G-Shock releases anniversary watches

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http://www.nationmultimedia.com/detail/Corporate/30345760

G-Shock releases anniversary watches

Corporate May 18, 2018 20:39

By The Nation

To celebrate 35 years of the Casio G-Shock, the Central Marketing Group Co Ltd, the distributor of the watches, is offering a special tribute to the square-faced timepiece with the first ever full metal construction, available at Casio stores, Watch Station and major department stores.

Exclusively for Thailand, G-Shock will provide eight limited edition Porter watches, a gold-ion plated model and its silver counterpart.

There are also 500 watches made with Japanese luggage-maker Yoshida & Co Ltd which come cased in a specially designed bag produced by Yoshida, under its Porter brand.

Visit Thai Casio’s Facebook page or http://casio-cmg.com/the-origin-5600/.

Fitch gives Thailand triple-A rating

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http://www.nationmultimedia.com/detail/Corporate/30345729

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Fitch gives Thailand triple-A rating

Corporate May 18, 2018 17:26

By The Nation

Fitch Ratings in Thailand has affirmed the “AAAmmf(tha)” National Scale Money Market Fund Ratings on TMB Money Fund (TMBMF) and TMB Treasury Money Fund (TMBTM). TMB Asset Management Company Limited manages the two money-market funds.

Simultaneously, Fitch has chosen to withdraw the ratings of TMBMF and TMBTM for commercial reasons. Fitch will no longer provide ratings or analytical coverage for the funds.

The affirmation reflects the stability of both funds’ credit, market and liquidity profiles, based on surveillance data provided to the agency covering the period up to April 2018.

Intermach showcases ‘smart factory’

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http://www.nationmultimedia.com/detail/Corporate/30345720

Intermach showcases ‘smart factory’

Corporate May 18, 2018 15:33

By The Nation

The 35th Intermach will showcase themes on the “smart factory” and the automatic production process without human labour, organisers said.

The event, considered Asean’s largest industrial machinery exhibition, is expected to generate more than Bt10 billion in trade value.

Chiruit Isarangkun Na Ayuthaya, president of the Thailand Convention and Exhibition Bureau (TCEB), said that Intermach 2018 reflects upon TCEB’s policy that places a focus on the conference and exhibition events that feature benefits which are in line with the country’s development strategy.

It runs until May 19 at the Bangkok International Trade and Exhibition Centre (Bitec).

TCEB is collaborating with UBM Asia (Thailand) Co Ltd to provide a full range of overseas marketing activities for the international exhibition which includes attracting organisations and overseas governments to exhibit pavilions as well as drawing potential buyers to join the event.

From the cooperation, it is expected that the event will attract more than 45,000 attendees. Last year, the event attracted 43,000 with 600 companies from around the world.

Sanchai Noombunnam of UBM Asia (Thailand) Co Ltd said the event showcases the latest technology of industrial machinery covering a wide variety of manufacturing industries, including automotive, electronics, construction, medical devices, furniture and agriculture.

“TCEB’s objectives are not only to sustain the existing markets or expand new markets to increase the numbers of international exhibitions in Thailand but to secure the position of Thailand with the highest record of net exhibit space sold in Asean. Also, Intermach is recognised as a significant platform which can further generate economic value for Thailand. It is expected that this year, the trade value at the Intermach will reach Bt12,000 million and attract 45,000 attendees,” said Chiruit.

DTAC unveils Bt18 bn network boost

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http://www.nationmultimedia.com/detail/Corporate/30345663

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DTAC unveils Bt18 bn network boost

Corporate May 18, 2018 01:00

By   JIRAPAN BOONNOON
THE NATION

DTAC says it will invest as much as Bt18 billion under a plan to offer data-intensive services on the telecommunications operator’s 2100 MHz and 2300 MHz spectra.

The investment covers 2018 and by the end of the year the services on the 2300 MHz LTE-TDD network will reach 37 provinces, the operator said. Coverage will be nationwide next year under an overall goal to provide the services that are envisaged as handling the demands of the incoming 5G standard.

Lars Norling, chief executive of Total Access Communication (DTAC), said that the company yesterday carried out testing of the network services on the 2300 MHz spectrum for the first time in Thailand.

The firm will use advanced technology that can work with the future 5G services and help drive the country towards the goals of Thailand 4.0, Norling said. It will also spend heavily on base stations and telecommunications tower for the services that will run on the 2100 MHz and 2300 MHz spectra.

“We are continuing the densification of our network. The total investment for our 2100 MHz and 2300 MHz network is between Bt15 billion and Bt18 billion,” Norling said.

“Last year, we built over 4,000 cell towers. And this year, we are on track to repeat that. DTAC is deeply committed to building the best data network in Thailand.

“The new network is therefore the key to building Thailand 4.0 for today, but also for tomorrow.

“The 2300 MHz TDD will allow entirely new applications that require massive amounts of data. Imagine self-driving vehicles, VR goggles and farmers using automated drones to survey their fields with high-resolution cameras.”

Yesterday’s internal testing of the 2300 MHZ spectrum network services covered 10 sites in areas such as Sukhumvit, Ratchaprasong and Rama 3 in Bangkok.

“DTAC plans to roll out the 2300 MHz network in 37 provinces this year,” Norling said.

“The first areas of commercial operation will focus on high-traffic zones and will be ready for the first phase of commercial next month in Bangkok. DTAC plans to provide the 2300 MHz network services cover the whole country by the end of next year.”

Norling said that there were more than 85 models of devices – or 70 per cent of 4G devices – that worked with the 4G TDD network. The models included devices from the likes of Sony, iPhone and Samsung.

The TDD network is used widely in 57 countries, including China, India and Australia. Thailand will be the country in Asia Pacific region to provide LTE-TDD network services.

Norling said the firm has more than 20,000 telecommunications towers to provide broadband services nationwide. It plans to set up an additional 4,000 communications towers by the end of this year.

He said that the firm has a partnership with TOT to use 60 MHz of bandwidth on the 2300 MHz spectrum (from 2310-2370 MHz) to provide broadband services based on the 4G LTE-TDD (Time Division Duplex) technology.

TOT president Montchai Noosong said that partnership will enable the use of 4G LTE-TDD for the first time in Thailand.

The standard is used is used for mobile broadband and fixed wireless broadband services. It supports not only corporate business but also the upgrading of Thailand’ digital infrastructure to keep up with advances in other countries.

The goal is to plan the network utilisation to serve users nationwide. The deployment of the 60 MHz bandwidth on the 2300 MHz spectrum is suitable for wireless high-speed Internet, ensuring that 4G LTE-TDD is key to the success of Thailand’s communications and digital future, the company said.

CK Power assigned “A” in company rating

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http://www.nationmultimedia.com/detail/Corporate/30345656

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CK Power assigned “A” in company rating

Corporate May 18, 2018 01:00

By The Nation

TRIS Rating has affirmed the company rating of CK Power PLC (CKP) at “A”.

 At the same time, TRIS Rating has assigned the rating of “A-” to CKP’s proposed issue of Bt6.5 billion in senior unsecured debentures.

The one notch below the company rating reflects the structural subordination of the proposed debentures, compared with existing loans at subsidiaries.

The proceeds from the debentures will be used for investment and refinancing its existing debt.

WHA ID enters joint deal for Rayong estate

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http://www.nationmultimedia.com/detail/Corporate/30345653

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WHA ID enters joint deal for Rayong estate

Corporate May 18, 2018 01:00

By   THE NATION

WHA Industrial Development Plc (WHA ID), a logistics and industrial facilities provider and a member of WHA Group, has signed a shareholders agreement with IRPC Plc for the development of WHA Industrial Estate Rayong in the eastern province.

WHA ID, formerly known as Hemaraj Land and Development Plc, will hold 60 per cent of the new joint venture, to be named WHA Industrial Estate Rayong Co Ltd, with the remainder held by IRPC.

It will be set up in third quarter of this year with registered capital of Bt650 million. The joint-venture company will acquire from IRPC a 2,152-rai site in Ban Kai district for the industrial estate.

The site is 20 kilometres from Rayong City, 36 kilometres from Map Ta Phut Port and 50 kilometres from U-Tapao airport.

As part of the government-sponsored Eastern Economic Corridor (EEC) initiative, the industrial estate will target investors in the 10 S-curve industries – such as next-generation automotive, robotics, aviation and logistics, as well as mechanical assembly, food processing and other supporting industries.

Under the management of WHA ID, the company said the estate will benefit from the company’s 30-year expertise and high standards in terms of engineering design, planning and environment protection.

WHA ID will be responsible for marketing and securing both Thai and international investors and tenants as well as implementing its best practices in terms of environment protection, water and waste management, community relations and corporate social responsibility policies.

Jareeporn Jarukornsakul, WHA chairman and group chief executive officer said the new industrial estate would enjoy a good location at Ban Khai district within the EEC.

“WHA ID will apply the highest standards for the project the benefit of all stakeholders, including our customers, employees and the surrounding communities,” Jareeporn said.

Sukrit Surabotsopon, president of IRPC, yesterday said: “This joint venture with WHA ID is based on building the synergies between the two companies.”

David Nardone, group executive industrial and international at WHA Industrial Development, said the company is looking forward to developing the new industrial estate that will be well-equipped to accommodate the EEC’s 10 S-curve industries.

“The company will deliver a state-of-the art, customer-focused world-class industrial estate that will create new demand for a skilled workforce and help boost the country’s growth,” Nardone said.

“With the establishment of WHA Industrial Estate Rayong, WHA ID confirms its leading position as the largest industrial estate developer in Thailand, with a combined area of over 48,500 rai.”

Biotech prepares share selloff

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http://www.nationmultimedia.com/detail/Corporate/30345649

  • Supamas Isarabhakdi, managing director of DOD

Biotech prepares share selloff

Corporate May 17, 2018 17:50

By The Nation

DOD Biotech PLC, a dietary supplements manufacturer, is issuing 110 million additional ordinary shares with a par value of Bt0.5 and the proceeds were due to be invested in a raw material extract plant and an international-standard lab. The shares are due to be listed within the next few months.

Supamas Isarabhakdi, managing director of DOD, said consumers could be confident with the standard and safety of the products.

Supamas said the capital raised would partly be used for investment in a raw material extract plant to develop components for dietary supplement manufacturing.

Philips Lighting becomes Signify

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http://www.nationmultimedia.com/detail/Corporate/30345647

Philips Lighting becomes Signify

Corporate May 17, 2018 17:05

By The Nation

Philips Lighting has changed its name to Signify in a global rebranding exercise.

“The choice of our new company name originates from the way light has become an intelligent language, which connects and conveys meaning,” said Eric Rondolat, CEO of Signify. “It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for brighter lives and a better world.”

The company expects the name change to be implemented by the end of the year.

Founded as Philips in Eindhoven in the Netherlands, 127 years ago, in 2016 the lighting firm spun off from Philips, becoming a separate company, listed on Amsterdam’s Euronext Stock Exchange.

With operations in more than 70 countries and 32,000 staff worldwide, the firm said it generated sales of €7 billion in 2017.

“We are driven by the principle that light is essential,” Rondolat added. “And by connecting it to networks, software and cloud computing, we open the door to a smarter world where light delivers value beyond illumination.”

Allianz promotes healthy run

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http://www.nationmultimedia.com/detail/Corporate/30345646

Allianz promotes healthy run

Corporate May 17, 2018 17:00

By The Nation

Allianz Ayudhya Assurance, together with provincial authorities of Ratchaburi, the Association of Suan Phueng Tourism, Move Asia and Thai.Run, is introducing the Allianz World Run Thailand Series 2018. Thais are invited to be part of Allianz Group’s global run and promote healthy living.

The race is divided in two. There is the virtual run where distance logs are captured online for 90 days and the field run in Suan Phueng district, Ratchaburi province, this November. The total of distance gained by all runners will be converted into donations for the Thais with Disabilities Foundation.

Bryan Smith, CEO of Allianz Ayudhya Assurance PCL, said the Allianz Group, a major shareholder in Allianz Ayudhya, has been holding Allianz World Run for many years to encourage staff globally to take a better care of their health through running as well as help support underprivileged communities.

In 2017, the firm’s staff ran for a total of 1.3m kilometres, which was converted into Bt20 million in donations for children’s foundations.

Siam Piwat adds top brands under ‘One Siam’ banner

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http://www.nationmultimedia.com/detail/Corporate/30345644

Siam Piwat adds top brands under ‘One Siam’ banner

Corporate May 17, 2018 16:34

By The Nation

Siam Piwat Company Ltd, the owner and operator of Siam Paragon, Siam Centre, and Siam Discovery, has united the operations under “One Siam”, designating a downtown shopping destination with fresh new brands and an ever-changing shopping experience.

Recently launched shops include international brand COS, the Croquant Chou Zakuzaku dessert shop from Japan for its first launch in Thailand, and brands Onitsuka Tiger and Lyn with their biggest concept stores in Southeast Asian.

Siam Piwat has a history of offering SMEs the opportunity to launch their brands in a promising location for the retail industry.

“Siam Piwat has a steady, strong stance thanks to its main strategy as ‘The Icon of Innovative Lifestyle’,” said Mayuree Chaipromprasith, senior executive vice president to Siam Piwat Co Ltd.

“We focus on offering new concepts to develop new projects, retail businesses and a variety of cutting-edge lifestyle concepts that never before existed in Thailand, or even for the first time in the world – which bring to life our commitment to functional design and quality.”