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Thailand Country Report

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Thailand Country Report
Cargo ships in Bangkok load containers with a range of telecommunications equipment, vegetables and fruits, plastic items and other raw materials destined for the mainland via Hong Kong. Photo: Reuters

Renewed commitment

Thailand and Hong Kong's trade and commerce relationship goes back centuries, and trade between the two is evolving, according to a Thai consulate spokesman. Given its small domestic market, Thailand is dependent on exports, which make up about two-thirds of its gross domestic product.

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From surgery to service, there's something for every tourist

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Raimon Land's luxury properties raise bar in design and quality

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SCBS unlocks Thai wealth to global capital market

With parent Siam Commercial Bank (SCB), SCB Securities (SCBS) has unlocked vast potential in the Thai capital market by making equities trading convenient and accessible through digital channels. The firm has doubled its trading volume from online transactions of high-net-worth individuals and institutional investors in this year's first half alone. The astounding market response signals the growing appetite for equities, which SCBS promptly serviced through a regional trading platform launched in July and will be enhanced by a global trading platform estimated to go live later this year.

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Thongmakut Thongyai, CEO
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SCB Asset Management promotes diversified investments in its portfolio

While continuing to build up its portfolio of fixed-income funds, Thailand's SCB Asset Management (SCBAM) has ventured into offering equity and foreign investment funds.

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SAT speeds up growth through vehicle parts exports, partnerships

Vehicle makers are increasingly using Thailand as a manufacturing hub, bringing credence to the label, "Detroit of the East". Somboon Advance Technology (SAT), a Thai pioneer, is well-positioned to benefit from the flourishing automotive industry, which is backed by a rising middle class and the government's car buyer programme that offers tax rebates to first-time buyers.

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Asian foothold and local expertise give UOB (Thai) a regional edge

Global in scope yet replete with local knowledge, United Overseas Bank (Thai) possesses the best qualities of the international and domestic banking worlds. A subsidiary of United Overseas Bank (UOB), UOB (Thai) has leveraged its parent's pan-regional network and strong foothold in Southeast Asia to operate as a fully fledged local bank with offshore banking services. This "hybrid" quality sets UOB (Thai) apart from other institutions in the country.

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Peter Foo, president and CEO
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One-stop advisory unit to unlock Asia's potential

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President drives bank to meet highest standards of business practice

Guided by the principle that a bank should be a custodian business imbued with social responsibility, Peter Foo, the president and CEO of United Overseas Bank (Thai), has set himself apart as a banker. With a constant drive to do the right things in the right way, Foo believes that all aspects of banking, including ingenuity and innovation in finance, should be governed by the highest standards of business practice.

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Innovative, pioneering funds propel KTAM's regional growth

Thai investors aiming to diversify abroad and foreign financial institutions looking to the Thai market find a bridge in Krung Thai Asset Management (KTAM). Managing US$15.5 billion in assets, KTAM is the country's third-largest asset management company in terms of market share - and No 1 when it comes to achieving relatively high growth rates in the past few years.

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Somchai Boonnamsiri, CEO
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Trust and technology draw investors to Country Group Securities

As Thailand prepares to boost trade with fellow emerging markets under the Asean Economic Community by 2015, Country Group Securities (CGS) -Thailand's No 2 brokerage firm - is set to become the region's investment gateway with its full range of financial advisory services.

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Dr Prasit Srisuwan, CEO and president
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Quality protective apparel boosts family company worldwide

When providing protection to the world's hospitals, only the highest quality will do. Family-owned company Thai Hospital Products (THP) is taking its complete range of disposable protective apparel deeper into the region, after almost 20 years of producing face masks, surgical caps and gowns for global markets.

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Movenpick extends upscale hotel experience to Asia

International upscale Swiss hotel management company Movenpick Hotels & Resorts welcomes hotel owners and developers as it embarks on its most aggressive expansion yet across Asia, especially China.

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Bangkok Bank in pursuit of growth and opportunities beyond national borders

Growing alongside its customers and the nation, Bangkok Bank has been an integral part of Thailand's economy for almost 70 years. Thailand's biggest bank is increasingly making its mark beyond its national borders, taking advantage of the burgeoning opportunities offered by accelerating regional integration, with a major focus on the mainland and Hong Kong.

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Chartsiri Sophonpanich, president
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Better World Green ventures into waste-to-energy projects

One man's dream has kept Thailand clean and green. Suwat Luengviriya realised his lifelong wish for a better world and greener environment when he founded Better World Green (BWG) 16 years ago. The company introduced the concept of sustainable industrial waste management in Thailand, which earned it a gold medal from the Department of Industrial Works. Through the years, BWG has grown to become the country's only provider of integrated industrial waste management, covering the whole value chain from counselling and waste analysis to transport and disposal.

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Suwat Luengviriya, president and CEO
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LVT boosts cement capacity of several countries

More than 30 years of engineering experience in 84 countries enables LV Technology (LVT) to drive entire national cement industries. Working at a proficiency level reached by only nine other companies in the world, LVT modifies a cement plant's existing equipment to enhance operational efficiency and maximise production.

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Ritta, TGE introduce fresh green building designs

The three-storey building at 300 Romklao Road in Bangkok is anything but ordinary. The headquarters of Thailand's leading design and build company Ritta, it is the country's first green building certified gold under the Leadership in Energy and Environmental Design (LEED) rating system for new construction. Double glass walls allow natural air cooling, while an automatic irrigation system based on soil moisture data cuts landscape water use by half. Designed by wholly owned subsidiary Thai Global Energy (TGE), the project marks Ritta's success in the green building field.

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TISCOASSET opens foreign investment opportunities

Highly professional company TISCO Asset Management (TISCOASSET) has more than 20 years of experience in fund management. While its competitors focus on fixed-income products, TISCOASSET fills the gap in client demands by specialising in high-risk areas, penetrating niche market segments to differentiate itself from other asset management firms.

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Araya Thirakomen, president
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Diamond sustains growth with innovative building solutions

From selecting raw supplies to creating top-calibre construction materials, Diamond Building Products adheres to strict quality management every step of the way, providing quick delivery and excellent after-sales services for total customer satisfaction.

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Community driven research brings global distinction to university

Fulfilling its mandate to uplift Isan, Thailand's northeastern region and the nation's poorest, has led Khon Kaen University (KKU) to groundbreaking research in agriculture, tropical diseases and basic education - all sources of global distinction for the northeastern region's largest university. Approaching its 50th anniversary, KKU is emerging as the educational centre of the Greater Mekong Subregion (GMS) and positioned strongly for Asean's economic integration.

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MFEC gears up for next decade with strategic growth plans

Asian countries are abuzz with preparations to meet the 2015 economic integration deadline of the Asean Economic Community (AEC). Thailand, in particular, has established a comprehensive platform to lay the groundwork for regional co-operation. MFEC, one of the largest information technology (IT) service providers in Thailand, is among the most active players armed with a comprehensive portfolio to capture upcoming growth opportunities in the region.

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Siriwat Vongjarukorn, president and CEO
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Sriracha Construction sparks renewed vigour in mechanical field

Mechanical construction is the heart and soul of any plant. Embodying this philosophy has catapulted Sriracha Construction, once a small home-grown contractor, to one of Thailand's leading builders.

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Boonkrua Khemapiratana, managing director
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Built-to-suit specialist shares success with strategic partners

Addressing the specific requirements of businesses entering Thailand and the Asean, WHA Corporation delivers its expertise in built-to-suit projects.

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Solartron advances home-grown solar power technology

Advanced battery charging technology has the potential to take solar energy to widespread use among homes and electric vehicles throughout Southeast Asia. Solartron, which is vigorously expanding solar power generation in Thailand, plans to spread its advanced technology by taking advantage of regional integration in Asean by 2015.

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SALA offers intimate and luxurious accommodations

Sala, a Thai word that means a place of rest, is in essence what SALA Hospitality Group provides to anyone who sets foot in its intimate and luxurious accommodations located in some of Thailand's most popular travel destinations. The home-grown hospitality firm has established an independent chain of hotels known for its pool villas and suites operating under the trademarks SALA Resorts & Spas and sala boutique. Barely a decade old, SALA has become a trusted brand offering first-class yet affordable guest services.

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Anthony van Sleeuwen, cluster general manager
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Ocean Glass enters luxury high ground with Lucaris

Creating a presence in the premium luxury segment of the glassware industry is no small feat. With a strategy anchored on quality, innovation and operational excellence, Ocean Glass is ready to take on long-standing European brands with its luxury crystal stemware, Lucaris.

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Sunsanee Supatravanij, managing director
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Multibax's biobags provide sustainable packaging solutions

Plastic bags are indispensable for processing, storing, transporting and disposing of a variety of goods. Taking an active stance to source out alternatives to conventional plastics and promote Thailand as a bioplastic hub, Multibax manufactures cost-efficient biodegradable products using local plant-based resources.

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SEATEC Group expands reach into emerging Asean economies

As one of the first engineering consulting companies in Thailand, SEATEC, along with its affiliates, has been working with the Thai government, private companies and international institutions since its foundation in 1969.

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