U.S. companies in ASEAN expect investment expansion, workforce growth, and profit increases in 2015 according to the ASEAN Business Outlook Survey. The survey was designed and implemented by the U.S. Chamber of Commerce and the American Chambers of Commerce in ASEAN member countries and included 588 business executives representing small, medium, and large U.S. companies in all ten ASEAN countries.
Respondents in Thailand have a positive outlook on the current business climate with the majority not facing significant financing constraints nor seeing higher cost of borrowing. Business expansion remains high with 62% of the respondents saying they expect their companies in Thailand to expand, a dip since last year’s 75%, but the profit outlook remains strong with 82% expecting increased profits.
The Corporate Social Responsibility Committee is pleased to announce the eighth annual AMCHAM CSR Excellence Recognition (ACE Recognition) program. This year we will be awarding our first Gold level recognition to companies who have received the ACE award for five consecutive years.
ACE Recognition identifies AMCHAM members’ CSR practices which demonstrate an understanding of the linkages between business operations and society, and conducting business in a way that creates long-term economic and social value.
For the third consecutive year, AMCHAM is partnering with the US Embassy to include the Creative Partnership (CP) Designation along with the ACE Recognition. The CP designation recognizes firms that have creative or innovative approaches to CSR and build US-Thai partnerships.
ACE Recognition applies an easy on-line application and automated scoring, and provides recognition for all firms, from SMEs to MNCs that achieve a baseline level of CSR performance.
Interested AMCHAM members must apply for the recognition on their own behalf by completing a simple application form.
The deadline to apply is October 6.
For the application and evaluation criteria and a link to the application form click here.
Please note that the Award is not a competition, but requires companies to achieve a certain benchmark criteria on their CSR programs. Thus all member companies are eligible and there is no competition among members. This is also a great way to benchmark and look at ways to improve your current CSR program.
INDEPENDENCE DAY PICNIC
The Independence Day Picnic at KIS International School was a great success. All those who attended enjoyed a traditional U.S. style picnic with great food and music, games and fun. Many thanks to our great Star Sponsors, event partners, raffle and charity booth prize donors, volunteers and the Independence Day Picnic Committee for their generous support.
NEW MEMBERS AND MEMBER UPDATES
A list of new members and member updates can be viewed and downloaded for your records. Please update your records monthly!
On November 26, AMCHAM honored 47 member companies that carried-out exemplary corporate social responsibility (CSR) programs in 2013. The honorees were presented with ACE recognitions, an appreciation presented by U.S. Ambassador Kristie Kenney and AMCHAM Vice-President Darren Buckley on behalf of the AMCHAM Corporate Social Responsibility Excellence Recognition Program (ACE).
To qualify for an ACE recognition, a firm’s CSR program must receive high-marks in four categories: (1) Attention to business objectives and societal needs; (2) Creation of long-term economic and social gains; (3) Communication and sharing of best practices; (4) Program sustainability.
On October 31, in Yangon, American and American affiliated companies launched an AMCHAM Myanmar Chapter. The founding companies represent a diverse collection of industries and nationalities, but share a common goal to expand commerce between Myanmar and the U.S., operate according to the highest international business standards, and support their communities. The Chapter named Mariano Vela, President of Chevron Myanmar, as Chapter president and U.S. Ambassador Mitchell honorary president. Click HERE for more information about the AMCHAM Myanmar Chapter.
On August 23rd, over 350 representatives from AMCHAM, Thai Ministries and the U.S. Embassy attended AMCHAM’s annual Government Appreciation Dinner – AMCHAM’s thank you to the Royal Thai Government and Thai officials for their continued support of American business in Thailand. Please click the following links to view the remarks of keynote speaker Deputy Prime Minister and Minister of Finance Kittiratt Na-Ranong and AMCHAM President Matt Bradley.
Now available to AMCHAM members are the results of the 2014 ASEAN Business Outlook Survey – a poll of American Chamber of Commerce members in the ASEAN region. The surveyed showed that optimism in ASEAN remains high - 91% of respondents expect their company’s level of trade and investment in ASEAN to increase over the next five years – but many business leaders cited corruption, poor customs administration, and inadequate infrastructure as obstacles to greater investment. Click the above link to view the entire survey, which includes a break-out of Thailand specific results.
The American Chamber of Commerce in Thailand (AMCHAM) Auto Council met recently with H.E. Mr. Chairwuti Bannawat, Minister of Industry, members of The Board of Investments, the Thailand Automotive Institute and the Office of Industrial Economics to discuss ways to enhance the auto industry in Thailand. Full detail...
The Thai-U.S. Creative Partnership was created to build on more than 175 years of successful political alliance between the United States and Thailand, by leveraging American strengths in support of Thailand’s creative industries. To learn more about the variety of activities that define this initiative, visit the Creative Partnership at www.creativepartnership.org
AMCHAM is making a targeted effort to extend its membership base and activities outside of Bangkok. If your company is located outside of Bangkok in one of the designated areas, you may be eligible for AMCHAM membership at reduced rates. Click Greater Thailand AMCHAM Membership Brochure or Join AMCHAM for more information, including eligibility requirements.
Intellectual property rights (IPR) encourage the innovation and creativity that is fundamental to sustained economic growth. Unfortunately, the growing global trade in pirated and counterfeit goods threatens innovation, workers' livelihoods, health, and safety. Fake products - such as CDs, DVDs, software, electronic equipment, clothing, pharmaceutical products, and auto parts - account for an estimated 5 to 7 percent of global trade. This trade costs legitimate rights holders around the world billions of dollars annually.
The Strategy Targeting Organized Piracy (STOP!) is a comprehensive program to stop trade in pirated and counterfeit goods. www.StopFakes.gov provides information about obtaining and enforcing intellectual property rights.