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Krungsri appoints new head of Global Markets Group

Jan 25. 2021Kenichi Nishii

By The Nation

Krungsri (Bank of Ayudhya Plc) has appointed Kenichi Nishii as head of its Global Markets Group, following the retirement of Tak Bunnag, effective from January 1.

Nishii has experience and expertise in the areas of foreign exchange, treasury, investment and global markets, said the bank. Before joining Krungsri, he served as head of Global Markets Asia & Oceania and Treasurer at MUFG Bank (Singapore). With his broad vision, global perspective and international work experiences together with his competency in leveraging strong global network of MUFG Bank, Krungsri said it was confident he will lead its global markets business to “considerable and sustainable success”.

Nishii holds a Bachelor of Arts in Economics from Keio University, Japan and has over 26 years of experience at Mitsubishi Bank and MUFG Bank with international exposure in the US, UK and Singapore.

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CIMB Thai Bank appoints Paul Wong as new president and CEO

Jan 22. 2021Paul Wong Chee Kin

By The Nation

CIMB Thai Bank on Friday announced the appointment of Paul Wong Chee Kin as its president and CEO, effective from February 1.

He succeeds Sutee Losoponkul, who took over as acting president and CEO in September last year following the departure of the previous CEO, Adisorn Sermchaiwong.

Sutee will remain with CIMB Thai and assume the role of adviser to the president and CEO, effective February 1. CIMB Group said the appointments have been approved by the Bank of Thailand.

Wong is currently CIMB’s group chief operations officer, overseeing activities across functions in the areas of payments and digitalisation as well as strategy, customer delivery and process improvements.

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Thai Vietjet ties up with MSIG to provide Covid-19 coverage for domestic fliers

Jan 22. 2021

By The Nation

In a bid to boost travellers’ confidence in safety, Thai Vietjet is cooperating with MSIG Insurance to launch “Trip Easy Plus” travel insurance, which also provides Covid-19 coverage.

The Trip Easy Plus scheme is offered to passengers travelling on the airline’s domestic network. Passengers will be insured for up to Bt1 million, including accident medical expenses and evacuation coverage, loss or damage to baggage, coverage for flight delays, and most importantly, coverage for medical expenses related to Covid-19 infections.

The Covid-19 coverage will last for 30 days from the date of travel with terms and conditions applied.

Apart from Trip Easy Plus, the airline and MSIG are also offering other packages, including Cancer Fix, with the sum insured up to Bt500,000, and Seasonal Disease Insurance, which covers 30 days of hospitalisation and medical expenses for in- and out-patient treatments for seasonal diseases.

These insurance products can be purchased at SkyFUN.vietjetair.com

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CPF raises Bt30 billion as investors lap up debentures

Jan 22. 2021

By The Nation

Charoen Pokphand Foods Pcl (CPF) successfully offered five series of debentures with a tenor of two years to 12 years and coupon rates from 1.75 per cent to 3.80 per cent to retail investors and institutional and/or high net worth investors during the period from January 18-21.

The joint lead arrangers revealed that investors were still looking for debentures with attractive returns, especially those issued and offered by stable and sustainable companies, and CPF debentures tick all the right boxes.

Paisan Chirakitcharern, chief financial officer, said that CPF would like to thank all investors, both retail and institutional and/or high net worth investors, for trusting and showing interest in the debenture issue.

Seeing the response, CPF decided to exercise the greenshoe option — selling more debentures than initially planned — and raised a total of Bt30 billion.

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dtac processed close to 500k OTP SMS in first 9 minutes of Government’s 50:50 program

Jan 21. 2021

By THE NATION

On the request by the industry regulator, National Broadcasting and Telecommunications Commission (NBTC), dtac today shared further information regarding the company’s preparations and execution of operations in connection with the Government’s recent 50:50 program.

“dtac’s IT-systems were 100 percent ready for customers and performed very well on 20 January. The average response time was fast and delivery accuracy was according to our high standards”, said Sharad Mehrotra, CEO of dtac.

Among other things, the data shared in the meeting with NBTC mentioned that dtac’s systems processed close to 500k OTP SMS related to the 50:50 program, before it was closed by the Government at 06.09 am. The final number of eligible seekers will be confirmed later. In total, 1.34 million applicants will be granted the subsidy.

Commenting on the company’s preparations ahead of the event, CEO of dtac said:

“In line with request from NBTC and in order to meet the expectations of our customers, dtac had taken several measures to ready its IT-systems and network for the 50:50 program, including complete end-to-end technical readiness testing with key technology partners to simulate the full scope of the registration as closely to the real process as possible.”

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BJC Big C, SOS collaborate to feed the needy

Jan 21. 2021Left to right: Suree Chooratchareon, assistant vice president of BJC Big C’s Group Corporate Communications division; Vipada Duangratana, deputy chief executive officer, Big C; Scott Chang, Ford Fund for Asia Pacific director; James Leyson, managing director of SOS; Aswin Techajareonvikul, BJC Big C CEO and president; Boonsak Stitmannaithum, senior executive vice president, Logistics Business, Berli Jucker Logistics Company Limited; and Suwajchai Paoprayoon, senior vice president, BJC Move Company Limited.

By THE NATION

BJC Big C and Scholars of Sustenance (SOS) have teamed up

to give away daily food surplus from 20 Big C stores to feed thousands of hungry and needy people in communities around Bangkok and nearby provinces.

Big C is also providing logistical support for collection and depositing of food at BJC Distribution Centre in Chachoengsao for SOS to pick up at the end of each day.

Presiding over the official launch at BJC headquarters were BJC Big C CEO and president Aswin Techajareonvikul, as well as SOS managing director James Leyson and Ford Fund for Asia Pacific director Scott Chang.

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Bangkok school wins challenge to cut down use of plastic

Jan 20. 2021Angela Hunter, country president for Chubb Life Thailand, centre second row, is flanked by Pakpimol Suthammanas, representative of Teach for Thailand, on the left, and Romtham Khumnurak, co-founder of Environman page, on the right, as the present the top prize to students at Bangkok’s Wat Dao Kanong High School.

By The Nation

Chubb Life Assurance recently joined hands with Teach for Thailand Foundation (TFT) to launch its “Say Yes to Less Plastic” competition, in which students were told to come up with sustainable solutions to reduce plastic waste in their school.

Also collaborating as project adviser and judge was Romtham Khumnurak, an environmental columnist known as “Environman”.

More than 200 students from grades 7 to 9 under the TFT network nationwide submitted ideas and received certificates and scholarships worth a total of Bt170,000.

Angela Hunter, country president for Chubb Life Thailand, said: “We also aim to enhance the livelihood of their communities by educating students about the importance of preserving the environment.

“We worked with the Teach for Thailand Foundation to invite students from across their network to develop and present their ideas under the ‘3Rs’ concept: Reducing, Reusing or Recycling, and then apply this concept to plastic waste in their schools.”

The top three winners of the contest were:

• ‘Plastic Sorting and Transforming Machine’, Wat Dao Kanong Secondary School, Bangkok

The proposed solution is to recycle plastic waste by sorting and then transforming into new products that can be used or sold. This project will be expanded to non-profit organisations and nearby communities.

The team was presented with awards, including scholarships, worth Bt130,000 in total.

Chiang Mai’s Samoeng Pittayakhom School wins second place for its ‘Plastic Bottle Broom’ idea.

• ‘Plastic Bottle Broom’, Samoeng Pittayakhom School, Chiang Mai

The idea was to convert plastic bottles into durable brooms that can be used to sweep up leaves in the school grounds as well as at temples and communities.

The students were awarded certificates, Bt30,000 for scholarships and five garbage separating bin sets for the school.

Kanchanaburi’s Huay Kra Jao Pittayakom School wins third place for its ‘Braided Rope from Plastic Bottles’ idea.

• ‘Braided Rope from Plastic Bottles’, Huay Kra Jao Pittayakom School, Kanchanaburi

The idea is to strengthen existing plastic ropes by reducing the size of each strand using an extrusion machine to bind them together. The new ropes will be used by the school as well as given to people in the community.

The students were awarded certificates and Bt10,000 for scholarships.

The proposed solution is to recycle plastic waste by sorting and then transforming it into new products that can be used or sold. This project will be expanded to non-profit organisations and nearby communities.

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Ajinomoto signs MOU to protect against IP infringement on the Internet

Jan 20. 2021

By THE NATION

Ajinomoto Co (Thailand) Ltd has signed a memorandum of understanding with the Department of Intellectual Property under the Department of International Trade Promotion on intellectual property infringement protection on online platforms.

Deputy Prime Minister and Commerce Minister Jurin Laksanawisit presided over the ceremony at the Office of the Permanent Secretary, Commerce Ministry. The MOU was signed by Ajinomoto managing director Varong Prayoonpong.

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Huge demand for GSB grassroots loan scheme

Jan 19. 2021

By The Nation

GSB has granted around 110,000 loans in the first four days of its borrowing scheme for grassroots customers.

The scheme is also open to self-employed customers who took GSB emergency loans last year. They can register for a loan via the MyMo app from January 23.

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BTS Group set to pay dividends to shareholders

Jan 19. 2021

By The Nation

The BTS Group Holdings (BTSG)’s board of directors on Monday decided to approve Bt0.15 per share interim dividend payment based on operating results from April 1 to September 30, 2020 and retained earnings.

The ex-dividend date is set for January 29, with dividends scheduled to be paid on February 16.

BTSG is a privately-owned conglomerate that engages in four business sectors, namely mass transit, media, property and services. Listed on the Stock Exchange of Thailand, BTSG is a constituent member of the SET50 “Bluechip” Index, MSCI Asia Pacific Index, FTSE4Good, Dow Jones Sustainability Indices (DJSI) and one of the largest companies in Thailand.