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https://www.nationthailand.com/pr-news/business/40012210

The Bai Po Business Awards by Sasin were considered and judged by a panel of experts from various fields.

Seven SMEs were honoured at the 17th Bai Po Business Awards organised by Siam Commercial Bank and Chulalongkorn University’s Sasin School of Management.
This awards aims to honour entrepreneurs demonstrating strong potential and daring to make remarkable difference critical for doing business.
The award ceremony was presided over by Siam Commercial Bank chairman of the executive committee Arthid Nanthawithaya, who presented the awards along with Sasin School of Management Deputy Director Assoc Prof Chaipong Pongpanich, and Market for Alternative Investment (MAI) president Praphan Charoenprawat as representatives of the judging committee to congratulate award recipients.

SMEs honoured by Bai Po Business Awards by Sasin this year include:

▪️E-Empowerment Co Ltd, a one-stop online warehousing service provider under the name of MyCloudFulfillment that comes with an order management system and Application Programming Interface to automatically connect with omni-sales channels.

▪️Thai Innofood Co Ltd, a manufacturer and distributor of fermented pork sausages or Nham under the Don Muang Nham Km 26 and Sutthiluck Nham brands, known as the first in Thailand to adopt innovative irradiation food technology to produce fermented pork sausages.

▪️PAC Corporation (Thailand) Co Ltd, a manufacturer of innovative and energy-saving water heaters and air-conditioners under the PAC brand.

▪️Viya Crab Products Co Ltd, a manufacturer and exporter of pasteurised canned and chilled crab meat under the Siam Crab, Viya Crab, Swasdee Crab, and Smile Crab brands and an owner of the “Chaolay Seafood” restaurant. By establishing the “Blue Crab Bank”, the company is at the forefront of a campaign to return blue crabs to the ocean.

▪️Specialty Natural Products Co Ltd, Thailand’s leading manufacturer of Thai herbal extracts as active ingredients for health and beauty products that meet international standards.

▪️Enconcept Education Co Ltd, an English language teaching institute under the Enconcept name and an owner of English curriculum The Newton Sixth Form School and full-time Thai curriculum The Essence School.

▪️Thamturakit Social Enterprise Co Ltd, a company that began with the goal of assisting farmers in achieving long-term well-being by using the Sufficiency Economy Philosophy as a foundation and promoting natural farming. The company earned this year’s special “Social Value Creation” award.

The Bai Po Business Awards by Sasin were considered and judged by a panel of experts from various fields. 
Entrepreneurs applying for consideration do not have to be customers of Siam Commercial Bank or the Sasin School of Management. Each year awardees will receive a certificate with a plaque of honour with the “Bai Po” logo as a symbol of excellence in business.

Published : February 11, 2022

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https://www.nationthailand.com/pr-news/business/40012179

As Valentine’s Day approaches with love and infatuation filling the air, Mikimoto – the number one pearl jewellery brand from Japan.

As Valentine’s Day approaches with love and infatuation filling the air, Mikimoto – the number one pearl jewellery brand from Japan – is celebrating the day of love with a special “Valentine 2022” collection featuring impressive precious gifts that represent pure love.

Blending the purity and beauty of round, lustrous, high-quality Akoya pearl with Mikimoto’s famed design and haute craftsmanship, the collection comprises various accessories that include earrings, a pendant, ring and necklace deftly constructed with Akoya pearls and diamonds.

Eye-catching and impressive, the setting of either white or yellow gold is inspired by delicate ribbon tied into a bow, accented with shimmering diamonds that forever represent the sparkle of love.

This timeless collection also includes an Akoya pearl necklace with lustrous, round 7.00-7.50mm pearls with a ribbon-shaped clasp in white or yellow gold, which allows the necklace to be adjusted to desirable length or to be used as a bracelet.

Mikimoto also presents a meticulously designed set inspired by two hearts “that beat as one”. The set comprises Akoya pearl earrings and an Akoya pearl pendant with diamonds that symbolise luxury and stability. The brand also offers a bracelet with a “LOVE” pendant adorned with perfectly round Akoya pearls as a heartfelt gift for Valentine’s.

Experience these special festive gift collections throughout the month of love this February at Boutique Mikimoto, Level M, Siam Paragon, or call 0-2129-4444 for more details.

Published : February 10, 2022

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https://www.nationthailand.com/pr-news/business/40012162

Country Group Holdings Plc (CGH) and its early-stage investment arm, Pi Ventures, have agreed to take a 16.6 per cent effective interest in digital wealth management platform Coinbag to update the market on a new initiative and partnership in financial technology space.

Country Group Holdings Plc (CGH) and its early-stage investment arm, Pi Ventures, have agreed to take a 16.6 per cent effective interest in digital wealth management platform Coinbag to update the market on a new initiative and partnership in financial technology space.

Coinbag was founded with a mission of making digital asset investing simple and stress-free. The platform uses algorithms to create personalised digital asset portfolios that match clients’ individual financial objectives and generate passive income by connecting with a range of decentralised finance (DeFi) applications.

The seed-stage fintech company from Europe is in the process of securing regulatory approval to open up access to major markets and launching automated digital asset staking at the next update.

CGH chief executive officer Tommy Taechaubol said Pi Ventures had identified Coinbag as a stand-out opportunity and ecosystem partner based on the quality of the end-to-end user experience the team has developed. Clients are on-boarded via a fully-online process which establishes their wealth-building goals and risk tolerance, and thereafter the platform’s technology stack handles the rest, he said.

All of the complexity and pain points typically involved in constructing and managing diversified digital asset portfolios (from a universe of potentially thousands of unique instruments), maintaining security and transacting with DeFi smart contracts are abstracted from the client, resulting in a customer journey which requires zero technical knowledge of cryptocurrencies and blockchain applications.

Clients can be comfortable that their allocation to digital assets is appropriately secured, appropriately diversified and most importantly appropriate for them, the company said.

Coinbag is part of a new generation of fintech developers operating at the intersection of digital assets and automated wealth management. These platforms, also known as ‘robo-advisers’, use algorithms to create personalised recommendations and portfolios at massive scale, a disruptive technological development affecting both the securities and wealth management industries and trending both globally and in Thailand.

CGH has been following this technology for many years and sees it playing a major role in the future of the Pi platform, consistent with Pi’s vision of being a true personal trading and investment companion for the fast-moving modern lifestyle.

Pi Ventures continues to seek investment opportunities globally in companies and projects that can add value to the Pi ecosystem, with notable additional transactions in the pipeline, the company said. The early-stage investment company is backed by a 500-million-baht capital commitment from CGH.

Published : February 10, 2022

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https://www.nationthailand.com/pr-news/business/40012161

Real estate and retail developer Siam Pita is organising a travel fair at Siam Paragon from February 14.

The company, which is also the operator of Siam Paragon, Siam Centre and Siam Discovery and the joint venture partner of IconSiam and Siam Premium Outlet Bangkok, said it is organising the event to support travel operators. Many world-class hotels have partnered to offer special accommodation, dining, spa and other packages and promotions aiming to boost the economy and boost the tourism industry from upstream to downstream, the company said.

The seventh edition of the travel fair, called “Siam Paragon Thailand’s Luxury Summer Escape”, will take place from February 14 to 20 at Siam Paragon’s Fashion Hall on the 1st floor.

Thanaporn Tantiyanon, assistant managing director for marketing events at Siam Paragon Development, said from the beginning of the Covid-19 outbreak in early 2020 to the current situation, Siam Piwat has been working with many partners from government sectors, private organisations and local communities to help people affected by the pandemic.

Siam Piwat offers retail spaces and business channels with an aim to help revive the tourism industry and generate over 500 million baht revenue that will help over 10,000 travel operators to move forward, and their employees to continue their business and cope with the crisis, Thanaporn said.

“This is an event that travellers should not miss to avail of the best prices and best deals offered by the leading hotels.”

The event will bring together over 73 world-class hotels offering luxury travelling experiences for Thai travellers and expats, offering special accommodation packages, dining vouchers, spa treatments, and other lifestyle activities.

Leading hotels groups such as AWC (Asset World Corporation – Hospitality), ACCOR, Four Seasons Thailand, Hyatt Thailand, Marriott Thailand and Minor Thailand will be joining the event. The newcomers to the event are: Pimalai Resort and Spa, Soneva Kiri, THANN Wellness Destination, The Standard Hua Hin, Trisara Phuket and RAKxa Wellness & Medical Retreat. The accommodations cover all major tourist destinations such as Bangkok, Pattaya, Hua Hin, Chiang Mai, Chiang Rai, Phuket, Krabi, Samui and Phang Nga, she said.

“After the government resumed the ‘Test and Go’ entry scheme, the tourism industry has become more active. At the same time, the government’s latest tourism stimulus campaign ‘Rao Tiew Duay Kan’ [We Travel Together] in the fourth phase launched on February 1 has stimulated people to travel more than ever,” she said.

“We are confident that “Siam Paragon Thailand’s Luxury Summer Escape” will help boost the economy and boost the local tourism industry and customers will surely get the best-valued deals,” Thanaporn said.

Published : February 10, 2022

The latest 2022 Data Centre Global Market Comparison report of Cushman & Wakefield ranks Asian Pacific cities Singapore, Hong Kong and Sydney among the top 10 data centre markets in the world.

Asia Pacific’s data centre market continues to grow at a relentless pace and is set to become the world’s largest data centre region over the next decade, according to a recent study.
The latest 2022 Data Centre Global Market Comparison report of Cushman & Wakefield ranks Asian Pacific cities Singapore, Hong Kong and Sydney among the top 10 data centre markets in the world.
Construction totals continue to grow globally, with 4.1 gigawatts (GW) currently underway in the markets covered, up from 2.9GW in the previous study and 1.6GW in the year before that. The largest clients continue to require larger builds, with 100 megawatt campuses becoming increasingly common.

Todd Olson. Managing Director, Japan & Korea, and Head of Asia Pacific Data Centre Practice Group at Cushman & Wakefield

The largest data centre market in the world, Northern Virginia, again finished on top of the overall standings for the third consecutive year. Along with a strong construction pipeline, it offers excellent connectivity, attractive incentives, and low-cost power, the study showed. Singapore tops the Asia Pacific ranking (2nd globally), moving up two spots globally from 2021, while Hong Kong comes in 2nd in Asia Pacific (6th globally), rejoining the top 10 after missing out last year. Rounding out the Asia Pacific top three is Sydney (8th globally).
Further growth is expected throughout at least the next five to 10 years, as the region requires entirely new builds due to a lack of existing infrastructure for retrofit.
Globally, regions across Latin America and Africa are also expected to enjoy considerable growth in coming years, as new undersea cables are bringing faster access to many markets for the first time. Secondary markets across the world continue to grow, with many soon to reach current primary market size.

Gareth Powell. Senior Director of Cushman & Wakefield Thailand.

“Asia Pacific’s outlook is exceptionally positive, with many multinational enterprises requiring further refinement in the cloud (or across multiple cloud services) and many regional governments pursuing online service access. Both established and emerging markets will see continued large-scale requirements for capacity by all participants,” said Todd Olson, managing director, Japan & Korea, and head of Asia Pacific Data Centre Practice Group at Cushman & Wakefield. “It is a great time to be investing in this sector and we look to continue leveraging our experience, expertise and access to relationships and supply to drive opportunities within both the asset and platform space.”

Thailand has been thrust to the forefront in recent weeks as a data centre market, with several new projects announced and more operators reviewing entry. Bangkok could become a proving ground for IoT deployments with the considerable high-tech manufacturing locally that contributes to the global IT supply chain.
Despite the current moratorium on new builds, Singapore remains a strong location for data centre deployment, propelling them to the top of the regional rankings, while tying for second with Silicon Valley on the overall global rankings. The result is also a testament to its strong ecosystems, excellent connectivity, consistent demand, and all major cloud services available and expanding where possible.
Ranked outside the overall top 10 markets last year, Hong Kong makes a big jump in 2022 to second in the region and comes in just behind the global top five markets. The market offers a robust development pipeline, excellent networks and all major cloud services are available. Considerable further growth is expected in Sydney (regional 3rd), Seoul (regional 4th) and Tokyo (regional 5th), as there is still some land and power available in key nodes despite their costs, the study said.
Secondary markets continue to develop rapidly, so much so that many will be skipping directly to primary market size in the next three to five years. This includes Jakarta, Osaka, Seoul, and several core markets across India, with new tertiary markets beginning to arrive on the scene. Hyperscalers are the driving force behind this, with both US- and China-based companies battling for market share regionally. As such, there is an overwhelming need for new hyperscale capacity across the board, with the largest occupants looking to grow throughout the entire region, the study said.
“The horizon for the data centre industry across the Asia-Pacific region is exceptionally bright, thanks to deep hyperscale demand and the billions of dollars in development in progress to support these key tenants,” said Gareth Powell, senior director of Cushman & Wakefield Thailand. “The 1.3 gigawatts under construction in the APAC markets reviewed is a small fraction of what is in planning regionally, with much action and growth coming over the next decade.”

Published : February 10, 2022

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https://www.nationthailand.com/pr-news/business/40012113

The inclusion underlines CP Foods’ longstanding and strong commitment to environmental, social, and governance (ESG) efforts in line with Thailand’s “Kitchen of the World” strategy and United Nations’ Sustainable Development Goals, said Wuthichai Sithipreedanant, CP Foods’ senior VP for Corporate Social Responsibility and Sustainable Development.

Charoen Pokphand Foods (CP Foods) has been awarded a Silver Class distinction in the S&P Global Sustainability Yearbook 2022, placing it in the top 5 per cent of more than 230 best companies in the global Food Products sector.

The inclusion underlines CP Foods’ longstanding and strong commitment to environmental, social, and governance (ESG) efforts in line with Thailand’s “Kitchen of the World” strategy and United Nations’ Sustainable Development Goals, said Wuthichai Sithipreedanant, CP Foods’ senior VP for Corporate Social Responsibility and Sustainable Development.

Last year, the company launched CPF 2030 Sustainability in Action as a guideline for sustainable growth of business worldwide. CP Foods said the initiative’s key purpose is to create food security for a growing global population, using sustainable practices to mitigate environmental and societal impacts and solve global problems including climate change.

CP Foods said it had made multiple ESG efforts in recent years by adopting renewable energy, developing environmentally friendly packaging, sourcing raw material from responsible sources, and initiating waste-to-value projects to reduce food waste in business processes to zero by 2030.

The company said it is also helping conserve and restore watershed and mangrove forests, while increasing green areas in the workplace to protect biodiversity and mitigate its environmental footprint.

Published : February 09, 2022

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https://www.nationthailand.com/pr-news/business/40012091

Central Retail Corporation (CRC) has launched a new business strategy, ‘CRC Retailligence’, to guide its growth ambitions for the next five years.

CRC seeks to power its success through four strategies with an investment of over Bt100 billion.

The company aims to increase the revenue by 2.5 times and will expand across business segments from food, fashion, hardline, property, to new businesses. CRC is also leveraging the ‘CRC Retailligence’ ecosystem to enhance customer experiences, the company said.

CRC’s chief executive officer Yol Phokasub said, “There are five emerging trends that are fundamentally changing and shaping our future, and we must be prepared to adapt to these changing customer behaviours and rapid digital transformation.”

The five key trends are:

• A new consumer paradigm: Consumer behaviours and expectations are rapidly changing, physically and virtually.
• Scaling in the era of digital acceleration: Technology is and will be the driving force in a changing world.
• The future of wellness: Consumers will place importance on health and well-being, while technology is playing an integral role in daily living.
• Partnership for inclusive growth: Strategic partnerships will become more focused on driving success and growth.
• Sustainability agenda for all: Commitment to improve society and operate with sustainability at the core will rise in importance and will bring value to stakeholders

“Central Retail will continue to lead in reshaping the retail industry by leveraging the ‘CRC Retailligence’ strategy and the CRC Data ecosystem to fulfil consumer needs, both in the physical and virtual world,” Yol said. “By offering products and services through hyper-personalised experiences, Central Retail leverages data to unlock customer insights to deliver ‘Now Moment’ experiences in real-time, creating more personal experiences and inspiring moments. And by delivering experiences that merge online and offline worlds via next-gen omni retail, we aim to be the retailer who truly knows and understands our customers, shaping the future of retail in a way that’s never been done before.”

Central Retail said it is employing four strategies:

• Reinvent next-gen omni retail – Elevate omnichannel platforms by merging physical and virtual worlds, and leveraging digital technologies to deliver next-level shopping experiences across all business segments from Thailand, Vietnam to Italy.
• Accelerate core leadership – Accelerate growth across CRC’s core businesses, both locally and globally, and capture new opportunities to grow with world-class partners.
• Build new growth pillars – Capture new opportunities by starting with the wellness segment followed by other segments that tap into global trends and consumer needs.
• Drive partnership, acquisition and spin-off – Expand the business under the concept of inclusive growth, inspiring success with partners and enabling value-led sustainability.

Central Retail aims to unlock new growth across dimensions with an investment of 100 billion and has set ambitious targets for 2026:

1. Drive revenue growth by 2.5 times
2. Increase earnings before interest, taxes, depreciation by 3.5 times
3. Grow market capitalisation by 2.5 times.

“Three years ago, we set out to be the No. 1 regional omnichannel retailer. And today, the new strategy has proved to be a resounding success, which is a testament to Central Retail’s DNA powered by unwavering strength, optimism and boundless potential,” Yol said. “We are ready to move forward with ‘CRC Retailligence’ that prioritises the environment, society and good governance as the key cornerstones in operating our business. Today, we are confident in our capabilities to achieve our growth targets set for the next five years,” Yol added.

Published : February 08, 2022

By : THE NATION

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https://www.nationthailand.com/pr-news/business/40012083

Dtac and the Industry Ministry joined hands on Monday to launch the Creative Industry Village (CIV) project, aiming to generate 250 million baht for local communities in the next two years.

CIV will harness cultural tourism and digital technology in 152 villages to boost individual incomes and local economies.

To achieve this goal, the Industry Ministry has partnered with dtac Net-for-Living to allow locals to promote their villages as tourism destinations by selling products, food and accommodation online.

Dtac will provide digital training, equipping rural entrepreneurs with online marketing skills including product photography and social commerce. The mobile operator boasts Net-for-Living can increase incomes by 40-50 per cent by allowing small businesses to build a digital presence.

Dtac is also expanding its 700MHz network to the targeted villages, ensuring they have suitable voice and data services.

Thirdly, dtac said it will promote the villages’ entrepreneurs to its 19 million customers through the operator’s reward programme. The dtac programme provides freebies and discounts at over 30,000 outlets all over the country. It also regularly features small restaurants and vendors to boost their incomes.

The Industry Ministry expects CIV to boost the number of tourists to rural destinations by 68 per cent and product sales by 76 per cent.

Published : February 08, 2022

By : THE NATION

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https://www.nationthailand.com/pr-news/business/40012080

Blue By Alain Ducasse also won the “Best of the Year Award” in the fine dining category from Interior Design magazine, the most influential authority in the design industry worldwide.

Siam Piwat Co Ltd, the world’s leading retail property developer and joint owner of Iconsiam shopping complex, marked another milestone in Thailand’s retail history with Blue by Alain Ducasse, the Michelin-starred restaurant at Iconsiam, winning the prestigious Le French Design 100 award.

The awards that honour French designers for their work outside France is another accolade on the list of international awards for Thailand, further bolstering its reputation on the global level.

The award ceremony at France’s Presidential Palace was attended by French President Emmanuel Macron and his wife Brigitte Macron, Minister of Culture Roselyne Bachelot-Narquin, Hervé Lemoine, the head of the jury, and guest of honour Philippe Starck. At the ceremony, Jouin Manku, a leading French design agency, was honoured with the Le French Design 100 award for its design for Blue By Alain Ducasse at Iconsiam in Bangkok.

Chadatip Chutrakul, chief executive officer of Siam Piwat Group and director of Iconsiam, said, “Blue by Alain Ducasse is another business born out of our key philosophy to deliver experiences beyond expectation. Our intention was to invite one of the world’s best-known chefs to open a restaurant here in Thailand to deliver a first-ever experience and bolster Thailand’s position as one of the world’s top gastronomic destinations. That is why Blue by Alain Ducasse is exclusive to Thailand. We worked closely with Alain Ducasse and Jouin Manku, the French design agency that meticulously oversaw every detail of the interior design to bring the ultimate dining experience and a unique aesthetic to life.”

Chadatip Chutrakul, Chief executive officer of Siam Piwat Group and Director of Iconsiam

A vital element of Iconsiam, Blue by Alain Ducasse is Thailand’s first-ever world-class contemporary French restaurant by legendary Alain Ducasse recognised with an astounding 21 Michelin stars. Prominently positioned on the coveted Chao Phraya riverfront with unparalleled panoramic views, the restaurant has since its opening in 2019 become a prime destination for epicures and gastronomes. Ever since, it has delivered world-class French cuisine using the finest ingredients and has been awarded one Michelin star for two consecutive years. 

Blue By Alain Ducasse also won the “Best of the Year Award” in the fine dining category from Interior Design magazine, the most influential authority in the design industry worldwide.

The Le French Design 100 award that Jouin Manku has won for Blue by Alain Ducasse marks the first global accolade in 2022 for Siam Piwat and Iconsiam and highlights their continued success in creating experiences beyond expectation.

Over the years, Iconsiam has garnered 13 global awards at various world-class competitions, including the “Best Design of the Year” at the World Retail Awards 2019 hosted by the World Retail Congress, the first prize in the Best Shopping Centre category at the MAPIC Awards 2019 in Cannes, France, the 2020 VIVA Best-of-the-Best Design and Development Award, and being ranked in the top four in the Best Shopping Centre Category at the MIPIM Awards 2021.

Published : February 08, 2022

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https://www.nationthailand.com/pr-news/business/40012079

The five condos and two housing projects have a total value of 12.4 billion baht and revenue recognition of 6 billion baht. The company expects them to help drive sales revenue above 10 billion baht this year.

AssetWise has unveiled seven new projects for 2022 under a “Wind of Chance” strategy that includes expansion beyond real estate.

The five condos and two housing projects have a total value of 12.4 billion baht and revenue recognition of 6 billion baht. The company expects them to help drive sales revenue above 10 billion baht this year.

The 2.2-billion-baht Atmoz Bangna project sees Assetwise collaborating with Japan’s Takara Leben.

Meanwhile the company said it strengthened its position with the acquisition of condominiums in the Ratchada–Sutthisan area, including the Maxxi Prime Ratchada-Sutthisan from Maxxi Premier One.

AssetWise said it is also expanding into so-called entertainmerce and the healthcare sector.
It has partnered with RS, Fourth Apple and Future Competere to launch Popcoin, a smart marketing platform for entertainmerce.

It has also joined hands with Doctor A to Z, the online health service technology platform, to offer residents round-the-clock healthcare services as part of the “new normal” lifestyle.
The platform was fully operational in January this year.

Meanwhile AssetWise plans to partner with eldercare leader Bangkok Healthcare Service (BHS) to open a rehabilitation centre offering health assessments, treatment, and rehabilitation.

AssetWise CEO Kromchet Vipanpong said the company was committed to expanding beyond real estate and finding new business opportunities.

By the end of 2021, the company had developed 38 projects worth more than 38 billion baht. It said 29 had been completed and delivered while nine are at the sales and construction stage.

Published : February 08, 2022