Kaspersky Lab eyes double-digit Thai revenue growth, mulls local branch office

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Kaspersky Lab eyes double-digit Thai  revenue growth, mulls local branch office

Corporate May 14, 2019 17:08

By Jirapan Boonnoon

The Nation

Global Internet security company Kaspersky Lab, which expects to achieve double-digit revenue growth in the Thai market this year, is considering setting up a branch office in the country.

Yeo Siang, general manager at Kaspersky Lab South East Asia, on Tuesday said that Thailand represented a high-potential growth market for the Russia-headquartered business.

Enterprise, business and end customers have concerns about online security protection and the company has security solutions and services to support all segments of the market, he said.

The main target markets in the Kingdom are business-to-business (B2B) including banking, government, telecoms, medical and large enterprises.

The firm also offers enterprise solution services and security solutions to support Internet of Things (IoT) devices and cyber-security.

Kaspersky Lab is considering establishing a branch office in Thailand, and also has plans to join hands with a Thai university to provide security courses for students in order to transfer knowledge and know-how to leverage security skills to the younger generation, he explained.

Meanwhile, Benjamas Chuthapiphat, territory channel manager, Thailand, at Kaspersky Lab, said that the company offered security packages, solutions and services such as anti-virus for mobile, Android devices, Endpoint Detection and Response, as well as total security solutions to support business-to-customer (B2C) clients, B2B customers and large enterprises.

Kaspersky Lab distributes its security products and services in Thailand via more than 100 resellers and three distributors: Tech Titan, Icom Tech, and VST ECS (Thailand).

She added that Kaspersky’s Thai business this year is expected to generate revenue growth of around double digits, divided into B2B at around 60 per cent and 40 per cent from B2C.

Factors driving market growth come from the awareness of business to concerns about cyber-security, the Thailand 4.0 scheme, smart city projects, users’ concerns, as well as awareness over online security and cyber-threats in banking, and how to protect businesses and their customers, Benjamas said.

Rising threat level

Kaspersky Lab has also released in its “Kaspersky Security Bulletin for 2018”, which contains local statistics and an overview of threats for Thailand for the past year.

According to the report, the Web remains one of the major sources of cyber-threats in the country, with the company detecting 30.2 million Internet-borne infections last year.

Overall, 31.8 per cent of Thai users were attacked by Web-borne threats in 2018, according to the report, which comprises data from Kaspersky Security Network.

This marks a significant increase in comparison with 2017, when Kaspersky Lab products detected only 12.7 million threats, with 29 per cent of users attacked.

According to Suguru Ishimaru, security researcher at Kaspersky Lab Japan, the increase in the number of online threats in Thailand follows a global trend, with the overall growth of detected malicious installation packages and new mobile-banking Trojans.

Several Southeast Asian countries also made it into the world’s top 10 nations with the highest percentage of users attacked by online threats – for example, by banking Trojans such as DanaBot, which was detected in the second quarter of 2018 and continues to develop rapidly.

“Currently Thailand is 73rd worldwide in terms of the dangers we have detected which are associated with Web surfing. While we can easily say that Thailand is safer compared with its neighbours in the region, we still highly urge Internet users in the country to put their guard up against these costly and damaging online threats,” said Siang.

“The more than 30 million online infections blocked last year proved that Thailand is still within the radar of cyber-criminals. Beef up your defences and improve your online habits. Do not be a willing prey,” he added.

Attacks via browsers are the primary method for spreading malicious programs.

Most often, cyber-criminals penetrate systems by exploiting vulnerabilities in browsers and their plugins (drive-by download), he GM added.

Infection due to this type of attack takes place when visiting an infected website, without any intervention from the user and without their knowledge.

This method is used in the majority of attacks. Among them, file-less malware is the most dangerous, as its malicious code uses registry or WMI subscriptions for persistence, leaving no single object for static analysis on the disk, Siang said.

Kaspersky Lab products that were developed to fight such stealthy threats apply a Behavior Detection component, which benefits from ML (machine learning)-based models and behaviour heuristics to detect malicious activity even if the code is unknown, he added.

Dusit inks deal with Vietnam developer for hotel near Hoi An

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Dusit inks deal with Vietnam developer for hotel near Hoi An

Corporate May 14, 2019 13:38

By The Nation

Dusit International, one of Thailand’s leading hotel and property development companies, has signed a hotel management agreement with Vietnam-based property developer Hoi An Royal Group to operate Dusit Thani Hoi An, the first Dusit Thani branded hotel in Vietnam.

Located in a prime beachfront setting in Dien Ban Town near the ancient trading port of Hoi An – one of the most popular tourist destinations on Vietnam’s South Central Coast – the resort is set to open in 2021.

It will have 180 well-appointed guest rooms and 69 luxury villas, making it one of the largest internationally branded resorts in the area.

Dusit Thani Hoi An will be Dusit’s second property in Vietnam, following the opening of the upper midscale Dusit Princess Moonrise Beach Resort, Phu Quoc in May last year.

RS claims industry’s highest quarterly profit, cites MPC and Channel 8

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Dam Nana, chief financial officer of RS Public Co Ltd
Dam Nana, chief financial officer of RS Public Co Ltd

RS claims industry’s highest quarterly profit, cites MPC and Channel 8

Corporate May 14, 2019 11:59

By The Nation

RS has announced profits of Bt110 million for the year’s first quarter, despite the slow economy.

The company attributes the growth to its capital management, the strength of its MPC business, as well as Channel 8’s new schedule which is attracting more advertising. They also pointed to the savings resulting from the recent Section 44 proclamation that benefited digital TV operators.

Dam Nana, chief financial officer of RS Public Co Ltd, pointed to the quarterly performance as evidence the company continued to grow steadily and has the highest profit in the industry.

Its revenue and profits were strong despite the slow economy, with the revenue reaching Bt929 million and a profit of Bt110 million, an 8 per cent increase over the same period last year.

After being listed in the “commercial” category since March, the company’s management and employees are united as one and are moving forward, he said. This move has attracted new investment opportunities, both local and international, beyond that of a traditional media business.

The company has also shifted its business focus and fully entered the MPC business. Thanks to the company’s strengths and expertise, it is able to manage its capital efficiently in every business.

“Our growth in profitability proves our success in managing our capital efficiently and the success of our new business model, which supports our overall growth,” said Dam.

In the first quarter, MPC continued to be the biggest earner after the company expanded its sales channel through Thairath TV, a strong partner who is a leader in digital TV with a nationwide audience.

The company has also improved its sales on other channels while also strengthening the skills of its telesales team to ensure an efficient backend operation and encourage customers to place orders regularly.

Additionally, RS has added more variety to its offerings, with plans to launch more than 100 SKUs throughout the year, available through multiple channels. There were also exclusive items available through LSBIZ only, as well as special promotions in the first quarter, which stimulated steady growth.

As for its digital TV business, Channel 8 has more viewers compared to other older players, and attracts more advertisement, according to a company release. Channel 8 adjusted its schedule in May and will see more advertising income from Q2 onwards. With series like Aladdin, Phleng Lub Lae, other Thai series and variety programmes, Channel 8’s prime-time ratings will be strong every day of the week, said the release.

The government’s implementation of Section 44 to help digital TV operators also further reduced the company’s capital. Coupled with RS’s strong management, it is able to fill up 100 per cent of the advertisement slots by utilising the air time for MPC business, resulting in more growth, according to the company.

“We are committed to our vision to further grow our company and fully enter MPC business as well as maximise our capital. We are confident that our company will continue to generate great revenue and sustainable profits in the future,” said Dam.

Minor Hotels joins hands with Les Roche to launch Thai hospitality institute

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Minor Hotels joins hands with Les Roche to launch Thai hospitality institute

Corporate May 14, 2019 11:32

By The Nation

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The Asian Institute of Hospitality Management will be open next year with campuses in Bangkok and Chonburi, in a venture by Minor Hotels in an academic association with Les Roches Global Hospitality Education.

Les Roches is ranked among the world’s top three higher education institutions for hospitality and leisure management.

Minor Hotels aims for the institute to become the leading hospitality education facility in Southeast Asia and will offer certificates, diplomas and Bachelor’s degrees in hospitality management in academic association with Les Roches.

It will launch in September 2020.

Les Roches follows the Swiss model of education and operates under the umbrella of Sommet Education, a hospitality education leader committed to delivering exceptional student experiences and developing the leaders of tomorrow, according to a release.

The institute’s Bachelor’s degree will be modelled after the Swiss education system and can be completed in seven semesters, or 3.5 years, combining classroom studies and practical training. Students who qualify are to be offered opportunities to transfer to Les Roches campuses in Bluche, Switzerland and Marbella, Spain.

The strategic decision to open campuses in both Bangkok and Chonburi, a coastal area lined with popular beaches, aims to ensure the institute is well placed to support the needs of Thailand’s fast-growing tourism industry, particularly that of the Eastern Economic Corridor.

Bridging the gap between an ever-increasing demand for experienced hospitality leaders and limited domestic supply, the institute will also offer development training for hotel industry professionals.

“Our decision to partner with Les Roches stems partly from Minor Hotels’ rapid expansion, both domestically in Thailand and internationally – a growth spurt that sees us recruit over 6,000 additional staff members every year just to keep up with our expansion plan,” said Dillip Rajakarier, CEO of Minor Hotels.

“It also ties in with our vision to set up a world-class Thai hospitality institute independent of any hotel brand to provide best-in-class Bachelor’s degree education for real-world application, in the context of a fast-evolving business environment,” Rajakarier continued.

Benoit-Etienne Domenget, the CEO of Sommet Education, said, “We are happy to support Minor Hotels in addressing the regional need for specialised talent and expertise in the field of hotel management. Thailand is ranked in the top five global tourism destinations alongside France, Spain, Italy and the US, an ideal location for a hospitality education centre.”

Domenget continued, “Future students will benefit from the extensive expertise and knowledge of two renowned leaders in the industry. We are very excited to embark on this partnership.”

True Group profit surges driven by cellular service revenue

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True Group profit surges driven by cellular service revenue

Corporate May 14, 2019 10:44

By The Nation

True Group’s profitability significantly improved in the first quarter of this year as service revenue grew to Bt25.8 billion driven mainly by solid growth of the cellular service’s revenue, while cost and productivity measures continued to gain traction.

Its operating profit surged to Bt1.5 billion in the first quarter of this year, five times higher than the same period last year, driving net profit to Bt1.5 billion compared to a loss of Bt673 million in the first quarter of the year 2018.

True Corporation Plc president Dr Kittinut Tikawan said late on late Monday that the solid performance was achieved as the company continued to place importance on cost and productivity measures as well as on targeted marketing campaigns that match consumers’ needs.

The cellular business was the leading growth driver, with service revenue increasing 7.6 per cent year-over-year in the first quarter 2019 compared to a 3.5 per cent contraction by our primary competitors combined, he said.

TrueOnline maintained its competitive edge in the broadband internet market with value-driven FTTH and 1 Gbps propositions attracting more high-quality subscribers, said Kittinut.

Meanwhile, TrueVisions continued to add value to True Group’s multiple platforms, particularly TrueID, according to a company release.

The establishment of True Digital Group, combining digital media and privilege platforms, internet of things (IoT), analytics and other digital offerings, affirmed the company’s determination to proactively build a comprehensive digital ecosystem that will be a key growth driver for True Group in the foreseeable future, Kittinut said.

Robotic firm in autonomous forklift breakthrough

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Wareemon Purapati, managing director of GenSurv Co Ltd
Wareemon Purapati, managing director of GenSurv Co Ltd

Robotic firm in autonomous forklift breakthrough

Corporate May 14, 2019 01:00

By THE NATION

GENSURV, a Thai robotic company has launched “Ply AGV”, a new autonomous forklift developed by Thai robotic engineers as part of its Industry 4.0 drive to penetrate the rising robotic and automation systems market in Thailand.

Wareemon Purapati, managing director of GenSurv Co Ltd, revealed the birthing story of the tech startup. “We are a group of Thai robotics engineers who have a passion for robotics and had participated in Robocop competitions during our student years at university. We have continued our passion for mobile robots and developed them into real industrial robotic solutions.”

The company started by creating “unmanned boats” in order to speed up hydrographic surveys and increase their precision and cost-effectiveness. They also launched ROV, an underwater survey robot.

In 2017-18, the company received funding from Thailand Research Fund (TRF) and co-invested in research and developments of an autonomous forklift for transportation of goods within warehouses – the “AGV Forklift”, which has evolved to today’s Ply AGV.

They are now ready to commercialise this latest breakthrough.

Autonomous vehicles with laser-guided navigation are now hot products for use in smart warehouses. With the worsening shortage of experienced forklift drivers with the required licences, combined with the rising volume of products that need to be moved around and managed in warehouses and on production lines, there is a need for robotics and automation. Add in the need for increased speed and efficiency and the demand for real-time delivery and detailed digital tracking information in this era of online trading and real time data connection, and AGVs have emerged as the best available solution at the warehouse and factory level.

AGVs can move products efficiently, as well as connect transport information to warehouse and production systems. Moreover, they can receive, transmit and store real-time data about the status of goods, enabling them to capture how many items have been taken out and on which date and time. Companies can know the status of

inventory in a timely fashion.

The locally developed Ply AGV autonomous forklift is guided by a laser system, which makes it superior to typical AGVs, which follow a fixed route using wire or magnetic tapes.

That laser navigation allows it to be used to move goods on the ground or on the upper shelves of warehouses or product lines like a traditional human-driven forklift, but without the human errors and resulting product damage that can slow down processing.

“We converted a normal forklift to be autonomous,” said Wareemon. “For safety, the AGVs are equipped with world-class navigation and safety sensors to enable AGVs to work with high precision. The benefits of AGVs are they can work tirelessly, reliably and safely 24 hours a day and can send information about their work and location.”

Given the shortage of experienced forklift operators and the need to increase efficiency in moving goods around warehouses and production lines, AGVs present a solution. They also reduce errors and accidents, and address the need to connect work data, transportation and real-time status in a market which requires more rapid response.

Imported models are available in Thailand only at a very high price, she noted.

Ply AGV offers a wide range of models according to the needs of customers and users. They include the AGV Counter Balance forklift for handling heavy loads, the AGV Pallet Mover forklift for moving goods at ground level and the AGV Pallet Stacker forklift system that can lift items up to shelves. They all move freely without new structures or magnetic tracks and have a built-in safety measure with sensors to stop when encountering people or barriers. This is in compliance with international standards.

Another important advantage is that users of Ply AGV will gain confidence in the installation and maintenance services offered by engineers, manufacturers and designers who have expertise in Thailand, can closely design the system to meet customers’ requirements, and will provide after-sales services in a timely manner.

GenSurv can also boast its locally designed and produced unmanned survey vessel (USV) that is quicker, more accurate and economical than those with drivers.

The USV is ideal for use in exploration work in areas that are difficult for people to access, such as exploration for marine gas pipelines or large water sources.

It is also ideal for surveying water sources that are at risk of danger, water mapping, determining the volume of dams or sources of water for water management and waterworks, as well as underwater surveys and water quality monitoring in various areas.

First InfocommAsia trade show set for Bitec this week

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First InfocommAsia trade show set for Bitec this week

Corporate May 14, 2019 01:00

By THE NATION

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INFOCOMMASIA, a unit of Avixa, will hold its first major trade show and conference on the latest professional audio and video (AV) technology in Asean at Bangkok’s Bitec from May 15-17.

Richard Tan, executive director of InfocommAsia, said Thailand was chosen as the venue for the event largely because of its attractiveness in the eyes of international exhibitors and business visitors.

According to Tan, both Thailand and Singapore were considered as the potential venue with the latter seen as the region’s leader in terms of AV technology, but those surveyed by the organiser preferred Bangkok as the event location.

Professional AV technology is essentially aimed at helping businesses to communicate with their customers in a more experiential way, said Tan.

“For example, the retail industry wants to communicate with their potential customers or shoppers in a way that excites them, not just having a piece of paper with printed text and expecting them to read it – that’s very boring.

“They should instead use digital signage technology to communicate in a way that creates emotions and gets shoppers excited and wanting to buy the products.

“Another example is the media industry using video walls to better communicate with their audience in a way that’s not just verbal but visual in nature and that excites them,” he explained. “In fact, AV technology can help virtually every industry to better communicate with their customers in a way that’s more experiential.”

Infocomm events have been held in the US, Europe and South America, as well as Asia. China has hosted two Infocomms while India held the last one.

The May 15-17 Infocomm in Bangkok will be the first in Southeast Asia.

According to Kanokwan Sukchaisri, director of Expo Inter Co, InfocommAsia’s sales representative for Indochina, education, national defence, public safety, traffic management, healthcare and hospitals, retail, and tourism sectors are among those that would benefit from the latest professional AV technology.

“For example, the tourism sector could use the technology to present Thai history in a more interesting and experiential way to foreign visitors, or traffic control management authorities could use it to better display complicated data,” she said.

About 7,000 professionals, technology managers and business people from Southeast Asian and other countries are expected to attend Infocomm in Bangkok. It will not be opened to the general public.

Thailand is among the biggest markets for professional AV technology and products in the region, currently registering one of the highest growth rates.

InfocommAsia in Bangkok will also include a comprehensive range of 75 technical seminars on the latest AV technology over the three-day period for those who have pre-registered at http://www.Infocomm-SEA.com.

According to Tan, many Asean countries have either announced or are implementing plans to expand their infrastructures across the region, and so it is a good opportunity for policymakers and private sector executives to learn about cutting-edge AV tech and products. The technology could help them maximise the benefits of these projects, especially in terms of integrating AV and other digital technologies into the national development programme, he said.

Singapore’s Lopal lubricates into Thai market

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Shi Junfeng, chairman of Jiangsu Lopal Tech Co Ltd, presents the company's Trisonic lubricant products at its official launch into the Thai market yesterday.
Shi Junfeng, chairman of Jiangsu Lopal Tech Co Ltd, presents the company’s Trisonic lubricant products at its official launch into the Thai market yesterday.

Singapore’s Lopal lubricates into Thai market

Corporate May 14, 2019 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

2,011 Viewed

LOPAL Tech Singapore Pte Ltd yesterday announced the official launch of its lubricant business in Thailand, with its flagship brand Trisonic set to penetrate the Kingdom’s 500-million-litre lubricant market.

The move is in line with Lopal Tech Singapore’s expansion of its lubricant business in Southeast Asia and eventually, it hopes, the global market.

Trisonic is a new global lubricant brand that was 100-per cent created and crafted in Singapore. The brand is owned by Lopal Tech Singapore, which is managed by a group of experienced professionals with decades of industry experience who have worked for some of the world’s biggest lubricants and performance additives companies.

Shi Junfeng, chairman of Jiangsu Lopal Tech Co Ltd, said the company sees great potential in Thailand for its Trisonic lubricant business.

“Thailand is our choice for the Trisonic global launch for many reasons. Thailand is the second largest lubricant market in Southeast Asia after Indonesia, with world-class lubricant manufacturing facilities,” Shi said.

“Thailand has a large vehicle population for passenger cars, pick-up trucks and motorcycles at 8, 6 and 20 million units respectively

“The estimated engine oil demand is at 110, 110 and 90 million litres respectively. Initially, we will focus sales and marketing efforts in these important vehicle segments to grow our fair share of market over the next five years. For confidential reasons, we are unable to disclose our sales targets,” said Shi.

He noted the lubricant market in Thailand has been dominated by PTT, but also includes competition from many global and regional lubricant players. The market has attracted new lubricant marketers because of its size.

“There are several major lubricant companies in Thailand such as PTT, Shell, ExxonMobil, BPCastrol which dominate the lubricants market. We believe the size of Thailand’s lubricant market provides opportunities for new brands like Trisonic. Trisonic products are positioned on a similar platform to global lubricant players. We will offer quality products to consumers that comply with API standards and Thailand Ministry of Energy approvals. One of our marketing strategies is to educate consumers on the importance of quality engine oils.

The consumers will learn to differentiate between high quality engine oils over price, and therefore select the right engine oil that provides optimal performance and protection for their vehicles,” he said. Shi said that the Thailand Ministry of Energy’s approval system for engine oils is one of the most stringent globally. “All Trisonic engine oils come with the Ministry’s approval number that provides quality and performance assurance to our global customers.”

He added that the total demand for lubricants in Thailand is at about 500 million litres per annum, of which 350 million litres are automotive lubricants.

“Another driving factor for the growth of the lubricant market in Thailand is the high vehicle population in the country. There is a total vehicle population of 36 million in the market, consisting of 20 million motorcycles, eight million passenger cars, six million pick-up trucks, and another one million trucks and buses. Thailand is also a regional vehicle production and export base for the world’s top carmakers, with annual vehicle exports exceeding one million units and the second largest pick-up truck market in the world behind the US. Thailand is also the fifth biggest producer of motorcycles in the world after China, India, Indonesia and Vietnam,” said Shi.

Sales of Trisonic-branded products have now commenced in Thailand and China, said Winston Fong, general manager of Lopal Tech Singapore. The company’s growth ambition for Trisonic is to expand the brand rapidly into Asia Pacific and Africa regions over the next five years, and to all potential markets around the world within 10 years.

“For Thailand, our initial manufacturing strategy for Trisonic is through contract manufacturing with a world-class lubricant manufacturer in the country to support local sales and export to other countries in the region. With business expansion, we will continue to expand our manufacturing footprint to bring us closer to our target markets and to better serve our customers,” he said.

Trisonic lubricants are designed to serve and meet the current and future vehicle technology around the world. Building on the latest technology in lubrication science, Trisonic engine oils are specially formulated to provide optimal power efficiency, outstanding performance and maximum protection to all engines, he claimed.

“We want all of our customers to be fully confident that using Trisonic engine oil will enable them to achieve a “Tri Sonic” experience,” said Fong.

“Trisonic represents best-in-class products and service, guided by global market trends and consumers’ needs and demands. Our products are developed through on-going new product research and development to serve and meet the current and future vehicle technology. Our top-tier Trisonic engine oil products are registered and approved by API and further supported with official approval from Thailand Ministry of Energy, which is one of the world’s most stringent government engine-oil approval system,” he noted.

As a “total fluid solutions supplier”, Lopal Tech Singapore offer a comprehensive range of products that enable vehicles and equipment to perform better and last longer, according to the company. Their product range includes engine oils, transmission fluids, brake fluids, coolants and diesel exhaust fluid.

Fong said that the initial launch of Trisonic products in Thailand will cover a full range of automotive lubricants from passenger car motor oils (PCMO), pick-up engine oils, motorcycle engine oils, and heavy- duty engine oils (HDEO), to automatic transmission fluids and automotive gear oils. The price range will be competitive with other global brands such as Shell and BPCastrol, he said.

“Our target customers are those who fully understand and are convinced that good quality engine oils provide protection to their vehicles, transmissions, catalyst and emission systems, resulting in optimal performance.”

He said that the initial key marketing objectives of Trisonic in Thailand are to focus on brand introduction, creating brand awareness and an emphasis on why using good quality oil is important to vehicle owners and consumers.

For the next phase, the brand will focus on rapid expansion of retail channels such automotive parts distributors or suppliers, and workshops through close co-operation with exclusive distributors, he added.

Live lottery drawing broadcast on LINE Today

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Live lottery drawing broadcast on LINE Today

Corporate May 13, 2019 18:19

By The Nation

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LINE Today will broadcast live the drawing of government lotteries in the middle and end of every month.

According to its press release, LINE Today is the first online parter allowed to broadcast the lottery drawing live. It will also provide statistics on the previous lottery numbers drawn.

Fitch affirms KCE Electronics rating at ‘A-(tha)’

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Fitch affirms KCE Electronics rating at ‘A-(tha)’

Corporate May 13, 2019 17:46

By The Nation

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Fitch Ratings (Thailand) on Monday affirmed KCE Electronics’ national long-term rating at “A-(tha)”, with a stable outlook.

The rating affirmation reflects Fitch’s expectation that the listed firm should be able to maintain its leading position in the automotive printed circuit board business.

The ratings firm expects KCE’s financial profile to remain strong, despite weaker earnings in 2018, with funds from operations adjusted net leverage below 1x over the medium term.