Calendar of events: 2015/2016 TCCC Executives Patron:
H.E. Philip Calvert Ambassador of Canada to Thailand
Officers: President – Ron Livingston Vice President – Derek van Pelt Vice President – John Stevens Treasurer – John Casella Secretary – Dean Outerson Executive Board:
Peter Bessey Surachit (Art) Chanovan Joseph Henry Andrew Kloosterhuis David A. F. Macdonald James MacDonald James McCracken Angus Mitchell Michael White
Embassy Representative: Yvonne Chin
Sean Brady Sam Cohen Kobsak Duangdee Don Lavoie Peter van Haren Picharn Sukparangsee
WHEN : WHAT : WHERE : PRICE :
28 May 2015 New Thai Class Action Legislation (breakfast briefing) London Room, Conrad Bangkok THB 800 members, THB 1200 non-members (including breakfast buffet)
WHEN : WHAT :
28 May 2015 PWG presents Ratanawadee Hemnithi Winther: Balancing successful career and family (networking evening) WHERE : Charcoal Tandoor Grill & Mixology, Fraser Suites, Sukhumvit 11 PRICE : THB 600 including free flow beer, wine, soft drinks and finger food WHEN : WHAT : WHERE : PRICE:
3 June 2015 Joint Chambers Economic Outlook 2016 (luncheon) Ballroom 1, Grand Hyatt Erawan Hotel THB 1200 members, THB 2000 non-members (including lunch)
WHEN : WHAT : WHERE: PRICE:
3 June 2015 Commonwealth Sundowners (networking) Anantara Siam Bangkok (former Four Seasons Hotel Bangkok) THB 550 members, THB 1100 non-members
WHEN : WHAT : WHERE : PRICE :
17 June 2015 Canuck Connections Kai Restaurant, Sathorn Soi 12 THB 300 members, THB 500 non-members (including finger food)
WHEN : WHAT : WHERE : PRICE :
27 June 2015 Canada Day NIST International School, Sukhumvit 15 see below
Thai-Canadian Chamber of Commerce 139 Pan Road, Sethiwan Tower 9th floor, Bangkok 10500 Tel: +66(0) 2266-6085-6 Fax: +66(0) 2266-6087 Email: email@example.com Website: www.tccc.or.th
The Voyageur is the monthly magazine of the Thai-Canadian Chamber of Commerce, covering all Thai-Canadian business, legal and social news of interest to the members and others who are active in expanding Thai-Canadian bilateral trade. Editor: Thai-Canadian Chamber of Commerce Publisher: Scandinavian Publishing Co., Ltd. 211 Soi Prasert-Manukitch 29, Prasert-Manukitch Rd., Chorakeabua, Ladprao Bangkok 10230 Tel: +66(0) 2943-7166-8 Fax: +66(0) 2943-7169 Design: Disraporn Yatprom Email: firstname.lastname@example.org Advertising Contact: Mr. Finn Balslev, Marketing Director Scandinavian Publishing Co., Ltd. Tel: +66(0) 2943-7166 ext.116 or 08-1866-2577 Email: email@example.com
Gear up for our biggest community event of the year
- lots of fun, games and activities for adults and children. Early bird tickets available until 17 June Adult – THB 1000 Children (5 to 12 years) – THB 500 Children under 5 years – THB 100 Family (2 adults and one child upto 12 years) – THB 2300 After 17 June Adult THB 1300 Children (5 to 12 years) THB 650 Chidlren under 5 years – THB 100 Family (2 adults and one child upto 12 years) – THB 3000
Thai-Canadian Chamber of Commerce 2015 / 2016 Board Members Ron Livingston President
John Stevens Vice President
Director - Board of Trade of Thailand, President & CEO of International Environmental Management Co. Ltd. A staunch supporter of sustainable development and the promotion of small businesses, Ron Livingston serves as president and chief executive officer of International Environmental Management, which has offices in Thailand, Cambodia, Vietnam and Myanmar. Formerly an ADM/ Director of Department of Renewable Resources and Environment in Canada’s north. A former vice-chairman and director of the Board of Trade of Thailand. Ron is a past president of the Thai-Canadian Chamber of Commerce and has been on the TCCC board member for the past 20 years.
John Stevens came to Thailand in 1997 and worked in the trade section of the Canadian Embassy. He later joined Nova Gas before embarking on his own entrepreneurial pursuits including “The Best in Bangkok” entertainment guide. Mr. Stevens also founded and was Managing Director of Point of View (POV) Media Group Co., Ltd. – a leading out of home advertising company headquartered in Bangkok. More recently he was Managing Director of Carrot Rewards Co., Ltd. Carrot Rewards was launched in 2012 and is the official membership program for Rabbit Card – Thailand’s first smartcard for mass transit and retail payments. Mr Stevens is now embarking on another entrepreneurial adventure to bring more innovative service / product to Thailand. Mr. Stevens is a Vancouverite by birth and is a graduate of the University of British Columbia. He later attended the Asia Pacific Management Cooperative Program at Capilano College which led to his internship at the Embassy of Canada in Bangkok. Mr. Stevens has served on the board of the Thai-Canadian Chamber of Commerce since 2010. He also served between 1999 and 2005. He was awarded Entrepreneur of the Year by the Thai – Canadian Chamber of Commerce in 2000 and is active in organizing Chamber’s events and leading a number of marketing initiatives.
TCCC News Derek van Pelt
Managing Director of Siam Wheels Co., Ltd
Head of Marketing & Communications at Sasin Graduate Institute of Business Administration, Chulalongkorn University
Derek van Pelt has been in the Kingdom of Thailand since 1997 when he came to work for the Thai Royal Family at Chitralada Palace School for a year. Mr. van Pelt is currently the Managing Director of TCCC member company Siam Wheels Co. Ltd as well as a Partner & Director in another TCCC member company, Smiling Albino Ltd. His prior work experience also includes working for TravelGuide. com as well as starting and subsequently selling Datcorp Co. Ltd. Mr. van Pelt joined the TCCC Board in 2010 and currently serves as a Vice President. He is frequently seen at TCCC events either behind the scenes or behind the microphone. He looks forward to continuing his work with, and support of, the Canadian community in Thailand.
Dean Outerson has worked in Thailand for the past 9 years and has 25 years experience living and working in Asia, having previously lived in Japan and Indonesia. Currently, he is Head of Marketing and Corporate Communications at Sasin Graduate Institute of Business Administration of Chulalongkorn University, Thailand’s first internationally accredited business school. Dean heads the team that handles the marketing and recruiting efforts of the graduate business school. In his previous position as Director of Publications/Managing Editor at Veritas Graphics, he worked closely for a number of years with the British Chamber of Commerce, Australian Chamber, and the New Zealand Chamber on their publications. He has been an active member of the Rotary Club of Bangkok South since 2007 and has served on the Board of Directors four out of the past five years. He has a background in writing, editing and journalism and has a keen interest in digital marketing and social media, education, literature and history. Born in Tillsonburg Ontario, his family moved to Florida when he was 10 years old, and he graduated from Georgetown University’s School of Foreign Service in 1990. He grew up playing hockey and soccer, and briefly played in the hockey league in Bangkok, until an injury forced him to retire from the game. He is a long suffering Toronto Maple Leafs fan, and an optimistic Arsenal fan.
John Casella Treasurer
Managing Partner of PKF Tax and Consulting Services (Thailand) Ltd. / PKF Audit (Thailand) Ltd.
Mr. John Casella has more than 20 years of professional experience in accounting, consulting and management positions for a wide range of companies and projects in S.E. Asia and North America. John is the Managing Partner at PKF Tax and Consulting Services (Thailand) Limited where he has successfully built a strong team over the past 5 years providing a broad range of expertise, including: taxation compliance and tax consulting services, outsourced accounting and payroll, corporate legal support, and risk management services. During the last year, John has also opened PKF Audit (Thailand) Ltd. offering audit and assurance services to foreign and local clients alike. Previously, John spent 10 years providing corporate advisory services for Churchill Pryce Capital throughout SE Asia, including corporate debt restructuring, operational consulting, M&A due diligence, business valuation, etc. Before that, John worked as Operations Analyst in the corporate headoffice of the Dusit Group in Bangkok. John started his career with 4 years as a financial audit for Arthur Andersen at their Canadian headoffice in Toronto. John earned an Honours Bachelor of Commerce degree from the University of Windsor and a Bachelor degree in Psychology from the University of Western Ontario. He holds an active license as a Certified Public Accountant in the USA and is an active Certified Management Accountant in Canada. John is a member of the Rotary Club of Bangkok South. He is also an active member of the Bangkok Flying Farangs and Thai Stix hockey teams. John is a former TCCC President and TCCC Treasurer.
Peter Bessey Director
Vice Chairman of the Executive Committee & Deputy Chief Executive Officer, Thanachart Bank
Peter Bessey joined Scotiabank in 1986 and has held a series of progressively more senior management positions. In 2008, Peter was appointed Regional Senior Vice President for the 4 eastern provinces in Canada, responsible for 156 branches and 2800 employees. Peter moved to San Juan, Puerto Rico in 2011 as President & CEO of Scotiabank de Puerto Rico. In this role he was responsible for all of Scotiabank’s operations in Puerto Rico and the United States Virgin Islands. Peter and his wife, Mary Jane, relocated to Bangkok, Thailand in August 2014 where he was appointed (on a secondment from Scotiabank) as Vice Chairman of the Executive Committee and Deputy Chief Executive Officer of Thanachart Bank. In his current capacity he also serves on the Board of Directors of both Thanachart Bank and Thanachart Insurance. Peter has served as Director and President of both local and regional Chambers of Commerce and has played a leadership role in a variety of community and charitable organizations. In 2003 Peter was awarded the Queen’s Jubilee Medal in recognition of his contributions to the growth and development of business in New Brunswick, Canada through his involvement in the Chamber of Commerce movement. In 2005 he was selected as one of the Top 50 CEO’s in Atlantic Canada by Atlantic Business Magazine, and in 2008 Peter was presented with an Alumni Award of Distinction by the University of New Brunswick. April -- May May -- June June 2015 2015 April
TCCC News James MacDonald
Head of School NIST International School
CEO, TRUE Clarity
James MacDonald was born and raised in Edmonton, Alberta though he has been living in Asia for the majority of the last 15 years. He and his family moved to Bangkok in 2013, where James took over as Head of School at NIST International School, which is a not-for-profit organization, educating over 1500 students who range in age from 3 to 18. Before settling in Bangkok, James also worked in Singapore at the Canadian International School Singapore and, most recently, in Japan where he was Head of School at Yokohama International School. James is involved with a number of other educational bodies, representing over 600 other IB schools in the region as Chair of the International Baccalaureate (IB) Asia Pacific Regional Council. He is also a board member of the East Asia Regional Council of Schools (EARCOS) and, closer to home, is on the executive committee of the International Schools Association of Thailand (ISAT). He has published numerous articles on leadership in international education and is a regular presenter at various educational conferences throughout the Asia Pacific region. James holds two undergraduate degrees (B.Ed. & B. Mgt) from the University of Lethbridge (Canada), an MA in Education from the University of Bath (UK), and an MBA from the University of British Columbia (Canada). James’ wife Corry, who is also originally from Edmonton, is an artist and art therapist and together they have three school aged children.
TRUE Clarity’s managing director and senior consultant James McCracken has been based in Thailand since 1994. He is a successful entrepreneur and a results-driven executive with extensive knowledge of Contact Center, CRM, ERP and global marketing. He’s a hands-on leader, able to educate, motivate and drive Customer Satisfaction and Net Promoter Score (NPS) while increasing sales and maintaining the bottom line. He has a solid track record working with multinational corporations in the following industries; Automotive, Banking, Education, Food & Beverage, FMCG, QSR, Manufacturing & Travel & Leisure.
Angus Mitchell Director
Partner and Managing Director Thailand DFDL Legal and Tax Angus Mitchell has more than 20 years of professional experience as a lawyer in Southeast Asia and North America. Mr. Mitchell is a highly experienced general corporate and commercial lawyer with a particular focus on oil & gas and power projects. Mr. Mitchell holds a JD and a BA (Economics) from the University of British Columbia, and is a member of the Law Society of Alberta. After qualifying in Canada, he began his career in 1995 with DFDL’s predecessor firm in Myanmar, moving in 1997 to the Projects group at Linklaters in Singapore. In 2002 Mr. Mitchell moved to Bennett Jones LLP, a top tier Canadian energy law firm in Calgary, where he was a Partner in the Energy and Natural Resources Practice Group. Mr. Mitchell joined DFDL in Thailand in January 2013 and is the managing director of the Thai practice as well as the head of DFDL’s Oil & Gas Division.
David Macdonald is Vice President and General Manager for DKSH BU Performance Materials, a B2B enterprise that markets and distributes Specialty Chemicals and Ingredients to the following industries: Food and Beverage; Personal Care and Cosmetics; Pharmaceutical; Animal Health and Nutrition; Paints, Inks, Plastics, Rubber, and Adhesives.
David A. F. Macdonald Director
Vice President and General Manager for DKSH
During the 9 years with DKSH in Thailand, he has worn several hats including VP South East Asia, establishing green field sites in Myanmar, and Indonesia. He is a Director of DKSH Thailand. David started his time in Asia with the Capilano Asia Pacific Management Co Op Program in Vietnam, later moving to Diethelm Vietnam, spending a total of 8 years in the country, before moving to Malaysia for 3 years, and later taking up his current assignment in Thailand for the past 9 years. David is married with three children and his family are based in Thailand. A Toronto native, David is an avid hockey player, having played House League and Selects at North Toronto Hockey Arena from age 5 to 18. As a Canadian with more than 21 years living and working in Asia Pacific David will bring additional perspectives and insights to the TCCC Board and he looks forward to being of service.
TCCC News Surachit (Art) Chanovan
Managing Director of SuccessCanada.org
Regional Director, IMAS Group
As an active member of the Chamber’s Education Sector, Mr. Surachit (Art) Chanovan has been a strong advocate of quality education for Thai students and served as the Country Director of TCCC member company, Canadian Education Centre Network (CECN) – Thailand Branch from April 25, 2002 until the network’s global closure in January 2010. He served as a TCCC Board Director from May 2002 to March 2003 and continued as a Board Advisor until 2012 before rejoining as board director in 2013 until present. Mr. Chanovan received the TCCC’s Business Excellence Award in the “Best Canada-Thai Linkages” Category in 2003 for his efforts in promoting Canadian as education destination. Most recently, Mr. Chanovan became the Managing Director of “SuccessCanada.org” from February 1, 2010 to the present. Like CECN, his new entity is the continuation of his excellent job in promoting Canadian education to Thai students working in alliance with his former colleagues from various countries in Asia. In promoting the Canadian education sector, Mr Chanovan has led and/or supported annual Canadian education fairs, annual secondary school /post-secondary forums, information sessions for schools throughout Bangkok & upcountry, college/university events and student/agent seminars. He has also provided education/travel counseling to various Thai students, parents and local school counselors and provided linkages to various Canadian institutions’ websites for the benefit of Thai public. Mr. Chanovan, a US graduate has acquired extensive business competencies in the fields of communications, education, international relations, travel, and transportation. His career path has included work assignments as Regional Manager, Asia Pacific of Amadeus, and as Country Manager Thailand of Air New Zealand, a leading Asia Pacific Airlines etc.
Andrew Kloosterhuis Director
Owner, Sway Bangkok
Andrew Kloosterhuis has been living abroad for close to 10 years, with 8 of those years being in Thailand. With his vast network built initially during his time as a teacher and subsequently as a business owner in the hospitality industry, Andrew’s connections and contacts will offer great added exposure to the chamber’s events and other initiatives. A problem solver and a leader, Andrew believes in teamwork, communication and perseverance. He is willing to go the extra mile to be successful and to be better than the competitors. The mantra of ‘no task is ever too big or hard, if it means results’ is something Andrew lives by.
Michael White currently serves as Regional Director of IMAS Group, a leader in business data analytics and retail productivity projects. Previously, Mr. White was the regional sales manager of DG Capitel, a Bangkok-based provider of communication systems and technical services to some of the world’s leading telecom operators. Mr. White first came to Thailand in 2003 and worked on the head Asia desk of Deutsche Presse, covering all regional news stories including the war in Iraq. Mr. White is a Vancouver Islander by birth and a graduate of the University of Victoria. He has served on the board of the Thai-Canadian Chamber twice previously, both in 2005 and 2011, and is very active in event organizing for both the Flying Farangs hockey and Beaver Golf institutions.
Joseph Henry Director
Managing Director, Vivaldi Integrated Public Relations
Joseph founded Vivaldi Relations in 2004. Vivaldi offers full traditional PR, digital PR, social media management and event services, and has evolved to become one of Thailand’s fastest growing and most successful PR companies over the last few years. Vivaldi’s portfolio includes a range of high-profile clients including Jaguar Land Rover, Cartier, Rolex, Nike, William Grant & Sons, Singapore Tourism Board, ONYX Hospitality, Magnolias Finest Corporation, Saint Gobain, Tourism Authority of Thailand, MTV, TNT Express and Qatar Airways. Joseph holds a Bachelor of Business Administration (BBA) in Marketing from Simon Fraser University, Vancouver, Canada. He is also a National University of Singapore alumnus having completed the Young Managers programme. He is avid athlete who frequently competes in triathlons, adventure races and marathons. He completed his first full Canada ironman Triathlon in 2012.
Andrew has used his experience as an owner of a restaurant in Thailand, with its many challenges, as a way to improve, adapt and grow his business. His strong work ethic, creativity and experience in Thailand will help support the Thai-Canadian Chamber reach and possibly go beyond our goals. April -- May May -- June June 2015 2015 April
Shaping the Canada-ASEAN Economic Corridor
Two-way trade between Canada and the ASEAN region reached a record 19 billion in 2014, a 44% increase over 5 years. So it seemed fitting that the second CanadaASEAN Business Forum 2015 was held in Bangkok recently to celebrate this growth. Staged at the Anantara Siam Hotel Bangkok (formerly the Four Seasons Bangkok), it was the second such forum, the first being held in Singapore in October 2013. The 2015 Forum welcomed over 230 business leaders and senior government officials from Canada and Southeast Asia to discuss trade and commerce issues along with the integration of the ASEAN Economic Community. This senior level networking opportunity provided a platform for senior executives from Canada and ASEAN to discuss opportunities and challenges for doing business in the region and in Canada, providing strategic information and intelligence for Canadian companies interested in investing in ASEAN, and vice versa. The forum was organized by the CanadaASEAN Business Council (CABC). The event kicked off with a welcome address from Wayne Farmer, the President of the CABC and Managing Partner of Islemount Limited. He introduced the event’s guest of honour, M.R. Pridiyathorn Devakula, Deputy Prime Minister of the Kingdom of Thailand. Khun Pridiyathorn noted that changes to the Thai tax system were long overdue. He announced that, “the Thai Government had approved a new package to attract more companies to establish International Headquarters and International Trading Companies in Thailand. In this package, we will NOT collect income tax from dividend and capital gain from investing in overseas subsidiaries; we will not charge any tax on income received from providing services to subsidiaries such as training services, treasury management services, and procurement services. Also we will not charge any tax on the profit from trading of products purchased from foreign sources and sold to foreign destinations. “Thai companies that expand production base overseas could now enjoy these tax privilege and they can now trade their products in various overseas production bases from their headquarters in Thailand without any tax burden. Foreign companies that have production units in Thailand as well as in our neighboring countries, could set up a regional headquarter in Thailand and enjoy such tax benefit as international headquarter. Foreign trading companies without production units could also apply for the International Trading Companies privilege and could do the ‘out-
Rico Hizon (with microphone) moderating discussion on Investing in ASEAN out’ trading business from the trading base in Thailand without paying tax. To make it more attractive, the personal income tax on expatriate staff of the International Headquarters and Trading Companies is now reduced to 15%, half of the normal rate.” After dinner, H.E. Philip Calvert, Canada’s Ambassador to Thailand, Laos and Cambodia introduced Dean Connor, the President & CEO of Sun Life Financial who delivered the keynote address of the evening. Dean focused on why trade with ASEAN matters: “ASEAN is a powerhouse with population of more than 600 million people (larger than the EU) and a GDP of 2.4 trillion,” he noted. “Taken together ASEAN would be the world’s 7th largest economy in the world projected to surpass the UK by 2020 and Japan by 2025, and ASEAN is the fourth largest exporter in the world (McKinsey says 70 million households in the region are in the consumer class with another 55 million set to join them by 2025).” Continuing, Dean said Canada is also a compelling 1.8 trillion dollar economy, with a strong and stable financial sector, a highly-skilled exceptional diverse workforce, world-class governance and a welcoming business environment. Plus it has the geographic advantage of being next to the US and its market with which Canada is strongly integrated. Dean said Canada’s trade with ASEAN is outgrowing Canada’s overall trade; DFAIT’s data shows that between 2008-2014 bilateral trade increased 25%, not withstanding the global economic slowdown and that figure
was three times the merchandise trade growth for Canada overall in that same period. A recent survey by CABC, the AsiaPacific Foundation and the United Overseas Bank showed that 86% of the Canadian companies operating in the region are profitable, half of those within the first three years and 81% are expected to increase investment. He add that Canada still had a lot of work to do because although ASEAN was our 7th largest trading partner it still represents only 2% of Canada’s overall external trade, compared to 5% for the United States. McKinsey says only half of Canada’s top countries are doing business in Asia while all of America’s top countries are doing business here. Canadian business is also narrowly represented here with a heavy focus in financial services, technology and resource companies, reminding us we have yet to achieve a comprehensive agreement that secures the best possible conditions for business activity between Canada and ASEAN. The evening finished with closing remarks from Peter Nesbitt, the Regional VicePresident for Asia of Export Development Canada and the Chair of the Canada-ASEAN Business Forum. The next morning, the Honourable Ed Fast, Canada’s Minister for International Trade started the day by speaking about “Branding Canada in ASEAN”. A sustained engagement with Asia has become one of Fast’s top priorities and he is the first Canadian Minister of International Trade to visit all ten ASEAN countries, making 13 visits to the region over the last 3 & ½ years. He wants to transform
TCCC news Canada’s economic partnership with the region into something that makes a real difference in the lives of million people. Fast noted that ASEAN is Canada’s tenth largest trading partner and Canada’s direct investment into ASEAN of 6.1 billion dollars exceeds that into Japan, Hong Kong, China and India. He also reminded conference attendees that Canada is a “predictable, safe and stale destination for investment”. Minister Fast said “Southeast Asia’s strong economic growth, its burgeoning middle class, young talented and innovative work force and abundance of natural resource presents huge opportunities for partnership with Canadian companies.” He also noted that Canada is a global leader in many of the sectors that can drive economic growth in the region, including mining, oil and gas, food processing, aerospace, life sciences, health technology and education. Canada’s world-class companies also offer cutting-edge capabilities in information, communication and sustainable technology, as well as engineering, design and construction expertise (Canada is the world’s fourth largest exporter of engineering services). Minister Fast also said that Canada has gotten government spending under control; soon it will be the first G-7 country to run a balanced budget and it has done so without raising taxes. Canada’s corporate tax (federal and provincial combined) on average is 26 percent, 13 percent less than in the US. Both Forbes and Bloomberg rate Canada as the best place to do business in the G20. The Economist’s Intelligence Unit ranked Canada as the best place to do business in the next five years and for the seventh straight year the World Economic Forum has ranked Canada’s banks as the soundest in the world. Canada takes great pride in having a work force that is highly educated, innovative, technologically savvy, entrepreneurial and fully committed to economic success. The OECD recently announcing that Canada was the best educated country in the world with over 50 percent of high school graduates going on to a university degree or college diploma. A recent ASEAN road show to Canada showcased the best Canada has to offer in infrastructure, energy, finance, manufacturing, high technology and the delegates visited research centers and educational institutions
where they witnessed world-leading Canadian innovation first-hand. The delegates also toured Port Metro Vancouver, from which the sailing time to China, Korea and Japan is up to 3 days shorter than any other port in the Americas. British Columbia hopes to be ASEAN’s gateway of choice into North America. Minister Fast announced that Canada will form a stand-alone embassy for ASEAN in Jakarata (the current Canadian Ambassador to Indonesia Donald Bobiash is now carrying that added title) and that Canada will also have resident representation in Cambodia and Laos.
Peter van Haren, Sean Brady and Derek van Pelt were among the attendees at the conference The Minister also mentioned that as part of the Global Market Action Plan (GMAP) the Canadian Government’s new international educational strategy seeks to double the number of foreign students studying in Canada and encourage more Canadian students to study abroad at the same time. After Minister Fast’s talk Tan Sri Dr. Mohd Munir bin Abdul Majid, Chairman of the ASEAN Business Advisory Council, introduced H.E. Lê Luong Minh, Secretary General of ASEAN who spoke on “Canada and the ASEAN Economic Community”. Rico Hizon, anchor for Newsday and the Asia Business Report for BBC World News, then moderated a panel discussion between Dr. Sutapa Amornvivat, Chief Economist and FEVP for the Siam Commercial Bank; Jeff Pirie, the Deloitte AEC Agenda Leader; Stewart Beck, the President and CEO of the Asia Pacific Foundation; and Dr. Majid, which
elaborated on Mr Minh’s speech. The participants then broke up into a breakout session called “Where to Invest?” There were four sub-groups focusing on Thailand, Indonesia, Myanmar, and the broader Canada ASEAN Trade, the TPP and RECP. The moderators respectively were: Peter van Haren , TCCC President; Chia Wan Liew, the Chief Representative for Southeast Asia of Export Development Canada; Rob Simmons, the Southeast Asia & Oceania Managing Director for the Alberta Government; and Jean Charest, partner in the firm of McCarthy Tétrault moderating the respective sessions. Peter Bessey, Deputy CEO of the Thanachart Bank introduced Mike Durland the Group Head and CEO of Global Banking and Markets for Scotiabank, who spoke on “Investing in ASEAN”. Rico Hizon, a self-professed Montreal Canadians fan, then moderated another panel discussion elaborating on Mr Durland’s theme and this panel featured Timothy Dattels, Managing Partner & Co-Head Asia, TPG Group; Pote Videt , Managing Director, Lombard Investments, Thailand; and Don Lam, CEO of Vina Capital Vietnam. Amongst the guests were Jean Charest, the former premier of Quebec, a former deputy prime minister and a senior federal cabinet minister in the Mulroney government. Describing the event, Peter Nesbitt, the Forum’s Chairman, says, “The Canada-ASEAN Business Forum is the premier networking event for anyone doing business between Canada and ASEAN. The participants are essentially the ‘Who’s Who’ of the CanadaASEAN Business Corridor.” The Association of South East Asian Nations (ASEAN) was formed in Bangkok in August of 1967 by the foreign ministers from Indonesia, Malaysia, the Philippines, Singapore and Thailand. Since then ASEAN has expanded to include Cambodia, Brunei Darussalam, Myanmar, Laos and Vietnam. The ten-member countries have joined together to form the ASEAN Economic Community (AEC), the main objectives of which are to create a single globally competitive market and decrease the prosperity gap between ASEAN members. Canada hopes to continue to build a long and prosperous trade relationship with the AEC.
The Canada-ASEAN Business Council (CABC) was established in 2012 to provide a forum for Canadian businesses to establish trade and investment links in the ASEAN region, to organize trade missions for members and to serve as an advisory board for senior Canadian policy-makers. CABC membership includes leading Canadian enterprises active in the ASEAN, and is open to any Canadian company conducting business or considering doing business in the region. Honourary members include representatives of Canadian Chambers of Commerce in ASEAN, provincial governments and the Canadian Trade Commissioner Service. The Council is based in Singapore but conducts meetings across ASEAN. Membership to the CABC offers access to educational resources, advocacy support and the opportunity to participate in networking events throughout Southeast Asia. The Council continually partners with think-tanks and stakeholders throughout Canada and ASEAN to produce high-quality, high-impact studies that analyze the health and growth of the Canada-ASEAN economic corridor. In addition to these studies, the CABC works closely with local governments and has enjoyed a productive and lasting relationship with the Canadian government. By coordinating closely with government partners in Canada and throughout ASEAN, the CABC is able to communicate its members’ concerns to decision-makers in the region. April -- May May -- June June 2015 2015 April
the history and evolution of the world the thoughts and graphic narration of children 9 to 11 years
THE EARLY LEARNING CENTRE FAMILY OF SCHOOLS THE CITY SCHOOL Ages 3-11 years #18 Soi Arkaphat, Sukhumvit Road 49/4, Bangkok 10110 Tel: (662) 381-2919, 391-5901, 712-5338 Fax: (662) 391-1334
THE COUNTRY SCHOOL Ages 2-5 years #44, Samakee Road 20, T.Tasai, Muang Nonthaburi 11000 Tel: (662) 588-1063, 952-4147 Fax: (662) 589-4809
www.elc-bangkok.com culture and architecture
THE PURPLE ELEPHANT Ages 18-36 months #44 Soi 53/1, Sukhumvit Road, Bangkok 10110 Tel: (662) 662-7653, 662-7654 Fax: (662) 260-5947
CHEZ NOODLES Ages 18-36 months #61 Soi Prommitr, Sukhumvit Road 39, Bangkok 10110 Tel: (662) 662-4570, 662-4571, Fax: (662) 662-4572
your one-stop consulting firm for doing business in Thailand
RSM Thailand is a member firm of RSM International, the seventh largest worldwide organization of independent accounting and consulting firms with 37,443 staff including 3,279 partners in 732 offices in more than 112 countries. With a worldwide fee income of US$4.4 billion in 2014, RSM is driven by a common vision of providing high quality professional services in domestic markets and serving the international needs of their client base. RSM International is also the 6th largest global provider of tax services. As at January 2015 the network had fully independent member firms and correspondents in 112 countries. RSM member firms vary in size, structure and age, but they are united under the RSM brand and share a strong entrepreneurial spirit employing a unique clientcentered approach. Many of RSM’s member firms are within the top seven in their national markets. Its member firms understand the local culture and traditions; they are experts in national rules and regulations and have in-depth knowledge of the services, sectors and economy in their countries. Member firms also maintain the highest standards of technical excellence with a focus on providing outstanding service to clients. They provide the core service lines of audit and assurance, accounting, risk advisory, tax, transaction support, corporate restructuring & insolvency and IFRS services. Beyond these, member firms also offer a wide range of specialist services from forensic accounting and expatriate advice to human resource consulting. The member and correspondent firms of RSM are organized into geographic regions for the purposes of business development, administration, quality control and for the coordination of cross-border or multinational team assignments. The regions are constituted as follows: Asia Pacific, Latin America, North America, Europe, Africa and MENA. Member firms are well-established practices of high local standing. RSM clients are increasingly looking beyond their national borders for new opportunities. The close relationships within the RSM network mean that clients can easily be connected to a like-minded firm of professionals
Grant Thornton and Salustro Reydel is part of KPMG. Mark Butters (CPFA, UK) is the Executive Director of RSM Thailand. Hailing from Staffordshire, in the UK, he’s been in-country for 25 years now, originally joining a Thai firm in the BDO network, which then became the RSM member firm in Thailand during the mid ‘90s. RSM Thailand, as we know it today, was set up in 2001, by RSM Nelson Wheeler Corporate Advisory Services (CAS), a part of the Hong Kong Member Firm, RSM Nelson Wheeler, initially focusing on Corporate advisory/insolvency engagements. Mark joined in August 2001 to help establish the outsourcing and audit services, which have now becoming two of the core services of the firm. In 2005, RSM Nelson Wheeler CAS was acquired by a US insolvency practice and a local management buy-out resulted in RSM Thailand becoming an independent full member firm of RSM International.
in another country, that they can be assured will have their business interests at heart – no matter what services are required, or where they are needed. RSM’s field is dominated by the big four multinationals (Deloitte, PricewaterhouseCoopers, Ernst & Young and KPMG, of which Deloitte is the largest). RSM is grouped in with other middle-tier firms such as Grant Thornton, Mazars, Baker Tilly, BDO, and PKF. Interestingly, Baker Tilly UK recently left Baker Tilly and has joined RSM, making it the second largest firm in the RSM International Network after RSM’s US member firm, McGladrey whose international office is based in Chicago. RSM International has been in existence since 1964, when it began as a small network that was originally called DRM. In 1993, the organization restructured and changed its name to RSM International. The name RSM came from the initials of three of the organization’s original member firms (R for Robson Rhodes, a UK accounting firm; S for Salustro Reydel, a French accounting firm; and M for McGladrey, as US accounting firm). Of the three founding members, only McGladrey remains a member of the international organization. Robson Rhodes is now part of
RSM Thailand has three core services: audit, advisory (outsourcing accounting, tax compliance, tax consulting and corporate secretarial), and recruitment, its newest service line, established in 2005. Most of the key staff members of RSM Thailand have been with the firm for over a decade, so there is stability at the management levels in the company. Mark advises that what sets RSM apart is that you get an international-standard audit while getting access to partners and senior management, which can be very difficult when dealing with some firms. Senior management even make an effort to pay courtesy visits to clients located outside of Bangkok to obtain feedback, gain an understanding of the client’s activities and to discuss any issues that they may have, including general “doing business in Thailand” type matters. RSM Thailand can offer legal, tax and financial due diligence all in one package. It also has a strong working relationship with other RSM firms in the region, which greatly assists clients who are expanding regionally RSM Thailand also provides “high-end” recruitment services (HR managers, production
Member Profile managers, accounting managers, financial controllers and country managers), focusing mostly on Thai nationals, but also including some expatriate positions. Using the “global relationship tracker” RSM makes sure its recruiting practices (or other services) are not in conflict with a client that any RSM member firm in any jurisdiction is auditing. RSM International also holds an annual “RSM Academy” where managers and junior partners from RSM firms around the world meet in the Netherlands for a week of intensive training, experience of putting together a global bid and complete a case study. This is a great opportunity for young up-and-coming staff of the Thai office to gain valuable international experience and a good understanding of RSM International, its core values, client relationships as well as providing a chance to network with Managers and Directors of other RSM Member Firms from around the World. Six of RSM Thailand’s Management team are graduates of the RSM Academy and two more staff are expected to attend the Academy in 2015. RSM regularly sponsors charity events including Rotary Club Bangkok South’s annual “Coins on Silom”, as well as “Operation Smile’s” annual fight night and it enters teams into various charity golf tournaments. Several of RSM’s directors are also members of the Lighthouse Club, which raises funds for schools run by the Mercy Center.
Who RSM works with RSM’s core client base ranges from growthfocused entrepreneurial businesses through to leading multinational organizations across many sectors and operating nationally and across borders. Recent cross-border assignments include: • Global audit work in 41 countries for a world-leading global agro-industry giant • Delivering a joint primary listing between Japan and Hong Kong raising over $200m • Firms across 22 countries working with a leading global franchise, headquartered in the US, on their continuing international expansion
• Seven member firms in Europe advising on international tax structuring on behalf of two leading US private equity groups • Australia, China and Taiwan providing services to a large food manufacturer in Japan • Seventeen member firms in Latin America and the Caribbean providing compliance services to one of the world’s pre-eminent airline and airport services provider
“DID – Dine in the Dark”
An illuminating culinary journey into the world of the visually impaired Held within the Sheraton Grande Sukhumvit’s chic gastro lounge, BarSu, the unique culinary Dine in the Dark concept invites guests to experience their dinner in total darkness. At DID, diners take their dining experience to a whole new level as visually impaired guides lead them on a remarkable journey of sensory awareness in the dark. Challenging, thought provoking
and fun, DID allows diners to get in touch with all of their senses – except one. DID takes diners out of their comfort zone but rewards them with an unforgettable experience and true insight into the world of the blind. DID is a unique experience for groups of friends and colleagues. Dining is limited to 20 – 24 guests at each sitting and for each diner, the hotel will donate Baht 50 to The Foundation for the Blind in Thailand. April 2015 April - May - June
Charity Golf Tournament
Thank you all our sponsors, players, guests, volunteers and organizers for making the 2015 tournament a big success. Part proceeds from the tournament will go to the People Eye Care Foundation. And remember to save 1-2 April 2016 for next yearâ€™s tournament!
All Chambers Songkran networking The Thai-Canadian Chamber of Commerce hosted the annual Songkran networking evening along with our chamber partners. The event was kindly sponsored by Flow House, who also offered guests lots of splashing fun to celebrate the Songkran festival! 14 Voyageur
April - May - June 2015
Forging Thailand’s Digital Economy O Over the last few months the Thai government unveiled its plans to create a “Digital Economy”. In that regard, we propose taking a closer look at how a digital economy is defined and how it should function ideally.
The plan to create a “digital economy” implies the passing of 10 new bills by the Ministry of Information and Communication Technology which was approved by the Thai Cabinet at the end of January 2015.
In layman’s terms, a digital economy refers to an economy that is based on digital technologies and the internet with the aim of creating “smarter cities”. The distinction between a “traditional” economy and a “digital” economy has in recent times been difficult to distinguish given the use of technology becoming commonplace in today’s world.
The bills are intended to be ratified into Thai law before the end of 2015. The package includes, among others, the National Digital Committee for Economy and Society Bill, Ministry of Digital for Economy and Society Bill, Electronic Transaction Bill (amendment), Computer Crimes Bill (amendment), Cybersecurity Bill, Personal Data Protection Bill and the Broadcasting and Telecommunication Regulator Bill (amendment).
Thailand has not been the only country to propose the promotion of a digital economy; South Korea famously launched a similar initiative to create a “smart city” which brought together the world’s top technologies, building design and eco-friendly practices with the aim of creating a “smarter city”. Similarly, France in 2010 demonstrated its commitment to expand its digital economy by investing € 4.5 billion in the sector as part of the “National Investment Program”. France since 2010 has been successful in attracting the world’s top digital companies such as Google and Intel to set up operations in the country to help further drive the economy. Prime Minister Prayuth-Chan-Ocha has made the government’s intentions clear in promoting the use of internet in business and governance which has made plans for digitalizing the economy a key initiative his regime. The plans call for the creation of a national broadband network, a digital gateway and an integrated data center to facilitate public access to state services and information. By implementing a digital economy successful the Thai government aims to equip Thailand with a highly effective telecommunications infrastructure over the course of the next two years with the aim of having each household connected with a fiber-optic telecommunication system and a competitive 4G network for mobiles. Effective implementation of the initiative would make Thailand rival Singapore as an internet and telecommunications hubs whilst competing with the island nation for the center of ASEAN.
The package, which was initially drafted by the Electronic Transactions Development Agency (“ETDA”), have since its unveiling been subject to much criticism from the public and legal academics so much so that the Forging Thailand’s Digital Economy 2 of 2 ETDA has reconsidered their position and admitted that the package would need to be revised to address the public’s concerns. The main concerns surrounding the fact that the bills predominantly address cycbersecurity rather than promote the digital economy. The cybersecurity aspects of the bill allow for an abuse of power by granting enormous leeway to governmental officials to access the private information of businesses and the public without their knowledge or permission. The proposed bills contemplate the creation of the National Cybersecurity Agency (“NCSA”) to be the agency in charge of enforcing the proposed laws. As currently proposed the NCSA is to consist of officials from the Defense Ministry, the Technology Crime Suppression Division and the Contemplated Digital Economy Ministry. Critics have stated that the model proposed for the NCSA represents a deviation from successful digital economy models seen overseas; generally, an independent agency is usually appointed for overseeing personal data protection laws who ensure that a balance of citizen’s rights and the governments authority is maintained. Legal academics have since proposed that due to any absence of such an independent agency, the NCSA should also comprise of officials from the National
Human Rights Commission and the Office of the Ombudsman. Laws relating to cybersecurity are certainly not a new concept and have existed in many developed countries for some time now. In each country a healthy debate is sparked on maintaining a divide from what is publically accessible and what is private and confidential. In the UK and United States for example, authorities require inspecting officers to apply for a court order before requesting materials from suspected persons. Many critics of the cybersecurity have stated that similar sanctions should apply to the Thai bill and the court orders should specifically limit the period in which information may be accessed by the authorities. A similar bill is presently being proposed in the United States with President Obama lobbying legislation which would force businesses to share more information about hacking and cyber-attacks. Instead of attempting to force the bills through, Mr. Obama has invited businesses, academics and public commentators to publically criticize the bill and set up channels to address their concerns. The Thai government should similarly allow the public to scrutinize the bills in the same way it had done for the proposed amendments to the Foreign Business Act at the end of 2014 and its investment promotion strategy which had called for a meeting of the international business community and local businesses to allow them each to raise their concerns. Taking a step back to look at the bigger picture without bearing in mind the scrutiny attracted by the bills, the 10 proposed bills represent a good start in the creation of a digital economy, a concept which prior to the 22 May coup d’état had not been proposed by any government. The package represents a big step forward in “upgrading” Thailand and is an initiative which would be strongly supported by the private sector provided that Thailand can follow a model which keeps in the mind the rule of law and balances the use of power by authorities whilst still respecting the private rights of citizens. Author: Kunal Sachdev, Adviser – firstname.lastname@example.org
ISB Grade 2 - 1966
International School Bangkok Bringing out the passion in each of us since 1951. www.isb.ac.th
April - May - June 2015
By Bumrungrad International Hospital
What can people do if they have this condition, known as Irritable Bowel Syndrome?
Irritable Bowel Syndrome (IBS) is a disease frequently diagnosed as the culprit of many patients’ digestive problems. But, not surprisingly, these patients often misunderstand its symptoms, which are similar to other diseases, such as various stomach disorders, constipation and diarrhea. Dr. Suriya Chakkapak, a surgeon who specializes in Gastroenterology and Hepatology at Bumrungrad International Hospital, to help you better understand the Irritable Bowel Syndrome. What is irritable bowel syndrome? IBS is a group of symptoms occurring from bowel dysfunction, but in which no physical bowel disorder (tumor, cancer, inflammation, or other conditions, etc.) could be identified as the cause, Dr. Suriya explains. IBS patients’ main symptom is chronic stomachache and abdominal pain, on and off for a period of over six months, in conjunction with bowel habit disorders. “Most IBS patients present with abdominal discomfort – particularly pain in the lower abdomen, either on the left or right side – along with constipation or diarrhea symptoms,” Dr. Suriya says. “In some cases the patient has loose stools
or diarrhea continuously for many days, which adds to his or her discomfort and anxiety. But a patient with IBS-related constipation or bound belly experiences symptoms differently than from general digestive problems. For example, a patient with a general disorder will have abdominal pain or dis-comfort simultaneo usly. Change your behaviors; it helps IBS is not a life-threatening disease nor is it a signal of cancer. Patients with IBS can enjoy long lives, but enduring these onand-off aliments results in poorer quality of life. Because the symptoms cannot be completely cured, most IBS sufferers are in a state of ongoing stress worrying that they have a more serious disease. In practical terms, for example, IBS-related diarrhea interferes with patient’s daily lives because they have to go to the restroom so often. “The best method to cope with IBS is to not think that it’s a dangerous disease,” Dr. Suriya says. “The more stress you have, the worse the symptoms get. Along with treatments doctors prescribe to relieve symptoms patients should adjust their behaviors in order to lessen symptoms and reduce the frequency of IBS-related events,” Dr. Suriya concludes. Irritable Bowel Syndrome requires time to cure. Knowing and understanding this disease helps people have a better quality of life.
“How can I avoid IBS?” IBS results in poor quality of life for the 10 percent of people that suffer from it, from youngsters to adults, particularly, those of working age that live in urban areas. If you wish to avoid chronic ailments caused by IBS, follow this simple and common sense advice: 1. Treat yourself well and stay in good health by regularly taking exercise to build up your immunity against disease. 2. Avoid situations that cause stress. 3. Eat breakfast daily because that is the time when the colon functions best. Half an hour after finishing breakfast, take a walk to aid digestion until you feel the need to go to the restroom. This method will help the excretion cycle to return to normal. 4. When you have to go, go! The urge to have a bowel movement lasts for only two minutes, usually. If you hold your bowel movement for too long the urge passes and the stool in your bowel becomes solid as the intestine absorbs its water content, which causes constipation. 5. Eat a variety of all five food groups in proper quantities, especially fibrous foods, such as vegetables and fruits, which help in the elimination process.
Tilleke & Gibbins Named “Firm of the Year” for Asia and Vietnam by Managing IP Magazine Tilleke & Gibbins was honored to be named Firm of the Year 2015 for Asia and Firm of the Year 2015 for Vietnam at the 10th annual Managing IP Global Awards, held in London on March 11. The awards are selected by researchers and editors from Managing Intellectual Property magazine, a renowned IP-focused publication, based on client feedback and extensive market research. The Firm of the Year for Asia award recognizes Tilleke & Gibbins as the top intellectual property practice in all of Asia in 2015. All domestic and international IP firms across Asia were considered for this highly prestigious award. In Vietnam, this marks the second consecutive year—and the third time in four years—that the firm has been named IP Firm of the Year. “Being named the top IP firm in Asia is a tremendous honor for all of us at Tilleke & Gibbins, and we are grateful to our clients for entrusting us to partner with them to protect, enforce, and commercialize their IP rights in Southeast Asia and beyond,” said Darani Vachanavuttivong, Co-Managing Partner and Managing Director of the firm’s intellectual property team. “When we opened our new offices in Indonesia, Myanmar, and Laos in late 2013, it was with the aim of increasing our capabilities and client services beyond our core jurisdictions of Thailand and Vietnam. This award is evidence of our strong regional presence, as well as the growing importance of ASEAN for many IP owners.”
From left to right; David Lyman, Chairman & Chief Values Officer. Tiziana Sucharitkul, Co-Managing Partner and Director, Dispute Resolution. Thomas J. Treutler, Partner and Managing Director, Vietnam Offices
Tiny Tigers Playgroup
at Bangkok Patana School
Now Roaring for Longer!
Due to popular demand, Tiny Tigers playgroup will now run five days a week from Monday 20th April 2015. Run by our specialist Early Years teachers, offering access to our wonderful Foundation Stage environment and learning, Tiny Tigers welcomes accompanied children between one and three years of age. For more information and to join the fun, please email us at email@example.com or call on 02 785 2205
Monday to Friday 8.00am until 10.30am Ba n gk o k P a t ana S c hool
6 4 3 L a sa l l e Ro a d (Su k hu m vit 105)
BT S s t a t i o n : Ba n gn a or B e a ring www.pa ta na . ac . th a dm i s si o n s@ pata na . ac . th
Voyageur is a publication of the Thai-Canadian Chamber of Commerce designed to promote Thai-Canadian business interests and profile Chamber...
Published on Apr 1, 2015
Voyageur is a publication of the Thai-Canadian Chamber of Commerce designed to promote Thai-Canadian business interests and profile Chamber...