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  • Friday, April 02, 2021 13:04 | Naphatsorn Kijmongkoltham (Administrator)

    We are excited to announce the opening of the ISB Golf Center, located just across the road from the ISB campus in Nichada Thani.

    Golf has always been an important sport for International School Bangkok (ISB), and the ISB Golf Team has consistently performed well in international tournaments. ISB’s golf program has successfully nurtured talented alumni who have gone on to see great success on the international golfing circuit.

    Open to Everyone

    Anyone can join as a member of the new Golf Centre at ISB. One of the largest and most well-equipped indoor golf facilities in Thailand, it is a great place to improve your skills. Some of the facilities include:

    • Six fully equipped bays: Each bay has GC Hawk Launch monitors, as well as Swing Catalyst swing software. This allows trainers to track all ball flight data as well as record all golf swings. There is also a Swing Catalyst Force Plate to measure ground forces during golf swings.

    • A large putting green: Including Puttview software and hardware that transforms the putting green into an interactive learning environment.

    • A 200sqm chipping green: Here you’ll find various slopes and breaks to practice and GCQuad Launch Monitors for analysis.

    Becoming a Member

    In addition to supporting ISB's golf programs, the Golf Center is also open for the general public and offers annual memberships, with special rates for ISB community members of students, parents and alumni.

    Free Day Pass

    We are pleased to offer all Thai-Canadian Chamber of Commerce (CanCham) members, a free day pass per company, to trial the facilities.

    Read more about ISB’s Golf Center here.

    Book today click here.

    Kind regards,

    CanCham Team

  • Friday, March 26, 2021 15:36 | Chonnipa Nakpontong (Administrator)


    Enjoy a complete Riverside Songkran Staycation experience in the comfort of Shangri-La Hotel, Bangkok. Price is at THB 5,200 nett per room per night with Complimentary Upgrade to Deluxe River View Room. Available from 9 to 17 April 2021.

    The package includes:

    • Breakfast for 2 persons at NEXT2 Café

    • NEXT2 Seafood Night buffet dinner for 2 persons per stay (Available from 9, 10, 13, 16 and 17 April)

    • Early check-in at 8am and late check-out until 8pm

    • Two kids under 12 years old stay for free with breakfast (Max. 2 persons)

    • Kid’s activities on Songkran Day, 13 April 2021

    *Terms and Conditions apply. Book directly at 0 2236 7777.

  • Friday, March 26, 2021 09:13 | Chonnipa Nakpontong (Administrator)



    Make the most of Songkran 2021 with our amazing offers. Think seafood feasts in Hua Hin. Rooftop revels in Krabi or Bangkok. Or blissful island breaks on Koh Samui. Wherever you choose to travel, we bring your Songkran getaway to the next level with oodles of extra perks, such as family-friendly day-trips, foodie treats, free stays for kids, and lots more. 

    Choose from our incredible destinations – Bangkok, Pattaya, Hua Hin, Koh Samui, Krabi and Khon Kaen – and  book these unmissable rates today. 

    Book by 18 April 2021 | Stay from 9 – 18 April 2021

    Booking link: https://www.avanihotels.com/en/songkran-deals

  • Thursday, March 25, 2021 09:44 | Chonnipa Nakpontong (Administrator)

    Booking & Stay Period: Book now for stays from 12 to 14 April 2021

    Luxurious Rooms    
    Start from Deluxe Room at THB 
    8,888.- net per room per night

    Luxurious Suites**
    Start from Family Suite at THB 14,888.- net per room per night

    Festival at Kempinski Includes:
    Select one-time event access per night booked, either on 13 April 2021 or on 14 April 2021 (from 15:00 to 18:00 hrs)
    • All-you-can-eat festival favourites, free-flow selected non-alcoholic beverages and draught beer
    • Live trio band for both days and special live entertainment by Ice Sarunyu on 13 April 2021
    • Welcome pack, including a Nerf Super Soaker gun, stylish anti-water bags and glasses
    • Garden and poolside kids’ activities, including Toys“R”Us activities, Balloon Darts, Tin Tin Ball, Balloon Making, Face Painting and Candy Floss

    What's included in your 32-hour stay:
    • Breakfast for 2 adults and up to 2 children up to 12 years in existing bedding
      THB 2,000 hotel credit to use at all hotels operated services on regular price offers per room or suite per night
      Early check-in at 10:00 hrs and late check-out until 18:00 hrs (except for Pool Access and Animal Kingdom Theme suites)
    • **Executive Lounge privileges, including an afternoon teatime from 14:00 to 16:00 hrs and evening cocktails from 17:00 to 19:00 hrs served at Executive Lounge

  • Thursday, March 25, 2021 09:10 | Chonnipa Nakpontong (Administrator)



    Spend the New Year in luxurious style with Anantara Hotels, Resorts & Spas. Indulge in an enchanting Songkran getaway in a choice of inspirational destinations. From the lush jungles of the Golden Triangle to the golden shores of Hua Hin, Koh Samui and Phuket, we are offering enchanting escapes in your favourite destinations. 

    Book an exquisite Songkran getaway today and enjoy unmissable rates and a host of exclusive benefits, such as dining delights, soothing spa treatments, adventurous excursions, family-friendly activities, and more.

    Book by 18 April 2021 | Stay from 9 – 18 April 2021

    Booking link: https://www.anantara.com/en/songkran-special

  • Monday, March 22, 2021 10:10 | Naphatsorn Kijmongkoltham (Administrator)

    The value of US 20 year treasuries has fallen by over 11% this year ...Should we all be buying treasury bonds? 

    By Paul Gambles and James Fraser

    Inflation tends to lead to interest rates moving higher and invariably the prices of US treasury bonds move inversely to yields (i.e. when rates increase, or are expected to increase, bond prices fall).This expectation of inflation is currently one of the most widely held beliefs across capital markets (there are currently more bets on the price of bonds falling than there have been for some time). However, we’re not so sure that this is right – or rather I’m not sure that there exists yet any proof that this is the case.

    Pent up demand but not for the high spend luxury market –  We don’t believe the argument that higher savings will result in sustained higher consumption patterns.  Luxury brands haven’t been impacted  much by the Covid-19 outbreak as the high income bracket has continued to spend while for non-luxury items growth depends upon habits adopted during Covid-19 such as online ordering to return back to the old way of high street shopping and eating out.   

    The pent up demand expectation seems to be based on the belief that once COVID has gone away (through vaccinations/herd immunity) this will unleash a wave of ‘pent-up’ consumer (and business) spending causing a strong rebound in economic growth that will lead to dramatic reductions in unemployment and result in more Americans having higher levels of disposable income that in turn will create higher consumption, and eventually a tighter labour market with higher wages and higher levels of economic activity that ultimately result in inflation because of these higher wages and this higher demand for goods & services (although this cycle didn’t happen pre-covid despite record employment numbers).

    Superficially that sounds plausible but we have several issues with this, partly because it’s an oversimplified explanation of how inflation works but also the latest official US unemployment data indicates that the ethnic groups that have been hit hardest are those with the lowest average income levels (Black/African Americans, followed by Hispanic/Latinos). The lowest wage earners would in our view logically account for the majority of the dip in consumer spending in the US seen since the outbreak in Covid-19 (not the wealthy who continued to spend pretty much as usual as far as we can tell). The lower income groups tend to spend all of their surplus income, and as this group also has made up most of the increase in unemployment numbers we suspect that a broad based consumer recovery at this time is unlikely. The lowest income levels have seen a  depletion of savings/increase in debt levels.

    Many of the ‘missing jobs’ are in retail, transportation, construction and leisure/hospitality – Luxury goods sales have held up well.

    We suspect that those in the highest wealth and income categories (where savings have generally increased significantly) might have less pent-up demand  – going back to the point of interest that sales of the highest profile luxury brands have generally held up well.

    Too many people with limited spending power  – no surge in luxury, a volume surge, a retail margin squeeze in middle ground and too many consumers with limited spending power and this doesn’t seem likely to lead to a hiring rush. We’d apply a similar expectation to leisure and to travel and also to new home sales.

    Change of habits - we note that consumers have changed their habits during the lockdown – whether buying goods online, exercising from home, working from home or ordering at home dining.  We find it hard to square this change in consumption habits with expectations of the great re-opening leading to a huge re-hiring. Can we really expect there to be something like the 2.5 million jobs created to take these 4 sectors back to where they were pre-COVID? That seems a huge contradiction to us. As well as the 2.5 million in these 4 sectors who became officially unemployed in the last 12 months, many of the other 1.5 million  official non-farm employees who lost their jobs during this time and have been unable to find employment are also dependent on these four sectors. If we don’t go back to the same lifestyle habits as before, then these four million of these jobs are unlikely to return.

    What’s more, as of last month, there were a further 6.9 million Americans classified as ‘not in the labor force’ but seeking employment. This may include some of the 3-4 million new workers who would have joined the workforce in 2020-21 but haven’t been able to, but there is an employment crisis with up to 20 million Americans out of work.  

    If the majority of these can find gainful employment and add to consumption, this would have a huge impact. But there are currently no signs that this is happening.

    It doesn’t just seem to be an issue of confidence – if we look at the pre-COVID official unemployment, we can see that the worst performing employment sectors were leisure/hospitality, construction, professional services, non-durable goods and retail. The weakness in the US economy didn’t begin with COVID and therefore it seems to be a leap of faith to suggest that herd immunity and mass vaccinisation will cure that weakness.

    We have repeatedly said that we think that there will be volatility in most data in the coming months, including inflation data but maybe the clearest signal that we’re not yet seeing recovery is that the only inflation that is rearing its head is at producer inflation at factory gates. This strikes us as supply driven and historically tends to be transient unless accompanied by higher prices on the High Street (Consumer Price Inflation or CPI), which tends to better reflect surging demand. Right now, this isn’t happening.

    Should our suspicions be right and inflation data doesn’t take-off then US long-term treasury bonds would appear to offer attractive value.


    For a better explanation of what really causes inflation see- An MMT response on what causes inflation | Financial Times (ft.com)
    The latest US employment data reveal the following

    For anyone still clinging to any notions of ‘trickle down economics’, this is a good satirical, Australian rejoinder (https://twitter.com/i/status/1340881792266428417).

    MBMG Investment Advisory is licensed by the Securities and Exchange Commission of Thailand as an Investment Advisor under licence number Dor 06-0055-21.

    For more information and to speak with our advisor, please contact us at info@mbmg-investment.com or call on +66 2 665 2534.

    About the Author:
    Paul Gambles is licensed by the SEC as both a Securities Fundamental Investment Analyst and an Investment Planner. 

    1. While every effort has been made to ensure that the information contained herein is correct, MBMG Investment Advisory cannot be held responsible for any errors that may occur. The views of the contributors may not necessarily reflect the house view of MBMG Investment Advisory. Views and opinions expressed herein may change with market conditions and should not be used in isolation.
    2.  Please ensure you understand the nature of the products, return conditions and risks before making any investment decision.
    3. An investment is not a deposit, it carries investment risk. Investors are encouraged to make an investment only when investing in such an asset corresponds with their own objectives and only after they have acknowledge all risks and have been informed that the return may be more or less than the initial sum.


    Interviews with Paul

    CNBC Asia: 24 Mar 2021 at  07:10 am BKK time
    More to follow ............stay tuned

     For more information

     Tel: +66 2 665 2536  E-mail: info@mbmg-investment.com
     Twitter: @MGMG_GROUP  LinkedIn: mbmg-group
     Facebook: MBMGGroup  Instagram: mbmg_group
  • Wednesday, March 17, 2021 12:44 | Chonnipa Nakpontong (Administrator)

  • Friday, March 12, 2021 11:36 | Chonnipa Nakpontong (Administrator)



    In celebration of the International Women's Day, come retreat to the paradise by the river with “Celebrate the Women in Your Life”, a 36-hour staycation. Price is at only THB 2,999 nett per night for a Deluxe Room with complimentary upgrade to a Deluxe River View Room. Available from today until 30 March 2021.

    The package includes:

    • Spring Blossom Afternoon Tea for 2 persons at Lobby Lounge

    • Early check-in at 8am and late check-out at 8pm

    • Breakfast for 2 persons at NEXT2 Café

    • Two kids under 12 years old stay for free with breakfast (max 2 persons)

    • 30% discount on à la carte menus at all Food and Beverage outlets and à la carte treatment at CHI, The Spa

    *Terms and Conditions apply. Book directly at 0 2236 7777.

CanCham Thailand (Thai-Canadian Chamber of Commerce)
139 Pan Road, Sethiwan Tower, 9th floor, Bangkok 10500, Thailand
Phone: +66 (0) 2 266 6085-6 | Fax: +66 (0) 2 266 6087| info@canchamthailand.org

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