Thailand sailing is in the news and the new Commodore at Ao Chalong Yacht Club Scott Duncanson has broken a record with his sailing team on “Somtam Somtam” the Kingdom Property sponsored Platu recently participated in the Top of the Gulf Regatta.
Having won The Coronation Cup, (a one-design series that takes place as part of the regatta) in 2014 Duncanson and his team returned to defend their title and came away as winners for the first time in the event’s history this has been achieved. The first time any team has successfully defended the cup in its 19 year history. Well done team. Scott Duncanson, Trent Pedersen, Alfie Rowson, Tony Harman, and David Chapman.
People On the move..up
The Phuket Insider reports that Martin Tolan as the new Chief Operating Officer at Anantara Vacation Club (AVC) moving into the role of the Senior Vice President of Sales and Marketing position.
Prior to joining Anantara, Martin has spent fifteen years with Starwood’s Vacation Ownership organization in the Americas.
Meanwhile, last Saturday the Patong Beach Charity Auction to raise funds for the children charities of Patong Beach Rotary Club and an initiative offered by the Absolute World Group due to their relocation new offices saw office furniture, desks, and filing cabinets come under the hammer and all for a worthy cause. Over 25,000 THB was raised.
Thai households piling on debt.
Are Thai households heading for more financial headaches?
Sommai Phasee, finance minister, predicts a headache for maybe a few years as Bangkok grapples with household borrowings that have soared close to the highest levels in the region.
Reports the FT.com
While Thailand is seen as much better protected from the financial crisis than during the baht’s 1997 meltdown, the debt data make ugly reading and cast further doubt on the generals sputtering plans to revive Southeast Asia’s second-largest economy.
Mr Sommai, a long-serving economic bureaucrat who was also drafted in by the military after a previous coup in 2006, said this month that household debt had edged above 85 percent of gross domestic product.
That puts Thailand among the most indebted countries in the region.
There’s more on this story here
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