IMPACT Exhibition Management Co., Ltd., which manages and operates IMPACT Exhibition and Convention Center, Muang Thong Thani, has announced the plan to become one of the top five MICE venues in Asia within five years through the corporate rebranding and the “Partnership for Success” strategy.
Mr. Paul Kanjanapas, Managing Director of IMPACT Exhibition Management Co., Ltd., said that the company aims to raise the recognition of IMPACT from an exhibition and convention space provider to a one-stop-service MICE venue with complete offerings from exhibition and convention spaces and consultancy services to travel agency services and accommodation.
Under our Partnership for Success formula, IMPACT has created a new brand recognition that centered on the success of customers, comprising four key branding: 1) Proficient Partner; 2) Passionate Professional; 3) Progressive Platform and 4) Personalized Solution.
To ensure consistency high standard services and the true understanding of the Partnership for Success motto, the company has constantly invested in training and re-training human resources. An Employee Relationship Management has been established and a number of selected outstanding employees have been appointed as Partnership for Success Ambassador to encourage teamwork and forge stronger co-operation within the organization.
IMPACT has also been continuously investing and developing products. Between 2009 and 2011, the company will be spending over 2,150 million baht developing new facility and installing new technology. About 2,000 million baht will be invested on building a four-star, 381-room IMPACT Hotel while 100 million baht has been spent on installing Cark Parking Intelligence System, 10 million baht on close-circuit surveillance camera for security and safety purpose and 40 million baht on 10 thermo-scanners.
Mr. Paul said that the Partnership for Success formula, the constant training of human resources and the continued investment on facility will enable IMPACT to become the perfect one-stop-service MICE solution for customer.
“IMPACT is now Thailand’s largest exhibition and convention venue complete with a wide array of food and beverages outlets. We can offer travel and entertainment booking services through our sister company Total Reservations, and we are 18 months away from opening an international standard hotel. All these elements, of course, will allow IMPACT to reach our objective of becoming Thailand’s top MICE venue and one of Asia’s top 5 MICE venues within 5 years,” Mr. Paul concluded.
Sunday, February 7, 2010
Thursday, January 21, 2010
Siam Discovery unveils a Grand “Rediscovery” Plan Presenting over 1 billion baht - Three World-Class Magnets
Siam Piwat Company Limited, the owner of Siam Center and Siam Discovery, reveals a major renovation of Siam Discovery. Giving renewed vigor to its exceptional mix of new discoveries and true to its rank as “The Ultimate Lifestyle & Entertainment Shopping Complex,” Siam Discovery welcomes the world’s leading visitor attractions operator Merlin Entertainments to open “Madame Tussauds Bangkok”, the first of the famous and iconic wax figure tourist attractions in Southeast Asia. Merlin Entertainments is expected to make a total investment of over Baht 500 million (US$15m) on the 3,000 square meter attraction. Adding to the mix of new anchor tenants are “Ice Planet”, the state-of the-art ice-skating facility worth over Baht 180 million and a 1,500 square meter premium multi-purpose exhibition hall worth over Baht 50 million. In warming its welcome to these 3 new magnets, Siam Piwat is devoting another Baht 300 million to make over both inside and out, including in particular a façade destined to be an architectural landmark of Bangkok and introducing Thailand to its first application of ETFE, an advanced engineering phenomenon in construction materials. Renovation works is scheduled to start in March and is due for completion by October 2010.
Mrs. Chadatip Chutrakul, CEO of Siam Piwat reveals : “Siam Discovery was the first and the original lifestyle shopping & entertainment complex in Thailand. When it opened in 1997, the shopping complex offered a fresh mix of retail and services unrivalled with other shopping centers, encompassing a variety of exceptionally cutting-edge and unique brands both Thai and international which were not offered in the other shopping centers. Siam Discovery indulged the new generation of sophisticated urbanites with a strong streak of individuality and right from the start, Siam Discovery has always maintained its positioning as one of Bangkok’s most popular shopping destinations for locals and tourists alike.”
“Siam Discovery’s policy has always aimed to offer its customers the latest global trends and introduce them to new remarkable discoveries, whether in retail, lifestyle or entertainment. The Company therefore has been planning since the beginning of 2009 to give Siam Discovery a major renovation in order to be completed when the global economy is showing positive signs. Our plan includes not only the exterior façade and interior but also the signing of 3 new anchor tenants on floors 6-8 of Siam Discovery. The 3 World Class Magnets cover a total floor area of more than 8,000 square meters, establishing itself as a world-class entertainment destination,” added Mrs. Chadatip.
Siam Discovery presents 3 one-of-a-kind world-class magnets
Siam Discovery’s grand renovation includes the installation of three world-class magnet enterprises on its 6th to 8th floors, namely:
1. Madame Tussauds Bangkok, the original famous wax works tourist attraction debut in Southeast Asia
Merlin Entertainments, the world’s second largest visitor attraction operator, is investing Baht 500-million (US$15m) to create “Madame Tussauds Bangkok” on the 6th – 7th floors of Siam Discovery, covering an area over 3,000 sq.m. This will be the tenth Madame Tussauds in the world and the third in Asia, after Shanghai and Hong Kong. The ultimate celebrity experience and unlike any other tourist attraction with its amazingly lifelike wax figures displayed in a highly entertaining interactive style, Madame Tussauds Bangkok is expected to be the hottest new place to visit in the City. Most importantly, with no bars, ropes or barriers around the figures visitors will really feel like they are standing beside, or being photographed with their heroes.
The accent at “Madame Tussauds Bangkok” is on contemporary elegance, fun and inter-active entertainment for every visitor. At any given time it will house over 70 wax figures of international celebrities, from HRH Queen Elizabeth II, Barack Obama and Beyonce Knowles, along with such famous Thai figures such as Pancake - Khemanit Jamikorn and Sombat Metanee Building will start in March and Madame Tussauds Bangkok is expected to open in September 2010.
Mrs. Chadatip says : “We are absolutely thrilled to have been selected by a multi-national company such as Merlin Entertainments for this very considerable foreign investment which will bring over Baht 500 million to Thailand. The venture will also enable more Thais to find employment with real prospects, and significantly contribute to the country’s economic growth and tourism development. Not least, it will help ease liquidity in the Thai economy and reinforce the strength of Bangkok as a tourist destination and as well as the confidence in our country among foreign investors.”
Merlin Entertainments Midway Managing Director Glenn Earlam said: “We are delighted to be opening a Madame Tussauds in Bangkok which is such an exciting and vibrant location which gives us so much scope to create what I believe will be one of our best attractions ever. It will be a unique place, in a unique City.’
2. Ice Planet - the World Class Olympic standard & biggest rink in downtown Bangkok
Mr. Steven (Tanakorn) Kalayanamit, CEO of Ice Planet (Thailand) Company Limited reveals: “Our company has decided to invest over Baht 180 million in building a 2,000-sq.m. ice skating rink in the heart of Bangkok on the 8th floor of Siam Discovery with the goal of elevating the sport of ice skating in Thailand to international standards. This state-of-the-art rink will incorporate an array of cutting-edge technologies, including producing ice to the exacting Olympic standards, making the rink suitable for international competitions. We also plan to open Thailand’s first figure skating academy staffed by professional coaches from the USA, including a team member of the world famous “Disney On Ice”. Moreover, Ice Planet will coordinate with international and regional organizations and associations to quickly establish itself as the venue for international figure skating competitions and major tournaments.”
“In addition to its unsurpassed quality, Ice Planet is fantastically designed. Among its standout features are the way it modernizes Ice Skating. It will give a new experience to Ice Skating whether you are new or experienced with Ice Skating. The rink can also be transformed into a venue for hip events and cool parties.”
“Ice skating is making a great comeback in popularity all over the world these days, especially among youngsters who love the physical challenge and where they can also be expressive of their skills and imagination. Ice Planet target demographics extends from youngsters to career individuals seeking after work exercise and relaxation, and primarily family crowds to enjoy quality fun time with loved ones. Construction will begin in April this year and Ice Planet is expected to open in October 2010, just in time for the Thai mid-year semester break. We expect it to serve 1,000 ice-skaters on weekdays and 2,000 on weekends.”
3. Multi-Purpose Hall: the exclusive, premium venue in the heart of Bangkok
Another high-impact feature of the renovation of Siam Discovery is the Baht 50 million multi-purpose exhibition hall by Siam Piwat’s own investment covering a floor space of 1,500 square meters on floor 7th which will be managed by Royal Paragon Enterprise Company Limited.
Mr. Arun Teng, General Manager of Royal Paragon Enterprise Company Limited, explains: “The new Multi-purpose Hall aims to fill a gap in downtown Bangkok MICE facilities while also offering a different kind of venue for various functions. Event organizers are always looking for new spaces with fresh concepts and that’s where this Multi-purpose Hall comes in. Our target is organizers seeking to stage events with a unique style, combined with just the right amount of space, excellent functionality, design and all at a prime central location with excellent transportation links.”
“The design of the hall is sleek and stylish with a grand foyer and large windows accented by anelement of natural light during the day and stunning city views by night. The facility also features an outdoor terrace, allowing the venue to cater for events indoor and outdoor simultaneously.”
“Our prime targets are mostly organizers of lifestyle events such as fashion shows, art exhibitions, premium product launches, press conferences, international seminars & conferences, exclusive concerts and meet-and-greet activities with local and international artists.”
“From the success of Royal Paragon Hall, Siam Discovery’s Multi-purpose Hall will be managed and operated by the same team whose experience and growth continues to prosper to new heights. The new exhibition facility on 6A at Siam Discovery will be positioned as an exclusive venue and is expected to be ready for service in October 2010.”
Besides the thrill of three such promising new world-class anchor tenants, Siam Discovery is also adding to its star-studded retail mix in the manner of business as usual. Raising the share of F&B outlets to 20% to cater to the needs of the expected surge of heavy traffic of tourists and family target groups, Siam Discovery will be welcoming the first free-standing Marc by Marc Jacobs in Bangkok, the one and only flagship store. And last but not least, Loft the speciality store from Japan too is announcing an expansion plan and revealing a new total floor area of 2,000 square meters. The new Loft store is set to occupy floors 4 & 5 of Siam Discovery.
“Rediscovering” Siam Discovery as the new landmark on Bangkok’s ultimate shopping street.
Siam Piwat will be spending as much as Baht 300 million on the changes and decoration of the interior and the new façade feature, designs of which will be developed to strengthen Siam Discovery’s refreshed positioning and that of the new world-class anchor magnet. The 6th – 8th floors of Siam Discovery, measuring 8,000 square meters, will be revamped under the personal supervision of Mr. Duangrit Bunnag, Managing Director of Duangrit Boonnag Architects Limited.
At street level, the shopping center will be featuring a magnificent 8-floor installation of Thailand’s first ETFE-clad façade designed by Design 103 International Company Limited. ETFE is a material originally developed for use in the space industry by a German company “Vector Foiltec.” The plastic-like material does not degrade under Ultra-Violet light or atmospheric pollution, and at the same time, is anti-adhesive which means that it is self-cleaning under the action of rain. Architecturally, the material is outstanding for being unusually light-weight and has the exceptional light transmission properties, allowing designers to optimize the aesthetic and environmental performance of the building, creating structures of unusual lightness and elegance. Leading architects and engineers around the world have adopted ETFE as the choice for high profile mega projects ranging from the Olympic venue Beijing Water Cube to public spaces such as the Alliance Arena in Munich, Germany, to the BMW Welt. As the first application of ETFE in Thailand, Design 103’s piece is a sophisticated abstract of adjoining prism shapes equipped with a changing LED lighting embedded each structure enabling the structure to shift into a glowing wondrous landmark at night. With this new modern take to the façade, Siam Discovery is declaring itself as the new and brilliant Landmark of Bangkok in the heart of Thailand’s ultimate shopping destination.
Siam Discovery targets worldwide tourists and expands its customer base among Thai families
With its powerful combination of world class attractions, flagship stores and complete range of services, Siam Discovery is confident that it will be able to attract shoppers of all demographics and increase its customer base, particularly international tourists seeking to experience the celebrity of Madame Tussauds Bangkok, A-B family consumers seeking fashion and lifestyle brands, and youngsters seeking a fun time on ice.
Once the physical renovation is completed and the leasing plan materializes as planned, Siam Discovery is expecting a rise in footfall through the Shopping Complex by 20,000 or a 25% increase, comprised of 60% Thais and 40% foreign customers.
“This Grand renovation of Siam Discovery due to be completed in October 2010, will endorse Siam Discovery as the ultimate location allianced by World Class retail and Entertainment operators to propel Thailand’s economy towards higher level of prominence in Asia and the world,” concluded Mrs. Chadatip.
Mrs. Chadatip Chutrakul, CEO of Siam Piwat reveals : “Siam Discovery was the first and the original lifestyle shopping & entertainment complex in Thailand. When it opened in 1997, the shopping complex offered a fresh mix of retail and services unrivalled with other shopping centers, encompassing a variety of exceptionally cutting-edge and unique brands both Thai and international which were not offered in the other shopping centers. Siam Discovery indulged the new generation of sophisticated urbanites with a strong streak of individuality and right from the start, Siam Discovery has always maintained its positioning as one of Bangkok’s most popular shopping destinations for locals and tourists alike.”
“Siam Discovery’s policy has always aimed to offer its customers the latest global trends and introduce them to new remarkable discoveries, whether in retail, lifestyle or entertainment. The Company therefore has been planning since the beginning of 2009 to give Siam Discovery a major renovation in order to be completed when the global economy is showing positive signs. Our plan includes not only the exterior façade and interior but also the signing of 3 new anchor tenants on floors 6-8 of Siam Discovery. The 3 World Class Magnets cover a total floor area of more than 8,000 square meters, establishing itself as a world-class entertainment destination,” added Mrs. Chadatip.
Siam Discovery presents 3 one-of-a-kind world-class magnets
Siam Discovery’s grand renovation includes the installation of three world-class magnet enterprises on its 6th to 8th floors, namely:
1. Madame Tussauds Bangkok, the original famous wax works tourist attraction debut in Southeast Asia
Merlin Entertainments, the world’s second largest visitor attraction operator, is investing Baht 500-million (US$15m) to create “Madame Tussauds Bangkok” on the 6th – 7th floors of Siam Discovery, covering an area over 3,000 sq.m. This will be the tenth Madame Tussauds in the world and the third in Asia, after Shanghai and Hong Kong. The ultimate celebrity experience and unlike any other tourist attraction with its amazingly lifelike wax figures displayed in a highly entertaining interactive style, Madame Tussauds Bangkok is expected to be the hottest new place to visit in the City. Most importantly, with no bars, ropes or barriers around the figures visitors will really feel like they are standing beside, or being photographed with their heroes.
The accent at “Madame Tussauds Bangkok” is on contemporary elegance, fun and inter-active entertainment for every visitor. At any given time it will house over 70 wax figures of international celebrities, from HRH Queen Elizabeth II, Barack Obama and Beyonce Knowles, along with such famous Thai figures such as Pancake - Khemanit Jamikorn and Sombat Metanee Building will start in March and Madame Tussauds Bangkok is expected to open in September 2010.
Mrs. Chadatip says : “We are absolutely thrilled to have been selected by a multi-national company such as Merlin Entertainments for this very considerable foreign investment which will bring over Baht 500 million to Thailand. The venture will also enable more Thais to find employment with real prospects, and significantly contribute to the country’s economic growth and tourism development. Not least, it will help ease liquidity in the Thai economy and reinforce the strength of Bangkok as a tourist destination and as well as the confidence in our country among foreign investors.”
Merlin Entertainments Midway Managing Director Glenn Earlam said: “We are delighted to be opening a Madame Tussauds in Bangkok which is such an exciting and vibrant location which gives us so much scope to create what I believe will be one of our best attractions ever. It will be a unique place, in a unique City.’
2. Ice Planet - the World Class Olympic standard & biggest rink in downtown Bangkok
Mr. Steven (Tanakorn) Kalayanamit, CEO of Ice Planet (Thailand) Company Limited reveals: “Our company has decided to invest over Baht 180 million in building a 2,000-sq.m. ice skating rink in the heart of Bangkok on the 8th floor of Siam Discovery with the goal of elevating the sport of ice skating in Thailand to international standards. This state-of-the-art rink will incorporate an array of cutting-edge technologies, including producing ice to the exacting Olympic standards, making the rink suitable for international competitions. We also plan to open Thailand’s first figure skating academy staffed by professional coaches from the USA, including a team member of the world famous “Disney On Ice”. Moreover, Ice Planet will coordinate with international and regional organizations and associations to quickly establish itself as the venue for international figure skating competitions and major tournaments.”
“In addition to its unsurpassed quality, Ice Planet is fantastically designed. Among its standout features are the way it modernizes Ice Skating. It will give a new experience to Ice Skating whether you are new or experienced with Ice Skating. The rink can also be transformed into a venue for hip events and cool parties.”
“Ice skating is making a great comeback in popularity all over the world these days, especially among youngsters who love the physical challenge and where they can also be expressive of their skills and imagination. Ice Planet target demographics extends from youngsters to career individuals seeking after work exercise and relaxation, and primarily family crowds to enjoy quality fun time with loved ones. Construction will begin in April this year and Ice Planet is expected to open in October 2010, just in time for the Thai mid-year semester break. We expect it to serve 1,000 ice-skaters on weekdays and 2,000 on weekends.”
3. Multi-Purpose Hall: the exclusive, premium venue in the heart of Bangkok
Another high-impact feature of the renovation of Siam Discovery is the Baht 50 million multi-purpose exhibition hall by Siam Piwat’s own investment covering a floor space of 1,500 square meters on floor 7th which will be managed by Royal Paragon Enterprise Company Limited.
Mr. Arun Teng, General Manager of Royal Paragon Enterprise Company Limited, explains: “The new Multi-purpose Hall aims to fill a gap in downtown Bangkok MICE facilities while also offering a different kind of venue for various functions. Event organizers are always looking for new spaces with fresh concepts and that’s where this Multi-purpose Hall comes in. Our target is organizers seeking to stage events with a unique style, combined with just the right amount of space, excellent functionality, design and all at a prime central location with excellent transportation links.”
“The design of the hall is sleek and stylish with a grand foyer and large windows accented by anelement of natural light during the day and stunning city views by night. The facility also features an outdoor terrace, allowing the venue to cater for events indoor and outdoor simultaneously.”
“Our prime targets are mostly organizers of lifestyle events such as fashion shows, art exhibitions, premium product launches, press conferences, international seminars & conferences, exclusive concerts and meet-and-greet activities with local and international artists.”
“From the success of Royal Paragon Hall, Siam Discovery’s Multi-purpose Hall will be managed and operated by the same team whose experience and growth continues to prosper to new heights. The new exhibition facility on 6A at Siam Discovery will be positioned as an exclusive venue and is expected to be ready for service in October 2010.”
Besides the thrill of three such promising new world-class anchor tenants, Siam Discovery is also adding to its star-studded retail mix in the manner of business as usual. Raising the share of F&B outlets to 20% to cater to the needs of the expected surge of heavy traffic of tourists and family target groups, Siam Discovery will be welcoming the first free-standing Marc by Marc Jacobs in Bangkok, the one and only flagship store. And last but not least, Loft the speciality store from Japan too is announcing an expansion plan and revealing a new total floor area of 2,000 square meters. The new Loft store is set to occupy floors 4 & 5 of Siam Discovery.
“Rediscovering” Siam Discovery as the new landmark on Bangkok’s ultimate shopping street.
Siam Piwat will be spending as much as Baht 300 million on the changes and decoration of the interior and the new façade feature, designs of which will be developed to strengthen Siam Discovery’s refreshed positioning and that of the new world-class anchor magnet. The 6th – 8th floors of Siam Discovery, measuring 8,000 square meters, will be revamped under the personal supervision of Mr. Duangrit Bunnag, Managing Director of Duangrit Boonnag Architects Limited.
At street level, the shopping center will be featuring a magnificent 8-floor installation of Thailand’s first ETFE-clad façade designed by Design 103 International Company Limited. ETFE is a material originally developed for use in the space industry by a German company “Vector Foiltec.” The plastic-like material does not degrade under Ultra-Violet light or atmospheric pollution, and at the same time, is anti-adhesive which means that it is self-cleaning under the action of rain. Architecturally, the material is outstanding for being unusually light-weight and has the exceptional light transmission properties, allowing designers to optimize the aesthetic and environmental performance of the building, creating structures of unusual lightness and elegance. Leading architects and engineers around the world have adopted ETFE as the choice for high profile mega projects ranging from the Olympic venue Beijing Water Cube to public spaces such as the Alliance Arena in Munich, Germany, to the BMW Welt. As the first application of ETFE in Thailand, Design 103’s piece is a sophisticated abstract of adjoining prism shapes equipped with a changing LED lighting embedded each structure enabling the structure to shift into a glowing wondrous landmark at night. With this new modern take to the façade, Siam Discovery is declaring itself as the new and brilliant Landmark of Bangkok in the heart of Thailand’s ultimate shopping destination.
Siam Discovery targets worldwide tourists and expands its customer base among Thai families
With its powerful combination of world class attractions, flagship stores and complete range of services, Siam Discovery is confident that it will be able to attract shoppers of all demographics and increase its customer base, particularly international tourists seeking to experience the celebrity of Madame Tussauds Bangkok, A-B family consumers seeking fashion and lifestyle brands, and youngsters seeking a fun time on ice.
Once the physical renovation is completed and the leasing plan materializes as planned, Siam Discovery is expecting a rise in footfall through the Shopping Complex by 20,000 or a 25% increase, comprised of 60% Thais and 40% foreign customers.
“This Grand renovation of Siam Discovery due to be completed in October 2010, will endorse Siam Discovery as the ultimate location allianced by World Class retail and Entertainment operators to propel Thailand’s economy towards higher level of prominence in Asia and the world,” concluded Mrs. Chadatip.
Sunday, January 17, 2010
Fashion Island accompanies with Toy R Us and Gang Cartoon Channel celebrate Children’s Day
Siam Retail Development Co., Ltd, on behalf of Fashion Island accompanies with Toy R Us and Gang Cartoon Channel celebrates Children’s Day by open Toys World 2010 which runs from January 7 to January 17, 2010. The children will enjoy with various toys from all over the world in the most special price. Moreover, meeting shows from the famous mascots which are Dinosaur King, Kan Kluay, Shelldon, Pororo and Tako.
Mr. Prasert Sriulanpong, director of Siam Retail Development Co., Ltd, said that Fashion Island has alternate the Center Court on first floor to become a “ Toy World ” under the concept of “ Edutainment ” in order to make children enjoy with the toys that improving skills and create imagination.
This event is the first activity of Fashion Island in 2010. It is a new image under concept “ The Joy of Education ” , the center of improving skills with various enjoyable courses. It is the part of “ The Joy of Shopping ”, centre of happiness, comfortable and full services which is the best and fashionable.
Fashion Island cooperate with Toy R Us to reproduce the “ Toy Town ” that collect toys from all over the world by separate into four acknowledgement zones which are Creative and Learning town, Boy Town, Girl Town, Baby Town and the newest zone Children Book & Media Town.
Furthermore, we also receive the cooperation from Rose Media and Entertainment Co., Ltd, Shell Hut Entertainment Co., Ltd, Kantana Group and TIGA Co., Ltd that will bring their mascots to offer the happiness such as Dinosaur King, Kan Kluay, Shelldon, Pororo and Tako , showing alternately though ten days.
Mr. Prasert Sriulanpong, director of Siam Retail Development Co., Ltd, said that Fashion Island has alternate the Center Court on first floor to become a “ Toy World ” under the concept of “ Edutainment ” in order to make children enjoy with the toys that improving skills and create imagination.
This event is the first activity of Fashion Island in 2010. It is a new image under concept “ The Joy of Education ” , the center of improving skills with various enjoyable courses. It is the part of “ The Joy of Shopping ”, centre of happiness, comfortable and full services which is the best and fashionable.
Fashion Island cooperate with Toy R Us to reproduce the “ Toy Town ” that collect toys from all over the world by separate into four acknowledgement zones which are Creative and Learning town, Boy Town, Girl Town, Baby Town and the newest zone Children Book & Media Town.
Furthermore, we also receive the cooperation from Rose Media and Entertainment Co., Ltd, Shell Hut Entertainment Co., Ltd, Kantana Group and TIGA Co., Ltd that will bring their mascots to offer the happiness such as Dinosaur King, Kan Kluay, Shelldon, Pororo and Tako , showing alternately though ten days.
Wednesday, December 16, 2009
The Last Exclusive Nine West Brand Sale of the YEAR! Savings Up to 90% During December 17-26, 2009
GRI Thailand Company, an importer of international leading fashion brands offers ‘The Last Exclusive Nine West Brand Sale of the YEAR!’, giving a good look for less with savings up to 90% off regular price on variety fashion brands by GRI Thailand at Event Hall on 1st floor of Amarin Plaza during December 17-26, 2009.
Shopping for less payment on fashion style both clothing and accessories from variety brands includes Nine West Ready to Wear, EQ: IQ, Karen Millen, AK Anne Klein, Joan & David, Nine West, Francesco Biasia, Sole Alliance, Kathy Van Zeeland, Steve Madden and Enzo Angiolini.
Shopping for less payment on fashion style both clothing and accessories from variety brands includes Nine West Ready to Wear, EQ: IQ, Karen Millen, AK Anne Klein, Joan & David, Nine West, Francesco Biasia, Sole Alliance, Kathy Van Zeeland, Steve Madden and Enzo Angiolini.
Friday, November 20, 2009
Be embowered in ‘The Garden VII’ extravaganza
Our life is blessed with the pleasurable coexistence of floras that paint colors and beauty to the surroundings. They keep us mentally enlivened and also provide the inspiration behind ‘The Garden’ fair to be hosted for the 7th consecutive year by Fashion Island on November 20 - 29 on the first and second floors of the shopping center.
Mr. Prasert Sriuranpong, Executive Director of Siam Retail Development Co., Ltd., the operator of Fashion Island Shopping Center, says: “Fashion Island is playing host to ‘The Garden VII’ fair in collaboration with Nong Nooch Garden & Resort and Air Orchid & Lab under ‘Green World’ concept on November 20 - 29 this year on the first and second floor of the shopping center. The fair highlights the magnificent beauty of ‘Chompoonakarin’, an orchid named by HRH Princess Galyani Vadhana Krom Luang Naradhiwas Rajnagarindra, plus an impressive collection of floras on exhibit. This year, Fashion Island’s Center Court will be turned into an impressively large garden that houses some 3,800 prehistoric cycads and palms of 210 species, and an orchid contest will be held by the Botanical Society of Thailand under Royal Patronage of HM the King. Visitors can expect to wind down amid plants in a relaxing ambience enhanced by pleasing music in the garden, bring home golden teak and auspicious sprouts prepared as giveaway, and learn and experiment with simple garden design and maintenance tips as well as creative decoration of baked clay pots, among other things.”
Splendor of Cycads and Palms
According to Mr. Niroj Chanta, Assistant Operation Manager at Nong Nooch Garden & Resort, cycads and palms are popular garden plants because the unique form of their leaves and trunk. Cycads have tapered, narrow leaves like those of palms. They prefer sunny environment and are easy to rear. Their beautiful leaves make them popular as decorative garden plants alongside foliage and aquatic plants by a garden cascade or fountain. Palms are, on the other hand, distinguished by their unbranched, intermodal segmented stem with the leaves arranged at the top. Their leafstalks are large and long. The leaves of all palms extend from the tip of the leafstalks, but the form of the leaves may vary from species to species. Some of cycads and palms on exhibit at The Garden VII fair are:
Carpoxylon or Valentine Palm is a popular species with trunk that grows to 18 meters tall and 25cm in diameter. It has striking green crownshaft and leafstalks that form pinnate arches of a heart, making it a garden favorite as symbol of eternal love.White Elephant Palm is among rare and pricey palms. It has thornless, all-black leafstalks and leaves that are green on the top side but white on the underside. Its fruit, about the size of a golf ball, is born white and turns orange when ripe. The species is limited to only one method of growth – seeding.Macrozamia is hailed as the most beautiful cycad of Australian origin because of its peculiar appearance with underground stem. Another distinctive feature is the white dots, more than a hundred if counted, seen at the point where the leaves extend from their leafstalk. These leaves are measured up to 2 meters in length when fully grown.Debaoensis is a species that traces its history back 100 million of years ago. It was discovered for the first time in 1997 in a remote Chinese countryside. With a population below 200, debaoensis is on the list of endangered species under conservation program of Chinese Forestry Department.Chamaoensis is the only species whose only known habitat is in Thailand – on Khao Chamao mountain in the eastern province of Chanthaburi. A rare species, the cycad is a much sought-after item among collectors of exotic plants around the world. A conservation effort is currently underway to experiment with breeding and growing this endangered cycad outside its natural habitat.
Don’t miss the chance to admire the beauty and fascination of plants in ‘The Garden VII’ from November 20 until 29 at Center Court, first and second Floors, Fashion Island Shopping Center.
Mr. Prasert Sriuranpong, Executive Director of Siam Retail Development Co., Ltd., the operator of Fashion Island Shopping Center, says: “Fashion Island is playing host to ‘The Garden VII’ fair in collaboration with Nong Nooch Garden & Resort and Air Orchid & Lab under ‘Green World’ concept on November 20 - 29 this year on the first and second floor of the shopping center. The fair highlights the magnificent beauty of ‘Chompoonakarin’, an orchid named by HRH Princess Galyani Vadhana Krom Luang Naradhiwas Rajnagarindra, plus an impressive collection of floras on exhibit. This year, Fashion Island’s Center Court will be turned into an impressively large garden that houses some 3,800 prehistoric cycads and palms of 210 species, and an orchid contest will be held by the Botanical Society of Thailand under Royal Patronage of HM the King. Visitors can expect to wind down amid plants in a relaxing ambience enhanced by pleasing music in the garden, bring home golden teak and auspicious sprouts prepared as giveaway, and learn and experiment with simple garden design and maintenance tips as well as creative decoration of baked clay pots, among other things.”
Splendor of Cycads and Palms
According to Mr. Niroj Chanta, Assistant Operation Manager at Nong Nooch Garden & Resort, cycads and palms are popular garden plants because the unique form of their leaves and trunk. Cycads have tapered, narrow leaves like those of palms. They prefer sunny environment and are easy to rear. Their beautiful leaves make them popular as decorative garden plants alongside foliage and aquatic plants by a garden cascade or fountain. Palms are, on the other hand, distinguished by their unbranched, intermodal segmented stem with the leaves arranged at the top. Their leafstalks are large and long. The leaves of all palms extend from the tip of the leafstalks, but the form of the leaves may vary from species to species. Some of cycads and palms on exhibit at The Garden VII fair are:
Carpoxylon or Valentine Palm is a popular species with trunk that grows to 18 meters tall and 25cm in diameter. It has striking green crownshaft and leafstalks that form pinnate arches of a heart, making it a garden favorite as symbol of eternal love.White Elephant Palm is among rare and pricey palms. It has thornless, all-black leafstalks and leaves that are green on the top side but white on the underside. Its fruit, about the size of a golf ball, is born white and turns orange when ripe. The species is limited to only one method of growth – seeding.Macrozamia is hailed as the most beautiful cycad of Australian origin because of its peculiar appearance with underground stem. Another distinctive feature is the white dots, more than a hundred if counted, seen at the point where the leaves extend from their leafstalk. These leaves are measured up to 2 meters in length when fully grown.Debaoensis is a species that traces its history back 100 million of years ago. It was discovered for the first time in 1997 in a remote Chinese countryside. With a population below 200, debaoensis is on the list of endangered species under conservation program of Chinese Forestry Department.Chamaoensis is the only species whose only known habitat is in Thailand – on Khao Chamao mountain in the eastern province of Chanthaburi. A rare species, the cycad is a much sought-after item among collectors of exotic plants around the world. A conservation effort is currently underway to experiment with breeding and growing this endangered cycad outside its natural habitat.
Don’t miss the chance to admire the beauty and fascination of plants in ‘The Garden VII’ from November 20 until 29 at Center Court, first and second Floors, Fashion Island Shopping Center.
Thursday, November 12, 2009
A new destination for eco-tourists
Chiang Mai last month carved out a new district, its 25th, and then proceeded to unveil plans to develop and turn it into its latest nature and eco-tourist destination.
Named after the late Princess Galyani Vadhana the new district,165 kilometres northwest of the provincial town, has a population of 16,000 spread over 21 villages occupying 700-square-kilometres in tambon Ban Chan, Chaem Luang and Mae Dad, said Chiang Mai Governor Amornphan Nimanan.
The majority of its residents are ethnic Karen, Mong and Lisor hill tribe farmers in employ of royally initiated projects growing vegetable, fruit and other cash crops.
With pleasant weather all year round,the district is also noted for its vast pine forest around Ban Wat Chan, a village perched at an elevation of 1,000 metres above sea level.
An existing art and craft centre, now under renovation, will initially serve as the district office, but a new one will be built on an 80-rai plot in tambon Chaem Luang in due course.
Additionally, there are plans to build a highland sports complex and a herbal study centre for which an allocation of 300 million baht will be sought from the government.
To get to the new district, take Highway 1095(Mae Malai-Pai) from Chiang Mai town and turn left into ChomchaengBan Muang Rae Road. Alternatively, take a public bus plying the Chiang Mai-Wat Chan route. Tourism memo inked
The tourism offices of Xishuangbanna in China's Yunnan Province and Chiang Rai have signed a memorandum of understanding to facilitate the movement of tourists and logistics along the 1,800-km-long R3A highway linking Kunming with Bangkok.
The memorandum signed recently in Chiang Khong district seeks to promote land travel and also calls for low-cost air links between Chiang Rai and Jinghong,the main city of Xishuangbanna, said Chiang Rai Governor Sumeth Saengnimnuan.
Last year some 1.7 million tourists visited Chiang Rai of which 11 per cent were from China. Their number is expected to increase slightly this year. Bird sanctuary
A newly-opened tourist centre at Talay Noi, a wetland home to some 43,000 birds representing 187 species, in Khuan Khanun district of Phattalung comes fully equipped with high-speed Internet as well as tourist information available to visitors both in Thai and English.
October to March is high tourist season in this 285,625 rai wetland area during which migrating birds flee harsh winter in the northern hemisphere to seek refuge around this tropical lake, pulling in avid bird-watchers and nature lovers in droves.
Apart from bird watching, visitors can observe the lifestyle of fishermen inhabiting the wetland and stop by Krajud Rong Fang to watch a group of housewives weaving lepironia mats, baskets and purses. Airport gets a facelift
Some 5.3 million passengers transited through Phuket International Airport last year and their number is expected to increase to 6.5 million by the end of this year.
Preparing for the upcoming high tourist season, the airport is planning to spend 30 million baht to polish up its image and present its best face to the arriving tourists.
According to its Managing Director Pratheung Sornkum, the money will be used to improve road surface around the airport, car park, toilets, passenger terminals and buy two more X-ray security machines.
The airport also plans to expand its passenger capacity to 12.5 million annually by 2013.NokAir tie-up
Low-cost airline Nok Air has joined hands with SF Cinema City to sell air tickets via 13 of the latter's outlets in Bangkok and Phuket.
Nok Air CEO Patee Sarasin said the arrangement would suit those whose lifestyle revolves around cinemas and shopping malls.
The airline is offering 100 baht discount to those who purchase a roundtrip ticket with 5-kg extra baggage allowance on the Phuket route, and 50 per cent discount coupons redeemable at Budget Car Rental.
If the tickets are bought at SF Jungceylon in Phuket or at Central Phuket, buyers get 200 baht discount for a BangkokPhuket round-trip.
The offer is valid until Nov 30. Adventure race
The 4th Yara Bangkok Challenge 2009,part of the Amazing Thailand Adventure Race Series already run in Kanchanaburi,Chiang Mai and Samui Island, kicks off Nov 14 in Nong Chok district of Bangkok.
The event is a test of endurance involving trekking, mountain biking, swimming, and canoeing over a distance of 50 kilometres in which two-man teams compete in a gruelling race that lasts hours depending on physical fitness of the participants. More than 100 teams are expected for the race.
Visit www.ama-events.com for more information. Big field for regatta
The 23rd King's Cup Regatta scheduled Nov 28-Dec 5 off Kata Beach promises a big field with boats from Australia,Britain, China and Russia joining local teams vying for honours at an event that heralds the start of high tourist season in Phuket.
Kevin Whitcraft, president of the organising committee, is hoping some 2,000 high spending international tourists to converge in Phuket for the event which is expected to pump some 40 million baht into the local economy.
For more information, visit www.kingscup.com.
Named after the late Princess Galyani Vadhana the new district,165 kilometres northwest of the provincial town, has a population of 16,000 spread over 21 villages occupying 700-square-kilometres in tambon Ban Chan, Chaem Luang and Mae Dad, said Chiang Mai Governor Amornphan Nimanan.
The majority of its residents are ethnic Karen, Mong and Lisor hill tribe farmers in employ of royally initiated projects growing vegetable, fruit and other cash crops.
With pleasant weather all year round,the district is also noted for its vast pine forest around Ban Wat Chan, a village perched at an elevation of 1,000 metres above sea level.
An existing art and craft centre, now under renovation, will initially serve as the district office, but a new one will be built on an 80-rai plot in tambon Chaem Luang in due course.
Additionally, there are plans to build a highland sports complex and a herbal study centre for which an allocation of 300 million baht will be sought from the government.
To get to the new district, take Highway 1095(Mae Malai-Pai) from Chiang Mai town and turn left into ChomchaengBan Muang Rae Road. Alternatively, take a public bus plying the Chiang Mai-Wat Chan route. Tourism memo inked
The tourism offices of Xishuangbanna in China's Yunnan Province and Chiang Rai have signed a memorandum of understanding to facilitate the movement of tourists and logistics along the 1,800-km-long R3A highway linking Kunming with Bangkok.
The memorandum signed recently in Chiang Khong district seeks to promote land travel and also calls for low-cost air links between Chiang Rai and Jinghong,the main city of Xishuangbanna, said Chiang Rai Governor Sumeth Saengnimnuan.
Last year some 1.7 million tourists visited Chiang Rai of which 11 per cent were from China. Their number is expected to increase slightly this year. Bird sanctuary
A newly-opened tourist centre at Talay Noi, a wetland home to some 43,000 birds representing 187 species, in Khuan Khanun district of Phattalung comes fully equipped with high-speed Internet as well as tourist information available to visitors both in Thai and English.
October to March is high tourist season in this 285,625 rai wetland area during which migrating birds flee harsh winter in the northern hemisphere to seek refuge around this tropical lake, pulling in avid bird-watchers and nature lovers in droves.
Apart from bird watching, visitors can observe the lifestyle of fishermen inhabiting the wetland and stop by Krajud Rong Fang to watch a group of housewives weaving lepironia mats, baskets and purses. Airport gets a facelift
Some 5.3 million passengers transited through Phuket International Airport last year and their number is expected to increase to 6.5 million by the end of this year.
Preparing for the upcoming high tourist season, the airport is planning to spend 30 million baht to polish up its image and present its best face to the arriving tourists.
According to its Managing Director Pratheung Sornkum, the money will be used to improve road surface around the airport, car park, toilets, passenger terminals and buy two more X-ray security machines.
The airport also plans to expand its passenger capacity to 12.5 million annually by 2013.NokAir tie-up
Low-cost airline Nok Air has joined hands with SF Cinema City to sell air tickets via 13 of the latter's outlets in Bangkok and Phuket.
Nok Air CEO Patee Sarasin said the arrangement would suit those whose lifestyle revolves around cinemas and shopping malls.
The airline is offering 100 baht discount to those who purchase a roundtrip ticket with 5-kg extra baggage allowance on the Phuket route, and 50 per cent discount coupons redeemable at Budget Car Rental.
If the tickets are bought at SF Jungceylon in Phuket or at Central Phuket, buyers get 200 baht discount for a BangkokPhuket round-trip.
The offer is valid until Nov 30. Adventure race
The 4th Yara Bangkok Challenge 2009,part of the Amazing Thailand Adventure Race Series already run in Kanchanaburi,Chiang Mai and Samui Island, kicks off Nov 14 in Nong Chok district of Bangkok.
The event is a test of endurance involving trekking, mountain biking, swimming, and canoeing over a distance of 50 kilometres in which two-man teams compete in a gruelling race that lasts hours depending on physical fitness of the participants. More than 100 teams are expected for the race.
Visit www.ama-events.com for more information. Big field for regatta
The 23rd King's Cup Regatta scheduled Nov 28-Dec 5 off Kata Beach promises a big field with boats from Australia,Britain, China and Russia joining local teams vying for honours at an event that heralds the start of high tourist season in Phuket.
Kevin Whitcraft, president of the organising committee, is hoping some 2,000 high spending international tourists to converge in Phuket for the event which is expected to pump some 40 million baht into the local economy.
For more information, visit www.kingscup.com.
Wednesday, November 4, 2009
Magnificent seven
In the most important, most revered event since the invention of the brontosaurus trap,Microsoft shipped the most incredibly fabulous operating system ever made; the release of Windows 7 also spurred a new generation of personal computers of all sizes at prices well below last month's offers.The top reason Windows 7 does not suck: There is no registered website called Windows7Sucks.com
Kindle e-book reader maker Amazon.com and new Nook e-book reader vendor Barnes and Noble got it on; B&N got great reviews for the "Kindle killer"Nook, with dual screens and touch controls so you can "turn" pages, plays MP3s and allows many non-B&N book formats, although not the Kindle one;Amazon then killed the US version of its Kindle in favour of the international one, reduced its price to $260(8,700 baht), same as the Nook; it's not yet clear what you can get in Thailand with a Nook, but you sure can't (yet) get much, relatively speaking, with a Kindle;but here's the biggest difference so far,which Amazon.com has ignored: the Nook lets you lend e-books to any other Nook owner, just as if they were paper books; the borrowed books expire on the borrower's Nook in two weeks.
Phone maker Nokia of Finland announced it is suing iPhone maker Apple of America for being a copycat; lawyers said they figure Nokia can get at least one, probably two per cent (retail) for every iPhone sold by Steve "President for Life" Jobs and crew via the lawsuit,which sure beats working for it -$6 (200 baht) to $12(400 baht) on 30 million phones sold so far, works out to $400 million or 25 percent of the whole Apple empire profits during the last quarter;there were 10 patent thefts, the Finnish executives said, on everything from moving data to security and encryption.
Nokia of Finland announced that it is one month behind on shipping its new flagship N900 phone, the first to run on Linux software; delay of the $750(25,000 baht) phone had absolutely no part in making Nokia so short that it had to sue Apple, slap yourself for such a thought.
Tim Berners-Lee, who created the World Wide Web, said he had one regret:the double slash that follows the "http:"in standard web addresses; he estimated that 14.2 gazillion users have wasted 48.72 bazillion hours typing those two keystrokes, and he's sorry; of course there's no reason to ever type that, since your browser does it for you when you type "www.bangkokpost.com" but Tim needs to admit he made one error in his lifetime.
The International Telecommunication Union of the United Nations, which doesn't sell any phones or services, announced that there should be a mobile phone charger that will work with any phone; now who would ever have thought of that, without a UN body to wind up a major study on the subject?;the GSM Association estimates that 51,000 tonnes of chargers are made each year in order to keep companies able to have their own unique ones.
The Well, Doh Award of the Week was presented at arm's length to the United Nations Conference on Trade and Development; the group's deputy secretary-general Petko Draganov said that developing countries will miss some of the stuff available on the Internet if they don't install more broadband infrastructure; a report that used your tax baht to compile said that quite a few people use mobile phones but companies are more likely to invest in countries with excellent broadband connections; no one ever had thought of this before, right?
Sun Microsystems , as a result of the Oracle takeover, said it will allow 3,000 current workers never to bother coming to work again; Sun referred to the losses as "jobs," not people; now the fourth largest server maker in the world, Sun said it lost $2.2 billion in its last fiscal year; European regulators are holding up approval of the Oracle purchase in the hope of getting some money in exchange for not involving Oracle in court cases.
The multi-gazillionaire and very annoying investor Carl Icahn resigned from the board at Yahoo ; he spun it as a vote of confidence, saying current directors are taking the formerly threatened company seriously; Yahoo reported increased profits but smaller revenues in the third quarter.
The US House of Representatives voted to censure Vietnam for jailing bloggers; the non-binding resolution sponsored by southern California congresswoman Loretta Sanchez said the Internet is "a crucial tool for the citizens of Vietnam to be able to exercise their freedom of expression and association;"Hanoi has recently jailed at least nine activists for up to six years apiece for holding pro-democracy banners. Iran jailed blogger Hossein "Hoder" Derakshan for 10 months - in solitary confinement.
Kindle e-book reader maker Amazon.com and new Nook e-book reader vendor Barnes and Noble got it on; B&N got great reviews for the "Kindle killer"Nook, with dual screens and touch controls so you can "turn" pages, plays MP3s and allows many non-B&N book formats, although not the Kindle one;Amazon then killed the US version of its Kindle in favour of the international one, reduced its price to $260(8,700 baht), same as the Nook; it's not yet clear what you can get in Thailand with a Nook, but you sure can't (yet) get much, relatively speaking, with a Kindle;but here's the biggest difference so far,which Amazon.com has ignored: the Nook lets you lend e-books to any other Nook owner, just as if they were paper books; the borrowed books expire on the borrower's Nook in two weeks.
Phone maker Nokia of Finland announced it is suing iPhone maker Apple of America for being a copycat; lawyers said they figure Nokia can get at least one, probably two per cent (retail) for every iPhone sold by Steve "President for Life" Jobs and crew via the lawsuit,which sure beats working for it -$6 (200 baht) to $12(400 baht) on 30 million phones sold so far, works out to $400 million or 25 percent of the whole Apple empire profits during the last quarter;there were 10 patent thefts, the Finnish executives said, on everything from moving data to security and encryption.
Nokia of Finland announced that it is one month behind on shipping its new flagship N900 phone, the first to run on Linux software; delay of the $750(25,000 baht) phone had absolutely no part in making Nokia so short that it had to sue Apple, slap yourself for such a thought.
Tim Berners-Lee, who created the World Wide Web, said he had one regret:the double slash that follows the "http:"in standard web addresses; he estimated that 14.2 gazillion users have wasted 48.72 bazillion hours typing those two keystrokes, and he's sorry; of course there's no reason to ever type that, since your browser does it for you when you type "www.bangkokpost.com" but Tim needs to admit he made one error in his lifetime.
The International Telecommunication Union of the United Nations, which doesn't sell any phones or services, announced that there should be a mobile phone charger that will work with any phone; now who would ever have thought of that, without a UN body to wind up a major study on the subject?;the GSM Association estimates that 51,000 tonnes of chargers are made each year in order to keep companies able to have their own unique ones.
The Well, Doh Award of the Week was presented at arm's length to the United Nations Conference on Trade and Development; the group's deputy secretary-general Petko Draganov said that developing countries will miss some of the stuff available on the Internet if they don't install more broadband infrastructure; a report that used your tax baht to compile said that quite a few people use mobile phones but companies are more likely to invest in countries with excellent broadband connections; no one ever had thought of this before, right?
Sun Microsystems , as a result of the Oracle takeover, said it will allow 3,000 current workers never to bother coming to work again; Sun referred to the losses as "jobs," not people; now the fourth largest server maker in the world, Sun said it lost $2.2 billion in its last fiscal year; European regulators are holding up approval of the Oracle purchase in the hope of getting some money in exchange for not involving Oracle in court cases.
The multi-gazillionaire and very annoying investor Carl Icahn resigned from the board at Yahoo ; he spun it as a vote of confidence, saying current directors are taking the formerly threatened company seriously; Yahoo reported increased profits but smaller revenues in the third quarter.
The US House of Representatives voted to censure Vietnam for jailing bloggers; the non-binding resolution sponsored by southern California congresswoman Loretta Sanchez said the Internet is "a crucial tool for the citizens of Vietnam to be able to exercise their freedom of expression and association;"Hanoi has recently jailed at least nine activists for up to six years apiece for holding pro-democracy banners. Iran jailed blogger Hossein "Hoder" Derakshan for 10 months - in solitary confinement.
Friday, October 30, 2009
Gold bars and coins on sale at Harrods
The London luxury goods department store Harrods is moving into the precious metals market with the launch of a service to sell investmentgrade gold bullion bars and coins to customers.
Malcolm McLean, general manager of Harrods Bank, told Reuters on Thursday that the company saw a gap in the market for a well-known retailer to enter the increasingly high-profile gold market.
"We have been very conscious of the fact that there has been an ever increasing amount of interest in the gold market,and in buying investment gold," he said.
"We became very conscious that there is no well-recognised name out there which the general public can turn to and say, I know that name, I trust it, I want to buy from them.
"That is not to say there are not reputable dealers out there - we know there are," McLean said.
"But they don't carry the brand that we do."
Since Monday, Harrods has been selling Swiss-sourced investment grade bars and coins including sovereigns, South African Krugerrands and American Eagles, from the Harrods Bank premises on London's upscale Brompton Road.
Harrods would not be drawn on the sales volumes seen by the store so far,but McLean said feedback for the service had been positive.
"We are very much looking to the Harrods customer, and the customers of Harrods bank itself," he said."But we are open to the general public."
Prices vary according to the spot price of gold, the amount of bullion ordered,and the type of product selected. Internationally traded spot gold prices rose to a record high of $1,070.40 an ounce on Wednesday.
Around midday on Thursday, a oneounce Kruggerrand coin would have retailed at just under ฃ740, around a 14% premium above the gold spot price at the time.
Premiums on gold investment products in Europe are typically between 5-20%, depending on the spot price,supply and demand conditions, and volumes.
The store offers a secure safety deposit service, with its smallest box available for ฃ235 a year and capable of holding the largest investment product Harrods offers: the 12.5 kg bar.
"The customer can take the gold away with them if they wish, or can arrange for it to be delivered to wherever they choose," McLean said.
Investment in gold coins and bars rose sharply in late 2008 and early this year as the financial crisis boosted the appeal of physical gold as a safe store of value for consumers.
According to the World Gold Council,worldwide net retail investment in gold,which includes coin and bar buying,rose 22% in the first half of 2009 from the same period of the previous year to 301 tonnes.
Malcolm McLean, general manager of Harrods Bank, told Reuters on Thursday that the company saw a gap in the market for a well-known retailer to enter the increasingly high-profile gold market.
"We have been very conscious of the fact that there has been an ever increasing amount of interest in the gold market,and in buying investment gold," he said.
"We became very conscious that there is no well-recognised name out there which the general public can turn to and say, I know that name, I trust it, I want to buy from them.
"That is not to say there are not reputable dealers out there - we know there are," McLean said.
"But they don't carry the brand that we do."
Since Monday, Harrods has been selling Swiss-sourced investment grade bars and coins including sovereigns, South African Krugerrands and American Eagles, from the Harrods Bank premises on London's upscale Brompton Road.
Harrods would not be drawn on the sales volumes seen by the store so far,but McLean said feedback for the service had been positive.
"We are very much looking to the Harrods customer, and the customers of Harrods bank itself," he said."But we are open to the general public."
Prices vary according to the spot price of gold, the amount of bullion ordered,and the type of product selected. Internationally traded spot gold prices rose to a record high of $1,070.40 an ounce on Wednesday.
Around midday on Thursday, a oneounce Kruggerrand coin would have retailed at just under ฃ740, around a 14% premium above the gold spot price at the time.
Premiums on gold investment products in Europe are typically between 5-20%, depending on the spot price,supply and demand conditions, and volumes.
The store offers a secure safety deposit service, with its smallest box available for ฃ235 a year and capable of holding the largest investment product Harrods offers: the 12.5 kg bar.
"The customer can take the gold away with them if they wish, or can arrange for it to be delivered to wherever they choose," McLean said.
Investment in gold coins and bars rose sharply in late 2008 and early this year as the financial crisis boosted the appeal of physical gold as a safe store of value for consumers.
According to the World Gold Council,worldwide net retail investment in gold,which includes coin and bar buying,rose 22% in the first half of 2009 from the same period of the previous year to 301 tonnes.
Beauty, luxury products shine amid gloom
Department stores in Asia that have managed to capitalise on trendconscious consumers willing to spend on elegance and beauty are ringing in the sales as the region's economy recovers.
In contrast, the ones not using luxury to tempt shoppers look much more vulnerable to cheaper alternatives.
The post-crisis strategy for department store operators like South Korea's Lotte Shopping, Hong Kong-listed Parkson Retail and Japan's Isetan Mitsukoshi, is how to fend off cost-competitive rivals from discount stores to Internet shopping in the battle for consumer wallets that have been fattened up by government measures to stimulate the economy.
Despite the downturn, Asia's department store shares still outrank lowerend retailers in valuation, a sign investors see stronger earnings recovery as regional economies turn around.
Asia-Pacific department stores trade at average 39 times of their forecast earnings, compared with 20 for supermarket and convenience store chains,according to Thomson Reuters data.
In China, Taiwan and South Korea,where expensive tastes accompany a rising middle class and asset prices, department stores are associated with brand-name cosmetics and luxury.
"Although the economy is bad, people still want to look good. They'll rather spend money on their face and body to look young, and wear cheaper clothes,"says Shauna Lee, a marketing executive at Taipei's Shinkong Mitsukoshi department store, where throngs of shoppers enjoy the annual sale promotion with shopping vouchers from the government.
In South Korea, August department store sales from top players Lotte Shopping, Shinsegae and Hyundai Department Store rose at the fastest clip in seven months, with consumer sentiment at a seven-year high. Cosmetics, luxury items and premium health foods are consistent leaders. Shares in Hyundai,more focused on upscale shoppers than its peers, have jumped 85% this year.
China's retail sales posted 15% growth in the first three days of the Oct 1-8 "golden week" holidays. The downturn has done little to dent demand for designer handbags and watches, a survey from market research firm Pao Principle shows.
As China's urbanisation and growing wealthy consumer class fuel demand,brand recognition is helping high-end retailers. Department store chain Golden Eagle shares have more than doubled this year.
"The right strategy for department stores is to go even more upscale," said Hyundai Securities analyst S.K. Lee."Those with money keep spending on beauty products and luxury goods."
Shinsegae constantly renews its luxury items offering to compete with special-ised stores around Seoul.
"We were able to post fairly strong earnings thanks to the robust sale of luxury items and cosmetics ... And wealthy consumers' royalty to our groceries section is extremely high," said Shinsegae spokesman Kang Sang-min.
Top Thai shopping centre operator Central Pattana plans to add eight locations a year for six years from 2011.
"There is a sign of an industry pickup and we're not stopping ourselves from expanding," chief financial officer Naris Cheyklin said.
For some Asian department stores,expansion means potential mergers and acquisitions - Lotte Shopping is debating whether to buy Chinese supermarket operator Times Ltd as it seeks a strong brand in a fast-growing market.
In Japan, however, a prolonged retail slump is weighing on upscale retailers,hit by the impact of deflation and job losses.
"Specialty stores like Uniqlo and Nitori are attracting customers. Department stores have failed to respond to changing consumer trends," said Naozumi Nishimura, analyst at a research firm TIW in Tokyo.
Sales at Japanese department store chains, including Isetan Mitsukoshi,J.Front Retailing and Takashimaya,marked the 18th straight month of yearon-year decline in August.
"As for consumer spending, tough times are likely to continue for a little while," said Takashimaya president Koji Suzuki.
"We have been working on structural reform and stepping up marketing efforts,but we cannot make up for falls in sales in this tough economic condition."
Asian retailers in general have still fared better than Western peers as their economies avoided the worst of the fallout from the financial crisis. High-end retailers in the United States and Europe,including Saks, Nordstrom and PPR, have been hit hard by weak sales and consumer focus on value.
The question now is whether Asia's high-end retailers can sustain the upturn once stimulus measures are removed.Monetary tightening has already begun in Australia, South Korea is expected to hike rates early next year, while many other governments are cautiously discussing exit strategies.
In Taiwan, shopping vouchers equivalent to 0.7% of the island's GDP were offered and almost all of them used.
Government cash handouts have also helped Australia's department store chains David Jones and Myer post resilient sales.
An upcoming initial public offering by Myer, Australia's biggest department store chain, could test investors' confidence in retailers.
Although growth in consumer spending across Asia is expected to dip this year, it is forecast to continue its upward trend in the next two years, underpinning the region's department stores.
"I know there is a crisis, but things seem much better now," said Chen Yi,a Beijing housewife shopping with her son at upscale shopping mall "The Place".
In contrast, the ones not using luxury to tempt shoppers look much more vulnerable to cheaper alternatives.
The post-crisis strategy for department store operators like South Korea's Lotte Shopping, Hong Kong-listed Parkson Retail and Japan's Isetan Mitsukoshi, is how to fend off cost-competitive rivals from discount stores to Internet shopping in the battle for consumer wallets that have been fattened up by government measures to stimulate the economy.
Despite the downturn, Asia's department store shares still outrank lowerend retailers in valuation, a sign investors see stronger earnings recovery as regional economies turn around.
Asia-Pacific department stores trade at average 39 times of their forecast earnings, compared with 20 for supermarket and convenience store chains,according to Thomson Reuters data.
In China, Taiwan and South Korea,where expensive tastes accompany a rising middle class and asset prices, department stores are associated with brand-name cosmetics and luxury.
"Although the economy is bad, people still want to look good. They'll rather spend money on their face and body to look young, and wear cheaper clothes,"says Shauna Lee, a marketing executive at Taipei's Shinkong Mitsukoshi department store, where throngs of shoppers enjoy the annual sale promotion with shopping vouchers from the government.
In South Korea, August department store sales from top players Lotte Shopping, Shinsegae and Hyundai Department Store rose at the fastest clip in seven months, with consumer sentiment at a seven-year high. Cosmetics, luxury items and premium health foods are consistent leaders. Shares in Hyundai,more focused on upscale shoppers than its peers, have jumped 85% this year.
China's retail sales posted 15% growth in the first three days of the Oct 1-8 "golden week" holidays. The downturn has done little to dent demand for designer handbags and watches, a survey from market research firm Pao Principle shows.
As China's urbanisation and growing wealthy consumer class fuel demand,brand recognition is helping high-end retailers. Department store chain Golden Eagle shares have more than doubled this year.
"The right strategy for department stores is to go even more upscale," said Hyundai Securities analyst S.K. Lee."Those with money keep spending on beauty products and luxury goods."
Shinsegae constantly renews its luxury items offering to compete with special-ised stores around Seoul.
"We were able to post fairly strong earnings thanks to the robust sale of luxury items and cosmetics ... And wealthy consumers' royalty to our groceries section is extremely high," said Shinsegae spokesman Kang Sang-min.
Top Thai shopping centre operator Central Pattana plans to add eight locations a year for six years from 2011.
"There is a sign of an industry pickup and we're not stopping ourselves from expanding," chief financial officer Naris Cheyklin said.
For some Asian department stores,expansion means potential mergers and acquisitions - Lotte Shopping is debating whether to buy Chinese supermarket operator Times Ltd as it seeks a strong brand in a fast-growing market.
In Japan, however, a prolonged retail slump is weighing on upscale retailers,hit by the impact of deflation and job losses.
"Specialty stores like Uniqlo and Nitori are attracting customers. Department stores have failed to respond to changing consumer trends," said Naozumi Nishimura, analyst at a research firm TIW in Tokyo.
Sales at Japanese department store chains, including Isetan Mitsukoshi,J.Front Retailing and Takashimaya,marked the 18th straight month of yearon-year decline in August.
"As for consumer spending, tough times are likely to continue for a little while," said Takashimaya president Koji Suzuki.
"We have been working on structural reform and stepping up marketing efforts,but we cannot make up for falls in sales in this tough economic condition."
Asian retailers in general have still fared better than Western peers as their economies avoided the worst of the fallout from the financial crisis. High-end retailers in the United States and Europe,including Saks, Nordstrom and PPR, have been hit hard by weak sales and consumer focus on value.
The question now is whether Asia's high-end retailers can sustain the upturn once stimulus measures are removed.Monetary tightening has already begun in Australia, South Korea is expected to hike rates early next year, while many other governments are cautiously discussing exit strategies.
In Taiwan, shopping vouchers equivalent to 0.7% of the island's GDP were offered and almost all of them used.
Government cash handouts have also helped Australia's department store chains David Jones and Myer post resilient sales.
An upcoming initial public offering by Myer, Australia's biggest department store chain, could test investors' confidence in retailers.
Although growth in consumer spending across Asia is expected to dip this year, it is forecast to continue its upward trend in the next two years, underpinning the region's department stores.
"I know there is a crisis, but things seem much better now," said Chen Yi,a Beijing housewife shopping with her son at upscale shopping mall "The Place".
Tuesday, October 20, 2009
Central launches "Water Lily in Honour of HM the Queen's 77th Birthday"
Central Department Store is hosting two major events -"Central 62nd Anniversary Celebration" and its annual "Wonders of Plant Varieties"- to help launch "Water Lily in Honour of HM the Queen's 77th Birthday". The event will be held at Central Chidlom from October 29 to November 2.
Regarding the concept,Yuwadee Chirathivat, president of Central Department Stores, said:"This year the event aims to help members of the public appreciate and cherish their identities as Thais. We plan to turn Central Chidlom into a heavenly garden of flowers and plant varieties like every year but we will emphasize the integration of Thai flowers." Naowarat Phongphaiboon, a national artist and SEA Write poet, has graciously invented four new water lily names for vote casting -"Sri Kittya","Kittyadhorn","Rani Siam" and "Patama Rani"- the most popular of which will be submitted to HM the Queen.
Inside the store, a collection of Thai and foreign flowers will be integrated under the concept of "East Meets West". Recognised floral designers including Santipong Kongrak,Thatree Wattanayuenyong and Suksan Jeamkosit, will create a dazzling display throughout the seven-storey Central Chidlom.Along with the floral decoration, food and art displays will help portray the true essence of Thai culture. A new collection of cloth bags in commemoration of Central's 62nd anniversary will be launched, aiming to reduce the usage of plastic bags under its "Central ... Love the Earth" concept.
Central will also launch promotional programmes, which will run from October 29 until November 15, for customers shopping at all Central branches, excluding Zen.
For more information, call 02-793-7777.
Regarding the concept,Yuwadee Chirathivat, president of Central Department Stores, said:"This year the event aims to help members of the public appreciate and cherish their identities as Thais. We plan to turn Central Chidlom into a heavenly garden of flowers and plant varieties like every year but we will emphasize the integration of Thai flowers." Naowarat Phongphaiboon, a national artist and SEA Write poet, has graciously invented four new water lily names for vote casting -"Sri Kittya","Kittyadhorn","Rani Siam" and "Patama Rani"- the most popular of which will be submitted to HM the Queen.
Inside the store, a collection of Thai and foreign flowers will be integrated under the concept of "East Meets West". Recognised floral designers including Santipong Kongrak,Thatree Wattanayuenyong and Suksan Jeamkosit, will create a dazzling display throughout the seven-storey Central Chidlom.Along with the floral decoration, food and art displays will help portray the true essence of Thai culture. A new collection of cloth bags in commemoration of Central's 62nd anniversary will be launched, aiming to reduce the usage of plastic bags under its "Central ... Love the Earth" concept.
Central will also launch promotional programmes, which will run from October 29 until November 15, for customers shopping at all Central branches, excluding Zen.
For more information, call 02-793-7777.
Wednesday, October 14, 2009
Pared down, but still meaty
Reacting to the anticipatory effects generated by last week's commencement of construction of the tent, Bangkok fashionistas who bump into one another every other night at some party or other started bidding adieu with the new catchphrase "Bye, see you at the tent next week!"
Disregarding the daily ominous grey clouds that pose a threat of rain, Bangkok is getting into just the right mood for Elle Fashion Week (EFW). September and early October saw several collection and brand launches.
The Bangkok Fashion Society premiered its latest collection by holding a pop-up show a few weeks ago. Celebrity leatherwear designer Tipanan Krairiksh welcomed a large gathering of journos and invited guests at the opening of her new signature shop at Siam Paragon last week. Munchu's, Vickteerut and its sister line Robshop, together with hip children's wear boutique Rhapsody launched their new offerings this past Sunday at Fallabella. Elle Fashion Week couldn't hope for a more dynamic warm-up.
But what is in store for the fashion crowd on this year's EFW runway? First, the number of shows has dropped to 12, not including the two special promotional shows by CentralWorld and the one by the Department of Export Promotion showcasing its brands in its Designers' Room: Now. Fortunately, size does not matter when it comes to fashion (unless you're a model) and EFW, while losing a few big names such as Issue, Greyhound and Headquarter, has managed to lure back onto the runway some show magnets like Sretsis and Kloset Red Carpet as well as keeping event favourites ranging from Zenithorial and Disaya to Senada Theory on its schedule one more time.
If there's one thing fashionistas will miss at this year's Elle Fashion Week,which kicks off today, it's surely the leading streetwear brands that offer menswear,notably Greyhound and Headquarter.However, a show-stopper like Zenthorial will be present to guarantee excitement with its latest collection celebrating the works of revered fashion lensman Amat Nimitpark, who has been working in the Thai fashion industry for over 25 years.Its display, together with the one that will be put on by 27 Friday, which is also going to present menswear to its huge,loyal fan base, should secure a full-house tent.
Despite the fewer show days and a less-packed schedule, Elle Fashion Week will not be compromising on style diversity.The event welcomes regular masters from Kai, Pisit to Nagara, all of whom will be rolling out their presentations on the same day to ensure that fashion followers coming to keep track of their creative mastery get full benefit by attending. Last year's young designer Vatit Itthi will also be returning to the catwalk to demonstrate that couture and meticulous cutting do not belong to only the seasoned masters.The design duo will be adhering to the
international fashion calendar by showing off their Spring/Summer collection emphasising texture and layering.
Making its first appearance at Elle Fashion Week is Olanor, a brainchild of former Theatre's design assistant Thanes Boonprasan, who has already taken this new brand to several trade shows and fairs abroad.Scheduled to make the scene on the same day as Kai, Nagara and Pisit, the brand will have the opportunity to attract the attention of the same crowd of trendsetters who appreciate refinement and luxury.
Now, now, the rest is girls talk. EFW has embraced all the darlings of young female fashionistas to the fold once again.Sretsis, Senada, Kloset Red Carpet, Disaya and Asava have promised to continue to be show magnets this year. Disaya will open the event with a collection that glistens even in an era of darkness called Celestial Warrior. Asava tackles the concept of changing lifestyles brought about by the economic downturn in its Wall Street Goddess collection. Sretsis goes back to its seemingly basic yet slightly eccentric Metamorphosis theme. The collection celebrates design as a process of transformation and will feature the season's must-haves, such as reversible dresses.Kloset Red Carpet puts on the grand finale to the four-day event with a collection inspired by Tangrams, the puzzle board game.
EFW will also be featuring two special shows by CentralWorld that will see models strutting on the runway wearing the current season's items created by international brands like Mango, Castro and Topshop to offer fashionistas mix-and-match ideas.
Elle Fashion Week Autumn/Winter 2009 at CentralWorld begins today until Sunday.
Disregarding the daily ominous grey clouds that pose a threat of rain, Bangkok is getting into just the right mood for Elle Fashion Week (EFW). September and early October saw several collection and brand launches.
The Bangkok Fashion Society premiered its latest collection by holding a pop-up show a few weeks ago. Celebrity leatherwear designer Tipanan Krairiksh welcomed a large gathering of journos and invited guests at the opening of her new signature shop at Siam Paragon last week. Munchu's, Vickteerut and its sister line Robshop, together with hip children's wear boutique Rhapsody launched their new offerings this past Sunday at Fallabella. Elle Fashion Week couldn't hope for a more dynamic warm-up.
But what is in store for the fashion crowd on this year's EFW runway? First, the number of shows has dropped to 12, not including the two special promotional shows by CentralWorld and the one by the Department of Export Promotion showcasing its brands in its Designers' Room: Now. Fortunately, size does not matter when it comes to fashion (unless you're a model) and EFW, while losing a few big names such as Issue, Greyhound and Headquarter, has managed to lure back onto the runway some show magnets like Sretsis and Kloset Red Carpet as well as keeping event favourites ranging from Zenithorial and Disaya to Senada Theory on its schedule one more time.
If there's one thing fashionistas will miss at this year's Elle Fashion Week,which kicks off today, it's surely the leading streetwear brands that offer menswear,notably Greyhound and Headquarter.However, a show-stopper like Zenthorial will be present to guarantee excitement with its latest collection celebrating the works of revered fashion lensman Amat Nimitpark, who has been working in the Thai fashion industry for over 25 years.Its display, together with the one that will be put on by 27 Friday, which is also going to present menswear to its huge,loyal fan base, should secure a full-house tent.
Despite the fewer show days and a less-packed schedule, Elle Fashion Week will not be compromising on style diversity.The event welcomes regular masters from Kai, Pisit to Nagara, all of whom will be rolling out their presentations on the same day to ensure that fashion followers coming to keep track of their creative mastery get full benefit by attending. Last year's young designer Vatit Itthi will also be returning to the catwalk to demonstrate that couture and meticulous cutting do not belong to only the seasoned masters.The design duo will be adhering to the
international fashion calendar by showing off their Spring/Summer collection emphasising texture and layering.
Making its first appearance at Elle Fashion Week is Olanor, a brainchild of former Theatre's design assistant Thanes Boonprasan, who has already taken this new brand to several trade shows and fairs abroad.Scheduled to make the scene on the same day as Kai, Nagara and Pisit, the brand will have the opportunity to attract the attention of the same crowd of trendsetters who appreciate refinement and luxury.
Now, now, the rest is girls talk. EFW has embraced all the darlings of young female fashionistas to the fold once again.Sretsis, Senada, Kloset Red Carpet, Disaya and Asava have promised to continue to be show magnets this year. Disaya will open the event with a collection that glistens even in an era of darkness called Celestial Warrior. Asava tackles the concept of changing lifestyles brought about by the economic downturn in its Wall Street Goddess collection. Sretsis goes back to its seemingly basic yet slightly eccentric Metamorphosis theme. The collection celebrates design as a process of transformation and will feature the season's must-haves, such as reversible dresses.Kloset Red Carpet puts on the grand finale to the four-day event with a collection inspired by Tangrams, the puzzle board game.
EFW will also be featuring two special shows by CentralWorld that will see models strutting on the runway wearing the current season's items created by international brands like Mango, Castro and Topshop to offer fashionistas mix-and-match ideas.
Elle Fashion Week Autumn/Winter 2009 at CentralWorld begins today until Sunday.
Tuesday, October 13, 2009
Mall's animal exhibit described as "torture"
Environmentalists have accused the organisers of the "King of the Jungle"wildlife exhibition at the Emporium shopping mall of animal torture.
"A white tiger is locked up in a confined cage, a young jumbo is forced to walk around under the scorching sun to promote the event, while the nocturnal barn owl has to endure flashlights from visitors' cameras," said Vanchai Tantivitayapitak, deputy secretarygeneral of the Green World Foundation.
The King of the Jungle Flora & Fauna Exotica runs from Oct 8 to 18 with free admission. It is co-organised by several state agencies, such as the Zoological Park Organisation (ZPO), the Natural Resources and Environment Ministry,the Chiang Mai Night Safari, and the Bangkok Metropolitan Administration.
Among the animals and plants displayed at the shopping complex are a lion, a meerkat, a rusa deer, a bateared fox, an ostrich and lemurs.
Mr Vanchai said the exhibition was a distasteful marketing strategy that abuses wildlife for business purposes.
"All of the animals on display are apparently stressed because they are kept in an unsuitable environment. They can even go into shock and die," he said.
The veteran environmentalist blasted the ZPO for cooperating with business people to exploit the animals.
Rangsarit Kanchanavanich, of the Sueb Nakhasathien Foundation, said state and private agencies misunderstood that the display of animals in shopping malls would raise environmental awareness among the public.
"This kind of activity is torturing animals and will send a wrong signal to younger generations that humans can do anything with these creatures,"he said.
Amphan Patharakorn,the Emporium's operations general manager, said the event, held under the theme "Save the world. Save the wild",was aimed at promoting environmental awareness and educating children about wild animals.
The animals were being taken care of by a team of veterinarians from state agencies.
"The veterinarians are on standby to look after the animals and to ensure the safety of visitors," she said.
ZPO chief Sophon Damnui said the animals had been hired from zoos and farms so they were used to crowds."Moreover, they will only be [at the shopping mall] for 10 days, not forever,"he said.
"A white tiger is locked up in a confined cage, a young jumbo is forced to walk around under the scorching sun to promote the event, while the nocturnal barn owl has to endure flashlights from visitors' cameras," said Vanchai Tantivitayapitak, deputy secretarygeneral of the Green World Foundation.
The King of the Jungle Flora & Fauna Exotica runs from Oct 8 to 18 with free admission. It is co-organised by several state agencies, such as the Zoological Park Organisation (ZPO), the Natural Resources and Environment Ministry,the Chiang Mai Night Safari, and the Bangkok Metropolitan Administration.
Among the animals and plants displayed at the shopping complex are a lion, a meerkat, a rusa deer, a bateared fox, an ostrich and lemurs.
Mr Vanchai said the exhibition was a distasteful marketing strategy that abuses wildlife for business purposes.
"All of the animals on display are apparently stressed because they are kept in an unsuitable environment. They can even go into shock and die," he said.
The veteran environmentalist blasted the ZPO for cooperating with business people to exploit the animals.
Rangsarit Kanchanavanich, of the Sueb Nakhasathien Foundation, said state and private agencies misunderstood that the display of animals in shopping malls would raise environmental awareness among the public.
"This kind of activity is torturing animals and will send a wrong signal to younger generations that humans can do anything with these creatures,"he said.
Amphan Patharakorn,the Emporium's operations general manager, said the event, held under the theme "Save the world. Save the wild",was aimed at promoting environmental awareness and educating children about wild animals.
The animals were being taken care of by a team of veterinarians from state agencies.
"The veterinarians are on standby to look after the animals and to ensure the safety of visitors," she said.
ZPO chief Sophon Damnui said the animals had been hired from zoos and farms so they were used to crowds."Moreover, they will only be [at the shopping mall] for 10 days, not forever,"he said.
Sunday, October 11, 2009
CENTRAL CHIEF KEEPS FATHER'S VISION ALIVE
Pursuing her late father's vision, Yuwadee Chirathivat, president of Central Department Store, has fully dedicated herself to the retail business founded by her family 62 years ago.
"I love my father, Samrit, who is my idol. He always dedicated himself to his work and to the family business," said Yuwadee, 56, who is a member of the third generation of the Chirathivat family to run the business.
Yuwadee described her father as a man with a vision. He was among the pioneers |of the Thai retail business, who first |bought products from abroad and sold |them to Thai customers. His first store, Central Chidlom Department Store, initially had two storeys, but was designed so that up to five additional stories could be added. He opened Central Lat Phrao, which was the first shopping complex outside Bangkok, soon after.
Yuwadee said her father strived to improve his business every day. What mattered most to him, she said, was delivering satisfaction to customers. He worked on all
details of the business, right down to the design of the shopping complexes.
"All our staff have contributed to the success of Central Department Store. We have a good business foundation and the ability to develop and offer products that are unique," she said.
Yuwadee is the third of Samrit and Vanida Chirathivat's eight children. Samrit started the first shop 60 years ago with her grandfather, selling magazines. Products advertised by foreigners in these publications prompted Chirathivat senior to establish a business that would soon grow into what is now Central, one of Thailand's biggest conglomerates and a leading retailer in Southeast Asia.
Yuwadee received her tertiary education at Thammasat University and graduated in 1975 with an honour's degree in Liberal Arts, majoring in English literature. She received the Bhumibol Award from His Majesty the King for achieving the highest grade in her department, and went on to graduate with a master's of science in journalism, followed by an advertising degree from Northwestern University in the US state of Illinois in 1977.
Her professional career began in New York, where she started as a trainee with the agency Ogilvy & Mather, and was soon taking on challenges as accounts director. She joined Central Department Store in 1981 as a floor manager and progressed to president in 1996. Presently, she manages 15 department stores. She was subsequently appointed executive vice president and a board member of Central Retail Corp.
"Central Department Store's success is the result of various factors. These include good merchandising management, strong service operation, visual merchandising and marketing," she said.
Yuwadee loves travelling around the world in search of inspiration and new retailing ideas. "I have travelled to more than 30 countries. I love to experience different cultures."
As a family business, one of Central's strengths is continuity of operations, she said. "However, we run our retail business professionally. We never stop developing personnel who fit well within our culture."
She added that it was time for Central Department Store to look abroad for new markets, as the Thai retail market has fewer opportunities right now.
In April, Central plans to |open its first retail outlet in China, in the city of Hangzhou. The second is planned for Shenyang in 2011.
Yuwadee said Central Depart-ment Store achieved 7-per-cent growth year on year in the third quarter. The company also expects more than 7-per-cent growth in the current quarter.
"We target sales growth of 5 per cent to Bt27 billion for the full year," she said.
"I love my father, Samrit, who is my idol. He always dedicated himself to his work and to the family business," said Yuwadee, 56, who is a member of the third generation of the Chirathivat family to run the business.
Yuwadee described her father as a man with a vision. He was among the pioneers |of the Thai retail business, who first |bought products from abroad and sold |them to Thai customers. His first store, Central Chidlom Department Store, initially had two storeys, but was designed so that up to five additional stories could be added. He opened Central Lat Phrao, which was the first shopping complex outside Bangkok, soon after.
Yuwadee said her father strived to improve his business every day. What mattered most to him, she said, was delivering satisfaction to customers. He worked on all
details of the business, right down to the design of the shopping complexes.
"All our staff have contributed to the success of Central Department Store. We have a good business foundation and the ability to develop and offer products that are unique," she said.
Yuwadee is the third of Samrit and Vanida Chirathivat's eight children. Samrit started the first shop 60 years ago with her grandfather, selling magazines. Products advertised by foreigners in these publications prompted Chirathivat senior to establish a business that would soon grow into what is now Central, one of Thailand's biggest conglomerates and a leading retailer in Southeast Asia.
Yuwadee received her tertiary education at Thammasat University and graduated in 1975 with an honour's degree in Liberal Arts, majoring in English literature. She received the Bhumibol Award from His Majesty the King for achieving the highest grade in her department, and went on to graduate with a master's of science in journalism, followed by an advertising degree from Northwestern University in the US state of Illinois in 1977.
Her professional career began in New York, where she started as a trainee with the agency Ogilvy & Mather, and was soon taking on challenges as accounts director. She joined Central Department Store in 1981 as a floor manager and progressed to president in 1996. Presently, she manages 15 department stores. She was subsequently appointed executive vice president and a board member of Central Retail Corp.
"Central Department Store's success is the result of various factors. These include good merchandising management, strong service operation, visual merchandising and marketing," she said.
Yuwadee loves travelling around the world in search of inspiration and new retailing ideas. "I have travelled to more than 30 countries. I love to experience different cultures."
As a family business, one of Central's strengths is continuity of operations, she said. "However, we run our retail business professionally. We never stop developing personnel who fit well within our culture."
She added that it was time for Central Department Store to look abroad for new markets, as the Thai retail market has fewer opportunities right now.
In April, Central plans to |open its first retail outlet in China, in the city of Hangzhou. The second is planned for Shenyang in 2011.
Yuwadee said Central Depart-ment Store achieved 7-per-cent growth year on year in the third quarter. The company also expects more than 7-per-cent growth in the current quarter.
"We target sales growth of 5 per cent to Bt27 billion for the full year," she said.
Wednesday, October 7, 2009
Flora and fauna exotica
Many animals, plants, trees and flowers are rarely seen in everyday life, but the Emporium shopping complex is offering the chance to see a white tiger, a long-tailed macaque,a kinkajou, a kangaroo rat and a mata mata in action.
The Emporium is joining hands with the Ministry of Natural Resources and Environment, the Ministry of En-ergy, the Tourism Authority of Thailand and the Green Alliance Network to present the third installation of "Emporium Flora & Fauna Exotica:King of the Jungle". To encourage people to conserve and protect nature and the environment, the complex will be transformed into an African landscape under the concept "Save the World Save the wild". The event will feature eight zones: King of The Jungle, Protea Extravaganza, Saving Energy, The Chronicle of Nature, Magnificent Meerkat, Jungle of Apes, The African Quest and Magnificent Bird Paradise.
The animal extravaganza is on at the Emporium shopping complex until October 18. For more information, call 02-310-1846.
The Emporium is joining hands with the Ministry of Natural Resources and Environment, the Ministry of En-ergy, the Tourism Authority of Thailand and the Green Alliance Network to present the third installation of "Emporium Flora & Fauna Exotica:King of the Jungle". To encourage people to conserve and protect nature and the environment, the complex will be transformed into an African landscape under the concept "Save the World Save the wild". The event will feature eight zones: King of The Jungle, Protea Extravaganza, Saving Energy, The Chronicle of Nature, Magnificent Meerkat, Jungle of Apes, The African Quest and Magnificent Bird Paradise.
The animal extravaganza is on at the Emporium shopping complex until October 18. For more information, call 02-310-1846.
Friday, October 2, 2009
BALANCING THE FUTURE
Bangkok will once again play host to a unique art and design showcase when the "Bangkok Design Festival 2009" raises its curtains next week.The third edition to be held, this year's festival involves innovation, creativity and sustainability under the idea of "Balancing the Future."
The 14-day event, from October 8-21,will take place at various hot spot venues around the city - Thailand Creative and Design Centre (TCDC), Bangkok Art and Culture Centre,Siam Paragon, Siam Centre, Siam Discovery,The Emporium and Impact Arena Muang Thong Thani. There are also exhibitions in public spaces such as Victory Monument.
On show are stunning works by professional and young designers, both Thai and foreign,special themed projects, interesting activities, top thesis by design students from various universities, a Thainess show, a creative party, an art fair and a mini mart.
"Bangkok Design Festival 2009 will lead Thailand to the era of a new economy via the tactics of creative work," said Alongkorn Pollabutr,deputy minister of commerce.
"The event also goes in line with the government's Creative Thailand in-
tiative, aimed at turning Thailand
into the hub of creative industry
in Asean and to enhance the
economic value of creative
industry."
"In the art and design industry, Thai designers
are second to none in
terms of their knowledge
and talent and the Bangkok Design Festival is an excellent platform to unwaveringly drive Thailand's design industry to the international level,"said Mayuree Chaipromprasith, marketing promotion senior director of Siam Paragon Development Co."This year, we have highlights at every spot. Among them, the Degree Show, which presents the year's top thesis by students in interior, product, graphic,fashion and jewellery design as well as animation," said Prathan Theerathada,director of the Bangkok Design Festival.
"Another fascinating exhibition is the showcase of more than 70 pieces of work from seven different fields creatively displayed in five Design Containers among balloons," he said."Despite a limited area, larger-than-life quality is guaranteed
and you can see these ou-
standing pieces for yourselves at Parc Par-
gon, Siam Paragon."
The programme also includes "Creative City km.0." This year, Change Bangkok Project continues what it began earlier. From last year, the selected photographs of places in Bangkok that need change the most is the Victory Monument (km 0).
The designers responsible for the change are Maria Stukoff, an artist from the United Kingdom, and Apostrophy's from Thailand.
In the heart of the city at Siam Paragon is "DEmark", a selection of good design works by Thai entrepreneurs and designers in a contest of DEmark 2009 Award (Design Excellence Award) organised by the Office of Product Value Development, Department of Export Promotion, Ministry of Commerce. This is a golden opportunity for art enthusiasts to admire these creations at the Hall of Mirror, M floor.
At Siam Centre's Atrium 2 on the first floor is the "Shoes' Cream by Gold City",an exhibition of shoes designed by students from Silpakorn University, King Mongkut Institute of Technology Lad Krabang and Srinakarinviroj University.
Causing quite a stir and fun among Thai graphic designers is the project,"I am a Thai Graphic Designer" by Practical Studio. The project, set to take place in the Grand Hall of SiamDiscovery, showcases more than 1,000 works by graphic designers from across the country.
Each work is presented using photographs of each designer holding a plate with his/her own design of the phrase "I am a Thai Graphic Designer." Related activities in this area include a graphic design workshop for high school stu-dents, and seminar on the topic "Put the strong faith in Thailand by Thai graphic designers."
Also on show in the Grand Hall is the "Illustration Poster by Takashi Akiyama"exhibition. Akiyama is a world-renowned Japanese visual communicator and graphic design professor at Tama Art University. Through some 40 posters,Akiyama communicates stories with illustrations that convey profound meanings that are beyond the ability of words or any international languages to communicate.
On show at the Bangkok Art and Culture Centre is "Do It Together by Knotting Else" featuring works of 10 leading interior design companies presented in the Tetris puzzles pattern. The exhibition gathers recycled materials under Green Design or environmentally-friendly design concepts from each company.
BIG+BIH at Challenger Hall, Impact Muang Thong Thani, will probably be the most familiar event as it's been held for many years. This year, the event is held under the theme,"Unique Lifestyle",with a trade fair and exhibitions showcasing updated movements in both local and international product design scenes.
"Bangkok Design Festival 2009", October 8-21, at various venues around the city. For full activities and exhibition programme,venues and map, please visit www.bangkokdesignfestival.com.
Work from the "Designers Saturday"showcase (above);and two art pieces from the "Abundant Australia" exhibition (below and right).
This year's festival features stunning works of art and design by professional and young designers.
The 14-day event, from October 8-21,will take place at various hot spot venues around the city - Thailand Creative and Design Centre (TCDC), Bangkok Art and Culture Centre,Siam Paragon, Siam Centre, Siam Discovery,The Emporium and Impact Arena Muang Thong Thani. There are also exhibitions in public spaces such as Victory Monument.
On show are stunning works by professional and young designers, both Thai and foreign,special themed projects, interesting activities, top thesis by design students from various universities, a Thainess show, a creative party, an art fair and a mini mart.
"Bangkok Design Festival 2009 will lead Thailand to the era of a new economy via the tactics of creative work," said Alongkorn Pollabutr,deputy minister of commerce.
"The event also goes in line with the government's Creative Thailand in-
tiative, aimed at turning Thailand
into the hub of creative industry
in Asean and to enhance the
economic value of creative
industry."
"In the art and design industry, Thai designers
are second to none in
terms of their knowledge
and talent and the Bangkok Design Festival is an excellent platform to unwaveringly drive Thailand's design industry to the international level,"said Mayuree Chaipromprasith, marketing promotion senior director of Siam Paragon Development Co."This year, we have highlights at every spot. Among them, the Degree Show, which presents the year's top thesis by students in interior, product, graphic,fashion and jewellery design as well as animation," said Prathan Theerathada,director of the Bangkok Design Festival.
"Another fascinating exhibition is the showcase of more than 70 pieces of work from seven different fields creatively displayed in five Design Containers among balloons," he said."Despite a limited area, larger-than-life quality is guaranteed
and you can see these ou-
standing pieces for yourselves at Parc Par-
gon, Siam Paragon."
The programme also includes "Creative City km.0." This year, Change Bangkok Project continues what it began earlier. From last year, the selected photographs of places in Bangkok that need change the most is the Victory Monument (km 0).
The designers responsible for the change are Maria Stukoff, an artist from the United Kingdom, and Apostrophy's from Thailand.
In the heart of the city at Siam Paragon is "DEmark", a selection of good design works by Thai entrepreneurs and designers in a contest of DEmark 2009 Award (Design Excellence Award) organised by the Office of Product Value Development, Department of Export Promotion, Ministry of Commerce. This is a golden opportunity for art enthusiasts to admire these creations at the Hall of Mirror, M floor.
At Siam Centre's Atrium 2 on the first floor is the "Shoes' Cream by Gold City",an exhibition of shoes designed by students from Silpakorn University, King Mongkut Institute of Technology Lad Krabang and Srinakarinviroj University.
Causing quite a stir and fun among Thai graphic designers is the project,"I am a Thai Graphic Designer" by Practical Studio. The project, set to take place in the Grand Hall of SiamDiscovery, showcases more than 1,000 works by graphic designers from across the country.
Each work is presented using photographs of each designer holding a plate with his/her own design of the phrase "I am a Thai Graphic Designer." Related activities in this area include a graphic design workshop for high school stu-dents, and seminar on the topic "Put the strong faith in Thailand by Thai graphic designers."
Also on show in the Grand Hall is the "Illustration Poster by Takashi Akiyama"exhibition. Akiyama is a world-renowned Japanese visual communicator and graphic design professor at Tama Art University. Through some 40 posters,Akiyama communicates stories with illustrations that convey profound meanings that are beyond the ability of words or any international languages to communicate.
On show at the Bangkok Art and Culture Centre is "Do It Together by Knotting Else" featuring works of 10 leading interior design companies presented in the Tetris puzzles pattern. The exhibition gathers recycled materials under Green Design or environmentally-friendly design concepts from each company.
BIG+BIH at Challenger Hall, Impact Muang Thong Thani, will probably be the most familiar event as it's been held for many years. This year, the event is held under the theme,"Unique Lifestyle",with a trade fair and exhibitions showcasing updated movements in both local and international product design scenes.
"Bangkok Design Festival 2009", October 8-21, at various venues around the city. For full activities and exhibition programme,venues and map, please visit www.bangkokdesignfestival.com.
Work from the "Designers Saturday"showcase (above);and two art pieces from the "Abundant Australia" exhibition (below and right).
This year's festival features stunning works of art and design by professional and young designers.
Local wisdom through metal
channel0134Both children and adults are invited to learn more about our local wisdom in the ancient times during the "Thai Wisdom Through Metal Crafts" exhibition, which is running at Phufa Treasure Trove on the 4th floor of Siam Paragon until the end of the year.
channel0134Jointly organised by the Department of Archaeology, Faculty of Archaeology, Silpakorn University, the exhibition focuses more on metal crafts which can reflect our local wisdom in terms of how our ancestors 3,000 years ago managed to use fire to create such cultural objects.
channel0134Samples of ancient and present metal objects as well as pictures of selected metal pieces and of metalworking activities are on display with the aim of providing the general public with the preliminary knowledge related to metal crafts in Thailand.
channel0134Besides getting a bigger picture of the importance of local wisdom, visitors will learn about ancient metalworking in the Kingdom from the prehistoric periods to the present time.Examples of important archaeological sites related to ancient metal production in the country are also exhibited.RT
channel0134The exhibition opens daily from 11am-7pm. Admission is free of charge. For more information, please contact Phufa Treasure Trove on 02-129-4556.
channel0134Jointly organised by the Department of Archaeology, Faculty of Archaeology, Silpakorn University, the exhibition focuses more on metal crafts which can reflect our local wisdom in terms of how our ancestors 3,000 years ago managed to use fire to create such cultural objects.
channel0134Samples of ancient and present metal objects as well as pictures of selected metal pieces and of metalworking activities are on display with the aim of providing the general public with the preliminary knowledge related to metal crafts in Thailand.
channel0134Besides getting a bigger picture of the importance of local wisdom, visitors will learn about ancient metalworking in the Kingdom from the prehistoric periods to the present time.Examples of important archaeological sites related to ancient metal production in the country are also exhibited.RT
channel0134The exhibition opens daily from 11am-7pm. Admission is free of charge. For more information, please contact Phufa Treasure Trove on 02-129-4556.
BOLLYWOOD MUSICAL DEBUTS IN BANGKOK
Bangkok has embraced a number of marvellous musicals from both New York's Broadway and London's West End in recent years, not to mention many Thai-branded yet sold-out musicals of our local taste. Each of the shows became the talk of the town and makes Thai audiences eager to see more of such lavish productions full of joyful dance moves and popular music.
And in only three weeks' time, we will see musicals in a new light when the highlyacclaimed The Merchants of Bollywood will be making its debut in the Kingdom with eight rounds at the Royal Paragon Hall of Siam Paragon on Oct 22-26. The showtime is 7:30pm on Thur and Mon, and 1pm and 5pm on Fri-Sun.
Featuring music composed by Oscarwinning composer AR Rahman,The Merchants of Bollywood is an all-singing,all dancing Bollywood musical extravaganza that has already been hailed as a spectacular success by audiences and critics in the United Kingdom, Spain, Italy, Germany,Switzerland, South Africa, Australia and Malaysia.
Set to appear in Bangkok will be its original cast, which has been travelling around the world performing to sold-out theatres.
The production features 1,200 costume changes and 2,500 pieces of Indian jewellery for a cast of 53, as well as 40 years of Bollywood history wrapped up into 90 minutes of swirling colours, sparkle, shimmer and electrifying energy that excites the senses.
It tells the tale of Ayesha Merchant, the granddaughter of Shantilal Merchant, one of Bollywood's most acclaimed choreographers from the Hindi film industry's golden era.
Shantilal has taught Ayesha Indian classical dance in their home in Rajasthan, but Ayesha has dreams of making her name in Bollywood. She then leaves home for Mumbai and finds great success in films.
Her rebellion against her classical training, in favour of modern western dance styles, was the seed of the feud with her grandfather. The damage seems irreparable.However, the emotional pull of her dying grandfather and her childhood sweetheart Uday lure her home.
There is no-one left to continue the family tradition - performing the dance of the Gods. So Ayesha decides to marry Uday,run her father's dance school and maintain the family traditions. But she will run the school her way, with a balance of old and new.
The finale of the show is colourful, thrilling, high-energy fusion of folk, classical,modern, Western and Indian dance forms.Tears are shed, old wounds are healed,age-old conflicts are reconciled in a powerful journey to the sacred heart of dance.
The narrated story unfolds in the form of high-energy dance routines, by a terrific company - all with toned bellies and perfect bodies. Audiences can look forward to a cast whose energy is electrifying and dance moves suffused with a rush of joy and yet ruthlessly precise.
And the musical's final number,It's Time to Disco , taken from the Bollywood hit Kal Ho Naa Ho , is bound to have any audience on their feet and dancing.
Tickets for The Merchants of Bollywood cost 900,1,500,2,000 and 3,000 baht and can be purchased from Thaiticketmajor booths. Call 02-262-3456 orvisit www.thaiticketmajor.com.
And in only three weeks' time, we will see musicals in a new light when the highlyacclaimed The Merchants of Bollywood will be making its debut in the Kingdom with eight rounds at the Royal Paragon Hall of Siam Paragon on Oct 22-26. The showtime is 7:30pm on Thur and Mon, and 1pm and 5pm on Fri-Sun.
Featuring music composed by Oscarwinning composer AR Rahman,The Merchants of Bollywood is an all-singing,all dancing Bollywood musical extravaganza that has already been hailed as a spectacular success by audiences and critics in the United Kingdom, Spain, Italy, Germany,Switzerland, South Africa, Australia and Malaysia.
Set to appear in Bangkok will be its original cast, which has been travelling around the world performing to sold-out theatres.
The production features 1,200 costume changes and 2,500 pieces of Indian jewellery for a cast of 53, as well as 40 years of Bollywood history wrapped up into 90 minutes of swirling colours, sparkle, shimmer and electrifying energy that excites the senses.
It tells the tale of Ayesha Merchant, the granddaughter of Shantilal Merchant, one of Bollywood's most acclaimed choreographers from the Hindi film industry's golden era.
Shantilal has taught Ayesha Indian classical dance in their home in Rajasthan, but Ayesha has dreams of making her name in Bollywood. She then leaves home for Mumbai and finds great success in films.
Her rebellion against her classical training, in favour of modern western dance styles, was the seed of the feud with her grandfather. The damage seems irreparable.However, the emotional pull of her dying grandfather and her childhood sweetheart Uday lure her home.
There is no-one left to continue the family tradition - performing the dance of the Gods. So Ayesha decides to marry Uday,run her father's dance school and maintain the family traditions. But she will run the school her way, with a balance of old and new.
The finale of the show is colourful, thrilling, high-energy fusion of folk, classical,modern, Western and Indian dance forms.Tears are shed, old wounds are healed,age-old conflicts are reconciled in a powerful journey to the sacred heart of dance.
The narrated story unfolds in the form of high-energy dance routines, by a terrific company - all with toned bellies and perfect bodies. Audiences can look forward to a cast whose energy is electrifying and dance moves suffused with a rush of joy and yet ruthlessly precise.
And the musical's final number,It's Time to Disco , taken from the Bollywood hit Kal Ho Naa Ho , is bound to have any audience on their feet and dancing.
Tickets for The Merchants of Bollywood cost 900,1,500,2,000 and 3,000 baht and can be purchased from Thaiticketmajor booths. Call 02-262-3456 orvisit www.thaiticketmajor.com.
Thursday, September 24, 2009
House seeks AOT, King Power probe
The House committee on finance, fiscal and banking will today file a petition to the National Anti-Corruption Commission (NACC) over Airports of Thailand's charges for extra space used at Suvarnabhumi Airport by King Power International.
Surapong Tovichakchaikul, a Puea Thai Party MP and chairman of the committee, said the petition was against the ministers of finance and transport, as well as government officials, for negligence and loss to the state.
The chairman said the action followed testimony on the charges from directors of Airports of Thailand, the finance minister, the permanent secretary of finance and NACC officials.
"The concession for the duty-free area, signed between AOT and King Power in 2005, demands King Power to pay Bt1.2 billion per annum. However, the company's duty free area was 6,820 square metres above the space specified in the concession. However, King Power was charged [an additional] Bt990 million, when the damage is as high as Bt6.49 billion," Surapong said.
Meanwhile, regarding the commercial-space concession, King Power was also found to have controlled 25,820 square metres, when the specified area was only 20,000 square metres. For the extra space, it paid Bt414 million, against an actual cost of Bt1.56 billion, Surachai said.
The AOT board will convene at its monthly meeting today.
AOT president Serirat Prasutanond said yesterday that the board would be informed of the progress on the extra charges on King Power's excess commercial area, which could be valued at Bt300 million-Bt400 million.
He said this was for the extra space used until December 2008.
Surapong Tovichakchaikul, a Puea Thai Party MP and chairman of the committee, said the petition was against the ministers of finance and transport, as well as government officials, for negligence and loss to the state.
The chairman said the action followed testimony on the charges from directors of Airports of Thailand, the finance minister, the permanent secretary of finance and NACC officials.
"The concession for the duty-free area, signed between AOT and King Power in 2005, demands King Power to pay Bt1.2 billion per annum. However, the company's duty free area was 6,820 square metres above the space specified in the concession. However, King Power was charged [an additional] Bt990 million, when the damage is as high as Bt6.49 billion," Surapong said.
Meanwhile, regarding the commercial-space concession, King Power was also found to have controlled 25,820 square metres, when the specified area was only 20,000 square metres. For the extra space, it paid Bt414 million, against an actual cost of Bt1.56 billion, Surachai said.
The AOT board will convene at its monthly meeting today.
AOT president Serirat Prasutanond said yesterday that the board would be informed of the progress on the extra charges on King Power's excess commercial area, which could be valued at Bt300 million-Bt400 million.
He said this was for the extra space used until December 2008.
Rangsit Plaza woos suitors for project
Rangsit Plaza Co, the operator of Future Park Rangsit shopping centre, is suspending its own developments such as a community mall and is seeking investors for commercial projects near its main mall.
The decision to temporarily stop developing a community mall worth more than 1 billion baht was due mainly to the economic downturn but also to doubts about the potential of community malls, said vice-president Jittinan Wanglee.
"Though community malls are increasingly popular as one prospective retail segment to expand during the weak economy, there are both investors becoming successful and failing in the market," she said.
The company is currently in talks with two or three prospective investors in entertainment and retail businesses for developing projects in a 700-rai plot surrounding Future Park Rangsit.
The completed project, to be developed step by step, would be known as Future City. The Wanglee family's Pipatanasin Co owns 800 rai of the area,of which 108 rai have been developed into the Future Park Rangsit shopping complex. Another 150 rai house major retail operators including Index Living Mall, Home Pro and Major Cineplex.
Future Park Rangsit provides many products and services but lacks sports facilities, entertainment complexes or playgrounds, said Ms Jittinan. The company's research has found that such services are also unavailable in the Rangsit area.
The company has completed a 1-billion-baht renovation of its shopping centre this year, she said. Next year the company will focus on increasing customers' convenience and will spend 300 million baht on marketing its shopping complex, she added.
To celebrate the 14th anniversary of Future Park Rangsit this year, the company plans to spend 20 million baht on a marketing campaign called "Future Park 14th Anniversary Grand Splendour" from Sept 25 to Oct 4 with discounts and free mini-concerts.
The company expects the event to attract 10% more customers and to increase sales by 20% at the centre's shops.
Sales at Rangsit Plaza Co grew by 5% in the first eight months. The company aims for its sales to reach 1.5 billion baht by the year-end, about 5-8% higher than last year.
The decision to temporarily stop developing a community mall worth more than 1 billion baht was due mainly to the economic downturn but also to doubts about the potential of community malls, said vice-president Jittinan Wanglee.
"Though community malls are increasingly popular as one prospective retail segment to expand during the weak economy, there are both investors becoming successful and failing in the market," she said.
The company is currently in talks with two or three prospective investors in entertainment and retail businesses for developing projects in a 700-rai plot surrounding Future Park Rangsit.
The completed project, to be developed step by step, would be known as Future City. The Wanglee family's Pipatanasin Co owns 800 rai of the area,of which 108 rai have been developed into the Future Park Rangsit shopping complex. Another 150 rai house major retail operators including Index Living Mall, Home Pro and Major Cineplex.
Future Park Rangsit provides many products and services but lacks sports facilities, entertainment complexes or playgrounds, said Ms Jittinan. The company's research has found that such services are also unavailable in the Rangsit area.
The company has completed a 1-billion-baht renovation of its shopping centre this year, she said. Next year the company will focus on increasing customers' convenience and will spend 300 million baht on marketing its shopping complex, she added.
To celebrate the 14th anniversary of Future Park Rangsit this year, the company plans to spend 20 million baht on a marketing campaign called "Future Park 14th Anniversary Grand Splendour" from Sept 25 to Oct 4 with discounts and free mini-concerts.
The company expects the event to attract 10% more customers and to increase sales by 20% at the centre's shops.
Sales at Rangsit Plaza Co grew by 5% in the first eight months. The company aims for its sales to reach 1.5 billion baht by the year-end, about 5-8% higher than last year.
RANGSIT PLAZA FREEZES COMMUNITY MALL PROJECT
Rangsit Plaza, operator of Future Park shopping complex in Rangsit, yesterday announced a freeze on new development projects, including a community mall to be built on a nearby 700-rai plot of undeveloped land.
The company will instead seek potential investors able to develop their own projects, including sports and entertainment complexes, to occupy the land based on a long lease or joint investment contract.
"Developing a community mall requires a huge budget of more than Bt1 billion, but it is not a good time amid the economic recession to pursue such an investment," said Jittinan Wanglee, vice president - sales of Rangsit Plaza.
She said the development of a community mall required major tenants able to fill the retail space and act as magnets to build up consumer traffic.
"We also cannot find appropriate tenants for our new community mall project at this moment," said Jittinan, adding that the company would not make any decision on developing such a mall until it could find the right tenants and anchors for the complex.
She said the company was not confident about the success of community malls during this time of economic difficulty.
"Though the community mall is now a popular model developed in the market, there are investors who have been successful and others that have been failures," she said.
Owned by Pipatanasin, the land-owning company founded by the Wanglee family, the entire land plot - the so-called Future City - occupies 800 rai. About 108 rai have already been developed as the Future Park shopping mall and 150 rai have been occupied by other retail anchors, including Index Living Mall, HomePro and Major Cineplex.
The remaining land surrounding the Future Park complex is still to be developed.
Jittinan said Future Park had completed its major Bt1-billion renovation in the first half of this year. The process took almost three years.
"We will next year focus on pushing our efforts to build up convenience for our shoppers. The company will next year invest Bt300 million as a marketing budget to attract a higher number of people to our shopping mall," she said.
She added that Future Park planned to spend Bt20 million on its "Future Park 14th Anniversary Grand Splendour" campaign. The campaign, including "Super Shows Super Stars" concerts and special discounts of between 10 and 30 per cent offered by Central and Robinson department stores, will be held from Friday to October 4.
The company expects the campaign will increase the number of visitors to its shopping complex by 10 per cent, as well as lift sales at tenant stores by an average of 20 per cent.
The company will instead seek potential investors able to develop their own projects, including sports and entertainment complexes, to occupy the land based on a long lease or joint investment contract.
"Developing a community mall requires a huge budget of more than Bt1 billion, but it is not a good time amid the economic recession to pursue such an investment," said Jittinan Wanglee, vice president - sales of Rangsit Plaza.
She said the development of a community mall required major tenants able to fill the retail space and act as magnets to build up consumer traffic.
"We also cannot find appropriate tenants for our new community mall project at this moment," said Jittinan, adding that the company would not make any decision on developing such a mall until it could find the right tenants and anchors for the complex.
She said the company was not confident about the success of community malls during this time of economic difficulty.
"Though the community mall is now a popular model developed in the market, there are investors who have been successful and others that have been failures," she said.
Owned by Pipatanasin, the land-owning company founded by the Wanglee family, the entire land plot - the so-called Future City - occupies 800 rai. About 108 rai have already been developed as the Future Park shopping mall and 150 rai have been occupied by other retail anchors, including Index Living Mall, HomePro and Major Cineplex.
The remaining land surrounding the Future Park complex is still to be developed.
Jittinan said Future Park had completed its major Bt1-billion renovation in the first half of this year. The process took almost three years.
"We will next year focus on pushing our efforts to build up convenience for our shoppers. The company will next year invest Bt300 million as a marketing budget to attract a higher number of people to our shopping mall," she said.
She added that Future Park planned to spend Bt20 million on its "Future Park 14th Anniversary Grand Splendour" campaign. The campaign, including "Super Shows Super Stars" concerts and special discounts of between 10 and 30 per cent offered by Central and Robinson department stores, will be held from Friday to October 4.
The company expects the campaign will increase the number of visitors to its shopping complex by 10 per cent, as well as lift sales at tenant stores by an average of 20 per cent.
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