Connect with us

Japan

Japan becomes the latest Asian nation to welcome Casinos

The decision has particular significance for the international gaming industry, representing a landmark piece of legislation to legalize casinos in one of the world’s largest captive markets.

Avatar

Published

on

Japan has become the latest Asian nation to welcome Casino operators. On Thursday, December 15, the Japanese lower house approved the IR Promotion Bill (widely known as the Casino Bill), as a first step in bringing casinos onshore.

The legislative move will now pave the way for the opening of “integrated resort” (IR) developments – locations that host casinos, hotels, mixed use entertainment venues, and MICE*1 facilities.

The decision has particular significance for the international gaming industry, representing a landmark piece of legislation to legalize casinos in one of the world’s largest captive markets.

Several regulatory hurdles remain though

Before any casinos can be built, details of the IR implementation law – the rules and guidelines for selecting the location and casino operators – must be determined. The bill requires legislation to be established within the next 12 months.

With considerable regulatory headway and an estimated five-year timeframe to build an IR, the immediate impact will be muted. However, we conservatively expect the very first facility to open their doors at 2022.

We believe the Singapore IR model will provide a logical reference point for the Japan casino experiment, with Marina Bay Sands and Resorts World Sentosa likely to be studied closely.

A number of hotels began their development plans as soon as the construction bids for the IRs were approved.

In 2011, Singapore hosted 142 international conferences, a record number for the country, and has continued to exceed this level in subsequent years.

Japan could also experience a similar influx if IR with large MICE facilities equipped with hotel accommodation, shopping malls, and a variety of entertainment facilities were to be developed.

The result: increased number of international conferences, multinational corporate offsites, and perhaps most importantly, foreign visitors and inbound tourism spending.

Source : http://www.cbre.com/research-and-reports

Continue Reading
Advertisement Load WordPress Sites in as fast as 37ms!
Comments

Business

How Asia could be the winner in the US and China’s Belt and Road race

The world’s three largest economies – the US, China and Japan – are actively manoeuvring for economic and geopolitical influence through infrastructure funding

Avatar

Published

on

Infrastructure development has become one of the great battlegrounds of our time.

(more…)
Continue Reading

Companies

Hino To establish a development and production base in Thailand

Once the factory begins operation in 2021, Hino will first start off by producing vehicles for the domestic Thai market

Avatar

Published

on

Japanese motor Company to push forward with locally led manufacturing of best-fit products to quickly respond to customer needs in close proximity

Under this new setup, Hino will be constructing a new center in Bang Bo, Samutprakarn Province to consolidate and strengthen our product planning, development, and production functions for best-fit products in ASEAN.

The site has an area of roughly 400,000 sqm. Construction is scheduled to begin in July 2019 with operations to begin in 2021.

The new center will consist of the new plant’s production area, and a development area centered around a test track. The total investment amount is expected to be roughly 11.5 billion yen.

Operations to begin in 2021

Once the factory begins operation in 2021, we will first start off by producing vehicles for the domestic Thai market, and expect to begin supplying ASEAN best-fit vehicles to other emerging markets by roughly 2024.

Hino Motors, Ltd. (HQ: Hino City, Tokyo, President & CEO: Yoshio Shimo; hereafter “Hino,”) and Hino Motors Manufacturing Thailand, Ltd. (HQ: Samrong, Samutprakarn Province, President: Somchai Pleankaew; hereafter “HMMT”), our manufacturing company in Thailand, in order to achieve our vision of “Corporate strategy 2025” and enable us to respond to customer needs in close proximity, will be taking steps in Thailand, one of our key centers of operation, to accelerate our efforts to strengthen our business foundation in ASEAN.

By newly appointed Mr. Somchai Pleankaew, who has an exceptional career background with Hino, to president of HMMT, we will be creating an organizational setup that will enable us to drive our business in a locally led manner.

Mr. Somchai Pleankaew, who assumed the office of president of HMMT as of Feb 1 has this to say:
HMMT will put all of our effort to make this project successful in order to enable the growth of our company. Our aim is to serve all customers to their greatest satisfaction by providing the best-fit products and total support customized for each vehicle.

In addition, as a center of Monozukuri, including product planning, development, and production, as well as Total Support in ASEAN, Hino Thailand will collaborate and go forward with Hino in ASEAN in order to grow and strengthen together to support the growth of our customers’ businesses in the ASEAN region.

The Hino Group will be reforming its business structure to achieve sustainable growth leading up to 2025. We position Thailand as one of our key markets for sales in the ASEAN region, our second pillar after the Japanese market. The country is also one of our key business centers and a driver of Monozukuri and Total Support within the region.

The new center to be constructed will consolidate and strengthen our product planning, development, and production functions in Thailand.

New center overview

NameSuvarnabhumi Monozukuri Center
LocationBang Bo, Samutprakarn Province
Site area400,000 sqm
FunctionsProduct planning, development, and production of Hino vehicles
Products producedLight- and medium-duty trucks and buses
Operation startup dateScheduled for 2021
EmployeesApprox. 1,300 (at the time of operation startup)

As a “Monozukuri Center” it will be designed with the capability to commercialize and supply ASEAN best-fit products locally and consistently. In addition to increased coordination between different functions, we will be taking steps in product development to push forward with localization of product development by upgrading organizational setups and constructing a new test track so that we will be able to respond to customer needs quickly and accurately at close customer proximity. In the area of production, the production functions that are currently distributed across existing plants in Thailand will be consolidated at the new center to improve production efficiency.

Furthermore, know-how from the Koga Plant―our global mother plant―will be actively incorporated into the plant to create a system that will enable us to deliver competitive products to our customers in a timely fashion.

Continue Reading

Japan

Japan overtakes Thailand as most welcoming country for Chinese

The survey conducted by Hotels.com also showed that the new generation of Chinese travellers’ preferences have changed.

Boris Sullivan

Published

on

Thailand and Japan have swapped their top positions as the countries Chinese travellers felt comfortable visiting in the latest survey by Hotels.com. (more…)

Continue Reading

Most Read

Upcoming Events

Sep 19

ASEAN (Bangkok)Toys and Preschool Expo

September 19 @ 10:00 am - September 21 @ 7:00 pm BMT
Nov 27

The Future Energy Show Thailand

November 27 @ 10:00 am - November 28 @ 5:30 pm BMT
Dec 05

The Healthcare+ Expo Taiwan

December 5 @ 9:00 am - December 8 @ 5:30 pm BMT
Feb 19

13th World Congress on Nursing and Health Care

February 19, 2020 @ 9:00 am - February 20, 2020 @ 5:00 pm BMT
Phuket
Phuket city

Press Release

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 10,919 other subscribers

Trending