Bangkok February 2021
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JAN / FEB 2021
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BANGKOK
BUSINESS
FIRST DRIVERLESS
MASS TRANSIT LINE
OPENED IN BANGKOK
Cover Story Overleaf
INSIDE THIS ISSUE:
- So Having Survived 2020, What Are The Key Technologies To Watch Out For In 2021?
- Bangkok Ranks As The 7th Most Affordable Office Market To Fit Out In Asia Pacific
- Thailand Should Push To Become a Leading Medical Hub
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Cover Story
BUSINESS SUPPLEMENT
FIRST DRIVERLESS MASS TRANSIT
LINE OPENED IN BANGKOK
The first mass transit
line in Bangkok featuring
driverless trains, namely
the Gold Line, opened in
mid December. The line
has a connection at Krung
Thon Buri station with the
Dark Green Line, widely
known as the BTS Silom
Line. It runs from there to
Khlong San station with a
stop at Charoen Nakhon on
the way.
............................................
The line employs what
is known as an automated
guide-way transit system.
It features Bombardier Innovia
APM300 automated
people-mover trains. They
use proven technology and
are very popular in airports
and in some urban settings.
Predecessors of the
APM300 were in service as
early as 1971, with the first
airport people mover system
opening at Tampa international
airport in Florida
in that year. Bombardier
acquired the holding company
in 2001 and continued
to develop new models.
............................................
You may well have taken
a ride on an APM300 or
an earlier model if you happen
to have been at Beijing
International airport or in
Kuala Lumpur’s main airport.
It is also widely used
in many other airports in
the United States, the UK,
Germany and Italy.
............................................
As for urban transportation
systems, the same or
similar driverless models
are used in Shanghai on
the Shanghai Metro Pujiang
Line as well as on the
Singapore LRT Bukit Panjang
LRT Line. The trains
can reach a speed of up to
80km per hour.
The Gold Line in Bangkok
was not part of the original
master plan for mass transit
services. The owners of
the Icon Siam development
suggested it 5 years ago to
provide access to the new
mall. The 3.8 Billion baht
cost of the project was fully
funded by the owner of Icon
Siam, (Siam Piwat Co Ltd.).
They stand to gain all of the
revenues and advertising
profits from the line for the
next thirty years, as well as
to reap the benefits of extra
customers coming to the
mall.
............................................
The recently opened
line is actually just the first
phase of at least three
phases planned for rollout
between now and 2023.
Eventually it will run all the
way to Prajadhipok Road in
Thon Buri District.
............................................
At the same time of the
launch of the Gold Line,
another mass transit line
opened, this being the last
leg of the Green Line. It has
seven new stations, namely,
Khu Khot, Yaek Kor Por Aor,
Royal Thai Air Force Museum,
Bhumibol Adulyadej
Hospital, Sai Yud, Saphan
Mai, and Phahon Yothin 59.
The overall Bangkok
mass transit master plan is
proceeding very well. There
will be more new lines opening
over the next 3 years
with the Dark Red and Light
Red Lines slated to open in
2021. The Dark Red Line
will run from Rangsit to
Bang Sue and the Light Red
Line will connect Bang Sue
with Taling Chan.
............................................
In 2022 the Pink Line will
open linking Khae Rai to
Min Buri and the Yellow Line
will commence services
between Samrong and Lat
Phrao.
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1. ARTIFICIAL
INTELLIGENCE (AI)
AI is undoubtedly one of the
biggest tech trends at the moment,
and during 2021 it will
become an even more valuable
tool for helping us to interpret
and understand the world
around us. The volume of data
we are collecting on healthcare,
infection rates, and the success
of measures we take to
prevent the spread of infection
will continue to increase. This
means that machine learning
algorithms will become better
informed and increasingly sophisticated
in the solutions they
uncover for us.
From computer vision systems
monitoring the capacity
of public areas to analyzing the
interactions uncovered through
contact tracing initiatives,
self-learning algorithms will spot
connections and insights that
would go unnoticed by manual
human analysis. They will help
us predict demand for services
from hospitals and other healthcare
providers, and allow administrators
to make better decisions
about when and where to
deploy resources.
For business, the challenge
will be to understand the changing
patterns of customer behavior.
More human activity will take
place online – from shopping
and socializing to virtual working
environments, meetings, and recruitment
2. ROBOTICS, DRONES, AND
VEHICLE AUTOMATION
As the volume of passengers
using public transport fluctuates
from week to week, depending
on local conditions, initiatives
around self-driving vehicles will
continue at an increasing pace.
Driving efficiency across public
transport networks will be a
priority for service providers as
well as civic authorities, where
reducing human labour costs
BUSINESS SUPPLEMENT
“Bits n Bytes”
will help balance the uncertainty
around customer demand.
In recent years we have
seen the emergence of robots
in the care and assisted living
sectors, and these will become
increasingly important, particularly
when it comes to interacting
with members of society who
are most vulnerable to infection,
such as the elderly. Rather than
entirely replacing the human interaction
with caregivers that is
so important to many, we can
expect robotic devices to be
used to provide new channels of
communication, such as access
to 24/7 in-home help, as well as
to simply provide companionship
at times when it may not be
safe to be sending nursing staff
into homes. Additionally, companies
finding themselves with
premises that, while empty, still
require maintenance and upkeep,
will turn to robotics providers
for services such as cleaning
and security. On my last visit
to Bangkok Hospital Pattaya, I
noticed an autonomous cleaning
robot hard at work!
Drones will be used to
deliver vital medicine and,
equipped with computer vision
algorithms, used to monitor
footfall in public areas in order
to identify places where there
is an increased risk of viral
transmission.
STEVE DICKENS
SO HAVING SURVIVED 2020, WHAT ARE THE KEY TECHNOLOGIES TO
WATCH OUT FOR IN 2021?
3. THE AS-A-SERVICE
REVOLUTION
“As-a-service” – the provision
of services that we need
to live and work through cloudbased,
on-demand platforms
– is the key that has put the
other tech trends we talk about
today in reach of anybody. It’s
the reason why AI and robotics
are a possibility for just about
any business or organization,
regardless of their size or budget.
Thanks to cloud offerings
from companies like Google,
Microsoft, Amazon, and an
ever-growing horde of startups
and spinoffs, innovators in all
fields can deploy cutting-edge
tech with little upfront investment
in tools, equipment or
specialized people.
As the ongoing pandemic
rages around the world, we
have clearly seen that companies
that rely on cloud to
provide scalable solutions asa-service
are prospering. Take
Zoom, for example, which has
quickly become a household
name thanks to the speed with
which it was able to add servers
and increase its coverage and
quality of service.
4. EXTENDED REALITY (XR) –
VIRTUAL AND
AUGMENTED REALITY (VR/MR).
These terms cover technology
that uses glasses or headsets
to project computer-generated
imagery directly into the
user's field of vision. When it
is superimposed over what the
user is viewing in the real world,
it is AR. And when it is used to
place the user into an entirely
computer-generated environment,
it is VR.
During next year we can
again expect to see these,
in conjunction with the other
trends discussed here, assisting
in tackling challenges posed
by the current world situation.
Largely this will involve allowing
us to avoid potentially dangerous
situations where there could
be a risk of viral transmission.
For example, medical examinations
and diagnosis can increasingly
be carried out remotely. A
solution available to opticians
allows eye tests to be carried
out entirely in VR, as high-definition
cameras give a clear image
of the patient's eye. An AR
tool then allows the customer to
browse the range of glasses on
offer and see what they look like
on their own face without having
to leave their home.
We will also see an increase
in the use of VR and AR tools
within education. This will reduce
the need for us to work in
crowded classroom conditions
– if not totally, then at least in
areas and during times when it
is known that transmission rates
are high.
Let’s hope that at least technology
will improve our lot in
2021.
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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MOS BURGER TO
EXPAND TO 90 OUTLETS
Mos Burger (Thailand) aims to
open 90 branches by 2024, up from
its current 16 outlets. The Covid-19
era has not fazed the company, indeed
it is focusing on the advantages
that it brings.
Chief executive Surasak Jintananarumit
was quoted as saying,
"The Covid-19 outbreak offers us
a great opportunity to acquire new
retail space to open our shops next
year,” adding, “The pandemic not
only boosted Mos Burger's brand
visibility, but also raised awareness
about food safety, benefiting us because
of our focus on cleanliness.”
Japanese based Mos Burger
had a great start in Thailand thirteen
years ago, as unprecedented
queues were pictured outside its
Central World branch. The brand’s
arrival was hailed as a craze that
was unlikely to be short-lived.
As for the future expansion
plans, look out for new outlets in
BUSINESS SUPPLEMENT
THAILAND BUSINESS NEWS
Mega Bangna, Central Pinklao and
CentralPlaza Westgate in Bangkok
amongst many other places.
The company also plans to expand
into the provinces with an outlet
to be opened in Central Complex
in Sri Racha.
SMARTPHONE SALES
DECLINE IN THAILAND
According to global research and
advisory firm Gartner, smartphone
sales in Thailand in the third quarter
of 2020 dropped 7.6% compared to
the same period last year. A total of
4.7 million units were sold against 5
million in the third quarter of 2019.
The decline in Thailand came at a
time of a worldwide drop of 5.7 per
cent.
Anshul Gupta, senior research
director at Gartner, was quoted as
saying, “Consumers are limiting their
discretionary spend even as some
lockdown conditions have started to
improve.”
The commencement of 5G offerings
didn’t make much of a positive
impact, although in future this may
become an important factor for people
deciding to refresh their phones
for newer models.
On a global level, Samsung was
still the leading brand, clocking up
sales of 80.8 million units representing
22% of market share.
Huawei took second place with
14.1 per cent of market share, followed
by Xiaomi with 12.1 per cent.
Apple dropped to fourth position
with 11.1 per cent of market share
and sales amounting to 40.6 million
units.
KASIKORN BANK TO
MAINTAIN ITS BRANCH
NETWORK
Even though much more banking
is done these days with mobile
applications, online banking portals
and ATMs, Kasikorn Bank (KBank)
intends to maintain its branches,
currently numbering 873. Although
a few branches will relocate where
there is an overlap, the overall total
will not be cut. It will also retain all its
19,990 staff.
This will come as welcome news
to consumers, at a time when some
other large businesses are reducing
their brick and mortar branches in
favor of less friendly call centers and
digital services.
Bank branches are considered
superior when it comes to discussing
loans, mortgages, complicated
financial instruments and debt relief
especially during the Covid era.
As well, many customers still value
in-branch banking for its personal
touch.
KBank co-president, Patchara
Samalapa, was quoted as saying,
”With services provided by
staff members based at physical
branches nationwide, this allows us
to ensure customers have a better
understanding of debt solutions and
can ease their financial burden at
this difficult time. Human resources
and face-to-face services are still
required in the digital age."
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BUSINESS SUPPLEMENT
FOREIGN CURRENCY UPDATE
THE U.S. DOLLAR
The U.S. Dollar lost ground and
hit a two-and-a-half year low
as confidence in the currency
ebbed, adding to losses in the
previous month. The DXY Dollar
index, the index that measures
the U.S. Dollar’s value against
a basket of major currencies,
fell from 92.64 down to 90.98.
With more stimulus expected,
even a scaled-back plan will
still mean the printing presses
will be hard at work. Against the
Thai Baht, the U.S. Dollar briefly
dipped below the all-important
30.00 level to hit 29.98, before
rebounding to 30.07. Whether
or not the Baht will be subject
to central bank intervention in
the future remains to be seen,
but the 30.00 mark could well
be an area where defenses are
mounted.
THE BRITISH POUND
The British Pound rose from
1.3181 to a high of 1.3519 likely
due to dollar weakness and also
on hopes of a breakthrough on
the Brexit front. As Brexit talks
became more complicated the
Pound retreated back to 1.3232
but remained volatile as deadlines
were extended. Vaccine
rollout news did little to move
Sterling’s value, with the UK
stock market making gains instead.
Against the Thai Baht,
the Pound rose to 40.70 before
falling back to 39.84. Going forward,
GBP/THB rates will likely
be kept in check by the spectre
of a weak dollar.
THE JAPANESE YEN
The Japanese Yen once again
strengthened against the U.S.
Dollar moving from 105.24 to
104.02 but this time held on to
the gains. With stock markets
looking as though they have the
potential to top out, and with
the dollar falling out of favor,
there is a chance that the Yen
could see more strength.
Against the Thai Baht, the Yen
rose from 0.2849 to 0.2899 before
moving back to 0.2871.
THE RUSSIAN RUBLE
After 6 months of a generally
weakening trend the fortunes of
the Ruble reversed and the currency
strengthened from 77.60
to the U.S. Dollar to 72.88,
more than a six per cent move.
This puts it back to levels last
seen in September. Yet volatility
remains elevated and as a
result, future direction is hard
to predict. The Ruble strengthened
against the Thai Baht
from a low of 0.3910 to reach
0.4130, reversing last month’s
move.
THE EURO
The recent consolidation of
the EUR/USD cross rate gave
way to a strong upside breakout
with the Euro moving from
1.1784 all the way to 1.2117.
As the main constituent in the
basket of currencies that the
USD trades against, it is unsurprising
that the Euro would take
up the slack on the other side
of the Dollar’s weakness. This
comes even in spite of the fact
that the ECB continues to take
an easing bias. Against the Thai
Baht the Euro rose from 35.59
to 36.44 a rise of nearly 2.5 per
cent.
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AROUND
BANGKOK
E8 Phra Khanong
E10 On Nut
E11 Bang Chak
E12 Punnawithi
E13 Udom Suk
E14 Bang Na
E15 Bearing
E16 Samrong
MRT Tickets
MRT Single Journey Token
Bangkok MRT Single Journey Token
Single Journey Token is an electronic plastic chip that all single-journey passengers have to touch it on the top surface of the
entry gate and drop out to the slot of the exit gate when departing. Rates depend on the distance of starting and ending stations.
MRT PLUS / MANGMOOM Cards – Adult
● Mangmoom Card - Adult
- Mangmoom: The minimum value for the first issue is
150 baht (100 baht travel value + 50 baht card deposit). No
issuing fee.
- Can be added value 100 THB/Time at ticket offices.
● MRT PLUS – Child
- For a child under 14 years old and 91-120 cm tall.
- MRT Plus: The minimum value for the first issue is 180
baht (100 baht travel value + 50 baht card deposit + 30 baht
issuing fee).
- ID Card must be presented when required.
- Can be added value at least 100 THB at ticket Vendor.
- Each top-up must be at least 100 baht and the total value
must not exceed 2,000 baht.
- Can be issued at Purple Line ticket offices.
- Can be used at all stations of Blue and Purple lines.
- Can be used for car parking at Purple Line Parking Building
- Can be refunded (except a card is lost).
● MRT PLUS - Adult
- MRT Plus: The minimum value for the first
issue is 180 baht (100 baht travel value + 50 baht
card deposit + 30 baht issuing fee).
- Can be added value at least 100 THB at ticket Vendor.
MRT PLUS / MANGMOOM Cards – Student
- For an adult aged 24 – 59 years old.
- Each top-up must be at least 100 baht and the total value
must not exceed 2,000 baht.
- Can be issued at Purple Line ticket offices.
- Can be used at all stations of Blue and Purple lines.
- Can be used for car parking at Purple Line Parking Building
- Can be refunded (except a card is lost).
BTS Tickets
● MRT PLUS - Student
- MRT Plus: The minimum value for the first issue is 180
baht (100 baht travel value + 50 baht card deposit + 30 baht
issuing fee).
- Can be added value at least 100 THB at ticket Vendor.
MRT PLUS / MANGMOOM Cards – Senior
● MRT PLUS - Senior
- MRT Plus: The minimum value for the first issue is 180
baht (100 baht travel value + 50 baht card deposit + 30 baht
issuing fee).
- Can be added value at least 100 THB at ticket Vendor.
High Tower Co., Ltd. Tel: 038 411 009
● Mangmoom Card- Student
- Mangmoom: The minimum value for the first issue is
150 baht (100 baht travel value + 50 baht card deposit). No
issuing fee.
- Can be added value 100 THB/Time at ticket offices.
- For a student age not over 23 years old.
- ID Card or Student Card must be presented when required.
- Each top-up must be at least 100 baht and the total value
must not exceed 2,000 baht.
- Can be issued at Purple Line ticket offices.
- Can be used at all stations of Blue and Purple lines.
- Can be used for car parking at Purple Line Parking Building
- Can be refunded (except a card is lost).
● Mangmoom Card - Senior
- Mangmoom: The minimum value for the first issue is
150 baht (100 baht travel value + 50 baht card deposit). No
issuing fee.
- Can be added value 100 THB/Time at ticket offices.
- For a senior aged 60 years old up.
- ID Card must be presented when required.
- Each top-up must be at least 100 baht and the total value
must not exceed 2,000 baht.
- Can be issued at Purple Line ticket offices.
- Can be used at all stations of Blue and Purple lines.
- Can be used for car parking at Purple Line Parking Building
- Can be refunded (except a card is lost).
STANDARD RABBIT CARD
There are three kinds of Standard Rabbit Card, namely Adult, Student and Senior,
● Standard Rabbit Card are available for sales at all BTS Ticket Offices.
● Standard Rabbit Card can be obtained for 200 Baht, which include 100 Baht issuing fees and 100 Baht
initial stored values.
● There is no annual fees for Standard Rabbit Card.
● Subject to the rules and regulations of BTS, Student Rabbit Card and Senior Rabbit Card will enjoy
special fare discounts and promotions when travelling on BTS.
● Student Rabbit Card may only be used by current full-time students, aged not over 23 years, a valid ID
may be requested on purchase and/or usages.
● Senior Rabbit Card may only be used by Thai Senior Citizens aged 60 years and over, a valid ID may be
requested on purchase and/or usages.
STANDARD RABBIT CARD FOR ADVERTISING
● Standard Rabbit Card for Advertising is a normal Rabbit card with special printed graphics specificity
designed for our business partner to promote their company or product through the front of a Rabbit card
within a certain period of time.
● Standard Rabbit Card for Advertising will be available for sales at all BTS Ticket Offices.
SPECIAL RABBIT CARD
● Special Rabbit Card is a limited edition that is issued and sold by Bangkok Smartcard System Company
Limited.
● Special Rabbit Card can be issued to celebrate special occasions, or as souvenirs or collectable items.
● Special Rabbit Card can be provided in various form factors such as cards, other products and devices.
CORPORATE RABBIT CARD
● For companies that wish to issue their own Rabbit card with customized graphics.
CO-BRANDED RABBIT CARD
● Issued by financial institutions or corporations that wish to add standard Rabbit card functionalities into
credit cards, debit cards, or other card types or devices.
For all your advertising enquiries - Tel: 0846 77 43 60
HOW TO MAKE MORE SALES
USING THE SCIENCE OF
NEUROMARKETING
BUSINESS SUPPLEMENT
First of all, neuromarketing isn’t
as complicated as it sounds. It simply
takes long known psychological
facts and implements them into
marketing.
Let’s start with the area of web
copy, instead of talking about your
product and what it can do - write
about your customer and what they
get from it.
EXAMPLE 1
Our product has a range of benefits
to increase sales and maximise
profit.
EXAMPLE 2
You will sell more of your products
and make more profit from
your website with this product.
Which sentence entices you
more to buy? Most people say sentence
2.
Neuromarketing appeals to the
unconcious mind or the old brain,
the part that is associated with
survival, food and sex - the most
primitive part of our brain.
This part of the
brain is wired to be
selfish, to take care
only of ourselves.
That’s why we
need to use the
words you and
yours a lot to attract
and
keep the interest of users.
We can also take advantage of
the power of reprocity, when you do
something for someone they feel
obliged to give something back so
handing out a freebie is always a
great way to start. Do you remember
when charity donation forms
came through the door? They often
came with a free pen!
The unconcious mind is also
trained to notice change, so any
moving items on a website are likely
to attract it. Rotating banners and
banners are a good way to show
change on your website, just stay
away from full width sliders as they
slow your website down and reduce
conversion rates.
Users are most likely to buy
from someone who is similar to
them and who they find attractive,
so try to add photos of yourself and/
or your team onto the website and
make them more casual than business
like.
Add plenty of testimonials and
social proof to your website and include
as much information as you
can about your reviewers: name,
company, location and a photo if
possible.
This gives your users a sense
of security that other people similar
to them have bought and liked your
product.
Neuromarketing and design
are the future of online sales, if
you would like to know more then
please contact Gemma via email -
gemma@pdsconsultingsolutions.
com
Gemma Purnell
+66 33 039 399
gemmapurnell.com
gemma@gemmapurnell.com
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
THAILAND SHOULD PUSH TO BECOME A LEADING MEDICAL HUB
Thailand may be famous as
a tourist destination, but not so
much as a hub of medical excellence.
Of course plenty of people
come to the Kingdom for medical
treatment, and after doing some
research it is clear to see that
Thailand can offer superior medical
care often at a lower cost than
other countries.
Yet Thailand has not fully solidified
its place as a major medical
hub and does not widely enjoy this
status on the world stage just yet.
At a recent forum held by
Forbes Thailand called 'Thailand's
Mega Trends Forum 2020' the
positive and negative impacts of
becoming a leading medical hub
were discussed. The opportunity
exists for Thailand to become
South East Asia‘s first medical hub
before new pandemics emerge.
The dean of Siriraj Hospital's
Faculty of Medicine, Dr. Prasit
Watanapa, was quoted as saying,
"Humans, animals and the environment
are intertwined. As long
as we cause climate change, we
will face new diseases, as the migration
of [animal] vectors brings
about the rapid spread of viruses,”
adding, "Covid-25 and Covid-30
will come. Three months ago, I
warned of a second wave [of the
coronavirus]. We should learn to
tackle it and identify an opportunity."
He noted that there had been
four other pandemics already
in just the last 20 years including
SARS, ZIKA, Swine Flu and
MERS, but these had been more
successfully con- tained
worldwide than
the current Covid
19 outbreak.
As well,
prevention
should be
a priority
since vaccines
may
be in short
supply at critical
times as
developed nations
rush to secure hundreds
of millions of
doses.
Dr. Prasit
Watanapa was also
quoted as saying,
"Our local development
is very limited
because we still import
vaccines from abroad.
However, vaccination is
now a matter of national security,"
adding, "I don't think CLMV [Cambodia,
Laos, Myanmar and Vietnam]
countries will set up vaccine
factories. Indonesia is the only
exception [in the region]. Thailand
should tap into this opportunity
now that we know our strengths in
handling Covid-19."
Technology should also play
a leading role in diagnostics and
tracing. IT systems should better
help communication of health
protocols as well as improve
the targeting of medical
care.
Dr. Prasit Watanapa
was further quoted as saying,
"If we can enhance our
health literacy, everything
will become much
more convenient.
We
can
predict the risk of cancer, drug
allergies, and optimize medical
procedures. With the help of AI
technology we have received from
China, we have been able to diagnose
Covid-19 much faster and
with increased accuracy," adding,
"5G technology has helped support
telemedicine. Currently, we
are collaborating with Huawei to
develop AI and Deep Learning
technology for healthcare, which
other countries in the region are
not able to do. Thailand is
a leader.”
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
READY
TO MOVE IN
LUXURY LIVING AT
AFFORDABLE PRICES
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
Trattoria Pizzeria
Fresh
From
Our
Farm
Experience the authentic taste of Tuscany,
right in the heart of Pattaya
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
Reservations:
081-861-3446
Beach Road, Pattaya, after Soi 6/1
* FREE PARKING
tirreno@ptty2.loxinfo.co.th
: Trattoria Pizzeria Toscana
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.
BUSINESS SUPPLEMENT
JUST THE STATISTICS
THAILAND’S LARGEST
SHOPPING MALLS
Thailand is famous for its
abundance of opulent and sizeable
shopping malls even at a
time when more and more shopping
is done online.
Malls enable customers to
touch and feel goods, engage
in real world retail shopping with
immediate satisfaction and dine
at a wide choice of restaurants.
Whilst many of Thailand’s
largest malls are in Bangkok
there are plenty outside of the
capital too.
The largest shopping mall
in Thailand is the CentralPlaza
Westgate Mall in Bang Yai, Nonthaburi
with a total gross leasable
space of 550,278 square
meters. It was opened in 2015
and incudes a Central department
store, an Ikea store and a
Cineplex.
In second place is the iconic
Icon Siam mall in Bangkok with a
leasable area of 525,000 square
meters. A dazzling fountain show
using high-pressure water jets attracts
visitors as well as the mall’s
riverside location.
The well-established Central-
World and the famous Siam Paragon,
both in central Bangkok, take
3rd and 4th positions with 429,000
and 300,000 square meters of
leasable space respectively.
Outside of Bangkok, in 5th position,
is Central Phuket, also with
300,000 square meters of leasable
area
CentralPlaza Nakhorn Ratchasima,
Future Park Rangsit, Kadsuankaew
in Chiang Mai, Central
Festival Pattaya Beach, and Mega
Bangna in that order take the remaining
five positions in the top
ten. All have over 200,000 square
metres of leasable space.
MOST POPULAR CARS
AND PICKUP TRUCKS
IN THAILAND
Thailand’s best selling vehicles
continue to be dominated by
pickup trucks but there have been
some interesting changes over the
years.
In 2020 the Toyota Hilux was, at
the time of writing, the best selling
model overall with sales of 107,110
units. The Isuzu D-Max was in
close second place with 106,346
vehicles sold.
The feature is available for
both smartphone and PC versions
of LINE.
LINE Meeting is suitable for
daily usage, both for Work From
Home and for Stay at Home
Key functions:
• Quickly creating a URL to
invite other LINE users to a meeting
• Meeting windows can be
minimized, allowing attendees to
answer chats, and type replies to
an automatically created special
chat room for the meeting that
will disband after the meeting
• LINE Meeting supports LINE
Group VDO Call, which is suitable
for work and pleasure. The
function is available for both
smartphone and PC version of
These two models have been
in a tussle for first position for the
last 18 years, with the Toyota Hilux
making the top spot every year
from 2006 to 2016 and the D-Max
in second place for most of those
years. In 2017 the D-Max took the
top position but gave it up the following
year.
The Ford Ranger, another pickup
model, did well in 2017, 2018
and 2019 reaching third place but
slipped to sixth position in 2020
with 19,982 units sold, about a fifth
of the two frontrunners.
Away from the pickup market,
the now very easy to spot Mazda 2
with its quite distinctive shape was
the top selling sedan car in 2018
and 2019 and third best in 2020
with 21,323 vehicles driven off the
forecourt in the latter period.
Other top selling sedans have
been the Toyota Yaris and the Honda
City, coming in at 3rd and 4th
place respectively for all vehicles
in 2020.
Mitsubishi’s Triton pickup put in
a respectable showing scoring 7th
position and Honda did well with its
Jazz model in 2020, with the car
coming in at 9th place.
A notable new entry into the top
10, in tenth place, was the Nissan
Almeria with 15,517 units sold.
LINE REVEALS THE SKYROCKETED USAGE
OF "LINE VDO CALL" AND "LINE MEETING"
Proven its mission of Closing
The Distance and perfect features
for Work From Home practice
LINE Thailand solidifies its
position as the number 1 chat
platform among Thais, revealing
that the usage of LINE VDO Call
and LINE Meeting increased by
400% and 480% respectively
since the beginning of 2021. The
development is in line with the
new wave of COVID-19 outbreak
and the embrace of Work From
Home policy in Thailand. These
features make working at home
simple and effective, while staying
connected with friends and
family at all times.
The COVID-19 pandemic --
which started in 2020 -- forced
Thais to adopt online tools in
works and communications as
their daily drivers. When the
new wave of outbreak broke out
at the beginning of 2021, LINE
users went back to using Group
VDO Call and checked out the
recently debuted LINE Meeting
for both business and pleasure.
As a result, Group VDO Call usage
skyrocketed by more than
400% (on January 5th compared
to January 3rd). Meanwhile,
LINE Meeting -- a newly debuted
feature that allows LINE users
to attend meetings without being
friends -- saw its usage rise
by more than 480% (on January
5th compared to January 3rd).
The development reflects the
popularity of the platform and its
features that satisfy the need of
users in terms of social affairs and
communications, be it personal affairs
or works. The majority of usages
were from Smartphones, with
"Youth" being the most popular filter
and "Christmas" being the most
popular effect.
With LINE Meeting, users can
create a link to an online meeting
and share it to other LINE users
without creating a chat room or inviting
users to a chat group, complete
with a background image and
facial filters to customize avatars.
LINE*, with the maximum capacity
of 500 attendees
• LINE Meeting organizer can
remove unwanted attendees from
a session, making LINE Meeting
secured and free from disturbing
or ill-mannered attendees
• LINE Meeting also has other
useful functions that will make
your meetings smooth, such as
"Watch Together" that shares a
screen or a YouTube video during
a meeting, complete with a myriad
of effects and filters* that can be
previewed, as well as read-to-use
and customizable background
images, i.e. blurring background
image for outdoor meeting
LINE has become the 5th essential
element of the Thai people,
an important channel in living
with the New Normal that makes
lives simpler, while closing gaps
between people and information
and services, via the use of technology.
LINE became a platform that
understands Thais and a Life
Infrastructure that truly satisfies
their ever-changing lifestyles.
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
EXIM Thailand has collaborated
with FedEx, a global provider
of express transportation
and one of the world's largest
express transportation companies,
to promote international
trade among Thai entrepreneurs
and SMEs via a digital platform.
EXIM Thailand aims to offer both
export credit and export credit
insurance facilities.
Mr. Pisit Serewiwattana,
President of Export-Import Bank
of Thailand (EXIM Thailand), revealed
that EXIM Thailand had
entered into a Memorandum
of Understanding (MOU) with
FedEx Express International
(Thailand) Limited (FedEx) to
promote Thailand's international
trade via a digital platform. The
MOU promotes mutual cooperation
towards data connection
and activities to provide entrepreneurs,
especially Small and
Medium Enterprises (SMEs),
with in-depth international trade
knowledge and better access
to international business opportunities.
EXIM Thailand will
provide funding and financial
advice and a risk-hedging facility
tofacilitate international trade
so small businesses can trade
online with confidence and without
concerns about payment defaults
by overseas buyers. FedEx
will support EXIM Thailand's
customers by offering logistics
solutions for fast and reliable
delivery and access to markets
in the domestic and international
network. FedEx Express serves
customers in more than 220
countries and territories.
"The collaboration between
EXIM Thailand and FedEx is
expected to grow Thailand's international
trade by more than 5
billion baht a year. This collaboration
will enable both companies
to be more responsive to
behaviors of today's consumers
who look for goods and services
that are made available on safe
and speedy platforms. This
strategic alliance supports the
Bank's strategy of developing
and expanding Thai trade and
investment globally, to help drive
Thailand's export and economic
recovery," added Mr. Pisit.
BUSINESS SUPPLEMENT
EXIM THAILAND WORKS WITH FEDEX TO
SUPPORT THAI EXPORTERS WITH FINANCIAL
FACILITIES AND INTERNATIONAL BUSINESS
OPPORTUNITIES VIA DIGITAL PLATFORM
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT
MITSUBISHI MOTORS THAILAND CELEBRATES THE FIRST
MITSUBISHI OUTLANDER PHEV PRODUCTION UNIT IN THAILAND
Mitsubishi Motors (Thailand)
Co., Ltd. celebrates NEW MITSUB-
ISHI OUTLANDER PHEV - 'The
First Production Unit in Thailand
Ceremony' at its Proving Ground
in Si Racha, Chonburi, signifying a
new milestone for Mitsubishi Motors
Thailand towards sustainable
mobility. The event was presided
over by Mr. Suriya Jungrungreangkit,
Minister of Industry and Mr.
Kazuya Nashida, Ambassador Extraordinary
and Plenipotentiary of
Japan. Both the minister and the
ambassador experienced the first
driving of the vehicle in accompany
with Mr. Morikazu Chokki, President
and CEO, Mitsubishi Motors (Thailand)
Co., Ltd. and Mr. Thawatchai
Srithong, Vice Governor of Chonburi
province joined the event also.
With the occasion of the first
Mitsubishi Outlander PHEV unit produced
in Thailand, Mr. Suriya Jungrungreangkit
, Minister of Industry
said that "The ceremony is a significant
milestone for Mitsubishi Motors
Thailand as it proves the company's
leadership in creating a sustainable
future through its advancement of
automotive technology and electrification
which are allied to the government
agenda to advance green
technology and innovation as well
as reduce environmental footprint
for a greener future and a more
sustainable economy. We currently
emphasizes on the new development
model, the BCG Model which
directs Thailand towards Bio Economy,
Circular Economy and Green
Economy. The Eco Car and the transition
into production base for electric
vehicles are what we are focusing.
In the next 10 years, we aims
to increase EV production to 30%
of total car production in the country.
Consequently, the government
has planned the several measures
to promote the investment of electric
vehicles, to stimulate domestic
demand, and to prepare all needed
infrastructures to foster EV industry
in Thailand."
Mitsubishi Motors has invested
over 3,000 Million baht to produce
THE OUTLANDER PHEV, one of
the most cutting-age technology of
automotive vehicle in its history, at
the Laem Chabang factory in Thailand.
It can be said that Thailand is
Mitsubishi Motors Corporation's first
PHEV production factory ever established
outside Japan.
for Thai customers.
Mr. Morikazu Chokki, President
and CEO, Mitsubishi Motors (Thailand)
Co., Ltd., said,
"The Outlander PHEV is not
only the world first Plug-in Hybrid
SUV but also the world's best -selling
PHEV. The secret of its world's
best-selling is that it is a combination
of legendary Mitsubishi Motors'
DNA, including "Pajero", our legendary
SUV "Mitsubishi Lancer Evolution",
the king of World Rally Championship
that brought the superior
performance legend of Super All-
Wheel Control (S-AWC) technology
and "i-MiEV" the world's first electric
vehicle mass production. The vehicle
then, is not only a good choice of
alternative fuel vehicle for Thai customers,
but it provides a comfortable
and high driving performance also."
"Thailand is firmly Mitsubishi
Motors' main production and
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Mr. Takao Kato, Chief Executive
Officer of Mitsubishi Motors Corporation
said, "Thailand and ASEAN
are a vital growth driver in MMC's
new mid-term business plan an
nounced in July this year. Driving
the growth of Thai economy, we
are committed to contributing to the
preservation of the environment of
the country through the introduction
of THE OUTLANDER PHEV. Mitsubishi
Motors Thailand is chosen to
be the first country in the world outside
Japan to produce this flagship
model -THE OUTLANDER PHEV as
the mark of our confidence in Thailand's
potential for domestic growth
and the Laem Chabang Factory production
capability which is also the
MMC's global production hub".
The production of Mitsubishi
Outlander PHEV in Thailand has
presented Mitsubishi Motors'mission
to respond to the Thai government
policy that aims to driving
Thailand to be production base for
the electric vehicles. The vehicle
itself has been designed with the
advanced and eco-friendly technologies
for the future. It is the first
Thai-Made Japanese PHEV that will
offer environmental-friendly solution
export hub and we remain committed
to strengthening our position
in Thailand. In 2018, we achieved
the five-million unit production milestone.
In 2019, we celebrated
exporting 4 Million vehicles and
was ranked No. 1 among car exporters.
Earlier this year, we have
commenced the New Paint Factory
and Factory Reconstruction Project
with the investment of more
than 7 Billion baht. Today, we celebrate
another milestone to produce
the first unit of the new Mitsubishi
Outlander PHEV. And I am deeply
grateful to the Thai government,
the Ministry of Industry, Thailand's
Board of Investment, and everyone
for the support provided to Mitsubishi
Motors Thailand and for bringing
us to this milestone." added Mr.
Chokki.
Mitsubishi Motors Thailand has
put maximum capacity to produce
the vehicle at the Laem Chabang
factory. It has planned to deliver the
Mitsubishi Outlander PHEV to Thai
customers by mid of January 2021.
The vehicle is now available for
booking at PHEV Authorized Dealers
of Mitsubishi Motors Thailand
nationwide.
High Tower Co., Ltd. Tel: 038 411 009
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT
ERICSSON PROJECTS THAT FOUR OUT OF EVERY
TEN MOBILE SUBSCRIPTIONS IN 2026 WILL BE 5G
Ericsson (NASDAQ: ERIC)
projects that four out of every ten
mobile subscriptions in 2026 will be
5G. This forecast is included in the
latest edition of the Ericsson Mobility
Report. Current 5G uptake in
subscriptions and population coverage
confirms the technology as
deploying the fastest of any generation
of mobile connectivity. The
report estimates that by the end of
2020, more than 1 billion people -
15 percent of the world's population
- will live in an area that has
5G coverage rolled out. 220 million
global 5G subscriptions are also
expected by the end of this year.
In 2026, 60 percent of the world's
population will have access to 5G
coverage, with 5G subscriptions
forecast to reach 3.5 billion, estimated
to account for more than 50
percent of mobile data traffic at that
time. In South East Asia and
Oceania, 5G is predicted to be the
second most popular technology in
2026, only behind LTE, surpassing
380 million subscriptions and accounting
for 32 percent of all mobile
subscriptions.
Nadine Allen, Head of Ericsson
Thailand, says: "5G will enhance
existing digital services and use
cases like video streaming, sports
streaming, mobile gaming and
smart home services. Augmented
Reality (AR) alone is likely to
drive more than half of all overall
immersive media revenues for service
providers compared with other
services like cloud gaming,VR content
and in-venue digital services.
AR gaming is likely to be the main
initial driver for AR. Other application
areas for AR, such as TV and
video viewing, home planning and
school and educational usage,
will follow.""Being the first nation
in Southeast Asia to roll out 5G,
people in Thailand have already
started to experience some of the
key benefits of 5G for consumers.
Meanwhile, Ericsson Thailand is
working closely with the Royal Thai
Government as well as the ecosystem
players in Thailand to support
the country's digital transformation,
which mainly involves Industry 4.0
and 5G for enterprises. The success
of 5G in the consumer market
will be crucial for service providers,
underpinning the network expansion
to enable them to also target
new use cases for industries and
enterprises." In South East Asia
and Oceania, total mobile data traffic
continues to grow steadily with
a compound annual growth rate
(CAGR) of 33 percent for the
forecast period. It is expected to
reach 32EB per month in 2026,
equivalent to 33GB per month per
smartphone. Growth in mobile
data consumption has translated
into more diversified and generous
data plans from mobile operators
across different geographies. The
second half of this year has also
seen a number of commercial 5G
launches in South East Asia and
Oceania with live networks now
in Australia, New Zealand and
Thailand. Upcoming spectrum
auctions planned for 2021 in countries
like Vietnam and Malaysia will
bring additional 5G deployments
next year. The Ericsson Mobility
report highlights why 5G success
will not be limited to coverage or
subscription numbers alone. Its
value will also be determined by
new use cases and applications,
the first of which have already
started to emerge. Critical IoT, intended
for time-critical applications
that demand data delivery within a
specified time duration, will be introduced
in 5G networks. This will
enable a wide range of time-critical
services for consumers, enterprises
and public institutions across
various sectors, with 5G public
and dedicated networks. Cloud
gaming is another emerging application
category. The combined capabilities
provided by 5G networks
and edge compute technologies
will enable game streaming services
on smartphones to compete
with a quality of experience (QoE)
that is on par with PC or console
counterparts, opening up for innovative,
immersive games based on
mobility.
According to the new Harnessing
the 5G Consumer Potential
report from Ericsson ConsumerLab,
the 5G consumer market
could be worth USD 31 trillion
by 2030 globally, with communications
service providers
(CSPs) earning USD 3.7 trillion
of that total - a figure that could
increase further as new adjacent
digital services opportunities
arise. In South East Asia,
Oceania and India the report
estimates that CSPs could earn
USD 297 bn in 5G-enabled consumer
revenues by 2030. 79%
of the total service provider 5G
digital services revenue , estimated
at 7.5B USD by 2030,
will be driven by enhanced
video and HiFi music. 5G digital
services include video, music,
gaming, augmented/virtual
reality and consumer IoT services.
Download the November
2020 edition of the Ericsson
Mobility Report.
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.
We will publish the solutions in next month’s issue.
CROSSWORD
TRIVIA Quiz
ACROSS
5. Like green or blue, for example (6)
6. British Airways init. (2)
7. Retained (4)
8. Government abbrev. (4)
9. Ended working life (7)
11. clean with brush (5)
13. Missing in Action init (3)
DOWN
1. An undisclosed number (4)
2. Fixing device with nut (4)
3. Pulled along the ground (7)
4. Over, higher than (5)
10. Help (3)
12. United Nations (init.) (2)
1. The Malagasy Republic was located on which large island?
2. In what year did the military government of Burma change the name of the
country to Myanmar?
3. 1. Called after a lengthy worldwide voyage, The Cruise of the Snark was
written by which famous American novelist who died in 1916?
4. Which country famously upset the favourites to win the 1995 Rugby Union
World Cup?
1
2 3 3
4
5. Hastings Banda was the first head-of-state of which southern African
nation?
5
6
6. One American and one Vietnamese were awarded the Nobel Prize for
Peace in 1973? The American accepted; the Vietnamese declined. Name them.
7. What was the name of the real-life English governess in the movies and
stage play ‘The King and I’?
7
8
8. What was the name of the movie starring Robert de Niro as the former
world middleweight boxing champion Jake La Motta?
9. Jellied petroleum which burns at about 2000 degrees centigrade is a weapon
better known by what one-word name?
9
10. Dr Ernst Chain, a German who lived in Britain, and two others were
awarded the Nobel Prize for Medicine in 1945 for the discovery and development
of penicillin? Name the other two awardees.
11 13
10
Answers:
1. Madagascar 2. 1989 3. Jack London 4. South Africa 5. Malawi 6. Henry Kissinger & Le Duc
Tho 7. Anna Leonowens 8. Raging Bull 9. Napalm 10. Howard Florey & Alexander Fleming
12
CROSSWORD ANSWERS
ACROSS 5./Colour 6./BA 7./Kept 8./govt 9./retired 11./scrub 13./MIA
DOWN 1./Some 2./Bolt 3./Dragged 4./Above 10./Aid 12./UN
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.
BUSINESS SUPPLEMENT
BANGKOK RANKS AS THE 7TH MOST AFFORDABLE
OFFICE MARKET TO FIT OUT IN ASIA PACIFIC
According to Asia Pacific Fit-Out
Cost Guide 2020/2021 by real estate
consultancy JLL, Tokyo ranks
as the most expensive office market
to fit out at USD1,927 per sqm for
the fourth consecutive year, compared
to the regional average of
USD1,001. Bangkok is the region’s
7th most affordable office market to
fit out at USD713 per sqm, 170%
less expensive than Tokyo and only
13.4% more expensive than the
lowest cost market for office fit-out
in Asia Pacific -- Ahmedabad, India
(USD617).
“Despite price competition
among construction service providers
and contractors, fit-out costs
in Bangkok have stayed relatively
stable. However, reinstatement
costs have increased due to rising
material costs in this traditionally
low margin segment,” says Stephen
Taylor, Managing Director of Project
& Development Services at JLL in
Thailand.
Many tenants are renewing
leases, downsizing and partially returning
leased space which requires
reinstatement work to be done outside
normal working hours, another
factor in higher reinstatement costs.
“We expect these trends to continue
into 2021,” Mr. Taylor adds.
Fitting out offices in most of key
office markets in Asia Pacific will
cost more in 2021
JLL’s report reveals that the average
fit-out cost rose 4.7% yearon-year
across the region, with labour
shortages, health and safety
considerations, material availability,
and higher delivery costs as the
main price drivers.
In 2021, organisations should
expect to pay more to redesign or
upgrade their workspaces even
while many are trying to decrease
capital expenditure (capex) due to
the financial impact of the pandemic,
says JLL.
Martin Hinge, Executive Managing
Director, Project Development
Services, JLL Asia Pacific, explains:
“Cities that rely heavily on foreign
labour have struggled with labour
shortages, and governments have
imposed stringent measures, including
enhanced inspection routines
and enforced health and safety
protocols, for construction sites
to reopen. These are important and
necessary precautions. However,
the impact on productivity and extended
project timelines are driving
costs up.”
Employers remain committed to
reimagine workspaces
Despite overall rising costs, JLL
believes this will not deter most
companies from investing in safe
and productive work environments
for their employees. The firm reveals
that while organisations may
be re-examining their real estate
footprint, workspaces still play an
integral role in preserving a company’s
corporate culture, as well as to
recruit and retain talent.
“Working practices have been
disrupted like never before and
many organisations are now reviewing
their portfolios to mitigate
the financial impact of the pandemic
on their business. As people start
returning to work, many are modifying
their offices to accommodate
de-densification measures and incorporating
more technologies to
facilitate both in-office collaboration
and remote working,” says Mr.
Hinge.
“Employee expectations, along
with the sudden change in working
habits, require companies to consider
how spaces can be used to boost
productivity and efficiency. In many
ways, employees have become
consumers of the work place and
make choices about where and how
they work, so I believe investing in
a flexible environment pays back in
terms of employee engagement,” he
adds.
Costs vary throughout region
Precipitated by the ongoing construction
boom and labour shortage,
Tokyo ranks as the most expensive
office market to fit out for the fourth
consecutive year. Price increments
are expected in Brisbane, Singapore,
Beijing, Shanghai, Guangzhou
and most Indian cities in 2021,
as constraints like access to labour,
reliance on imported materials and
delayed completion dates continue
to pose challenges.
Like Bangkok, Auckland, Manila,
Seoul and Taipei may see
fit-out costs stabilizing or even dipping
slightly, as many construction
service providers and contractors
have resorted to reducing overall
margins.
Mr. Hinge comments “Though
fit-out costs vary from market to
market around the region, we believe
the overall upward trend will
likely remain in 2021. Workplaces
will continue evolving, and there remains
a strong motivation for companies
to invest in areas such as
technology, health and wellness, to
meet increased expectations from
employees, as we all adjust to the
new normal.”
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