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gift market Q4 growth of 3-5% expected

The Thai Gifts, Premiums and Decorative Association believes the Thai gift and premium market will increase by 3-5 per cent year on year in the fourth quarter, for a total export value of Bt20 billion, said president Jirabool Vittayasing.

Published on September 12, 2007



The US is the main market, with 40 per cent of total export value, followed by Japan (14 per cent), the UK (12 per cent) and other markets in Asia and Europe (44 per cent).

The association suggested that in addition to shifting their focus to direct sales, Thai entrepreneurs should try to maintain their old customer base of the US, Japan and the UK while exploring potential new markets in Asia and Africa.

It also believes that Bangkok International Gift Fair & Bangkok International Houseware Fair (BIG & BIH) 2007 next month will boost the fourth quarter's export volume of gifts and premiums 5-10 per cent.

BIG & BIH 2007 will be held from October 16-21 in the Challenger Hall of Muang Thong Thani's Impact Convention and Exhibition Centre.

New biogas engine for mill

Natural Palm Oil in the South has installed a third Jenbacher biogas engine at its mills, using biogas created from the anaerobic digestion of palm-oil waste material.

The engines are made by GE Energy.

The project ties in with the Kingdom's efforts to increase renewable-energy production from one per cent of the nation's total electricity supply now to 8 per cent by 2011. This support includes specific feed-in tariffs to make biogas applications more economically feasible for developers, making the return on investments more predictable and thus making it easier to calculate additional income from the plants.

The Nation


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