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2

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31 lJ~lJtJ

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341V1tJ1W1~

35BANGKOK POST

36THE NATION

37BANGKOK POST

38BANGKOK POST

39 THE NATION

40THE NATION

- liJ6lJ ~l~tJ UtJVlfllhtJDl 1WJltJl~ Yli1lJ

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ci QI I I QJ d

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- Rice auction draws active but conservative biddin~

- Rice bids below ministrys floor prices

- DITP IN FOCUS 1 Connecting intelligence with intelli~ence

- Consumer confidence index hits 11 - month hi~h

- Consumer Confidence Index hits 11 - month high

- FOURTH DIP IN A ROW

2557

~

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2

281vltJ1W1~ 29 lJ~lJtJ

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31 lJ~lJtJ

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341V1tJ1W1~

35BANGKOK POST

36THE NATION

37BANGKOK POST

38BANGKOK POST

39 THE NATION

40THE NATION

- liJ6lJ ~l~tJ UtJVlfllhtJDl 1WJltJl~ Yli1lJ

- tJ8tJ~lJlP111~Hin~ 1JlJl~m~lWlmjl~tJl

ci QI I I QJ d

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- ~lJul~mTtJerU~1flYlfl Yl~l mUi1l~m1llj8lYl~YlmtJJ

- Rice auction draws active but conservative biddin~

- Rice bids below ministrys floor prices

- DITP IN FOCUS 1 Connecting intelligence with intelli~ence

- Consumer confidence index hits 11 - month hi~h

- Consumer Confidence Index hits 11 - month high

- FOURTH DIP IN A ROW

2557

~

tJtJLilfl

1

ml-Jnllf1W1NUlIYl1i lv1LU ~ltlm~1x

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d Q

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~

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I ~ q 0

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255556 U~tit1~~51lllfltl1111 lifl ~[~ 27170

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255556 U~tit1~~51lllfltl1111 lifl ~[~ 27170

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BANGKOK AUGUST 2014POST

Rice auction draws active but conservative bidding PHUSADEE ARUNMAS

The military regime yesterday put 167000 tonnes of rice from state stocks up for aucshytion the first lot to go under the hammer since sales were halted when the army took control on May 22

The bidding drew an active response from potential buyers although the offers fell short of the reference prices set by the Commerce MinIsIT)

Duangpcim Rodphaya director-general of the ForeIgn Irade Department saId 46 ymall mediuil1-sized and large exportshy ers millers and rice packers submitted bids yesterday

But the department has yet to secure any deals with buyers as most of them proshyposed prices below the reference prices set by the panel handling rice sales The refershyence prices were not disclosed

The bidders were set to make offers again yesterday evening In the event that no bidder offers plices on pa[~th the refermiddot ence prices the department is prepared to present the bidders who offer the highest prices to the panel for c~Jl1sideration

enters the market

Ms Duangpom said her department had yet to specify when the next auction would

be called ~The next auction ~ll rely on the panshy

els consideration she said But certain condiions may be adjusted to make it more enticing

Charoen Laothamatas resident of the Thai Rice Exporters Association (TREA and who observed yesterdays 5idiling said the auctiQn was the best option and transparent not to mention well timed to benefit from strong demand and competimiddot tive Thai prices

Thai 5 white rice right now is fetchshying an average of US$450-460 a tonne compared ~th as low as $380-390 a tonne under the previous government while the paddy market price is now 8500 baht a tonne compared mth 7000 baht he said

This reflects high demand in the market and the state rice auctions are unlikely to have a large effect on the curshyrent market prices

He suggested the authorities speed up rice sales on a continuous basis in lots of up to 200000 tonnes before any new sup ply

Potential buyers inspect grains before yesterdays auction of state-held rice The prices offered fell short of Commerce Ministry targets TAWATCHAI

KHEMGUMNERD

The Philippines is also due to call a bid The military regime last month vowed to TREA honorary president Chookiat to buy a new lot of 500000 [onnes of rice sell an average of500000 tonnes a month

Ophaswongse said Thai rice ellorts had onAug27 from existing state rice stocks and dispose become more promising with higher Mr Chookiat urged officia Is to offer of the existing i8-million-tonne surplus demand and price competitiveness financial support to the Thai bidders vithin three years through four channels

Right now is considered a good opporshy Thailand can expect to export 9 million Those channels are general auctions ~ tunity for Thai rice as the market is in short tonnes of rice at best this year given the government-to-government sales direct 11 supply after Vietnam beefed up its crossshy limitations of a labour and freighter shortshy sales and the Agricultural Futures Exchange I FII tj border shipll] en ts to China he said age h said ofThailand G -~-~

THE NATION

FIRST AUCTION

Rice bids below ministrys TRADERS SAY THEY WEREHIGH ENOUGH floor prices

DESPITE STRONG MARKET DEMAND AMID TRANSPARENCY PETCHANET PRATRUANGKRAI THE NATION

SCORES of traders queued at the Commerce Ministry yesterday to join the first rice auction oftheyear but bid below the ministrys floor prices despite high demand during the off season and amid transparency in the bidding process

The working committee will need tOaSkthe bidders who offered the highshyest prices to raise their prices and will propose the results oftheauction to the

was a good time to release rice from the stockpiles but the government might have to accept low prices as

date from the chairman of the Rice Committee today Charoen some stocks had deteriorated in qualshyPolicy Committee to adjustsome floor Laothammatas presIdentofthe I hai ity prices in order to release rice from the RIce Exporters AssOciation said For this round many traders were governments stocks manytradersJomed thegovernments willing to join because it was transshy

If the prices are not satisfactory auction because demand was high in parent and open to small outfits It is the gOvernment will not be in a hurry the market He said the bids were hard for traders to conspire on bid to sell rice from its inventory as presshy quite high and the government rigging because of the high demand sure to do so has lessened because of should agree to sell rice to increase in the market Chookiat said a low supply in the market supply A rice-miller source said the bids

The ministry says it is still confishy The market price for rice is rising Were quite high Small traders may be dent it can reduce rice stockpiles and gradually because oflow supply in the unable to compete with largeplayers will continue holding auctions Itwill world market but they had to join the auction give the result of this auction to~ Chookiat Ophaswongse honorary because of the shortage of rice in the vice chairman of the Rice Policy presIdent of the assocIatlOn said it market

BANGKOK AUGUST 2014POST

DITPTN FOCUS by the DEPARTMENT OF INTERNATIONAL THADE PROMOTION

Connecting intelligence with intelligence DITP Connect is a mobile application developed by the Department of International Trade Promoshytio~-(DITP) that is installed and used on portable devices including smartp~Qnes and tablets The application can work on both iOS (Iphone iPad) and Android (SamsUng i-mobile HTe Sony Dell efc) operating systems The application gathers inforn1ation and the latest news from a database c~ntrolled by the DITP and the Office of Internashytional Trade pr-omotion Its aim is to give entrepreshyneurs easy access to information on trade between major trading countries Users can choose to receive specific product and market information as well as trade-related information such as notifica~

middot tion ot trade exhibitions training opportunites and middot trade promotion activities Users simply install DITP Connect on their smartphone or tablet and

- register for usage All the relevant and useful infor- middot mati on on trade is sent directly to the users mobile

dltvice instantly

~

Personclrze Your DIWo~0 Inlemc~cnol Trode gln_n~poundt InEllignnoo with

__1 a1DyenI

Benefits of DITPConnect 1 Entrepreneurspublic can accessor send requests

for specific relevant trade information scnt from the DITP that is accurate useful and beneficial and matches their needs

2 Can get feedback from entrepreneurs and information receivers from votes

3 DITP serves as an irnpOitant channel to promote its extensive infonnation resources

I 4 Entrepreneurspublic cari access statistical

data on which to base betteraod faster trade and investment decisions

5 Can receive real-tilTIe information and reliable alerts as information is sent direct to the users mobile phone or tablet

User Groups 1 Thai exporters investors and researchers

into international trade 2 Foreign buyers 3 DITP officers and HTA

Information obtained from DITP Connect I Highlights and activities

- Including information about major DITP activities

2 DLTP News ~ Important news from the DITP website

3 Market Reports - Information and news from the Office of

Inte~ationaJ Trade Promotion worldwide including market

data and product information 4 Export Statistics

- Thailands export statistics to different countries and related product infonnation

5 Website links from Thaitradecom 6 Website links from Thaitradefaircom

~

Experience the most Sanambinnam Office 44i lOO Nontilaburi l Road wwwditp~goth ad_vanced teo C tinolog~ for ~Muang Nonthaburi 11000 1) I - int~nationalyades In _Thailand DITP Call 1169 ~ I new form through Mobile Tel 0 2507 7999 Fax 0 25475657middot8 bull Application for the first time tL1t Hshy

BANGKOK AUGUST 2014POST

Rice auction draws active but conservative bidding PHUSADEE ARUNMAS

The military regime yesterday put 167000 tonnes of rice from state stocks up for aucshytion the first lot to go under the hammer since sales were halted when the army took control on May 22

The bidding drew an active response from potential buyers although the offers fell short of the reference prices set by the Commerce MinIsIT)

Duangpcim Rodphaya director-general of the ForeIgn Irade Department saId 46 ymall mediuil1-sized and large exportshy ers millers and rice packers submitted bids yesterday

But the department has yet to secure any deals with buyers as most of them proshyposed prices below the reference prices set by the panel handling rice sales The refershyence prices were not disclosed

The bidders were set to make offers again yesterday evening In the event that no bidder offers plices on pa[~th the refermiddot ence prices the department is prepared to present the bidders who offer the highest prices to the panel for c~Jl1sideration

enters the market

Ms Duangpom said her department had yet to specify when the next auction would

be called ~The next auction ~ll rely on the panshy

els consideration she said But certain condiions may be adjusted to make it more enticing

Charoen Laothamatas resident of the Thai Rice Exporters Association (TREA and who observed yesterdays 5idiling said the auctiQn was the best option and transparent not to mention well timed to benefit from strong demand and competimiddot tive Thai prices

Thai 5 white rice right now is fetchshying an average of US$450-460 a tonne compared ~th as low as $380-390 a tonne under the previous government while the paddy market price is now 8500 baht a tonne compared mth 7000 baht he said

This reflects high demand in the market and the state rice auctions are unlikely to have a large effect on the curshyrent market prices

He suggested the authorities speed up rice sales on a continuous basis in lots of up to 200000 tonnes before any new sup ply

Potential buyers inspect grains before yesterdays auction of state-held rice The prices offered fell short of Commerce Ministry targets TAWATCHAI

KHEMGUMNERD

The Philippines is also due to call a bid The military regime last month vowed to TREA honorary president Chookiat to buy a new lot of 500000 [onnes of rice sell an average of500000 tonnes a month

Ophaswongse said Thai rice ellorts had onAug27 from existing state rice stocks and dispose become more promising with higher Mr Chookiat urged officia Is to offer of the existing i8-million-tonne surplus demand and price competitiveness financial support to the Thai bidders vithin three years through four channels

Right now is considered a good opporshy Thailand can expect to export 9 million Those channels are general auctions ~ tunity for Thai rice as the market is in short tonnes of rice at best this year given the government-to-government sales direct 11 supply after Vietnam beefed up its crossshy limitations of a labour and freighter shortshy sales and the Agricultural Futures Exchange I FII tj border shipll] en ts to China he said age h said ofThailand G -~-~

THE NATION

FIRST AUCTION

Rice bids below ministrys TRADERS SAY THEY WEREHIGH ENOUGH floor prices

DESPITE STRONG MARKET DEMAND AMID TRANSPARENCY PETCHANET PRATRUANGKRAI THE NATION

SCORES of traders queued at the Commerce Ministry yesterday to join the first rice auction oftheyear but bid below the ministrys floor prices despite high demand during the off season and amid transparency in the bidding process

The working committee will need tOaSkthe bidders who offered the highshyest prices to raise their prices and will propose the results oftheauction to the

was a good time to release rice from the stockpiles but the government might have to accept low prices as

date from the chairman of the Rice Committee today Charoen some stocks had deteriorated in qualshyPolicy Committee to adjustsome floor Laothammatas presIdentofthe I hai ity prices in order to release rice from the RIce Exporters AssOciation said For this round many traders were governments stocks manytradersJomed thegovernments willing to join because it was transshy

If the prices are not satisfactory auction because demand was high in parent and open to small outfits It is the gOvernment will not be in a hurry the market He said the bids were hard for traders to conspire on bid to sell rice from its inventory as presshy quite high and the government rigging because of the high demand sure to do so has lessened because of should agree to sell rice to increase in the market Chookiat said a low supply in the market supply A rice-miller source said the bids

The ministry says it is still confishy The market price for rice is rising Were quite high Small traders may be dent it can reduce rice stockpiles and gradually because oflow supply in the unable to compete with largeplayers will continue holding auctions Itwill world market but they had to join the auction give the result of this auction to~ Chookiat Ophaswongse honorary because of the shortage of rice in the vice chairman of the Rice Policy presIdent of the assocIatlOn said it market

BANGKOK AUGUST 2014POST

DITPTN FOCUS by the DEPARTMENT OF INTERNATIONAL THADE PROMOTION

Connecting intelligence with intelligence DITP Connect is a mobile application developed by the Department of International Trade Promoshytio~-(DITP) that is installed and used on portable devices including smartp~Qnes and tablets The application can work on both iOS (Iphone iPad) and Android (SamsUng i-mobile HTe Sony Dell efc) operating systems The application gathers inforn1ation and the latest news from a database c~ntrolled by the DITP and the Office of Internashytional Trade pr-omotion Its aim is to give entrepreshyneurs easy access to information on trade between major trading countries Users can choose to receive specific product and market information as well as trade-related information such as notifica~

middot tion ot trade exhibitions training opportunites and middot trade promotion activities Users simply install DITP Connect on their smartphone or tablet and

- register for usage All the relevant and useful infor- middot mati on on trade is sent directly to the users mobile

dltvice instantly

~

Personclrze Your DIWo~0 Inlemc~cnol Trode gln_n~poundt InEllignnoo with

__1 a1DyenI

Benefits of DITPConnect 1 Entrepreneurspublic can accessor send requests

for specific relevant trade information scnt from the DITP that is accurate useful and beneficial and matches their needs

2 Can get feedback from entrepreneurs and information receivers from votes

3 DITP serves as an irnpOitant channel to promote its extensive infonnation resources

I 4 Entrepreneurspublic cari access statistical

data on which to base betteraod faster trade and investment decisions

5 Can receive real-tilTIe information and reliable alerts as information is sent direct to the users mobile phone or tablet

User Groups 1 Thai exporters investors and researchers

into international trade 2 Foreign buyers 3 DITP officers and HTA

Information obtained from DITP Connect I Highlights and activities

- Including information about major DITP activities

2 DLTP News ~ Important news from the DITP website

3 Market Reports - Information and news from the Office of

Inte~ationaJ Trade Promotion worldwide including market

data and product information 4 Export Statistics

- Thailands export statistics to different countries and related product infonnation

5 Website links from Thaitradecom 6 Website links from Thaitradefaircom

~

Experience the most Sanambinnam Office 44i lOO Nontilaburi l Road wwwditp~goth ad_vanced teo C tinolog~ for ~Muang Nonthaburi 11000 1) I - int~nationalyades In _Thailand DITP Call 1169 ~ I new form through Mobile Tel 0 2507 7999 Fax 0 25475657middot8 bull Application for the first time tL1t Hshy

THE NATION

FIRST AUCTION

Rice bids below ministrys TRADERS SAY THEY WEREHIGH ENOUGH floor prices

DESPITE STRONG MARKET DEMAND AMID TRANSPARENCY PETCHANET PRATRUANGKRAI THE NATION

SCORES of traders queued at the Commerce Ministry yesterday to join the first rice auction oftheyear but bid below the ministrys floor prices despite high demand during the off season and amid transparency in the bidding process

The working committee will need tOaSkthe bidders who offered the highshyest prices to raise their prices and will propose the results oftheauction to the

was a good time to release rice from the stockpiles but the government might have to accept low prices as

date from the chairman of the Rice Committee today Charoen some stocks had deteriorated in qualshyPolicy Committee to adjustsome floor Laothammatas presIdentofthe I hai ity prices in order to release rice from the RIce Exporters AssOciation said For this round many traders were governments stocks manytradersJomed thegovernments willing to join because it was transshy

If the prices are not satisfactory auction because demand was high in parent and open to small outfits It is the gOvernment will not be in a hurry the market He said the bids were hard for traders to conspire on bid to sell rice from its inventory as presshy quite high and the government rigging because of the high demand sure to do so has lessened because of should agree to sell rice to increase in the market Chookiat said a low supply in the market supply A rice-miller source said the bids

The ministry says it is still confishy The market price for rice is rising Were quite high Small traders may be dent it can reduce rice stockpiles and gradually because oflow supply in the unable to compete with largeplayers will continue holding auctions Itwill world market but they had to join the auction give the result of this auction to~ Chookiat Ophaswongse honorary because of the shortage of rice in the vice chairman of the Rice Policy presIdent of the assocIatlOn said it market

BANGKOK AUGUST 2014POST

DITPTN FOCUS by the DEPARTMENT OF INTERNATIONAL THADE PROMOTION

Connecting intelligence with intelligence DITP Connect is a mobile application developed by the Department of International Trade Promoshytio~-(DITP) that is installed and used on portable devices including smartp~Qnes and tablets The application can work on both iOS (Iphone iPad) and Android (SamsUng i-mobile HTe Sony Dell efc) operating systems The application gathers inforn1ation and the latest news from a database c~ntrolled by the DITP and the Office of Internashytional Trade pr-omotion Its aim is to give entrepreshyneurs easy access to information on trade between major trading countries Users can choose to receive specific product and market information as well as trade-related information such as notifica~

middot tion ot trade exhibitions training opportunites and middot trade promotion activities Users simply install DITP Connect on their smartphone or tablet and

- register for usage All the relevant and useful infor- middot mati on on trade is sent directly to the users mobile

dltvice instantly

~

Personclrze Your DIWo~0 Inlemc~cnol Trode gln_n~poundt InEllignnoo with

__1 a1DyenI

Benefits of DITPConnect 1 Entrepreneurspublic can accessor send requests

for specific relevant trade information scnt from the DITP that is accurate useful and beneficial and matches their needs

2 Can get feedback from entrepreneurs and information receivers from votes

3 DITP serves as an irnpOitant channel to promote its extensive infonnation resources

I 4 Entrepreneurspublic cari access statistical

data on which to base betteraod faster trade and investment decisions

5 Can receive real-tilTIe information and reliable alerts as information is sent direct to the users mobile phone or tablet

User Groups 1 Thai exporters investors and researchers

into international trade 2 Foreign buyers 3 DITP officers and HTA

Information obtained from DITP Connect I Highlights and activities

- Including information about major DITP activities

2 DLTP News ~ Important news from the DITP website

3 Market Reports - Information and news from the Office of

Inte~ationaJ Trade Promotion worldwide including market

data and product information 4 Export Statistics

- Thailands export statistics to different countries and related product infonnation

5 Website links from Thaitradecom 6 Website links from Thaitradefaircom

~

Experience the most Sanambinnam Office 44i lOO Nontilaburi l Road wwwditp~goth ad_vanced teo C tinolog~ for ~Muang Nonthaburi 11000 1) I - int~nationalyades In _Thailand DITP Call 1169 ~ I new form through Mobile Tel 0 2507 7999 Fax 0 25475657middot8 bull Application for the first time tL1t Hshy

BANGKOK AUGUST 2014POST

DITPTN FOCUS by the DEPARTMENT OF INTERNATIONAL THADE PROMOTION

Connecting intelligence with intelligence DITP Connect is a mobile application developed by the Department of International Trade Promoshytio~-(DITP) that is installed and used on portable devices including smartp~Qnes and tablets The application can work on both iOS (Iphone iPad) and Android (SamsUng i-mobile HTe Sony Dell efc) operating systems The application gathers inforn1ation and the latest news from a database c~ntrolled by the DITP and the Office of Internashytional Trade pr-omotion Its aim is to give entrepreshyneurs easy access to information on trade between major trading countries Users can choose to receive specific product and market information as well as trade-related information such as notifica~

middot tion ot trade exhibitions training opportunites and middot trade promotion activities Users simply install DITP Connect on their smartphone or tablet and

- register for usage All the relevant and useful infor- middot mati on on trade is sent directly to the users mobile

dltvice instantly

~

Personclrze Your DIWo~0 Inlemc~cnol Trode gln_n~poundt InEllignnoo with

__1 a1DyenI

Benefits of DITPConnect 1 Entrepreneurspublic can accessor send requests

for specific relevant trade information scnt from the DITP that is accurate useful and beneficial and matches their needs

2 Can get feedback from entrepreneurs and information receivers from votes

3 DITP serves as an irnpOitant channel to promote its extensive infonnation resources

I 4 Entrepreneurspublic cari access statistical

data on which to base betteraod faster trade and investment decisions

5 Can receive real-tilTIe information and reliable alerts as information is sent direct to the users mobile phone or tablet

User Groups 1 Thai exporters investors and researchers

into international trade 2 Foreign buyers 3 DITP officers and HTA

Information obtained from DITP Connect I Highlights and activities

- Including information about major DITP activities

2 DLTP News ~ Important news from the DITP website

3 Market Reports - Information and news from the Office of

Inte~ationaJ Trade Promotion worldwide including market

data and product information 4 Export Statistics

- Thailands export statistics to different countries and related product infonnation

5 Website links from Thaitradecom 6 Website links from Thaitradefaircom

~

Experience the most Sanambinnam Office 44i lOO Nontilaburi l Road wwwditp~goth ad_vanced teo C tinolog~ for ~Muang Nonthaburi 11000 1) I - int~nationalyades In _Thailand DITP Call 1169 ~ I new form through Mobile Tel 0 2507 7999 Fax 0 25475657middot8 bull Application for the first time tL1t Hshy

Consumer confidence index hits

II-month high PHUSADEE ARUNMAS time in 14 months

The army seized power on May 22 Since Consumer confidence rose for the third then the military government has made month in Tuly hining an II-month high as delayed payments to rice farmers and is people gained more confidence in political working to fast-track dormant spendshystability and an economic recovery in the ing plans foreseeable future It has approved urgent infrastructure

The University of the Thai Chamber of projects and accelerated the approval proshyCommerce (UTCC) yesterday reported the cess of major investment projects countrys consumer confidence index rose Consumer confidence hit its highest to 782 points from 751 in Tune and 707 in level since August 2013 boosted mainly May when the index advanced for the first by the 24-trillion-baht infrastructure

investment plan recently approved by of this year In the first quarter the economy conshythe National Council for Peace and Order Improving signs -ill become clearer tracted by 21 quarter-on -quarter and (NCPO) and the Fiscal Policy Offices particularly from September as more 06 year-on-year Second-quarter and growth forecast of 5 next year said Thashy money will be injected into the economy first-half GDP data vill be released on navath Phonvichai UTCes vice-president afterthe NCPO has endorsed the infrastruc- Aug 18 for research ture development plan he said

The economy has more positive signs

Other key contributing factors include With greater political stability peoples said Mr Thanavath export growth of 39 in June and the spending will recover which Jill help to Consumption is recovering well parshybahts gains drive economic growth to 3A in the third ticularly after the central banks Monetary

Mr Thimavath said confidence was quarter and 5-6 in the fourth quarter Poticy Comminee agreed to hold the policy expected to improve steadily with conshy For the full year growth of 2 to 25 is rate at 2 which Jill help to support the sumption the key driver in the second half achievable said Mr Thanavath purchase of new houses and cars

I~ ill H ~

ampTHE NATION AUGUST 2014e Consumer Confidence middotIndex hits ll-month high PETCHANET PRATRUANGKRAI THE NATION

ASTABILlSED political situation under the military junta is translating into a more positive consumer outlook with

the automotive property and tourism sectors benefiting and small and medium-sized enterPlises investing again

according to the latest survey by the University ofthe Thai bullChamber ofCOmmerce

bull The 0 ICC repOlted that the Consumer Confidence Index had improved continuously for three consecutive months from 751 points in June to 782 points last month the highest level in II months Confidence to purchase a j new car exceeded the 100-point baseline for the first time in eight months reaching the highest rale in 10 months at 1027 points

Other confidence indices particular those concerned with future outlooks also rose reflecting better consumer sentiment

Consumer confidence should continue to grow and help stimulate domestic spending and [consequently] i economic growth by 3-4 per cent in the third quarter of the year and 5-6 per cent in the fourth quarter said Thanavath Phonvichai director ofthe UTCCs Economic and Business Forecasting Centre As a result the econoshy my should post 22-per-cent growth for the whole year However he said the growth in gross domestic prodshymiddot uct vould be mainly driven by rising domestic consumpshy tion while exports would growslowly because the outlook for a global economic recovery remains unclear He preshy dieted Thai export growth of only 1 per cent this year Expenditureoncars houses travel and start-up investshyl ments has improved to its highest rate in more than 10 months the UTCC said middot The index on suitable timing for buying new homes middot surged from 704 points in June to 797 points in July People also see this as a suitable time to travel vvith that sub-index increasing from 753 to 784 while that measshyuring SMEs confidence in starting new investrrient improved from 623 points in June to 646 in July

The fact that these indices remained below the base of 100 means confidence in these areas remains weak but they still show a big improvement from previous months

Thanavath said that ifpolitics remained stability after theunelected National LegjslativeAssembly begjnsfuncshytioning and a new prime minister is in placeconsumers should gradually gain the confidence to spend more durshying the remaining months

Based on the UTCC survey of2242 respondents conshyfidence in employment opportunity rose from 681 points to 717 points last month while confidence in future incomes improved from 92 to 946 points

o CV CV Q ltf

611U nJ TLl aU~ U (7l a fl a ~Vl alJ jIIJ 1 ill~ tJ cJ3 eTHE NATION AUGUST 2014

FOURTH DIP IN AROW The FAD (Food and Agriculture

Organisation) Food Price Index aecreased for afourth consecutive month in July mainly due to asharp decllne In International prices for maize wheat and certain oilseeds reflecting ample su pplies for these c6mn1oditi~s

Based on thepricesof abasket of internationally traded food comshymodities thE index averaged 2039 points last month down 44 points (or 21 percent) from arevised value in June and 35 points (17 per cent) below the July 2D13leveL

The lingering decline of food prices since March reflects much better expectations over supplies in the current and forthcoming seashysons especially for cereals and oils a situation that is expected to faCilishytate rebuilding of world stocks said FAD senior ecqnomist Concepcin

Calpe

• 57-08-08 (ใบนำสง)
• 57-08-08 (กระทรวง)

ampTHE NATION AUGUST 2014e Consumer Confidence middotIndex hits ll-month high PETCHANET PRATRUANGKRAI THE NATION

ASTABILlSED political situation under the military junta is translating into a more positive consumer outlook with

the automotive property and tourism sectors benefiting and small and medium-sized enterPlises investing again

according to the latest survey by the University ofthe Thai bullChamber ofCOmmerce

bull The 0 ICC repOlted that the Consumer Confidence Index had improved continuously for three consecutive months from 751 points in June to 782 points last month the highest level in II months Confidence to purchase a j new car exceeded the 100-point baseline for the first time in eight months reaching the highest rale in 10 months at 1027 points

Other confidence indices particular those concerned with future outlooks also rose reflecting better consumer sentiment

Consumer confidence should continue to grow and help stimulate domestic spending and [consequently] i economic growth by 3-4 per cent in the third quarter of the year and 5-6 per cent in the fourth quarter said Thanavath Phonvichai director ofthe UTCCs Economic and Business Forecasting Centre As a result the econoshy my should post 22-per-cent growth for the whole year However he said the growth in gross domestic prodshymiddot uct vould be mainly driven by rising domestic consumpshy tion while exports would growslowly because the outlook for a global economic recovery remains unclear He preshy dieted Thai export growth of only 1 per cent this year Expenditureoncars houses travel and start-up investshyl ments has improved to its highest rate in more than 10 months the UTCC said middot The index on suitable timing for buying new homes middot surged from 704 points in June to 797 points in July People also see this as a suitable time to travel vvith that sub-index increasing from 753 to 784 while that measshyuring SMEs confidence in starting new investrrient improved from 623 points in June to 646 in July

The fact that these indices remained below the base of 100 means confidence in these areas remains weak but they still show a big improvement from previous months

Thanavath said that ifpolitics remained stability after theunelected National LegjslativeAssembly begjnsfuncshytioning and a new prime minister is in placeconsumers should gradually gain the confidence to spend more durshying the remaining months

Based on the UTCC survey of2242 respondents conshyfidence in employment opportunity rose from 681 points to 717 points last month while confidence in future incomes improved from 92 to 946 points

o CV CV Q ltf

611U nJ TLl aU~ U (7l a fl a ~Vl alJ jIIJ 1 ill~ tJ cJ3 eTHE NATION AUGUST 2014

FOURTH DIP IN AROW The FAD (Food and Agriculture

Organisation) Food Price Index aecreased for afourth consecutive month in July mainly due to asharp decllne In International prices for maize wheat and certain oilseeds reflecting ample su pplies for these c6mn1oditi~s

Based on thepricesof abasket of internationally traded food comshymodities thE index averaged 2039 points last month down 44 points (or 21 percent) from arevised value in June and 35 points (17 per cent) below the July 2D13leveL

The lingering decline of food prices since March reflects much better expectations over supplies in the current and forthcoming seashysons especially for cereals and oils a situation that is expected to faCilishytate rebuilding of world stocks said FAD senior ecqnomist Concepcin

Calpe

• 57-08-08 (ใบนำสง)
• 57-08-08 (กระทรวง)

o CV CV Q ltf

611U nJ TLl aU~ U (7l a fl a ~Vl alJ jIIJ 1 ill~ tJ cJ3 eTHE NATION AUGUST 2014

FOURTH DIP IN AROW The FAD (Food and Agriculture

Organisation) Food Price Index aecreased for afourth consecutive month in July mainly due to asharp decllne In International prices for maize wheat and certain oilseeds reflecting ample su pplies for these c6mn1oditi~s

Based on thepricesof abasket of internationally traded food comshymodities thE index averaged 2039 points last month down 44 points (or 21 percent) from arevised value in June and 35 points (17 per cent) below the July 2D13leveL

The lingering decline of food prices since March reflects much better expectations over supplies in the current and forthcoming seashysons especially for cereals and oils a situation that is expected to faCilishytate rebuilding of world stocks said FAD senior ecqnomist Concepcin

Calpe

• 57-08-08 (ใบนำสง)
• 57-08-08 (กระทรวง)