Bandkok Business Brief Magazine - November 2012
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Bangkok Business Brief Magazine – Publication Information ...

Bangkok Business Brief Magazine – Publication Information

Magazine – Thailand business news and organization & event updates
Circulation – 10,000 copies
Distribution – Bangkok & the Eastern Seaboard

Bangkok Business Brief Magazine - November 2012


Overview

The Bangkok Business Brief is a monthly business news magazine and daily website with domestic and regional business news articles aggregated from a variety of news agencies. Short synopses of articles are displayed online, though should the reader wish to view the full versions of the news stories, short URLs are included for easy navigation to the original sources’ story pages.

Each month, the printed stories are decided from the most popular online stories, as measured by analytics for Bangkok Business Brief’s website, and are again presented with short URLs and QR codes to take readers to the original articles in their entirety and to other related news, categorized into 12 areas of business interest.

The monthly circulation of 10,000 copies is highly targeted towards top- to mid-level managers and executives.


Print & Online News Categories

The news categories featured in both the Bangkok Business Brief monthly print version and the daily news website represent all sectors relevant to all business readers. Executives have the ability to quickly review the subjects pertinent to the industries in which they are employed or need to be informed about.

Circulation Information

The circulation of 10,000 copies incorporates direct mailing to mid-level to chief executive business people,including Chamber of Commerce members in Bangkok, the Eastern Seaboard, and around Thailand, as well as strategic, targeted placement in the business centres and executive lounges of Bangkok’s leading 4-5 star hotels’, business and social clubs in Bangkok,
and along with food delivery service orders.

With readership of the publication being in companies and hotels, the ‘pass on’ rate is estimated to be between 2.5 and 4 times each copy, and thus, the readership has been determined to be between 25,000 - 45,000 each month.

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Bandkok Business Brief Magazine - November 2012 Document Transcript

  • 1. BANGKOK BUSINESS BRIEFVol. No. 1, Issue No. 12 Mid-November/Mid-December 2012 Read new business briefs everyday at www.BBBrief.comThe Life of Pi MA: We’re putting out a report about Thailand, Taiwan, China, Korea, India, Singapore, Vietnam, last December... it’s very draconian. If I didn’t have partners outside the country, I don’t know if I could re-By Alan Verstein Philippines, the whole basic region. establish anything anymore. Gee, ifMartin Armstrong is the former boom-bust cycles occur exactly every What’s interesting is that what I cre- you send $5,000 outside the coun-chairman of Princeton Economics 8.6 years (or 3,141 days, which is the ated with the computer, by putting try, you might be hiding something.International Ltd. He is known for number pi times one thousand). He everything together and having the Well, maybe I’m paying a bill. We’rehis economic predictions based on his famously predicted the crash of 1987 computer do things consistently, so going look to see if you paid taxes onown ‘Economic Confidence Model,’ to the day. In 1999, the US Securities that it’s not one person’s opinion be- that. It’s just getting really crazy. Andwhich is based on historical business and Exchange Commission indicted cause everybody has an opinion. you’re really bringing the ‘velocity ofcycles and pi. His theory predicts that him for fraud. He was then charged money’ down internationally. with civil contempt by the government It can only be as good as what our and spent over seven years in prison experiences are, that’s about it, but BBB: How does the velocity of Inside for failing to surrender various assets when you start putting together money enter the equation for what General Interest 2 thought to be purchased with moneyeverything and you’re correlating, you see for Asia? Finance/Investment 3 from the investment in question. He what’s strikingly different, is that eventually plead guilty to one count even if you look for the little subtle MA: The velocity’s been increas- Government/Economy 4 of conspiracy and served 4.5 yearsthings, like the credit rating agencies ing over here [in Asia] quite dra- Production 5 of a 5-year sentence. His website is upgrading Korea and upgrading the matically. I think everyone is just Retail/Services 6 http://armstrongeconomics.com. Philippines, you go to Europe and focused primarily on the United Tourism 8 they downgrade everything. Every- States and Europe, especially. And IT/Comms 10 thing is shifting and you can see it they’re overlooking what’s happen- Real Estate 12 BBB: Where does Asia stand to- in the States. It’s getting really, re- ing in Asia. Forty percent of China’s The Chambers 14 day? Are we at the beginning, the ally bad that they’re so concerned imports are coming from the rest of The Calendar 22 middle or the end? about every dime. They passed laws Story continues on Page 19 www.juslaws.com Looking to setup a new company but don’t know where to start? • Thai Limited Company • Formation of a Foreign Company – Amity Treaty Company – FTA-Thai Australia Company – JTPEA Thai Japanese Company – Foreign Business Act free consultation Bangkok Office: 1104/157 Noble Cube, Pattanakarn Road Tel: (66) 02.187.2640 - 1 • Email: Bangkok@juslaws.com Phuket Office: The Royal Place, 96/14 Chalermprakiet Ror.9 Rd Tel: (66) 076.304.353 – 5 • Email: Phuket@juslaws.com
  • 2. 2 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFGeneral Interest of perceived fraud issues, compared Expat wealth The jobs time bomb with 27 per cent globally. This con- heads to Asia Fraud risks in the Asia-Pacific re- trasts with Chinese companies, of... gion remain above the global aver- Full story at http://goo.gl/Q19AY “Explore the city and get to know age, according to the 2012-13 Kroll http://goo.gl/ozbNM the public transportation routes, Advisory Solutions’ “Global Fraud Asia at core of this will help you converse with oth- Report” released in Singapore. OfFraud risk high in Liverpool FC’s er expats and find your way around Asian companies surveyed, IndiaAsia, survey finds marketing plan the city.” It’s the description of Thai- showed the highest number of com- land in the eyes of expats covered panies affected by fraud at 68 perFraud risks in the Asia-Pacific re- Liverpool FC is focusing its market- in HSBC’s Expat Explorer Survey, cent, followed by China and Indo-gion remain above the global aver- ing strategy on Asia, and Thailand is which ranks Thailand the third in nesia, which each saw 65 per cent ofage, according to the 2012-13 Kroll considered an important market in the economics league table. The firms affected in the past year, com-Advisory Solutions’ “Global Fraud the region thanks to its economic global survey ranks countries on a pared with the global average of 61Report” released in Singapore. Of growth and the popularity of soccer number of factors such as earning per cent, according to the report.Asian companies surveyed, India in the Kingdom, with a strong base levels, disposable income and abilityshowed the highest number of com- of Liverpool supporters. Liverpool to accumulate luxuries. While Sin- “This year’s Global Fraud Reportpanies affected by fraud at 68 per FC plans a trip to Asia next year af- gapore tops the chart, Hong Kong provides some encouraging indica-cent, followed by China and Indo- ter the end of the soccer season, and came the fourth, China 7th and tors on the evolving fraud landscapenesia, which each saw 65 per cent of hopes to visit Thailand, Indonesia Vietnam 10th. in Asia-Pacific compared with lastfirms affected in the past year, com- and Hong Kong. year, but we also note that compla-pared with the global average of 61 Key findings in the survey are: • Sin- cency looks to be developing amongper cent, according to the report. Jonathan Kane, director of inter- gapore is home to wealthiest expats Asian businesses on the very seri- national business development for • Over half (55 per cent) of expats in ous fraud risks they face,” said Ta-Indonesian companies are increas- Liverpool FC and Athletic Grounds, Hong Kong earn over US$150,000 dashi Kageyama, senior managingingly looking to move on to the said Asia was considered a strong versus 17 per cent globally • Two director of Kroll Advisory Solu-global stage, in particular with in- support base for the club. It will fo- thirds (60 per cent) of expats moved tions, Asia. In Southeast Asia, thevestments in Asia and Africa, but 35 cus its marketing strategies to draw to China for job opportunities. Asia global fraud survey revealed notableper cent of Indonesian companies more support from the region for its has come to the fore as a leading trends in Indonesia, one of the fast-said they had put off investment in three main sources of income:... destination for expat earning... est-developing markets in Asia...at least one foreign market because Full story at http://goo.gl/6kQrQ Full story at http://goo.gl/kM7cO Full story at http://goo.gl/UTpNv MBMG Group is a multi-award-winning professional research and advisory practice that provides a full spectrum of investment, insurance, financial and legal services for individuals, corporations and institutions throughout Asia. Founded in Thailand in 1996, MBMG Group has since established a reputation for providing sound, intelligent and impartial advice to clients from all walks of life. But don’t just take our word for it, look at the awards we’ve won.... • ACQ Finance Magazine Global Award, MBMG Group, Business Advisory Firm of the Year, Thailand 2012 • ICFM Leading Regulated Fund Management Provider, Thailand 2012 • ICFM Continental Awards, Thailand 2012 • Finance - Monthly Tax & Estate Planning Firm of the Year, Global Award 2012 • Finance - Monthly Tax & Estate Planning Firm of the Year, Thailand 2012 • Lawyers World Global Leading Firm, Top Tier Rankings 2012 • Lawyers World Annual Jurisdiction Awards 2012 • Lawyers Monthly Legal Award 2012 • The DealMakers M&A Awards 2012, Independent Financial Consultancy Firm of the Year (Thailand) MBMG InTernaTIonal Co., lTd. 75/56 Ocean Tower II, 26th Floor, Soi Sukumvit 19 Klongtoey Nua, Wattana, Bangkok 10110 Tel: +66 (0) 2 665 2537 - 9 Email: info@mbmg-international.com Web: www.mbmg-international.com
  • 3. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs 3 To read the fu enter the shor the story into ll article of a t code at the story brief, end ...added that the set aside a signi company had General Inte your browser: of budget of Bt20 ficant investment goo.gl/bH6P rest liam Shakespe are 0 million for over million to Bt300 seas Full story at http: expansion. F Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... seasons of the yea are cyclical _ wa the impact of s a blessing, as the mains 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo We are all fam rld told the CI Nasional of Malaysia, tion MB Asean Confe ly 12 percent of contribute to a the popula- slowdown est with the econo mic business cyc r ilia rence. the we aknesses of pension, while of expansion, con le His comme sion system are Thailand’s pen- Asean Trading nts were... covery. Howe traction and re- Full story ...Finance / Investment The shift of eco no mentum to the mic growth mo- phenomena affect... ver, other cyc lical at http://goo.gl/d fu2u Full story at htt p://goo.gl/rtpH 3 Thailand near Preventing Link draws intense up numerous East has opened Full story at http://goo.gl/fJ Asian countries opportunities that out, suggests an should not miss Panel: Asia bett olr of list of wor ld top Bangkok from weakest pens ’s interest The robust eco economist. off, not immun er from global cr e, systems: studion y sinking bigges challenge t no China and em mic growth of ises Greece, India, Ch Land subsidence http://goo.gl/wKeiJ Interest among local investors will open a ne w erging economi es KUALA LUMPUR : The As are home to the ian cri- pensi ina and Thailan weake d water losses tops caused by groun d Asian economi opportunity for sis in the late 1990s was a on systems in st national lems that must the list of prob- in overseas investment has been es to increase the call for the reg wake-up cripp the world, ko be solved in BaUBS foresees wealth from tra steadily building since the Stock Ex- services at a tim e ir de in goods an out to be d ion that has tur a blessing in dis led by young retire k to ned eign debt, a mix of acute sover- clima mitigate the impact of the te change on States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, says ng-SET bull market change of Thailand joined the Asean e Full story at htt are... financial sec region’s ers an d p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, a tain a certain showed. ers to work- The conclusio ational agencies . Trading Link programme this week, Grow with th degree n is containenext year of shocks from a report entitl d in of cycles e flow Western Hemi the fallout in the The Allia and Ad ed “Climate Ris ks say local brokers. Siriporn Phonpho, to a panellist sphere, accord at a recent As nz ing sion Susta Global Investors Pen- Megac aptation in Asian Coastal ina ‘There is a tid conference. ean tracks the bility Index, which Asian ities”, jointly conducted by theUBS Securities (Thailand) forecasts an assistant vice-president at Thana- men, which, tak e in the affair s of ity of nationa relative sustai nabil- Internati Development Ba nk, onal Cooperatio the Japan leads on to for en at the flood, “There wi l pension systhe Stock Exchange of Thailand will chart Securities, said calls expressed tune”, wrote Wi l- future, an ll be more crises d the Asian in 44 cou in the showe ntries around the world, tems and the World Bank in n Agency 2010. crisis in tirees d the number of Greek re-reach 1,500 points next year, mainly the most interest in investing in to people of wo rking age re- The report recom Full story at htt mended a...driven by local investors. The bull companies such as Singapore Tele- p://goo.gl/20yMDmarket would be largely supported com and Thai Beverage on the Sin-by domestic investors, which ac- gapore Exchange and AirAsia oncount for 80% of the market. Bursa Malaysia.A projection of 5.5% for economic “We’ve received 8-10 calls a daygrowth next year would increase about the Asean Trading Link, mostlocal wealth and encourage stock of them asking about what theyinvestment, said Raymond Magu- need to do to open an account,” sheire, head of research and strategy. said. It has been two-way traffic,Strong loan growth, largely from with overseas investors also callingretail finance and small enterprises, to inquire about purchasing Thaihas supported the country’s con- stocks. “Some queries are just aboutsumption as well. The credit cycle is Thailand’s general investment...expected to remain accommodative Full story at http://goo.gl/bTZ4Nover the next couple years. Althoughhousehold debt has increased to Financial guru47% from 20% in the past few years Faber knocksand is heading for 60% over the next Thai ‘cronyism’two to three years, the central...Full story at http://goo.gl/7g7QQ World-renowned investment guru Marc Faber says cronyism is a con-Thai investors cern for an investor like himself astold to get into the Thai government has appointedMyanmar now people connected to former prime minister Thaksin Shinawatra. “IThai investors, particularly in the think that, to be quite honest. I asmanufacturing and tourism indus- an investor, it concerns me that, fortries, have been urged to explore instance, the government appointsopportunities in Myanmar and take principally people connected to Mraction within three years or face Thaksin for, say, Thai [Airways],” hegreater competition from global said.heavyweights after the 2015 generalelection. “As an investor, to me it sounds very strange that people who run largeSerge Pun, chairman of conglomer- companies are appointed by theate Serge Pun & Associates (Myan- government and that the govern-mar), foresees another nine good ment then favours people that areyears to come, with President Thein supportive of them. There is still aSein’s strong commitment to politi- lot of so-called cronyism. In othercal and economic reforms. If either words, I have political power andThein Sein or opposition leader you’re a businessman or you areAung San Suu Kyi wins the election, someone who was at the party be-continued improvements are prom- fore and I give you a good job andised under clean leadership. the position of power,” he said.“In a general sense, I think every- Nonetheless, Faber said he was “rea-thing is good. But first, you should sonably positive” about the futurenot invest any money, but your time of Thailand, where he has resided– three days to Yangon and Nay Pyi since 2000 and has invested in someTaw. Smell the opportunities. If you properties and Thai stocks. “Thai-can’t smell anything, don’t go. You’re land is unlikely to be a dynamicnot businessmen,” he told a... economy. It’s not going to be like...Full story at http://goo.gl/JLkAk Full story at http://goo.gl/3Vx1o
  • 4. 4 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFGovernment / Economy In her opening speech, Yingluck Kobsak Pootrakul, an executive vice Ruengvirayudh, deputy governor assured the investors of continued president of Bangkok Bank, said. As of the BOT in charge of monetary growth and stability in the econom- the United States faces high fiscal stability, said yesterday. The new ic stability, underpineed by political deficits, its next leader will be forced measure is expected to increase the http://goo.gl/EIbH6 stability and strong economic fun- to cut spending. About Bt10 trillion competitiveness of the private sec- damentals – sufficient reserves for to Bt18.3 trillion will be taken out of tor. Corporations have been allowedYingluck leads short-term debt, low public debt to the system next year, he said. “It is since 2010 to invest overseas with-Thailand’s roadshow GDP and appropriate inflation. She apparent that while one party wants out a limit on the amount of money. noted that the stock market in the to collect more taxes and spendin New York past few years has been riding on... money, the other party does not For investment in foreign portfolio,Prime Minister Yingluck Shinawa- Full story at http://goo.gl/JZMne want to raise taxes or spend... the central bank will allow insti-tra led a delegation of chiefs of Full story at http://goo.gl/xiRZS tutional investors including listedpublic and private organisations in More US gloom companies to put unlimited...a roadshow, aiming to lure more in- expected whoever BOT further spur Full story at http://goo.gl/BHUW9vestment from the US to Thailand. is president, Thai overseas investment The Bank of Thailand has further Dawei ‘back onThe roadshow entitled “Thailand: economists say promoted capital outflows aimed at track’ after meetPositioning for Growth and Stabil- Thai economists are pessimistic supporting more investment abroad The delayed Dawei mega-projectity” took place on Sept 27, attended about the state of the US economy, and better management of financial is expected to forge ahead againby over 60 fund managers. Accord- which is expected to remain weak risks. The new measures will also soon, after Yingluck Shinawatra anding to the information on the Thai for two or three more years regard- help the central bank manage the Thein Sein discussed the issue ongovernment’s website, representing less of whether President Barack exchange rate after the high pres- the sidelines of the United NationsThailand were chiefs of the National Obama is re-elected or his rival Mittsure of large capital inflows has been General Assembly. The leaders ofEconomic and Social Development Romney wins the presidential race. causing the baht to appreciate. the two nations plan to visit the siteBoard, Fiscal Policy Office, Public Thai exporters do not have much of the Dawei deep-sea port and in-Debt Management Office, Federa- hope for the US market. To promote overseas direct invest- dustrial project. Meanwhile, Italian-tion of Capital Markets Association, ment, the central bank will allow Thai Development is expected toAssociation of Securities Compa- “Whoever the next president of the individuals to make unlimited in- sign a contract for construction ofnies and Association of Investment United States will be, he can’t do vestment to expand their produc- the port and the road connection...Management Companies. much to boost the US economy,” tion or marketing abroad, Pongpen Full story at http://goo.gl/eDJcA Tris Mart Ltd, Hong Kong Textiles & Apparel Services in Asia Sourcing | Buying | Production | QC TrisMart Ltd is registered in Hong Kong and offers sourcing and consultancy services to Western apparel importers and retailers for all their textiles and apparel needs from Asia.Professional Portfolio International Product develoPment GrouPs 1. Apparel: knitwear, woven, sweaters, denim,…Dedicated to 2. Textiles: yarns, fabrics, home textiles, leather,… 3. technical: clean-tech, eco-tech, med-tech, pro-tech, sports-tech,… Service Excellence 4. Made Ups: bags, belts, headwear, socks, plush toys,… 5. Accessories: labels, badges, patches, hangtags,… PPI strives to help each client grow, protect, and enjoy their wealth in their own way and achieve Financial Freedom TRISMART LTD, Hong Kong Sourcing & Production of Textiles & Apparel in Asia With its team of very knowledgeable and experienced Challenge Us To Find What You Couldn’t Find! Advisers, PPI delivers the highest level of financial sales@trismart.net www.trismart.net planning and wealth management services to clients throughout Southeast Asia and beyond. “If it’s made from textiles, www.ppi-advisory.com Tris Mart Ltd can find it for you in Asia.” Professional Portfolio International (PPI) Vast Network of Partners in these Asian Countries of Production: 209/1 K Tower, Tower B, 19th Fl., Unit 4, Sukhumvit 21 Rd.(Asoke) Klongtoey Nua, Wattana, Bangkok 10110, Thailand Tel +662 664 0968, +662 664 0145 | Fax +662 260 7769 Bangladesh China India Laos thailand Vietnam Email: clientservices@ppi-advisory.com
  • 5. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs 5 To read the fu enter the shor the story into ll article of a t code at the story brief, end ...added that the set aside a signi company had General Inte your browser: of budget of Bt20 ficant investment goo.gl/bH6P F Bangkok Business Brief 0 million for over million to Bt300 rest liam Shakespe seas Full story at http: expansion. are Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... seasons of the yea are cyclical _ wa the impact of s a blessing, as the mains 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In www.BBBrief.com India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo We are all fam rld told the CI Nasional of Malaysia, tion MB Asean Confe ly 12 percent of contribute to a the popula- slowdown est with the econo mic business cyc r ilia rence. the we aknesses of pension, while of expansion, con le His comme nts were... sion system are Thailand’s pen- covery. Howe traction and re- Full story ...Production ing the private sector to invest in The shift of eco Full story at htt Mango Mango Ltd. Part. no ver, other cyc at http://goo.gl/d p://goo.gl/rtpH mentum to the mic growth mo- phenomena affect... lical fu2u 3 up numerous East has opened Full story at http://goo.gl/fJ Thailand near Preventing LNG-related businesses in Thailand Asian countries opportunities that olr of list of wor top Bangkok from out, suggests an should not miss Panel: Asia bett will determine greater use of gas,” 124 Sukhumvit 38 weakest pens ’s ld sinking bigges economist. off, not immun er Prakanong, Klongtoey systems: studion t Mr Asada said. So far, only energy The robust eco no from global cr e, y challenge China and em mic growth of Bangkok 10110 • Thailand ises Greece, India, Ch Land subsidence http://goo.gl/UrVpE flagship, PTT PTT Plc has played... will open a ne w erging economi es KUALA LUMPUR : The As are home to the ian cri- pensi ina and Thailan weake d water losses tops caused by groun d on systems in st national lems that must the list of prob- Asian economi opportunity for sis in the late 1990s was a Full story at http://goo.gl/X2Exm es to increase the call for the regTel. 02 712 4052 wake-up cripp the world, ko be solved in BaPepsiCo unveils wealth from tra ir ion that has tur led by k to ng- services at a tim de in goods an out to be d a blessing in ned eign debt, a mix of acute sover- clima mitigate the impact of the Mitsubishi shows e dis young retire te change on States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, saysBt18.4bn plan for e Full story at htt are... financial sec Publisher and Managing Director (Thai Sales) region’s ers an d p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, a ers to work- ational agencies .Thai investment faith in Thailand Grow with th of shocks from e flow Western Hemi tain a certain degree Pavinee Chaymanee • 084-147-5550 the fallout in the The Allia showed. The conclusio a report entitl n is containe ed “Climate Ris d in of cycles Mitsubishi Motors (Thailand) is sphere, accord nz and Ad ing sion Susta Global Investors Pen- Megac aptation in Asian Coastal ks ‘There is a tid to a panellist conference. thailandmagazine@gmail.com at a recent As ina ean tracks the bility Index, which Asian ities”, jointly conducted by thePepsiCo, the US-based beverage continuing to expand its investment men, which, tak e in the affair s of ity of nationa relative sustai nabil- Internati Development Ba nk, onal Cooperatio the Japan leads on to for en at the flood, “There wi l pension sysgiant, yesterday announced a huge in the Kingdom by setting aside tune”, wrote Wi l- future, an ll be more crises d the Asian in 44 cou Managing Director & Creative Director in the showe ntries around the world, tems and the World Bank in n Agency 2010. crisis in tirees d the number of Greek re-investment of Bt18.4 billion in the Bt1 billion to increase production Reid Nixon • 080-246-9000 to people of wo rking age re- The report recom Full story at htt mended a...Thai market over the next three capacity to 500,000 units next year. reid@bangkokbusinessbrief.com p://goo.gl/20yMDyears in order to strengthen the President Nobuyuki Murahashi yes-company’s leading position in the terday said the company had origi-country and drive future growth. nally planned to increase capacity Business Development Manager (English sales) to 500,000 vehicles in 2015 from Andy Hyde • 080-814-9080The $600-million investment capi- 350,000 units this year, but had andy@bangkokbusinessbrief.comtal includes the $170-million bot- now revised its plan so that capacitytling plant in Amata City Industrial would reach 400,000 units this year. DeliveryEstate in Rayong, bought from San As a result, the local unit has de- Anan BoonmaMiguel in February. Located on a cided to bring forward the 500,000-96-rai plot, the facility is one of Pep- unit capacity schedule by two years, In cooperation with Siam Gazette Co., Ltd.siCo’s largest global beverage plants, to 2013. Alan Verstein • 081-761-9302comprising eight high-speed pro-duction lines, each of which is able “When our new production ca-to produce between 600 and 800 pacity starts to operate next year, Volume 1, Issue 12 • Mid-November to December 2012PET bottles per minute, depending Thailand will be Mitsubishi’s larg- Copyright 2012. All rights reserved.on the size. est production base for cars in the world, replacing Japan,” he said,The remainder of the investment adding that the country would alsobudget will be allocated to other be its manufacturing base for futurebusiness pillars: building infrastruc- car models. Murahashi said thatture for sales and distribution; acti- although Europe still faced an eco-vation of marketing and consumer nomic crisis, demand for exportedengagement; and human-... cars in Asia continued to grow. TheFull story at http://goo.gl/g78uo company is therefore moving its ex- port focus from Europe to the Asian120 years on, Shell market, and Thailand in particular.hungry for Thai gasRoyal Dutch Shell is looking to ex- Domestic demand for eco-cars andpand its business in Thailand to the government’s first-time car buy-liquefied natural gas and tap strong er scheme have resulted in strong...gas demand in the local market, Full story at http://goo.gl/vXUPEsays new country chairman AsadaHarinsuit. Mr Asada noted that gas Volvo choosesdemand has skyrocketed here be- Malaysia overcause gas is cleaner and cost-com- Thailandpetitive. “Thailand’s power demandwill double in the next decade and Carmaker Volvo, which operates low volumes. We also questioned Heineken, ending the two-month-concerns about climate change have under a company named Swedish whether we should continue or not. long beer war and shifting the focusbeen growing, making gas a more Motor Assemblies (SMA) in Malay- We then decided to sell our Thai- to the future of the 129-year-oldpromising choice for the country,” sia, has chosen to operate outside of land plant and left there last year to Singaporean conglomerate. Thehe said. Thailand and recently consolidated consolidate all our volumes here in shareholders yesterday approved its Asean operations to a single lo- Malaysia, which is a good decision the sale of F&N’s direct and indirectMr Asada, also global vice-presi- cation in Malaysia. SMA managing for us. Now we have proper [sales]... interests in Asia Pacific Breweries todent in specialties of Royal Dutch director David Stenstrom said re- Full story at http://goo.gl/TeuXU Heineken for Bt140.65 billion. TheShell, succeeded Pissawan Acha- cently that Volvo, which had previ- transaction, subject to regulatorynapornkul as head of Shell’s opera- ously operated out of both Malaysia F&N shareholders approval from authorities in Singa-tion in Thailand since the beginning and Thailand, was now focused on approve sale of stake pore and New Zealand, is expectedof this month. Mrs Pissawan was as- scaling up assembly production in in APB to Heineken to be complete in November.signed to a new post in Britain. The Malaysia instead and today exportscompany is celebrating 120 years in Volvo cars to Thailand. Fraser & Neave shareholders, in- While this resolution ends the beerThailand. cluding Thai Beverage and TCC As- war between Thai billionaire Cha- “We’ve had quite some challenging sets, have formally agreed to sell the roen Sirivadhanabhakdi – who...“The government policy for allow- years, especially until 2009, due to firm’s lucrative brewery business to Full story at http://goo.gl/DRNRp
  • 6. 6 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFRetail/Services mands a 59% share of Thailand’s through and breakfast businesses. Nok Mini imported spirits market, its biggest “Thailand retains its key position as ever. the fastest-growing market in Asia, sets sights on including South Korea, the Philip- Myanmar network http://goo.gl/QyrTE Mr Harlow said Thailand’s luxury pines, India, China and Indonesia, market has expanded by 41% over which witnessed 10-to-20-per-cent Nok Mini, the commuter airline af-It’s official: Thais the past five years. Double-digit annual growth,” Hester Chew, exec- filiated with budget carrier Nok Air,love Johnnie Walker growth of luxury products in Thai- utive chairman and chief executive is eyeing opportunities for launch- land will be seen this year and well officer, said yesterday. ing its first international service,Thailand is ranked third among 180 into the future. Euromonitor In- with Myanmar looming on a ra-markets for Johnnie Walker whisky ternational said Thailand’s luxury The company earmarks about dar screen. The decade-old airline,sales for the third consecutive year whisky segment, valued at 4.57 bil- Bt600 million to Bt650 million a owned by Siam General Aviationthanks to growing numbers of mid- lion baht in 2007, will reach 5.4 bil- year to add at least 22 branches in Co, is evaluating the viability ofdle-class customers and rising eco- lion this year. Bangkok and the provinces. Of the linking three major Myanmar cit-nomic prosperity. The consumption 160 McDonald’s in the country, 123 ies _ Yangon, Mandalay and Baganof Johnnie Walker in this country is “Johnnie Walker entered Thailand serve breakfast, 63 operate around _ from its Chiang Mai hub. It willhigh, behind only the US and Brazil. more than 100 years ago. Brand the clock, 87 provide home delivery make a final decision on Myanmar awareness of Johnnie Walker is very and 37 offer drive-through service. service early next year, said SantStill, Thailand has been dubbed a strong among Thais. More than 90% The chain also includes 80 McCafe Sangwornrachasup, the assistantwhiskey-consuming country, while of drinkers know us. And we’ll... coffeehouses and two McDonald’s vice-president for strategic andthe US is seen as a big vodka con- Full story at http://goo.gl/13snr M-Parks, a small-scale community business development.sumer. Some 90% of the interna- retail centre with car parks. It planstional spirits business is whisky. McDonald’s banks to expand the M-Park format. Nok Mini plans to use a Saab 340B“Thailand is the strongest market on breakfast sales turboprop for the planned routes.for Johnnie Walker in Asean. More looks to 20% growth Another key factor boosting sales They are capable of carrying 34than half the sales contribution in this year is breakfast, which is passengers, who on these routesAsia-Pacific comes from Thailand,” in key Thai market served from 6-11am. Breakfast now are largely expected to be leisuresaid Graeme Harlow, the managing McThai expects 20-per-cent growth accounts for about 20 per cent of to- travellers. The study comes as Nokdirector of Diageo Moet Hennessy in sales at its McDonald’s restaurants tal sales, up from only 13 per cent... Mini takes delivery of its fifth Saab(Thailand) Ltd. Diageo now com- this year, driven mainly by its drive- Full story at http://goo.gl/z0qkv 340B later this month to support its LEGAL & ACCOUNTING PROFESSIONALS Security, Compliance or Audits getting too stressful? Time to outsource all aspects of your security? interactive LEGAL & BUSINESS SERVICES COMPANY REGISTRATION WORK PERMIT & VISA LBG is a Bangkok and Singapore based security consultancy company with a dynamic team of ACCOUNTING & AUDIT individuals with specialist skill sets and experience. With ever increasing security issues, many MNC’s areENGLISH SPEAKING REPRESENTATIVES now looking to outsource their security to comply with internal audits, gain accreditation and maintain international standards. COMPANY SET-UP PROPERTY LAW IMMIGRATION ACCOUNTING CONVEYANCE FAMILY LAW LBG is leading the way in offering simple affordable WORK PERMIT 30 YR LEASE CONTRACTS solutions to companies looking to outsource all areas FREE CONSULTATION - CONTACT US of their security.WWW.INTERACTIVETHAILAND.COM | 02-653-0043 Info: aaron@leboutilliergroup.com TWO PACIFIC PLACE, 17TH FLOOR - NANA BTS www.leboutilliergroup.com
  • 7. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs 7 To read the fu enter the shor the story into ll article of a THAILAND LEGAL & BUSINESS 6P t code at the SERVICES story brief, end ...added that the set aside a signi company had General Inte your browser: of goo.gl/bH budget of Bt20 ficant investment rest liam Shakespe are 0 million for over million to Bt300 seas Full story at http: expansion. F Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... seasons of the yea are cyclical _ wa the impact of s a blessing, as the mains 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo We are all fam rld told the CI Nasional of Malaysia, tion MB Asean Confe ly 12 percent of contribute to a the popula- slowdown est with the econo mic business cyc r ilia rence. the we aknesses of pension, while interactive of expansion, con le His comme nts were... sion system are Thailand’s pen- covery. Howe traction and re- Full story ...expanding operations. The air- six months under its Sala Boutique The shift of eco no mentum to the mic growth mo- phenomena affect... ver, other cyc lical at http://goo.gl/d fu2u Full story at htt p://goo.gl/rtpH 3 up numerous East has opened Full story at http://goo.gl/fJ Thailand near Preventingline now concentrates on domestic brand. Sala Lanna Chiang Mai will Asian countries opportunities that olr of list of wor top Bangkok fromflights from Don Mueang and Chi- out, suggests an should not miss Panel: Asia bett be the first to open in December weakest pens ’s ld economist. off, not immun er sinking biggesang Mai airports. 2012, followed by the Sala Rattana- e, systems: studion challenge t The robust eco no from global cr y China and em mic growth of kosin Bangkok and Sala Ayutthaya will open a ne erging economi COMPANY SET-UP es KUALA LUMPUR : The As ises Greece, India, Ch are home to the PROPERTY LAW ina and Thailan weake Land subsidence d water losses tops IMMIGRATION caused by groun d w ian cri- pensiNok Mini is the latest Thailand- in 2013. Asian economi opportunity for sis in the late 1990s was a wealth from tra es to increase the ir call for the reg ACCOUNTING wake-up cripp ion that has tur led by CONVEYANCE on systems in st national lems that must the list of prob- the world, ko k to FAMILY LAW be solved in Ba ng- ned eign debt, a mix of acute sover- clima mitigate the impact of thebased carrier looking at boosting services at a tim e de in goods an out to be d WORK PERMIT a blessing in dis young retire 30 YR LEASE te change on States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, says CONTRACTSair links with Myanmar. The neigh- “We are thrilled to be expanding e Full story at htt are... financial sec region’s ers an REALISTIC RATES - SUPERIOR SERVICE d p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, a ers to work- ational agencies . tain a certain showed. The conclusiobouring country has emerged from our Sala boutique-branded proper- Grow with th of shocks from e flow Western Hemi FREE CONSULTATION - CONTACT US degree the fallout in the The Allia a report entitl n is containe ed “Climate Ris d in of cycles50 years of isolation and is embrac- ties in these cultural Thai cities, all to a panellist sphere, accord nz and Ad ing sion Susta Global Investors Pen- Megac aptation in Asian Coastal ks at a recent As ina ean tracks the bility Index, which Asian ities”, jointly conducted by the WWW.INTERACTIVETHAILAND.COM | 02-653-0043 ‘There is a tid conference.ing reforms that are spurring busi- of which have important historical men, which, tak e in the affair s of ity of nationa relative sustai nabil- Internati Development Ba nk, onal Cooperatio the Japan leads on to for en at the flood, “There wi l pension sysness and tourism travel. Yangon,... significance to Thailand. These re- tune”, wrote Wi l- future, an ll be more crises d the Asian in 44 cou in the showe ntries around the world, tems and the World Bank in n Agency 2010. crisis in tirees d the number of Greek re-Full story at http://goo.gl/HDNLH treats, escapes and getaways, in ad- no other budget airline in Asia. Itsto people of wo rking age re- of Tokyo. Hong Kong topped the The report recom Full story at htt mended a...Big C hungry for its ditionare the ideal enhancements to with the flagship – Sala Khao flamboyant boss, Tony Fernandes, is Index as the most attractive city p://goo.gl/20yMD Yai – constantly on the lookout for more for international travel shoppers inpiece of online sales the beach resorts and spas Sala owns ventures, to expand routes and des- Asia-Pacific.with debut of site and operates in Samui and Phuket,” tinations. said Brian Moodie, Sala’s Chief Op- The rankings are based on five cat-Bangkok, recently crowned the erating Officer. South Korea is its next target mar- egories covering shops, affordabil-Facebook capital due to having the ket for a joint venture, though a ity, convenience, hotels & transportmost users, is attracting companies Launching before the end of the market such as Vietnam cannot be and culture & climate. Global Bluefrom a wide variety of sectors to year, Sala Lanna Chiang Mai will be overlooked despite an earlier failed developed the Globe Shopper In-launch their online products and located on the east bank of the Ping attempt. India and China remain dex as an essential planning toolservices to reach more customers River. The boutique hotel will fea- on Mr Fernandes’s radar screen, but for all international travel shoppersaround the clock. Industry experts ture just 16 rooms with river views... entry into these markets may take searching for their next shoppingbelieve this will boost the value of Full story at http://goo.gl/Idy4R some time. To Mr Fernandes, Asia destination in Europe and Asia-Pa-online shopping in Thailand to 75 offers great growth potential and he cific. Global Blue’s expanded Globebillion baht this year and 100 billion Mercedes E300 has ordered 375 Airbus aircraft to Shopper Index adds 25 Asia-Pacificbaht annually over the next three hybrid headed here drive that growth. cities to the existing 33 Europeanyears. Mercedes-Benz is set to become the cities and ranks them on the expe- first car brand in Thailand to offer Across the South China Sea, Lion rience they provide to internationalRetail players already providing a diesel-electric power train in a Air boss Rusdi Kirana is also count- travel shoppers.online shopping include Central mainstream model. The first model ing on Asia’s growth to fuel his air-Department Store, The Mall Group to get the super-frugal hybrid is the line’s expansion. Lion controls about Bangkok’s good performance wasand Tops Supermarket and Singha E300 Bluetec hybrid executive se- 45% of the domestic air travel mar- driven by its score in the Afford-Corporation. The latest offering dan, combining a 27-horsepower ket in Indonesia, which accounts for ability category, where it came firstcomes from Big C Supercenter Plc, electric motor with the common- nearly half of the 600 million people for the low price of two- and four-which introduced a full-scale online place 204-hp, 2.1-litre diesel-turbo in Asean. The Indonesian market is star hotels. In this category Bang-shopping site. engine, as used in the regular E250 also a market that Mr Fernandes is kok also scored well for its reason- CDI. With average fuel economy eyeing. Lion has 100 aircraft in op- ably priced restaurants and bars.Kudatara Nagaviroj, Big C’s director of 23 kilometres per litre, the E300 eration and 382 new Boeing aircraft The city’s ranking was boosted byof corporate affair, said Big C On- will be the most economical car in on order. It will begin its long-haul the wide availability internationalline Shopping is aimed at respond- its class _ beating today’s champion, unit, Batik Air in March next year. brands in its stores and long salesing to today’s digital consumer life- the BMW 520d, and its rating of 19 seasons. However, Bangkok wasstyles. More and more customers km per litre. But Malaysia has also been on Mr pushed down the rankings due toare making online purchases via Rusdi’s radar screen for a while now. its poor performance in the Hotels...their computers or smartphones, he Executives of Mercedes-Benz That is part of his regional expan- Full story at http://goo.gl/pUvk6said. Company research found new- (Thailand) confirmed the Thai hy- sion plan and after two failed bidsgeneration customers have limited brid plan but refused to say when earlier, he has managed to wrap up a Stamford preparestime and want a convenient, reliable the first car will go on sale. They deal with Malaysia’s National Aero- for AEC, plansand cost-efficient way to shop. stressed that from now on, the Brit- space and Defence Industries to set new campuses ish and Thai markets will get new up Malindo Air, a 51:49 partner-Initially, the Big C Mobile Shopping models at the same time. The E300 ship between Nadi and his PT Lion Stamford International Universityapp will run on the iOS and An- hits Britain next month, according Grup. Starting in May next year, plans to establish two new cam-droid operating systems, which to- to media reports. Malindo Airways will rival AirAsia puses in Bangkok by 2017 to cash ingether have 13 million users in the... on its home ground, and it follows on the expected increase in demandFull story at http://goo.gl/3P6vO Due to the 10% excise tax in Thai- Mr Fernandes’s decision to relocate from local and overseas students af- land for hybrid-powered vehicles his main base to Jakarta in June to... ter the AEC takes effect in 2015. AsSala plans major (not over 3,000cc), Mercedes will Full story at http://goo.gl/gvlHl part of this expansion plan, Stam-Thailand expansion likely price the E300 at... ford has invested Bt260 million inSala Resorts & Spas has announced Full story at http://goo.gl/8uZlS Bangkok ranked a new building in Bangkok near thea major expansion in Thailand that 7th in Asia Pacific existing one. It will also offer newwill see it double its portfolio. The No longer a shopper index international programmes. The newluxury hotel company, which cur- one-horse race six-storey building will almost dou-rently operates resorts in Phuket, AirAsia is among the most profitable Bangkok came seventh in the Globe ble student capacity to 3,000 fromKoh Samui and Khao Yai, will add a low-cost carriers in the world and in Shopper Index (Asia Pacific), a few 1,600 now. Under an open-ended...further three properties in the next the past decade it has expanded like points behind Sydney and ahead Full story at http://goo.gl/DF0xQ
  • 8. 8 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFTourism be named and who runs the Phranakhon Grand View Hotel, part of Phranakhon Rajabhat University, welcomed the move. Three- and http://goo.gl/fxE4d four-star hotels near the airport will be prime beneficiaries, he said. TheAirport revival 54-room hotel he manages receivedboon to hotels more calls for information before Monday. Now, the hotel welcomesThe return of Thai AirAsia, the foreign guests, especially from Ja-country’s biggest low-cost carrier, to pan, who connect to low-cost flightsDon Mueang International Airport from Don Mueang to northern cit-is expected to be a shot in the arm ies such as Mae Sot and...for nearby businesses, especially Full story at http://goo.gl/wd1pLthree-star hotels, which could enjoya windfall from foreign travellers Foreign tourismconnecting to flights at Bangkok’s set to boom during web • creative • eventold airport. high season and likely to avoid flooding. “With no heavy rains or floods inBusinesspeople agree that maximis- The tourism sector expects a big Phuket this high season, tourisming the use of Terminal 1 at the air- turnout for foreign arrivals this high The TCT forecasts arrivals from should boom and fully recover,”...port will revive the area’s economy, season, but domestic tourism will Europe will increase slightly this Full story at http://goo.gl/hUalGas visitors will need services from slow due to flood concerns. Piya- high season (October-February), al-accommodation to food and bev- man Techapaiboon, president of though tourist numbers from Ger- Marriott expandingerages. Thai AirAsia operates more the Tourism Council of Thailand, many will remain static due to the footprint in Asiathan 160 flights per day and ex- said foreign tourists are not wor- ongoing European economic crisis. Marriott International announcedpects to carry 8 million passengers ried about flooding, as their main Arrivals from China should offer a yesterday that it expected to moreannually. destination is Phuket, with Krabi, boost to tourism business in Phuket than double the size of its portfolio Phangnga, Trang and Nakhon Si and Bangkok, offsetting any slow- in the Asia-Pacific region in the nextAn academic, who declined to Thammarat also drawing foreigners down from the European crisis. few years. With 132 hotels open in +66 2207 1023
  • 9. 2 BANGKOK BU SINESS BRIEF December 20 11www.bangkokbusinessbrief.com Briefs To read th e full article Mid-November/Mid-December 2012 BANGKOK BUSINESS BRIEF enter the shor t the story into of a story brief code at the en d , ...added that the set aside a signi company had 9 General Inte your browser: of budget of Bt20 ficant investment goo.gl/bH6P rest liam Shakespe are 0 million for over million to Bt300 seas Full story at http: expansion. F Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... “We are here because Bangkok is seasons of the yea are cyclical _ the impact of was a blessing 2008 would ha , as the mains mand from the government and above the Europ the phases of the r, life and death, far worsesmartphone to see all the stories http://goo.gl/o zbNM energetic and charming. We can Caught up in da moon, the tides. Mokhtar, for the region, ve been ” Azman In the private sector will continue at ean average. ily details, we eas the managing India, Chinain a certain category. Asia stands to match a mysterious Thai beauty ily forget that has cycles, too. the business wo - of Khazanah director rough rld told the CI Nasional of Malaysia, tion the rate of 15% and 8%, respectively. ly 12 percent of and Thailand, gain from W We are all fam contribute to a the popula- slowdown est with a modern and fashionable life- with the econo mic business cyc r ilia MB Asean Confe rence. the weCMO estimates the private sector aknesses of pension, while of expansion, con le His comme sion system are Thailand’s pen- style at W Bangkok. I am sure it will will account for half the market be-Asia today and a pipeline of signed Hotelbeds plans nts were... The shift of eco covery. Howe traction and re- Full story Full story at htt ... no ver, other cyc at http://goo.gl/d p://goo.gl/rtpH mentum to the mic growth mo- phenomena affect... lical fu2u become a new hangout for... Thailand near fore long. This year, CMO projects Preventing 3and approved deals now totalling major Asian up numerous East has opened Full story at http://goo.gl/fJ top Asian countries opportunities that out, suggests an should not miss Panel: Asia bett Full story at http://goo.gl/QR5lJ olr of list of wor ld revenue from the management of Bangkok froman additional 143 properties, the weakest pens ’scompany expects to grow to at least expansion off, not immun er sinking bigges economist. systems: studion 11 museum projects at... The robust eco no China and em mic growth of ATTA raises from global cr e, ises Greece, India, Ch y challenge t Full story at http://goo.gl/Sc9Ci Land subsidence265 hotels by 2016, with more than Hotelbeds, the accommodation will open a ne erging economi member arrival es KUALA LUMPUR : The As are home to the ina and Thailan d water losses caused by groun d Middle-class drives w ian cri- pensi weake tops Asian economi opportunity for sis in the late 1990s was a on systems in st national lems that must the list of prob-80,000 rooms in 16 countries. wholesaler, has unveiled plans to es to increase the wake-up cripp the world, ko be solved in Ba projection to wealth from tra ir call for the reg led by k to ng- ion that has tur de in goods an out to be ned eign debt, a mix of acute sover- clima mitigate the impact of the grow the brand in Asian in the next services at a tim e d a blessing in dis young retire regional tourism te change on States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, saysSimon Cooper, Marriott Interna- few years. Speaking at the ITB Asia e Full story at htt are... financial sec 3 million region’s ers an d p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, a tain a certain showed. ers to work- The conclusio ational agencies .tional’s president and managing travel trade show in Singapore, Ho- Grow with th of shocks from e flow Western Hemi degree the fallout in the The Allia Despite the economic uncertain- a report entitl n is containe ed “Climate Ris d in of cyclesdirector in Asia, said the company telbeds’ Managing Director, Car- to a panellist The Association of Thai Travel sphere, accord nz and Ad ks ties in Europe, Asia’s travel busi- ing sion Susta Global Investors Pen- Megac aptation in Asian Coastal at a recent As ina ‘There is a tid conference. ean tracks the bility Index, which Asian ities”, jointly conducted by thewas delighted with its growth in the los Munoz, said the company was men, which, tak e in the affair s of Agents (ATTA) forecasts the num- ity of nationa relative sustai nabil- Internati ness leaders revealed that tourism Development Ba nk, onal Cooperatio the Japan leads on to for en at the flood, “There wi l pension sysregion and believed it was a great planning to double its Asian hotel tune”, wrote Wi l- future, an ber of international tourists arriving ll be more crises d the Asian in 44 cou in the showe ntries around the world, tems and the investors are continuing to spend World Bank in n Agency 2010. crisis in tirees d the number of Greek re-testament to the popularity of its portfolio in the next five years, with through its members will rise 10% to people of wo rking age re- their budgets on the travel industry The report recom Full story at htt mended a...brands. The company expects to particular focus on Singapore, Thai- to 3 million this year, up from an to cash in on the economic boom p://goo.gl/20yMDlaunching new brands in the region land, Indonesia, Malaysia, Hong earlier projection of 7-8%. The mo- driven by middle-class tourists insoon, with the introduction of Fair- Kong and Japan. mentum of tourism recovery will the Asia-Pacific region, particularlyfield by Marriott in India next year continue and arrivals are projected from China, India and Indonesia.and its Edition brand in Bangkok “We have built leading positions in to grow by 7-10% next year, saidin 2014. Marriott International cur- Europe and across the Americas for ATTA president Sisdivachr Chee- Richard Helfer, chairman of RCHrently operates eight brands in Asia Hotelbeds. MEAPAC (Middle East warattanaporn. International, told the Tourismand the Pacific: Bulgari Hotels & and Asia Pacific) is where we see the Destination Investment ConferenceResorts, Ritz-Carlton, JW Marriott, greatest opportunities. It is now the As of Monday, total tourist arriv- Asia that last year 21 per cent of to-Renaissance Hotels & Resorts, Mar- fastest growing area of our business als through ATTA members in- tal global tourism spending cameriott Hotels & Resorts, Courtyard by and an area we are very excited to be creased by 9.68% to 2.66 million. from Asia-Oceania countries. “WeMarriott, Marriott Executive Apart- developing and investing in,” Mu- The top five source countries were expect this to rise to 30 per cent nextments and the recently launched noz said. China with 739,929 travellers, Rus- year,” he said. In view of this trend,Autograph Collection of hotels that sia (308,372), India (195,104), Japan investment in tourism infrastruc-debuted in Asia this month with the Hotelbeds currently has 21 offices (153,571) and Vietnam (146,430). ture across the region would growopening of The Stones Legian in and employs about 750 people with full support from the publicBali. across Asia and the Middle East, “Emerging markets have showed a sector at different scales nationally, and revealed that it plans to expand positive trend. These markets will regionally and internationally, fromThe company witnessed the dou- its regional workforce by 25% by be important to boost tourism reve- large investment to small boutiquebling of membership in Marriott 2015. “Our local and source mar- nue to reach 2 trillion baht by 2015,” hotels, said Helfer.Rewards, its award-winning loyalty ket teams, working closely with our said Mr Sisdivachr.programme, in Asia last year. Mar- customers and suppliers, have... The new direction of tourism in thisriott Rewards grew to more than a Full story at http://goo.gl/LpqrY The ATTA plans to set up a website region will meet the new customer...million members in China alone... for travel package booking to serve Full story at http://goo.gl/4j84eFull story at http://goo.gl/9WmCN W Hotels launches fast-growing technology and chang- Asian expansion es in customer behaviour. This will As rivals gain, ThaiThailand, Indonesia in Bangkok be in line with major promotion tourism cries out fortipped as hot campaigns by the Tourism Author- distinct imagehotel markets W Hotels Worldwide, the luxury ity of Thailand, which is focusing... hotel brand under Starwood Hotels Full story at http://goo.gl/5fHld Thailand should have a clear cam-Jones Lang LaSalle Hotels (JLL) is and Resorts Worldwide, is looking paign to promote tourism and dis-tipping Thailand and Indonesia to to expand its hotel operation in Asia CMO Group tinguish itself from neighbouringbe the next hot hotel investment in the next three years. “Asia is very sees potential countries, says the Association ofmarkets in the Asia Pacific region. attractive for us, as the region’s econ- in museums Thai Tourism Marketing (ATTM).The company, which specialises in omy is booming. Many people are President Mingkwan Metmowleehospitality real estate investment heading here, and there are many CMO Group, an event organiser, said Indonesia and Cambodia areservices, said the two Southeast vibrant, incredible and beautiful cit- sees potential in the museum busi- gaining popularity with EuropeanAsian countries, along with the ies, which are the targets for W Ho- ness and expects to generate 120 travellers. The governments of bothMaldives, offered the most poten- tels,” said Arnaud Champenois, the million baht in revenue from this countries have supported the tour-tial to international hotel property brand director for W Hotels and Le segment next year. Chief executive ism industry, and the private sectorinvestors. Meridien in Asia-Pacific. Sermkhun Kunawong said both the also cooperates with state policies. government and private business“We are seeing fantastic potential The US-based hospitality chain are driving growth in the museum At present, the average package tourcoming out of Thailand, Indonesia plans at least 10 new hotels. After W sector. in Indonesia is attractive at 700-800and the Maldives, backed by ris- Bangkok opens its doors on Sathon (27,800 to 31,700 baht) for 12 daysing revPAR (revenue per available Road on Dec 7, other hotels will be Many now see museums as an ef- and nine nights compared withroom), healthy investor interest launched in Beijing, Shanghai and fective medium for promoting local 1,200 in Thailand. Cambodia fea-and solid travel demand,” said Tom Guangzhou in China; New Delhi wisdom, science, medical develop- tures untamed nature and an un-Oakden, the company’s Executive and Mumbai in India; Kuala Lum- ment, transportation and educa- seen culture. Though Thailand is aVice President of Investment Sales. pur in Malaysia; Jakarta in Indone- tion. At present, there are about 100 popular hospitality destination for“While hotel transactions in Asia sia; and Macau. The region has sev- museums in Thailand, more than Westerners, it lacks cooperation be-and globally have slowed in the last en W hotels, in Seoul, Taipei, Hong half of them state-run. tween tourism groups. Consequent-year, investor sentiment remains... Kong, Singapore, the Maldives, Bali ly, Thailand must differentiate...Full story at http://goo.gl/PX3pE and Koh Samui. Mr Sermkhun said growing de- Full story at http://goo.gl/Vr7sU
  • 10. 10 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFIT / Comms auction is being challenged by Anu- parp Thiralarp, the former president ADDING A NEW DIMENSION TO of the Thailand Telecommunication Management Academy who has http://goo.gl/VwYn9 threatened to petition the Admin- istrative Court to suspend the auc-True showcases tion. Mr Adhiruth said this year’sB3,000 3G budget allocated 1.5 billion baht to... Full story at http://goo.gl/24yrzsmartphoneThird-ranked mobile operator True Narong SeafoodMove is gearing up to migrate its stung by suitexisting second-generation (2G) Thai exporters are being warned ofcustomers to 3G service by offering possible penalties from using illegala smartphone priced below 3,000 software after Massachusetts finedbaht. The move is aimed at boosting a family-owned Thai seafood com-its 3G subscriber base to 4 million pany over unfair trade practices. www.kudozonline.com/interactiveby year-end, from 2.5 million, saidAdhiruth Thothaveesansuk, the “It is a must for Thai exporters to The laws seek to punish foreign USB Guard and boot manager,” saidmanaging director for mobile busi- observe the new US Unfair Com- companies that enjoy an unfair cost Mr Kuo.ness at True Corporation. petition Act banning imports of advantage over American busi- commodities produced with the nesses because they use unlicensed While China’s market is alreadyTrue is offering the Android-based use of illegally secured informa- software, with the harshest penal- crowded with similar software,smartphone Go Live S1 priced at tion technology,” said Wiramrudee ties including fines and a ban from Thailand is an ideal test market for2,990 baht. The phone features pre- Mokkhavesa, an attorney at Tilleke exporting to the US market. Mas- Baidu’s product. Aside from featuresloaded applications for shopping, & Gibbins International. “Some 39 sachusetts, Louisiana and Washing- tailored to the Thai market, the...travel and photo framing. US states have passed or are prepar- ton already have UCAs specifically Full story at http://goo.gl/s4qX9 ing to pass UCAs with beefed-up directed at piracy. Some EuropeanThe phone offer is considered nec- provisions specifically to combat IT countries are considering similar TWP introducesessary now that the imminent 3G piracy.” laws. eBooks app The way of learning is changing. Thai lawyers are urging Thai export- Education is no longer solely about ers to ensure their software is legal. books as advanced technology in- Even if the software the companies creasingly supports children’s learn- CLOUD use has nothing to do with the prod- ing. Interactive features allow inter- ucts or services they sell, they... faces that users can pick and choose Full story at http://goo.gl/rHN1o to satisfy their learning require- ments. Thai Watana Panich Press Baidu seeks Thai fan COMPUTING SOLUTIONS base via security Co (TWP), an 80-year-old company and one of Thailand’s leading pub- New ready-to-serve IT services by Hitachi. Baidu, China’s leading search engine lishers of mainly English-language We are experts in customizing systems to match company, yesterday announced the textbooks, has adjusted its business your requirements. We guarantee high security release of Baidu PC Faster 2.0, its se- to cope with the trend by launching and availability of system tools. curity and optimisation software for an eBooks app for children to learn the Thai market. Just four months languages. Examples of our Services have passed since the company in- • Virtual server – request IT resources on-demand troduced the beta version of the ap- Managing director Intira Bunnag • Data Center services – Co-Location, Virtual Hosting plication. said its Bright Kids sub-brand’s ap- (Exchange system, Webmail, Web hosting) plication features bilingual eBooks • Design, implement, and suggest best network “Our first-generation product has that provide an alternative method and IT infrastructure system solutions been downloaded over 1 million of language learning. The expansion • Multi-Language Accounting Program times, used by almost 400,000 users. is part of the company’s ambition to on Cloud (Japanese, English, Thai) That’s been a very good outcome so modernise and adjust its business to • Multi-Language HR Program on Cloud far,” spokesman Kaiser Kuo said. meet changes, she said. (Japanese, English, Thai) • Chemical Substance Management Program After expansive research of more “People everywhere are using gad- on Cloud – just log in and use, than 500 Thai internet users, Baidu gets, so this is an application that no server is required. saw an opportunity in the security they can download to help their market. The company says many children with language learning,”... FREE CONSULTATION! people face serious PC security and Full story at http://goo.gl/65hnT optimisation problems, and local Call now at 02 632 9292, #2132 software options are lacking. “There Turn the channel to ask about receiving a free gift. www.caliver.hitachi.co.th/eng were some products in anti-virus, Only two years after Warrasage but none of them specifically fo- Mathaakkaropat started selling Hitachi Asia (Thailand) Co., Ltd. cused on the Thai market, and none products on eBay, he was earning No.952 18th Fl., Ramaland Bldg., Rama IV Rd. of them presenting a one-stop solu- a profit of 10 million baht on the Bangrak, Bangkok 10500, Thailand tion including anti-virus protection, world’s largest consumer-to-con-
  • 11. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs 11 To read the fu enter the shor the story into ll article of a t code at the story brief, end ...added that the set aside a signi company had General Inte your browser: of budget of Bt20 ficant investment goo.gl/bH6P rest liam Shakespe are 0 million for over million to Bt300 seas Full story at http: expansion. F Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... seasons of the yea are cyclical _ wa the impact of s a blessing, as the mains 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo We are all fam rld told the CI Nasional of Malaysia, tion MB Asean Confe ly 12 percent of contribute to a the popula- slowdown est with the econo mic business cyc r ilia rence. the we aknesses of pension, while of expansion, con le His comme nts were... sion system are Thailand’s pen- covery. Howe traction and re- Full story ...sumer channel. “For a 23-year-old, next two years, up from a 16% this The shift of eco no mentum to the mic growth mo- phenomena affect... ver, other cyc lical at http://goo.gl/d fu2u Full story at htt p://goo.gl/rtpH 3 up numerous East has opened Full story at http://goo.gl/fJ Thailand near Preventingthat amount of money was mind- year. He said the goal is expected to Asian countries opportunities that olr of list of wor top Bangkok fromboggling,” said Mr Warrasage, who out, suggests an should not miss Panel: Asia bett be achieved, helped by increasing weakest pens ’s ld economist. off, not immun erEffective and ethical solutions for your commercial investigation, sinking biggesis now 31. the product range from notebooks, e, systems: studion computer forensics and intellectual property representation challenge t The robust eco no from global cr y China and em mic growth of ises Greece, India, Ch Land subsidence tablets and smartphones to expand will open a ne w erging economi es KUALA LUMPUR : The As requirements. are home to the ian cri- pensi ina and Thailan weake d water losses tops caused by groun d Asian economi opportunity for sis in the late 1990s was a on systems in st national lems that must the list of prob-A year later he set up a business in the customer base. wealth from tra es to increase the ir call for the reg wake-up cripp ion that has tur led by the world, ko k to be solved in Ba ng- de in goods an out to be ned eign debt, a mix of acute sover- clima mitigate the impact of thethe jewellery sector, which gained services at a tim d a blessing in young retire te chan hig Intellectual Property study by ge on flood Representations States and Europ when the United nearly 15 years later, as the guise  h ratios of pension ment ages, aInvestigations & ing, says e dis multinational age10 million baht during the first two Strengthening its distribution chan- e Full story at htt are... financial sec region’s ers an d p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, a ers to work- ncies. tain a certain degree  Pre-employment Screening sion is contained showed. The concluyears, and 100 million during the nels upcountry will also be a key Grow with th of shocks from e flow Western Hemi the fallout in the The Allia a report entitl ed “Climate Ris in of cycleslast two years. His aim? To find fast strategy to drive its market share. to a panellist sphere, accord nz Global an  stainability Invest Lie n- Med Ad s”, joi ing sion SuPolygraphs /ors PeDetectoraptation in Asian Coastal Tests ks ‘There is a tid at a recent As Index, wh gacitie ntly conducte conference. ean tracks thecash and sit around and play games Mr Pornthep said conventional men, which, tak e in the affair s of relative sustai ich Asian Development Bank d by the nabil  Surveillance systemcounter onal Cooperationthe Japan , l pension and - Internati surveillance ity of nationa leads on to for en at the flood, “There wiall day. But life was not as easy as he notebooks still controlled 85% of... tune”, wrote Wi l- future, an ll be more crises d the Asian in 44 cou in the showe ntries around the world, s and the World Bank in 2010. Agency crisis in tirees d the number of Greek re-  to peop Diligence Duehad hoped. He ended up 10 million Full story at http://goo.gl/keAcW le of working age The report recom re- Full story mended a...baht in debt after attempting to ex-  Company Background Checksp://goo.gl/20yMD at httpand his business overseas. “That Microsoft partnersmade me think of what I was really with top ITgood at, which is e-commerce. But distributors to We also offer Computer Forensic services, including:back then [when I was 25], therewere already 20 books in bookstores penetrate provinces  Electronic Data Acquisitions and Analysisabout how to make money on eBay,” Microsoft (Thailand) announced  Mobile Phone Examinationssaid Mr Warrasage. its “Geo Expansion” strategy, join-  Forensic Awareness Training ing with the two largest informa-  Data RecoveryThat was when he started working tion-technology distributors in theon Alibaba.com, a provider of on- country, Synnex and Ingram Micro,line market places facilitating in- aiming to double revenue within theternational and domestic trade in next 12 months. The move is meant Orion Investigations Co., LtdChina for small businesses. Now to pave the way for delivering new Phone : +66-2-714-3801 to 3 Fax: +66-2-714-3804Alibaba is the top business-to- products from Microsoft, including E-Mail: info@orioninv.co.thbusiness (B2B) website in Thailand, Windows Phone 8, Windows 8, and Website www.orioninv.co.th or www.orionforensics.comand within two years he was able to Office 365, as well as existing prod-pay off his debt. Mr Warrasage, also ucts such as Windows Server 2012managing director of IBB Interna- and Windows Azure. Thailand has 24 million internet us- up from 2% last year.tional Co, shared his story at a semi- ers and 18 million smartphone us-nar held by the International Trade Birathon Kasemsri Na Ayudhaya, ers, so there is potential for mobile He foresees huge potential in thePromotion Department, which last managing director of Microsoft commerce. Google research found sector, especially for smartphonesyear joined with eight local and in- (Thailand), said Geo Expansion was four out of five companies’ websites and tablets, thanks to the popular-ternational organisations in a bid to a strategy designed and developed in Thailand failed to serve smart- ity of mobile applications and socialbeef up the Thaitrade.com... to target small and medium-sized phone platforms. networking sites. “In Japan, onlineFull story at http://goo.gl/eCz16 enterprises with the aim to increase and mobile advertising makes up SME customers from 20,000 to The GoMo campaign at www. 17% of the total advertising budgetAsustek aims to 40,000 over the next year. “This is howtogomo.com/th provides tools this year, up slightly from 16% lastlead Thai notebook the first time Microsoft has concen- to evaluate how well a business’s year. Thailand is still in the earlymarket by 2014 trated so intently on Thailand. We website serves mobile users and a stages of growth,” said Dr Supachai. have assigned five people to work checklist of tools for mobile websiteAsustek, the world’s fifth-largest closely with both Synnex (Thailand) developers. Mr Ariya said Google The most recent marketing activitiespersonal computer maker, has set and Ingram Micro (Thailand) in five research found 20% of Thais access- of large corporations including Ad-an ambitious plan to overtake Acer’s regions throughout the country,” ing the internet this year were... vanced Info Service, Thai Airwaysdominance of the Thai notebook Birathon said. He added that this Full story at http://goo.gl/wRxfY and Charoen Pokphand Foods usemarket by 2014. Taiwanese note- strategy was designed for emerging the popular mobile communicationbook giant Acer controls a 30% markets like Thailand. “In the past Large companies toe application LINE as a channel to...market share in Thailand, while few years, Microsoft drew only 15 the LINE by raising Full story at http://goo.gl/rO3XVAsus has a 16% share, ranking No.2 per cent of its revenue from... mobile ad budgets Winning 3Gin the Thai market. Full story at http://goo.gl/3qCQK Upcoming 3G service and the in- bids approvedSales of notebook computers in Google Thailand creasing number of smartphone us- Unfazed by a series of legal chal-Thailand are expected to register pushes mobile ers in Thailand will encourage com- lenges, the national broadcasting2.2 million units this year, dragging commerce sites panies to increase their budgets for and telecom watchdog yesterday of-the notebook market into negative marketing and advertising on mo- ficially approved the winners of thegrowth with a contraction of 1% for Google has chosen Thailand as the bile, with 50% annual growth pro- 2.1-GHz spectrum auction and willthe first time, thanks to the prolif- first country in Southeast Asia to jected over the next five years, says hurry to grant licences to the threeeration of smartphones and tablets. launch its GoMo campaign to en- leading digital advertising agency bid winners. At the same time, the courage businesses to capitalise on McFiva (Thailand). Managing di- Finance Ministry sent a letter warn-Pornthep Watchara-amnouy, man- the proliferation of smartphone us- rector Supachai Parchariyanon said ing the watchdog that its spectrumaging director of Asustek Computer ers. A mobile site will be essential that by the end of this year, online auction did not comply with the(Thailand), said the company aims to the future success of business, advertising including mobile will ministry’s e-auction rules and couldto have at least a 25% share of the said Ariya Banomyong, the head of reach 3 billion baht or 3% of the to- be deemed as having helping...Thai notebook market within the Google Thailand. tal advertising budget in Thailand, Full story at http://goo.gl/49RI6
  • 12. 12 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com Briefs To read the full article of a story brief, enter the short code at the end of ...added that the company had set aside a significant investment budget of Bt200 million to Bt300 goo.gl/bH6PF million for overseas expansion. the story into your browser: Full story at http://goo.gl/bH6PFReal Estate 1.73 million. DTZ’s comprehensive range of ser- At Real Asset, vices covers business space, consult- The government is trying to pro- ing, hospitality management, ad- 8 projects ahead mote Hua Hin and Cha-am as new vice on commercial and residential Real Asset Development Co Ltd, http://goo.gl/hPK52 beach destinations for foreigners. property acquisitions and disposals, has announced eight residential Plans include a high-speed train occupier services, project and facil- projects worth a combined 7 billionHua Hin tourist link between Bangkok and Hua ity management, property manage- baht to be launched in the next 14boom enticing Hin. The Special Highway No.8 ment, residential sales and leasing months. Director Sakulthorn Juan- project will link Nakhon Pathom, agency services, retail consultancy groongruangkit said half of themdevelopers Samut Songkhram and Cha-am to and marketing leasing services, val- will be in this year’s fourth quarterRising tourist arrivals in Hua Hin reduce congestion on the Phetkas- uation of various types of properties and the rest spread throughout nextare attracting retail and residential em Highway to the southern prov- and land development. year.property developers, although in- inces. It will start in...frastructure development plans for Full story at http://goo.gl/VdKrJ Mr Porameth said the company is The focus will be on two segmentsthe seaside resort remain sketchy. now in talks with two condomini- _ townhouse/home offices (70% ofSurachet Kongcheep, the senior DTZ expands into um projects worth a combined 2.5 project values) and condominiumsresearch manager at Colliers Inter- condos, investment billion baht being built in Bangkok’s (30%). “Single houses are not ournational Thailand, said growth in Pathumwan district. The projects expertise, and condominiums areHua Hin’s tourist numbers has out- DTZ Thailand, a property consul- are due to be launched in next year’s quite risky,” Mr Sakulthorn said.stripped Pattaya’s rate. tant, is poised to raise its profile first quarter. and expand its business portfolio Most of the projects will be locatedThe Tourism Authority of Thailand to cover high-valued condomini- DTZ is also in talks with a Singapor- on or near Bang Na-Trat, Ram In-said tourist arrivals to Hua Hin to- ums and property investment apart ean hotel chain, a Thai private fund tra and Vacharapol roads in easterntalled 1.61 million last year, up by from retail. “We’re using more Thai and a Malaysian investor looking to Bangkok, while the condominiums49.1% from 1.08 million in 2010. connections in lieu of Singaporean acquire four- and five-star hotels in will be close to existing mass transitAt the same time, arrivals to Pattaya ones as we have done over the past Bangkok, Phuket and Pattaya. They lines. “We’re seeing a condo over-numbered 7.87 million, up by 13.4% 12 years,” said Porameth Chantana- have set a budget of 3 billion baht for supply in locations not close to massfrom 6.94 million. Cha-am, just up komes, the country head of DTZ, a 200-room hotel, he said. “The Sin- transit,” he said. Among the eightthe coast from Hua Hin, saw arriv- a UGL company, a global leader in gaporean investors are interested... new projects, only one will be a...als rise 6.79%,from 1.62 million to property services. Full story at http://goo.gl/LINPn Full story at http://goo.gl/5eLgc
  • 13. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs 13 To read the fu enter the shor ll article of a t code at the story brief, THE PALM ...added that the the story into end set aside a signi company had General Inte your browser: of budget of Bt20 ficant investment goo.gl/bH6P rest liam Shakespe are 0 million for over million to Bt300 seas Full story at http: expansion. F Sponsored by Nature and life in JuliusCaesar. 1997-98 //goo.gl/bH6PFUse the QR Code reader in your ... are cyclical _ wa the impact of s a blessing, as the mains Beachfront Condos seasons of the yea 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo rld told the CI Nasional of Malaysia, tion ly 12 percent of contribute to a the popula- Call to find out how. We are all fam MB Asean Confe slowdown est with the econo of expansion, con mic business cyc r ilia We have Prices Lower than le His comme rence. the we aknesses of pension, while sion system are Thailand’s pen- project with investment size of not covery. Howe traction and re- Full story the Developer Does! nts were... ...Suvarnabhumi The shift of eco no mentum to the mic growth mo- phenomena affect... over US$100 million,” said Mr Ong. up numerous East has opened Full story at http://goo.gl/fJ ver, other cyc lical at http://goo.gl/d Thailand near fu2u Full story at htt Preventing p://goo.gl/rtpH 3 topremains prime Asian countries opportunities that out, suggests an should not miss Panel: Asia bett olr of list of wor weakest pens ’s ld Bangkok fromtrading location He said the reasons for entering the The robust eco economist. off, not immun er from global cr Developer Pricing is e, systems: studion y sinking bigges challenge t property markets in Thailand andno China and em mic growth of erging economi 104,000/sqm & higher... ises Greece, India, Ch ina and Thailan Land subsidence caused by groun es KUALA LUMPUR : The As are home to the d water lossesLocations near Suvarnabhumi air- Myanmar were different, given their will open a ne w Asian economi opportunity for sis in the late 1990s was a ian cri- pensi weake tops on systems in st national lems that must the list of prob- dport are expected to become more wealth from tra services at a tim es to increase the vastly different levels of economic ir call for the reg de in goods an out to be d Starting at 2.3M Baht wake-up cripp ion that has tur a blessing in led by young retire the world, ko k to be solved in Ba ned eign debt, a mix of acute sover- clima mitigate the impact of the te change on ng- – 89,000/sqm – e disattractive over the next three years, development. In Thailand, he and States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, says e Full story at htt are... financial sec region’s ers an d ers to work- ational agencies . p://goo.gl/S65D6 able to sus tor is now strong and study poor pension take-up, amainly among import-export and his partners first explored an... from RE/MAX Integrity! tain a certain showed. The conclusio Grow with th of shocks from degree a report entitl n is containe d inlogistics providers, once Asean inte- Full story at http://goo.gl/0gzKc of cycles e flow Western Hemi to a panellist the fallout in sphere, accord the The Allia nz and Ad ed “Climate Ris ing sion Susta Global Investors Pen- Megac aptation in Asian Coastal ksgration takes place. Visit Kittiudom, at a recent As ina ean tracks the bility Index, which Asian ities”, jointly conducted by thepresident of the medium-sized de- BLAND goes‘There is a tid men, which, tak e in the affair s of leads on to for en at the flood, “There wi conference. ity of nationa relative sustai l pension sys nabil- Internati Development Ba nk, onal Cooperatio the Japanveloper Rungkit Real Estate Co, said all out for tune”, wrote Wi l- future, an ll be more crises d the Asian in 44 cou in the showe ntries around the world, crisis in tirees d the number of Greek re- tems and the World Bank in n Agency 2010.prospects for areas near the airport Muang Thong Thani to people of wo rking age re- The report recom Full story at htt mended a... p://goo.gl/20yMDremain promising despite signifi- The listed developer Bangkok Landcant increases in land prices. Cur- Plc vows to become more aggressiverent prices for a large plot on the in the property sector, planning tomain road are 6.5 to 7.5 million baht spend 2 billion baht to develop newper rai, up from 4 million last year. projects at Muang Thong Thani and sell 600 rai on Srinakarin RoadImport-export, logistics and insur- worth 7.2 billion baht. Chairmanance businesses are the main buy- Anant Kanjanapas said the com-ers of home offices in locations near pany also aims to invest 600 millionSuvarnabhumi, with Chinese, South baht to develop a mass transit sys-Korean, Japanese and Taiwanese tem at Muang Thong Thani linking Your Pattaya Investment Property Experts!buyers looking for housing units in with the MRT Pink Line (Khae Rai- We have many opportunities that are cheaper than the developer!the locale. “When the Asean Eco- Pak Kret and Min Buri). Bangkok Office Pattaya Office 3/8 Sukhumvit 49 414/39 Soi Bongkotnomic Community is implemented Wattana, Bangkok Banglamung, Chonburiin 2015, these locations will attract Bangkok Land’s aggressive stance remax-integrity.co info@remax-integrity.cogreater demand from traders,” said comes after the company achieved a Office 02-662-7884 | Mobile 084-086-0228Mr Visit. deal to buy back 44.82% of shares in Impact Exhibition Management CoRungkit itself stepped into locations from South East Asia Opportunitiesnear Suvarnabhumi a decade ago, Fund Ltd for 2.7 billion baht. Fivedeveloping 24 housing projects. The years ago, the fund bought the samecompany plans to expand new... amount of shares in Impact Exhibi-Full story at http://goo.gl/dyYAf tion Management for 7 billion baht. www.juslaws.com “Despite selling at a loss, the fundMalaysian wants to sell the shares back to us,... Looking at purchasing property in Thailanddevelopers look Full story at http://goo.gl/WXNah but don’t know where to start?beyond home turf Industrial estateThe limited amount of land avail- • Acquisition Methods • Contract Reviewable in Penang, Malaysia is driving boom to continue • Title search on the property • Assistance with Transfera local property developer and his The Industrial Estate Authority of • Due Diligence • Banking Assistancecolleagues to seek opportunities Thailand expects a good year in fis-in other Asean countries, particu- cal 2013 as land sales and rentals in free consultation Bangkok Office: 1104/157 Noble Cube, Pattanakarn Roadlarly Thailand, Myanmar and Laos. the first 11 months of fiscal 2012 Tel: (66) 02.187.2640 - 1 • Email: Bangkok@juslaws.comSteven Ong, a director and share- surged well past the full-year target. Phuket Office: The Royal Place, 96/14 Chalermprakiet Ror.9 Rd holder of AEC Property Develop- The authority’s target was 2,500 rai Tel: (66) 076.304.353 – 5 • Email: Phuket@juslaws.comment, said land in Penang was fully for the 2012 fiscal year, but rent-developed and he had decided to als and sales totalled 3,843 rai (615 per cent, or 39 operations, were in the owners are genuinely commit-seek more opportunities elsewhere. hectares) in just 11 months, up 4.4 steel and other metal products, and ted to it. The latest LEED PlatinumHe views Thailand as a good centre per cent from the same period a 1.5 per cent, or three operations, award for Existing Buildings Op-from which to expand, especially to year before, said IEAT governor were in rubber and plastic. One op- erations and Maintenance providedMyanmar, which is embarking on a Verapong Chaiperm. eration was in electrical appliances proof of that, as it was given to Siamnew era of economic development. and electronics, Verapong said. Cement Group, Thailand’s top in- Of the total, 3,806 rai belonged to dustrial conglomerate, for the reno-Six individual developers from industrial estates and 37 rai to the IEAT has set the fiscal 2013 target vation of its three-decade-old office.Malaysia and one from Thailand, IEAT. About 195 operators bought for industrial estates’ land sales and SCG spent 110 million baht over 18Thanongsak Hutanuwat, who has or rented the land. Of these, 40 per rent to be no less than 3,800... months to make its buildings en-connections with local investors cent were Thai, 30 per cent Japa- Full story at http://goo.gl/4pQ3a vironmentally friendly at its head-in Myanmar, have formed AEC to nese, 15 per cent Chinese, 5 per cent quarters in Bang Sue. It is the firstinvest in the property business in American, 5 per cent Australian and Renovate, don’t build company in Asean to receive theThailand, Myanmar and Laos. “We 3 per cent South Korean. Of total Energy-efficient buildings are not award, which is the highest level ofexpect to have the first project in operations buying or renting land, exclusive to new developments. Old recognition for green constructionMyanmar within the next six to 12 73.3 per cent, or 143 operations, office buildings can be renovated to certified by the US-based Green...months. It might be a small-scale were in the automotive industry, 20 become green buildings as long as Full story at http://goo.gl/eTvu2
  • 14. 2 BANGKOK BU SINESS BRIEF December 20 1114 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs www.bangkokbusinessbrief.com To rea enter the sto General Inte rest liam Shakespe are The Chambers Sponsored by Nature and life Use your smartphone’s QR Code ... seasons of the yea ar the phases of the r scanner or enter the short code to http://goo.gl/o zbNM Caught up in da m ily Asia stands to ily forget that go directly to AMCHAM’s website. gain from W has cycles, too. the b We a slowdown est with the econo mi of expansion, con c The American Chamber of Commerce The shift of eco covery. Howe tra no ver, o mentum to the mic growth mo- phenomena affect... up numerous East has opened Full story at http://go opportunities Asian countries that out, suggests an should not miss Panel: Asia b in Thailand (AMCHAM) economist. off, not immu The robust eco China and em nomic growth from global c of erging economi will open a ne es KUALA LUMPUR : Th w Asian economi opportunity for sis in the late 1990s was es wealth from tra to increase their call for the region that de in goods an out to be 7th Floor, GPF Witthayu Tower A, 93/1 Wireless Road, services at a tim d a blessing i e States and Europ when the United nearly 15 years later, as t e are... financial sector Full story at htt is now s Lumpini, Pathumwan, Grow with th p://goo.gl/S65D6 able to sus tain of shocks from a certa e flow Western Hemi the fallo Bangkok 10330 of cycles ‘There is a tid to a panellist conference. sphere, at a rece e in the affair men, which, tak s of Tel: +66 (0)2 254 1041 leads on to for en at the flood, “There wi tune”, wrote Wi l- future, an ll be more cris d the Asian Fax: +66 (0)2 251 1605 Website: www.amchamthailand.com Email: service@amchamthailand.com http://goo.gl/mbUpG2012 AMCHAM/FedEx Career Camp • Career and personal development seminars at the AIA Training Center; • Site visits at AMCHAM member companies;Prepares Students For Professional Life • A Career Night panel discussion;In 2012, the AMCHAM Thailand Charitable Foundation (ATCF) award- •  ock job interviews conducted by HR professionals from AMCHAM Med scholarships to 150 Thai students who demonstrated academic excel- member companies.lence and financial need. The students came from 17 universities located • A social bowling nightthroughout Thailand, including Mae Fah Laung University, Khon KaenUniversity and Wailailuk University. The program concluded at AMCHAM’s Membership Luncheon, held at the Imperial Queen’s Park Hotel, where each student joined members forA hallmark of the program, the AMCHAM/FedEx Career Camp, helps lunch and were recognized for their accomplishments.prepare final year recipients for graduation to the professional world byproviding the students a four-day career preparation program in Bangkok. AMCHAM thanks FedEx and all companies who supported the 2012This year, 41 students participated in the professional education program. Career Camp.Over the course of four days, from October 14-17, students attended morn-ing to evening career preparation sessions and social activities, including:Ambassador’s Coffee BriefingOn the morning of October 5, U.S. Ambassador Kristie Kenney openedher lovely and historic official residence to AMCHAM company desig-nates and U.S. Embassy officers. Career Camp Students with ATCF committee chair Jonathan Frazer, FedEx ManagingThe “Coffee Briefing” is a regular AMCHAM event that provides AM- Director Dave Carden and AMCHAM Executive Director Judy BennCHAM members and Embassy officers the opportunity to network andshare information. Ambassador Kenney was joined by lead officers 2013-2014 Board Of Governors Electionsfrom the U.S. agencies and Embassy sections stationed in Bangkok. At the October 17 Monthly Membership Luncheon and General Elec- tions, the following members were elected to the 2013-2014 Board ofAMCHAM thanks Ambassador Kenney for her hospitality and looks Governors:forward to the next Coffee Briefing. Also, AMCHAM thanks Coffee- • Martin Apfel, President, General MotorsWorks for providing the gourmet coffee that helped make the event a • Pierre Breber, Managing Director, Chevrongreat success. • Darren Buckley, Country Head, Citibank • Milind Pant, Managing Director, Yum Restaurants • David Nardone, CEO, Hemaraj & Development • Jane Purananada, General Manager, Dej-Udom & Associates • Janice Van Ekeren, Chief Financial Officer, Bank of Ayudhya The recently elected Board Governors members will join the following Governors serving their 2012-2013 terms: • John Atanas, Managing Director, Esso • Matt Bradley, President, ASEAN, Ford Motor Company • Mike Diamente, Managing Director, Dana Spicer • Doug Harter de Weese, Managing Director, Vektor Telematics • Pornlert Lattanan, MD, Government & Commercial, General Electric • David Lyman, Chairman & Chief Values Officer, Tilleke & Gibbins • Jeffrey Nygaard, Vice President, Thailand & Penang Operations • Dee Richmond, General Manager, AgriSource U.S. Embassy Economics Officer Carol Hanlon, AMCHAM Committee Chair DennisBerkompas, AMCHAM President Joe Mannix and U.S. Consul General Elizabeth Pratt AMCHAM thanks all members who stood for election.
  • 15. 2 BANGKOK BU SINESS BRIEF December 20 11www.bangkokbusinessbrief.com Mid-November/Mid-December 2012 BANGKOK BUSINESS BRIEF Briefs 15 To re enter the sto General Inte rest liam Shakespe are The Chambers Sponsored by Nature and life Use your smartphone’s QR Code ... seasons of the yea ar the phases of the r scanner or enter the short code to http://goo.gl/o zbNM Caught up in da m ily Asia stands to ily forget that go directly to AustCham’s website. gain from W has cycles, too. the b We slowdown est with the econo mi of expansion, con c The Australian-Thai Chamber The shift of eco covery. Howe tra no ver, o mentum to the mic growth mo- phenomena affect... up numerous East has opened Full story at http://go opportunities Asian countries that out, suggests an should not miss Panel: Asia b of Commerce (AustChamThailand) economist. off, not immu The robust eco China and em nomic growth from global c of erging economi will open a ne es KUALA LUMPUR : Th w Asian economi opportunity for sis in the late 1990s wa es wealth from tra to increase their call for the region that de in goods an out to be 20th Floor, Thai CC Tower, 889 South Sathorn Road, services at a tim d a blessing i e States and Europ when the United nearly 15 years later, as t e are... financial sector Full story at htt is now Yannawa, Grow with th p://goo.gl/S65D6 able to sus tain of shocks from a certa e flow Western Hemi the fallo Bangkok 10120 of cycles ‘There is a tid to a panellist conference. sphere, at a rece e in the affair men, which, tak s of Tel: +66 (0)2 210 0216-8 leads on to for en at the flood, “There wi tune”, wrote Wi l- future, an ll be more cris d the Asian Fax: +66 (0)2 675 6696 Website: www.austchamthailand.com Email: admin@austchamthailand.com http://goo.gl/N47Gg AustCham Events for Your Calendar in November - DecemberThe Convoy for Kids November 2012 Day Out Foundation for kids in Bangkok and 50 hill tribe children from the MaeDate: Sunday 25 November Sot area.Time: 08:00 – departure of trucks and buses from PakredCost: aht 60 – entrance cost to The Institute of Marine Science B For your pledges, please email: (free for children) Khun Varin at varin@austchamthailand.com B  aht 90 – lunch for adults and children who are not from the David Mills at davidbmbkk@gmail.com charities participatingLocation: Bang Saen Beach Phuket Sundowners Date: Friday 30 NovemberThis will be the 13th Convoy for Kids event since the start in the year 2000. Time: 18:00 – 21:00 (last drinks served at 20.30)In 2011 CFK had to cancel the event due to the serious floods in Thailand. Cost: Baht 400 for membersIn order to give the kids some fun, they organised a fun day on Sunday the Baht 600 for non-chamber members11 March this year at The Sri Sang Wal School to make up for the loss of Location: Hog’s Breath Café, Patong Promenade Level 3 Shop B 301, the normal November event. 70 Bangla Rd Patong, KathuThis year CFK will take a total of 300 children to The Bang Saen Institute Phuket Sundowners is a great opportunity to meet local business peopleof Marine Science and then on to Bang Saen beach. As well as 100 children and imports from Bangkok in a social and friendly environment. Forfrom The Sri Sang Wal School we will be taking 50 kids from Sister Joan’s more information: Please visit www.austchamthailand.com or emailKlong Toey Slum Project, 40 from The Bang Seu Project, 35 from an AIDS varin@austchamthailand.com Recent Highlight EventsAustcham’s BlueScope AFL Grand Final DayAustcham’s annual Grand Final Day not only delivered anothersuccessful event in the true Aussie fashion of cold beer, meat pies andfriendly rivalry but this year also gave us a game of drama and suspense.Has there ever been a gutsier win than Sydney’s 10 point triumph overHawthorne, a tipped favourite? Needless to say a great day was had byour Australian community here and other interested nationalities thatjoined the revelry.Kicking off with breakfast and fine Aussies Sparkling, game day onlygot better with a charity raffle, prize give aways and that nail-biting winby Sydney! Some of the fantastic prizes given away on the day includedsports memorabilia, spa treatments, luxury accommodation vouchers,and many many more including our major prize of 2 tickets to Australiagenerously donated by Singapore Airlines.A memorable day was had by all guests and our thanks and appreciationmust once again go to AFL AustCham Director, Sam Mizzi for co-ordinating another enjoyable day as well as our event supporters fortheir contributors: Lady Pie, ASIAN Tigers Mobility, The Coffee Cluband Berlitz.
  • 16. 2 BANGKOK BU SINESS BRIEF December 20 1116 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs www.bangkokbusinessbrief.com To re enter the sto General Inte rest liam Shakespe are The Chambers Sponsored by Nature and life Use your smartphone’s QR Code ... seasons of the yea ar the phases of the r scanner or enter the short code to http://goo.gl/o zbNM Caught up in da m ily Asia stands to ily forget that go directly to BCCT’s website. gain from W has cycles, too. the b We slowdown est with the econo mi of expansion, con c British Chamber of Commerce Thailand The shift of eco covery. Howe tra no ver, o mentum to the mic growth mo- phenomena affect... up numerous East has opened Full story at http://go opportunities Asian countries that out, suggests an should not miss Panel: Asia b (BCCT) economist. off, not immu The robust eco China and em nomic growth from global c of erging economi will open a ne es KUALA LUMPUR : Th w Asian economi opportunity for sis in the late 1990s wa es wealth from tra to increase their call for the region that de in goods an out to be 7th Floor, 208 Wireless Road, services at a tim d a blessing i e States and Europ when the United nearly 15 years later, as t e are... financial sector Full story at htt is now Lumphini, Pathumwan, Grow with th p://goo.gl/S65D6 able to sus tain of shocks from a certa e flow Western Hemi the fallo of cycles Bangkok 10330 ‘There is a tid to a panellist conference. sphere, at a rece e in the affair men, which, tak s of Tel: +66 (0)2 651 5350-3 leads on to for en at the flood, “There wi tune”, wrote Wi l- future, an ll be more cris d the Asian Fax: +66 (0)2 651 5354 Website: www.bccthai.com Email: Greg@bccthai.com http://goo.gl/Vav3QABOUT Networking Opportunities Sports & SocialEstablished since 1946, British Networking Evenings are held The BCCT organises annual foot- corporates a small library provid-Chamber of Commerce Thailand once a month in Bangkok and the ball tournament and occasional ing access to UK and Thai trade(BCCT) currently has a member- Eastern Seaboard. Events are also golf events. The Annual Christmas directories/CD ROMs, Chambersship of approximately 600, with held in Chiang Mai and Phuket Luncheon is the BCCT’s major of Commerce handbooks, busi-nearly 3,000 named representa- throughout the year. Networking social event with approximately ness journals and magazines.tives covering a broad cross-sec- events are open to members and 700 guests consisting of members, There is also a small meeting roomtion of business interests in Thai- non-members thus widening the their friends, families and busi- available for members use duringland. networking base for BCCT mem- ness associates coming together to office hours. bers and providing public rela- celebrate the festive season.The BCCT is one of the most ac- tions exposure. For more information visittive foreign chambers in Thai- Business Presentations Office Hours www.bccthai.com or like us onland, holding close to 100 events A number of special interest top- Open weekdays from 8.30 am – Facebook ‘British Chamber ofthroughout the year. These range ics are presented by experts ei- 5.30 pm, the BCCT office also in- Commerce Thailand’.from special lectures, presenta- ther over breakfast briefings,tions and panel discussions with luncheons, or evening panel dis-guests from the Thai and UK gov- cussions. Guest speakers have in-ernment representatives, and the cluded Prime Ministers of Thai-business sectors. Networking eve- land, key government ministersnings are held monthly in Bang- from Thailand and the UK, Britishkok and the Eastern Seaboard. Ambassadors to Thailand, senior officials or senior executives fromBCCT aims to foster partnerships Thailand and the UK.and strengthen ties between Thai- Training workshopsland and the UK. Activities are Workshops on key business anddedicated to building networks, management skills for junior andconnecting business and creating mid level are conducted severalopportunities for members. Our times a year. Workshops are con-focus is on serving the needs and ducted in Thai and adopt a partici-facilitating opportunities for our pative approach. They range frommembers. The BCCT has a seat half day to three days.on the Board of Trade of Thailand Business Introductions/Referralsand is active in representing mem- Members can utilise the experi-bers’ interests. ence and knowledge of BCCT executive office staff to facilitateMembership is open to companies direct business introductions toand individuals of all nationalities. other member companies, for face-to-face meetings with visitorsACTIVITIES/SERVICES from overseas, etc. The ExecutiveBCCT Website: www.bccthai.com Director also meets businessmenThe BCCT website is the major during his visits to the UK.communications vehicle for the CharitiesBCCT. Members can find the lat- The BCCT also supports a wideest business reports, access to range of children’s and education-comprehensive list of contacts of based charities in Thailand. Thethe BCCT members list, news and Chamber works closely with thespecial members benefits offered British Community in Thailandby other members, amongst other Foundation for the Needy (BCT-useful information collected in FN), which organises the Annualone site. Ploenchit Fair.
  • 17. 2 BANGKOK BU SINESS BRIEF December 20 1118 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 Briefs www.bangkokbusinessbrief.com To re enter the sto General Inte rest liam Shakespe are The Chambers Sponsored by Nature and life Use your smartphone’s QR Code ... seasons of the yea ar the phases of the r scanner or enter the short code to http://goo.gl/o zbNM Caught up in da m ily Asia stands to ily forget that go directly to a Chamber’s website. gain from W has cycles, too. the b We slowdown est with the econo mi of expansion, con c covery. Howe traBelgian-Luxembourg/ Japanese CC (JCC) Thai-Canadian CC (TCCC) The shift of eco Thai-Norwegian CC (TNCC) no mentum to the mic growth mo- phenomena affect... ver, o 3601 36th Floor, Q Houses up numerous East has opened Full story at http://goThai CC (BeLuThai) Lumpini Bldg., 139 Pan Road, 888/142 Ploenchit Rd, 14th Fl., Asian countries opportunities that15 Soi Tonson, Sethiwan Tower, 9th Floor, out, suggests an should not miss Panel: Asia b Mahatun Plaza, South Sathorn Rd., Silom, Bangrak, Lumpini, Pathumwan, economist. off, not immuPloenchit Road Tungmahamek, Sathorn The robust eco nomic growth from global cLumpini, Pathumwan Bangkok 10500 Bangkok 10330 China and em erging economi of es KUALA LUMPUR : Th Bangkok 10120 Tel: +66 (0)2 266 6085/6 will open a ne Tel: +66 (0)2 650 8444 wBangkok 10330 Tel: +66 (0)2 677 7393 Asian economi opportunity for sis in the late 1990s wa es wealth from tra to increase their call for the region thatTel: +66 (0)2 309 5250 Fax: +66 (0)2 266 6087 Fax: +66 (0)2 627 3042 de in goods an out to be Fax: +66 (0)2 677 7394 Website: www.tccc.or.th services at a tim Website: www.norcham.com e d a blessing i States and Europ when the United nearly 15 years later, as tWebsite: www.beluthai.org Website: www.mtcc.or.th Full story at htt e are... financial sector is nowEmail: info@beluthai.org Email: tccc@loxinfo.co.th Email: contact@norcham.com p://goo.gl/S65D6 able to sus tain of shocks from a certa Email: admin@mtcc.or.th Grow with th e flow Western Hemi the fallo of cycles to a panellist sphere,Danish-Thai CC (Dancham) Korean-Thai CC (KTCC) Thai-Pakistan CC (TPCC) ‘There is a tid conference. at a rece Thai-Chinese CC (Thai-CC) men, which, tak e in the affair s of34 C.P. Tower 3, 9th Floor 6th Fl. Rajapark Bldg, Thai Samut Asset Co., Ltd., leads on to for en at the flood, “There wi Thai C. C. Tower 9th Fl., tune”, wrote Wi ll be more crisTower A, Phayathai Road, 163 Asoke Sukhumvit 21 Rd, Unit J, 16th Floor, l- future, an d the Asian 889 South Sathorn Rd.,Ratchathewi, Klong Toey Nua, Wattana 163 Suriwongse Road, SathornBangkok 10400 Bangkok 10110 Bangrak, Bangkok 10120Tel: +66 (0)2 354 5220 Tel: +66 (0)2 204 2503 Bangkok 10500 Tel: +66 (0)2 675 8577-84Fax: +66 (0)2 354 5221 Fax: +66 (0)2 204 2504 Tel: +66 (0)2 634 0147-8 Fax: +66 (0)2 212 3916-7Website: www.dancham.or.th Website: www.korchamthai.com Fax: +66 (0)2 634 0149 Website: www.thaicc.orgEmail: contact@dancham.or.th Email: ktcc@korchamthai.com Website: http://goo.gl/Z1VOd Email: info@thaicc.org Contact: http://goo.gl/OKPmC Thai-Finnish CC (TFCC) Thai-Russian CC (TRCC)Franco-Thai CC (FTCC) C/O Netpoint SEA Ltd.5th Floor, Indosuez House, Netherlands-Thai CC (NTCC) 14th Floor Loxley Bldg, 2nd Floor Wandee Siam Bldg, 102 Na Ranong Road,152 Wireless Road, 15 Soi Tonson, Ploenchit Road 58/84 Muangthong Thani,Lumpini, Pathumwan, Lumpini, Pathumwan, Klong Toey, Chaengwattana, Klongklua, Bangkok 10110Bangkok 10330 Bangkok 10330 Nonthaburi 11120Tel: +66 (0)2 650 9613-4 Tel: +66 (0)2 309 5250 Tel: +66 (0)2 348 8873 Tel: +66 (0)2 574 2879-80 Fax: +66 (0)2 240 3307Fax: +66 (0)2 650 9739 Website: www.ntccthailand.org Fax: +66 (0)2 574 2877Website: www.francothaicc.com Email: info@ntccthailand.org Website: www.trcc.or.th Website: www.thaifin.or.th Email: admin@trcc.or.thEmail: contact@francothaicc.com Email: tfcc@thaifin.or.th Thai-Hong Kong Thai-Swedish CC (TSCC)German-Thai CC (GTCC) New Zealand Thai CC (NZTCC) Trade Association (THTA) 34 C.P Tower 3,25th Fl., Empire Tower 3, 9th Floor, ITF Tower, Empire Tower, 25th Floor, 9th Floor Tower A,195 South Sathorn Road, 140/26 Silom Road, 195 South Sathorn Road, Phyathai Rd,Yannawa, Sathorn, Bangrak, Yannawa, RatchathewiBangkok 10120 Bangkok 10500 Bangkok 10120 Bangkok 10400Tel: +66 (0)2 670 0600 Tel: +66 (0)2 634 3283 Tel: +66 (0)2 343 9000 Tel: +66 (0)2 354 5229-31Fax: +66 (0)2 670 0601 Fax: +66 (0)2 634 3004 Fax: +66 (0)2 343 9029 Fax: +66 (0)2 354 5232Website: www.gtcc.org Website: www.nztcc.org Website: www.thta.or.th Website: www.swecham.comEmail: services@gtcc.org Email: director@nztcc.org Email: thai-hongkong@thta.or.th Email: contact@swecham.com Singapore-Thai CC (STCC) Thai-Taiwan Thai-Israel CC (TICC)India-Thai CC (ITCC) 193/8 Lake Rajada Business Association (TTBA) 14th Fl., Manorom Building,No. 13, Sathorn Soi 1, Office Complex, 1st Floor No. 30/207 Sukhumvit Soi 39, 3354/45 Rama 4 Rd.,Thungmahamek, Sathorn, Rachadapisek Road, Sukhumvit Rd., Klongton, Klongtoey,Bangkok 10120 Klongtoey, Klongtoey, Kiongtannua, Bangkok 10110Tel: +66 (0)2 287 3001 Bangkok 10110 Bangkok 10110 Tel: +66 (0)2 672 7020Fax: +66 (0)2 679 7720 Tel: +66 (0)2 264 0680-4 Tel: +66 (0)2 662 7335-6, 662 7385 Fax: +66 (0)2 672 7021Website: www.itcc.or.th Fax: +66 (0)2 264 0688 Fax: +66 (0)2 662 7382 Website: www.thaisraelcc.comEmail: info@itcc.or.th Website: http://goo.gl/WrTpX Website: www.ttba.or.th Email: ticc@thaisraelcc.com Contact: http://goo.gl/L727M Email: ttba@ttba.or.th South African-Thai CC Joint Foreign CC of ThailandIrish Thai CC (ITCC) Thai-Italian CC (TICC) (JFCCT)Maneeya Center Bldg, 7th Fl, (SATCC) 1126/2 Vanit II Bldg, 16th Fl, 10/143 (1503A), 15th Fl, 38th Floor, State Tower518/5 Ploenchit Road, 1601B New Petchburi Rd., 1055/914 Silom Rd,Lumpini, Pathumwan, Trendy Bldg, Soi Sukhumvit 13, Makkasan, Rajdhevee, Klongtoey-Nua, Wattana Silom, Bangrak,Bangkok 10330 Bangkok 10400 Bangkok 10500Tel: +66 (0)2 652 0848 Bangkok 10110 Tel: +66 (0)2 255 8695 Tel: +66 (0)2 168 7416-7 Tel: +66 (0)2 630 6307Fax: +66 (0)2 652 0671 Fax: +66 (0)2 253 9896 Fax: +66 (0)2 630 6303Website: www.irishthaicc.com Fax: +66 (0)2 168 7418 Website: www.thaitch.org Website: www.satcc.net Website: www.jfcct.orgEmail: info@irishthaicc.com Email: info@thaitch.org Email: secretary@jfcct.org Email: satcc@satcc.netJapanese CC (JCC) Swiss Thai CC (STCC) Bangkok Business Brief is offering a new service15th floor Amarin Tower, Bangkok Business Centre to promote your business in a unique way – video interviews on our500 Ploenchit Road, Building, 18th Floor, Unit 1802 website’s homepage for a month. Advertorial videos not welcome here!Kwang Lumpini, Khet Patumwan #29, Sukhumvit 63 Road, Your company will provide actual, relevant content that will be of interestBangkok 10330 Bangkok 10110 to our viewers and show that your company is knowledgable in its field, soTel: +66 (0)2 256 9170-3 Tel: +66 (0)2 714-4177 that they will seek you out in a professional capacity. We can recommend aFax: +66 (0)2 652 0931 Fax: +66 (0)2 714-4179 one-stop production service that can work with you to create your video.Website: www.jcc.or.th Website: www.swissthai.comEmail: info@jcc.or.th Email: info@swissthai.com Contact Andy Hyde at andy@bangkokbusinessbrief.com for more details and rates.
  • 18. www.bangkokbusinessbrief.com Mid-November/Mid-December 2012 BANGKOK BUSINESS BRIEF 19Asia. That’s why things are booming here. I was just down in Singapore, cycle where we take the opposite view of our fathers.and I didn’t see one shop that was vacant. You can’t say that about the Phila-delphia area, that’s for sure. BBB: For our fathers, there was a housing boom in the 1950s. Now, cor- relate that to Asia, where a housing boom is just beginning.I liked history. I understood what was available. I thought, “Gee I could puttogether the monetary system and see what happened.” Rome collapsed, MA: Yes, 1997 was the first push out. Then you had the Asian currencyeverybody knew about that, but how fast? When I actually starting put- crisis. But it built it’s base. You look at the charts and the currency has beenting the database together, I saw that it wasn’t a 1,000-year decline; it was a coming back. There’s a much more stable base now than it was back then.13-year drop. Boom! It was fast. I did Venice and Byzantine, they were all China still has some of the same problems too, like the early volatility. Butvery rapid. When China hit 1989 and then the Berlin Wall falls six months longer term, the financial wherewithal is coming this way.later, everyone said it was because of communications. No. That’s the wayit’s always been. Rome overthrew it’s tyrants in 509 BC, and in less than a As far as the legal system is concerned, you’re starting to see a little bit of ityear, Athens is creating a democracy and overthrowing its tyrants. It’s the in Singapore, where they’re kind of anti-foreigner. They think outside thesame thing. These things spread very rapidly. You didn’t need phone lines box a little bit more than in the West, which I think is good.to go from Rome to Athens. You could take a ship in a few days. It was goodenough. The cycle is generally about 50-some years. It’s an anomaly that people don’t understand. When an economy is actually collapsing, people need money,But when you put all this stuff together, which is what my background en- so then they bring back their foreign investments back. And as they do,abled me to do, I knew that the data could be extracted from it. What was currency actually rises. The peak of the U.S. dollar comes at the low in 1932.interesting is you begin to see that as empires rise and fall, the financial You would think it should go the opposite way. It feeds it in. As the yen goescapital of the world moves. up to record highs, it reduces exports, increases unemployment, so it’s actu- ally part of the cycle of the ‘final low.’BBB: How does that fit into your Pi theory, the 8.6-year cycle? How farback can you extrapolate that? It’s the same way central banks don’t understand interest rates: “We’ll take them to zero, maybe then somebody will borrow.” Well, you’ve wiped outMA: All the way back. I’m putting out a book – it declines even in the late all the elderly, there’s no way you can earn anything from savings and even-Roman/Byzantine period, 52-year decline, and then it reverses. The timing tually what happens is people see 7% dividends versus 0.5% in a bank andof it has been universal. Everything is incorporated in war, weather, a lot of they begin to move into the equities, as what happened in 1925. Takingit is natural functions. People misinterpret... they think a ‘cycle’ means it’s interest rates to zero isn’t going to get people to borrow unless they see anpredetermined. It’s not. Each of us has our own cycle of learning when we’re opportunity.young, you’re the guy that’s buying high and selling low, then we get olderand we become the guy who sells high. I think maybe it’s a generational The only concern with the ‘carry trades’ is the question of sovereign debt. All southern Europe is a concern. The attitude is that “if the Euro cracks, we’ll have the Deutsch Mark.” But I think the elections [in Germany] will be interesting. BBB: Let’s go back to Asia, specifically Thailand. How much experience do you have in Asia and Thailand personally? MA: We haven’t done a lot of business in this particular area. Singapore, and we had an office in Hong Kong for years, and China. China is substan- tially different than a lot of people realize. When the Asian currency crisis hit, I was invited there. At first, I was expecting the same bureaucratic non- sense, and I wasn’t really sure why they were calling me rather than a pure academic. When I got here and I met the central banker and the guys came into the room, I found it very unusual – they were all traders. They had sent people out working on all the desks in Tokyo, London, and then they came back to run the bank. Whereas you meet the Fed, you’re just meeting with a bunch of Ph.Ds that can’t tie their shows and chew gum at the same time. At the Bank of China, they only hire people with experience. Then I understood why they called me. They took me to a building with huge satellite dishes, surrounded by tanks, with 300-400 people surfing the Internet, just pulling down absolutely everything. They wanted me to help them answer questions. They were monitoring 249 varieties of tea. Unlike the Russians, they just actually stood back and watched. And they were dumbfounded by the fact that one tea was trading at one price in this part of the country and another price over here. The Russians would interfere. Coming out of communism, they were used to one price. So the Chinese wanted me to explain why this was happening. I think that’s why China has boomed, more so than any other reason. Un- like Japan, because Japan is very bureaucratic. That’s the way Japan is. It’s as if the government is still god. They ask you to do something, you do it. BBB: Where do you see China in this 40-50 year window? MA: China is going to become the #1 spot around. Working with the Bank of China was good because I got to see the inner workings, and then I understood. It’s substantially different. It’s very much laissez-faire. Story continues on Page 20
  • 19. 20 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.comThe Life of Pi There is no such thing as “Let’s cre- get a crisis like we had in 2007, the say, “We just trust you. Go ahead.”Story continued from Page 19. ate a plan, and we’ll all debate it. bankers said if you don’t bail us out, It’s crazy.BBB: If you follow what’s happen- There’s no Bretton Woods. It’s just who’s going to sell your bonds? It’sing in Thailand, the leadership “This is what we’re going to do, so blackmail. I think the United States has seen itshere has pushed the minimum do it.” day. If you look at it historically, it’swage up to about US$10 a day, The other problem is that they low- made all the same mistakes. The Pa-which will affect consumer spend- BBB: Can you touch on how the ered the interest rates. Everybody triot Act eliminated the 4th Amend-ing. They have also announced banks seem to get preferential said it’s going to be super-inflation- ment, search and seizure, and theyplans to spend a huge amount of treatment from the government ary and it hasn’t been. Why? Because just do whatever they want now. Themoney on infrastructure. And when seniors are robbed of their all they’re doing is paying 0.5% for Supreme Court case, Boyd vs Thethey seem to be targeting the Chi- pension plans to benefit those three years. But then go ask for a U.S., it explains historically how thenese as the dominant tourists here banks? fully-secured car loan, it’s 4%. The Revolution came about. It was overin the near future. But democracy banks are making a huge amount of the 4th Amendment. John Adamsis still a ‘work in progress’ here. MA: Yes, because they basically run money and they’re not passing it on said there and then that’s how theYour thoughts? the Fed. to the average person on the street. Revolution came about. It’s become George Orwell’s 1984, maybe +10.MA: Well, some say the best form It’s not all banks. It’s the primary Then Goldman-Sachs puts in Ru- It’s all because they’re collapsing.of government is a benevolent dic- dealers. The primary dealer system bin, Rubin then got rid of Glass- The more they collapse, the moretatorship, don’t they? And I think in the States is very bad. When the Steagall, and then they can wheel they try to grab and grab and grab,Singapore has shown that. I worked U.S. didn’t have a national debt, then and deal. They’re no longer banks. and that actually makes them col-with the U.S. House Financial Ser- came the Civil War and they went to They’re trading with other people’s lapse even more. It’s following thevices Committee. It’s terrible. They a guy named Jake Cook out of Phil- money all the time. (These are the same patterns.actually had me writing a plan on adelphia. He was a big bond guy, New York banks, not the local/re-how to revise the entire world mon- they called him the ‘PT Barnum gional banks.) It’s really bad. Part of the reason I’m running alletary system. of finance’ back then. They went over the world on this trip right to him and said, “We need to raise That’s why you don’t get any reform. now is because the #1 question fromThen they stick it in the drawer be- money, can you sell our bonds?” He Every time there’s a crisis, they’ll go clients, particularly in the States, iscause they know they can’t present said, “Yeah, sure.” And that’s how it with their hands out: “If you don’t “Where should I go?”, “Where do Ia plan to be voted on. They have to started. bail me out, you’re dead.” The Fed put my money?”wait until everything collapses, and stands up and says “Okay, we gottathen they pull it out, and it’s voted After that, the U.S. government has take care of them.” You give them I’m looking around. I like to kick theon like the Patriot Act within 24 always gone to some private banker US$700 billion and you don’t even tires. The capitalists are coming herehours and nobody reads it. It’s man- to sell their bonds. And what’s come put in any details of what they’re to Asia, and these economies areagement by crisis now. back to bite them is that when you going to do with the money? They booming. –BBB–
  • 20. Pure Community Pure Na Jomtien helps build community spiritOne criticism often levelled at life in an apartment is that it can be lone-ly and impersonal. All too frequently the best opportunity to meet yourneighbours is a chance encounter in the lift.Planners of the pure Na Jomtien development were set the twin tasks ofproviding its residents with the maximum level of peace and privacy whilecreating an environment in which community spirit could flourish.They succeeded superbly with the resort-style seafront paradise now beingconstructed on 33 rai of prime beachfront property at Na Jomtien. Whilesuperior construction techniques on the low-rise, low density developmentcreate maximum peace and privacy through sound-dampening double-cavity brick walls and canopied, 30cm-thick concrete ceilings, the lush,tropical park in which it is set creates an ideal environment for social inter-action.A central amphitheatre, constructed below a golf practice area with bun-kers and putting greens, houses shops in which to browse and a golf simu-lator facility in which players can hone their skills on some of the world’stop courses. Two swimming pools, a well-equipped gymnasium, a Jacuzzi,steam room and sauna provide further opportunities to get acquaintedwith each other while the Beach Club with media library, restaurant andcocktail bar are ideal places to sit and chat while watching the sun set overthe horizon at the end of the day. Beach lovers can get together to enjoy thepure Na Jomtien’s 120 metres of private beach while youngsters will quicklyget to know each other in The Jambo Kids’ Club.The pure Na Jomtien lifestyle is like no other to be found on the EasternSeaboard, combining privacy, comfort and a luxurious and stress-free exis-tence with all the opportunities for social interaction normally found onlyin the finest resorts.The fully-funded, eco-friendly development is located on prime beachfrontproperty at the end of Sukhumvit Road, Soi 48, in one of the most sought-after locations on the Eastern Seaboard. All its residences have guaranteedsea views and can be customised to fit the owner’s personal needs, includ-ing changing layouts and combining units to create very large ones. Pricesstart from as little as Bt2.7 million.www.pureNajomtien.com
  • 21. 22 BANGKOK BUSINESS BRIEF Mid-November/Mid-December 2012 www.bangkokbusinessbrief.com The Calendar For event details, enter the short code below the Bangkok Trader goo.gl/6ngBg Networking Party http://goo.gl/6ngBg event into your browser: Sunday Monday Tuesday 11 AustCham: Conf. 12 AustCham: 2012 13Nov. BCCT: Remembrance Day in Kanchanaburi and at British Embassy in Bangkok http://goo.gl/R55n8 Golf Tournament http://goo.gl/iAWO2 AMCHAM: Health./Travel & Tour: Medical Hub http://goo.gl/Zq8Vf Bangkok Entrepreneurs http://goo.gl/U98Ux Australia-Thailand Business Conference http://goo.gl/jA3Lh AMCHAM: HR / Health /SME http://goo.gl/kS3QK PPi Professional Hour http://goo.gl/QGpcQ 18 AMCHAM: Food & Agri Bus. Cmte http://goo.gl/kXxsb 19 BCCT/AMCHAM: Breakfast Briefing http://goo.gl/rDb4e 20 http://goo.gl/bX5Cy AMCHAM: Legal Cmte http://goo.gl/hqqfr AMCHAM: ICT Cmte http://goo.gl/r20Kn AMCHAM: Travel & Tourism – Global Bus. AMCHAM: Travel Outlook Report Professional Women Cmte http://goo.gl/MsZ6g http://goo.gl/2Hpt4 25 26 27 AMCHAM: Business AustCham: Economics Cmte The Convoy for Kids BCCT: Northern Thailand http://goo.gl/8EM54 Day Out Networking Evening Bangkok Trader Netwkg http://goo.gl/Y6eqt http://goo.gl/fTZ3P http://goo.gl/EnNbRDec. 2 3 4 AMCHAM: AMCHAM: Joint Food & Board & Agri-Bus/SME/CSR Cmtes Committee Roundup http://goo.gl/srWzo http://goo.gl/mnLWs 9 10 AMCHAM: ICT Cmte http://goo.gl/8GxM3 11 AMCHAM: Tax Planning http://goo.gl/MmhNj AMCHAM: HR Cmte http://goo.gl/rxAOX AustCham: Board of Dirs. http://goo.gl/EkoO8 16 17 18 AMCHAM: Legal Cmte BCCT: Board Meeting http://goo.gl/DQ4Ud http://goo.gl/EnBSc
  • 22. www.bangkokbusinessbrief.com Mid-November/Mid-December 2012 BANGKOK BUSINESS BRIEF 23 Send us your event details for the Mid-December/January issue by December 4th to reid@bangkokbusinessbrief.com Wednesday Thursday Friday SaturdayAMCHAM: Security /OSAC Cmtehttp://goo.gl/SJTeK 14 15 16 17AMCHAM: Myanmar Bus.Summit in Yangon BCCT: Board Meetinghttp://goo.gl/xq2Gc http://goo.gl/om1rr Joint Chambers:AMCHAM: BCCT: Third Thursday Eastern Seaboard AustCham: VoluntarySocial Networking Night Networking Evening Networking Event English Teachinghttp://goo.gl/hEoyA http://goo.gl/tK60a http://goo.gl/0fVnq http://goo.gl/nq09x 21 AMCHAM: 22 23 24 Charitable Foundation Cmte AMCHAM: Turkey http://goo.gl/nxwuz Charitee Golf TournamentAMCHAM: http://goo.gl/RLjtsCSR Excellence Awards / AMCHAM: Customs Ploenchit FairMonthly Luncheon & Excise Cmte Movers & Shakers http://goo.gl/LRdp5http://goo.gl/Qeem3 http://goo.gl/Z5MbX http://goo.gl/xOfWr http://goo.gl/nPzg6 28 BCCT: ½-Day Wkshp http://goo.gl/xeovU 29 AMCHAM: Luncheon mtg with Ambassador Todd 30 1 AMCHAM: http://goo.gl/aBavX Special Luncheon AustCham:BCCT: http://goo.gl/ece35 Phuket SundownersEvening Presentation BCCT: Boardroom http://goo.gl/Ow1hL(Visas and Work Permits) Briefing on Indonesia Movers & Shakers Galahttp://goo.gl/QhzLv http://goo.gl/qGBr6 http://goo.gl/xOfWr 5 6 AMCHAM: Auto Council 7 8 Committee Meeting http://goo.gl/z0bgb All Chambers: AMCHAM: Festive Eastern Seaboard Holiday Eggnog Party Festive Networking http://goo.gl/sy1cT http://goo.gl/UiHFJAMCHAM:SME Cmtehttp://goo.gl/eOmJX 12 AMCHAM: Transpo Logistic Cmte http://goo.gl/G8jyq 13 14 15AMCHAM: AMCHAM: ProfessionalMonthly Luncheon Women Cmtehttp://goo.gl/zu1Wn http://goo.gl/9pzXoAustCham: AMCHAM: YoungChristmas Sundowners Professional Cmte BCCT: Xmas Lunchhttp://goo.gl/2NepH http://goo.gl/80TOA http://goo.gl/7bGsp 19 20 21 22 AMCHAM:AMCHAM: Energy Cmte Customs & Excise Cmtehttp://goo.gl/rjAqm http://goo.gl/eXBrX