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International Coaching Federation shares ideas on human resources amid virus crisis

Nov 06. 2020

By The Nation

The International Coaching Federation (ICF)’s Bangkok branch has proposed an agenda for national leaders, teachers and parents, to develop human resources that would boost Thailand’s push to become a top “S-Curve industry” country.

Ramida Russell Maneesatiean

The agenda was delivered last week at “Coaching DNA of Leaders”, an event organised by Bangkok’s ICF president Wittawat Kasemwut and presided over by Ramida Russell Maneesatiean, ICC International president and ICF committee member.

Jean-Francois Cousin

Jean-Francois Cousin, a world-renowned coach from ICF Professional Coach Global Board, described changing global trends in coaching as the world focuses on development from the youth level.

Cousin shared interesting coaching developments, such as giving children the opportunity to experiment freely to draw out their potential while adults keep watch from afar. He cited the example of Ray Charles, a blind musician-songwriter whose mother did not reach out to help while her sightless son wept for help, training him instead to learn how to survive by himself.

Chatchai Norasetthaporn, senior executive vice president of Sustainable Development at Central Group, said building leaders within companies by adopting coaching methods will play an important role in driving Thai education. He pointed out that the new national education strategy calls for teachers to be coaches. Teachers must change their methods to help students get involved in learning, he added.

Prasarn Trairatworakul, adviser of Central Group, said that old methods of education were no longer suited to the demands of the current era. The National Strategic Planning Committee had asked the Education Ministry to adjust the role of teachers towards coaching, and organised coaching training for teachers in schools. He said most teachers don’t know what a coach is, but after training they at least understand the culture and value of coaching. In today’s fast-changing world, teachers had to act as directors by engaging students in thinking, he added.

Lukkana WorasilchaiiLukkana Worasilchai, vice-rector of Bangkok University, said the Thai government still needs to improve education if Thailand wants to step up to become an S-Curve industry country. It should discuss learning based on the competencies and skills of the learner. What learners need is an ecosystem of education, a goal-oriented study plan, and a career-planning expert. Education should be characterised by lifelong learning, not requiring children to complete their studies within a time limit. Studying has to be a real experiment with a compact lesson for specific interests (“micro-learning”).

Pimonrat Reephattanavijitkul, executive vice president, Head of Human Resources at Charoen Pokphand Foods (CPF), said that CPF is a company with huge human resources – 120,000 people worldwide, 75,000 people alone in Thailand. Everything must proceed systematically. Adopting coaching methods helps a lot. Seniors must relearn and be open to new generations, drawing the power of these two groups for further development, she said, adding that coaching is very important. “We have a system of change by giving new graduates a chance to become a ‘boss’ to do real business with real funds and P&L to work with.” New graduates are given freedom to make decisions. A coaching process is guided by supporters [seniors], but they do not direct nor instruct since this would mean reverting to old paradigms.

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Banpu NEXT, Tribeca Enterprise sign solar-energy deal for LK-Rich in Rayong

Nov 06. 2020

By The NationBanpu NEXT, a Banpu subsidiary and leading clean energy solution provider in Asia-Pacific, signed a pact with Tribeca Enterprise on Friday to set up a floating solar panel with a total capacity of 16 megawatts.

Tribeca is the developer of the LK Rubber Industrial City Hub (LK-Rich) in Rayong.

The solar energy set-up, the largest privately-owned development of its kind in Thailand, will power up LK-Rich and support its endeavour to become an eco-industrial town. The installation of the panel is scheduled to begin in February.

Somruedee Chaimongkol, chief executive officer of Banpu Pcl and Banpu NEXT, said the floating panel will be set up in a reservoir covering more than 4 million square metres.

Dr Luckchai Kittipol, chief executive officer of Tribeca, said: “Tribeca Enterprise has a vision to develop LK-Rich as the hub of the rubber industry where processed rubber is turned into value-added products, such as tyres and auto parts, as well as an eco-industrial estate where tenants, their employees and surrounding communities can lead a good quality of life.

“We aspire to be a hi-tech industrial estate that adopts advanced technology to assure high quality products using minimal time.”

He said this will require high energy, which is why Tribeca has been exploring opportunities to bring clean energy to LK-Rich.

“The installation work will begin in February, with completion planned within the same year,” he added. “Once operational, this solar floating panel will play a key role in boosting our energy efficiency. With the 20-year contract, we will be able to save more than Bt200 million in electricity cost, reduce pollution and bring added value to LK-Rich and its tenants,” Luckchai said.

“We plan to expand this industrial estate with an additional 3,000-rai development for S-curve industries. This clean energy project and our positioning as a high-tech industrial estate will help bring Thai and foreign investors to LK-Rich.”

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Aspen Technology Delivers New Industrial AI Solutions to Accelerate the Journey to the Self-Optimizing Plant

Nov 05. 2020

 Aspen Hybrid Models™ and Embedded AI Capabilities Will Change How Process Industries Achieve Goals for Improved Safety, Environmental Impact, Reliability and Profitability

Bangkok – October 27, 2020 – Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced the general availability of the aspenONE® V12 software release, which embeds artificial intelligence (AI) across the portfolio, and uses the cloud for delivery of enterprise-wide analytics and insights for increased safety, sustainability, and improved margins. AspenTech’s Industrial AI solutions democratize the application of AI where it can deliver most value and is a vital step towards the Self-Optimizing Plant.

“Aspen Hybrid Models™ are a major advance in the field of chemical engineering. Hybrid models are a major step forward in bringing together AspenTech’s process models and machine learning and are a game changer in process engineering and plant improvement,” said Dr. Karuna Potdar, Vice President, Technology Centre of Excellence, Reliance Industries Limited.

aspenONE® V12 solutions have the first Industrial AI hybrid model capability that is purpose-built for the process industries and other capital-intensive industries. Aspen Hybrid Models™ capture data from assets across the enterprise, and then apply AI, engineering first principles and AspenTech’s domain expertise to deliver comprehensive, more accurate models at enterprise speed and scale. With AspenTech’s four decades of knowledge about the unique challenges of building solutions for process industries and other capital-intensive industries, aspenONE® V12 enables customers to apply AI to critical processes without additional data science expertise and offers better support for new users without deep process knowledge or experience.

The process industries have embraced digital transformation to drive operational excellence and innovation as they respond to meet the needs of growing populations and expectations for sustainability. The new solutions in aspenONE® V12 address these unique challenges with better modeling accuracy, greater insights and improved total cost of ownership that can support evolving business needs and take advantage of the new digital native workforce.

“The process industries and other capital-intensive industries are experiencing new levels of volatility in supply and demand, and the need to be agile in response to all market conditions requires a new approach to asset optimization,” said Antonio Pietri, President and CEO, Aspen Technology. “In addition, they face higher expectations for efficiency and profitability, and increasing pressure to meet sustainability targets. This next generation of Industrial AI solutions will change how process industries work. The Self-Optimizing Plant represents the future of operational excellence, and we continue our commitment to innovate and deliver solutions that can accelerate our customers’ journey toward it.”

According to Peter Reynolds, Senior Analyst, ARC Advisory Group, “AI has the potential to enhance many industrial work processes; however, most companies are not well-equipped to bolt on AI themselves. AspenTech’s industry-specific applications with embedded AI will help companies accelerate transformation. While other technology strategies require asset owners to invest in complex platforms and data scientists, with embedded AI, users can get started right away improving margins and profitability.”

Francesco Mura, Digital Platform Manager, Process and Technology for Saras, sees the advantage for updating planning models. “Aspen Hybrid Models™ provide very efficient nonlinear planning model generation, taking information from Aspen HYSYS rigorous refining reactor models and offering a great deal of promise as a new approach for updating planning models.”

New Features of aspenONE® V12 software include:

• Aspen Maestro™ – new capability for Aspen DMC3TM and Aspen Mtell®which automates the development of better models faster by guiding a less experienced user on how to build aparticular model or agent.
• Aspen Deep-Learning IQ™ – enables the building of more accurate models and predictions.
• Aspen Verify™ for Planning – uses AI to capture knowledge and check against plan to prevent costly mistakes.
• Aspen Multi-Case™ – easily runs thousands of simulations cases concurrently, on-premise or in the cloud, allowing a more complete analysis so results can be used to navigate operational complexity and make more accurate decisions faster.
• Aspen Event Analytics™ – provides rapid insight into production events. Fast, easy investigation of unexpected production events accelerates corrective action decision-making. Monitors and detects real-time events to enable rapid early intervention.
• Aspen MES Collaborative™– delivers the connected enterprise. Aggregates data with an enterprise-level historian and connects small sites to eliminate stranded data.
• Aspen Cloud Connect™– provides flexible connectivity with high performance and security to transfer data from edge to cloud.
• Aspen Capital Cost Estimator Insights™(ACCE) – streamlines the user experience with out-of-the-box integration with ACCE and Aspen Enterprise Insights to provide visualization and collaborative workflow within a hybrid cloud environment.

To learn more, visit our website.

Supporting Resources:

Aspen Hybrid Models™:

• White paper: Hybrid Modeling: AI and Domain Expertise Combine to Optimize Assets
• Website: Aspen Hybrid Models™

Aspen Maestro for Mtell™:

• Video: Aspen Maestro™

Self-Optimizing Plant:

• Executive brief: The Self-Optimizing Plant: A New Era in Autonomy, Powered by Industrial AI
• Website: The Self-Optimizing Plant

About Aspen Technology

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

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Krungsri-MUFG virtual business-matching event breaks record with more than 300 matches

Nov 05. 2020Pornsanong Tuchinda, left, Krungsri head of Commercial Banking, and Yoshiyuki Horio, Krungsri head of Japanese Corporate and Multinational Banking. 

By The Nation

Krungsri (Bank of Ayudhya) recently joined forces with Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group, and one of the world’s largest financial groups, to organise the Krungsri-MUFG Virtual Business Matching Fair 2020. Krungsri’s eighth international business match-making event went online for the first time, attracting over 200 entrepreneurs and companies from Thailand, Asean and Japan, as well as regional organisations and MUFG partner banks.

The result was a record success rate of more than 300 matches.

In addition, Krungsri and MUFG provided online advice to support commercial customers and enhance their foreign business opportunities.

The business matching fair leveraged Krungsri’s local strength and MUFG’s extensive network to offer international solutions for commercial customers at a time of Covid-19 travel restrictions, said Pornsanong Tuchinda, Krungsri head of Commercial Banking.

Said Yoshiyuki Horio, Krungsri head of Japanese Corporate and Multinational Banking: “[The fair] had more than 200 participants consisting of entrepreneurs, buyers and sellers from Thailand, Japan and Asean countries, including the Philippines, Vietnam, Myanmar, and new joiner Indonesia. Meanwhile, Hong Kong also participated for the first time this year. Offering investment advice were four major international investment agencies – the Japan External Trade Organisation (JETRO-Bangkok), Yokohama Industrial Development Corp, Tokyo SME Support Center, and Aichi Prefecture ¬– along with five partner banks of MUFG – Krungsri Laos, Myanmar’s Co-operative Bank, Vietnam’s VietinBank, the Philippines’ Security Bank, and Bank Danamon Indonesia.”

The Krungsri-MUFG Virtual Business Matching Fair 2020 covered various sectors, ranging from consumer products, home furnishing materials and medical devices, to digital and innovation businesses.

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VGI, Pomelo join hands in ‘Trash to Treasure’ project

Nov 04. 2020

By THE NATION

VGI Plc, an offline-to-online solutions provider across advertising, payment and logistic platforms, has teamed up with Southeast Asia’s omnichannel fashion platform Pomelo Fashion to promote environmental sustainability through its “Trash to Treasure” project.

Aiming to tackle the growing problem of plastic pollution, VGI said it was striving to minimise waste generation with its new initiative.

Recognising the environmental challenge posed by the use of vinyl in its advertising billboards, VGI has implemented an efficient and environmentally friendly solution, collaborating with Pomelo to create value out of the waste produced by businesses, the platform said in a press statement. 

The e-commerce market in Thailand is projected to grow 35 per cent by the end of 2020 to Bt220 billion, with the Covid-19 situation driving a surge in online shopping, it said. 

This has inevitably increased the consumption of single-use packaging and hence demonstrates the importance of reducing such packaging.

“VGI and Pomelo are partnering to create a circular economy for vinyl and single-use packaging waste by upcycling vinyl from VGI’s used billboards and repurposing them for Pomelo’s packaging. The philosophy follows the circular way of designing and production, which minimises waste at all stages of the extraction-production-consumption cycle, unlike traditional recycling processes,” the statement said. 

“As a major omnichannel fashion retailer with a commitment to social and environmental responsibilities, Pomelo is determined to use its platforms to raise awareness, especially among the new generation of eco-conscious consumers, about the impact of single-use plastic consumption and promote packaging waste reduction.”

The jointly produced packaging, which can be reused up to 1,000 times per piece, will be used for customers who shop across all of Pomelo’s physical stores or online under its “Tap.Try.Buy” strategy.

“Offering a viable path to reducing carbon emissions on our planet, this collaboration helps VGI slash its vinyl waste by 3,500 square metres or 3.5 tonnes, while Pomelo is able to cut back on more than 200,000 pieces of single-use packaging,” the statement added.

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Phuket welcomes back international flights

Nov 03. 2020

By The Nation

Phuket Airport welcomed back international airlines for the first time since March on Monday, when an Emirates plane landed on the southern holiday island.

The special service coincided with the visit of Prime Minister Prayut Chan-o-cha and his Cabinet to boost confidence in the tourism sector and demonstrate Phuket’s readiness to receive international travellers.

Flight EK376, a Boeing 777-300ER aircraft, started its journey from Dubai Airport at 2.10am and touched down in Phuket at 2.20pm local time, after a short layover in Bangkok.

With safety as a priority, Emirates is gradually expanding its flight service to 99 cities in November, restoring routes to the Americas, Europe, Africa, Middle East, and Asia Pacific via Dubai.

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PacRim offers new strategy for companies to achieve tangible results

Nov 02. 2020Innovation experts Manrat Praditwongsin, right, and Dr Sirinchayaa Preechapatsakool share their insights during the launch of PacRim Group’s result-based innovation solutions strategy to help Thai organisations achieve results. 

By The Nation

Leading consultancy firm, PacRim Group, has launched its result-based innovation solutions (RIS) strategy, which effectively integrates systems such FranklinCovey’s customer-centric innovation and the “jobs to be done” approach from innovation-guru Clayton M Christensen.

Manrat Praditwongsin, senior consultant at PacRim Group, said the consultancy firm has provided leadership development and transformation solutions to more than 1,000 organisations in Thailand over the past 28 years. She said the new result-based innovation solutions scheme was created to fulfil clients’ needs when it comes to achieving sustainable business results, since innovation has become an integral part of today’s businesses.

“Today, innovations are no longer just about inventors or creating something new. Christensen has said that a successful innovation comes from a ‘jobs to be done’ approach, meaning if you really know how to get your customers’ jobs done, you will really be the winner,” Manrat said.

PacRim’s RIS solutions are available both in standard and customised formats as required by each client, while “results” can be measured on a rate on investment basis.

Dr Sirinchayaa Preechapatsakool, consultant and innovation specialist at PacRim Group, said RIS would help create an organisation culture that directly leads to four business results, namely,

• Creating a pipeline of new products and services through a process that helps find customers’ “current explicit needs” and “future implicit needs”.

• Acquisition and retention of customers.

• Building agile teams.

• Developing new business models.

Theanchai Yaktavong, internal instructor at SCG’s Centre of Expertise, said the company has used PacRim’s jobs to be done approach as an important tool, while advocating the development of leadership and technical skills of its manpower.

Dr Sarawut Limchaikul, human resource chief at Gosoft (Thailand), which is the IT backbone of the 7-Eleven network, said Gosoft has focused on developing an innovative culture and the four attributes of its staff stepping out of the IT box and moving toward a customer-centric approach that delivers a good experience.

Rawiwan Kumthongmak, vice president of learning and development at the SCB Academy, said Siam Commercial Bank has joined forces with PacRim and other partners from public, private, and educational institutions to launch the PMD47 project.

The project provides people a chance to boost their skills for free via SCB’s “phonlamuangdee” and PacD digital platforms. The courses to be offered shortly on the platform include customer centric innovation and other world-class programmes that are fun and easy to learn, and applicable to real-world usage.

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WHA launches largest solar carpark at Eastern Seaboard Estate

Nov 02. 2020

By The Nation

WHA Utilities and Power Plc has officially opened a solar carpark at SAIC Motor-CP Company’s MG Manufacturing Plant in WHA Eastern Seaboard Industrial Estate 2.

It covers 31,000 square metres of solar rooftop space.

Commercial operations started in early October with a capacity of 4.88 megawatts, making it Thailand’s largest solar carpark project to date.

Niphon Bundechanan, chief executive officer of WHA Utilities and Power Plc, said that the project is considered the largest solar carpark in Thailand, with 20 years of service duration, starting early October.

Zhang Haibo, president of SAIC Motor-CP Co Ltd and MG Sales (Thailand) Co Ltd, as a manufacturer and distributor of MG cars in Thailand, explained: “We decided to install solar to offset CO2 emissions to reduce global warming. With the help of WHA Utilities and Power, we will be able to reduce our costs more than the 20-year period, while protecting the environment.”

Niphon is confident that the company will achieve its target of securing solar rooftop installation contracts with a combined capacity of 50MW this year. This will make the company’s energy-generating capacity, in terms of shareholding equity, reach 592MW by the end of this year.

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THAI to provide special flights to and from seven destinations

Nov 02. 2020

By The Nation

Thai Airways International (THAI) is operating semi-commercial flights to and from seven destinations, namely London, Frankfurt, Copenhagen, Hong Kong, Tokyo, Taipei and Sydney, from now until the end of December to meet passenger demands.

Wiwat Piyawiroj, the airline’s executive vice president, said the special round-trip flights have been organised to accommodate passengers with travel, education and business requirements.

Flight details are as follows:

• Bangkok-London-Bangkok every Sunday

• Bangkok-Frankfurt-Bangkok every Friday

• Bangkok-Copenhagen-Bangkok every Sunday.

• Bangkok-Hong Kong-Bangkok flight on November 4 and 18, as well as every Wednesday in December.

• Bangkok-Tokyo every Wednesday and Saturday and return flights on Thursdays and Sundays.

• Bangkok-Taipei-Bangkok every Friday, plus special flights on November 4 and 18, as well as on December 4, 11, 18 and 23.

• Bangkok-Sydney flight every Sunday and Sydney-Bangkok on Mondays. Travellers are required to contact the Australian Embassy in Bangkok before reserving a flight to Sydney.

THAI has been cooperating with the Foreign Minister to operate special flights to bring Thais home as well as deliver cargo on roundtrip flights.

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B Grimm powers its way to three more international awards

Nov 02. 2020

By THE NATION

B Grimm Power Plc has won three more international excellence awards this year, the company said.

The company was named the “Power Utility of the Year-Thailand”, “Power Plant Upgrade of the Year-Thailand” and “Hydro Power Project of the Year-Bronze” at the 16th Asian Power Awards hosted by Asian Power magazine.

Harald Link, B Grimm chairman, together with chief executive officer Preeyanart Soontornwata said these latest awards underscore the company’s position as a regional power business leader, its professionalism and the commitment to conduct its business with responsibility to the economy, society and environment based on the principles of good corporate governance.

The Power Utility of the Year-Thailand recognises B Grimm’s role as an organisation which contributes significant developments in both industrial power and renewable power in the region.

The Power Plant Upgrade of the Year-Thailand specifically accredits the Amata B Grimm Power 3, which runs one of several co-generation power plants under the partnership between B Grimm and Siemens.

Amata B Grimm Power 3 has succeeded in improving the efficiency of its gas turbines to reduce gas consumption and the period required for the plant maintenance.

The Hydro Power Project of the Year-Bronze went to B Grimm’s 15-megawatt Nam Jae 1 hydroelectric power house in Laos, which went on stream commercially in June 2019.

The Asian Power Awards are considered by a group of international electrical industry experts to honour entrepreneurs in the power business and power plant projects across Asia with outstanding performance.