Bangkok April 2021
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APRIL 2021
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BANGKOK
BUSINESS
HOTEL INVESTMENTS
EXPECTED TO RISE IN
BANGKOK AND
ACROSS ASIA
INSIDE THIS ISSUE:
- Google Analytics 4 & What It Means For Your Business
- Thailand Business News
- Just The Statistics
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BUSINESS SUPPLEMENT
Cover Story
HOTEL INVESTMENTS EXPECTED TO
RISE IN BANGKOK AND ACROSS ASIA
Many hotel investors
consider that the hospitality
industry in Bangkok
and across the region has
started to turn a corner
and are actively seeking
to buy properties, according
to JLL Hotels and Hospitality
group, a well-regarded
property services
company. This is in spite
of the fact that there are
continued travel restrictions
in place and these
may persist for some time
to come.
Senior managing director
and head of investment
sales in Asia Pacific with
JLL Hotels & Hospitality
Group, Nihat Ercan, was
quoted as saying, “The
cycle has been reset and
we are now on the cusp of
a period of recovery,” adding,
“Optimism around the
deployment of vaccines
and an eventual recovery
in tourism has started to
drive activity and investors
don’t want to miss the
opportunity. At the same
time record amounts of
capital have been raised
to be deployed into the
real estate sector in general,
including into hospitality.”
2020 was a year when
the market paused and
investors waited to see if
there would be any distress
evident, along with
the fire sales that would
undoubtedly follow. However,
in many respects
this did not occur.
Managing director and
head of advisory and asset
management in Asia
Pacific at JLL, Xander Nijnens,
was quoted as saying,
“The past year has
been all about protecting
cash flow and this will
continue for the coming
12 to 18 months,” adding,
“Seasoned owners realize
that now is the time
to invest in existing hotels,
with little displaced
business. However, it is a
balancing act in keeping
operating costs flexible,
while investing ahead of
the recovery to edge in
front of competitors and
meet guest needs.”
One advantage of the
current period is that investors
looking to renovate
properties have a
window of opportunity to
do so without losing significant
business since
occupancy rates are low
anyway at the current
time.
Mr. Nijnens was also
quoted as saying, “There
are deals to be done in
the current environment,
yet value-add players
will have the upper hand
as they are willing to roll
up their sleeves to invest
and reposition hotels with
a view to selling them in
three to five years.”
In Bangkok, prior to
the pandemic, Chinese
tourists made up 38.3 per
cent of all hotel arrivals.
With a travel bubble between
Thailand and China
now being actively discussed,
investors in the
hotel market in Bangkok
are becoming more confident
that this is the correct
time to secure assets
ahead of the floodgates
opening.
The president of the
Association of Thai Travel
Agents, Vichit Prakobosol,
was quoted as saying,
“The Chinese market
could take just two months
to resume after regulations
are settled. Chinese
arrivals could reach 10
million within one year.”
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BUSINESS SUPPLEMENT
“Bits n Bytes”
STEVE DICKENS
Recognise me?
High Tower Co., Ltd. Tel: 038 411 009
Facial recognition software
has always had the threat of letting
Big Brother watch us even
more than in the past, but some
thought that Covid mask wearing
might hopefully decrease
the use of such software.
Anyone with a smartphone
that uses facial recognition will
know it does not really work with
a mask on.That can be frustrating
– or reassuring - but although
masks have undoubtedly
thwarted the facial-recognition
industry, the technology has
also adapted.
It may sound strange but
wearing a mask does not necessarily
stop a computer from
identifying someone and there
are even examples of the pandemic
being used as an excuse
to use facial recognition.
Last year, as people began
to increasingly wear masks
around the world, the prevailing
view was it represented a huge
challenge to facial recognition.
It seemed obvious - algorithms
designed to analyse faces
would be less accurate if part of
the face was concealed.
Sure enough, The National
Institute of Standards and
Technology (NIST) tested 89
commercial facial-recognition
algorithms - and found a 5-50%
error rate in matching faces with
digitally applied masks to photos
of the same person.
But some facial-recognition
technologies still work pretty
well on those wearing a mask.
In January, a US Department
of Homeland Security "controlled-scenario
test" found one
with a 96% success rate - although
the results "varied greatly
between systems".
"Based on these results" the
department said, "organisations
that need to perform photo ID
checks could potentially allow
individuals to keep their masks
on, thereby reducing the risk of
Covid-19 infection."
And although some police
forces are using facial recognition
less,London's Metropolitan
Police, for example, has not conducted
a facial-recognition test for
over a year - it is still being used,
even, reportedly, at Black Lives
Matter protests last summer.
"Even if the use of this technology
is temporarily interrupted...
that doesn't obviate the threat that
this technology poses both in the
short and the long term," says
Michael Kleinman, from Amnesty
International."Anyone walking
in front of a camera where police
departments are running facial
recognition - their face can be captured
and they can be identified.
That's Orwellian."
In the private sector, it is harder
to tell whether the use of facial recognition
has decreased over the
past year - there is no directory, no
list of when and where it is used.
But recently, it was announced
Disney World was to trial facial-recognition
technology for a
month.
Its system takes an image of
a customer's face and converts
it into a unique number, which is
associated with the form of admission
used for entry into the theme
park.
The idea is to cut waiting times,
with Disney saying it wants a more
"touchless experience".And crucially,
the technology does not
require guests to take off their
masks.
The bottom line? As a society
we should be very observant of
how such technology is to be used,
for everyone’s sake.
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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SHOPLINE, the No.1 Global
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is open with full service for the first
time in Thailand! SHOPLINE aims
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e-commerce and social commerce
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With an online store management
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offering a special service package
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Mr. Chananun Panchasarp,
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"The strengths of SHOPLINE
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BUSINESS SUPPLEMENT
SHOPLINE AIMS TO SUPPORT THAI BUSINESSES TO UNLOCK
EVERY LIMIT TO SUCCESS IN THE E-COMMERCE MARKET
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Mr. Chananun added that, "The
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in the amount of over
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baht (2020 Southeast Asian
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pandemic situation. That has been
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force for the future growth of the
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Given the current global economic
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both small and large businesses
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target customers. However, many
businesses face a number of constraints,
including resources, budgets
and technology knowledge.
SHOPLINE provides a clear solution
to these challenges.
On the occasion of the official
launch in Thailand, and to
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the economic hardships from
COVID-19, SHOPLINE is offering
a value-for-money service fee with
a monthly e-commerce package of
599 baht and an annual package
of 4,999 baht. For social commerce,
the monthly price is 599
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"With the strengths of SHOP-
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And with our services that meet a
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that this opening of the market
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said Mr.Chananun.
Source: Chomchaviwan
www.Thailand-Business-Supplement.com
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BUSINESS SUPPLEMENT
FOREIGN CURRENCY UPDATE
The U.S. Dollar
The U.S. Dollar reversed
recent losses as the interest
rate on the 10-year note
rose to its highest level in 14
months, testing 1.75 per cent.
The DXY Dollar index, the index
that measures the U.S.
Dollar’s value against a basket
of major currencies, rose from
89.94 to 91.74. Against the
Thai Baht, the U.S. Dollar rose
quite strongly from a recent flat
line of 30.00, (which had been
a closely contested level for
several months) up to 30.65, a
two per cent increase.
The British Pound
After hitting a recent high at
1.4170, The British Pound fell
back to 1.3833 before steadying
at 1.3870. This could mark
the end of long bull run, or it
may simply be a temporary
retracement ahead of further
rises. With uncertainties about
Brexit largely now out of the
picture, the latter scenario
could take precedent. Yet a
stronger U.S Dollar has arguably
been behind the Pound’s
losses. Against the Thai Baht,
the Pound gained ground
slightly due to the stronger Dollar
outweighing the small pullback
of late. The Pound stood
at 42.75 rising from 42.06. If
the pound regains strength
against the U.S. dollar then the
rise against the Thai Baht could
continue in earnest.
The Japanese Yen
The Japanese Yen weakened
against the U.S. Dollar
from 105.71 to 108.90. When
the USDJPY rate rises, this indicates
a fall in the value of the
Yen since a dollar buys more
Yen than it did previously. Once
again, U.S. Dollar strength is
likely to be behind the move,
although the Yen may have
lost ground as it gave up some
of its safe haven status in reaction
to rising stock markets
and other risk assets. Against
the Thai Baht, the Yen fell very
slightly from 0.2814 to 0.2806
The Russian Ruble
The Russian Ruble has continued
to trade in a very tight
range against the U.S. Dollar
moving from 74.33 to 74.06.
The millpond action suggests
volatility may be ahead since it
represents maximum disagreement
between buyers and sellers.
Against the Thai Baht the
Ruble moved from 0.4010 to
0.4154, following the weakening
of the Thai Baht against the
US Dollar.
The Euro
The Euro butted heads with
the 1.2200 mark against the
US Dollar but could not hold
that level, giving back recent
gains to trade down to 1.1908.
U.S. Dollar strength only gave
more impetus to potentially end
what may have already been a
fading rally. ECB and Federal
Reserve decisions were both
mildly dovish and so it will be
for the markets to decide the
next move. Against the Thai
Baht, the Euro fell slightly from
36.85 to 36.62.
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Pattaya Beach Road
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Pattaya Second Road
Hard Rock Hotel
P.S. Bowling Plaza
Best Supermarket
Directions for taxi: www.Thailand-Business-Supplement.com
พัทยากลาง ตรงขาม พี เอส โบวลิ่ง พลาซา (PATTAYA KLANG ROAD)
Sukhumvit Area
P15
P14
Khlong Bang Phai
P13
Talad Bang Yai
Sam Yaek Bang Yai
P12
Bang Phlu
P11
Bang Rak Yai
Bang Wa
Phetkasem 48
Phasi Charoen
Bang Khae
Lak Song
M37
Bang Rak Noi Tha It
Sai Ma
P9
BTS/MRT
in Bangkok
P10
M36
M35
P8
M34
Bang Wa
Yaek Nonthaburi 1
Phra Nang Klao Bridge
P7
Bang Phat
Sirinthorn
Bang Yi Khan
Bang Khun Non
Bang Phai
S12
P6
Fai Chai
Charan 13
Wutthakat
Bang Kraso
Bang O
M33 M1
Tha Phra
S11
P5
P4
M7
M6
M5
M4
M3
M2
S10
Talat Phu
BUSINESS SUPPLEMENT
Nonthaburi Civic Center
M8
Pho Nimit
Wong Sawang
Ministry of Public Health
Yaek Tiwanon
P3
S9
M9
Bang Pho
Itsaraphap
P2
Sanam Chai
M32
S8
Wongwian Yai
P1
M10
Tao Poon
Sam Yot
M31
Bang Son
Wat Mangkon
S7
Krung Thon Buri
M30
Mo Chit N8
M11 M12 M13 Chatuchak Park
Bang Sue
N5 Ari
Ratchadamri S1
M29
Hua Lamphong
M28
Kamphaeng Phet
W1
Sam Yan
E1 E2 E3 E4 E5 Phrom Phong
M22
E6 Thong Lo
M23
E7 Ekkamai
S3 Chong Nonsi
S4
Suksa Witthaya
S5
Surasak
S6 Saphan Taksin
Phahon Yothin
N7 Saphan Khwai
N6 Sena Ruam
N4 Sanam Pao
N3 Victory Monument
N2 Phaya Thai
N1
Siam
CEN
M14
Chao Phraya River
Chit
Lom
Si Lom
Phloen
Chit
Lumphini
M15
Nana
Lat Phrao
Asok
M27 M26 M25
M24
S2 Sala Daeng
M16 Ratchadaphisek
M17 Suthisan
M18 Huai Khwang
M19 Thailand Cultural Centre
M20 Phra Ram 9
M21 Phetchaburi
Sukhumvit
Queen Sirikit National
Convention Centre
Khlong Toei
GETTING
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
GOOGLE ANALYTICS 4
& WHAT IT MEANS FOR
YOUR BUSINESS
What is Google Analytics
4? What does it mean for businesses?
and how does it compare
to the traditional version?
Our guide will make it easy
for you to decide when is the
right time for you to make the
switch.
Google’s Analytics is used
by millions of businesses
worldwide to track user interaction
across web domains
and mobile apps.
The transition to GA4 is
most likely the biggest transformation
that the tool has
ever gone through and it is
set to rock the digital marketing
world and the way that we
track web data!
Most businesses know this
platform as the tool that helps
them track the amount of web
traffic they get, monitor important
marketing channels, and to
measure their main KPIs. And
now with Google Analytics 4,
Google is offering a new version
that uses Artificial Intelligence,
making it very different
from the traditional “universal”
Analytics.
GA 4 comes with many new
features that will make it very
different from the old version.
One of the biggest differences
is the new data modeling
feature that uses AI to fill in
gaps in data where traditional
Analytics may be blocked by
cookie-consent rules, blocked
JavaScript and a focus on privacy.
Years ago, we had a lot
more data available to us in
GA but as privacy laws have
become stricter in many countries
it has become more difficult
to collect a lot of the data.
Additionally the user-interface
for the new default Google
Analytics is very different.
So here’s a walkthrough for
some of the most important differences.
What is Google Analytics 4?
Google self-describes the
purpose of the new Google
Analytics as a next generation
approach to “privacy-first”
tracking, x-channel measurement,
and AI based predictive
data all at once. By applying
Google’s advanced machine
learning models, the new Analytics
can fill out data for website
traffic and user behavior
without relying on having “hits”
come from every page. I have
said for years that ‘hits are
how idiots measure success’
and this new change pretty
much backs up that theory. We
can no longer rely on just hits
to give us the data we need as
more and more of our ‘hits’ are
being blocked by privacy settings.
All this means that its main
goal is to shift the way data
is shown to focus on users –
mainly the user journey from
first visit to final conversion.
Plus GA4 is all about
“events.” These events are the
main way that data is presented
in the new Google Analytics,
it will also be a great time
to revisit your Google Analytics
roadmap and reassess what
kind of events it’s important for
your website to measure.
Finally, the machine-learning
processing in this new Analytics
means that it can fill in
gaps where businesses aren’t
able to understand their complete
customer base because
of users that opt out of cookie
usage and data collection. Internet
users and even browser
companies are becoming increasingly
stingy about allowing
Analytics to track sessions
or return users by using cookies
– for example, a lot of websites
are starting to use visitor
consent to define their Analytics
tracking.
The need for something
like Google Analytics 4 largely
comes from new privacy protection
laws (like the GDPR
and CCPA) and the diminished
stability of traditional analytics.
A lot of businesses using the
traditional Universal Google
Analytics could often run into
issues with inaccurate or missing
data due to cookie consent
options required by these laws.
If you need help deciding
on the right time and way to
switch to GA4, please email us
on sales@pdsconsultingsolutions.com
to book a consultation.
BUSINESS SUPPLEMENT
Gemma Purnell
+66 33 039 399
gemmapurnell.com
gemma@gemmapurnell.com
Email: ben.hightowerltd@gmail.com
www.Thailand-Business-Supplement.com
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Reservations:
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BURGER KING TO
OFFER FRIED CHICKEN
Burger Thailand, the company
that operates the Burger King
brand in Thailand, is embarking
on a plan to offer fried chicken
items on its menu. The new
menu items come under a brand
dubbed Chicken King at Burger
King stores throughout the Kingdom
The company is aiming to
tap into people’s healthier eating
habits as well as to tap into the
demand for fried chicken evident
amongst Thai customers.
Another objective is to entice
people into Burger King outlets
who might otherwise not have
ventured into its stores. They can
then order fried chicken and also
enjoy the other traditional offerings
of burgers and fries.
Two fried chicken menu items
will be launched initially, original
and spicy, with more added at a
later date.
General manager, Tanawat
Damnernthong, was quoted as
saying, “At present, this menu
is not available at Burger King
worldwide. Thailand is the first
country to launch as this is an
initiative the local team sought to
fulfill customers here, as this is
BUSINESS SUPPLEMENT
THAILAND BUSINESS NEWS
known as chicken consumption
country.”
The goal is to push overall
sales up to pre pandemic levels.
It is no mean feat since there is a
lot of competition from the likes
of KFC, McDonalds, and Texas
Chicken to name but a few, however
Burger Thailand sees the
fried chicken market in Thailand
notching up 7 per cent to 9 per
cent increases each year. Thus
there is plenty of room for a new
entrant.
Mr. Tanawat was also quoted
as saying, "Even though we are
latecomers to the fried chicken
market, we are confident Chicken
King will play a significant role
and boost our sales this year to
2 billion baht, as we achieved in
2019,'
THAI AIRWAYS
CHALLENGES NEARLY
200 BILLION BAHT OF
CLAIMS FROM
CREDITORS
Thai Airways International
Plc., disputes around 192 billion
baht owed to 48 aircraft leasing
companies as well as engine
service provider Rolls Royce, citing
that it had gained bankruptcy
protection and also that some of
the claims are for future dated
contracts.
Yet Thai Airways will need
to work with most of these companies
in the future and so it is
important that an amicable settlement
to the dispute is forthcoming.
The company has liabilities
of 410 billion baht, and so the
amount in dispute concerns
nearly half of its obligations. The
dispute comes at a time when
Thai Airways is seeking new finance
to the tune of 50 billion
baht by way of an equity offering
and/or by way of new loans.
Thai airways shares were
suspended last month having
fallen more than 50% in 2020.
TRUE TO INVEST 60
BILLION BAHT IN 5G
ROLLOUT
True Corporation is expected
to invest heavily in 5G capabilities
over the next three to five
years, in an effort to transform
from a telecoms operator into a
tech and data entity.
It has earmarked up to 60
billion baht of spending over the
period, and aims to have 1 million
5G subscribers by the end of
this year alone, up from 250,000
last year.
Co-president of True Corporation,
Natwut Amornvivat,
was quoted as saying, "This
year True will focus on building
5G-based applications and use
cases for new experiences for
consumer, corporate and vertical
industry sectors," adding,
"The 5G network is one of the
core pillars in our network business."
Thailand is powering ahead
with its 5G rollout and is ahead of
many countries in the region and
even farther afield. The coverage
in Thailand already extends to 77
provinces.
The head of True's 5G working
group, Piroon Paireepairit,
was quoted as saying, "Once we
succeed in building innovative
5G applications, Thailand will become
the stage where use cases
are shown to the world," adding,
"The country's 5G network rollout
is on par with Japan."
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
UNDERSTANDING
STOCK MARKETS
HITTING NEW ALL
TIME HIGHS
It likely cannot escape your
notice that stock markets across
the globe have been rising consistently,
with many hitting new
all-time record highs week after
week.
However, it is worth exploring
why this is happening
and how you can
get in on the action.
WHAT ARE
STOCKS OR
SHARES?
Stocks, or
shares as
they are
k n o w n
in many
countries,
are essentially
tiny
pieces of
companies that are bought and
sold on a publicly traded exchange.
Typically a company will cut
itself into millions or even billions
of pieces. Each piece is
called a share.
The total value of all the
shares of a company in circulation
is called the company’s
market capitalization, or market
cap for short. This is the metric
on which to value the entire
company.
Stock markets indexes are
a compilation of selected high
value, commonly sought after
and/or top performing companies.
Amongst these worldwide
are the US Dow Jones Industrial
average, which contains
the top 30 American industrial
companies, the FTSE 100 UK
index, which contains 100 companies
with the largest market
cap, and the Thai SET and
SET50 indexes, which comprise
the biggest popular Thai
companies.
VALUING STOCKS
AND SHARES
There is an art to valuing stocks
and shares. What will make a given
share price materially different tomorrow
or next month compared to its
price today.
Individual companies will often pay
dividends and in any case will report to
the market their income and profit. Ultimately
this decides the price. But there
is more to it than simply a company’s
earnings.
Sentiment plays a big part. If share
prices are rising across the globe then
this is considered a bullish stance,
which will support rising prices. A bearish
stance is when prices are falling. A
company’s growth potential will also be
one of the elements in determining its
value. Also the level of interest rates,
currently very low, will dictate borrowing
costs and overall consumer activity.
So far markets across the world have
gone up in virtually a straight line in one
of the longest bull markets in history as
central banks have managed to keep
rates low for many years.
THE STOCK MARKETS
HOW DO I GET
INVOLVED?
It’s very easy to get started
if you haven’t dabbled in the
stock market before.
In Thailand, you can buy into
unit trusts that mirror the price
actions of the SET or SET50
stock market indices. This can
be achieved by going to a Thai
Bank and asking to open up an
asset management account.
The units are not unlike shares
but in this case they are units
in a fund that tracks the index
instead of an individual company.
The unit prices are typically
displayed at branches or on the
banks website. The idea here is
that you buy and hold the units
and sell them once they have
risen.
An alternative route is to
open up a broker account and
then you can buy and sell individual
shares in individual
companies. This is a more risky
proposition since some individual
companies can see sharp
falls in their share price as well
as sharp gains. Research in
each company would be essential
before venturing out. Many
brokers can allow you to buy
not only Thai stocks but those
on the worldwide market, as
well as take a position in the
foreign exchange and commodity
markets, all under one roof.
Most broker accounts can be
opened on line.
TRADING OR
INVESTING
Investing in the stock
market usually defines the
stance of buying and holding
stocks without much active
buying and selling. It usually
suits buying or selling a stock
index, although those with
confidence to hold stocks in
a single company for the longer
term can also be considered
to be investors.
Stock traders on the other
hand are often looking
to take advantage of price
movement in single stocks or
indices on a short term basis,
constantly buying and selling
and being quite active in locating
deals that look good
for just a few weeks or even
days before liquidating.
Most brokers have live
apps where you can track
the up-to-the-second share
price, index level and your
profit and loss on any given
stock market instrument.
Trying to time the market is
very difficult but there are
plenty of more complex trading
opportunities that we will
cover in future issues.
FITNESS & YOU
- THE KEY TO A BETTER LIFE -
Dumbbells are the most commonly
found items in any commercial
or home gym. In the coming
months we will be detailing
some useful dumbbell exercises
that can help you build strength,
core stability and also burn fat.
Dumbbell Squat Instructions
1.Stand up straight while
holding a dumbbell on each hand
(palms facing the side of your
legs).
2.Position your legs using a
shoulder width medium stance
with the toes slightly pointed out.
Keep your head up at all times as
looking down will get you off balance
and also maintain a straight
back. This will be your starting
position. Note: For the purposes
of this discussion we will use the
medium stance described above
BUSINESS SUPPLEMENT
which targets overall development;
however you can choose
any of the three stances discussed
in the foot stances section.
3.Begin to slowly lower your
torso by bending the knees as
you maintain a straight posture
with the head up. Continue down
until your thighs are parallel to
the floor. Tip: If you performed
the exercise correctly, the front
of the knees should make an
imaginary straight line with the
toes that is perpendicular to the
front. If your knees are past that
imaginary line (if they are past
your toes) then you are placing
undue stress on the knee and the
exercise has been performed incorrectly.
4.Begin to raise your torso as
you exhale by pushing the floor
with the heel of your foot mainly
as you straighten the legs again
and go back to the starting position.
5.Repeat for the recommended
amount of repetitions.
Caution: Be cautious with the
weight used; in case of doubt,
use less weight rather than more.
The squat is a very safe exercise
but only if performed properly.
You may use wrist wraps for this
exercise.
Variations: As previously
mentioned, there are various
stances that can be used depending
on what you want to emphasise.
You can also use a barbell for
this exercise.
Hammer Curls Instructions
1.Stand up with your torso
upright and a dumbbell on each
hand being held at arms length.
The elbows should be close to
the torso.
2.The palms of the hands
should be facing your torso. This
will be your starting position.
3.Now, while holding your upper
arm stationary, exhale and
curl the weight forward while
contracting the biceps. Continue
to raise the weight until the
biceps are fully contracted and
the dumbbell is at shoulder level.
Hold the contracted position for
a brief moment as you squeeze
the biceps. Tip: Focus on keeping
the elbow stationary and only
moving your forearm.
4.After the brief pause, inhale
and slowly begin the lower
the dumbbells back down to the
starting position.
5.Repeat for the recommended
amount of repetitions.
Variations: There are many
possible variations for this movement.
For instance, you can perform
the exercise sitting down on
a bench with or without back support
and you can also perform it
by alternating arms; first lift the
right arm for one repetition, then
the left, then the right, etc.
The Fitness Column is
brought to you by:
WWW.SEARASPORTS.COM
Pattaya: 092-223-0477
Bangkok: 02-185-1920
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.
THAILAND HAS AN
AGEING
POPULATION
Thailand has seen an accelerating
increase in people of over 65.
In 1990 the ratio of those aged over
65 compared to the total population
stood at 4.4 per cent.
By 2010 the ratio jumped to 8.9
per cent. Thereafter the rate of rise
has increased every year after.
2011 saw a rate of change from
the year before of an extra 3.29
percent bring the ratio to 9.2 per
cent.
By 2015 the increase year on
year was 3.89 per cent and the total
number of over 65’s rose to 11
per cent of the population
Roll on to 2020 and the number
increased 4.45 per cent year on
Mitsubishi Motors Thailand got
total of seven Car of The Year 2021
awards covering every model in
its lineup, reflecting the company's
commitment to deliver vehicles that
are second-to-none in all aspects of
performance and quality.
The record number of awards
is a fitting occasion as Mitsubishi
Motors celebrates its 60th anniversary
in Thailand. Throughout
the six decades, the company has
committed to design, develop, produce
and deliver the globally competitive
quality vehicles that aim to
maximize customer satisfaction in
every way.
"We are very proud to win a record
number of awards which is yet
another proof of our quality and excellence
in automotive leadership.
For 60 years, Mitsubishi Motors
Thailand has been offering the best
quality vehicles, and we will continue
improving our products and
services for our customers," said
Mr. Morikazu Chokki, President and
CEO, Mitsubishi Motors (Thailand)
Co., Ltd.
Judged by automotive experts
in cooperation with Grand Prix International
Public Company Limited,
every model in Mitsubishi Motors
Thailand's range is recognized
as the best in its class covering
aspects that include design, comfort,
safety, performance, technology
and environmental friendliness,
customer satisfaction and value.
Launched just recently, Mitsubishi
Outlander PHEV led the list with
'Best Hybrid SUV under 2,500 cc'
award, proving the competitiveness
of the revolutionary PHEV SUV
that combines practicality with sustainability
and go-anywhere driving
capability. It is among the world's
best-selling PHEV.
Mitsubishi Triton received the
'Best 4WD Pickup under 2,500 cc'
award, underlining its Engineered
Beyond Tough concept. The robust
BUSINESS SUPPLEMENT
JUST THE STATISTICS
year to stand at 13 per cent of the
population.
Longer lifespans and lower
birthrates have arguably both contributed
to the steep rise, however
Thailand isn’t alone to see this
trend. There are ageing populations
in many countries including China,
Japan and countries in Europe
BEER COSTS MORE
IN THAILAND THEN
MOST PLACES IN
ASIA AND EUROPE
In keeping with the results
from the World Beer Index 2021,
which compares the price of a
330ml bottle of beer across 58
countries worldwide, a standard
bottle of beer in Bangkok costs an
average of 149 baht, (US$4.82).
MITSUBISHI MOTORS THAILAND MARKS 60TH ANNIVERSARY IN
THAILAND WITH A NEW RECORD OF 7 CAR OF THE YEAR 2021 AWARDS
pickup truck comes with powerful
performance and advanced technology.
Thailand was the second priciest
place amongst ASEAN nations
for a beer, just behind Singapore
at US$5.17.
Of course you can easily spend
15 Singapore dollars for a bottle of
beer at a bar in Robertson’s Quay
in Singapore, but the calculations
were based on the average price
of a bottle of beer bought in supermarkets,
bars and hotels.
In third place in ASEAN
was Kuala Lumpur, Malaysia at
US$4.74 followed by Manila at
US$4.25 and Jakarta, Indonesia
at US$3.17
Worldwide, Qatar was the most
expensive country to buy beer with
an average price of US$11.26,
whilst Cape Town in South Africa
was the cheapest at US$1.68 per
bottle.
Thailand was also more expensive
than many European countries
with Belgium at US$3.47,
Scotland at US$4.38, Germany
at US$4.64 and Spain at just
US$2.74
Meanwhile, the class-leading
Mitsubishi Pajero Sport achieved
two awards. Mitsubishi Pajero
Sport 4WD Elite Edition won the
'Best Diesel 4WD PPV under 2,500
cc' award and also was recognized
with the 'Most Valuable PPV'
award. The achievement highlights
its best-in-class technologies and
features that help elevate drivers'
journeys.
The popular crossover for modern
families, Mitsubishi XPANDER
continued to receive positive feedback
and was named the 'Best Selling
Mini MPV'.
The city cars Mitsubishi Attrage
and Mitsubishi Mirage continue to
attract all urban customers, even
more so now that they have been
recognized as 'The Most Valuable
Eco Sedan' and 'Best Fuel Economy
Eco Car' respectively.
To celebrate its 60th anniversary,
Mitsubishi Motors Thailand
is offering the marketing campaign
'Celebrate 60th Anniversary of Mitsubishi
Motors in Thailand, Giveaway
60 Million Baht'. Customers
who buy any Mitsubishi vehicles
before December 31, 2021, stand
a chance to win one of the six
60-baht gold grand prizes, worth
1,620,000 Baht. Other prizes include
60 6-baht gold, 400 Samsung
65" QLED 4K Smart TV and 800
iPhone 12 64 GB with total value of
over 60 Million Baht.
Every Mitsubishi's vehicle also
comes with aftersales promise 'Rao
Doo Lare, Khun Khae Kab' (We
Take Care, You Just Drive). It is an
aftersales initiative that promises
drivers access to Genuine Service,
Genuine Parts, Genuine Technician,
Genuine Performance and
Genuine Network and Accessibility.
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
1
2
8
6
9 4
3 8
1 6
2 7
3
7 2 8
5
9
3
1 4
9
1
7
9 2
6
5
4
8 1
5
7 6
9
1
2
7
4 9
1
2 3
9 2
6
5 1
2 9
6 3
2
4
5
8
9
3
7
4 8
2
7
5 1
1 4 3
6 7 5
2 9 8
3 6 7
5 2 1
4 8 9
8 1 4
9 5 6
7 3 2
1 7 5
4 2 6
8 9 3
9 6 8
2 1 4
5 3 7
6 4 9
7 5 2
3 8 1
9 5 6
4 8 2
7 1 3
5 2 9
6 4 8
3 7 1
2 9 7
1 3 4
8 6 5
4 6 8
9 7 3
2 5 1
7 3 4
8 9 5
6 1 2
3 8 7
1 4 9
5 2 6
7 8 2
1 9 3
6 5 4
4 1 8
3 7 9
2 6 5
5 3 6
8 2 7
9 4 1
9 3 2
1 5 8
7 4 6
2 1 5
3 6 7
8 9 4
5 2 1
6 8 3
4 7 9
We will publish the solutions in next month’s issue.
Last months sudoku answers
CROSSWORD
TRIVIA Quiz
ACROSS
1/ Arrest (9)
6/ Musical work (5)
8/ Trans World Airways acronym (3)
9/ Prominent (5)
12/ Sport (9)
13/ Pull a caravan (3)
14/ Laconic (5)
DOWN
2/ Surname American poet (3)
3/ Exuberant (9)
4/ Canine (3)
5/ Excerpt (7)
7/ Previously (7)
9/ Sneeze (sound) (5)
11/ Follow, happen after (5)
1. Which group had a UK No 1 in 1984 with ‘You Spin Me Round (Like a
record)?
2. The US Presidential Medal of Freedom, the highest award given to civilians
in wartime, has a design which includes how many stars?
3. In business, what does the acronym MARR mean?
4. According to the National Ocean Service, what percentage of the oceans
have been explored?
1
7
2 3 4
6
5. What was the first name of the Italian painter Caravaggio?
6. The Grand Slam in female tennis has been achieved three times, twice in
the open era. Who are the two women who have achieved the feat in the open
era?
7. In what US state is Kitty Hawk, the place where in 1903 the Wright brothers
successfully flew a heavier-than-air plane?
8. What US TV series had the characters Benjamin Pearce, Frank Burns, and
Henry Blake, among others?
8 9
9 11
9. Who was the official commander of HMS Victory at the battle of Trafalgar
in 1805?
10. The British author Graham Greene died in what decade?
12
1. Dead or Alive 2. 13 3. Minimum Acceptable Rate of Return 4. Five (5) percent
5. Michelangelo 6. Margaret Court & Steffi Graf 7. North Carolina 8. MASH 9. Thomas Hardy
10. 1990s (1991)
Answers:
13 14
CROSSWORD ANSWERS
ACROSS 1/Apprehend 6/ Etude 8/ TWA 9/ Large 12/ Athletics 13/ Tow 14/ Terse
DOWN 2/ Poe 3/ Ebullient 4/ Dog 5/ Extract 7/ Earlier 9/ Achew 11/ Ensue
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
DUSIT THANI PUBLIC COMPANY LIMITED PLANS TO INVEST AN ADDITIONAL THB 4.3 BILLION IN
‘DUSIT CENTRAL PARK’, RAISING THE TOTAL VALUE OF THE PROJECT TO APPROXIMATELY THB 46 BILLION
Dusit Thani Public Company
Limited (DTC), one of Thailand’s
leading hotel and property development
companies, and Central
Pattana Public Company Limited
(CPN), Thailand’s largest and most
diversified property developer,
have announced their plans to increase
investment in the upcoming
‘Dusit Central Park’ (DCP) mixeduse
project from 36.7 billion to
THB 46 billion (+ THB 9.3 billion)
to address sharp shifts in consumer
behaviour, position the property
to create value for the longer term,
and cement DCP’s position as one
of Bangkok’s top attractions.
To achieve this, DTC and CPN
plan to inject additional funds to
enhance the project’s layout and
design, with enlarged interior and
exterior spaces and other features
designed to strengthen the project’s
positioning and competitiveness,
bring value to the broader community
through its large green space,
and drive return on investment in
the post COVID-19 world. Functional
space would increase by around
31% (71,907 sq m), creating more
opportunities to generate revenue
for both parties.
DTC’s proposed incremental investment,
subject to approval at the
Company’s annual general meeting
of shareholders, is THB 4.335 billion.
This would raise the company’s total
investment in the project from THB
12.915 billion to THB 17.25 billion.
The source of funds for this additional
investment would include bank
loans and support from the project’s
shareholders.
To maximise RevPar (Revenue
Per Available Room) and strengthen
the competitive positioning of
the new flagship Dusit Thani Bangkok
hotel, DTC plans to utilise the
funds to enlarge the size of the hotel’s
rooms, refine the layout to add
more privacy, and fully leverage the
property’s position opposite the city’s
renowned Lumpini Park by ensuring
all rooms have unobstructed views of
its vast green space.
Reimagined signature elements
of the original Dusit Thani Bangkok
included in the design would also be
enhanced, including an oasis-like
lobby with cascading waterfall, an
expansive ballroom with large adjoining
function rooms connected to
the waterfall area, and an exciting
new take on the hotel’s original rooftop
supper club, Tiara, whose contemporary
setting will incorporate the
iconic golden spire from the original
hotel.
The residential element of the
project - including the luxury Dusit
Residences aimed at city executives,
and the high-end Dusit Parkside
aimed at families - would also be
enhanced to maximise their appeal
among their respective target markets.
This includes an increased
emphasis on functionality, facilities,
amenities, and privacy to offer the
utmost in comfort and convenience.
Partitioned common areas and private
elevator lobbies for each unit at
Dusit Residences, and single loaded
corridors at Dusit Parkside to further
enhance the sense of privacy, are
just a few of the highlights of the considerate
design. Residents will also
benefit from Dusit’s unique brand of
Thai-inspired gracious hospitality.
In line with DTC’s commitment
to always have a positive impact
wherever it sets foot, the increase in
functional space across Dusit Central
Park will include the large green
space planned for the heart of the
project. Designed to be a leafy retreat
for the whole of Bangkok to enjoy,
the project’s multi-level, rooftop
public park will occupy 7-Rai (11,200
sq m) and feature elevated walkways,
jogging paths, and places for
rest and recreation with panoramic
views of Lumpini Park.
“With the COVID-19 pandemic
bringing sharp shifts in consumer
preferences and reshaping global
business, it’s important that we
plan for the future today by adding
value to our project so we can fully
embrace the opportunities of tomorrow,”
said Ms Suphajee Suthumpun,
Group CEO, DTC. “Our prudent investment
has been carefully planned
to respond to these changes; fully
leverage our prime position in the
heart of the city; add more convenience,
experience and value for
maximum revenue generation; bring
more green space to Bangkok; and
further grow Dusit Central Park into
a world-class project that uniquely
blends Thai-inspired gracious hospitality
with global standards of service
and design to become a new Bangkok
icon.
“To achieve this, and drive strong
investment returns, we will continue
to seek to elevate the project across
four holistic dimensions - 1) Blending
innovation with heritage and history,
2) Connecting four key areas of Bangkok
(including the historic quarter, our
modern neighbourhood, the bustling
downtown, and the financial district)
via Skytrain, road, and subway to create
a new Super Core CBD, 3) Bringing
people closer to nature through our
large rooftop park and prime position
opposite Lumpini Park, and
4) Bringing new life-enriching experiences
to the community. Ultimately,
we aim to bring sustainable value to
all our stakeholders, and set the new
standard for exceptional city living,
shopping, working, relaxing and playing
in the post COVID-19 world.”
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• POTENTIAL CUSTOMERS
DON’T JUST LOOK – THEY ENGAGE!
Studies have proven that LED signage makes an impression
on people. Just like this part of the world, a study revealed
that 70% of Americans who recall seeing a digital video
display in the past month, 47 percent specifically recall
seeing an ad. That’s nearly half! And of those travelers who
remember spotting a digital billboard, 82 percent recall
that it was displaying an ad.
• LED BILLBOARD v
STATIC BILLBOARD
To establish the difference between LED Billboards and Static Billboards
one study used anonymous video analytics to log the number of people
who noticed both static and digital signs at a number of locations.
The number of “impressions” (that is, people paying attention) logged by
the static sign peaked on its first day in place. After that, they dropped
off and remained low for the remaining weeks of the study. But the
digital signs received consistently high numbers of impressions
throughout the study—receiving almost as many every day as the static
sign received the first day.