Inform August/September 2012

A BUSINESS MAGAZINE OF THAI – ITALIAN CHAMBER OF COMMERCE AUGUST 2012

Myanmar:

Great Business Potential, but Issues Still Exist Photo by Dario Pignatelli

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Thai-Italian Chamber of Commerce

President's Message

PRESIDENT Mr. Lino Geretto – LGV Engineering Co., Ltd. Tel: +66 2 255 8717 Fax: +66 2 255 8716 Email: info@lgveng.com VICE PRESIDENTS Mr. Giacomo Mauri – River of East-West Harmony Co., Ltd. Tel: +66 81 814 5160 Email: gmauri11@gmail.com

Lino Geretto President Thai-Italian Chamber of Commerce

Mr. Sawang Pracharktam – Thai Optical Group Plc. Tel: +66 2 440 0506-8 Fax: +66 2 440 0509 Email: sawang@thaiopticalgroup.com HONORARY TREASURER Mr. Chakrit Benedetti - Italasia Electro Co., Ltd. Tel: +66 2 261 7990-9 Fax: +66 2 261 8700 E-mail: italasia19@hotmail.com HONORARY SECRETARY Ms. Tiziana Sucharitkul – Tilleke & Gibbins International Ltd. Tel: +66 2 653 5555 Fax: +66 2 653 5678 Email: tiziana.s@tillekeandgibbins.com DIRECTORS Mr. Federico Cardini – F. Infinity Chalon Co., Ltd. Tel: +66 2 207 8614 Fax: +66 2 207 2626 Email: fc@teakwoodburma.com Mr. Giancarlo De Santis – G.DS Co., Ltd. Tel: +66 2 391 4456-7 Fax: +66 2 391 0524 Email: info@gdscompany.com Fr. Giovanni Contarin – Camillian Hospital Tel: +66 2 185 1444 Fax: +66 2 185 1403 Email: cg_camillian@csloxinfo.com Mr. Luca Vianelli – MDA Consulting SEA Co., Ltd. Tel: +66 2 652 2447 Fax: +66 2 652 2448 Email: lvianelli@mda.it Mr. Pierre Nicou – Eurofood – The Commercial Company of Siam Ltd. Tel: +66 2 261 0245 Fax: +66 2 261 0243 Email: pierre@eurofoodthai.com Mr. Rene Okanovic – Berli Jucker Public Co., Ltd. Tel: +66 2 367 1092 Fax: +66 2 381 4541 E-mail: rene.okanovic@bjc.co.th, rene.okanovic@thaiscandic.com Mr. Renzo Ambrosini – Impero Co., Ltd. Tel: +66 2 664 4491 Fax: +66 2 258 1159 Email: info@giustorestaurant.com Mr. Romeo Romei – Quick Pack Pacific Co., Ltd. Tel: +66 2 367 1092 Fax: +66 2 531 6425 Email: romeo@quickpackpacific.com SECRETARY GENERAL Mr. Sandro Zanello Thai-Italian Chamber of Commerce.

1126/2 Vanit Building II, Room 1601B 16th Floor, New Petchburi Rd., Makkasan, Rajdhevee, Bangkok Tel: +66 2 253 9909, +66 2 255 8695 Fax: +66 2 253 9896 E-mail: secretarygeneral@thaitch.org

The Informa is the bi-monthly magazine of the Thai-Italian Chamber of Commerce, covering all business activities and social news of interest to the members of the Thai-Italian community and others active in the expanding Thai-Italian bilateral relations.

EDITOR: Thai-Italian Chamber of Commerce Tel: +66 2 255 8695 Fax: +66 2 253 9896 E-mail: info@thaitch.org EDITORIAL COMMITTEE: Thai-Italian Chamber of Commerce President: Mr. Lino Geretto Chairman: Mr. Giacomo Mauri Directors: Mr. Chakrit Benedetti Mr. Rene Okanovic Mr. Sawang Pracharktham Secretary General: Mr. Sandro Zanello Italian Embassy Representative: Ms. Somsri Pobpipugtra Italian Trade Commission Representative: Mr. Vincenzo Calì Dante Alighieri Association Representative: Mrs. Jane Puranananda Scand-Media Representative: Mr. Gregers Moller TICC Staff: Ms. Supat Kuanpradit Fellowship Researcher Ms. Martina Benedetti Fellowship Researcher Ms. Valentina Benini Fellowship Researcher Ms. Alessandra Ciardo Fellowship Researcher Ms. Tiffany Ma Fellowship Researcher Mr. Luke Scherschel English Editor PUBLISHER: Scand-Media Corp., Ltd. 211 Soi Prasert-Manukitch, Prasert-Manukitch Road, Chorakaebua, Ladprao, Bangkok 10230 Tel: +66 2 943 7166-8 Fax: +66 2 943 7169 Design: Disraporn Yatprom / Email: disraporn@scandmedia.com ADVERTISING CONTACT: Mr. Finn Balslev, Marketing Director Scand-Media Corp., Ltd. Tel: +66 2 943 7166 Ext: 116 Fax: +66 2 943 7169 Mobile: +66 81 866 2577 Email: finn@scandmedia.com - www.scandmedia.com Cover photo by Dario Pignatelli

Dear Members,

T

hese are exciting times to be in business in Southeast Asia, particularly in Thailand. In the past 25 years, Thailand has experienced a great economic growth that is continuing at present, despite some unfavorable events such as the political confrontation in 2010 and the severe flooding in 2011.

Myanmar is now rapidly opening up to foreign trade and direct investment, and could well become a great new business area in the next few years, following a Thai economic development model. Thailand is geographically and structurally well positioned to be an ideal launching platform for business in Myanmar. The present issue of Informa contains an article on Myanmar, its market potential and issues that need be resolved to attract substantial foreign investment. I am sure you will find this article interesting and useful.

I am glad to report that the membership in the Thai-Italian Chamber of Commerce (TICC) has grown to more than 160 companies. This reflects the dedicated and effective work of TICC staff on membership expansion, as well as general business expansion in Thailand and import-export growth from and to Italy.

Among the many events that saw the active involvement of TICC in the past two months, I would like to highlight the 2012 edition of the MovieMov Film Festival that was sponsored and organized by Senator Goffredo Bettini and the Italian Embassy. The film program represented a tribute to director Sergio Leone, well know for its “spaghetti westerns”, but also included films of prominent Thai directors. It was a great success, with record attendance in the opening evening of July 3 and the ensuing three days of film projections at the Central World shopping center.

Another event to be mentioned is the July 20 business luncheon that featured presentations

by Mr. Lorenzo Riccardi, an East Asia tax and finance expert, and Mr. Pierfrancesco Scalzo, Ducati Motors sales director for Asia. The first presentation was focused on the Chinese, Vietnamese and Thai environment differences. The second was a case study on Ducati motorcycles marketing. Both were well received by the participants. The event also offered a great networking chance for international businessmen. It was organized in cooperation with the British and German Chambers.

For November, the TICC is planning a major event in cooperation with L’Officiel fashion magazine, at the new Okura Hotel. It will focus on the best of the Italian high-image brands.

It will feature a fashion show, but will also include luxury items other than apparel.

I count on your continued support and involvement and I look forward to meeting you all at our next event.

Arrivederci, Lino Geretto

Valid until August 31 2012 Ä oÅ o ¹ ­· ®µ ¤

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Contents 8 8

10

14

16

6

Great Business Potential, but Issues Still Exist

10

Interview with Chi Wing Lo

12

An Insight into Buying Property in Thailand

14

MOVIEMOV 2012

16

Italian Festival Thailand 2012

18

Italian Trade Commission

An architect turned furniture designer for Giorgetti

Behind the Scene with the Stars

Bridging Tradition with the Future

‘PLAST2012’ – International Exhibition for Plastics and Rubber Industries

20

TICC Events

22

Fairs and Upcoming Events

23

20

Myanmar:

Member Area Welcome new members

COVER STORY

Myanmar: Great Business Potential, b June 20-21, Yangon: The 2012 New Myanmar Investment Summit Approximately 300 delegates from over 250 companies worldwide attended the Investment Summit held in Yangon. Despite the clear interest in Myanmar as a great new investment area, some key questions remain unanswered.

Foreign investors still have concerns that - in the law and regulations area - are about ownership issues, joint ventures, arbitration procedures and enforcement matters.

By Martina Benedetti

M

yanmar is eager to entertain the idea of FDI, however, the methods provided to secure these investments left an ineffective impression with potential investors. The conference portrayed the investment climate in Myanmar as a frontier market with big opportunities, big risks, and even bigger uncertainties. The investment framework might be acceptable with regards to the primary sector, but it is far from ready for capital intensive and sustainable foreign direct investment.

Oil and gas companies will enter the market at this initial stage, but the lack of infrastructure and high operating costs, coupled with political instability and a crippled banking system, will deter many Western investors, particularly those in the manufacturing industry.

Alessio Polastri, one of the key speakers at the conference, stated that although there was a positive response from a majority of the participants, the high price of land was a major deterrent to potential investors.

In his opening speech Dr. Kan Zaw, Deputy Minister for the Ministry of National Planning & Economic Development, stated that Myanmar is undertaking macro-economic reforms in order to achieve the goals set out by the new government. The recent shift in support of foreign investment is part of the plan designed to sustain and possibly adjust agricultural development to industrialization and all-round development.

Therefore, to achieve the nationwide aim of a per capita income of USD$3,000 in 2015, the development instituted among the different regions and states of the country would have to meet at an equilibrium.

Two new laws for FDI have already been enacted this year— the Special Economic Zone Law and the Dawei Special Economic Zone

8

Thein Sein (L), President of the Republic of the Union of Myanmar and Yingluck Shinawatra, Prime Minister of Thailand, stand between Myanmar and Thailand flags as they review an honor guard during Thein Sein official visit at the Government House in Bangkok, Thailand, on Monday, July 23, 2012

Law. However, foreign investors are eagerly waiting for the 4th of July, the day on which the final version of the New Investment Law should be approved.

The special Economic Zones that will take advantage of the incentives, special taxation regimes and exemptions from customs duty (for export processing zones) are the Dawei SEZ (under development), the Thilawa SEZ (in progress), and the Kyaukphiyu (to be developed).

Special zones other than those previously listed will be established soon and will receive similar benefits.

Currently, there is over USD$ 30 billion of FDI in Myanmar. The majority of these investments are in the oil & gas sector and in power & mining sector. Given so, the government would like to attract FDI in other promising sectors such as: agriculture, hotel & tourism, manufacturing, infrastructure, livestock & fishery, oil & gas, and energy & power. To the government’s advantage, it has already established an energy saving plan that aims to reduce the energy consumption by 5% before 2020 and by 8% before 2030. If the plan is successful, this would improve efficiency by 16% by the end of 2020 and achieve 15-18% of renewable energy in the total power installed by 2020.

According to Mr. James Finch, from the DFDL Mekong Group/Myanmar Thanlwin Legal Services, the new foreign investment law will be a consolidation of the Myanmar Foreign Investment Law of 1988 and the Foreign Investment Bill of 2012. The Myanmar Investment Commission will notify the list of economic activities that are open to foreign investors and those activities that are not.

With regards to the company forms, the main issues to be brought about by the new Law are: - the constitution of companies wholly-owned by foreign investors; - joint ventures with a Myanmar individual, a private company, a cooperative society or a state-owned economic enterprise; - joint venture investors must contribute foreign capital of at least 35% of the total; - the constitution of branch and/or representative offices (currently only for banks and foreign insurance companies) The minimum foreign capital required to set up a company, in cash or in other forms of equity, varies according to the type of company to be created; USD$500,000 for manufacturing enterprises and USD$300,000 for service companies. The incentives that will be provided include a 3-year-tax exemption (extendable if the activity is considered to be beneficial to the state) and the initial possibility of leasing land from the government or private entities

COVER STORY

, but Issues Still Exist Livestock & Fisheries, 1 Real Estate, 3 Hotel and Tourism, 3

Transport & Communication, 1

Power Oil and Gas

Agriculture, 0 Other services, 0

Construction, 0

Manufacturing, 4

Mining Manufacturing Hotel and Tourism Real Estate

Industrial Estates, 0

Livestock & Fisheries Transport & Communication

Mining, 7

Industrial Estates

Power, 47

Agriculture Construction Other services

Oil and Gas, 34

Investment in Myanmar

for 50 years, to be extended twice for 10 years each. One of the key controversial issues in this draft to the law is the fact that property rights cannot be given to foreign investors of persons. Foreigners are only entitled to use the land but not own it. To further complicate things, these rights of usage are subjected to several limitations. For instance, procedures that are submitted to the Myanmar Committee evaluation can be easily denied. Furthermore, in the agriculture sector, the maximum investment allowed is 5,000 acres of land (either for the set-up of new industries or the upgrade of current ones). Currently, the government is predominantly encouraging investors to develop in plantation, rice, sugar and cotton industries.

The investors that participated in the conference could not help but debate the pros and cons of this law. Certainty is imperative and a necessity, investing in Myanmar is no exception – there is a very big difference between high-risk investing and gambling.

The advantages of this market: the low cost of labor (USD$80 per month); a relatively higher level of English language proficiency compared to Myanmar’s neighbor countries; a positive political outlook since the last elections in November 2011, as well as the suspension of sanctions on Myanmar by several countries; 63 million potential consumers; relatively low level of competition (only a handful of foreign companies are already there); economy expected to be booming in the next 5-7 years; direct access to China, India, Thailand; natural resources (oil and natural gas, coal, iron, copper, tungsten, gold, gemstones, teak, landscapes , historical sites).

The possible barriers: political instability and unresolved local conflicts; lack of a master plan for national development; lack of infrastructure; uncertainty in the enforcement of foreign arbitral awards; lack of financing and access to banking facilities; lack of skilled labor;

Initial term of 30 years +

30+15

= 75 years

For large investments

15+15

= 60 years

For medium investments

5+5

= 40 years

For small investments

limited supplies and technologies; choice of local partners; low power supply despite a massive demand; lack of government financing for the infrastructure development. Eventually, the lack of transparency in the governments plan for development in various sectors exemplifies what occurred in China and Cambodia in regards to expropriation of land after having entered in a long-term lease contract.

Until the new investment law has passed, any decisions in regards to investments in Myanmar should be made with the aforementioned warnings in mind.

(Note: Granted at the discretion of the Central Body)

Land Leases in SEZs 9

INTERVIEW

Interview with Chi Wing Lo An architect turned furniture designer for Giorgetti Mr. Chi Wing Lo was born and raised in Hong Kong, studied at Harvard University in Boston, moved to Germany, and currently lives in Greece.

Living in different continents has allowed him to learn and absorb different cultures, thus, inspiring his work. However, do not be surprised if you “do not find any dragon, or any red color or any proper European feature” in his work. Mr. Chi Wing Lo utilizes his background as inspirational sources but does not depend on them to exemplify his work.

By Martina Benedetti

H

is cooperation with Giorgetti started in the early 90s, when his Harvard professor Massimo Scolari introduced him to the field of furniture design. With the aim to lead the company towards the modernization of its brand and products, Scolari chose Mr. Lo, who at the time was an architect and did not know, in his words, “anything about the world of furniture.”

This might have contributed to both Giorgetti’s and Lo’s success. To their advantage, the fact that Lo was not trained and educated in proper design, enabled him and the company to distinguish themselves as a furniture company with innovative designs and an unbiased approach.

Giorgetti and Lo’s first collaborative collection was launched in 1995. Despite how expensive the designs were, the collaboration proved to be successful because their product differed from what the market at the time offered. Instead of using typical materials, they used maple wood. And, instead of using typical designs, they used innovative designs from a foreign designer with a multicultural background in both eastern and western influence. At first, Giorgetti found working with Lo a challenge. However, he believed that being a “globalized” professional was the key to success and that design could be and would be accepted anywhere, regardless of the cultural heritage.

Lo defined the concept of Made in Italy as “the spirit and freedom of expressing the contemporary living with all its means and facilities”. He added that even if people still look at Italian design as of something special,

10

Mr. Chi Wing Lo they cannot keep relying on such a fact but have to bring in innovations and creativity.

Generally speaking, Italian companies should take in more foreign designers to be able to maintain a considerable position at a global level.

Despite the fact that Asian economies have been booming over the last 10 years, should Italian companies adapt to what Asian consumers want when designing a collection?

Lo has much to comment about this topic.

First, he himself does not conceive design for a determined final market and its features. He designs what he likes and “would like to have at home”. Second, Asian people accept and like Italian design as it is, so many people will keep on requesting its products. However, when a market becomes too mature and the newly rich generation is more educated (i.e.

China), people tend to look at their own culture under a different perspective. During booming economic phases, customers might look at the outside as a symbol and ostentation of richness.

This happens when the growth acquired allows certain income stability and wealth, becoming the moment in which the educated masses are introspective and appreciate their own culture more, subsequently asking for material things to reflect such attitude. This happens especially when companies fail to understand the uniqueness of a foreign country. Conversely, if they use a motive to express this culture, they are likely to be misunderstood and underestimated.

Lo stressed that the design has to embody the spirit of a country to express its culture. And by spirit he means the essence of a culture.

For example, red and gold are colors that are predominantly used in China. Lo states that one must interpret the character of Chinese culture to be able to interpret those elements into design.

When designing for the East, some Italian companies try to go more “oriental” to please the foreign country’s culture. However, because the Eastern spirits have not been fully absorbed and understood, the customers of whom these products are designed for are left unsatisfied.

On the other hand, there are also companies like Giorgetti that embody country-specific spirit and high quality in their products. Lo comments that quality is a feature that is understood and perceived to be fundamental across all cultures.

Lo suggests that Italian manufacturers choose a specific course of action—either make a product that pleases the foreign market or compose a collection that is comprised of elements that embody and represent that culture.

Would any of these courses result in a loss for the Made in Italy concept? Not necessarily.

As long as Italian companies keep producing innovative designs, Made in Italy will always be a symbol of excellence. In order to maintain this competitive advantage, the training and mentality of the craftsmen have to be initiated and fostered.

In April this year at the Milano fair, Mario Bellini, one of the most famous Italian designers, commented that he believed the concept or school of Italian design has been dead for years. Regardless of the criticism, Italian companies still enjoy attracting foreign designers because of their image of technological efficiencies and experiences in evolving creative talents to reality.

Lo also believes that education is the fundamental matter to any form of development and if the school is not competitive and productive, then Made in Italy would find it difficult to keep up with the competition.

Designs are easily replicated and new designers are emerging every day. To find a solution to this challenge for Made in Italy, innovations in design and production need to be implemented. These two aspects are not mutually exclusive to each other. For example, production can be outsourced, while design remains in Italy. Nevertheless, companies should never sacrifice quality for innovation.

This will be one of the biggest challenges that Italian designers will encounter.

With regards to his work, Lo thinks of himself as an archeologist in the sense that he wants his designs to be perfect inside and out. He believes that one should be able to

INTERVIEW

understand the techniques lying behind every piece. Archeologists are able to understand the complexities and technical skills required in making things work.

In Italy, the most popular material used for furniture is wood. Lo incorporated the use of wood in his pieces for his collection. Although he has been collaborating with Giorgetti for the last 16 years, it is hard to say which pieces in his collection were designed in 1996 and which were designed in 2010.

When asked about the possibility of using materials other than wood, Lo replied that there is no need for new materials. Wood is nice and adaptable. He would rather (as he did) combine it with other materials that customers can interact with; such as electronic devices, particular colors, and textures that give wood a different tangible impression. This is his take on giving wood another dimension and creating a look that is more fresh and modern.

Regardless of production issues, Maple is Lo’s choice of wood to use. He explains that there are many reasons why he chooses to use Maple instead of others. First, it is abundant and therefore less expensive than other materials. Second, its features are flexible, solid and smooth all at the same time, a rare combination to find in wood.

Would he consider producing design pieces at lower prices? Lo addressed this question from an atypical and peculiar view point.

He explained that due to his Chinese roots, he does not mind that his work be replicated or imitated. He believes that if others want to replicate his work, it proves that his product designs

Mr.Kevin Gambir, EURO CREATIONS Vice President – Business Development (Left front) Ms. Nishamon Eve Paiboonnukulkij, Marketing Manager (Right front) Ms. Marisa Gambir, Vice President – Retail Operations

believes that one should have “no worries of being copied if the idea at stake brings value to society”.

Lo is known for his ability to combine design, painting, sculpting, and architecture in his works. He explains that the role of lighting is an essential and fundamental component in his pieces as it gives the item a soul. In the East, Light has a very spiritual association. It cuts out the darkness of the world. Light plays a central role in a space, and to reflect this role in furniture is challenging because different materials are used and the effect is never predictable. Lo is proud to work with Giorgetti, who overcame his initial reluctance and hailed Lo’s idea of embodying light as a spiritual and fundamental element in their collection.

Lo does not have an inclination to work with things that come easy. In fact, he admitted that he has a preference for designing small-scale furniture. Furniture of small scale renders every possible mistake evident to the eye. It could be said that lighting and small-scale objects/ furniture share the feature of unpredictability and therefore need to be tested. Lo’s ability to melt wood-working techniques with his capabilities with light and its reflections exemplify the success and essence of his designs.

are both good and sought-after. Despite the fact that his imitations sold instead of his authentic design masterpieces, does not bother Lo. He

Giorgetti's collection will be available at Euro Creations Gallery on Thonglor in November 2012.

Over 350 square feet, the showroom allows a wide array of Giorgetti’s products to be displayed.

For further information: Euro Creations Gallery at Thonglor, 119 Sukhumvit 55, North Klong Ton, Wattana, Bangkok 10110 Thailand Tel: (66) 2 712-9555 Fax: (66) 2 712-8033 Email: sales@eurocreations.co.th

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BUSINESS FOCUS

An Insight into Buying Property in In the past decade, Thailand has been one of the most popular destinations in the Far East for tourists, with many visitors returning to make the country their permanent base. Many have been attracted by relatively low property prices, and low cost of living. This article aims to provide an insight into the property market and buying property in Thailand.

By Simone De Salvatore

Attention to Thai law Buying a property in Thailand is a process that requires good foresight and careful attention to existing Thai laws. One of the first issues is whether a foreigner can own property in Thailand. With regard to land, neither Aliens nor Alien Juristic Persons have the right to own land, or land with buildings, located in Thailand. In this context, the term "Aliens" refers to natural persons who do not have Thai nationality, or have lost or relinquished their Thai nationality.

The term “Alien Juristic Person” refers to companies, partnerships, associations or foundations in which more than forty nine percent of the registered capital is held by Aliens, or more than half of the members are Aliens. Therefore, with a few exceptions, foreigners are not allowed to own land in Thailand.

Probably the easiest option available to foreigners to buy property is to buy a condo-

minium. The only restrictions on purchasing a condominium in Thailand are, firstly, that the percentage of units sold to foreigners cannot exceed 49% of the total number of units in the condominium block and, secondly, that the funds used to buy the condominium must be remitted from abroad and registered officially by a Thai Bank on a "Foreign Exchange Transaction Form".

As a buyer, it is also important to be aware of the various land title deeds which exist, in order to understand what you are being offered. There are four main categories of land title deeds in Thailand: i) Chanote; ii) Nor Sor 3 Gor; iii) Nor Sor 3; and iv) Sor kor Nung.

A Chanote is a land ownership certificate.

The person with their name on the deed has full rights over the land. Therefore, if you are planning to buy land in Thailand, this type of

title deed is the preferred option. If land does not currently have a Chanote issued, or an application is pending, then a Nor Sor 3 Gor is issued. This type of deed may be sold, transferred, or mortgaged in a similar way to land with a freehold title deed, however the holder of this certificate cannot leave the land unattended for more than 12 years. The Nor Sor 3 is similar to the Nor Sor 3 Gor, the main difference being that land with Nor Sor 3 has not been officially measured by the Land Department. The final category of title deed is the Sor Kor Nung (Possessory Right). This is the least preferred title deed because, although it acknowledges that a person is in possession of a plot of land, it does not assign any rights of possession to that person. Additionally, a Sor Kor Nung is not transferable, so the owner must transfer physical possession of the land, and the transferee should then apply for a new Sor Kor Nung.

Understanding Thai property market As a middle-income country with strong growth, Thailand is aspires to ascend to “developed nation” status, and developments in its property market reflect this desire.

Around 2,700 new condominium units were completed and registered at the Department of Land during Q2 2011, bringing the total number of existing units available in greater Bangkok to nearly 304,000. The number of condominium units under construction and scheduled to be completed in 2011 was at its highest level since the Asian Financial Crisis of 1997. However, although this is important progress, Thailand is still facing many problems as a result of the floods during the last quarter of 2011. Because of this problem, during the first half of 2012 most developers in Bangkok have been undertaking a variety

12

BUSINESS FOCUS

n Thailand of marketing campaigns to promote their new developments and to attract buyers. Demand for condominiums also increased as a result of the flooding, because they are seen as offering a more convenient option for commuters.

The right place and the right deal As a property buyer, it is important to be aware of possible pitfalls of owning land or property in Thailand. For example, after a few years, a building in Thailand may begin to exhibit signs of wear and tear or damage. If you are considering making a long-term investment, or you want to live in the property, it is advisable not to buy a property over 10-15 years old.

We asked Salvatore Parisi, executive director of Tecnocasa in Phuket, for his opinion. He gives some clear advice on the pros and cons of investing in Thailand: “In Italy, we give top priority to safety and have strict criteria for the construction of properties - from the quantity of cement and iron required, to the quality of plaster used. So, if you are considering a long term-investment here in Thailand, it is important to understand that the standards for construction here in Thailand are not high as in Italy.

However, on the other hand, if you are looking at a relatively short-term investment, then it is possible to double or treble your investment

here in Thailand within a few years. This is not easy to do in Italy” said Mr. Parisi.

Most foreign investment in property is concentrated in Bangkok, where the heat, traffic, smog and distances all have a significant bearing on people’s ability to get around the city (whether walking or driving). Therefore, the presence of hospitals, markets and parks within easy reach of the condominium (or land) can all enhance a property’s value.

Property prices vary significantly across the country, but the main developed markets are in Bangkok, Phuket and Pattaya. The highest prices are in downtown Bangkok, where the average selling price is more than 130,000150,000 THB (3250-3750 Euros) per square metre, more than 45% higher than the average price for Greater Bangkok . In Pattaya, the cost of properties is cheaper than Bangkok.

Properties near the beach are the most soughtafter, with prices around 100,000-110,000 THB (2500-2750 Euros) per square metre, a 40% premium on average prices in Pattaya.

The Phuket property market is more complex.

According to Mr. Parisi: “The property market in Phuket is in constant evolution and it’s interesting to see how two similar properties located within a 15 km radius can command such a considerable difference in price. Phuket is the

biggest and most famous island in Thailand, so properties in Patong and near the beach can even reach 130,000 THB (3250 Euros) per square metre, a sharp contrast with properties located in less well known parts of the island where costs are significantly lower”.

If, after taking everything into consideration, you do decide to buy property in Thailand, the best thing to do to avoid problems, particularly as a foreigner, is to get expert local advice.

Having a specialist lawyer review contracts for you, for example, is essential because one common problem faced by foreign buyers in Thailand occurs when the owner/developer provides buyers with two contracts: one in Thai and one in English. However, as soon as you sign a contract in Thai language, it becomes a legally binding, so it is essential to check that the two contracts have the same content before signing either.

If you need more information, the TICC would be happy to assist you.

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MOVIEMOV 2012

MOVIEMOV 2012 Behind the S TICC's exclusive interview with Carolina Crescentini, Roberto Faenza, Elda Ferri, and Paola Minaccioni.

Answers to questions we were all dying to know.

By Valentina Benini Tiffany Ma

Carolina Crescentini: (Actress of The Entrepreneur) 1. What part of filming L’Industriale did you enjoy?

The set, the director. It is my second time filming with this director. He is the real cinema—with a capital “C”, like the Cinema that I studied at my university. He is not just a regular director; he is like a conductor of an orchestra. When you are filming with him it is like you are fighting soldiers in the frontline of a battle. You feel really involved and absorbed in your character.

2. What are your favorite scenes from the film?

The scenes that moved me most were the ones that we filmed on the street because it is not scripted but real. The people you see on the streets are not characters/actors in the film, but real people. People that were yelling “Work! Work! Work!” are not characters but real Italians rallying for a cause. For instance, the scene where people were protesting outside the factory was originally consisted of just actors. But, actual factory members, who were laid off a week before, came to join the protest because they thought that it was a real protest. This mixture between fiction and reality gave me and everyone involved in the film Goosebumps.

3. How do you feel about your character?

My character is controversial, especially in the dinner scenes with Pierre Francesco. At first, I judged my character because I personally would have behaved differently. But, the reality is that my character has been living with the absence of her husband for the last three years. And so, her attitude towards her life is very contradicting but is the result of her feeling alone and abandoned by her partner. But, I asked myself why is she looking for the Romanian garage keeper? Because, he is harmless.

He is the only one that could not cause any upheaval or chaos in her life. Gabriel made her feel young and made her smile. Whereas, her husband didn’t look at her anymore. He only starts to look when he becomes jealous.

4. What do you like about shooting Bangkok 24/7?

We started filming yesterday. We took a boat and went to Auora temple and were blessed by the monks. And, to be honest, I can’t explain how I feel. All the rituals we have seen and done, was to some extent for tourist, but I still feel emotionally connected. Because I feel like there is a fusion between cultural and spiritual life. Which is not religion anymore, but life.

That moved me deeply.

5. Do you like Bangkok?

Yes, I tried to visit Bangkok many times before but there was always something that prevented me from coming. And so, when the opportunity presented itself, I had to take it. Before coming to Bangkok, I visited some friends of mine in Koh Samui. One has been living there for a couple of months and the other has been living there for 12 years. After I visited, I realized why they chose to live in Thailand—it is like a different way of breathing.

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MOVIEMOV 2012

Scene with the Stars proposing me projects with these aspects, I am willing to produce but I would never think to direct. However, I am willing to give input on scripting.

(From L-R) Khun Suvannee Chinchiewchan, Deputy Managing Director SF Cinema City, H.E. Michelangelo Pipan, the Ambassador of the Republic of Italy to Thailand, Senator Goffredo Bettini, Artistic Director of MovieMov 2012, Ms. Carolina Crescentini, Actress, Ms.Paola Minaccioni, Actress, Mr.Giorgio Colangeli, Actor.

Roberto Faenza: (Director of Someday This Pain Will Be Useful to You) 1. What was your favorite part about filming this film?

The funny thing about this film is the way that it was made. Because it is the first time that an American Company and an Italian Company, co-produced a film together. I also enjoyed working with the casting director. When I arrived in New York, I already had a cast in mind, but I was lucky that I did not pursue that cast because it was basically obsolete. So, I met a really fantastic woman, Avy Kaufman, who is the most important casting director in America, she works with the best. Well, she fell in love with the story, and basically worked for free. Then she signed on and worked along the side of Elda. Ava was the one that is responsible for putting the cast together. When she suggested someone, I didn’t know that I could have such a great actor in the film. But, she was able to introduce and open that door.

She really did a fantastic job.

2. What made you want to direct this film?

Well, this is not the first film I did in America.

I shot a couple of films there before and I also teach at a university in America. I wouldn’t say I am familiar, but I do believe that I belong in a certain sense to the American contemporary cinema. What I really like about this film is that it has a very deep image of the contemporary culture today. For example, Occupy WallStreet – I would say that in a certain sense, our main character James, is a little towards that direction. He doesn’t accept society as it is now and would like to live in a different world.

3. Do you think that this film gives an accurate portrayal of American lifestyle and culture?

The film is based on a novel, by an American author, Peter Cameron. I presume that in his mind, he had the idea to paint a picture of life in New York City—how it is difficult for a teenager to grow up in a crowded city and how he is different from the masses. Basically, this young man who is 17 years old in the film, doesn’t see himself as part of the masses. He doesn’t want to go to college, he likes to read books, and he likes to stay with his grandmother and not with his teenager friends. Let’s just say that he is just really different from the rest. He has a family that is quite different also. He thinks it is quite strange how they are strange. I would say, that in the right mind, it is a picture of a contemporary society quite messed up.

4. What would you like your viewer to take away from this film?

It is an open story, so it depends on the viewer.

First of all, it is a film about identity. Today, it is very difficult to have a precise identity. Second, it is a story where the adults work and they show what kind of world they work in.

Elda Ferri: (Producer of Someday This Pain Will Be Useful to You) 1. Have you ever thought about directing?

No, I never thought about it and I don’t think that I would ever do it. It is one of the hardest and most difficult jobs. It is risky. As a director, you need to have very high confidence because your work is always under scrutiny and criticism. If the film is considered good, then you along with your crew get the praises. If the film is bad, it is all on you—it is your fault. I like being a producer and searching for projects that go a certain direction. As far as the social aspect of my job, if I had to choose, I would choose something that revolves around culture, politics, and society. As long as Faenza keeps

2. Did the film come out the way you hoped it would?

Yes, we are very happy with it. It is a very important movie because it is a film about “identities”. For example, the mother in the movie plays a role that a typical mother would not play. The film touches not just the identity of the main character James, but also identities in general. Identities today are becoming weaker.

The whole issue of identity is demonstrated in Italian society and psychoanalysis, in which I work with and am familiar with. The Italian society has taken this movie as a starting point to work with identity issues, both cultural and societal.

Paola Minaccioni (Actress in Magnificent Presence) 1. What did you like best about filming Magnificent Presence?

The scene I liked most was one of the first scenes where Elio and I are on the motorbike.

That particular scene was filmed during the first few days of production, and so I was very emotionally involved because I was in the presence of both Elio and Ferzan. I very much enjoyed my character and her relationship with Elio’s character. And let me tell you, that scene was not supposed to last that long. But, when Ferzan saw our chemistry, he decided to make it longer.

2. How was your experience working with director Ferzan Ozpetek?

First of all, it was very emotional because he came to watch me in my theatre performance four years ago. He chose me for a role in his previous film, Mine Vaganti. After Mine Vaganti, he gave me another opportunity in this film, Magnifica Presenza, where my character has many dramatic facets. He is the first director who believed that I could perform dramatic roles in Cinema and not only in Theatre. Because he saw what others couldn’t see in me, he gave me the fantastic present of being able to see myself playing dramatic roles in cinema.

3. Who do you think is the Magnificent Presence of the film?

In my opinion, the magnificent presence is Elio and Ferzan. Elio for his wonderful performance and Ferzan for his bravery on creating a film based around ghosts. Ferzan creates a tune with you and tries to connect with each actor.

He loves you and he makes you each person feel very important. Sometimes, he yells but it makes you feel privileged.

15

THE EMBASSY OF ITALY

Italian Festival Thailand 2012 Bridging Tradition with the Future T

he Italian Festival in Thailand, which takes place every year around the month of June, is a multifaceted structure that recalls the great variety of the Italian history, culture and geography. Thus it includes art exhibitions, performances, concerts, a film festival scientific conferences and workshops. By means of the Festival - with the motto Bridging Tradition with the Future - the Embassy of Italy in Bangkok intends to present to the Thai public the Italian contemporary reality, where hi tech developments have been enriching the well-known excellencies of the past. While promoting this rich and articulated image of Italy, similarities and links between Italy and Thailand cannot be missed, enhancing therefore the bilateral cultural cooperation on a people-to-people level, especially among the young artists and students.

This year the Italian Festival has been ranging from modern, cutting edge design and art exhibitions to conferences focusing on the new goals and challenges of the Italian space program, from jazz, folk and opera music to a film Festival featuring the most recent productions alongside with cult movies.

In mid May, the Festival kicked off with an extraordinary jazz concert by Paolo Fresu Quintet, one of the most well-established and famous jazz bands in the world. A full house of excited guests was treated to the good vibes of the groovy jazz instruments at the theater of the Faculty of Arts at Chulalongkorn University.

The Italian vibe continued when one more big gig was held by one of the most well-known Italian folk/rock music bands. Teresa De Sio and her group brought their shiny and vibrant sound from the South of Italy, unleashing with «pizzica» and «tamurriata» a Mediterranean wind straight into the heart of Bangkok.

More Italian cultural bites were spotted during June. At Crystal Design Center, a showcase was held focusing on the famous design brand Magis and its Puppy Collection, which was redecorated by Thai architects and interior designers. This event was followed by a

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seminar bringing updates from the 51st Milan Fair's furniture and decoration trends held by editors of some of the best known Thai interior design magazines including Casaviva and BaanlaeSuan. The month has continued with the exhibition of the Dignity Design Collection, where a showcase of home and fashion accessories conceived by Italian designers and realized by Thai artisans within the working initiative of the Good Shepherd International Fund, was exhibited for sale at Siam Paragon.

Afterwards we assisted to nothing less then MovieMov, the Italian Film Festival, one of the best bridges between Italy and Thailand. Organized by the Embassy in collaboration with “Playtown Roma” the second edition of the Film Festival was held during the first week of July.

The Festival, where the audiences voted the Ozpetek movie «Magnifica Presenza» best film, created a hint of Italian atmosphere in Thailand.

With well beyond 6500 in attendance for the screenings and more than 3000 attending the retrospective of Sergio Leone, one of the most

important film directors of all time, the Festival has been an extraordinary success. Following the wave of the Film Festival, on the occasion of the 100th Anniversary of the master’s birth, the Embassy of Italy screened a documentary about the great cinema director Michelangelo Antonioni.

On the 18th of July, a seminar has been held at Chulalongkorn University relating to the Italian Space program. Focusing specifically on the success of the COSMO Sky-Med satellite and on the future of the industry, the event presented to a public of experts and students of the scientific and engineering faculties new developments spurred by innovation and high technology. Investments in scientific research by the Italian government and the excellence achieved by the Italian industry in the field has been illustrated by important representatives of the Italian space sector. The seminar also saw important contributions by prominent Thai specialists with a view to strengthen a fruitful and lasting cooperation between Italy and Thailand.

July has ended with the performance of the Dance Company Il Posto and their Vertical Dance show at Mega Bangna shopping centre: an unique performance which challenges gravity using the areal space like a living stage and amused the spectators in the suggestive frameworks of Mega Bangna dome.

More events are scheduled for the rest of the year. In September, on the 23rd, the Spellboud Dance Company of Rome will perform a contemporary interpretation of Vivaldi's masterpiece «The Four Season» at the Thailand Cultural Centre as part of the 14th International Festival of Dance and Music. On the 30th, a Gala Dinner will be held at the Sofitel Sukhumvit featuring tenor Giorgio Trucco accompanied

by A. Firrincieli on piano. The concert will be preceded by the opening of an exhibition of the Italian photographer Luca Carrà. With these events fast approaching, September is set to be a good month for Italy aficionados in Thailand.

‘PLAST2012’

International Exhibition for Plastics and Rubber Industries

P

lastic and Rubber Processing Industry is one of the most competitive industry in term of technologies and creative innovations. Italy is at the forefront among leading nations in providing advanced technologies for these sectors.

In order to update the advanced and latest technologies available in Europe and Italy in plastic and rubber sector in 2012, the Italian Trade Commission (ICE) in collaboration with Assocomaplast (the Italian Plastics And Rubber Processing Machinery And Moulds Manufacturers’ Association), with kind support from the Plastic Industry Club of the Federation of Thai Industries (FTI) and Thai Plastic Industries Association (TPIA), invited 5 delegates from Thailand to visit ‘PLAST 2012’ in Milan, Italy.

The delegates comprised of representatives from Prepack Thailand Co.,Ltd., Reangwa Standard Industry Co.,Ltd., Wandee Panich Industry Co.,Ltd., Thai Rotary Plastics Co.,Ltd. And Petform Thailand Ltd. ‘PLAST 2012’, the triennial international exhibition in Plastic and Rubber Processing Machineries was taken place at the ultra modern fairground of Fiera Milano, in Rho-Pero, Milan, from 8th – 12th May 2012. The fair was the largest exhibition for plastic and rubber industries in Europe in 2012 with 1,514 exhibitors from 58 countries, on a net surface of 56,832 square meters, a 2.5% increased from 2009 edition. The fair presented the entire production chain of machines, equipment, moulds, raw materials, regenerated materials, composites, semi-finished and finished products for the plastic and rubber processing industries. It was a vivid opportunities to meet suppliers of top advanced and latest plastics and rubber processing technologies. PLAST2012 contained various features that highlight and broaden the panorama of novel technologies and innovative applications, displayed prominently in 6 halls.

Not only plastics, the satellite ‘Rubber’ exhibition organized in collaboration with the ‘Assogomma’ (the Italian Association for the Rubber Industry) offered insight information of innovations and technologies apply for this market segment. PLAST2012 was organized

by Promaplast Srl and supports by the Italian Ministry of Economic Development, Assocomaplast, Euromap (Europe’s Association for plastics and rubber machinery manufacturers)

Thai delegates had a meeting with Italian company

Showcased of Italian cutting edge technologies for plastics and rubber processing

and UFI (the Global Association of the Exhibition Industry).

There was new feature of this edition ‘Plastic International Award’ organized by the fair management in collaboration with Poli.Design (a consortium of Milan Polytechnics) which is an international contest reserved to innovative proposals for applicative solutions relating to main plastics processing technologies presented by design professionals and students.

Varieties of interesting programs as collateral events were scheduled during PLAST2012: conventions, conferences, and workshops to offer platforms for exchanging experiences among professionals regarding to major technologies involved in plastics and rubber processing, as well as press conferences by exhibitors that illustrated their latest innovations in a variety of applications.

Interesting issues of the technical conferences, congresses and seminars comprised of; the Impact and sustainability of PVC toward earth, water and air; Italian research on active packing focusing on nano-materials, SPE national meeting on plastics, EPS between energy and environmental sustainability, Biodegradable polymer packaging (Biopolpack), Thermally

conductive polymer nano-composites, Smart plastics for a high quality supply chain in agriculture and innovative in plastics coating (Verplast).

PLAST2012 was held in the coincidence within the ambient of Technology Exhibitions Week. The visitors had great opportunities to visit also ‘Fluidtrans Compomac’ and ‘Mechanical Power Transmission & Motion Control’ (foremost events for technicians and project engineers to update the latest innovations in the fields of hydraulics, pneumatics, mechanical power and mechatronics) and ‘Xylexpo’ (the biennial world exhibition for woodworking technology and furniture supplies). This synergy generated to diver trade fairs dedicated to innovation and technology for industry The Italian’s technology for plastics and rubber processing is leading worldwide for its creativity, innovations, highest quality and capacity to provide custom-made solutions to satisfactory meet the customers’ particular requirements.

Year 2011 was considered the satisfying year for the Italian manufacturing industry of plastic and rubber processing machinery, equipment and moulds as the revenues in the sector was over 4 billion euro, an increase of 11% from 2010 with significant increased in exports at 19% from sales worth overall 2.4 billion euro.

The next edition of PLAST will be held during 5-9 May 2015 at the Fiera Milano Exhibition Center in Rho-Pero, Milan, Italy. For more information about this largest exhibition in Italy showcasing latest and cutting edge technologies for plastic and rubber processing industries, please visit www.plastonline.org.

Market for Italian plastics and rubber machinery & equipment (million euro)

2009

2010

2011

Production

3,300

3,600

4,000

Export

1,833

2,010

2,430

Import

484

570

605

Domestic market

1,951

2,160

2,180

Trade Balance

1,349

1,440

1,825

Source: Assocomaplast

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ADVERTISEMENT

A part view of our current ongoing project, Kata Ocean View Condominium

Villa Neptune winning of the international award Oceanic Management’s Villa Neptune project overlooking Chalong bay in Phuket Island, recently won “Best Property Single Unit in Thailand 20122013” at the Asia Pacific Property Awards. Here, Patrick Catellani, Oceanic Management CEO, talks about the company success and ongoing projects.

INFORMA: What makes your projects stand out from other similar projects in Phuket and elsewhere in Thailand, overall?

PC: Apart from the modern-smooth designs, great location with sea view and value-formoney with regards to construction quality and standards, I believe that our strongest selling points are the after-sale service such as tailormade in-house management and very efficient rental program. Most buyers only came in Phuket one or two weeks a year therefore they need to relay on us for the maintenance and care of their property. Our team is made of 35

peoples to a total of 114 units completed so far, a ratio of 3 units per staff. In this way we can assure prompt response to all buyers’ needs.

INFORMA: What are your target market demographics groups?

PC: In such instable economic world environment we must be very flexible and quick to switching from one market to another.

When we start to build the first project in Phuket in 2006 we were mainly targeting European.

At that time we were selling 4 units per month.

In 2008 it all changed and we move away from the European market and start to promote in Russia and China. Right now we mainly focus in the China market though Thai buyers came to us by word of mouth. The majority of our buyers are foreign families who buy as an investment. Only recently I’ve noticed that some Europeans are starting to look again the possibility of investment, but for relocations purposes. Therefore we are seeking law firms and consultancy agencies to team up with in order to create tailor-made package for those in need of additional services (long term visas, health & care, education program overview, job opportunities…etc…)

INFORMA: What are the demographics of your existing clients?

PC: Currently we have 20% Thai nationals, 20% Chinese, 15% Russian, 25% South Europe (French, Spain and Italy), 10% Americans and 10% Australian. Most of the buyers are buying for investment and let us handle the rentals. Our rental program is very strong and gains are averaging 5% NET per year.

From left are Mr. Bill Jones ASEAN director from RICS (event sponsor), Mr. Alvin Tay, director of commercial banking at HSBC (event sponsor), Mr. Patrick Catellani, CEO at Oceanic Management and Award Winner, and Mr. Stuart Shields, CEO at International Property Media (event organizer)

INFORMA: What is the ratio of freehold vs. leasehold titles?

Approximately 40% foreign freehold, 20% Thai freehold, 40% Leasehold

ADVERTISEMENT INFORMA: Can you comment about your recent award?

PC: There where about 650 participants in total and in the “Best Property Single Unit” award category about 50. Only 10 from different countries got into the finals. I think we won for two reasons. Firstly because of the design, with its unique modern and clean lines integrating innovative construction technology, energy efficiency and ecofriendly and hidden security applications.

The second reason, I think, is because of the unique way we market and pre-sold the villa to the first investor. We appointed a Chinese advertising and marketing agency (Rayken Brand Communication) instead of a more conventional real estate agency for the pre-sale of Neptune Villa as we’ve noticed that Chinese real estate agents are not really effective for sales outside China while advertising company have many potential buyers within their client’s networks. Just for the records the Villa was sold off-paper at one night event organized by the advertising agency in a famous disco-club of Shanghai. I did not expect to win but I was sure that our project would have ranked among the best in this market bracket.

INFORMA: What is Oceanic Management’s specialty and vision?

PC: Our pioneering past is something we're very proud of in Oceanic Management.

The building of 'eco-friendly homes' is our direction. That goal is to create a home which is 'friendly' to its inhabitants and sympathetic

to the environment in which we live. This vision stems from a growing awareness that the homes in which we live, and the buildings in which we work, are not always as 'healthy' as we would like them to be. Sick building syndrome has been linked to respiratory problems, headaches and sore-eyes. FuengShui philosophy and “vertical-green” concepts applied to construction may solve many of these problems. Oceanic Management aims to participate to the construction of the first environmentally-friendly and sustainable ecocity in Asia.

INFORMA: Everyone talks about ecobuildings, but what is all about?

PC: The basic and more common principles related to eco-building construction strategies are the usage of energy-efficient appliances, usage of water conservation systems, usage of free-toxic building materials, implementation of collection system for control and reduce waste and packaging. More advance concepts are related to the health and wellbeing areas by focusing on the basic physical, emotional and spiritual needs of the home's residents, considering healthy lighting, color and sound, controlled temperature and humidity and good indoor air quality to enhance the living environment, designing a safe and user-friendly home, designing houses using Fueng-Shui principles. There are also economic performance to consider such as the maintenance of the home plus initial 'running costs' pay-back period; strive for a balance

between ecological integrity and economic viability. A swaying factor in Eco-friendly house buyer’s decision is to go with ours design emphasis on looking 'normal'. At Oceanic Management we believe that the home does incorporate a range of eco-friendly products and concepts but on the surface it can looks like any standard house. We always like to emphasize that an eco-friendly home doesn't have to look alternative to work and be costeffective. In brief: the aim of the eco-friendly home is to create a family environment which is kind to nature, 'healthy' and sympathetic to the lifestyle of its occupants.

Oceanic Management is an architect-design and construction company based in Phuket Island Contact details: Oceanic Management Co., Ltd. 9/52 Moo 9, Chaofa East Rd., Chalong, Muang 83130 Phuket, Thailand Tel.: +66 (0)76 283445-6-8 Fax: +66 (0)76 283447 Email: info@oceanicmanagement.com www.oceanicmanagement.com www.oceanic-global.com

Villa Neptune: the awarded project

TICC EVENTS

MOVIEMOV Italian Film Festival 2012 Opening

T

hanks to the Ministry of Culture -- Directory General of Cinema, Italian Embassy of Thailand, Chamber of Commerce in Rome, the province of Rome, and Senatory Goffredo Bettini, TICC participated in the Italian Film Festival organized by Playtown Roma. The event was a huge success bringing more than 1000 guests from all over Thailand and Italy.

Not to mention, the gala night held on July 3rd, was a memorable night where guests enjoyed fine Italian cuisine and wine.

MOVIEMOV Gala Dinner

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TICC EVENTS

Aperitivo Italiano- Get Together on 14 June 2012

I

t has been a while since the last Aperitivo Italiano- Get together in Bangkok held on December 2011. The most recent was just held in collaboration with Vespa on June 14, 2012 at a wonderful Italian restaurant called “Ugolini”. Marvelous Vespa scooters were showcased at the entrance. Guests were able to take pictures, soak in the nice atmosphere, all while enjoying fine Italian food and wine.

China vs. Southeast Asia - Business Luncheon

T

he Thai Italian Chamber of Commerce in collaboration with the German Thai Chamber of Commerce and British Chamber of Commerce Thailand organized an interesting business luncheon at Sheraton Grande Sukhumvit, Friday 20th July 2012 focused on business opportunities in China, Vietnam and Thailand with a detailed comparison between these countries.

The two speakers Mr. Lorenzo Riccardi, Chartered Accountant, Partner GWA China and Mr. Pierfrancesco Scalzo, ASIA Sales Director, Ducati Motor (Thailand) introduced the tax system and investment sectors in East Asia, and the market of 2 wheels in Asia followed by the Ducati’s case in China and South East Asia.

Mr. Scalzo received the TICC membership plate

(From L-R) Sandro Zanello, Lorenzo Riccardi, Pierfrancesco Scalzo, and Elia Righetti

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TICC FAIRS & UPCOMING EVENTS

International Trade Fairs in Italy (September – November 2012) Exhibitions In Italy

Detail

Date

Venue/Website

MACEF Milano

International home, bijoux, costume, jewellery show.

6 – 9 Sept.

www.macef.it Milan

Fiera Del Levante Campionaria Generale

International exposition of building, furniture; business center, auto show.

8 – 16 Sep.

www.fieradellevante.it Bari

SANA

Exposition of organic food and drink.

9 – 12 Sep.

www.bolognafiere.com Bologna

Salone Nautico Internazionale

Boat show

6 – 14 Oct.

www.fiera.ge.it Genova

Oroarezzo

International gold, silver and jewelry trade exhibition

16 – 18 Oct.

www.oroarezzo.it/incontri-autunno/it/ Arezzo

ENADA

Sport and leisure

17 – 19 Oct.

www.enadaprimavera.it Rome

Promessi Sposi

Wedding Fair

8 – 11 Nov.

www.promessisposi.info Bari

International Trade Fairs in Thailand (August – October 2012) Exhibitions In Thailand

Detail

Date

Venue/Website

International Sugar Rice Maize & Agriculture Expo Asia 2012

Rice sugar maize industries, boiler & turbine, processing machinery, Lab equipment and Packaging

Public: 29 – 31 Aug.

Hall 8, Impact Exhibition & Convention Centre, Bangkok (Thailand) www.isrmaxasia.com

Bangkok Gems & Jewelry Fair (GEMS 2012)

The World's Gems & Jewelry Hub

Trade: 13 – 15 Sep. Public: 16 – 17 Sep.

IMPACT, Bangkok, Thailand www.bangkokgemsfair.com

Thailand International Logistics Fair (TILOG 2012)

Storage System/Warehouse, Transportation Services, Truck and Trailer/Commercial Vehicle

Trade: 19 – 22 Sep. Public: 19 – 22 Sep.

BITEC, Bangkok, Thailand www.logisticsfair.com

Bangkok International Gift & Bangkok International Houseware October Fair 2012

Gift & Houseware

Trade: 16 – 19 Oct. Public: 20 – 21 Oct.

BITEC, Bangkok, Thailand www.bigandbih.com

Upcoming Events August – November 2012 Date

Event

Location

Aperitivo Italiano - Networking Event with Franco Thai Chamber of Commerce

To be confirmed

6 Thu.

Young Professional Event with AMCHAM

KOI Restaurant

To be confirmed

Mozzarella Campana and San Marzano’s Tomato Event

To be confirmed

27 Tue.

Aperitivo Italiano - “With Love”

Witch’s Tavern, Soi Thong Lor

4 Thu.

Aperitivo Italiano - Networking Event with the Irish Chamber of Commerce

Giusto Restaurant

13-17

Annual Convention of the Italian Chamber of Commerce Abroad (Perugia)

Perugia

Made in Italy Event in cooperation with L’Officiel Magazine

Okura Prestige Hotel Bangkok

August 23 Thu. September

October

November 14 Wed.

22

MEMBER AREA

Welcome New Members Hotel Partners AD SYSTEM ASIA Mr. David Lambert (Managing Director) 1501, 42 Tower 15th Floor, 65 Sukhumvit Soi 42, Kluaynamthai, Klongtoey Bangkok 10110 T. 02 713 6158 F. 02 713 6158 E. info@adsystemasia.com W. www.adsystemasia.com Sector: Consulting

CAVAGNA GROUP ASIA LTD. Mr. Thomas Jan Cheng Long (Managing Director) 79 Moo 4, Suan Luang, Krathum Baen Samut Sakhon 74110 T. 02 420 2078 F. 02 811 0738 E. manuelsguazzi@cavagnagroup.com W. www.cavagnagroupasia.com Sector: Producer and distributor of LPG Cylinder

KORMAN ITALIA S.P.A. CO., LTD. Mr. Marino Marini (General Manager) Porto Franco Nuovo Mag. 55- 34123 Triesta- Italia T. 00 3940 301534 F. 00 3940 300791 E. marino@korman.it W. www.korman.it Sector: Logistic

MASTER BKK CO., LTD. (DIVINO FOOD & WINE) Mr. Roberto Ferin (Managing Director) 522/3 Floor 1 Room 6, Sukhumvit 55, Thonglor 16, Wattana, Bangkok 10110 T. 02 714 8723 F. 02 714 9655 E. info@divinobkk.com W. www.divinobkk.com Sector: Food and Beverage

Restaurant Partners CHALYBS CYLINDERS LTD. Mr. Gian Luig Cola (President) 23rd Floor, M Thai Tower, All Seasons Place, 87 Wireless Road, Lumpini, Pathumwan, bangkok 10330 T. 02 627 9456 F. 02 627 9001 E. guido.degano@chalybs.co.th W. www.chalybs.co.th Sector: High pressure gas cylinders producer

S.A. PETROTECH CO., LTD. Mr. Somsak Trongwongsa (Managing Director) 91/58 17th Floor CTI Tower, Ratchadapisek Rd., Klongtoey, Bangkok 10110 T. 02 661 9966-77 F. 02 661 9981 E. somsak@sapetrotech.co.th W. sapetrotech.co.th/ Sector: Steel piping materials

EAST WATER RESOURCES DEVELOPMENT AND MANAGEMENT PLC Mr. Praphant Asava-Aree (President & CEO) 23-26/F Eastwater Bld., 1 Vipavadeerangsit Soi 5, Vipavadeerangsit Rd., Jomphol, Jatujak, Bangkok 10900 T. 02 272 1600 F. 02 272 1603 E. praphant@eastwater.com W. www.eastwater.com Sector: Utilities

SACMI (THAILAND) CO., LTD. Mr. Massimo Nanni (Director) 1 MD Tower, 13th Floor, Unit B Soi Bangna-Trad 25, Bangna-Trad Road, Bangna Subdistrict, Bangna, Bangkok 10260 T. 02 399 2686 F. 02 399 2687 E. office@sacmithai.co.th W. www.sacmithai.com Sector: Consulting

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