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What’s top of mind for corporate real estate in 2019? – Property, Real Estate

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Increasing alignment of corporate real estate’s (CRE) strategic goals with broader enterprise priorities is a key insight emerging from JLL’s top 10 CRE trends for 2019. 

They include a mix of both priorities that are shared across the business (including CRE), as well as real estate-specific strategic priorities and operational imperatives.

Enterprise wide priorities impact CRE as much as any other part of an organisation, or CRE has a role in delivering or enhancing:

  • Responsible enterprise: Like other functions, there is mounting pressure for the organisation to be more transparent and accountable. This incorporates data protection, responsible procurement, and high standards of ethics.
  • Inclusive workplace: Companies that embrace diversity and inclusion perform better, and an inclusive culture can improve innovation. CRE can play a major role by facilitating an inclusive workplace that supports diversity in all its forms.
  • Urban futures. Businesses are considering extensive range of factors to inform portfolio, location and talent strategie It’s not just about cost; other factors like resilience, access to talent pools, innovation ecosystems and more are also key considerations.
  • Collaborative ecosystems. Reinvention and new ways to innovate are core enterprise priorities. Developing a network of internal and external partners is crucial in driving continuous innovation

We are also seeing new and emerging CRE strategic priorities that support the business:

  • Future Fit enterprise: JLL’s 2018 Future of Work Survey of over 500 real estate leaders worldwide points to a strong correlation between best in class CRE strategies and profit growth.  Organisations exhibiting characteristics such as experimentation with new technologies, and open…

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Real Estate Investor's Secret Weapon

Thailand Business News

Real Estate Investors have a unique tool in their arsenal that other types of investors do not. One of the oldest tax code sections is 1031. This secret weapon is called a 1031 exchange. It is one of the few areas of the tax code where the US Government allows taxpayers to sell an asset […]

The post Real Estate Investor's Secret Weapon appeared first on Thailand – China.

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MNRE presents Green Youth award to public universities

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BANGKOK, 8th August 2019 (NNT) – The Ministry of Natural Resources and Environment (MNRE) presented 2019 Green Youth awards to public universities which have been evaluated by the Green Youth Project, preparing to be a green university.

Six universities that won the Gold Green Youth include Valaya Alongkorn Rajabhat University, Maejo University, Chumphon Campus, Nakhon Si Thammarat Rajabhat University, Udon Thani Rajabhat University, Khon Kaen University and Chiang Mai Rajabhat University. Silver and Bronze Green Youth Awards were presented to 42 universities which have been evaluated by the Green Youth Project nationwide from four aspects including eco-friendly consumption, waste management, green space increasing and energy management at the university. It is aimed at preparing for development of the universities into green universities.

Mr. Wijarn Simachaya, MNRE Permanent Secretary, said last year, a Memorandum of Understanding (MOU) was signed with universities throughout the country to support the environmental activities of youth at the universities, allow students to eat environmentally friendly food, manage waste, manage energy and increase green space. This will develop the universities into green universities.

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Thailand’s four challenges : Debt, inequality, plastics and climate change

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Thailand’s four challenges : Debt, inequality, plastics and climate change

Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok (July 24th), said Thailand faces four challenges that require good governance in businesses to address.

He said that Thailand has a high level of income inequality, citing statistics from the Office of the National Economic and Social Development Council which reveal that the richest 10% of the country’s population have incomes that are 19 times higher than the poorest 10%, adding the former own over 61.5% of the country’s land while the latter barely own 0.07%.

Bank of Thailand Governor Veerathai Santiprabhob
Bank of Thailand Governor Veerathai Santiprabhob

Reckless spending and the debt trap

The BOT governor went on to say that a lot of Thais are still trapped in a cycle of debts with 78.7% household debts to GDP, which was partly resulted from businesses that encourage consumers to resort to reckless spending.

Dr. Veerathai referred to research, from the Puey Ungphakorn Institute for Economic Research, which shows that Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old.

Some are still in debt even in retirement. The average debt has risen from about Bt70,000 per person in 2010 to about Bt150,000 in 2017.

Worsening climate change

Dr. Veerathai also said that worsening climate change could also pose a threat to Thailand. Many industries may be required to close down for environmental reasons, and new diseases will emerge because of…

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Address elephant tourism the sensible, scientific way says expert group

Elephant tourism in Thailand continues to undergo some disapproval and the call for all captive elephants to be released into the wild. While such suggestions may be made with the best intentions, and maybe commendable, how valid are they?

“In an ideal world, all elephants would be free in nature. However, due to human population increases and habitat destruction, the reality is there is not enough appropriate habitat to support current wild populations of Asian elephants, let alone reintroduce the existing population (upwards of 15,000 in Asia) of captive elephants.

“Furthermore, it is a complex process to reintroduce captive elephants back into the wild. In addition to the lack of habitat, released captive born elephants can increase the human-elephant conflict, as they are used to interacting with and are not afraid of humans. Additionally, captive elephants may carry diseases that, if contact is allowed, can potentially spread to wild populations.

“Captive elements can serve as a means of maintaining important populations as “insurance” against environmental or human-caused changes. Up-close and personal contact with captive elephants, especially when accompanied by educational materials, can also help inspire the public to care for elephants and their habitats.”

That’s the answer provided to the question Should all elephants be free? Can captive elephants be reintroduced into the wild? on the website (www.acewg.org) of the Asian Captive Elephant Working Group (ACEWG) in a section dedicated to FAQs on elephants in tourism.

The group was formed in 2015 by a group of elephant specialists, veterinarians, researchers, camp managers and conservationists to address the situation for elephants in the tourism industry in Southeast Asia. It recognises the urgent need to create more awareness about and address both the problems and the possible solutions.

But this needs to be done with more research “to scientifically guide the development of protocols to appropriately address welfare concerns and to further improve management systems.”

Boycotting elephant tourism is not the answer, ACEWG insists and it’s not alone in this stance. This approach, it says, can often have a reverse effect and do more damage than good. It can undermine elephant camps that are behaving responsibly and providing good welfare to their mahouts and elephants.

ACEWG is behind an ambitious new audit programme that, to gain certification, requires elephant camp operators to submit to detailed, regular inspections on everything from the elephants’ diet and medical care to training and salaries for mahouts

The group’s FAQs on elephants in tourism touches on various issues. The use of what’s called a bull hook or hook, for example. Consisting of a stick with a curved hook at the end, this is used to guide an elephant and also allows the mahout to get an elephant’s attention in an emergency or potentially dangerous situation in which the animal may panic. When elephants and humans are in a close and unrestricted contact scenario, the bull hook serves the purpose of ensuring safety for both. It is simply too dangerous to not have a bull hook present and at hand in case of an emergency.

The bull hook can, however, be misused or used purely to punish. Mahouts must be trained properly, so they are capable and confident in their ability to safely handle an elephant.

Another point that’s consistently raised is the chaining of elephants. This is an important part of managing elephants in a traditional hands-on system in Southeast Asia where cement or steel structures are very expensive and financially not viable. Chains are the simplest and safest tool to keep these large animals to a specific area, they are a safe and quick way of control if needed and are also used to safely restrain an elephant during husbandry and veterinary procedures.

Again, as with the bull hook, chains must be used properly and appropriately to avoid injury. A sufficient length to a chain allows an elephant to interact with other elephants but also to find space alone should it want to. Using a long chain to tether an elephant at night rather than fencing it in means the animal can be moved more easily between fresh browse areas. Still, elephants shouldn’t be kept on chains for prolonged periods; they also need to have free movement.

Elephants are sometimes seen swaying back and forth, giving them the appearance of ‘dancing’. This is not necessarily a sign of distress. It is a behaviour known as stereotypy, which develops in response to conditions that restrict normal behaviour and which could include a barren environment, scheduled or restricted feedings or frustration.

On the other hand, there is also certain behaviour that can be related to happiness. Exploratory or playful behaviour is a good sign that an elephant has good welfare. Look for elephants that touch and comfort each other, engage in play during bath time, care for their calves, and vocalise a variety of greetings.

Elephant performances, if done properly using positive training techniques, are not bad for elephants. Ethical, well-managed and properly scripted animal presentations can have benefits for the animal’s health, as they provide a form of exercise and mental stimulation. There are certain activities, or ‘tricks’, elephants should not be allowed to do; such as, walking on hind legs or sitting upright as this is not only unnatural behaviour but can negatively affect the animal’s wellbeing and physical health.

The amount of walking a wild elephant does each day depends on the quality of their habitat. Elephants in captivity usually are provided adequate food and water, and may not walk much if they don’t have to. Thus, it is important they are provided ways to exercise daily, like participating in trekking or other activities, for their physical benefits, as well as to alleviate boredom and reduce aggression.

Regarding how much weight an elephant can carry on its back, if the working hours are limited and terrain is suitable, two people in a saddle (less than 10% of the elephant’s body weight) will not be an undue stressor for the animal. A saddle should be properly cushioned and not apply pressure to the spine.

Common health problems of elephants are often linked to poor husbandry with injuries from poorly fitting saddles, pressure sores, arthritis, and feet problems like nail cracks and wounds from the overuse or incorrect use of the bull hook being clear indicators of poor management.

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SBPAC to ask PM Prayut to consider border development plan to…

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SBPAC to ask PM Prayut to consider border development plan to...

BANGKOK, 6th August 2019 (NNT) – The Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, is scheduled to visit the southern border province of Yala on Wednesday (Aug 7), as security agencies have stepped up surveillance in the area. The Secretary-General of the Southern Border Provinces Administrative Center (SBPAC), R.A. Somkiat Pholprayoon, has led members of the press to follow up on the progress of the government’s “Triangle of Stability, Prosperity, and Sustainability” project in the region.

R.A. Somkiat led members of the press to Manguwang Food Company Limited in Thepa district of Songkhla province. The company is a joint venture between Thailand and China. The company purchases durian from local farmers and processes the fruit before selling to China. Since last year, more than 1.5 billion baht was invested in the area, thanks to support from the “Triangle of Stability, Prosperity, and Sustainability” project. Moreover, the purple zone, designated for industrial activities, has expanded in the southern border provinces.

On Wednesday, the SBPAC will ask the Prime Minister to consider granting certificates to the agricultural sector and enhancing checkpoints to boost trade along the border.

The SBPAC Secretary-General said a few insurgent activities still occur in the region, as there are some 2,000 people with outdated ideologies. However, the overall situation has improved because many people in the younger generation and state officials have become more acquainted and participate in various activities together. Whether or not peace talks will resume, they will not affect the SBPAC’s work of creating an environment in which the people can discuss their ideas and solutions to their problems. Their proposals will then be forwarded to relevant agencies for consideration.

The Prime Minister will travel to Yala on Wednesday to meet civil servants and check on their work. Meanwhile, security officials have stepped up surveillance and set up checkpoints on major routes in Muang Yala district. The officials are monitoring the movements of suspicious individuals and inspecting vehicles for explosives and firearms to prevent insurgent activities in the area and to boost public confidence.

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DE minister supports CAT’s Central Cloud system development

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BANGKOK, 3rd August 2019 (NNT) – Digital Economy and Society Minister Puttipong Punnakanta, visited CAT Telecom Plc this week and pledged support for its Central Cloud system development.

The digital minister delivered an urgent policy calling for the compilation of computerized data at government agencies in the Central Cloud system, so that they have prompt and comprehensive access to it. With the Central Cloud system, government agencies could perform efficiently and reduce costs.

CAT Telecom Plc will help provide data links among government agencies while the government plans to materialize Big Data in six months. At the initial stage, data of various government agencies will be compiled, stored and shared in clusters among ministerial portfolios. For instance, data on tourism strategies will be stored and shared among government agencies.

In addition, the digital minister supports CAT’s plans to diversify in telecom businesses to strengthen its market competitiveness and organizational strength alongside the upgrading of the people’s quality of life and access to digital systems.

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Fruit farmers coping with oversupply and price slumps

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BANGKOK, August 2019 (NNT) – To help fruit farmers, following the problem of product oversupply and price slumps, the Ministry of Commerce has recently used Section 44, of the interim constitution, to engage government and private agencies in assisting them in terms of marketing to help sell the produce, including mangosteens, Lansium demesticum, rambutans, longans and other seasonal fruit.

Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has invited 44 agencies, from both the public and private sectors, including Airports of Thailand, airlines, Thailand Post, fuel service stations, such as PTT and Bangchak, retail stores, including Big C, Tesco Lotus and CP All, fruit exporters, the Thai Restaurant Association and Thai Hotel Association, to discuss ways to help and support fruit farmers in terms of marketing.

Additional measures include the provision of distribution channels to farmers through Makro, Big C, Tops, Supermarkets, The Mall, Seven Eleven, Tesco Lotus, Super Cheap Topland from Phitsanulok, Thaweekit Supercenter, 65 must-visit markets across the country, Pracharat Blue Flag Stores, CJ, Thai Restaurant Association, Thai Hotel Association, gas stations such as PTT, Bangchak and PT and government agencies such as the Ministry of Defense, the Royal Thai Army, the Department of Corrections and hospitals.

The airlines will help farmers in terms of carrying fruit or having fruit loaded on board. While Thailand Post will provide a free delivery service for 100 tons of fruit ordered online for this season.

The ministry will accelerate the fruit export drive by offering loans with a three-percent interest rate reduction…

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