Pattaya January 2020
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January 2020
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BUST!!
Or how the Property Market
in Pattaya is not!
Cover Story Overleaf
INSIDE THIS ISSUE:
- Pattaya 15th Most Visited City in the World
- Thailand Business News
- Around the Asian Region
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BUSINESS SUPPLEMENT
BUST!!
Or how the Property Market
in Pattaya is not
Greetings all.
So what is going on with the property
market in Pattaya?
Well if you listen to the doomsayers then
you would be forgiven for thinking that there
is no hope and often the same people also
make the same predictions that Pattaya will
die a death as a resort and we all should flee.
Their motivations for saying this vary,
many just tend to be form this opinion on
how busy their local bar is and rarely venture
out, or maybe they just think “it isn’t as
good as it used to be” when actually 1st timers
coming here now are having as much fun
as we all did when we 1st came be it 5,10,20
years ago. Plus of course no matter where
you are in the world familiarity does tend to
cloud perception- that young enthusiasm dissipates
with age and a certain “Bah, humbug”
attitude starts to take hold- especially in a
tourist resort such as Pattaya.
Many though have little understanding of
the reality of the situation with most even being
totally unaware of the EEC (Eastern Economic
Corridor), the billions invested in infrastructure,
and the huge growth in industrial
and commercial output in the province- and
Pattaya is essential to this.
Now I’m not saying things are great at
the moment, far from it, with the baht being
so strong plus rules and regulations having
a negative impact on people holidaying and
residing here, demand has most definitely
dropped, but the underlying trend is most
definitely expansion- it’s just as that expansion
happens, the more traditional entertainment
revenue streams form a smaller and
smaller % of the total part of the business in
Pattaya.
Here’s the thing though, with decades
being in the tourist industry I do know that
if resorts do not change they go backwards
and really do start to become ghost townshaving
seen it so often before, but the good
news is Pattaya is a changing. Some may not
like the changes but do not fret, what Pattaya
is famous for shall still remain.
So how does all this affect the property
market?
The answer is…..in many ways, and it
has created a bit of uncertainty that is for
sure, but with the ever expanding commercial
area in the province with hundreds of
thousands of jobs created, with tourists being
less and less wedded to “package” holidays,
easier and quicker access to Pattaya, and so
many other factors (didn’t even mention the
airport), the future is actually really positive
for the property market.
But what do you do when acquaintances
are around talking the market down but you
want an income stream in Thailand but don’t
know what to buy?
Well we have an answer for you from the
highly successful Tudor Group- property investment
that is easy and has great security
with a 10% return.
Now if 10% pa sounds great… but too
good to be true, you would of course be correct-
it would be virtually impossible to buy a
property 100% and get a 10% return with the
rental market averaging 4-5% before costs,
so how can they do it?
Easy- they do it by only allowing you to
pay 20% deposit on the property and they
pay you 10% per annum return on that deposit.
By only paying one fifth of the total
price 10% obviously becomes very easy to
do.
Secondly, your capital investment is secured
on said property and at the end of your
5 year trial you will have your original 20%
returned BUT you will also have a choice to
buy the remainder of the property at today’s
price- a bonus if property values go up!
Now the clear benefits are the rate of 10%
and also that you are no longer affected by
any drop in property value or rental demand
so in many ways it is actually better than buying
property.
Now of course this is only a basic explanation
so if you want to know more then
you can call Mark on 0853952021 and he’ll
be happy to chat and explain it or email him
on mark@cubepattaya.com. To give you a
rough idea you’ll be looking at an investment
amount of at least 1.3mb to start.
Well I hope you’ve enjoyed this and maybe
it has even helped you, so until next timestay
happy.
High Tower Co., Ltd. Tel: 038 411 009 For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
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Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
CLUB QUARTERS, THE
RENTAL INVESTMENT TWO
STEPS AWAY FROM THE
BEACH OF BANG SARAY!
Discover Club Quarters, a new
investment opportunity in Bang
Saray! A superb residence with an
ideal location and superb investment
conditions including an 8% rental
guarantee per year, read more below!
Bang Saray, a perfect neighborhood
to invest in the property market
Bang Saray is above all a pleasant
neighborhood where calm and
tranquility reign and where sea and
mountains marry perfectly to offer
one of the most beautiful surroundings
in the region.
Bang Saray is also a lively neighborhood
where you can find numerous
activities for all ages and tastes;
from relaxing on the beach to visiting
a vineyard or going on a boat trips
or an excellent meal by the sea, you
will never get bored!
On the economic front, Bang
Saray is THE next sector to experience
strong growth in the Pattaya
area thanks to its ideal position on
the Eastern Economic Corridor, allowing
future buyers to take full advantage
of the strong development
of the area and offering the investors
the opportunity to acquire a highend
property, on a prime location,
and offering excellent rental income
or capital gains opportunities. It is
for these reasons that Club Quarters
is located in the heart of Bang Saray,
just 2 minutes from the city center, 5
minutes from the beach, 20 minutes
from Pattaya airport and the future
high speed train line currently under
construction, 30 minutes from downtown
Pattaya; or just a few hundred
meters from the Sukhumvit Road,
or various current and future highways
connecting major cities around
(Bangkok, Rayong, etc.).
Club Quarters: concept and features
General information:
● Type of residence: condominium
● Ownership: freehold
● Location: Bang Saray
● Land size: 3,200 m2
● Construction dates: 2019 - 2022
● Building: 1
● Floors: 5
● Number of apartments: 88
● Types of apartment: studio, tworoom,
two-bedroom
5-star services and facilities:
● Infinity pool 25 meters long with
juice bar and lounge
● Fully equipped gym
● Shuttle service
● 24/7 concierge service
● Library
● Yoga room
● Parking with valet
● 24/7 security service with guards,
CCTV and key-cards
● And much more!
Club Quarters and its great investment
conditions!
As you can see, Club Quarters
is an ideal product to invest in the
land of smiles, the developer offers
a great flexibility with no less than
3 possibilities to invest in the residence!
1. Spread your payments over
the entire construction period and
receive a rental guarantee of 8%
per year for 3 years from the end of
construction while being able to use
your apartment two weeks per year.
After 3 years you can choose to get
the apartment back or to leave the
management to the developer!
2. You have the funds and do
not want to wait until the end of the
construction to start generating incomes?
No problem, the promoter
offers you the opportunity to make
a full payment at the signing of the
contract and immediately benefit
from a 8% cash-back per year during
construction! At the end of construction,
you will have the choice between
leaving the management of
your apartment to the developer or
your real estate agent, or to live in
the apartment!
3. You want to buy an apartment
for yourself and want to spread your
payments over the duration of the
construction? No problem, it is also
possible!
These excellent investment conditions
and flexibility combined with
the excellent settings offered by the
area and the fact that the number
of apartments in the neighborhood
is still very limited, while demand
is constantly increasing; make Club
Quarters a great program in which to
make a turnkey investment.
A variety of apartments for all
tastes
● Studios (25.20 sqm)
● One-bedrooms (from 51.00 to
63.00 sqm)
● Two-bedrooms (from 76.50 to
103.40 sqm)
As you can notice, the apartments
are more spacious than in
most new residences across the
country! Which makes Club Quarters,
in addition to an excellent investment
product, a residence that is
also ideal for acquiring a primary or
second home! As good news never
comes alone, all apartments are sold
fully furnished and equipped with a
smart home system!
Do not wait and ask for more
information about this great opportunity:
- pattaya@companyvauban.com
- +66(0) 38 251 729
Do not forget to mention you saw
us in the Business Supplement!
High Tower Co., Ltd. Tel: 038 411 009 For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
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Tel: 038 251 729
Email: pattaya@companyvauban.com
Bangkok Office:
Trendy Office Building, unit10/36 Soi Sukhumvit 13,
Sukhumvit road. Klongtoey Noey, Wattana 10110 Bangkok
Tel: 02 168 7047
Email: bangkok@companyvauban.com
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
“Bits n Bytes”
STEVE DICKENS
THE 5 BIGGEST
TECHNOLOGY TRENDS IN 2020
Technology advances still grow at an
ever increasing rate, so what are the
major trends to look out for in 2020?
Al-as-a-service
Artificial Intelligence (AI) is one of
the most transformative tech evolutions
of our times and most companies have
started to explore how they can use AI
to improve the customer experience
and to streamline their business operations.
This will continue in 2020, and
while people will increasingly become
used to working alongside Als, designing
and deploying our own Al-based
systems will remain an expensive proposition
for most businesses,
For this reason, much of the AI
applications will continue to be done
through providers of as-aservice platforms,
which allow us to simply feed in
our own data and pay for the algorithms
or compute resources as we use them.
Currently, these platforms, provided
by the likes of Amazon, Google,
and Microsoft, tend to be somewhat
broad in scope, with (often expensive)
custom-engineering required to apply
them to the specific tasks an organization
may require. During 2020, we
will see wider adoption and a growing
pool of providers that are likely to start
offering more tailored applications
and services for specific or specialized
tasks.
5G data networks
The 5th generation of mobile internet
connectivity is going to give
us super-fast download and upload
speeds as well as more stable connections.
While 5G mobile data networks
became available for the first time in
2019, they were mostly still expensive
and limited to functioning in confined
areas or major cities. 2020 is likely to
be the year when 5G really starts to fly,
with more affordable data plans as well
as greatly improved coverage, meaning
that everyone can join in the fun.
Super-fast data networks will not
only give us the ability to stream movies
and music at higher quality when we're
on the move. The greatly increased
speeds mean that mobile networks will
become more usable even than the
wired networks running into our homes
and businesses with huge implications
for the internet of things'.
Autonomous Driving
While we still aren't at the stage
where we can expect to routinely travel
in, or even see, autonomous vehicles in
2020, they will undoubtedly continue to
generate a significant amount of excitement.
Tesla chief Elon Musk has said he
expects his company to create a truly
"complete" autonomous vehicle by this
year, and the number of vehicles capable
of operating with a lesser degree of
autonomy - such as automated
braking and lane-changing - will become
an increasingly common sight.
In addition to this, other in-car systems
not directly connected to driving, such
as security and entertainment functions
- will become increasingly automated
and reliant on data capture and analytics
It won't just be cars, of course -
trucking and shipping are becoming
more autonomous, and breakthroughs
in this space are likely to continue to hit
the headlines throughout 2020.
Personalized and predictive medicine
Technology is currently transforming
healthcare at an unprecedented
rate. Our ability to capture data from
wearable devices such as smartwatches
will give us the ability to increasingly
predict and treat health issues in people
even before they experience any
symptoms.
When it comes to treatment, we
will see much more personalized approaches.
Thanks to recent breakthroughs
in technology, especially in the fields
of genomics and Al, it is giving us a
greater understanding of how different
people's bodies are better or worse
equipped to fight off specific diseases,
as well as how they are likely to react
to different types of medication or treatment,
so expect new applications of
predictive healthcare and the introduction
of more personalized and effective
treatments to ensure better outcomes
for individual patients.
Computer Vision
In computer terms, "vision" involves
systems that are able to identify
items, places, objects or people
from visual images - those collected
by a camera or sensor. It's this
technology that allows your smartphone
camera to recognize which
part of the image it's capturing is a
face, and powers technology such
as Google Image Search.
As we move through 2020,
we're going to see computer vision
equipped tools and technology
rolled out for an ever-increasing
number of uses. It's fundamental to
the way autonomous cars will "see"
and navigate their way around danger.
Production lines will employ
computer vision cameras to watch
for defective products or equipment
failures, and security cameras will
be able to alert us to anything out of
the ordinary, without requiring 24/7
monitoring.
Computer vision is also enabling
face recognition, which we will hear
a lot about in 2020. However, as the
use of facial recognition will grow
in 2020, we will also have more debates
about limiting the use of this
technology because of its potential
to erode privacy and enable 'Big
Brother'-like state control.
Steve Dickens
has worked in managerial and consultancy roles for over 40 years
with international technology companies, 15 of which have been here
in Thailand. He can be contacted at stevedickens@hotmail.com
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High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
Try before you buy!
Get yourself on the property
ladder and earn as you learn
.......................................
Pay down 20% with nothing
more to pay for 5 years
.......................................
Receive 10% rental return
on what you’ve paid
.......................................
End of the 5 year term.
If you like it, buy it.
If you don’t, then sell it back
.......................................
Finance available
Pratumnak,
Soi 2,
Pattaya
Property trials start at
770,000 Baht ($25,000 USD)
returning 385,000 Baht
($12,500 USD) in 5 years
FOR FULL DETAILS ON THIS PROMOTION CONTACT : 085-395-2021
E-MAIL : info@tudorgroupthailand.com
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
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(Ref,: Thailand Business Supplement)
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
While bar charts, line graphs and
simple numbers are hardly capable
of providing the defining answer to
many economic, social and political
questions, they are certainly a good
way of obtaining a general overview
of any particular subject.
Each month the Business Supplement
will look into a brace of statistical
information and provide readers
with what we consider to be the central
elements of these figures.
WAGES ACROSS
ASIA VARY WIDELY
The World Bank recent released
statistics on salary levels across the
Asia Pacific region. Salaries are considered
to be remuneration that is not
performance based and that is as part
of a contract of employment. Wages
across Asia vary by large amounts.
The lowest average wages
(where data was available) are to be
found in the Philippines where salary
levels are on average only US$288
per month. Salaried workers there
make up around 62.7 per cent of all
employees.
Indonesian workers were not
much better off with average wages
standing at US$331 per month after
tax. Only 49.9 per cent of workers
in Indonesia are considered salaried
BUSINESS SUPPLEMENT
JUST THE STATISTICS
workers. Vietnam, India and Thailand
round off the bottom five places
where data was available with workers
earning US$388, US$433 and
US$629 per month respectively. Data
for Laos, Myanmar, Cambodia and
Brunei was not available.
Chinese workers made approximately
US$875 per month.
At the top end of the range, workers
in Singapore earned an average
of US$3,301, Australians earned an
average of US$3,013, Hong Kong
workers took home an average of
US$2,545, and those in Japan and
South Korea took home slightly less
at US$2,545 and US$2,240 in that
order.
RISING TALENT IN
ASIA PACIFIC
How much talent each country retains
has been an insightful metric for
companies looking to expand in Asia
and across the world.
The IMD World Talent Rankings
is based on 32 criteria in 3 subsectors,
namely the competitiveness of
each country in terms of ‘Readiness’,
‘Appeal’ and ‘Investment and Development’.
It is used by companies to
gauge future attraction and retention
of talented individuals.
Singapore scored top place in
Asia and 10th in the global rankings
with an overall score of 81.8. Hong
Kong came in a close second in Asia
at 78.14. Both countries were three
places up on the previous years index.
Australia, New Zealand and Taiwan
rounded off the top five Asian
countries with scores of 76.41, 75.57
and 71.56 respectively.
Taiwan jumped seven places
since last year and New Zealand
moved up three places.
Thailand was in 12th place in
Asia and 41st worldwide with a score
of 53.84. Elsewhere in Asia, Japan
scored 61.59 but lost six places,
whilst South Korea maintained last
year’s position with a score of 62.54
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
FOREIGN CURRENCY UPDATE
The U.S. Dollar fell in value
gradually throughout the last
month and on this occasion did not
bounce back as has been seen on
previous occasions. The DXYDollar
index, an index that measures
the U.S. Dollar’s value against a
basket of major currencies, fell
from 98.40 to 97.18, a move of
nearly 1.5 per cent. Against the
Thai baht, the rate moved from
30.26 to 30.18, showing that the
Thai currency also weakenedslightly
along with the dollar, since
the cross rate remained relatively
stable.
The Poundmoved out of its
range of 1.2750 to 1.2950 against
the U.S. Dollar and held above the
1.3000 mark on hopes of a meaningful
election result. After the
conservative party victory in the
UK, and with a hung parliament
now not in contention anymore,
the pound rallied to hit 1.3515 at
its high, falling back to 1.3192.
Brexit still lies ahead, however the
key date is no longer at the end
of January but at the end of 2020,
when a possible hard Brexit could
still loom if no trade agreement is
reached during the transition period.
Currency markets are already
looking ahead to that time. Against
the Thai Baht, the Pound moved
from 39.05 up to 40.68, before
dropping back slightly to 40.04.
For those who have been patiently
waiting for a rebound in the Pound,
it is notable that it has moved up
nearly 12 percent in just 3 months,
albeit off of very low levels.
The U.S. Dollar vs. Japanese
Yencross rate was choppy but in
the end resolved to be weaker.
The yen moved from 108.60 to
109.61, a generally moderate
move for the pair, especially given
that global stock markets
have been rising strongly and the
Yen usually weakens more than
this during such periods of time
as it loses its safe-haven position.
Of note is that the US. Dollar also
weakened so the Yen softness is
in addition to that. Against the Thai
Baht, the Yen fell from 0.2757 to
0.2736.
The Russian Ruble strengthened
from 63.68 to 62.88 against
the U.S. Dollar, which is still a
moderate move by recent historical
standards. Most of the move
was dollar driven and so the Ruble
was more a beneficiary of Dollar
weakness rather than a pillar
of real strength. Against the Thai
Baht the Rublegained very slightly
moving from0.4750 to 0.4800
The Euro / U.S. Dollar exchange
rate rose from 1.1059
to 1.1119 after hitting a high of
1.1188. Again the move is synonymous
with the move in the Dollars
value, though there may have
been some Brexit contagion in the
mix also, especially when looking
at the spike immediately after the
UK election result. The ECB continues
to keep interest rates significantly
in negative territory, but
new direction may come as ECB
chief Mario Draghi hands over the
reigns to his successor. Against
the Thai Baht, The Euro moved
slightly higher from 33.39 to 33.54
FOREIGN CURRENCY UPDATE
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For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
PATTAYA RANKED AS THE 15TH
MOST POPULAR CITY IN THE WORLD
Ranked along the likes of London,
Paris and New York, Pattaya
has clinched the 15th position worldwide
in the Mastercard Global Destination
Cities Index (GDCI), which
measures the popularity of major
world destinations by assessing the
numbers of international overnight
visitors in over 200 cities.
Indeed Thailand was the only
country to have three destinations
amongst the top 20 rankings in the
index. Bangkok took the top spot for
the fourth year in a row whilst Phuket
came in 14th position.
In second place globally was
Paris, followed by London, and then
Dubai and Singapore secured forth
and fifth positions respectively.
Pattaya has long been a popular
resort and the number of visitors to
the famous city by the sea continues
to grow, despite facing challenges.
Key amongst them is the fact that
European and British visitors to Pattaya
are declining, but the deficit has
been more than made up when considering
growth in Chinese, Indian,
and other Asian visitors. This is also
true for Thailand as a whole.
That said, visitors from Germany
made up the highest numbers when
it came to island destinations such
as Koh Samui, Koh Phangan, Koh
Chang and Koh Tao. Visitor numbers
to Koh Phangan were growing at a
faster rate then other islands.
In Pattaya, hoteliers and other
service providers are gearing themselves
up to receive more Asian
visitors than ever before. The time
when European tourists made up
the bulk of Pattaya’s visitors and expats
has largely ended, partly due to
demographics, partly due to currency
fluctuations and partly due to the
increasing mobility of Chinese, Japanese,
Korean and Indian visitors.
Europe only accounted for around
16.1 per cent of visitors to Thailand
and this included Russia also. Russian
tourists did flock to Pattaya but
since the Ruble devaluation a couple
of years ago, their numbers have
dwindled.
The increasing net worth of Asian
travellers has allowed them to have
both the time and money to come to
Pattaya, but the city will likely have
to continue to adapt to the new mix
of tourists.
China has become the fastest
growing and now the largest inbound
tourist market for Thailand including
Pattaya.
Yet there are many developments
in the works to increase the
attractiveness of Pattaya to visitors
from all over the world. A high speed
rail link will undoubtedly make travel
to Pattaya seamless and fast, and so
it would seem that visitors who come
to Bangkok will have much less excuse
not to come to Pattaya during
their stay.
Restaurants in Pattaya catering to
the new influx of tourists have adapted,
with Thai restaurants in particular
focusing on the cultural food values
that Thailand has to offer.
It would seem the future is bright
for Pattaya and if numbers continue
to grow it could well make it in to a
higher position in the worldwide rankings
in the future.
AMA FASHION PATTAYA
Bespoke Tailor
AMA FASHION PATTAYA IS A BESPOKE TAILOR SHOP
FOR MEN & WOMEN. OUR REPEAT CUSTOMERS SAY
AMA- FASHION IS THE SAVILE ROW OF ASIA.
WE FOCUS ON THE QUALITY OF OUR FABRICS & WORKMANSHIP.
WE ARE LOCATED AT PATTAYA KLANG,
NEAR THE JUACTION WITH SECOND ROAD.
Tel: +66 3836 1861
Mobile: +66 8151 77321
Pattaya Beach
AMA Fashion Pattaya
Pattaya Beach Road
Central Pattaya Road
Pattaya Second Road
Hard Rock Hotel
P.S. Bowling Plaza
Best Supermarket
Directions for taxi: พัทยากลาง ตรงขาม พี เอส โบวลิ่ง พลาซา (PATTAYA KLANG ROAD)
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
If you can’t come to us,
we’ll come to you!
Order food online:
www.frasersdirect.com
FREE Cheesecake
with your first order!
FRASER’S AND GOLF -
Fraser’s Sports Bar & Restaurant
is a popular, family friendly venue in
Jomtien located near to the well-known
Thappraya Airport Bus station in the
Chateau Dale Complex, just above the
News Cafe in Thappraya Rd.
They have great food including full
English breakfasts, gourmet sandwiches,
pizzas, pasta dishes, seafood delights,
meat dishes and Thai food, as
well as a great choice of draft beers including
Stella Artois, Heineken, Tiger,
Magners and Guinness.
As a sports bar, all the sports you
can think of are shown live on 12
large TV screens as well as on private
screens in 5 special seating booths.
Fraser’s is also home to the Jomtien
Golf @ Fraser’s golf society that
meets three times a week on Monday,
Wednesday and Friday to play competitive
Golf.
This is a growing friendly society of
golfers of different standing who come
together to enjoy a few rounds and
also meet at Fraser’s before and after
games for a few well-deserved drinks
and some great food.
They welcome all players, including
ladies, who either have an IPGC
or a current handicap certificate from
their home country, or who can put
three cards in for a current handicap.
If you have an interest in Golf then it is
definitely worth heading down to Fraser’s
to check out the schedules.
The competition fee for each of the
games varies between 200 and 250
Baht according to the day’s format.
They run a two divisional stableford
competition with 1st, 2nd and 3rd
prizes in each division, nearest the pin
on all par threes for both divisions and
they also give prizes in the 2’s competition
for both divisions.
All tee times are Monday and
Wednesday 09:30am and Friday
09:15am unless specified on the
schedule board.
Fraser’s opens early on Golf days
at 7:00am and golfers normally leave
between 7:45am and 8:15am according
to which course is chosen. There
are currently around 70 players and
the number is growing all the time.
Near to the bar at Fraser’s is a
noticeboard where more info can be
found and there you can sign up for
future events. If you require transport
simply tick the box marked “T” on
the noticeboard – typically there is a
month’s worth of booking sheets on
the board.
The coming week's golf schedule
is posted every Sunday on Fraser’s
Facebook page and their website, but
it is worth noting that with the exception
of Friday’s, all venues are subject
to change.
After the golfing events, presentations
take place at Fraser’s normally
around 6:30pm, when the prizes for
the day are presented to the winners.
However, if you cannot attend for any
unforeseen circumstances your prize
will be retained for you until your next
visit.
For any further information regarding
the golf please feel free to call Glyn
on 086 837 5464.
Advertise
your Bar or
Restaurant here
and receive a
FREE Daily International
Newspaper . . . every day!
For details, call
084-677-4360 (Ben)
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
GO HAND IN HAND IN JOMTIEN
BUSINESS SUPPLEMENT
Open Daily 9:30am to 12:00am Call 0646 209 225
facebook.com/hemingwaysjomtien | hemingwaysjomtien.com
Directions: Heading to Jomtien Beach from Thappraya Road, turn right at the red archway
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
FITNESS & YOU
- THE KEY TO A BETTER LIFE -
THE MYTH OF
METABOLISM...CONTINUED
In the last issue we looked at
how metabolism doesn’t really
slow down as we age and is not
really the prime reason why we
gain fat as we get older. The bottom
line is that as we use our muscles
less we do indeed start to gain
fat, which then reduces our muscle
mass and this sets us up for putting
on more fat.
So, it all becomes a vicious cycle.
As our muscle mass falls, our
calorie needs fall with it. According
to the authors of Biomarkers, most
people need to take in about 100
calories per day less each decade
to maintain a level body weight.
But, in general, most people continue
eating the same. "Too many
calories coupled with too little exertion,
a reduced musculature, and
a declining metabolic rate add up
to more and more fat."
So, what do you need to do to
stop this cycle?
You need to start a program
that increases muscle and restores
lost metabolism.
Diet will always be key to control
creeping obesity. You should
avoid calorie-dense foods (yes,
less cakes and cookies, and even
beer) and emphasize foods high in
fibre and bulk.
Eat plenty of fruit, vegetables
and whole grains. Even so, the
main solution is exercise. Exercise
burn calories while you exercise,
and after exercise you continue
to use more calories than at rest.
Even mild exercise leaves you
burning extra calories an hour
later. If you exercise harder and
longer, after 12 hours your energy
requirements will still be elevated.
Even at rest, your metabolically active
muscles still use energy. The
more muscle you have, the more
calories you use, round the clock.
That's why weight training is so
important. It builds and maintains
the calorie-burning muscle tissue
that makes - and keeps - you lean.
Lifting weights keeps your metabolic
fires burning strongly; and
no, the weights do not have to be
so heavy you do yourself an injury.
Equally, you’re not too old to
start. You can increase your muscle
size and strength as you get
older. It has been noted by the
US Department of Agriculture's
Human Nutrition Center on Aging
at Tufts University that, "the muscles
of elderly people are just as
responsive to weight training as
those of younger people."
In an amazing eight-week program
of strength training by 87- to
96-year-old women confined to a
nursing home the results showed
a tripling of strength and a muscle-size
increase of 10 percent.
Basically, "Much of the loss of
muscle as we age is preventable -
and even reversible."
It comes down to this: Your
metabolism won't slow down if
you don't.
The Fitness Column is brought to you by:
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For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
THAILAND IN TOP 5 GLOBALLY
FOR SALARY INCREASES
Thailand is within the top five
countries worldwide for real salary
increases with a rate expected to top
4.1 per cent in 2020 following a 3.9
percent increase during 2019.
In all of Asia, India was in top
place with a 5.4 persent salary
growth rate expected for 2020, followed
by Vietnam, the leader in
South East Asia, with a 5.1 per cent
rise expected. Korea stood at 4 per
cent and Indonesia at 3.9 per cent.
Regional director of Asia at ECA
International, Lee Quane, was quoted
as saying, "Workers in Vietnam
and Thailand will both see further increases
to their salaries as the nominal
salaries expected to be given by
employers stay well ahead of the low
levels of inflation that these countries
will see in 2020," adding, "This
has been a long-term trend for both
countries, as productivity continues
to grow and inflation is controlled."
Of course workers in Thailand
have been earning typically considerably
less than their European or
American Counterparts for many
years, and so the wage increase may
be just a form of catch up. However
as the Thai Baht has increased more
than 7 per cent this year against a
basket of currencies,
and 9 per cent against the Chinese
Yuan in particular, real wage increases
in Thailand could be above 10
percent in currency weighted terms.
Wages in Singapore are predicted to
rise by 3 per cent in 2020, but are
typically already at a higher level
than those in the rest of Asia. Hong
Kong salaries are expected to rise by
1.4 per cent and
China wages are expected to
rise by 3.6 per cent. The average
rise for all of Asia is expected to be
3.2 per cent, and indeed Asian countries
make up 13 out of the top 20
positions worldwide.
Mr. Quane was also quoted as
saying, "Although there are signs
that the Chinese economy may be
slowing down in the face of the ongoing
trade war with the US, wages
and salary increases are still holding
firm," adding, "China has also maintained
its place in the global top 10
for salary increases."
Nominal inflation being at low
levels in many countries has also
helped real salary increases take
hold. Yet low inflation is often a result
of falling tech prices and falling
high-value purchase prices, so for
lower paid workers, inflation on the
street for food, rent and transport can
still be seen in day-to-day life.
As well, some countries are seeing
rising inflation rates with Malaysia
in particular expected to see a pickup
in inflation from 1 per cent to 2.1 per
cent, denting real salary increases
for workers.
Wage growth is a keenly watched
metric as it can be a precursor to future
inflation. Looking further ahead
as real salary increases feed into the
system, and banks continue to ease
monetary policy, real inflation could
pick up. It is a careful balance that is
always at risk of spiraling out of control.
Yet for now, the Goldilocks period
appears to be able to continue.
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
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CONSULTANTS
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KEY VISA CO
565/88, Moo 10 (Next to Big C South Pattaya)
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Office: 038-422-131 Fax: 038-412-277 E-mail: info@keyvisathailand.com
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
Following the successful 36th
Thailand International Motor Expo
in December, Thailand’s major
car distributors are upbeat about
sales in 2020 with a general prediction
that sales will surpass 1
million units. This will be the third
year in a row that such a milestone
has been reached.
Latest data from the Federation
of Thai Industries (FTI),
showed that in 2019, for the first
10 months of the year, some
838,968 vehicles were sold. This
represented an increase of 0.7
per cent over the same period the
previous year.
Even though the latter part of
2019 was reportedly slightly below
par, overall sales for the year
are expected to hit 1.03 million to
1.04 million units once final data
is released, which will be almost
the same as the number of units
recorded the year before.
Mazda expects government
stimulus measures to support the
market with a steady increase
in sales likely to be seen in the
second half of 2020. The stimulus
measures follow a slight contraction
in car sales in the second half
of 2019 likely due to some slowing
in the overall economy.
President of Mazda Sales
Thailand, Chanchai Trakarnudomsuk,
was quoted as saying,
"The measures are not
only for grassroots people,
but also to stimulate
overall economic engines
such as consumption and
investment," adding, "The
central bank's measures to
control auto loan approvals
from financial institutions
will be postponed from a tentative
plan to take effect in early 2020,
so there is no worry for the lending
sector."
Meanwhile, Mitsubishi is generally
upbeat on the future, but is
somewhat guarded in its
predictions.
President and
chief executive
of Mitsubishi
Motors Thailand,
Morikazu
Chokki,
was quoted
as saying,
"When the
BUSINESS SUPPLEMENT
CAR SALES LIKELY TO SURPASS 1M VEHICLES IN 2020
economy
slows
down, the
car market
performs in
the same
direction,"
adding,
"The contraction
is
not only in
Thailand, but also other
countries globally, pressured
by trade war tensions.
We expect Thai GDP
in the second half of 2019
to bottom out, but overall 2020
sentiment is hard to predict."
Isuzu is also guarded,
suggesting that factors such
as trade war escalations, baht
strength and even Brexit will
make for an unpredictable year.
Vice-president of Tri Petch
Isuzu Sales, Takeshi Kazahara,
was quoted as saying, "The positive
sentiment for Thailand is the
stable political
movement,
while
the government
is trying
to launch
stimulus measures
for the
agricultural
and property
sectors.”
The Kingdom remains a major
employer in the auto sector with
numerous brands such as Toyota,
Mazda, BMW and many others
coming to Thailand to open up assembly
plants both for export and
to supply the local market.
Car sales are also seen as an
important barometer of economic
strength and consumer confidence.
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
RELOCATING BACK
TO THE UK FROM
THAILAND
Many expats come to Thailand
planning to spend their twilight
years sipping cocktails (or at least
beers) in the sun and enjoying life
with their friends and/or Thai partners.
However, there are times and
circumstances when some expats
decide to return ‘home’ for
whatever reason. This can be
due to financial constraints, when
you are living on a fixed income
fluctuations in the exchange rate
can cause serious problems with
monthly budgeting. Ill health is
another concern for elderly expats
who may find it difficult to
get health insurance. If this is the
case, you should be aware that
you may not always be immediately
entitled to health care in
your home country upon arrival.
Particularly in countries like the
UK where healthcare is free, there
are a number of restrictions for
people who have been out of the
country for longer than 6 months.
with you, there are a number of
regulations which need to be followed.
Usually, you will need to
have secured employment in the
UK already or have an income
of at least £18,600 per annum. If
you don’t have this kind of income
but you have savings of at least
£62,500 this can be used instead.
Most foreigners returning to the
UK choose to go first and setup a
home and find a job and then apply
for their partners visa. As long
as you meet the criteria for a UK
settlement visa it won’t make any
difference whether your partner
has been to the UK before or not.
FOODMART
SUPERMARKET
On Thappraya Road, Jomtien
316/3 Moo 12, Nongprue, Banglamung, Chonburi 20150
If you are diagnosed with a
serious illness, it is much better
to consider heading home sooner
rather than later as medically assisted
travel can be very expensive
and run into multiple tens of
thousands of pounds.
On a brighter note, some expats
decide to head home due to
increased employment opportunities
in their motherland. Not everyone
is able to easily find fruitful
labour here in Thailand and even
foreigners past retirement age
can sometimes return home and
find a new position fairly easily.
If you are planning to head
back to the UK from Thailand and
wish to take your Thai partner
Other regulations include the
compulsory English test and NHS
deposit which can make the settlement
visa an expensive exercise
but it is something you only
need to do once.
If you are considering applying
for a UK settlement visa for
your partner, don’t take any risks
of being rejected. There are further
complications when the British
citizen has been living outside
the UK and professional advice
is strongly recommended. Key
Visa can answer all your questions
about returning to the UK
with your partner, contact Darren
- info@keyvisathailand.com for
more information.
081-004 5397
Office: 038-422-131 Fax: 038-412-277
E-mail: info@keyvisathailand.com
FOODMART
Offers a wide selection of the best foods and beverages
from around the world at reasonable prices.
FOODMART
Is located directly on Thappraya Road north of Thepprasit Road,
opposite Pan Pan Restaurant.
Tel: 038-303 467
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
PATT AYA
TM
BUSINESS
SUPPLEMENT
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To Advertise Call: 084 6774 360, 038 411 009
Email: hightowerpattaya@gmail.com
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Professional setup & management service
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FOODMART
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038 411 009 or 084 677 4360 (Ben)
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To order your favourite
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Call:
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or order online:
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High Tower Co., Ltd. Tel: 038 411 009
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Call: 038 420 428 or 092 647 5830
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you get maximum exposure for
your business in these locations.
038 411 009 or 084 677 4360 (Ben)
For all your advertising enquiries - Tel: 0846 77 43 60
PATT AYA
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BUSINESS
SUPPLEMENT
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To Advertise Call: 084 6774 360, 038 411 009
Email: hightowerpattaya@gmail.com
To order your favourite
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038-411 009
or order online:
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Mobile : +66 8151 77321
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For
FOODMART
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2,000 B.
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you get maximum exposure for
your business in these locations.
038 411 009 or 084 677 4360 (Ben)
Insurance for expats
Health
Car
Home
Condo
Motorbike
Etc.
Your local insurance broker in Pattaya
+66(0)38-415-795
www.aainsure.net
clean-4you.com
Corner of
L.K. Metro &
Soi Diana Inn
www.robinsnest.com
038 720 194
www.ciderthailand.com
www.uberdrinksthailand.com
BEACH ROAD PATTAYA - RESERVATIONS: 081-861-3446
The Importers
of Fine Cider
: Applehoneycider,Uberdrinks
: 038 716 224, 094 717 7441
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
CHINESE COMPANY
AIMS TO RE-LAUNCH
THOMAS COOK
Fosun Group, the Chinese company that
had a shareholding in Thomas Cook before it
collapsed, is seeking to revive the 178-year-old
brand.
It recently paid US$14 million for trademarks,
hotel brands, social media accounts and domain
names.
This comes even in spite of the negative
headlines recently of the company’s bankruptcy
that left hundreds of thousands of UK and European
passengers stranded and lead to one of the
largest peacetime government repatriation efforts.
The collapse also lead to more than 9,000
job losses.
Managing director of Adamas Asset Management,
Brock Silvers, was quoted as saying,
“Fosun Tourism Group salvaged a few remaining
bits from a broken Thomas Cook, and while they
may become profitable to some degree, they
probably won’t become core assets.”
Shanghai Based Fosun Group had bought an
18 per cent stake in the troubled tour operator
but was unable to come forward with financing to
rescue the giant.
The company owns the Club Med brand,
which has been famous for decades with European
holidaymakers, as well as hotels in China
and Thailand. It also owns online travel platforms.
Foryou Travel and Miniversity, targeting
Chinese travellers.
BUSINESS SUPPLEMENT
THAI-EU FREE TRADE AGREEMENT
EXPECTED TO BOOST GDP
According to a joint study by the Institute
of Future Studies for Development (IFD) and
the Trade Negotiations Department, Thailand’s
GDP will benefit by up to 1.63 per
cent per year by having in place a free trade
agreement with the European Union.
A Thai-EU Free Trade Agreement could
also raise imports by as much as 3.42 per
cent per year and exports by as much as 3.43
per cent per year. Investment is also expected
to benefit to the tune of 2.74 per cent per
year. Household consumption could also be
boosted.
Director-general of the Trade Negotiations
Department, Auramon Supthaweethum,
was quoted as saying, "The study also suggests
that the revival of the talks which were
suspended five years ago will help expand
the market for Thai products amid global
economic uncertainties affected by the trade
protectionist barriers introduced by several
trading partners of Thailand and raise competitiveness
in the EU market after the bloc
has already signed FTAs with Singapore,
Vietnam and Brazil.”
The Thai-EU pact is expected to benefit a
wide range of industries with product groups
such as electronics, auto parts, clothing and
textiles, fresh and processed foods, and construction
products all getting a boost. Capital
items such as machinery and plant will also
likely see an immediate uptick.
Negotiations are expected to resume after
they were suspended in 2014 following the
AROUND THE ASIAN REGION
A consultant at Euromonitor International, Alexander
Göransson, was quoted as saying, “The
brand can be revived,” adding, “I would say under
new management, Thomas Cook could be
redeveloped.”
APAC REGIONAL
BANKING OUTLOOK
CLOUDY ACCORDING
TO MOODY’S
Moody's Investors Service has indicated that
the outlook for the Asia Pacific banking sector
could be challenging over the course of the next
year.
Citing continued fallout from the US-China
trade war, the ratings agency expects that economic
activity will be weaker in the region. This
comes in spite of a so-called phase-one trade
deal being agreed in principle.
A Moody's vice-president and senior credit
officer, Eugene Tarzimanov, was quoted as saying,
"Weaker economic and trade conditions will
lead to moderate increases in problem loans for
Asia-Pacific banks," adding, "The banks' profitability
will fall because they are raising credit provisions,
while central banks are cutting interest
rates to support economic growth."
The report covers 17 countries in the Asia
Pacific region, and noted that even with possible
challenging times ahead the banks have
maintained good liquidity and capital ratios and
should cope well.
coup, but the trade agreement comes with
many caveats. These include greater protection
for intellectual property, high standards
for Thai products being exported to the EU
to meet EU requirements, fair trade competition,
fair pricing, fair labor practices, and a
raft of stringent investment requirements.
The EU is Thailand’s fourth largest trading
partner and also the Kingdom’s fourth largest
investor. Trade in both directions between
the EU and Thailand totaled US$47.3 billion
in 2018, representing nearly 10 percent of
all Thailand’s external trade. The number is
growing steadily, up 6.5 per cent from the
year prior. Out of the total number, exports
totaled US$25.06 billion and imports totaled
US$22.27billion. Imports were growing faster
than exports, up 9 per cent vs. 5.3 per cent
respectively.
In the past, notable products on the exports
list included electronic circuits, air conditioners,
jewelry and gems, whilst on the imports
list key items were avionics equipment,
medicines, machinery and machine parts.
As and when a EU-Thai FTA comes into
force, the range of items traded is expected
to expand. For example, it will open the door
for Thai cultural products such as authentic
prepared meals to make their way to Europe
in greater numbers as well as fruit and vegetables
that are native to Thailand. It will also
boost the auto, avionics and tech industries
as these grow within the Eastern Economic
Corridor and beyond.
HONG KONG
AIRPORT’S PASSENGER
NUMBERS FALL
Passenger numbers at Hong Kong International
Airport fell at the fastest rate in more than
a decade according to a report released recently.
Traffic was down 16.2 per cent year on year
as passengers gave the airport a wide berth.
Total passenger count was just over 5 million
passengers. In the previous three months falls of
more than 12 per cent were also recorded.
With many flights transiting in Hong Kong,
travellers have been opting for other hubs to
avoid the risk of onward flight delays or cancellations
due to the possibility of a return of protests
at the airport.
Read Online At
www.thailand-business-supplement.com
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
LUXURY LIVING AT AFFORDABLE PRICES
READY
TO MOVE IN
www.villaasiatic.com
Contact Info
Tel: 090-226-4287 (EN) 063-382-1881 (TH)
info@villaasiatic.com
Email: ben.hightowerltd@gmail.com
Facebook: VILLA ASIATIC
by Fed Property Co.Ltd
Railway Bypass, Moo 7, Nongplalai,
Banglamung, Chonburi 20150
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
Trattoria Pizzeria
Fresh From Our Farm
Enjoy succulent lamb, tasty grilled chicken,
mouthwatering veal and many more
delicious options, all made with top grade
meat from Luca’s own organic farm
Sample great Italian wines - with
special promotions
Experience the authentic taste of Tuscany, right in the heart of Pattaya
SCAN
THIS
AREA
: Trattoria Pizzeria Toscana
038-362370, 038-362371 tirreno@ptty2.loxinfo.co.th
Reservations: 081-861 3446
Beach Road, Pattaya, after Soi 6/1
* FREE PARKING next door by Moom Talay.
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
THAI RESTAURANT
HOMEMADE FOOD AT ITS BEST!
All meals made using meat
and veggies fresh from
the owner’s organic farm
038-362370 038-362371
Reservations: 081-861 3446 tirreno@ptty2.loxinfo.co.th
Beach Road, Pattaya, after Soi 6/1
* FREE PARKING
SCAN
THIS
AREA
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
5 SEO TRENDS
for 2020 that all business
owners should know
Over the last 10 years or so,
SEO has evolved into being an
ever changing industry that anyone
who runs any aspect of their
business needs to know about.
Google’s main aim is to provide
the best search experience
possible for the user and in order
to be featured at the top of
the search results they have very
strict criteria.
So, what’s hot in 2020?
Let’s find out...
More Featured Snippets
Featured Snippets usually appear
above the number #1 organic
result, commonly referred to as
“Position 0.”
To take advantage of this feature
and drive more clicks to your
website, you need to provide
clear answers to commonly asked
questions on your website. Featured
Snippets are evaluated and
boosted to the top depending on
their quality, which Google has a
way of determining.
Featured Snippets represent a
great opportunity for content creators
since it gives you the ability
to generate more organic traffic
even if you’re not ranking at the
top number #1 position.
to Google, HTTPS “helps prevent
intruders from tampering with the
communications between your
websites and your users’ browsers.”
Google wants to provide its
users with a secure browsing experience,
so those that implement
HTTPS may experience a minor
SEO boost.
If you’re trying to collect personal
information from your users
on your website via a web form,
then you have a responsibility to
protect their privacy.
Mobile Usability will determine
your rankings
A website that does not have
a mobile version may lose most
of its users in the coming years
as mobile web pages are a growing
trend that will get even more
popular in 2020. Especially since
more people around the world are
obtaining smartphones as more
cell phone towers are being built
with better connectivity.
However, technology and how
people find information through
their mobile devices is getting so
advanced that it’s not enough to
just have a mobile website- the
interface has to be easy to read,
grab people’s attention and then
BUSINESS SUPPLEMENT
Secure your website
using https
User safety is another trend
that doesn’t seem to have much
to do with SEO, but it is very important
to the website user experience.
If a user doesn’t feel safe
visiting a web page then they’re
very likely to leave quickly. Or if
they see a “Not Secure” warning
appear, they may decide to not
proceed to your page. As a result,
high bounce rates could affect the
position of that page in the organic
search listing.
It’s important to enable HTTPS
protocol for your site. HTTPS
gives website users a secure
connection that is both encrypted
and authenticated. According
have the ability to answer their
questions or at least keep them
entertained.
Studies show that 4 in 5 consumers
conduct local searches
on search engines using their
mobile devices so your website
needs to be fast and easy to use
on mobile.
For help and advice on Digital
Marketing in 2020 contact sales@
pdsconsultingsolutions.com
Gemma Purnell
+66 33 039 399
gemmapurnell.com
gemma@gemmapurnell.com
High Tower Co., Ltd. Tel: 038 411 009
BUSINESS SUPPLEMENT
䘀 刀 伀 䴀 Ⰰ 㤀 㜀 㔀 Ⰰ
吀 䠀 䈀 伀 一 䰀 夀 ℀
䔀 堀 䌀 䰀 唀 匀 䤀 嘀 䔀 伀 倀 倀 伀 刀 吀 唀 一 䤀 吀 夀
䈀 夀 嘀 䄀 唀 䈀 䄀 一 刀 䔀 䄀 䰀 䔀 匀 吀 䄀 吀 䔀
倀 䄀 吀 吀 䄀 夀 䄀 䀀 䌀 伀 䴀 倀 䄀 一 夀 嘀 䄀 唀 䈀 䄀 一 ⸀ 䌀 伀 䴀
⬀ 㘀 㘀 ⠀ ⤀アパート 㠀 ㈀ 㔀 㜀 ㈀ 㤀
THAILAND BUSINESS NEWS
THAILAND’S
SOVEREIGN
CREDIT RATING
OUTLOOK
UPGRADED BY
S&P
Email: ben.hightowerltd@gmail.com
Standard and Poor’s, a leading
global ratings agency, has upgraded
Thailand's sovereign credit rating
outlook from stable to positive, but
remains cautious on the country’s
economic outlook going forward. At
the same time S&P has re-asserted
its BBB+ and A-2 ratings for the
Kingdom’s long term and short-term
foreign currency credit respectively.
The improvement follows other
rating agency upgrades from the
likes of Moody’s, R&I and Fitch.
In a press release, S&P was
quoted as saying, "The positive outlook
reflects our assessment that
political uncertainty in Thailand has
begun to ease with the return of an
elected government," adding, "With
progress in implementing national
reforms and strategic plans, we believe
policy continuity and political
stability will improve."
The outlook upgrade is a possible
precursor to a ratings upgrade
over the next 12 to 24 months. However
the outlook could be returned
to “stable” if the economy weakens
significantly.
Generally, the positive ratings
outlook signifies Thailand’s strong
balance sheet and low external debt.
S&P was also quoted as saying,
"These strengths are in contrast to
the country's low income levels and
uncertainty about its political stability
and socioeconomic fissures,"
adding, "A lifting of this uncertainty
could result in stronger support for
the rating."
BANGKOK BANK
BUYS PT BANK
PERMATA
Bangkok Bank Plchas entered
into an agreement to purchase
an 89.1% stake in Indonesia’s PT
Bank Permata. The deal is valued
at around US$2.7 billion and represents
the first significant international
takeover by a Thai bank.
Bangkok Bank has a strategy of
becoming a leading regional bank
and this is the first step in that quest.
Indonesia is seen as a faster growing
market than Thailand and was
one of the reasons for the choice.
Although the bank doesn’t expect
to issue new equity for the purchase,
the deal sent shares of Thailand’s
second largest lender spiraling down
after the announcementas dividend
hopes were re-assessed. The deal
was set at 1.77 times the book value
of Permata, or 1,498 rupiah per
share.
Bangkok Bank’s president,
Chartsiri Sophonpanich, was quoted
as saying, “The Indonesian banking
sector is poised to continue delivering
attractive growth while maintaining
healthy margins.”
Bangkok Bank has had a presence
in Indonesia since 1972 and
has branches in Jakarta, Surabaya
and Medan currently. It also has operations
in other Asian Countries as
well as a presence in Europe and the
U.S, with around one seventh of its
earnings coming from overseas.
B15BN IN
REVENUE
EXPECTED BY
THAILAND
PRIVILEGE CARD
CO.
The holding company of Thailand
Elite Card, is eyeing revenue of B1.5
billion in 2020 by focusing on luxury
markets in Asia and Europe.
Thailand Privilege Card Co is
looking to sell 2,460 ThailandElite
cards in 2020. The cards, that start
from 500,000 baht, enable holders to
enjoy 5 year or longer multiple entry
visas, immigration assistance, limousine
services and other perks.
Countries targeted are India,
the UK, China and Japan, as well
as Bangladesh, Singapore, New
Zealand and Australia. Young tech
workers in those countries are high
on the list.
In 2019 the company announced
revenue of 1.3 billion baht and said
that as of the end of September
2019, 8,602 cards were in use by
people from 125 countries.
China was the fastest growing
market with an 88 per cent increase
year on year. It was also the largest
market with 1,747 cardholders. The
UK followed in second place with
479 holders, with Japan, the US and
France making up the rest of the top
5 countries.
www.Thailand-Business-Supplement.com
FOR SERIOUS INVESTORS IT’S ALL
Comparing worldwide
property investment options...
NEW YORK, Brooklyn
Waterfront Apartment, 154 sqm
$ 3.3M (99,660,000B)
SYDNEY
Partial Harbour View, 120 sqm
$ 1.35M (40,770,000B)
PARIS
Waterfront Apartment, 160 sqm
$ 3.5M (105,700,000B)
LONDON
Waterfront Apartment, 193 sqm
$ 5.2M (157,040,000B)
HONG KONG
Sea View, 105 sqm
$ 2.95M (87,580,000B)
BANGKOK
Riverside Condo, 145 sqm
$ 1.3M (39,260,000B)
OR...
Invest in
this Fabulous
13 Storey Building
at Bali Hai, Pattaya
looking out over
the bay in the city
that’s ranked 15th
in the most visited
cities in the
world*
(*Source : The Mastercard
Global Destination Cities
Index 2019)
FOR FULL DETAILS ON THIS PROPERTY, CONTACT BEN@
ABOUT THE NUMBERS!
This entire Building
for sale at an amazing
$3.15M (95,000,000B)
Property details: 13 Storeys with –
• 6 Spacious Studio Units (40 sqm)
• 12 Large One Bedroom Units (80 sqm)
• 3 Penthouses with direct elevator access
(150 – 180 sqm.)
• 13th Storey with one apartment with a huge
balcony and panoramic views
of Pratumnak mountain and across Pattaya Bay
• Land Area: 105 square wah
• All rooms fully furnished.
• Swimming Pool on the 2nd Floor.
• Car Parking area.
• Elevator with personal key access to Floors 10 – 12.
• Internet system, CCTV, Sophon Cable.
• Fire alarm system throughout,
with fire escape stair well.
The
Top Floor
Penthouse
is 150 sqm
on it’s own!
084-677-4360 (*This
E-MAIL : Hightowerpattaya@gmail.com
property is for sale exclusively through the Business Supplement)
BUSINESS SUPPLEMENT
SUDOKU
These Sudoku puzzles are pitched at a middle level: not too easy,
and not too frustratingly hard, for the average person.
We will publish the solutions in next month’s issue.
CROSSWORD
Last months sudoku answers
TRIVIA Quiz
ACROSS
1/ Fee paid for instruction (7)
6/Relating to the moon (5)
7/Utilise (3)
8/Atmosphere (3)
9/Australian Institute of Sport init. (3)
10/Torpid (5)
12/Computer in Space Odyssey (3)
14/Border (4)
15/Write a letter (3)
DOWN
1/Garrulous (9)
2/Located inward (5)
3/Annoy (8)
4/Sustain (7)
5/Rising warm air current (7)
11/Electrocardiogram init (3)
13/Beard of corn (3)
1. How many players are there in a Gaelic football team?
2. The Kara Sea is an arm of which ocean?
3. In which part of the body would you find the corti?
4. Which Canadian-born actress became a famous star in US
silent films and changed her named from Gladys Smith?
5. From the Jordanian port of Aqaba you can see three countries,
what are they?
1
2
3
4
5
6. Who played the role of Willy Bank in the 2007 film Ocean’s
Thirteen?
7. What name is given to the fruits of plants of the genus Ficus?
6 7
8. In what year was the English Channel Tunnel officially
opened?
9. Who was the first US president to visit the former Nazi concentration
camp of Auschwitz?
10. What nationality was the composer Sibelius?
8
9
10
11
12
13
Answers
1. 15 2. Arctic 3. the ear 4. Mary Pickford 5. Egypt, Israel and Saudi Arabia 6. Al Pacino 7. Figs
8. 1994 9. Gerald Ford 10. Finnish
14 15
CROSSWORD ANSWERS
ACROSS 1/ Tuition 6/ Lunar 7/Use 8/Air 9/AIS 12/Inert 14/Edge 15/ Pen
DOWN 1/Talkative 2/Inner 3/Irritate 4/Nourish 5/Thermal 11/ECG 13/Awn
For information on the PATTAYA BUSINESS SUPPLEMENT Contact High Tower Co., Ltd. Tel: 038 411 009 - 089 249 2778
*The Pattaya Business Supplement is published by High Tower Co., Ltd.
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
b i s t r o
b i s t r o
BUSINESS SUPPLEMENT
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and receive a FREE glass of wine
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JOMTIEN
COMPLEX
JOMTIEN BEACH
THAPPRAYA RD.
JOMTIEN 2nd RD. PATTAYA
JOMTIEN
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bistro
JOMTIEN BEACH
ELEVEN
038 119 132
CARPACCIOBISTRO
JOMTIEN, THAPPRAYA RD
THAPPRAYA RD.
PATTAYA
JOMTIEN 2nd RD.
Wine, Cocktails & Tapas
Relax with your friends
in a cosy atmosphere.
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www.Thailand-Business-Supplement.com
When We Say Printing
We don’t Just Mean Printing...
Printed Boxes
Placemats
Brochures
Pull Up Banners
Menus
Do you need to
get your menu translated to
Slim LED
Light Boxes
Flyers
Professional Design Service
Whether your artwork is for Print Media or
an Online Campaign it still centres on one
aspect - Visual Impact!
Let our Graphics Team design your promotional
material in a truly professional way to ensure the
maximum effectiveness for your business.
CHINESE,
RUSSIAN, etc
but don’t know how to go about it?
LET US HELP YOU!
Here at High Tower we will
take care of the translations
for you, be it for printing your
Menus, Brochures, Posters, etc
to cater for the various
foreign markets
Name Cards
Calendars
We bring your work to life
With our cutting-edge technology and professional human resources, we can provide you with a
total one-stop shop for all your printing needs.
T: 038-411-009
M: 084-677-4360 (EN), 062-365-3250 (TH)
E: hightowerpattaya@gmail.com