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August 2018<br />

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BUSINESS<br />

TOSCANA REVAMPS PART OF ITS MENU<br />

Cover Story Overleaf<br />

INSIDE THIS ISSUE:<br />

5G Is Coming, But What Is It?<br />

Thailand’s Vat Rate to Remain at 7 Percent For Another Year<br />

Passport Validity Requirements For British Citizens Entering Thailand<br />

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BUSINESS SUPPLEMENT<br />

Cover Story<br />

TOSCANA<br />

REVAMPS PART OF ITS MENU<br />

With competition for the dining baht always<br />

fierce in Pattaya, the management of those<br />

restaurants who seek to stay ahead of their rivals<br />

are usually thinking long and hard about how<br />

they improve on what they do and how they do it.<br />

While both the closely-linked Moom Talay Thai<br />

and Toscana Italian restaurants have long ranked<br />

among the best that Pattaya has to offer, there is<br />

a continual effort to tweak the menus in an effort<br />

to keep their high ranking and offer an even better<br />

service to their customers.<br />

To this end the Toscana Italian restaurant has<br />

recently introduced a new section to its extensive<br />

menu , with the focus centering around what<br />

might be considered a common enough menu<br />

item, but in the hands of Toscana is definitely<br />

offering a unique experience for the discerning<br />

diner.<br />

Mention ‘hamburgers’ and most people would<br />

hardly get excited, given that almost every dining<br />

house is able to offer such a staple. Yet the Toscana<br />

addition of this popular staple should lead to<br />

a rethinking about what constitutes a ‘hamburger’.<br />

Put together as a panini or focaccia, the<br />

Toscana version of the humble hamburger is immediately<br />

in a category all its own. The bread is<br />

made fresh daily on the premises: you can almost<br />

smell it, which of course means your<br />

olfactory senses are being supercharged to tell<br />

your brain you really need to try this dish.<br />

All the toppings are produced inside Toscana<br />

as well and all of it comes direct from the organic<br />

animal farm run by the restaurant in the Huay Yai<br />

district.<br />

The choices of meat in the hamburger run<br />

from chicken to pork to veal to lamb and goat. All<br />

of the meat choices come from the animal farm<br />

while all the vegetable toppings come from a second<br />

organic farm run by Toscana that is devoted<br />

solely to producing vegetables.<br />

The cheese which accompanies the hamburgers<br />

can either be simple cow or goat cheese,<br />

or a mixture of the two. As with the mozzarella<br />

cheese, all of the ingredients come via the organic<br />

farm and it is all prepared in-house.<br />

All of the sauces which someone might like<br />

to put on a hamburger, or any other dish for that<br />

matter, whether it mayonnaise, Caesar salad<br />

sauce, green sauce, tuna sauce, and the like is<br />

made in-house from only organic ingredients.<br />

Hamburgers are more of a lunchtime come<br />

afternoon style of dish and the management of<br />

Toscana are keen to encourage a stronger afternoon<br />

clientele by offering their unique hamburger<br />

range. It’s the type of dish which is eminently<br />

suited to being consumed in the open air while<br />

sitting at one of the outdoor tables in front of the<br />

restaurant and looking out across Pattaya Bay or<br />

watching the steady stream of locals and tourists<br />

as they stroll along the beachfront. A unique<br />

hamburger, maybe washed down with a cold<br />

beer: a perfect start to an afternoon in Pattaya.<br />

Trattoria Pizzeria TOSCANA Restaurant<br />

and the Moom Talay Thai Restaurant<br />

are located on Beach Road, Pattaya<br />

(between Soi 6 and Soi 7)<br />

Telephone: 038 362 370<br />

Fax: 038 362 371;<br />

Email: tirreno@ptty2.loxinfo.co.th<br />

For reservations: 081 861 3446<br />

Trattoria Pizzeria Toscana<br />

Moom Talay Thai Restaurant<br />

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THAILAND’S<br />

VAT RATE<br />

TO REMAIN AT<br />

7 PERCENT FOR<br />

ANOTHER YEAR<br />

BUSINESS SUPPLEMENT<br />

The cabinet has given the go-ahead for the<br />

value added tax (VAT) rate in Thailand to continue<br />

to be set at 7 per cent for another year,<br />

until the end of September 2019.<br />

It has been at 7 per cent since 1997 and<br />

has been extended at that rate for many years.<br />

Before that, since its introduction in 1992, it<br />

was set at 10 percent. It was cut in 1997 in response<br />

to private sector requests and served<br />

to cushion the blow of the Asian economic crisis<br />

which started in 1997 and which hit the Thai<br />

economy hard in the years following.<br />

The argument for continuing to keep the<br />

rate at 7 per cent now was based on the possibility<br />

of a VAT rate hike impeding the fragile<br />

economic recovery as well as hurting the farm<br />

sector.<br />

Nathporn Chatusripitak, an adviser to the<br />

PM’s Office Minister was quoted as saying,<br />

“The Thai economy is now in an uptrend, while<br />

farm prices are increasing,” adding, “Any VAT<br />

hikes may possibly derail such trends.”<br />

In Asia, Thailand’s VAT rate is quite in keeping<br />

with the general range of VAT rates across<br />

the region. For example Indonesia and the<br />

Philippines both have a 10 per cent VAT rate,<br />

whilst Singapore has a 7 per cent rate, the<br />

same as Thailand.<br />

Japan is slightly higher at 8 per cent, whilst<br />

Taiwan is lower at 5 per cent. Hong Kong and<br />

Macau stand out as having 0% VAT rates.<br />

Many of the Middle Eastern countries including<br />

Saudi Arabia, Oman and the UAE also<br />

have 0% VAT rates, or more simply, no VAT at<br />

all to pay.<br />

Thailand has competitive rates with the<br />

USA also. In the USA, VAT rates, or “sales<br />

tax” rates as they are otherwise known, vary<br />

by state, but are typically between 4.5 per cent<br />

and 7 per cent.<br />

Go west to Europe however, and VAT rates<br />

are almost bearing towards the point where<br />

they are simply taking advantage of citizens.<br />

The UK’s VAT rate has hardly ever gone<br />

down and was already set high when it was<br />

introduced fully in 1979 at 15 per cent. It was<br />

increased in 1991 to 17.5 per cent and then to<br />

20 per cent where it stands currently. The most<br />

likely next move is probably another increase<br />

again!<br />

Europe’s VAT rates are even higher.<br />

Straight away, EU law forces all countries to<br />

ensure VAT is in force at a rate of at least 15<br />

per cent, but most EU countries have much<br />

higher rates. Ireland has a 21 per cent VAT<br />

rate. Several other EU countries have rates of<br />

23 to 25 per cent. Hungary has the highest rate<br />

in the world at 27 per cent.<br />

These sky-high taxes make Thailand’s VAT<br />

rate look positively low in comparison.<br />

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BUSINESS SUPPLEMENT<br />

COMMERCE MINISTRY<br />

PREPARES TO OPEN UP<br />

FOR MORE FOREIGN<br />

COMPETITION<br />

While Thailand obviously welcomes<br />

foreign investment, there<br />

have long been tight restrictions<br />

surrounding a number of business<br />

types which various government’s<br />

have felt needed protection from<br />

potential foreign business competition.<br />

This was largely due to a<br />

belief that the Thai-run businesses<br />

in certain sectors were not sufficiently<br />

robust enough to withstand<br />

foreign-controlled competition.<br />

The government places business<br />

sectors and types into categories<br />

from what they term List 1<br />

down to List 3, and the Commerce<br />

Ministry recently announced plans<br />

to possibly remove five business<br />

categories currently in List 3 from<br />

protection against foreign competition.<br />

the Lawyers Council, as well as<br />

relevant government agencies, in<br />

an effort to assess the long-term<br />

viability of making the changes to<br />

List 3.<br />

According to reports, the majority<br />

of those canvassed were<br />

in favour of making the changes.<br />

This will mean the proposed<br />

changes will be put before the<br />

Cabinet and the Commerce Ministry<br />

expects the final results of their<br />

proposals will be known around<br />

September. If the measures are<br />

passed it will mean foreigners will<br />

be able to invest in these services<br />

without requiring a licence from<br />

the Ministry of Commerce.<br />

List 1 in the FBA are officially<br />

designated as ‘businesses not<br />

permitted for foreigners to operate<br />

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While no firm decision on<br />

these changes had been made at<br />

the time of this publication going to<br />

press, it is expected that the director-general<br />

of the Business Development<br />

Department division of the<br />

Commerce Ministry will announce<br />

that foreign businesses will be<br />

allowed to enter the Thai marketplace<br />

to compete with local firms<br />

in accounting, legal, space rental,<br />

lending, and consulting services.<br />

The plan is to open these five areas<br />

up to encourage further trade<br />

and investment in Thailand.<br />

In order to allow these five sectors<br />

to be opened up, the Foreign<br />

Business Act (FBA) will need to be<br />

officially amended to remove the<br />

five from List 3.<br />

The Commerce Ministry invited<br />

submissions from the Board<br />

of Investment (BoI), the Bank of<br />

Thailand, the Industrial Estate Authority<br />

of Thailand, the Federation<br />

of Accounting Professions and<br />

due to special reasons.’ List 2 activities<br />

are ‘businesses related to<br />

national safety or security, or affecting<br />

arts and culture,<br />

traditional and folk handicraft, or<br />

natural resources and environment.’<br />

Foreign business entities<br />

can only engage in these areas<br />

via approval from the Cabinet.<br />

List 3 states, ‘businesses in<br />

which Thai nationals are not yet<br />

ready to compete with foreigners.’<br />

Foreign companies must apply<br />

for and obtain a foreign business<br />

licence in order to engage in these<br />

sectors.<br />

The FBA limits foreign shareholding<br />

to 49 percent of a business,<br />

and this restriction will remain<br />

in force.<br />

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BUSINESS SUPPLEMENT<br />

5G IS COMING,<br />

BUT WHAT IS IT?<br />

Superfast “fifth generation 5G” mobile<br />

internet could be launched as early<br />

as next year in some countries, promising<br />

download speeds 10 to 20 times<br />

faster that we have now. But what difference<br />

will it really make? Will we need<br />

new phones? And will it solve poor coverage<br />

remote areas?<br />

What is 5G exactly?<br />

It’s the next - fifth- generation of mobile<br />

internet connectivity promising<br />

much faster data download and upload<br />

speeds, wider coverage and more stable<br />

connections. It’s all about making<br />

better use of the radio spectrum and<br />

enabling far more devices to access the<br />

mobile internet at the same time.<br />

What will it enable us to do?<br />

Whatever we do now with our smartphones<br />

will be faster and better/ Consider<br />

smart glasses featuring augmented<br />

reality, mobile virtual reality, much<br />

higher quality video, the internet of<br />

things making cities smarter. But what’s<br />

really exciting is all the new services<br />

that will be built that we can’t yet predict.<br />

Imagine swarms of drones co-operating<br />

to carry out search and rescue<br />

missions, fire assessments and traffic<br />

monitoring, all communicating wirelessly<br />

with each other and ground base stations<br />

over 5G networks. Similarly, many<br />

think 5G will be crucial for autonomous<br />

vehicles to communicate with each other<br />

and read live map and traffic data.<br />

More prosaically, mobile gamers<br />

should notice less delay - or latency -<br />

when pressing a button on a controller<br />

and seeing the effect on screen. Mobile<br />

videos should be near instantaneous<br />

and glitch-free. Video calls should become<br />

clearer and less jerky. Wearable<br />

fitness devices could monitor your<br />

health in real time, alerting doctors as<br />

soon as any emergency arises.<br />

How does it work?<br />

There are a number of new technologies<br />

likely to be applied - but standards<br />

haven’t been hammered out yet for all<br />

5G protocols. Higher-frequency bands<br />

- 3.5GHz (gigaherz) to 26GHz and beyond<br />

- have a lot of capacity but their<br />

lower wavelengths mean their range is<br />

lower - they’re more easily blocked by<br />

physical objects.<br />

Is it very different to 4G?<br />

Yes, it’s a brand new radio technology,<br />

but you might not notice vastly higher<br />

speeds at first because 5G is likely to<br />

be used by network operators initially<br />

as a way to boost capacity on existing<br />

4G (LTE - Long-Term Evolution) networks,<br />

to ensure a more consistent service<br />

for customers. The speed you get<br />

will depend on which spectrum band<br />

the operator runs the 5G technology on<br />

and how much your carrier has invested<br />

in new masts and transmitters.<br />

“Bits n<br />

Bytes”<br />

So how fast could it be?<br />

The fastest current 4G mobile networks<br />

offer about 45Mbps (megabits per second)<br />

on average, although the industry<br />

is still hopeful of achieving 1Gbps<br />

(gigabit per second = 1,000Mbps).<br />

Chipmaker Qualcomm reckons 5G<br />

could achieve browsing and download<br />

speeds about 10 to 20 times faster in<br />

real-world (as opposed to laboratory)<br />

conditions.<br />

This is for 5G networks built alongside<br />

existing 4G LTE networks. Standalone<br />

5G networks, on the other hand,<br />

operating within very high frequencies<br />

(30GHz say) could easily achieve gigbabit-plus<br />

browsing speeds as standard.<br />

But these aren’t likely to come in<br />

until a few years later.<br />

Why do we need it?<br />

The world is going mobile and we’re<br />

consuming more data every year, particularly<br />

as the popularity of video and<br />

music streaming increases. Existing<br />

spectrum bands are becoming congested,<br />

leading to breakdowns in service,<br />

particularly when lots of people in the<br />

same area are trying to access online<br />

mobile services at the same time. 5G<br />

is much better at handling thousands of<br />

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When is it coming?<br />

Most countries are unlikely to launch<br />

5G services before 2020, but South<br />

Korea is aiming to get in there first and<br />

launch next year, with its three largest<br />

network operators agreeing to kick off<br />

at the same time. China is also racing<br />

to launch services in 2019.<br />

Will I need a new phone?<br />

The short answer is, yes, afraid so.<br />

Will it work in rural areas?<br />

Lack of signal and low data speeds in<br />

rural areas is a common complaint in<br />

many countries. But 5G won’t necessarily<br />

address this issue as it will operate<br />

on high-frequency bands - to start<br />

with at least - that have a lot of capacity<br />

but cover shorter distances. 5G will primarily<br />

be an urban service for densely<br />

populated areas.<br />

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BUSINESS SUPPLEMENT<br />

When Apple first launched the App Store in mid<br />

July 2008, few of us anticipated how significantly<br />

apps would impact the daily lives of most<br />

people. Initially an expensive luxury item, smartphones<br />

have since become ubiquitous thanks<br />

to a large range of affordable devices catering<br />

for all market segments, driving adoption across<br />

the globe.<br />

Thailand is no exception, with low-cost<br />

models even available in your nearest 7-Eleven<br />

store. In fact Thailand has been a leader in<br />

mobile adoption, recognised as the the no.1 mobile-first<br />

market in the world in Google’s 2015<br />

Consumer Barometer Study.<br />

Over the past decade the App Store has<br />

witnessed 170+ billion downloads, totaling over<br />

$130 billion in global user spend. To celebrate<br />

this 10-year anniversary, leading mobile agency<br />

Appsynth has taken a look at Thailand’s top<br />

apps of all time, and the reasons why these<br />

apps in particular have become staple features<br />

on millions of mobile devices across the Kingdom.<br />

The chart is based on total install volumes<br />

of non-game apps by Thai publishers, compiled<br />

by AppAnnie, the global leader in app analytics<br />

and app market data.<br />

The list represents a diverse split of industry<br />

that provides a lens into modern life: from<br />

the decades-old obsession with TV to the progression<br />

towards a cashless society, through<br />

to retail loyalty and local restaurant discovery,<br />

mobile apps have, and continue to, shape the<br />

way Thais live.<br />

The banking industry occupies five places<br />

on the list, including four of the top six apps.<br />

While one might expect banks to enjoy high<br />

download numbers given their large existing<br />

customer bases, this dominance reflects how<br />

heavily many Thai banks are investing in digital<br />

platforms. Most countries do not see banking<br />

apps dominating install rankings so significantly,<br />

making this a unique characteristic of the Thai<br />

market. As a result, 56% of Thais now report using<br />

mobile banking.<br />

In many global markets, incumbent banks<br />

are losing market share to digital-first challenger<br />

banks and fintech startups seeking to disrupt<br />

banking and financial service industries. For example<br />

alternative mobile payment options such<br />

as preloading money to a digital wallet make it<br />

possible for consumers to cut out the banking<br />

system entirely. Thai banks have done well to<br />

reinforce their positions, providing platforms for<br />

collaboration rather than competition with promising<br />

fintech startups in the form of accelerator<br />

programs, while heavily investing in their own<br />

mobile channels.<br />

As a result of this continued investment,<br />

Kasikornbank and SCB occupy the top 2 spots<br />

on the list.<br />

“Building something that’s specifically designed<br />

for a mobile lifestyle is what really sets<br />

K PLUS apart in this industry. K PLUS’ strategy<br />

is aimed at creating new user experiences<br />

with personalization features where all financial<br />

needs of customers can be fulfilled on a single<br />

device, delivering both functional and emotional<br />

benefits. Making K PLUS relevant to consumers’<br />

daily digital lifestyles is KBank’s commitment,<br />

with more to come in the next year” said Mr<br />

Patchara Samalapa, President of KASIKORN-<br />

BANK.<br />

SCB also sees personalisation as a key element<br />

to achieving high customer satisfaction,<br />

with mobile playing a central role in delivering an<br />

effective omni-channel experience:<br />

“SCB EASY reshapes the landscape of<br />

SCB’s retail banking - breaking down channel<br />

silos and connecting the physical to digital<br />

10 YEARS<br />

OF THE APP<br />

STORE:<br />

THAILAND’S<br />

TOP APPS OF<br />

ALL TIME<br />

experience. SCB EASY’s success is a testament<br />

to the bank’s effort to make the customer<br />

journey personalized and seamless, because<br />

we realize that customers do not think in terms<br />

of channels – rather, we let them consume services<br />

where, when and how they want them”<br />

said Mr Tana Pothikamjorn, first senior vice<br />

president, digital banking division at SCB.<br />

“Alternative banking” is also hot on the heels<br />

of traditional banks. TrueMoney Wallet (in 5th<br />

place) enables its users to make in-store purchases,<br />

scan and pay bills and top up phone<br />

credit, amongst other things. What’s more, you<br />

don’t need a bank account to use the app. True-<br />

Money Wallet can be auto-topped up when connected<br />

to a bank account, or can be manually<br />

topped up with cash – enabling digital money<br />

transactions for the unbanked population.<br />

In 3rd place sits the only app on the list created<br />

by an independent developer, Nattapong<br />

Tonprasert. TV Thailand has unsurprisingly<br />

been a massive hit with users across the nation.<br />

The app provides access to Thai drama series,<br />

cartoons and music videos, enabling Thais to<br />

have their favorite TV shows at their fingertips,<br />

anytime, anywhere.<br />

51% of Thais report watching video on their<br />

smartphone daily and 81% at least once per<br />

week, so it’s no surprise that streaming video<br />

is well represented on the list, with 4 different<br />

apps featured. The ThaiTV3 app, now branded<br />

as Mello, is the only one of these directly published<br />

by a broadcaster. This is sure proof that<br />

you don’t need to be a big brand, or have a massive<br />

budget, to create an app that people love.<br />

From indie developers to tech start-ups,<br />

Wongnai is one of only two mobile-first startups<br />

on the list. Founded in 2010, Wongnai has become<br />

the definitive directory of restaurants in<br />

Thailand, successfully leveraging mobile technology<br />

to deliver a user experience which greatly<br />

exceeded earlier online directories. Of the<br />

secret to their success, CEO Yod Chinsupakul<br />

says:<br />

“The single most important feature of the<br />

app is the ability to immediately locate the ‘Top<br />

Nearby Restaurants’. Our users love this feature,<br />

and applications made this possible.”<br />

The other mobile-first startup in the top 20<br />

is Kaidee. Kaidee is Thailand’s biggest second-hand<br />

online marketplace. Over 50% of<br />

Kaidee’s 30 million monthly visits are through<br />

the app, which ranks 8th on our list. With over 12<br />

million installs reported, Kaidee’s app has been<br />

key to the company’s rapid growth, as Head<br />

Coach Tiwa York points out:<br />

“Since 2013 Kaidee has been developing<br />

with an app-first mentality. It was an investment<br />

for us to learn and understand our customers<br />

needs and be relevant to the audience that was<br />

using the Internet for the first time through their<br />

smartphones. This has resulted in app users being<br />

our most engaged and active customers on<br />

the platform. The success of Kaidee’s app has<br />

been driven by focusing on delivering a great<br />

customer experience for the Thai audience to<br />

buy and sell quickly and easily”.<br />

From online marketplaces to air travel, Nok<br />

Air is the only airline to make the list. The domestic<br />

low-cost carriers cheap pricing and marketing<br />

initiatives targeting varying consumer<br />

segments have made it a preferred choice on<br />

many routes. Their mobile channel is proving<br />

more popular than those of other domestic airlines<br />

and the ease of using the service on the go<br />

has undoubtedly attributed to its success.<br />

Last but not least, this list wouldn’t be complete<br />

without 7-Eleven, the only retailer to make<br />

the list. The market-leading convenience store<br />

has massively ramped up its digital presence in<br />

recent years, including using mobile to digitize<br />

it’s hugely popular stamp loyalty scheme. The<br />

7-Eleven TH app gives users access to special<br />

deals and discounts and the ability to engage<br />

with 7Rewards loyalty campaigns, enabling the<br />

app’s millions of users to earn exclusive merchandise<br />

and rewards. The app’s popularity has<br />

steadily increased in recent years, now ranking<br />

amongst Thailand’s top 5 most popular apps<br />

based on 2018 install numbers.<br />

Commenting on its study, mobile agency<br />

Appsynth’s Managing Director Robert Gallagher<br />

noted: “With 71% of Thais now using a smartphone,<br />

apps have changed the way Thai people<br />

shop, interact with businesses and engage<br />

with their surroundings. Leading businesses are<br />

treating mobile as a key strategic initiative, as a<br />

best-in-class app can now be a source of competitive<br />

advantage when done right”.<br />

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BUSINESS SUPPLEMENT<br />

THAILAND BUSINESS NEWS<br />

THANACHART BANK ANNOUNCES<br />

INCREASED PROFITS.<br />

Thanachart Bank announced a 1.1 per cent quarter-on-quarter<br />

profit increase to 3.82 billion baht.<br />

It is the 14th consecutive quarter of profit growth<br />

for the bank.<br />

There were fears that due to the removal of<br />

digital transaction fees in April 2018, the company<br />

would underperform, but net interest income increases<br />

more than made up for any shortfall.<br />

Indeed quarterly net interest income rose to<br />

7.69 billion baht, a 5.49 per cent increase from the<br />

year before.<br />

For the first half year, Thanachart Bank earned<br />

a net profit of 7.6 billion baht, a significant increase<br />

form the 6.6 billion baht for the same period in the<br />

previous year.<br />

CAR SALES EXPECTED TO BE<br />

STRONG ACCORDING TO THE FTI<br />

According to the Federation of Thai Industries<br />

(FTI) the car industry is expected to have a good<br />

period ahead, although the motorcycle market<br />

may lag somewhat.<br />

Spokesman for the FTI’s automotive industry<br />

club, Surapong Paisitpatanapong, was quoted as<br />

saying, “In the domestic market, we think launching<br />

new models can stimulate the market because<br />

retail prices below 800,000 baht per car are very<br />

attractive for motorists to buy new cars. But is still<br />

hard to forecast whether the market this half will<br />

remain bullish,” adding, “The export outlook has<br />

performed better than expected as the country’s<br />

main destination, the Middle East, has resumed<br />

economic growth on rising oil prices.”<br />

Initial expectation is for yearly output to top 2.1<br />

million vehicles, an increase of 100,000 units from<br />

the previous figure of 2 million. For the first half<br />

of the year output stood at 1.057 million units, an<br />

eleven per cent increase on the year before.<br />

In contrast the local motorcycle market contracted<br />

slightly, although full year projections are<br />

expected to show a flat year overall. According<br />

to a registrations report from the Land Transport<br />

Department, registrations for new motorcycles in<br />

the first half stood at 934,747 a reduction of 1.6<br />

per cent.<br />

Mr. Surapong was also quoted as saying, “Motorcycle<br />

buyers are completely different from car<br />

buyers, and many working-class people cannot<br />

afford to buy cheap eco-cars, explaining why the<br />

car market [which attracts another income segment]<br />

has grown while the motorcycle market has<br />

dropped,”<br />

OPPO TARGETS HIGH-END<br />

SMARTPHONE MARKET.<br />

Even though the Thai smartphone market is saturated,<br />

and has been for some time, Oppo is aiming<br />

high with its sights set on the high-end market.<br />

Executive vice-president of Thai Oppo Co.,<br />

Chanon Jirayukul, was quoted as saying, “The<br />

Thai smartphone market in 2018 will continue to<br />

contract by up to 5% in terms of units,” adding,<br />

“However, it will grow in value by a single-digit rate<br />

as users migrate to higher-priced devices.”<br />

For the first quarter of 2018, Oppo ranked second<br />

in the local market. The company will launch<br />

new high-end flagship models with AI enabled<br />

25mp camera technology and a fast charge feature,<br />

which will enable phones to be fully charged<br />

in just half an hour.<br />

Mr. Chanon was also quoted as saying, “We<br />

see opportunity in the high-end smartphone market<br />

that is currently dominated by a few players,”<br />

adding, “Oppo has strong brand recognition after<br />

operating for 10 years in the Thai market.”<br />

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BUSINESS SUPPLEMENT<br />

High Tower Co., Ltd. Tel: 038 411 009<br />

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


BUSINESS SUPPLEMENT<br />

PASSPORT VALIDITY<br />

REQUIREMENTS FOR<br />

BRITISH CITIZENS<br />

ENTERING THAILAND<br />

When you are travelling to another<br />

country most people think that<br />

as long as their passport is valid<br />

for the duration of the trip then this<br />

should be sufficient. But with many<br />

countries this is not the case.<br />

Thailand for one, requires that<br />

you have at least six months remaining<br />

on your current passport<br />

when you enter the country.<br />

This won’t be mentioned when<br />

you buy your ticket but you may not<br />

be allowed to board the plane in<br />

your home country and most likely<br />

won’t be allowed to enter Thailand<br />

if you have less than 6 months remaining<br />

on your current passport.<br />

If you find this out after you have<br />

bought your ticket but before you<br />

are due to travel then consider yourself<br />

fortunate to have bought some<br />

time.<br />

If you are already in Thailand<br />

and are planning to travel out and<br />

return then you will need to postpone<br />

your trip until after you have<br />

renewed your passport. Renewing a<br />

British passport in Thailand currently<br />

takes around 3 weeks and can<br />

be done from anywhere in Thailand<br />

without travelling to Bangkok. Simply<br />

contact Darren by email - info@<br />

keyvisathailand.com for information<br />

on how to do this.<br />

If you are in another country and<br />

looking to come back to Thailand<br />

then your options are slightly different.<br />

If you are not in the UK then you<br />

will either need to renew your British<br />

passport in the country you are<br />

already in or return to the UK and<br />

renew it there.<br />

If you are renewing your<br />

passport in the UK, there are two<br />

different fast track options. You can<br />

use the 1 week fast track service by<br />

calling and booking an appointment<br />

at a passport office then taking your<br />

completed renewal form and documentation<br />

along to an appointment.<br />

This option is available for both<br />

adult and child renewals.<br />

Or you can use the premium 1<br />

day renewal service which can be<br />

booked and paid for online. The<br />

earliest you can get an appointment<br />

is 2 days after you book online and<br />

you will get your passport at your<br />

appointment.<br />

You can only use the premium 1<br />

day renewal service to renew an<br />

adult passport which has expired<br />

or is about to expire. This service<br />

is not available for child passport<br />

renewals or non urgent passport<br />

renewals.<br />

You will also pay a premium<br />

price of £177 to renew your passport<br />

using this service.<br />

Always keep a note of when<br />

your passport is expiring and for<br />

other family members too. It is easy<br />

to forget that a child’s passport is<br />

only valid for 5 years, where an<br />

adult passport is valid for 10 years.<br />

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BUSINESS SUPPLEMENT<br />

THAI GARDEN<br />

RESORT<br />

CELEBRATES 30 YEARS OF<br />

EXCELLENCE<br />

The Thai Garden Resort, which<br />

opened in 1988, is one of Pattaya’s<br />

longest-established and most successful<br />

businesses, and this year<br />

celebrates its 30th anniversary.<br />

The hotel-restaurant business<br />

is a tough marketplace at the best<br />

of times, but this resort-style hotel,<br />

centrally located along North Pattaya<br />

Road and therefore close to<br />

everything Pattaya has to offer, just<br />

keeps doing things right year after<br />

year.<br />

The spacious, open-air Lobby<br />

is the perfect traditional Thai<br />

welcome for guests, with beautiful<br />

orchid arrangements and original<br />

applique murals created by artisans<br />

from Chiang Mai. The hotel is<br />

spacious at 25,000 square metres,<br />

with beautifully kept tropical gardens<br />

a main addition to the relaxing<br />

atmosphere. The hotel comprises<br />

228 rooms, with no buildings higher<br />

than two storeys, which is perfectly<br />

in line with the intimate comfort of<br />

the hotel.<br />

The Thai Garden prides itself<br />

on the fact their guests really do<br />

appreciate ‘the personal touch’ for<br />

which the hotel is known. Many of<br />

the 160 staff have been with the hotel<br />

for a long time.<br />

Over the last couple of years<br />

the hotel has been completely renovated<br />

with an added emphasis on<br />

environmental concerns, including<br />

a significant long-term investment<br />

in solar panels which provides the<br />

hot water to the rooms. The hotel<br />

continues this policy throughout,<br />

for example, by cutting out unnecessary<br />

packaging.<br />

One of the outstanding features<br />

of the resort is the beautiful pool<br />

area. The pool is 63 metres long<br />

and encompasses jacuzzi areas,<br />

foot massage, various other stimulating<br />

water features and a separate<br />

children’s pool. The pools use<br />

a salt water chlorination system.<br />

There are ample sunbeds, each<br />

with a service button connected to<br />

the poolside bar.<br />

High Tower Co., Ltd. Tel: 038 411 009<br />

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


BUSINESS SUPPLEMENT<br />

Little John’s<br />

395ß<br />

The hotel has received many<br />

awards to date, including the Travelife<br />

Gold Award as well as with the<br />

TUI Umwelt Award plus the Green<br />

Leaf certificate for their efforts in<br />

regards to sustainability, environment,<br />

safety and health matters.<br />

There is a nightly all you can eat<br />

buffet at the Thai Garden Terrace<br />

Restaurant with different cuisine,<br />

from international, BBQ, Steaks<br />

& Skewers and Roasting Pig with<br />

all the trimmings for only 399 baht<br />

Nett, no ++! – representing great<br />

value for money. And for families<br />

children under 12 years eat for 199<br />

baht nett, with infants under 4 free!<br />

The buffet runs from 6.00 p.m. to<br />

9.00 pm every evening.<br />

Importantly, the ingredients<br />

used for each nightly buffet is of<br />

the best quality. While the price remains<br />

sensational value, the management<br />

have not scrimped on the<br />

freshness and quality of the foods<br />

they offer for the buffet.<br />

There is also a three-piece<br />

strolling band from the Philippines<br />

to play your requests at your table.<br />

Before the end of the year the<br />

Thai Garden Resort will have a new<br />

neighbour close by, in the form of<br />

the Terminal 21 Shopping Mall,<br />

which will also be a great new addition<br />

to the Pattaya landscape.<br />

The Thai Garden Resort is located<br />

on the North Pattaya Road,<br />

and for more information please<br />

call 038 370 614; email: guestservice@thaigarden.com<br />

or visit their<br />

website at www.thaigarden.com<br />

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Children under 8 eat for FREE - with each paying adult<br />

- Function room and sports<br />

room available for your<br />

special event or day<br />

- Great selection of<br />

imported draught and<br />

bottled beers<br />

- Selection of Daily<br />

UK Newspapers to read<br />

Email: ben.hightowerltd@gmail.com<br />

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT<br />

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According to the Tourist Authority<br />

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40 million tourists are expect<br />

to visit Thailand during the next<br />

year, up from 37.5 million in 2018.<br />

Along with the increase in traveler<br />

numbers, the total tourism<br />

revenue is expected to increase<br />

some 10 per cent to 3.4 trillion<br />

baht. Encouraging is the fact that<br />

domestic tourism will likely generate<br />

1.12 trillion baht from 169 million<br />

trips, with the other 2.28 trillion<br />

baht coming from foreign tourists.<br />

Tourism revenue is expected to<br />

help the economy and improve<br />

living standards of poorer communities.<br />

The Tourism Authority of Thailand<br />

governor Yuthasak Supasorn<br />

was quoted as saying, “Tourism<br />

contributes 18-19% to GDP. The<br />

industry will continue to grow and<br />

that is very challenging for TAT.”<br />

Overall, there was a growing<br />

diversity making up foreign tourists<br />

currently.<br />

610,000 visitors came from<br />

the Middle East last year. Whilst<br />

this was only 2 per cent of international<br />

arrivals, this group spent<br />

an average of 7,200 baht per day<br />

whilst in the Kingdom, more than<br />

the average daily spend overall<br />

which stood at 5,200 baht per day.<br />

Mr. Pichaya Saisaengchan,<br />

director for the Dubai and Middle<br />

East office was quoted as saying,<br />

“The high season for the Middle<br />

East falls between July and August,<br />

which is good [as it’s] Thailand’s<br />

low season. TAT expects<br />

tourist numbers from this region to<br />

increase by 3% next year.”<br />

As expected, China remains a<br />

big market for the TAT. Anchalee<br />

Kumwong, the TAT Beijing office<br />

director was quoted as saying,<br />

“China will remain the top market<br />

for Thailand. Only 10% of China’s<br />

population, 140 million people,<br />

have a passport. That number will<br />

increase, boosting overseas travel.”<br />

Interestingly, the US and Canada<br />

markets are also expected to<br />

grow from the already robust 1.5<br />

million American and Canadian<br />

tourists last year. Executive director<br />

for the Americas Region, Jittima<br />

Sukpalin said that there are<br />

now three offices in the US and<br />

Canada located in New York, Los<br />

Angeles and Toronto. She was<br />

quoted as saying, “We will promote<br />

secondary provinces such<br />

as Chumphon, Ranong and Trat<br />

provinces in this market”. The aim<br />

is to appeal to millennial tourists<br />

who are keen to enjoy the outdoor<br />

attractions that Thailand has to offer.<br />

However, following the news<br />

that the famous coastal area used<br />

in the movie “The Beach” is to shut<br />

down for some months so that it<br />

can recuperate from an over-run<br />

of tourists, the government is keen<br />

to ensure that there is sustainable<br />

tourism in all resorts. There will be<br />

random checks on resorts in such<br />

places as Koh Phi Phi to ensure<br />

that standards are kept high and<br />

that licenses and employment<br />

contracts are in check.<br />

The tourism and sports minister<br />

Weerasak Kowsurat said that<br />

the aim was to improve tourism<br />

quality and maintain standards.<br />

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of each want to try for each exercise,<br />

can actually help reduce feelings reasons to slow down and take it<br />

of PowerBlock, sadness, depression, and this or anxiety. allows easy and as all you from age, the they’re privacy even of your better<br />

own reasons apartment to get or moving. house. Becom-<br />

The<br />

Being the active user to and quickly feeling strong and easily naturally<br />

change helps the you selected feel more weight self-confident.<br />

in<br />

ing<br />

only<br />

more<br />

limiting<br />

active<br />

factor<br />

can energize<br />

is you: how<br />

your<br />

mood, relieve stress, help you manage<br />

symptoms of illness and pain,<br />

steps of either five or 10 pounds dedicated and motivated you<br />

Does amazing things for the<br />

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brain. Activities like Sudoku or<br />

and improve your overall sense of<br />

crossword which model puzzles of can PowerBlock help keep is well-being. your fitness And goals. reaping the rewards<br />

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dementia. ..................................................<br />

Getting active may even<br />

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The Fitness Column is brought to you by:<br />

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Email: ben.hightowerltd@gmail.com<br />

www.Thailand-Business-Supplement.com


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SECURITY FUND<br />

Thailand’s Social Security System<br />

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of Thailand within 30 days from the<br />

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contributions can be made by paying<br />

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A cash sickness benefit may<br />

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The employee can make a claim if<br />

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reimbursement according to Medical<br />

committee and a cash benefit<br />

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for the whole life.<br />

Death<br />

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multiplied by 4 according to<br />

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to 40,000 Baht.<br />

Child Allowance<br />

A family can claim an allowance for<br />

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age of up to 15 years old, amounting<br />

to 400 Baht for each child per<br />

month if they are registered in the<br />

social security system. The family<br />

must have made a minimum of 12<br />

months contributions within the last<br />

36 months.<br />

Old Age Pension<br />

A person must be retired with the<br />

age of at least 55 years old with<br />

more than 180 months contributions.<br />

The claimant shall be entitled<br />

to a cash benefit or pension equivalent<br />

to 20% of his average wage<br />

for the last 60 months and 1.5% per<br />

additional 12 months of contributions<br />

above 180 months. For pensioners<br />

who contributed more than<br />

12 months but less than 180 months<br />

shall be entitled to a lump sum equal<br />

to the contribution from the employee<br />

and his employer plus interest.<br />

For those with less than 12 months<br />

contribution, they are entitled to a<br />

lump sum equal to the contribution<br />

from employee.<br />

If the insured employee dies<br />

before obtaining old-age benefits,<br />

and his or her parents, children and<br />

spouse have passed away, the oldage<br />

benefits will go to other surviving<br />

relatives.<br />

Unemployment<br />

The claimant needs to meet certain<br />

criteria and must have made at least<br />

6 months contributions within 15<br />

months before unemployment and<br />

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BUSINESS SUPPLEMENT<br />

FOREIGN CURRENCY UPDATE<br />

The dollar has had rather a flat month with<br />

the DXY Dollar index, (an index that measures<br />

the US Dollar’s value against a number of other<br />

currencies), moving between 95.5 and 94.1 and<br />

settling at 95.37. This consolidation comes after<br />

several months of a strengthening dollar so it<br />

could signal a pause before another leg higher<br />

rather than a reversal. However much depends<br />

on the outlook for U.S. interest rates and with the<br />

benchmark 10 year yield falling back below 2.9%<br />

rates seem to be muted for now. Look out for hints<br />

from the Federal Reserve for the direction of future<br />

rate policy. Against the Thai Baht, the U.S.<br />

Dollar actually advanced fairly significantly from<br />

32.43 to 33.41 indicating weakness in the Thai<br />

baht.<br />

There has been no real respite for those with<br />

a bullish outlook for the British Pound as it stayed<br />

range bound at its recent lows and then resumed<br />

a move even lower again. It just goes to show that<br />

in the currency markets, enough is never enough.<br />

The British Pound moved from 1.3150 against<br />

the U.S. Dollar to 1.3310 before retreating back<br />

to 1.3200 and then down to 1.3024. The move<br />

could be attributed to a possible no-deal Brexit<br />

scenario, as well as senior resignations from the<br />

UK Government surrounding the ongoing Brexit<br />

negotiations. Against the Thai Baht the British<br />

Pound managed to negate its weakness due to<br />

the softer Thai baht, moving from 43.04 to 43.44.<br />

The US Dollar vs. Japanese Yen cross rate was<br />

the big mover rising from 108.80 to 113.05, a<br />

steep climb. Of course the higher the cross rate,<br />

the weaker the Yen so it’s actually a steep descent<br />

for the Japanese currency. This was also against<br />

a flat dollar indicating that the Yen itself was behind<br />

the move. It may also be driving the trend<br />

of other Asian currencies weakening. Against the<br />

Thai Baht, since it weakened also, the net result<br />

was a flat month with the currency moving just<br />

slightly from 0.2934 to 0.2936<br />

Despite one or two dips below 62 to the U.S.<br />

Dollar, the Russian Ruble was largely flat against<br />

its American counterpart. It moved from 63.68 to<br />

63.36 in trade that was choppy but constrained.<br />

The Trump-Putin summit did little to affect the value<br />

of the Russian currency. Against the Thai Baht,<br />

the Ruble was up from 0.5160 to 0.5500 reflecting<br />

Thai baht weakness during the period.<br />

The Euro has suffered a similar fate as the<br />

British Pound of late, consolidating after a significant<br />

sell off during the past few months with little<br />

in the way of a rebound. Attempts to break the<br />

Euro through 1.1750 against the US Dollar failed<br />

and the Euro settled at 1.1616. Whether further<br />

falls are ahead is difficult to tell but the weakness<br />

certainly persists for now judging by the<br />

inability of the Euro to climb meaningfully from<br />

its lows. Against the Thai Baht, the Euro rose<br />

from 37.60 to 38.75 due to Thai baht weakness.<br />

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BUSINESS SUPPLEMENT<br />

WHAT IS HIGH BLOOD PRESSURE?<br />

You probably have high<br />

blood pressure (hypertension)<br />

if your blood pressure readings<br />

are consistently 140 over 90, or<br />

higher, over a number of weeks.<br />

You may also have high<br />

blood pressure if just one of the<br />

numbers is higher than it should<br />

be over a number of weeks.<br />

If you have high blood pressure,<br />

this higher pressure puts<br />

extra strain on your heart and<br />

blood vessels. Over time, this<br />

extra strain increases your risk<br />

of a heart attack or stroke.<br />

High blood pressure can also<br />

cause heart and kidney disease,<br />

and is closely linked to some<br />

forms of dementia.<br />

What are the signs and<br />

symptoms of high blood<br />

pressure?<br />

High blood pressure usually<br />

has no signs or symptoms,<br />

so the only way to know if you<br />

have high blood pressure is to<br />

have yours measured. However,<br />

a single high reading does not<br />

necessarily mean you have high<br />

blood pressure. Many things<br />

can affect your blood pressure<br />

throughout the day, so your doctor<br />

will take a number of blood<br />

pressure readings to see that it<br />

stays high over time. Occasionally<br />

people with very high blood<br />

pressure say they experience<br />

headaches, but it is best to visit<br />

your GP if you are concerned<br />

about symptoms.<br />

What causes high blood<br />

pressure?<br />

For most people, there may be<br />

no single cause for their high<br />

blood pressure. We do not know<br />

exactly what causes high blood<br />

pressure. We do know that your<br />

lifestyle can affect your risk of<br />

developing it. You are at a higher<br />

risk if:<br />

• you eat too much salt<br />

• you don’t eat enough fruit<br />

and vegetables<br />

• you are not active enough<br />

• you are overweight<br />

• you drink too much alcohol<br />

Additional causes of<br />

high blood pressure<br />

There are some factors that<br />

increase your risk of developing<br />

high blood pressure, which you<br />

cannot control. These include:<br />

• Age: as you get older, the<br />

effects of an unhealthy lifestyle<br />

can build up and your blood<br />

pressure can increase.<br />

• Ethnic origin: people from<br />

African-Caribbean and South<br />

Asian communities are at greater<br />

risk than other people of high<br />

blood pressure.<br />

• Family history: you are at<br />

greater risk if other members of<br />

your family have, or have had,<br />

high blood pressure.<br />

Some people may have high<br />

blood pressure that is linked<br />

to another medical condition,<br />

such as kidney problems. For<br />

these people treating the medical<br />

problem may lower their<br />

blood pressure back to normal.<br />

Treatment of high blood<br />

pressure<br />

There is a wide range of<br />

high blood pressure medicines.<br />

You can take more than one<br />

type of medicine because they<br />

each lower your blood pressure<br />

in different ways.<br />

There are four main types<br />

of medicine that doctors use to<br />

treat high blood pressure:<br />

ACE inhibitors: these medicines<br />

help to control hormones<br />

that affect blood pressure.<br />

Most of these medicines have<br />

names that end in “pril”<br />

Angiotensin receptor blockers<br />

(or ARBs): these also control<br />

hormones that affect blood<br />

pressure. Most of these medicines<br />

have names that end in<br />

“artan”<br />

Calcium channel blockers:<br />

these medicines make the artery<br />

walls relax, making them<br />

wider, which lowers blood pressure.<br />

Most of these medicines<br />

have names that in “pine”<br />

Thiazide diuretics: these medicines<br />

remove unwanted fluid<br />

from the body, which helps lower<br />

blood pressure. Most of these<br />

medicines have names that end<br />

in “ide”.<br />

Until recently another type of<br />

drug, called beta-blockers, were<br />

often given to people with high<br />

blood pressure. Beta-blockers<br />

are not usually given as a first<br />

choice because the other types<br />

of blood pressure medicines<br />

appear to be better at reducing<br />

your risk of heart disease and<br />

stroke. However, they may still<br />

be used if you have other health<br />

problems<br />

If you would like any more<br />

information on high blood pressure<br />

or if you would like to make<br />

an appointment to see a cardiologist<br />

regarding high blood pressure<br />

then contact<br />

Phyathai Sriracha Hospital<br />

heart Center on<br />

087 – 1000 – 990<br />

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Phyathai Sriracha Hospital<br />

High Tower Co., Ltd. Tel: 038 411 009<br />

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


BUSINESS SUPPLEMENT<br />

JUST THE STATISTICS<br />

While bar charts, line graphs and<br />

simple numbers are hardly capable<br />

of providing the defining answer<br />

to many economic, social<br />

and political questions, they are<br />

certainly a good way of obtaining<br />

a general overview of any particular<br />

subject.<br />

Each month the Business<br />

Supplement will look into a brace<br />

of statistical information and provide<br />

readers with what we consider<br />

to be the central elements<br />

of these figures.<br />

Speeding through the internet<br />

For those who have been a connected<br />

part of the internet since<br />

its humble beginnings more<br />

than two decades ago, today’s<br />

download speeds are a thing of<br />

wonder, especially when performed<br />

on a mobile device. It’s<br />

almost impossible to recall the<br />

days when it could literally take<br />

minutes for a webpage to load;<br />

now, if it takes more than a few<br />

seconds, users get annoyed and<br />

start thinking about changing<br />

providers.<br />

According to statistics presented<br />

by a company called<br />

Speedtest.net, the fastest mobile<br />

download speed in the world<br />

belongs to Norway, at 62.70<br />

Megabits per second (Mbps). In<br />

second and third places are Qatar<br />

and Iceland respectively.<br />

Notably, when it comes to<br />

the fastest fixed-line broadband<br />

download speed, that title is held<br />

by none other than Singapore,<br />

at an amazing 170.99 Mbps.<br />

The world average is just 45.48<br />

Mbps.<br />

As far as download speeds on<br />

mobiles are concerned, the<br />

world average is 23.57 Mbps.<br />

Thailand, sadly, lags well behind<br />

the average, running at<br />

13.93 Mbps, ranking it at 98th<br />

out of 125 countries surveyed by<br />

Speedtest.net.<br />

Among its Asean contemporaries,<br />

Thailand ranks ninth, with<br />

only Indonesia (10.44 Mbps)<br />

worse. No surprise that Singapore<br />

stands at the top of the<br />

Asean pile at 54.96 Mbps, which<br />

is also the fourth-fastest in the<br />

world and then there is a huge<br />

gap to the Asean second place,<br />

held, perhaps amazingly, by<br />

Myanmar at 23.73 Mbps.<br />

Vietnam (20.32) ranks third,<br />

Malaysia (18.25) fourth, Cambodia<br />

(15.51) fifth, Brunei (15.20)<br />

sixth, while Laos and the Philippines<br />

(14.05) share equal seventh<br />

position.<br />

By way of further comparison,<br />

the United States only ranks 47th<br />

in the world at 27.76 Mbps, eight<br />

places behind its great trade rival<br />

China (30.45).<br />

Tiny yes, but a super killer<br />

There are around 3,000 species<br />

of mosquito scattered across the<br />

globe and, according to a brace<br />

of sources from the World Health<br />

Organisation (WHO) to the Centers<br />

for Disease Control and Prevention,<br />

these tiny creatures are<br />

responsible for up to 830,000<br />

deaths a year.<br />

Only we humans comes<br />

close, killing around 580,000 of<br />

our fellow homo sapiens over the<br />

course of each 12 months.<br />

There are also approximately<br />

3,000 species of snakes, and<br />

these are responsible for the<br />

demise of 60,000 people a year<br />

while dogs, which number some<br />

nine million animals, cause<br />

around 17,400 deaths per annum,<br />

most via rabies infection.<br />

Scorpions kill some 3,500<br />

people each year, crocodiles<br />

about 1,000, elephants just 100<br />

and bees a mere 60.<br />

Email: ben.hightowerltd@gmail.com<br />

www.Thailand-Business-Supplement.com


TOSCANA’S DESSERTS<br />

All Natural, All Fresh<br />

As might be expected, the dessert menu in Toscana is fairly<br />

extensive and runs the gamut of dishes you would expect to<br />

find in any top quality Italian restaurant.<br />

There are nine or ten flavours of ice<br />

cream, all made from both cow and<br />

goat’s milk, alongside sorbets, profiteroles,<br />

tiramisu, mousses, puddings,<br />

sponges, and the like, making up a long<br />

list of dishes.<br />

It will be no surprise that all the desserts<br />

are made in-house from products<br />

sourced primarily from the Toscana-Moom<br />

Talay natural animal farm<br />

which they run out at Huay Yai.<br />

........................................................................<br />

Although the dessert menu runs<br />

deep, desserts are not considered as<br />

a key feature in the Toscana culinary<br />

landscape. As mine host Luca says, “I<br />

don’t mind if people want to just come<br />

to Toscana and have a cake and a coffee<br />

– or indeed a hamburger, Panini or<br />

fosaccia - and maybe watch the sunset,<br />

that’s fine.” Luca hangs his hat on<br />

the breadth and quality of his starters<br />

and main menu dishes, but also understands<br />

that there will be some customers<br />

who just like the idea of having<br />

something light, say between lunch and<br />

dinner, and can relax and enjoy the<br />

passing parade on Beach Road.<br />

The restaurant has its own pasteurizing<br />

machine and there is no premixed<br />

powder or preservatives used in<br />

their desserts. This is in keeping with<br />

the general theme of Toscana and<br />

Moom Talay of producing food across<br />

the menu spectrum which is as natural<br />

and fresh as possible.<br />

Trattoria Pizzeria Toscana<br />

Moom Talay Thai Restaurant


After 29 years of “making ice creams<br />

and desserts I can tell you the most popular<br />

are tiramisu and profiteroles,” say<br />

Luca. He understands that part of the<br />

reason for the popularity of both these<br />

dishes is that they are usually familiar<br />

to diners, while desserts with more exotic-sounding<br />

names such as Panna Cotta,<br />

Cream Catalana, Fragola and Amarena<br />

are not so well known.<br />

The latter pair (Fragola and Amarena)<br />

are part of a selection of desserts<br />

classified as Semifreddi. These dishes<br />

are a meringue-based cold dish which<br />

consist simply of sugar, milk and cream,<br />

with the flavor (chocolate,strawberry,<br />

etc.) blended into the cream. Simple yet<br />

tasty and filling.<br />

.............................................<br />

As an accompaniment<br />

to a dessert dish,<br />

Toscana also has around<br />

35 different varieties of<br />

grappa with an alcohol<br />

content of anywhere from 38 to 43 percent.<br />

They are blended as smooth as<br />

possible so the alcohol doesn’t burn<br />

your throat.<br />

........................................................................<br />

The restaurant serves liqueurs, including<br />

Irish Coffee (made of course<br />

with Jameson Irish Whiskey).<br />

........................................................................<br />

In keeping with the aim of running a<br />

restaurant which is as friendly and relaxed<br />

as possible, Luca says, “some<br />

customers, when they’ve finished their<br />

main meal, might like to go outside and<br />

have a cigarette or a cigar. We have no<br />

problem with that and they are welcome<br />

to have their coffee or dessert served<br />

outside where they can sit down and enjoy<br />

the evening.”<br />

Trattoria Pizzeria<br />

TOSCANA Restaurant<br />

and<br />

the Moom Talay Thai<br />

Restaurant are located<br />

on Beach Road, Pattaya<br />

(between Soi 6 and Soi 7)<br />

Telephone: 038 362 370<br />

Fax: 038 362 371;<br />

Email: tirreno@ptty2.loxinfo.co.th<br />

For reservations: 081 861 3446


BUSINESS SUPPLEMENT<br />

SUDOKU<br />

These Sudoku puzzles are pitched at a middle level: not too easy,<br />

and not too frustratingly hard, for the average person.<br />

We will publish the solutions in next month’s issue.<br />

CROSSWORD<br />

Last months sudoku answers<br />

TRIVIA Quiz<br />

ACROSS<br />

1/ Amphibians (5)<br />

4/The start of a constrictor (3)<br />

6/Essential (9)<br />

7/Reptile (5)<br />

8/ Male alley cat (3)<br />

10/ Evade, avoid (5)<br />

12/Impertinence (9)<br />

DOWN<br />

1/ Eyeteeth (5)<br />

2/ Grove (7)<br />

3/ Hung (9)<br />

4/ Brag (4)<br />

5/Unfathomable (7)<br />

9/Per square inch init. (3)<br />

11/ Takes an age (3)<br />

1. In what century was Marco Polo most active as a traveller?<br />

2. The 1884 conference that established zero degrees latitude<br />

was held in what city?<br />

3. Which Middle Eastern capital city lies on the Barada River?<br />

4. What is the smallest independent country by area in South<br />

America?<br />

5. The east coast of Nicaragua is called the what ‘Coast’?<br />

1 2<br />

3<br />

4<br />

5<br />

6. What is, as of 2013, the largest country by area in Africa?<br />

7. Lebanon gained independence from which country in 1943?<br />

6<br />

8. Lake Sevan is the largest lake in which mountainous region<br />

of Europe?<br />

9. The Commander islands are the westernmost islands of<br />

which Pacific archipelago?<br />

10. In 1911 the capital of India moved to Delhi from which city?<br />

7 8<br />

9<br />

10 11<br />

6. Algeria 7. France (Vichy) 8. Caucasus 9. Aleutian Islands 10. Calcutta<br />

1. Thirteenth century (1200s) 2. Washington DC 3. Damascus 4. Suriname 5. Mosquito<br />

Answers<br />

12<br />

CROSSWORD ANSWERS<br />

ACROSS 1/Frogs 4/Boa 6/Necessary 7/Snake 8/Tom 10/Dodge 12/Impudence<br />

DOWN 1/Fangs 2/Orchard 3/Suspended 4/Boast 5/Abysmal 9/psi 11/Eon<br />

For information on the BUSINESS SUPPLEMENT Contact High Tower Co., Ltd. Tel: 038 411 009 - 0846 77 43 60<br />

*The Pattaya & Bangkok Business Supplements are published by High Tower Co., Ltd.<br />

High Tower Co., Ltd. Tel: 038 411 009<br />

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


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BUSINESS SUPPLEMENT<br />

SOUTHEAST ASIAN BUSINESS ROUNDUP<br />

Singapore<br />

Singapore’s Competition and Consumer<br />

Commission (CCCS) announced in<br />

early July that the Grab-Uber merger had<br />

substantially lessened competition, and proposed<br />

to impose financial penalties on both<br />

the ride-hailing transport firms to restore<br />

market contestability. The merger, which was<br />

announced in late March, saw Uber taking a<br />

27.6 percent stake in Grab. The commission<br />

immediately commenced an investigation into<br />

the deal under the Competition Act. “CCCS<br />

has concluded its investigation after obtaining<br />

evidence from the parties and third parties.<br />

CCCS has provisionally found that the transaction<br />

has removed competition between<br />

Grab and Uber, which were each other’s closest<br />

competitor. The merged entity is likely<br />

to be able to increase prices and has in fact<br />

done so since the completion of the transaction,”<br />

said CCCS.<br />

The CCCS has also proposed to impose financial<br />

penalties upon Grab and Uber, as<br />

“CCCS has found that they have carried the<br />

transaction into effect despite having anticipated<br />

potential competition concerns…”<br />

Vietnam<br />

The Japanese company Taisho Pharmaceutical<br />

Holdings has proposed to purchase<br />

an additional 7.06 percent stake in<br />

Vietnam-listed DHG Pharma JSC, lifting its<br />

ownership to 32 percent. Taisho is currently a<br />

major shareholder of DHG with over 32.6 million<br />

shares, equivalent to 24.94 percent of the<br />

company’s charter capital. Taisho, which has<br />

been present in Vietnam through an energy<br />

drink manufacturing plant, is still cementing<br />

its position as DHG Pharma’s second-largest<br />

investor after the State Capital Investment<br />

Corporation (SCIC) with a 43.3 percent interest.<br />

Other shareholders include Vietnam-focused<br />

asset management firms, VinaCapital<br />

and Dragon Capital, Templeton Frontier Markets<br />

Fund and Templeton Emerging Markets<br />

Small Cap Fund.<br />

Myanmar<br />

Among business leaders in Myanmar,<br />

would-be investment from the U.S. and Europe<br />

is known by the wry acronym NATO: ‘No<br />

Action, Talk Only,’ Sean Turnell, special economic<br />

consultant to Myanmar’s leader Aung<br />

San Suu Kyi, said in a recent interview. As<br />

Southeast Asia’s fastest-growing economy<br />

began its transition from military rule with<br />

the swearing in of the first popularly-elected<br />

government in March 2016, western investors<br />

adopted a wait-and-see approach. “The<br />

thing about Western investment is not that it<br />

has stopped flowing, the truth is that it never<br />

came,” Turnell said.<br />

Myanmar has attracted just over US$30 billion<br />

in foreign direct investment since the 2014-15<br />

financial year, with Singapore topping the list<br />

of foreign investors in the country with $14.5<br />

billion, followed by China and Hong Kong with<br />

$7.1 billion, and $2.6 billion from countries inside<br />

the European Union, according to data<br />

supplied by Myanmar’s Directorate of Investment<br />

and Company Administration.<br />

Despite the investment shortfall from the<br />

U.S. and Europe, strong capital inflows from<br />

Japan, China, South Korea and Singapore<br />

helped make Myanmar one of the strongest<br />

performing economies in Southeast Asia,<br />

notching up gross domestic product of 6.4<br />

percent last year and an expected 6.8 percent<br />

in the current financial year.<br />

After Myanmar confirmed that new laws allowing<br />

foreigners to invest up to 35 percent<br />

in local companies would come into effect on<br />

August 1, there is an expectation that more<br />

foreign investment will follow.<br />

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North Pattaya Road<br />

(close to the Dolphin Roundabout)<br />

Email: ben.hightowerltd@gmail.com<br />

www.Thailand-Business-Supplement.com


WANT TO ENJOY A RELAXING READ OF<br />

TODAY’S INTERNATIONAL NEWSPAPERS?<br />

Why not drop by for a coffee, a beer or something to eat<br />

at any of the following venues:<br />

ROBIN HOOD TAVERN<br />

The Avenue<br />

WITHERSPOONS<br />

Soi Buakhao<br />

GOTTINO<br />

behind Tukcom<br />

MICKEY’S<br />

Soi New Plaza<br />

GOLDEN FERRET<br />

Soi New Plaza<br />

MULLIGANS<br />

Beach Road<br />

TOPICO SPORTS LOUNGE<br />

Soi Arunothai<br />

FRASER’S<br />

Thappraya Rd.<br />

HEMINGWAYS<br />

Jomtien<br />

O’ GARAS<br />

Pratumnak Rd.<br />

LIZARD LOUNGE<br />

Soi Honey Inn<br />

I - ROVERS SPORTS BAR<br />

LK Metro<br />

NICKY’S<br />

Soi Buakhao<br />

TRIANGLE BAR<br />

Soi Buakhao<br />

THE SPORTSMAN<br />

Soi 13, Pattaya<br />

SPORTS WORLD<br />

Soi Buakhao<br />

PIG & WHISTLE<br />

Jomtien / Soi 7<br />

LE KATAI<br />

Soi Lengkee<br />

DICEY REILLY’S<br />

2nd Road<br />

DENMARK HOTEL<br />

Soi White House, Jomtien<br />

SWEETHEARTS<br />

Soi Buakhao<br />

BAR & HOTEL

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