KUALA LUMPUR, Aug 5 (Bernama) -- Thai entrepreneurs from various industries are heading to Kota Kinabalu and Kuching to seek for business collaboration and networking with Sabahan and Sarawakian entrepreneurs under the event called “Bridging Trade and Investment Relations between Thailand and East Malaysia (Sabah & Sarawak)”.  Jointly organized by the Office of Commercial Affairs - Kuala Lumpur (DITP-KL) under Department  of International Trade Promotion, Ministry of Commerce of Thailand, Federation of Sabah Industries (FSI) and Sarawak Business Federation (FBF), 2 events will be taking place consecutively; the first on 21^st August 2019 at Hilton Hotel Kota Kinabalu; and the second on 23^rd August 2019  at Pullman Kuching Hotel. Each event will be consisted of 2 important sessions including Trade Forum and Business Matching Activity.

Presided by H.E. Narong Sasitorn, Ambassador of Thailand to Malaysia, the Trade Forum under this auspicious event aims to portray the future outlook of Thai economy under the newly elected government and outline potential trade opportunities between Thailand and East Malaysia.   Chief Ministers of each state have been invited to deliver keynote address.   Speakers include Mr. Krit Kraichitti, Advisor of Thailand-Malaysia Business Council (TMBC) and Former Ambassador of Thailand to Malaysia; Datuk IR Chong Hon Len, President of Federation of Sabah Industries (FSI); Datuk Dr. Philip D I Ting, Deputy President of Sarawak Business Federation (SBF);  Mr. Kalin Sarasin, President of Thai Chamber of Commerce (TCC); Mr. Panitan Pawarolarnwitthaya, Committee member of the Federation of Thai Industries (FTI) and Chairman of Boutique Newcity Public Company Limited; and Mr. Prakhan Kordumrong, Executive Director of Office of Overseas Market Development, DITP. The forum will provide insights on arising business potentials and challenges which are beneficial to Sabah and Sarawak business owners.

H.E. Narong Sasitorn, Ambassador of Thailand to Malaysia emphasized, “Malaysia and Thailand have long-standing ties in terms of trade and investment. However, Thailand's trade with Malaysia is currently concentrated on the Peninsula especially in Klang Valley and Penang. With abundant resources, Sabah and Sarawak are among the states with the highest business potential to grow. I truly hope that this event will open up new business opportunities and partnerships between our two countries and bring our business communities even closer.”
 
To be conducted in the afternoon of each event, the Business Matching activity is the key enabler to enhance closer collaboration between private sectors from both sides. There will be 11 Thai companies participating in the business matching session who eager to meet with business leaders from Sabah and Sarawak; including 3 companies from Food Industry (UNIFIRM CO., LTD., TRADING APLUS CO., LTD., K NINE BUSINESS CO., LTD), 3 from Automotive Spare Parts (FIVE STAR AUTOPART CO., LTD., P.E.TECHNIC CO., LTD., TAC SIAM CO., LTD.), 1 Bathroom and Kitchen Cabinet (SIAM HOUSE & HOME CO., LTD., 1 Architectural Design Services (DESIGN 103 INTERNATIONAL LTD.), 1 Security Lock and Hardware (SOLEX INTERNATIONAL (THAILAND) CO., LTD.), 1 Ice Machine for Factory (PATKOL PUBLIC CO., LTD.) and 1 Rubber Pressing Machine (A.R.C. INDUSTRY CO., LTD.).  
 
Ms. Patcha Wutipan, Minister Counsellor (Commercial) said that “This event is a great opportunity for Thailand, Sabah and Sarawak entrepreneurs to build up networks.  We are expecting to grow two-way trade and explore investment opportunity in Sabah and Sarawak.  However, there are also a few challenges that we have to overcome particularly lack of knowledge of each other as well as high logistics and transportation costs in order to expand trade volume either export or import.  There are several industries that Thailand has competitive advantages including agro-industry, food and beverage, automotive industry, refrigeration and air-conditioning, tourism-related and creative service industry. These are the potential areas that Thailand, Sabah and Sarawak could start building up business collaborations.”  
 
Attended also in this event, there will be CEO from Bangkok Bank Berhad, Managing Director of SCG International – a leading international trading company specialized in building materials, steel, chemicals and industrial products, Executive Vice President (Upstream and Gas Business Group Planning), PTT Public Company Limited,  Senior Vice President from Charoen Pokphand Foods Malaysia – a subsidiary of  Charoen Pokphand Group in Thailand, Asia's leading globally-committed conglomerate on Agri business-Production and Processing and Service-Telecommunications, Logistics and Retailing.
 
Sabah and Sarawak businesses are encouraged to register for the event by scanning below QR codes 




For further information and inquiry, please contact the followings:
Trade forum and Business Matching:   enquiry.thaitrade@gmail.com
Facebook :     https://www.facebook.com/thinkthailandmy
  
About DITP
The Department of International Trade Promotion (DITP) is the Thai Ministry of Commerce’s foremost agency dedicated to the rapid and sustained expansion of international trade for both domestic achievement and global benefit. Over the last 40 years the DITP has facilitated countless multi-million-dollar trade deals, both governmental and private, to the satisfaction of international investors and entrepreneurs worldwide. And as a whole new dimension unfolds with the launch of the ASEAN Economic Community (AEC) in 2015, the DITP is ready to guide you in taking advantage of the almost unlimited possibilities presented by a free-trade system in a single market bloc of 600 million consumers. The DITP, with its vast and varied database of manufacturers, exporters and service providers in Thailand and overseas, is ready to respond directly and promptly to all requests from international entrepreneurs for any kind of product or service. Through the DITP, you will be matched with an ideal partner in order to form a business partnership that is both mutually beneficial and progressive.

Source: Royal Thai Embassy

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Ang
Office of Commercial Affairs
Royal Thai Embassy
Tel: +603-2142 4601, +603-2145 8545
Email: enquiry@thaitrade.my

--BERNAMA