Bangkok Business Brief - December 2011 Vol1.Issue1
www.bangkokbusinessbrief.com BANGKOK BANGKOK BUSINESS BRIEF December 2011 1 BUSINESS BRIEFVol. No. 1, Issue No. 1 December 2011THB 100.- www.bangkokbusinessbrief.com Bangkok Business Brief: The quick guide to your business news By Alan Verstein The newspaper you’re holding right now comes from a need for a re- source that I thought our city has been lacking for too long: a business- to-business journal that consolidates and summarizes the reported busi- ness news happening here. In the United States, every major city has its own similar business journal, and I believe that the time has come toThailand struggles for high marks have a similar publication here.on ASEAN scorecard This newspaper is a guide to quickly digest the month’s local business news from various news outlets,By Dean Outerson categorized into 12 topics of inter-With just over three years until marks by the 2015 target date. URGENT! British est (see ‘Inside’ to the left) and sum-ASEAN is meant to transform it- While there has been progress in expats see Page 12 marized with a brief sample of theself into the ASEAN Economic certain sectors in most of the ten NOW! full story. If you find a summary inCommunity (AEC), questions re- ASEAN member states, signifi- which you wish to read the whole ar-main about whether members can cant work still needs to be done In order to get to these numbers, ticle, then just enter the short codeachieve the AEC Blueprint bench- in key areas. Despite optimism the 2007 AEC Blueprint calls for provided at the end of the synapsis from some ministers and from the the elimination of all tariffs on into your web browser and you’ll be Inside ASEAN Secretariat, many analysts in the region speculate that the all goods within the community, labour mobility (starting with taken directly to the original story from the original source. General Interest 2 dream of the AEC will take more seven professions), liberalisation Economy 3 time. They say that Thailand in of the services sector (including This monthly guide is just the Government 4 particular, needs to make significant hotels and tourism), free flow ‘tip of the iceberg’, however, as Finance/Investment 5 improvements in certain sectors in of investment in all industries, you can also visit our website Production 6 order to achieve these benchmarks. a single aviation market, an in- – www.bangkokbusinessbrief.com – Infrastructure/Logistics 7 tegrated competition policy to on a daily basis and get a snapshot of Retail/Services 8 If the AEC reaches its goals and prevent monopolies, infrastruc- the day’s business news, all with links IT/Comms 9 achieves economic integration in ture development (with a focus to open up the full original articles. Tourism 10 2015, the combined economies on transport, ICT, energy and Real Estate 11 will feature a population of over other cross border issues), and And we don’t stop there: every month 600 million, a forecast nominal improved agreements and inte- brings fresh cover stories, Chamber Environment/CSR 12 GDP of US$1,800 billion and over gration in areas such as taxation, updates, and event calendars. We Business Organizations 13 6% of the world’s trade. The AEC e-commerce and SME develop- have more features planned for the The Chambers 14 will be the third largest economy ment. future as we expand, so join us every The Calendar 22 in Asia, behind China and India. Story continues on Page 20. day online and monthly in print.
2 BANGKOK BUSINESS BRIEF December 2011 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 liam Shakespeare in JuliusCaesar. 1997-98 was a blessing, as the tirees to people of working age re- Nature and life are cyclical _ the impact of 2008 would have been mains above the European average. seasons of the year, life and death, far worse for the region,” Azman the phases of the moon, the tides. Mokhtar, the managing director In India, China and Thailand, Caught up in daily details, we eas- of Khazanah Nasional of Malaysia, roughly 12 percent of the popula- http://goo.gl/ozbNM ily forget that the business world told the CIMB Asean Conference. tion contribute to a pension,...Asia stands to has cycles, too. We are all familiar Full story at http://goo.gl/nLEIS with the economic business cycle His comments were...gain from West of expansion, contraction and re- Full story at http://goo.gl/dfu2u Preventingslowdown covery. However, other cyclical... Thailand near top Bangkok fromThe shift of economic growth mo- Full story at http://goo.gl/fJolrmentum to the East has opened of list of world’s sinking biggestup numerous opportunities that Panel: Asia better weakest pension challengeAsian countries should not miss off, not immune, Land subsidence caused by groundout, suggests an economist. systems: study water losses tops the list of prob- from global crises Greece, India, China and Thailand lems that must be solved in Bang-The robust economic growth of KUALA LUMPUR : The Asian cri-are home to the weakest national kok to mitigate the impact of theChina and emerging economies pension systems in the world, sis in the late 1990s was a wake-up climate change on flooding, sayswill open a new opportunity for crippled by a mix of acute sover- call for the region that has turned a study by multinational agencies.Asian economies to increase their eign debt, young retirement ages, out to be a blessing in disguisewealth from trade in goods and high ratios of pensioners to work- The conclusion is contained in nearly 15 years later, as the region’sservices at a time when the United ers and poor pension take-up, a a report entitled “Climate Risks financial sector is now strong andStates and Europe are... study showed. able to sustain a certain degree and Adaptation in Asian CoastalFull story at http://goo.gl/S65D6 of shocks from the fallout in the Megacities”, jointly conducted by the Western Hemisphere, accordingThe Allianz Global Investors Pen- Asian Development Bank, the JapanGrow with the flow sion Sustainability Index, which International Cooperation Agency to a panellist at a recent Aseanof cycles conference. tracks the relative sustainabil- and the World Bank in 2010.‘There is a tide in the affairs of ity of national pension systemsmen, which, taken at the flood, “There will be more crises in the in 44 countries around the world, The report recommended a...leads on to fortune”, wrote Wil- future, and the Asian crisis in showed the number of Greek re- Full story at http://goo.gl/20yMD
2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF December 2011 Briefs 3 To read the fu enter the shor ll article of a t code at the story brief, ...added that the BANGKOK o.gl/bH6PF the story into end set aside a signi company had General Inte your browser: of go budget of Bt20 ficant investment 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 ... are cyclical _ wa the impact of s a blessing, as the mains BUSINESS BRIEF seasons of the yea 2008 would ha above the Europ the phases of the r, life and death, far worse ve been ean average.smartphone to see all the stories http://goo.gl/o zbNM Caught up in da moon, the tides. for the region, ily details, we eas Mokhtar, the managing ” Azman In India, China Asia stands to ily forget that - of Khazanah director rough and Thailand,in a certain category. gain from W has cycles, too. the business wo 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- The 1997 financial crisis is reced- covery. Howe traction and re- Full story nts were... ...Economy The shift of eco ing into memory but Thailand’s no mentum to the mic growth mo- phenomena affect... “Magazines Perform Best At Sending Consumers ver, other cyc lical at http://goo.gl/d Thailand near fu2u Full story at htt Preventing p://goo.gl/rtpH 3 up numerous East has opened Full story at http://goo.gl/fJ top Asian countries opportunities taxpayers are still footing the bills that out, suggests an should not miss Panel: Asia bett To Start A Search Online” olr of list of wor weakest pens ’s ld Bangkok from off, not immun er sinking bigges _ 60 billion baht a year in interest economist. e, systems: studion challenge t The robust eco on debts from bailing out financial no from global cr Source: BIGresearch Simultaneous Media Usage Study (SIMM17) Dec. 2010 y China and em mic growth of ises Greece, India, Ch Land subsidence http://goo.gl/LjBqz erging economi es KUALA LUMPUR : The As are home to the ina and Thailan d water losses caused by groun institutions that ultimately failed will open a ne w Asian economi opportunity for sis in the late 1990s was a es to increase the ian cri- pensi wake-up cripp weake tops on systems in st national lems that must the list of prob- be solved in Ba d call for the reg the world, koThailand Says GDP and survivors brought low by wealth from tra services at a tim ir de in goods an out to be d ion that has tur a blessing in led by k to ned eign debt, a mix of acute sover- clima mitigate the impact of the ng- reckless lending. e The Bangkok Business Brief has a circulation of 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, saysMay Shrink 3.7%, 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 10,000 copies with distribution as listed below: tain a certain showed. ers to work- The conclusio ational agencies . Grow with th degree n is containeAdding to Rate-Cut of shocks from a report entitl d in To this day, the government and of cycles e flow Western Hemi the fallout in the The Allia nz and Ad ed “Climate Ris ks sphere, accord to a panellist ing sion Susta Global Investors Pen- Megac aptation in Asian CoastalCase the Bank of Thailand continue to ‘There is a tid at a recent As ina ean tracks the bility Index, which Asian ities”, jointly conducted by the men, which, tak e in the affair argue over who is responsible for s of leads on to for en at the flood, “There wi conference. • Direct mailing to Chamber of Commerce members ity of nationa relative sustai l pension sys nabil- Internati Development Ba nk, onal Cooperatio the Japan tune”, wrote Wi ll be more crises in 44 cou tems and the n Agency in the showe ntries around the world, World Bank inThailand’s economic growth the debts and how best to repay l- future, an d the Asian crisis in tirees d the number of Greek re- to people of wo The report recom 2010.quickened for the first time in them before more public money • Circulated to Amata Industrial Estate executives rking age re- Full story at htt mended a... p://goo.gl/20yMDmore than a year last quarter on goes to waste.exports, before the worst floods inalmost 70 years raised the specter Teerana Bhongmakapat, dean of • Five-star hotel business centers and executive loungesof a slump and prompted the gov- economics at Chulalongkorn Uni-ernment to cut its 2011 forecast. versity, says the liabilities are, after • Delivered with ‘Food By Phone’ orders all, public debts, and should beGross domestic product rose paid by...3.5 percent in the three months Full story at http://goo.gl/pkQyjthrough September from a yearearlier, after climbing a revised Thailand Inflation To Advertise, Contact2.7 percent in the previous quar- Holds Above 4% aster, the National Economic and Floods Stoke Food Andy HydeSocial Development Board said +66 (0)80 814 9080in Bangkok today. The median of Costs email@example.com estimates in a Bloomberg News Thailand’s inflation rate heldsurvey was for a 4.5 percent gain. above 4 percent for the seventh www.bangkokbusinessbrief.com straight month in October as theThe damage may reach 400 billion worst floods in almost 70 yearsbaht ($13 billion), Barclays Plc destroyed crops and stoked foodsaid, and the Bank of Thailand has costs. Bangkok Business Briefsignaled room to cut interest ratesto prop up growth as well as... An index of consumer prices www.bangkokbusinessbrief.comFull story at http://goo.gl/EF1rI climbed 4.19 percent from a year earlier, the Ministry of Commerce Publisher and Managing DirectorWorld Bank: said in Nonthaburi province out- Kaewta VersteinFloods to stunt Thai side Bangkok today, compared firstname.lastname@example.org at 2.4% with a 4.03 percent pace in Sep- tember. The median of 13 esti- Executive Assistant to the Managing DirectorThe World Bank expects a sig- mates in a Bloomberg News sur- Pla Jaiyen • 081-650-9900nificant dampening of the Thai vey was for a 4.5 percent gain. email@example.com this year from the wide-spread flooding and warns that fu- The Bank of Thailand slashed its Sales & Marketingture expansion could suffer from 2011 economic growth estimate Alan S. Verstein • 081-761-9302growing concerns of a possible re- following the disaster, adding firstname.lastname@example.org in Europe and continued pressure on policy makers to...sluggish public investment. Full story at http://goo.gl/Hg5iX Business Development Manager Andy Hyde • 080-814-9080Its semi-annual economic report Greek crisis poses email@example.com Asia Pacific released yesterday a threat to Thai News Director and Ad Trafficsaid the flooding would reduce economy, governorThailand’s economic growth to Joke Chaymanee2.4% this year from 3.4% project- warns firstname.lastname@example.org previously. A major risk for the Thai economy Managing Director & Creative Director in the post-flood period will beHowever, reconstruction and sup- the political gridlock in Greece, Reid Nixon • 080-246-9000ply chain resumption would... which is threatening to result in a email@example.comFull story at http://goo.gl/550Ve debt default that will spill over to Graphic Designer the rest of the euro zone, says cen-The malady lingers tral bank governor Prasarn Trai- Au Laphat-radaon ratvorakul. DeliveryPressure mounts on central bank Preecha Lormnakto take more responsibility for Dr Prasarn called for an early res-the huge costs of the 1997 bail- olution to the Greek problem in... Issue 1, Volume 1 • December 2011out Full story at http://goo.gl/KFH3R Copyright 2011. All rights reserved.
4 BANGKOK BUSINESS BRIEF December 2011 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 and medium-sized enterprises On Prime Minister Yingluck Shi- as autos and parts, electronics employing 670,000 people in 32 nawatra’s order, Mr Virabongsa and electric appliances, and farm Government provinces, reducing the SME sec- will head a panel responsible for equipment – as well as individuals tor’s gross domestic product by formulating strategies to... to cope with the higher costs in- Bt24 billion per month, according Full story at http://goo.gl/d7ahU flicted by the flood.Sponsoredhttp://goo.gl/EIbH6 by TISCO Financial to the Office of Small and Medium Enterprises Promotion (Osmep). ERC approves “We need to ensure buyers that ex-Update on tax Bt20bn relief ports from these industries will...easings The Industry Ministry yesterday measures Full story at http://goo.gl/DKBZ7Finance Minister Thirachai Phu- announced the registration ofvanatnaranubala will today meet flood-affected SMEs that want the The Energy Regulatory Commis- Suppliers affectedrepresentatives from the manu- government to help rehabilitate... sion approved relief measures for indirectly will alsofacturing sector to update them Full story at http://goo.gl/uN4wy individuals and manufacturers, need BoI helpabout progress on proposed tax which could be valued about Bt20measures for businesses affected Plan hatched to billion. The government will allow exist-by the severe flooding. revitalise tense ing promoted businesses affected nation Direk Lawansiri, chairman of the indirectly by flooding to enjoyThese include a duty waiver on commission, said that the mea- Board of Investment privileges formachinery and raw-material im- The government has appointed a sures cover a waiver of service fee, an extended period.ports from non-Asean countries, veteran economist and a close aide the payment of electricity bills inas well as rebates for flood-dam- of His Majesty the King to help get installments, a temporary mainte- Severe impact is expected for sup-aged raw materials. There is also a the country back on its feet in light nance of fuel tariff (FT), the... porting industries in the automo-proposal to extend the period for of the flood disaster. Full story at http://goo.gl/G0Vtz tive, electronics and other sec-loss deduction from taxable... tors, because even if they are notFull story at http://goo.gl/LfSQw Former deputy prime minister Govt’s Bt3bn to affected by floods, some of their and respected economist Vi- kick-start exports customers could be out of actionMinistry starts rabongsa Ramangura will sit on a The Commerce Ministry plans to for months.rehab scheme high-level committee to lay down spend Bt3 billion to Bt4 billion toThe flood crisis is estimated to master plans to rehabilitate the help manufacturers – especially The cabinet has already approved...have affected about 240,000 small country. in the hardest-hit industries such Full story at http://goo.gl/fJfj7 Looking for your dream property? Berkshire With over 1200 listings, we know what you are looking for. PROPERTY Legal services executed from your home country. Fully Berkshire licenced for wills, trusts, notaries, power of attorneys. LEGAL Your paperwork goes back so you don’t have to. Assisting clients of all nationalities in securing their Berkshire financial future, with 24hr online access to all major INVESTMENT financial institutions and investment products Are you the cream of the crop? With over 200 jobs for Berkshire expats in Europe and Asia, find your perfect position! RECRUITMENT All insurance types from health to high risk personal Berkshire insurance (Iraq, Afghanistan), from all the major INSURANCE insurers worldwide. Get a quote today! Contact Us 24 Hours a Day Worldwide www.BBGI.asia +66 875 510 996
2 BANGKOK BU SINESS BRIEF December 20 11BANGKOK BUSINESS BRIEF December 2011 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 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-Finance / Investment hurts the economy and curb cor- The shift of eco no covery. Howe traction and re- Full story ver, other cyc nts were... at http://goo.gl/d Full story at htt ... p://goo.gl/rtpH mentum to the mic growth mo- phenomena affect... lical fu2u porate earnings, according to one up numerous East has opened Full story at http://goo.gl/fJ Thailand near Preventing 3 opportunities olr of list of wor top of the nation’s top-ranked fund Asian countries that out, suggests an should not miss Panel: Asia bett ld Bangkok from weakest pens ’s sinking bigges managers. economist. off, not immun er systems: studion t The robust eco from global cr e, y challenge no China and em mic growth of ises Greece, India, Ch Land subsidence http://goo.gl/wKeiJ erging economi es KUALA LUMPUR : The As are home to the ina and Thailan d water losses caused by groun The benchmark SET Index, which will open a ne w Asian economi opportunity for sis in the late 1990s was a es to increase the ian cri- pensi wake-up cripp weake tops on systems in st national lems that must the list of prob- be solved in Ba d call for the reg the world, koThailand is closed yesterday at 983.44, may wealth from tra services at a tim ir de in goods an out to be d ion that has tur a blessing in led by k to ned eign debt, a mix of acute sover- clima mitigate the impact of the young retire te change on ng- e dis end this year below 1,000, said States and Europ when the United nearly 15 years later, as the guise high ratios of pension ment ages, a study by multin flooding, saysattractive, despite Grow with th 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 Prapas Tonpibulsak, chief invest- tain a certain degree showed. ers to work- The conclusio ational agencies n is containe .floods: Mobius of shocks from a report entitl d in ment officer at Krungsri Asset of cycles e flow Western Hemi the fallout in the The Allia nz and Ad ed “Climate Ris ks sphere, accord to a panellist ing sion Susta Global Investors Pen- Megac aptation in Asian CoastalThailand should recover well from Management Ltd. That would be ‘There is a tid e in the affair s of conference. at a recent As ina ean tracks the bility Index, which Asian ities”, jointly conducted by the relative sustai Development Ba men, which, tak nabil- Internati nk,the disastrous floods, as impacts a drop of at least 4.8 percent for leads on to for en at the flood, “There wi tune”, wrote Wi ll be more crises ity of nationa in 44 cou l pension sys tems and the onal Cooperatio the Japan n Agency in the showe ntries around the world, World Bank in– including those on banks and 2011, after gains of 41 percent l- future, an d the Asian crisis in tirees d the number of Greek re- to people of wo The report recom 2010.non-bank corporates – should be in 2010 and 63 percent in 2009. rking age re- Full story at htt mended a... p://goo.gl/20yMDshort-lived, said Mark Mobius, a Prapas previously had a year-endglobal investor and emerging mar- forecast of...kets fund manager. Full story at http://goo.gl/bKr0e“We believe Thailand should also Securities firmsremain an attractive place for for- okayed to offereign direct investment (FDI) due wholesale servicesto location advantages, a sup-portive business environment Securities companies will be al-and highly competitive work- lowed to provide wholesale cur-force. While devastating in the rency exchange services, saysnear-term, we believe that impact Finance Minister Thirachai Phu-from the flooding should prove vanatnaranubala.short-lived, and that Thailandshould recover well from this di- The Bank of Thailand has con-sastrous event,” he said in his noteducted a study on the possibilityin Franklin Templeton Manage- of securities firms expanding thement’s website. scope of their business. Initially they can provide wholesale cur-The executive chairman of Tem- rency exchange services, while re-pleton Asset Management expects tail currency exchange is reservedthe banking sector to... for commercial banks.Full story at http://goo.gl/WAfLS Mr Thirachai said the expansionBaht outlook should be done step-by-step, butanyone’s guess added securities companies... Full story at http://goo.gl/JG96FThe revival of business and eco- Baker Tilly Corporate Advisorynomic activity after the floods Japan Plans Baht Services (Thailand) Limitedcould provoke baht volatility after Loans to Aidmany months of mild movement, Companies Hurt byanalysts say. Our Services Thai Floods • NPL Disposal and AcquisitionSome expect the Bank of Thai- The Japanese government is pre-land to be more tolerant of mar- paring a loan program to aid • Debt Restructuring / Turnaroundket volatility as it implicitly pro-companies operating in Thailand • Fund Raisingmotes hedging among market as the worst flooding in 50 years • Valuation Reportsplayers. forces Toyota Motor Corp. and Nissan Motor Co. to shut facto- • M&ASuchada Kirakul, a central bank ries. • Cash and Performance Monitoring & Accountingdeputy governor, said last weekthat the bank had been more re- Loans would be backed by Japa- Due Diligencestrained in buying US dollars from nese government bonds and thethe market to smooth volatility, Bank of Japan would be involved If you require any of these services,wanting private-sector actors to be in disbursing the baht funds in the please feel free to contact the Partners -more attuned to their own risks... event of cash shortages, Tsutomu Yundyong Thantiviramanon, Amnaj MungkornpunFull story at http://goo.gl/WDsdx Okubo, a lawmaker and deputy policy chief for the ruling Demo- or Warwick Kneale on +66 2 679 5400 orThai Stocks to Halt cratic Party of Japan said in an firstname.lastname@example.orgTwo-Year Gain on interview in Tokyo yesterday. TheFloods BOJ said today it is working with Thailand’s central bank to arrange www.bakertillythailand.comThai stocks are set to halt a two- the program...year rally as “disastrous” flooding Full story at http://goo.gl/d9wZE
6 BANGKOK BUSINESS BRIEF December 2011 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/bH6PFProduction an to help Thai manufacturers not and Pathum Thani. Manufacturing Insights, revealed yet affected by the floods to con- that 19 percent of high-tech com- tinue their operations. Amata operates two industrial es- pany respondents plan to source tates in Chon Buri and Rayong. supplies and raw materials from The tax waiver is urgently needed Hemaraj operates... North America in... http://goo.gl/UrVpE because unusually high automo- Full story at http://goo.gl/zdxQg Full story at http://goo.gl/PnBzoExport growth is bile demand is expected, especial- ly for versatile pickup trucks,... High-tech Thai Floodslowest in 2 years Full story at http://goo.gl/1CVn7 companies look May Shift JapanYear-on-year rise of 0.3% in soggy beyond China for Investment toOctober: The effect of the flood Amata, Hemaraj’scrisis on a wide range of manu- dry estates well alternative sourcing Indonesia, Vietnamfacturing sectors slowed October’s placed for 2012 locations: Study Japanese companies, Thailand’sexport growth to only 0.3% year- biggest foreign investors, mayon-year to US$17.2 billion, the Amata Corp and Hemaraj Land Rising costs in China are prompt- spend more to build factories inlowest rate in two years. and Development are expected to ing high-tech companies in Asia to neighbors including Indonesia perform well in 2012 on expec- explore alternative sourcing loca- and Vietnam after the worst flood-Deputy Commerce Minister tations of increased demand for tions within the region as wellas in ing in 70 years disrupted globalSiriwat Kachornprasart said the land in dry industrial estates in the North America, according to a new production.plunge reflected production sus- aftermath of the floods, brokerage UPS-sponsored survey. As part ofpensions among producers of ma- houses said. this shift, half of all high-tech trade “Executives recognize the con-jor export items such as comput- lanes in five years’ time are expected centration risk after the floods,”ers and electronics, electrical... DBS Vickers Securities (Thailand) to involve intra-Asia movements. said Takahiro Sekido, chief JapanFull story at http://goo.gl/6hp3G and CIMB Research shared the economist at Credit Agricole CIB view that the two industrial estate “Moving ahead, we expect to see in Tokyo. “The recent trend of ac-Duty waiver urged developers would enjoy higher manufacturers placing greater em- celerating investment into Thai-Automakers seek to cut parts costs: land sales next year, as none of phasis on supply chain risk aware- land will cool despite the fact thatThe government is being urged to their estates was affected by the ness and mitigation.” Thailand was such an ideal desti-consider waiving duties on auto floods, which have inundated sev- nation.”...parts imported from outside Ase- en industrial estates in Ayutthaya The survey, conducted by IDC Full story at http://goo.gl/7e5lc Tris Mart Ltd, Hong Kong “HOW CAN I GET MY PEOPLE Textiles & Apparel Services in Asia TO WANT TO DO THE THINGS Sourcing | Buying | Production | QC I WANT THEM TO DO?” 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. ...DEVELOP YOUR LEADERSHIP SKILLS Product develoPment GrouPs 1. Apparel: knitwear, woven, sweaters, denim,… “ ompanieswithengagedstaffconsistently C 2. textiles: yarns, fabrics, home textiles, leather,… 3. technical: clean-tech, eco-tech, med-tech, pro-tech, sports-tech,… out-performcompetitorsby47%to202%” 4. made ups: bags, belts, headwear, socks, plush toys,… 5. Accessories: labels, badges, patches, hangtags,… Source:International Research studies. licensinG mAnufActurinG: Takeafree,‘testdrive’leadershipskills Got a license, idea, concept and looking to develop / produce your babywear, children’s wear, teens’, ladies’ and men’s wear? Contact us, since we are familiar in this sector. workshop,soyoucandecideifCrestcom leadershipdevelopmentwillworkforyour For all inquiries, please contact: CompanyorOrganization. Gery EMONDS, Owner Founder (Nederlands, Francais, English, Deutsch) email@example.com or firstname.lastname@example.org CallDavidBell:022557890or0818364790 skype: gery.emonds (see location ‘Bangkok, Thailand’) www.trismart.net (website under construction) Oremailus:email@example.com “If it’s made from textiles, Tris Mart Ltd can find it for you in Asia.” Vast Network of Partners in these Asian Countries of Production: Bangladesh China india Laos thailand Vietnam