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  • Wednesday, May 23, 2018 16:18 | Anonymous member (Administrator)



    MINT ANNOUNCES ACQUISITION OF 8.6% STAKE IN 

    NH HOTEL GROUP, OWNER AND OPERATOR OF 382 HOTELS


    Minor International (“MINT”) announced today that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINT’s stake in NH Hotel Group to 8.6% on a fully diluted basis. NH Hotel Group is the sixth largest hotel chain in Europe and this investment offers important strategic benefits to MINT which, with its deep hospitality and food & beverage experience, also brings strategic value to the NH Hotel Group. The investment demonstrates MINT’s strategy of pursuing financially attractive investments which are accretive to MINT, with estimated EV/2018EBITDA of 10.6x. NH Hotel Group is on a strong growth trajectory as it has successfully enhanced operational efficiencies across its group in recent years and is also now benefitting from the improving European macroeconomic outlook, both of which have been reflected in its strengthening financial results and rising ADRs. In particular, its four main clusters, Spain, Benelux, Central Europe and Italy, have been, and will continue to be, the drivers for solid growth going forward. The investment in NH Hotel Group also marks a strategic progression given MINT’s current presence in Asia, Australia, the Middle East and Europe. The investment in NH Hotel Group is a further move into Europe by MINT following its earlier expansion into Portugal and Brazil through the acquisition of Tivoli Hotels & Resorts in 2016, and one that is complementary to the geographical footprint of MINT’s pre-investment portfolio.

    NH Hotel Group has a portfolio of 382 hotels and resorts with 59,350 keys spanning across 30 countries in Europe, the Americas and Africa. The Group was founded since 1978 and today has become one of the top 25 hotel chains in the world with in-depth expertise in the mid- to upscale segments. The NH and NH Collection brands have gained fast-growing recognition, particularly in Europe, with the strong potential to expand its footprint and enhance its reputation even further globally. NH Hotel Group’s assets are attractive in terms of both location and quality, making the portfolio difficult to replicate. Following the investment, the properties will continue to operate under NH Hotel Group’s well-known brands, including NH Hotels, NH Collection Hotels, nhow Hotels and Hesperia Resorts.

    Dillip Rajakarier, CEO Minor Hotels, commented, “This investment represents a significant milestone for Minor Hotels. We are excited by the opportunity to accelerate our global exposure with our investment in NH Hotel Group, which has a highly complementary business and asset portfolio to MINT. The investment is financially attractive, with high liquidity on the Madrid Stock Exchange and proven performance by the business. Over the past few years, NH Hotel Group’s board of directors and management team have re-invigorated the business and delivered strong business performance in line with its five-year strategic plan. As a key shareholder in the business, we look forward to supporting the management team as a strategic shareholder to continue this success and build long-term shareholder value for NH Hotel Group and its shareholders including MINT. MINT can also support the NH hotels with its food & beverage expertise where appropriate to maximize financial performance and enhance customer experience.”

    No management changes at NH Hotel Group are expected in connection with MINT’s investment in the company. While MINT takes note that certain key shareholdings of NH Hotel Group may change ownership in the near future, MINT is confident in the underlying business of NH Hotel Group and is excited to work with the team and its fellow shareholders in the company to ensure continued delivery of strong and sustainable returns to shareholders.


  • Tuesday, May 22, 2018 09:41 | Anonymous member (Administrator)



    THE ST. REGIS BANGKOK CHARITY GALA & AUCTION 2018:

    AN EVENING OF PHILANTHROPIC MANHATTAN FLAIR



    A social highlight of the year, The St. Regis Bangkok Charity Gala 2018 was held on Friday 18th May 2018, at the Astor Ballroom on Level 14 of the hotel, to raise funds for a charity selected by HRH Princess Maha Chakri Sirindhorn.

    With the stylish theme ‘Manhattan Flair’, The St. Regis Bangkok Charity Gala 2018 was held on Friday 18th May. This annual event has become a social calendar highlight of the year in Bangkok, attracting VIPs, celebrities and valued guests, from far and wide, for a different worthy cause each year. The nominated charities are chosen each year by Her Royal Highness Princess Maha Chakri Sirindhorn.

    The St. Regis Charity Gala 2018 celebrated with world-class entertainment featuring the wonderful live sounds of renowned Australian singer-songwriter Mahalia Barnes and culinary excellence.

    The event raised more 7 million baht for the Maha Chakri Sirindhorn Foundation for the Faculty of Arts, Chulalongkorn University under auspices of HRH Princess Maha Chakri Sirindhorn.

    Photo caption (from left): Jantana Selby, Buppa Kingchatchaval, Khunying Piyapas Bhirombhakdi, William E. Heinecke, Araya Chittaropas, Krongkarn and Pongphiphat Chomanan       



  • Friday, May 18, 2018 13:45 | Anonymous member (Administrator)




    KEY EXECUTIVE APPOINTMENTS AT THE ST. REGIS BANGKOK

    The St. Regis Bangkok announces three new key executive appointments to the team in Sales & Marketing, Food & Beverage and Human Resources, effective immediately.


    Bangkok, Thailand – 15th May 2018 – The St. Regis Bangkok announces the appointment of their newest senior team members, to three key executive positions namely, Director of Sales & Marketing, Director of Food & Beverage and Director of Human Resources.

    “I am delighted to welcome these three seasoned leaders to our St. Regis Bangkok family and am looking forward to them guiding their respective teams at our property, one of the region’s finest hotels, to even greater future success. All three of them bring a wealth of experience from different parts of the globe with them and I am confident that they will play an important role in further strengthening our focus on delivering consistently high service standards and market leading return” commented Klaus Christandl, General Manager of The St. Regis Bangkok.

    Sam Chia joins The St. Regis Bangkok as its Director of Sales & Marketing. No stranger to the   St. Regis brand, Sam was most recently leading the Sales, Events and Marketing Communications efforts at The St. Regis Singapore and has been instrumental in driving the hotel to outperform revenue expectations and garnering international awards and accolades over the past years.

    Sam has a wealth of experience in the luxury hospitality industry that includes being part of the pre-opening team at Capella Singapore, the Regional Sales team of Banyan Tree Hotels & Resorts, and a prior role as Assistant Vice President – Business Development at Capella Hotel Group Asia.

    Outside work, Sam enjoys spending time with his wife Michelle and their two adorable children, Alison and Lucas, and looks forward to discovering Bangkok’s thriving local food scene.  

    Carl Chapman, a seasoned international hotelier from the UK, has joined the team as Director of Food & Beverage.  With over two decades of experience with luxury hotels and resorts from the United Kingdom to Canada and Dubai, Carl has worked with some of the most renowned names at the highest echelons of hospitality, including Claridge’s and The Savoy, in London. With an impressive collection of next-level skills, he arrives at The St. Regis Bangkok from Dukes Dubai.

    Thai national, Ms. Boonyanoot Kongrod is on board as the new Director of Human Resources. With more than 20 years of hospitality experience, Boonyanoot is also a veteran of Starwood Hotels and Resorts and subsequently with Marriott International here in Thailand. Most recently, she worked as Human Resources Service Manager with Marriott International Area Office, based in Bangkok.

    Together with their colleagues at The St. Regis Bangkok, Sam, Carl and Boonyanoot will continue to strengthen the overall team, with their unique sets of attributes and backgrounds.


  • Thursday, May 10, 2018 13:22 | Anonymous member (Administrator)





    The New Thai Competition Act What Business Needs To Know By Dr. R. Ian McEwin



    Please find full presentation here


  • Thursday, May 10, 2018 09:14 | Anonymous member (Administrator)




    CoffeeWORKS supports Thailand’s emerging “Third Wave Coffee” market with Synesso espresso machines



    Source: nationmultimedia

    CoffeeWORKS, one of Thailand’s leading B2B coffee roasters and coffee-machine suppliers,has been appointed as the official Thailand distributor of Synesso artisan espresso machines made in Seattle, Washington USA.

    Commenting on the opportunity, Mr. Dale Lee, Co-Founder and Managing Director of CoffeeWORKS said, “Synesso is a world renown U.S. based manufacturer of high-spec espresso machines known for their unparalleled thermal stability, user friendliness, and reliability.  We are thrilled to be able to direct our company’s coffee industry passion toward representing Synesso products for Thailand’s emerging and important “Third Wave Coffee” market. Since 1995, CoffeeWORKS has been roasting coffee, selling equipment, and providing coffee training services for both leading coffee chains and small independent coffee shops throughout Thailand.”

    “With the addition of Synesso, CoffeeWORKS is keen to support coffee shop owners who are passionate and driven to bring out the peak flavour of their chosen espresso blends via Synesso’sadvanced espresso extraction capabilities.  The third wave coffee market is defined, in part, by a dedication to ultra-high quality in the cup via high scoring coffees extracted though temperature stable and barista controllable espresso machines.  Synesso was born out of this very desire to bring the most temperature stable commercial espresso machine to the market,” Mr. Lee continued.

    “Thailand counts a little over 3,000 coffee shops, making Thailand the largest coffee shop market in S.E. Asia.About 7%of these coffee shops are dedicated to third wave coffee offerings, but this emerging sector is starting to take off in Thailand.  Synesso will be a critically important pillar to support Thailand’s adoption of third wave coffee given Synesso’sproduct quality and strong position within third wave coffee markets globally.  Synesso espresso machines are available across three models: the Cyncra, MVP, and MVP Hydra.  A new compact Synesso,the S200, is being officially launched this week at the 2018 SCA Expo in Seattle, with global shipments set to follow in May,” said Mr. Lee.

     

    About Synesso

    Synesso was born of the desire to bring the most temperature stable commercial espresso machine to the market. This drive to innovate has never stopped. Owner and designer Mark Barnett’s ability to listen and and take action is a great strength, and this has become the backbone of the Synesso identity.  It is most evident in his designs and the many advances that Synesso continues to make. Our equipment literally gets better every day.  Mark and Co- Owner Sandy Schneiter have continued to wisely mete out growth and ensure that Synesso is both a company and a product that is respected throughout the world.

    Our team is made up of individuals with unique stories and strengths. Yet we all work seamlessly to build & distribute this exceptional espresso equipment that is proudly made in our small factory in Seattle, USA.  While we do not chase trends for their own sake, we listen acutely & respond to the needs of our customers.  Staying on the cutting edge of research and development, we work tirelessly to produce the most barista friendly, dependable, and responsive equipment on the market. Each machine is hand crafted to order by every member of the team. Originating with the customer request, a machine moves through sub-assembly, manufacturing, testing, and finishing with quality checks at each stage. Our goal is to continually achieve unsurpassed excellence.  A well-made espresso machine is the foundation of any great coffee experience at your local cafe.

    About CoffeeWORKS

    CoffeeWORKS pre-dated the boom in Thailand’s coffee shop sector.  Today CoffeeWORKS supplies both fresh-roasted coffee, Italian, German, and US engineered coffee machines, and training support services to almost 1,000 specialist coffee shop, restaurant, QSR (Quick Service Restaurant), hotel, and office locations throughout Thailand.


  • Friday, April 27, 2018 11:04 | Anonymous member (Administrator)





    A Summary of the New Smart Visa




    Smart Visa Is a new 4-year visa for professionals aiming at entrepreneurs investing in new businesses, highly skilled professionals, or executives. The Thai government is hoping for knowledge transfer, business growth and long-term economic benefits.

    The commence for this application for the Smart Visa will begin on February 1st, 2018 on wards via BOI.


    Benefits for the SMART Visa Holder

    - Allows 4-year visa instead of the current one or two-year visa.

    -Does not require work permit

    -Gives dependents of legal spouse and children the right to live and work in Thailand equivalent to the Smart Visa holder.

    -Extends 90-day reporting to annual reporting.

    Targeted Industries

    1. First S-Curve Industries 

    -Next-generation Automotive

    -Smart Electronics

    -Affluent, Medical and Wellness Tourism

    -Agriculture and Biotechnology

    2. New S-Curve Industries

    -Food for the Future

    -Automation and Robotics

    -Aviation and Logistics

    -Biofuel and Bio-chemicals

    -Digital

    -Medical hub


    The Visa Applications are categorized into 5 different types followings:

    1. SMART T - Talent  Highly skilled professionals or Specialist in scientific fields where there is shortage.

    2. SMART I - Investor  for Individual investor

    3. SMART E - Executive  Company executives in a business that is in S-Curve industries.

    4. SMART S – Startup Investors in companies that are in S-CURVE industries

    5. SMART O- Others - Legal spouse and children of Smart Visa holder


    Reporting of smart visa holder 

    The annual reporting is essentially required for the Smart Visa holder. The required information is needed to be up-to-date after visa is granted.

    Smart Visa Center in Bangkok

    Jamjuri Building Floor 18th, No. 318, Payathai Rd, Pathumwan sub-district, Pathumwan district, Bangkok 10330

    For more information 02 209 1100, ext. 1109 - 1110 or 

    Email : smartvisa@boi.go.th


  • Wednesday, April 04, 2018 14:21 | Anonymous member (Administrator)




    Mazars continues developing its digital services in partnership with all-in-one HR solutions provider, HReasily



    From Left to Right

    •     Jonathan Fryer, Accounting and Payroll Outsourcing Services Partner, Mazars Thailand
    •     Rob Hurenkamp, Managing Partner, Mazars Thailand
    •     Pascal Henry, CEO, HReasily

    Thailand – (3 April 2018) – Mazars Thailand, an international, integrated, and independent organization, specializing in audit, accountancy, tax, legal, and advisory services, is pleased to announce its partnership with Singapore-based company, HReasily, which provides a human resources solutions platform across Asia.

    In its ongoing effort to improve client services, Mazars Thailand set out to find a comprehensive HR that could serve clients of all sectors and sizes in one place. The perfect partner to develop such solutions was found in HReasily. This partnership allows Mazars to introduce cloud-based HR-compliance and payroll solutions on a single platform to both Thai and regional markets.

    The relationship between Mazars and HReasily was a synergistic one with multiple benefits, including:

    •     Efficiency: The ability to provide an HR management system that offers payroll services as well as managing the employee database, new hires, leavers, leave, timesheets, expense claims and document storage.
    •     Multi-country coverage: It enables Mazars to provide regional payroll services on a single platform, covering Thailand, Singapore, Hong Kong, Malaysia, Indonesia, Philippines and Cambodia.
    •    Ease-of-use: Payroll reports, statutory returns, pay slips and leave information will be available to the client and its employees online or via a mobile application.
    •   Seamless integration: HReasily is seamlessly integrated with Xero accounting software. Output is recorded as an accounting entry each month and posted directly into Xero.

    This customer-focused application makes it easier for companies to manage their workforces. With the recent government initiative to bolster SMEs in 10 provinces with a 3.81 billion baht pilot project, there is a strong demand for human resources solutions that are flexible enough to accommodate growth and expansion, both within Thailand and regionally. This new collaboration offers an agile technology platform that will enable SMEs to adapt as their workforce grows.

    Jonathan Fryer, Partner at Mazars, says, “HReasily’s cutting-edge technology, geographic footprint, and partner ecosystem are highly complementary to the payroll and HR expertise we have across the region. This exciting collaboration reinforces our commitment to provide our international clients with best-in-class, cloud-based solutions.”

    About us:

    Mazars is an international, integrated, and independent organization, specializing in audit, accountancy, tax, legal, and advisory services. Operating in 86 countries, the firm draws on the expertise of over 20,000 professionals to assist owner-managed businesses, international corporate organizations, and blue-chip companies at every stage of their development. For more information, please visit www.mazars.com  

    About Mazars in Thailand:

    Mazars in Thailand is a leading, accounting, audit, tax, legal, and advisory practice comprised of over 200 professionals. The practice has Thai, British, Dutch, Japanese, Australian, and Korean nationals among its senior advisers, which ensures that the company is well placed to function as a bridge between businesses operating in Thailand and related companies overseas.  For more information, please visit www.mazars.co.th

    About HReasily:

    HReasily is a cloud-based all-in-one HR solution that enables business owners to automate workflow processes and increase productivity.

    Founded in Singapore in late 2015, HReasily’s team has grown to become one of the leading HR solutions providers in Asia. For more information on HReasily and its products, visit www.hreasily.com


  • Wednesday, March 28, 2018 11:32 | Anonymous member (Administrator)




    Office Landlords Adopting Technology for Competitiveness

    Technology is rapidly changing how people work.  These changes are going to redefine how businesses will structure themselves to use these new technologies. According to CBRE, the leading international real estate advisor, there are several key areas that technology is significantly changing the workplace, and as a result the workplace strategies that occupiers implement.  These technologies include the increase of mobile technology, automation, cloud based technology and the use of artificial intelligence to manage information.

    On March 28th, CBRE hosted the 2018 Bangkok Landlord Office Symposium for 100 leading office landlords with special panelists including the landlord of the most expensive office space in Bangkok, Mr. Fafuen Temboonkiat, Managing Director of Gaysorn Property; Mr. Eric Bui, Head of Operations, Shopee Thailand, the fast growing e-commerce occupier; and CBRE industry experts Mr. Nithipat Tongpun, Head of Advisory and Transaction Services – Office, Thailand and workplace strategist Mr. Shobhit Choubey, Director of Workplace Strategy, Singapore. The panel discussed on how technology will redefine the workplace and why landlords must prepare now. 

    Mobile technology is enabling flexibility in how and where employees work, which is reshaping the way that companies plan for headcount and space requirements since employees no longer need a fulltime fixed desk in the company office.  As fixed desks are becoming increasingly less necessary, company workplace strategies are shifting towards more activity based workplaces that are open, collaborative, flexible, and provide more efficient use of office layouts that are optimized in less space.  These workspaces are focused on driving connectivity and accessibility within the workplace that break down traditional office hierarchies in favor of a more direct and flat organizational structure.

    More progressive landlords are also beginning to provide flexible space solutions to tenants including co-working space of their own while others are including co-working space as part of their tenant mix.  18,000 square meters from international co-working space operators are expected to be opened in Bangkok in 2018.  Other forms of flexible space landlords are beginning to include are bookable common rooms for meetings and events, and flexible lease terms.

    Mr. Nithipat stated, “We are not talking only tech firms anymore, we are seeing other industries using technology solutions in their workplace strategies such as consumer products, automotive, legal, and accounting companies.  They are using modern workplace strategies to attract and retain talent by increasing the flexibility and efficiency in the way their employees can work.”  The impact on landlords will vary depending on the composition of their portfolios and the locations and conditions of the office space they currently provide.  As the needs of occupiers evolve, the user experience will be a key focus. 

    The spread of artificial intelligence and automation in the workplace is increasingly replacing many clerical jobs both on the front end and backend offices of companies as companies implement cloud based solutions coupled with artificial intelligence to manage and analyze information and systems.  While the number of staff may decline, the skillset of employees will become more specialized and as a result more competitive to attract and retain.  Implementation of cloud solutions is also reducing the need for space and staff to maintain physical files as most information is entered and stored online in the cloud which makes it accessible and filed without the need for manual organization.

    Artificial intelligence is not only being implemented by occupiers but is also being implemented by landlords to monitor buildings through smart sensors that are capable of tracking and controlling everything happening within the building with quicker and more efficient response times than humans.  The internet of things is linking smart buildings with both landlords and tenants enabling the most comfortable, efficient, and convenient solutions between the buildings and the people who occupy and manage them.

    Flexibility and integration via smart building technologies will be key areas that tenants are looking for as workplace strategies become more connected and mobile.  Mr. Choubey commented, “Decreasing front and back office head counts and greater mobility in the workforce will reshape demand for the amount, types, and quality of workspace that occupiers need.  Landlords must act now to ensure they remain competitive.  CBRE Research believes that it is essential for landlords to engage tenants at an early stage, whenever possible, in planning, to understand their customers’ office needs and the technology they require in the smart buildings of the future.”

    Technology is impacting offices and workplace strategy at every level from the enhanced mobility of the individual employee and how that affects the space needs of companies. This ultimately impacts the solutions that landlords must be able to provide, both in building tech and space solutions, to serve this changing demand. 


    Follow us on:

    Facebook:      CBRE.Thailand

    Twitter:           @CBREThailand

    Instagram:     CBRE Residential Thailand

    LINE@:            @CBREThailand

    LinkedIn:       CBRE Thailand


  • Monday, March 26, 2018 09:37 | Anonymous member (Administrator)





    Celebrate A Memorable moment At Tables Grill, Grand Hyatt Erawan Bangkok




    Tables Grill at Grand Hyatt Erawan Bangkok is honored to have received a ‘Michelin Plates’ award and be listed in the first edition of the Michelin Bangkok guide book, which describes Tables Grill as, “characterized by good cooking with fresh ingredients, capably prepared, and simply a good meal.”

    As well as being a restaurant, Tables Grill is also the ideal venue for hosting truly memorable functions.  Exuding contemporary elegance and designed by the renowned interior designer Toni Chi, Tables Grill offers unparalleled sophisticated space, impeccable dining area and two stunning private rooms enhanced by signature table-side cuisine, the finest wine selection, bespoke cocktails and personalized care.

    Looking to plan a private event, corporate meeting, birthday celebration, private wine tasting or simply an intimate dining get-together?

    Tables Grill consists of three areas.  The main area offers seamless arrangements, exquisite dining and exclusivity. This is great for private functions, parties, baby showers, private dining, social functions, corporate events and meetings, and can accommodate up to 100 guests.

    Chamber – an elegant private room with sophisticated design that is ideal for an exclusive and upscale function. Chamber accommodates up to 12 guests and it is perfect for an intimate reception where VIPs and discerning guests can host private celebrations or gatherings, or simply privately wine and dine.

    Cellar - offers a contemporary ambience ideal for 32 guests and it is perfect for upscale entertaining, intimate gatherings, sparkling parties, engagement, birthday celebration and baby showers.

    If you are interested in hosting your private event, please contact our event specialist team on +662 254 1234 or email events.bangh@hyatt.com


  • Monday, March 19, 2018 13:34 | Anonymous member (Administrator)




    Bangkok Marriott Hotel Sukhumvit Bangkok Joining Good France 2018




    We are pleased to announce that The District Grill Room & Bar, Bangkok Marriott Hotel Sukhumvit will be a part of Good France 2018 on Wednesday, 21 March 2018.

    Good France or Goût de France is an event organized by the French Ministry for Europe and Foreign Affairs and the Chef Alain Ducasse. On 21 March, chefs from over 3,000 restaurants and 150 embassies over 5 continents will celebrate French gastronomy together for a meal in a healthy and earth-friendly way. Every year, Good France or Goût de France reveals French cuisine made with natural, seasonal product from various regions in France. For 2018, Goût de France will be paying tribute to the late 3 Star Michelin Chef Paul Bocuse.

    As we participate in this vital event, we proudly present delightful dishes created by our talented Chef Christian Caluwaert, drawing inspiration from Chef Alain Ducasse. In his 10 years of professional experience in Europe, Chef Christian had the privilege to work in many Michelin star restaurants such as L’Orangerie in Belgium, Hostellerie de Levernois in France and also Le 39V in France. During his tenure at these restaurants, he also had the opportunity to work with some of the legendary names in the industry such as Chef Alain Ducasse and Chef Frédéric Vardon.

    The appealing menu features starters as Cheese Gougere, Dover Sole Goujonnette and Snail Cromesquis. For the main dishes, there will be Egg Cocotte with Morels Mushrooms, Spring Asparagus and Foie Gras shaves as well as Charolais Beef Filet Mignon with potato Dauphine and Cream young spinach leaves. We also offer French cheese Platter, before you finish your wonderful dinner with Opera Valrhona French Dark Chocolate. 


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Australian-Thai Chamber of Commerce

20 Floor, Unit 203, Thai CC Tower
43 South Sathorn Road   ·   Bangkok Thailand 10120

Tel: +66 2 210 0216   ·   Fax: +66 2 675 6696   ·   office@austchamthailand.com

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