Thai Airways International Public Company Limited launches ‘THAI ValuePlus Card’, a prepaid airfare card to a more affordable journey of faith to cultural travel and pilgrimages to Buddhist landmarks across Asia. The THAI ValuePlus Card offers the traveling to many faith destinations across Asia includes the Republic of China – Hong Kong, Taiwan, Myanmar, Indonesia, Sri Lanka, Korea, Japan as well as the site of the Buddha’s enlightenment in India and Nepal. The launching event is held at Fashion Gallery, Siam Paragon.
Ms.Ratanawalee Loharjun, THAI’s Director of Brand Management and Commercial Communications Department said ‘the world is now chaotic where more and more people are seeking peace and finding out how to lessen the tense. In view of peak period for faith journey, THAI is proud to be the national carrier of Thailand for passenger satisfaction and trust to variety faith routes. In addition, throughout our business alliances and supports, the passengers will earn an extra convenience to various faith destinations.’
Mr.Krittaphon Chantalitanon, THAI’s Director Area Thailand, Indo-China & The Union of Myanmar said ‘in order to serve traveling demands of the faith market, THAI increases the non-stop flights to Varanasi and Bodhgaya in India to seven flights/ per week, effective since October 25, 2009. In addition, the increasing frequencies to other routes in winter schedule have also been added.’
Today, THAI introduces THAI ValuePlus Card, the more affordable way to reach to wisdom and peace. Passengers can fly to the spiritual journey in nine countries across Asia includes the Republic of China – Hong Kong, Taiwan, Myanmar, Indonesia, Sri Lanka, Korea, Japan to the site of the Buddha’s enlightenment in India and Nepal. The THAI ValuePlus Card is priced from 9,000 Baht (inclusive of airport tax and charges). The card is available in a package of 2 cards.
Economy class
Bangkok-Colombo, Taipei, Yangon, Hong Kong at 9,000 Baht net / per card
Bangkok- Jakarta, Shanghai, Denpasar at 12,900 Baht net / per card
Bangkok- Seoul, Tokyo, Busan, Osaka at 15,900 Baht net / per card
Bangkok- Gaya, Kathmandu, Delhi, Varanasi at 20,000 Baht net / per card
In addition, there is a bonus coupon of 1,500 Royal Orchid Plus Miles per pack for route Bangkok- Colombo/ Taipei/ Yangon/ Hong Kong/ Jakarta/ Shanghai/ Denpasar. There is a bonus coupon of 2,000 Royal Orchid Plus Miles per pack for route Bangkok – Seoul/ Tokyo/ Busan/ Osaka. For the route to Gaya/ Kathmandu/ Delhi/ Varanasi, passengers are qualified to earn miles in offering distance as Royal Orchid Plus members. For more information, please contact at Tel 0-2356-1111 or visit website www.thaiairways.com / www.thaiairways.co.th.
The launching event also invites guest celebrities to share their experience on the faith journey including Ajarn Paothong Thongchua, a guru on fine arts and archaeological consultant; Ms.Siriluck Maithai, Executive Director of Emporium Shopping Complex, Ms.Saithip Montrikul Na Ayudhaya, Managing Director of A-Time Traveller and Ms. Arunosha Bhanupan, Producer of Broadcast Thai Television.
Ajarn Paothong Thongchua, a guru on fine arts and archaeological consultant said ‘faith is untouchable. Having faith in yourself is a ticket to success. In life something we do either succeed or fail; however, if there is a faith in yourself, it will push you forward and start to try again until the goal is reached.’
Ms.Siriluck Maithai, Executive Director of Emporium Shopping Complex said ‘faith is more than belief, it is the powerful strength. Faith means trusting in something external. It is considered to imply that there is a being or power which create life practicing and shape our destiny. If we understand the Buddha Dharma, faith becomes more intense. It will motivate us to ground our lives in true morality. It is not merely an appreciation of the ideal but a desire to move towards it.’
Ms.Arunosha Bhanupan, Producer of Broadcast Thai Television said ‘strong faith will purify mind and lead to happiness life. People are of varying natures and types, have different demands and passions. Buddhist faith develops through the cultivation of wisdom and deeper understanding of a life that is born with nothing.’
Travel with THAI Value Plus Card to the journey of faith. For more information, visit website www.thaiairways.com / www.thaiairways.co.th.
Friday, November 20, 2009
Thursday, November 12, 2009
Northrop Grumman unloads government consulting unit
Northrop Grumman agreed on Sunday to sell its TASC government consulting unit to the private equity firms Kohlberg Kravis Roberts and General Atlantic for $1.65 billion in cash, in another sign that private equity firms are back to their core business of deal-making.
The sale follows last year's deal by the Carlyle Group for Booz Allen Hamilton's government consulting business.
Northrop began talking about selling TASC, which provides technology con-sulting services, several months ago to satisfy stricter requirements on conflicts of interest facing military contractors,according to a person briefed on the matter. These companies cannot provide consulting services to the government while also trying to sell it products.
Northrop's options included arranging an initial public offering of the unit,selling it to a strategic buyer or striking a deal with private equity firms.
Of those, the last option emerged as the most attractive, allowing TASC to reap additional investment for expansion and for holding onto its management team, led by Wood Parker, the business'general manager and prospective chief executive.
"This transaction is in the best interest of Northrop Grumman's customers, employees and shareholders," Ronald D.Sugar, Northrop's chairman and chief executive, said in a statement."It reflects Northrop Grumman's desire to align quickly with the government's new organisational conflict of interest standards,while preserving TASC's unique organisational culture and its status as the advisory services employer of choice."
Based in Chantilly, Virginia, TASC has about 5,000 employees. Northrop said the unit expected to earn about $1.6 billion in revenue this year.
Northrop said it expected to reap about $1.1 billion of net cash proceeds through the sale. It will use that money to buy back stock.
The deal is expected to close by the end of the year.
Several other big private equity firms have announced leveraged buyouts over the last month, including the Blackstone Group's purchase of Anheuser-Busch InBev's theme parks and TPG and Canada Pension Plan Investment Board's acquisition of IMS Health.
With the improvement of the credit markets over the last year, private equity firms have been able to put their billions of dollars in capital to use. Their investors,who had previously been reluctant to provide the money for new takeovers,are now pressing for more deal-making to see better returns on their capital.
However, even the largest leveraged buyout this year, the $4 billion takeover of IMS, was dwarfed by the sweeping takeovers of TXU and Equity Office Properties in 2007. That is partially because private equity firms can borrow less debt for their deals.
KKR and General Atlantic will receive financing from Barclays Capital,Deutsche Bank and RBC Capital Markets and the Canadian Pension Plan Investment Board.
Sunday's deal demonstrated some of KKR's efforts to expand its business and become less reliant on outside banks for help. Its KKR Capital Markets unit will arrange a sale of bonds supporting the transaction, having already lined up Highbridge Mezzanine Partners, a unit of Highbridge Capital Management, as the lead investor.
The sale follows last year's deal by the Carlyle Group for Booz Allen Hamilton's government consulting business.
Northrop began talking about selling TASC, which provides technology con-sulting services, several months ago to satisfy stricter requirements on conflicts of interest facing military contractors,according to a person briefed on the matter. These companies cannot provide consulting services to the government while also trying to sell it products.
Northrop's options included arranging an initial public offering of the unit,selling it to a strategic buyer or striking a deal with private equity firms.
Of those, the last option emerged as the most attractive, allowing TASC to reap additional investment for expansion and for holding onto its management team, led by Wood Parker, the business'general manager and prospective chief executive.
"This transaction is in the best interest of Northrop Grumman's customers, employees and shareholders," Ronald D.Sugar, Northrop's chairman and chief executive, said in a statement."It reflects Northrop Grumman's desire to align quickly with the government's new organisational conflict of interest standards,while preserving TASC's unique organisational culture and its status as the advisory services employer of choice."
Based in Chantilly, Virginia, TASC has about 5,000 employees. Northrop said the unit expected to earn about $1.6 billion in revenue this year.
Northrop said it expected to reap about $1.1 billion of net cash proceeds through the sale. It will use that money to buy back stock.
The deal is expected to close by the end of the year.
Several other big private equity firms have announced leveraged buyouts over the last month, including the Blackstone Group's purchase of Anheuser-Busch InBev's theme parks and TPG and Canada Pension Plan Investment Board's acquisition of IMS Health.
With the improvement of the credit markets over the last year, private equity firms have been able to put their billions of dollars in capital to use. Their investors,who had previously been reluctant to provide the money for new takeovers,are now pressing for more deal-making to see better returns on their capital.
However, even the largest leveraged buyout this year, the $4 billion takeover of IMS, was dwarfed by the sweeping takeovers of TXU and Equity Office Properties in 2007. That is partially because private equity firms can borrow less debt for their deals.
KKR and General Atlantic will receive financing from Barclays Capital,Deutsche Bank and RBC Capital Markets and the Canadian Pension Plan Investment Board.
Sunday's deal demonstrated some of KKR's efforts to expand its business and become less reliant on outside banks for help. Its KKR Capital Markets unit will arrange a sale of bonds supporting the transaction, having already lined up Highbridge Mezzanine Partners, a unit of Highbridge Capital Management, as the lead investor.
Wednesday, November 4, 2009
INDEX CREATIVE IN WORLD EXPO TOUR VENTURE
Event-organiser Index Creative Village has joined hands with Total Reservation and travel agency Starbridge to be the ticket sales agent and organiser of World Expo Tour, aiming at generating revenue of more than Bt100 million next year.
This is part of the company's Spider Web Strategy, targeted at extending its event-organiser business to other areas.
Index co-chief executive officer Kreingkrai Kanjanapokin yesterday said it had set up joint ventures with Total Reservation, the ticket-sales firm under Impact Exhibition Management, and with Starbridge. The investment proportion of each JV is 50:50.
Index won the bidding to create the Thai Pavilion at the World Expositin Shanghai China 2010, or World Expo, the world's biggest exhibition featuring the latest architecture, arts and technology of each participating country.
The expo will be held from May 1 to October 31 next year. The Thai Pavilion is being constructed onsite in shanghai at a cost of Bt600 million.
"This World Expo is the biggest one in term of investment size and countries taking part, as well as the closest venue to date for Thai people wishing to experience the world phenomenon. I, as one of the World Expo gurus who have a passion for the event, think this is a good time to organise a tour and sell tickets for Thai people and open the opportunity for them to experience the expo," Kreingkrai said.
The Chinese government and attending countries are investing a combined Bt1 trillion to build facilities for the expo and create pavilions, he added.
He said Total Reservation had been authorised as the sales agent for the World Expo in Thailand. It plans to start selling tickets next month. Index and Total Reservation expect to sell Bt25 million worth of tickets for the event.
Meanwhile, Starbridge - the other partner in the venture - will organise the Fast Track World Expo Shanghai Tour during the exhibition. Index and Starbridge hope to generate revenue of Bt80 million from this activity.
Kreingkrai said Index aimed firstly to target corporate clients and others interested in experiencing the latest architecture from several countries.
"This is not the first time Index has entered the tour business. We used to organise small group tours with people to the World Expo many times in the past. But this is the first time that we have joined hands with tour-agency and ticket-agency experts. This is a project in our Spider Web Strategy, aiming at extending our operations to other businesses. We expect to have more projects under this strategy next year," he said.
The World Expo 2010 covers 3,300 rai in Shanghai, equivalent to 489 football fields. Exhibitors from 166 countries will be taking part, creating 230 pavilions.
The Chinese government expects 70 million people to attend, generating Bt70 billion from ticket sales.
This is part of the company's Spider Web Strategy, targeted at extending its event-organiser business to other areas.
Index co-chief executive officer Kreingkrai Kanjanapokin yesterday said it had set up joint ventures with Total Reservation, the ticket-sales firm under Impact Exhibition Management, and with Starbridge. The investment proportion of each JV is 50:50.
Index won the bidding to create the Thai Pavilion at the World Expositin Shanghai China 2010, or World Expo, the world's biggest exhibition featuring the latest architecture, arts and technology of each participating country.
The expo will be held from May 1 to October 31 next year. The Thai Pavilion is being constructed onsite in shanghai at a cost of Bt600 million.
"This World Expo is the biggest one in term of investment size and countries taking part, as well as the closest venue to date for Thai people wishing to experience the world phenomenon. I, as one of the World Expo gurus who have a passion for the event, think this is a good time to organise a tour and sell tickets for Thai people and open the opportunity for them to experience the expo," Kreingkrai said.
The Chinese government and attending countries are investing a combined Bt1 trillion to build facilities for the expo and create pavilions, he added.
He said Total Reservation had been authorised as the sales agent for the World Expo in Thailand. It plans to start selling tickets next month. Index and Total Reservation expect to sell Bt25 million worth of tickets for the event.
Meanwhile, Starbridge - the other partner in the venture - will organise the Fast Track World Expo Shanghai Tour during the exhibition. Index and Starbridge hope to generate revenue of Bt80 million from this activity.
Kreingkrai said Index aimed firstly to target corporate clients and others interested in experiencing the latest architecture from several countries.
"This is not the first time Index has entered the tour business. We used to organise small group tours with people to the World Expo many times in the past. But this is the first time that we have joined hands with tour-agency and ticket-agency experts. This is a project in our Spider Web Strategy, aiming at extending our operations to other businesses. We expect to have more projects under this strategy next year," he said.
The World Expo 2010 covers 3,300 rai in Shanghai, equivalent to 489 football fields. Exhibitors from 166 countries will be taking part, creating 230 pavilions.
The Chinese government expects 70 million people to attend, generating Bt70 billion from ticket sales.
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