Walking mission

Economy June 30, 2014 00:00

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As researches show that walking 10,000 steps a day will significant improve one's health, some leading companies have embarked on campaigns to encourage their staff to find more time away from their office desks and take more exercises and steps.

Measuring through a mobile app called GCC (Global Corporate Challenge), some 200 staff of Shell Thailand taking part in the program last year walked a total of 106,700 kilometres or about three rounds of the globe, during their 100-days competition.
This year, the programme is still on going, having started since May 28. To move up Shell Thailand’s ranking, the firm’s health manager Dr Somchai Wongcharoenyong, has tried to convince his team members to go for walking at Bang Krachao during the weekends, but still not yet been succeeded. 
Thailand’s hot weather is an obstacle, he said. In Europe, participants boosted their records by taking their time during weekends for hiking.
Shell Russia won last year’s race with averaged daily step of 20,000 steps.
Nevertheless, Dr Somchai pointed out that the real objective was not to win the competition against other companies, but to promote awareness and wellness of staff. 
This year, 203 staff or about half of the firm’s employees are taking part in the programme. Although chairman Asada Harinsuit cannot taking part in this year’s programme due to his extraordinary busy schedules, about half of Shell’s top executives are joining.
“All of my GMs are (physically) active. Some play golf. Our retail boss, Khun Grant McGregor, had won the No.1 championship in Australia’s youth tennis tournament,” he said.
“Lovely” valuation
Preparing to list his Siam Wellness Group as the spa company on the local stock market, Wiboon Utsahajit is discussing with his financial advisers which sectors his firm should be benchmarked with for a valuation purpose. Although the group has one boutique hotel in Chiangmai as part of its businesses, Wiboon doesn’t like an idea to use the hotel sector as a reference to measure his firm’s price to earning ratio. Unlike normal hotels where each guest room can make money from only one group of customers per night, one spa room can service many guests a day, explained the executive. 
A closer comparison should be ‘love hotels’ that their customers pay cash and each of their guest rooms can service many guests per day, he said, with a grin.
Single standard
At a seminar held by CIMB Bank last week, former energy minister and former chief executive at Thai Airways International Piyasvasti Amranand bitterly joked some NGOs who had campaigned for “taking back” PTT from the stock market.
“How much the government would have to pay for delisting PTT?  If they want the government to buy back PTT at Bt35, they must also taking back THAI at Bt60,” he said, raising a big laugh from the audiences. 
Currently, THAI shares are trading at around Bt15, while PTT is trading at over Bt300. 
Contributed by Pichaya Changsorn