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https://www.nationthailand.com/business/40018268

Strengthening Honda’s SUV line-up and reflecting a new combination of design, comfort, and superior driving performance comes with Honda SENSING in all variants. Ready for official launch and on display at Big Motor Sale 2022 in August

Honda Automobile (Thailand) Co., Ltd. is strengthening its SUV lineup by launching the “all-new Honda BR-V” 2nd generation, a 7-seat multi-utility SUV that is ready to serve various needs with its premium sporty design that combines solidity and versatility in the perfect style of a SUV in every dimension.

It offers more superior and more powerful performance compared to others in its class with a 1.5-litre DOHC i-VTEC engine that produces maximum power of 121 PS along with a continuously variable transmission (CVT).

It takes the sense of travelling to the next level with enhanced driving performance in all aspects including driving stability, the suspension system, and handling system.

Honda SENSING intelligent safety technology ensures confidence in every journey for every variant.

The cabin is spacious and comfortable. It comes with foldable second- and third-row passenger seats.

The all-new Honda BR-V is equipped with technologies for comfort and advanced safety technologies* including a 4.2-inch TFT Multi-Information Display, 7-inch Advanced Touch Display Audio with Apple CarPlay and Android Auto that supports smartphone connectivity, Siri and Android Auto voice control, Remote Engine Start, Honda LaneWatch, and Walk Away Auto Lock.

The estimated price for the E variant will not be over 930,000 baht and the EL variant will not be over 980,000 baht.

Customers can register for a reservation through sales consultants at Honda showrooms nationwide from 27 July until 18 August 2022 to receive a free folding camping table set worth 4,200 baht.

The all-new Honda BR-V prices will be officially announced and it is available for sale on 19 August 2022.

The car will be on display for the first time at the Big Motor Sale 2022 from 19 to 28 August 2022 as well as at Honda showrooms nationwide.

The all-new Honda BR-V will become an alternative SUV and will be ready for delivery to customers from 19 August 2022 onwards.

Noriyuki Takakura, President and CEO of Honda Automobile (Thailand) Co., Ltd., said, “The Honda BR-V was introduced to the Thai market for the first time in 2015 to fulfil Honda’s SUV lineup to cover market needs and more effectively serve diverse customer lifestyles. This time, the all-new Honda BR-V is well-suited to offer new value to customers by becoming a 7-seat multi-utility vehicle that combines the distinctive strength of a sporty yet tough SUV design with the agile versatility of a MPV (multi-purpose vehicle), together with confidence in driving performance. In addition, all variants are equipped with Honda SENSING intelligent safety technology. The cabin is more spacious and comes with technology for comfort. The all-new Honda BR-V is expected to stimulate the SUV market and be the vehicle that is ready to deliver a new travel experience and create happy moments in every journey for everyone.”

A 7-seat multi-utility SUV that is well-suited to deliver an unrivalled travel experience for everyone on every journey, the all-new Honda BR-V delivers value while meeting a variety of needs including:

Exterior Design
•    Newly designed Piano Black front grille with a more distinctive look for the EL variant
•    Newly designed front and rear bumpers painted silver (EL variant)
•    LED Headlights, LED Daytime Running Lights, and LED Taillights
•    LED Front Fog Lights (EL variant)
•    Electric Adjustable and Auto Foldable Side Door Mirrors (EL variant)
•    Side Sill Garnish painted silver (EL variant)
•    Sporty Roof Garnish
•    Shark Fin Antenna
•    New 17-inch alloy wheels (EL variant) and 16-inch alloy wheels (E variant).

The Cabin Interior
•    The spacious and airy cabin offers comfort in every seat and is ready to provide everyone with an unprecedented experience and aesthetics in every journey.
•    Distinctive newly designed Piano Black front console that takes a sense of superiority to another level. The leather seats come with genuine and synthetic leather materials in all variants. An ample storage compartment plus 8 cup holders ensure convenience for everyone.
•    Automatic Air Conditioning System and Rear Air Vent, Front and Rear Seat Armrests
•    Remote Engine Start 
•    Meeting the needs of every lifestyle, the cargo space is larger than the previous generation, and the second-and third-row seats can be folded to increase the multi-purpose space.

More leg room for the second-row seats with One Motion Tumble, 60:40 Foldable and Sliding Function seats with 3-Level Reclinable Backrests.

The third-row 50:50 Foldable seats offer generous legroom and 2-Level Reclinable Backrests.

•    Powered by a 1.5-litre DOHC i-VTEC 4-cylinder, 16-valve petrol engine plus a Continuously Variable Transmission (CVT), delivering a maximum of 121 PS at 6,600 rpm and instant and sharpened response with maximum torque of 145 Newton-meters at 4,300 rpm.
•    Responsive and powerful yet agile driving with fuel efficiency of up to 16.1 km/litre and E20 fuel compatibility. 

•    4.2-inch TFT Multi-Information Display
•    Paddle Shift (EL variant)
•    7-inch Advanced Touch Display Audio with Apple CarPlay and Android Auto that supports smartphone connectivity plus Siri and Android Auto voice control.
•    Multi-Function Steering Wheel with audio system controls and hands-free telephone switch.
•    Two USB Ports
•    Two Accessory Power Sockets (E variant) and Three Accessory Power Sockets (EL variant) 
•    Four Speakers (E variant) and Six Speakers (EL variant)

All variants of the all-new Honda BR-V come with Honda SENSING intelligent safety technology, which uses a front wide-view camera to help detect cars and pedestrians effectively. Its main functions are:
•    Collision Mitigation Braking System (CMBS) 
•    Lane Keeping Assist System (LKAS)
•    Road Departure Mitigation System with Lane Departure Warning (RDM with LDW)
•    Auto High-Beam (AHB)
•    Adaptive Cruise Control (ACC)
•    Lead Car Departure Notification System (LCDN) 

Additionally, it also comes with other safety technologies* such as: 
•    Honda LaneWatch 
•    Walk Away Auto Lock
•    Auto Door Lock by Speed
•    Rear Seat Reminder
•    Rear Camera
•    Six Airbags (EL Variant)
•    Emergency Stop Signal (ESS)
•    Hill Start Assist (HSA)
•    Vehicle Stability Assist (VSA)
•    Anti-lock Braking System and Electronic Brake Distribution (ABS & EBD)
•    G-force Control (G-CON) and Advanced Compatibility Engineering (ACE™) Body Structure that can protect the cabin from collision forces. 
•    ISOFIX & Child Anchor.

The all-new Honda BR-V is available in two variants:
•    EL variant, with an estimated price of not more than 980,000 baht***
•    E variant with an estimated price of not more than 930,000 baht***

It is available in three exterior colours: Premium Sunlight White (Pearl) (exclusively for the EL variant), Crystal Black (Pearl) and Taffeta White (exclusively for the E variant). 

The interior of the EL variant is black and the E variant is a two-tone black/mocha grey colour.

Exclusively for customers who register for a reservation of the all-new Honda BR-V between 27 July 2022 at 10:00 hrs. onwards until 18 August 2022 at 22:00 hrs.** – they will receive free camping set worth 4,200 baht**. This right is granted when booking and receiving the car within the period specified by the company**. Customers can also register for a reservation through Honda sales consultants or at any Honda showroom nationwide. The all-new Honda BR-V will be available for delivery to customers from 19 August 2022 onwards. **

Get ready for the official price announcement and the launch of the all-new Honda BR-V on 19 August 2022 and experience it for the first time at the Big Motor Sale 2022 from 19 to 28 August 2022. 

Published : July 28, 2022

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https://www.nationthailand.com/business/40018260

Zipmex (Thailand) announced on Wednesday that it had signed a second memorandum of understanding (MoU) with another group of possible buyers of its stakes.

The latest MoU was signed on the heels of the first one being inked on July 24 with a group of investors.

Zipmex did not provide details of the two groups of possible buyers.

“Today, the company signed another MoU to speed up efforts to inject funds into the company,” Zipmex Thailand announced on Wednesday.

The firm said it had received initial funding from a “big investor, who has potential and who is interested in investing with Zpmex”.

“The company will go ahead and try to reach a deal with this investor and the company hopes it will be able to obtain funds to solve problems as soon as possible,” the statement said.

The problems referred to in the statement were apparently digital assets losses by Zipmex’s clients, who deposited their crypto coins into ZipUp+.

ZipUp+ is an interest-bearing account that offers an attractive yield as high as 10 per cent when investors deposit their digital assets such as bitcoin (BTC), ethereum (ETH), USD coin (USDC) and tether (USDT).

On July 20, Zipmex Thailand paused trading for two hours to remove ZipUp+ from its platform, claiming that ZipUp+ was not its product but belongs to key partner Zipmex Global in Singapore.

Zipmex Global had deposited ZipUp+ coins into two crypto lenders, Babel Finance and Celsius, which were unable to return the deposited assets because of their losses.

Zipmex Thailand said the exposure amount was US$48 million (approximately 1.7 billion baht) to Babel Finance and $5 million to Celsius.

Since July 20, Zipmex Thailand has been talking about buyouts in the hope of gaining more funds so that it could return the lost assets to its clients.

The latest statement on Wednesday added that trading of all crypto coins is resuming on the Zipmex Thailand platform on Thursday. Earlier, trading of some coins was disabled for “system stability” reasons.

Published : July 28, 2022

By : THE NATION

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https://www.nationthailand.com/business/40018259

This is the 13th year the firm has taken on this prestigious role to enrich conversations at one of the world’s leading international forums.

PwC is a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services.

The annual gathering of 21 Asia-Pacific Economic Cooperation (Apec) economies will take place in Bangkok from 16-18 November under the theme ‘Embrace. Engage. Enable’. The event will include meetings and business-related panels at all levels for leaders of Apec member economies.

Apec is a business forum established in 1989 for member economies within the Asia-Pacific region . Its purpose is to achieve the free flow of trade and accelerate economic integration, creating greater prosperity for the people of the region with balanced, inclusive, sustainable, innovative and secure growth.

Apec’s 21 members have a combined population of 2.9 billion, accounting for more than one third of the world’s people. The group’s members have a total GDP of USD53tn (about THB1,700tn), representing more than half of the world’s GDP and trade.

The Apec CEO Summit is the highlight of the Apec Economic Leaders’ Week in November. It offers an opportunity for leaders of member economies to discuss trade and other pressing regional issues with policymakers, CEOs of leading companies and prominent thought leaders.

Chanchai Chaiprasit, CEO of PwC Thailand said, “We’re pleased and honoured to be the Knowledge Partner for the Apec CEO Summit once again. This business forum is a gathering of public sector leaders and delegates from leading companies across the region.

“As Knowledge Partner, we’ll provide insights to spark discussion among business leaders about some of the major issues our region is facing today. These include the post-Covid-19 economic recovery and a close look at how Apec member states are adapting to overcome new challenges in order to build trust among stakeholders and grow sustainably, he said.

“We’re ready to be part of Apec 2022 and to join our country in welcoming leaders and delegates from member economies all across the region who will honour us with their presence at this important event,” he said.

Published : July 28, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40018256

EXIM Thailand has announced the appointment of Ratchanis Chareon as First Vice President of Treasury Department, taking effect from July 16, 2022. 

Export-Import Bank of Thailand (EXIM Thailand) has appointed Ratchanis Chareon as First Vice President of Treasury Department, to be in charge of overseeing the Bank’s management of financial liquidity, foreign exchange risk, foreign currency balance, funding and derivatives transactions, as well as ensuring and building relationship with both onshore and offshore financial institutions, effective from July 16, 2022 onward.

Ratchanis holds a Master of Science (English Program) in Banking and Finance from Chulalongkorn University and Bachelor of Economics (English Program) from Thammasat University. She joined EXIM Thailand in 1995 and was appointed as Assistant Vice President of Treasury Department in 2006 and Vice President of Treasury Department in 2012. 

Published : July 28, 2022

By : THE NATION

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https://www.nationthailand.com/business/40018222

Bangkok Mass Transit System (BTSC), the operator of Skytrain, on Wednesday opted out of the new bidding for a 30-kilometre section of the Orange Line railway project, alleging that the bidding terms were designed to help a particular bidder.

BTSC chief executive Surapong Laoha-Unya said the operator decided not to participate in the bidding after it studied the new request for proposal (RFP) and found that its conditions were different from the first bidding.

Surapong said he suspected that the new RFP was aimed at benefiting a particular bidder.

He added that the BTSC has filed a lawsuit with the Central Administrative Court against the new RFP terms and it has also filed a complaint with the Department of Special Investigation, calling for an investigation into the new RFP.

Surapong alleged that the new RFP was aimed at preventing BTSC from winning the bid while allegedly helping a particular consortium to win the project.

He alleged that such a practice would violate the BE 2542 (1999) Act against bidding collusion.

At 10.25am, Prakin Arunotong, vice president of Italian-Thai Development (ITD), represented a consortium of ITD and Incheon Transit Corporation from South Korea to submit an envelope.

Building the 35.9-kilometre section from Bang Khunnon in the west to Minburi in the east is estimated to require a budget of 145 billion baht. But it has been bogged down by legal disputes since the Mass Rapid Transit Authority of Thailand (MRTA) started selling the bidding envelopes from July 10 to 24, 2020.

On August 21, 2020, the MRTA changed the bid criteria. The initial bidding terms considered those who promised the highest financial return. The amended version would take into account two factors — the technical aspects of the project and the financial returns.

On September 17, the BTSC filed a lawsuit with the Administrative Court, alleging that the change in bidding criteria was unlawful.

On February 3, 2021, the MRTA cancelled the first bid, prompting the BTSC to file another lawsuit with the Administrative Court against the decision.

On February 9, the Central Administrative Court ruled that the changing of bid criteria was unlawful.

On July 7, the Administrative Court ruled that the cancellation of the first bid was also unlawful.

However, the two court rulings did not touch the on-going new bids being invited by the MRTA. Observers believe that the new bid also would later be nullified by the court.

Published : July 27, 2022

By : THE NATION

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https://www.nationthailand.com/business/40018217

Porsche has sustained strong delivery figures in the first half of 2022, despite a number of challenges. Overall, the sports car manufacturer delivered 145,860 vehicles to customers around the world between January and June, a decline of 5 per cent over the previous year. 

“We and our dealers have successfully navigated a first half-year shaped by external factors and uncertainties,” says Detlev von Platen, Board Member for Sales and Marketing at Porsche AG. 

“In addition to the difficulties posed by the resurgence of the COVID pandemic in China and other markets, ongoing supply-chain and logistics-related challenges have accompanied us. At the same time, the desirability of our brand and the popularity of our products remain strong. We expect the second half-year to be dynamic. As in previous years, we are optimistic about the future and determined to go full steam ahead with the remaining months of the year,”  adds von Platen.

Growth in Germany and Europe 

The worldwide market situations of the first half-year were varied and the delivery figures for the different regions and markets are therefore heterogeneous. 

In Europe, the number of vehicle deliveries rose to 43,087. That’s a year-on-year increase of 7 per cent over what was already a strong period. The same applies to the home market of Germany. 13,785 deliveries in the first six months of 2022 represent a 5 per cent gain year on year. 

In China, Porsche was able to deliver 40,681 vehicles to customers in spite of months-long lockdowns in some cities. The decline in deliveries over the first half-year amounted to a 16 per cent drop compared to the previous year. In view of the overall decline in the premium/luxury segment in China (down 23 per cent from January until May), the sports car manufacturer posted an impressive result in its largest single market still.

Overall, 62,245 vehicles were delivered to Porsche customers in the Asia-Pacific region, Africa and the Middle East. The Porsche Asia Pacific¹ region registered a steady 10 per cent increase in deliveries in the first half-year. 

In the US, Porsche delivered 32,529 vehicles to customers despite being confronted with delivery and transit difficulties. This figure comes against the backdrop of the strongest-ever half-year in the same period last year. 

Cayenne remains the most popular Porsche 

Demand remains particularly high for SUV models. A total of 41,947 customers took delivery of a Cayenne. 

In second place was the Macan, with 38,039 deliveries. The sports car icon, the 911, was delivered to 21,616 customers worldwide. 

The Taycan was handed to 18,877 customers – despite production limitations due to supply-chain bottlenecks, which particularly impacted the all-electric Porsche. 

The Panamera was delivered 15,604 times, while 9,777 examples of the 718 Boxster and 718 Cayman models went out to customers. 

“We are heading into the third quarter full of energy and optimism and, in addition to deliveries, we continue to focus on unique brand experiences for our customers,” adds von Platen. 

Published : July 27, 2022

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https://www.nationthailand.com/business/40018211

Bangkok (July 27, 2022) – Krungsri (Bank of Ayudhya PCL and its business units) and Grab Thailand jointly reveal the success of their strategic alliance which aligns with the strategy of enhancing the ecosystem and partnership. With the collaboration of Krungsri and Grab, they have provided more than hundreds of thousands of Thai people with the opportunity for financial inclusion.

In their latest collaboration, they officially launch ‘Grab First Personal Loan’, a new financial product catering to the financial needs of Grab users which is easy to apply via mobile app, quick to approve, and offer instant cash with a maximum credit line of 100,000 Baht. 

Krungsri and Grab have exclusively formed a long-term strategic alliance since 2020 and have continuously synergized in the development of financial products and services as well as launching a series of promotional campaigns to fulfill the financial needs of all related parties across Grab’s ecosystem. 

Mr. Phonganant Thanattrai, Krungsri Head of Retail and Consumer Banking, said “The collaboration between Krungsri and Grab has been very successful in various dimensions including the creation of opportunity for greater financial inclusion and proper technology adoption on financial product development.  The lending products under the partnership between Krungsri and Grab has generated over 3 billion Baht of total loans, enabling access to financial products for more than 100,000 merchants and driver partners.  The success leads to the extension of collaboration in designing new financial products that better meet the financial needs of Grab users.  This time, we leverage the expertise in digital financial products of Krungsri Consumer to develop ‘Grab First Personal Loan’ to cater specifically to Grab users.”

Ms. Nayanee Peaugkham, Chairwoman, Krungsri Consumer, said “Krungsri Consumer as a leader in credit card and personal loan business is pleased to join forces with Grab in launching ‘Grab First Personal Loan’, a cash loan offered by Krungsri First Choice which is outstanding for being easy to apply via digital channels. Any Grab users who are invited to apply for the loan via Grab app can submit the application through UCHOOSE app. The loan is available with a maximum credit line of 100,000 Baht and a maximum instalment payment period of 12 months. Applicants will get the approval within 30 minutes and receive loan transfer without being charged with the 3% cash advance fee within one day after approval. Moreover, customers can check their loan balance, payment amount and payment due date by themselves through UCHOOSE app around the clock free of charge. This collaboration offers an important opportunity for Krungsri Consumer to expand the financial services and loan extension to cover a wider range of customer segments and to further grow our business. We have targeted 300 million Baht of loans within one year after launching the service.” 

Mr. Worachat Luxkanalode, Executive Director of Grab Thailand and Country Head of Grab Financial Group (Thailand) said “Promotion of financial Inclusion among Thai people is one of the key business objectives of Grab Financial Group in accordance with the mission of GrabForGood. Over the past three years, Grab has teamed up with Krungsri to move forward with product development and offer a comprehensive range of products to cater the needs of low-income earners who are underbanked such as personal loan and instant cash loan for GrabFood merchant partners and personal loan for driver partners. These partners are in need of revolving funds for managing their business liquidity and day-to-day expenses. Significant increase in loan growth has been witnessed over the years. For this year, in the quest for greater financial inclusion and the extension of our loan portfolio to cover Grab users who are likely to encounter various economic challenges currently, we collaborate to introduce ‘Grab First Personal Loan’ which is developed by synergizing the expertise in data analytics of Grab and the lending experience of Krungsri to serve the financial needs of a broader range of Grab users. 

Mr. Vee Charununsiri, Head of Lending Department at Grab Financial Group Thailand, added “Grab First Personal Loan is designed and developed by leveraging new technology, the alternative data derived from the transactions of users on the platform, and machine learning algorithms used for financial behavior analysis, in order to establish a more accurate loan underwriting and approval process and better satisfy user preferences. The loan offers up to 100,000 Baht credit limit at an interest rate of not exceeding 25% p.a. and a maximum instalment payment period of 12 months. Grab users can apply for ‘Grab First Personal Loan’ on Grab app under the menu of ‘Payment’ through which the system will link to UCHOOSE app for the loan applicants to specify the borrowing amount and the instalment payment plan as desired.”

Users of Grab services who are offered to apply for ‘Grab First Personal Loan’ can click the ‘Payment’ menu on Grab App under the category of ‘Financial Services’ and go through the entire loan application process via UCHOOSE app, including identity authentication, sending of supporting documents such as copy of Citizen ID Card, payslip, etc., as well as checking of the approval status within 30 minutes. Money will be transferred to the borrowers within one day after the loan is approved. (Terms and conditions will be as specified.) 
 
For further information please visit https://bit.ly/GrabFirst 
 

Published : July 27, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40018210

Investree sees continual growth in crowdfunding and expects to reach one billion THB target in crowdfunding note issuance at yearend. To support and continue this growth, Investree is in the process of raising Serie A funding round to strengthen its platform as an alternative source of fund for Thai SME as well as to be an investment option for investors during this erratic bear market.

“The number of SMEs we helped to raise fund via crowdfunding note issuance grew 28 times between June 2022 and June 2021.  We have raised approximately THB 500 million for SMEs since we received the Crowdfunding License from the SEC., while our monthly issuance grew 10 times YoY quarterly.  We are currently on-track to achieve our issuance target for this year” said Natsuda Bhukkanasut, Investree Thailand CEO and Co-Founder.

“We see better than expected result from the investor growth, which further confirmed their trust and confidence in our platform as well as investment return, which currently yields 11.5% per annum.

“As 1H2022 market share, Investree’s contribution stood at 20% of the total THB 1.5 billion crowdfunding note volume and 40% of the total SMEs who use crowdfunding platform to raise fund.

Despite the market share, our strategy, which focuses on SME market penetration, tells us that we still have a long way ahead of us.  According to its research published in 2017, the International Finance Corporation estimated that Thailand’s SME financial gap stood at THB 1.5 trillion.  The current crowdfunding volume is relatively insignificant when compared to the estimated gap and tells us that there is more that we can do.  Let us not forget that SMEs contributed to more than 70% of Thailand total workforce (as of 2021) and approximately 35% of Thailand’s GDP (as of May 2022).”

Worakorn Sirijinda, Investree Thailand’s COO and Co-Founder added “Our continual growth and potential addressable market reassures us that there are still many SMEs that are waiting to be supported.  Our Serie A fundraising effort will enable us to improve our platform, making it a “Go-To Platform” for SMEs that need funding and Investors who seek investments that give financial as well as social impact return.  We also have plans to expand our service area, for better SME coverage, and grow our ecosystem to ensure future sustainability.”

Natsuda concluded that “Investree wants to grow organically and exponentially, which is why we want our platform and ecosystem too operate efficiently and sustainably. Think of crowdfunding, think of investree.co.th.”
 

Published : July 27, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40018209

Vault Mark Co Ltd, a digital agency providing one-stop online marketing services, recently signed a memorandum of understanding (MoU) with the Redemptorist Foundation for People with Disabilities to promote career opportunities for members of the foundation.

Kwanmanat Thammasatta, managing director of Vault Mark, said that under this MoU, people with disabilities from the Redemptorist Foundation will be invited to work with the company as customer service officers via an online channel. 

“Candidates who can use computer and telephone fluently can work for Vault Mark from anywhere via video conferencing system, providing services to our customers and business partners, such as Cisco, Schneider, Bosch and Fujitsu,” she said. “The company will coordinate with the foundation to report work performance, address problems, as well as provide necessary training to people with disabilities who wish to work with us.”

Kwanmanat added that the objective of the project is to ensure that people with disabilities receive equal career opportunities as normal persons as well as to help them overcome their obstacles with the use of modern technology.

Founded in 1984 by Father Reymond Brennen, the Redemptorist Foundation for People with Disabilities has helped promote career training and opportunities for over 10,000 people with disabilities.

Published : July 27, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40018200

The Administrative Court has revoked an arbitrators’ verdict ordering Advanced Info Services (AIS) to pay additional benefits to National Telecom (NT) under an agreement attached to the mobile service contract.

According to an AIS letter to the Stock Exchange of Thailand on Tuesday, the move came after NT filed a case with the Thailand Arbitration Centre in 2015, demanding that AIS pay 62.77 billion baht in additional benefits for deduction in prepaid mobile service revenue and roaming.

NT also claimed the agreement was not binding between contract parties, causing the telecom to gain lower benefits than those specified in the contract.

On January 29, 2020, the arbitrators ruled that AIS should pay 31.07 billion baht and interest from additional benefits. A peeved AIS approached the Administrative Court on April 22, 2020, asking it to revoke the arbitrators’ ruling.

“On July 26, 2022, the Administrative Court revoked the arbitrators’ ruling, stating the agreement attached to the mobile service contract is still binding between the contract parties,” AIS noted.

NT can file an appeal with the Administrative Court within 30 days, AIS added.

Published : July 27, 2022

By : THE NATION