Bandkok Business Brief Magazine - November 2012

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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

  1. 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. 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. 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. 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. 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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. 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. 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

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