Elephants play at a waterfall at Patara Elephant Farm, Chiang Mai. Photolibrary.com
Elephants play at a waterfall at Patara Elephant Farm, Chiang Mai. Photolibrary.com

Tripping through Thailand with teenagers



Captain Yood sat high on the stern and steered the longtail boat with his foot. As we passed in the lee of yet another island, the ear-splitting noise of the engine bounced back at us off sheer limestone and for a moment we couldn't hear each other speak. And then we moved past gleaming sands fringed by luxuriant forest, the sound softened again but there was still no mistaking our advance; if we'd been trying to creep up on anyone, we were definitely in the wrong kind of boat.

It felt a bit unfortunate to be shattering the peace of the Angthong Marine Park, those 42 pristine knuckles of limestone bristling with lush tropical jungle and strewn across the Gulf of Thailand, about 28km west of the holiday island of Koh Samui. But then we weren't going to be waking anyone up, because only one of the islands - Wua Talap - is officially inhabited. In fact, it was on Wua Talap that we'd come ashore from our speedboat from Koh Samui that morning and hired Captain Yood to show us the crannies of the Marine Park that the normal day-trip traffic would never reach.

Thus it was that we'd been to the Devil's Bridge, startling a basking turtle on the way; that we'd seen the sad-faced Dusky Langurs and the hornbills who lived at the back of the gorgeous beach at Had Tham Ray; that we'd been to the lagoon that partly inspired Alex Garland's book The Beach on the island of Mae Ko; and now Captain Yood was delivering us to our own private swimming pool, a perfectly sheltered little rock-fringed bay where he ran the longtail's bows up onto coral sand in a semi-cave. Our teenagers, Thomas and Rhena, tipped overboard into a limpid sea as clear as a windscreen and so calm it seemed like it could barely summon up the energy to make waves. We could scarcely believe our luck in having all of this to ourselves.

We don't often do exotic holidays in our family, but having a son about to go off to university is something of a landmark moment and we wanted a shared experience that was exotic but in no way difficult or threatening. Thailand was providing just that.

We'd started slowly, in Bangkok, where the mingling of east and west is a strange mixture of the futuristic and the mystical. The Skytrain, the skyscrapers, the huge shopping malls and the new metro represented the forward-thrusting tiger economy, whilst the spirit houses, the street stalls, the food markets and the soaring red- and gold-roofed temples represented the traditional, spiritual Bangkok. It's a place in the midst of furious change, not always appreciated by tourists. This was demonstrated when we enquired about the possibility of visiting a floating market, only to be told by our guide: "We don't have them in Bangkok any more. We have Tesco."

Within a few days we'd visited the main sites, from the Buddha made of more than 5,000kgs of solid gold in Wat Traimit, to the Grand Palace, a whole walled city in itself of temples, pagodas, pavilions and European-style mansions intended for state visitors, and packed with monkey gods, chedis, emerald Buddhas and mythical birds.

All this colour and noise can result in sensory overload, but fortunately there were some delightful places to escape. In the Supatra River House restaurant, for example, a traditional teakwood house on the banks of Bangkok's Chao Phraya river, we had a lunch of soft shell crab and chicken massaman while watching the mayhem as the longtails, the river taxis and the rice barges carve through the floating water hyacinth beyond our window. And on the 26th floor of the Rembrandt Hotel we had a meal in the Rang Mahal, one of Bangkok's best Indian restaurants, savouring the taste of hand-ground spices while looking down over a cityscape patched with the blue rooftop swimming pools, like fragments of sky fallen to the ground.

Our teenagers were initially nervous of Bangkok's frenzied exoticism and wary of the heat and the unfamiliar diet, but their confidence quickly returned. Rhena and her mother visited a fish spa, a new experience which had them shrieking initially as the fish got to work nibbling at the dead skin on their feet, and then cooing over the smoothness of the result. In the weekend market Thomas challenged me to tackle half a dozen dishes from a variety of foodstalls to see who really liked it hot. Fortunately neither of us experienced any serious consequences.

On our last evening in the city we made an excursion to Siam Niramit, a spectacular show of Thai arts and culture. It's where Thai dancing meets Glee - complete with elephants and a river across the stage - and it made a fitting introduction to the next section of our holiday - up to Thailand's northern capital, Chiang Mai.

Chiang Mai is the place to get to grips with traditional Thailand. Unlike Bangkok, it is almost entirely low-rise, and its ancient centre is composed of intimate neighbourhoods with small hotels, markets, restaurants and travel agencies. The city's setting, amid a fertile plain surrounded by rainforest-clad mountains, makes it an excellent starting point for adventures into Thai countryside on bicycles, on foot, on river rafts, and even on the back of an elephant.

So we did a bit of town, and a bit of country. We tried cookery classes at an organic farm amongst the rice paddies. We visited the Patara elephant farm, one of 16 such establishments in the hills that skirt the city, and learned how to be a mahout (elephant handler) for a day. We even rented small motorbikes to explore the hills, returning in the evening to our boutique hotel not far from Chiang Mai's celebrated night market. The latter was a mixture of temporary street stalls and permanent roofed market areas, where stall-holders sold the latest in boho-chic as well as the latest in tribal fashion.

All in all, it was brilliant for teenagers, who weren't so intimidated as they had been in Bangkok. They particularly liked the market and the motorbikes, but Chiang Mai lacked one key ingredient that my daughter particularly craved: sunbathing.

This explains how we headed south again, and finding our own island swimming pools with Captain Yood.

Whereas Bangkok and Chiang Mai had been slices of Thailand going about their daily business, with us tagging along for the ride, the island of Koh Samui lives, eats and breathes tourism. It starts from the moment you touch down at its small, charmingly laid-back airport, where the terminal buildings are little more than thatched huts between the coconut palms.

For our base on the island we side-stepped the biggest resort of Chaweng, which we thought was a bit brash, and chose to stay in neighbouring Lamai instead. The sea was calm, the beach was broad and clean, and Rhena just loved the itinerant food vendors on the sands, particularly the women with the spring rolls and the guy with the fruit cart, who served up slices of fresh pineapple and mango in plastic bags with a little twist of salt. In the evening we watched the beach boys play sepak takraw, a mix between keepy-uppy and volley-ball, played with a light rattan ball and with considerable skill.

It was from Lamai that we arranged the speedboat across to Angthong and the tour with Captain Yood, but we also had excursions closer to home. There was, for example, a Muslim fishing village a couple of miles down the coast from Lamai, and farther south amongst the coconut palms we came across a working monkey, trained to climb the trees and throw the coconuts down. It was happy to pose for photographs on Thomas's shoulder; in fact, they seemed very comfortable in each other's company.

We also visited Wat Kunaram, a gloriously decorative red and gold temple, with satin-robed monks in attendance. The temple's special feature was one of its previous abbots, whose soul may have departed but whose mummified body was still sitting in a glass case in the prayer hall. Bizarrely, he was wearing dark glasses (evidently his eyes were not a pretty sight), and Rhena thought it looked creepy beyond words.

Lamai's shopping and its night market was much more to her liking. Clothing, cosmetics, jewellery, shoes, all seemed incredibly good value - and a real change to the stuff available on the high street back home in Britain. Thomas stocked up with Thai fishermen's trousers and, at just £4 (Dh23) for an hour, none of us could resist a massage on the beach.

It was in the night market that we had some of our best Thai food, from green curry and seafood omelettes to peanut pancakes, deep-fried crab and fresh fish grilled over charcoal. Everything was cooked on demand, the cost was minimal, and the dishes were eaten sitting at communal tables under the stars. It wasn't so bad, agreed the teenagers, living life like a Thai.

If you go

The flight

Return flights with Etihad Airways (www.etihadairways.com) from Abu Dhabi to Bangkok cost from Dh3,600, including taxes.

The stay

Double rooms at Bangkok's riverside Mandarin Oriental (www.mandarinoriental.com; 00 66 2659 9000) cost from Dh1,185 per night. In downtown Chiang Mai, double rooms at the Chedi (www.ghmhotels.com, 00 66 53 253 333) cost from Dh548 per night. In Lamai, the boutique-style Pavilion (www.pavilionsamui.com, 00 66 77 424 030) offers double rooms from Dh530 per night. Prices include taxes.

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

THURSDAY'S ORDER OF PLAY

Centre Court

Starting at 10am:

Lucrezia Stefanini v Elena Rybakina (6)

Aryna Sabalenka (4) v Polona Hercog

Sofia Kenin (1) v Zhaoxuan Yan

Kristina Mladenovic v Garbine Muguruza (5)

Sorana Cirstea v Karolina Pliskova (3)

Jessica Pegula v Elina Svitolina (2)

Court 1

Starting at 10am:

Sara Sorribes Tormo v Nadia Podoroska

Marketa Vondrousova v Su-Wei Hsieh

Elise Mertens (7) v Alize Cornet

Tamara Zidansek v Jennifer Brady (11)

Heather Watson v Jodie Burrage

Vera Zvonareva v Amandine Hesse

Court 2

Starting at 10am:

Arantxa Rus v Xiyu Wang

Maria Kostyuk v Lucie Hradecka

Karolina Muchova v Danka Kovinic

Cori Gauff v Ulrikke Eikeri

Mona Barthel v Anastasia Gasanova

Court 3

Starting at 10am:

Kateryna Bondarenko v Yafan Wang

Aliaksandra Sasnovich v Anna Bondar

Bianca Turati v Yaroslava Shvedova

The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5