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Living & Working in Bangkok
www.pwc.com/th Living & Working in Bangkok PwC guide for expatriates 4th edition Welcome to Thailand and welcome to the fourth edition of PwC’s guide for expatriates, Living & Working in Bangkok. We’ve been advising on international assignments to Thailand for almost four decades. During this time we’ve helped with visas, work permits, tax, legal, human resources and employment issues for hundreds of clients from all over the world. Naturally, we’ve become involved in helping our clients with other needs such as accommodation suggestions, cultural orientation, international schooling recommendations and even advice on reputable tailors! The contents of this guide have been drawn together from the experiences of our expatriate clients and staff over the years and we hope we’ve compiled a useful reference book for expatriates and their families who have recently arrived in Bangkok. Since the publication of our last edition in 2006, many things have changed in Bangkok and there are even more tips and points that we’re proud to share with you. So welcome to Thailand. And we hope that you and your family will enjoy the challenge of living and working in this fascinating city. Enjoy your stay! Prapasiri Kositthanakorn Partner Contents I. General facts about Thailand • Geography and climate 2 • Time 3 • Brief history 3 • Population 4 • Religion 4 • Government and administration 5 • Thai Flag 5 • Thai Language 6 • Currency 9 • Weight and measurement 9 • Electricity supply 9 • Water 9 • Calendar (Public holidays) 10 • Business hours 10 • Living costs 11 II. Thai way of life • Common customs and mannerisms 14 • Superstitions 16 • Some Thai laws to be aware of 19 • Further reading 20 III. -
1 AR CPN EN 2014 4C P1-72.Indd
AANNUALNNUAL RREPORTEPORT 22014014 TOGETHER WE ARE ONE CONTENTS 012 016 020 022 023 026 CONSOLIDATED MESSAGE FROM REPORT OF THE REPORT OF THE REPORT OF THE REPORT OF THE OPERATIONAL & THE BOARD AUDIT NOMINATION AND RISK POLICY CORPORATE FINANCIAL OF DIRECTORS COMMITTEE REMUNERATION COMMITTEE GOVERNANCE HIGHLIGHTS COMMITTEE AND SUSTAINABLE DEVELOPMENT COMMITTEE 054 062 064 065 068 073 FUTURE VISION & CORPORATE SUSTAINABILITY BUSINESS PERFORMANCES PROJECTS MISSIONS VALUES MANAGEMENT STRATEGIES ECONOMIC DIMENSION 114 132 135 138 148 149 CORPORATE NOMINATION OF REMUNERATION CONNECTED GROUP REVENUE GOVERNANCE DIRECTORS AND OF THE TRANSACTIONS STRUCTURE STRUCTURE OF MANAGEMENT DIRECTORS AND OF COMPANY COMPANY AND MANAGEMENT AND ITS ITS SUBSIDIARIES SUBSIDIARIES 263 268 269 272 273 276 GENERAL LIST OF EXISTING REFERENCE INFORMATION GRI INDEX INFORMATION OF COMMITTEE IN PROJECTS FIRMS FOR INVESTORS BUSINESS HELD SUBSIDIARIES MANAGED BY CPN BY CPN 10% UPWARD 028 030 034 040 043 047 BOARD OF 2014 YEAR IN AWARDS OF ECONOMIC NATURE OF ASSET UNDER DIRECTORS AND BRIEF GREAT PRIDE AND RETAIL BUSINESS CPN’S MANAGEMENT IN 2014 INDUSTRY MANAGEMENT TEAM OVERVIEW IN 2014 073 079 084 097 100 102 FINANCIAL ENVIRONMENTAL SOCIAL RISK FACTORS ORGANIZATION MANAGEMENT PERFORMANCE DIMENSION DIMENSION CHART STRUCTURE REVIEW 151 160 161 162 246 247 CAPITAL RESPONSIBILITY FINANCIAL INDEPENDENT AUDIT’S FEE MANAGEMENT STRUCTURE OF THE BOARD STATEMENTS & AUDITOR’S BIOGRAPHY OF DIRECTORS TO NOTES TO THE REPORT THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS TOGETHER WE ARE ONE MOST ADMIRED DYNAMIC REGIONAL WORLD-CLASS TO BE THE MOST RETAIL RETAIL RETAIL REWARDING ADMIRED AND DEVELOPER DEVELOPER DEVELOPER EXPERIENCE DYNAMIC REGIONAL OF ALL RETAIL PROPERTY STAKEHOLDERS DEVELOPER WITH WORLD-CLASS REWARDING EXPERIENCE The word “ONE” conveys competency with immense power in itself. -
Central Pattana (CPN TB) Buy (Maintained) Consumer Cyclical - Leisure & Entertainment Target Price: THB57.40 Market Cap: USD5,784M Price: THB43.30
Results Review, 21 May 2015 Central Pattana (CPN TB) Buy (Maintained) Consumer Cyclical - Leisure & Entertainment Target Price: THB57.40 Market Cap: USD5,784m Price: THB43.30 Macro Risks 2 Strong And Steady Wins The Race Growth . 2 0 Value . 03 0 . 03 0 1Q15 results are at 24% of our FY15 forecast, in line. Reiterate BUY . Central Pattana (CPN TB) 0 Price Close Relative to Stock Exchange of Thailand Index (RHS) with a DCF-derived TP of THB57.40 (33% upside). 1Q15 core PATMI 0 51 111 grew 22% YoY to THB2.0bn on 9% revenue growth and a 3.4ppts rise 0 in operating margin. We continue to expect 6% same-store rental 49 106 growth for FY15, partly driven by new initiatives to increase revenue from on-site media and maximise common area utilisation for 47 101 conventions and pop-up stores. 45 96 Total revenue up 9% YoY to THB5.8bn. The increase was led by 43 91 contribution from two new malls opened in 3Q14. Same-store rental also grew healthily at 6.5% YoY in the absence of discounts given to 41 86 CentralWorld (CTW) in 1Q14 as a result of a political protest that affected tenants’ sales. Occupancy rate dipped slightly to 94% due to 39 81 18 the current renovation works at CentralPlaza Pinklao. We expect 16 14 positive returns on this asset enhancement initiative which is slated to 12 10 be completed in 4Q15. 8 6 Good cost control results in higher-than expected margins. Gross 4 2 margin increased 1.9ppts to 50.3% while EBIT margins rose 3.4ppts to Volm 43.3%. -
Central Pattana Plc. Property Development and Investment
Central Pattana Plc. Property Development and Investment Manahakorn of Isan - The Largest Mixed-Use Project of Isan Corporate Presentation 3Q17 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 24 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower 1 centralmarina • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 32 1.7 mn sqm 1 Rank 21% Shopping Malls NLA Retail Developer Market Share in BKK 4 consecutive years As of November 2017 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 27% Local funds 21% Free float Foreign 53% 47% funds 71% Individuals Central 8% Group 26% Source: TSD as of 30 September 2017 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract -
Seacon Bangkae
Perfect Vision Multimedia Your partner for the world of Information ...a story that move us... The Third wave An Information Revolution 2000-2100 Within a few decades, society rearranges itself - its world view; its basic values; its social and political structures; its arts; its key institutions. Fifty years later, there is a new world. and the people born then cannot even imagine the world in which their grandparents lived and into which their own parent were born. We are currently living through just such a transformation.” (Drucker, 1993) The Third wave An Information Revolution “Same as we now cannot imagine living without2000-2100 Electricity. Soon we won’t be able to imagine living without Information” ...so how has information technology changed our common senses?... Power of Connectivity Information technology grants us a godlike power of timeless and distance-less connectivity. We can touch almost anyone on this planet within a flick of time. With no extra effort than a click. Verb to “Search” “Search” has become our fundamental action of life, on par with “eat” or “sleep”. No matter what kind of information nowadays, it has to be searchable. Listen to the crowd No one cares about catchy slogan anymore, they simply go and ask other people what they think. How? Simply ask their friends on Facebook or just Twit it! Customize and Personalize Abundance and choices of products has driven products to become more customized for each market. In addition, information technology has enabled products and services to become more personalized for each and every customers. (Sheldon, 1994) Ignore, Ignore and Ignore! When there are too much things to see, too many advertising to read, the easiest escape is just to “Ignore it”. -
Minutes 2016 Annual General Meeting of Shareholders Central Pattana Public Company Limited
- Translation - Minutes 2016 Annual General Meeting of Shareholders Central Pattana Public Company Limited *************************************** The Annual General Meeting of Shareholders (AGM) took place at 2.00 p.m. on Thursday, April 21, 2016, at World Ballroom, 23rd floor, at Centara Grand & Bangkok Convention Center at CentralWorld, 999/99 Rama 1 Road, Patumwan, Bangkok. The meeting was registered with a barcode system and recorded for publicity at the www.cpn.co.th website. Before the meeting began, the master of ceremony introduced the Board of Directors, executives, the external auditor, and observer assigned to verify ballot counts as follows: Directors present at the Meeting: 1. Mr. Suthichai Chirathivat (Chairman) 2. Mr. Paitoon Taveebhol (Independent Director, Chairman of the Audit Committee, and Chairman of the Risk Policy Committee) 3. Mr. Karun Kittisataporn (Independent Director, Chairman of the Nomination and Remuneration Committee, and Member of the Audit Committee) 4. Mrs. Jotika Savanananda (Independent Director, Member of the Audit Committee, and Member of the Nomination and Remuneration Committee) 5. Mr. Suthikiati Chirathivat (Director) 6. Mr. Sudhisak Chirathivat (Director and Adviser of the Nomination and Remuneration Committee) 7. Mr. Kobchai Chirathivat (Director and Member of the Risk Policy Committee) 8. Mr. Preecha Ekkunagul (Director, Member of the Risk Policy Committee, President and Chief Executive Officer) Directors absent at the Meeting: 1. Mrs. Sunandha Tulayadhan (Independent Director, Member of the Audit Committee, and Member of the Nomination and Remuneration Committee) 2. Mr. Suthichart Chirathivat (Director) 3. Mr. Sudhitham Chirathivat (Director and Adviser of the Nomination and Remuneration Committee) 4. Mr. Prin Chirathivat (Director, Member of the Risk Policy Committee, and Adviser of the Nomination and Remuneration Committee) 1 - Translation - Executives present at the Meeting: 1. -
Central Pattana Public Company Limited Major Events
Document Quick Link Central Pattana Public Company Limited Major Events Management’s Discussion and Analysis (MD&A) Performance Consolidated Financial Results: 1Q18 Business Plan Executive Summary In 1Q18, the Thai economy continues to expand, primarily driven by a number of supporting factors, namely 1) growth in exports with a record high in March 2018. 2) Growth in the tourism sector characterized by an increase in foreign inbound tourists, especially from China due to more available direct flights to Thailand and Europe due to the Easter holidays at the end of the period. 3) Gradual expansion of private consumption as consumer confidence continues to improve and 4) Other supporting factors, namely public and private investments and proposed stimulus schemes, such as increase in minimum wages, local SME projects and agricultural business reform, to support the low-income group. Overall, the Thai economy is on course for a steady year of growth, according to the Bank of Thailand, with its GDP growth in 2018 at 4.1%, a slight increment from that of 2017 at 3.9%. Growth in both revenue The performance of Central Pattana Public Company Limited (“The Company” or and net profit “CPN”) in 1Q18 shows a net profit of THB 2,822 mn, an increase of 1.7% from the demonstrates the same period in the previous year (YoY), whilst total revenues stood at THB 8,223 effectiveness of retail mn, an increase of 6.5% YoY. The result demonstrates the growth resiliency of properties and cost CPN’s operating results despite the impact on its revenue from rent and services management from the major renovation at CentralWorld, the transfer of CentralFestival Pattaya Beach to CPN Retail Growth Leasehold REIT (“CPNREIT”) in December 2017, and the increase in utility cost due to the increase in electricity Ft rate since May 2017. -
Stay and Play, Your Way Welcome to Avani Sukhumvit Bangkok Hotel
Stay and play, your way Avani Room Welcome to Avani Sukhumvit Bangkok Hotel CONVENIENCE AND STYLE A TRENDING NEIGHBOURHOOD The new-build Avani Sukhumvit Bangkok Hotel features Simultaneously buzzing and yet leisurely and laidback, Avani 8 rooms in signature Avani style – contemporary, sunlit, and Sukhumvit’s prime location combines main Sukhumvit Road showcasing wow views of Bangkok’s soaring skyline. living with indie neighbourhood exploration. Located in new lifestyle complex Century the Movie Plaza , wine and dine to Swim and chill above the cityscape. Hide away in the sanctuary your heart’s content. Zip to a meeting in the CBD, making full AvaniSpa. Explore the capital by BTS or discover up-and-coming use of the hotel’s direct BTS connection. Wander to the nearby On Nut’s many cafes, art galleries and street eats. W District for food truck tacos, live music, street art and local craft beers. Comfort and convenience in your city-centre spot. Gaze out at the city skyline from your Exterior stylish sanctuary. Decked out in cooling tones of charcoal, wood and gold, all rooms are spacious and sunlit with ergonomic furnishings and high-tech entertainment to keep you comfy. Guestroom Features Lobby • Enjoy panoramic city views • King or twin beds • Separate shower and bathtub in larger rooms / Walk-in shower • Complimentary tea and coffee making facilities • IDD dial phone • Bathrobe and slippers • Hairdryer • Universal power sockets • V / V electrical points Avani Deluxe Room • Electronic door - locking system • Personal safe • USB plugins-bedside -
Central Pattana Plc. Property Development and Investment
Central Pattana Plc. Property Development and Investment CentralPlaza Marina Pattaya Re-launch on 19 December 2016 Corporate Presentation: 3Q16 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 23 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 30 1.6 mn sqm 93% 1 Rank 16% Shopping Malls NLA Occ. Rate Retail Developer 9M16 Rev. Growth 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 26% Local funds 19% Free float Foreign 53% 47% funds 73% Individuals Central 8% Group 27% Source: TSD as of 30 September 2016. 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract dynamic tenants, increase people traffic and -
CPN Retail Growth Property Fund Annual Report 2006 TMB Asset Management Co., Ltd
TMB Asset Management co., Ltd. Annual Report2006 CPN RetailGrowthProperty Fund to December31, 2006 From January1,2006 TMB Asset Management Co., Ltd. 32nd Fl. Abdulrahim Place 990 Rama lv Rd., Silom, Bangrak Bangkok 10500, Thailand Tel +66 (0) 2636-1800 Fax +66 (0) 2636-1820 Content Letter to unitholders ...................................................................................................................2 Analysis of TMB Asset Management Co.,Ltd ......................................................................3 Property details of CPN Retail Growth Property Fund ...................................................5 Lease details during January1 ,2006 until December 31, 2006..........................................6 Details of the selling or transfer of leasehold of the property .........................................6 Report on Retail business industry in 2006 and Fundùs Performance ............................6 Detail of investment separate by categories..........................................................................9 Expenses collected from the Fund ........................................................................................11 Mutual Fund Supervisor Report............................................................................................12 Auditorùs Report of Certified Public Account. ...................................................................14 Financial statement....................................................................................................................15 -
Handbook for International Students
Handbook For Internatonal Students Natonal Insttute of Development Administraton (NIDA) Welcome Letter. Dear Internatonal Students and Scholars, Welcome to Natonal Insttute of Development Administraton (NIDA). You are about to begin a journey into your future. At NIDA we understand there are many unknowns ahead. Therefore, we are here to guide, assist and help you discover your path together with our warm support throughout your journey. NIDA ofers a quality and intellectually rigorous educatonal experience. I am more than certain that the experience you will receive from NIDA will exceed your expectaton. NIDA provides many programs and actvites (academic and non- academic) that help you grow as a true leader and gain crucial skills for today’s job market. We help prepare you for greatness. More importantly, we are aware that many students concern and worry about being on their own in this country, that is why we (both faculty members and staf) care about each one of you and will show our support and assist you in any ways that we can to make you feel like “Home” “We are part of you and you are a big part of us”, that is why the Ofce of Internatonal Afairs (OIA) at NIDA stands ready to be your second home with a warm hospitality and help you throughout out your new journey. Our goal is to see you successfully achieve your academic and personal goals. This handbook was designed and created with a lot of atenton and care. We hope that it can be your guide to the life in campus and surrounding areas. -
Central Pattana Plc. Property Development and Investment
Central Pattana Plc. Property Development and Investment CentralPlaza Nakhon Si Thammarat Corporate Presentation: 1Q16 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance Flagship business of the Central Group (Chirathivat Family) 29 1.6 mn sqm 93% 21% 15% Shopping Malls NLA Occ. Rate Market Share 5-yr top line growth Malls Other related business Residential Commercial Hotel 15 New Projects (2016-2020): 12 domestic malls and 3 overseas malls (i-City and 2 new malls) 1 Residence 7 Office Buildings 2 Hotels 1 Central City Residence @ Bangna • Lardprao Renovation projects: 21 • Pinklao Tower A 2016: Project 2016-2020 • Pinklao Tower B 6 BNA, RM3, PTC, and PKT • Bangna • CentralWorld Tower centralcenter 2017-2020: 1 • Chaengwattana CMA, CTW, CWN, and RM2 Announced: 3 Condominiums • Rama9 New Retail format and paid attraction Target: 3 Condominiums/Yr 3 Growth 5-yr target: revenue growth of 15%CAGR Overall NLA to increase by 20% between 2015 and 2018F Retail NLA and occupancy rates SQMmn % 97 98 96 96 97 2.0 95 96 96 94 94 94 94 100 1.8 90 1.6 80 36 1.4 70 33 1.2 60 30 1.0 29 50 0.8 25 40 23 0.6 20 30 18 15 0.4 15 20 10 11 0.2 projects 10 - - Existing New Unannounced RS: Occupancy rate Source: Company estimate as at 31 March 2016. Retail space: Includes leasable area of CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao, and CentralPlaza Chiangmai Airport, which were 4 partially transferred to CPNRF, but still under CPN’s management.