Strategy ADDS UP to fresh approach

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http://www.nationmultimedia.com/detail/Startup_and_IT/30360460

Strategy ADDS UP to fresh approach

Tech December 15, 2018 11:32

By Asina Pornwasin
THE NATION WEEKEND

2,369 Viewed

Focus on six research pillars is just the start for an innovation plan that aims to spur efforts in commercialisation of R&D

IN A MOVE to drive forward science, technology and innovation in Thailand, the “6-6-10” strategic plan has been announced by the Science and Technology Development Agency (NSTDA).

The strategy focuses on six research pillars, six frontiers of research and 10 technology development groups. The NTSDA will focus its attention on the strategy in collaboration with other organisations and the universities in an effort to make real-life changes and improve the country’s economy, it announced.

The six research pillars include the current five priority research areas supported by NSTDA: bioscience and biotechnology, nano-science and nano-technology, electronics and information technology, material and manufacturing technology, and energy technology. Added to the mix is “agenda-based research” to address the country’s current needs.

The agenda-based research will include  niche research such as dual-use technology, rail and modern transport, medical devices and assistive technology to aid the disabled.

The six frontiers of research include the cutting edge of technological inquiry, and were picked to help address the new 20-year national strategy. They are quantum computing, bionics, nano robotics, terahertz, DNA data storage, and atomic precision bio imaging and plant electric circuits.

Meanwhile, the 10 technology development groups involve the targeted industries with direct and tangible impacts on the country’s economy and competitive advantages. They are biochemicals, cosmeceuticals, biopharmaceuticals, precision medicine, medical devices and implants, food and feed, precision agriculture, mobility and logistics, energy, and dual-use defence.

Narong Sirilertworakul, president of NSTDA, said that to drive the six frontier areas and 10 technology development groups, a national science and technology infrastructure is required as an enabler of science, technology, and innovation research and development.

The specific required national science and technology infrastructure includes the National Biobank Centre, Genome Research Centre of Thailand, Thailand Super Computer Centre, Centre for Cyber-Physical Systems, and Centre for Life Cycle Assessment.

“NSTDA is transforming from the national science and technology development centre into one of the key drivers of the national science, technology, and innovation enablers. With the research and development capability and technology management experience of NSTDA, we are confident that we can support and expand real-world economic impact research, in order to help drive the country’s economy and competitiveness,” said Narong.

The NSTDA aims to create a Bt50 billion economic impact in 2019, which is five times larger than the agency’s R&D spending of Bt10 billion for that year.

In 2018, NSTDA created Bt45 billion worth of science, innovation, and technology R&D impact on the country’s economy, he noted..

Last year alone, NSTDA transferred science, innovation and technology to industry through 261 projects and 335 organisations that created an economic impact of Bt45 billion. It also encouraged Bt14 billion of investments in science, innovation and technology in the services and manufacturing sectors, said Narong.

Chai Wutiwiwatchai, director of the National Electronics and Computer Technology Centre (Nectec) said that in the era of artificial intelligence (AI) and Big Data, the country needs to have a national super-computer centre to support advanced sciences, innovation and technology R&D. Nectec is working on establishing such a centre over the next three years. To be located at the Thailand Science Park, The National Super Computer Centre, will have a budget of about Bt800 million from 2019 to 2021.

Moreover, Chai said, to integrate the power of the researches that Nectec is keen on, there is also the need for a cyber-physical centre that would integrate and combine related research including into sensors, the Internet of Things (IoT) and AI. Part of the national S&T infrastructure, the Cyber-Physical Centre would over the next three years aim to encourage participation of 50 organisations both private and government, as well as educational institutes.

AI a key area

“AI and Big Data is the next big thing, so Nectec also has the Thai People Map and Analytics Platform (TAMAP) with the aim to collect citizens’ data such as ID number, address, and career as well as health, finances and welfare. This citizen data will be used to drive Thailand to information-based policy decision-making,” said Chai.

Moreover, the National Metal and Material Technology Centre under NSTDA recently joined hands with Japan’s New Energy and Industrial Technology Development Organisation (NEDO) and Teijin Nakashima Medical. The latter is a Japanese developer of knee prosthetics. The grouping will co-invest, co-research and co-develop to further improve knee prosthesis targeted to Asian people.

MTEC’s researchers had been transferred R&D knowledge held by NEDO for the design and development of knee prostheses, along with a Bt20-million machine to test durability of prosthetics. As a result, Teijin Nakashima Medical delivered a commercialised product called “Future Knee” to the Japanese market. It can help 200 patients a year.

NSTDA is also involved in helping establish a joint venture company linking a Thai company and Teijin Nakashima Medical. They aim to encourage the local development of advanced medical machines, as well as to be the key mechanism in R&D to drive the industrial supply chain.

Additional, the Electrical and Electronic Products Testing Centre (PTEC) has set up a testing lab for portable-sized batteries of 600 kilowatts. They can boast Daimler and the Thonburi Automotive Assembly Plant as customers. Daimler will invest in developing the battery assembly plant in Thailand, which is scheduled to commence operations in February. The next month, Daimler will send a battery to be tested at PTEC. It is Daimler’s first battery assembly plant in Asean region and the fourth in the world, and is tangible proof that Thailand has entered the electric vehicle industry.

Soaring Internet use and Big Data spur boom in data centres

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http://www.nationmultimedia.com/detail/Startup_and_IT/30360419

Soaring Internet use and Big Data spur boom in data centres

Tech December 15, 2018 01:00

By NOPHAKHUN LIMSAMARNPHUN
THE NATION WEEKEND

6,210 Viewed

Data production in Thailand’s fast-paced digital economy and society is forecast to jump four times over the next three years, resulting in massive demand growth for data storage facilities.

According to Sunita Bottse, managing director of Supernap Thailand, a major data centre provider, the number of Thailand’s mobile device users has reached 46 million out of the country’s 69 million population, while the number of Internet users is currently around 27 million, up 24 per cent from the previous year.

The widespread use of social media platforms, such as Facebook, Line, Twitter and Instagram, coupled with the high growth rate of e-commerce, social commerce and mobile commerce platforms have led to a huge increase in personal and other data needing secured storage facilities to meet regulatory, privacy and other legal requirements.

For example, Thai banks have to be in compliance with the Bank of Thailand’s regulations on data residency and privacy. Bottse said Supernap Thailand’s data centre at Hemaraj Industrial Estate 2 in Chon Buri province is regarded as one of the most secure facilities in Asean and meets the so-called Tier IV design and operation standards.

The joint venture between Supernap International and Thai partners has already seen about US$100 million (Bt3.28 trillion) invested in the first stage of its Thai facility. Another $300 million is earmarked for further expansion in Thailand, where the current facility has a total land area of 120,000 square metres.

The first-stage facility has two data halls with a combined capacity of 20-megawatts built on an area of 21,000 square metres. The power capacity is equivalent to the electricity used by 6,000 households.

Supernap holds many patents for co-location data centre designs and mission critical operations, including those for dual independent roofs to withstand up to 322 km/h winds and seven layers of physical security surveillance.

One of the most advanced facilities in Asean As one of the most advanced facilities in Asean countries, it is served by eight neutral carriers for global high-speed connectivity required by enterprises in the digital economy as well as by electronic government and other public services.

Bottse said Supernap Thailand aims to tap the data storage demand in the Eastern Economic Corridor (EEC), which covers Chon Buri, Rayong and Chachoengsao, where the government has been offering tax and other incentives for foreign and Thai investors to launch digital and other new technology ventures.

Previously, Japanese and other foreign investors were worried about flooding in some areas of Thailand, so Supernap Thailand chose its site in Chon Buri at 110 metres above sea level. High-security data centres also have to ensure that there is no downtime of the facilities, which need power redundancy and other features to meet the Tier IV standards.

Since its opening in the last quarter of 2017, Supernap Thailand has acquired clients for half of its capacity with the remaining leases expected to be sold out in two years.

The Thailand 4.0 initiative has led to a rapid growth of the digital economy along with more use of Internet of Things (IoT) and artificial intelligence (AI) in various sectors, especially banking, insurance and other financial services.

For example, many Thai banks have moved their customers to mobile platforms and provide pre-approval on mortgage and other loan requests online, resulting in the use of analytic and massive personal data storage.

The market for data storage has expanded 30 per cent over the past year alone, with a hybrid cloud-based model emerging as a preferred choice for on- and off-premise facilities.

For banks, some data are stored on premises, while non-core applications are stored on the cloud service. Supernap Thailand has a number of cloud partners, including AWS and Azure.

According to Thai law, some primary banking and other data cannot be stored outside Thailand.

The distributed passion of a crypto pioneer Insom

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http://www.nationmultimedia.com/detail/Startup_and_IT/30360447

Sub-lieutenant Poramin Insom
Sub-lieutenant Poramin Insom

The distributed passion of a crypto pioneer Insom

Tech December 15, 2018 01:00

By Jintana Panyaarvudh
The Nation Weekend

2,989 Viewed

A passion for cryptocurrency and blockchain advanced technology drove Sub-lieutenant Poramin Insom to quit his job three years ago at the Royal Thai Armed Forces, where he was in charge of cyberwarfare, to pursue his dream of creating a practical real-life use for digital assets.

Poramin, the founder and chief executive officer of Satang Corporation, is one of the pioneers in the cryptocurrency business in Thailand. He first got involved with the virtual currency while he was a student in the Security Informatics Master’s programme at Johns Hopkins University in 2014.

Poramin created Vertcoin, which became the world’s fourth-most valuable cryptocurrency in February 2014, reaching a US$20-million market cap within a week of its launch. Not long before, the bitcoin price had hit $1,300, attracting his attention and leading him to explore how he could participate in the technology.

“When cryptocurrency and blockchain were getting to be known more by Thai people, it was a good opportunity for me to follow my dream,” Poramin told The Nation Weekend in an interview.

The 30-year-old entrepreneur is also the world’s first person to implement stealth addresses in QT-Wallets, improving cryptocurrency anonymity.

As a blockchain enthusiast, he wanted to work in the blockchain development field after graduating in the US. However, there were few jobs at the time that centred on blockchain development.

Undaunted, he returned to his hometown and pursued a far more challenging ambition – launching his own company to develop blockchain technology for Thailand.

“It’s not just about money, it’s about something that I learnt at Johns Hopkins and that can help my country to become a leader in the blockchain industry,” Poramin once said on his company’s website http://www.zcoin.io.

However, at the time he came back to Thailand, the junta government was focussed on cyberwarfare and so Poramin applied for a job as a military officer IT expert in the cyberwarfare department.

At the beginning, Sub-lieutenant Poramin was excited about doing his duty as a cyberwarfare analyst.

In the event of malware breaching cybersecurity systems, it was his job to find out where it came from, how and when the attack took place, and who had released the bug. But over time he got bored with the emphasis on paperwork.

New direction

Poramin quit and in 2016 developed Zcoin, an open source, decentralised coin that focuses on achieving financial privacy for its users while they are transacting on blockchain. The approach was intended to ensure the egalitarian distribution of its coins.

With a claim to fame of having been created by a Thai citizen,  Zcoin is among the top 100 of its kind, according to market capitalisation. It pioneered the use of the “Zerocoin” protocol, which uses zero-knowledge proofs in its privacy scheme to break transaction links between transactions. It was also the first to go live with the “Dandelion” protocol, which hides the originating IP of a sender without the use of TOR or VPNs.

Zcoin has been live since September 2016 and is traded on the world’s top cryptocurrency exchanges, such as Binance, Bittrex and Huobi.

It now trades at Bt160, down from its peak of Bt5,000 per coin, according to its creator.

In 2017, Poramin founded Satang, a financial services company, with Bt50 million in registered capital.

The company was founded with an aim to become the go-to digital asset service provider. Operating within the existing legal framework, it is highly trustworthy, says Poramin, and adheres to international security standards.

The current service from Satang provides an exchange market for trading cryptocurrency on Satang Pro, formerly known as TDAX.

Among five exchanges in Thailand, TDAX is the second largest with daily trade volumes of cryptocurrencies estimated at Bt100 million and about 30,000 investors trading daily, he said.

So far, 18 cryptocurrencies are kept on the trading market but only five currencies are trading, according to the CEO.

With the aim to encourage people to use more cryptocurrency in their daily lives, Satang plans to launch Satang App and Satang Shop next year to help facilitate people in using the coins to sell or buy goods online, Poramin added.

Satang App is an e-wallet that would allow consumers to make payments via PromptPay infrastructure.

Satang Shop is an online shop that enables cryptocurrency payments.

Both features will enable e-commerce vendors to accept cryptocurrencies, and online buyers to pay with them. And using it is simple, involving registering as a member, Poramin said.

If the vendors are confident in the value of the coins they could keep them for as long as they want or they could convert cryptocurrencies into cash through Satang Pro, he said.

“Our goal is to make 3 per cent of the total Thai population, or 2 million people, use digital coins in their real lives. I want them to spend it to buy goods or products, not just use it for speculation,” he said.

Poramin also plans to launch asset-backed cryptocurrencies in the future.

The value of coins now depends on supply and demand but if the coins have assets backing them up – for example, a condominium – it will attract more people to own them as it would be more reliable than just speculation, he explained.

Taking the technology further

In addition to cryptocurrency, Poramin is passionate about blockchain, an open, distributed ledger that can efficiently record transactions between two parties and in a verifiable and permanent way.

His thesis at Johns Hopkins was about how blockchain could be used for money transfers in which the identities of the sender and the recipients would not be known to people outside the transaction, nor would efforts to trace the transfer be possible.

His technology was different to that of the “digital gold” bitcoin, a decentralised digital currency without a central bank or single administrator. That currency can be sent user-to-user on the peer-to-peer bitcoin network without the need for intermediaries, and people can still know who is involved in the transactions.

Poramin was a key player in the recent introduction of blockchain in Thai politics, when the Democrat Party’s leader was for the first time chosen in a primary election involving more than 120,000 voters.

Due to distrust among the party’s candidates, Poramin last month helped the Democrats tap the potential of this new technology, which offers increased transparency along with other benefits.

The party’s primary vote for its leader utilised the Zcoin blockchain, also marking Thailand’s first large-scale electronic voting with two sets of data involved: identification documents and vote tallies, he explained.

In his view, Thailand has the potential to utilise the advanced technology in a national election. It would be possible to see it implemented in the next few years, if pressure by voters and candidates increased.

He said election organisers could develop electronic-voting machines and use blockchain to store the voting data.

“I believe we’ve achieved a huge milestone in our country’s political history and hope other political parties or even governments, not just in Thailand but elsewhere in the region, can look to using blockchain technology in enabling large scale e-voting,” Poramin said.

True Group offers first look at 5G network

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http://www.nationmultimedia.com/detail/Startup_and_IT/30360397

Vichaow
Vichaow

True Group offers first look at 5G network

Tech December 14, 2018 16:09

By The Nation

True Group is offering Thais an opportunity to experience 5G network performance in a real-world environment for the first time in the country at its “True 5G Digital Thailand, The 1st Showcase Powered by TrueMove H” event.

The event will be held from Friday to December 31 at True Branding Shop ICONSIAM, the company said in a press release issued on Friday.

Vichaow Rakphongphairoj, True Corporation president, said: “TrueMove H, in partnership with our global partners including leading manufacturers of telecommunication devices, has succeeded in developing and demonstrating continuous trials of 5G technology since late 2017. “Currently, TrueMove H was granted permission from the NBTC to undergo a demonstration of our 5G technology using the 28-GHz spectrum which is considered an important stepping stone in connecting Thais to the digital world, changing people’s daily lifestyles and, most importantly, revolutionising industrial operations through a more concrete and sustainable approach.

As the leading mobile network provider in Thailand, TrueMove H operates diverse frequencies, ranging from 850/900/1800 to 2100 MHz.”

“We strongly believe that we are ready to lead the Thai people towards a complete digital lifestyle in the 5G era through our demonstration of 5G performance in a real-world environment at this event,” he added.

“We aim at convincing people that this event is the ‘Bestination’ that provides the best opportunity for everyone to learn and experience our various advanced technologies that meet all types of interests and content ranging from entertainment, sports, model cities and future transport systems as well as robotic and automated technologies, which are expected to reshape Thai people’s lifestyles and revolutionize future operation systems.”

Dell brings innovative consumer PCs for power seeking, content-loving users

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Startup_and_IT/30360395

Dell brings innovative consumer PCs for power seeking, content-loving users

Tech December 14, 2018 15:13

By The Nation

Dell announces innovative devices that elevate the computing experience for the everyday consumer and mobile professional.

The enhanced Inspiron laptops and 2-in-1s are built with a combination of beautiful designs, superior materials and top performance dedicated to deliver a device for every function and user, Dell said in a press statement.

Dell’s commitment to thoughtful design and truly immersive cinematic experiences on the PC continues with this generation of products. Launched at CES 2018, Dell Cinema is the combination of several cutting-edge technologies all working in concert to give the viewer an immersive, captivating experience on their PCs. Dell Cinema is available across the new Inspiron products.

Every Dell Consumer PC also comes with Dell Mobile Connect , which allows users wireless access to their smartphones on their Dell PCs. The software brings a new level of smartphone-to-PC integration beyond text messages and phone calls to include integration with Android and iOS apps notifications, such as WhatsApp messages, calendar reminders and more.

“We pride ourselves in always bringing the latest innovation to consumers and iterating when new advancements are made available and we are very excited with the updated design, cinematic experiences and better performance that our new Inspiron 5000 laptops will bring for them,” said Anothai Wettayakorn, Vice President, Dell EMC Indo-china. “Consumers today want products that are easy to set up and ready to use once it is out of the box. They want to create and share content between devices regardless of operating system or form factor with ease. At Dell, we strive to help customers interact with what matters most to them to meet the performance needs of today and tomorrow.”

Inspiron 5000 2-in-1s and laptops – flexibility and function at incredible value

The Inspiron 14 5000 2-in-1 (5482) boasts many of the top line enhancements of the 7000 series, including thermal routing and narrow borders. This product offers new Intel 8th Generation U Series processors, choice, flexibility and value to fit the varied needs of today’s consumers. It also includes a USB Type-C port with power delivery and display support, for the first time standard in the Inspiron 5000 series, and an optional NVIDIA® GeForce® MX130 discrete graphics card.

The new Inspiron 14-inch laptop (5480) is available in silver color and a three-sided narrow border completes the stylish look. A USB Type-C port provides power delivery and display support, and an optional fingerprint reader is available on the power button. This product boasts a wealth of features, such as storage options including SSDs and dual drives, optional discrete graphics up to NVIDIA® GeForce® MX150 Graphics, and an optional backlit keyboard.

Pricing & Availability

The new Inspiron systems are now available through Dell and its authorized partners:

No Product Pricing (BHT) Availability 
1 Inspiron 14 5000 (5480) – Core™ i5 30,990 Available now
2 Inspiron 14 5000 (5480) – Core™ i7 33,990
3 Inspiron 14 5000 (5482) 2-in-1 – Core™ i5 36,990
4 Inspiron 14 5000 (5482) 2-in-1 – Core™ i7 40,990

Asia Pacific a hotbed of property technology innovation

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30360495

Asia Pacific a hotbed of property technology innovation

Real Estate December 17, 2018 01:00

By SOMLUCK SRIMALEE
The Nation

PROPTECH IS a new business model for Asian countries as property firms realise they need to innovate more to drive their business growth for the long term.

According to the JLL report, “The Growing Influence of Proptech” China has the most market potential in Asia.

The term “proptech” refers to the use of technology as a solution to challenges in the real estate sector. It has witnessed rapid adoption around the world, but most particularly in Asia Pacific.

Released early this year, the JLL report found that the 179 proptech startups in Asia Pacific had raised US$4.8 billion (Bt160 billion) of the US$7.8 billion (Bt255 billion) invested globally from 2013 to 2017. These flows can only increase to match the growing demand for property in Asia Pacific, the study reported.

China and India are the two most dynamic markets for proptech across the region, but other regions including Southeast Asia, Northeast Asia, and Australasia, are catching up rapidly.

Despite Mainland China having only 23 of the 179 proptech startups in Asia Pacific, it received nearly 60 per cent of Asia Pacific’s proptech funding between 2012 and June 2017.

Of the top 10 funded proptech companies globally between 2011 and 2015, the top two were Chinese: Fangdd, a real estate platform connecting property sellers to home buyers, and Aiwujiwu, a Chinese rental and second-home listings portal.

India has the largest number of funded proptech startups at 77.

Brokerage and leasing dominates India’s proptech scene. It is estimated that the country’s middle class make up almost half of its total population, and are among the highest-consuming middle class groups in the world.

India’s housing.com, a real estate search portal, placed No 6 in a list of the world’s top 10 funded proptech companies.

Singapore also is fast becoming the regional HQ for tech startups, the report said.

Branded the “smart nation”, Singapore was recently awarded top ranking in Asia in JLL’s “Global Real Estate Transparency Index”.

“The proptech sector is growing fast, especially in Asia, though adoption is still relatively low compared to North America and Europe,” noted the index.

South Korea is also mentioned there as a proptech laggard, with one of the main causes being identified as a failure to “connect the dots” on how proptech can help in the drive for better buildings and better cities.

South Korea is just starting to understand the global “smart and sustainable city” trends, and is expected to become a stronger player in the proptech space.

Asia currently has 12 companies seen as being among the world’s most notable proptech companies.

Five of the 12 are from China, including Qfang with annual sales of over US$32 billion a year; Anjuke, Mofang Gongyu with $500 million raised in disclosed funding so far; FangDD with $312.1 million in disclosed funding; and Lianjia with US$1 billion in disclosed funding.

Malaysia has two in the top 12: iProperty.com, and Common Ground, with the latter having raised $20 million in a funding round earlier this year. Singapore has PropertyGuru Group, which has raised $175 million in disclosed funding so far.

Philippines has one proptech, Revolution Precrafted, which has bagged contracts worth over $7 billion in different international markets.

HomeLane in India has raised $68 million in disclosed funding.

EV Hive is an Indonesia proptech with $24.3 million in disclosed funding so far.

Finally, Campfire Collaborative Spaces in Hong Kong has so far raised $24 million in disclosed funding.

Property firms turn to apps in proactive digital moves

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http://www.nationmultimedia.com/detail/Real_Estate/30360494

Property firms turn to apps in proactive digital moves

Real Estate December 17, 2018 01:00

By   SOMLUCK SRIMALEE
THE NATION

LISTED PROPERTY firms are joining in the digital transformation by expanding their investment in developing their own technologies to meet the demands of the customers of their residential projects.

Property firms have since 2017 launched joint ventures with venture capitalists to develop “proptech”.

Sansiri Plc and Ananda Development Plc were the first two local property firms to introduce proptech venture capital to expand their investment in startups, as they sought their own technologies to serve customer demand.

Other property firms then launched a new business model, expanding their investments in startups to develop innovations that serve their business. Though companies call use various labels for the new approach, the main idea is develop applications that provide additional services to serve their customer’s demands. The services are offered to their customers after the residential projects are transferred to them. This also creates a source of recurring income for the property firms.

“We believe in technology that changes the way to do our business,” said Sansiri Plc’s president Srettha Thavisin in an earlier interview with The Nation. “Although the main factor in being a property developer is to develop quality residential for our customers, we also have to provide more after-sale services for our customers. [That’s ] because their residence is not only a building, it is our customer’s life.”

With the digital disruption of all business sectors, Srettha believed saw the potential to use digital in its business by creating a new business model. It would use digital to facilitate its buildings, and in the process differentiate the company from other property firms in its market.

Thus Sansiri Ventures Co Ltd, a joint venture firm between Sansiri Plc and Siam Commercial Bank, was established in 2017 to expand investment in startup businesses in order to develop technology to serve the property industry.

Since then, Siri Ventures Co Ltd has invested Bt300 million in startup businesses in both Thailand and overseas, and plans to spend another Bt600 million in 2019. This is apart of its three-year plan to invest Bt1.5 billion between 2017 and 2020.

Jirapat Janjerrdsak, chief technology officer at Siri Ventures, says the company plans to invest the Bt600 million in six startups next year. The firm will also explore a new Asean ecosystem partnership targeting Singapore by optimising local engagement in order to create sustainable partnerships.

The firm will set up the Siri Ventures Private PropTech Sandbox in order to provide various aids, including mentorship and insight from various business units, grants, lab rooms, networking opportunities and smart devices. It will also provide a co-working space to support startups in the areas of PropTech, living tech, ConTech, health and wellness tech and sustainability next year.

The firm moreover will utilise technology and develop innovations and solutions to support good health and well-being designed for an ageing society, green energy, sustainable cities and communities, and climate action. The aim is to create benefits for Sansiri’s customers and investors.

For its part, Ananda Development Plc has created Ananda Urban Tech to expand its investment in startups and innovative businesses. Chanond Ruangkritya, the company’s CEO, believes that the next step for a property developer is as a service provider, finding the services that match with customer demand and meet the needs of different lifestyles.

“Technological advancement will gather speed in the next five to 10 years, and will play a greater role in revolutionsing many aspects of the property industry from the construction process to the enhancement of urban living,” said Chanond.

“The company will keep adjusting to keep pace with technological disruption.”

Last year, Ananda announced a plan to become an UrbanTech company as part of its strategy to deliver urban living solutions to customers, he said in an earlier interview. It has also partnered with promising tech startups to provide innovative services to its condominium customers.

Meanwhile, Origin Property Plc has also set up Primo Service Solution Co Ltd, an arm for investment and collaborate with startup as the company develops its “digital butler service” and others applications, along with artificial intelligence to serve its customers. It also wants to provide the service to other property firms.

“We believe in innovations and technology that will change the business model of property firms from property development to providing services offering smart living solutions,” said Origin’s chief executive Peerapong Jaroon-Ek in a recent interview with The Nation.

“Investment in technology – that is the way to create our differentiation from other property firms in the market.”

SC Asset Corporation has established a new investment arm for startups and technology. Called SC Urban Co Ltd, it has invested in Fixzy Co, a startup firm that provides home renovation and repair services through the “Fixzy” application.

“Our business strategy is to be the living-solution provider,” said SC Asset’s CEO, Nuttaphong Kunakornwong, recently. “As a result, we established a proptech firm, SC Urban Co Ltd, for investments or joint ventures with startups to develop technology and applications to service our customers after they have bought our residential projects.”

Like Peerapong at Origin, Nuttaphong sees technology as the means to create services that differentiate the company from its competitors.

“We will also l allocate a 1,500-square-metre space on the 14th floor of Shinawatra Tower Three as a co-working centre for application development and big-data management, aimed at creating innovative products to meet the demands of homebuyers,” Nuttaphong said. The co-working centre will open in the first half of next year.

He added that SC’s business landscape would change to ensure sustainable growth, and investments in research and development and innovations and technology would drive that change.

“SC will become a ‘living solutions provider’ to blend innovations with our residential projects in response to the evolving lifestyle of residents now and in the future.”

Anthony Couse, CEO of JLL Asia Pacific, noted that though real-estate had been viewed as a traditional business, the time was right to embrace technology, digitisation and collaboration.

“We’re taking an agile approach to technology that will allow us to meet our clients’ needs today while preparing for the opportunities of tomorrow,” he said.

“We believe in big corporations being part of the larger tech ecosystem, engaging with the startup scene and academic researchers, and learning from entrepreneurs and innovators,” said Couse.

“Proptech is an opportunity for us all to work together, and that’s really exciting.” Proptech has been described as a burgeoning new sector whereby technology solutions are used to solve real-estate problems.

Prices to make you Smile

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http://www.nationmultimedia.com/detail/Tourism/30360551

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Prices to make you Smile

Breaking News December 17, 2018 11:02

By The Nation

Thai Smile Airways continues to delight passengers with the launch of its “Year-End Big Surprise” promotion.

Prices for domestic routes start at Bt990 per person per trip and routes to Zhengzhou, Chongqing and Changsha in China start from Bt2,900 per person per trip. Prices are all inclusive but conditions apply.

Reservations must be made before December 31 for travel through March 31 at www.ThaiSmileAir.com, through the Call Centre at 1181 or (02) 118 8888, the Smile Service Centre and Smile Agents nationwide.

Gulf Energy prepares for debentures sale

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http://www.nationmultimedia.com/detail/Corporate/30360553

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Gulf Energy prepares for debentures sale

Breaking News December 17, 2018 11:29

By The Nation

Gulf Energy Development Plc has appointed Bangkok Bank, Kasikornbank and Siam Commercial banks as underwriters for the sale of Bt10 billion worth of its debentures.

The company has already applied to the Securities and Exchange Commission and expects the sale to proceed in January.

Gulf Energy will spend the revenue earned in the sale on expansion in 2019 and 2020, senior executive vice president and chief financial officer Smith Banomyong said on Monday.

WPP, Thompson link to form global agency Wunderman Thompson

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http://www.nationmultimedia.com/detail/Corporate/30360552

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WPP, Thompson link to form global agency Wunderman Thompson

Corporate December 17, 2018 11:15

By The Nation

WPP announced on Monday that Wunderman and J Walter Thompson are together forming Wunderman Thompson, a creative, data and technology agency designed to inspire growth for its clients.

The new organisation will provide end-to-end solutions on a global scale through creative, data, commerce, consulting and technology services.

Wunderman and Thompson share many core clients that will now have easier access to the expertise of both.

As technology reshapes marketing, Wunderman Thompson will also capitalise on close and long-standing partnerships with Adobe, Amazon, Google, IBM, Microsoft, Salesforce and SAP.

The new agency will be led by Global Chief Executive Officer Mel Edwards, who is currently Global CEO of Wunderman.

Tamara Ingram, CEO of J Walter Thompson, will be Chairman.