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February 2022

T-AB

THAI-AMERICAN BUSINESS

INSIDE THIS ISSUE: HOW GOVERNMENTS CAN HARNESS THE POTENTIAL OF BLOCKCHAIN MEETING WITH THE SECRETARY-GENERAL OF THE THAILAND BOI FCA CHARITEE FRIENDSHIP GOLF TOURNAMENT AMCHAM NEW MEMBERS

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Thai-American Business ISSN-T-A 0125-0191

Contents

February 2022

LETTERS 06

1218

President

FEATURES 08

How Governments can Harness the Potential of Blockchain

The Employability Crisis – How Thailand’s Young Workforce Can Adapt and Thrive

LEGAL UPDATES 16

Customs Alliance Program

Online Sale & Purchase Cases

GOVERNMENT ENGAGEMENT 20

Meeting with the Secretary-General of the Thailand Board of Investment Ms. Duangjai Asawachintachit

IN THE SPOTLIGHT 22

Malika Bhumivarn

MEMBER CONTRIBUTION 26

New Partners Promoted

IGNIV Bangkok Earns First Michelin Star

EVENTS 28

AMCHAM 2022 Strategy Session

Joint Legal & SBE Committee: SME Credit Term Limitation

FCA Charitee Friendship Golf Tournament 2022

Joint AMCHAM Women & YPC Networking: Finding the Missing Rung

INSIDE AMCHAM 24

Meet AMCHAM’s New Government Affairs Director Theeta Hotrakitya

NEW MEMBERS 34

New AMCHAM Members

DISCOUNTS 36

24 4

AMCHAM Affinity Program

AMCHAM BOARD OF GOVERNORS 2022 PRESIDENT Jeffrey Nygaard, Seagate Technology VICE PRESIDENTS Ornkanya Pibuldham, Bank of America N.A. Tibor Pandi, Citibank Charles Blocker, IC Partners Arpaporn Samabhandhu, Johnson & Johnson TREASURER Aileen Chew, Mastercard SECRETARY Eliot Delunas, Nitro Labs GOVERNORS Viboon Kromadit, AMATA Nara Decharin, Baxter Healthcare Jeff Lehrmann, Chevron Rachel Davidson, Hilton & DoubleTree Sukhumvit Bangkok Deborah Seifert, Pfizer Kaveepan Eiamsakulrat, The K.E. Group Noah Shepherd, Stanley Black & Decker John Evans, Tractus PAST PRESIDENT Greg Wong, Agoda BOARD ADVISORS David Lyman, Tilleke & Gibbins AMCHAM President in 1975, 1986 Harold Vickery, Jr., Prem Tinsulanonda International School AMCHAM President in 1984 EXECUTIVE DIRECTOR Heidi Gallant T-AB Magazine is a publication by The American Chamber of Commerce in Thailand. 7th Floor, GPF Witthayu Tower A 93/1 Wireless Road, Bangkok, 10330

Letter from the President Dear Members, I am honored to serve as your President in 2022, to steward the tremendous activity of our member community, Committee and Council leaders, AMCHAM staff and our Board of Governors. As we enter 2022, I am struck by the energy and innovation that I see from our AMCHAM community today. Since I last served as President, just three years ago, our portfolio of services has been entirely revamped, with a new range of online and in-person events that are uniquely adapted to our changeable world and unmatched in this market. Our member community is stronger than ever, with the highest engagement and new member levels we’ve ever seen. Financially, we are in a strong position, with special thanks to our exclusive tier members, who have stepped up in greater numbers to support our efforts. This year we are working with more than 100 volunteer leaders, including our Board of Governors and our Committee and Council Co Chairs, who represent a broad cross section of companies and industries, hailing from MNCs as well as SMEs, and at least 20 countries – a great representation of the true diversity of the international business community here in Thailand. These leaders convened in early January to set strategic goals for AMCHAM. Together, we are working to improve the ease of doing business in Thailand, showcase the good work we’re doing to promote a healthy people, planet, and economy, and create awareness for the community of expertise we provide through capacity and network building opportunities for employees of companies of all sizes and nationalities.

Tel: =66 (0)2 254-1041 Fax =66 (0)2 251-1605 www.amchamthailand.com Editorial Advisory Board: Heidi Gallant, Harold Vickery, Jr. Editorial Team: Varsha Wadhwani Any opinions expressed in articles in this magazine do not necessarily reflect the views of the Chamber. T-AB Magazine welcomes contributions from AMCHAM members. Articles may be reproduced with acknowledgement,

except those taken from other sources.

A key focus for this year will be to continue our expanding dialogue with the Royal Thai Government. In 2021, we had 15 minister-level engagements, culminating in a keynote address by H.E. Prime Minister Prayut Chan-o-cha to our membership. We look forward to collaborating closely in 2022 to further our shared goals of growing the Thai economy. As AMCHAM continues to grow the scope and depth of

our activities, you can also expect to see us feature more prominently in the public eye with an aim to reach the wider business community. I encourage you to help us spread the word by inviting potential new members to participate in our activities and by sharing our work on social media. Although many of our signature and in-person events are reserved for members only, our membership team can assist you to register a non-member business contact for an event as a one-time special courtesy. I look forward to working with all of you to grow the AMCHAM business community. May 2022 bring you and your team health, prosperity, and happiness. Best regards,

Jeff Nygaard

FEATURES

How Governments can Harness the Potential of Blockchain By Ameep Pandey, McKinsey & Company

Governments have tried to implement blockchain, with mixed outcomes. Finding the right use cases, however, can help agencies realize the technology’s full potential. Many governments hoped that blockchain would be a game changer for issues such as security and operational challenges. Indeed, this technology has the potential to help agencies make improvements in many areas, including accelerating the speed of transactions, such as for land-use registry. However, governments implementing blockchain in their day-to-day operations have seen mixed results. Often agencies turn to blockchain for lack 8

of another technological solution or because they have been drawn in by the surrounding hype. While blockchain can greatly improve security compared with more traditional technologies, its success hinges on applying it to a specific problem and identifying appropriate use cases. Informed by the success of global agencies using blockchain, there are five use cases that illustrate how governments can unlock the technology’s full potential. Since blockchain’s utility depends on stakeholder adoption, government agencies can use economic incentives such as providing access to certain government data without paying for it or offering federal credits to reduce transaction

service fees to get users on board. Agencies that successfully implement blockchain could increase citizen trust and generate value for both the government and its citizens. Why Blockchain Is Not a Silver Bullet Blockchain has yet to reach widespread adoption at scale. Too often, governments skip the assessment of potential barriers, jumping right into implementation. Here are a few examples of challenges that government agencies could experience at the outset, though these are not exhaustive. While blockchain’s pseudonymous transactions can help protect a person’s real identity from being discovered, many governments need to securely verify a user’s identity to process a transaction. Governments could integrate blockchain with digital IDs or implement private and permissioned blockchains (used in trade contracts and certain financial contracts), but these options either are too complex or could lead to privacy issues—for

example, if social security benefits are tied to a digital ID, they are no longer pseudonymous. And in some cases, government agencies need full anonymity, as in the case of voters’ ballots. Although blockchain is often touted as providing strong security guarantees, it depends on the size of the ledger: smaller ones are more susceptible to manipulation. Indeed, it is possible for an entity or hacker to gain control of a majority of the ledger’s node network (the 51 percent rule), which could create fraudulent transactions. Government Use Cases For governments to realize the potential benefits of blockchain, they will need to define specific use cases. Five use cases illustrate how governments can apply blockchain to solve real problems. Proof of Ownership and Transfers Land transactions and proof of ownership requests can burden government agencies with documentation and administrative work. By using

blockchain, governments can permanently store asset transactions such as land, property, and vehicles on a public ledger. The Georgian government’s land registry department, for instance, pioneered a land registry tool to track land ownership and real estate transactions within the country’s borders. As a result, the government has greater transparency in land dealings, and interested citizens can look up a piece of land and get accurate information, as all initial and subsequent sales are recorded, timestamped, and stored permanently. This process also greatly reduces the likelihood of corruption since the distributed ledger is more secure. Self-Executing Contracts Traditional legal-contract execution is costly to both governments and their citizens. However, smart, self-executing contracts, enabled by blockchain, can remove the need for intermediaries and potentially improve contract creation and execution. These contracts are publicly accessible and secure within the network. For example, the Swedish land registry uses a blockchain-based solution for land-title transfers. The disintermediation and removal of notarization through smart contracts has reduced the transaction time by more than 90 percent. Some industries have tried to create consortiums that use smart, self-executing trade contracts over blockchain to improve the flow of goods between various countries. Social-Benefits Management Government systems that provide social benefits, such as unemployment, can be misused and infiltrated by certain individuals and groups, such as cyber attackers. Blockchain can improve record management and provide protection, though issues of privacy must be thoroughly addressed. Keeping anonymized IDs and data in employer databases while storing the encrypted hash key (a digital fingerprint) in the blockchain can help safeguard data. The Netherlands, for example, is using a blockchain-based infrastructure to administer its pension program, which has the added benefit of reducing management costs, as it is easier to operate. 10

Validation of Documents Governments are consistently looking for centralized cloud-based solutions to validate the documents of all their citizens and blockchain could be that solution. The technology can store hash values of citizen documents on the blockchain, allowing governments to provide an attested and permanently time-stamped electronic version of these documents anytime. As an example, MIT created Blockcerts, an open standard where apps can be built to issue academic certificates and other documents via blockchain. The Maltese government also used this standard to implement a system whereby its Ministry for Education and Employment can verify any academic credential using blockchain. Patent Protection Since blockchain can permanently time-stamp transactions at any time, companies or individuals can file patents without enduring the cumbersome submission process. While the actual patent verification might take time, the time stamp associated with the filing can help solve multiple patent-related disputes and potentially prevent costly lawsuits. For example, a company could timestamp a document before it undergoes the full patent application and filing; thus, if a competitor tries to register a similar patent, it is easy to prove which party had the idea first. Furthermore, patent documents are given a transaction hash, providing protection via encryption. Read the full article here.

Ameep Pandey is a senior expert in McKinsey’s Dubai office.

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FEATURES

The Employability Crisis: How Thailand’s Young Workforce Can Adapt and Thrive

By Sebastian Higginson, Nattaphon Chitsuksai, Ratirose Supaporn, and Tidarat Thananant, Save the Children Thailand

In recent decades, Thailand has built its economy to a prosperous upper-middle income status by moving away from an agricultural base to a combined focus on small and medium enterprises, exports, and tourism. Yet cracks have appeared in this model, from as early as the 1997 Asian Financial Crisis to the current Coronavirus pandemic. Recent years have shown the diminishing returns of growth common to middle income countries (GDP is projected to grow by only 3.4% in 2022), with many sectors including secondary industries, exports, and even tourism in decline. This is due to several compounding issues - all of which relate back to the middle-income trap and sustainable employability for young people. The first challenge of employability in Thailand is the labor market. Thailand’s labor market occupies a difficult middle ground; it is relatively expensive compared to countries such as Vietnam but lacks the advanced labor force to compete with high-income economies such as South Korea. 12

This limits investment and development of more sophisticated industries. The second is education, which remains a challenge for Thailand despite universal access to basic education at primary and secondary levels. Access aside, there is a pressing need to address the quality of education being provided. Higher and vocational education needs to equip the future workforce with skills required by industry and the emerging needs of the service economy. Thirdly, inequality remains rampant in Thailand, with vast differences in income, education, social mobility, and opportunity across different demographics. The Global Wealth Report and Databook published in December 2018 by Credit Suisse revealed that Thailand has the largest wealth gap in the world. In 2019, 1% of the population held 50.4% of the wealth, and 10% held three quarters of the wealth (76.6%). Alongside this, while Covid-19 has not created entirely new problems with the Thai economy, it has dramatically exacerbated or highlighted existing

issues with employment, education, inequality, and social mobility. While Thailand was praised for its initial handling of the pandemic, the Nikkei Asia Covid-19 Recovery Index ranked Thailand at the bottom of the list of over 120 countries in 2021 based on infection rates and management, social mobility, and vaccine rollouts, although Thailand’s response improved substantially as the year progressed. Yet recovery, or indeed survival, among the poorest and most marginalized groups has been uneven and inconsistently supported. A recent study from Prince of Songkla University, The Economic and Social Impact of Covid-19 in the Southern Border Provinces shed light on some of the most marginalized areas in Thailand: Pattani, Yala, and Narathiwat, all of which are under-developed regions with high poverty rates. Covid-19 doubled the number of unemployed workers in these regions, particularly those who were day laborers and retail workers, and there were an estimated further 100,000 workers who returned to Pattani from Malaysia who were not included in these estimates. The study also highlighted that this unemployment had a substantial negative ripple effect on communities, particularly on elders and younger workers who had not finished elementary education. While rapid emergency response and relief kits are vital to support vulnerable groups in emergencies, Covid-19 has shown that long-term investments in employability and skills are necessary to allow communities to support themselves.

Ensuring that Thailand’s economy is fit-forpurpose as it navigates the years ahead will require addressing all these root causes of employability, or a lack thereof, and this means that young people’s employability should be of utmost priority. There are several avenues for addressing this, including education reform, but vocational training and life skills in particular offer a key lifeline for the most vulnerable, as they can often be made more accessible than traditional educational programs. USAID and Save the Children’s ACHIEVE project in Pattani province offers vocational training to outof-work young people and has demonstrated a clear pathway linking young people from school to work. There are also private and public sector initiatives across the country which recognize the critical role vocational skills will play in ensuring that Thailand’s workforce will have the skillsets to meet the country’s economic aspirations. Recommendations: •

•

Prioritize joint government/private sector initiatives to provide more inclusive vocational training in response to current and future private sector demands, with a particular focus on teaching young people skills relevant to current market demands, transferable life skills, and digital skills for Thailand’s changing economy. Support initiatives on building and training transferable life skills in young people in

•

Thailand. This will give companies an easier transition and staffing when engaging more heavily with Thailand’s transition to 4.0 economy and Bio-Circular-Green (BCG) economic model as adopted by the Thai Government. Encourage dynamic educational reform that clearly links school to work and teaches young people an evolving syllabus that provides the skills they need to flourish in Thailand’s future workforce. Provide financial and technical support to organizations, including youth-led organizations, who are already providing supplementary courses, skills training, and information on employability. Utilizing their existing expertise while scaling their reach and broadening what they can offer to young people is both practical and cost-effective. To build the realities of the digital divide into Thailand’s employability plan, with proportionally greater resources and financial support given to young people living in rural areas or part of marginalized groups, including migrants and minorities. Ensuring that any measures taken to increase employability do so in a gender-responsive way that helps both young women and young

men find work, while encouraging them to step beyond traditional gender roles and jobs. This is particularly important in heavily gendered industries and sectors such as STEM.

Sebastian Higginston Nattaphon Chitsuksai is the Digital Manager is the Communication and a keen technology and Campaign enthusiast. Coordinator.

Ratirose Supaporn is the Advocacy Manager.

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Tidarat Thananant is the Chief of Party of USAID ACHIEVE project.

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LEGAL UPDATE

Customs Alliance Program:

To Stay Compliant with Customs By Malika Bhumivarn, KPMG

The Thai Customs has announced the Customs Alliance Program (CA program) with the aim to assist importers and exporters with an effective customs clearance process, enhanced logistics flow, and lower operational cost. To be qualified for the CA program, applicants should meet one of the following requirements: 1) Importers/exporters who are members of an association or organization which is related to import and export and are certified by such association or organization for their membership. Those applicants should have a past record of duty payment of not less than 50 million baht per year for the importation of the following eight customs chapters. • • 16

Chapter 7 edible vegetables and certain roots and tubers. Chapter 30 pharmaceutical products.

• • • • •

•

Chapter 39 plastics and articles thereof. Chapter 72 iron and steel. Chapter 73 articles of iron or steel. Chapter 84 nuclear reactors, boilers, machinery and mechanical appliances, and parts thereof. Chapter 85 electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles. Chapter 87 vehicles other than railway or tramway rolling stock, and parts and accessories thereof.

2) Importers/exporters who are members of an association or organization which is related to import and export and are certified by such association or organization for their membership. Those applicants should have a past record of duty

payment of not less than 50 million baht per year and are approved by the Customs Alliance team.

•

3) Importers/exporters whose names are proposed by the Customs Alliance Team and are approved by the Thai Customs Department, whether they have fulfilled the requirements stated in number 2 and 3.

A CA member company will receive faster clearance. To receive such privilege, the company must disclose company information with details of products, tariff classifications, valuation, privileges, etc. This requirement may also raise the company’s concern about the leakage of information to the Customs enforcement party such as Customs Post Audit or Customs Suppression and Investigation. In addition, the support provided by the CA team may not always align with decisions of the customs officer at the port of clearance, which eventually could negatively impact the relationship between such company and the customs officer at the port of clearance.

If a company is approved by the Customs Department to be a Customs Alliance member, the following privileges will be provided to the company: • • • • •

To receive suggestions and advice regarding accurate and fast customs clearance to save logistics cost. Facilitate cooperating with relevant internal and external organizations to resolve customs clearance issues. To receive customs news and service updates. To receive assistance with transparent and fair customs clearance under close supervision of the Customs Alliance Team. To receive priority for future services launched by the Customs Department.

The company’s membership under the Customs Alliance Program will be revoked under the following situations: • •

Business is terminated or there is an absence of import/export activity for more than one year. The company has shown evidence of conspiring action to give, request, or agree to provide any asset or benefit to persuade a Customs officer to conduct wrongful action.

The company has intention to violate the relevant laws, leading to serious damage.

Currently, the Customs Department has not reopened for applications for CA membership under the CA program. If AMCHAM members are interested, they can submit their intention to join the program either through AMCHAM or directly to the Customs Department. The Customs Department will contact interested members once the program is reopened for submission. Malika Bhumivarn is the Partner and Head of Customs and International Trade at KPMG Phoomchai Tax Ltd. She serves as AMCHAM Customs and Excise Council Co-Chair.

LEGAL UPDATE

Online Sale & Purchase Cases By Nat Uawithya, Legal Concept As people become familiar with purchasing goods and services through the internet (especially when traveling is restricted due to Covid-19), the number of conflicts arising from online transactions has increased significantly. Therefore, the Court of Justice Committee aims to deal with these issues by setting up the Online Sale and Purchase Department (OSPD) in civil courts across the country to deal with the Online Sale and Purchase Cases (OSPD Case), which will start accepting OSPD Cases from January 27, 2022. The litigation processes of OSPD Cases are significantly less formal than traditional litigation processes as they can be performed electronically. The case procedurals of the OSPD Case are specified in the Court of Justice Announcement dated January 7, 2022, summarized here: •

All trial processes must be performed electronically. • Filing of complaint, defense statement, and other documents to the court must be filed through the e-filing system of the court (the parties can file the documents any date and time). • The parties can receive the result of the court’s order from document filing through the court’s system within 12 hours of the submission. • The plaintiff does not have to specify full details of the defendant (full name and address). Only the name that the defendant uses on a specific platform/system (profile name) is sufficient as the court official will obtain details of the defendant through a relevant organization(s) to accommodate the plaintiff; and • The parties and witnesses are not required to attend the court for an appointment as the communication will be performed via video conference. The business operator who sells products/ services through the internet should ensure that its products/services (including advertisements) meet legal requirements to avoid possible legal 18

challenges from customers because with this new law, filing of OSPD Cases will be very simple. It is also advisable for the business operator to learn about current OSPD Cases and to set up protocols to respond when the customers file OSPD Cases against the company. This is a significant move for the justice system in Thailand as normally Thai Courts are very conservative and require extensive paperwork while the OSPD Cases would, theoretically, generate zero paper. It is also surprising to see that the court official will seek the identity of the defendant (as mentioned in item 4 above) because it is very unusual to see the court being involved in fact-finding for parties of a case. From this approach, it is demonstrated that the justice system is trying to provide protection for customers who normally have less bargaining power than business operators.

Nat Uawithya has been practicing law with international law firms for more than a decade. He has broad experience in many areas of law.

GOVERNMENT ENGAGEMENT

Meeting with the SecretaryGeneral of the Thailand Board of Investment Ms. Duangjai Asawachintachit

On January 21, 2022, the American Chamber of Commerce in Thailand’s (AMCHAM Thailand) Trade and Investment and Legal Committees, hosted a virtual membership meeting between Ms. Duangjai Asawachintachit, the SecretaryGeneral of the Thailand Board of Investment (BOI), and AMCHAM members.

During the meeting, the Secretary-General provided an update on BOI’s investment promotion incentives, as well as revisions within certain industries to ensure that the incentives not only effectively enhance Thailand’s competitiveness as a regional investment destination but also promote the country’s overall development.

AMCHAM Trade and Investment Committee CoChair, Marty Sinthavanarong, Vice President, International Business of Gulf Energy Development, opened the meeting, welcoming the Secretary-General, and expressing appreciation for this opportunity to learn about latest updates on investment incentives and BOI’s strategies to assist businesses during the recovery process and maintain Thailand’s status as a major Foreign Direct Investment (FDI) destination.

In addition, the Secretary-General touched on BOI’s actions to improve the ease of doing business, covering the areas of simplifying BOI applications and applicability, and simplifying access to skilled labor through the Long-Term Resident (LTR) Visa scheme.

During the Question & Answer session, AMCHAM members had an opportunity to receive clarifications on Research & Development (R &

D) tax incentive applications and the coverage of LTR target groups and benefits. BOI SecretaryGeneral welcomed the members’ inquiries and looked forward to continuing collaborations with the foreign investors in Thailand. In his closing remarks, AMCHAM Legal Committee Co-Chair, Christopher Knight, Chief Executive Officer of Everett Knight delivered AMCHAM’s sincerest appreciation for the Secretary-General’s consideration to meet with their members and

provide comprehensive and insightful information on the BOI’s recently introduced investment schemes, which are beneficial to both existing and potential investors to Thailand. Reiterated by the Legal Committee Co-Chair, AMCHAM and its members greatly appreciate BOI’s effective investment promotion strategies and stand ready to offer assistance and collaborations to the BOI in order to increase FDI in Thailand, which is a crucial element in promoting the country’s sustainable and inclusive growth.

IN THE SPOTLIGHT Malika Bhumivarn is the Partner and Head of Customs and International Trade at KPMG Phoomchai Tax Ltd. She serves as AMCHAM Customs and Excise Council Co-Chair. Describe your journey with AMCHAM? I joined AMCHAM through the company’s membership many years ago. I have found that AMCHAM is very active to assist members who have any international trade challenges. I have been actively involved in AMCHAM advocacy initiatives such as eliminating the penalty regime and the revision of Customs Act, which was introduced in 2017. I have also assisted the team in building a strong relationship between AMCHAM and the Customs, Excise, and other government departments related to international trade. What are your goals for the Customs & Excise Council in 2022? 2022 is an aggressive year for Customs and Excise Department for duty and tax collection. As international trade slowed down during the past two years, the AMCHAM Customs and Excise Council will have more activity on behalf of members. My goal is to provide more education and training through webinars to all members on new laws, practice regulations for international trade such as Export Control under the Trade Control on Weapon Mass Destruction, new Harmonization Codes, implementation of Free Trade Agreements under the Regional Comprehension Economic Partnership, and more. In addition, we will also advocate with the Thai Customs on the extension of Covid-19 relief measures, waiving VAT penalty on customs voluntary disclosures, amongst other issues. The Customs & Excise Council will work closely with other AMCHAM councils such as Tax, Legal, and the Government Affairs, to ensure that our advocacy work will be successful. We will also strengthen AMCHAM’s relationship with the Customs and Excise Department through regular meetings with their high-level management, building understanding, highlighting barriers in international trade, and defining solutions. How will the recent introduction of the new Harmonization Codes improve Thailand’s import and export arena? The Customs Harmonization Codes change every five years. The new Harmonization Codes identify any new products that might not be appropriately categorized in the previous HS Codes. Some new HS Codes are for the purpose of statistic recording of such import and export products. Since the tariff code will link to import duty, import license requirements, and rules of origin, the company should investigate the new tariff codes for its import/export products to ensure that the import/export products have been classified correctly under the new HS Code 2022 version. 22

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INSIDE AMCHAM Theeta Hotrakitya is the Government Affairs Director at AMCHAM Thailand. Theeta has experience working in the field of government affairs and international relations, through her first career at the Thai Ministry of Foreign Affairs. In addition, she co-founded and runs a social enterprise that provides equal employment opportunities for people with learning difference, where she gained experience on business operations and social work. Describe your journey to AMCHAM? I became interested in government affairs at an early age. My educational and early professional backgrounds were in the field of international relations, and I started my career with the Ministry of Foreign Affairs in Thailand. Following that, I had the chance to set up and run my own social enterprise, where I also gained knowledge on business operations and social work. Due to my work experience, knowledge, and interest in Thailand-U.S. relations, AMCHAM has always been on my radar as one of the key players in fostering economic relationships between both countries. When I saw this position open, I decided to join the field that I am passionate about again. Even though I have not always worked in the government sector, my private sector experience, advocacy skills, and the understanding of contemporary social issues and sustainability gained from running a social enterprise makes me the ideal Government Affairs Director to serve AMCHAM members. What is your goal for the Chamber in 2022? My goal for AMCHAM’s Government Affairs in 2022 is to enhance collaboration between AMCHAM and our members with the Royal Thai Government. We are in a world where a country’s sustainable and inclusive growth is not the sole responsibility of the public sector, and it can only be achieved with effective collaboration from all elements of society. The private sector plays a huge role. The foreign business sector adds investment and creates jobs for the local community, but also has best practices and industrial expertise to share. The government can utilize our member companies as a resource to support their effort to achieve policy goals, including the Bio-CircularGreen (BCG) Economy Model, and the growth of the digital economy. AMCHAM members are well prepared to work with the government, and AMCHAM stands ready to be a facilitator to ensure effective public-private collaboration to help achieve our shared goals. 24

With 2022 being the year of APEC, what are the key things you are hoping to see? I am hoping to see a high level of involvement and contribution from all stakeholders, and I am quite excited to see the government aiming for this as well. The country’s sustainable economic growth can be realized with a multi-sectoral effort. I am delighted to learn that this year’s APEC priorities proposed by the government are far-reaching and inclusive, in the sense that they touch on not only trade and investment, but also environmental protection and the economic rights of women and Micro, Small, and Medium Enterprises (MSMEs). I expect to see an active role for AMCHAM as a driving force behind the success of the APEC Summit 2022 as well.

MEMBER CONTRIBUTION

New Partners Promoted By Tilleke & Gibbins

Regional Southeast Asian law firm Tilleke & Gibbins recently promoted four exceptional lawyers to the partnership. Chaiwat Keratisuthisathorn is head of Tilleke & Gibbins’ property practice based in the firm’s headquarters in Bangkok. Charuwan Charoonchitsathian is based in Tilleke & Gibbins’ Bangkok office, where she advises multinational clients on their commercial operations in Thailand. Michelle Ray-Jones specializes in complex intellectual property (IP) prosecution and litigation. Yuwadee Thean-ngarm leads Tilleke & Gibbins’ Myanmar practice from the firm’s Yangon office. Commenting on the appointments, Kobkit Thienpreecha, partner and director of the firm’s corporate and commercial department, stated that

“the work of these four practitioners has already helped pave the way for the future of the firm, and the transactional bench strength that Chaiwat and Charuwan bring to the table in the real estate and energy sectors is an invaluable asset as Thailand begins to plan its post-Covid recovery.” Darani Vachanavuttivong, Co-Managing Partner and head of the firm’s IP practice, noted that these lawyers have played an integral role in the protection of clients’ interests in Southeast Asia. Yuwadee’s groundbreaking work under Myanmar’s new suite of IP laws and Michelle’s work on some of the world’s most prominent IP portfolios have helped drive the firm forward over the past several years. Tilleke & Gibbins now has 31 partners and more than 170 associates.

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IGNIV Bangkok Earns First Michelin Star By The St. Regis Bangkok

IGNIV Bangkok was recently awarded its first Michelin Star in the 2022 edition of Michelin Guide Thailand. The latest win elevates IGNIV Bangkok alongside founding chef Andreas Caminada’s all-Michelinstarred family of restaurants in Switzerland, including Schloss Schauenstein (***), IGNIV St. Moritz (**), IGNIV Bad Ragaz (**), and IGNIV Zurich (*). The kitchen team at IGNIV Bangkok is led by Head Chef David Hartwig, a longtime collaborator of Chef Andreas and formerly one of his most promising talents at Schloss Schauenstein in Fürstenau, Switzerland. Chef Arne Riehn was also handpicked by the founding chef for the role of Sous Chef and Pastry Chef.

Restaurants included in the Michelin Guide are reviewed by anonymous inspectors based on five criteria: quality of the ingredients used, mastery of flavor and cooking techniques, the personality of the chef in his cuisine, value for money, and consistency between visits. The unique sharing concept at IGNIV offers guests a culinary experience where one can connect not just with the food but with each other.

CREATE THE BEAUTY THAT MOVES THE WORLD

W E AC T TO F I G H T C L I M AT E C H A N G E Since 2005, we reduced by 81% the CO2 emissions from our production sites and distribution centers. By 2025, we commit to achieve carbon neutrality in all our sites.

EVENTS

AMCHAM 2022 Strategy Session- January 20 Event Highlights Business leaders convened to set the 2022 strategic goals and direction for the American Chamber of Commerce in Thailand (AMCHAM Thailand). Attended by AMCHAM’s Board of Governors and Committee and Council Leaders, the Strategy Session is an opportunity for leadership to collaborate on the upcoming year’s government relations and programming of activities.

EVENTS

Joint Legal & SBE Committee: SME Credit Term Limitation– January 25 Speakers: Pranat Laohapairoj, Partner, Chandler MHM Limited Moderators:AMCHAM Legal Committee Co-Chair Christopher Knight of Everett Knight and AMCHAM SBE Committee Co-Chair Creighton Franz of Silk Legal Organized by: Legal & SBE Committees Event Highlights: The webinar was designed to provide a quick but thorough explanation about the basics of The Trade Competition Commission’s new law, plus navigational recommendations for both the buyer and SME sellers and service providers, to properly maneuver through this new regulation with ease or as little impact as possible.

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EVENTS

FCA Charitee Friendship Golf Tournament-January 28 Event Highlights The Foreign Chambers Alliance (FCA) tee ‘ed off for charity at the FCA Charitee Friendship Golf Tournament at the Amata Spring Country Club. Organized by the American Chamber of Commerce in Thailand (AMCHAM Thailand) in cooperation with the Australian (Austcham), British (BCCT), and German (GTCC) Chambers of Commerce, the Friendship Golf Tournament brought together the international business community raising over 500,000 baht for the American Chamber of Commerce in Thailand Foundation (ATF), to support education for Thai university students across the country. The event was generously sponsored by Amata, Aetna Health Insurance, Citibank, Chevron, CP Group, Constant Energy, DeeMoney, Ford, Golfasian, International School Bangkok, LawtonAsia, and Western Digital.

EVENTS

Joint AMCHAM Women & YPC Networking: Finding the Missing Rung-February 15 Speakers: Nok Maneerut Anulomsombut, CEO, SEA Ltd. Thailand; Prae Dumrongmongcolgul, Country Director, Facebook Thailand; and April Srivikorn, Country Manager, Google Cloud Thailand. Moderator: AMCHAM YPC Committee Co-Chair Trent Rooks of Schaeffler Organizers: AMCHAM Women and YPC Committee Event Highlights “Small behavior changes at work can make a long-lasting impact.” - Prae Dumrongmongcolgul, Country Director, Facebook Thailand Thailand’s leading women executives shared their experiences on building diverse and inclusive communities at workplace and how organizations and individuals can make an impact by creating a safe environment where everyone can truly be themselves.

NEW MEMBERS

Welcome New Members January 2021 CORPORATE MEMBERS Le Méridien Bangkok is the brand’s flagship property in Thailand. The hotel was designed and decorated to merge a cool and chic style with an indigenous touch inspired by local culture offering guests an unprecedented experience along with uncompromising standards of comfort. Designate: Dieter Ruckenbauer, General Manager

Miskawaan Health Group (MHG) is a unique full-service health clinic that empowers you to understand your unique healthcare profile and through their non-pharmaceutical proprietary treatments, unlock the extraordinary you that is hiding within. Designate: Abdul Chikhali,Business Management Manager

Contemporary sophistication, SO/ Bangkok is the city’s first truly urban hotel, bringing together elegant French luxury and warm Thai hospitality where creativity and innovation have no boundaries. Designate: Juthamas Carranco, Director of Business Development

Woodmont International is a private firm that provides public affairs and government relations consulting services to multi-national companies, investors, and other entities throughout the Asia-Pacific region. Designate: Jackson Cox, Founder and CEO.

At TAI they believe that selection is the most important Human Resource (HR) function of an organization-it is their talent gateway. Training is for passing on skills and knowledge and selection is for hiring people who already have it. TAI works collaboratively with clients to provide best practice selection processes and tools based on scientific research. Designate: Paweena Payne, Managing Director. 34

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V E GA N . C O LO U R S F RO M N AT U R A L S O U RC E S . Our new chewy candies deliver the innovation consumers expect from Jelly Belly.® Featuring fun shapes, great tastes and ingredients that appeal to all age groups, they set the trend for what a modern candy can be.

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