Well-known Samui business makes its home in Chiang Mai
Sawang Optical now on Nimmanhaemin
Namchai and Wanpen Nattavutthisit moved to Chiang
Mai to send their child to school and plan to retire here some day after
starting their business in Samui 20 years ago.
Chiang Mai Mail reporters
Sawang Optical, already well known in the South of Thailand has been in
business for more than 20 years according to owners Namchai and Wanpen
Nattavutthisit. Originally opening their first shop in Trang, the couple
expanded to Koh Samui as they had found that their standards and experience had
earned a good reputation among their customers.
Newcomers to Chiang Mai, the couple moved their business to Chiang Mai last year
as their child started school here and the couple hope to retire here when they
Wanpen Nattavutthisit said that they have a lot of repeat business and referrals
from customers for their services as they provide high quality services and
products. They use such modern tools as digital lens cutting and high quality
By offering excellent products and expert technicians the
couple has found success in the eyeglasses business. One of the services that
they have found to be popular is a card carrying the customer’s prescription
information. Sawang Optical is located opposite Soi 1 on Nimmanhaemin Road, open
Monday- Saturday from 10.00 a.m. to 6.00 p.m., Tel. 053-223440, 084-851-7770.
Lifestyle products market expects continued growth
Thailand’s lifestyle products grew 3-4 per cent this year and will
possibly expand by 5 per cent next year, according to a local
Supat Srivannavit, president of the Association of Thai Lifestyle
Products Federation, said total sales of lifestyle products increased
from Bt100 billion last year to Bt105 billion this year thanks to
strengthened markets in the US, Europe and Japan, and improved economies
in Southeast Asia, China, South Korea, Australia and the Middle East.
China has become one of Thailand’s most significant markets with a
satisfactory growth this year, he said.
He said the weakened baht, expected to depreciate to Bt33 against the
dollar next year, will contribute to expansion of Thai exports, adding
that half of locally-manufactured lifestyle products are for export.
Expressing concern about higher wage, he said some political parties may
raise the issue of higher minimum wage in their political campaign.
Many small and medium enterprises including the wood products and
ceramics industries have closed since earlier this year after the
countrywide increase of daily minimum wage to Bt300, Mr Supat said.
(MCOT online news)
Halal entrepreneurs work to develop potential in seminar
Thai Halal, to be the best in the world
A seminar on Halal Standards was held at the
Chiang Mai Ratankosin Hotel in December 25, 2013 and was attended by
members of the Islamic Committee of Chiang Mai and the Chiang Mai
Chamber of Commerce.
The Islamic Committee of Chiang Mai held a seminar on Halal
standards for Muslim entrepreneurs at the Chiang Mai Ratankosin Hotel on
December 25, 2013. Chiang Mai Permanent Secretary Chokdee Amornwat
presided over the opening ceremony of the seminar that was attended
Kwintorn Wongluekiet, chairman of Islamic Committee of Chiang Mai and
other local businesspeople involved in the production of Halal Food.
The Chairman of the Committee said that the office of the
Provincial Islamic Council of Chiang Mai was established to follow the Act
on the Administration of Islamic Religious Organizations, B.E. 2540 (1997).
He noted that the Halal Standards of the Central Islamic Council of Thailand
had been registered legally under the Act on the Administration of Islamic
Religious Organizations, B.E. 2540 (1997).
Additionally, Chulalongkorn University has established a
Halal Science Center which is supported by the Halal Standards Institute to
“confirm by religion, support by science.” The Chiang Mai Chamber of
Commerce has cooperated with the Federation of Chiang Mai Industries to
develop Halal food industries and support domestic and foreign marketing.
The seminar was held to instruct local business people in
the process of halal certification develop knowledge in the field of
manufacture and manage halal food under Islamic law. Around 100 Chiang Mai
businesses have been certified under Halal standards.
A signing ceremony of cooperation was held between the
Islamic Committee of Chiang Mai, the Chiang Mai Chamber of Commerce, and the
Federation of Chiang Mai Industries. Permanent Secretary Chokdee Amornwat
and representatives from the Central Islamic Council of Thailand took part
The Chiang Mai Halal International Fair 2014 will be held February 6 – 9
at Chiang Mai Hall, Central Plaza Airport Chiang Mai.
Financial Advisor Fees
By Don Freeman
Let’s be upfront and say that while no-one likes paying fees, there
is no such thing as a free lunch and I as a financial advisor providing
financial advice along with those on Wall Street who create investment
products all need “to eat” so to speak.
With that said, there is no reason for you as a client to pay
unnecessary or excessive fees for financial advice or investment
products once you have a firm understanding of how financial advisors on
Main Street earn their money.
Understand How Financial Advisors Get Paid
Financial advisors will usually follow one of the following compensation
1. Fee Only. Financial advisors who are fee only will typically charge
you a percentage of the account value they manage and they will tend to
favor individual stocks, bonds and low-cost ETFs because they cannot
accept commissions from financial product sponsors. That’s because fee
only financial advisors have a “fiduciary responsibility” to choose
investments which are in your best interest and not because someone is
paying them a commission on an investment product. Just be aware that
not all fee only financial advisors are the same as some charge lower
fees because they provide more basic investment management services
while others charge higher fees because they provide full financial
planning services (e.g. a complete financial plan or roadmap).
2. Commission Only. Financial advisors who don’t charge a fee will
usually receive commissions from transactions and/or from those who
create the investment products they sell. And while there are commission
only financial advisers who provide excellent financial advice, many
others are merely good salesmen who’s advice tends to be driven more by
how they are being paid rather than by doing what’s best for you the
client. For that reason, you can expect commission only financial
advisors to steer you towards annuities and managed funds that pay them
the highest commissions.
3. Fee Based. So-called fee based financial advisors will charge you a
fee and receive commissions on the products they sell. This means they
do not have a “fiduciary responsibility” to do what’s in your best
interest and that may end up costing you more than what a fee only or
even a commission only financial advisor would charge.
4. Hourly Rates or Retainer Arrangements. There are also some financial
advisors who charge by the hour or a set fee - often to complete a
special project that would otherwise be too complex even for a retail
investor who is accustomed to managing his or her own money.
What Arrangement is Best For You?
Generally speaking, going for a fee only investment financial adviser
who does not take commissions from those who create investment products
like annuities or managed funds will end up being a better deal for you
over the long term as they will steer you towards low cost investment
products rather than those with the highest fees or commissions.
Likewise and even if you are an experienced do-it-yourself investor,
there might be times when paying an hourly rate or a retainer will also
make sense (e.g. a large or complex 401k roll-over for American
Just be aware that many fee only as well as commission based financial
advisers will require a minimum sized account to manage before it makes
sense for them to take you on as a full time client. However and even if
your account balance is small, don’t be afraid to check with a financial
advisor to see if some kind of arrangement can be made to assist you if
you need help.
Finally and no matter what type of financial advisor you use, make sure
you take the time to understand what services he or she is offering for
the fees you are being quoted. At the very least, your financial advisor
needs to provide you with a detailed service and fee disclosure
form.Fees create a reverse compounding effect and reduce your nest egg
over time. The higher the fees, in general, the greater the hit and
reduced account size. Call me to discuss ways to reduce your portfolio
fees and get your account growing efficiently.
Don Freeman is president of Freeman Capital Management, a Registered
Investment Advisor with the US Securities Exchange Commission (SEC),
based in Phuket, Thailand. He has over 15 years experience and provides
personal financial planning and wealth management to expatriates.
Specializing in UK and US pension transfers. Call 089-970-5795 or email:
AirAsia new direct flights to Hangzhou
Thai AirAsia will launch the first direct flight to Hangzhou
from Chiang Mai on February 21, boosting Chiang Mai’s position
as an air hub to China. Hangzhou is known for its silks, as well
as the UNESCO World Heritage site Xi Hu, also known as West
Lake, and Lingyin Temple as well as the shopping havens Song
Dynasty Replica City and Qinghefang Ancient Street.
It is also easy to reach Shanghai by high speed train, only one
hour away. Promotional fares start at 1,990 baht one way and
flights depart Chiang Mai daily at 5:25 p.m. arriving in
Hangzhou at 10:15 p.m. Flights depart Hangzhou at 11:10 p.m. and
arrive at 1:55 a.m.