Flagship launch brings Jetts Thailand to 40-club milestone

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Flagship launch brings Jetts Thailand to 40-club milestone

Flagship launch brings Jetts Thailand to 40-club milestone

FRIDAY, JANUARY 20, 2023

Brisbane, January 2023 – Jetts Fitness has reached the 40-club milestone in Thailand with the opening of a flagship club in the town of Si Racha, on the country’s eastern seaboard.

The new club, which opened on 1 January 2023, is located in Central Si Racha – the year-old megamall, owned by global retail giant The Central Group, that’s set to become the area’s largest mixedusedevelopment over the next few years, with the addition of a hotel and residential complex alongside the already-constructed convention hall.

The club occupies a high footfall, high visibility location on the second floor of the shopping mall, with 19m of Jetts-branded internal frontage. Meanwhile, 1,105sq m of floor space make this latest club around 35 per cent larger than the Jetts 24 Hour Fitness average, resulting in an expansive offering that incorporates signature elements from the chain’s two premium clubs, Jetts Black. Pricing is, however, in line with the Jetts 24 Hour Fitness norm, with membership starting at THB1,500 a month (US$43 / £35).

The mould-breaking addition at Si Racha is The Playground: a 100sq m functional training amphitheatre with enough space for multiple PT sessions to take place simultaneously. Laid with artificial turf, it’s equipped with a great range of ZIVA kit, from core bags to dumbbells to kettlebells. Usually only available at Jetts Black, Si Racha is the first Jetts 24 Hour Fitness-branded gym to incorporate The Playground concept.

Flagship launch brings Jetts Thailand to 40-club milestone

There’s also a dedicated zone for Jetts’ signature J Series group HIIT classes; an extra-large free weights area with enough space for multiple units of high-demand equipment; a large group exercise studio that can accommodate around 50 participants; and a four-lane, 10m sled track –only the second in the 40-club estate. All of this sits alongside a comprehensive cardio and strength floor equipped by Matrix.

“We’ve hit another home run with this fantastic new club, which opened with 800 members,” said Mike Lamb, CEO of FLG Thailand; the Jetts brand and operation in Thailand is wholly owned by APAC health club giant Fitness & Lifestyle Group (FLG). “We’re confident we will reach our 1,500-member capacity within six months of opening.”

Flagship launch brings Jetts Thailand to 40-club milestone

He added: “Jetts is delighted to cement its strong relationship with The Central Group, with the opening at Si Racha following on closely from our 1 December 2022 launch at Central Chanthaburi.“It’s great to see our gyms progressively move into higher traffic zones within Central’s malls, reflecting the value and energy our well-recognised international fitness brand brings to these world-class malls.”

Already Thailand’s #1 gym chain by number of locations, Jetts currently has three more clubs in the advanced pipeline – including one under construction – and plans to end 2023 with at least 45 locations.

“We believe Thailand, with its population of around 60 million people – including around 10 million in Bangkok – can ultimately support 100 Jetts clubs,” said Greg Oliver, Group CEO of Fitness & Lifestyle Group. “We’re excited by the opportunity to serve this growing market, and with the fantastic team we have in place, are ready to seize that opportunity and cement our position as Thailand’s #1.”

Transformation Marketing Trends to Watch in 2023 by MTX

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Transformation Marketing Trends to Watch in 2023 by MTX

Transformation Marketing Trends to Watch in 2023 by MTX

FRIDAY, JANUARY 20, 2023

Farida Waller

Marketers need to rethink about​ doing marketing by cooperating the Client x Technology x Creativity as a framework in designing marketing strategies.

The suggestion came from the new marketing course “MTX by RISE“.

The course was organised by Saroj Laohasiri, head of marketing transformation at Bluebik GroupKornkanok Chaopricha, an entrepreneurial marketer, and Supachai Kid Parchariyanon, CEO and Co-Founder of RISE.

This course will focus on dismantling traditional marketing ideas with nine topics that will transform marketing thinking in every dimension – including marketing transformation, customer of the future, web3, and artificial intelligence – using experiential workshops and case studies.

More than 30 executives will give lectures.

Oliver Kittipong Veerataecha, group chief marketing officer at Dentsu Thailand, said: “It’s not about perfection but more about making the business interesting. New technologies pop up all the time, but understanding customer behaviour is still more important.”

Transformation Marketing Trends to Watch in 2023 by MTX

Sutirapan Sakkawatra, head of marketing at SCB Thailand, said: “Know your business model. What can be digitised must be digitised and what can be measured can be improved and replaced.”

Suthipa Panyamahasup, chief personal and healthcare business officer at Osotspa, said: “With today’s wide data reach, you need to know what is rubbish and what is a real diamond. You need to know how to choose and prioritise your information.”

The three will be guest speakers. They will talk about the importance of critical thinking, having a clear end vision, and the necessity for corporations to not stay still if they don’t want to fall behind.

Transformation in the organisation needs to be done before any recession to defend against loss. Cutting unnecessary expenses and increasing efficiency is one form of transformation, Suthipa said.

At the end of the day, it is about capturing the consumer’s attention and generating revenue, Sakkawatra and Veerataecha agreed.

“MTX by RISE” is a 10-week course starting on February 28 and running till May 18. Further information is available at mtx.riseaccel.com.

Farida Waller

Japanese were top foreign investors in Thailand last year

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Japanese were top foreign investors in Thailand last year

Japanese were top foreign investors in Thailand last year

FRIDAY, JANUARY 20, 2023

Last year saw a slight uptick in the number of foreign investors opening businesses in Thailand, but the amount invested increased substantially, according to data released by the Commerce Ministry on Friday.

The ministry said 583 foreign entities opened businesses here last year. Their combined investment totalled 128.77 billion baht and they hired 5,253 Thai workers, according to the data.

Deputy Commerce Minister Sinit Lertkrai said 218 foreign investors used business licences for their investments and 365 used business certificates.

Sinit LertkraiSinit Lertkrai

The top five sources of foreign investment last year were Japan (151), Singapore (98), the United States (71), Hong Kong SAR (40), and China (31), Sinit said.

The number of foreign investors who opened businesses in Thailand last year was 13 higher than the 520 in 2021. The amount of investment, however, rose substantially. It was 46.27 billion baht higher last year than the 82.50 billion baht invested by foreign entities in 2021, Sinit added.

“Most foreign investors operate businesses in line with Thailand’s policy to develop infrastructure and targeted industries,” he said.

Japanese were top foreign investors in Thailand last year

Sinit said that 119 foreign entities had invested 52.87 billion baht in Thailand’s Eastern Economic Corridor (EEC) last year, accounting for 20% and 41% of total foreign investors and investment, respectively.

“Most foreign investors in the EEC came from Japan (47), followed by China and Singapore (11 each),” he said.

Foreign investors in the EEC invested in the development of factory and warehouse management systems, as well as engineering and technical services, Sinit said.

Related stories:

Thailand is now the world’s 13th largest exporter of agricultural products: minister

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Thailand is now the world’s 13th largest exporter of agricultural products: minister

Thailand is now the world’s 13th largest exporter of agricultural products: minister

FRIDAY, JANUARY 20, 2023

Thailand has become the world’s 13th largest exporter of agricultural products after a more than 20% surge in agricultural trade in the first 11 months of 2022, Minister of Agriculture and Cooperatives Chalermchai Sreeon said on Friday.

Thailand’s trade in agricultural products totalled 1.55 trillion baht during the period, up 22% from the same period in 2021, the minister said.

Chalermchai said the export surge was due to his ministry’s efforts to increase agricultural competitiveness, including the so-called 3S (safety, security, sustainability) strategy, greater use of advanced agricultural technology, and enhanced cooperation between the private and public sectors.

Agricultural exports surged to other member states of Asean as well as countries outside of the bloc that Thailand has free trade agreements (FTAs) with.

Thailand is now the world’s 13th largest exporter of agricultural products: minister

Agricultural exports to countries that Thailand has FTAs with rose 18.52% year on year during the period. The countries include China, Japan, South Korea, Australia, New Zealand, Peru, Chile, and India. Thailand also has a separate FTA with Hong Kong SAR. Combined, agricultural trade between Thailand and these jurisdictions totalled 901.28 billion baht in the first 11 months of last year.

Thailand ran a trade surplus of 495.72 billion baht with the eight countries and Hong Kong SAR: exports totalled 698.5 billion baht and imports totalled 202.78 billion baht.

Agricultural trade with other Asean members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, and Vietnam) totalled 502.35 billion baht during the first 11 months of last year. This represents a 24.56% year-on-year rise. Thailand also saw a surplus with its fellow Asean members of 201 billion baht. Agricultural exports totalled 351.63 billion baht and imports were worth 150.72 billion baht during the period.

Thailand is now the world’s 13th largest exporter of agricultural products: minister

The three top agricultural products by revenue were fruits (164.79 billion baht), meat and fish (97.14 billion baht), and rubber (83.91 billion baht).

Thailand’s biggest export markets last year were China, Japan, India, South Korea, and Australia, respectively.

Chalermchai said the trend of rising agricultural exports would continue this year, especially because China has lifted most of its Covid-19 restrictions. This will allow more products from Thailand to be transported to China via the China-Laos railway, the minister explained.

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Thai agricultural sector to see K-shaped growth in 2023: EIC

VGI Wins Highest Corporate Brand Value for the Sixth Time from Asean and Thailand’s Top Corporate Brands 2022 

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VGI Wins Highest Corporate Brand Value for the Sixth Time from Asean and Thailand’s Top Corporate Brands 2022 

VGI Wins Highest Corporate Brand Value for the Sixth Time from Asean and Thailand’s Top Corporate Brands 2022 

THURSDAY, JANUARY 19, 2023

VGI PLC, the leader of Offline-to-Online (“O2O”) Marketing Solutions across multiple platforms, led by Chief Financial Officer, Chitkasem Moo-Ming, accepted an award from Asean and Thailand’s Top Corporate Brands 2022 for the highest corporate brand value under the media category.

The event was jointly organized by the Masters in Marketing and Branding Programme (MBM) under the Faculty of Commerce and Accountancy, Chulalongkorn Business School, and the Stock Exchange of Thailand. The award was presented by Prof. Bundhit Eua-arporn, President of Chulalongkorn University.

This is the sixth time VGI has received the prestigious award, further attesting to the Company’s strength and unwavering commitment to delivering sustainable returns for all stakeholders, society and the environment. VGI’s corporate brand value stands at 48.612 billion baht. (as of 18 January 2023)

Commenting on this achievement, Chitkasem said, “Winning this award for the sixth time is truly a testament to our vision to be the lead provider of forward-thinking solutions guided by our robust and inimitable ecosystem encompassing Advertising, Payment and Distribution platforms. Thanks to our strong foundation and financial stability, we have demonstrated time and again our unique capability to maintain a prominent standing within the media industry even in the most uncertain times.”

VGI Wins Highest Corporate Brand Value for the Sixth Time from Asean and Thailand’s Top Corporate Brands 2022 

The top corporate brand value is appraised through the CBS Valuation (Corporate Brand Success Valuation) tool developed by Prof. Guntalee Ruenrom and Ake Pattaratanakun of Chulalongkorn University. This tool offers a systematic mechanism to measure corporate brand value in the Asean region and Thailand in monetary terms with an emphasis on the importance of organisational development for sustainability. The valuation is recognised to lead to greater stakeholder confidence and contribute to the strength of corporations capable of having a positive impact on the future of the national economy.

CPF unveils roadmap towards Net Zero, kicked off with 100% abandonment of coal use in Thailand 

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CPF unveils roadmap towards Net Zero, kicked off with 100% abandonment of coal use in Thailand 

CPF unveils roadmap towards Net Zero, kicked off with 100% abandonment of coal use in Thailand 

THURSDAY, JANUARY 19, 2023

Charoen Pokphand Foods Public Company Limited (CPF) unveils the roadmap towards the Net Zero Greenhouse Gas Emission target and the 100% stop of coal use for operations in Thailand under the Coal Free 2022 target.  

For food security, the 3 Smart approach – Smart SourcingSmart Production and Smart Consumption – will be implemented to drive business from upstream to downstream towards conservation goals with support from innovation, technology, and automation systems.

Prasit Boondoungprasert, Chief Executive Officer of CPF; Peerapong Krinchai, Executive Vice President – Corporate Engineering and Kobboon Srichai, Head of Corporate Affairs and Investor Relations at CPF joined the press conference to unveil the plan towards Net Zero and the achievement of Coal Free 2022 target at CP Tower Silom Building.  

CPF unveils roadmap towards Net Zero, kicked off with 100% abandonment of coal use in Thailand 

Prasit said that risks from climate change and the Covid-19 pandemic have sent impacts on global food security. As a leading integrated agro-industrial and food business operator, CPF is aware of its role in producing sufficient food and satisfying customer demand in normal times and times of crisis as well as supporting the global commitment to climate impact mitigation and the United Nations Sustainable Development Goals (SDGs). All drive CPF to announce the Net Zero 2050 target. 

2023 marks a significant beginning of the moves towards the target after CPF achieves the 100% stop of coal use in Thailand under the Coal Free 2022 target. In line with the Bio-circular Green Economy (BCG) concept honoured by Thailand and the global community, Thai operations have shifted their focus to biomass energy. Renewable energy now contributes 30% of energy use, making CPF one of the top-tier food companies in terms of renewable energy consumption. The switch has also reduced greenhouse gas emissions by more than 600,000 tons of carbon dioxide equivalent. 

CPF unveils roadmap towards Net Zero, kicked off with 100% abandonment of coal use in Thailand 

Under the Net Zero target, CPF has introduced innovation, AI/IoT technology and automation systems to enhance production efficiency. Under the 3 Smart approach, CPF’s business chain, from upstream to downstream, will strive to materialize Smart Sourcing, Smart Production and Smart Consumption.  

Smart Sourcing:  Ensuring sustainable sourcing throughout the supply chain. The sourcing of key agricultural materials including corn and soybean must be traceable, to ensure they are not from encroached forest areas.

Smart Production:  Harnessing power from biomass sources in replacement of coal. Animal manure and wastewater are turned into energy (Waste to Energy). The biogas system is deployed to process manure and wastewater from pig and layer chicken farms. Methane gas deriving from the process is used to produce electricity for the farms’ internal use, saving electricity use by 50-70%.

Smart Consumption: Calculating the carbon footprints of food products for the formulation of an emission reduction plan, and emphasizing eco-friendly packaging. 

Prasit added that in 2023, all CPF business units in Thailand and abroad will jointly devise a roadmap and Climate Transition Action Plans, based on the group’s greenhouse gas emission data in 2020.

The roadmap will guide CPF towards the Net Zero short-term target (2030) and long-term target (2050), taking into consideration the best and scientifically-proven standards under the Science Based Initiatives (SBTi). The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). After its launch in 2015, more than 2,000 companies have joined SBTi’s call to set emission reduction targets with science-based initiatives, to keep the average global temperature from reaching 1.5 degrees Celcius above pre-industrial levels.

CPF has implemented a program to increase green areas at operating sites, aside from conservation and rehabilitation projects for terrestrial forests and mangroves under the target to enhance green areas by at least 20,000 rai within 2030. The “CPF Rak Nives at Phraya Doen Thong Mountain Project” in Phatthana Nikhom District, Lopburi province and the CPF Grow-Share-Protect Mangrove Forestation Project in RayongSamut SakhonChumpornSongkhla and Trat provinces have covered more than 14,000 rai.

Start the week in style with Marriott Bonvoy’s “Monday Madness” in Thailand

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Start the week in style with Marriott Bonvoy’s “Monday Madness” in Thailand

Start the week in style with Marriott Bonvoy’s “Monday Madness” in Thailand

THURSDAY, JANUARY 19, 2023

Guests and local residents can discover a series of attractive culinary offers all across the kingdom, from restaurant dinners to daily bites, social drinks promotions and more!

Bangkok, Thailand – Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, is making Mondays even more appetizing in Thailand with exclusive epicurean offers. Under the “Monday Madness” promotion, members can kickstart their week with enticing culinary deals and discounts in Bangkok, Phuket, Koh Samui, Pattaya and Rayong. 

Take your pick from these attractive offers for dining and drinks:

W Bangkok is offering “buy on get one free” on all craft beers at the Tipsy Cow, while Royal Orchid Sheraton Hotel & Towers is inviting guests to enjoy free-flow Aperol spritz cocktails at Giorgio’s, when four people dine at this popular Italian restaurant. At Mayfair, Bangkok – Marriott Executive Apartments, diners will receive 15% off all à la carte dishes at Bistro M, and Sukhumvit Park, Bangkok – Marriott Executive Apartments is serving breakfast for only THB 24 (for the second diner, when accompanied by one full-paying guest at Bistro M).

Also in the Thai capital, The Athenee Hotel, a Luxury Collection Hotel, Bangkok has unveiled a special price of just THB 950 for the International Buffet Dinner at Rain Tree Café, and a choice of cocktails for just THB 1 at The Glaz Bar (for the second drink when two cocktails are purchased). Meanwhile at The Westin Grande Sukhumvit, “Monday Madness” will take place at Seasonal Tastes, with a tempting price of THB 990++ per person for the Lunch Buffet, Kisso Japanese restaurant, which is offering complimentary maki rolls with every set lunch menu, and Zest Bar & Terrace, where guests can sip free-flow Chang beer accompanied by a choice of snacks.

Start the week in style with Marriott Bonvoy’s “Monday Madness” in Thailand

At Courtyard by Marriott Bangkok, the promotion extends to a 20% discount on all food and drinks at MoMo Café, and The St. Regis Bangkok is inviting guests to sip its Violet Hour Martini, with 50% off the second drink at The St. Regis Bar, while VIU has revealed an exclusive price for its Surf & Turf Set: only THB 2,990++ per person. 

In Phuket, Four Points by Sheraton Phuket Patong Beach Resort is offering 10% off when guests spend THB 2,000 at Sears & Co, and Phuket Marriott Resort & Spa, Merlin Beach will let guests unwind with a cheese board and a glass of wine for just THB 650 net. JW Marriott Phuket Resort & Spa is showcasing the finest fruits de mer with its Fresh Andaman Seafood Stack, and Le Méridien Phuket Beach Resort is serving its “Double Trouble” beer & burger combo for only THB 699++. 

Renaissance Phuket Resort & Spa is making Mondays more appetizing with a special offer, THB 999++ for four cocktails accompanied by a plate of beef nachos, and at The Naka Island, a Luxury Collection Resort & Spa, steak lovers can savor a succulent Argentinian spiced ribeye and a glass of red wine for THB 1,999++ at My Grill.

Start the week in style with Marriott Bonvoy’s “Monday Madness” in Thailand

In Koh Samui, Sheraton Samui Resort is training guests for a “Wine Marathon”, three hours of free-flow wine and beer for just THB 690++ at Blue Monkey, and Vana Belle, a Luxury Collection Resort is letting guests savor its “Bubble Breakfast” at Kiree Restaurant, with a series of delicacies accompanied by sparkling wine.

Finally on Thailand’s Eastern Seaboard, Courtyard by Marriott North Pattaya is offering a 50% discount on all beverages at Spart’s Bar throughout the day, and Rayong Marriott Resort & Spa is celebrating with a “buy one get one free” promotion on its Rayong Night cocktail at The Lounge.

For more information on exclusive dining deals, please click here 

Monday Madness runs from 16th January to 27th March 2023, and is only available for Marriott Bonvoy members. Not a member yet? Click here to sign up for free today!

To learn more about Marriott Bonvoy, please visit https://www.marriott.com/loyalty.mi.

Make your dreams come true with KBank Young Scholarship Program 2023 

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Make your dreams come true with KBank Young Scholarship Program 2023 

Make your dreams come true with KBank Young Scholarship Program 2023 

WEDNESDAY, JANUARY 18, 2023

Kasikorn Bank is seeking highly capable personnel to advance its K Strategy in a new-era financial world with KBank Young Scholarship 2023.

To this end, the Bank will hold an examination for five graduate scholarships at the world’s most prestigious universities.

Fourth-year students who are going to complete their bachelor’s degree are invited to sit for the examination.

Scholarship recipients will have a chance to learn and get hands-on experience to find their fields of interest before furthering their studies as needed and in alignment with KBank’s business directions.

Aside from getting the scholarship, they will have a chance to take on the challenging work at KBank.

Applications are open from now until March 15, 2023, at KBank’s website, https://www.kasikornbank.com/th/news

Make your dreams come true with KBank Young Scholarship Program 2023 

Krit JitjangKBank President, said as human resource development is a crucial driver of the organization towards its established goals, KBank has been committed to the continuous enhancement of employee potential, based on the concept of providing staff members with the “Possibility to Make an Impact” and allowing them to “Unleash Your Full Potential”.

All employees have been encouraged to use their knowledge and capabilities and to unleash their full potential, with an emphasis on learning by doing. KBank aims to create leaders who can grow with the organization.

Employees have the opportunity to work with capable supervisors and teams of high potential in an organization with an advantage in terms of investment funds, customer database, technologies and partnerships with Thailand’s leading businesses and startups, which form part of KBank’s business network. 

Under this year’s KBank Young Scholarship Project, applications have been opened for five scholarships, and eligible applicants are fourth-year university students.

The scholarships will be granted for master’s degree study at a world-class university, and students can choose a field of study which aligns with KBank’s strategies and business directions.

A special feature of the scholarships is that, for the first three years, students will have the opportunity to explore their interests and preferences by working with professional teams on key tasks and to take part in driving the businesses of KBank and K Companies towards success. Such tasks are, for example, those in the areas of IT/Technology & Fintech, Business Extension & Partnership Management, Beyond Banking & Innovation, Business Data Analytics, Investment Banking, and Regional Business, in both Thailand and foreign countries. After graduation, they will also return to work with KBank. 

Candidates must currently be final-year university students or scheduled to complete their bachelor’s degree in 2023, with a GPA of at least 3.25. Special consideration will be given to candidates who have participated in various activities such as business case competitions at their universities or those who have completed an internship. Additionally, they should be keen learners, adaptable, and those who dare to think, try and decide for business success. Registration starts on March 15, 2023. 

For more details, please contact the People Development Department (Scholarship), tel. 02-4701361, 02-4701656 or 02-4705915, or KBankScholarship@kasikornbank.com. 


Mr. Krit added, “KBank scholarship recipients will attend a preparation program for studying abroad. The Bank will arrange an overseas education consulting company to help develop the potential of the scholarship recipients in terms of work experience and language proficiency. KBank will support all related expenses during university preparation and study that related costs with close guidance from our Human Resource Development team. We aim to strengthen their capabilities in all aspects and expect them to return to drive the businesses of KBank and K Companies towards success. This is considered one of the most important opportunities for university students who dream to study at a world-class educational institution and gain experience in working with a leading organization in the country.” 

Courier company sees chance to increase business from live selling online

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Courier company sees chance to increase business from live selling online

Courier company sees chance to increase business from live selling online

THURSDAY, JANUARY 19, 2023

Nongluck Ajanapanya

Singapore-based Ninja Van is moving to grab a bigger share of deliveries from merchants who frequently use young female models to sell low-end products live online in its six key markets in Southeast Asia.

The company released a report saying live selling has become one of the most popular e-commerce trends in the countries where it offers courier services: Thailand, Singapore, Malaysia, Indonesia, the Philippines, and Vietnam.

The report – “Live Selling in Southeast Asia (SEA)” – says it uses data gleaned from more than 1,000 of its e-commerce customers in the six countries.

Winston Seow, the company’s chief marketing officer, described live selling as “an intriguing marketing tactic” in a press release on Thursday.

“It’s the only tactic that can fast-track shoppers’ purchase journeys from awareness straight to conversion,” Seow explained. “Live selling also enables e-commerce sellers to build large-scale relationships with their customers, both new and old,” he added, without elaborating.

One in three of its e-commerce clients surveyed is now using up to six hours a week of live selling to boost sales.

Most early adopters of live selling sold clothing, beauty and personal care products, food and beverages and things for use at home, the report says.

Courier company sees chance to increase business from live selling online

According to the survey of 1,000 or so clients of Ninja Van, three online platforms are the most popular in the region: Shopee (27.0%), Facebook (25.5%), and TikTok (22.5%).

Seow said it was possible that e-commerce sellers might use two channels for live selling to expand their reach.
In Thailand, Facebook is the most popular social media platform for live sellers, with 37.9%, followed by TikTok, with 26.9%, and Shopee, with 19.8%, according to the report.

Fashion and beauty products dominate live sales in Thailand, the report said.

The report says that online merchants can benefit from live selling, but they also face hurdles that Ninja Van can help solve.

Courier company sees chance to increase business from live selling online

Nongluck Ajanapanya

New PTT Oil and Retail chief vows green policies for sustainable growth

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New PTT Oil and Retail chief vows green policies for sustainable growth

New PTT Oil and Retail chief vows green policies for sustainable growth

THURSDAY, JANUARY 19, 2023

The new CEO of PTT Oil and Retail Business Plc (OR) on Thursday pledged to pursue a green business strategy and provide opportunities to local communities to ensure sustainable growth for the company.

CEO Disathat Panyarachun said he would follow the vision of “Empowering Al towards Inclusive Growth” and will use the “Rise OR” strategy to push for sustainable growth of PTT OR. “Rise” stands for result, intelligence, synergy and entrepreneurship.

PTT OR under his leadership would push for tangible results of its operations and would make prudent decisions, embrace synergy with all agencies of PTT and would operate in a spirit of entrepreneurship, he said.

Disathat said that PTT OR under his leadership would focus on three main policies:

Synchronisation for ecosystem: The company will synchronise its energy businesses and lifestyle to strengthen the OR ecosystem.

Synergy for impact: PTT OR will have synergy with all businesses of PTT to make it more positive for all stake holders so that they can grow together.

Sustainability for the future: PTT will use three measures — “Small”, “Diversified”, and “Green” — to pursue sustainable growth.

Under “Small”, the company will provide opportunities to communities near PTT OR’s outlets to improve their quality of life, Disathat explained.

“Diversified” will explore growth opportunities, including seeking more partners and innovating new products and services.

“Green” will involve a push for low carbon business areas through all businesses of OR so that it could reach the goal of carbon neutrality by 2030 and net zero by 2050, Disathat said.

He added that PTT OR under his leadership would also develop an ecosystem for electric vehicles, which is the future trend.