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10 London Business Matters Your business

Notes from a journey to Nepal and South East Asia

Asia weathers the economic storm it took ten hours to drive the 125 miles in the news and as a recent traveller from egg for breakfast. In between I slept on
from Kathmandu to the second city, an affected area I was singled out for the widest, most comfortable train berth
Pokhara – I flew back to the capital in some less-than-tough questions about my I’ve experienced, and gazed out from the
35 minutes, air travel being vastly more health and Mexican connections, and South Korean-made train at row after
efficient. There is currently just one rail given an emergency phone number to ring row of palm oil and rubber trees.
track, 30 miles across the Nepal – India if my condition changed for the worse. I
border but there are ambitious plans to was feeling fine however and looking for- I took the short ferry ride from Butterworth
build new rail and road links connect- ward to a night in the Shangri-La hotel to Penang, the first British possession in
ing Nepalese towns as well as India and (see review on page 16). Southeast Asia, with a view of the grace-
China. I was told by Dhruba Raj Regmi ful suspension bridge which connects the
LBM editor Peter Bishop recently of the Ministry of Physical Planning that island with the mainland, and headed
visited Nepal, Thailand, Malaysia the roads would connect with the massive for Traders Hotel in Georgetown, anoth-
and Singapore in pursuit of various Trans-Asian highway project linking Iran er Shangri-La group hotel up for review.
LCCI international trade projects. with Singapore, which left me wonder- That evening I walked to the colonial
This is his Asian diary. ing how they would deal with the left and part of town to meet an old friend in the
right road systems. tautologically-named Eastern & Oriental
Hotel (below), set up by the American

F
IRST stop Kathmandu to
deliver the latest workshops
Fierce competition Sarkies brothers in the 1880s, a couple of
years before they opened Raffles Hotel in
in the EU-funded ECIBON They drive on the left in Nepal but it’s Singapore.
programme – Enhancing not always obvious as there is fierce
the Capacity of Business competition for space on narrow roads I was still a weekend away from the
Organisations in Intermediary Business from cars, two wheelers, lorries, pedes- World ATA Carnet meeting and World
Organisations. Infrastructure is one of trians and cows. But even my expe- Chambers Congress, both taking place
the topics, and developments in trans- rienced taxi driver looked surprised in Kuala Lumpur, and had decided to use
port and communications are debat- when our progress to Lazimpat was the time to travel down the Malaysian
ed with government officials. Some impeded by an elephant on the road. Peninsular by train, Paul Theroux-style.
incredible statistics emerge, for exam- Just over £20 bought me a ticket on
ple in some parts of Nepal there is a 13 From Nepal’s redbrick Tribhuvan the overnight train from Bangkok to
day hike to the nearest road. International airport I flew with Thai Butterworth, with chicken and a bottle
Airways to the vast glass and steel struc- of Singha beer for dinner, and a fried
When there are roads they are gener- ture of Suvarnabhumi airport (pictured
ally sub-standard. During my last visit above right) in Bangkok. Swine flu was

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Your business July/August 2009 11

SPONSORED COLUMN

HIPS –
an update
It’s been over two years since the
introduction of Home Information
packs ( HIPS) for all residential
property situated in England and
Wales. HIPS were introduced
with a view to making the house
buying process more transparent
May 09 issue of London Business Matters by providing the buyer with some
“I visited a shipbroker’s office on the 25th floor for more on this.] information at the marketing stage
of the transaction. Anecdotal
of One Raffle’s Quay and looked down on London Chamber of Commerce mem- evidence would suggest that
bers of course have an additional chan- buyers are not that interested
the hundreds of boats laying off the world’s nel to business in the region thanks to in seeing a HIP and they are not
our links with the KL Malay Chamber. speeding up the conveyancing
largest port or negotiating the Strait The Chamber’s International Affairs process.
Chief is Tharmapalan Karthigasu,
of Malacca, one of the world’s busiest seaways” known to all as ‘Tharma’, who is a mine
of information on the country’s recent 2009 Changes
economic history and briefed me in the Nevertheless, some important
wonderful surroundings of the Royal changes have been made to
Selangor Club in Merdeka Square. It HIPS their introduction in 2007.
is generally agreed that the founda- Since 6th April 2009, it is now
tion for Malaysia’s current prosper- compulsory for all residential
ity was laid by former Prime Minister property being placed on the
Dr.Mahathir bin Mohamad, known as market to have a HIP in place. Prior
the ‘Father of Modernisation’. to this date, it was acceptable for
a property to be placed on the
Between 1981 and 2003 he diversified market without a HIP being made
the country’s economic base which had available, provided the HIP had
been too dependent on world commodity been commissioned.
prices, privatised the utilities – you can
now drink the tap water with impunity Furthermore, prior to the 6th April
– and commissioned the breathtaking 2009, it wasn’t necessary to have
Petronas Towers which put KL firmly on a standard form of questionnaire
the world map. He also introduced the included in the HIP. Now, a HIP
monorail system which took me to KL must contain a brand new form
Sentral (sic) railway station for the last called a Property Information
Questionnaire which has to be
Iconic the outside, a pleasant quasi-hotel within. I
had a drink with Patrick Moody, the high-
leg of my journey down the Malaysian
Peninsula to Singapore. completed by the seller. If the
The next day, my duties fulfilled at the ly-personable Deputy High Commissioner, property being sold is leasehold,
Traders, I headed south to KL through in the Elizabethan bar which looks on to On the island I visited a shipbroker’s additional information needs to
more rubber and palm oil planta- the tennis court and swimming pool. I had office on the 25th f loor of One Raff le’s be supplied as well. It should
tions and long stretches of building earlier breakfasted with Boyd McCleary, Quay and looked down on the hun- be stressed that this form is not
work where much-need additional rail the British High Commissioner, who dem- dreds of boats laying off the world’s a substitute for the Property
tracks were under construction. My onstrated a vast knowledge of the business largest port or negotiating the Strait Information Form (and Leasehold
first engagement in the capital was to set-up and opportunities in Malaysia and of Malacca, one of the world’s busi- Information Form if appropriate)
attend a dinner of the World Chambers a keen appetite to get British companies est seaways. Later that day I went to which the seller’s solicitors will
Federation executive committee at more involved. [Readers should refer to the one of Asia’s biggest shopping centres send to their client for completion.
the Petroleum Club in the iconic feature on page 14 of the in Orchard Road where eager shop- These forms, together with the
Petronas Towers (left), hosted by pers were being made to queue outside information contained in the HIP
ICC chairman Victor Fung, a former shops for fear of overcrowd- will form part of the documentation
Harvard Business School profes- ing – I haven’t noticed that that the seller’s solicitors will send
sor and a major player on the Hong in Oxford Street recently. to the buyer’s solicitors at the
Kong business scene. Over the next Indeed the amount of eco- outset of the transaction. This
few days I chaired a meeting of nomic activity I witnessed documentation will also include
the World ATA Carnet Council, from Bangkok down to the a Fittings and Contents Form,
ran two seminars on the Carnet tip of the peninsula gave no completed by the seller, which will
document itself (‘the passport for hint that this was a region in state which items in the property
goods’), signed a memorandum of recession. Even in Kathmandu are included in the sale price,
understanding on behalf of LCCI I was told that their economic are excluded from the sale or are
with the Kuala Lumpur Malay barometer – the number of available by separate negotiation.
Chamber of Commerce (above), tourists, especially trekkers –
and attended a number of ses- was set fair. Andrew Flint is a partner
sions of the World Chambers and Head of the Residential
Congress, including the open- Back in London after a 13 hour Conveyancing Department
ing ceremony which featured ■


f light there seemed to be heavier at Colman Coyle. If you are
buying or selling a property and

a special message from Bill traffic than usual. More evidence



■ ■

would like more information


■ ■

Clinton. ■ ■


that the congestion charge, based
on the Singapore model, was not on HIPS please contact Andrew
Another round of meetings working? No, we were in day one at andrew.flint@colmancoyle.
took me to the British High of a tube strike, Bob Crow’s wel- com or 020 7354 3000.
Commission, a compound on come to Britain.

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Visit www.lo
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