Category Archives: Business

Why Do Bars Offer Happy Hour Promotion In Sukhumvit?

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Why would someone ask that? This is probably the reason why you’re now starting to read this article. New applications may have popped up nowadays especially when you want to focus on connecting customers with bars during happy hours and promoting new discounts. For many, it might even be a question when the best hour for any day may be. For establishment owners, you will want to create a happy hour to make your business generate more money. The happy hour promotion in Sukhumvit will truly help you get more people coming into your business and possibly have more revenues. Here are the reasons why:

  • Attracting new customers

If you offer a persuasive happy hour, you can have people coming to test your business. Many people want to know the best place they can hang out and surely with adequate discounts in their favourite place, it can be a sure hit.

  • Customer loyalty

It feels really great when a customer gets rewarded for coming to a certain place again and again. So for the regular customers, it’s a chance to show them your appreciation. You can introduce them new products like some cocktails which has never been tried before. You can feature your happy hour promotion in Sukhumvit and make them hooked at these hours.

  • Girls

Yes, I know, but this can be the main reason why your bar can succeed or fail. If you have adequate females working at your bars, guys can decide whether they should come or not. Let’s face the fact that most guys want to buy girls a drink, and that’s can’t happen if they are not there. So to have guys mingling at your bar, you can have a girl drink free happy hour with them.

  • Slow times

There are instances where sales in your establishment are slower and will need an initiative to make it livelier. So why not settle for a happy hour promotion in Sukhumvit for that purpose. Here you can have various people coming in from home or work and having a great drink of beer on your couch.

Thai Cosmetics And Food Industries Targeting Chinese Tourists

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Thailand is expecting about 11 million Chinese tourists for 2018, a massive increase from 2010’s visits of 1 million, meaning that China is now Thailand’s biggest source of international tourists. Additionally, data from Thai government figures shows that these tourists are spending more per person, which is why the country’s food production and cosmetics industries have aimed their branding in Thailand towards this demographic, with more and more products targeted to these visitors.

This is all on top of the benefits that the country experiences like increased activity for hotels, tour operators and airlines, among others, and the profit is attracting investors, who are now driving up share prices in companies across the country, primarily those concerned with their price-to-earnings ratios. Security analysts, while appreciative of the profits, have pointed out that tourists’ preferences can change very quickly.

One company riding the trend, is Do Day Dream PCL, with their products like the Snail White cream, with their branding in Thailand aimed at Chinese tourists, with Snail White cream, for example, markets itself as being based on a snail secretion filtrate moisture system, which is not something that can be acquired back in mainland China.

The company’s product sales have skyrocketed since 2014, ever since foreign beauty bloggers, particularly those in Hong Kong and Singapore, put their products on the spotlight with rave reviews, according to their Chief Financial Officer Piayawat Ratchapolsitte, with their revenue hitting BT1.7 billion in 2017.

After You, meanwhile, is a popular cafe chain in the Thai capital, with its iconic Shibuya Honey Toast, bread served with ice cream, drawing in Singaporean and Malaysian customers, which was then followed by a tide of Chinese tourists, resulting in the long queue times currently seen in its branches. To capitalize on foreign appeal, the franchise now has ‘durian rooms’ for those that enjoy the fruit, often banned on vehicles and airlines in the region thanks to its smell.

Taokaenoi, a local snack company known for crispy seaweed, has also seen growth. According to Koosoon Rattanaporn, the company’s Head of Investor Relations, 20% of the company’s 2017 profits were domestic sales to tourists, while 60% of the year’s revenue was from exportation, nearly half to China.

Other companies are growing thanks to the Chinese tourist demand, and the economy’s share prices are clearly expecting more, with Do Day Dream’s shares worth 21x the industry average, After You at 79x, and Taokaenoi at 43x. According to CGS-CIMB Securities Thailand analyst, Uraiwan Tantisuwannakul,, this is because these companies are at their growth stage. He adds that domestic consumption has slowed in the past few years, which is why investors are now so willing to pay for shares in firms with plans to appeal to the Chinese demographic.

Japanese Manufacturer Fined For Involvement In Car Parts Cartel

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Japan’s Yazaki Corporation, an international electrical automotive parts manufacturer, has been fined by the Australian government for a whopping AU$46 million, after being found guilty of running a cartel in parts supplies.Yazaki is one of the largest car parts manufacturers in the world, with a specialization of electrical components, such as electrical cables, dashboard instruments and meters.

The decision vindicates the appeal made by the Australian Competition and Consumer Commission’s (ACCC), who launched a counter-argument against the original fine decided by the Federal Court back in 2017, which amounted to AU$9.5 million.

According to the ACCC, Yazaki and their Australian subsidiary, Australian Arrow, engaged in cartel-like conduct and price fixing, with the primary impact felt by wire harnesses used in manufacturing the Toyota Camry models from 2003 to 2009.

The case against Yazaki was first brought to the Federal Court back in 2012, after it was discovered that Yazaki and Sumitomo Electric Industries, another Japanese company, had come to an agreement  to fix their prices on automotive parts and market shares across the world.

The evidence for the case came from Sumitomo, which cooperated with ACCC for the case. The appeal court’s judges found the two companies guilty, saying that they agreed to respect each other’s incumbency across the world, and set prices that would have their incumbents retain their positions in particular geographic markets across the world. The collusion was deceptive, and included misleading TMC Toyota about the nature of their responses.

Cartel conduct is regarded as the most pernicious, or subtly harmful, breach of competition law, and it is usually done with such discretion that it’s hard to identify, the judges say.

ACCC Chairman Rod Sims spoke on behalf the rest commission, saying that they welcome the verdict. They appealed to the trial judge, believing that the original fine of AU$9.5 million was not enough to deter Yazaki or other businesses in engaging in cartel behavior and operations in the future. The ACCC’s appeal argued that a penalty of between AU$42 million and AU$55 million.

Mr. Sims explains that cartel conduct is illegal not just because it’s cheating, detrimental to consumers and other businesses alike, but also because it can hamper healthy economic growth.

Newest Hotel Openings In Asia Early May 2018

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Asia’s tourism sector is always changing, with some new development popping up on a regular basis. From a new Yangon hotel in Myanmar, to a new hotel brand setting up shop somewhere in the region, the industry always has something new up its sleeve. Here’s a look at some of the latest hotel openings for the first week of May 2018.

North Gate by Jetwing, Sri Lanka

This new hotel is Jetwing’s second hotel in Jaffna, considered as the capital of the Northern Province of Sri Lanka, and is conveniently located a mere 20m from the Jaffna Railway Station. A 44-room hotel possessing aesthetics inspired by the local culture, also offering the high quality mod cons in every room, like rain showers, and a tea/coffee facility and complimentary mini bar. Other facilities outside each room include restaurants, gym, swimming pool, and others.

Mecure Yangon Kaba Aye, Myanmar

A new Yangon hotel in Myanmar, this property is Mecure’s entry property in the city. Offering 183 rooms and suites, and guestrooms that range from 32m2 to 135m2, all fully furbishes with complimentary kitchenette and separate lounge and dining space. On-site amenities include the MiCasa Restaurant & Bar, open for all-day dining, a 21m lap pool, gym, and function spaces that can hold up to 210 pax. For those with little tykes, there’s also on-site babysitting services available.

Hoshino Resorts OMO7 Asahikawa, Japan

Hoshino Resorts’ first property under their latest brand; OMO, this straightforwardly designed hotel offers 237 compact rooms, complimented by an OMO Cafe &Bar which offers complimentary breakfast, a lobby lounge designed in local Asahikawa aesthetics. For those inclined to read, there’s also a library, designed to resemble a loft.

Grand Hyatt Xi’an, China

A new entry into the historical city of Xi’an, this 396-room hotel is Grand Hyatt’s latest property, with each room features aesthetics akin to a desert mirage. Other amenities include four restaurant and bars, all conveniently located on the 106-m high Sky Bridge that connects this new hotel with the nearby office space. Located as part of the MaikeCenter, the hotel offers a total of 2,134m2 of space for events and functions.

Courtyard by Marriot Iloilo, Philippines

The newest property opening in Iloilo City, this 15-storey property by Marriott under the Courtyard brand offers 324 rooms, alongside other amenities, such as a lobby designed in the “Refreshing Business” style, which feature media mods, free Wi-Fi, and seating areas that ideal for setting up meetings and social gatherings, plus 279m2 worth of meeting space, capable of holding 180 people, for major events and functions. Other facilities in the hotel include a Runway Kitchen, an outdoor swimming pool, guest laundry and a fitness centre.

Tax ID In Ohio Will Ease Out Legal Processes

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To establish a business will make your dreams come true especially if you have achieved your targets. To be your own boss is a unique experience that anyone can have. However, you need to handle a lot of things like some investments, sources, time and above all the legal processes which will include your, employees, bank accounts and taxes. You also need a tax ID in Ohio to ensure you are able to make relevant tax returns to your state.

Doing all the paperwork may not really mean you are the Boss of your own business. You need to do a lot of formalities such as applying for an employer identification number or EIN to secure your business in terms of legal processes like tax returns and opening bank accounts. If you’re living in Ohio, you need a tax ID in Ohio at all times to identify your business properly.

So What Really is an EIN?

The EIN in Ohio will compose of 9-digit numbers. It’s similar to a social security number for your business where you can legally process related documents to the IRS. It brings lots of benefits especially when you do EIN search. The number is provided by the Internal Revenue Services or IRS, which you may have applied before you started earning income for you as an individual or a business owner.

The employer identification number or EIN is also known in different other names like tax identification number (TIN) or federal employer identification number (FEIN). This is very relevant in the United States, most likely in the state of Ohio, where income earners are mandated to submit relevant income tax forms and pay their taxes on scheduled date like April 15th.

All business organizations that hire employees for their operations will need an EIN for all their business matters. If the business has been sold to a new proprietor, the new owner will need to secure a new tax ID in Ohio for reference.  If the business owner declares bankruptcy or offers a retirement or pension plan, this will need an EIN. To open a bank account will need an EIN. There are still other reasons that require an EIN and you can search for that information from the IRS website.

Provincial Condo Outpacing Bangkok’s Real Estate

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Whilst people in Thailand are seeing increasing prices for their long stay apartment rentals in Bangkok, the markets in the outlying provinces outside the capital still outpace the capital’s market, according to property market experts.

According to property market expert SurachetKongcheep, the floods that ravaged the country in 2011 led to the shift in the market, which lead to a lot of projects following the massive flooding that struck the Central part of the country. Flood victims who were living and staying in their long stay apartment rentals in Bangkok, moved to the outlying cities, with Cha-am, Hua Hin and Pattaya having seen the most influx, with many properties in the areas being fully booked within a few days of the floods.

Now, years after the flooding, many residents in the Thai capital are still shopping for properties in the cities outside the capital, and developers have taken notice. Developers are now launching new residential projects in coastal locations, with listed developers that have several other projects in tourists destinations also developing in the coastal cities.

In particular, coastal cities within two-hours of Bangkok are especially popular, both for emergency properties and weekend homes. Major cities in every region in the country are gaining traction, with many listed developers launching projects in these cities.

Some areas, notably, are now seeing development activity in their bounds from big-name developers. Though, as the major developers move into these locations, the smaller locals are having problems competing with the larger developers, and are being forced to adapt to the changes of the market.

In cities like Chiang Mai, KhonKaen and UdonThani, among others, a property launched by any major developer, around the size of 1,000 units, is about enough to cause major changes in the local markets, while similar location usually see increases of several  hundred units, if they see increases at all, annually.

The major developers are playing catch-up with the local markets, with the boom in the provinces outside Bangkok that followed the flooding unfurling over the years following the catastrophe. That being said, the lack of convenient rail travel lines into the cities keep the prices down, with developments slowing down since 2014.

However, the light rail projects leading to these cities that have been starting up may soon mean that the market may become interesting again, and these projects will become one of the key factors for boosting the markets in the provinces outlying the capital.

Kasikornbank In Thailand Provides Meeting Rooms With State-Of-The-Art Audio System

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One of the most important factors to consider when choosing a meeting room is location. If foreign guests are expected to attend, the location must be conveniently accessible to the airport or the city’s financial and business district. Additional requirements include parking space, super-fast Wi-Fi, state-of-the-art equipment and good food and drinks.

Kasikornbank, one of the largest commercial banks in Thailand has hired AV integrator Mahajak Development to install a completed networked audio system by Harman Professional Solutions. The audio system will provide more than 100 meeting rooms with high quality audio and intuitive controls. Harman Professional Solutions delivered the comprehensive networked audio solution composed of JBL speakers, Crown amplifiers, BSS audio processors and AMX control systems.

The JBL speakers have the capability to provide superior intelligibility and maximum audio coverage for the bank’s conference rooms while the AMX control systems will leverage on JBL’s Radiation Boundary Integration technology for consistent and wide coverage sound on the whole listening area. Crown CDI Series and ComTech Drive Core Amplifiers will provide power to the system. The audio throughout the facility will be networked and configured through BSS Soundweb London BLU-100 and BLU-50 signal processors.

Kasikornbank which has recently relocated to a new headquarters in downtown Bangkok wants to provide customers with modern services and amenities. The recently completed 11-floor, state-of-the-art office building requires a large scale, user friendly and sophisticated audio system with a modern and clean design that will enhance the aesthetics of the building. The Harman system that was installed by Mahajak is considered powerful enough for the meeting rooms and simple enough for the staff to operate efficiently.

The entire system is expected to provide intuitive operation for the AV system so that the bank will have a scalable platform for the future that will combine high performance, backward compatible and extensive security features.

In order to get the best deals when choosing a meeting room, it is important to request a quote for up to five locations at the same time. There are unique places as well as outdoor areas, conference halls, hotels, restaurants and cafes where you can hold an event.