Results 1 to 21 of 21

Thread: Elite Education

  1. #1
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    12,956

    Elite Education

    Thailand’s Only Exchange-Traded School Cuts Enrollment Target

    By Anuchit Nguyen
    August 2, 2020, 5:00 AM GMT+7

    • SISB is 3% short of 2,900-students goal as recruitment hit
    • More Thais staying local helps offset drop in Chinese recruits


    The Singapore International School of Bangkok campus. Photographer: Andre Malerba/Bloomberg

    Thailand’s only exchange-listed school operator will fall short of its target enrollment in the new academic year as the coronavirus crimped foreign recruitment, though SISB Pcl has nearly met its goal by attracting more local students amid travel restrictions.

    The company’s five campuses will have about 2,800 students at the start of the upcoming academic year, 3% less than a target of 2,900, said Chief Executive Officer Yew Hock Koh. Still, the tally will be up 6% from last year, with Thais accounting for 85% of students, he said.


    Yew Hock Koh Photographer: Andre Malerba/Bloomberg

    “We’ve had some impact on our overseas recruitment plan, especially from China,” Koh said in an interview Friday. “The majority of our students are from the Thai community, which continues to have a lot of potential,” he said, noting that the “number of high-net-worth families continues to increase, boosting the need for international schools.”

    SISB, originally called the Singapore International School of Bangkok, uses the curriculum of the city-state because of its reputation in mathematics and science, according to the company’s website. The average annual fee for a student is about 450,000 baht ($14,400), in the medium range compared with other international schools, Koh said.

    The company is considering adding campuses in fast-growing Bangkok suburbs and nearby provinces to leverage its brand and tap Thai parents’ rising demand for international education, said Koh. It’s also spending 300 million baht to expand student capacity at an existing Bangkok facility by more than 60%.

    Another expense is spending on disinfectants, sanitizers and sterilizers as part of health and safety measures amid the pandemic, he said.

    A disinfecting machine using UV lights operates in a classroom. Photographer: Andre Malerba/Bloomberg

    SISB’s shares have dropped 6.8% this year, compared with a 16% slide in the benchmark SET Index.

    Bloomberg/asia
    Majestically enthroned amid the vulgar herd

  2. #2
    Thailand Expat TheRealKW's Avatar
    Join Date
    Aug 2019
    Last Online
    @
    Posts
    4,193
    Any relation to the SIS group in Indonesia? Money grubbing poor education factory, if so.

  3. #3
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    11,524
    If only...; the few parents I have spoken with about school fees don't care how much they are because either their employer or their firm is paying the bill, while at the higher end some can probably afford to buy a school out of pocket change.

    Fwiw, avg annual fees at a local intl with fine repo also run around 450k, so based on just that I can't see what's so super special about the SISB beyond having Singapore in it's name.

    Education don't come cheap, but a great investment esp in 3W where gov schools (allegedly) do little more than keep kids off the street.

  4. #4
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 11:12 AM
    Location
    nakhon ratchasima
    Posts
    1,701
    elite education,only the elite can afford.

  5. #5
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Posts
    21,000
    Thais accounting for 85% of students
    This of course means that the tag 'International School' becomes pretty much meaningless, and is a damning indictment of the Thai education 'system'.

    The next step when COVID does finally die down will probably be huge importation of overseas students on scholarships.

    Those plans for more campuses will be long term ones. The organisation can trumpet 'plans' of just about anything.

  6. #6
    Thailand Expat reinvented's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 03:50 PM
    Location
    top of soi 2
    Posts
    1,902
    SISB is far from elite, ive 3 04 nieces and nephews there and it aint all that
    good at maths mind

  7. #7
    Thailand Expat
    aging one's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    19,007
    Quote Originally Posted by jabir View Post
    Fwiw, avg annual fees at a local intl with fine repo also run around 450k
    Too low for any of the top tier in BKK. 1st grade starts at over 600,000 at most, topping out at over 900,00 for the end of high school.

  8. #8
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Posts
    21,000
    Yeah, the grounds reflect that as pictured.

    A cheaper regents, rather than any kind of competition for the top tier.

    I can see why that could be a profitable niche.

  9. #9
    Thailand Expat armstrong's Avatar
    Join Date
    Oct 2011
    Last Online
    @
    Posts
    3,163
    A new international school near me is offering free tuition for 1 year plus 50% off for next year. I expect it to be almost entirely Thai with a smattering of Korean/Chinese.

    They were smart enough not to give me an interview so maybe they do know what they're doing
    I'd like to see what morning looks like
    Don't wanna drink pint after pint
    I wanna wake up without feeling sick
    But I can't cuz I'm a drug-abusing alcoholic

  10. #10
    Thailand Expat TheRealKW's Avatar
    Join Date
    Aug 2019
    Last Online
    @
    Posts
    4,193
    Quote Originally Posted by armstrong View Post
    A new international school near me is offering free tuition for 1 year plus 50% off for next year. I expect it to be almost entirely Thai with a smattering of Korean/Chinese.

    They were smart enough not to give me an interview so maybe they do know what they're doing

    thats mental, how they gonna make money?

  11. #11
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    12,956
    Quote Originally Posted by TheRealKW View Post
    thats mental, how they gonna make money?
    ...donations for guaranteed placement, add-on fees for activities etc, uniforms, books, supplies, buildings and grounds fund, etc...

  12. #12
    Thailand Expat TheRealKW's Avatar
    Join Date
    Aug 2019
    Last Online
    @
    Posts
    4,193
    Quote Originally Posted by tomcat View Post
    add-on fees for activities etc, uniforms, books, supplies,
    this quantum is normally around 5% at best.

    Quote Originally Posted by tomcat View Post
    add-on fees for ....buildings and grounds fund, etc...
    possibly, but if they take the piss, then parents wont join.

    I just wonder how they guarantee that those parents don't join for 1 year or 2 years then nick off.

  13. #13
    Thailand Expat tomcat's Avatar
    Join Date
    Nov 2005
    Last Online
    @
    Posts
    12,956
    Quote Originally Posted by TheRealKW View Post
    possibly, but if they take the piss, then parents wont join.
    ...don't underestimate the Thai-Chinese parents' fear that their kids won't get an education that can brighten their future...a few white faces, a few Singaporean-Chinese faces, a facsimile of a Brit/US curriculum, a few brightly colored brochures all go a long way...
    Quote Originally Posted by TheRealKW View Post
    I just wonder how they guarantee that those parents don't join for 1 year or 2 years then nick off.
    ...promotional discounts, inflated grades, more white faces in the upper grades, etc...

  14. #14
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Posts
    21,000
    Quote Originally Posted by tomcat View Post
    a facsimile of a Brit/US curriculum,
    It would be interesting to know in what aspect/s it is 'Singaporean'.

    It seems to be quite a good selling point with Thai-Chinese.

  15. #15
    Thailand Expat reinvented's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 03:50 PM
    Location
    top of soi 2
    Posts
    1,902
    ^
    if you mean SISB they sue their curriculum
    if you mean the one near armstrong ive no idea

    there's been quite a few Singaporean schools pop up making the most of their high PISA rankings i'd guess
    academically strong but robotic

  16. #16
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Posts
    21,000
    Yeah, I was thinking that it wouldn't make much sense to be using 'a facsimile of a Brit/US curriculum'.

  17. #17
    Thailand Expat armstrong's Avatar
    Join Date
    Oct 2011
    Last Online
    @
    Posts
    3,163
    Thai Singapore International School uses the SG curriculum and intensity of learning. Basically pushes academic excellence over wellbeing..

    The school offering discounts is a us curriculum I think.

    Elite Education-screenshot_2020-08-03-11-46-30-a
    Attached Thumbnails Attached Thumbnails Elite Education-screenshot_2020-08-03-11-46-30-a  

  18. #18
    Thailand Expat TheRealKW's Avatar
    Join Date
    Aug 2019
    Last Online
    @
    Posts
    4,193
    Quote Originally Posted by tomcat View Post
    ...don't underestimate the Thai-Chinese parents' fear that their kids won't get an education that can brighten their future...a few white faces, a few Singaporean-Chinese faces, a facsimile of a Brit/US curriculum, a few brightly colored brochures all go a long way...
    ...promotional discounts, inflated grades, more white faces in the upper grades, etc...
    Yes, I get that, and in 18 months there's a new (semi) international school offering all that with a 1 year waiver and 50% discount on the following don't underestimate the Chinese parents sense of getting a discount.

  19. #19
    Thailand Expat reinvented's Avatar
    Join Date
    Nov 2005
    Last Online
    Today @ 03:50 PM
    Location
    top of soi 2
    Posts
    1,902
    I know Verso. and its nearer 1 million a year at original offering
    probably why they are going low

  20. #20
    Thailand Expat armstrong's Avatar
    Join Date
    Oct 2011
    Last Online
    @
    Posts
    3,163
    And it's situated on a golf course so there is that

  21. #21
    Hangin' Around cyrille's Avatar
    Join Date
    Oct 2006
    Last Online
    @
    Posts
    21,000
    Was wondering how this place gets by with just a driving range.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •