Traffic Policy and Planning (OTP), Ministry of Transport, is responsible for recommending policies and formulating transport, traffic and transport safety plans in line with master plans for policy integration purposes
About Bangkok Mass Transit Authority (BMTA)
Bangkok Mass Transit Authority (BMTA) was established by a Royal Decree Establishing the Bangkok Mass Transit Authority, B.E. 2519. Beginning operations the following October, the BMTA undertook to provide bus service to commuters in six provinces, i.e. Bangkok, Nonthaburi, Nakhon Pathom, Pathum Thani, Samut Sakhon and Samut Prakan.
About Bangkok Mass Transit System Public Company Limited (BTS)
BTSC operates one of the safest and most punctual mass transit systems in the region, and plays a crucial role in helping to ease Bangkok’s notorious traffic jams while providing an environmentally friendly transport alternative for Bangkok’s commuters.
About Bangkok Metro Public Company Limited, Metro Operator (MRT)
MRT: safe, fast, convenience, trustworthy, and punctual
About Google Inc.
Google's innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google's targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, please visit www.google.co.th.
Google and Google AdWords are registered trademarks of Google Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
Friday, November 20, 2009
TNT steps up presence With new Penang International Gateway facility
TNT, one of the world’s leading providers of integrated express services, has increased its presence in Malaysia with the opening of a new facility today – The TNT Penang International Gateway. Located at Kompleks Kargo Kedua, next to the airport runway, the integrated air and road facility – the first in northern Malaysia - will improve the transit times of goods passing through Penang and will increase the company’s capability to handle a greater volume of goods. The new facility will provide significant opportunities and benefits businesses in the hi-tech industry, specifically the electronic, computing, telecommunications and semi-con sectors.
TNT’s Penang International Gateway was officially opened today by Y.A.B. Mr Lim Guan Eng, Chief Minister of Penang. Y.A.B. Mr Lim said, “The fact that TNT is investing in yet another facility in Penang despite the challenging economic times is a big confidence boost to doing business in Penang and also Malaysia. The electrical and electronics industry is a key pillar of Malaysia’s economy and forms a significant portion of Penang’s total trade . TNT’s top-notch services and the attention it pays to providing a high level of security meets the demands of the industry especially in North Malaysia.”
Speaking at the official ceremony, Onno Boots, Regional Managing Director for TNT Southeast Asia and India said, “It is important for TNT to stay nimble and adaptable during these challenging times but also to stay focused on further developing our infrastructure and integrated air-and-road networks in the region. The opening of our Penang Gateway facility is yet another demonstration of our commitment to grow in Malaysia and the region. We understand the needs of our customers especially in the hi-tech sector and want to offer them the most cost-effective supply chain solutions for their business.’
Alan Miu, Managing Director of TNT in Thailand said, “The new Penang TNT facility provides an important and timely boost to our already well established Asia Road Network (ARN) of which TNT Thailand is an integral part. With direct road links to Thailand it reduces transit times for our in and out bound services through Malaysia by a whole day, enabling us to offer our ARN customers an even speedier service.”
TNT’s Penang International Gateway was officially opened today by Y.A.B. Mr Lim Guan Eng, Chief Minister of Penang. Y.A.B. Mr Lim said, “The fact that TNT is investing in yet another facility in Penang despite the challenging economic times is a big confidence boost to doing business in Penang and also Malaysia. The electrical and electronics industry is a key pillar of Malaysia’s economy and forms a significant portion of Penang’s total trade . TNT’s top-notch services and the attention it pays to providing a high level of security meets the demands of the industry especially in North Malaysia.”
Speaking at the official ceremony, Onno Boots, Regional Managing Director for TNT Southeast Asia and India said, “It is important for TNT to stay nimble and adaptable during these challenging times but also to stay focused on further developing our infrastructure and integrated air-and-road networks in the region. The opening of our Penang Gateway facility is yet another demonstration of our commitment to grow in Malaysia and the region. We understand the needs of our customers especially in the hi-tech sector and want to offer them the most cost-effective supply chain solutions for their business.’
Alan Miu, Managing Director of TNT in Thailand said, “The new Penang TNT facility provides an important and timely boost to our already well established Asia Road Network (ARN) of which TNT Thailand is an integral part. With direct road links to Thailand it reduces transit times for our in and out bound services through Malaysia by a whole day, enabling us to offer our ARN customers an even speedier service.”
Wednesday, November 4, 2009
NEW PHETCHABURI BOOMS WITH AIRPORT LINK
Bangkok property firm Fragrant Property says a survey of property and land prices on New Phetchaburi Road has shown that prices there have risen steadily, thanks to the development of public utilities and transport.
It says the increases have resulted from the expansion of real estate business away from Sukhumvit and Sathorn roads, which are considered to be Bangkok's central business district, because property prices have soared in these areas despite the economic crisis.
CEO James Duan said land prices in the central business district had been sharply adjusted upwards with no tendency to decline despite the economic conditions. The amount of available land is rather limited and most of it is held by private owners who will not rush to sell until the price is high enough.
Therefore, project-development expansion has moved into neighbouring places, especially those with convenient transportation. For example, the price of land on Makkasan Road stood at Bt200,000 per square wah in 2006 and has now risen to Bt300,000 per square wah. In some places, particularly near Airport Rail Link stations, the price is even higher.
The company's survey found that five condominiums, together worth Bt13 million, will be built on New Phetchaburi Road between the Makkasan intersection and Klong Tan intersection. Some have already been launched and others are in the development process and are expected to be completed before the end of 2012.
The projects will offer a total of 2,755 units with prices starting at Bt1.8 million. The price per square metre ranges from Bt79,000 to Bt110,000.
Earlier, property experts and analysts revealed that demand for land along the Airport Rail Link route was very active, resulting in rising land prices, particularly on New Phetchaburi Road between the Makkasan intersection and the Asoke-New Phetchaburi intersection.
Developments in this area are not restricted to residential projects, but include hotel projects serving tourists and investors. Negotiations are in progress for several land plots and it is believed that there will be at least 1,500 residential units developed in the area in the next one or two years.
"Regarding condominium prices in this area, it was found that projects near to train stations, Makkasan station and Asoke intersection, have higher prices than others," Duan said.
"Although some people remark that New Phetchaburi Road is full of old commercial buildings and entertainment clubs, it should be pointed out that five new projects are aimed at high-end customers and the response to project launches has been good.
"Therefore, we expect that the image of New Phetchaburi Road will change, especially when the Airport Rail Link opens in the middle of next year," he said.
It says the increases have resulted from the expansion of real estate business away from Sukhumvit and Sathorn roads, which are considered to be Bangkok's central business district, because property prices have soared in these areas despite the economic crisis.
CEO James Duan said land prices in the central business district had been sharply adjusted upwards with no tendency to decline despite the economic conditions. The amount of available land is rather limited and most of it is held by private owners who will not rush to sell until the price is high enough.
Therefore, project-development expansion has moved into neighbouring places, especially those with convenient transportation. For example, the price of land on Makkasan Road stood at Bt200,000 per square wah in 2006 and has now risen to Bt300,000 per square wah. In some places, particularly near Airport Rail Link stations, the price is even higher.
The company's survey found that five condominiums, together worth Bt13 million, will be built on New Phetchaburi Road between the Makkasan intersection and Klong Tan intersection. Some have already been launched and others are in the development process and are expected to be completed before the end of 2012.
The projects will offer a total of 2,755 units with prices starting at Bt1.8 million. The price per square metre ranges from Bt79,000 to Bt110,000.
Earlier, property experts and analysts revealed that demand for land along the Airport Rail Link route was very active, resulting in rising land prices, particularly on New Phetchaburi Road between the Makkasan intersection and the Asoke-New Phetchaburi intersection.
Developments in this area are not restricted to residential projects, but include hotel projects serving tourists and investors. Negotiations are in progress for several land plots and it is believed that there will be at least 1,500 residential units developed in the area in the next one or two years.
"Regarding condominium prices in this area, it was found that projects near to train stations, Makkasan station and Asoke intersection, have higher prices than others," Duan said.
"Although some people remark that New Phetchaburi Road is full of old commercial buildings and entertainment clubs, it should be pointed out that five new projects are aimed at high-end customers and the response to project launches has been good.
"Therefore, we expect that the image of New Phetchaburi Road will change, especially when the Airport Rail Link opens in the middle of next year," he said.
Green fund plans win approval
The cabinet yesterday approved in principle investment plans for low-carbon technologies proposed by the Finance Ministry that would use funding from the World Bank's Clean Technology Fund (CTF).
The investment plans are mainly for developing environment-friendly energy and for transport projects that reduce the use of fuel oil.
The World Bank has told the Thai government it would offer as much as US$300 million in credit to the public and private sectors, said Vachara Kannikar, a deputy government spokesman.
The CTF was set up by the World Bank, the Asian Development Bank and International Financial Corporation to provide funds mainly to support reductions in greenhouse gas impacts.
The cabinet yesterday also approved plans by state-owned companies including the Mass Rapid Transit Authority of Thailand to borrow an additional $1.35 billion from overseas lenders to help finance infrastructure projects.
The Mass Rapid Transit Authority will seek a loan of $563.9 million from the Japan International Co-operation Agency to finance an electric rail line, an the upgrade of its mobile-phone network to third-generation (3G) technology.
Finance Minister Korn Chatikavanij said the cabinet yesterday also gave a green light for the Bank for Agriculture and Agricultural Co-operatives (BAAC)to set aside 60 billion baht in credit to help prop up rice prices during the current harvest.
Loans of 20 billion baht guaranteed by the Finance Ministry will be extended to the Marketing Organisation for Farmers and the Public Warehouse Organisation to buy rice directly from farmers. Another 20 billion baht in loans to rice millers will improve their liquidity on condition that they buy rice from farmers at prices set by the Commerce Ministry. The government will cover loan interest of 2% and the millers will pay loan interest at 2.75%.
The BAAC will set aside another 20 billion baht for a rice mortgaging scheme to help farmers who need money but prefer not to sell when prices are low.
The investment plans are mainly for developing environment-friendly energy and for transport projects that reduce the use of fuel oil.
The World Bank has told the Thai government it would offer as much as US$300 million in credit to the public and private sectors, said Vachara Kannikar, a deputy government spokesman.
The CTF was set up by the World Bank, the Asian Development Bank and International Financial Corporation to provide funds mainly to support reductions in greenhouse gas impacts.
The cabinet yesterday also approved plans by state-owned companies including the Mass Rapid Transit Authority of Thailand to borrow an additional $1.35 billion from overseas lenders to help finance infrastructure projects.
The Mass Rapid Transit Authority will seek a loan of $563.9 million from the Japan International Co-operation Agency to finance an electric rail line, an the upgrade of its mobile-phone network to third-generation (3G) technology.
Finance Minister Korn Chatikavanij said the cabinet yesterday also gave a green light for the Bank for Agriculture and Agricultural Co-operatives (BAAC)to set aside 60 billion baht in credit to help prop up rice prices during the current harvest.
Loans of 20 billion baht guaranteed by the Finance Ministry will be extended to the Marketing Organisation for Farmers and the Public Warehouse Organisation to buy rice directly from farmers. Another 20 billion baht in loans to rice millers will improve their liquidity on condition that they buy rice from farmers at prices set by the Commerce Ministry. The government will cover loan interest of 2% and the millers will pay loan interest at 2.75%.
The BAAC will set aside another 20 billion baht for a rice mortgaging scheme to help farmers who need money but prefer not to sell when prices are low.
Subscribe to:
Posts (Atom)