Bangkok--Jul 12--SET
SET and KPMG Group Co-Host Thailand’s First Community Outreach Project Competition, Seeking Thailand’s Representative to Participate in 2005 SIFE World Cup in Canada
The SET, KPMG Phoomchai Holdings Co., Ltd., and five more organizations will jointly host the ‘2005 SIFE (“Students in Free Enterprise”) Thailand National Competition’. This will be Thailand’s first competition centered around community outreach projects for students at the tertiary level. Four leading universities -- Assumption University, Chulalongkorn University, King Mongkut’s Institute of Technology Latkrabang, and Thammasat University --will present their plans on July 12, at the SET’s Prof. Sangvian Indaravijaya Auditorium. Interested persons are encouraged to attend the presentation without charge.
The President of The Stock Exchange of Thailand (SET), Mr. Kittiratt Na-Ranong, announced that the SET would be the principal sponsor for the 2005 SIFE Thailand National Competition, held to allow tertiary students to present their projects on developing entrepreneurship in communities which are still short of academic and capital resources.
“The SIFE competition will help the students develop their potential as well as benefit communities directly,” Mr. Kittiratt said.
The 2005 SIFE Thailand National Competition will be held for the first time with support from SIFE Thailand, which was set up by KPMG Phoomchai Holdings, which is also the core supporter for SIFE in Thailand. SIFE is a global non-profit organization, with over 1,800 universities in 40 countries in its network.
The 2005 SIFE Thailand National Competition will provide an opportunity for participating teams of students to advise local businesses in implementing programs that will create economic hope and possibilities. In the meantime, the competition will allow them to apply what they’ve learned in the classroom to the real world. Knowledge to be utilized in this competition includes the students’ understanding of market economics, entrepreneurship, finance and business ethics. The textbook principles will be incorporated into a project plan which will outline the various stages of the projects. The stages and issues which will be covered in the plans include research & development, business start-up, accounting, marketing, budgeting and funding issues for a business.
During the implementation period, participating teams will seek funding to support their projects as well as start their fieldwork. The teams have to complete the project within a specified period of time, but may seek additional advice from experts at any time. They will also have to assess the project and present the final results to the judges on the competition date of July 12.
Prof. Chai-anan Samudavanija, Ph.D., Chairman of SIFE Thailand said: “Participants will gain valuable experience from this program. They will learn how to work as a team, and how to incorporate what they have learned in the classroom to the real world. The winning team from the 2005 SIFE Thailand National Competition will represent Thailand in the 2005 SIFE World Cup and compete with contestants from 40 other countries from around the world in Toronto, Canada, from October 5 — 7, 2005. This is a great opportunity for Thai youth to represent and bring pride to the country.”
In addition to the main sponsors of this event, the SET and KPMG Phoomchai Holdings, there are other contributing organizations, including HSBC Bank, Kasikornbank Pcl., Oishi Group, Kriengpat Co. Ltd., and the Coca-Cola (Thailand) Limited.
People interested in watching this exciting competition may attend the presentations without charge on July 12, at the Prof. Sangvian Indaravijaya Auditorium, 3rd Floor of the SET Building. For reservations, please call 0-2677-2963.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.