Bangkok Business Supplement - March 2017

March 2017 

BANGKOK 

TM 

SUPPLEMENT 

FREE 

COPY 

BUSINESS 

OFF THE BEATEN TRACK - 

VISITING SECOND-HAND MARKETS IN BANGKOK 

COVER STORY OVERLEAF 

INSIDE THIS ISSUE ... 

& THE AEC AND ITS ECOMMERCE POTENTIAL, PART 3 

& UK BASED D8II DIGITAL CONSULTANCY MOVES ITS HEAD OFFICE TO BANGKOK 

& COMBINED RAIL AND BUS ‘SPIDER CARD’ COMING IN JUNE 

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BUSINESS SUPPLEMENT 

cover story 

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OFF THE BEATEN TRACK - 

VISITING SECOND-HAND MARKETS IN BANGKOK 

There are a number of second hand markets in 

Bangkok and these can offer some great finds 

at low prices. Whilst traditional street markets 

are very common in Bangkok, secondhand 

markets may lie a little further afield. Visiting a 

secondhand market in Bangkok can be an interesting 

experience, as you may never know 

what you might come across. 

General second-hand markets sell anything 

from used clothes and shoes to electronic items 

such as mobile phones and computer equipment. 

With the latter in mind, the Khlong Tom market, 

that used to be based in many of the small sois 

that run from the Corner of Worachak Road and 

Chao Kamrop Road, had been running every 

Saturday and Sunday and was a geeks paradise 

as it was a specialist electronics second 

hand market. 

The market covered more than 20 sois in a grid 

like pattern and it was jam packed with shoppers 

and vendors alike. It was unofficially known as 

the flashlight market since, not only could you 

buy flashlights, but also you would need one to 

see all the other merchandise on offer due to 

the fact that it was not well lit in some places. 

It seemed that anyone could camp down in the 

streets and open up a stall and start selling. 

However it has since been closed down due to 

the chaos that it caused to traffic and residents 

alike and many of the vendors have gone elsewhere. 

One place where some of them headed to is the 

Pattavikorn market on Nawamin road between 

High Tower Co., Ltd. Tel: 038 411 009 

Photo courtesy of www.travelfish.org 

sois 70 and 72. This has a rich history as it used 

to be an outdoor market but is now largely undercover. 

The site has been developed over 

time and it now covers a large area. 

There are some permanent stall holders in the 

central area and at the eastern end selling antiques, 

bric a brac, shoes, and electronic items 

such as digital cameras and hard to find memory 

cards. On the western end there is a relatively 

newly opened area where vendors can rent 

space. Typically these are not necessarily regular 

vendors but simply people having a clear 

out and so it is here that you maybe able to find 

some bargains. 

Expect to see about 200 regular vendors in the 

main market and another 150 private vendors 

or so on the west side. The market is open daily 

from about 2pm until 8pm, with the weekends 

being the busiest time. You can reach Pattavikorn 

market from Sukhumvit road by taking a 

bus number 71 from Phra Khanong BTS and 

riding it to the terminus. Alternatively ask a taxi 

to go to the corner of Nawamin Road and Kaset-Nawamin 

Road and this will be very close 

to the site. 

In the same area on the southern end of Kaset 

Nawamin road is another large market which 

comes alive at night and which has grown in 

size relatively recently. It is directly opposite 

“The Walk” shopping mall and is well lit and 

well organized. However due to its size you will 

likely need a good few hours to explore the entire 

market. On offer are shoes, bags, clothes, 

fashion items, electronics as well as some good 

Thai food. 

Another market gaining popularity is the Train 

Night Market in Ratchada, which is located behind 

the Esplanade shopping mall, an unmissable 

landmark along that busy road. The market 

opens at 5pm and closes at 1am and so patrons 

and vendors alike can beat the daytime heat 

and enjoy the market until late. On offer are 

plenty of oddities and antiques, secondhand 

items and some vintage items. The market is 

also famous for its 3 food sois that serve up a 

great variety of fresh food and drink. The size 

of the market is such that it can be explored in 

about 1 or 2 hours. The market is open daily 

withe Friday and Saturday nights the busiest. 

Rama 4 has a good market selling second hand 

clothes, fashion accessories, and shoes near 

to the Big C just south of the Khlong Toei junction. 

For these kinds of goods you will likely find 

that you can get a bargain and maybe even find 

something that is quite unique! It is open every 

day in the afternoons and evenings, with more 

vendors appearing at the weekends. 

For all your advertising enquiries - Tel: 0846 77 43 60


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UK BASED D8II DIGITAL 

CONSULTANCY MOVES ITS HEAD 

OFFICE TO BANGKOK 

D8ii, a UK based technology research 

and consultancy company 

is getting ready to promote its 

new head office in Bangkok as a 

focal point for companies to gain 

an edge in the mobile application 

space. In November 2016 the 

company moved its head office 

from London to Bangkok in order 

to take advantage of what it sees 

as huge opportunities in the Asian 

region. 

Founder and president, Mr. 

Jayson Ho was quoted as saying, 

“We want to promote Bangkok as 

our global corporate headquarters 

as another drive to help promote 

Thailand as a hub for the digital 

workforce in Asean.” 

The UK still has a local office and 

other locations with local offices 

include the U.S., China and Hong 

Kong. Thailand accounts for 30% 

of the company’s customer base, 

with the UK and U.S. accounting 

for a similar 30% each. China 

accounts for 10% of its customers. 

Often called simply D8, the entity 

is currently in the process of securing 

a new wave of funding to 

the tune of approximately US$3 

million. The investors for this 

round are Bangkok based investment 

company Kuvera Group. 

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employees as well as other IT 

graduates. The scholarships will 

be for the study of advance technologies. 

With companies and other organizations 

in Thailand increasingly 

moving into the digital environment, 

Mr. Ho sees good opportunities 

going forward. The mobile 

app market is also growing fast. 

The global market is expected to 

be worth US$98 billion by 2021, 

more than double the US$48 

billion reached in 2016. 

Thailand, as a high growth country 

in the app market, is expected 

to provide good revenues. Mr. 

Jayson Ho was quoted as saying, 

“We expect the local mobile app 

market to be worth hundreds of 

millions of dollars per year.” 

D8’s real expertise is its ability to 

help companies to develop business 

strategies by using new 

technologies including specialist 

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on these technologies, D8 has 

gained a good reputation to help 

businesses implement their strategies 

with a good level of success. 

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The proceeds of the funding are 

expected to be received within the 

next nine months and the money 

will be used to fund future expansion 

and to build a development 

centre. D8 also plans to spend 

around US$1.5 million to give 

scholarship programs of between 

Most of D8s customers are start 

up companies in the fields of 

healthcare, travel, finance, and 

entertainment that need exactly 

this kind of assistance. D8 expects 

revenues to increase from US$1.1 

million in 2016 to as much as 

US$11 million by 2019. 




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THE AEC AND ITS ECOMMERCE 

POTENTIAL, PART 3 

In the last issue in this series 

looking at the ecommerce potential 

of the AEC member states we 

touched on the fact that many 

analysts are looking at that potential 

from a Western-centric viewpoint. 

In this issue we’ll look at 

why that may be flawed. 

As noted previously, much of the 

material for this series is based 

on a lengthy article by Shenji Ho, 

published in November last year. 

Ho believes existing projections 

about ecommerce valuations 

should be looking more at what’s 

been happening in China rather 

than searching for answers from 

the US, European and even the 

Japanese models. 

Ho believes ‘we should be expecting 

high double-digit hypergrowth 

similar to the one China 

experienced over the last decade 

instead of the more gradual yearon-year 

progress of more legacy 

ecommerce markets.’ 

Jack Ma, the founder and chairman 

of Alibaba, is quoted as saying the 

reason the ecommerce market 

grew so big and so quickly across 

China was simply because the 

retail infrastructure was so bad. 

Unlike the United States where 

there are physical shops everywhere, 

China virtually had none, 

so ecommerce had a perfect 

marketplace to start up. 

Of course, Thailand has some of 

the most high-end malls and department 

stores to be found anywhere, 

with Bangkok hosting the 

likes of Central World and Paragon. 

Yet once you get outside of 

Bangkok, and even Pattaya and 

Phuket, there’s much left to be 

desired. While a city such as Surin, 

for example, has seen some 

tremendous growth in terms of 

name-brand outlets opening up, 

it is still very much a poor cousin 

when it comes to what is available 

in Bangkok. 

According to recent data, Retail 

Gross Floor Area (GFA) per capita 

is 2,200 square metres in the US 

versus 500 square metres in Thailand 

(which is the same as China). 

As Ho notes, ‘As a result, the 

majority of consumers in Thailand 

have no choice but to shop online, 

especially those outside the bigger 

cities. Based on aCommerce 

aggregate numbers, 70 percent of 

orders are from outside Bangkok. 

Like in China, all this is expected 

to accelerate ecommerce growth 

at a much higher pace than in 

legacy markets.’ 

Cash-on-delivery (COD) remains 

the dominant payment method, 

and data suggests around 74 

percent of transactions around 

the AEC member states are paid 

through cash. 

Notably, this is starting to change, 

with many readers no doubt familiar 

with local ecommerce company 

Lazada and its easy COD 

options. Lazada was acquired by 

Alibaba and the new parent ‘is 

executing its master plan to bring 

Alipay and Ant Financial services 

into the region.’ 

In the fourth and final issue we will 

look at other factors which suggest 

the AEC ecommerce market is 

going to be a lot larger than many 

might have expected. 



SCAN 

THIS 

AREA 


Thai Internet use is dominated by smartphone 

access, with more than 90 percent of respondents 

to a recent survey saying that they use 

their smartphone to access the Internet. Just 

over 50% of responders said they also use a 

desktop computer and 24.9% said they use a 

laptop. Tablets came in last place, scoring just 

15%. Regardless of device, Thailand has one 

of the most active Internet user bases in South 

East Asia. 

With smartphone use being increasingly an 

important market for handset makers and bandwidth 

service providers alike, it was noted that 

different geographic regions had different rates 

of usage. In Bangkok 70% of respondents used 

smartphones, but in the provinces the rate fell 

to 39%. 

Even with such an active user base, only 43.8% 

of the Thai population has a smartphone and 

it is expected to take another three years for 

smartphone penetration to reach the 50% mark. 


THAILAND NEWS 

Thailand’s Kasikornbank bank is looking to 

expand into Indonesia next year. The entry is 

expected to be by way of acquisitions and then 

local branding. The bank is also eyeing up the 

Myanmar and Vietnam markets but has kept 

its priority with Indonesia as the market size is 

much larger, indeed it is approximately triple the 

size of the Thai market. 

The plans have met some roadblocks, in particular 

a requirement by the Indonesian government 

for overseas banks to acquire at least one 

local entity. However stronger banks are not 

allowed to be bought in Indonesia, in order to 

keep the local market competitive. 

Kasikorn bank also plans to further expand into 

Cambodia and Laos and is expected to open up 

a branch in each of those countries by the end 

of this year. 

The Thai government has announced that it 

will stop subsidising sugar production by the 

end of the year and will further end its control of 

domestic end user prices. The move comes after 

WTO negotiations where Brazil pointed out that 

the Thai sugar subsidy undermines global prices 

and stops other countries from being able 

to competitively supply the local market. The 

move by the Thai government was in response 

to Brazils complaint. 

The administrative director at the Sugar and 

Cane Producing Board, Buntin Kotesiri, was 

quoted as saying, “Our new policy will be to 

let the price of sugar match that of the global 

markets whereas before it was under the control 

of the Ministry of Agriculture. We expect 

these changes to come into effect at the end 

of the year during harvesting season”. Brazil is 

the worlds largest sugar producer, and Thailand 

is the world’s second largest. 

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“Bits n 

Bytes” 

STEVE DICKENS 

NO SOONER DO YOU UPDATE 

YOUR WINDOWS OPERATING 

SYSTEM THAT IT SEEMS 

TO BE OUT DATE 

alongside Creators Update. This 

shows that Microsoft intends to 

continue its trend of having two 

updates supported at the same 

time, just as currently users can 

be running the November Update 

or Anniversary Update versions of 

Windows 10. 

Windows 10 was introduced on 

July 29, 2015 and received its first 

major update, the aptly named 

November Update, in November 

2015. The next update, Anniversary 

Update, arrived in August, 

and then the Creators Update 

is expected in April 2017. (Creator 

versions of Windows are not 

available to the general public but 

released to organizations who 

develop third party programs and 

applications for Windows) 

The rumor mill has long projected 

that a third update, codenamed 

Redstone 3, is coming at some 

point in late 2017. Now, Microsoft 

has finally confirmed that a third 

update is indeed scheduled for 

this year, as part of a presentation 

at its Ignite 2017 event in Australia. 

It was announced that a “Second 

Update in 2017” will be coming 

sometime later in the year. As 

usual, there will be a “feedback” 

period during which, presumably, 

the update is provided to Windows 

Insiders for testing. Then, a 

pilot phase will occur, presumably 

when a final build is more thoroughly 

tested — likely similar to 

the feature-complete Creators 

Update version that Windows Insiders 

are currently testing. 

Then, the as-yet-unnamed update 

will be released and will run 

As a refresher, Anniversary Update 

brought a host of new features 

and functionality to Windows 10, 

including enhanced Windows Ink, 

an improved Windows Hello experience, 

a smarter Cortana, and 

a more useful Action Center and 

notifications system. 

Creators Update will be focused 

on enhanced Windows 10 gaming, 

improved 3D support, and 

Windows Holographic for low-cost 

VR headsets. 

Redstone 3 is expected to bring 

the My People feature (a new 

taskbar area that would allow you 

to instantly communicate with 

your favorite contacts, share documents, 

send emoji’s and more) 

that Microsoft has pulled from the 

April 2017 Creators Update, as 

well as a new design language 

codename Neon, and the beginnings 

of support for Microsoft’s 

Home Hub that will take on Amazon 

Alexa and Google Home. 

Information about other new features 

in Redstone 3 have yet to 

be made public, along with a release 

date. 

So, watch this space! All I can 

say is that when it is released it 

is to be hoped that it does update 

smoothly with minimal problems 

to ordinary end users. 

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Quail & Pigeon - 

Game Bird Specialities 

At Trattoria Pizzeria Toscana and its close-by sister restaurant Moom Talay, (both located just in front of Soi 6 and 7 

on Pattaya beach road), you can find on offer some fantastic game bird specialities on the menu including quail and 

pigeon. All of the produce comes from owner Luca’s own two farms. Birds are grown organically and not in cages. 

This definitely makes a positive effect on the taste. Birds are also fed premium food and don’t receive antibiotics or 

any other chemicals, so they are an all-natural slow grown product. At Trattoria Pizzeria Toscana the preparation and 

cooking of the food is done in the traditional manner, just as it would have been from his part of the world, the 

Toscany region of Italy. At Moom Talay you can find quails cooked in Thai style too. 

Quail 

The Italian QuagliaLa quail is a small bird often 

used for food, both for its meat and for its eggs. 

A typical quail is round and small, about twenty 

centimeters in length and weighing around 100 

grams. It is not synonymous with rock partidge. 

Quail belongs to the Phasianidae family, sub 

family perdicinae, Gender Coturnix, of the coturnix 

Species. The binomial nomenclature of 

Toscana’s local quail is Coturnix coturnix L. 

The quail is a migratory bird and is quite widespread. 

It can be found in Europe and in Asia 

and is only absent in the arctic and subarctic 

bands. In Autumn it moves to the equatorial 

bands and in the spring returns to its origin 

The quail feeds mainly on grains, insects and 

sprouts. It has a number of natural predators 

including birds of prey, foxes, cats and snakes. 

The rise in the numbers of predators has lead 

to a reduction of the quail population. 

Quail is consumered by way of eggs or meat. 

Consumption is gradually diminishing in italy 

due to the changing food habits of the average 

Italian. Even though it is considered as wild game 

it does not need to be chilled or require a 

marinade, but these can still be applied 

espceially for wild specimens. Quails are consumed 

usually as a whole bird. The edible part 

represents about 67 per cent. 

The most common cooking techniques include 

browning and modest-brazing stewing (in the 

pan or casserole possibly followed by baking). 

Other cooking techniques include roasting in an 

oven or on a spit, grilling and poaching. Look 

for quail to often be served with vegetables, potatoes 

or grains in pasta dishes such as risotto, 

pasta or polenta. 

Some considerations when preparing quail include 

noting that the bird contains a high level 

of purins which are unwanted items for people 

who suffer from gout. Cholestorel content is 

average. The quail meat is lean but not skinny. 

Meat provided with skin is not considered to 

not lead to an overley high level of fat intake. 

Quail meet is high in protein and has no carbohydrates. 

Total energy intake is moderate. Quail 

provides good access to minerals such as iron 

and vitamins such as niacin. 

At Trattoria Pizzeria Toscana Quail is cooked 

Cacciatora style, served with raw olives and 

polenta, roasted or charcoal grilled. 

Nutritional information 

(per 100 g of edible portion) 

Edible part 67.0% 

Water 65.9g 

25,0g proteins 

Lipids 6.8g 

Cholesterol 58.0mg 

Energy 161,0kcal 

Sodium 40.0mg 

Potassium 175.0mg 

Iron 1.5 mg 

Phosphorus 200,0mg 

Thiamine 0.08mg 

Riboflavin 0.15 mg 

Niacin 7.50mg 

DFD 

HIGH 

PROTEIN 

with 

NO CARBOHYDRATES 

DFD

SCAN THIS AREA 

at Toscana 

Pigeon 

The pigeon, (domesticated pigeon), has been 

one of the most common birds in traditional 

Italian cuisine. Already it was appreciated in 

the Middle Ages. The meat of the pigeon was 

considered a delicacy, and was used as a bargaining 

chip in trade negotiations. 

The varieties of pigeon stem from their wild 

cousin, which has more dark meat and is tasty. 

The young pigeon or dove, reaches a weight 

of about three ounces and has a very tender 

flesh, almost white. Adult pigeons can weigh 

up to a pound by four weeks of age. The typical 

pigeon measures from 31 to 34 cm and weighs 

between 180 and 335 grams. It feeds mainly 

on cultivated and wild grain, and supplements 

its diet with berries, snails, and other small 

invertebrates. 

The female lays two eggs sporting a white shell 

that hatch after 16-19 days of incubation by 

both parents. 

The pigeon is distinguished from all other birds 

because it is able to suck up water, while others 

must ingest by raising their heads. 

The pigeon has very dark meat, which is particularly 

valuable. The distinctive flavor makes it 

suitable for wet preparations, where the use of 

strong spices or seasonings are indispensable. 

Pigeon meat contains a lot of protein and is low 

in fat. It can be cooked roasted, or boiled. 

Whether wild or domestic, the pigeon meat is 

all the more delicious when the bird is young 

because the meat is more tender and tasty. 

From the nutritional point of view, the meat of 

the pigeon is characterized by a high protein 

content (17%) and by a limited intake of lipids 

(7%). It is also characterized by high amounts 

of iron (4.5 mg), phosphorus and potassium 

(essential for the proper functioning of the 

muscles and of the heart and for the 

transmission of nerve impulses) and by 

discrete quantities of vitamins of group B. 

Since the flesh of the pigeon is not very thin, has 

low lipids and low fat content, for some people 

with digestive tract disorders or cardiovascular 

problems. it may be not so easy to digest. 

At Trattoria Pizzeria Toscana, pigeon is prepared 

as either: 

1) Ragu’ di Piccione (pigeon meat souce) to 

be serve with home made pasta and most 

of the time with Pappardelle Pasta which 

is a home made duck or guinea fowl 

eggs pasta. 

2) Grilled pigeon 

3) Roast pigeon 

100 grams of raw pigeon meat on average 

contains 142 calories and approximately: 

• 72 g of water 

• 17 g of protein 

• 7.5 g of lipids 

• 13 mg of calcium 

• 4.5 mg of iron 

• 25 mg of magnesium 

• 307 mg of phosphorus 

• 237 mg of potassium 

• 51 mg of sodium 

• 2.7 mg of zinc 

• 7.2 mg of vitamin C 

• 0.3 mg of thiamine (vitamin B1) 

• 0.3 mg of riboflavin (vitamin B2) 

• 6.8 mg of niacin (vitamin B3 or 

• 0.5 mg of vitamin B6 

• 7 micrograms of vitamin B9 or folic acid 

• 0.47 micrograms of vitamin B12 

• 28 micrograms of vitamin A retinol eq. 

Trattoria Pizzeria TOSCANA Restaurant and 

the Moom Talay Thai Restaurant are located on 

Beach Road, Pattaya (between Soi 6 and 

Soi 7). Telephone: 038 362 370; 

Fax: 038 362 371; 

email: tirreno@ptty2.loxinfo.co.th. 

For reservations: 

Phone 081 861 3446.





99 SERVICES OFFERS A WIDE RANGE OF SERVICES FOR FOREIGNERS 

99 Services and DT (Discount Travel) is a onestop 

place to go for all the various day-to-day 

services that you may need during your time 

in Thailand. It is one of the most trusted travel 

agencies in Thailand with I.A.T.A accreditation – 

one of only five operators in Chonburi - and for 

this reason can handle flight reservations and 

flight booking changes directly with airlines and 

tour operators. 99 Services can also organize 

entertainment tickets, island tours, private boat 

hire, minibus and taxi services and limousine 

bookings. It is one of only a few travel agents 

open 24 hours a day 7 days a week. They are 

very well respected among all airlines and other 

travel suppliers and are well known for their 

great professional staff. 

But that’s not all. Other services covered include 

visa assistance, work permits, company 

registration, safety deposit boxes, postal services, 

printing, property transaction assistance, 

accounting services and translation amongst 

many others. 

99 Services’ office is located opposite the VC 

hotel at the start of Pratumnak Road in south 

Pattaya. VC hotel is very well known and the soi 

next to it is often called Soi VC. It is within easy 

reach of all of Pattaya and all of Jomtien as well. 

The company has been long established and 

is owned by Roland Gobert, a French expatriate 

who previously owned the very popular My Office 

travel agent and office services centre in Walking 

street as well as the famous 19th Hole pool 

bar and restaurant just opposite. 

Roland has built up a valuable network of experts 

over the last 30 years to add to his own 

expertise that lies behind the large number of 

services offered. 

One important reason to go to 99 Services is 

their ability to find the place that can provide 

the best exchange rate for your money, which 

in itself is well worth taking advantage of. Other 

reasons to visit them are their hassle free 

postal services, property maintenance services 

whilst you are away (such as paying bills and 

maintaining vital services), website design and 

graphic design, professional printing services 

(including business cards and letter heads) and 

investment advice. 

and shipping arrangements. 

As for helping with your stay in Thailand, 99 

Services can procure maid services, home help 

and nursing services, air-conditioning maintenance 

and installation services, gardening 

services, car and motorbike rentals and tailor 

made insurance policies to cover yourself and 

your property. 

For more information call them 038 713713-5 or 

visit their website: www.99servicesthailand.com 

Onsite, there are copying facilities and a range 

of differently sized highly secure safety deposit 

boxes with immediate access around the clock 

so that you can secure your important documents 

and possessions without having to worry about 

leaving them in your hotel room or condo unit. 

Their postal services cover everything from 

multiple and bulk package dispatch, import and 

export documentation, customs declarations 



After hitting a high of 118.65 to the USD, the 

Japanese Yen strengthened to 111.59 and 

then had 2 retreats to the 115.50 mark before 

moving back towards 112.84. This is a wide 

range reflecting strong convictions from bulls 

and bears alike. The bullish case would see 

the Yen strengthen back to the 101 mark, 

whilst the bearish case argues for a return to 

118.65 and beyond towards 124.40, with recent 

pullbacks simply viewed as consolidation 

within a wider move. Against the Thai baht the 

Yen remains in the 0.3 to 0.31 area. 

FOREIGN CURRENCY UPDATE 

The US Dollar vs. the Thai Baht exchange rate 

has moderated very slightly from 35.4 to dip 

below the 35 mark at 34.97. This represents 

barely a 1% move and is mainly dollar based, 

mirroring the slight weakening of the U.S Dollar 

of late. The Dollar index, which did reach 

a high of 104, has remained in the 100 to 101 

range and looks set to fluctuate in this area for a 

while. However whereas there was a dollar bull 

run in the run up to the U.S election, this could 

unwind and the US Dollar index might slip into 

the mid to upper 90’s in due course. If the Thai 

baht stays stable this could equate to a rate of 

33.5/34 Thai baht per USD. 

The British pound did manage to crawl off the 

lows with a strong Brexit speech actually sparking 

a rally from 42.5 to 44.5 Thai Baht to the 

Pound, or from 1.22 to 1.27 to the US Dollar. 

However the reality of a hard Brexit has set the 

scene for bears to enter the fray bringing the 

pound back into the range of 1.24 to 1.25 to the 

USD, or around 43.5 to the Thai Baht. Outlook 

remains mixed with the pound expected to remain 

under pressure whilst at the same time 

finding support above recent lows. 

The Russian Rouble has remained stabled 

and actually strengthening from recent levels 

of 60 to the US Dollar towards 57.9. Continued 

expectation of warmer ties between the 

US and Russia have helped to support the 

Rouble. Against the Thai Baht the Rouble is 

fetching 0.595 baht and is expected to hover 

around the 0.60 mark going forward as President 

Trump’s relationship with President Putin 

becomes clearer. 

The Euro has recovered from the lows of 

1.038 to the Dollar to move as high as 1.08 

before dropping back into the 1.055 to 1.065 

range. Talk of the Euro being “wrongly valued” 

by Germany’s Merkel, and also mention of it 

being undervalued by the Trump administration 

may halt the currencies downward slide, 

even if albeit temporarily. There are still plenty 

of traders expecting parity sooner or later, but 

it could well be that the 1.038 mark marks a 

bottom for now. Against the Thai baht the Euro 

is fetching 37.1 baht down from 37.6 



COMBINED RAIL AND BUS 

‘SPIDER CARD’ COMING IN JUNE 

A new combination transport card 

that can be used on the capital’s 

buses and trains is to start rolling 

out in June 2017. It will be called 

the Spider card and is expected 

to become a solution of choice for 

tourists and commuters alike. 

Currently anyone using multiple 

transport options has to buy tickets 

for each part of their journey 

on each of the respective transport 

routes. The spider card will 

make it more convenient for people 

travelling on several forms of 

transport. 

The Spider card is expected to be 

similar to the Oyster card that is 

currently operating in London in 

the UK, and which is accepted 

on train, tube and bus services 

throughout the capital. It has become 

so popular that there is 

even the possibility that the single 

journey tickets may eventually 

get phased out. Indeed on some 

buses in London, cash is no longer 

accepted and Oyster cards 

are becoming the most preferred 

option. 

In Bangkok the Spider card will be 

available on 100 buses initially in 

Bangkok out of the fleet of 2600 

vehicles. The BTS sky train will 

also start accepting the card in 

June. 

The deputy permanent secretary 

for transport, Mr. Peraphon Thawornsupacharoen 

was quoted as 

saying, “Initially the BMTA is likely 

to adopt the ticketing system first, 

followed by the BTS. The Airport 

Rail Link will be next followed by 

the Purple Line and the Blue Line 

subway services. They all have 

their own ticketing systems with 

varying degrees of complexity. 

Non-transport operators such as 

convenience stores are also expected 

to join in so that the Spider 

card can also be used to make 

purchases.” 

Currently some stores such 7-11 

have a simple debit card offering 

that can be loaded with a certain 

amount of credit and then used to 

make purchases in store instead 

of using cash. The cards can be 

topped up by any amount at any 

time the owner wishes to do so. 

The Spider card is likely to be 

used side by side these existing 

offerings, but may replace them 

over the course of time if it proves 

to be successful and is used as 

a preferred payment method by 

customers. 

As for the hardware to be put in 

place, the system will use state 

of the art electronic readers and 

this is to be put in place on all the 

buses and train services under a 

five-year contract worth some 1.8 

Billion baht. Bidding for the installation 

is due to commence soon, 

and will be overseen by the BMTA 

who operates all of the city buses. 

Although there are unlikely to be 

any savings for card holders in 

terms of cut price fares, the Spider 

Card will make it much more 

convenient to travel in the capital. 


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SUDOKU 

These Sudoku puzzles are pitched at a middle level: not too easy, 

and not too frustratingly hard, for the average person. 

We will publish the solutions in next month’s issue. 

Last months sudoku answers 

CROSSWORD 

ACROSS 

DOWN 

1. A drink before a meal (8) 

6. Work out a way to solve a problem (7) 

2. A type of wine (5) 

3. First name of actor 

Moore (5) 

8. Not now…(5) 

4. Actor, usually in the 

9. Star on officer’s shoulder showing rank (3) 

theatre (8) 

10. not hard at all (4) 

5. Wealthy (8) 

11. at the tail of the field (4) 

13. plant with bright cup-shaped flowers (6) 

7. little devil (3) 

12. Observation Post (init) (2) 

1 2 

3 

4 

TRIVIA Quiz 

1. Who was the lead singer of the American band 

Creedence Clearwater Revival? 

2. Who was king of England from 1199 to 1216? 

3. What was the first name of the author G.K. Chesterton? 

4. Who was the first man to walk in space? 

5. In what country would you find the Darling River? 

6. What is the capital of the Solomon islands? 

5 

6 

7 

7. The song ‘Downeaster Alexa’ was a hit for which 

US singer? 

8. How many of the so-called Punic Wars were fought 

between Rome and Carthage? 

8 

9 

9. In which movie did Gregory Peck star as 

Dr Josef Mengele? 

10. In what British TV series did Rowan Atkinson star 

as a senior British policeman? 

10 

11 

12 

Answers 

1. John Fogarty 2. King John 3. Gerald 4. Alexei Leoniv 5. Australia 6. Honiara 7. Billy Joel 

8. Three 9. Boys from Brazil 10. Thin Blue Line 

13 

CROSSWORD ANSWERS 

ACROSS 1. Aperitif 6. Finagle 8. later 9. Pip 10. easy 11. last 13. tulips 

DOWN 2. Pinot 3. Roger 4. Thespian 5. Affluent 7. Imp 12. OP 

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*The Bangkok Business Supplement is published by High Tower Co., Ltd.


Family Mart. The 7-11 mentioned above on 

Soi 16 joined another 7-11 that’s about 200 

meters away down that same soi and there’s 

also a new Family Mart opening on Sukhumvit 

Road right at the Nana BTS station and next 

to the Q House condo being constructed. It 

seems like there’s at least one 7-11 or Family 

Mart on every soi and two or more on a lot of 

them. At least you never have to walk far for 

a hot dog. 

SUKHUMVIT NEWS 

We’ve been chronicling many of the new, large 

development projects that have been ongoing 

here in the Sukhumvit area in recent columns 

but in addition to these projects there are also 

many smaller changes being made constantly 

in the sois of Sukhumvit. 

For example, in Soi 16 there are several new 

faces on the soi and others coming soon too. 

The site of the Balee Lao restaurant which had 

been a mainstay on the soi for years is now 

being torn down to make way for something. 

And up the soi towards Sukhumvit Road a relatively 

new place, 16 Bites And Wine Bar looks 

like it has recently expanded and seems to be 

doing a good business and we heard that the 

owners of Balee Lao may also be the owners 

here. There’s a big brand new 7-11 near the 

top of the soi close to the new hotel that finally 

opened several months ago after several years 

of construction also. And the Korean restaurant 

that stood next to Family Mart is now gone too 

with a For Rent sign out front. 

And speaking of new projects, Soi 11’s latest 

big development will start to take shape this 

month as the tenants in the space that was sold 

last year will be moving out this month to make 

way for the wrecking ball. We’re still not sure 

what will be going into this one-rai space but our 

money is on a condo rather than a hotel. 

Sometimes it seems like convenience stores 

are taking over this area especially 7-11 and 

It seems like the development that was 

scheduled to take place on the corner of Soi 

12 will be finally moving ahead at some point 

in the not too distant future. The property had 

been cleared of all the businesses except the 

Insanity nightclub and V-8 Diner about 18 

months or so ago. An office tower was supposed 

to go in there with American Express 

taking most of the space. 

However, construction was held up since the 

owner of the above mentioned businesses 

supposedly decided they weren’t leaving and 

pressure was applied to the property owners 

to allow this to occur. Details are sketchy but 

now the property has been sold to one of, if 

not the largest, property development companies 

in Bangkok and after a grace period the 

development will move forward. 

And just down the street Chuwit Park still sits 

empty, closed to the public for nine months 

now, and rumored to be for sale. Everybody 

knows it’s going to happen. The only question 

is when. 

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Bangkok Business Supplement - March 2017

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