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  • Thursday, January 14, 2016 09:58 | Deleted user




    NEWS RELEASE


    ASCOTT THAILAND HOSTED CLIENTS APPRECIATION SUNSET DINNER CRUISE EVENT

     

    Thailand, 13th January 2016 – The Ascott Limited (Thailand) has recently invited over a hundred of its supporting corporate clients, The Link Club members to share the fun and joy of the festive season on a cruise.   

    Every year, Ascott hosts this special event to express gratitude and appreciation to its corporate clients for their business over the year. This round, Ascott made an event even more exciting and memorable with a 2-hour long private evening cruising and dining along the famous Chao Phraya River.


    Over 100 clients together with their family members and friends were enjoyed a fine dining in an evening cool breeze while the boat slowly moving from place to place of the lovely Bangkok nightscape.

    To add excitement and more joy, attendees were able to win many valuable prizes including a free trip to experience the Ascott way in its origin country in Singapore, free nights from Ascott’s properties in Thailand and other popular cities within Asia and many more.

    Ascott currently operates ten properties in Thailand with 9 properties in Bangkok and one in Sri Racha with 4 new properties on the way in Pattaya. Ascott’s properties are all located in prime business, entertainment and shopping districts of the city.  With modern facilities and personalised services, Ascott’s properties ensure a comfortable and enjoyable stay, whether for business or leisure.

    The Link Club (TLC) is an Ascott reward programme offering top corporate clients a delightful selection of benefits and treats including a wide range of enticing rewards through various corporate appreciation events and personalised workshops. 


    For more information about The Link Club, please visit our website: www.thelinkclub.com

      

    About The Ascott Limited (www.the-ascott.com)


    The Ascott Limited is a Singapore company that has grown to be the world's largest international serviced residence owner-operator. It has over 26,000 operating serviced residence units in key cities of the Americas, Asia Pacific, Europe and the Gulf region, as well as about 16,000 units which are under development, making a total of more than 43,000 units in over 270 properties.

    The company operates three award-winning brands – Ascott, Citadines and Somerset. Its portfolio spans 95 cities across 27 countries, 26 of which are new cities in Ascott's portfolio where its serviced residences are being developed.


    Ascott, a wholly owned subsidiary of CapitaLand Limited, pioneered Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts over 30 years of industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

    Ascott’s achievements have been recognised internationally. Recent awards include World Travel Awards 2014 for ‘Leading Serviced Apartment Brand’ and ‘Leading Serviced Apartments’ in Belgium, France, Germany, Indonesia, the Philippines, Singapore, Thailand and Vietnam, Business Traveller Middle East Awards 2015 for 'Best Serviced Apartment Company Middle East', Business Traveller Asia-Pacific Awards 2014 for ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’, Business Traveller UK Awards 2014 for ‘Best Serviced Apartment Company’, Business Traveller China Awards 2014 for ‘Best Serviced Residence Brand’ and 'Best Serviced Residence', TTG China Travel Awards 2015 for ‘Best Serviced Residence Operator in China’ and DestinAsian Readers’ Choice Awards 2015 for ‘Best Serviced Residence Brand’. For a full list of awards, please visit


    http://www.theascottlimited.com/en/aboutus/awards.


    Visit www.the-ascott.com for more information and connect with us on social media at www.the-ascott.com/connect.


    About CapitaLand Limited (www.capitaland.com)


    CapitaLand is one of Asia’s largest real estate companies headquartered and listed in Singapore.  The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services.  Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes.  Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets.  The company also has one of the largest real estate fund management businesses with assets located in Asia.

     

    CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust.

    Issued by: Ascott International Management (Thailand) Limited  

    Website: www.the-ascott.com

    41 Sukhumvit 16, Sukhumvit Road, Klongtoey, Klongtoey, Bangkok 10110 Thailand


    For more information, please contact:

     

    Myla Caceres, Director of Sales & Marketing

    Tel: (66-2) 204 4341       Email: myla.caceres@the-ascott.com


    Juree Umrarong, Assistant Director of Marketing

    Tel: (66-2) 204 4381       Email: juree.u@the-ascott.com


    Yada Anukoonpittaya, Assistant Marketing Manager

    Tel: (66-2) 204 4382       Email: yada.a@the-ascott.com




  • Monday, January 04, 2016 10:30 | Anonymous



    Singapore — (December 16, 2015) — Allied Pickfords, one of the recognizable household goods moving brands of SIRVA Worldwide, Inc., was honored with the International Moving Company of the Year Award from the Forum for Expatriate Management (FEM). This was the third consecutive year the company was recognized with an Expatriate Management and Mobility Award (EMMA).

    Allied Pickfords was recognized for its commitment to clients, employees and communities where we operate.


    “This is a fantastic achievement for Allied Pickfords. To win this award three times in a row is amazing. It’s a testament to the dedication and expertise of the Allied Pickfords employees and their commitment to delivering a custom, quality moving experience,” said Jacob George, president of SIRVA for the Asia and Middle East markets.


    When it comes to clients, Allied Pickfords strives to consistently deliver exceptional results for every move. The company aims to always act with the customers’ interest in mind. This includes optimizing customer experience through innovative technology tools and expert insights.


    The EMMAs are the global mobility industry’s premier awards, celebrating excellence in global mobility worldwide and signifying continued improvement and innovation in the delivery of relocation services.


    To learn more about Allied Pickfords, visit www.alliedpickfords.com.


  • Monday, November 30, 2015 11:06 | Anonymous






    Interest rates are likely to remain low; Average returns on Growth assets are likely to be constrained; in the absence of an external shock Share markets should continue their long term upward trend, albeit at a more modest pace.

     

    We are now in an extended period of slow economic growth, with the IMF Global GDP growth forecast at around 3.5%. This will make it more difficult in identifying investment opportunities, with subdued returns across all asset classes. There have been a number of factors contributing to this muted growth, most stemming from the GFC (Global Financial Crisis);

    • ·         Loss of confidence – consumers are paying down debt, and saving instead of spending; businesses are less likely to undertake capital investments, seeking more productivity from existing assets.
    • ·         Put another way, the increase in consumer debt has slowed resulting in a slower growth in consumer spending. Growth in Business debt is also slowing as businesses strengthen their balance sheets; reducing capital spending impedes productivity growth.
    • ·         Reduced capital spending also inhibits employment growth leading to persistently higher unemployment rates.
    • ·         Plus, a series of economic and natural disasters followed by the recent uncertainty over the China growth story, falling resource prices, and the US interest rate decision have all served to exacerbate the above loss of confidence.

     

    What can we expect as a result of slower economic growth?

    Low inflation as constrained spending keeps prices low; Low interest rates which are required to boost growth and use up spare economic capacity; and, a low risk of a global economic downturn.

     

    The positive, from an investment perspective, is that we are likely to see an extended period of growth in share markets, although with higher than normal volatility. As mentioned in the September article “For a Bear (extended falling) market to occur there has to be a fundamental reason typically when countries, in particular the U.S., fall into recession. Some but not exclusive pre-cursors to recession are over-valued asset prices, high employment, high inflation, followed by significant monetary tightening (Central Banks increasing interest rates). As discussed above none of these pre-cursors are currently evident.

     

    The problem for investors in this market is that they inherently gravitate to traditional ‘safe havens’, whether it is cash and bonds where currently returns are low with the chance of capital loss as interest rates eventually start to rise; chase ‘blue chip’ stocks bidding them up beyond fair value; or ‘bricks and mortar’ where returns are highly reliant on robust research, as mentioned in last month’s article.

     

    In investing there are no easy picks or sure things, as with every important decision, research; a sound strategy; and commitment, are the key factors. As investors we subscribe to a broadly diversified portfolio containing all of the major asset classes, in a low growth/return environment the allocation to each asset class is fundamental.

     

    As with any investment decision one should seek advice from your professional adviser before investing!

    Important note: While every care has been taken in the preparation of this article, MMT Financial Solutions (ABN 40 147 903 526, AFSL 458115) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided.


  • Friday, November 13, 2015 12:12 | Anonymous









     Cutting edge built environment technologies,  rapid urbanisation and visionary developers  have led to buildings becoming taller and  taller.

     

     The 828 m supertall Burj Khalifa in Dubai,  United Arab Emirates, was the defining tall b  building project for many years, but this title  will soon be eclipsed by many other planned  tall buildings, such as the 850 m Sky City in  China and the 1001 m Kingdom Tower in  Jeddah, Saudi Arabia.

     

     Aurecon’s Tall Buildings Leader, Dr Andy  Davids, explains that “Overall, supertall  buildings are an efficient use of space and  they also free up ground space for roads and  farms, as well as parks and other public  spaces. In many markets, this is what is  needed and why tall buildings make sense.  The most compelling business case however,  is that iconic buildings such as supertall  towers mark a place and increase the value  of all assets surrounding that place. This is a  very powerful driver in the business case for  such projects where a master developer  owns the land within the circle of influence of  the supertall marker. Tall buildings aren’t  just status symbols, they’re physically and  economically needed in today’s cities,”  asserts Davids.

     

    ”Another key feature of the current generation of supertall buildings is that they are no longer ‘single use’ buildings. Most projects over 100 levels provide a mix of uses, including hotel, serviced apartments, residential, office and observation experiences all in the one building. This is essentially a physical manifestation of today’s complex business case, and the provision of such a variety of spaces poses significant technical challenges,” says Davids.

     

    Tall buildings need to be built quickly to be financially feasible

     

     

    The lure of a supertall structure lies in its ability to mark a time and a space. To be financially viable, however, a supertall building must be designed so that it can be built quickly.

     

    “Engineering consultancies should keep asking themselves how long the owner and their bankers will wait for a return on investment. It took seven years to build the 828 m tall Burj Khalifa, and all future supertall buildings will be looking at a similar timeframe. Even if engineering advances can shorten that time, it is unlikely to be a dramatic shortening,” says Davids.

     

     

    “Engineers need to pick up the pace in order for the economics of a supertall building to make sense for the owner. For this reason, building designs often favour simple floor formwork and rapid wall formwork. Construction crews are then able to repeat the same job on every floor. Once they achieve a level of familiarity with their tasks, the labour cost will plateau and, more importantly, the speed of construction per floor will increase,” explains Davids.

     

    Another way we might see faster construction times on supertall buildings is by having construction work take place on two levels, as was achieved for the Emirates Towers in Dubai. Lower levels tend to be more complex than those higher up, so if we can create two construction ’fronts’ in the form of a secondary base level above the lower levels, then work on the upper construction front can continue, while work simultaneously occurs on the more difficult podium levels.

     

    Prefabricated and modular solutions can also pose a possible solution when it comes to reducing the time and cost of traditional techniques. The construction of the Sky City in Changsha, south-central China, has stalled but the planned skyscraper is intended to be constructed using prefabricated pieces.

     

    “Sky City uses an Ikea-like assembly method where parts of the building are fabricated in factories off site, transported to the job and then assembled on site. Considerable time is still spent preparing and storing the pieces in order to deliver a very short completion time for assembly on site,” says Davids.

     

    While the beginning-to-end construction time is certainly reduced compared with more conventional techniques, Davids says that it’s important to recognise that it’s not as dramatic as simply comparing the shortened erection phase with a more traditional alternative.

     

    “Preparation of components under factory conditions should deliver consistent material quality and also lead to a significant reduction in material wastage. As with all prefabricated systems, considerable investment in a factory is required while the architectural design of prefabricated structures can be a little limited. But, all things considered, the idea is credible and feasible, although it probably won’t be suited to all markets,” says Davids.

     

    Tall buildings require a business case

     

     

    Owners aren’t always able to wait over a decade to start seeing a return on their investment. What many people don’t realise about some of the world’s tallest buildings, including the Burj Khalifa, is that the owners had to think outside of the box to find a good business case for the project.

     

    “Few people will be aware of the business case around the creation of the Burj Khalifa. The real magic of this building is that its owners also own the land and properties around it. The owners can charge a premium for these buildings, in addition to the income derived from the Burj Khalifa, because people are willing to pay for the prestige and views associated with being so close to the landmark. Also, the Y-shaped design of the Burj Khalifa ensures that occupants are never more than one room away from the stunning view, making tenancy more attractive,” says Davids.

     

    As the number of supertall buildings continues to grow, engineering consultancies are in the prime position to create a business case for the developer and the developer’s clients.

     

    “Being able to craft a financial model where the increase in the land value and the benefit to the citizens as well as tenants is clear, will enable owners to invest in these magnificent structures,” concludes Davids.


  • Friday, November 13, 2015 11:45 | Deleted user



    Press briefing invitation


    Dear Editors and Correspondents,

    This year Grant Thornton will celebrate 10 years of publishing the “International Business Report: Thailand Focus”. At this year’s press conference we will take a look at what the last 10 years have brought us in Thailand and compare it with our neighbours.


    For example, in that time Thailand has had 11 Prime Ministers (if we include those that were acting), 10 Finance Ministers, many deadly street protests, two coups, one airport shutdown and one devastating flood of massive proportions. Given this it is almost surprising that Thailand has managed to eke out an annual average growth rate of 3.13% over the last 10 years, albeit the lowest in the region. What about our neighbours in that time? What is the price of a coup to an economy? What can Thailand do to build its GDP growth?


    This is just some of the information that we will be covering at our annual press briefing, “International Business Report (IBR): Thailand focus 2015”.

    This year our Managing Partner, Mr. Ian Pascoe, and Partner and specialist in the ASEAN and the AEC, Mr. Andrew McBean, will provide analytical information that will include:

    • Key highlights of the IBR 2015 business survey

    • A Thailand economic overview, what we should learn from the last 10 years and what will happen in 2016

    • The future of Thailand’s economy compared with other countries in the ASEAN.

    • The perspective of foreign investors on the current economic and political situation in Thailand and many other topics.

    Grant Thornton would like to invite you to attend our press briefing on:


    Date:            Wednesday, 18 November 2015
    Time:           10.00-11.30AM.
    Venue:         Boardroom 1, Business center 4th floor – JW Marriott Hotel Bangkok


    Please confirm your attendance by telephoning Khun Suriya Samritchindakun at 02 205-8142 or 089 488 2868, or by emailing suriya.samritchindakun@th.gt.com.


    We look forward to your acceptance of this invitation. 


  • Tuesday, November 10, 2015 10:42 | Deleted user

    “Beat the Bad Breath” by Dr. Harold Katz (the Bad Breath Guru)


    Have you ever wondered what the causes of bad breath are? Have you ever felt uncomfortable with your friend breath? How could you help them? How could you prevent the bad breath? For some cases, bad breath can also lead to divorcement. It’s not that small problem at all! We shouldn’t overlook this!


    We would like to invite members and friends to join our seminar “Beat the Bad Breath” by Dr. Harold Katz, the Bad Breath Guru from USA. He will answer all the questions you have.

    Moreover, we also have the special gifts for those who attend our seminar as well.


    Please click here to see his profile.


    Event details


    Date: Friday 13 November 2015

    Time: 9.00 am – 9.30 am Registration 9.30 am – 12.00 pm

    Cost: Free

    Location: MedAsia Healthcare Complex, Sukhumvit Soi 5

    Transportation: Nana BTS Skytrain (5 mins walk to MedAsia Building)


    Make a reservation: 02-255-2488 or international@dentalthailand.com


  • Friday, November 06, 2015 13:21 | Anonymous






    Regents International School Pattaya, the British international day and boarding school located on the outskirts of Pattaya in Thailand, today announces the launch of its new Scholarship Programme for students. The scholarships will cover a range of disciplines – academic, drama, music, art and golf – and be worth up to 100% of the boarding and tuition fees.

     

    The school has planned the launch of the scholarship programme to coincide with several other initiatives coming to fruition. Almost 300 million baht (USD 8.4 million) will have been invested in the school by the end of this year, giving scholars access to the finest school facilities on the Eastern Seaboard of Thailand. Since September, Regents has been the only boarding school in the world collaborating with the world-renowned Juilliard School in New York, which provides students with a curriculum devised by some of the finest performing arts educators in the world. Regents has also introduced the Global Campus, a programme which offers unparalleled learning opportunities to those students who attend one of the 42 Nord Anglia Education schools worldwide.

     

    The Scholarship Programme is being steered by Paul McConnell, the highly experienced Deputy Head of the Secondary School at Regents. “At Regents, we believe that all students can attain high standards, as long as they are given the right opportunities, support and motivation – and are prepared to work hard. Inevitably, some students will grasp opportunities more wholeheartedly than others. Some will readily learn to translate the support they are given into increasing levels of independence and self-determination and discover within themselves a level of personal motivation which sets them apart. In other words, they will maximize their potential as a learner. If this describes you, you may have the makings of a Regents Scholar.”

     

    Families wishing to find out more about the Scholarship Programme are encouraged to contact the Admissions Office on 093 135 7736

  • Thursday, September 24, 2015 15:58 | Anonymous



          


    The annual Last Night of the Proms event returns to Bangkok on 29th October 2015, promising another evening of top quality musical entertainment and hospitality at Shrewsbury International School.


    The 9th Shrewsbury “Proms”, based on a musical festival that was first staged in Britain over 120 years ago, is inspired by the theme “Carpe Diem” (seize the day). The programme includes a selection of uplifting modern classics alongside the traditional Proms favourites, all performed in Shrewsbury’s world class auditorium.

    The concert will feature performances from Shrewsbury’s renowned Symphony Orchestra and Chamber Choir under the baton of Director of Music, Ken Haggarty, and returning guest conductor from Shrewsbury’s UK sister school, John Moore.

    The event starts at 5:30pm with a pre-concert drinks reception followed by a quality buffet dinner of fine international cuisine, and will be capped with a post-concert fireworks display finale, all enjoyed in Shrewsbury’s unique riverside setting.

    The guest list includes business leaders from national and international companies and representatives from a range of embassies and social and professional organizations.


    So, seize the day and, friends and family to join us for another memorable evening at Shrewsbury International School.










    For tickets, please email: tickets@shrewsbury.ac.th or call 02 675 1888 ext 1108 / 1113

    More information can be found at shrewsbury.ac.th

  • Thursday, September 24, 2015 12:35 | Anonymous





    Bangkok, Thailand, 22nd September 2015 – CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), and the Group’s philanthropic arm, CapitaLand Hope Foundation (CHF), organised the first CapitaLand International Volunteer Expedition to Chiang Rai province. The expedition reached out to over 500 students of Doi Wiangpha Pittaya School through the iCare Thailand Foundation.

     

    Close to 50 volunteers from CapitaLand, including staff from Ascott, helped to improve the rural school’s facilities to create a better study environment and brighter future for the students.  The volunteers comprised senior management and staff from Thailand as well as various countries such as China, Malaysia, the Philippines, Singapore and Vietnam.

     

    Doi Wiangpha Pittaya School is a Thai government school located within the Golden Triangle area of Northern Thailand, a 10-hour drive from central Bangkok.  The school provides education to over 500 children from kindergarten up to 9th Grade, with 50 children living on the school premises.

     

    Aside from painting the school’s exterior and refurbishing the playground, amongst other tasks, to upgrade the school, the volunteers conducted a specially designed lesson, named the “CapitaLand Little Architect Programme”, to enable the children to learn building construction concepts in a simple, yet fun way.  The volunteers also brought cheer and bonded with the children through a wide array of interactive activities such as team sports as well as arts and craft.

     

    To mark the start of a new school semester in meaningful way, all students received a surprise gift of CapitaLand schoolbags, stationery and school shoes.  This is part of the “My Schoolbag” programme supported by CHF that has been benefiting underprivileged children since 2009.

     

    Mr Tan Seng Chai, Group Chief Corporate Officer, CapitaLand Limited and Executive Director, CapitaLand Hope Foundation, said: “CapitaLand is committed to support underprivileged children through CHF and the various community development efforts in countries where we operate.  To date, CHF has donated about S$23 million (THB598 million) and we remain committed to continue with our efforts in Thailand.”

     

    Mr Tan added: “To mark CHF’s 10th anniversary this year, the foundation has pledged at least S$1 million (THB 25.4 million) to charity, to celebrate volunteerism.  We target to garner 100,000 volunteer hours through our #100KHopeHours global volunteer challenge whereby every volunteer hour clocked will raise a S$10 donation to support programmes for the education, healthcare and shelter needs of underprivileged children in Asia, including Thailand.  We hope that our contributions and the great support from the volunteers will help to improve the lives and future of the less fortunate children.”

     

    Mr Tony Soh, Ascott’s Chief Corporate Officer, said: “We have built a strong presence in Thailand since the opening of our first property in Bangkok over 15 years ago.  Ascott has become the largest international serviced residence owner-operator in Thailand with over 1,800 apartments in 10 properties, and we plan to open two more serviced residences in Bangkok and Sri Racha by 2018.  As we expand our network of properties, we are also committed to give back to the local communities in a sustainable way.  This is in line with Ascott’s parent company - CapitaLand’s credo of ‘Building People. Building Communities.’ It was very fulfilling for me to join the other volunteers to help to upgrade the school and reach out to the students.  Ascott will continue to do our part to make a meaningful difference to the lives of the less privileged children across the world.”

     

    Mr Songkran Prommit, Principal and Director of Doi Wiangpha Pittaya School, said: “I would like to thank you and express my deep appreciation for the enormous support offered by CapitaLand Hope Foundation, Ascott and iCare Thailand.  Because of your efforts, the children in the highland areas will have an opportunity for education, same as those in the lowlands.  The goods donated, the playground equipment which is a favourite of the kindergarten, as well as your time and effort, goes such a long way in showing you care for the children of Doi Wiangpha Pittaya School.  You will never be forgotten.”

     

    This is the second time Ascott has worked through iCare Thailand Foundation to support students of Doi Wiangpha Pittaya School.  In 2014, volunteers from Ascott and iCare Thailand Foundation visited the school and donated new bunk beds, sheets, mattresses as well as individual storage boxes for the needy students to store their clothing sponsored by CHF.  The aim was to improve the school’s accommodation conditions for the hill tribe children who live in remote villages as they would otherwise be unable to attend school and attain a better education.

     

    In 2008, CapitaLand volunteers from Singapore, China, India, Malaysia and Thailand built a dormitory sponsored by CHF for Baan Sawa School in Bo Kleau, Northern Thailand.  With the school dormitory, the children no longer need to walk an average of 8 km per way between their home and the school.  In addition, CHF also sponsored 135 needy children in Bo Kleau through World Vision.

     

    Through #100KHopeHours, CHF seeks to rally the public to volunteer their time, skills and effort for charity, highlighting the message that everyone can contribute in different ways to benefit the community.  Volunteers simply have to log on to www.capitalandhopefoundation.com/100khopehours to clock their volunteer hours to raise funds for underprivileged children.

     

    Visit www.facebook.com/capitalandhopefoundation for photographs from the expedition.



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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