Sunday, February 7, 2010

eBay and Department of Industrial Promotion Boost Online Expansion for businesses in Northern Thailand Through E-Commerce Seminar and Workshop

eBay and the Department of Industrial Promotion (DIP) today announced the launch of an e-commerce seminar and workshop that will be held on December 17 and 18, 2009 at Far Eastern University Airport Campus in Chiang Mai, Thailand. Titled, “Expand Your Business - Explore World Markets in 2010 through eBay”, it is aimed at helping Thai businesses to take advantage of export opportunities available via the Internet.


Arthit Wuthikaro, Director-General, Department of Industrial Promotion said, “The Department of Industrial Promotion has been collaborating with eBay to provide e-commerce training programs in Bangkok and other neighbouring parts of Thailand. In Chiang Mai, there is a strong supply of beautiful Thai clothing, handicrafts and jewellery which are popular with buyers around the world. We hope that through this joint event with eBay, Chiang Mai manufacturers will learn more about the opportunities that e-commerce brings and expand their sales channels internationally through eBay.”

According to a 2008 survey on e-commerce in Thailand conducted by the National Statistics Office, fashion, jewelry and clothing were the most popular products sold online, accounting for 29.4% of all e-commerce in Thailand.

Oliver Hua, Chief Operating Officer, eBay Greater China and Southeast Asia added, “We have seen positive results since the partnership announcement between eBay and the DIP in February 2009. More than 250 Thai businesses participated in the training programs and have started selling internationally on eBay’s global online marketplace. With US$15 billion in sales generated in the third quarter of 2009 alone and 89 million active members worldwide, eBay presents Thai businesses with a new and innovative sales channel in today’s competitive environment.”

The “Expand Your Business - Explore World Markets in 2010 through eBay” seminar will cover topics such as the basics of starting an export business online, successful eBay strategies and useful business tips by certified eBay Education Specialists and an eBay top seller. For participants who are ready to start selling on eBay, there will also be a full-day, hands-on workshop and individual consultation sessions conducted by eBay experts.

For more information about the seminar and workshop or to register for the event, please log on to http://www.shopping.co.th/eBayDIP. For other enquiries, please call 02-204-7979, from 9:00 am to 5:00 pm.
The full training program schedule can be found as follows:
Thursday, 17 December 2009
Venue: Auditorium, Far Eastern University Airport Campus, Chiang Mai
9.00 am – 12.00 pm How to Start Your First Export Business Online

1.00 pm – 3.00 pm Expand Your Business, Explore World Markets in 2010 Through eBay

3.30 pm – 4.30 pm Tips on How to Grow Your Online Business by eBay PowerSellers
4.30 pm – 5.30 pm Q&As, In-depth Consultation by eBay Gurus
Friday, 18 December 2009
Venue: Computer Room 1240, Far Eastern University Airport Campus, Chiang Mai

9.00 am – 4.30 pm eBay Workshop: Registration, Product Listings, and other topics.
About eBay Inc.

Founded in 1995 in San Jose, Calif., eBay Inc. (NASDAQ:EBAY) connects millions of buyers and sellers globally on a daily basis through eBay, the world's largest online marketplace, and PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments. We also reach millions through specialized marketplaces such as StubHub, the world's largest ticket marketplace, and eBay Classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and our global portfolio of online brands, visit www.ebayinc.com.

Friday, January 29, 2010

Love Story Collection by Diamond Today For Valentine’s Special

Diamond Today, for today’s working women introduces ‘Love Story Collection’, an absolute unique gift to ignite the fire of love with splashes of valentine jewelry during the romantic occasion of Valentine’s special. The Love Story collection is now available on special deal to express your love throughout February 2010 at Diamond Today counters nationwide.


The ‘Diamond Today’s Love Story Collection’ is special designed to bring out the best of women enigmatic beauty with a delicate piece of finest valentine jewelry. Let your sweetheart know the feelings that is hidden deep within heart with stunning valentine jewelry including pendant, ring, earrings and more. Open her heart with the heart shaped pendant set in baguettes diamonds in the master craftsman. Besides the striking hearted shape pendant, the embellished ‘Key of Love’ in key design pendant is promised a dearest love symbolic. Express your love and seal it with heart symbol pendant set in 4-diamonds weigh 0.05 carats with 18K Italian necklace for only 7,500 Baht (regular price of 9,700 Baht). The matching earrings in heart shape weigh 0.11 carats which is priced for 9,700 Baht is offered. (regular price of 12,800 Baht).

Promise rings are also available in this Love Story collection. The 14-diamond cut love story rings are the romantic gesture that symbolizes commitment between two people- a couple rings for her and him is priced only 24,000 Baht (regular of 53,600 Baht).

The Diamond Today Love Story collection is now available at Diamond Today’s red powerful counters at leading department stores nationwide including Central Chidlom, Central Bangna, Central Ladprao, Central Pinklao, Central Rama II, Central Silom Complex, Central Rama III, Central Cheangwattana, Central World, The Mall Bangkapi, Robinson Ratchada, Robinson Sukhumvit, Central Haad Yai and Central Festival Phuket.

Sunday, January 17, 2010

THE OMEGA CONSTELLATION’S BRIGHTEST STAR

Every constellation in the universe has its brightest stars, and in OMEGA’s newly-redesigned Constellation line, nothing glitters more brilliantly than the unique and luxurious Constellation Baguette.


The Constellation Baguette has been created with a strong and vivid visual identity – its dial displays a dramatic supernova structure which emanates boldly from the diamond Constellation star on its mother-of-pearl background at 6 o’clock. The one-of-a-kind masterpiece glistens with 459 Top Wesselton diamonds totalling just over 30 carats.

The “invisible” mounting of the 146 baguette and trapeze diamonds on the dial means that no trace of the 18 Ct white gold used in the creation of its case can be seen between the precious stones.

The Constellation Baguette is not only an aesthetic wonder: it is driven by the OMEGA Co-Axial calibre 8421. OMEGA’s Co-Axial technology, introduced in 1999, has revolutionized the way fine mechanical watches are made. The movement’s Co-Axial escapement reduces the amount of sliding friction in the watch, virtually eliminating the need for lubrication, which means longer service intervals and greater precision over time. The Si 14 silicon balance spring adds resistance to shock and the effects of external disturbances.

Because the OMEGA Constellation Baguette is a one-of-a-kind horological masterpiece, every one of its 459 diamonds has been cut specifically for the watch. As a result, if one of the stones needs to be replaced or exchanged, the process can take longer than it would for a series-production watch. Any new diamond will have to be custom-prepared so that it matches the colour, clarity, cut and carat size of the stones around it. In fact, due to the absolutely unique nature of the Constellation Baguette, no standard replacement parts can be kept in stock – each one would have to be specially created for this extraordinary timepiece.

The OMEGA Constellation Baguette is the most elegant Constellation ever created and expresses the ultimate blend of elegant design and superior watchmaking.

Thursday, November 19, 2009

Thai bourse lists Jubilee on alternative market

Thailand’s Market for Alternative Investment (mai) will list and trade Jubilee Enterprise PCL on November 9, using JUBILE as its trading symbol, after raising funds of THB98 million (approx.USD2.93 million) to expand its business. It will be the ninth firm to list on mai this year, revealed Group Head, Issuer & Listing and mai President Chanitr Charnchainarong.


JUBILE manufactures and distributes jewelry and diamonds under the trademark “Jubilee Diamond” through department stores nationwide. Moreover, the company has distributes through its alliances, including leasing and credit card companies. JUBILE’s marketing strategies are to sell high-quality products and build customer confidence with diamond certificates from international institutes.

The firm has a total paid-up capital of THB170 million (approx. USD5.08 million), consisting of 135 million existing common shares and 35 million capital increase shares, with a par value of THB1.00 each. At its initial public offering (IPO) on October 26-28, the company raised THB98 million (approx.USD2.93 million), by offering 35 million shares to the general public at THB2.80 per share. The company also offered 5 million warrants for its directors and employees with a five-year maturity at no cost. The funds raised will be used for business expansion and as working capital. Capital Nomura Securities PCL was its financial advisor and underwriter.

The company’s P/E ratio at its IPO's price was at 10.94 times. This calculation was based on earnings per share calculated from the past 12 months of its operating performance (July 1, 2008-June 30, 2009) divided by number of shares after the IPO and shares from warrants that had been exercised, or a total of 175 shares.

JUBILE’s dividend policy is to pay not less than 60% of net profit after corporate tax and legal reserves. The company’s major shareholders are Mr. Viroj Pornprakit’s group, K-SME Holding Co., Ltd., and Mr. Prasert Boonmayam, who hold 60.00%, 8.82%, and 2.26%, respectively, of total shares after the IPO.

For more information about Jubilee Enterprise PCL, please see the company's prospectus at the Securities and Exchange Commission's website, www.sec.or.th ;

Thursday, November 12, 2009

LES MUST COLLECTION ARRIVES NEXT YEAR

       Richemont Luxury (Thailand) next year will offer Les Must timepieces, jewellery and leather accessories for men and women as part of Cartier's worldwide launch of a more affordable collection.
       "It's better to widen our customer base amid the gloomy economy. However, Cartier has no plan to focus much more on this segment. We will still concentrate on maintaining our image as a luxury brand," country manager Narumol Patra-thiranond said yesterday.
       Prices for Les Must jewellery start from Bt20,000 and for |watches from Bt100,000, while Cartier's jewellery and timepieces normally start from Bt50,000 and Bt250,000.
       Richemont is the exclusive importer for Cartier watches and jewellery.
       Narumol said the company was trying to maintain Cartier's sales this year above last year's level, but declined to disclose the brand's sales and growth target.
       Marie Rainero, assistant manager for watches at Richemont Asia Pacific, said Cartier recently introduced the Haute Horlogerie line for men and timepiece collectors. This is the first time that Cartier has developed its own movements.
       Cartier has been recognised as a jewellery and watch brand for women.
       Cartier timepiece movements are normally developed by its partners. From now on, movements of Cartier's collection for men will be developed and manufactured by the company. Its women's collection will still be developed by several partners.
       "As a world-leading timepiece manufacturer, it is our achievement to develop and make our own movements," she said.
       Narumol said Cartier would hold two events to introduce the new men's collection to selected guests this month.

Sunday, November 8, 2009

Zimbabwe escapes temporary sale ban

       Zimbabwe on Thursday evaded a temporary ban from a global scheme to ban trade on conflict diamonds despite calls for the country to be suspended over human rights abuses in its gem fields.
       A four-day Kimberley Process (KP)meeting handed Zimbabwe a June 2010 deadline to implement a work-plan, rejecting the scheme's own recommendation made four months ago that Harare face a six-month suspension.
       "Zimbabwe is not suspended as was proposed, a joint work plan was adopted by this plenary meeting," said outgoing KP chair and Namibian deputy mining minister Bernard Esau late Thursday.
       A KP reviewmission to Zimbabwe in July recommended a six-month suspension over human rights abuses alleged by the army against civilians in the eastern Marange diamond fields.
       But Esau, who visited the area in August, said the meeting had decided that Zimbabwe would instead have "until June 2010 to implement the work plan."
       "It was felt that we should give Zimbabwe the opportunity to address issues of compliance like removing the military from the Marange diamond fields," said Esau."If Zimbabwe is not compliant at the next review meeting in June 2010,the KP will have to think of other measures, but let us give them a chance."
       Civil society groups had demanded the suspension of Zimbabwe's international diamond trade, with KP investigators in July citing "unacceptable and horrific violence against civilians by au-thorities" in the eastern gem fields.
       "We fear the the KP plenary meeting might not take decisive steps about Zimbabwe," said Anne Dunnebacke from Global Witness, which wants Zimbabwe suspended from importing and exporting rough diamonds, ahead of the meeting.
       In a joint communique issued at the end of the Kimberley meeting, the 37 members in attendance welcomed "Zimbabwe's commitment to urgently start implementation of the joint work plan."
       The communique called on KP participants to ensure compliance with the system's certification scheme in Zimbabwe and to apply vigilance measures to contain illicit trade of Marange diamonds.
       "The work plan was adopted by all parties attending the plenary, including Zimbabwe," Esau said in the coastal town of Swakopmund, saying that Marange had seen some improvement with the fencing off of the diamond fields.
       The KP's working group chaired by the European Community would appoint a one or two-member team to work with Zimbabwe to implement the plan,he added.
       The meeting also resolved to assist Venezuela, which voluntarily withdrew last September, to implement reforms in order for the south American country to be re-admitted the KP process.
       "The Kimberley Process (KP) is assisting Venezuela in developing a plan of action to implement minimum standards to eventually fully re-integrate the country to the scheme ," said the communique.

Price rise could wipe out retailers

       The number of retail gold outlets is expected to plunge over the next five years,as continued high prices make it harder to stay afloat, while the growing popularity of paper transactions in the futures market saps demand for physical gold.
       "We are afraid that only 10% of the gold outlets now totalling about 6,000 can stay alive over the next five years,with the rest being forced to close as higher gold prices would lead people to sell the precious metal and nobody will be buying," said Jitti Tangsithpakdi, president of the Gold Traders Association.
       Mr Jitti and association members met yesterday with Commerce Ministry officials to discuss measures to help gold outlets stay afloat in a volatile market.
       Transactions by gold outlets have sunk by as much as 45% since the Thailand Futures Exchange (TFEX) introduced gold futures in February, he said.
       The value of gold futures contracts traded over the last two days on the TFEX has exceeded 4 billion baht.
       The exchange is promoting gold futures as a tool for general investors and the jewellery industry to hedge against price swings in gold bars.
       The recent fall in the oil market and high volatility in equities has drawn investors to the gold futures market.
       Retail gold outlets are set for a bigger threat next year when the TFEX reduces its contract size to 10 baht-weight (151.6 grammes) from 50 baht-weight.
       Smaller contracts would encourage more speculation, said Mr Jitti.
       In the first nine months of this year,Thailand imported 82 tonnes of gold,but exports rose to 178 tonnes, surpassing imports for the first time and signalling that Thai people were saving less.
       Last year, Thailand exported 130 tonnes of gold with imports of 240 tonnes.
       World gold prices are forecast to rise to US$1,120 per ounce this month and local prices could top 18,000 baht per one-baht weight based on the exchange rate, as gold remains an attractive hedge against a weakening dollar, he said.
       Gold in London was steady above $1,090 yesterday after closing at $1,088 on Thursday.
       Gold hit a record high of $1,097.25 on Wednesday after rallying $25 the day before on news that India had bought 200 tonnes from the IMF. Local retail prices hit a historic high yesterday of 17,200 baht per one-baht weight for 96.5%purity and 17,700 baht for ornaments,compared with 16,600 and 17,000 baht respectively on Monday.