Video game action heads for the cloud

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Video game action heads for the cloud

Tech November 05, 2018 09:40

By Agence France-Presse
San Francisco

Video games are following television and music into the cloud, with console-quality play on its way to being a streaming service as easy to access as Netflix or Spotify.

Computing power in data centers and devices from televisions to smartphones has surged and streaming technology has advanced, providing tools to break blockbuster titles from confines of consoles or personal computers.

During a recent Microsoft earnings call, chief executive Satya Nadella said a keenly anticipated “X Cloud” video game streaming service is in “early days” but he is excited by the prospect of giving players access console-quality titles on all kinds of internet-linked devices.

“Most critical is having a platform where gamers are already there,” Nadella said, noting booming revenue from its Xbox console unit.

“I am most excited about the core (Xbox) community and content we have; I think that is what even gives us permission to think about streaming.”

Video game titan Electronic Arts (EA) this week laid out a vision of streaming video games enhanced with artificial intelligence to create “living, breathing worlds that constantly evolve.”

EA, maker of the popular Battlefield and FIFA game franchises, has more than 1,000 employees working on a platform to harness the power of cloud computing and artificial intelligence in a game service hosted on the California-based company’s servers, according to chief technology officer Ken Moss.

The effort is called “Project Atlas.”

“I strongly believe that what’s on the horizon will bring greater changes than anything gaming has ever seen,” Moss said in a blog post disclosing Atlas.

“You will be able to play games with your friends anytime, anywhere and on any device.”

– ‘Assassin’s Creed’ in the cloud –

Wedbush Securities analyst Michael Pachter saw Amazon, Apple and Google as potential big players in the space given huge investments they have made in data centers that already provide cloud services to millions of people.

Amazon, a major cloud operator through its Amazon Web Services, also owns popular game play-streaming service Twitch.

Google is collaborating with French video game colossus Ubisoft to use the latest addition to the hit “Assassin’s Creed” franchise to test “Project Stream” technology for hosting the kind of quick, seamless play powered by in-home consoles as an online service.

“We’re going to push the limits with one of the most demanding applications for streaming — a blockbuster video game,” Google product manager Catherine Hsiao said in a blog post.

A select number of people in the US can play “Assassin’s Creed Odyssey” streamed to Chrome browsers on desktop or laptop computers.

Console quality video game play streamed online as a service, hosted on servers in the internet cloud, faces challenges including moving data quickly enough to avoid lags in action or imagery.

Improvements in internet bandwidth, computing power and data storage capabilities are enabling “disruptive technologies” such as streaming that can change the way games are created as well as played, according to Ubisoft.

– Consoles in crosshairs? –

Companies interested in cloud gaming see it as a way to reach broader audiences.

Microsoft has built a powerful platform for hosting computing in the internet cloud, making such service a thriving part of its business.

The Redmond, Washington-based technology veteran has also invested heavily in machine learning.

“If you agree that the eventual future of games consumption is through cloud gaming services, then those companies with a strong position in cloud are likely to be best placed to benefit from the transition,” said IHS Markit games technology research director Piers Harding-Rolls at an industry event earlier this year.

Sony offers more limited cloud service through its Playstation Now, keeping game play within the confines of the console.

While streaming game services might nibble at consoles sales, they are more likely to broaden the audience of players to anyone with an internet connection, according to analysts.

“I don’t think this means the death of the console,” Pachter said.

“Publishers need consoles the same way movie studios need theaters.”

A question unanswered what business model will prove optimal for game streaming services.

“It seems to me that the right business model is iTunes rather than Spotify,” Pachter said.

“Let people ‘buy’ a game and stream it for as long as they want instead of forcing them to sign up for a subscription.”

Nothing to LIKE here

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Clair Deevy, director of policy programmes for Facebook APAC, and Simon Harari, public policy manager for content at Facebook APAC
Clair Deevy, director of policy programmes for Facebook APAC, and Simon Harari, public policy manager for content at Facebook APAC

Nothing to LIKE here

Tech November 05, 2018 01:24

By Asina Pornwasin
The Nation

Facebook ramps up defences against ugly intrusions into the platform ranging from hate speech to graphic violence

Facebook has committed to spending more on technological solutions to help the social media giant find and remove inappropriate or illegal content on its platform.

Artificial intelligence (AI) has been playing a key role in helping Facebook take action on content in six areas: graphic violence, adult nudity and pornography, terrorist propaganda, hate speech, spam, and fake accounts.

Simon Harari, public policy manager for content, Facebook APAC, said Facebook uses a combination of technological means and reports from the user community to identify violating content on the platform.

“We are also investing heavily in AI to help proactively detect violating content, complementing the reports we receive from our community,” said Harari.

He said fake accounts and spam are mostly detected by AI technology, while hate speech is the most challenge area for using AI to detect because of the local context.

According to a Facebook Community Standards Enforcement Report from January to March 2018, the company said 583 million additional fake accounts were disabled, usually within minutes of registration – and 99 per cent of them before they were reported.

“We took down 837 million pieces of spam, 21 million pieces of adult nudity, and 3.5 million pieces of violent content, amounting to nearly 100 per cent, 96 per cent and 86 per cent, respectively, that we found and flagged before they could be reported,” said Harari.

He said the firm removed 2.5 million pieces of hate speech, some 38 per cent of which were flagged by technology and it took down 1.9 million pieces of terrorist propaganda, 99.5 per cent of these items identified by technology.

“The results showed that our AI systems are getting extremely good at identifying some types of violating content, such as fake accounts and nudity, but that areas like hate speech, which require more local context and understanding, still need human review. The next report will be published this November,” said Harari.

Hate speech is the most challenging problem for Facebook to handle with technology since it is very involved with local context.

“We do not allow hate speech on Facebook because it creates an environment of intimidation and exclusion and in some cases may promote real-world violence,” Harari said.

“We define hate speech as a direct attack on people based on what we call the protected characteristics of Facebook’s community standard for hate speech, including race, religion, national origin, gender identity, caste, sex, ethnicity, serious disability, and sexual orientation.”

Facebook’s content policy team is responsible for developing Facebook’s community standards. The team is based in offices around the world and is made up of subject matter experts on topics such as terrorism, hate speech, and child safety. The team also convenes the Content Standards Forum to discuss and pass policy recommendations.

“Facebook’s mission is to give people the power to build community and bring the world closer together. We know that people will only come to Facebook to do this if they feel safe when using our services, which is why our community standards are so crucial in helping us achieve our mission,” said Harari.

“Facebook has always had a public version of our community standards available to the community around the world. We want to be absolutely clear that harmful language, images, and videos have no place on Facebook.”

He said that earlier this year the company published a much more detailed version of the community standards for three main reasons. First, it was done so make it clear that Facebook “absolutely does not allow harmful content such as hate speech, bullying and extremist content on the platform”. Second, it is to show where Facebook draws the line on more nuanced and complex issues. And the last is to start a dialogue about Facebook’s community standards and encourage feedback.

“Our content policy team is responsible for developing our community standards. They are a diverse group made up of people from many different backgrounds, including former prosecutors, human rights lawyers and safety experts, and they are based in offices around the world,” said Harari.

“But they don’t develop our community standards in a vacuum. They seek out regular input from external experts, including NGOs, safety experts and academics, who we consult for every new policy recommendation.”

Facebook has published more details about the community standards and published a Community Standards Enforcement Report for the first time. These reports are reviewed by content reviewers who are located across the globe, working 24 hours over seven days to review content in over 50 languages, including Thai.

“We have double the number of people working around the world on safety and security issues at Facebook, reaching 20,000 by the end of this year. We are also working to enhance the work we do proactively, training our classifiers and using machine learning to automatically surface images and keywords for human review,” said Harari.

Alongside these detailed community standards, Facebook also this year expand the appeals channels by allowing the community to ask Facebook to take a second look at take-downs of individual posts, when there is some disagreement over the decision.

Channels for appeal

“We announced this year that we are expanding appeals giving people the opportunity for people to appeal against content decisions,” said Harari.

“People on Facebook will now be able to appeal content decisions. We have now launched appeals for content that was removed for nudity, sexual activity, hate speech, bullying and harassment and violence. To date, appeals were only available to people whose profiles, pages, or groups had been taken down.”

Facebook has also put more focus on harassment, bullying and suicide.

Clair Deevy, director of policy programmes for Facebook APAC, said that Facebook had updated its policies for bullying of private individuals and this would be treated as harassment when content was aimed at a public figure in Messenger.

“The violating messages will not be deleted, but we will let the sender know that they have violated our policies and will prevent them from sending messages for 24 hours as the victim will also receive a message letting them know that we took action against the perpetrator,” said Deevy.

She said that earlier this year the company expanded its policies to guard against the harassment of young public figures on Facebook.

“In the coming weeks, we will further expand our policies to better protect figures against harassment regardless of age,” said Deevy.

On the issue of suicide, Deevy said this tragedy affects people all over the world and that why’s Facebook is also focused on suicide prevention.  She said Facebook has been working with experts in suicide prevention for over 10 years to make sure that it offers the best possible support to the community. This includes meeting with experts around the world to discuss the best way to help people in crisis when they are using Facebook Live. Experts stress the importance of “not cutting off the stream too early, people viewing can reach out and people broadcasting can receive support”.

Deevy said Facebook is looking into pattern recognition to help accelerate reviews and prioritise potential suicidal reports faster.

Facebook breach highlights need for stronger approach on data protection

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Parichart Jiravachara
Parichart Jiravachara

Facebook breach highlights need for stronger approach on data protection

Tech November 05, 2018 01:18

By By Parichart Jiravachara
Special to The Nation

2,538 Viewed

FACEBOOK is once again in the news after the social media giant on September 28 revealed its largest security breach. Hackers exploited a vulnerability in its “View as” feature for testing privacy settings and stole access tokens.

This gave them to the ability to take over about 50 million Facebook user accounts.

The impact of this breach is a potential US$1.63 billion fine by the European Union under the latest privacy Act, subject to the Data Protection Commission (DPC) in Ireland determining the number of EU users impacted it.

Since the General Data Protection Regulation (GDPR) has already taken effect, Facebook’s security breach is going to be a case study for many organisations and lawmakers around the world as the first online privacy lawsuit by the EU. It will be observed for precedents and policy decisions for future reference and best practice.

Privacy Acts are becoming a central theme all over the world. With the recent Facebook breach and the borderless nature of the digital world, any organisation that has websites or apps allowing a Facebook log-in will need to determine the potential risks of the Facebook breach to their customers and the strength of their own data and privacy policies.

In Southeast Asia, the combined population of Asean’s 10 member nations is 634 million with a combined GDP of US$2.55 trillion reported in 2016. It is the sixth-largest economy in the world with a total trade of US$3.7 trillion. Forecast annual growth at 5 per cent sets expectations of it becoming the fourth-largest economy by 2030. It also has the fastest growing population of Internet and mobile device users, with online spending expected to reach $200 billion by 2025. This growth makes it a prime target for hackers.

Thailand has a multi-year blueprint to develop digital capabilities in all sectors of the economy and is expected to pass a Data Protection Act this year once the draft bill is approved by the Cabinet and submitted to the National Legislative Assembly.

The law is aligned to the EU’s GDPR, which means that most organisations that have taken measures to comply with the GDPR that took effect on May 25 will be compliant or have no trouble being compliant with Thai Data Protection Act in securing Thai citizens’ data.

What if you were not required to comply with the EU’s GDPR? How should your organisation go about preparing for the upcoming Data Protection Act or even prepare for the potential repercussions of the Facebook breach?

A quick start is to find out if you know the answers to the following questions:

1. Where is your business operating today?

2. What data does your business collect?

3. Where does your data reside?

4. Where do your customers reside?

5. What are the data protection and privacy regulations in the countries of all the above?

6. What is your business roadmap in the next five years?

 

The questions above will help your organisation to determine your next steps:

1. Scope of data privacy assessment for your organisation – to determine your risk levels and existing controls;

2. Implement data classification and labelling, and;

3. Implement data protection and data classification solution

 

The above steps ensure that the key principles of the GDPR or any robust data protection and privacy programme are observed. Those principles are:

1. New Data Subject Rights – especially data portability

The GDPR gives every individual the right to access their personal data on request, request a rectification to inaccurate data and object to the processing of their data and more.

In this case, your company must have the ability to provide your customer with a copy of all the

personal data that you have regarding them; and the ability to transfer that data to another data controller or service provider at their request.

This can lead to more competition as preferred services will have the advantage of retaining the customer’s data. Thus, businesses need to rethink their business strategy from customer experience to service value, and change their approach toward compliance into a customer-centric one.

2. Maintaining records of processing activities

A full overview of the processing activities that take place within an organisation is required and also that these activities to be documented accordingly. The breadth and depth of this requirement demands a proactive and collaborative approach from within organisations. To be successful, business units need to be involved to design a process with clear roles and responsibilities, and a central register for the records. The added benefits as a result may be streamlined processes, better risk management and deeper business/operation insights.

3. Privacy by design and by default

Privacy by design mandates the consideration of privacy at the development process of any product or service. While privacy by defaults requires privacy to be a default setting allowing a customer to customise how much to share with others.

This requirement is a good practice for the purpose of ensuring the privacy of customers are always protected , which allows trust to be built up again between customers and businesses.

Parichart Jiravachara is partner and risk advisory at Deloitte Thailand.

Nikko Hotels announces new opening in Bangkok

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Exterior of Hotel Nikko Bangkok
Exterior of Hotel Nikko Bangkok

Nikko Hotels announces new opening in Bangkok

Real Estate November 06, 2018 01:00

By THE NATION

NIKKO HOTELS International, the Japanese luxury hotel group, has added the 38th Nikko Hotel into its portfolio.

Hotel Nikko Bangkok will open its doors in early 2019 and is now taking bookings. Special rates start from Bt5,200 for a superior room, inclusive of breakfast for two, for stays from February and valid until June 30, 2019.

Grand Tower Inn Group, founded in 1985 initially as an operator of serviced apartments, owns Hotel Nikko Bangkok. The group has traditionally served mostly Japanese clientele, with around 90 per cent of the guest profile from the corporate sector, and 10 per cent from the leisure market.

Located at 27 Sukhumvit Soi 55, within easy walking distance of the BTS Skytrain Thonglor station, Hotel Nikko Bangkok is a five-star establishment with 301 guestrooms and suites, including 10 extended stay rooms featuring a kitchenette.

Japanese bathrooms are a feature of the guest rooms, including a TOTO Washlet toilet in a uniquely separated room and luxurious Panpuri bathroom amenities.

Retaining a strong Japanese identity, the hotel service style will blend respectful Japanese hospitality with the traditional warm and friendly Thai welcome.

“We are very excited to be making this step forward and starting to accept reservations for our much-awaited guests to experience our courteous Japanese ‘omotenashi’ hospitality in Bangkok’s trendy Thonglor neighbourhood,” said Jo Sato, the hotel’s general manager.

The hotel will have four restaurants and lounges, namely Hishou Japanese restaurant, The Oasis for all-day dining, Curve 55 for lobby lounge and The Pool Bar.

Breakfast choices include an international breakfast at The Oasis, and full Japanese breakfast at Hishou.

Meetings and events are a major component of Hotel Nikko Bangkok, with the Fuji Grand Ballroom being one of the largest in the Thonglor neighbourhood and able to host 1,250 persons for cocktails.

A further eight small and medium sized function rooms together with an outdoor terrace and balcony takes the total meetings space to over 1,800 square metres.

Dream run on Thonglor-Ekamai

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Perspective of Chewathai Residence Thonglor
Perspective of Chewathai Residence Thonglor

Dream run on Thonglor-Ekamai

Real Estate November 05, 2018 01:00

By SOMLUCK SRIMALEE
THE NATION

THE POPULARITY of the Thonglor-Ekamai area among homebuyers has drawn a slew of new projects as well as individuals buying existing residential units for resale amid rising prices.

Vasin Mahaphon, 36, received an offer of Bt12.5 million for a 26-square-wah townhouse he had bought in Ekamai Soi 28 for Bt5 million in 2012 – a surge of over 100 per cent in six years. The property was renovated at a cost of Bt1 million.

“I moved to Ekamai Soi 12 from Nonthaburi province six years ago after purchasing a 35-square-wah townhouse for Bt5.2 million plus a renovation cost of Bt400,000, said Vasin in an interview with The Nation.

The strong demand for homes in the area later led to the idea of buying and renovating existing properties for sale, he said, adding that he had worked in Thonglor for 15 years before moving to the location.

Vasin began with the purchase of a 35-square-wah twinhouse for Bt8.2 million, followed by a Bt400,000 renovation. A year after, the house was sold for Bt12.5 million – a 45-per-cent price increase in 12 months.

As the rise in residential prices continued, Vasin turned to renting out his properties. Two units have now been taken up by tenants for monthly rentals of Bt60,000 and Bt70,000.

“Rents rise in line with market prices. Besides, the sale price of my units will also be much higher,” he added.

“The Thonglor-Ekamai area offers a range of facilities that sit well with my lifestyle. It offers many commercial premises, a vibrant night scene and easy access to the central business district. The area is usually quiet on weekends when I jog with my dog in the mornings,” Vasin said.

In view of growing demand, developers are launching a slew of projects in the area, including condominiums and low-rise residences (single detached house, twinhouse and townhouse) offering a total of 4,431 units at a combined investment cost of Bt46.09 billion in the second-half of the year. (See graphic)

A study by Collier International (Thailand) shows the launches of 7,440 condominium units in the location from 2009 to the end of 2017. The number would rise to 11,871 when the new projects are completed in 2022.

“We also found that sales of condominium units launched in 2017 have now exceeded 70 per cent of their total project value, including the sell-out of The Reserve Thonglor by Pruksa Real Estate Plc and W-Shinwa Co Ltd’s Runesu Thonglor, followed by 95 per cent of Sansiri Plc’s Taka Hause Ekamai 12.

“Those posting 70 per cent sales in project value are Maru Ekamai 2 by Major Development Plc; Ideo Q Sukhumvit 53 by Ananda Development Plc; Chalermnit Art De Maison Sukhumvit53 by Areeya Property Plc; and The Esse Sukhumvit 36 by Singha Estate Plc,” said Phattarachai Taweewong, senior manager/research department, Collier International (Thailand)

There will be a total of 3,286 condominium units worth over Bt50 billion launched in the area by the end of the year, the highest in a decade. As for the 14 existing projects offering 3,139 units, up to 78 per cent, or 2,436 units, have already been sold, according to the Collier survey.

Sale prices for condominium units at Thonglor-Ekamai average Bt220,000 per square metre, between Bt300,000 and Bt180,000 per square metre in the two sois respectively.

Chewathai Plc launched its latest condominium project, the Bt950-million Chewathai Residence Thonglor, last month in response to market demand.

“The location is popular with homebuyers, it is in the proximity of Major Ekamai, Gateway Ekamai, J Avenue Thonglor and K Village shopping malls as well as just 500 metres to Camillian Hospital and two kilometres away from Bangkok Hospital,” said managing director Boon Choon Kiat.

Land prices in Thonglor-Ekamai have been rising since 2013 with plots suitable for condominium projects, close to the main road, now costing over Bt2 million per square wah in Thonglor and more than Bt800,000 per square wah in Ekamai.

Driven by high investments in land purchases, the prices of new condominium units have surged to between Bt250,000 and Bt300,000 per square metre in Thonglor and Bt140,000 to Bt180,000 per square metre in Ekamai, according to the Collier survey.

Knight Frank (Thailand) recorded an inventory of 6,112 units, averaging Bt248,000 per square metre in Thonglor as of June 30.

“Thonglor-Ekamai offers high-end living in the city with a wide range of modern facilities such as community malls, spa, fitness, co-working space, art gallery, food restaurants, school, and education centres. Parks can also be found, away from the main sois. It is an ideal location for both Thais and foreign residents,” said Phanom Kanjanathiemthao, managing director of Knight Frank (Thailand).

Living it up in the heart of the city

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Living it up in the heart of the city

Real Estate November 05, 2018 01:00

By SOMLUCK SRIMALEE
THE NATION

THONGLOR-EKAMAI is an upmarket residential area that comes with a high-end lifestyle, said Phanom Kanjanathiemthao, managing director of property agency Knight Frank Thailand Co Ltd.

He said the Thonglor-Ekamai areas has always been one of the top locales, thanks to several supporting factors.

First, it is seated right in the heart of the city with easy access to and from various areas via multiple modes of transportation, from private cars to BTS Skytrain and public buses.

Moreover, the sub-sois criss-crossing the area often lead to the main roads, such as Sukhumvit Road, Rama IV Road, Phetchaburi Road, Si Rat Expressway, Chalong Rat Expressway, Sukhumvit Soi 53 and Sukhumvit Soi 71 (Pridi Banomyong).

When the Grey Line Stage 1 (Watcharaphol-Thonglor) commences service, it will enhance the area’s transport connectivity and further boost the value of the area.

In addition to travel convenience, Thonglor-Ekamai is also known as a neighbourhood that offers a quality urban lifestyle with the presence of community malls, spas, family-oriented fitness centres and gyms, co-working spaces, green areas for recreation, furniture stores, art galleries and home decor stores. The area also plays host to numerous premium international restaurants and trendy cafes. The sub-streets, lined with trees and greenery, impart a sense of ‘slow life’.

For families with children, Thonglor-Ekamai and its neighbouring areas offer a range of educational institutions that meet international standards, including the Wells International School, Ekamai International School, and New Bambino International Kindergarten among others. These schools serve students from nursery to the elementary and secondary levels.

Thonglor-Ekamai is also a short distance from several leading hospitals (Samitivej Sukhumvit, Camillian, Sukhumvit and Petcharavej), all staffed with specialists and other medical professionals available 24 hours a day. Pet hospitals can also be found in the area, including Thonglor Animal Hospital, Ekamai Animal Hospital and the Sukhumvit 49 Veterinary Hospital.

With its ideal location and the full range of premium facilities, Thonglor-Ekamai has attracted both Thai and a large number of foreign residents who enjoy living in the comfort of the city centre, surrounded by excellent facilities and amenities.

For them, this is “home” as it readily offers everything for quality living.

Moreover, demand in the Thonglor-Ekamai area does not seem to stop as seen in the continuous openings of new stores and launches of residential projects.

News Feed

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News Feed

Tourism November 06, 2018 01:00

By The Nation

SOMKID PUSHES FOR MORE CHINESE TOURISTS IN LAST TWO MONTHS

Deputy Prime Minister Somkid Jatusripitak said the government plans to launch a stimulus package this month to boost tourism, hoping to bring back more Chinese tourists following a decline in Chinese visitors after a tragic tour boat accident in Phuket in July.

During his road show in China to boost trade and investment between the two countries, Somkid met with executives of Spring Airline, China’s largest budget airline, in Shanghai on Monday to discuss the tourism industry in Thailand. He said those executives were ready to cooperate with their Thai counterparts to boost Chinese tourism to Thailand.

Somkid said the government has assigned Tourism Authority of Thailand, Thai Airways International and Airports of Thailand to come up with measures to boost tourism in the last two months of this year.

Spring Airlines flies on 194 routes, both domestic and overseas. It flies 1,200 times a month to Thailand, its major destinations being Bangkok, Phuket, Chiang Mai, Surat Thani and Krabi. The airline brings on average about 1 million Chinese visitors to Thailand each year, or about one-fifth of the total number of Chinese visiting Thailand.

Thai Union sales down but net profit edges up in third quarter

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Thai Union sales down but net profit edges up in third quarter

Corporate November 06, 2018 01:00

By THE NATION

Thai Union Group Plc (Thai Union) has reported a 1.9-per-cent year-on-year decline in third-quarter sales, mainly due to the impact of the baht’s appreciation and declining raw material prices.

The company reported net profit of Bt1.31 billion on sales of Bt34.17 billion. However, normalised net profit from operations in the third quarter adjusted for impairments from Edinburgh Salmon Company amounted to Bt420 million, bringing the adjusted net profit to Bt1.7 billion. The net profit margin improved to 5.1 per cent from 4 per cent in the second quarter.

Gross profit improved to Bt5.37 billion quarter on quarter, while the gross profit margin was 15.7 per cent compared to 14 per cent in the second quarter, marking the best gross-profit performance since 2016. Inventories of higher-priced raw materials, particularly in the shrimp business, along with the baht’s appreciation, contributed to ongoing market volatility.

Thai Union’s ambient seafood sales in the third quarter were Bt16.80 billion, up 0.4 per cent year on year. Sales contribution from the frozen and chilled seafood business fell 8.1 per cent year on year to Bt13.03 billion, and PetCare and value-added product sales fell 5.4 per cent to Bt4.33 billion year on year due partly to the baht’s appreciation against the US dollar at 1.2 per cent year on year.

In the first three quarters of 2018, North America contributed 39 per cent of total sales, followed by Europe at 31 per cent, the Thai domestic market at 10 per cent, and other markets at 20 per cent.

Tougher market competition in North America, together with the appreciation of the US dollar, saw the sales of frozen and chilled seafood, particularly shrimp and lobster, decline in value while the volume of the frozen and chilled business also declined by 3.5 per cent in this key region.

However, the China and the Middle East markets continued to grow, with sales contributions improving due to the launch of new products and strong marketing and sales efforts.

The operating profit is Bt1.83 billion, up 33.1 per cent year on year. The stringent cost control prompted one per cent selling, general and administration (SG&A) expenses to decline year on year.

However, the SG&A-to-sales ratio increased slightly to 10.4 per cent in the third quarter, compared to 10.3 per cent in the same period last year due to revenue weakness.

Strong working capital management led to improved earnings before interest, tax, depreciation and amortisation of Bt3.22 billion in the third quarter. Thai Union reduced net debt-to-equity ratio to 1.40 times in the third quarter compared to 1.41 times at the end of the second quarter.

“We increased our gross profit margin and net profit was the best since 2015, resulting from solid operation support, significant operational improvement and stable raw material prices,” said Thiraphong Chansiri, Thai Union’s CEO.

“Thai Union will continue to expand its business portfolio through business diversification while continuing aggressive development of product innovation,” Chansiri added.

Thai Union recently introduced the Thammachart Seafood premium store, The Lobster Lab, at Alibaba’s retail chain Hema in Shanghai. This take-out and sit-down restaurant concept serves live lobsters from North America and meets Chinese consumers’ growing demand for tasty and nutritious seafood.

In Europe, Thai Union’s Marine Ingredients business unit recently commissioned a state of the art fish oil refinery plant in Rostock, Germany to produce high-value refined tuna oil which is high in DHA, one of the key components in infant formula, dietary supplements and clinical nutrition. Completing the “dock to door” tuna oil supply chain is Thai Union’s first step in valorising the whole fish to its full potential, the company said.

At A Glance

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30357938

  • Tops invests Bt100m to secure top position
  • Carrier commences direct Bangkok-Taichung service

At A Glance

Corporate November 06, 2018 01:00

By The Nation

Tops invests Bt100m to secure top position

Central Food Retail, the operator of Central Food Hall and Tops supermarket, welcomes the festive season with a marketing campaign in which it has invested Bt100 million to introduce New Year baskets under the theme of “Gifts That Give Back”.

High-quality products from Thailand and around the world are chosen to create more than 120 New Year baskets, costing from Bt350 to Bt19,500.

Based on sustainable marketing approach, the baskets bring happiness to producers, givers, receivers and the society, in line with consumer trend in supporting local communities.

For the first time, New Year baskets representing the four regions of Thailand are introduced while DIY baskets are available for modern consumers who love the “I am so special” trend, allowing them to mix and match items in the baskets to suit their individualistic lifestyle.

Great discounts and gift vouchers are offered with up to 35 per cent discounts, 20 per cent credit back, and 0 per cent interest rate for participating credit cards. The campaign is expected to generate 15 per cent growth in sales.

Wealth Dynamix opens office in Singapore

Client Lifecycle Management specialists, Wealth Dynamix, is continuing its international expansion with the recent launch of a office in Singapore, following its office openings in New York, Toronto and Zurich earlier this year.

To spearhead the growth of the business across the region, Dominic Gamble is appointed head of Asia Pacific and will be based at the newly opened office in Singapore.

Dominic is a prominent figure in the Asian wealth management market and has over 18 years of experience in the financial services industry, having worked for renowned global private banks including Credit Agricole Indosuez, Credit Suisse and Deutsche Wealth Management.

Dominic most recently founded findaWEALTHMANAGER.com, a leading digital client acquisition platform across the UK and Asia.

In 2017, Prive Technologies acquired the Asia business, and Dominic became their chief digital officer, innovating new adviser tools and leading the Solution Sales division.

Insurer gears up for disruptive era

Muang Thai Life Assurance has unveiled an IT development initiative that encompasses use of the Oracle Enterprise Resource Planning Cloud and Oracle Enterprise Performance Management Cloud.

President and chief executive officer Sara Lamsam said yesteday that this was in preparation for its future in a world of disruptive technology where changes happen rapidly.

It is highly essential for the listed life insurer to keep pace with this constant revolution by adopting new technologies that are able to strengthen its operational efficiency while sustainably expanding business growth, he added.

Moreover, an early effort to prepare for such a future will allow Muang Thai Life to assess the impact of IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts, which are set to become effective before long, Sara said.

Carrier commences direct Bangkok-Taichung service

Thai Vietjet yesteday launched its direct service from Bangkok (Suvarnabumi) to Taichung (Taiwan).

The inaugural flight VZ560 departed Bangkok at 9.00 am and landed safely at 13.45 pm at Taichung Airport in central Taiwan in perfectly fine weather. The same date as the grand opening the Taichung World Flora Expo 2018.

The launch of the new service makes Thai Vietjet the only airline providing direct flights on this route, with five flights weekly on Monday, Wednesday, Friday, Saturday, Sunday.

Started from check-in, passengers were happily greeted by a cute Taiwanese bear mascot at Suvarnabhumi Airport.

The inaugural flight was filled with various entertaining activities to help promote the tourism of Taichung.

Thai Vietjet has teamed up with the Taiwan Tourism Bureau to impress passengers on this flight with in-the-air entertainment of contemporary Chinese live performance, serving complimentary Taiwanese popular bubble tea drinks, and offering complimentary Taichung travel guide.

As the aircraft landed, the passengers and flight crew were warmly welcomed with flower garlands by local government representatives.

Nestle banks on innovation in Indochina

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30357947

Victor Seah, reveals his innovation strategy in which 50 per cent of the company's growth will come from new launches.
Victor Seah, reveals his innovation strategy in which 50 per cent of the company’s growth will come from new launches.

Nestle banks on innovation in Indochina

Corporate November 06, 2018 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

NESTLE INDOCHINA’S new chairman and chief executive officer has set his sights on fine-tuning the food company into a competitive organisation with a balanced portfolio and market contribution in the region.

The company will focus on launching new innovations, particularly with tastier and healthier products, as a key mechanism to ignite business growth. The move is in line with Nestle’s global purpose of “Enhancing Quality of Life and Contributing to a Healthier Future”.

Victor Seah, the new chairman and chief executive officer of Nestle Indochina, who took the reins at the Bangkok office in May this year, said: “We want to be recognised as an innovation company that will continue to offer innovative products and services to consumers in order to drive growth and attract the best talents in the country to come and work for us.”

Before being appointed chairman and CEO of Nestle Indochina, Seah was vice president and regional manager for Southeast Asia based at Nestle’s headquarters in Switzerland.

“In Southeast Asia, we are focusing on five different markets – Malaysia/Singapore as one market, Indonesia, the Philippines, Indochina [which includes Thailand, Myanmar, Cambodia, and Laos], and Vietnam,” he said. Seah said that Nestle separated Vietnam as an independent market about a year ago, in line with the company’s expansion strategy.

“We see big potential for the Southeast Asia market, which has a huge population of more than 625 million. We want to continue to drive growth in Indochina, particularly in Myanmar and Cambodia where the company has posted annual growth of 40 per cent and 25 per cent respectively in sales revenue,” Seah said.

Nestle currently has representative offices in Cambodia and Laos. The company, however, has its own operating company as well as a factory in Myanmar that produces powdered beverages Milo, Nescafe and Bear Brand products.

“We have just launched the Bear Brand enriched malted milk in Myanmar, the first country in the world. Our strategy in Myanmar is to launch four to five different categories at once. This is quite different from the previous sequential launch in other countries, when we introduced our products one after another,” said Seah.

He said that Nestle has five focused categories to start business in Myanmar: Nescafe coffee, Milo, Bear Brand, Lactogen and Cerelac.

“In Southeast Asia, we have two markets – the Philippines and Malaysia/Singapore – which have an established and balanced portfolio of key brands such as Milo, Nescafe, Maggi and Bear Brand,” he said.

“In Thailand, more than 50 per cent of our portfolio is from our Nescafe coffee business,” said Seah.

“My ambition is to grow other product categories to make our portfolio more balanced,” said Seah, adding that this does not mean that the company will take away its focus from the coffee business.

Seah also intends to accelerate growth in liquid products like Milo, Bear Brand and Nescafe ready-to-drink, targeting double-digit growth, while also offering products that fit the fast-growing convenience channel such as ice cream and confectionery. The company will also offer in the long-term healthy ageing products to add life to the years of senior citizens.

Almost 80 per cent of the Nestle’s revenue in Thailand is from locally managed businesses, which are coffee, dairy products, ice cream, confectionary and food.

The rest are from regionally managed businesses, which are Wyeth infant nutrition, Nestle infant nutrition, Pet Care, and Nestle Professional, which is a food service business; and its globally managed businesses comprising Nestle Pure Life and Minere mineral drinking water, Nespresso coffee, Boost and Nutren consumer healthcare products, and a joint venture business of Koko Krunch breakfast cereals.

Seah said that the Thailand market for fast-moving consumer goods is very flat.

“The only way to ignite growth in Thailand is through innovation,” he said. He gave the example of new innovations being launched by Nestle in Thailand, including Nescafe Americano, which was launched in March this year to serve the iced-coffee drinker; Milo three-in-one with less sugar and Nesvita germinated riceberry to serve more health-conscious consumers; as well as the various Nestle ice creams such as Oreo, Mochi and Thai Tea.

The company also will be investing Bt250 million to accelerate Nescafe Dolce Gusto, a coffee capsule system.

“We [Thailand] were the first market in the world to launch three-in-one coffee in 1996,” said Seah.

He added that the line up of new innovations to be launched in Thailand next year would embrace consumer trends in Thailand and in the world such as nitro and cold brew coffee trends.

“We expect about 50 per cent of our growth will be from new launches,” said Seah.

He said that the launch of new innovations, which go beyond just product itself, would also include new business models.

“We launched our new Nescafe Hub at the BTS station in Chidlom in July this year to offer fresh coffee to consumers on the go. The hub will help the company to market the brand, which is relevant to young people, as well as drive a new business model to gain revenue,” said Seah.

“We also launched the new Nescafe Gold Barista coffee machine to reach our office customers so that they can enjoy a Barista-style coffee in their workplace.”