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July 2020

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PATTAYA CITY HALL UNVEILS PLANS

FOR A FUTURISTIC PATTAYA

INCLUDING A MONORAIL SYSTEM

Cover Story Overleaf

INSIDE THIS ISSUE:

- U-Tapao’s Third Terminal Gets The Green Light

- Thailand Business News

- Around The Asian Region

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BUSINESS SUPPLEMENT

Cover Story

PATTAYA CITY HALL UNVEILS PLANS FOR A FUTURISTIC

PATTAYA INCLUDING A MONORAIL SYSTEM

As part of the greater

Eastern Economic

Corridor (EEC) project,

plans are afoot to overhaul

Pattaya’s key landmarks

including Walking

Street and Bali Hai Pier,

as well as to provide a

cruise ship terminal and

a monorail system.

Pattaya City Mayor,

Sonthaya Khunpluem,

was quoted as saying,

“Pattaya is the one of the

world’s most famous

tourism destinations

which attracts millions

of visitors yearly in

normal times and has

generated a lot of income

into Thailand.

We are committed to

modernizing the look

and feel of the area as

well as wanting to reassure

nervous business

owners that leaders

are committed to

keeping nightlife and

entertainment venues

a core attraction of the

city.”

A new cruise ship

terminal will enable

cruise ship operators

to bring their customers

directly to Pattaya.

There are also plans to

connect Pattaya beach

with Bali Hai Pier by

way of a park area full

of green spaces.

For Walking Street,

futuristic looking awnings

and rain shelters

are in the planning

stage as well an overhaul

of the pavement to

make it a more striking

design, and safer too.

At the same time there

is a push to ensure the

famous Walking Street

keeps its charm, which

means ensuring that

whilst it will be available

as a daytime attraction,

it will still be the center

for nightlife activities.

Mayor Sonthaya Khunpluem

was also quoted

as saying, “The development

should make

Walking Street become

alive both day and night.

Currently, the street

looks alive and modern

at night but suffers badly

during the daytime.

We have plans to make

the street strongly appealing

during the daytime

as well,” adding,

“The redesign needs to

be smart and modern

as well as aesthetically

pleasing.”

He concluded, “Moreover,

the design should

not cause negative effects

to people's lives

and the overall fascination

and atmosphere

of the neon lights and

vibe of Walking Street.”

The proposals will be

presented for public

opinion and discussions

are underway

with all interested parties.

Designs are not

final and could be subject

to change depending

on the feedback obtained.

For the Monorail, the

plan to is to connect

transport hubs with key

tourist attractions and

shopping centers using

a main line and spurs.

Mayor Sonthaya

Khunpluem, was further

quoted as saying, “The

Pattaya monorail project

is part of the overall

Eastern Economic

Corridor (EEC) work,”

adding, “The EEC development

projects are

designed to improve

the overall infrastructure

in the Eastern part

of Thailand and involve

multiple individual projects.”

Work isunderway to

complete an Environment

Impact Assessment

by the end of

September 2020 for the

monorail, and for all

projects combined to

be completed by 2025.

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U-TAPAO’S THIRD

TERMINAL GETS THE

GREEN LIGHT

BUSINESS SUPPLEMENT

A deal worth 290 billion

baht for the Eastern Airport

City Project at U-Tapao

was signed recently by the

government. The project

will include a third terminal

and other improvements to

U-Tapao International Airport.

The signing comes hot on

the heals of the recent signing

of another important contract,

that being for the high

speed rail service that will

link U-Tapao, Don Mueang

and Suvarnabhumi airports.

The three airports will collectively

handle up to 200

million passengers per year.

U-Tapao is considered to be

Bangkok's third international

airport.

The Eastern Airport City

Project at U-Tapao will further

develop the Eastern

Economic Corridor (EEC) in

order to boost the economy

in the region.

At the signing ceremony,

Prime Minister Prayut

Chan-o-cha, was quoted as

saying, “This is considered

an important step for the

country to become a regional

aviation hub. The government

will speed up such investment

projects to meet its

goals.”

The deal was signed with

the BBS consortium, which

comprises a joint venture between

the BTS Group, Bangkok

Airways and Sino-Thai

Engineering and Construction

(STEC).

The project will be rolled

out in four stages, the first

of which will be to build a

new passenger terminal capable

of handling 15.9 million

visitors annually. This is

expected to be complete by

2024 and will also include

no less than 60 aircraft parking

bays. In the first 5 years

78,000 jobs will be created.

The second and third

phases are expansion plans

for the terminal to double

and then almost triple its capacity

by 2040.

In addition, a second runway

at the airport is being

considered at the behest of

the Royal Thai Navy. An environmental

assessment is

currently being undertaken.

If all goes to plan this will

also be complete by 2024.

The entire project will be

lucrative for the government

in the long run, generating

305.55 billion baht and another

62 billion baht in tax

revenues. As well, all assets

will revert back to the state

after the expiration of a 50-

year contract period.

The original plans were in

fact being prepared before

the Covid-19 slowdown, but

in the medium and long term,

the project is likely to be instrumental

in boosting tourism

in the region, once things

return to normal. As flights

start to operate, a number

of routes will be available

that can take advantage of

U-Tapao as a destination to

connect people easily with

Pattaya and other cities in

the vicinity.

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT

THAILAND BUSINESS NEWS

FINANCE MINISTRY MULLS

RETAIL TAX BREAKS

Retailers have urged the government to

consider granting tax breaks to improve the

sector and to encourage people to spend

when they go shopping. In response, the

Finance Ministry is considering the proposals,

one of which is for a similar tax break as

seen during 2015 and 2016, but with a higher

cap of 50,000 baht instead the previous

30,000 baht.

Finance Minister, Uttama Savanayana,

was quoted as saying, "We need to consider

in detail what are the problems and what

are appropriate measures," adding, "We've

launched relief measures, and the domestic

tourism-boosting package is the latest example."

Other suggestions were for Grand Sales

to take place that had a longer duration, for

example up to 6 months. These would help

to tempt shoppers to leave their homes and

come to retail outlets.

Chadatip Chutrakul, chief executive of

Siam Piwat Co, the operator of Siam Paragon,

Siam Center and Iconsiam, was quoted

as saying, "The government has already

launched a host of measures to remedy many

sectors, but any measures for the retail sector

are yet to be declared or made available.”

Wuttikiat Techamongklapiwat, president

of Robinson Plc, was quoted as saying,

"Measures or shopping incentives, if provided,

will help stimulate people to spend more

in the country," adding, "Without any aid or

stimulus measures, rising unemployment is

anticipated, aggravating a retail business already

hard-hit by the deadly virus."

THE TOURISM AUTHORITY OF

THAILAND LOOKS TO STIMULATE

DOMESTIC TRAVEL

The Tourism Authority of Thailand (TAT)

is actively engaged in promoting packages

for domestic tourism in order to spur the market

in the absence of foreign visitors.

Domestic tourism packages include fourmonth-long

packages that will be live from

July 2020 until October 2020 called Rao Pai

Thiew Kan, Kam Lang Chai, and Thiew Pan

Suk.

Through the "Paotung" application, the

Rao Pai Thiew Kan package will include subsidized

accommodation to the tune of 40% or

up to 3,000 baht per room per night as well

as free 600-baht e-vouchers

The Kam Lang Chai package will include

government subsidies of up to 2,000 baht per

head for the travel costs of 1.2 million village

health volunteers and medical personnel of

sub-district health promotion hospitals.

Separately, in Pattaya, city planners are

busy preparing for events as restrictions

ease, including the Pattaya Music Festival

and the Pattaya International Fireworks Festival.

Pattaya’s mayor, Sonthaya Khunpluem,

was quoted as saying, "The government has

launched many projects to help revive tourism.

Although this year's tourism will not be

able to match the previous year's, I believe

the situation will gradually improve and return

to normal soon.”

BANKS DIRECTED TO CUT

INTEREST RATES AND STOP

DIVIDENDS

Thailand’s banks have been told by the

Bank of Thailand (BoT) to conserve capital

by suspending dividend payments and stock

buybacks.

As well, the BoT also ordered banks to

cut interest rates on consumer lending products

such as credit cards and personal loans.

This is in contrast to other countries

where central banks reduce benchmark interest

rates with a view to hoping that lenders

pass these savings on to consumers. Yet,

they seldom do, at least fully.

Under the bank of Thailand’s directive,

the maximum chargeable interest rate for

credit cards will be capped at 16 per cent,

down from 18 per cent, and personal loan interest

rates will be reduced to around 24 per

cent from 28 per cent.

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THE GOODYEAR RECHARGE CONCEPT – MAKING TIRE CHANGING

EASY WITH CUSTOMIZED CAPSULES THAT RENEW YOUR TIRES

The Goodyear reCharge is a revolutionary

self-regenerating concept tire that

can adapt and change to meet individual

mobility needs.

“Goodyear wants the tire to be an even

more powerful contributor to answering

consumers’ specific mobility needs, said

Mike Rytokoski, Vice-President and Chief

Marketing Officer, Goodyear Europe, “It

was with that ambition that we set out to

create a concept tire primed for the future

of personalized and convenient electric

mobility.”

The reCharge concept includes a number

of innovative features that are built

around three pillars:

Personalized

At the core of the reCharge concept

is a reloadable and biodegradable tread

compound that can be recharged with

individual capsules, radically simplifying

the process of replacing your tires. Filled

with a customized liquid compound, these

capsules allow the tread to regenerate

and the tire to adapt over time to climatic

circumstances, road conditions, or simply

how you want to travel. Thanks to artificial

intelligence a driver profile would be created

around which the liquid compound

would be customized, generating a compound

blend tailored to each individual.

Sustainable

The compound itself would be made

from a biological material and would be

reinforced with fibres inspired by one of

the toughest natural materials in the world

- spider silk. This would make it both extremely

durable and 100 percent biodegradable.

Hassle-Free

In addition to radically simplifying the

process of replacing your tires with rechargeable

capsules, the tread would be

supported by a light-weight, non-pneumatic

frame and tall-and-narrow shape.

This is a thin, robust low-maintenance

construction that would eliminate the need

for pressure maintenance or downtime related

to punctures.

“The Goodyear reCharge is a concept

tire without compromise, supporting personalized,

sustainable and hassle-free

electric mobility,” concluded Sebastien

Fontaine, Lead Designer at the Goodyear

Innovation Centre in Luxembourg.

About Goodyear

Goodyear is one of the world's largest

tire companies. It employs about 63,000

people and manufactures its products in

47 facilities in 21 countries around the

world. Its two Innovation Centers in Akron,

Ohio, and Colmar-Berg, Luxembourg,

strive to develop state-of-the-art products

and services that set the technology and

performance standard for the industry. For

more information about Goodyear and its

products, go to www.goodyear.co.th.

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


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“Bits n Bytes”

STEVE DICKENS

vvCovid-19 has meant increasingly

hard times for millions

of people worldwide.

But this has resulted in more

people trying to separate you

from your money, and sadly

due to desperation more people

are falling for these scams.

So I thought it’s an appropriate

time to remind you what

scams to try and avoid on the

internet.

419 Fraud – Advance Fee Scam

Also known as the Nigerian

letter scam, 419 fraud is one

of the most common scams on

the internet, one you may have

already seen in your own inbox.

The advance fee scheme

takes its name after the section

of the Nigerian criminal

code that outlaws fraud. According

to the FBI, more than

14,600 people reported falling

victim to advance fee scams

in 2019. Collectively, they

lost $100.6 million, or roughly

$6,800 each.

The scammer usually

claims to be a member of a

wealthy Nigerian or another

West African family, reaching

out to you personally after the

death of a loved one. He or

she seeks to relocate a large

fortune out of the country for

safekeeping purposes and

into your bank account. The

catch? You must submit small

payments for fees in return

for a large chunk of their cash

cache.4

You should never respond

to these requests or volunteer

your bank details, end of!

Pre-Approved Notice

You receive a letter or an email

declaring that you have been

pre-approved for either a credit

card or bank loan. Those experiencing

financial strain may

fall victim to this scam, which

promises instant approval and

appealing credit limits. The

catch? You must pay a fee upfront

and at the time of signup.

Keep in mind that though

credit card companies do

charge annual fees, you will

never be asked to pay them

at sign-up. Accredited banks

won’t know your credit situation

and pre-approve you unsolicited.

The Phishing Scam

You receive an email from a

seemingly familiar enterprise

you deem legitimate such as

BUSINESS SUPPLEMENT

your bank, university or a retailer

you frequent. The message

directs you to a site—

usually to verify personal

information such as email addresses

and passwords—that

then steals your information

and exposes your computer to

attack by scammers. Phishing

scams are some of the most

common out there. According

to the FBI, more than 114,700

people fell victim to phishing

scams in 2019. Collectively,

they lost $57.8 million, or

about $500 each.

You should never click the

links provided in suspicious

emails. Doing so will make

your computer and personal

information vulnerable to

viruses and malware. Again,

though the sender may seem

legitimate—which is exactly

what the scammer wants you

to believe—no reputable institution

will ask for your password

or other key personal

information online. Phishing

emails will often contain typos

or grammatical errors, and the

sender's email address often

looks suspicious.

Disaster Relief Scams

When disaster strikes, so do

fraudsters. Hiding behind the

guise of an actual aid organization,

scammers will use a

tragedy or natural disaster to

con you out of your money. By

thinking you’re donating to an

emergency relief fund, you unwittingly

provide credit card or

other e-payment information.

Travel Scams

Scammers have added social

media to their bag of tricks.

By posting enticing photos on

sites like Pinterest, Twitter or

Instagram, scammers have

been known to dupe even the

savviest of travelers. Upon

clicking the image—which

lures clicks through the promise

of a free trip or plane tickets—you

will be prompted to

either complete a survey rife

with personal information or

open your computer up to secretly

malicious software.

Make sure the social media

page you’re on is an accredited

account. All major airlines

and travel sites will have their

social media handles on their

respective web pages. Don’t

be fooled by a Twitter account

that appears to be that of a

major airline.

Debt Relief Scams

Individuals who are down on

their luck can easily fall for an

email claiming to relieve their

debt. This scam makes the

false promise of collaborating

with creditors to either consolidate

or settle debts. All you

need to do? Pay an up-front

fee for the services.

As with the credit card scam

seen earlier, you should never

volunteer your personal financial

information to facilitate an

up-front fee. This is especially

dangerous if you’re already in

a dire financial situation.

Lottery Scam

Congratulations! You’ve won

the lottery or some other

large amount of money! Except

you haven’t. This bogus

email comes to you out-of-theblue—usually

claiming to be

a part of international sweepstakes—stressing

you’ve won

big and that you just need to

send over a processing fee or

get in touch with someone who

can process your winnings.

Unless you have entered

some legitimate lottery, chances

are you haven’t won the

jackpot. When you win the lottery,

you contact the appropriate

retailer—not the other way

around.

Fake Check or Money Transfer

You list something on an auction-based

website, and the

winning bidder offers to pay

you more than the offered

purchase price via cashier’s,

corporate or personal check.

Upon receiving the scammer’s

counterfeit check, you

are conned into sending the

difference back through bank

wire. Then you have to pay the

bank back in full once the fake

check bounces.12

Never accept payment for

more than your selling price.

Additionally, you should opt for

a secure form of e-payment,

such as PayPal or Google

Wallet, to ward off scammers.

The Bottom Line

It’s safe to assume that if

anyone is asking for your

bank or personal information,

you’re being taken for a

scam. You should never give

out personal information to

anyone on the internet who

contacts you directly. If you

have to make a financial

transaction online, make

sure you’re doing so on a

secure server and through a

reputable site.

If for any reason you believe

you’ve been scammed,

you should immediately

change all of your passwords

and delete any malicious

software you may have

downloaded. And always

remember: If it sounds too

good to be true, it probably is.

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

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

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


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BUSINESS SUPPLEMENT

FOREIGN CURRENCY UPDATE

The U.S. Dollar lost fully four

percent of its value before regaining

some of that lost ground back.

The weakening followed Fed Chairman

Jerome Powell’s comments

that U.S. interest rates would stay

near zero for an extended time, indeed

well into 2022. The DXYDollar

index, the index that measures

the U.S. Dollar’s value against a

basket of major currencies, fell

from 99.86 to 95.96 before retracing

to 97.66.

Whilst the U.S. Dollar has been

holding its value due to its status

as the reserve currency of the

world, risks are rising for a potential

dollar crisis. U.S. National debt

hit 26 trillion dollars this year, representing

110% of GDP and double

the already unsustainable level of

13 trillion dollars in 2010. Just how

long the U.S. can issue unlimited

debt without any hope of paying it

back remains to be seen. Yet there

are starting to be murmurings. Stephen

Roach, Yale University senior

fellow and former Morgan Stanley

Asia chairman, believes that ballooning

deficits will change the

perception of the US currency and

it may mean a “gut punch” to the

greenback.

Whether that means that the

U.S. Dollar will drop by a massive

amount in a sudden overnight move

is anyone’s guess, but regardless,

the Dollar may have a difficult time

remaining at its current elevated

levels before long.

Against the Thai Baht the Dollar

fell in almost a straight line

from 31.98 to 31.00, a three per

cent move. Yet it was not all down

to dollar weakness. There is evidence

that the Thai Baht itself also

strengthened during the period to

add to the move.

The British Pound staged an impressive

rally from 1.2193 against

the U.S. Dollar

to hit a high of 1.2794, buoyed by

Dollar weakness. Yet it gave back

much of those gains as attention

turned to the U.K,’s poor economic

data. In addition, the Bank of England’s

stimulus package further

handed the reigns to the bears.

The Pound dropped from the highs

back down to 1.2348, giving up the

key 1.25 handle.

UK debt is also now more than

100% of GDP, a level not seen

since 1963. Against the Thai baht

the Pound initially rose from 38.83

to hit 40.09 but gave back all the

gains and then some more, settling

at 38.26.

The Japanese Yen experienced

a brief period of weakness, moving

from 107.70 against the greenback

to hit 109.74, but quickly regained

strength and moved back to 106.86.

When the cross rate falls it indicates

that 1 U.S. Dollar buys less Yen, and

so the Yen has strengthened. The

JPYTHB cross rate fell from 0.294 to

0.2875, providing further indication

of the Thai Baht’s strength.

The Russian Ruble was much

more stable, strengthening slightly

from 72.27 to 69.32 against the

U.S. Dollar. This more muted move

comes after increased volatility in

the currency in previous months.

Against the Thai Baht the Ruble was

flat, trading at between 0.445 and

0.455.

The Euro was arguably the biggest

beneficiary of U.S. Dollar weakness

moving from 1.0891 to 1.1379

to the U.S. Dollar, before retreating

to 1.1182. Against the Thai Baht, the

rate moved from 34.82 to 35.75 before

falling all the way back down to

34.59.

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BUSINESS SUPPLEMENT

JUST THE STATISTICS

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.

INTERNET USERS

IN ASIA IN 2020

Asia is well connected to the

internet but there are plenty of

disparities in the region.

China has the most internet

users in the APAC region numbering

854.4 million out of a population

of 1.393 billion people. India

is in second place with 687.6

million users out of a similarly

sized population of 1.353billion.

This means that internet penetration

in China is 61 per cent vs.

just 50.7 per cent in India.

In South East Asia, Indonesia

leads the way for total users with

175.4 million people connected

out of a population of

267.7 million, followed by the

Philippines with 73 million connected

out of 106.7 million.

These numbers represent internet

reach of 65.5 per cent and

68.4 percent respectively.

Vietnam and Bangladesh

have 68.17 million internet users

and 66.44 million users out of

populations of 95.5 million and

161.4 million respectively.

Thailand has 52 million Internet

users out of a population of

69.43 million, a penetration rate

of 74.89 per cent.

THAILAND’S

POPULATION

GROWTH RATE

FALLING

Statistics from the ten-year period

starting in 2008 and ending

in 2018 show a continuous decline

in population growth in Thailand.

That is not to say that the population

is shrinking, but that the

rate of growth is slowing.

The population in 2008 was

0.53 percent higher than in 2007,

but the following year saw a rate

of increase of just 0.5 per cent.

In 2010 this fell to 0.49 per cent

growth year on year, and slipped

to 0.48 per cent in 2011. Sharper

falls occurred in 2014 when population

growth was at just 0.43 per

cent, and in 2015 which saw an

even slower pace of 0.40 percent.

In each and every year during

the 10 year period there were constant

falls in the rates, with 2018,

the last year in the series, seeing

only a 0.32 per cent rise in population

growth over 2017.

A the same time, life expectancy

for those born in 2008 stood at

73.34 years on average, whilst for

those born in 2017 life expectancy

rose to 76.68 years.

Average age of the population

in 2010 stood at 35 and a half

years but by 2020 this had risen

to 40.1 years. Average age is

expected to reach 49.7 years by

2050.

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

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


BUSINESS SUPPLEMENT

AMAZING ANURAK LODGE OFFER FOR THAIS AND EXPATS

Anurak Community Lodge

at Khao Sok National Park

in southern Thailand has

launched an amazing 990

Baht net per night offer for

Thai residents and expats.

The Rainforest Rising

package includes accommodation

in a deluxe bungalow

for two, breakfast, and the

option of planting a tree (with

one free T-shirt as a souvenir).

There is free access to

bicycles and the Anurak Trail

(no guide).

The booking period is now

until 20 August for stays between

1 July and 30 September

2020. Guests can book

Surat Thani airport transfers

at a deeply discounted rate

of 1300 Baht each way per

car, max 3 persons. It’s a

75-minute transfer from the

airport to Anurak Lodge.

The offer is based on a

maximum of three pax per

room with the third person

paying 400 Baht for extra

bed and breakfast.

On hygiene, extra measures

have been put in place

at the lodge to safeguard the

health of guests. Multiple

hand sanitiser pumps have

been put in place. A free

mask is provided for each

guest upon arrival. All staff

have received training in procedures

to minimise chances

of virus spread. In rooms and

throughout the lodge, extra

care has been taken to disinfect

high-touch places such

as light switches, door knobs

and table surfaces. The vast

area of the lodge allows for

easy social distancing.

Further information and

bookings can be made at

https://anuraklodge.com/

packages/rainforest-rising-package/

(English) or

https://anuraklodge.com/th/

packages-th/990-package/

(Thai language).

ABOUT ANURAK LODGE

Anurak Community Lodge is

an award-winning eco-lodge

on the edge of spectacular

Khao Sok National Park

in Surat Thani province. Its

elevated and open-sided

Hornbill restaurant offers

stunning views over the

mountain landscape. Surrounded

by nature, Anurak

Lodge is ideal for visitors

who like to get active with

cycling, hiking, kayaking and

discovering nearby Chiew

Larn lake. Alternatively,

chill in the Hornbill restaurant

enjoying southern-style

food, reading, playing board

games and enjoying the view.

Guests can plant a tree as

part of the lodge’s 'Rainforest

Rising’ reafforestation

project and visit the project’s

information centre.

Anurak Lodge won the

2019 SKAL Asian Area Award

– Environment Category. The

lodge received the unanimous

vote of the judges at

the 48th SKAL Asia Congress

in June 2019. It also won the

2019 SKAL (global) Sustainable

Tourism Award in the

Rural Accommodation category

in September 2019.

The 20-key lodge offers

Deluxe Green, Eco Double,

Eco Twin, and Deluxe Jungle

Tent options. Anurak Community

Lodge is Travelife

Gold Certified. Full information

and booking at Anurak-

Lodge.com.

Anurak Community Lodge

Address: 14/1 Moo 4, Klong

Sok, Phanom District,

Surat Thani 84250

Phone: (+66) [0] 81 898 9271

Email:info@anuraklodge.com

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!

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

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


BUSINESS SUPPLEMENT

Lewinski’s

Sports Bar & Restaurant

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

LEWINSKI'S GOLF, BAR, RESTAURANT

LEWINSKIS.COM

Lewinski’s

Sports Bar & Restaurant

- SEVEN LARGE TV SCREENS COVERING ALL MAJOR SPORTING

EVENTS FROM AROUND THE WORLD

- EXTENSIVE FOOD MENU WITH INTERNATIONAL & THAI FAVOURITES

- OPEN FROM 7.00 A.M. FOR BREAKFAST

- FULL MAIN COURSE DAILY SPECIALS @199B

- GOLF OUTINGS THREE TIMES EVERY WEEK

- SELECTION OF DAILY NEWSPAPERS FROM THE U.K.

PHONE:

038 427 822

LEWIINSKIS@GMAIL.COM

FOR GOLF,

MARC@ 089 5039179

LEWINSKIS GOLF

BAR RESTAURANT

Walking Street

Police Box

South Pattaya Rd.

Pattaya Beach Rd.

Soi 13/3

Royal

Garden

Plaza

Pattaya 2nd Rd.

Central Pattaya Rd.

SOI 13/3, PATTAYALAND 1, SOUTH PATTAYA.

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


Business Key

1

4

21

The Map Page is sponsored by

2

3

4

AMA FASHION PATTAYA

25

"No gimmickjust

a first class service"

5

PATTAYA

BUSINESS

SUPPLEMENT

6

bistro

8

7

16

7

24

17

27 20

5

2

8

D.T.CONSULTANT &

TRAVEL AGENCY Co.,Ltd

28

3 28

19

9

10

11

12

23

19

13

14

28

14

Lewinski’s

Sports Bar & Restaurant

15

28

16

28

8

13

17

18

19

22

17

1

20

11

25

27

21

Thai Garden

Resort

15

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6

23

12

24

28

Soi 89

25

26

27

AGSERVICE

World Transfer

GET A BETTER DEAL FOR YOUR MONEY EXCHANGE

29

Yenjit Currency

Exchange

16

18


BUSINESS SUPPLEMENT

IMMIGRATION

CONSULTANTS

The experts when it

comes to providing

VISAS

for the

UK, AUSTRALIA & IRELAND

Our Promise to You:

No Visa - No Professional Fee!

Key Visa Thailand

Kaotalo Rd.

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Bangkok

Rayong

Sukhumvit Rd.

Central Pattaya Rd.

South Pattaya Rd.

Thepprasit Rd.

Car Park

Thepprasit

Night Market

keyvisathailand.com

KEY VISA CO

565/88, Moo 10 (Next to Big C South Pattaya)

Nongprue, Banglamung, Chonburi 20260

Got a question?

Give Darren a call now!

Office: 038-422-131 Fax: 038-412-277 E-mail: info@keyvisathailand.com

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


PATT AYA

TM

BUSINESS

SUPPLEMENT

www.pattaya-business-supplement.com

To Advertise Call: 084 6774 360, 038 411 009

Email: hightowerpattaya@gmail.com

092-223-0477, 092-223-0479

Professional setup & management service

from a Google Partner Agency

Contact: sales@pdsconsultingsolutions.com

*(in each of these venues)

PATTAYA’S NUMBER 1 CAR RENT COMPANY

From Only

500Baht

per day (min 3 Day Rental)

CALL NOW!

UNLIMITED MILEAGE

New Automatic Cars

Free Sat Nav

Free Kiddy Seat

First Class Insurance

www.expatcarrent.com EMAIL: info@ expatcarrent.com

038 252 275,082 716 0194,082 716 0193

Includes

FREE

PRINTING

of your

Enjoy Cards

FOODMART

SUPERMARKET

For

2,000 B.

(+ VAT) p.m.

you get maximum

exposure for your

business in these

locations.

038 411 009 or 084 677 4360 (Ben)

038 416891-2

To order your favourite

Daily International Newspaper

Call:

038-411 009

or order online:

www.newspaperdirect-asia.com

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

Order Online: www.nickthepizza.com

Call: 038 420 428 or 092 647 5830

Includes

FREE

PRINTING

of your Enjoy Cards

*(in each of these venues)

For

FOODMART

SUPERMARKET

2,000 B.

(+ VAT) p.m.

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

TM

BUSINESS

SUPPLEMENT

www.pattaya-business-supplement.com

To Advertise Call: 084 6774 360, 038 411 009

Email: hightowerpattaya@gmail.com

To order your favourite

Daily International Newspaper

Call:

038-411 009

or order online:

www.newspaperdirect-asia.com

A

Tel : +66 3836 1861

Mobile : +66 8151 77321

Pattaya Klang Road

Investment Opportunity

in Thailand

Guaranteed rental return

10% Net for 5 years

Buy back option Finance available

info@tudorgroupthailand.com

+66 853952021

Includes

FREE

PRINTING

of your Enjoy Cards

*(in each of these venues)

For

FOODMART

SUPERMARKET

2,000 B.

(+ VAT) p.m.

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


FOODMART

SUPERMARKET

On Thappraya Road, Jomtien

316/3 Moo 12, Nongprue, Banglamung, Chonburi 20150

BUSINESS SUPPLEMENT

RENEWING UK

PASSPORTS IN

THAILAND

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

There is nothing new about the

British Government keeping us

Brits on our toes, and so it should

not have come as a surprise when

they first required us to renew our

passports from Hong Kong and

now through Bangkok. As of the

26th of March, 2014, all UK passport

renewals or Thai babies’ first

UK passport applications have to

be through their Global partners,

VFS Global, located in Bangkok.

This can be a real bind for

most because decisive details on

how this should be done can be

vague and for the older generation

making appointments via the Internet

is not always an option. But

the good news is Key Visa Thailand

can take the hassle away for

you and the details can be found

by contacting our office or on our

informative website. Our service

includes document checking, color

photocopies, making the appointment

to submit the passport

application, taking the application

to Bangkok and collecting the new

British passport when it is ready.

Step 1

1. Never leave your passport

until the last minute! Make sure

you have a minimum of 9 months

to one year validity left when you

apply for a new passport.

2. Never wait until you have

nearly run out of pages in your old

passport! When you are over half

way through the passport order a

new UK passport. Why put yourself

under pressure?

Step 2

3. You should start the process

by downloading the application

(OS) form, for overseas applications,

and complete it, making sure

you do not forget two major things,

1.The British Passport application

should be completed in black ink

only not blue 2. If you are applying

for a first babies passport make

sure you complete the back page

of the form and have a counter

signature on the form preferably

by a British citizen who knows you

and has done for approximately

2 years and also make sure they

countersign one of the passport

photographs. If you are over 16

years of age and you look similar

to the old passport photograph

then a counter signature is not

required. The box guidelines on

each page of the OS application

form will explain how to fill in the

form.

4. You then download the credit

card form from either our website

or the British Embassy website

and fill it in with the correct

details. Payment will be deducted

from your account by the passport

office in the UK at the HMPO and

do not worry it is very secure. If

you live in Thailand and do not

have a credit or UK debit card then

maybe you have a friend or family

who can assist with their card it

does not have to be your name.

If you have a Thailand credit card

not a standard debit card this can

also be used.

5. As part of our service Key

Visa will then make an appointment

via e-mail with the HMPO

office in Bangkok and we then will

receive your application appointment

within three days.

6. Key Visa staff will then take

your application to Bangkok and

submit the paperwork and bring

back your old passport and the

receipt back to our office in Pattaya

so the old passport is available

when ever required only a copy is

taken by the HMPO and your original

passport stays in Thailand.

When the new passport is ready

it is collected from Bangkok and

the old passport and the new UK

passport are issued to you.

You can find all the procedure

and documents required on our

website www.keyvisathailand.com

or you can contact 038 422131

081-004 5397

Office: 038-422-131

Fax: 038-412-277

E-mail: info@keyvisathailand.com

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

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


BUSINESS SUPPLEMENT

FOR SALE

Fantastic 12 Storey

Building

at Bali Hai

(close to the Siam Bayshore Hotel)

Property details: 12 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.

This property sits near the end of a quiet Soi close to the Siam Bayshore Hotel.

It provides the best of both worlds – with the feeling of being surrounded

by nature and yet in the heart of the city!

For Sale at an amazing

All relevant documents – title deeds (chanote),

etc. – are available for inspection by interested buyers.

FOR FULL DETAILS ON THIS

PROPERTY, CONTACT BEN @

084-677-4360

E-MAIL : Hightowerpattaya@gmail.com

(*This property is for sale exclusively through the Business Supplement)

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT

CHOOSING THE RIGHT

DIGITAL MARKETING

AGENCY

Digital Marketing including

services such as Website Design,

Development & Maintenance,

Search Engine Optimisation,

Online Advertising such

as Google Adwords & Social

Media including Facebook,

Twitter, Instagram and many

other social networks are now

a necessity not an option for

most businesses.

But how do you choose a

company which you can trust

to carry out this work for you

and be responsible for the digital

presence of your business?

The Digital Marketing industry

is not regulated, so

effectively anyone can set

themselves up as a ‘Digital

Marketing Expert’ and pitch

for your business 1 with little or

even no experience or knowledge.

Some of the key factors that

distinguish the real deal from

the not so real are verifiable

client recommendations.

● Do they have current or

past clients who will verify that

their work is good quality and

will you be able to actually

speak with these 2 people if you

wish to?

● Can they give you examples

of successful campaigns

which they have run? Many

people ‘know’ the theory but

have never or rarely put it into

practice.

What will you actually get for

your money? How many hours

of work per month or what kind

of results can you expect to get

from your campaign? 3

If the company will only be

responsible for driving traffic

to your site and not improving

your website conversion rates,

make sure that this is clear

from the outset and reflected

in the price you pay.

Another important question

to ask, particularly if you are

working with a local company

is ‘are they currently or have

they ever worked with any of

your competitors?’

Whilst it’s important that

anyone running a Digital Marketing

campaign for your business

should have a firm understanding

of your industry, it is

also important that there is no

conflict of interest between you

and any of their other clients.

Many clients these days

are asking external agencies

to sign ‘Non Disclosure Agreements’

before engaging their

services, and some agencies

even go so far as to offer it as

a standard policy to reinforce

their trustworthiness. 4

The last thing that we can

cover in this article is making

sure that any accounts set up

by a Digital Marketing agency

will belong to you in the event

of the contract ending.

It is important to get this in

writing as once you have built

up a strong social media following

you won’t want to lose

it.

The same 5goes for accounts

like Google Analytics &

Adwords, just one document or

clause in a contact can help to

ensure that you don’t lose data

which is valuable to your business.

Gemma Purnell

+66 33 039 399

gemmapurnell.com

gemma@gemmapurnell.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

Facebook: VILLA ASIATIC

by Fed Property Co.Ltd

Railway Bypass, Moo 7, Nongplalai,

Banglamung, Chonburi 20150

Email: ben.hightowerltd@gmail.com

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


BUSINESS SUPPLEMENT

THAILAND ELITE RESIDENCY PROGRAM

PRIVILEGES

Elite Ultimate Privilege

(Grand Package)

Elite Family

Premium

Elite Privilege

Access

Elite Family

Excursion

Elite Family

Alternative

Elite Easy

Access

Elite Superiority

Extension

Requirement

Foreigner

Foreigner with core member

(Elite Ultimate Priviege)

Foreigner Foreigner Foreigner Foreigner Foreigner

(at least 2 persons or more)

Validity

20 Years

Subject to validity

of core member

10 Years 5 Years 10 Years 5 Years

20 Years

Fee

THB 2,000,000

(VAT Excluded)

THB 1,000,000

(VAT Included)

THB 1,000,000

(VAT Included)

THB 800,000

(VAT Included)

THB 800,000

(VAT Included)

THB 500,000

(VAT Included)

THB 1,000,000

(VAT Included)

Additional

Family member

(*Immediate Family)

None

None

THB 800,000

(VAT Included/Each)

THB 300,000

(VAT Included/Each)

THB 700,000

(VAT Included/Each)

None

None

Membership Transfer

Tranfer Fee

Annual Fee

Age

1 Time

20%

of Prevailing Rate

THB 20,000

(VAT Excluded)

Not less then 20 years

Only to immidiate Family

1 Time

20%

of Prevailing Rate

THB 10,000

(VAT Included)

None None None

None

None

None None None None None

None None None

None

None

Any Any Any Any Any Any

Visa

5 Years - Renewable

5 Years - Renewable

5 Years - Renewable

5 Years 5 Years - Renewable 5 Years 5 Years - Renewable

Airport Service/EPA

Airport Lounge

Yes Yes Yes Yes Yes Yes Yes

Yes Yes Yes Yes Yes Yes Yes

Short Haul Transfer Service

(50 or 80 Km) (International Flight Only)

Unlimited

Unlimited

18 Times/Calendar Year

Individual/

Group Usage Deduction

4 Times/Calendar Year

Individual/Group

Usage Deduction

None

24 Times/

Calendar Year

None

Long Haul Transfer Service

(275 km) International Flight Only)

None None None

6 Times/Calendar Year

Individual/Group

Usage Deduction

None

None

None

Golf

24 Times/Calendar Year

10 Times/

Calendar Year

None None None None None

Spa

24 Times/Calendar Year

10 Times/

Calendar Year

None

None None None None

Annual Health Check

Discount

Member Contact Center

Government Concierges

**90 Days Report

1 Times/Calendar Year

None

1Times/Person

Calendar Year

None None None None

Yes Yes Yes Yes Yes Yes Yes

Yes Yes Yes Yes Yes Yes Yes

Yes Yes Yes Yes Yes Yes Yes

Yes Yes Yes Yes Yes Yes Yes

Upgrade

None None None None

None

THB 1,500,000

(VAT Included)

None

For more information about Thailand Elite Residency Program, feel free to contact us:

Email : pattaya@companyvauban.com

Call:+66(0)38-251-729

(Ref,: Thailand Business Supplement)

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

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


FITNESS & YOU

- THE KEY TO A BETTER LIFE -

WEIGHT TRAINING

FOR WOMEN

It’s still a large misconception

that women should not lift

weights and many women still

spend most of their time in the

gym on cardio machines. According

to statistics, only about

20% of women do strength

training as part of their workout

routine.

Pumping iron a few times a

week will not only trim inches

off your hips and waist, it can

transform your entire body and

your health. The benefits of

strength training can last hours

after a workout and can boost

your mood all day.

7 Benefits of Weight

Lifting for Women

1. Lose Body Fat

Weight training builds muscle,

as lean muscle increases

so does metabolism. A higher

metabolism means that you

will burn more calories all day

long. Studies found that the the

average woman who strength

trains two to three times a week

for two months will gain nearly

two pounds of muscle and will

lose 3.5 pounds of fat. For each

pound of muscle you gain, you’ll

burn 35 to 50 more calories

per day. That can really add up

over the long term; for example,

4 extra pounds of muscle can

burn up to 10 extra pounders

per year!

2. Gain Strength Without

Bulking

One of the most common reasons

women avoid weight training is

because they are afraid of “bulking.”

This is a misconception as it

physically can not happen. Women

simply don’t have the testosterone

to build muscle like men.

Women have 10 to 30 times less

testosterone than men and have

a much harder time gaining size

from strength training. Insead

women develop muscle definition

and strength without the size.

BUSINESS SUPPLEMENT

3. Decrease Risk of

Osteoporosis

Weight training not only

strengthens muscles, it

strengthens your bones. Weight

training increases bone density,

which reduces the risk of fractures

and broken bones. Research

has also shown weight

training can increase spinal

bone density to create a strong

and healthy spine.

4. Reduce Risk of Injury

Weight training also increases

strength in connective tissues

and joints. Strong joints, ligaments,

and tendons are important

to prevent injury and can

relieve pain from osteoarthritis.

Strengthening muscles and connective

tissue will make injury

from daily tasks and routine exercise

less likely, and can even

improve sports performance.

5. Burn More Calories

Weight training has been proven

to raise your metabolism for up

to 24 hours after a workout. The

more intense the workout the

more calories are burned. After

an intense workout there is more

excess post-exercise oxygen

consumption, or EPOC, meaning

there is an increase in oxygen

consumption, helping break

down fat stores in the body.

The Fitness Column is brought to you by:

Pattaya: 092-223-0477 / Bangkok: 02-185-1920

6. Improve Posture and

Reduce Back Pain

Weight-training will strengthen

your back, shoulders, and

core, helping to correct bad

posture so that you can stand

taller, with shoulders back and

spine straight. A stronger back

and core will also prevent lower

back pain

7. Enhance Mood and

Reduce Stress

Exercise and weight-training release

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Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


BUSINESS SUPPLEMENT

SUDOKU

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

and not too frustratingly hard, for the average person.

7 6

9

2

6

1

1

9

5

1

4

7

9

3

5

5

6

1

7

8

5

4

2 3

2

7

9

3

8 2

4

3

6

5

6

7

9

3

7

5

9

6

2 4

1

7

8

5

7 6 8

5 9 1

2 3 4

8 1 2

6 7 3

9 4 5

3 8 9

1 5 6

4 2 7

7 3 6

9 8 4

2 5 1

3 6 2

5 1 7

8 4 9

1 7 5

6 9 8

4 2 3

4 1 3

7 2 8

5 6 9

9 4 5

2 8 1

6 3 7

1 7 4

8 9 2

3 5 6

9 2 5

1 7 6

3 8 4

8 5 1

2 4 9

7 6 3

6 3 2

4 1 7

5 9 8

5 9 2

3 4 6

1 7 8

7 6 3

9 5 4

2 8 1

6 2 5

4 3 7

8 1 9

1 4 8

5 3 2

6 7 9

4 9 7

8 6 3

2 5 1

9 8 4

3 2 5

7 1 6

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

CROSSWORD

Last months sudoku answers

TRIVIA Quiz

ACROSS

3/ Pleasant (4)

5/ Impartial (4)

8/ Sharp pain (6)

10/ Consume food (3)

12/ Diffident (5)

13/ Occupational Health & Safety init. (3)

14/ Show purpose (6)

DOWN

1/ Innate (8)

2/ Elizabeth Regina (2)

4/ Domesticated feline (3)

6/ Difference of opinion (8)

7/ Presents (5)

9/ Byword (5)

11/ average-sized conurbation (4)

1. The two battles of Manassas Junction in the US Civil War are better

known by what name?

2. In what year did East Pakistan become independent and change its

name to Bangladesh?

3. Two English kings have never been crowned in Westminster Abbey

since William the Conqueror. Which two?

4. Aristotle was the tutor to which famous ruler?

1 2

3 4

5 6

7

8

9

5. Which Greek city is often called the birthplace of democracy?

6. The Peloponnesian War was fought from 431 to 404BC between which

two Greek states?

7. Who is generally accepted as the chief author of the American Declaration

of Independence?

8. Who was George W. Bush’s first Secretary of State?

9. Which US Supreme Court justice headed the investigation into the

assassination of president John Kennedy?

10. To which country was General Douglas MacArthur referring to when

he said “I shall return”?

10 11

12

13

1. Battles of Bull Run 2. 1971 3. Edward V & Edward VIII 4. Alexander the Great 5. Athens 6.

Athens and Sparta 7. Thomas Jefferson 8. Colin Powell 9. Earl Warren 10. The Philippines

Answers:

14

CROSSWORD ANSWERS

ACROSS 3/Nice 5/Fair 8/Twinge 10/Eat 12/Timid 13/OHS 14/Intent

DOWN 1/Inherent 2/ER 4/Cat 6/Argument 7/Gifts 9/Adage 11/Town

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

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

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


INDONESIA CUTS

INTEREST RATES FOR

THE THIRD TIME

THIS YEAR

Indonesia's central bank made

its third interest rate cut this year

in order to spur economic growth.

The country’s economy, which

has been hard hit by Covid-19,

was seen as needing further support.

The 0.25 per cent interest rate

cut took the benchmark rate down

to 4.25 per cent, its lowest level

for two years. The two previous

rate cuts this year were also 0.25

per cent each.

Eleven out of 30 analysts who

took part in a Reuter’s poll expected

no change, whilst eighteen

expected the cut to go ahead.

One analysis expected a larger

cut than 0.25 basis points.

In 2019 there were no less

than four other interest rate cuts

each of 0.25 per cent that saw the

benchmark rate fall by 100 basis

points during that year.

BUSINESS SUPPLEMENT

AROUND THE ASIAN REGION

LEADING CHINESE

E-COMMERCE COMPANY

JD.COM SEES

SUCCESSFUL IPO IN

HONG KONG

JD.com, China’s second

largest e-commerce company

saw its shares surge by six per

cent on the first day of its listing.

The IPO took place on the

Hong Kong stock exchange at a

time when Chinese companies

are facing difficulties listing in

the U.S. This follows the crash

of Luckin Coffee’s share price in

the U.S. due to an accounting

scandal.

Interestingly, JD.com is already

listed on the Nasdaq in

the United States and has been

since 2014. Yet the decision to

raise nearly US$4 billion

on the Hong Kong market will

have been welcomed by the

Hong Kong stock exchange.

JD's Retail Chief Executive

Officer Xu Lei, was quoted as

saying, “We have come to Hong

Kong not just because we want

to share our promise and development

with more clients... but

because we have absolute confidence

in China and the future

of China's economy,” adding,

“If JD wants to become a truly

global business, it needs more

international capital and not restrict

itself to a single country or

region.”

It is expected that other Chinese

companies will look to

Hong Kong for their listings and

not be too fazed about an inability

to list in the U.S.

TAIWAN AND OTHER

COUNTRIES IN ASIA

READY TO RECEIVE THAI

WORKERS

With both Taiwan and Thailand

both having seen Covid-19

virtually eliminated, The Labor

Ministry has approved a plan for

thousands of Thai workers to go

to Taiwan.

Minister, Chatu Mongol Sonakul,

was quoted as saying, "The

ministry made a decision based

on the health of workers. Taiwan

has not had Covid-19 cases for

a long while and it has respected

preventive measures.”

Ambassadors of other countries

have also approached

Thailand to seek approval for

Thai workers to go to their nations.

Chatu Mongol Sonakul, was

also quoted as saying, "These

countries see Thai laborers

as hard-working, honest and

strong. The government will

make a decision taking into account

the workers' health and

safety.”

The Department of Employment

expects to send up to

50,000 workers to countries

such as Japan, Israel, Singapore,

South Korea, Malaysia

and Taiwan over the next three

months.

: joykobeautysalon

Hair Design

JOYKO

Beauty Nail’s Salon

VC. Hotel Pattaya

Please contact

JOYKO BEAUTY SALON

to this number

Tel. (038) 713 192

JOYKO

BEAUTY SALON

Bangkok Bank

Free parking for cars & motorbikes

at the VC car park

Email: ben.hightowerltd@gmail.com

www.Thailand-Business-Supplement.com


at its very best!

Location: PATTAYA

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