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Pattaya May 2019

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<strong>May</strong> <strong>2019</strong><br />

FREE<br />

COPY<br />

INSIDE THIS ISSUE:<br />

- Five-year Action Plan for the Genomics Sector Approved<br />

- Sending Your Overseas Pension to Thailand<br />

- Thailand Business News<br />

E-COMMERCE IS ONE<br />

OF THE HIGHEST PAYING<br />

SECTORS IN THAILAND<br />

Cover Story Overleaf<br />

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Cover Story<br />

E-COMMERCE IS ONE<br />

OF THE HIGHEST<br />

PAYING SECTORS<br />

IN THAILAND<br />

JobsDB Thailand, a leading<br />

employment portal, has made an<br />

analysis of the top paying jobs in its<br />

“Thailand Salary Report 2018”<br />

Not surprisingly, e-commerce<br />

jobs were topping the list as the<br />

industry shows continued sky-high<br />

growth. This is in keeping with the<br />

fact that e-commerce and IT professionals<br />

were the most sought after<br />

people compared to people in other<br />

job sectors.<br />

The report pulled in its data<br />

from 50,000 employers. On a broad<br />

range of metrics, similar jobs by industry<br />

and job level brought in similar<br />

incomes compared to the year<br />

prior, showing very low or event<br />

stagnant wage growth overall.<br />

Lower level e-commerce jobs<br />

showed an average starting salary<br />

of 21.787 to 37,181baht per<br />

month compared to around 20,000<br />

to 31,428 baht per month for other<br />

industries.<br />

Supervisors in the e-commerce<br />

space can expect to secure a package<br />

worth 35,885 baht per month.<br />

E-commerce digital marketing managers<br />

came in at the top spot for<br />

all manager leveljobs, and could<br />

expect to receive a salary in the<br />

range of 55,738 to 94,842 baht per<br />

month. At the very top, high-level<br />

experienced personnel can expect<br />

to earn as much as 145,000 baht<br />

per month.<br />

Other industries were also considered<br />

as top payers. Insurance<br />

executives in the position of “Head<br />

of Insurance Operations” came in at<br />

a close second position with a salary<br />

range of 55,102 to 94,365 baht<br />

per month. The highest salaries at<br />

the top-level included technology,<br />

engineering and medical services<br />

posts and paid around 140,000 baht<br />

per month.<br />

Other management positions<br />

that were in the top ten list included<br />

legal consultant, supply chain consultant,<br />

human resources manager,<br />

international business manager,<br />

regional account manager and accounting<br />

and finance manager.<br />

At the lower, “officer”, level,<br />

where many begin their employment<br />

journey, top paying positions<br />

included translator and business<br />

analyst officer, business development<br />

officer, software development<br />

officer, programmer, IT developer,<br />

insurance officer, pharmacist, brand<br />

manager, doctor, and energy or<br />

chemical engineer.<br />

Although there may not be a<br />

correlating effect to salary levels,<br />

the most needed job functions in<br />

Thailand were sales and business<br />

development at 17 per cent, e-commerce<br />

and information technology<br />

at 12 per cent, engineering at 10 per<br />

cent personnel and human resources<br />

positions at 9 per cent.<br />

Less sought after positions included<br />

those in the public relations<br />

and marketing sector at eight per<br />

cent, banking andfinance at five per<br />

cent, food and beverage, travel and<br />

hospitality at four per cent and both<br />

transport and manufacturing,also at<br />

around four percent each.<br />

Other traits that employers look<br />

out for include a positive attitude,<br />

confidence in managing digital platforms,<br />

good communication skills,<br />

multi tasking abilities and being<br />

open to changing and learning new<br />

things.<br />

Read Online At<br />

www.thailand-business-supplement.com<br />

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

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


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M: 084-677-4360 (EN), 062-365-3250 (TH)<br />

E: hightowerpattaya@gmail.com<br />

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

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT<br />

WHY INVEST<br />

IN PATTAYA?<br />

Formerly a quiet and peaceful fishing village, <strong>Pattaya</strong> began to grow<br />

when the American GIs stationed in Vietnam chose it as one of their<br />

privileged places to enjoy their permissions. To cope with the growing<br />

amount of visitors, restaurants, bungalows and hotels gradually<br />

started to emerge and progressively made of <strong>Pattaya</strong> a world<br />

famous tourist destination.<br />

Today, the city officially has a population<br />

of just over 350,000 inhabitants, but in<br />

reality, its population is estimated at about<br />

a million inhabitants, making it one of the<br />

most populous cities in the country. <strong>Pattaya</strong><br />

is also the Kingdom’s second largest tourist<br />

destination with more than 12 million tourists<br />

visiting it each year (the country hosts<br />

totally just over 38 million visitors each<br />

year).<br />

<strong>Pattaya</strong> is mainly known for its nightlife<br />

but by spending a few days there, you will<br />

quickly realize that it has numerous other<br />

assets that have fully participated in its development.<br />

All this also has had a great impact<br />

on the real estate sector, whether residential<br />

or aiming rental incomes, allowing<br />

<strong>Pattaya</strong> to become one of the spearheads<br />

of the country in the real estate sector. Indeed<br />

like the country, <strong>Pattaya</strong> has undeniable<br />

assets allowing it to become a place<br />

where it is good to invest in real estate,<br />

here is why!<br />

The reflection of a highly attractive country<br />

Before speaking of <strong>Pattaya</strong> in particular,<br />

it is worthwhile to dwell for a few<br />

moments on the dynamism of Thailand in<br />

general and its undeniable attractiveness<br />

on various aspects, directly and indirectly<br />

impacting the real estate sector. Indeed<br />

speaking about economy, Thailand is, for<br />

example:<br />

- A 4% annual growth for 5 years.<br />

- An only 1.2% unemployment rate.<br />

- A founding member of ASEAN.<br />

- The 2nd economic power of South-<br />

East Asia.<br />

- A solid industry (automotive, electronic<br />

components, etc.).<br />

- A strong agriculture (rice, shrimps,<br />

rubber, wood, etc.).<br />

- The first tourist destination of South-<br />

East Asia (38 million visitors in 2018).<br />

- Quality infrastructure (airports, highways,<br />

hospitals, etc.).<br />

- 3 cities ranking among the 20 most<br />

visited cities in the world (1 – Bangkok,<br />

12 – Phuket and 14 – <strong>Pattaya</strong>).<br />

Regarding real estate, Thailand has<br />

been able to stand out among numerous<br />

countries in the world thanks to:<br />

- A highly attractive tax system.<br />

- Access to full freehold ownership for<br />

foreigners.<br />

- An average rental yield of 7%.<br />

- An excellent quality / price ratio.<br />

- Accessible prices.<br />

- A growing market.<br />

- A strong rental demand.<br />

- A unique living environment.<br />

<strong>Pattaya</strong> perfectly reflects the many<br />

components making the Kingdom’s attractiveness<br />

and holds numerous assets<br />

attracting millions of visitors every year,<br />

whether they are tourists here for a few<br />

days or weeks or retirees and expatriates<br />

wishing to settle there for long.<br />

<strong>Pattaya</strong>, an increasingly attractive destination<br />

Indeed, in recent years, the government<br />

has clearly shown its intention to turn<br />

<strong>Pattaya</strong>, renowned for its nightlife and wild<br />

nights, into a perfect family destination to<br />

accommodate local and international tourists.<br />

The restoration of several beaches,<br />

actions to limit pollution, more frequent controls<br />

and heavier penalties for offenders are<br />

already in place to allow <strong>Pattaya</strong> to unleash<br />

its full potential. Add to that, an ideal climate<br />

that knows no (or very little) rainy season<br />

and a wide variety of landscapes with a<br />

modern city center, endless beaches, wild<br />

and unspoiled areas, pretty islands in the<br />

immediate vicinity (Koh Larn, Koh Samet,<br />

etc.), <strong>Pattaya</strong> is probably the only destination<br />

in the Kingdom offering a superb and<br />

so diversified living environment, between<br />

a dynamic city and a quiet seaside resort.<br />

<strong>Pattaya</strong> is also a city where you will<br />

find high quality infrastructures with an<br />

efficient road network allowing a smooth<br />

traffic, current and under construction highways<br />

allowing an easy and fast connection<br />

between <strong>Pattaya</strong> and the surrounding cities<br />

(Bangkok, Chonburi, Si Racha, Rayong,<br />

etc. .), a high-speed train project to connect<br />

<strong>Pattaya</strong> to Bangkok in just 30 minutes,<br />

a tramway project to improve transportation<br />

in the city center, an ever-expanding<br />

airport that welcomes more and more<br />

flights, including international, deep-water<br />

ports to increase the transport of goods,<br />

and people. <strong>Pattaya</strong> also hosts several<br />

high quality hospitals, the most famous being<br />

the Bangkok Hospital.<br />

<strong>Pattaya</strong> is full of activities for all tastes<br />

and ages. In fact, you’ll find everything you<br />

need, from the famous Walking Street with<br />

its lively bars and nightclubs to Na Jomtien<br />

and its excellent restaurants with a relaxing<br />

atmosphere right on the beach as well<br />

as shopping centers such as the brand<br />

new Terminal 21, water parks, temples,<br />

golf courses, beaches, tropical gardens,<br />

boat trips, islands, delicious restaurants,<br />

spas, animal parks, kart tracks, etc., the list<br />

is endless and to sum it up, you will never<br />

get bored!<br />

A strong economy<br />

In addition to these very important<br />

aspects, <strong>Pattaya</strong> is also not left behind in<br />

terms of economy. Indeed, it occupies a<br />

central position on the Eastern Economic<br />

Corridor (EEC), an investment plan of<br />

more than 1.5 billion THB (47 million USD)<br />

aiming to develop the infrastructure in<br />

the region (Chachoengsao, Chonburi and<br />

Rayong provinces): airports, deep-water<br />

ports, high-speed trains, highways, etc. allowing<br />

<strong>Pattaya</strong> to improve its accessibility<br />

for the transport of goods and people. Secondly,<br />

the objective of the EEC is to attract<br />

major economic players in the area thanks<br />

to newly renovated and improved infrastructures,<br />

the creation of free trade zones<br />

and by offering them other numerous advantages,<br />

especially related to taxes and<br />

employment. The operation has already attracted<br />

several multinationals such as Airbus,<br />

which is partnering with Thai Airways<br />

to create the largest maintenance center<br />

in South East Asia, or the E-commerce giant<br />

player, Alibaba which is investing more<br />

than 300 million USD to develop several<br />

facilities including a logistics center to link<br />

China and Thailand, a research and development<br />

complex, and a university project.<br />

It is also worth recalling the importance<br />

of tourism, which occupies a major role in<br />

<strong>Pattaya</strong>. Indeed, every year, the city welcomes<br />

more than 10 million international<br />

visitors, having made it the 14th most visited<br />

city in the world in 2018, in front of<br />

heavyweights like Milan, Hong Kong, Barcelona<br />

or Bali. The profiles are very varied<br />

among them with tourists from all around<br />

the world visiting <strong>Pattaya</strong> for a few days or<br />

for do several months. This makes it even<br />

more interesting when talking about investing<br />

in <strong>Pattaya</strong> real estate market in order to<br />

capitalize on this massive influx of visitors<br />

whose habits have changed enormously.<br />

Indeed, most of them now prefer to rent an<br />

apartment rather than to go to the hotel.<br />

A very competitive real estate offer<br />

The property market in <strong>Pattaya</strong> offers<br />

many advantages. The first lies in the pricing<br />

compared to other countries and even<br />

other destinations in Thailand. Indeed, you<br />

can find apartments in a new residence with<br />

pool and gym from approximately 60,000<br />

USD.<br />

Another very important point and specific<br />

<strong>Pattaya</strong>’s real estate market is the<br />

great diversity of the offer in terms of price,<br />

in terms of range, types of property or the<br />

different objectives to which they respond.<br />

Indeed, it is one of the only destinations in<br />

the Kingdom in which you can find cheap<br />

apartments, luxury apartments by the sea,<br />

houses at competitive prices or beautiful<br />

villas worth several million USD. This wide<br />

range of goods can meet all types of needs:<br />

A property as a main residence or a<br />

second home.<br />

A property aiming the rental income,<br />

some even offering a rental guarantee and<br />

a buyback guarantee.<br />

A property with a great rental potential<br />

that you can also use as your second home<br />

Etc.<br />

The highly attractive prices coupled<br />

with the strong rental demand and very low<br />

expenses (common area fees, taxes, etc.)<br />

allow <strong>Pattaya</strong> to stand out in terms of rental<br />

yields, indeed, it is not rare to exceed a 6%<br />

annual rental yield.<br />

Do not hesitate to get in touch to get<br />

more insight about <strong>Pattaya</strong>’s real estate<br />

market and get advice to complete your real<br />

estate projects in the Land of Smile! Do not<br />

forget to mention you saw it in the Business<br />

Supplement!<br />

pattaya@companyvauban.com<br />

+66 (0)38 251 729<br />

Chateau Dale, 306/71, Thappaya Road,<br />

Moo 12, Nongprue, Banglamung,<br />

<strong>Pattaya</strong> City, 20150<br />

High Tower Co., Ltd. Tel: 038 411 009 For all your advertising enquiries - Tel: 0846 77 43 60


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

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT<br />

“Bits n Bytes”<br />

STEVE DICKENS<br />

WHAT’S THE DEAL WITH<br />

VIRTUAL REALITY?<br />

By now, virtual reality (VR) has probably made it on to<br />

your radar screen in some way. <strong>May</strong>be you’ve only heard<br />

about it in bits and pieces, or maybe you’ve tried it yourself.<br />

Whatever the case, virtual reality feels like it could<br />

be the new generation of advanced technology.<br />

Virtual Reality (VR) literally<br />

makes it possible to experience<br />

anything, anywhere, anytime<br />

So – Virtual Reality, a definition<br />

A realistic three-dimensional im<br />

age or artificial environment that is<br />

created with a mixture of interactive<br />

hardware and software, and presented<br />

to the user in such a way that<br />

the any doubts are suspended and<br />

it is accepted<br />

as a real environment in which it is<br />

interacted with in a seemingly real or<br />

physical way.<br />

Virtual reality is best understood<br />

by first defining what it aims to<br />

achieve – total immersion.<br />

Total immersion means that the<br />

sensory experience feels so real,<br />

that we forget it is a virtual-artificial<br />

environment and begin to interact<br />

with it as we would naturally in the<br />

real world. In a virtual reality environment,<br />

a completely synthetic<br />

world may or may not mimic the<br />

properties of a real-world environment.<br />

This means that the virtual<br />

reality environment may simulate<br />

an everyday setting (e.g. walking<br />

around the streets of London), or<br />

may exceed the bounds of physical<br />

reality by creating a world in which<br />

the physical laws governing gravity,<br />

time and material properties no longer<br />

hold (e.g. shooting space aliens<br />

on a foreign gravity-less planet).<br />

Key Elements of a Virtual Reality<br />

Experience<br />

1. Virtual World<br />

A virtual world is a three-dimensional<br />

environment that is often, but<br />

not necessarily, realized through<br />

one or more technologies, such as<br />

head sets, gloves etc where one can<br />

interact with others and create objects<br />

as part of that interaction. In a<br />

virtual world, visual perspectives are<br />

responsive to changes in movement<br />

and interactions mimic those experienced<br />

in the real world.<br />

- Mental Immersion – A deep<br />

mental state of engagement, with<br />

suspension of disbelief that one is in<br />

a virtual environment.<br />

- Physical Immersion – Exhibited<br />

physical engagement in a virtual<br />

environment, with suspension of<br />

disbelief that one is in a virtual environment.<br />

3. Sensory Feedback<br />

Virtual reality requires as many<br />

of our senses as possible to be simulated.<br />

These senses include vision,<br />

hearing, touch, and more, for example<br />

smell. Properly stimulating these<br />

sense requires sensory feedback,<br />

which is achieved through integrated<br />

hardware and software which<br />

include head mounted displays<br />

(HMD), special gloves or hand accessories,<br />

and hand controls.<br />

4. Interactivity<br />

The element of interaction is crucial<br />

for virtual reality experiences to<br />

provide users with enough comfort<br />

to naturally engage with the virtual<br />

environment. If the virtual environment<br />

responds to a user’s action in<br />

a natural manner, excitement and<br />

senses of immersion will remain. If<br />

the virtual environment cannot respond<br />

quickly enough, the human<br />

brain will quickly notice and the<br />

sense of immersion will diminish.<br />

Virtual environment responses to interaction<br />

can include the way a participant<br />

moves around or changes<br />

in their viewpoint; generally through<br />

movements of their head.<br />

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2. Immersion<br />

Virtual reality immersion feeling<br />

physically present in a non-physical<br />

world. It encompasses the sense of<br />

presence, which is the point where<br />

the human brain believes that is<br />

somewhere it is really not, and is<br />

accomplished through purely mental<br />

and/or physical means. The<br />

state of total immersion exists when<br />

enough senses are activated to create<br />

the perception of being present<br />

in a non-physical world. Two common<br />

types of immersion include:<br />

Most people relate to VR in terms<br />

of gaming, but in fact the scope for<br />

use is much wider. For example, it<br />

has already been demonstrated that<br />

a specialist surgeon in say London,<br />

can perform an operation on a patient<br />

anywhere in the world using VR<br />

and robots.<br />

I guess a holo-deck as seen in<br />

Start Trek would be the ultimate<br />

VR experience …. And may be we<br />

aren’t that far off!<br />

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Genomics is a specialist branch<br />

of science that focuses on the structure,<br />

evolution, function, editing and<br />

mapping of genomes. Not to be confused<br />

with genetics, which is a study<br />

of individual genes and amongst<br />

other things how they are inherited,<br />

genomics is concerned with the<br />

entire set of DNA of an organism. It<br />

encompasses DNA sequencing and<br />

bioinformatics to collectively understand<br />

biological data.<br />

The studies have great potential<br />

to stop diseases and to eradicate<br />

a number of medical conditions,<br />

which still persist today. There have<br />

been many leaps in the field in recent<br />

years but as new technology is<br />

developed the pace is only likely to<br />

accelerate.<br />

Genomics is at the forefront<br />

of microbiology and is one of the<br />

high-technology sectors endorsed<br />

under the government’s Eastern<br />

Economic Corridor (EEC) project.<br />

As such, approval was given by the<br />

cabinet to develop the genomics<br />

sector during the period of 2020 to<br />

2024 with an injection of up to 4.5<br />

billion baht, in order to give Thailand<br />

a competitive edge in the industry.<br />

The EEC project will see Thailand<br />

become a center of excellence<br />

for Genomics and related industries.<br />

Nathporn Chatusripitak, a<br />

spokesman for Deputy Prime Minister<br />

Somkid Jatusripitak, was quoted<br />

as saying, "Genomics is a significant<br />

technology that can help develop<br />

Thailand as the region's medical hub.<br />

The action plan should help draw private<br />

investment and joint ventures<br />

between government agencies and<br />

potential private firms," adding, "The<br />

EEC Office needs to team up with<br />

the Board of Investment to work out<br />

plans to promote the industry and<br />

encourage related agencies to conduct<br />

R&D and private investment."<br />

Genomics really can help to save<br />

a great deal of money in the medium<br />

to long term as it can be the foundation<br />

for understanding serious<br />

medical conditions and can be the<br />

building block for new drugs to combat<br />

diseases.<br />

It is estimated that savings of up<br />

to 70 billion baht per year could be<br />

made based on strides in the understandingof<br />

just five key conditions<br />

(cancer, HIV, diabetes, stroke and<br />

acute coronary syndrome). As other<br />

conditions are targeted, they could<br />

collectively increase the savings by<br />

a considerable margin.<br />

In a related development the<br />

cabinet also approved a 34.83 billion<br />

baht budget for the medical doctor<br />

development program, which aims<br />

to increase the number of doctors in<br />

Thailand to a ratio of 1 per 1200 head<br />

of population. In the first three years<br />

9,168 doctors will be developed with<br />

a further 15,394 from 2022 to 2027.<br />

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BUSINESS SUPPLEMENT<br />

THAILAND BUSINESS NEWS<br />

MARRIOTT TO INCREASE<br />

ITS NUMBER OF HOTELS<br />

IN THAILAND<br />

Marriott International, which currently owns 44<br />

hotels in Thailand, plans to expand markedly the<br />

number of hotels it owns in the Kingdom. A 50 per<br />

cent increase is being eyed over the next 3 or 4<br />

years. More than half of the new properties will<br />

be resorts and will cater to both Thai guests and<br />

Chinese tourists who now make up nearly 30 per<br />

cent and 25 per cent of Marriot’s customer base<br />

respectively.<br />

Marriot International has 14 brands under its<br />

belt. Now under construction are a number of new<br />

properties under brands such as Delta by Marriott,<br />

Fairfield by Marriott and Moxy.<br />

The move comes as the company is already<br />

maintaining an expansion phase. Throughout the<br />

APAC region the company owns 710 hotels and<br />

hopes to increase this number to above 1000 by<br />

2020.<br />

Rajeev Menon, chief operating officer of Marriott<br />

International Asia-Pacific, was quoted as<br />

saying, "We don't really see it as an acceleration<br />

from our perspective," adding, "Marriott acquired<br />

Starwood Hotels in 2016, which had a larger presence<br />

than us in Asia at the time, and as we came<br />

together we have had a very healthy pipeline of<br />

new hotels in Asia."<br />

The company is unfazed by occasional shortterm<br />

blips in Thailand’s economic outlook.<br />

Mr. Menon was also quoted as saying, "We've<br />

seen business slow down dramatically, but the incredible<br />

thing about Thailand is it always bounces<br />

back quickly. As long as we have political stability<br />

and economic stability, people want to keep coming<br />

back."<br />

OCCUPANCY RATES FOR<br />

FACTORIES AND WAREHOUSES<br />

SET TO RISE<br />

According to SET listed Frasers Property, demand<br />

for ready built factory space and warehouse<br />

space is on the rise with the e-commerce sector<br />

in particular driving business activity with regard<br />

to the latter. The industrial real estate developer<br />

is looking to increase occupancy rates to 80 per<br />

cent during <strong>2019</strong>, up from 73 per cent in the previous<br />

year.<br />

President, Sopon Racharaksa, was quoted<br />

as saying, "Leasehold industrial property development<br />

continues its upward trend with favorable<br />

factors including increased trade and domestic<br />

consumption, economic drivers surrounding Thailand<br />

4.0 policy and tremendous growth of e-commerce,”<br />

adding, "We are confident our goal for<br />

fiscal <strong>2019</strong> of total occupancy for ready-built factories<br />

and warehouses of 80% will be achievable.”<br />

SUMMER POWER DEMAND<br />

EXPECTED TO SPIKE<br />

With the summer months on their way, and<br />

with temperatures expected to reach potential<br />

highs of up to 42 to 43 degrees centigrade, power<br />

demand is expected to rise as air conditioning is<br />

used more.<br />

Usage is expected to peak at up to 35,889<br />

megawatts, an increase of 4.6 per cent per cent<br />

on last year’s summer season.<br />

However, Thailand’s power generation capabilities<br />

remain well poised to take up the challenge<br />

with more than a large buffer zone already<br />

in place.<br />

Sarawut Kaewtathip, deputy permanent energy<br />

secretary, was quoted as saying, “Demand<br />

during the peak will not affect the country's total<br />

power generation as reserves of 56,034MW remain<br />

20% higher than the demand projection.”<br />

Summer temperatures are keenly watched<br />

since for every 1 degree of temperature rise, an<br />

additional 400MW of power is required. Currently<br />

consumers use approximately 20 per cent of all<br />

power, businesses use 22 per cent and industry<br />

accounts for more than 40 per cent.<br />

Read Online At<br />

www.thailand-business-supplement.com<br />

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

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT<br />

SENDING YOUR OVERSEAS<br />

PENSION TO THAILAND<br />

As we all know the retirement<br />

visa rules have recently changed<br />

and many embassies no longer issue<br />

proof of income letters which many<br />

retirees here used to extend their retirement<br />

visa.<br />

In future if you wish to use the<br />

monthly income method then you<br />

will need to transfer 65,000 THB per<br />

month to your Thai account<br />

from overseas.<br />

The Thai account must<br />

be in your name, it cannot<br />

be in your wife or girlfriend’s<br />

name or a joint account. If<br />

you don’t already have a<br />

Thai bank account, please<br />

check out our post on how<br />

to open an account https://<br />

www.keyvisathailand.com/<br />

how-to-open-a-thai-bankaccount/<br />

You can either ask your<br />

pension provider to pay<br />

your pension directly into<br />

your Thai bank account. For<br />

this purpose you will need<br />

to ask the bank to provide<br />

you with a Swift or IBAN<br />

code suitable for international transfers.<br />

We suggest trialling an overseas<br />

transfer before you commit to<br />

receiving monthly payments in this<br />

account.<br />

We suggest this for two reasons,<br />

#1 to make sure that everything is<br />

working correctly and #2 to check<br />

on the exchange rate. Depending on<br />

the bank which your pension provider<br />

uses to transfer the money you<br />

may not get the best exchange rate<br />

possible.<br />

The alternative to this is continue<br />

to receive your pension into your<br />

local bank account in your home<br />

country and then transfer it yourself<br />

to Thailand.<br />

This should be done by electronic<br />

transfer and if you have online<br />

banking, this is normally a simple<br />

process. Depending on your bank<br />

account, you may need a card reader<br />

or phone number which can be<br />

used for verifying the international<br />

Different banks have different<br />

systems and use different exchange<br />

rates. In the UK, international transfers<br />

typically vary between £9 and<br />

£20 and there is usually a mark up<br />

on the exchange rate plus bank fees<br />

from the receiving bank here in Thailand.<br />

Another way to send money<br />

from abroad to Thailand or any other<br />

country is Transferwise, this is an<br />

online borderless account which enables<br />

you to send money anywhere<br />

in the world at very low cost. You can<br />

read more about it here and register<br />

for an account - transferwise.com<br />

Expats renewing their visas in<br />

the first half of <strong>2019</strong> may still be<br />

able to use income letters previously<br />

obtained as most letters have a six<br />

month validity. But after this, you will<br />

need to understand and adhere to<br />

the new rules on bringing your pension<br />

to Thailand every month in order<br />

to use the income method next<br />

year.<br />

If you have any concerns<br />

about retirement visas and<br />

whether you are still eligible<br />

under the new rules, don’t get<br />

stressed - contact Darren by<br />

email, info@keyvisathailand.<br />

com or call into the office, opposite<br />

Big C, South <strong>Pattaya</strong>.<br />

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伀 䘀 䘀 䔀 刀 䔀 䐀 䈀 夀<br />

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

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


BUSINESS SUPPLEMENT<br />

TENCENT CHOOSES THAILAND AS<br />

ITS FIRST OVERSEAS MARKET<br />

Tencent, the well known Chinese<br />

internet company has decided to<br />

choose Thailand as the destination of<br />

its first foray into overseas markets<br />

for its video-on-demand services. It<br />

aims to provide Line TV and Netflix<br />

as well as other streaming services.<br />

In addition to the video segment, the<br />

company will also expand its presence<br />

in cloud computing and AI services.<br />

Krittee Manoleehagul, managing<br />

director of Tencent Thailand Co., was<br />

quoted as saying, “This year, Tencent<br />

Thailand will invest in new business<br />

services to build a new engine of<br />

growth for corporate users apart from<br />

its strength in consumer businesses,”<br />

adding, “This will enable Tencent to<br />

serve corporate customers in Thailand<br />

in line with our global direction<br />

expanding into more industry-based<br />

solutions.”<br />

Already last year the company invested<br />

hundreds of millions of baht<br />

to build new data centers in the Kingdom.<br />

Li Kaichen, director of strategy<br />

development of Tencent Group and<br />

head of Tencent's overseas video<br />

business, was quoted as saying,<br />

"Tencent selected Thailand as the<br />

first country to expand the Tencent<br />

Video service outside China," adding,<br />

"In Asean, Thailand and Indonesia<br />

are two strategic countries for<br />

Tencent and the company has a lot of<br />

consumer business in Thailand that it<br />

can leverage faster.”<br />

Tencent considered that Thailand's<br />

high income per household<br />

was a key reason for the choice as<br />

well as the fact that there are many<br />

Chinese tourists in Thailand that may<br />

benefit from Chinese content.<br />

The company started its video<br />

streaming business in 2011, which<br />

included the setting up of its own film<br />

studios, Tencent Penguin Pictures.<br />

The studio has been behind the creation<br />

of popular Chinese and international<br />

productions.<br />

Mr. Li was also quoted as saying,<br />

"We spent seven years to become<br />

the top video-streaming service in<br />

China with over 500 million active users<br />

per month, [and] with 82 million<br />

paid users as of September 2018,"<br />

The company is enjoying record<br />

growth. Subscription revenue for video<br />

content rose 65 per cent in 2018.<br />

At the same time advertising revenues<br />

grew 21 per cent.<br />

After the start of the WeTV app<br />

late last year, the company expects<br />

that Thai content will increase with<br />

up to 20 Thai dramas expected on<br />

One Channel and many more in the<br />

pipeline. As well, U.S.,Chinese and<br />

Korean content will all increase.<br />

The company has tapped into<br />

popular Thai channels for customers<br />

including Sanook and Joox.<br />

Another reason for choosing<br />

Thailand is that on average Thais<br />

spend nearly 3 and a half hours per<br />

day watching streaming video, according<br />

to a recent “We Are Social”<br />

study.<br />

AMA FASHION PATTAYA<br />

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WE FOCUS ON THE QUALITY OF OUR FABRICS & WORKMANSHIP.<br />

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Hard Rock Hotel<br />

P.S. Bowling Plaza<br />

Best Supermarket<br />

Directions for taxi: พัทยากลาง ตรงขาม พี เอส โบวลิ่ง พลาซา (PATTAYA KLANG ROAD)<br />

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

www.Thailand-Business-Supplement.com


NESS SUPPLEMENT<br />

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BUSINESS SUPPLEMENT<br />

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AND RESTAURANT . . .<br />

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62/147 Moo 12, Thepprasit Soi 8, Nongprue,<br />

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South <strong>Pattaya</strong> Rd.<br />

Sukhumvit Rd.<br />

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EDEN<br />

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The Sportsman Pub and Restaurant,<br />

located in Soi 13, between<br />

Beach Road and Second Road, is one<br />

of the longest-running British-style<br />

bar-restaurants in <strong>Pattaya</strong> and among<br />

a long list of reasons for its success<br />

are making sure the food is top quality<br />

and portion sizes are more than ample<br />

as many regular customers will testify<br />

to.<br />

Staff attentiveness, hands-on<br />

management, and ambience as well<br />

as regular promotions add to its success<br />

and it’s no surprise it continuous<br />

to rate extremely highly on Trip Advisor.<br />

The Sportsman may well be classified<br />

as a British pub, but its fare is<br />

sufficiently variable that it attracts diners<br />

from all corners of the globe and<br />

their varied menu reflects this fact.<br />

Along with their selection of traditional<br />

favourites, the menu also<br />

includes ‘Jumbo Meatballs’, bacon<br />

wrapped pork and apple meatballs<br />

served with mashed potatoes, garden<br />

or mushy peas and gravy, ‘Pizza<br />

Toastie’, with salami, cheese, tomato<br />

sauce and peppers toasted on white<br />

or brown bread and ‘Chicken and Pepper<br />

Tortilla Wraps’ with cheese and<br />

ranch dressing to name just a few.<br />

Conscious of the changing world<br />

we live in, the Sportsman menu also<br />

offers a ‘Healthy Option’ section to<br />

start your day the healthy way include<br />

cucumber apple and lime and wheatgrass<br />

and pineapple. For all those<br />

very hot days a ‘Frosties’ selection is<br />

included with iced cold lime blizzard,<br />

pineapple blizzard, melon blizzard and<br />

blueberry blizzard.<br />

The Sportsman’s new cocktail<br />

menu with a buy one, get one free<br />

offer is now available to both ladies<br />

and men, but only on a Friday after<br />

6:00pm and includes eight different<br />

choices from the Bloody Mary to the<br />

Singapore Sling.<br />

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pints for 99 baht and on Saturdays<br />

the special is pints of Thatchers Gold<br />

draught cider at 160 baht.<br />

Thursday also sees The Sportsman<br />

weekly free-entry quiz starting<br />

at around 9:00pm. There is a free<br />

(Bowmans) pie and chips for all contestants<br />

at the end of the fun quiz, and<br />

a rollover jackpot question. Everyone<br />

is welcome, and you can either set up<br />

your own team, or join in with another<br />

group.<br />

BUSINESS SUPPLEMENT<br />

There are three key days that feature<br />

meal specials. On Wednesdays<br />

the daily special is a burger and chips,<br />

with a San Miguel for just 195 baht,<br />

available all day and all night.<br />

On Fridays the food special is an<br />

all-you-can-eat pizza, pasta, salad<br />

buffet, available between 6:00 and<br />

10:00pm, for just 249 baht per customer.<br />

On Sundays, the all-you-can-eat<br />

carvery, long-established, is priced<br />

at just 450 baht, available between<br />

12:30pm and 8:30pm. The carvery is<br />

often rated among the best in <strong>Pattaya</strong><br />

with a choice of two soups, five roast<br />

joints, a special steak and kidney pie,<br />

Yorkshire pudding, and all the other<br />

elements that one would expect of a<br />

proper British carvery.<br />

On the other four days the pub<br />

promotes drink specials. On Mondays<br />

the special features pints of Heineken<br />

at 99 baht, all day and all night;<br />

Tuesdays are pints of Guinness at just<br />

180 baht, again, all day and all night;<br />

Thursday’s special is Tiger Draught<br />

There is a good quality pool table<br />

and now eight large wall-mounted<br />

TVs located in good viewing locations<br />

showing all sports as well as news<br />

channels.<br />

Finally, their outside catering division<br />

has been enhanced with special<br />

catering packages for any size party.<br />

Just visit www.partyfoodpattaya.<br />

com for more information.<br />

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

www.Thailand-Business-Supplement.com


FITNESS & YOU<br />

- THE KEY TO A BETTER LIFE -<br />

You’re ready to get fit, but the sticker prices<br />

on fitness equipment have you reeling.<br />

We won’t lie. Exercise equipment can<br />

be pricey, so even if you are trying to save<br />

money on a gym membership by working out<br />

a home, you can often feel like you only end<br />

up breaking even.<br />

The solution here? Buying used. There<br />

is a huge market for used and refurbished<br />

exercise equipment, from free weights to<br />

treadmills to elliptical machines at great prices.<br />

But do you know what you’re looking<br />

for? How do you know if you’re getting a<br />

good deal? Where do you start?<br />

Hang on, because we have the tips you<br />

need before you buy.<br />

1. Evaluate Your Fitness Needs<br />

Every new workout seems to be the new<br />

“best” thing. Somehow, if you aren’t participating<br />

in the latest Chakra-Rock Hard-Flex<br />

Z40 Xtreme, you are destined to fitness goal<br />

failure.<br />

The reality is that fitness is a personal<br />

journey. No workout is right for every person<br />

or every goal set. So take a look at what you<br />

like to do, and what you want to accomplish.<br />

What Do You Like?<br />

If you love to run but hate weights, take<br />

a look at the top treadmills and start there.<br />

If you hate running, you don’t need to<br />

feel the pressure to run a marathon. Invest in<br />

a solid set of weights or an elliptical.<br />

The goal here is to understand that just<br />

because your friend has had impressive results<br />

from his spin class doesn’t mean it’s<br />

right for you.<br />

Don’t feel pressured to buy a specific<br />

piece of equipment just because its the one<br />

everyone is currently buying.<br />

What Are Your Goals?<br />

Different goals call for different equipment<br />

needs. If you are already an athlete,<br />

looking to improve conditioning and endurance,<br />

you’ll need various fitness equipment<br />

than someone looking to drop 150 pounds.<br />

Take into account your current fitness<br />

level, your goal level, and any physical impairments<br />

or limitations you might have. If<br />

you do have significant limitations, talk to<br />

your doctor or physical therapist about what<br />

type of equipment is best for you.<br />

2. Take Stock of Your Space<br />

Space restrictions are going to be a big<br />

indicator of what you can and cannot bring<br />

into your home.<br />

For small spaces, weights, resistance<br />

bands, and mats may be all you have room<br />

for. And you can get an amazing workout with<br />

just those things!<br />

But if you have the room, a stationary<br />

bike or one-piece total gym machine can be<br />

a great addition to your fitness space as well.<br />

It’s important here to measure, remeasure,<br />

and then measure again.<br />

3. Research the Price<br />

So this is a tricky one.<br />

When you buy fitness equipment new,<br />

the price will stay pretty standard across<br />

vendors. A certain brand treadmill at one<br />

store will be around the same price as that<br />

same treadmill anywhere else.<br />

This is, basically, a kind of rubber<br />

which doesn’t leave marks<br />

and is known for is durability. A<br />

single set of Powerblock dumbbells<br />

negates the need to have<br />

But when you get into used equipment,<br />

a there range is no such of price ordinary standardization. dumbbells<br />

So how do you know you’re getting a<br />

and<br />

reasonable<br />

weight<br />

price?<br />

plates lying around.<br />

Basically, having a Powerblock<br />

set is the equivalent to having<br />

around eight or so separate<br />

dumbbells of varying heaviness.<br />

To the gym-goer who is used to<br />

standard dumbbells, the Power-<br />

Blocks initially may feel strange,<br />

being square rather than round.<br />

Very First, quickly be realistic though about your it becomes<br />

budget.<br />

Then, start to research. Check the value<br />

of the equipment<br />

apparent the shape<br />

new, the<br />

is<br />

take<br />

not<br />

a<br />

a<br />

look<br />

limiting<br />

used prices factor on in the any internet. way to doing a<br />

at<br />

Yes, it’s a process. We know you want to<br />

good<br />

get to your<br />

workout.<br />

fat-burning.<br />

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

But if you want to get the best deal, it’s<br />

necessary.<br />

A PowerBlock Also keep in mind dumbbell that you may has be able a<br />

selector recoup your pin, price on later, one at side least of in part, each by<br />

reselling what you buy.<br />

PowerBlock, 4. Don’t Buy and New-to-You this allows Fitness<br />

the Equipment user to quickly and easily<br />

“But wait! Isn’t that the point of buying<br />

change used fitness the equipment??” selected weight in<br />

steps Here, of we either don’t mean five or “new-to-you” 10 pounds as in<br />

“used”.<br />

(2.5 Rather, to five don’t kilos), buy fitness depending equipment on you<br />

which aren’t familiar model with. of PowerBlock is<br />

If you’ve never used a treadmill before,<br />

being don’t try used. and pick Weight one out blind. changes are<br />

instantaneous, Make sure that any there equipment are no you extra<br />

used parts before to and tighten, you know and you enjoy the using col-<br />

are<br />

bringing into your house is something you’ve<br />

our-coded and will actually bands use. make it easy<br />

This goes back to point number one. If<br />

to you see buy which equipment weight you’ve is never selected. used, just<br />

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

because you think you may like it, you risk<br />

throwing away your money.<br />

The top of the PowerBlock is<br />

BUSINESS SUPPLEMENT<br />

There are many reasons why<br />

people don’t or won’t go to train<br />

in a gym. If you are the kind of<br />

person who is looking to get into<br />

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How many houses have you been to that<br />

the have hassle some large of fitness joining equipment a gym, shoved but<br />

into a corner of the garage?<br />

is sufficiently<br />

Don’t be that<br />

motivated<br />

guy. Make sure<br />

to spend<br />

anything<br />

around you buy is 20 something to 30 you minutes know will get a day used.<br />

for three<br />

5. Don’t<br />

or<br />

Buy<br />

four<br />

Sight<br />

days<br />

Unseen<br />

a week in<br />

the This comfort should of go without your saying, own home, but don’t<br />

agree to buy something you’ve never looked<br />

then<br />

at.<br />

PowerBlocks could be the<br />

perfect A seller exercise can make ‘tool’. all kinds of claims<br />

about the condition of a piece of equipment,<br />

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

only to have you pick up and realize you’ve<br />

After been duped. all, you can choose what<br />

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time<br />

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to<br />

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workout;<br />

Make sure<br />

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you look<br />

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at<br />

to the following: spend doing that workout<br />

•Belts showing excessive wear<br />

(longer<br />

•Make<br />

on<br />

sure<br />

days<br />

all the buttons<br />

you feel<br />

work<br />

good<br />

and •Ensure have all the pieces time; are accounted shorter foron<br />

•Check for excess dirt that may indicate<br />

days<br />

a long stint<br />

when<br />

in a<br />

time<br />

dusty corner<br />

is tight, or you<br />

just •Rust don’t on have metal the components energy); or fraying the<br />

wires around electrical ones<br />

level of weight resistance you<br />

want to try for each exercise,<br />

and all from the privacy of your<br />

own apartment or house. The<br />

only limiting factor is you: how<br />

dedicated and motivated you<br />

can or want to be to achieving<br />

Ask to try out the equipment, as well. It<br />

your may feel fitness silly to goals.<br />

through a spin routine in<br />

front of a stranger, but you want to be sure<br />

Note: the machine the will sponsor serve its of function this when page, you<br />

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

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

There are many reasons why<br />

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

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gemmapurnell.com<br />

gemma@gemmapurnell.com<br />

FOODMART<br />

SUPERMARKET<br />

On Thappraya Road, Jomtien<br />

316/3 Moo 12, Nongprue, Banglamung, Chonburi 20150<br />

FOODMART<br />

Offers a wide selection of the best foods and beverages<br />

from around the world at reasonable prices.<br />

FOODMART<br />

Is located directly on Thappraya Road north of Thepprasit Road,<br />

opposite Pan Pan Restaurant.<br />

Tel: 038-303 467<br />

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

www.Thailand-Business-Supplement.com


A taste of Toscana<br />

in your own home!<br />

Luca Marchetti, the genial host of the Toscana Italian restaurant on Beach<br />

Road in central <strong>Pattaya</strong>, is very proud of the fact that he makes good use of<br />

the produce of his organic vegetable and natural animal farms for the meals<br />

that he serves to diners, and is happy to supply outside orders for non-diners.<br />

When you consider just how many<br />

restaurants there are in the <strong>Pattaya</strong><br />

area, Toscana is arguably about<br />

the only one which can trace the vast<br />

majority of its food products from the<br />

‘soil to the table’ and the ‘cradle to the<br />

grave’ as it were.<br />

The commitment to providing genuine<br />

quality to diners is evidenced by<br />

the continuing popularity of both Toscana<br />

and its associated Moom Talay<br />

Thai restaurant. The key to running any<br />

successful business across the longer<br />

term is to have repeat custom, and<br />

that’s what Toscana certainly achieves.<br />

One aspect of the operation that<br />

many customers may not be aware of<br />

is the preparedness to sell a vast range<br />

of the produce of the two farms to customers<br />

who might want to get the Toscana<br />

food experience but not necessarily<br />

come in night after night to dine<br />

at the restaurant itself.<br />

A classic example would be the<br />

free-range eggs, whether the standard<br />

chicken eggs, or the more exotic quail<br />

or guinea fowl eggs.<br />

While the chicken eggs which Luca<br />

sells are 10 baht each, so 120 baht for<br />

the dozen, the quality is unmatched. As<br />

Luca points out, “The chickens people<br />

buy cheaply in the market have been<br />

fast-tracked to growth, maybe they’re<br />

a kilo in weight after only a month. My<br />

chickens are allowed to grow naturally<br />

and it takes my stock around six<br />

months to get to that size.”<br />

Obviously, a chicken grown as fast<br />

as possible in order to be sent to market<br />

in as short a time as possible is not<br />

going to cost as much as one which<br />

is allowed to mature naturally. So, the<br />

actual turnover of chicken numbers on<br />

Luca’s organic farm is far less than a<br />

standard commercial operation.


Being allowed to grow naturally, the<br />

hens are also allowed to lay eggs as<br />

naturally as possible. As Luca notes,<br />

it is easy to check the quality of an<br />

organically-farmed egg compared to<br />

its more production-line sibling. “Each<br />

organic egg will be slightly different in<br />

size and texture. When it’s broken open<br />

for eating the colours will vary slightly,<br />

all because of what the hen was eating<br />

before it laid the egg.”<br />

Luca said, “My chickens lay a lot<br />

less eggs than a typical factory-farmed<br />

chicken. So, yes I charge 10 baht<br />

an egg, compared to maybe<br />

3.5 baht for a factory<br />

chicken, but the difference<br />

is in the<br />

quality<br />

and, of course, the more natural vitamins<br />

and minerals which are in the<br />

eggs from my farm.”<br />

While hens will lay eggs all year<br />

round, “provided it’s not too hot or too<br />

cold,” according to Luca, guinea fowl<br />

only lay their eggs between March and<br />

September, as do pheasants and turkeys.<br />

Apart from chickens and their eggs,<br />

non-diners can order rabbit, quail, pigs<br />

and almost<br />

any product from the other creatures<br />

that Luca has on his farm. All<br />

of which gives you the opportunity to<br />

‘bring home the bacon’ as it were and<br />

dine Toscana-style in the comfort of<br />

your own home.<br />

And customers of the Toscana<br />

Italian restaurant who are already<br />

aware of the vast selection of cheeses,<br />

homemade breads and desserts – all<br />

of which are made fresh every day at<br />

Toscana from natural ingredients – will<br />

want to add their own favourites to that<br />

‘shopping basket’,<br />

Simply drop in to Toscana or contact<br />

Luca by way of the website and<br />

ask about the products you’re interested<br />

in trying. You’ll be glad you did.<br />

which are<br />

made fresh every day at Toscana<br />

from natural ingredients – will want to<br />

add their<br />

own favourites to that ‘shopping<br />

basket’,<br />

Simply drop in to Toscana or contact<br />

Luca by way of the website and ask<br />

about<br />

the products you’re interested in trying.<br />

You’ll be glad you did.<br />

The Moom Talay Thai<br />

Restaurant and<br />

Trattoria Pizzeria<br />

TOSCANA Restaurant<br />

are located on Beach Road, <strong>Pattaya</strong><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


BUSINESS SUPPLEMENT<br />

THE MAGIC OF<br />

NONG PLA LAI<br />

- THE HOME OF<br />

VILLA ASIATIC<br />

If you want to get away from it all and live<br />

in peaceful surroundings, but yet still enjoy<br />

everything that <strong>Pattaya</strong> has to offer, then<br />

Nong Pla Lai is a great place to live.<br />

Nong Pla Lai is a district that is situated<br />

to the north east of <strong>Pattaya</strong> city. At its western<br />

tip it is within 1km of the coast and runs<br />

parallel with the main Sukhumvit road that<br />

stretches northwards from Naklua.<br />

It is in this part of Nong Pla Lai, that Villa<br />

Asiatic can be found, a special development<br />

of outstanding villas and townhouses.<br />

Residents are very happy to have all the<br />

hustle and bustle of <strong>Pattaya</strong> a stone's throw<br />

away, but not on their doorstep. Nong Pla Lai<br />

doesn’t boast itself as a tourist zone, so you<br />

wont find huge condos, large hotels, noisy<br />

bars and traffic congestion here. Instead it<br />

is a tranquil area that straddles the end of<br />

highway 36 on both sides and is close to the<br />

<strong>Pattaya</strong> end of the motorway that joins <strong>Pattaya</strong><br />

with Bangkok.<br />

As such, travel is very easy since there is<br />

a link road to the main expressway enabling<br />

quick access to the rest of the Eastern corridor,<br />

both north to Laem Chabang, Sri Ratcha<br />

and Chonburi, and south to Sattahip and<br />

Rayong. The main Bangkok <strong>Pattaya</strong> hospital<br />

is just 7km away and there is easy access to<br />

Naklua Beach and North <strong>Pattaya</strong>.<br />

Within the district, residents are well catered<br />

for. There are a number of local shopping<br />

destinations such as Mini Big C and<br />

Lotus Express as well as a choice of great<br />

fresh markets.<br />

A range of International schools are also<br />

located in the vicinity including the very well<br />

regarded Regents International School, the<br />

International School of Chonburi, Ban Santikham<br />

Schooland the Maryvit School <strong>Pattaya</strong>,<br />

making Nong Pla Lai an ideal place for<br />

family living.<br />

For coffee shop lovers, Bianco Coffee<br />

and Bakery is located just 2 minutes away<br />

from Villa Asiatic and serves great fresh coffee<br />

and a range of delicious cakes.<br />

There are a number of restaurants in<br />

Nong Pla Lai including Krua Ban Pa Boon<br />

2, a popular Thai restaurant, which is set<br />

around an artificial lake and serves delicious<br />

Thai food.Tangke Seafood restaurant is also<br />

a stones throw away as is Tong Dee Seafood<br />

restaurant and Café, which boasts a great<br />

menu as well as a wide range of cakes and<br />

deserts.<br />

Along the coast, within 10 minutes travel<br />

time from Villa Asiatic, is the Café De Beach<br />

restaurant and bar which is nestled right on<br />

the beach front with panoramic views of the<br />

ocean. As well, you can also take advantage<br />

of dining options at the Cholchan <strong>Pattaya</strong><br />

beach resort just nearby, which is a landmark<br />

in itself, also located on the seafront.<br />

Other family attractions in the area include<br />

the ice sculpture wonderland called<br />

the Frost Magical Ice of Siam, the famous<br />

Million years Stone Park and <strong>Pattaya</strong> crocodile<br />

farm, The Big Bee Farm and the <strong>Pattaya</strong><br />

Sheep farm. Also worth a mention is<br />

the nearby Monster World and Aquarium,<br />

a huge place featuring an overhead walkthrough<br />

aquarium with sharks and big fish<br />

and another six outside zones, showcasing<br />

rare ponies, rabbits, tortoises and exotic parrots,<br />

amongst plenty of other animals - great<br />

for kids.<br />

For golfers, Siam Country Club is only<br />

around 15 minutes away providing seasoned<br />

players and beginners alike with a great local<br />

golf course that is internationally renowned.<br />

Since there is virtually no traffic congestion<br />

in the area it is easy to reach places of<br />

interest. This is great since it<br />

means that you are not affected by the high<br />

season that afflicts <strong>Pattaya</strong> city, where traffic<br />

can grind to a halt and make getting around<br />

difficult. Nong Pla Lai really is a<br />

hidden treasure.<br />

Villa Asiatic is set in an oasis of peacefulness<br />

and calm. You can choose from<br />

several different types of villa layout and<br />

you can then customize the property to your<br />

own liking. On site there is a beautiful swimming<br />

pool, a natural large green park, a fully<br />

equipped gym, a children’s playground and<br />

a sun deck.<br />

More info about Villa Asiatic can be<br />

found at their website: http://www.villaasiatic.com<br />

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

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


BUSINESS SUPPLEMENT<br />

LUXURY LIVING AT AFFORDABLE PRICES<br />

READY<br />

TO MOVE IN<br />

www.villaasiatic.com<br />

Contact Info<br />

Tel: 090-226-4287 (EN) 063-382-1881 (TH)<br />

info@villaasiatic.com<br />

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

Facebook: VILLA ASIATIC<br />

by Fed Property Co.Ltd<br />

Railway Bypass, Moo 7, Nongplalai,<br />

Banglamung, Chonburi 20150<br />

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT<br />

FOREIGN CURRENCY UPDATE<br />

TheU.S. Dollar gained ground<br />

even as the Federal Reserve re-iterated<br />

it had no plans to raise rates.<br />

However news that if could react either<br />

way as data came in supported<br />

the greenback. The DXY index, (an<br />

index that measures the U.S. Dollar’s<br />

value against a range<br />

of major currencies), rose<br />

slightly from 96.40 to 96.96<br />

after hitting a high of 97.42.<br />

Against the Thai Baht, the<br />

U.S. Dollar also rose by the<br />

same amount indicating<br />

that the Thai Baht has been<br />

relatively steady for the last<br />

month or so. The USD/THB<br />

rate moved from 31.61 to<br />

31.77.<br />

Where the British<br />

Pound is concerned, exhaustion<br />

appears to have<br />

settled in with a further Brexit delay<br />

keeping many to the sidelines.<br />

The Pound has remained broadly<br />

in the range of 1.2950 to 1.3150 to<br />

the US Dollar with the boundaries<br />

narrowing slightly. Dips towards<br />

1.2940 have been recently bought<br />

up, bringing the currency back into<br />

the range. Worth pointing out is that<br />

a flat market is one where there<br />

are an equal number of buyers and<br />

sellers and so there is really maximum<br />

disagreement about future<br />

direction of the currency. As such, a<br />

breakout in either direction could be<br />

quite sharp. Against the Thai Baht,<br />

the pound reached a high of<br />

41.91 but has mainly been flat at<br />

around 41.50 for most of the last<br />

month.<br />

The U.S. Dollar vs. Japanese<br />

Yen cross-rate has seen a little<br />

more volatility than other currency<br />

pairs, with trade reaching a low<br />

of 109.84 before rebounding to<br />

112.06. Most of this move can be<br />

attributable to the Yen itself, with its<br />

safe haven status unwinding in the<br />

face of a stronger than expected<br />

U.S. earnings season. Against the<br />

Thai Baht, the Yen rose very slightly<br />

from 0.2815 to 0.2868 only to then<br />

settle back to 0.2815.<br />

The Russian Ruble moved from<br />

63.80 to 65.60 to the US Dollar, and<br />

then reversed course to return to<br />

the 64.00 handle. This move shows<br />

a slightly increased level of volatility<br />

but it is still muted compared to the<br />

Russian currency’s medium term<br />

movements. Against the Thai baht<br />

the Ruble strengthened slightly<br />

from 0.491 to 0.498 after dropping<br />

to a low of 0.476.<br />

The Euro vs. the U.S. Dollar<br />

cross-rate saw a high of<br />

1.1410 and a low of a 1.1195,<br />

however it settled in the middle<br />

of the range at 1.1306.<br />

Continuation of European<br />

Central Bank stimulus and a<br />

dovish stance from ECB President<br />

Mario Draghi did little to<br />

move the currency, with most<br />

of the news already baked<br />

in. Less volatility was seen<br />

against the Thai Baht with<br />

the rate moving from 35.84 to<br />

35.59 and then back to 35.87.<br />

Read Online At<br />

www.thailand-business-supplement.com<br />

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

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


SINGAPORE'S “JEWEL”<br />

COMPLEX AT CHANGI<br />

AIRPORT OPENS<br />

BUSINESS SUPPLEMENT<br />

ASIA BUSINESS ROUND-UP<br />

EU-VIETNAM FTA<br />

COMES INTO FORCE<br />

LATER THIS YEAR<br />

Having negotiated a Free Trade<br />

Agreement with the EU over a period<br />

of 3 years, and signing a bilateral<br />

agreement in Dec 2015, Vietnam is<br />

poised to reap the benefits from the<br />

of the tariffs will be reduced immediately<br />

once the EVFTA is effective,<br />

with the rest reduced over a period of<br />

seven to ten years.<br />

Jean-Claude Juncker, President<br />

of the European Commission, was<br />

quoted as saying, “The trade and investment<br />

agreements with Vietnam<br />

SOUTH KOREA’S<br />

SECOND LARGEST<br />

AIRLINE TO SELL STAKE<br />

If you have traveled to Singapore<br />

recently then you may well have noticed<br />

a lot of construction work going<br />

on at a huge site near to the airport<br />

terminals. Well, the construction is<br />

complete and the airport operators<br />

have unveiled a new mega mall complex<br />

called “The Jewel Changi Airport”.<br />

The building covers 135,700<br />

square meters over 10 stories and<br />

cost some S$2.3 billion. Within the<br />

complex there are 280 restaurants,<br />

gourmet food outlets and retail shops.<br />

The interior has been designed<br />

with nature in mind and includes a<br />

rain forest and the largest indoor waterfall<br />

in the world.<br />

The complex is connected to<br />

terminals 1, 2 and 3 and has been<br />

created with the aim of appealing to<br />

transit passengers.<br />

Sabrina Stefani, a visitor who<br />

was able to see the new mall at a<br />

pre-opening event was quoted as<br />

saying, “Singapore is always trying<br />

to be in the forefront of technology<br />

and has its own definition for airports.<br />

This is not just an airport but is really<br />

like a masterpiece in architecture,<br />

and in greenery and landscape.”<br />

While bar charts, line graphs and<br />

simple numbers are hardly capable of<br />

providing the defining answer to many<br />

economic, social and political questions,<br />

they are certainly a good way<br />

of obtaining a general overview of any<br />

particular subject.<br />

Each month the Business Supplement<br />

will look into a brace of statistical<br />

information and provide readers with<br />

what we consider to be the central elements<br />

of these figures.<br />

MOST OF THE WORLD’S<br />

TOP 20 BUSIEST<br />

SHIPPING PORTS<br />

ARE IN ASIA<br />

Certainly some interesting facts<br />

emerge when it comes to looking at<br />

shipping ports across the world. They<br />

are of course the lifeblood of international<br />

trade with more than 90 per cent<br />

of all products in the world at some<br />

point having travelled by sea.<br />

Shipping volumes are enormous<br />

and growing fast. One standard measurement<br />

is the TEU, which stands for<br />

“Twenty-foot or Equivalent Unit”, i.e. a<br />

standard shipping container. A 40-foot<br />

container, also ubiquitous these days,<br />

is equivalent to 2 TEUs.<br />

Trade amongst the top 50 ports has<br />

increased nearly 8 per cent in the last<br />

4 years with 5.86 million TEUs being<br />

shipped worldwide.<br />

Yet it is data on the top 20 ports<br />

that make for some interesting reading.<br />

Only 3 are in Europe and only one is in<br />

the U.S. (Los Angeles). The rest are in<br />

pact as early as mid <strong>2019</strong>, once the<br />

deal is ratified.<br />

The EU-Vietnam free trade<br />

agreement (EVFTA) will see tariffs<br />

cut on 99 per cent of products coming<br />

into and out of Vietnam and could<br />

make Thailand’s exports less competitive,<br />

at least for a time. Around two-thirds<br />

JUST THE STATISTICS<br />

Asia with China taking a commanding<br />

lead.<br />

Top of the list is the port of Shanghai,<br />

which handled 37.1 million TEUs in<br />

2016, a 14 per cent increase from 2012<br />

numbers.<br />

Singapore is second on the list with<br />

30.9 Million TEU’s, but over the same<br />

period volumes have actually fallen<br />

very slightly by around 2 per cent.<br />

China has 8 ports in the top 20<br />

and 6 of these are in the top 10 including<br />

Shenzhen in 3rd place, Ningbo-Zhoushan<br />

in 4th place, Hong Kong<br />

in 6th place, Guangzhou harbour in 7th<br />

place and Qingdao in 8th position.<br />

are exemplary of Europe’s trade policy.<br />

They bring unprecedented advantages<br />

and benefits for European<br />

and Vietnamese companies, workers<br />

and consumers. They take fully into<br />

account the economic differences between<br />

the two sides.”<br />

Guangzhou and Ningbo-Zhoushan<br />

have seen a 28 per cent growth rate in<br />

the period with current volumes of 21.6<br />

million and 18.9 million TEUs respectively.<br />

The highest growth rate (34%)<br />

was also in China at Xiamen port where<br />

9.6 million TEUs were handled.<br />

Other ports in the top 20 in Asia (but<br />

not in China) include Port Klang in Malaysia,<br />

Busan in South Korea, Keihin in<br />

Japan, and Kaohsiung in Taiwan.<br />

INBOUND TOURISM<br />

NUMBERS GROWING<br />

STEADILY IN ASIA<br />

Tourism continues to grow in the<br />

Asia Pacific region with Thailand being<br />

just one of many countries enjoying a<br />

brisk uptick in tourist numbers.<br />

In South East Asia, from 2013 to<br />

The holding family of Asiana Airlines,<br />

South Korea’s second-largest<br />

airline, is to sell approximately a 33<br />

percent stake in the business in order<br />

to assuage creditors and enable the<br />

airline to raise much needed cash.<br />

Asiana has significant debt and<br />

creditors were demanding a cash infusion<br />

before considering increased<br />

lending facilities.<br />

The airline has a number of niche<br />

routes from South Korea including<br />

direct flights to Jakarta, Istanbul and<br />

Venice.<br />

The sale comes at a time when<br />

there is considerable scrutiny of large<br />

South Korean companies that are essentially<br />

closely held family interests.<br />

Read Online At<br />

www.thailand-business-supplement.com<br />

2017, Thailand lead the way in terms of<br />

both visitor numbers and money spent<br />

in the country. Some 35.6 million people<br />

visited the Kingdom in 2017, up from<br />

26.55 million 4 years earlier. Expenditure<br />

topped US$62.16 billion.<br />

Second on the list was Malaysia<br />

with 25.83 million visitors spending<br />

US$18.35 billion.<br />

Singapore was a close third in terms<br />

of visitor numbers with 19.23 million visitors<br />

in 2017, however their spending hit<br />

US$19.71 billion.<br />

Indonesia saw more than twice the<br />

number of visitors than the Philippines<br />

did with the two countries receiving<br />

14.04 million tourists and 7.13 million<br />

tourists respectively in 2017. In Indonesia<br />

they spent collectively US$10.3<br />

billion whilst in the Philippines the total<br />

was US$8.35 billion, indicating the<br />

amount per head was higher.<br />

In the next 5 years, Asia Pacific<br />

inbound tourist numbers are expected<br />

to rise by another 5.5 per cent, with<br />

Vietnam, Laos and Papua New Guinea<br />

seeing much higher rises of 14 percent,<br />

12.3 per cent and 12.7 per cent respectively.<br />

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

www.Thailand-Business-Supplement.com


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 />

3 9<br />

7<br />

6<br />

3<br />

7 6<br />

9 4<br />

1 5<br />

4<br />

9<br />

4 6<br />

3 7<br />

4 9<br />

6 7<br />

3<br />

2<br />

3 2<br />

5<br />

4 5<br />

1<br />

2 6<br />

4 7<br />

8 3<br />

9<br />

5<br />

1<br />

6 2<br />

4<br />

3 7 1<br />

9 2<br />

8<br />

2<br />

4<br />

9<br />

8<br />

3 4<br />

5 2<br />

2<br />

1 6<br />

6<br />

3<br />

3 2<br />

6 7<br />

7 4<br />

7 6 8<br />

5 9 1<br />

2 3 4<br />

8 1 2<br />

6 7 3<br />

9 4 5<br />

3 8 9<br />

1 5 6<br />

4 2 7<br />

7 3 6<br />

9 8 4<br />

2 5 1<br />

3 6 2<br />

5 1 7<br />

8 4 9<br />

1 7 5<br />

6 9 8<br />

4 2 3<br />

4 1 3<br />

7 2 8<br />

5 6 9<br />

9 4 5<br />

2 8 1<br />

6 3 7<br />

1 7 4<br />

8 9 2<br />

3 5 6<br />

9 2 5<br />

1 7 6<br />

3 8 4<br />

8 5 1<br />

2 4 9<br />

7 6 3<br />

6 3 2<br />

4 1 7<br />

5 9 8<br />

5 9 2<br />

3 4 6<br />

1 7 8<br />

7 6 3<br />

9 5 4<br />

2 8 1<br />

6 2 5<br />

4 3 7<br />

8 1 9<br />

1 4 8<br />

5 3 2<br />

6 7 9<br />

4 9 7<br />

8 6 3<br />

2 5 1<br />

9 8 4<br />

3 2 5<br />

7 1 6<br />

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

ACROSS<br />

1/ Musician (9)<br />

5/ Polo sticks (7)<br />

8/ Seed (3)<br />

9/ Demolish (7)<br />

12/ Responses (7)<br />

CROSSWORD<br />

DOWN<br />

1/ Third sign of the Zodiac (6)<br />

2/ Cover (5)<br />

3/ Rodent (3)<br />

4/ Dullness (6)<br />

6/ Strong tree (3)<br />

7/ Mariners (7)<br />

10/ Express Mail Service (init) (3)<br />

11/ First name US baseball player Cobb (3)<br />

TRIVIA Quiz<br />

1. In which country would you find Mount Sinai?<br />

2. How many countries and principalities share a border with France.<br />

3. Which sign of the zodiac would you be if your birthday was on the 18th<br />

October?<br />

4. Which European country had three kings named Leopold who reigned<br />

for the majority of the years between 1831 and 1951?<br />

5. Of what is semiotics the study?<br />

1 2 3 4<br />

5 6<br />

7<br />

6<br />

6. In a standard UK Monopoly game, the green set consists of Bond Street,<br />

Regent Street and which other?<br />

7. Which birthstone is associated with the month of <strong>May</strong>?<br />

8. Which country has the internet domain extension .hu?<br />

9. What does UNESCO stand for?<br />

10. Which measurement of speed is equivalent to one nautical mile<br />

per hour?<br />

8<br />

9<br />

11<br />

12<br />

9<br />

10 11<br />

1. Egypt 2. 8 (Belgium, Luxembourg, Germany, Switzerland, Italy, Monaco, Andorra and<br />

Spain) 3. Libra 4. Belgium 5. Signs and symbols 6. Oxford Street 7. Emerald 8. Hungary 9.<br />

United Nations Educational, Scientific and Cultural Organisation 10. Knot<br />

Answers:<br />

12<br />

CROSSWORD ANSWERS<br />

ACROSS 1/ Guitarist 5/ Mallets 8/ Nut 9/ Destroy 12/ Answers<br />

DOWN 1/ Gemini 2/ Intel 3/ Rat 4/ Tedium 6/ Elm 7/ Sailors 10 EMS 11 tye<br />

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*The <strong>Pattaya</strong> & 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


BUSINESS SUPPLEMENT<br />

THE BENEFITS OF JOINT REPLACEMENT<br />

Fact: The largest increase in joint replacement in<br />

recent years has occurred in patients below the<br />

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treatment for hips and knees that are worn<br />

out or diseased. People who undergo this surgery<br />

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and without pain. Research also shows that<br />

knee replacement surgery has 95 % success rate<br />

in most patients.<br />

Joint Replacement Benefits<br />

If a knee or hip joint is painful and restricting<br />

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surgery. You'd be in good company:<br />

Every year, more than a million Americans have<br />

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surgery is usually a last-option choice.<br />

“You should try everything else first, including<br />

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life. If the answer is yes, it’s time to talk about surgery.”<br />

Recent research suggests there are more<br />

long-term benefits from joint replacement surgery<br />

than just removal of pain and increased mobility<br />

and that’s worth considering when pondering your<br />

decision because 95 percent of hip replacements<br />

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For instance, researchers have found that<br />

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have the surgery. The findings come from a study<br />

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A study presented at the previous year found<br />

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depression, and diabetes in people with osteoarthritis<br />

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of life improves."<br />

Package price 370,000 Baht (includes 5 day<br />

stay in hospital)<br />

Dr. Mungkorn Teeyaphudit is an orthopedic<br />

surgeon at Phyathai Sriracha Hospital with more<br />

than 15 years experience specializing in both<br />

knee and hip joint replacement surgery. If you<br />

would like to make an appointment for a consultation<br />

with Dr. Mungkorn or if you should need any<br />

more information then<br />

contact no: 089 – 7500293 or<br />

email: gavin@phyathai.com<br />

www.phyathai-sriracha.com<br />

Gavin Waddell<br />

Phyathai Sriracha<br />

Hospital<br />

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

www.Thailand-Business-Supplement.com


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