Three Thai notable families – Chearavanont, Chirathivat and Yoovidhya – are included in the Asia’s 50 richest families of 2017 list published by Forbes magazine.
The Chearavanont family, whose CP group is Thailand’s largest private company, takes fourth with a net worth of US$36.6 billion, up nearly $9 billion to its wealth listed last year, partly due to a surge in the value of its holding in Chinese insurer Ping An.
The magazine said the group is led by Dhanin Chearavanont, who is senior chairman and shares the fortune with his three brothers and other relatives. After 48 years as chairman and CEO, Mr Dhanin in January named his eldest son Soopakij as CP’s chairman and his youngest son Suphachai as CEO.
Chirathivat family which controls the Central Group, was ranked No.10 with the total wealth of copy9.3 billion.
The Yoovidhya family, of Red Bull energy drink fame, is a newcomer to the list this year, in position 22, with total wealth of copy3.1 billion.
No family highlights this surge better than the Ambanis of India, this year’s biggest gainer in dollar and percentage terms. Their net worth rose by $19 billion, to $44.8 billion, superseding the Lees of the Samsung empire to claim the No. 1 spot. That perch was always occupied by the South Korean family, which still saw its wealth swell by $11.2 billion. Shares in Mukesh Ambani’s conglomerate Reliance Industries soared, due to improved refining margins and the demand produced by its telecom arm, Reliance Jio, which notched up 140 million subscribers since it launched in 2016.
Hong Kong’s Kwok family ranks No.3 this year with a net wealth of $40.4 billion. They are Asia’s richest real estate family, controlling Sun Hung Kai Properties.
The collective wealth of Asia’s 50 richest families, according to Forbes, is a record $699 billion, up 35% from last year.
For the third time, India enjoys the biggest presence on the list, with 18 families. Hong Kong follows with nine.
To qualify, all families must be rooted in Asia and have at least three generations involved in building the family fortune.
Source: Bangkok Post
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The first-ever Thai Festival at Lan Kwai Fong, Hong Kong, Sansiri will transform the famous street with the festive Thai spirit. This extravagant event under the concept of ultimate festive Thai spirit & premium lifestyle will offer the sophistication of the most modern and hippest Thai shopping, tasting, cultural experience and luxury residential living in the Thonglo-Ekamai district in the busy heart of Lan Kwai Fong to fulfill your holiday wish lists.
Golden Emperor invites you and your friends to join this great carnival, feel the Thai atmosphere in Hong Kong, Sansiri members can enjoy special offers during this event, don’t miss the chance, RSVP now!
Thai Festival By Sansiri at Lan Kwai Fong
Date: 2 – 3 Dec 2017 (Sat & Sun)
Time: 1pm until late
Venue: Lan Kwai Fong, Central, Hong Kong (Central MTR station, Exit D2)
FREE admission – All Sansiri Family Members can enjoy special offers, please RSVP!
Stunning Thai performances
Pop-up floating market of Thailand’s favourite dishes
For the first time, experience a pop-up Thai floating market, one of Thailand’s most distinctive cultural traditions right here in Lan Kwai Fong, Hong Kong! Savour Thailand’s favourite floating market menus which were originally served from boats that traversed Bangkok’s canals.
“Chok dee” Thailand’s must-have items concept store
Shop Thailand’s most sought-after goodies in one awesome concept store – From Bangkok’s top designer Jeep Kongdechakul’s hand-painted ceramic plates to the world-renown tea Cha Tra Mue, it’s a unique gift-shop for Thai-lovers.
Other Interesting Booths
- Harnn – First pop-up store of Harnn in Hong Kong – Thailand’s leading natural skincare and home spa product
- King Power – Thailand’s leading travel retailer providing the best travel-related businesses and services world wide
- Singha – Authentic Thai Beer
Don’t miss out and See you at LKF!
Past Carnival Held by Sansiri
Songkran Fest in Hong Kong (April 2017)
Sansiri Market Festvial in Bangkok (January 2017)
Thailand’s economy expanded by the most in 4.5 years in July-September on an annual basis, though the quarterly pace slowed, indicating monetary policy will likely remain loose to support still-sluggish domestic demand.
Exports and tourism have lifted growth for Southeast Asia’s second largest economy this year, though it still lags that of peers. The Thai rate has reflected soft domestic demand and delays in the start of big infrastructure projects.
On an annual basis, the economy expanded 4.3% in the third quarter, the best pace for any period since the first quarter of 2013. That number beat the Reuters poll median of 3.8% and was also above its highest forecast. In April-June, annual growth was a revised 3.8%.
On a quarterly basis, Thailand’s gross domestic product (GDP) grew a seasonally adjusted 1.0% in the July-September quarter, the National Economic and Social Development Board (NESDB) said on Monday.
That was faster than the 0.75% forecast in the Reuters poll. Growth for April-June was revised up to 1.4% from 1.3%.
Capital Economics said it expects the Thai economy “to remain in good health” and exports “should continue to do well”.
The planning agency revised its 2017 economic growth forecast to 3.9% from 3.5-4.0% projected earlier, with exports up 8.6%. It predicts 2018 economic growth at 3.6-4.6%, with exports rising 5.0%.
Despite the baht being at its strongest in more than two years, Thailand’s exports have recovered in 2017, benefiting from a strong tech cycle. Exports in the third quarter jumped 12.5% from a year earlier.
Shipments rose just 0.5% in 2016 after three years of contraction
The central bank has left its benchmark interest rate unchanged at 1.50% since April 2015. It next reviews policy on Dec. 20, at the year’s final meeting.
Most economists expect no policy change well into 2018, as inflation is benign.
source: Bangkok Post
Golden Emperor collaborated with National Arts and held the Charity Movie Night yesterday. Through enjoying “Our Days in 6E,” nominated for two awards at the Profima International Film Fest & Awards, we would like to raise public awareness of ethnic minorities and social integration in Hong Kong. We were honored to have casting members Ms. Lemon Yip and Mr. Brian Yuen joined us to extend our gratitude to everyone’s generous participation.
Proceeds from the Charity Movie Night, after cost deduction, will be donated by National Arts to charities targeting social harmony. The event was very well received with tremendous support and we wholeheartedly thank for every participant’s selfless benevolence.
The Land Transport Department will launch a smartphone app in the middle of next month to make it more convenient for passengers to call taxis, a spokeswoman for the National Council for Peace and Order said on Monday.
Colonel Sirichan Ngathong, deputy spokeswoman of the NCPO, said the launch of the Taxi OK app is part of the reform of public transportation administration under the fifth national administration reform steering committee.
Sirichan was speaking to reporters after the panel, which is chaired by Deputy Prime Minister and Defence Minister General Prawit Wongsuwan, held its meeting at Government House on Monday morning.
Sirichan said about 10,000 taxis would join the Taxi OK programme and passengers would be able to call them conveniently with the app. Bangkok taxis have been notorious for rejecting passengers, allowing taxi-hailing apps such as Grab and Uber to become popular.
Under the “Taxi Ok-Taxi VIP” project, Thailand is scrambling to raise the standard and credibility of its taxi drivers, who are known for endless misbehavior from rejecting and overcharging passengers to threatening and sexually assaulting them.
Drivers who want to participate in the “Taxi Ok” project must not have criminal records, and their taxis must not be older than two years and be registered as public transportation. Once accepted, they must install a GPS tracking device in their car, CCTV camera, and an emergency button that will send a signal from the passenger to the app center.
For “Taxi VIP,” riders are promised more premium service than normal taxis, but it is unclear exactly what the services are aside from the safety measures above.
Ekkachai Sumalee, director of the school’s Smart Cities Research Centre within the Engineering
Faculty, said the app was a joint project with Burapha University’s Faculty of Logistics.
He said Taxi OK could be used along with other devices installed in cabs to increase both driver and passenger safety.
There are seven components in the proposed system, he said, involving the taking of photos, identifying locations, summoning the taxi, monitoring driver behaviour, lodging complaints, an emergency alert button, and assessing both the driver and privately run taxi-information centres.
Users would be able to summon a taxi from any affiliated service and lodge complaints with authorities, Ekkachai said.
Once a cab is in use, its movements and other information would be automatically shared with a supervising information centre run by the private sector and the Land Transport Department’s own taxi centre. Location, speed, engine performance, driver identification, meter fare and booking information would all be recorded.