INBRIEF
Thai shrimp: Duty reductions boost exports to EU countries
Thai shrimp exports to European Union countries totalled 11,686 tonnes in 2005, up 46 per cent from 8,001 tonnes in 2004, because of an EU decision to make import duties on Thai shrimp products comparable to those for other shrimp-producing countries.
Thai Shrimp Association president Somsak Paneetatyasai said the EU's import duties on Thai shrimp are now 4.2 per cent for raw products and 7 per cent for cooked and prepared products, comparable to those for Vietnam, Indonesia and India.In the five months from August to December last year, Thailand's shrimp exports to the EU grew by 73 per cent, from 4,233 tonnes to 7,343 tonnes. In 2006, it is expected that the export volume could increase by more than 150 per cent to 30,000 tonnes. Somsak said the EU requires high quality shrimp, which Thailand is able to provide giving it a competitive advantage. Condo sales: LPN posts good first quarter Property developer LPN Development Plc sold 1,032 condominium units worth Bt1.9 billion in the first quarter of this year, according to its managing director Opas Sripayak. He said 25 per cent of sales came from projects that opened last year and 75 per cent from its Lumpini project on Phaholyothin Road in Bangkok. Interhides: Leather firm to boost capacity Interhides Plc expects sales growth of 35 per cent this year, following last year's total revenue of Bt1 billion, according to executive director and chairman Ongart Thumrongsakunvong. The firm makes car-seat leather made from cow and buffalo hides. Its new plant will be complete later this year, doubling production capacity to 2.6 million square metres. Home Buyers' Fair: Realty World offers discounts Realty World Alliance Co Ltd is offering discounts of up to Bt35,000 to anyone who signs up for a new home at the Home Buyer Guide Fair 2006 being held on Friday and Saturday at the Impact Arena, Muang Thong Thani.
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