WEB BBS APR 18
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April 20<strong>18</strong><br />
BANGKOK<br />
TM<br />
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COPY<br />
BUSINESS<br />
FRESH AND UNIQUE, JUST TWO KEY FACTORS IN THE<br />
TOSCANA/MOOM TALAY DINING EXPERIENCE<br />
COVER STORY OVERLEAF<br />
INSIDE THIS ISSUE ...<br />
& FUTURE MASS TRANSIT LINES TO SHAPE BANGKOK’S PROPERTY ...<br />
& CENTRAL BANK SEES ECONOMIC GROWTH EXCEED EXPECTATIONS<br />
& DDPROPERTY’S PROPERTY PRICE INDEX SEEN TRENDING HIGHER<br />
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cover story<br />
FRESH AND UNIQUE, JUST TWO KEY FACTORS IN THE<br />
TOSCANA/MOOM TALAY DINING EXPERIENCE<br />
The Toscana Italian restaurant and associated<br />
Moom Talay Thai restaurant are, arguably,<br />
probably unique in Southeast Asia and, without<br />
any doubt at all, unique in Pattaya in the source<br />
of around 90 percent of the food and condiments<br />
served to their wide array of customers comes<br />
from the two organic farms operated by the<br />
owners.<br />
Luca Marchetti, mine host of Toscana, is justifiably<br />
proud of his organic vegetable farm and<br />
his separate organic animal farm which features<br />
a wide variety of creatures great and small, all<br />
of which contribute in a large way to the dining<br />
experiences in both Toscana and Moom Talay.<br />
While Luca admitted it would be cheaper to buy<br />
everything he and his wife sell in Moom Talay<br />
and Toscana from suppliers, he says, “How<br />
could I promote my food in my restaurant if I<br />
didn’t know where it came from?”<br />
Luca and his Thai wife have almost a lifetime<br />
experience in the restaurant trade, with Luca<br />
growing up on a farm in his native Tuscany in<br />
Italy, learning the secrets to good, wholesome<br />
food at the feet of his parents and grandparents.<br />
Whether it’s the meat adorning the pizza, pasta<br />
or ravioli dishes, or the butter for the homemade<br />
bread or the mayonnaise dressing or the ice<br />
cream for dessert, the absolute majority of the<br />
ingredients are grown, nurtured and sourced<br />
from one or both of the organic farms.<br />
Luca refuses to use any chemicals on his produce,<br />
preferring nature and nurture to provide<br />
the necessary abundance to keep the restaurant<br />
tables stocked with what really is fresh vegetable<br />
produce.<br />
The organic animal farm is situated in Huay<br />
Yai, is spread over 50,000 square metres and<br />
employs around eight staff to feed and care<br />
for a wide variety of animals, from pigs, goats<br />
and rabbits to chickens, ducks and geese. The<br />
central policy Luca and his staff employ on<br />
the farm is they let nature take its course. As<br />
Luca says, “We do not use antibiotics for the<br />
animals.” In recent times the animal farm has<br />
grown in size with addition of cows to provide<br />
organic milk.<br />
Bangkok, with restaurateurs realizing the quality<br />
and taste are second-to-none and must surely<br />
lead to a better dining experience for their own<br />
clientele.<br />
As for Toscana and Moom Talay, the fact that<br />
you’re dining, inside or outside, right across the<br />
road from the beach in what is usually a fine<br />
evening, the result is well worth making a special<br />
effort to experience and savour.<br />
Parking is easy. Just drive into the car park of<br />
the Tropicana Hotel, which is right alongside<br />
Toscana, take a ticket, have it stamped by the<br />
staff of either Moom Talay or Toscana, and the<br />
parking is free.<br />
Toscana and Moom Talay are open every day<br />
from midday until midnight.<br />
Not surprisingly, Luca has been approached to<br />
sell some of his organic produce to outlets in<br />
Trattoria Pizzeria Toscana<br />
Moom Talay Thai Restaurant<br />
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FUTURE MASS TRANSIT LINES<br />
TO SHAPE BANGKOK’S<br />
PROPERTY SECTOR<br />
According to leading property<br />
analysts, new mass transit lines<br />
that are to be built across Bangkok<br />
will lead to significant changes<br />
in the property sector over the<br />
course of the next 10 years.<br />
There are 11 mass transit projects<br />
that will span a total of 480 kilometers<br />
due to be rolled out by<br />
2025. These include the Yellow<br />
line from Lat Phrao to Samrong,<br />
the Brown line from Khae Rai to<br />
Lam Sali, the Pink line from Khae<br />
Rai to Min Buri and the Orange<br />
line from Thailand Cultural Centre<br />
to Min Buri.<br />
Surapong Laoha-Unya, chief operating<br />
officer at Bangkok Mass<br />
Transit System Plc., (operator<br />
of the skytrain), was quoted as<br />
saying, “Land prices in locations<br />
along the skytrain and MRT rose<br />
by 10% per year on average,<br />
compared with an average increase<br />
of 3% in land prices in<br />
Bangkok.”<br />
He expects the effects on property<br />
prices along the new routes will<br />
be similar to those seen along<br />
the already established skytrain<br />
and MRT, noting that new housing<br />
supply is falling but condo supply<br />
along mass transit routes is rising,<br />
with a healthy sales rate of above<br />
70 per cent.<br />
The Skytrain has seen passenger<br />
numbers increase around 9 per<br />
cent per year each year since its<br />
completion in 1999. However the<br />
recently completed Purple line<br />
was less popular.<br />
Tritecha Tangmatitham, managing<br />
director of SET-listed developer<br />
Supalai Plc., was quoted as saying,<br />
“In locations along the Purple<br />
Line on Rattanathibet Road<br />
onwards, land prices are still low<br />
and traffic is not too heavy,”<br />
adding, “People usually prefer a<br />
single house or townhouse to a<br />
condo unit. This is why there are<br />
still several unsold condos there.”<br />
When the Purple Line was being<br />
constructed, there were many<br />
condo launches with a lot of supply<br />
coming on to the market.<br />
Mr. Tangmatitham was also quoted<br />
as saying, “The Purple Line is<br />
not popular as it takes longer and<br />
is more expensive than using a<br />
passenger van. Even when the<br />
missing link was connected, it did<br />
not matter.”<br />
However, as inner city prices grow<br />
to higher levels, new areas along<br />
the Yellow, Pink and Orange lines<br />
will allow the property market to<br />
offer more affordable alternatives.<br />
Chatchai Payuhanaveechai, chief<br />
executive and president of the<br />
Government Savings Bank was<br />
quoted as saying, “Foreigners<br />
will become a new market for<br />
the Bangkok property market<br />
as condos priced higher than<br />
300,000 baht per square meter<br />
may not be mainly for Thais,” adding,<br />
“Many wealthy Thais still want<br />
to live in a single house on a large<br />
plot of land.”<br />
The bank had researched the<br />
market and found that demand<br />
in Greater Bangkok rose 5.5 per<br />
cent while supply only rose 3.5<br />
per cent. This lead to an eleven per<br />
cent rise in total residential transaction<br />
values as prices moved<br />
higher.<br />
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BUSINESS SUPPLEMENT<br />
places Thailand in <strong>18</strong>th position out of a basket<br />
of 20 countries in Asia.<br />
At first this may be pleasing, but in fact all<br />
20 countries have what the World Health Organisation<br />
(WHO) considers serious pollution<br />
problems. Myanmar topped the table with a<br />
pollution reading index of 93.03. Thailand’s<br />
index rating was 72.86, marginally worse than<br />
the Philippines (72.55) but better than Vietnam<br />
(88.10) and Cambodia (79.41).<br />
JUST THE STATISTICS<br />
While bar charts, line graphs and simple numbers<br />
are hardly capable of providing the defining<br />
answer to many economic, social and political<br />
questions, they are certainly a good way of<br />
obtaining a general overview of any particular<br />
subject.<br />
Each month the Business Supplement will look<br />
into a brace of statistical information and provide<br />
readers with what we consider to be the central<br />
elements of these figures.<br />
Connectivity and social media usage<br />
According to We Are Social and Hootsuite, of<br />
the 7.6 billion people on the planet more than<br />
four billion are using the internet while some 66<br />
percent have a mobile phone. Over three billion<br />
people engage in social media, nine out of 10<br />
on mobile devices.<br />
For Thailand, it is estimated that 51 million (out<br />
of a population of 69 million) are social media users<br />
with annual user growth running at around<br />
11 percent. A regular user is somebody who<br />
claims they engage on a social media platform<br />
such as Facebook or Instagram at least once a<br />
day on average.<br />
By comparison with its neighbours in Asean,<br />
social media growth in Indonesia is growing at<br />
23 percent per year while Vietnam is growing<br />
at 20 percent, the Philippines at 12 percent and<br />
Malaysia and Singapore at nine percent each.<br />
Pollution remains a serious challenge in<br />
urban centres in Asia<br />
According to statistical evidence collated from a<br />
number of sources, air pollution in urban areas,<br />
based on the annual output of carbon dioxide,<br />
A reading of 53 or above is considered dangerous<br />
to health and it is recommended people<br />
refrain from all outdoor exertion. So, pounding<br />
the pavements (where they exist) in Bangkok<br />
is not considered a very sensible idea.<br />
Locked up in Thailand<br />
Recent statistical information from sources<br />
such as World Prison Brief and the Institute for<br />
Criminal Policy Research (ICPR), has placed<br />
Thailand as the number one country in Asia for<br />
incarcerating its citizens.<br />
In what is a sad indictment, Thailand averages<br />
476 people per 100,000 of the population doing<br />
time in prison. In real numbers there were<br />
over 322,000 people in 144 prisons, which<br />
only have an official capacity of 217,000.<br />
Thailand’s numbers far outnumber the next<br />
highest country in Asean, that being Singapore<br />
with 213 people per 100,000 in the ‘clink’. The<br />
Philippines has 172 per 100,000 in jail ahead<br />
of Malaysia with 167, Cambodia 159, Myanmar<br />
145, Vietnam 122, Laos 119 and Indonesia 89.<br />
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“Bits n<br />
Bytes”<br />
STEVE DICKENS<br />
This month I thought we would look at what basic things to consider in<br />
a mobile phone. From what has been brought on to the market so far<br />
this year it appears that manufacturers are running out of ideas when it<br />
comes to innovation, so getting the basics right is important.<br />
1. Storage size<br />
Get a minimum of 16GB data storage.<br />
Apps have become much bigger and<br />
not all can use the removable Micro<br />
SD memory card. Phones with only<br />
8GB storage are now a source of<br />
constant frustration.<br />
2. Flipping around<br />
Random Access Memory (RAM) is<br />
the feature that makes your phone<br />
seem ‘fast’ when it’s running several<br />
big apps. Aim for more than 1GB<br />
of RAM. 2GB is the minimum for<br />
gamers<br />
3. Hard body<br />
Metal phone bodies are not necessarily<br />
more durable than plastic<br />
ones, and they can hamper your<br />
reception. However, metal finishes<br />
definitely indicate a higher-grade<br />
product overall.<br />
4. Camera complexity<br />
Phone cameras with the High Dynamic<br />
Range (HDR) feature take<br />
much better photos in complex<br />
settings with a mix of bright and dark<br />
areas. Note: this is still rare on budget<br />
phones, though.<br />
5. Magic touch<br />
Fingerprint sensors are becoming<br />
more and more common, even on<br />
budget phones. They’re convenient<br />
for unlocking the phone quickly and<br />
could also be used for secure payments<br />
from your smartphone in the<br />
near future. Some phones even allow<br />
your fingerprints to unlock your<br />
phone, and then startup an app.<br />
So your thumb could start up your<br />
camera, index finger Facebook etc.<br />
6. Soft screen<br />
Screen protectors are largely unnecessary.<br />
They’re made of plastic that<br />
scratches far more easily than the<br />
chemically hardened glass on your<br />
phone screen that can withstand<br />
car keys and coins in your pocket.<br />
7. Power banks<br />
Power banks are rated in milliamp<br />
hours (mAh), the same as your<br />
smartphone battery. If you carry a<br />
power bank, then your power bank<br />
should be bigger than your phone<br />
battery because 20% of the power is<br />
lost in the charging process.<br />
Then having got your phone, one<br />
of the biggest running expenses<br />
can be the use of mobile data, so<br />
consider the following:<br />
1. USE APPS TO TRACK DATA<br />
CONSUMPTION<br />
Use your phone’s built-in application<br />
or download a third-party application<br />
to track how much data you are using.<br />
They will tell you which applications<br />
are using the most data so you<br />
can consider deleting them.<br />
2. DELETE UNDERUSED APPS<br />
AND UPDATE THOSE YOU DO USE<br />
Applications that aren’t in use may<br />
still use data in the background.<br />
Consider deleting them and keep<br />
the ones you use updated – you can<br />
also specify ‘update on Wi-Fi only’ to<br />
save your mobile data.<br />
3. DON’T PUT VIDEOS ON AUTO-<br />
PLAY<br />
Videos are fun to watch, but they<br />
can consume data very quickly. Setting<br />
applications like Facebook and<br />
Instagram not to autoplay videos will<br />
save you a chunk of data.<br />
4. USE DATA-SAVING APPS AND<br />
BROWSERS<br />
Chrome and Opera mobile browsers<br />
are renowned for their data-saving<br />
features. Both use data-saver technologies<br />
that reduce the size of the<br />
information a device downloads.<br />
5. BUY A DATA BUNDLE AND<br />
LOWER YOUR MONTHLY DATA<br />
CHARGES<br />
Measure your average data spend<br />
per month to see whether your current<br />
data bundle is the right size for<br />
you. If you use more data than you<br />
receive on a monthly basis, increase<br />
or add another bundle to your contract.<br />
Typically paying for extra data<br />
that is over and above your included<br />
amount can be very expensive.<br />
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BUSINESS SUPPLEMENT<br />
CENTRAL BANK SEES ECONOMIC GROWTH EXCEED EXPECTATIONS<br />
Thailand’s economic growth has exceeded<br />
expectations according to the Central Bank<br />
Governor, Mr.Veerathai Santiprabhob. However<br />
he indicated that interest rates could stay low<br />
since inflation is still relatively muted, even<br />
though there is a shift to a bias of higher rates<br />
globally.<br />
The last Central Bank forecast in December<br />
2017 indicated a growth rate of 3.9 per cent in<br />
20<strong>18</strong>, but there is speculation that the Central<br />
Bank may revise its forecast upward in the near<br />
future.<br />
Mr.Veerathai Santiprabhob was quoted as saying,<br />
“The momentum since we announced the last<br />
forecast has exceeded our expectations.”<br />
He was pleased by a rise in import numbers<br />
suggesting that this was indicative of increased<br />
capital investment. However at the same time<br />
he was mindful of risks to the recovery.<br />
Mr. Santiprabhob was also quoted as saying,<br />
“Even though it has become more broad-based,<br />
I think it needs to be supported by accommodative<br />
monetary policy. There is not much inflationary<br />
pressures now in Thailand.”<br />
Tops Daily to feature Kerry Express drop-off<br />
points<br />
Kerry Express delivery service will enter into a<br />
partnership with Tops Daily mini supermarket in<br />
order to provide drop off points for its next-day<br />
nationwide delivery service.<br />
The rollout will initially cover 47 selected<br />
branches and will be expanded to 70 outlets.<br />
The move comes after Tops Daily expanded<br />
its offerings to include other niche services including<br />
recently added breakfast corners, bill<br />
payment services, and co working spaces.<br />
Ms. Phattaraporn Phenpraphat, executive<br />
vice-president of Central Food Retail was quoted<br />
as saying, “Kerry Express is the ideal partner to<br />
echo these concepts, as its extensive network<br />
allows it to provide outstanding services at very<br />
competitive prices.”<br />
The tie up with Kerry Express is to meet the<br />
demands of young online business owners<br />
who need to send their goods to customers.<br />
Director and general manager of Kerry Express,<br />
Michael Choi, was quoted as saying,<br />
“We are very happy to partner with Central<br />
Food Retail, and we believe Tops Daily is only<br />
the beginning. The group’s vision in serving<br />
online entrepreneurs and SMEs coincides<br />
very much with this belief. We trust that social<br />
commerce has an important future in Thailand.”<br />
Ikea increasing its presence in Thailand<br />
Ikano Private Limited, the owner of the<br />
Ikea furniture franchise in Thailand, recently<br />
opened its second Ikea store. The 50,278<br />
square meter store is located in Bang Yai,<br />
Nonthaburi, next to the Central West Shopping<br />
center.<br />
Thomas Friberg, store manager at Ikea Bang<br />
Yai was quoted as saying, “We have ambitious<br />
plans to grow in Thailand, striving to realise<br />
our vision of creating better everyday lives for<br />
people here and in Southeast Asia. Now you<br />
can come and shop at Ikea stores in eastern<br />
and western Bangkok, with outlets set to open<br />
in the northeast and southwest.”<br />
The Bang Yai store represents an investment<br />
of 6.3 billion baht. The company has also<br />
purchased a 1.5 million square meter plot of<br />
land in Rangsit for future development.<br />
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BUSINESS SUPPLEMENT<br />
Thailand was the third largest market for<br />
PHEVs by ratio for BMW, with the number<br />
of PHEVs sold amounting to nearly one-seventh<br />
of all BMW cars in the Thai market. In<br />
first place was Malaysia, where BMW’s PHEV<br />
sales were nearly half of all its cars sold and<br />
in second place was Scandinavia, where just<br />
over a quarter of sales were PHEV’s. The aim<br />
is to bring Thailand’s ratio up to 20 per cent or<br />
even 25 per cent in 20<strong>18</strong>.<br />
BMW TO INVEST IN ELECTRIC VEHICLE<br />
PLANT EXPANSION<br />
BMW Group Manufacturing Thailand has allocated<br />
400 million baht to upgrade its production<br />
plant to make electric vehicles. The plant will<br />
expand into an extra area of 5,000 square meters,<br />
a twelve per cent increase on the current<br />
space of 45,000 square meters. The plant is<br />
located in Rayong at the Amata City industrial<br />
park.<br />
Plug in Hybrid Electric Vehicles (PHEV’s) are<br />
to be manufactured at the site. The company<br />
also expects to start producing the batteries for<br />
the cars from 2019. BMW has applied for Board<br />
of Investment privileges for the project, under<br />
a special government electric vehicle scheme.<br />
Jeffrey Gaudiano, Managing director and chief<br />
executive of BMW Group Manufacturing Thailand,<br />
(a local arm of the German car maker),<br />
was quoted as saying, “We have to prepare in<br />
advance for both vehicle and battery assembly<br />
lines to seek more suppliers and purchase new<br />
tools under the EV platform, as we can move<br />
more slowly than others,” adding, “BMW is in<br />
the process of concluding talks on this project<br />
with government agencies, including the BoI.”<br />
BMW joins its European counterpart Mercedes-<br />
Benz in taking advantage of the government<br />
scheme. The latter company is one step ahead<br />
and is already producing batteries for PHEVs.<br />
There is much excitement about the PHEV<br />
market in Thailand on the part of BMW especially<br />
considering that in 2017, year on year<br />
PHEV sales rocketed 269 per cent.<br />
Stefan Teuchert, president of BMW Group<br />
Thailand, was quoted as saying, “We believe<br />
in the future electrification trend in the Thai<br />
automotive market, but it is not easy to make<br />
EVs locally when the market is still small and<br />
local motorists have limited experience with<br />
new generation vehicles,” adding, “an important<br />
thing is to import and introduce innovative EV<br />
cars to give motorists the necessary experience,<br />
helping grow the market.”<br />
Currently, BMW assembles four PHEVs in<br />
Rayong for the domestic market, these being<br />
the X5 xDrive40e, 740Le, 530e, and the<br />
330e. However the batteries are still made in<br />
Europe. The company’s PHEV sports model<br />
i8 is also imported from Europe for sale in the<br />
Thai market.<br />
The company is celebrating its 100,000th<br />
vehicle rolling off the production line from the<br />
Rayong plant. Of these 90,000 were cars and<br />
the rest were motorbikes. The 100,000th<br />
vehicle was a 530e.<br />
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Only 3 Exclusive Villas Remaining!<br />
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BUSINESS SUPPLEMENT<br />
Focacce<br />
Completely homegrown burgers<br />
now a lunch feature in Toscana<br />
The Toscana Italian restaurant began April by introducing a new lunch-time<br />
special menu featuring a range of burgers. The new menu is designed to appeal<br />
to those people who may have spent the morning on Pattaya beach and just<br />
want to skip across the road and have a quick and easy bite to eat before either<br />
going back to spend the rest of the day on the beach, or return to their hotel to<br />
get ready for the evening.<br />
What separates the Toscana burger offering from the numerous burger places dotted<br />
along Beach Road and elsewhere, is that all the ingredients are<br />
sourced from one of the two organic farms operated by<br />
the restaurant on the outskirts of Pattaya.<br />
Whether it’s the burger patty itself<br />
- and this is available in a wide<br />
variety of meats from pork to<br />
chicken to veal to lamb and<br />
even goat - to the lettuce,<br />
tomato, or any other garnishing<br />
to the butter and<br />
the bread roll itself, it is all<br />
produced from the farms.<br />
This ensures not only the<br />
Hamburger<br />
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For all your advertising enquiries - Tel: 0846 77 43 60
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Of course, the hot weather at this time of<br />
year also encourages indulgence in desserts,<br />
and the Toscana menu is replete with<br />
the most natural selection of ice creams<br />
and sorbets. All the desserts are made<br />
from natural ingredients, all of which are<br />
sourced from the organic farms and prefreshest<br />
taste but sets the Toscana burger<br />
menu apart from anywhere else in Pattaya<br />
as having the most natural, organicallygrown<br />
ingredients, a claim no-one else can<br />
make.<br />
The aim of the burger menu is to encourage<br />
people to feel they can simply drop in<br />
to Toscana without the need to get too<br />
formal when it comes to attire. It is also<br />
meant to encourage people to partake<br />
of an easy selection of dishes, not just<br />
burgers. From cheese platters for one or<br />
two or more diners to selected naturallyprocessed<br />
meat platters for one or two or<br />
more diners to a wide selection of breads,<br />
the choices are almost endless.<br />
Focaccia and Panini have to be special<br />
favourites among those who enjoy their<br />
Focaccia<br />
Italian-style food and this is on offer during<br />
the lunch-time menu (as well, of course,<br />
during the rest of the day and night) while<br />
Porchetta is a perhaps more specialty dish<br />
for true meat lovers.<br />
Salami Plate<br />
Homemade<br />
Ice Cream<br />
pared in-house. And be sure to sample the<br />
home made yogurt made from the daily<br />
supply of fresh milk from the farms. The<br />
taste difference compared to anything else<br />
in the marketplace is obvious and keeps<br />
people coming back for more.<br />
There can’t be much better dining experiences<br />
than to sit outside on the terrace<br />
overlooking the beach – or inside in a fully<br />
air conditioned environment if you need<br />
a break from the heat of the day - while<br />
munching on a burger and sipping an icecold<br />
beer, or maybe just tucking into a bowl<br />
of ice-cream as you watch the world go by.<br />
Trattoria Pizzeria TOSCANA Restaurant<br />
and the Moom Talay Thai Restaurant<br />
are located on Beach Road, Pattaya<br />
(between Soi 6 and Soi 7). Telephone:<br />
038 362 370; Fax: 038 362 371;<br />
email: tirreno@ptty2.loxinfo.co.th<br />
For reservations: Phone 081 861 3446.<br />
Trattoria Pizzeria Toscana<br />
Moom Talay Thai Restaurant<br />
Email: ben.hightowerltd@gmail.com<br />
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT<br />
INTRODUCING THE NEW JAGUAR E-PACE<br />
The Jaguar E-PACE is a five-seat compact SUV<br />
that packs the design and performance of a<br />
Jaguar sports car into a spacious, practical and<br />
connected all-wheel-drive vehicle.<br />
Trademark Jaguar driving dynamics and stirring<br />
design put the brand’s sports car DNA in<br />
a practical design packed with advanced technologies.<br />
The E-PACE, the newest member<br />
of Jaguar’s SUV family following the F-PACE<br />
performance SUV and takes design inspiration<br />
from the F-TYPE sports car.<br />
The exterior design is characterised by the<br />
distinctive Jaguar grille, muscular proportions,<br />
short overhangs and powerful haunches the<br />
E-PACE a bold and purposeful stance, instantly<br />
communicating dynamic agility. Jaguar sports<br />
car DNA is also evident in the fast sweep of the<br />
roofline and the distinctive side window graphic.<br />
“Established Jaguar design principles ensure<br />
the E-PACE is immediately recognisable as the<br />
sports car of its class. Our new compact SUV<br />
combines the interior space, connectivity and<br />
security that families expect with the kind of<br />
proportions, purity of design and performance<br />
not usually associated with such a practical<br />
vehicle.”<br />
Ian Callum, Director of Design, Jaguar<br />
The E-PACE has exceptional interior space.<br />
The compact SUV is 4,395mm long with short<br />
front and rear overhangs of 882mm and 832mm<br />
respectively. Its 2,681mm wheelbase seats five<br />
in absolute comfort and yields a generous rear<br />
legroom of 892mm while the large luggage<br />
capacity of 577 litres is made possible by the<br />
vehicle’s sophisticated Integral Link rear suspension<br />
architecture.<br />
New chassis hardware developed for the<br />
E-PACE maximises interior space while also<br />
providing the strong foundations for the vehicle’s<br />
impressive all-surface dynamic capabilities.<br />
The Integral Link rear suspension layout<br />
has allowed Jaguar’s engineers to deliver the<br />
responsiveness and agility required without<br />
compromising ride comfort.<br />
Under the bonnet, E-PACE of powerful and efficient<br />
Ingenium diesel engines. The 150PS from<br />
0-60mph in just 9.9 seconds (10.5 seconds for<br />
the 0-100km/h sprint) before reaching an electronically-limited<br />
top speed of 193km/h, the<br />
front-wheel drive, CO2 emissions of 160g/km.<br />
“The E-PACE provides the best of both worlds:<br />
Jaguar sports car dynamics with compact SUV<br />
practicality. The latest addition to our growing<br />
PACE family provides comfort, interior space<br />
and leading stowage solutions allied to engaging<br />
handling and Jaguar Land Rover’s latest<br />
Ingenium petrol and diesel engines.”<br />
Alan Volkaerts, Vehicle Line Director,<br />
Jaguar E-PACE<br />
The E-PACE’s Active Driveline all-wheel drive<br />
system is a technological first for Jaguar. The<br />
intelligent set-up combines phenomenal traction<br />
with Jaguar’s unmistakable rear-wheeldrive<br />
character. The system’s torque-biasing<br />
capability delivers optimal stability, dynamics<br />
and fuel efficiency in all conditions.<br />
Every E-PACE features the latest generation<br />
of Jaguar’s Touch Pro infotainment system.<br />
Natural voice control technology, a 10-inch<br />
touchscreen interface and a customisable<br />
home screen make interactions with the<br />
system quick, simple and highly intuitive.<br />
The strong chassis also allows owners to tow<br />
up to 1,800kg (braked), ideal for customers<br />
who use their E-PACE for both business and<br />
pleasure.<br />
be a boost to the Pound’s value in the medium<br />
term. Against the Thai Baht the Pound fell very<br />
slightly from 43.86 to 43.81<br />
The USD/JPY cross rate has also seen a very<br />
quiet time with Dollar stability underpinning the<br />
pair. The Yen did move from 106.01 to as high<br />
as 107.55 before dropping back to 105.96.<br />
Against the Thai Baht, the Yen’s movement<br />
was like a millpond starting the month at<br />
0.2945, rising to 0.2971 and then falling back<br />
again to exactly the same level.<br />
FOREIGN CURRENCY UPDATE<br />
The US Dollar rose slightly but there could be<br />
more to the modest move than meets the eye.<br />
On the one hand, expected interest rate rises<br />
are pushing the dollar higher, whilst on the<br />
other hand the recent trade tariffs imposed by<br />
the U.S. arguably sent the dollar lower. The net<br />
effect has been that these important news<br />
stories have cancelled each other out and so<br />
there was not much movement overall for the<br />
US Dollar. The DXY Dollar index, (an index<br />
that measures the US Dollar’s value against a<br />
number of other currencies), rose from a low of<br />
89.01 to hit 90.19. Against the Thai Baht, the<br />
Dollar moved from 31.28 to 31.22, a very modest<br />
move indeed.<br />
The British Pound dropped from a high of<br />
1.4028 against the Dollar to move as low as<br />
1.3728 before rebounding to 1.3934 and onto<br />
1.4150. The 1.38 to 1.42 range appears to be<br />
holding and with Dollar moves hard to find,<br />
volatility could continue to be low. The BOE has<br />
continued to signal that higher UK interest rates<br />
may be on the cards in the future, so there could<br />
The Russian Ruble has arguably been the<br />
only real mover with some weakening against<br />
the U.S. Dollar seen over the course of the last<br />
month. It moved from 56.20 to 57.52, an approximately<br />
two percent move. There seems<br />
little to explain the move given that the dollar<br />
has been so stable, however you would have<br />
to look towards local news surrounding the<br />
Ruble to find any reason for its isolated weakening.<br />
When compared to the Thai Baht, a<br />
similar move took place with the pair losing<br />
ground from 0.5560 to hit 0.5427, a loss of<br />
around two percent also.<br />
The Euro/USD rate moved in a choppy fashion<br />
during the last month from a high of 1.24<strong>18</strong><br />
to hit a low of 1.2<strong>18</strong>0 before recovering to<br />
1.2302. Given that the Euro forms the largest<br />
part of the basket of currencies that trades<br />
against the US Dollar it is unsurprising to see<br />
generally sideways movement. Against the<br />
Thai Baht, the Euro saw some modest weakening<br />
in line with its movement against the US<br />
Dollar, falling slightly from 38.89 to 38.41.<br />
High Tower Co., Ltd. Tel: 038 411 009<br />
For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT<br />
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2 Unit Guesthouse/Restaurant<br />
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(389 TW) The house also features a large basement<br />
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HOUSE FOR SALE<br />
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4 bedroom house for sale<br />
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Near to the beach and amenities.<br />
Only 8.5 MB<br />
Solution Finders : 094 329 9701<br />
Almost 17 Rai for sale next to the Phoenix Golf Course and Country Club valued<br />
between 5-6 mb per rai for similar land in the area and location, this 16 rai and<br />
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(Land in the area is averaging between 5 and 6 mb per rai)<br />
Contact Solution Finders : 094 329 9701<br />
Newly Built House<br />
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4 beds, 4 bathrooms, set on 2 plots with a<br />
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Features: State of the art kitchen.<br />
Parking for multiple vehicles - cars and bikes -<br />
in a unique design. An absolute must see!<br />
Was 13MB,<br />
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Almost 7 rai for sale<br />
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already divided into 19 plots with planning permission.<br />
3.5<br />
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in Hua Yai Pattaya<br />
Selling for ONLY 3.5 mb per rai with full planning<br />
permission for up to 19 homes approved.<br />
Solution Finders : 094 329 9701<br />
Was 20 mb. Now DOWN<br />
to ONLY 16 mb<br />
short-term payment plan available.<br />
Solution Finders : 094 329 9701<br />
Was 11 MB,<br />
NOW ONLY 8.5 MB<br />
El-Grande House for Sale<br />
Mediterranean style villa, 3 bed, 4 bath, garage,<br />
pool, full roof garden and many more features<br />
Solution Finders : 094 329 9701<br />
5MB<br />
Newly renovated and remodeled<br />
3 bedroom house for sale on quiet<br />
estate near to lake Mabprachan.<br />
Recently discounted from 7.8 MB<br />
Down to ONLY 5 MB<br />
for a quick sale.<br />
Solution Finders : 094 329 9701<br />
Email: ben.hightowerltd@gmail.com<br />
www.Thailand-Business-Supplement.com
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For all your advertising enquiries - Tel: 0846 77 43 60
DDPROPERTY’S PROPERTY PRICE<br />
INDEX SEEN TRENDING HIGHER<br />
According to leading online property<br />
portal, DDproperty, Bangkok’s<br />
property prices are expected to<br />
continue to grow, with a clear<br />
trend in place. DDproperty maintains<br />
a property price index, which<br />
is a good indicator of the health of<br />
the property market. The price index<br />
climbed three per cent in the<br />
last quarter of 2017 to 205.<br />
Ms. Kamolpat Swaengkit, country<br />
manager for DDproperty, a<br />
division of PropertyGuru Group,<br />
was quoted as saying, “Although<br />
the index grew at a slower pace<br />
in the last quarter of 2017, the<br />
3% (quarter-on-quarter) q-o-q increase<br />
maintained the positive<br />
momentum of Bangkok’s property<br />
market. This indicates that<br />
the Thai capital, and indeed, the<br />
whole country, have gradually recovered<br />
from the economic slowdown,<br />
while consumer purchasing<br />
power, especially in the upperand<br />
middle-end segments, has<br />
improved.”<br />
DDproperty’s property price index<br />
has grown more than 100 per cent<br />
since its inception in 2015. The<br />
condominium sector remains the<br />
strongest with the highest prices<br />
recorded on a price per square<br />
meter basis. Town houses were<br />
also strong showing seven per<br />
cent quarter-on-quarter growth<br />
and 14 per cent year-on-year<br />
growth.<br />
In terms of locations, Chat-u-Chak<br />
was the leader posting 5 per cent<br />
growth quarter-on-quarter with<br />
Bang Na in second place at 3 per<br />
cent. Bang Na prices have risen<br />
75 per cent in the last three years.<br />
Luxury properties with price points<br />
above 15 million baht increased<br />
more than other properties at lower<br />
price points, with 12 per cent<br />
year-on-year growth and 39 per<br />
cent growth over the last 2 years.<br />
Ms. Swaengkit was also quoted<br />
as saying, “Overall residential<br />
property prices are tentatively<br />
set to continue appreciating as<br />
progress on mega infrastructure<br />
projects continues. Meanwhile,<br />
the 20-year national strategy<br />
(from 2017-2036) is expected to<br />
stimulate residential development<br />
in Bangkok and other cities, especially<br />
those in the Eastern Economic<br />
Corridor.”<br />
DDproperty also maintains a<br />
supply index tracking property<br />
supply in the market. The index fell<br />
by seven per cent to 240 indicating<br />
that supply is tightening due to<br />
aggressive marketing on the part<br />
of condo developers. However,<br />
the supply index is expected to<br />
post a rise going forward.<br />
Ms. Swaengkit was further quoted<br />
as saying, “Supply will remain at<br />
high levels as many developers<br />
have several new projects in the<br />
pipeline for 20<strong>18</strong>, while take-up<br />
rates are still low. But we don’t<br />
think this will lead to an oversupply<br />
issue as developers are monitoring<br />
the situation and are ready to<br />
calibrate supply to maintain desired<br />
price levels.”<br />
She added, “Sellers will benefit<br />
from increasing prices in the current<br />
residential property market<br />
in Bangkok. The index has grown<br />
over 100% in less than three<br />
years. But buyers can also take<br />
advantage of low interest rates<br />
and competitive offers from sellers<br />
and developers, who are under<br />
pressure to reduce [the quantity<br />
of] remaining units and release<br />
new inventory into the market.”<br />
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Email: ben.hightowerltd@gmail.com<br />
www.Thailand-Business-Supplement.com
BUSINESS SUPPLEMENT<br />
SUDOKU<br />
These Sudoku puzzles are pitched at a middle level: not too easy,<br />
and not too frustratingly hard, for the average person.<br />
We will publish the solutions in next month’s issue.<br />
Last months sudoku answers<br />
ACROSS<br />
CROSSWORD<br />
2/ Article of clothing (7)<br />
5/ Earth’s satellite (4)<br />
6/ Performs (4)<br />
9/ Beer (3)<br />
10/ Fourth letter of Greek Alphabet (5)<br />
11/ Asked (9)<br />
12/ Special Operations Executive, init. (3)<br />
13/ Artists Tripod (5)<br />
1<br />
2<br />
3<br />
DOWN<br />
1/ Pacific Island country (5)<br />
2/ Monstrous (9)<br />
3/ Reader’s Digest, init (2)<br />
4/ Intensifies (9)<br />
7/ Disgraceful Event (7)<br />
8/ Stick (6)<br />
4<br />
TRIVIA Quiz<br />
1. What was the name of the ill-fated dog launched inside<br />
the Sputnik 2 spacecraft in 1957?<br />
2. Luck Be A Lady is a song featured in which musical?<br />
3. In which year were premium bonds first issued in the<br />
United Kingdom?<br />
4. Name the actor who starred in the TV series The<br />
Rockford Files and the movie The Great Escape and<br />
who died in 2014?<br />
5. Who is the current king of Spain?<br />
5<br />
6<br />
7<br />
6. An Indian and a Pakistani national jointly shared the<br />
2014 Nobel Peace Prize. The Indian was Kailash<br />
Satyarthi. Who was the Pakistani?<br />
7. On what island would you find the world’s largest lizard?<br />
8<br />
8. Which Canadian novelist won the 2013 Nobel Prize for<br />
Literature?<br />
9<br />
10<br />
9. Who was the keyboard player in the iconic band<br />
The Doors, and who died in 2013?<br />
10. What number is a Hurricane on the Beaufort Scale?<br />
11<br />
Answers<br />
1. Laika 2. Guys And Dolls 3. 1956 4. James Garner 5. Felipe VI 6. Malala (Yousafzai)<br />
7. Komodo, Indonesia 8. Alice Munro 9. Ray Manzarek 10. 12<br />
12<br />
13<br />
CROSSWORD ANSWERS<br />
ACROSS 2/ Garment 5/ Moon 6/ Acts 9/ Ale 10/ Delta 11/ Requested 12/ SOE 13/ Easel<br />
DOWN 1/ Samoa 2/ Grotesque 3/ RD 4/ Escalates 7/ Scandal 8/ Adhere<br />
For information on the BANGKOK BUSINESS SUPPLEMENT Contact High Tower Co., Ltd. Tel: 089 249 2778<br />
*The Bangkok Business Supplement is published by High Tower Co., Ltd.
BUSINESS SUPPLEMENT<br />
#ONE BANGKOK, THAILAND’S FIRST FULLY<br />
INTEGRATED DISTRICT, BEGINS CONSTRUCTION<br />
TCC Assets Company Limited and Frasers<br />
Property Limited recently celebrated the start<br />
of construction of One Bangkok with a groundbreaking<br />
ceremony, marking the first major<br />
milestone for Thailand’s largest integrated district.<br />
The project has received Environmental Impact<br />
Assessment (EIA) approval, enabling the THB<br />
120 billion (US$3.5 billion) development to<br />
begin. Mr. Charoen Sirivadhanabhakdi, Chairman<br />
of TCC Group and Frasers Property, and<br />
Dr. Chirayu Isarangkun Na Ayuthaya, Director<br />
General of the Crown Property Bureau, presided<br />
over the ceremony, joined by Directors, Senior<br />
Executives and key stakeholders.<br />
Speaking at the ceremony, Mr. Panote Sirivadhanabhakdi,<br />
Group CEO of Frasers Property<br />
said, “Today is groundbreaking in every sense;<br />
as we commence construction on One Bangkok,<br />
we also begin an exciting new chapter in Thailand’s<br />
development. Our ambition is to transform<br />
the Bangkok city centre, creating a world-class<br />
district capable of attracting top-level multinational<br />
companies and a must-visit lifestyle<br />
destination for tourists and locals. This will<br />
enhance global confidence in Thailand as<br />
the epicentre of ASEAN, and a key gateway<br />
to Asia. As a group, we are honoured to have<br />
been entrusted by the Crown Property Bureau<br />
to turn this important plot of land into a landmark<br />
development, and we are committed to<br />
ensuring that One Bangkok will be exceptional<br />
not only for its scale, but also for its significance<br />
to Bangkok and Thailand.”<br />
Ms. Su Lin Soon, CEO-Development of One<br />
Bangkok commented, “From the start, our focus<br />
is ensuring that this development is shaped with<br />
utmost care for the city, the environment and<br />
people. Thus, One Bangkok has the core principles<br />
of being people-centric, embracing green<br />
sustainability and with smart-city-living firmly<br />
in mind. It is the first development in Thailand<br />
to target LEED* Neighborhood Development<br />
Platinum certification. Shaped by a multidisciplinary<br />
team of international and local consultants,<br />
engineers and sustainability experts, we<br />
are aiming to foster a strong sense of community<br />
and to promote well-being in an urban environment,<br />
capturing the energy and vitality of<br />
Bangkok’s streets interspersed with green open<br />
spaces to encourage walkability. Accessible<br />
and inclusive for all, One Bangkok will revolutionise<br />
the way people can seamlessly live, work,<br />
and play within a single fully-integrated district.”<br />
“Our masterplan has already been recognised,<br />
winning the Best Futura Project award at MIP-<br />
IM Asia Summit, the region’s leading real estate<br />
conference held in Hong Kong in November<br />
2017,” she added.<br />
The joint venture between TCC Assets and Frasers<br />
Property will cover 104-rai (16.7 hectares)<br />
in prime central Bangkok. Located at the corner<br />
of Wireless Road and Rama IV Road, adjacent<br />
to Lumphini Park, it will feature unsurpassed<br />
accessibility through direct connections to the<br />
city’s mass transit systems and easy access to<br />
the expressway network. With a total gross floor<br />
area (GFA) of 1.83 million sq.m., One Bangkok<br />
is the largest private sector property development<br />
initiative ever undertaken in Thailand,<br />
comprising five premium Grade A office towers<br />
built to LEED* and WELL** standards; five<br />
luxury and lifestyle hotels; three ultra-luxury<br />
residential towers; four distinctive retail zones;<br />
and a cultural hub and performance centre.<br />
Additionally, 50 rai (eight hectares) will create<br />
green areas and open spaces, including<br />
40-metre wide landscaped green promenade<br />
along both Wireless Road and Rama IV Road,<br />
as well as a 10,000 square metre landscaped<br />
civic plaza at the heart of the district, forming a<br />
new urban centre for social life.<br />
Construction for One Bangkok has now commenced<br />
with the first components opening in<br />
2022.<br />
• LEED: Leadership in Energy and Environmental<br />
Design (LEED) is a rating system<br />
devised by the United States Green Building<br />
Council (USGBC) to evaluate the environmental<br />
performance of a building and encourage market<br />
transformation towards sustainable design.<br />
• WELL: WELL Building Standard is the premier<br />
standard for buildings, interior spaces<br />
and communities seeking to implement, validate<br />
and measure features that support and advance<br />
human health and wellness, devised by<br />
buildings from the International WELL Building<br />
Institute based in Washington D.C.<br />
“The Lion Air Group is the perfect example of<br />
how the 737 MAX family provides a common<br />
fleet solution across the single-aisle spectrum,”<br />
said Boeing Commercial Airplanes president<br />
and CEO Kevin McAllister. “Not only will Lion<br />
Air Group benefit from the MAX’s range and<br />
capacity, they will enjoy the best economics<br />
and reliability in the industry.”<br />
The 737 MAX 9 is designed for a capacity of<br />
up to 220 passengers and a maximum range<br />
of 3,550 nautical miles. With three additional<br />
seat rows compared to the 737 MAX 8, this<br />
airplane provides operators added capacity<br />
while maximizing profitability within their network.<br />
BOEING DELIVERS FIRST 737 MAX 9<br />
Boeing [NYSE: BA] and the Lion Air Group<br />
celebrated the very first 737 MAX 9 to be<br />
delivered. The airplane will go into service with<br />
Thai Lion Air, where its added capacity will help<br />
the airline launch several international routes.<br />
“The 737 MAX 9 is a perfect fit for our growing<br />
business in Thailand,” said Capt. Darsito<br />
Hendro Seputro, CEO and Chairman of Thai<br />
Lion Air. “The 737 has been the backbone of<br />
our business since we began and we will use<br />
Email: ben.hightowerltd@gmail.com<br />
the added capacity the airplane provides to<br />
expand our network and start additional routes<br />
to Bangladesh, China and India.”<br />
The Lion Air Group is the launch customer for<br />
the MAX 9. They were also the first operator<br />
to put the MAX 8 into service, and have announced<br />
a commitment for 50 MAX 10s. The<br />
Group also has an additional 200 737 MAXs on<br />
order and is one of the world’s largest operators<br />
of the 737.<br />
The 737 MAX family is designed to offer<br />
customers exceptional performance, with<br />
lower per-seat costs and an extended range<br />
that is opening up new destinations in the<br />
single-aisle market. The 737 MAX incorporates<br />
the latest CFM International LEAP-1B<br />
engines, Advanced Technology winglets,<br />
Boeing Sky Interior, large flight deck displays<br />
and other features to deliver the highest efficiency,<br />
reliability and passenger comfort in the<br />
single-aisle market.<br />
The 737 MAX is the fastest-selling airplane<br />
in Boeing history, accumulating more than<br />
4,300 orders from 95 customers worldwide.<br />
For more information and feature content, visit<br />
www.boeing.com/commercial/737max.<br />
www.Thailand-Business-Supplement.com
CONDO<br />
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WATERFORD PARK, RAMA 4 - SOI POOMJIT<br />
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