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THE NATION MAY 2014

Acting PM goes into hiding as protesters (orne looking JEERAPONGPRASERTPOLKRUNG THE NATION

ACTING PRIME Minister Niwattumrong Boonsongpalsan liesterday fled from protBters tooide in a safe ouse

He IS scheduled to leave for Chiang Rai today a source close to him said

Niwattumrong fled from anAirForceauditoriumnear middot the Air Force OfficersClubmiddot after protesters led by the Peoples Democratic Reform middot Committee broke into the

compound The acting prime mjnister

was meeting middot with the Election Commission on preparations for the new v0te

The source said the acting prime minister kept a low NIWATTUMRONG profile in the safe house and did not go to work at his temporary office at the Defence Ministry

He is scheduled to visit the people affected by the earthquake in Chiang Rai

He will De accompanied by caretaker Transport Minister Chadchart Sittipunt Interi9r Minister Charupong Ruangsuwan Deputy Education Minister Sermsak Pongpanit the permanent secretary for Interior Ministry and hiefs of the Provincial Administration Department the Disaster Prevention and Mitigation Department and the-Local Administration Promotion Department

BANGKOK POST MAY 201416

_---------~-- c - - rT-TCi1A middot t)

Acting caretaker prime minister Niwatthamrong Bunsongphaisarn second from left leads caretaker cabinet ministers in jI discussion with election commissioners on plans for a fresh general election at the Royal Thai Air Force Academy yesterday

THE NATION MAY 2014

Ministryracesto pay farmers THOSE UNPAID TURN TO CREDIT CARDS OTHER JOBS

PETCHANET PRATRUANGKRAI issue bonds Another concern is THENATION redemptions which may not be in

line with the bonds maturities as THE FINANCE MINISTRY is rushshy payments to farmers may have to ing to raise funds to pay farmers for wait for rice sales their pledged rice while the Bank Accordingtothesurveyconductshy

for Agriculture and igricultural ed by the BAACs research centre to Cooperatives has found through a finance expenses for growing rice in survey that farmers are using their April 657 per cent offarmers in the credit cards for investmentand are scheme charged them on thei r credshyseeking other occupations while it card 591 per cent used borrowshywaiting for their money ngs and 285 percent used their savshy

The Commerce Ministry has Ings already returned Bt20 billion to the While waiting for rice-pledging Finance Ministry that it had borshy payments 307per cent ofthe farmshyrowed from the central budget to ers in the scheme generated income mike some of the payments that are from sideline work 285 per cent overdue under the nce-pledglng used middotborrowings and 219 per cent cheme used savings

Tanusak Lekuthai caretaker Farmers have urged the governshydeputyfinance minister said yestershy ment to speed up rice-pledging payshydaythat the ministry had been going ments and the BAACto lower intershyahead with payments to farmers It est rates and extend debt-repayment is seeking possible wilYs including periods the surv~y sai~ borrowing to tap the Bm-billion farmers assistance fund The fund Central budgetwhich may receive Bt9 billion more deposits from local administrative Surasak Riangkrul director-genshyorganisations is expected to close eral of the ForeIgn Trade down by months end Department saId the Commerce

The Constitutional Court and MinIstry should be able to getsome the National Anti-Corruption money allocated from the central Commission insiston the remaining budget to help make overdue payshy26 Cabinet ministers full authority ments to farmers because It can for administration Therefore we bull repay the debt aJiead of schedUle will call a meeting of management rhe department can bar~am to ofthe ministry and state-run finanshy s~ll about 207000 tonnes ofrice out cial institutions on Monday An of450000tonnesofferedatanaucshyurgent task is to find ways to raise hon on Wednesday EiiJ1t bjdders Bt70 billion to Bt80 billion for rice- have won by offering good prices to pledging farmers he said the ministry

There has not yet been a discusshy The department will soon seek sion between the Finance and approvaJ from caretaker Commerce Commerce ministries on the MInIster Nlwattumrong planned request for an additional BoonsongpalSan to sell tins Stock injection from the central budget Yesterday 18 traders lomed the

Luck Wajananawat BAACs Commerce Ministrys auction of president plans to inform the banks 220174 tonnes of nce m the 11th committee ofthe status ofthe farmshy round otd~mgVlae~cUIturaJ ers assistance fund on Monday Futures c angeof haiartd(Afet)

About 800000 farmers have thIS 1tar been paid for pledged rice worth T e prices they quoted were bet-Bmo billion About 720000 farmshy terthan previous bids as the local ers are still waiting for about Bt82 market is short of rice billion Theturnout has encour~ed the

If the fund raises Bno billion Commerce Ministry to scedule there may be about Bt70 billion another tender In the futures marshyremaining for the Finance Ministry ket tor 200000 tonnes of rice on to come up with All payments to May30 pledging farmers are expected to be Yanyong Phuangrach caretaKshycompleted by late this year or early er deputy commerce minister said next year the mInIstry would contmue to sell

There may be concerns about the nce VIa the futures market thIS year interest burden as it could be highshy to release more nce trOIT the invenshyer than normal if the BAAC has to 2L

Ifnj~Vljl~W1ru~~

THE NATION MAY 201410 RP likely to lift import ban on Thai poultry soon PETCHANET PRATRUANGKRAI THE NATION

THE PHILIPPINES - the last country in Asean to ban Thai frozen chicken - will soon considerallowingimports of the product to resume

Thailand should enjoy more op ortullities to increase s I men so 1e 1 1 ll1es W IC IS one of tel 1-potentla mar ets or c ic en an man other

10 ucts am lat nrat an e u irector- eneral ot teTra e Negotiations Department said yesterday

The Phlhppl11e AgrIculture Department tara Somkiats agency recently that it planned to lift the ban on Thai frozen chicken that has been in effect since 2004 he said

Thailand has sent many negotjation teams to persuade the Philippines to allow purchases of Thai poultry

The Philippines has high confidenceto import frozen chicken from Thailand as it acknowledges our high san- itary standards after many countries have already canshycelled import bans on Thai chicken he said

The other markets that were closed to Thai frozen chicken but are ~ow open include the European Union Japan Bahrain HDng Kong South Africa Russia and the United Arab Emirates

Manila stopped buying frozen and processed chickshyen from Thailand because of a bird-flu outbreak here

Ifthe Philippin~s scraps the import ban soon it will also emphasise safety standards for Thai chicken Thai suppliers should continue to maintain high sanitary standards to ensure export opportunities to many marshykets Thailand is the worlds fourth-largest chicken exporter after Brazil the United States and the EO In the past five years from 2009-13 Thai chicken exports grew 9 per cent a year on average Last year they were valued at Bt6632 billion

Major overseas markets for Thai chicken are Japan accounting for 379 per cent oftotal exports byvalue the EU at 378 per cent Asean at 140 per cent and other countries at 92 per cent

~ ~

na~V1 a1-l W 1 illszJ tI

BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

bull advanc~g ttIC for bull ~ditp99th bull internatlona bull bull new form - I TF C~~J 169

bull__ _ _ App1i~atioo rOr gt ~~-----------~---------------------- j

~ V- ~ ~ ~ J

16 Cgt ~

na~Vlad~Wl ru~8

THE NATION MAY 2014

Acting PM goes into hiding as protesters (orne looking JEERAPONGPRASERTPOLKRUNG THE NATION

ACTING PRIME Minister Niwattumrong Boonsongpalsan liesterday fled from protBters tooide in a safe ouse

He IS scheduled to leave for Chiang Rai today a source close to him said

Niwattumrong fled from anAirForceauditoriumnear middot the Air Force OfficersClubmiddot after protesters led by the Peoples Democratic Reform middot Committee broke into the

compound The acting prime mjnister

was meeting middot with the Election Commission on preparations for the new v0te

The source said the acting prime minister kept a low NIWATTUMRONG profile in the safe house and did not go to work at his temporary office at the Defence Ministry

He is scheduled to visit the people affected by the earthquake in Chiang Rai

He will De accompanied by caretaker Transport Minister Chadchart Sittipunt Interi9r Minister Charupong Ruangsuwan Deputy Education Minister Sermsak Pongpanit the permanent secretary for Interior Ministry and hiefs of the Provincial Administration Department the Disaster Prevention and Mitigation Department and the-Local Administration Promotion Department

BANGKOK POST MAY 201416

_---------~-- c - - rT-TCi1A middot t)

Acting caretaker prime minister Niwatthamrong Bunsongphaisarn second from left leads caretaker cabinet ministers in jI discussion with election commissioners on plans for a fresh general election at the Royal Thai Air Force Academy yesterday

THE NATION MAY 2014

Ministryracesto pay farmers THOSE UNPAID TURN TO CREDIT CARDS OTHER JOBS

PETCHANET PRATRUANGKRAI issue bonds Another concern is THENATION redemptions which may not be in

line with the bonds maturities as THE FINANCE MINISTRY is rushshy payments to farmers may have to ing to raise funds to pay farmers for wait for rice sales their pledged rice while the Bank Accordingtothesurveyconductshy

for Agriculture and igricultural ed by the BAACs research centre to Cooperatives has found through a finance expenses for growing rice in survey that farmers are using their April 657 per cent offarmers in the credit cards for investmentand are scheme charged them on thei r credshyseeking other occupations while it card 591 per cent used borrowshywaiting for their money ngs and 285 percent used their savshy

The Commerce Ministry has Ings already returned Bt20 billion to the While waiting for rice-pledging Finance Ministry that it had borshy payments 307per cent ofthe farmshyrowed from the central budget to ers in the scheme generated income mike some of the payments that are from sideline work 285 per cent overdue under the nce-pledglng used middotborrowings and 219 per cent cheme used savings

Tanusak Lekuthai caretaker Farmers have urged the governshydeputyfinance minister said yestershy ment to speed up rice-pledging payshydaythat the ministry had been going ments and the BAACto lower intershyahead with payments to farmers It est rates and extend debt-repayment is seeking possible wilYs including periods the surv~y sai~ borrowing to tap the Bm-billion farmers assistance fund The fund Central budgetwhich may receive Bt9 billion more deposits from local administrative Surasak Riangkrul director-genshyorganisations is expected to close eral of the ForeIgn Trade down by months end Department saId the Commerce

The Constitutional Court and MinIstry should be able to getsome the National Anti-Corruption money allocated from the central Commission insiston the remaining budget to help make overdue payshy26 Cabinet ministers full authority ments to farmers because It can for administration Therefore we bull repay the debt aJiead of schedUle will call a meeting of management rhe department can bar~am to ofthe ministry and state-run finanshy s~ll about 207000 tonnes ofrice out cial institutions on Monday An of450000tonnesofferedatanaucshyurgent task is to find ways to raise hon on Wednesday EiiJ1t bjdders Bt70 billion to Bt80 billion for rice- have won by offering good prices to pledging farmers he said the ministry

There has not yet been a discusshy The department will soon seek sion between the Finance and approvaJ from caretaker Commerce Commerce ministries on the MInIster Nlwattumrong planned request for an additional BoonsongpalSan to sell tins Stock injection from the central budget Yesterday 18 traders lomed the

Luck Wajananawat BAACs Commerce Ministrys auction of president plans to inform the banks 220174 tonnes of nce m the 11th committee ofthe status ofthe farmshy round otd~mgVlae~cUIturaJ ers assistance fund on Monday Futures c angeof haiartd(Afet)

About 800000 farmers have thIS 1tar been paid for pledged rice worth T e prices they quoted were bet-Bmo billion About 720000 farmshy terthan previous bids as the local ers are still waiting for about Bt82 market is short of rice billion Theturnout has encour~ed the

If the fund raises Bno billion Commerce Ministry to scedule there may be about Bt70 billion another tender In the futures marshyremaining for the Finance Ministry ket tor 200000 tonnes of rice on to come up with All payments to May30 pledging farmers are expected to be Yanyong Phuangrach caretaKshycompleted by late this year or early er deputy commerce minister said next year the mInIstry would contmue to sell

There may be concerns about the nce VIa the futures market thIS year interest burden as it could be highshy to release more nce trOIT the invenshyer than normal if the BAAC has to 2L

Ifnj~Vljl~W1ru~~

THE NATION MAY 201410 RP likely to lift import ban on Thai poultry soon PETCHANET PRATRUANGKRAI THE NATION

THE PHILIPPINES - the last country in Asean to ban Thai frozen chicken - will soon considerallowingimports of the product to resume

Thailand should enjoy more op ortullities to increase s I men so 1e 1 1 ll1es W IC IS one of tel 1-potentla mar ets or c ic en an man other

10 ucts am lat nrat an e u irector- eneral ot teTra e Negotiations Department said yesterday

The Phlhppl11e AgrIculture Department tara Somkiats agency recently that it planned to lift the ban on Thai frozen chicken that has been in effect since 2004 he said

Thailand has sent many negotjation teams to persuade the Philippines to allow purchases of Thai poultry

The Philippines has high confidenceto import frozen chicken from Thailand as it acknowledges our high san- itary standards after many countries have already canshycelled import bans on Thai chicken he said

The other markets that were closed to Thai frozen chicken but are ~ow open include the European Union Japan Bahrain HDng Kong South Africa Russia and the United Arab Emirates

Manila stopped buying frozen and processed chickshyen from Thailand because of a bird-flu outbreak here

Ifthe Philippin~s scraps the import ban soon it will also emphasise safety standards for Thai chicken Thai suppliers should continue to maintain high sanitary standards to ensure export opportunities to many marshykets Thailand is the worlds fourth-largest chicken exporter after Brazil the United States and the EO In the past five years from 2009-13 Thai chicken exports grew 9 per cent a year on average Last year they were valued at Bt6632 billion

Major overseas markets for Thai chicken are Japan accounting for 379 per cent oftotal exports byvalue the EU at 378 per cent Asean at 140 per cent and other countries at 92 per cent

~ ~

na~V1 a1-l W 1 illszJ tI

BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

bull advanc~g ttIC for bull ~ditp99th bull internatlona bull bull new form - I TF C~~J 169

bull__ _ _ App1i~atioo rOr gt ~~-----------~---------------------- j

~ V- ~ ~ ~ J

BANGKOK POST MAY 201416

_---------~-- c - - rT-TCi1A middot t)

Acting caretaker prime minister Niwatthamrong Bunsongphaisarn second from left leads caretaker cabinet ministers in jI discussion with election commissioners on plans for a fresh general election at the Royal Thai Air Force Academy yesterday

THE NATION MAY 2014

Ministryracesto pay farmers THOSE UNPAID TURN TO CREDIT CARDS OTHER JOBS

PETCHANET PRATRUANGKRAI issue bonds Another concern is THENATION redemptions which may not be in

line with the bonds maturities as THE FINANCE MINISTRY is rushshy payments to farmers may have to ing to raise funds to pay farmers for wait for rice sales their pledged rice while the Bank Accordingtothesurveyconductshy

for Agriculture and igricultural ed by the BAACs research centre to Cooperatives has found through a finance expenses for growing rice in survey that farmers are using their April 657 per cent offarmers in the credit cards for investmentand are scheme charged them on thei r credshyseeking other occupations while it card 591 per cent used borrowshywaiting for their money ngs and 285 percent used their savshy

The Commerce Ministry has Ings already returned Bt20 billion to the While waiting for rice-pledging Finance Ministry that it had borshy payments 307per cent ofthe farmshyrowed from the central budget to ers in the scheme generated income mike some of the payments that are from sideline work 285 per cent overdue under the nce-pledglng used middotborrowings and 219 per cent cheme used savings

Tanusak Lekuthai caretaker Farmers have urged the governshydeputyfinance minister said yestershy ment to speed up rice-pledging payshydaythat the ministry had been going ments and the BAACto lower intershyahead with payments to farmers It est rates and extend debt-repayment is seeking possible wilYs including periods the surv~y sai~ borrowing to tap the Bm-billion farmers assistance fund The fund Central budgetwhich may receive Bt9 billion more deposits from local administrative Surasak Riangkrul director-genshyorganisations is expected to close eral of the ForeIgn Trade down by months end Department saId the Commerce

The Constitutional Court and MinIstry should be able to getsome the National Anti-Corruption money allocated from the central Commission insiston the remaining budget to help make overdue payshy26 Cabinet ministers full authority ments to farmers because It can for administration Therefore we bull repay the debt aJiead of schedUle will call a meeting of management rhe department can bar~am to ofthe ministry and state-run finanshy s~ll about 207000 tonnes ofrice out cial institutions on Monday An of450000tonnesofferedatanaucshyurgent task is to find ways to raise hon on Wednesday EiiJ1t bjdders Bt70 billion to Bt80 billion for rice- have won by offering good prices to pledging farmers he said the ministry

There has not yet been a discusshy The department will soon seek sion between the Finance and approvaJ from caretaker Commerce Commerce ministries on the MInIster Nlwattumrong planned request for an additional BoonsongpalSan to sell tins Stock injection from the central budget Yesterday 18 traders lomed the

Luck Wajananawat BAACs Commerce Ministrys auction of president plans to inform the banks 220174 tonnes of nce m the 11th committee ofthe status ofthe farmshy round otd~mgVlae~cUIturaJ ers assistance fund on Monday Futures c angeof haiartd(Afet)

About 800000 farmers have thIS 1tar been paid for pledged rice worth T e prices they quoted were bet-Bmo billion About 720000 farmshy terthan previous bids as the local ers are still waiting for about Bt82 market is short of rice billion Theturnout has encour~ed the

If the fund raises Bno billion Commerce Ministry to scedule there may be about Bt70 billion another tender In the futures marshyremaining for the Finance Ministry ket tor 200000 tonnes of rice on to come up with All payments to May30 pledging farmers are expected to be Yanyong Phuangrach caretaKshycompleted by late this year or early er deputy commerce minister said next year the mInIstry would contmue to sell

There may be concerns about the nce VIa the futures market thIS year interest burden as it could be highshy to release more nce trOIT the invenshyer than normal if the BAAC has to 2L

Ifnj~Vljl~W1ru~~

THE NATION MAY 201410 RP likely to lift import ban on Thai poultry soon PETCHANET PRATRUANGKRAI THE NATION

THE PHILIPPINES - the last country in Asean to ban Thai frozen chicken - will soon considerallowingimports of the product to resume

Thailand should enjoy more op ortullities to increase s I men so 1e 1 1 ll1es W IC IS one of tel 1-potentla mar ets or c ic en an man other

10 ucts am lat nrat an e u irector- eneral ot teTra e Negotiations Department said yesterday

The Phlhppl11e AgrIculture Department tara Somkiats agency recently that it planned to lift the ban on Thai frozen chicken that has been in effect since 2004 he said

Thailand has sent many negotjation teams to persuade the Philippines to allow purchases of Thai poultry

The Philippines has high confidenceto import frozen chicken from Thailand as it acknowledges our high san- itary standards after many countries have already canshycelled import bans on Thai chicken he said

The other markets that were closed to Thai frozen chicken but are ~ow open include the European Union Japan Bahrain HDng Kong South Africa Russia and the United Arab Emirates

Manila stopped buying frozen and processed chickshyen from Thailand because of a bird-flu outbreak here

Ifthe Philippin~s scraps the import ban soon it will also emphasise safety standards for Thai chicken Thai suppliers should continue to maintain high sanitary standards to ensure export opportunities to many marshykets Thailand is the worlds fourth-largest chicken exporter after Brazil the United States and the EO In the past five years from 2009-13 Thai chicken exports grew 9 per cent a year on average Last year they were valued at Bt6632 billion

Major overseas markets for Thai chicken are Japan accounting for 379 per cent oftotal exports byvalue the EU at 378 per cent Asean at 140 per cent and other countries at 92 per cent

~ ~

na~V1 a1-l W 1 illszJ tI

BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

bull advanc~g ttIC for bull ~ditp99th bull internatlona bull bull new form - I TF C~~J 169

bull__ _ _ App1i~atioo rOr gt ~~-----------~---------------------- j

~ V- ~ ~ ~ J

THE NATION MAY 2014

Ministryracesto pay farmers THOSE UNPAID TURN TO CREDIT CARDS OTHER JOBS

PETCHANET PRATRUANGKRAI issue bonds Another concern is THENATION redemptions which may not be in

line with the bonds maturities as THE FINANCE MINISTRY is rushshy payments to farmers may have to ing to raise funds to pay farmers for wait for rice sales their pledged rice while the Bank Accordingtothesurveyconductshy

for Agriculture and igricultural ed by the BAACs research centre to Cooperatives has found through a finance expenses for growing rice in survey that farmers are using their April 657 per cent offarmers in the credit cards for investmentand are scheme charged them on thei r credshyseeking other occupations while it card 591 per cent used borrowshywaiting for their money ngs and 285 percent used their savshy

The Commerce Ministry has Ings already returned Bt20 billion to the While waiting for rice-pledging Finance Ministry that it had borshy payments 307per cent ofthe farmshyrowed from the central budget to ers in the scheme generated income mike some of the payments that are from sideline work 285 per cent overdue under the nce-pledglng used middotborrowings and 219 per cent cheme used savings

Tanusak Lekuthai caretaker Farmers have urged the governshydeputyfinance minister said yestershy ment to speed up rice-pledging payshydaythat the ministry had been going ments and the BAACto lower intershyahead with payments to farmers It est rates and extend debt-repayment is seeking possible wilYs including periods the surv~y sai~ borrowing to tap the Bm-billion farmers assistance fund The fund Central budgetwhich may receive Bt9 billion more deposits from local administrative Surasak Riangkrul director-genshyorganisations is expected to close eral of the ForeIgn Trade down by months end Department saId the Commerce

The Constitutional Court and MinIstry should be able to getsome the National Anti-Corruption money allocated from the central Commission insiston the remaining budget to help make overdue payshy26 Cabinet ministers full authority ments to farmers because It can for administration Therefore we bull repay the debt aJiead of schedUle will call a meeting of management rhe department can bar~am to ofthe ministry and state-run finanshy s~ll about 207000 tonnes ofrice out cial institutions on Monday An of450000tonnesofferedatanaucshyurgent task is to find ways to raise hon on Wednesday EiiJ1t bjdders Bt70 billion to Bt80 billion for rice- have won by offering good prices to pledging farmers he said the ministry

There has not yet been a discusshy The department will soon seek sion between the Finance and approvaJ from caretaker Commerce Commerce ministries on the MInIster Nlwattumrong planned request for an additional BoonsongpalSan to sell tins Stock injection from the central budget Yesterday 18 traders lomed the

Luck Wajananawat BAACs Commerce Ministrys auction of president plans to inform the banks 220174 tonnes of nce m the 11th committee ofthe status ofthe farmshy round otd~mgVlae~cUIturaJ ers assistance fund on Monday Futures c angeof haiartd(Afet)

About 800000 farmers have thIS 1tar been paid for pledged rice worth T e prices they quoted were bet-Bmo billion About 720000 farmshy terthan previous bids as the local ers are still waiting for about Bt82 market is short of rice billion Theturnout has encour~ed the

If the fund raises Bno billion Commerce Ministry to scedule there may be about Bt70 billion another tender In the futures marshyremaining for the Finance Ministry ket tor 200000 tonnes of rice on to come up with All payments to May30 pledging farmers are expected to be Yanyong Phuangrach caretaKshycompleted by late this year or early er deputy commerce minister said next year the mInIstry would contmue to sell

There may be concerns about the nce VIa the futures market thIS year interest burden as it could be highshy to release more nce trOIT the invenshyer than normal if the BAAC has to 2L

Ifnj~Vljl~W1ru~~

THE NATION MAY 201410 RP likely to lift import ban on Thai poultry soon PETCHANET PRATRUANGKRAI THE NATION

THE PHILIPPINES - the last country in Asean to ban Thai frozen chicken - will soon considerallowingimports of the product to resume

Thailand should enjoy more op ortullities to increase s I men so 1e 1 1 ll1es W IC IS one of tel 1-potentla mar ets or c ic en an man other

10 ucts am lat nrat an e u irector- eneral ot teTra e Negotiations Department said yesterday

The Phlhppl11e AgrIculture Department tara Somkiats agency recently that it planned to lift the ban on Thai frozen chicken that has been in effect since 2004 he said

Thailand has sent many negotjation teams to persuade the Philippines to allow purchases of Thai poultry

The Philippines has high confidenceto import frozen chicken from Thailand as it acknowledges our high san- itary standards after many countries have already canshycelled import bans on Thai chicken he said

The other markets that were closed to Thai frozen chicken but are ~ow open include the European Union Japan Bahrain HDng Kong South Africa Russia and the United Arab Emirates

Manila stopped buying frozen and processed chickshyen from Thailand because of a bird-flu outbreak here

Ifthe Philippin~s scraps the import ban soon it will also emphasise safety standards for Thai chicken Thai suppliers should continue to maintain high sanitary standards to ensure export opportunities to many marshykets Thailand is the worlds fourth-largest chicken exporter after Brazil the United States and the EO In the past five years from 2009-13 Thai chicken exports grew 9 per cent a year on average Last year they were valued at Bt6632 billion

Major overseas markets for Thai chicken are Japan accounting for 379 per cent oftotal exports byvalue the EU at 378 per cent Asean at 140 per cent and other countries at 92 per cent

~ ~

na~V1 a1-l W 1 illszJ tI

BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

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THE NATION MAY 201410 RP likely to lift import ban on Thai poultry soon PETCHANET PRATRUANGKRAI THE NATION

THE PHILIPPINES - the last country in Asean to ban Thai frozen chicken - will soon considerallowingimports of the product to resume

Thailand should enjoy more op ortullities to increase s I men so 1e 1 1 ll1es W IC IS one of tel 1-potentla mar ets or c ic en an man other

10 ucts am lat nrat an e u irector- eneral ot teTra e Negotiations Department said yesterday

The Phlhppl11e AgrIculture Department tara Somkiats agency recently that it planned to lift the ban on Thai frozen chicken that has been in effect since 2004 he said

Thailand has sent many negotjation teams to persuade the Philippines to allow purchases of Thai poultry

The Philippines has high confidenceto import frozen chicken from Thailand as it acknowledges our high san- itary standards after many countries have already canshycelled import bans on Thai chicken he said

The other markets that were closed to Thai frozen chicken but are ~ow open include the European Union Japan Bahrain HDng Kong South Africa Russia and the United Arab Emirates

Manila stopped buying frozen and processed chickshyen from Thailand because of a bird-flu outbreak here

Ifthe Philippin~s scraps the import ban soon it will also emphasise safety standards for Thai chicken Thai suppliers should continue to maintain high sanitary standards to ensure export opportunities to many marshykets Thailand is the worlds fourth-largest chicken exporter after Brazil the United States and the EO In the past five years from 2009-13 Thai chicken exports grew 9 per cent a year on average Last year they were valued at Bt6632 billion

Major overseas markets for Thai chicken are Japan accounting for 379 per cent oftotal exports byvalue the EU at 378 per cent Asean at 140 per cent and other countries at 92 per cent

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BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

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BANGKOK POST 1(] MAY 2014 5J DITPTN FOCUS

bythe DEPARTMENT OF INTERNATIONAL TRADE PROMOTION

TllaiSelect quality label of Thai foods

that are sold in Thailand must also _ meet the labeling requirements of the Food and Drug Administration (FDA)

Restaurants or companies requesting Thai Select certificl)shymiddot tjon are asked to submit an middot application to the DITP I) Those in other countries are asked to

middot submit an application to the DITP Office in the concerned area 2)

Thai Select is a certification Those in Bangkok and other mark that signifies the quality of regions of Thailand are asked to Thai foods and restaurants The submit their application to the mark has been launched with the Ministry of Commence or DITP stio~g support of the Department of Intermltiorial Office in each region Checking and grading of scores Trade Promotion (DITP) Ministry of Commerceto will be dC)I)e by the related committee After that they shy

promote Thai restaurants and foods cooked in a Thai will receive a certificate signed -by the Commerce traditional way using authentic Thai ingTedients so as middotMinister and the Director General of ilie DITP Thai to maintain the unique taste andappeararice of Thai S~lect and ThlU select PrelIllUJn logos and certificates cUisine AJ such Thai Select is aCQre mechanism to are valid for three years promote Thai entrepreneurs to gTow sustainably and cUrrently there are app~oximately 5QOOThar create a good image of Thai foods while maintaiDillg restaurants in foreign countries Moreover according their aut4entic flavor to a 2009 survey there are about 13140 Thai restatishy

Thai Selectis divided into two categories middot middot rants worldwide 1 Thai restaurants (both domestic and international) middot Duringthe press coruerence ofTHAIFEX~Worldof 2 Thai food exports food ASlA 2014 held at Ministry of Commerce an bull for domestic Thai restaurants to get the Thai award ceremony was -organized to offer a tour package

Select Premiwil mark they mUst be registered inlhe middot to lucky winners who participate in a quiz activity projeCt and approved by a Committee with middota score of from wwwThaiSe1ectcom The winners ate Sliia Yuig

nioii than 90pbinfs Restaurants that get the Thai middot Siin from Malaysia (Receivillg Thailand toUr package) Select mark inust be approvedbithe Committee with and Ms Chattbip Kok-eiam from Nbnthaburi province a score b~tween 75-89 points The Score is based on ofTbailand (Receiving Japan tour package) taste raw material qualitY and cooking processes Entrepreneurs interested ill applying for the Thai

Thai restaurilOtsin other countries that receive the Select mark can enquire for furthe~ information at Thaj Select mark must have beeq open for not less than DITP direct line 1169 or at wwwclitpgoth

siX months and have at least 60 Thai dishes on their menus

Thai food exports seekingthe Thai Select mark are Thai Select is a core mechanism considered according to various criteria by - the

Comffiittee Thefoods must be ready-to-eat or cooked to promote Thai entrepreneursto with savory spices and ingTedierits using authentic grow sustainably and create a goodThai cooking processes The foods have to be sealed and keptin line with international packaging standards middot image of Thai foods while

-and they must be kept in good condition from the main t in ing their authentic flavor II

sblpping point to the destination Exported Thai foods

Experience the most

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BANGKOK POST MAY 2014 1b Food exporters feel more upbeat

with robust Ql earnings POST REPORTERS

The SET-listed Charoen Pokphand Foods Pic (CPF) is feeling more upbeat about achieving its operating target after a robust performance in the first quarter

The company yesterday reported that first-quarter sales revenue rose 12 to 981

billion baht from 874 billion in the same period last year The increase was attributed to both Thai and international operations which rose 7 and 16 respectively

Sales from intemational operations

Earlier CPF said it aimed to achieve sales growth of 10 this ye~with 450 billion baht in revenue

Meanwhile Thai Union Frozen Products Pic (TUF) the-worlds largest canned tuna company reported a 41 year-on-year increase in net profit to 950 million baht in the filst quarter thanks to increasing sales of tuna shrimp and related business

Net revenue totalledUS$863 million up 48 largely due to rising sales in its key

tuna and shrimp businesses In baht telins sales rose 143 to 2795 billion

accounted for 58 of sales with operations in Thailand which include domestic and export sales accounting for 42 (36 from domestic sales and 6 from exports)

Sales from Thai operations amounted to 417 billion baht up from 3893 billion while international operations contributed 565 billion baht up from 485 billion

However CPFs export sales dropped by 15 to 605 billion baht from 708 billion

Net profit in the first quarter amounted to 205 billion baht or 028 baht per shareshyarise ofIOOfrom 102 billion orO14 baht

Ttma accounted for 48 ofTUFs revshyenue followed by shrimp ano related business at 23 sardines and mackerel at 6 pet food at 8 and salmon at 4 with 11 from value-added business and other products

The USgenerated 43 of the companys sales in the quarter with 30 from the EU 7 from the domestic market 5 from Japan and 16 from other markets

Partly driven by frozen productS TUFs sales in the US have played a vital role in the companys growth with salessurging

per share Gross profit margin improved from 9 to 13

President and chief executive Adirek Sripratak said the Significant increase in net profit stemmed mainly from the reco[shy

ery of livestock business However wideshyspread early mortality syndrome (EMS) has affected shrimp business since late 2012

International operations are growing at a good rate especially in Viemam and India

Overall this yearmiddotCPF should be able to achieve its operating target as set said

MrAdirek

24 in that market Sales in the European market increased substantially by 19 said president and chief executive Thishyraphong Chansiri

Cost management and improving strong cash flow continued to drive profit growth for ruE I strongly believe we are still on track to achieve our revenue target Of $4 billion this year

Shares of TUF closed yesterday at 695 baht down 125 baht in trade worth 122 million while CPF shares closed at 26 baht up 75 satang in trade worth 2 billion baht

BANGKOK POST MAY 2014

UTCC sees frozen economy

Warning on impact of prolonged strife

WICHIT CHANTANUSORNSIRI PHUSADEE ARUNMAS

The economy will freeze if the political strife continues for another three months and the fiscal-2015 budget cannot be done warns the Center for International Trade Studies 0 f the University of the Thai Chamshyber of Commerce (OTCC) Without the fiscal-2015 budget approval govenunent investment iIi sevshyeral projects will have to be suspended and the impact on the labour market is expected to become worse said Aat

Pisanwanich the centres director The political impasse not only affects

Thailands economic prospects but also the competitiveness of Thai businesses Mr Aat said adding if the stalemate lasts for another three months and turns more violent small and medium-sized entershyprises will be hit hard lith as many as 800000 ou t of a total 25 million going out bf business

According to UTCCs latest study on Thailands competitiveness in Asean and its three key trade partners (China Japan and South Korea) Thailand has lost share in the three markets worth as much as 18312 billion baht over the last five years to other Asean members

Further losses are anticipated this year mainly in sectors like rice crude palm oil apparel and electrical appliances

However the Budget Bureau has issued assurances that the fiscal-2015 budget will be ready to seek approval from the new government if the general electionschedshyuled for July is asuccess

Director Somsak Chotrattanasiri said his agencys budget planning for fiscal 2015 is 70 complete and includes three main parts fixed costs such as salaries and operating expenses cabinet-approved projects and preliminary st-ate expendi- middot ture such as road maintenance costs

The rest has yet to be finalised and involves strategic development for which a functioning government is needed to design policies and approve plans before making funding decisions

Mr Somsak said ifthe election occurs in July as proposed by the caretaker governshyment the anmial expenditure budget for

2015 can begin on March 30 next year - a six-monthdelay

Under the new budget the deficit is set at 200 billion baht But the government can raise the expenditure budget in the rniddle of the fiscal year ifrevenue is higher than targeted

The annual expenditure budget for fiscal 2014 ending Sept 30 has been 568 disbursed slightly lower than for the same period last fiscal year (58) owing to the closure of the Finance Ministry for 10 days by the Peoples Democratic Reform Corrunittee

To date the investment budget has been 361 disbursed to the tune of 441 billion baht a negligible rise from last years 36

Of the 234 billion baht in expenditure budget carried over from 2013 59 has been disbursed this year

• 57-05-16 (กรม)
• 57-05-16 (ใบนำสง)
• 57-05-16 (กระทรวง)

BANGKOK POST MAY 2014

UTCC sees frozen economy

Warning on impact of prolonged strife

WICHIT CHANTANUSORNSIRI PHUSADEE ARUNMAS

The economy will freeze if the political strife continues for another three months and the fiscal-2015 budget cannot be done warns the Center for International Trade Studies 0 f the University of the Thai Chamshyber of Commerce (OTCC) Without the fiscal-2015 budget approval govenunent investment iIi sevshyeral projects will have to be suspended and the impact on the labour market is expected to become worse said Aat

Pisanwanich the centres director The political impasse not only affects

Thailands economic prospects but also the competitiveness of Thai businesses Mr Aat said adding if the stalemate lasts for another three months and turns more violent small and medium-sized entershyprises will be hit hard lith as many as 800000 ou t of a total 25 million going out bf business

According to UTCCs latest study on Thailands competitiveness in Asean and its three key trade partners (China Japan and South Korea) Thailand has lost share in the three markets worth as much as 18312 billion baht over the last five years to other Asean members

Further losses are anticipated this year mainly in sectors like rice crude palm oil apparel and electrical appliances

However the Budget Bureau has issued assurances that the fiscal-2015 budget will be ready to seek approval from the new government if the general electionschedshyuled for July is asuccess

Director Somsak Chotrattanasiri said his agencys budget planning for fiscal 2015 is 70 complete and includes three main parts fixed costs such as salaries and operating expenses cabinet-approved projects and preliminary st-ate expendi- middot ture such as road maintenance costs

The rest has yet to be finalised and involves strategic development for which a functioning government is needed to design policies and approve plans before making funding decisions

Mr Somsak said ifthe election occurs in July as proposed by the caretaker governshyment the anmial expenditure budget for

2015 can begin on March 30 next year - a six-monthdelay

Under the new budget the deficit is set at 200 billion baht But the government can raise the expenditure budget in the rniddle of the fiscal year ifrevenue is higher than targeted

The annual expenditure budget for fiscal 2014 ending Sept 30 has been 568 disbursed slightly lower than for the same period last fiscal year (58) owing to the closure of the Finance Ministry for 10 days by the Peoples Democratic Reform Corrunittee

To date the investment budget has been 361 disbursed to the tune of 441 billion baht a negligible rise from last years 36

Of the 234 billion baht in expenditure budget carried over from 2013 59 has been disbursed this year

• 57-05-16 (กรม)
• 57-05-16 (ใบนำสง)
• 57-05-16 (กระทรวง)