IBM pegsThailand for hub role

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http://www.nationmultimedia.com/detail/Corporate/30358192

IBM pegsThailand for hub role

Corporate November 09, 2018 01:00

By JIRAPAN BOONNOON
THE NATION

IBM has identified Thailand as a potential hub for the Indochina market under plans for the fast-growing subregion to generate 5 to 10 per cent of its total revenue within the next three years.

The technology company also plans to work with educational institutions to train workers for what it calls P-Collar jobs to meet the demands of the market.

Patama Chantaruck, vice president for Indochina expansion and managing director of IBM Thailand, said the company would pursue the goal of setting up Thailand as a hub for the Indochina market, spurred on by the potential for high growth.

“We are studying how to enter the Indochina market in various areas including as business partners, and under a business model with consideration to regulations and laws for investment,” said Patama, who joined IBM Thailand on October 2.

“The firm expects to enter Cambodia as the first country next year, followed by Laos. We will go to Indochina market with business partners. Meanwhile, Thailand still has high potential.”

She added that the firm plans to provides its solutions – including those based on artificial intelligence (AI), blockchain, the Internet of things (IoT), hybrid cloud and security – to support the needs of the market.

The firm will provide solutions focussing on agriculture, banking and finance, government and energy, as well as in healthcare.

For AI offerings, the firm will use Watson, which is an IBM supercomputer that combines AI and analytical software for optimal performance as a “question answering” machine. iWatson is being applied across industries to tackle some serious challenges, Patama said. “It has been trained to work for more than 16,000 clients in more than 20 industries in 80 countries,” she said.

She said the firm will work with business partners including government and educational institutions to develop P-collar jobs for experts in science, technology, engineering and mathematics. The collaboration will develop six years of course material for student training.

DUTY-FREE BID

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http://www.nationmultimedia.com/detail/Corporate/30358203

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DUTY-FREE BID

Corporate November 09, 2018 01:00

By The Nation

The Airports of Thailand Plc (AOT) will open bidding for the operations of duty free shops at three terminals of the Suvarnbhumi International Airport after its board has considered the term of reference ( TOR), company president Nitinai Sirismatthakarn said yesterday.

Total duty-free areas in the three terminals amount to 19,000 square metres.

SCB and OSMEP to boost privileges for small traders

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30358213

SCB and OSMEP to boost privileges for small traders

Corporate November 08, 2018 20:23

By The Nation

To enhance the competence of small- and medium-sized enterprises (SMEs) and bring growth to the grass-roots economy, Siam Commercial Bank and the Office of Small and Medium Enterprises Promotion (OSMEP) recently signed a cooperative agreement to promote privileges for SMEs until 2021.

Under the agreement, both organisations will apply all their strengths in providing comprehensive assistance and support to over 200,000 OSMEP-networked SMEs and SCB SME clients in a more efficient manner. In addition, they are ready to propel SMEs with growth potential to mobilise funds in the market for alternative investment (MAI) to ensure they have an alternative channel for obtaining capital to accommodate long-term business growth.

They target listing 30 OSMEP-networked SMEs on MAI by 2019 and plan to introduce special courses to broaden perspectives on various forms of SME fundraising.

Announcing the cooperation are OSMEP Director-General Suwanchai Lohawatanakul, SCB SME chief Pikun Srimahunt and SCB primary distribution chief Veena Lertnimitr.

Airline hails new onboard menu

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30358212

Yodchai Sudhidhanakul, CEO of NokScoot
Yodchai Sudhidhanakul, CEO of NokScoot

Airline hails new onboard menu

Corporate November 08, 2018 20:19

By The Nation

NokScoot says it has launched an enhanced in-flight menu with six hot dishes and a light meal, based on traditional dishes from the countries NokScoot serves or is expanding to.

“Call it an evolution of our onboard gourmet offerings as we strive to raise the bar of passenger experience,” said NokScoot CEO Yodchai Sudhidhanakul. “What we are doing is to bring the most authentic flavours of our destinations onboard.”

NokScoot and its catering partner, LSG Sky Chefs Thailand, part of LSG Group, have worked on the menu.

“Our role is to make sure that NokScoot passengers can enjoy safe, tasty and wholesome food on board,” said Luca Folin, general manager of LSG. “We believe that food is more than just a life necessity. With a little creativity, it can also be entertaining, surprising or comforting, and most importantly, it is a way to show you care,” he said.

NokScoot, a joint venture between Thailand’s Nok Air and Scoot of Singapore, is gearing up to spread its wings to South Korea and India from its base at Bangkok’s Don Mueang International Airport. Those are in addition to China where NokScoot has an extensive network, Taiwan and Japan, where it flies to Osaka and Tokyo Narita.

Smart city fair to open at Bitec

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http://www.nationmultimedia.com/detail/Corporate/30358209

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Smart city fair to open at Bitec

Corporate November 08, 2018 20:06

By The Nation

With smart city projects on the rise across Thailand, international security brands have converged at the 6th edition of Secutech Thailand in a bid to connect with regional buyers and project owners. Stricter fire and safety regulations enacted by the government have also led to heightened demands for fire and safety equipment, which will be a popular product category during the show.

The high demand has translated into an expansion in show scale at Secutech Thailand, which continues its year on year growth. Across 7,000 sqm of exhibition space at the Bangkok International Trade and Exhibition Centre (Bitec), over 250 brands are exhibiting, which represents a jump of 10 per cent from the previous edition.

“Visitors to this year’s Secutech Thailand will find products and solutions that are fit for the new age of security,” said Hubert Duh, managing director of Messe Frankfurt New Era Business Media Ltd.

“As is the case across Asia, smart and safe city is a hot topic in Thailand and we are expecting a large number of government and commercial sector stakeholders to pass through the doors over the coming days to source and learn about new technologies for this sector. The technological barriers to entry for suppliers in the sector are extremely high, particularly with regards to artificial intelligence and IoT [internet of things] technology. For this reason, we are glad to be hosting a mix of international brands with strong technological pedigree that can fulfil the requirements of regional buyers.”

The international line-up of brands is expected to attract high numbers of visitors to the fair, which welcomed a record 8,326 trade visitors at the previous edition.

Some of the most notable companies at the show include Dahua, Full Enterprises, Full Life, HIP Global and ZKTeco.

Many of these companies offer IoT based solutions that can be customised to meet the needs of users. The fair therefore offers them an opportunity to meet with potential clients to discuss their requirements.

Bangkok Bank launches contactless card

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30358193

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Bangkok Bank launches contactless card

Corporate November 08, 2018 18:18

By The Nation

Bangkok Bank, the Thai Payment Network (TPN) and Mastercard have joined forces to launch the ‘Be First Smart TPN Mastercard’ debit card.

It offers a stringent security system with free SMS notifications for purchases over Bt300.

Bangkok Bank vice president Shoke na Ranong said the card featured a contactless payment system which allows users to make payments by waving it at an Electronic Data Capture (EDC) machine without the need to swipe.

Card-users can make transactions with ATM and EDC using a 6-digit PIN.

Shoke said: “Consumer behaviour has changed dramatically. More people use digital channels to buy products and services online while using less cash. In 2017, the value of Thailand’s e-commerce market stood at Bt2.8 billion and is projected to reach Bt3 trillion in 2018. As such, the bank has joined with partners to develop and launch the Be 1st Smart TPN Mastercard to serve the lifestyles of modern consumers and provide stringent safety with its chip and pin system.

“TPN provides the domestic payment network and Mastercard the international payment network. Therefore, the card will perfectly meet the needs of customers while being in line with the government’s ‘cashless society’ policy.”

Bangkok Bank is offering special promotions for cardholders, including SF movie tickets for Bt88 per ticket, discounts up to 50 per cent from Grab and up to 30 per cent off from GuavaPass.

‘Be 1st Smart TPN Mastercard’ launched

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30358183

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‘Be 1st Smart TPN Mastercard’ launched

Corporate November 08, 2018 17:12

By The Nation

Bangkok Bank, the Thai Payment Network (TPN) and Mastercard have launched the ‘Be 1st Smart TPN Mastercard’ debit card that will cater to the lifestyles of modern consumers who like to shop online, while promoting Thailand’s move towards a cashless society.

The card boasts a stringent security system with free SMS notifications for purchases of Bt300 or over. Bangkok Bank is confident that the introduction of the card will help maintain its position as a leader in Thailand’s debit card market.

Bangkok Bank Executive Vice President and Credit Card Division Manager Shoke Na Ranong said the card can be used to pay at shops with the TPN symbol, those in the Mastercard network, and also for online purchases, both domestically and internationally.

In addition, the card also features a contact-less payment system which allows users to make payments by waving it at an Electronic Data Capture (EDC) machine without the need to swipe.

 The card was developed with an integrated security system that features an embedded chip to prevent credit card fraud. Card-users can safely make transactions at both ATM and EDC machines using their 6-digit PIN verification. Users will get peace of mind with free SMS notifications when spending Bt300 or more so they can keep track of their card usage at all times.

“Consumer behavior has changed dramatically. More people use digital channels to buy products and services online while using less cash. In 2017, the value of Thailand’s e-commerce market stood at Bt2.813 billion and is projected to reach Bt3 trillion in 2018 (data as of July 24 from Event Digital Thai Digital Asia – DTDA).

Bangkok Bank is offering special promotions for cardholders, including SF movie tickets for 88 baht per ticket, discounts up to 50% from Grab and up to 30% off from GuavaPass.

TPN General Manager, Vipawan Yongvikul, said that the company aims to grow the payment network to facilitate the use of debit cards for store purchases through this collaboration with new global partner Mastercard.  The key feature of the Be1st Smart TPN Mastercard is that it can be used by both swiping (contact) and waving (contactless), enabling easier and faster transactions.

Meanwhile Donald Ong, country manager for Thailand and Myanmar, Mastercard said, “Mastercard is delighted to partner with Bangkok Bank and the Thai Payment Network to launch the Be1st Smart TPN Mastercard. The co-branded debit product provides cardholders access to over 44.4 million Mastercard acceptance locations across the world. In addition to convenience, cardholders can enjoy peace of mind with embedded safety and security features such as EMV chip technology and 3D secure transactions for online purchases as well as unique privileges such as exclusive promotions from our merchant partners, both in Thailand and abroad. This initiative further underscores Mastercard’s commitment to provide safe, secure and seamless payments to further accelerate Thailand’s journey towards a cashless society.”

L’Oreal looks for talent through Mya Systems AI chatbot

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http://www.nationmultimedia.com/detail/Corporate/30358169

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L’Oreal looks for talent through Mya Systems AI chatbot

Corporate November 08, 2018 14:45

By The Nation

L’Oreal has rolled out its first conversational platform with Mya Systems, a startup that provides AI solutions for the recruiting industry.

In a press release issued on Thursday, the company said the chatbot, targeting candidates seeking internships and positions such as beauty advisors, has been successfully deployed in the UK, the US, and France since September 2018, and will be introduced in other countries later on.

The first launches increased candidates’ satisfaction and allowed L’Oreal, which receives over 1 million applications per year, to manage an even higher volume of applications.

Niilesh Bhoite, chief digital officer for HR at L’Oréal, said: “The results of the first 10,000 recruiting conversations show that Mya engages with 92 per cent of our candidates in an efficient way and achieves a near 100 per cent satisfaction rate. We’ve received great feedback from our applicants. Many commented on how easy and personal the experience felt.”

Jean-Claude Le Grand, executive vice-president human relations at L’Oréal, said: “As part of its overall HR transformation and digitisation efforts, the group takes an important step forward with this partnership. This new performing technology reinforces HR people’s counsellor role and enables them to really focus on the qualitative and human dimension of the recruitment process.”

To create a solution tailor-made for the group’s recruitment needs, L’Oréal supplies the specific criteria to be met by candidates for each different position and works with Mya to enrich the tool.

The Mya chatbot is able to ask candidates factual questions to determine whether their profiles match the position requirements: Are you available at the internship start date and throughout the entire internship period? What year are you currently in and how long is your degree course? Do you need us to make any reasonable adjustments in order for you to be able to complete your application? Do you have any questions for me regarding the company culture, application process, or position details? This type of bias-free, objective screening goes beyond resumes to intelligently streamline the search for new talents.

User-friendly, Mya is accessible via mobile phone anytime and anywhere. From the start, Mya presents itself as a chatbot. At the end of this first phase, qualified applicants are put in contact with recruiters. Especially valuable in a world where many job seekers do not have the necessary level of information regarding their application follow-up, this technology provides ongoing reminders and updates for a more considerate, more people-centric experience.

New managing director appointed at LJ Partnership

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30358168

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New managing director appointed at LJ Partnership

Corporate November 08, 2018 14:41

By The Nation

LJ Partnership, an independent investment firm advising institutional and private clients that currently supervises US$15 billion (Bt493 billion) in assets, has announced the appointment of Neill O’Brien as managing director.

 In a press release issued on Thursday, the company said he joins LJ Partnership’s wholly-owned investment and advisory subsidiary, Guggenheim Investment Advisors (Hong Kong) Limited (“GIA (HK)”), which was acquired by LJ Partnership in 2016.

The company said the appointment comes shortly after a significant investment by Dilmun, the New York-backed family office originally from the Gulf, which acquired a 40 per cent stake in LJ Partnership in July 2018.

O’Brien has more than 10 years of experience in real estate advisory, counselling Asian real estate clients on acquisitions, dispositions, JVs, debt and equity raising, as well as leasing and ownership strategy, the company said.

Based in Hong Kong, his real estate advisory expertise complements GIA HK’s existing asset management capability and will be instrumental in driving LJ Partnership’s growth in Asia.

Alexander de Meyer, CEO of LJ Partnership, said: “We are delighted that Neill – a seasoned regional real estate advisor – is joining GIA (HK) as a managing director. This comes at a time that we are expanding our footprint in the Asia-Pacific region. Neill will be a strong addition to the specialist advisory team matching long term capital to proprietory deal flow.”

O’Brien said: “I am very pleased to be joining LJ Partnership’s real estate advisory and investment business in Asia. Capitalising on the Group’s well-established platform, international network of real estate operators and impressive investment track record, I look forward to introducing Asian investors to a range of diversified direct and co-investment opportunities across the globe; and to further contributing to LJ Partnership’s expansion in Asia-Pacific.”

TREIT acquires high quality sale-and-leaseback assets from Star Micronics

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http://www.nationmultimedia.com/detail/Corporate/30358166

Peerapat Srisukont, managing director of TICON Management (TMAN)
Peerapat Srisukont, managing director of TICON Management (TMAN)

TREIT acquires high quality sale-and-leaseback assets from Star Micronics

Corporate November 08, 2018 14:36

By The Nation

Ticon Freehold & Leasehold Real Estate Investment Trust (TREIT) has recently invested in high quality assets with a total value of Bt90 million from Star Micronics.

In a press release issued on Thursday, the company said the assets being bought are located in one of Thailand’s strategic locations for industrial operations with immediate long-term tenancy for 10 years. This is the first sale-and-leaseback from the non-Ticon group assets.

The company said the move coincides with TREIT’s growth strategy, in which its investment is widely open to high-quality properties from both TICON and non-TICON companies throughout the country and abroad.

The company is confident that TREIT will grow by more than 3.6 billion this year and provide target returns to its unit holders, reaffirming TREIT’s status as the largest industrial REIT in Thailand.

Peerapat Srisukont, managing director of TICON Management (TMAN) as the REIT manager of TREIT, said: “In line with the growth plan announced, TREIT consistently pursues investment opportunities in high-quality assets in Thailand and abroad, targeting at a continued growth of between Bt2 billion and Bt3 billion in net asset value per annum.

“Most recently, TMAN’s board has passed a resolution for TREIT’s additional investment plan to acquire real estate assets from Star Micronics Precision (Thailand) Co., Ltd. (Star Micronics). Valued at Bt90 million, this transaction will be paid with TREIT’s working capital. The ownership of properties involved is comprised of land with total area of 8 rai, 3 ngan and 53 square wa and two ready-built factory buildings with a usable area of 8,976 square metres.

“These properties are located in Rojana Ayutthaya Industrial Park in Ban Chang Sub-district, Uthai District, Phra Nakhon Si Ayutthaya Province, one of Thailand’s strategic locations for industrial operations. Moreover, Star Micronics as a seller will sign a 10-year leaseback agreement and continue to occupy the properties as a long-term tenant of TREIT”

The company said that after the investment, TREIT’s assets under management has increased to 516 units of factory and warehouse buildings, divided into 70 per cent freehold and 30 per cent leasehold properties. These high-quality properties are strategically located in key industrial regions of Thailand, such as Ayutthaya, Pathum Thani, Samut Prakan and the Eastern Economic Corridor (EEC).

They were acquired complete with tenancies of world-class companies from various industries, including next-generation automobiles, logistics and electronics. As at the end of September 2018, the occupancy rate stood at 79.2 per cent. On progress of another transaction involving acquisition of real estate assets worth Bt3.6 billion from TICON, the ownership transfer is currently underway with completion expected in December this year.

Peerapat added: “As the REIT manager, we found this new investment worthy and foresaw its potential to contribute to overall growth of TREIT, an investment in high-quality properties in a promising location, coupled with advantages of a sale-and-leaseback deal with non-TICON partner for the first time, especially with a long leaseback period of 10 years from October 1, 2018, to September 26, 2028.

“Looking forward, we are ready to drive further growth of TREIT, to boost its revenues and to ensure high and consistent yields to the unit holders. We expect TREIT’s net asset value to reach Bt35 billion by the end of this year, an increase of 15 per cent from the end of December 2017.”