THAILAND Greg Watkins Executive Director British Chamber of Commerce Thailand E: greg@bccthai.com W: www.bccthai.com
BCCT Financial Report August 2015 in Baht '000 Revenue Actual YTD Actual YTD Actual Budget August August December 2015 2015 2014 Proforma 2014 Invoice Subscriptions 9,700 9,151 8,835 866 9,316 Joining fees 300 223 309 56 465 UKTI revenues 8,300 7,941 6,676 9,936 Events, net 2,300 1,086 802 160 2,262 Annual sponsors 1,600 3,255 3,218 1,621 Publications, net 1,800 543 -206 335 1,917 E-marketing revenue 800 666 212 205 377 Interest income 200 113 74 184 25,000 22,978 19,920 26,078 Expenses Budget Actual Actual People 18,000 12,783 11,249 17,550 Office 6,500 4,449 4,929 7,688 Total expense 17,232 16,178 25,238 Full year 24,500 Surplus 500 5,746 3,742 840
BCCT OBN Project Team - Finance and Performance Indicators FULL YEAR to MONTH CURRENT QUARTER YEAR TO DATE 31/8/15 Month: August % 100% of FY Target % Actual Target % Actual Target % Actual Target Actual Actual Actual Actual Expenditure 803,367 609,378 76% 2,410,100 1,232,735 51% 2,410,100 3,450,405 143% 9,640,400 36% Service 50 25 50% 150 75 50% 250 268 107% 600 45% Deliveries Webinars 0.33 300% 1 1 100% 1.667 1 60% 4 1 25% Roadshows 0.33 1 300% 1 1 100% 1.667 2 120% 4 50% Revenue 144,606 103,732 72% 433,818 312,891 72% 433,818 565,404 130% 1,735,272 33% (Gross)# Business 125,000 208,333 41,667 10,000 24% 916,000 733% 1,892,372 908% 500,000 378% wins Pipeline: *Fixed exchange rate of GBP 1 = THB 48.2020 Chargeables proposals 4 10 22 sent out Wins 2 4 7
BCCT STAFF ORGANOGRAM 2015 GREG WATKINS KRIT FONGPITAK Executive Director Driver & Messenger JINTANA (JINA) LADDAWAN KINGKAEW PHENIX CHING LI ARCHER RUNGJIT TANTISANTIWONG PREEHACHINDA Business Business Services JARERNPONGANARN Business Services Finance & Admin Events Manager Development Manager Manager Manager Manager PATTRA SIRILUCK SIVAPORN PHIMPHIKA PATTAMA UROSESRI HORTONG RUNGRUANG PEUNGPIAN ARTTHAKHAN PANJANONT DOLLY CHAN INTARAKHAO Business Business Membership & Membership & Finance & Events Events Services Services Website Advertising Admin Coordinator Coordinator Coordinator Coordinator Coordinator Coordinator Coordinator
YTD YTD BC BCCT CT EVE EVENT NTS S 2014 - 2015 2015 2014 2014 (Jan’15 - Sep’15) Breakfasts Br 3 3 Luncheons 9 5 Ev Evening ing 12 12 13 13 Presentation Pr ions/Di /Dinners Ne Networking ing 20 20 16 16 Bo Boardroom m Br Brief iefing ings 20 20 10 10 Sp Special ial Ev Events ( ( Lif ife & & St Style, le, Christ Ch istma mas Lu Lunch, , An Annual l 3 1 Lecture & Di & Dinner) Sports (Ba (Bangkok Ma Masters, , Go Golf lf 2 1 etc.) .) Workshops 10 10 16 16 Sit Site V Visi isits 6 0 Ea Eastern Se Seaboard 13 13 11 11 Chian iang Ma Mai 1 3 Ph Phuket 2 3 Western Se Seaboard 2 4 Total l 103 103 87 87
Thailand – Macroeconomic Data • 67 million population • 2nd largest ASEAN Economy (after Indonesia) • 4th largest per capita GDP – just under $10,000 ($9,874 PPP basis) • Rising disposable income – 33% under 25yrs • Strong economy • Real GDP growth 1.5-3%: 5-6% in 2015 • Good economic mix - manufacturing = 1/3rd GDP • Corporate Income Tax: reduced to 20% on 1 Jan 2013 • VAT: 7% 26 th out of189 countries in World Bank’s Ease of Doing Business Survey •
Business Opportunities in Thailand • Automotive – larger than UK • Food/Drink and Retail – Taste of Britain • Engineering – UK products held in high esteem • Education and Training – also in ASEAN neighbours • Healthcare – some of world’s leading hospitals/clinics • Infrastructure projects eg railways, Bangkok Metro, deep sea ports • Energy – renewables to replace fossil fuels • Agribusiness – Thailand a world leader in food processing
Challenges to Market Entry • Military government: constitution being re-drafted with elections next year? • UK business and HMG continue to engage with Thai government • B2B unaffected and healthy market remains for UK exporters • Key indicator is FCO Travel advice - apart from small section of extreme south - Thailand still safe destination • Visitors to Thailand unlikely to see any evidence of military rule • Thailand is hugely resilient – business sector very strong
BCCT Business Services Bespoke Market Research Developing Contacts in-Market : Value of business wins YTD: Reach new customers, distribution £1,892,372 channels and key sector contacts Visit Programme Arrangement Number of service deliveries YTD: 268 Company background checks Event Management and Support Number of chargeables YTD: Tariffs and Customs Research 7 General enquiries about doing business in Thailand Taste of Britain Trade Mission Support Market Briefings
Taste of Britain Results • 4 week campaign (25 February – 24 March 2015) with 80 participating supermarkets across Thailand • Over 1,000 UK products were displayed – 90 new for the campaign. • Sales of UK products over the month of the campaign – GBP330,000 • Rise in sales of UK products, over the similar campaign period last year – GBP 98,000 • Value of marketing/PR/advertising provided by Central/Tops – GBP 100,000
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