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BANGKOKVol. No. 2, Issue No. 2                                                                    BUSINESS BRIEF          ...
2    BANGKOK BUSINESS BRIEF                Mid-January/Mid-February 2013                                                  ...
2   BANGKOK BU                                                                           SINESS BRIEF                     ...
4   BANGKOK BUSINESS BRIEF                 Mid-January/Mid-February 2013                                                  ...
2   BANGKOK BU                                                                       SINESS BRIEF                         ...
6   BANGKOK BUSINESS BRIEF             Mid-January/Mid-February 2013                                                      ...
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
Bangkok Business Brief Magazine - January 2013
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Bangkok Business Brief Magazine - January 2013

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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 - January 2013

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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Transcript of "Bangkok Business Brief Magazine - January 2013"

  1. 1. BANGKOKVol. No. 2, Issue No. 2 BUSINESS BRIEF Mid-January/Mid-February 2013 Read new business briefs everyday at www.BBBrief.comPhoto by West McGowan via Flickr under Creative Commons license.Ban or plan?By Dean Outerson social media on their company complain about the frivolity of becoming somewhat anomalousAs use of social media networks networks. The argument for ban- the social media. For many com- and difficult to manage. And forhas spread throughout the world, ning is that employees are spend- panies, especially B2B compa- every study that laments the lossand in recent years here in Thai- ing more and more of their work nies, it is also difficult to see how of productivity due to internetland, many companies have re- hours monitoring and updating social media can be an effective surfing or chatting, there is an-sorted to blocking the use of their social media accounts, and marketing tool, when most of other study that shows the bene- so the company is losing valu- the engagement on social media fits of allowing staff members to able productivity time. There are seems to be B2C. So for many spend time on social media and Inside even studies that say that billions management teams, the question that it actually makes them more General Interest 2 of dollars (or pounds or baht) in is, what is the point? Why al- productive rather than less. Production 3 productivity time is lost to inter- low staff access to platforms that net surfing (and to social media don’t help the company and just For proponents of digital and Finance/Investment 4 use in particular) each year. waste company time? social media use in business, Government/Economy 6 the various options (Facebook, Retail/Services 8 Other reasons for banning social But as mobile devices have prolif- Twitter, LinkedIn, Pinterest, Tourism 10 media and chat programs in- erated and almost become ubiq- YouTube, Instagram, Path, etc.) Real Estate 12 clude the claim that widespread uitous, and as more and more represent tremendous oppor- IT/Comms 14 use of these sites and applica- companies have started to em- tunities to learn, to sell, and to The Chambers 16 tions causes slow internet speeds, brace digital marketing, banning engage with stakeholders and The Calendar 22 while many CEOs and executives social media in the workplace is Story continues on Page 20
  2. 2. 2 BANGKOK BUSINESS BRIEF Mid-January/Mid-February 2013 www.BBBrief.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 since 1970. Under the capitalist his peers to follow the path he has their sales grow in the past year world, focus is now placed on finan- laid out, without fear. Even though and expect an even more ambitious cial return, while social return has his takeover attempt for Singapore- trend over the next five years, a PwC been ignored. By doing so, business listed Fraser and Neave has not yet survey says. But the recruitment of http://goo.gl/ozbNM leaders fail to factor in the true cost. been resolved, his shrewd strategy skilled staff and the perennial prob- for the acquisition of F&N and Asia lem of planning for succession willBusinesses “must The WBCSD, the CEO-led organ- Pacific Breweries is dazzling enough remain key challenges facing familyscale up actions” isation with 191 members – lead- to make him our “Businessman of businesses over the long term de- ing corporations globally including the Year”. spite the buoyant prospects.“We live in the world where every 12 Siam Cement Group and PTT inseconds, one child died of dirty wa- Thailand which are committed to He easily rose above the other can- Sira Intarakumthornchai, CEO ofter and insanitation. CO2 continues sustainable development, has set the didates for this year’s honours, in- PwC Thailand, said Thai familyto build up. Woods are depleting. Vision 2050. Under the vision, mea- cluding Dhanin Chearavanont, businesses need to be more proac-We live in the resources-constraint sures are lined up to ensure that... chairman of Charoen Pokphand tive and put in place proper suc-world. There are limits.” The words Full story at http://goo.gl/3yGzT Group, who made a surprise en- cession planning. “Despite the eco-from Peter Bakker, president of theWorld Business Council for Sus- Fierce fights against try to China’s insurance takeover through the Bt287-billion industry nomic slowdown, family businesses are thriving worldwide,” he said.tainable Development, participating global giants of a stake in Ping An Insurance. Thein the “SCG Asean Sustainable De- other candidate was Tos Chirathi- In Thailand, family businesses havevelopment Symposium”, sounded Despite his age, Charoen Siriva- vat, chief executive officer of Central played a key role in driving thehorrible. Yet, it seemed he intended dhanabhakdi has proved fearless. Retail Corp. After the acquisition of economy for decades. It’s a “resil-to frighten all, to draw business He relentlessly explores overseas Italy’s 11-store La Rinascente chain ient” model for the 21st century asleaders’ attention and push them to- opportunities even when he is un- in 2011, CRC this year continued... its structure offers significant ad-wards actions to save the planet. der pressure from global giants. Full story at http://goo.gl/9J5BC vantages and benefits, he added. In At a time when Thailand is heav- order to keep their companies thriv-Bakker sees the need that the busi- ily promoting overseas investment Succession a weak ing and relevant, family businessesness world revolutionise their busi- to counter “hot money” flowing spot of family firms need to transform themselves andness practices given “questionable” into the country, Charoen, 68, has quickly acknowledge the traits es-progress of what has been agreed at helped raise the profile of Thai Two-thirds of family-owned busi- sential for them to succeed. 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  3. 3. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-January/Mid-February 2013 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 nts were... sion system are Thailand’s pen- covery. Howe traction and re- Full story ...Production into the 24-billion-baht supple- 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 Preventing ments market. The cash was used Asian countries opportunities that olr of list of wor top Bangkok from out, suggests an should not miss Panel: Asia bett mainly for machines to make sup- weakest pens ’s ld economist. off, not immun er sinking bigges plements under its T.R.B.O. brand. e, systems: studion challenge t The robust eco no from global cr y China and em mic growth of ises Greece, India, Ch Land subsidence http://goo.gl/UrVpE Managing director Pita Limcha- 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- roenrat said the investment aims to es to increase the call for the reg wake-up cripp the world, ko be solved in BaCoke’s Thai unit aims wealth from tra ir ion that has tur led by k to ng- de in goods an out to be ned eign debt, a mix of acute sover- clima mitigate the impact of the add value to its core business, which services at a tim e d a blessing in 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, saysfor group’s top 10 earns the firm more than 1.2 bil- 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 . lion baht a year from raw rice bran Grow with th of shocks from e flow Western Hemi degree the fallout in the The Allia a report entitl n is containe ed “Climate Ris d inCoca-Cola aims to raise the rank- of cycles oil and extracted bran, selling both 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 ‘There is a tid conference. ean tracks the bility Index, which Asian ities”, jointly conducted by theing of its Thai unit into the top 10 domestically and overseas. CEO 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 syscontributors of revenue to the group Agrifood is ranked as the third- 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-after investing Bt14 billion in it this biggest Thai producer. Its recently to people of wo rking age re- The report recom Full story at htt mended a...year. Coca-Cola (Thailand) current- introduced T.R.B.O. rice bran snack p://goo.gl/20yMDly ranks in the top 20 contributors. has received positive feedback fromThe investment was part of a three- health-conscious consumers. Thereyear plan that began in June. The is high competition in the supple-budget has been used to increase ments market, which posts steady...production capacity and to add new Full story at http://goo.gl/StR5hproduct lines including juice prod-ucts and drinking water, said Archa- Napier grass to bewat Chareonsilp, public affairs and part of green energycommunications director. plan, minister saysAs part of the business plan, the The government will issue guide-company says it is focusing on in- lines within the next two monthsnovative products, distribution and on a policy to promote generationbrand communications. Archawat of electricity from Napier grass, En-said the group saw growth potential ergy Minister Pongsak Ruktapong-in Thailand after a major change in pisal said. Napier grass, originallythe bottling industry. The arrival... from Africa, is also known as Ugan-Full story at http://goo.gl/D1K3v da grass or elephant grass for being a favourite food of elephants.5-yr auto plan aimsfor top-10 ranking Pongsak said Germany had devel-The third master plan for the Thai oped 7,000 power stations fuelledautomobile sector has been drawn by Napier grass that provided 7,000up, alongside a study of long-term megawatts, and Thailand coulddevelopment of the industry with a match that production. The min-view to establishing the Kingdom as istry will provide a “feed-in tariff ”one of the world’s key manufactur- subsidy of Bt4.50 per kilowatt-houring hubs by increasing production (unit) for a period of 25 years tofrom 2.3 million units this year to power plants that use as feedstock5.6 million units by 2050. The Thai- Napier grass supplied by local com-land Automotive Institute’s five- munities. This grass can be grown inyear master plan for 2012-2016 is many parts of Thailand, especially...focused on increasing output by an Full story at http://goo.gl/oGCqnaverage of 10 per cent annually. Hi-Q foodThe plan is also aimed at making campaigns forthe country one of the top 10 auto- good eating habitsmanufacturing nations within thesame time scale and increasing the After starting off with a conven-use of local content in the industrytional marketing campaign 10 yearsfrom 40 per cent now to 50 per cent.ago, Hi-Q Food Products realisedIn addition, the institute’s long-term that it needed to change strategy ifdevelopment goal is to increase pro-sustainability was the company’sduction step by step over the next ultimate goal. From the campaignseveral decades. Targeted output is to promote its products mainly un-3.3 million units in 2020, rising to... der “Roza” tomato sauce brand, theFull story at http://goo.gl/PPwo7 company turned that into a sustain- able CSR programme – to promoteCEO passes sustainable eating habits amongrice bran oil pills school students as well as their rela-CEO Agrifood Co, one of Thailand’s tives. “It was started off based on themajor rice bran oil producers, has fact that students consumed less...invested 40 million baht to advance Full story at http://goo.gl/E742x
  4. 4. 4 BANGKOK BUSINESS BRIEF Mid-January/Mid-February 2013 www.BBBrief.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/bH6PFFinance / Investment has been quite an experience, a “Backdoor listings on the Thai stock appreciation since the Singapor- nightmare actually, but it’s my own market are an interesting idea since ean dollar has been outperforming fault. I neglected communicating Myanmar needs capital and does other currencies over the past cou- with retail investors, which resulted not have a stock market. Thailand ple of years. Among the UOB’s top http://goo.gl/wKeiJ in the spread of rumours,” chief... is going to be an important inves- picks are DBS, Keppel Corp, Capital Full story at http://goo.gl/6wq1M tor and model for Myanmar due to Land, Ho Bee, Suntec REIT, AscottAnanda’s chief many factors,” he said. “It’s not that Residence Trust, Ezion Holding andexplains poor Thai ‘backdoor’ they don’t have any wealth but they Nam Cheong.share performance listings for Myanmar don’t have an organised capital mar- companies proposed ket. Earnings per share of SingaporeanAnanda Development, the larg- stocks should grow only 0.2 per centest initial public offering issuer this Myanmar companies seeking to “People ask me what their M&A this year and 7.7 per cent next year.year, is blaming the fact that its share raise funds for projects in their strategy should be for Myanmar, A consensus earnings downgrade isprice is trading lower than its IPO country’s fast-developing economy and while there may be plantations... likely, since listed Singaporean firmson miscommunication with retail might be able to manage “backdoor’’ Full story at http://goo.gl/YeQNh reported lacklustre third-quarterinvestors. On its first day of trading listings in Thailand, heard Myan- results. At current valuations, Sin-last Friday, Ananda shares opened mar experts based in Thailand at the S’pore stocks gaporean stocks are not cheap. “Oneat 4.14 baht or 1.43% less than the “Invest Myanmar 2012” conference ‘offer potential’ of the pitfalls of the Singapore Ex-IPO price of 4.20 baht and closed at in Kuala Lumpur, organised by the UOB Kay Hian’s head of research change is that being an open econ-3.80 baht or 9.52% less than the IPO training and conference manage- Andrew Chow recommends some omy, Singapore is very susceptible...price in heavy trade worth 2.21 bil- ment firm Solomon Wise. “top pick” Singapore stocks for Thai Full story at http://goo.gl/NuSqylion baht. The large size of the share investors looking to tap opportuni-float made it the top trading volume Robert Fernstrom, CEO of Bang- ties from the Asean Trading Link 20 Thai companiesof the day. kok-based Emerging Asia Capital scheme. Chow says investors here to explore Myanmar Partners, gave examples of how fi- may look at the opportunity to in-The company wrongly perceived its nancing structures used for deals vest in Singaporean stocks as a way The Thai Chamber of CommerceIPO would be successful after the such as Electricite du Laos and to diversify their risks. Even though will take 20 leading firms to Myan-warm response from institutional Tanayong in Thailand could be used the upside possibility for the Singa- mar to explore trade and investmentinvestors, which accounted for 75% to raise money for businesses in porean bourse is small at present, opportunities in the neighbouringof its 1.33 billion IPO shares. “This Myanmar. investors might gain from currency country. The three-day trip will be Professional Portfolio International Dedicated to Service Excellence PPI strives to help each client grow, protect, and enjoy their wealth in their own way and achieve Financial Freedom With its team of very knowledgeable and experienced Advisers, PPI delivers the highest level of financial planning and wealth management services to clients throughout Southeast Asia and beyond. www.ppi-advisory.com Professional Portfolio International (PPI) 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 Email: clientservices@ppi-advisory.com
  5. 5. 2 BANGKOK BU SINESS BRIEF December 20 11www.BBBrief.com Briefs To read the fu enter the shor the story into ll article of a Mid-January/Mid-February 2013 BANGKOK BUSINESS BRIEF t code at the story brief, end ...added that the set aside a signi company had 5 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/b H6PFUse the QR Code reader in your ... seasons of the Mr Sombat said listed companies yea are cyclical _ wa the impact of s a blessing, as the mains 2008 would ha combined deposit of Bt5 million. 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. Mokhtar, will benefit in 2013 from a lower ily details, we eas for the region, the managing ” Azman In Customers are offered special ser- India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W corporate income tax rate of 20%, 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 vices such as a limousine service... contribute to a the popula- est with the econo mic business cyc r ilia rence. the we pension, while slowdown down from 23% now. They also ex- of expansion, con le His comme nts were... Full story at http://goo.gl/uvELB aknesses of sion system are Thailand’s pen- covery. Howe traction and re- Full story ...joined by executives from indus- investing overseas, in particular in pect operating interest rate costs to The shift of eco ver, other cyc at http://goo.gl/d Full story at htttries including sugar, food, banking, no mentum to the mic growth mo- phenomena affect... up numerous East has opened Full story at http://goo.gl/fJ Asean and [other] emerging mar- decrease in line with the downward opportunities olr lical Thailand near top fu2u Fund to loan Preventing p://goo.gl/rtpH 3 of list of worproperty, textiles, hotels and tour- Asian countries kets with higher demand for... that out, suggests an should not miss Panel: Asia bett trend in rates. Even so, much de- economist. off, not immun er weakest pens ’s ld money to student Bangkok from sinking bigges systems: studion tism. TCC chairman Pongsak As- Full story at http://goo.gl/rUPXi The robust eco no pends on whether the US... China and em mic growth of from global cr e, ises Greece, India, Ch y entrepreneurs challengesakul said the group will meet Tin Full story at http://goo.gl/3E8gW ina and Thailan Land subsidenceNaing Thien, Myanmar’s minister JCB seeks erging economi caused by groun will open a ne es KUALA LUMPUR : The As are home to the weake d water losses tops d w ian cri- pensi Asian economi opportunity for sis in the late 1990s was a on systems in st national lems that must the list of prob- The Finance Ministry plans to es-for national planning and economic partners for wealth from tra services at a tim es to increase the e ir de in goods an out to be d Venture capitalists call for the reg wake-up cripp ion that has tur a blessing in dis 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 ng- tablish a Venture Capital Fund for 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, saysdevelopment, to discuss new invest- regional expansion e Full story at htt are... financial sec target tech start-ups 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- students worth Bt15 billion on De- The conclusio ational agencies .ment regulations and the country’s Grow with th of shocks from e flow Western Hemi M8VC Co, a new venture capital degree the fallout in the The Allia cember 12. One third of the fund, or a report entitl n is containe ed “Climate Ris d ineconomic prospects. of cycles JCB International, the leading Japa- to a panellist fund, has outlined plans to invest sphere, accord nz and Ad ks Bt5 billion, will come from the min- 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 the nese credit-card provider, is look- men, which, tak e in the affair s of at least 300 million baht in innova- ity of nationa relative sustai istry’s budget, and the rest will come nabil- Internati Development Ba nk, onal Cooperatio the Japan leads on to for en at the flood, “There wi l pension sysMyanmar has rich natural resources ing for new partners in Thailand tune”, wrote Wi l- future, an tive tech start-up companies next ll be more crises d the Asian in 44 cou in the showe ntries around the world, tems and the from government banks. World Bank in n Agency 2010. crisis in tirees d the number of Greek re-and will enjoy tax privileges next and elsewhere in Asean to boost its year. The company was founded by to people of wo rking age re- The report recom Full story at htt mended a...year from the Generalised System regional business expansion. The Ponthep Sethiwan, Shakrit Chan- This fund will provide loans of not p://goo.gl/20yMDof Preferences granted by developed company currently has direct over- rungsakul, Pawoot Pongvitayapanu, more than Bt3 million per personcountries. Mr Pongsak said Myan- seas operations in Nepal, Bhutan, Kit Arunanondchai, Sua Kanjana- to both university and vocationalmar’s low wages are attractive for in- Indonesia and Singapore. The Sin- sakchai, Varut Bulakul, Permsiri students who have investment orvestors, with a daily minimum wage gapore unit is also responsible for Tiyavutiroj and Krisd Aksornwong. business plans they are looking toof 75-120 baht and monthly salaries Malaysia, the Philippines, Indonesia get off the ground, Deputy Financeof 3,000 to 6,000 baht for workers and Thailand, where the Bangkok The partners are former pioneer- Minister Thanusak Lek-uthai saidwith a bachelor’s degree. office has management control of ing tech entrepreneurs and financial last week. The loans will be pro- activities in Laos, Cambodia, Myan- advisers. “We aim to be an engine vided to current university and vo-Mr Pongsak, who is a member of mar and Vietnam. to promote Thailand as an innova- cational school students, and thosethe Joint Public Private Consulta- tion hub in Southeast Asia,” said Mr have graduated within the past fivetive Committee, will also represent JCB’s revenue in Thailand, where it Ponthep. He said Thai tech start-up years. The fund will also providebusinessmen on the government’s has had a partnership with Krungth- firms have high business potential support for students who work on aofficial trip led by Prime Minister ai Card since 2008, is the largest but lack financial support. freelance basis.Yingluck Shinawatra to meet Myan- within Asean, mainly because of themar President Thein Sein in Nay Pyi high number of tourists. This year alone, foreign venture One third of the loans will be pro-Taw. The working group of the two capital funds have acquired shares vided interest-free, with the remain-countries will meet to evaluate the... The Japanese company recently in Thai firms worth hundreds of ing two thirds provided by the par-Full story at http://goo.gl/JY25X formed an alliance with Phonsa- millions of baht. Mr Ponthep said ticipating state banks at Minimum vanh Bank in Laos, where it is also M8VC has two types of... Retail Rate plus 2 per cent. The ThaiDept encouraging exploring a new partnership next Full story at http://goo.gl/XdM1O Credit Guarantee Corporation willexporters to set year. It also inked a memorandum Banks focus on guarantee the loans. The venturefoothold overseas of understanding with Myanmar... unique services capital fund will focus on 10... Full story at http://goo.gl/6NiZg Full story at http://goo.gl/II0KWIn the light of upcoming market in- as they targettegration under the Asean Econom- Analysts bullish on Ambassador: Chinaic Community, the International local stocks in 2013 the wealthy bullish on Thai tiesTrade Promotion Department has The Securities Analysts Association Banks are competing to design The Chinese ambassador says hismapped out a plan to encourage is upbeat that the Thai stock index unique services to tap wealthy country views Thailand as an AseanThai exporters to set up businesses will continue its strong rise to 1,471 customers, who want something logistics hub, as evidenced by con-overseas to ensure sustainable ship- points, forecasting earnings growth completely different from other tinued firm commitments fromments in the long term. The move of 15.2% for listed companies and client groups. Banks realise high- Chinese construction giants to bidis part of the department’s plan to 4.6% economic growth next year. net-worth customers are seeking for the high-speed train project.change its role from purely driving Secretary-general Sombat Nara- something besides solely a high rate “The centre of logistics in Asean isexport growth to one where it also wuttichai said the consensus survey of return on investment from the Thailand, not any other country,”encourages foreign investment. comprised the views of 22 securities products traditionally on offer. Guan Mu said. firms.Director-general Srirat Rastapana Services are often even more im- The ambassador said Chinese com-said the agency had devised a proj- The highest-returning sector in the portant than financial products to panies are eager to participate inect to promote more Thai compa- new year is expected to be build- these clients, who expect to get val- the bidding for the construction ofnies to become internationalised ing materials (32.2%), followed ue-added services after entrusting high-speed railway lines in Thai-enterprises, so that they have a by property (18.4%) and banks a bank to manage their investment land, expected to begin in late 2013.wider source of raw materials and (18.4%). Sectors with high dividend portfolio, said Kris Chantanotoke, Mr Guan said China is confident ita broader range of markets. “Thai yields will be telecommunications executive vice president of Bank of will be selected in the bidding forproducers and exporters can no (5.5%), electronics (5.1%) and en- Ayudhya. As a result, banks are de- the Chiang Mai line, the first of twolonger solely remain in this country, ergy (4.3%). signing services and products based lines expected to be built.because of the high competitiveness on customers’ lifestyles, which willof the [increasingly] seamless mar- For asset allocation, the consensus also help foster relations between Yong Suksudprasert, president ofket worldwide. The AEC will also is that investors should have 45% them and the banks, he said. the Thai-Chinese Chamber of Com-allow the free flow of trade in goods, in stocks and local funds, 17% in merce, said at least 10 large Chineseservices and investment,” she said. debt instruments and fixed-income At BAY, services for high-net-worth firms have expressed interest in sub- funds, 10% in global assets, 11% in clients are provided via Krungsri mitting bids. Any investment will be“We [Thailand] should grasp the gold and gold futures and the rest in Exclusive Banking, which requires in the form of a joint venture with...opportunity to expand business by property, oil and cash. customers to lodge a minimum Full story at http://goo.gl/BeZw3
  6. 6. 6 BANGKOK BUSINESS BRIEF Mid-January/Mid-February 2013 www.BBBrief.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 of domestic growth was due to the “This move is to ensure fairness them likely to encourage people to highest quarterly rates since 2004 to low-income earners,” said Kit- overextend themselves by taking of the two contributors in the third tiratt. He insisted that overall tax out loans. The move follows talks quarter, at 6% year-on-year for pri- revenue will be unaffected by the yesterday between the Bank of Thai- http://goo.gl/EIbH6 vate consumption and 15.5% for move, which will cost the govern- land and banking executives on the investment, while exports of goods ment Bt25 billion per annum, as the household-debt issue and banks’A return to organic and services contracted 2.8% year- corporate income tax cut this year advertising spots.growth in 2013? on-year in the same quarter. So yes, had in effect expanded Thailand’s the Thai economy can expand even tax base. Kasikornbank senior executive viceIf anything, 2012 proved the Thai when exports are stagnant, but it... president Teeranan Srihong said af-economy is able to stand on its Full story at http://goo.gl/Yt3Kz “It’s clear that the tax base has been ter meeting that although the cen-own feet. It’s the year that domestic expanded by the corporate tax cut. tral bank was not coming up withgrowth ploughed ahead against the Cut in personal As such, we can lower personal in- specific measures to tackle the issue,backdrop of a slowdown in exports. income tax due come tax. As GDP expands, the it was worried that banks’ mediaOver three quarters, the economy The Cabinet gave taxpayers a big number of income earners rises, and spots could be encouraging peopleexpanded by 2.6% year-on-year. Christmas present by cutting their Thailand enjoys a low unemploy- to overspend.Not much, you may think, but recall personal income tax rates for next ment rate. Overall, the governmentthat in the first quarter of this year year, although the top rate will re- revenue will not be cut,” he said. KBank will review its advertising,we emerged from major flooding, main high at 35 per cent, down only regardless of the BOT’s concerns. Itso you can pencil out any manufac- slightly from the current 37 per cent. Overhauling the personal income will consider toning down any adsturing activity for one whole quar- tax structure was one of the Yin- seen as overstimulating demand forter. “The tax cut will result in a govern- gluck Shinawatra government’s key loans, he said. “The robust growth ment revenue loss of Bt25 billion an- election promises. It takes... of consumer lending this year isThe boost from private consump- nually, but it leaves more money in Full story at http://goo.gl/42cHl partially driven by the government’stion and investment returned in people’s pockets, which should lead domestic consumption schemesthe aftermath of the floods, lifting to more consumption and boost the Banks may tone and the campaigns of financial insti-Thai economic activity in the sec- economy in the long run,” Finance down ads after talks tutions. However, we have not seenond and third quarters and bring- Minister Kittiratt Na-Ranong said Commercial banks will consider any unusual signs, with each houseing economic growth back to a in the tax package his ministry sub- toning down their advertising if having measures to control its non-solid expansion path. The strength mitted for approval. after reviewing the ads they deem performing loans. The BOT’s con- Security, Compliance or Audits getting too stressful? Time to outsource all aspects of your security? FOR MORE INFORMATION 02 653 1971 LBG is a Bangkok and Singapore based security consultancy company with a dynamic team of individuals with specialist skill sets and experience. With ever increasing security issues, many MNC’s are now looking to outsource their security to comply with internal audits, gain accreditation and maintain international standards. LBG is leading the way in offering simple affordable solutions to companies looking to outsource all areas of their security. Info: aaron@leboutilliergroup.com www.leboutilliergroup.com

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