Prime Minister Prayut Chan-o-cha has declared that Thailand will fully reopen its borders within four months. The country will be also ready to begin welcoming fully vaccinated foreign tourists, starting with Phuket on 1 July.
“The time has now come for us to look ahead and set the date on which we can fully open our country and start welcoming visitors, because it is one of the important ways by which we can start to reduce the enormous suffering of people who have lost their incomes,” Mr. Prayut says.
“I know this decision comes with some risks because, when we open the country, there will be an increase in infections, no matter how good our precautions may be, but I think, when we consider the economic needs of people, the time has now come for us to take a calculated risk. The priorities for our country must now advance to the next level.”
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Sauna is one of the most discussed interventions which could strengthen our immune systems. Dr. Marc Cohen, who is a medical doctor and a professor of health sciences, believes that sauna and heat-stress could potentially help prevent and even treat COVID-19. He adds that saunas remain an integral part of a healthy lifestyle that includes exercise, smart eating, and sleeping habits combined with social interaction.
After making yearly vacations to Thailand for about 10 years, Juha Timonen finally decided to stay in the country for good in 2004. He sold part of his business in Finland and started building condominiums in Pattaya for a clientele consisting mostly of Russian, Finnish, Chinese, and other foreign nationals. The venture paid off as Siam Oriental Condos today has become synonymous with quality, personalized service, and good value for money.
“We always try to collect all our experiences and incorporate them into our new projects,” says Timonen, founder, and director of the all-around, low-rise development company. “With excellent location and quality, we’re able to deliver to our clients the best condominiums for less.”
Drawing on the latest Scandinavian building technologies and the support of its own construction company, Siam Oriental is set to complete its 11th development project in early 2021. Also located in Pattaya, STAR condominium offers a breathtaking view of the sea from units crafted with the finest materials. Tenants will get to enjoy a sunroof deck with a swimming pool, gym, Finnish-style sauna, underground parking, and high-speed internet for every unit. A subsidiary is also dedicated to maintaining the properties or helping tenants who want to rent out their units.
“We’re in the middle of Pattaya and a short way from Sukhumvit, the motorways, and Bangkok,” Timonen says. “You can walk safely around the neighborhood as we are lucky to have a royal resident residence here. In the evening, you won’t believe you are less than a kilometer from one of the world’s biggest nightlife districts.”
Siam Oriental projects are also only a few hundred meters away from the sea and inner-city 8-hole golf course.
The market is going through many changes now and leaves only the best real estate developers with long-term views alive and standing – Siam Oriental being one of them.
“It is important that an investor or home buyer feels safe and confident when buying a piece of real estate from Thailand, it is not the easiest decision to make. Investing in Siam Oriental projects is a safe bet – we have delivered all our projects by the schedule promised.”
“For investors and holiday home buyers, the time for buying is now more than ever – quality and service are more and more important to stay in the competition. You can now invest in high-quality projects with the same price as before and get more value in return.”
Siam Oriental is ideal for both, as a holiday home or investment.
“We have satisfied customers from both groups and with different budgets. You can choose to have your property for only yourself or give it for rent, or why not both?!”
Perfect as a retirement home, as hundreds of expatriates have already made their decision to spend their retirement within Siam Oriental projects. Perfect as an investment, as Pattaya is growing every year and people are looking for more rental homes. Many people have also chosen to have a mix of the two – have a holiday in their own home within Siam Oriental for a few months and earn passive income the rest of the time while renting out their property.
As Siam Oriental embarks on more projects, it welcomes new clients and entrepreneurs.
“Investors and buyers can always tell us straight what they want as we are highly flexible,” Timonen says.
“We can tailor payment and investment programs and other concerns in a truly personalized manner as we nurture lasting relationships with everyone.”
Source: Discovery Report Group (Victor Lanza, John Patrick Malolos, Lynnie Dayrit)
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Some excerpts from Mauri Kotamäki’s (Chief Economist/Finland Chamber of Commerce) latest July 2020 economic review:
The more open the economy, the more open it is also to disruptions in the economy. Finland is an open economy with about 40% of its GDP coming from exports.
One of the main tasks of decision-makers is to reduce the uncertainty that has been growing dramatically during the last few months.
This year, the total amount of exports and proof-of-origin documents given by the chambers of commerce has decreased significantly.
If the coronavirus crisis would impact the economy the same way as the financial crisis 2008-09, the economic growth would turn positive during the 2nd quarter of 2021. In this case, the GDP would drop only by about 6%.
Here are my thoughts today and some information about our events in June 2020.
FOURTH OF JUNE
Today is the birthday of Carl Gustaf Emil Mannerheim, the most famous military leader and former president of Finland, who helped Finland earn its independence.
The occasion is also celebrated as the Flag Day of The Finnish Defence Forces. The military reserve forces and reserve officers are an important part of The Finnish Defence Forces. The Finnish military national defence is based on the civic duty of military service. Once you have completed the conscript service part of the liability for military service, you will be mustered out in the Finnish Defence Forces’ reserve. Most of the conscripts, who are trained to be officers, graduate from the Reserve Officer School (Reserviupseerikoulu) which is a part of Army Academy and where they receive leadership training. Since 1920 the Reserve Officer School has trained over 175,000 reserve officers for the Finnish Defence Forces reserve.
Thank you Marshal Mannerheim and The Finnish Defense Forces for the Independence of Finland and congratulations the Reserve Office School for 100 years of leadership training!
NEW CORPORATE MEMBERS
Lunawood Oy brings the heart of the forest into everyone’s life through their product Lunawood Thermowood.
Aneo Software Oy helps O&M teams to execute strategic maintenance programs by providing their cloud based CMMS software service to keep operations up and running 24/7.
Welcome to our chamber!
TFCC EVENTS & WEBINARS 2020
The first TFCC Webinar: “Channel Sales in Asia” was organised on 13 May 2020 and facilitated by Asian Insiders
TFCC Advisor and former president Mr. Jari Hietala and his partners Mr. Pietro Karjalainen and Mr. Volker Friedrich from Asian Insiders conducted the webinar online.
Almost 30 participants received information about “How to Develop Your Sales via Third Party Sales Channels?”
A new TFCC webinar is coming up on 15 June 2020 from 12:30 pm to 1:30 pm
Thailand’s Education Sector: An Update of Developments and Opportunities for Finnish Companies
Practical guidance for Finnish entrepreneurs who think of expanding into Thailand’s growing market post COVID-19
The webinar will be organised in collaboration with The Embassy of Finland to Thailand and Education Finland.
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A new ministerial regulation has been issued to ensure the preservation of environmental quality and the law compliance of factories in Thailand. More details of this regulation in the attached newsletter.
I think we were all looking for the end of the national state of emergency and celebrate May Day (Vappu) today; however, at the end of April, the government spokesperson announced that the Cabinet has decided to extend the national state of emergency and related measures, which include maintaining border closures and the current 10 pm to 4 am curfew until 31 May 2020.
Unfortunately we had to cancel our traditional annual Vappu Party 2020, but don’t worry, Vappu comes again next year!
Patience is a virtue so let’s be patient and build up our resilience while working at home and staying with our friends and families …
That was the bad news and now to the good news …
Our accounting service supplier KlarACC, who is also our corporate member, took over the secretarial and administrative services from our office manager.
Our private office room for two was downgraded to open office space for one to save cost.
Our address remains the same; however, we don’t have office phone number anymore, only mobile.
Our vice president and treasurer Mr. Antti Rahikainen and executive director Mr. Teuvo Tuomi have done a great job negotiating new agreements with KlarACC and IW Serviced Office!
A new TFCC webinar is coming up on 13 May 2020 at 4:00 – 5:30 pm
Our former president and current advisor to the board, Mr. Jari Hietala and his partners at Asian Insiders will facilitate a webinar about Channels Sales in Asia – How to develop your sales vie third party sales channels? More detailed information about the webinar is here: https://thaifin.org/events/channel-sales-in-asia/
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Our office manager, Ms. Kewalin (Kel) Kiatchusak, ended her employment at our office yesterday in order to move to Finland and start studying intercultural studies at Helsinki University later this year. On behalf of TFCC I want to thank her for her services to all of us and I wish her good luck in Finland!
Our intern Miss Henna Kirjavainen ended her internship in March and she will complete her thesis concerning TFCC Inbound Marketing Strategy in Finland. We will share the results of her study at our annual ordinary general meeting on 21st September 2020 at Rembrandt Hotel in Bangkok.
A few strategic decisions were made in March 2020 …
Instead of recruiting a new office manager the board of directors of TFCC decided to outsource secretarial and administrative services from 1 April 2020 to KlarACC Co., Ltd., who is already delivering accounting services to TFCC. Services requiring legal advisory will be outsourced to Wissen & Co. Lawyers just as before. Wissen & Co. Lawyers is our Partner and both companies are our corporate members.
Board of directors of TFCC decided to terminate our contract concerning private office space for two persons with IW Serviced Office Co., Ltd.; however, we decided to sign a new contract with IW Serviced Office from 1 April 2020 concerning office space for one person only on the 23rd floor of Two Pacific Place building. Our executive director, Mr. Teuvo Tuomi, will continue working for us and he will use the office space alone from now on.
Outsourcing secretarial and administrative services and downgrading office space for one person only will reduce our fixed cost to minimum.
Unfortunately almost all of our events like so many other events in Thailand have been cancelled due to present global situation as you all know; however, we plan to organize Vappu Party on 1st of May and continue our monthly TFCC Get Together Meetings (GTM) on the last Friday of the month for those, who are healthy.
The outcome of the present situation is that several corporate and individual members of TFCC have had to downscale or shut down their operations or even withdraw their business from Thailand completely. The impact of this is reduced income from annual partnership and membership fees as well as lack of sponsorship income from planned, but cancelled events. The board of directors will monitor the situation and control costs in order to survive until the situation is over and we will get back our old members or attract new ones. I hope all our members, who can continue their memberships will renew their membership in due time.
For your information I started working today for a privately owned company called ANEO Software Oy from Finland. I set up and registered Thailand Representative Office of ANEO Software in Q1/20 and now I am acting as the Representative Office Manager in Thailand and Chief Marketing Officer (CMO) in South-East Asia. ANEO Software Oy develops software for asset and maintenance management and its maintenance management system, ARTTURI, is the leading solution for maintenance management in Finland. ARTTURI is now available in Thailand and will be delivered to customers as a service rather than licensed software.
I am now working from my home office in Chonburi (Pattaya) as so many other people do nowadays conducting virtual meetings and focusing more work time on inbound digital marketing rather than outbound marketing.
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