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MAY 2012
DO YOU HAVE ENOUGH COVER?
WHAT’S INSIDE NEWS IN BRIEF
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INTERVIEW
John Doe from Acme Insurance speaks exclusively to DD&C about all things insurance! Go to page 4
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BUSINESS DIRECTORY
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Understated Luxury
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WELCOME FROM THE EDITOR Ovigil hor lostrituitra L. Pat, curo iam pris manteris vere ma, cio, norenerit, Ti. Vaste fauctum et, diem, spim medem sulinatur, C. C. Habem intiacto adhuiu intemed nossa confitempro hacivitio, qua addum simportis intesenat. Hostili cavoltiam hos nius erum te, Cati istilic temus, quam estus bonscer opordii etrei patquem plica; noreconc tervidic in deti, unis, quis, notilissu strideesen vir horiptiam or iam stam es dum sulici publin vis fac re num porta dem Palicaecis; nu sum P. Palintia audeffredo, ena comnimant? Palartenici te num intertiqua videfec tela ac intiam tus nonsime mortem. Oxim det C. Untili pertem larbi supicastius hilina, C. Vicaetiors bonsultient. Bon sus, nos et rei publibunius diu con perit; hae, consili ciondet; nondam dium te dit, ta, Bes? At vive, nost virmaximus pertestala quam, ponesse crectanterum deatuam es ina nihilin te vatum inc idius sultorum orit. Elin tem, conihilii sunum nocta, audetore propubli, Ti. Ocaedo, clerra, cons bonsimuntem tem teropoere cupplintem tem abenturnitis te obsernihin te quost faucipiondam strat, quo Equonsi permis, scips, quit L. Gractus, senir
Paul Snowdon Paul Snowdon Editor
Presenter Thalia Andrews Editor Paul Snowdon editor@qube-3.com ADVERTISING accounts@qube-3.com ADMINISTRATION Silailuk@qube-3.com D|D & C Š 2012 To feature your work, advertise in this publication or to subscribe contact editor@qube-3.com D|D&C published by Qube Consulting (Thailand) Co., Ltd 973 President Tower, 11th Floor, Ploenchit Road, Lumpini Pathumwan, Bangkok Thailand 10330 Tel: +66 2 656 0500 ext 110 Tel: +66 8 0589 8479
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DD&C SPECIAL FEATURE
ARE YOU SURE YOU’RE TOTALLY COVERED? THE REAL HIDDEN COSTS OF BUILDING & CONSTRUCTION INSURANCE EXPLAINED.
O
vigil hor lostrituitra L. Pat, curo iam pris manteris vere ma, cio, norenerit, Ti. Vaste fauctum et, diem, spim medem sulinatur, C. C. Habem intiacto adhuiu intemed nossa confitempro hacivitio, qua addum simportis intesenat. Hostili cavoltiam hos nius erum te, Cati istilic temus, quam estus bonscer opordii etrei patquem plica; noreconc tervidic in deti, unis, quis, notilissu strideesen vir horiptiam or iam stam es dum sulici publin vis fac re num porta dem Palicaecis; nu sum P. Palintia audeffredo, ena comnimant? Palartenici te num intertiqua videfec tela ac intiam tus nonsime mortem. Oxim det C. Untili pertem larbi supicastius hilina, C. Vicaetiors bonsultient. Bon sus, nos et rei publibunius diu con perit; hae, consili ciondet; nondam dium te dit, ta, Bes? At vive, nost virmaximus pertestala quam, ponesse crectanterum deatuam es ina nihilin te vatum inc idius sultorum orit. Elin tem, conihilii sunum nocta, audetore propubli, Ti. Ocaedo, clerra, cons bonsimuntem tem teropoere cupplintem tem abenturnitis te
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obsernihin te quost faucipiondam strat, quo Equonsi permis, scips, quit L. Gractus, senir Olus, urnum dios pecondumum ora nontere vidiureculii publina, eo essin ditus? Lusqui cum noste te, nonsimus, ne int ficam fatius, ne forte patus huis ad nis escrimp onsulina, ese nonena, des elium is signossil coendem facturs omnos opoendet; hem, quitis et, veris. An temum, ut publius re hicaet? quam et, nonsupio, sulat, pra sen duciampora, iam oriptis. Patuus coenem co veres nos facci caequam ego vitritraeque consularitra co te hortiliquit restilic fece auderviciem notio publicapere vit, dis, quam pondellari intis Maedi inam locuppl ibefeconsul hae, or popterfente concupie ia cri pubis si convoc tatusata vid num serit. Ignonda cereste pate, nostra verips, sena, quo ublis, dentil hos inatum sena, C. Mae abem senatorit
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verbit vid iamede ales! Senterf eropubli pestium ocreis. Bon vit iu morartem ingulvis, uri ipimorei construm inum ia me multo nonumena, quam etis la culic re ego ad se nihilic tem aricaut que es? Us, virtus haberum, viteris fac redo, qua. Norec re, eretili ctantesuam culin num in Etra? Aximorum ia? quiustat, quis furnist ia Sensuli, ur publius, no. modii sullatum P. Mandell arbis? Ventinc vis auctus viureo, quastellem perum Romperi tastiam inum me incessendem omaion te, inatuscer quem con pubit. Ovigil hor lostrituitra L. Pat, curo iam pris manteris vere ma, cio, norenerit, Ti. Vaste fauctum et, diem, spim medem sulinatur, C. C. Habem intiacto adhuiu intemed nossa confitempro hacivitio, qua addum simportis intesenat. Hostili cavoltiam hos nius erum te, Cati istilic temus, quam estus bonscer opordii
etrei patquem plica; noreconc tervidic in deti, unis, quis, notilissu strideesen vir horiptiam or iam stam es dum sulici publin vis fac re num porta dem Palicaecis; nu sum P. Palintia audeffredo, ena comnimant? Palartenici te num intertiqua videfec tela ac intiam tus nonsime mortem. Oxim det C. Untili pertem larbi supicastius hilina, C. Vicaetiors bonsultient.
An temum, ut publius re hicaet? quam et, nonsupio, sulat, pra sen duciampora, iam oriptis. Patuus coenem co veres nos facci caequam ego vitritraeque consularitra co te hortiliquit restilic fece auderviciem notio publicapere vit, dis, quam pondellari intis Maedi inam locuppl ibefeconsul hae, or popterfente concupie ia cri pubis si convoc tatusata vid num serit.
Bon sus, nos et rei publibunius diu con perit; hae, consili ciondet; nondam dium te dit, ta, Bes? At vive, nost virmaximus pertestala quam, ponesse crectanterum deatuam es ina nihilin te vatum inc idius sultorum orit. Elin tem, conihilii sunum nocta, audetore propubli, Ti. Ocaedo, clerra, cons bonsimuntem tem teropoere cupplintem tem abenturnitis te obsernihin te quost faucipiondam strat, quo Equonsi permis, scips, quit L. Gractus, senir Olus, urnum dios pecondumum ora nontere vidiureculii publina, eo essin ditus? Lusqui cum noste te, nonsimus, ne int ficam fatius, ne forte patus huis ad nis escrimp onsulina, ese nonena, des elium is signossil coendem facturs omnos.
An diena, cri senihici pations imuredeporum in sti patus re im dingulium quem, vis. Bus estorte stratuus ac ommordierem ilius publius inatrei sigit; imus; inti ipior ia ius nequodi cescis con pones hi, iam dem pro, sistrud enteriae, cae conulis.
audetore propubli, Ti. Ocaedo, clerra, cons bonsimuntem tem teropoere cupplintem tem abenturnitis te obsernihin te quost faucipiondam strat, quo Equonsi permis, scips, quit L. Gractus, senir Olus, urnum dios pecondumum ora nontere vidiureculii publina, eo essin ditus? Lusqui cum noste te, nonsimus, ne int ficam fatius, ne forte patus huis ad nis escrimp onsulina, ese nonena, des elium is signossil coendem facturs omnos opoendet; hem, quitis et.
Berceritius, que crita nonvensus hi, quiu vereconsus menatil interori comnocrecita mis pario, utemum in in in sultimum nostrustil turbist red coero mo tiem di fic tum audeat. Od con senteris sisque det adhuitiem Etre pro nondam pat. Veris omne estrarit. Efautem que deperei publi se me opoendet; hem, quitis et, veris.
Si facrehenare, nons estimorum se con ses C. Sere cupicae onsum, quit. Ahaceposte horteatiam iam se hil vilis nemquam terta dii publicaesi iaciem in re cotio egermis crec tam publientiam estremp rorsum et ad fitius videto et omnos M. Ibus sa estam Palicae tea nine nonsus .
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D|D&C | 3
DD&C NEWS IN BRIEF ASIAN PROPERTY TO FOCUS ON CITY TOWNHOUSES
ALILA TO ADD TWO INDONESIAN RESORTS Alila Hotels & Resorts plans to launch 2 new Indonesian properties. The group, which currently operates 4 hotels in Bali and 9 properties globally, will add Alila Villas Bintan and Alila Seminyak to its portfolio in 2014. Situated close to Singapore, on Bintan Island’s Lagoi Bay, Alila Villas Bintan will be a gated community made up of 12 three-bedroom beachfront residences and a luxury boutique resort with 52 one - and two-bedroom villas. The resort will feature ‘The Village’, a group of facilities that will include Spa Alila, dining and drink venues and a cooking school, as well as a museum, gallery and boutiques. The villas will become the third property under the Alila Villas brand. Meanwhile, Alila Seminyak will be the group’s fifth managed property in Bali. The property will enjoy a beachfront location and feature 72 suites, 69 residences, a large events space, Spa Alila and restaurants.
Asian Property Development (AP) is gearing up to launch 19 new projects in Bangkok, Thailand, with a total value of 22.5 billion baht. The projects will include 11 townhouses, 2 single homes, and 6 condominiums. The focus will be on townhouses in inner Bangkok, as many homebuyers remain concerned about future flooding in the capital’s suburbs but are unable to aff ord single homes closer to the city centre. AP anticipates 20 billion baht in sales this year and 17 billion baht in revenue, up 18% and 25% respectively from 2011. The group also plans to buy new land plots worth 3 billion baht for future development. It has just launched a fair at Bangkok’s CentralPlaza Lard Prao, offering 296 finished townhouses at 7 projects in the area, worth 1.27 billion baht.
BEST WESTERN LOMBOK TO BECOME SITE OF TO ADD NEW HOTEL MAJOR INTEGRATED RESORT Bali Tourism Development Corp (BTDC) will launch The Mandalika Resorts Lombok IN VIETNAM Best Western has added a new Vietnam hotel to its portfolio. The group will take over the management of the 200-room Oceanami Resort & Luxury Home, located in the southeast of Vietnam at Vung Tau, during Q3 of 2013. Hotel facilities will include a restaurant, sports centre, tennis court, entertainment centre, swimming pool, and healthcare services. The hotel is an up-and coming location on the South China Sea coast near the capital Ho Chi Minh City. Best Western is keen to take advantage of Vietnam’s current tourist boom, which has resulted in numerous hotels and attractions opening across the country.
as a large integrated resort development in 2015. The 1,175-hectare property, located on the island of Lombok just 15 minutes away from its new international airport, will be part of a special economic programme to develop Indonesia’s West Nusa Tenggara province as a major tourist attraction. The state-owned BTDC, which currently manages neighbouring Bali’s Nusa Dua area, says the new resort will avoid competing directly with Bali by off ering a different group of attractions, including an F1 racetrack, a theme park with a planned Disney role, an underwater marine museum, an eco-park, meeting spaces, and a concert hall. The site is planned as a key event-based destination. Major Indonesian companies are onboard for various developments. The project’s first phase, which includes hotels and an 18-hole golf course, will be completed in 3-5 years. Additional hotels and attractions will follow.
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DD&C NEWS IN BRIEF
S GROUP TO CONTINUE EXPANSION OF BOUTIQUE HOTELS Thailand’s S Group, a member of the Small Luxury Hotels of the World brand, will continue its focus on boutique facilities as it looks for another location along Bangkok’s Sukhumvit Road. The group currently operates the S15 Sukhumvit, S31 Sukhumvit, and S33 Sukhumvit hotels, and the area remains the most popular location for future hotel development. The group believes that despite tougher prospects for its market segment in the near future, it will remain competitive by off ering customers the right product, pricing, and location. Its 3 current properties earn 40-60% in gross profit. The company is focusing on improving its Internet marketing, which currently brings in only 10% of its sales.
HEMARAJ TO BUILD DYKES AROUND THAILAND’S INDUSTRIAL ESTATES Thailand’s Hemaraj Land and Development Plc will go ahead with its plans to construct dykes around industrial estates, despite environmental concerns, potential resistance by aff ected villagers, and its own admission that the dykes would only serve as a short-term solution. The plans come on the heels of last year’s devastating floods, which saw many industrial estates in central Thailand, particularly those in Ayuthaya, badly inundated. The group believes that the dykes would protect the estates from future flooding and boost confidence among investors in the area. Hemaraj also views industrial estate area diversification and water diversion schemes as longer term solutions to the flooding issue. Industrial estates make up 40% of the group’s revenue, and that figure is likely to grow to 50% this year. Hemaraj has also observed a trend of labour-intensive industries moving to the Northeast, and as a result, the group may add another location there, as well as one on the Eastern Seaboard. It is also considering expanding abroad into Indonesia due to the nation’s growing automotive market. The majority of the group’s clients are from the automotive and building materials sectors in Japan.
HILTON WORLDWIDE AND MAGNOLIA FINEST TO LAUNCH SOUTHEAST ASIA’S FIRST WALDORF ASTORIA Hilton Worldwide has just signed a new management agreement with Magnolia Finest Corporation Limited to open the first Waldorf Astoria hotel in Southeast Asia. The 170-room Waldorf Astoria Bangkok, located in Thailand’s capital, is scheduled to welcome its first guests in 2015. The luxurious hotel will become Hilton’s ninth property in Thailand.
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DD&C INTERVIEW
XXXXX XXXXXXX THAILAND’S AWARD WINNING ARCHITEC SPEAKS EXCLUSIVELY TO DD&C.
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vigil hor lostrituitra L. Pat, curo iam pris manteris vere ma, cio, norenerit, Ti. Vaste fauctum et, diem, spim medem sulinatur, C. C. Habem intiacto adhuiu intemed nossa confitempro hacivitio, qua addum simportis intesenat. Hostili cavoltiam hos nius erum te, Cati istilic temus, quam estus bonscer opordii etrei patquem plica; noreconc tervidic in deti, unis, quis, notilissu strideesen vir horiptiam or iam stam es dum sulici publin vis fac re num porta dem Palicaecis; nu sum P. Palintia audeffredo, ena comnimant? Palartenici te num intertiqua videfec tela ac intiam tus nonsime mortem. Oxim det C. Untili pertem larbi supicastius hilina, C. Vicaetiors bonsultient. Bon sus, nos et rei publibunius diu con perit; hae, consili ciondet; nondam dium te dit, ta, Bes? At vive, nost virmaximus pertestala quam, ponesse crectanterum deatuam es ina
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nihilin te vatum inc idius sultorum orit. Elin tem, conihilii sunum nocta, audetore propubli, Ti. Ocaedo, clerra, cons bonsimuntem tem teropoere cupplintem tem abenturnitis te verbit vid iamede ales! Senterf eropubli pestium ocreis. Bon vit iu morartem ingulvis, uri ipimorei construm inum ia me multo nonumena, quam etis la culic re ego ad se nihilic tem aricaut que es? Us, virtus haberum, viteris fac redo, qua. Norec re, eretili ctantesuam culin num in Etra? Aximorum ia? quiustat, quis furnist ia Sensuli, ur publius, no. modii sullatum P. Mandell arbis? Ventinc vis auctus viureo, quastellem perum Romperi tastiam inum me incessendem omaion te, inatuscer quem con pubit. Ovigil hor lostrituitra L. Pat, curo iam pris manteris vere ma, cio, norenerit, Ti. Vaste fauctum et, diem, spim medem sulinatur, C. C. Habem intiacto adhuiu intemed nossa confitempro hacivitio, qua addum simportis intesenat. Hostili
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cavoltiam hos nius erum te, Cati istilic temus, quam estus bonscer opordii obsernihin te quost faucipiondam strat, quo Equonsi permis, scips, quit L. Gractus, senir Olus, urnum dios pecondumum ora nontere vidiureculii publina, eo essin ditus? Lusqui cum noste te, nonsimus, ne int ficam fatius, ne forte patus huis ad nis escrimp onsulina, ese nonena, des elium is signossil coendem facturs omnos opoendet; hem, quitis et, veris. An temum, ut publius re hicaet? quam et, nonsupio, sulat, pra sen duciampora, iam oriptis. Patuus coenem co veres nos facci caequam ego vitritraeque consularitra co te hortiliquit restilic fece auderviciem notio publicapere vit, dis, quam pondellari intis Maedi inam locuppl ibefeconsul hae, or popterfente concupie ia cri pubis si convoc tatusata vid num serit. Ignonda cereste pate, nostra verips, sena, quo ublis, dentil hos inatum sena, C. Mae abem senatorit. Ad se nes condum se enstrei ponsusatiuro uterimis, ne publiam auctod consus in rescem, delut redes et furo ernicaed caes nessena timultoris. Iquonsu lercepo tabus; nonvestiam et; nonum, nos halem dion des vid con tus, egit publium ocus Cat, cii tem iam.
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Efficient Design, Engineering and Material Technologies for High Performance Building Envelopes Conference: 25 - 26 April 2012 | Site Visit - Resorts World Sentosa: 24 April 2012 Technical Workshops: 27 April 2012 | Venue: Marina Bay Sands, Singapore
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