BANGKOK            BUSINESS BRIEFVol. No. 1, Issue No. 11                                                                 ...
2    BANGKOK BUSINESS BRIEF                               Mid-October/Mid-November 2012                                   ...
2   BANGKOK BU                                                                         SINESS BRIEF                       ...
4   BANGKOK BUSINESS BRIEF                           Mid-October/Mid-November 2012                                        ...
2   BANGKOK BU                                                                         SINESS BRIEF                       ...
6   BANGKOK BUSINESS BRIEF               Mid-October/Mid-November 2012                                                    ...
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
Bangkok Business Brief Magazine - October 2012
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Bangkok Business Brief Magazine - October 2012

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The Bangkok Business Brief is a monthly business news magazine, carrying domestic and regional business news articles aggregated from a variety of news agencies. A short synopsis of the most popular articles will de displayed in print, though should the reader wish to view the expanded version, short URL’s and QR codes are included for easy navigation to the website. The print articles displayed each month will be determined by their popularity highlighted by the websites analytics.
The 10,000 copy monthly circulation is highly targeted toward medium to top level managers and executives.

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 required to be informed about.


The readership of the publication has been determined to be between 25,000 – 45,000.
The “Pass On” rate is estimated to be between 2.5 and 4.5 times per individual copy.
The circulation of 10,000 copies incorporates direct mailing to Chamber of Commerce members, circulation throughout Amata Industrial Estate, Eastern Seaboard, delivery with ‘Food by Phone’ orders and strategic distribution points at Bangkok’s leading hotels and serviced apartments business centres executive lounges.

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Transcript of "Bangkok Business Brief Magazine - October 2012"

  1. 1. BANGKOK BUSINESS BRIEFVol. No. 1, Issue No. 11 Mid-October/Mid-November 2012 Daily business news briefs at www.bangkokbusinessbrief.com‘Gen Y’ or ‘Gen Why?’By Ruprecht Benson tion in May, a senior executive at ‘Internet Generation,’ or deri- which frustrates Gen Xs and BabyAt a B. Grimm-sponsored sym- a major Thai company mentioned sively, the ‘Me Generation,’ Gen Boomers. From the U.S. to Europeposium about “Compassion in the hiring challenges that his com- Ys were born roughly between to Asia, the ideas of ‘generationalBusiness” at Sasin Graduate In- pany is currently facing. He said 1980 and 2000. They are the first conflict’ and ‘generational war-stitute of Business Administra- that a significant change is hap- generation to be born with per- fare’ has fuelled many attention- pening in the business world as sonal computers, personal stereos grabbing headlines: “Spoiled Gen- Inside young people today seem to be looking to work for companies (from Walkmans to iPods), and personal devices (from pagers eration lacks basic skills,” “Why bosses hate Gen-Y,” “Move Over General Interest 2 that match their own values. He and cell phones onwards). They Boomers!” Many Gen X and Baby Finance/Investment 3 described interviews with the new are a tech-savvy, multi-tasking, Boomer commentators have even Government/Economy 4 generation as “them interview- job-hopping generation that rep- seen the 2008 Global Economic Production 5 ing us, rather than the other way resent, according to some, a re- Crisis as an opportunity to give a Retail/Services 6 around.” Welcome to the world of cruiter’s nightmare. They tend to dose of reality to a generation that Tourism 8 Generation Y! focus on their networks, and use has never had to endure hardship. IT/Comms 10 words like ‘happiness,’ ‘creativity,’ Real Estate 12 Commonly called ‘Gen Y’ (be- and ‘fun’ when describing their in- On the other hand, Gen Ys claim cause they follow ‘Gen X,’ which terests. And they seem to be less that what others see as lack of am- The Chambers 14 followed the ‘Baby Boomers’), concerned about job security, ca- bition, selfishness and an inability The Calendar 22 or alternatively, ‘Millennials,’ the reer advancement, and job titles, Story continues on Page 20 THAILAND LEGAL & BUSINESS SERVICES 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 interactive COMPANY SET-UP PROPERTY LAW IMMIGRATION – JTPEA Thai Japanese Company – Foreign Business Act ACCOUNTING CONVEYANCE FAMILY LAW WORK PERMIT 30 YR LEASE CONTRACTS free consultation REALISTIC RATES - SUPERIOR SERVICE Bangkok Office: 1104/157 Noble Cube, Pattanakarn Road Tel: (66) 02.187.2640 - 1 • Email: Bangkok@juslaws.com FREE CONSULTATION - CONTACT US Phuket Office: The Royal Place, 96/14 Chalermprakiet Ror.9 Rd Tel: (66) 076.304.353 – 5 • Email: Phuket@juslaws.com WWW.INTERACTIVETHAILAND.COM | 02-653-0043
  2. 2. 2 BANGKOK BUSINESS BRIEF Mid-October/Mid-November 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 Winning strategies Female leaders Private sector for the B2B market running the show believes corruption Leading executives and marketers shared some thoughts about how during a weakens http://goo.gl/ozbNM to win in the business-to-business talent shortage The private sector has warned that market at the OmegaWorldClass As we approach 2015, we are expe- as corruption tends to destroy com-‘Global Research Institute’s “B2B Marketing riencing huge changes being caused petitiveness, all sections of societyEntrepreneurship CRM & Sales Summit 2012”. by what some people are calling the should see that the law is enforced “AEC effect”. As businesses prepare strictly so as to scare people awayWeek’ set Chutima Mokkhasmit, first vice for the Asean Economic Communi- from engaging in such damagingThailand has joined 123 other coun- president of Kasikornbank, said ty, there is a huge expertise shortage activity.tries in launching “Global Entrepre- marketers had to understand their in Thailand and a war being foughtneurship Week”, the local goal of clients’ needs and purchasing de- for the talent that exists. Against this Pramon Suthiwong, honorary pres-which is to inspire young Thais to cisions. And this should not be backdrop, we are finding more and ident of the Thai Chamber of Com-turn their ideas into businesses and confined to their direct needs. At more that female leaders are taking merce, said during a seminar thatshowcase Thai entrepreneurship to KBank, she said addressing clients’ up positions in management. corruption was a real problem forthe world. The campaign will take indirect needs sometimes needed the nation’s competitiveness, as it isplace from November 12-18 and “heart bonding” rather than try- Naturally, many companies are is rife in both the public and privatecoincides with the 80th-anniversary ing to push sales hard. “Knowing having to change and adapt in this sectors. The Board of Trade has es-celebration of the Thai Chamber of that 77 per cent of our customers age of globalisation. Therefore, my tablished a network to fight corrup-Commerce. are family-owned businesses, we question is: “Has your organisation tion in 42 organisations. “The goal of have realised that family succession become ‘change-ready’ by shifting reducing and preventing corruptionEnterprises are encouraged to or- is their current concern. Hence we mindsets about gender diversity has already been set, and early re-ganise events during Global Entre- have initiated a professional-family yet?” From my years of experience, I sults are showing progress. The nextpreneurship Week as a mark of the business-management programme have found that the companies that hurdle to clear is to get corruption-importance of entrepreneurship in for them, bringing parents and their resist change and are narrow-mind- prevention programmes operatingglobal development. Global Entre- children to attend the course to- ed about differentiation are now internationally, with many morepreneurship Week seeks to inspire gether. Our customers have realised reaching a dead end. On the other organisations participating,” he said.people through local, national and... that we understand them and go... hand, a company that provides... Income inequity is another...Full story at http://goo.gl/33j4I Full story at http://goo.gl/AFieL Full story at http://goo.gl/Qx6Fp Full story at http://goo.gl/ipWGu 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-October/Mid-November 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 nts were... sion system are Thailand’s pen- covery. Howe traction and re- Full story ...Finance / Investment is ready to link up with the Asean 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 Link, the region-wide stock trading Asian countries opportunities that olr of list of wor top Bangkok from out, suggests an should not miss Panel: Asia bett platform, in mid-October. Thailand weakest pens ’s ld economist. off, not immun er sinking bigges would be the third country, after 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/wKeiJ Singapore and Malaysia would kick 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- start the regional trading on Sept es to increase the call for the reg wake-up cripp the world, ko be solved in BaSmartphone trading wealth from tra 18, said Virathai Santipropop, vice 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-a part of online shift president of the exchange. 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 . Grow with th of shocks from degree a report entitl n is containe d in of cycles e flow Western Hemi the fallout in the The Allia and Ad ed “Climate Ris ksThe stock market is gearing up the On Sept 3, the Thai exchange start- 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 thedevelopment of a smartphone trad- ed the SET Connect, the new IT sys- 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 sysing application to keep up with tem that would support the regional 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-booming trade via the channel, linkage. “Asean Link gives the Thai to people of wo rking age re- The report recom Full story at htt mended a...which now makes up 5.2% of total exchange an opportunity to dem- p://goo.gl/20yMDinternet trading value. The Stock onstrate the Thai capital market’sExchange of Thailand (SET) pre- investment potential, underpinneddicts the figure could grow to 6%. by strong economy and geographi- cal location in Indochina. Thai com-“Trading by smartphone and tab- panies have remained strong, stag-let is growing fast from only 0.02% ing quick recovery from economicof total online trading over the crisis and natural disasters,” Virathaipast four years when online trad- said. Ahead of the linkage, the SET...ing has just begun, to 1.1% in 2010 Full story at http://goo.gl/RjXGsand 3.3% last year,” said Dr PakornPeetathawatchai, the SET’s chief Myanmar needsmarketing officer. The SET together to get land priceswith Thai Samsung Electronics has under control,developed a stock trading app onsmartphones and tablets. “Online investors saytrading via smartphones and tablets Skyrocketing land prices in Yangonmay double this year from last year,” and other key cities of Myanmar aresaid Dr Pakorn. Investors not only giving big headaches to local andtrade stocks but also use apps to... foreign investors planning to ex-Full story at http://goo.gl/P8LhD pand in manufacturing and real es-Gold bugs bullish on tate.land prices aremeasuresneed, or trol Government in great to con-liquidity pump Myanmar may not be able to attractGold prices, up nearly 10% in the more foreign investment and createpast month, still have room to rise, as many jobs as projected.with a potential increase of 13% toUS$2,000 an ounce thanks to the “There’s no doubt that there arelatest monetary stimulus move by plenty of opportunities in propertythe US Federal Reserve, according development, with supply remain- Professional Portfolio Internationalto a fund manager at MFC Asset ing at very low levels. All the hotelsManagement. Kasemtas Darda- and office buildings in Yangon were Dedicated torananda, a MFC global equity fund built in the 1990s and there has been Service Excellencemanager, noted that during the first no new investment in the past de-round of quantitative easing by the cade,” Aung Zaw Naing, managing...Fed in mid-2009, gold prices rallied Full story at http://goo.gl/Iw1lY30% as $1.75 trillion was pumped PPI strives to help each client grow,into the markets, gaining 15% as a Cambodia protect, and enjoy their wealth in theirresult. “After QE3 was launched, opening its doors own way and achievestocks worldwide rose and fell over to investment Financial Freedoma short period of time, with ongoing With GDP growth averaging aroundconcern over the European debt cri- 9% for the past decade, Cambodiasis. But gold has continued to gain is certainly attracting interest fromas investors seek a safe haven,” Mr potential investors. It has possibly With its team of very knowledgeable and experiencedKasemtas said. According to fund the most investor-friendly environ-research firm Morningstar (Thai- ment in Asean with no exchange Advisers, PPI delivers the highest level of financialland), returns for the top local gold controls, no restrictions on repatria- planning and wealth management services to clientsfunds for the year to Sept 17 were tion of profit, and no discrimination throughout Southeast Asia and beyond.generally in line with benchmarks... between foreign and local investors.Full story at http://goo.gl/IDjTf Moreover, corporate income tax is www.ppi-advisory.com 20% and there are tax holidays ofSET to join Asean up to nine years. Foreigners can also Professional Portfolio International (PPI) 209/1 K Tower, Tower B, 19th Fl., Unit 4, Sukhumvit 21 Rd.(Asoke)Link in mid-October take out leases on land for up to 99... Klongtoey Nua, Wattana, Bangkok 10110, ThailandThe Stock Exchange of Thailand Full story at http://goo.gl/v0aoD Tel +662 664 0968, +662 664 0145 | Fax +662 260 7769 Email: clientservices@ppi-advisory.com
  4. 4. 4 BANGKOK BUSINESS BRIEF Mid-October/Mid-November 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 US businesses have shown concern The department’s report showed However, Yokporn Tantisawetrat, about political stability. However, that approvals were up by 13 per the chief risk officer of Siam Com- now that politics is stable, the gov- cent and initial investment up by mercial Bank (SCB), admitted a ernment could do many things to Bt708 million from August last year. stronger capital base may be needed http://goo.gl/EIbH6 improve the country’s competitive- The new operations are expected in the Thai banking industry given ness, Mannix said. He explained to create up to 941 jobs for Thais. the severity of the global economicNow the time to woo that after the recent quantitative- The first eight months saw 218 ap- morass. “The global economic land-foreign investment: easing measure in the United States, provals, up 25 per cent, with initial scape is fraught with risk because Americans would spend more and... capital of Bt6.57 billion. Last month, of the situations of the US and EUAmcham Full story at http://goo.gl/7FkCu the most popular businesses were economies,” said Mr Yokporn.There is no better time for Thailand service, financial and wholesaling...to develop its business environment 34 foreign Full story at http://goo.gl/h1Nih A sluggish recovery of the US econ-and stringently implement plans to businesses granted omy from its 2008 crisis and the...prevent flooding amid an influx of FBA exemptions Global woes bolster Full story at http://goo.gl/b8KxBforeign investors to rising Asia and need for Basel IIIthe strong integration of the Asean In August, 34 foreign companies Greater risk in the global economy Airport Rail Link toEconomic Community, said the received an exemption under the is the main factor supporting the be made statepresident of the American Chamber Foreign Business Act to set up op- necessity of the new Basel III finan- The status of the Airport Rail Linkof Commerce in Thailand. Thailand erations this month worth at least cial standard, which will require the will be raised to that of a state en-is already one of the top destina- Bt1.4 million, as Thailand’s econo- Thai banking industry to strengthen terprise to settle the liquidity prob-tions for US investors. However, my shines amid the global gloom. its capital base further to ensure its lem and business losses. Deputywith the current political stability,“More investment will flow into ability to handle unexpected crises. Transport Minister Chatchart Sithi-it now is able to do more to attract Asia, particularly Asean countries As the Thailand banking industry pan said the State Enterprise Policyinvestment and promote business including Thailand, because of the learned its lesson from the 1997 Committee agreed to raise the Air-expansion, Amcham president Joe euro crunch. Thailand will be eyed financial crisis in keeping its finan- port Rail Link to a status similar toMannix said. as one investment destination with a cial base healthy, some questioned that of the State Railway of Thailand safe future,” Ittipol Changlum, dep- whether the standard was necessary. by making the Finance MinistryAccording to a survey by Amchams uty director-general of the Business The Bank of Thailand will require its major stakeholder. The rail linkin Asean nations this year, Thailand Development Department, said yes- part of the new Basel III standard serves only 4,500 passengers daily...is the only member of the bloc where terday. starting in 2015. Full story at http://goo.gl/sg69l LEGAL & ACCOUNTING PROFESSIONALS 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. interactive Product develoPment GrouPs 1. Apparel: knitwear, woven, sweaters, denim,… 2. Textiles: yarns, fabrics, home textiles, leather,… 3. technical: clean-tech, eco-tech, med-tech, pro-tech, sports-tech,… 4. Made Ups: bags, belts, headwear, socks, plush toys,… 5. 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  5. 5. 2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF Mid-October/Mid-November 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.bangkokbusinessbrief.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 rate entities in Thailand, is a multi- 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 business corporation active in the Asian countries opportunities that olr of list of wor top Bangkok from out, suggests an should not miss Panel: Asia bett fields of energy, cooling, healthcare, 124 Sukhumvit 38 weakest pens ’s ld sinking bigges economist. off, not immun er Prakanong, Klongtoey systems: studion t lifestyle, transport and real estate. 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 Throughout its history, the com- 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 pany has constantly been at the es to increase the call for the regTel. 02 712 4052 wake-up cripp the world, ko be solved in BaKorea joins Thai 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 forefront of technological and in- 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, sayssolar power project frastructure development with in- 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 tain a certain showed. ers to work- The conclusio ational agencies . novative ideas and products. Link Grow with th of shocks from e flow Western Hemi degree Pavinee Chaymanee • 084-147-5550 the fallout in the The Allia a report entitl n is containe ed “Climate Ris d inKorea Midland Power Corp joined of cycles said that the energy business now 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 thea Thai renewable energy project contributed about 50 per cent of B 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 systo build an eight-megawatt solar Grimm’s revenues, while... 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-power plant in the Southeast Asian Full story at http://goo.gl/qubrI Reid Nixon • 080-246-9000 to people of wo rking age re- The report recom Full story at htt mended a...country, according to the unit of p://goo.gl/20yMDKorea’s monopoly power distribu- Car industry reid@bangkokbusinessbrief.comtor. gunning for spot Business Development Manager (English sales) in top 10 Andy Hyde • 080-814-9080Korea Midland signed a contract onMonday with Toyo-Thai Corp PCL Thailand will become a global top- andy@bangkokbusinessbrief.com(TTCL), a Thai construction com- 10 carmaker in the next five years,pany, and Siam Steel Grating Group, with annual output reaching 3 mil- Deliverya Thai utility equipment maker, to lion units, says Surapong Paisitpata- Anan Boonmabuild the solar farm in Ang Thong, napong, spokesman for the automo-one of the central provinces of Thai- bile industry club of the Federation In cooperation with Siam Gazette Co., Ltd.land, the Seoul-based company said of Thai Industries (FTI). He said Alan Verstein • 081-761-9302in a statement on Tuesday. even though the industry was badly affected by last year’s earthquakeThe project will receive a 10-year and tsunami in Japan and flooding Volume 1, Issue 11 • Mid-October to November 2012subsidy of eight baht (26 cents) per in Thailand, the tax rebate under the Copyright 2012. All rights reserved.kilowatt-hour, and include the sale government’s first-time car buyerof power to the Provincial Electric- scheme will help the industry to re-ity Authority of Thailand, the state- cover and experience rapid growth. affirmed the company’s commit- The export of live and dried earth-ment said. Investment estimates and ment to establish a long-term pro- worms is worth about 2 billion bahttime schedules were not provided. Next year’s domestic market looks duction base in Thailand and ser- a year. Japan and China are the ma-South Korea’s power utilities are healthy, while the automobile and vices to Thai patients. jor buyers. Mr Teetat is among 2,000committing to boosting the use of auto parts sectors are among the people who have been trained inrenewable energy after the... few to weather the debt crisis in Eu- The factory will be on a 30-rai vermiculture farming by KasetsartFull story at http://goo.gl/ddedo rope that has adversely affected al- (4.8-hectare) plot in Amata Nakorn University’s animal science depart- most all other Thai exports, said Mr Industrial Estate in Rayong. Aim- ment, which started the course inB Grimm banks on Surapong. ing to create 400 jobs, the plant is 2004 in order to promote the use...energy projects scheduled to begin production in Full story at http://goo.gl/Fevn1B Grimm plans to allocate a huge Last year, Thailand was the 15th- mid-2013. The location was cho-investment of Bt75 billion for the largest producer of all types of motor sen because of its proximity to Parts group fearsexpansion of power-plant facilities vehicles, according to the worldwide Bangkok and logistics network, brain drainand other energy projects in the rankings by the International Orga- said Tippawan Jitpimolmard, coun- The brain drain of skilled labourKingdom over the next seven years, nization of Motor Vehicle Manufac- try manager at Baxter Healthcare to neighbouring countries whenchairman Harald Link said yester- turers. The country came in sixth in (Thailand). “This investment will the Asean Economic Communityday. terms of commercial vehicle pro- increase our solution supplies to begins in 2015 will likely hinder duction and 22nd in... satisfy long-term demand among... growth in the Thai auto parts in-The company, established locally in Full story at http://goo.gl/fQjJR Full story at http://goo.gl/cbKto dustry, says the leading trade group.1878 originally as a pharmaceutical Achana Limpaitoon, president ofbusiness, will focus its attention on Baxter invests in A lucrative the Thai Autoparts Manufacturersenergy business, raising the cur- kidney solution can of worms Association, says regional integra-rent contribution from 50 per cent plant here Thousands of earthworms wrig- tion under the AEC will exacerbateof turnover to about two-thirds in gling in a small box are a disgusting existing shortages of skilled labour.2018, he said. US-based Baxter International is sight for most people. Worms may pouring US$70 million (Bt2.24 bil- not be cute, but for vermiculture “When the free flow of skilled la-“We plan a surge in our revenues lion) into producing peritoneal di- farmers such as Teetat Bamrungsab, bour takes place under the AECfrom the Bt19 billion expected for alysis solution in Thailand, encour- the squirming little creatures are po- framework, everyone will snatchthis year to about Bt60 billion in aged by the policy of the National tentially good business. His Teetat our skilled workers, because we2018, when we celebrate our 140th Health Security Office (NHSO) to Farm is among 50 ventures in the have the longest experience in theanniversary in Thailand,” said Link. extend coverage to patients with country that raise and sell a variety auto parts field,” she said. “Even lo-“We also expect our revenues to chronic kidney failure. of earthworm species as well as their cal firms have been competing withreach Bt150 billion when we cel- by-products such as vermicompost each other to get hold of them.” Un-ebrate our 150th anniversary.” Gerald Lema, corporate vice presi- fertiliser and worm tea, all earth- skilled labour is falling short too. dent and president of Baxter’s Asia- friendly substances good for the For example, unskilled migrant...B Grimm, one of the oldest corpo- Pacific region, said the investment soil. Full story at http://goo.gl/ySwLy
  6. 6. 6 BANGKOK BUSINESS BRIEF Mid-October/Mid-November 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 previous record of 1 million for the ness and increase sales in Thailand. Budget carrier clash iPhone 4S. Chevron entered Thailand in 1948 to do oil trading business. It later ex- in Don Mueang will Narong Intanate, the chairman of panded into oil refining, exploration benefit riders http://goo.gl/QyrTE Copperwired, an authorised Apple and production. partner, said Apple partners will Competition among budget car-The grey iPhone 5 likely lose a number of potential “The rebranding programme aims riers will likely heat up once theis here! customers to the grey market. The to change public perception on Cal- market leader AirAsia starts usingThe much-awaited iPhone 5 hits Thai government needs to review tex and reiterates our commitment Don Mueang airport, which will re-the grey market in Thailand today, existing regulations governing the to grow our business in Thailand,” place Suvarnabhumi airport as thepriced at 35,000 for 16 gigabytes imports of frequency-based equip- said Chevron’s country chairman airline’s new main hub in Thailandand 43,000 baht for 64 gigabytes. ment, which now take about one and general manager Adrian Ben- from next Monday. The duel will beThe grey iPhone 5 in Thailand will month to be approved, he said. deck. “This year will be another big between Thai AirAsia (TAA), AirA-be imported from Singapore, Hong move of marketing campaigns and sia’s flagship in the country, and theKong and Australia. Mr Narong said approval of the sales promotion of San Ramon- Thai-owned Nok Air, both of which import of this equipment takes just based Caltex in four years,” he said. will compete on the same battlefieldApple announced the launch of days in Singapore. “With the advent “We want to also communicate to of Bangkok’s old airport, which isthe iPhone 5 on Sept 12, saying the of the Asean Economic Community the public that we’re ready to grow set to become a fully functionalproduct will be made officially avail- in 2015, the state needs to amend our business in this country despite aerodrome.able in nine markets today – the the rule to be on a par with... stiff competition,” said Mr Bendeck.US, Singapore, Australia, Canada, Full story at http://goo.gl/IIxCR Industry executives predict in-France, Germany, Hong Kong, Ja- The rebranding cost is not disclosed. tense fare competition and mind-pan and the UK. The device will be Caltex in major According to Mr Bendeck, the com- boggling marketing gimmicks willlaunched in 22 more markets next rebranding drive to pany plans to add 100 Caltex ser- likely be deployed by the two airlineFriday and another 100 in Decem- raise market share vice stations by 2015 from 450 at groups as they battle on the sameber including officially in Thailand. present. Of the total new pumps, 30 ground rather than at different air- Chevron (Thailand) Co, one of are expected to be operational this ports. Both carriers will lose one ofApple recently said pre-orders of Thailand’s oldest oil traders, is re- year. Each outlet is estimated to cost their unique appeals for their clientsthe iPhone 5 topped 2 million with- branding its Caltex service stations about 30 million including... _ easy airport accessibility for pas-in 24 hours, more than double the as part of its plans to expand busi- Full story at http://goo.gl/En4B1 sengers.

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