Toyota introduces automatic Fortuner 2.4-litre

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Toyota introduces automatic Fortuner 2.4-litre

Auto & Audio May 10, 2019 16:21

By The Nation

Toyota has introduced the entry-level automatic gearbox version for the Fortuner 2.4-litre PPV with a pricetag of Bt1.299 million.

The Fortuner lineup now has seven models with two engine choices but no manual transmission. The top 2.8 TRD model is priced at Bt1.769 million. Both the 2.4-litre and 2.8-litre turbo diesel engines are B20 compatible.

The new 2.4G comes with dual beam LED headlights (automatic switching) and LED foglamps, rearview camera, 18-inch alloy wheels, brown leather seat upholstery DVD entertainment system with 8-inch infotainment, and paddle shifters for the sequential shift automatic gearbox.

Safety features include Vehicle Stability Control, Traction Control and three airbags.

Computing on the edge of tomorrow

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Computing on the edge of tomorrow

Tech May 11, 2019 15:23

By Asina Pornwasin
The Nation Weekend

2,073 Viewed

IBM is seeking thai partners to explore practical uses of its quantum computers

IBM’s quantum ambassador, Robert Loredo, recently met staff at the National Electronics and Computer Technology Centre (Nectec) to ask what the company could do to help Thailand solve problems through  quantum computing and advise how the Kingdom could benefit from its quantum hub partner in Asia.

Loredo, who was also promoting the IBM Q system and IBM Q Network while on the trip, explained to The Nation Weekend that the quantum computer allows for more collaboration than does the classic computer system. It can computer many things not possible through using the classic computer and is able to get results much faster because of the increased quantum speed.

“In what areas the quantum computer can help is something we are open to,” said Loredo. “Because right now IBM has been working with different partners in different industries such as intelligent offices, chemistry, finance, automation and energy. For example, it announced partnerships with Exxon Mobil, and is also looking for partners in finance and portfolio management, logistics, transportation, sales and engineering.”

The company is now in the quantum-ready phase, he said. “We have three different phases, including the quantum foundation phase, which was generally started back in 1920, that developed quantum mechanics and quantum physics theory. That was kind of a build-up of all the information we needed to produce a quantum computer,” said Loredo.

He said  IBM released its first quantum computer in May 2016, created on the cloud and available to everyone for free. With that it kicked off the era called “quantum ready” and released a 5 qubits (pronounced CUE-bit) system and a 16 qubits system that everyone can have access to on the cloud.

“Whatever you can do there is [based on] understanding the quantum principle that we use that is a part of quantum computing – how to use them to come up with either an algorithm or any other kinds of features and problems they want to solve,” said Loredo.

The two main features that it uses from quantum mechanic principles are “super procession” and “entanglement”. Super procession refers to the variation from the basic stage of physical classic computers that has a 0 and a 1. In quantum computer, it the stages are 0, 1, and a combination of both. So, it has the ability to calculate a lot more things and faster.

The second quantum mechanical principle of entanglement refers to the use of multiple qubits; two or more qubits entangle to share a combination of information.

“When you calculate one piece you take a measurement, you can use information in other qubits to calculate a lot of things,” said Loredo.

Those two main features of quantum computing can be used to advantage in the third phase. The computer is large enough and the algorithm is much more coherent and so is able to run and produce particular solutions that are not possible on the classic computer.

The drivers of mass adoption of quantum computing are found in many areas, such as the needs of logistics and traffic. For example, in Thailand traffic is a big enough concern.

IBM has met with Nectec, to seek the best approach to introducing quantum technology to Thailand. IBM has its Q Network featuring different partners, with one partner, Keio University, serving as the first Q Hub in Asia.

Keio is working with IBM to help organisations explore quantum applications important to business and science, while at the same time introducing the technology to the next generation of scientists.

The university has spent the past several months bringing together members of its team, which include students working alongside scientists with expertise in quantum chemistry, financial modelling, quantum encryption and security, and other areas to determine which algorithms may be most useful.

The students and researchers are also learning how to map their algorithms to qubits on the quantum chip and writing programs that can run efficiently, which reduces the amount of time in which errors can occur while a program is running.

Nectec in Thailand is working directly with Keio University on different research projects. Along with Keio University and IBM Q Network, it is looking at the potential for building a quantum ecosystem  in Thailand that could spread to Singapore, China, Japan and elsewhere.

Startups in focus

“We also are looking for partners who are interested in using quantum computing. One of our key partners is startups. A lot of startups have come with their ideas and projects to work with the IBM Q team on hardware and software to access and use the IBM Q system,” said Loredo.

He invited any startups, universities, or companies to join and partner with the IBM Q Network.

“We are in the early stage of quantum computers; there are so many stages of quantum computing ‘ready’ phases,” he said. “We call it a ‘ready’ phase since we need to prepare a lot things. We need to move to the quantum advantage phase. It is to have a system the can demonstrate and speed up the classic computer or compute something on a quantum machine that cannot be done on a big classic computer. To be able to move from the current phase to the quantum advantage phase is open. There is so much research going on right now that anyone can come in to join.”

Most of the IBM Q Network is at universities, because they obviously want to accelerate the research and to educate people about what quantum computing can do for research and business, said Loredo.

“Universities can understand technology and can teach and present those particular skills to people at any level, including the university level, high school level and post-graduate level.”

However, IBM Q Network is partnering with early adopters, innovative organisations, by offering access to IBM’s quantum computing systems through the cloud.

Only through this exchange of ideas, research and testing will quantum computing reach its full potential, powering breakthroughs that lead to new medicines and materials as well as advanced business and financial models.  Partners include automaker Daimler, which has a broad interest in how quantum computing can impact everything, from the optimisation of transportation logistics, to predictions about future materials for electric mobility, which is based on well-functioning cell chemistry within vehicle batteries.

JP Morgan Chase is researching how quantum computing can improve trading strategies, improve client portfolios and better-analyse financial risk.

The European Laboratory for Particle Physics (CERN) is working with IBM to explore how quantum computing can advance scientific understanding of the universe.

Recently, IBM announced the expansion of the IBM Q Network to include a number of global universities.

The universities intend to partner with IBM to accelerate joint research in quantum computing, and develop curricula to help prepare students for careers across science and business that will be influenced by this next era of computing.

For example, Florida State University, the University of Notre Dame, Virginia Tech, Stony Brook University, and the University of Tokyo will have direct access as academic partners to IBM Q’s quantum computing systems for teaching, and for faculty and student research projects that advance quantum information science and explore early applications.

Researchers take the leap for quantum-led gains

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 Sarun Sumriddetchkajorn, right senior research at Nectec, and Kanin Aungskunsiri, left, Photonics Technology Laboratory researcher at Nectec
Sarun Sumriddetchkajorn, right senior research at Nectec, and Kanin Aungskunsiri, left, Photonics Technology Laboratory researcher at Nectec

Researchers take the leap for quantum-led gains

Tech May 11, 2019 15:19

By Asina Pornwasin
The Nation Weekend

THE National Electronics and Computer Technology Centre (Nectec) is focusing on research into quantum computing technology, especially for quantum communication and quantum engineering.

The move is in order to help leverage the future industrial benefits from artificial intelligence, Big Data, machine learning and blockchain. Potential benefits could abound, for example, in pharmaceuticals, weather forecasting, traffic and marketing.

Sarun Sumriddetchkajorn, a senior researcher at Nectec, said that quantum is a major focus of the centre, particularly through using quantum computing in a complementary way with the classic super computer. That combination is expected to lead the future computing era, he said.

Nectec’s role is to collaborate with research institutes and universities in both education and raising awareness of the impact of quantum computing technology, and also to prepare the human resources needed for this area.

“Currently, there are around 10 researchers across universities deeply studying quantum computing technology. We are working together on how to help the country could benefit from the technology,” said Sarun. Kanin Aungskunsiri, a photonics technology laboratory researcher at Nectec, immersed in studying quantum technology. He said quantum computing could help with processing huge data volumes, something that the classical super computer cannot do quickly. He cited the design of drug formulas, weather forecasting and real traffic forecasting, as areas that would benefit.

Nectec’s related research is mainly concerned with quantum engineering, as it is fundamental for further quantum commercial applications. Currently, Nectec is also working on developing the prototype for quantum cryptography.

He said Nectec is in talks with IBM regarding the context and model of IBM support it needs. The computing giant offers several kinds of support in quantum computing technology, such as hub, partner, member, academic, and startup that allows access to different layers.

Through a partnership with the National Science and Technology Development Agency (NSTDA), Nectec along with IBM Thailand and Mitr Phol are working to transform sugarcane farming into precision farming in order to increase the yields of one of the country’s most economically important crops.

Under that collaboration, Nectec can access and utilise the IBM PAIRS Geoscope, which is a platform specifically designed for massive geospatial-temporal data (maps, satellite imagery, weather, drones, IoT) related to query and analytics services.

PAIRS enables users to tap this vast and valuable source of often underutilised information to complement and contextualise their data, enable or enhance their applications, and develop, test and refine their models.

Recently, Nectec also joined hands with Mahidol University to establish the Collaborative Research Unit on Quantum Information.

iflix gives starring role in growth bid to free content with ads

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http://www.nationmultimedia.com/detail/Startup_and_IT/30369204

  • Artima Suraphongchai

iflix gives starring role in growth bid to free content with ads

Tech May 11, 2019 15:14

By Asina Pornwasin
The Nation Weekend

iflix aims to grow strongly in Thailand after offering a so-called freemium model since late last year under an expansion plan.

Artima Suraphongchai, head of marketing for iflix Thailand, said that the company launched iflix 3.0 in the fourth quarter of 2018 in a bid to improve the business model of freemium with ads and iflix VIP.

The company’s price start with a flat rate of Bt100 a month and reach Bt1,000 a year.

In late 2018, iflix switched from subscription video on demand (SVOD) to the freemium service, to offer iflix streaming that allow users to watch some content for free with advertisements, including pre-roll and mid-roll ads.

Iflix now offers an AVOD model, for ad video on demand.

“This change is a result of feedback we got from users who mostly are familiar with free watching with ads, rather than paying for subscription even when it is only Bt100 per month,” said Artima.

It turned iflix from the subscription model to the freemium model. People who not willing to pay can still enjoy watching content on iflix. But free content is less than 30 per cent of its total content of 40,000 hours.

“It needs time educate users to pay for content with freemium model,” said Artima.

If they do not want to see ads, they just pay for the service with the iflix VIP service, priced at Bt100 a month or Bt1,000 a year.

The company has increased the amount of content, including live TV and live content across categories such as lifestyle, sport and music.

“We need encourage a lot more people to engage with iflix. In the past, iflix had only long-form content, especially two-hour movies and series. Last year, we increased snap content, with different length of content such as 1 minute, 2 minutes, 5 minutes, 10 minutes, and 15 minutes. Now we have a lot of short-form content,” said Artima.

Apart from variety of content lengths, she said, people need content immediately. So, it has increase the news and live content, such as for sports matches and for concerts or events as well. All such moves are aimed at increasing the users’ stickiness with iflix.

iflix serves more than 10 markets in Asia and 12 in the Middle East. For content strategy, Artima said, it does not yet offer original content production in Thailand. But it does so in Indonesia, the Philippines, and Malaysia, where the company has local partners to develop such content, including movie, series and documentaries.

Recently, iflix has been received investments, including from Yoshimoto Kogyo, Japan’s largest entertainment conglomerate.

This is Yoshimoto Kogyo’s first investment in overseas media, and it hopes that this will accelerate development for future projects in Asia.

The two companies also announced the formation of an exclusive joint venture in Singapore to showcase Yoshimoto Group’s most popular content across iflix’s territories in Asia, the Middle East and North Africa, and the corresponding distribution of iflix’s content in Japan.

The joint venture will also produce localised versions of proven content formats out of Japan, to significantly expand iflix’s original content offering.

The content to be provided to iflix will be popular Japanese programs that will be localised for Asian countries – including animation, drama, movies, variety, and comedy. In the future, it hopes to develop all-Japanese original content including programs and films for an Asian market. The joint venture underscores iflix’s growing focus on developing and creating what it calls highly engaging hyper-local programming aimed mostly at millennials and members of Generation Z. Most of these customers come from emerging and developing markets in Southeast Asia.

Moreover, JTBC, a South Korean media company, through its content distribution arm, JTBC Content Hub, has become a strategic investor in iflix.

Through this alliance, iflix will distribute JTBC’s premium content across Asia, setting the stage for further collaborations that may include co-productions in iflix

markets.

JTBC has built its reputation as the source of South Korea’s youth-centric content that embraces new formats. With its dramas, the company has made history for tackling complex and controversial themes, as well as setting viewership records in South Korea.

‘Right lifestyle at right price’ key to luxury condo sales: CBRE report

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Photo by EPA
Photo by EPA

‘Right lifestyle at right price’ key to luxury condo sales: CBRE report

Real Estate May 13, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

PROPERTY DEVELOPMENT firms are introducing unique selling points in their luxury condominium projects in order to attract buyers during the period of high competition in the market, property agency expert CBRE said in its latest research report on the property market this year.

The research found that many developers were launching condominium projects with asking prices of over Bt300,000 per square metre and the new norm seems to be Bt250,000 per square metre.

However, there will be winners and losers in the market, depending on product positioning and pricing.

With a log of options in this segment for buyers to choose from, CBRE is seeing slow sales in many projects. Unsold units in completed projects are being offered at discounted prices to clear the inventory.

“We believe that the winners in [the competition] to sell their luxury condominium projects will not be those projects with the best room layouts or design, but whose that can sell the right lifestyle at the right price,” according to the report.

According to CBRE’s fifth annual Global Living Report, Bangkok is ranked at 33rd out of 35 global survey of the world’s most expensive residential cities, with Hong Kong maintaining its position as the world’s most expensive.

The report profiles the property markets across those 35 key global cities. The results forefront investments in urban areas such as transport infrastructure, connectivity, retail, cultural centres and housing as the key drivers of economic growth.

Jennet Siebrits, head of residential research at CBRE UK, noted the latest report expanded from the previous 29 cities. They include some of the most exciting cities in the world, from emerging technology-driven powerhouses like Shenzhen and Bangkok through more traditional capital cities such as Rome and Lisbon, to rapidly evolving modern urban centres like Dubai and Johannesburg.

“The world’s greatest cities continue to transform to encourage innovation, increase their working and living populations and create new commercial opportunities for businesses,” she said.

The top three most expensive places to buy a residential property are once again in Asia. Hong Kong remains the city with the highest-value residential real estate, with an average property costing Bt39.52 million (US$1.235 million). Singapore remains in second place, averaging Bt27.97 million ($874,372) and Shanghai is third at Bt27.92 million ($872,555). As observed in last year’s report, all these cities have introduced cooling measures to keep prices under control.

Bangkok stands at the 33rd position with an average residential property price at Bt3.4 million ($106,383), followed by Ho Chi Min City at Bt3.29 million ($103,057) and Istanbul at the bottom at Bt3.11 million ($97,396).

The biggest year-on-year growth was experienced in double-digits by Barcelona (16.9 per cent), Dublin (11.6 per cent), Shanghai (11.2 per cent) and Madrid (10.2 per cent). London remains one of the top 10 performing global cities, with the average property price at Bt20.7 million ($646,973) although growth is low at 1.1 per cent.

“House prices increased year on year across 30 out of the 35 cities we looked at, although generally at lower rates than previously,” Siebrits said. “In general, CBRE is seeing house price growth slow across our cities as we move towards the end of a long property cycle. We would expect increasing interest rates to be affecting cities in the US, and various cooling measures affecting the Asia Pacific region, although Shanghai still saw robust growth.”

Global designers set new standard for premium condos

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  • Lorenzo Castillo’s interior design portfolio.
  • Gert Voorjans’s interior design portfolio.
  • Naoto Fukasawa’s interior design at Rhythm Sathorn, under development by AP (Thailand) Plc.

Global designers set new standard for premium condos

Real Estate May 13, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

COLLABORATING with global designers is one way for property developers to build a premium brand, attracting customers who want to go beyond mere function to find satisfaction in brands that reflect their lifestyles.

“We’re collaborating with five global designers for the interior design of our luxury residential collection to inspire our customers to decorate their residential units,” Sansiri Plc’s chief creative officer, Ou Bholyodhin, said in a recent interview with The Nation.

Sansiri Plc has introduced its luxury collection in four residential projects – 98 Wireless, Baan Sansiri Pattanakarn, the Monument Thong Lo, and Khun by Yoo inspired by Starck.

The five global designers who contributed their interior designs to the projects are:

Gert Voorjans, a multi-talented Belgian decorator famous for his distinctive eclectic style, as seen in the window display for high-end fashion label Dries Van Noten’s flagship store, who is responsible for a special unit in Monument Thong Lo;

Lorenzo Castillo, a Spanish designer who achieves a balance between the classic style and contemporary style through his daring designs, and also has worked for Spanish luxury fashion label Loewe on its window decoration for stores in Spain, Shanghai and Hong Kong. Castillo will decorate special units and the penthouse at the Monument Thong Lo.

Hutton Wilkinson, an American interior designer who also boasts a flair for home decoration and jewellery design, who will decorate special units and the penthouse at Monument Thong Lo;

Mary Fox Linton, a famous British designer, who stands out for her modern contemporary style and yet keeps British beauty close to her heart, who will decorate the show unit of Baan Sansiri Pattanakarn; and Phillippe Starck, the famous French designer and product designer who became a household name with his interior, industrial, architectural and product designs, and has also worked with YOO Design Studio to design the KHUN by YOO inspired by Starck. It was the first and only residential project Starck had ever collaborated on in Thailand, and will be ready to welcome its residents by the last quarter of this year.

“We believe that the luxury residential projects must move from a focus on function, which is now the normal standard for all of residential projects to achieve and be concerned about, and instead present a fashion statement that reflects their owners, just like other fashion-brand products in the market,” Sansiri Plc president Srettha Thavisin told The Nation.

“The value of a luxury residence is not only focused on its location and facilities, but also on the value of the brand itself and the unique design,” he said.

“This is the meaning of Sansiri.”

The developer now has a luxury collection in its portfolio worth Bt22 billion in total, as the company has stepped up as a global luxury brand and reinstated its leadership in the Thai real estate market. The company has targeted total sales of the Sansiri Luxury Collection portfolio reaching Bt4.5 billion by 2019 end.

Ou added that the company leverages its deep and thorough understanding of the behaviour and lifestyle needs of its customers in the luxury segment. They are increasingly opting for a worthy investment of their passion in property whose value endlessly increases through time as the brand differentiation is developed and sets the buildings apart from the competition.

“Our core marketing approach is emotional story-selling. Similar to the way global luxury fashion brands create riveting stories on exceptional material selection, the process of their creation and historical heritage, we focus on creating emotional connections to customers, as well as a unique experience from the moment a customer enters our sales gallery. We also emphasise the taste and preference of each individual customer in order to customise the sales approach and create an impressive experience,” he said.

Meanwhile, other property developers are also moving to use global architects and designers to design their residential projects.

For example, AP (Thailand) Plc, in 2015, opened its condominium units with interiors created by globally renowned Japanese designer Naoto Fukasawa, who has designed products for B&B Italia, Maruni and Issey Miyake. AP’s approach was intended to inspire its customers to design their residential unit under the fashion designer’s theme.

Ananda Development Plc also has selected both local and global architects as its advisers while designing its condominium projects. For example, the Thai architectural firm A49 designed the Ashton Chula-Silom. The company also joined with the internationally renowned Bangkok-based firm, commonly known as dwp, to design its condominium projects.

When people buy a condominium worth more than Bt10 million, they need a design to match the location and see that is also socially the right fit for them, Ananda Development Plc’s CEO, Chanond Ruangkritya, said.

“Location is still at the heart of building condominiums and other residences, but design and function are what inspires people to speed up their buying decision,” he said.

According to Knight Frank’s “The Wealth Report”, due to the rarity and limited number of luxury and super-luxury real estate projects, the ultra-high-net-worth individuals around the world are planning to invest more in luxury real estate. Total investment value in private real estate reached US$289,000 million in 2018.

In Thailand, Plus Property has revealed that the value of the luxury real estate market has seen an average growth of 7 per cent annually during 2012-2018. The luxury condominium segment alone had an average response rate of 70 per cent in that period. Up to 31 per cent of all luxury projects in the market were sold out within one year, while only 20 per cent of 417 real estate projects across all segments available in the market were sold out in less than one year.

Luxury real estate has also generated a high average yield of 7-10 per cent, while in projects located in the highly sought-after inner Sukhumvit and Thong Lor areas the yield can be as high as 9.5 per cent.

Suburbia again popular with homebuyers, survey shows

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Suburbia again popular with homebuyers, survey shows

Real Estate May 10, 2019 16:48

By The Nation

Suburban residences have made a comeback as the properties of choice for consumers, a recent survey by Plus Property real estate shows.

In a press release on Friday the company said the demand for the low-density yellow zone has grown by some 10 per cent and demand for the medium-density orange zone has grown by 5 per cent.

In contrast, demand for properties in the brown and red zones has dropped.

The Minburi-Bang Kapi, Sai Mai-Saphan Mai and Bang Yai-Nonthaburi areas were found to have been the most popular among suburban residence seekers.

The company also pointed to properties emphasising well-being gaining traction, with investments into this type of properties having reached Bt21 billion.

Suwannee Mahanarongchai, deputy managing director, Business Strategies and Asset Management, Plus Property Co Ltd, said findings from the company’s research and development division point to continued expansion of the residential properties market in the suburbs.

The expansion is attributed to the rapid development of transportation systems lending itself to resurgence in the popularity of owning suburban residence.

Furthermore, many suburban locales possess a complete array of amenities that answer to the needs of modern buyers; said buyers are looking for a good quality of life, and living in the suburbs allows them to live in an area with less density than at downtown locations.

Upon scrutiny of people’s choices of residence with regard to the type of land zoning, it was found that the average rate of growth of demand for suburban residences outperformed the same rate for inner city residences. 2016-2018 data reveals that demand for the yellow zone (low-density residential zone) expanded by roughly 10 per cent – the greatest demand expansion amongst all the zones. Demand expansion for the orange zone (medium-density residential zone) was the second-highest amongst the zones, growing by 5 per cent.

Demand for the brown zone (high-density residential zone) decreased by 4.5 per cent, and demand for the red zone (commercial zone) declined by 4.1 per cent. The area that received the highest popularity within Greater Bangkok’s yellow zone was the Minburi-Bang Kapi area. This is especially true for the Krungthep Kreetha, Sai Mai-Saphan Mai and Bang Yai-Nonthaburi locales.

KTC releases figures for first quarter 2019

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http://www.nationmultimedia.com/detail/Corporate/30369275

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KTC releases figures for first quarter 2019

Breaking News May 13, 2019 11:03

By The Nation

KTC has announced a net profit of Bt1.58 billion in the first quarter of this year, up 31 per cent from the same period last year.

In its report on Monday, the company noted that overall business was as expected. The firm continues to move forward by constantly adjusting its marketing plan to handle evolving competition in order to achieve its credit card spending goal. It has developed its entire online system to cater to members’ needs and increased chances for new business practices to encourage constant growth and a sustainable society, the company’s president and chief executive officer Rathian Srimongkol said.

“In the first quarter of this year, we achieved a satisfactory expansion in our card membership base and maintained debt at the same level as last year. The firm earned more from interest and fees and is always making adjustments to its business process. This did not result in a large increase of operation expenses. Overall, receivables are of good quality and allowance and loan loss provisions have decreased,” he said.

As of March 31, the firm had a total asset value of Bt 76.174 billion, a 9-per-cent increase compared to the same period in 2018. The asset that generated the most income for the firm is in the form of net trade receivables, which comprise 92 per cent of total assets. Port of ending net account receivables with allowance for doubtful accounts totalled Bt75.209 billion, a 7 per cent increase from the same period last year. Total member accounts numbered 3.3 million or an 8.2-per-cent increase, comprising 2,348,990 credit cards, a 6.4-per-cent surge. Total credit card receivables totalled Bt48.413 billion. The ratio of credit card debtors compared to the current industry value was 12.5 per cent, having grown from the end of last year when it stood at 12.2 percent. KTC credit card spending totalled Bt49.091 billion, a 10.4 percent growth (8.6 per cent in the industry). Credit card spending market share was 11.2 per cent, the same level as at the end of 2018. NPL for credit cards was valued at 1.04 per cent, a drop from 1.14 per cent (2.02 per cent in the industry).

J Fintech makes major move into digital lending platform

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http://www.nationmultimedia.com/detail/Corporate/30369249

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J Fintech makes major move into digital lending platform

Corporate May 13, 2019 01:00

By JIRAPAN BOONNOON
THE NATION

J Fintech has teamed up with Humanica, Deepsparks and J Ventures to offer personal loans via a digital platform, chief executive officer Kitipat Chollavuth said, adding the company expects to offer Bt180 million to 15,000 borrowers by the end of this year.

Under the collaboration, Humanica will propose the new service to businesses and organisations while Deepsparks manages artificial intelligence and optical character recognition (OCR) technologies of the system to facilitate the input and evaluation of customers’ personal data.

J Ventires will handle software development and fintech application with an end-to-end solution.

Customers will be able to access the loan application process through a mobile app “Temjaipay”.

The app allows customers to input their personal information into the system, which will be evaluated using artificial intelligence (AI) technology.

The AI technology could help the company decide on a loan application in five minutes.

The service focuses on office workers, modern trade operators and employees of small and medium enterprise (SMEs).

“The digital lending platform is an alternative for those who prefer to make a loan application from their offices. Customers will pay an annual interest rate of 15 per cent on the loans,” said Kitipat.

Soontorn Dentham, chief executive officer at Humanica, a human resource service provider offering solutions to business and organisations, said the firm has 200,000 employees at more than 500 organisations on its client list.

The digital loan service not only allows an employee to receive a loan via the company he/she works for, it will also facilitate the deduction of monthly debt re-payment from their pays, he said.

The new service will be launched in June.

Grab launches new hotel booking service

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30369203

Grab launches new hotel booking service

Corporate May 11, 2019 14:41

By The Nation

Grab, a leading app in Southeast Asia, on Friday announced the launch of its ‘Hotels’ booking service.

In a press release, the company said customers can book hotels and other accommodation from Agoda and soon, Booking.com directly from the Grab app, and enjoy special hotel offers when they book through Grab.

The company said its customers can access and easily compare prices across millions of places to stay, ranging from a wide choice of luxury and budget hotels to apartments, vacation homes, and family-run B&Bs.

“Travellers are an increasingly important audience for Grab. With more Southeast Asians travelling than ever before, the launch of ‘Hotels’ highlights our commitment to provide the most relevant services to our customers as Southeast Asia’s leading everyday super app.

“Our ‘Hotels’ service adds to the multiple benefits we already offer travellers, including the most comprehensive miles and travel loyalty programme for any O2O platform, discounts at lounges and F&B outlets at major airports in Southeast Asia, and exclusive Grab transport pick-up points at airports in Indonesia and the Philippines,” said Jerald Singh, Group Head of Product and Design, Grab.

More features and benefits will be added to the ‘Hotels’ service throughout the year. Grab customers will get free travel personal accident and flight delay insurance with each hotel booking, as well as special ride offers.

In addition, customers will be able to pay with GrabPay, Grab’s cashless payment mode, and earn GrabReward points with each booking, which can be redeemed for more deals and discounts around other travel services, F&B, retail, entertainment and more.

Singh added: “Grab’s ‘Hotels’ service is ideal for young professionals who travel frequently for holidays, or families looking for the best deals.

“Our partnerships with Agoda and Booking.com allow our customers to easily find the right accommodation – anywhere in the world – for their holiday, and within their preferred budget too! With the special Grab discounts and free insurance, we’re confident travellers can find the most value-for-money deals when booking hotels with Grab.”