7-Eleven launches campaign to ‘reduce and stop’ use of plastic bags

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7-Eleven launches campaign to ‘reduce and stop’ use of plastic bags

Corporate November 08, 2018 11:37

By The Nation

2,933 Viewed

Following its “7 Go Green” policy, CP All, the founder of 7-Eleven in Thailand, has begun a campaign to “reduce and stop” plastic bags at its stores nationwide.

In a press release issued by the company on Thursday, Tanin Buranamanit Managing Director and Chief Executive Officer of CP All, the founder of 7-Eleven in Thailand, said that CP All has initiated the project to encourage the public to reduce and stop plastic bags since 2007.

The firm said it is determined to nourish sustainable environment via the company’s various programs, in accordance with CP ALL’s brand purpose “giving and sharing opportunities for all”.

Tanin said: “We use this month to announce our mission to reduce and stop plastic bags in 7-Eleven stores nationwide. We urge all Thais to simply stop using one plastic bag per day, everyday. Doing so would help mitigate global warming. CP All had received the cooperation from the consumers and tourists using 7-Eleven services in the efforts. They recognized the negative impacts of plastic bags on the globe.

“We are planning to express our gratitude toward our customers who refuse plastic bags by awarding them with points for the 7 Value Card. 7-Eleven stores nationwide will give 10 points to customers who use 7 Value Card and refuse plastic bags. CP All also has other similar programs, such as the ‘say no to plastic bags’ and the ‘using cloth bags and saying no to plastic bags’.”

The company recently extended the plastic bag reduction initiatives to universities, hospitals, and natural tourist attractions, deeming that these places are important to the push for Thailand’s tourism industry’s growth.

To achieve that goal while conserving the environment in these natural tourist attractions, the company had introduced the “preserving the Andaman Sea, reducing plastic bags” activity. The event was a joint effort among CP Group, the Department of Environmental Quality Promotion, the Tourism Authority of Thailand, the Green World Foundation, the Ministry of Natural Resources and Environment, the Department of Marine and Coastal Resources, national parks on several islands, various local communities, and the public.

These activities had been held in Lanta, Yao Noi-Yao Yai, Lipe, Phi Phi, Tao, and Samet islands. CP All and its alliances in each island have organised these campaigns to encourage youths, tourists and members of the public to reduce and abolish plastic bags. It is also one of the initiative’s objectives to instil the new behaviour that caters to the sustainable conservative tourism.

“The company invited all people to reduce and stop plastic bags through four campaigns in 7-Eleven stores in the participating islands. They are stopping the use of the small plastic bags except for hot food; abolishing plastic cap seals for water bottles; replacing plastic packs for straws with paper packs; and installing bins for waste separation in all 7-Eleven stores, in order to manage garbage from the upstream for the community. We have also established communication plans to promote the movement to reduce and abolish the use of plastic bags in all forms”, stated Tanin.

TOG anticipates increased revenue during high season

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http://www.nationmultimedia.com/detail/Corporate/30358154

Torn Pracharktam, Managing Director of Thai Optical Group
Torn Pracharktam, Managing Director of Thai Optical Group

TOG anticipates increased revenue during high season

Corporate November 08, 2018 11:33

By The Nation

TOG Optical Group anticipates increased revenue during the high season from sales of ophthalmic lenses from the EU, USA, Australia and New Zealand.

In a press release issued on Thursday, the company said it expects sales orders will increase steadily between the end of 2018 and the beginning of 2019 due to the high season in the EU, USA, Australia and New Zealand.

The company said its strategy is to focus on premium-segment lenses with high margins e.g. “Zenith Iden” – the superior progressive lens designed for the easiest adaption for complicated prescription, and “Bluloc” – the lens material series which helps filter out 95 per cent of harmful blue-light.

TOG USA’s performance has demonstrated a very high growth potential, the company said. TOG USA sees an increase in sales order from its local customers especially in value-added product category namely high-index lenses, high-impact-resistant lenses, photochromic lenses as well as Bluloc lenses. The company continues to expand its customer base from more than 10 key customers currently and is expected to break even by the end of 2019.

The firsts shipment of “Zenith Iden” at the beginning of October 2018 has received incredibly positive feedbacks from domestic customers, the company said. By the first half of 2019, the company plans to expand this product to other countries in Asia-Pacific regions e.g. Singapore, Malaysia, Vietnam, etc.

Torn Pracharktam, Managing Director of Thai Optical Group Public Company Limited (TOG), revealed the company’s third quarter revenue of Bt434.26 million, decreased by 8.63 per cent compared to that of the same period last year. Net profit is Bt13.07 million, with 4.28 per cent margin, decreased by 72.51 per cent. Net profit decrease was significantly caused by the decreasing sales in the value-added segment.

SCB unit fills gap in transcript services

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http://www.nationmultimedia.com/detail/Corporate/30358104

Digital Ventures CEO Orapong Thien-Ngern at the launch of the platform
Digital Ventures CEO Orapong Thien-Ngern at the launch of the platform

SCB unit fills gap in transcript services

Corporate November 08, 2018 01:00

By WICHIT CHAITRONG
THE NATION

DIGITAL Ventures Co, a subsidiary of Siam Commercial Bank (SCB), and partners have launched Thailand’s first centralised blockchain platform to verify academic transcripts online.

They also hope to further develop the core technology to create something akin to LinkedIn as a professional network platform for Thailand.

Digital Ventures chief executive officer Orapong Thien-Ngern yesterday joined representatives of eight leading universities, executives of top companies and senior officials from the Ministry of Digital Economy and Society in launching the collaborative effort on academic document verification. The services are expected to start in January.

Ministry of Digital Economy and Society permanent secretary Ajarin Pattanapanchai said that the so-called B.VER (Blockchain Solution for Academic Document Verification) is expected to create transparency and reduce the incidence of fraud regarding the issuing of transcripts.

Orapong said the B.VER would lead to cost reductions for every party – the universities, students and employers. Currently, employers find it costly and time consuming to verify educational qualifications submitted by students seeking jobs. Students also often have to go back to their universities to get new copies of their transcripts issued to replace lost documents for job applications.

Orapong cited the experience of King Mongkut’s University of Technology Thonburi having to process about 37,000 requests for transcripts each year and Mahidol University, which processes some 5,000 requests a year.

Orapong is upbeat that the collaboration will lead to something bigger. “We want to deepen and widen blockchain technology application and it is a new thing we need to learn more about,” he said, referring to a recently introduced blockchain-based application for the Siam Cement Group (SCG) to help manage its supply chain.. The app was jointly launched by SCG and Digital Ventures.

In the near future, the platform – which draws on Big Data and artificial intelligence – will be extended as a channel for recommending suitable job positions, benefiting both applicants and recruiters.

LinkedIn has 500 million professionals as members and has annual revenue of US$5 billion, said Orapong. “We could create a professional network platform for Thailand, close in scope to LinkedIn, a global professional platform,” he said.

Orapong said that, regarding the privacy and security of information in the transcripts, when the transcripts are registered in the blockchain, Digital Ventures would get only a fingerprint format of the documents – with no information visible, said.

“Or, in other words, we could only tell whether that document is genuine or forged, and in this way we ensure the privacy and security of the owner of the document,” he said.

Digital Ventures’ head of project delivery, Chirapol Mathawaphan, said that Digital Ventures had chosen the Ethereum platform, a public blockchain with features capable of permanent data protection in the format of a decentralised ledger of information. Users can access data for verification purposes but cannot edit any information.

At present, Ethereum has created more than 25,000 nodes worldwide, offering higher data security and making it the best fit for platform development, data storage, and verification, Chirapol said.

The B.VER working process is divided into two parts. First, original transcripts are uploaded into the platform by universities. Afterwards, it will encrypt the document and store data on blockchain in a fingerprint format, which is unique for each document. As a result, firms can instantly verify academic documents by uploading the document into the platform.

The platform will then decrypt the documents by comparing the fingerprint format with original documents stored on the blockchain, with results instantly displayed to identify valid or fake documents. Storage and verification of documents using blockchain will ensure data security and accuracy.

In the near future, students and others can directly request or share academic documents to employers via this platform.

The academic institutions involved in the B.VER are Kasetsart University, Khon Kaen University, King Mongkut’s University of Technology Thonburi, Mahidol University, Rangsit University, Srinakharinwirot University, and Sasin Graduate Institute of Business Administration of Chulalongkorn University. The companies involved include Thai Oil PCL, Bangchak Corporation PCL, PTT Exploration and Production PCL (PTTEP), PTT Global Chemical PCL (PTTGC), Golden Land Property Development PCL, and IRPC PCL.

State-run educational institutions may not be able to join in the B.VER in the near future as the government needs to amend many laws and regulations to accommodate it, Ajarin said.

Approval to operation of ICO portals to start soon

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http://www.nationmultimedia.com/detail/Corporate/30358105

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Approval to operation of ICO portals to start soon

Corporate November 08, 2018 01:00

By THE NATION

THE SECURITIES and Exchange Commission (SEC) expects to start the approval process for initial coin offering (ICO) in December with at least one ICO portal likely be permitted to operate by the SEC board this month.

 Rapee Sucharitakul, SEC secretary-general, said that at least one ICO portal is expected to get the greenlight soon, while a digital asset exchange platform is awaiting approval from the Ministry of Finance.

About four to five digital asset exchange operations are being proposed to the ministry.

ICO portal service acts as a financial adviser to companies planning to launch an ICO. Its role is to examine the purpose of an ICO launch and the business plans of the companies planning these offerings.

“At least one ICO portal is expected to gain approval by the end of November . All processes for issuing licences to up to five operators of digital assets exchange have been presented to the finance minister. And the approval process for ICO is expected to begin in December,” Rapee said.

He insisted that fund raising through an ICO is still illegal and the SEC has issued warnings to investors on the associated risks every time a complaint was |made.

The key for an ICO approval lies in providing clear and easy-to understand information to investors, he said.

In regard to long term equity funds (LTFs) whose tax privilege will end at the end of next year, Rapee said that investors’ mindset need to be changed as long-term equity investment will still be given tax waiver.

Rapee said the list of candidates for the position of SEC secretary-general has been sent to the Ministry of Finance after receiving approval from the SEC board last month, adding that. he will not apply for another term after his current tenure ends in May next year.

“I’ve not thought about what I will do after my term, due partly to a regulatory requirement that I must not be involved in capital market activites for two years,” he said.

Facebook brings dating service to Thailand in Asia first

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http://www.nationmultimedia.com/detail/Corporate/30358106

Sharp
Sharp

Facebook brings dating service to Thailand in Asia first

Corporate November 08, 2018 01:00

By ASINA PORNWASIN’
THE NATION

9,282 Viewed

FACEBOOK yesterday officially launched its dating service in Thailand as the first market in Asia and second in the world for the new offering.

 Facebook Dating is available to users of the social network who are aged at least 18.

Nathan Sharp, product manager of Facebook Dating and product lead for people discovery, said that this feature is a result of the company’s mission to make Facebook the single best place to start a relationship online.

“Facebook Dating is a dedicated feature within the Facebook app, specially designed to give people full control of their experience looking for a meaningful relationship”, he said.

 “People will be able to match with others based on their preferences and interests, through a dedicated dating profile inside the main Facebook app.

“Dating profile associates with a Facebook profile, including just a name and age, and is separated from the user’s Facebook profile.”

Sharp said that the dating service is designed for meaningful relationships rather than short-term unions and the feature is an opt-in that allows people to decide to use it, rather than it being by default.

Moreover, it is in the Facebook app – not a separate app – but only non-friends (on Facebook) and friends of friends can see a user’s dating profile, which is separate profile from the Facebook profile.

Location selection is required since privacy is a key concern.

“Facebook Dating’s messenger is of a different type to Facebook Messenger. It allows only text and emoji icon to be sent.

“Photos, files, and links cannot be sent via the dating messenger,” said Sharp.

He added that Facebook Dating is the new place to first establish a relationship. It was launched first in Colombia.

The feature will also facilitate people to have dating experiences through Event & Group as well.

In Thailand, around 52 million people use Facebook every month, and these people are potential users of the dating services.

“Facebook Discovery is designed to be the very best place for people meet the first time while Facebook Dating is designed to be the very best place for people’s relationships,” Sharp said.

In the United States, one-third of marriages started as relationships online.

NetApp helps firms harness big data for edge

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http://www.nationmultimedia.com/detail/Corporate/30358107

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NetApp helps firms harness big data for edge

Corporate November 08, 2018 01:00

By NOPHAKHUN LIMSAMARNPHUN
THE NATION

3,175 Viewed

THAILAND, Malaysia and Indonesia are leading the pack of Asean markets for cloud-based data-driven digital transformation, according to US-based NetApp.

The technology firm is helping customers in banking, government, manufacturing and other sectors to harness the power of big data for a new competitive edge using hybrid-cloud computing facilities.

According to Henri Richard, an executive vice president of NetApp, about 55 per cent of the data fabric and hybrid-cloud business is currently in the US and North America, while the share of Asia Pacific has been growing rapidly to around 15 per cent of the total.

A survey of more than 800 firms worldwide has shown that data is increasingly seen as a new class of assets, making it the key competitive advantage that differentiates data-driven enterprises from the rest of competitors.

In banking, for example, data-driven lending platforms are emerging in Thailand and other countries as banks and non-banks aim to tap large numbers of small retail and business customers, using artificial intelligence (AI) and machine learning (ML) software.

This allows lenders to provide a much faster loan service but mistakes and bad loans are 20 per cent less.

Other sectors such as e-commerce, retail, automotive manufacturing, and healthcare are also turning to adopt a data-driven strategy to drive business growth.

In Thailand, NetApp works with 23 local partners to help customers adopt the data fabric and hybrid-cloud computing strategy.

NetApp also partners with China’s Alicloud, AWS and other service providers to serve customers in Thailand and other Asean countries.

Meanwhile, George Kurian, the CEO of NetApp, told the recent NetApp Insight 2018 conference that speed is now the new scale of doing business, citing US retail giant Walmart and online gaming company Fortnite as examples.

Previously, it took Walmart 50 years to reach one billion of customers in the US and other markets, but Fortnite recently achieved a total of 120 million users in just one year.

As a result, time to market has to be much faster today and this can be done with the adoption of a cloud-based and data-driven business strategy as competition is now shaped by demographic changes and a global widespread use of mobile devices.

According to Kurian, enterprises have to re-think the value of massive consumer and other data along with the use of AI and ML software to drive business growth and create new opportunities.

The new IT architecture is exemplified by a growing adoption of hybrid multi-clouds while data centres are becoming the so-called data fabrics in all data are integrated by AI and ML, he said, adding that data in separate silos are no longer practical.

According to Kurian, AI and ML are also a crucial part of the competitive advantage for edge computing in Internet of Things (IoTs) devices as well as in core and cloud-based computing.

For example, banks with a data-driven lending platform can instantly do credit analysis on potential customers using the big data or can offer interest rates on an individual basis to customers based on their personal risk profiles and other data.

Insurance companies can also use AI and ML programmes to price their healthcare policies based on individual risk profiles derived from wearable devices such as Apple Watch along with patient and hospital data.

In addition, genomic data analytics based on comparison with parents’ genes is also practical using the cloud-based facilities to allow an assessment of risks concerning key diseases or can be used by drug companies to develop more precision medicine for individual patients and certain race groups.

Other use cases include those for supply chain optimisation and retail sector as well as e-government services for driver’s licenses, tax payment, education, and cyber security.

In the end, Kurian said a successful data driven strategy leads to more efficiency and a new competitive advantage as well as increased profits. In other words, data is the new oil, while AI is the electricity and IoT the new nerve centre, according to futurist Gerd Leonhard, who spoke at the NetApp Insight 2018 conference, adding that today’s smart mobile devices are like humans’ external brain as they serve as wallets, storage of health and other crucial data.

Thailand tops in winners of Agoda Gold Circle Award

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http://www.nationmultimedia.com/detail/Corporate/30358108

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Thailand tops in winners of Agoda Gold Circle Award

Corporate November 08, 2018 01:00

Thailand scooped the most winners in this year’s Agoda Gold Circle Award, with 241 out of the 1,642 based in the country. Japan comes in second place with 230, followed by China with 150.

The Gold Circle Awards, now in its 10th Year, recognizes elite service, high scoring peer-to-peer customer reviews from the 22 million reviews on Agoda, as well as excellence in pricing and availability.

Globally, 43 of the winning hotel partners have been presented the accolade for four years consecutively, including Thailand’s Sri Panwa, a 5-star luxury pool villa hotel that has secured the highest review score in its category.

In Thailand, Bangkok is home to the most Gold Circle winners with 58 hotel partners represented, followed by Phuket (37) and Pattaya (30).

Gold Circle Awards ceremonies will take place in over 30 locations around the world, including three events in Thailand at Bangkok, Chiang Mai and Phuket, from October through December 2018.

TRIS RATING

“BBB” with stable outlook for Syntec Construction

TRIS Rating affirms the company rating on Syntec Construction Plc (SYNTEC) at “BBB”.

The rating reflects the company’s strong market position in the construction of high-rise buildings and its robust profitability.

The rating also recognizes SYNTEC’s resilience to a market downturn, aided by its sizable backlog and ample liquidity. However, the rating is constrained by a high reliance on the end markets SYNTEC serves and the cyclical nature of the engineering and construction (E&C) industry. The rating also takes into consideration a potential rise in leverage as SYNTEC plans to grow its real estate for rent business.

SET DEBUT

North East Rubber, a rubber product manufacturer and distributor, started share trading in the Stock Exchange of Thailand yesterday under the ticker symbol “NER”.

NER produces and distributes rubber products including ribbed smoked sheet, standard Thai rubber and mixtures rubber for distributing to domestic and international automobile manufacturers and intermediaries in China, Singapore, Hong Kong, and Malaysia.

Bank pursues goal

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http://www.nationmultimedia.com/detail/Corporate/30358023

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Bank pursues goal

Corporate November 07, 2018 01:00

By The Nation

Krung Thai Bank has budgeted Bt12 billion for the development of  its digital technology and information system towards the goal of sustainable growth in the long term, the bank’s president Payong Srivanich said yesterday.

“The investment may raise our cost of operations. However, this is a long-term investment that will have less impact on our business,” he said.

He added that if the bank increases its minimum retail rate by 0.25 per cent to the same level as other commercial banks, its net profit will rise immediately. But it  does not because of its concern of  the  customers, he added.

Master Ad reports rise in Q3 net profit

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http://www.nationmultimedia.com/detail/Corporate/30358003

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Master Ad reports rise in Q3 net profit

Corporate November 07, 2018 01:00

By The Nation

Master Ad Plc has announced a net profit of Bt68 million for the third quarter of this year on a total revenue of Bt473 million, the company’s chief executive officer Phoon Chiong Kit said.

The financial statement included the third-quarter results of Trans Ad Solution Co Ltd (Trans Ad) and Roctec Technology Ltd (Roctec). It represented a revenue increase of 80.6 per cent year on year, he said.

Women in tech happy to stay on

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http://www.nationmultimedia.com/detail/Corporate/30358005

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Women in tech happy to stay on

Corporate November 07, 2018 01:00

By The Nation

Booking.com, one of the world’s largest travel e-commerce companies and a digital technology leader, has revealed new findings from a global study that aims to uncover the experiences and perceptions of women with careers in tech.

Reflecting confidence in their current roles and future potential in the industry, more than four in five women (83 per cent) currently working in the tech industry globally say they intend to remain in the tech industry for the next five to ten years.