Top Nissan executive to abruptly leave for electric motor maker #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379850?utm_source=category&utm_medium=internal_referral

Top Nissan executive to abruptly leave for electric motor maker

Dec 26. 2019
By Syndication Washington Post, Bloomberg · Reed Stevenson 

955 Viewed

Nissan Motor Co.’s third-highest-ranked executive is planning to leave the company to join a leading electric-motor company, an abrupt move that deals yet another blow to the scandal-plagued Japanese carmaker. The shares fell to their lowest in 8 years.

Jun Seki, the vice chief operating officer in charge of Nissan’s performance recovery, plans to join Japanese manufacturer Nidec Corp. as president and COO. The 58-year-old, who confirmed the move to Bloomberg News, was among the contenders to be Nissan’s chief executive officer in October, but missed out to Makoto Uchida, most recently the company’s China chief. Seki only took up his current position in December.

Nissan has seen its share of executive departures since last year’s shock arrest of former longtime chief Carlos Ghosn, but Seki’s exit stands out because he was part of a triumvirate set up to disperse leadership responsibilities at the automaker, Japan’s third largest by output. The defection marks yet another distraction for Nissan, which is struggling to recover from the chaos unleashed by Ghosn’s arrest and an industry downturn, with profits at a decade-low and relations tense with French partner Renault SA.

The departure of Seki, who spent most of his career in engineering and manufacturing at Nissan, comes at a precarious time for the company and the auto sector, with established carmakers seeking scale through consolidation as a way of splitting the billions of dollars in investments needed to keep up with the shift toward electric and self-driving cars.

The company’s shares fell 3.1% to 633 yen, the lowest since 2011, as of the close Wednesday in Tokyo. The shares have slid 28% this year, compared with a 19% gain in the Nikkei 225 Stock Average. Nidec climbed 0.3%.

Nissan has accepted Seki’s decision to leave the company, the carmaker said Wednesday in a statement, adding it will continue to focus on key areas including business transformation under the new management. Shiro Ikushima, a spokesman for Kyoto-based Nidec, declined to comment.

Seki will be joining a company that makes about an eighth of Nissan’s sales, but has a market value that’s more than 60% higher at about 4.5 trillion yen ($41 billion). Known for its precision products, Nidec is the world’s No. 1 supplier of hard-drive motors. The manufacturer is seeking to become a top supplier for electric vehicles, home appliances and industrial and commercial equipment, with the goal of reaching 10 trillion yen in annual sales by fiscal 2030.

Shigenobu Nagamori, Nidec’s billionaire CEO, founded the company in 1973 in a shack next to his family’s farmhouse. The outspoken chairman had appointed Hiroyuki Yoshimoto, another Nissan veteran, as COO in 2018. Nagamori, 75, is known as a dealmaker, having bought scores of companies under his tenure, and for his hard-charging management style.

Nissan’s management has been on shaky ground since Ghosn was arrested for financial crimes in November 2018. Hiroto Saikawa, Ghosn’s successor-turned-accuser, stepped down as CEO earlier this year amid a scandal over excess compensation.

Carlos Ghosn Prepares for the Trial of His Life

Seki joined the Yokohama-based automaker in 1986, meaning new CEO Uchida and COO Ashwani Gupta will now have to fill a void left by the departure of the member of their team with the most experience within Nissan.

CPF banks on overseas expansion to fuel growth #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379838?utm_source=category&utm_medium=internal_referral

CPF banks on overseas expansion to fuel growth

Dec 25. 2019
Charoen Pokphand Foods PLC (CPF) aims to expand its overseas business and is confident of its financial performance in 2019 meeting targets thanks to positive returns from investments in Thailand and 17 countries, chairman of CPF’s executive committee, Adirek Sripratak, says.

Charoen Pokphand Foods PLC (CPF) aims to expand its overseas business and is confident of its financial performance in 2019 meeting targets thanks to positive returns from investments in Thailand and 17 countries, chairman of CPF’s executive committee, Adirek Sripratak, says.
By The Nation

890 Viewed

Charoen Pokphand Foods PLC (CPF) aims to expand its overseas business and is confident of its financial performance in 2019 meeting targets thanks to positive returns from investments in Thailand and 17 countries, chairman of CPF’s executive committee, Adirek Sripratak, said.

His statement echoed a belief that amid weakening purchasing power, the food business will thrive due to persistent demands especially for the products that are safe, traceable, as well as environmentally and community-friendly.

“CPF is the producer of reasonable protein-rich food, be they chicken, pork, shrimps, fish and eggs, which are all people’s main staple. Importantly, CPF adopts an integrated production process. I’m confident that CPF’s business will experience no negative impacts and will flourish as always,” he said.

Adirek revealed that in 2020 CPF will maintain its focus on growing its business, which entails additional investments in potential countries including the 17 countries where CPF’s businesses are located. Among the destinations with high growth opportunities are China, Vietnam, India, the Philippines, Russia and the United States.

CPF’s business growth has been driven mainly by overseas investments in 17 countries, which bring more than 70 per cent of the company’s revenue of more than Bt500 billion. The revenue generated in Thailand is approximately 27-28 per cent of total revenue while exports from Thailand constitute only 5 per cent. Though exports are affected by the dollar-baht exchange rate, imports of raw materials have balanced the foreign exchange impacts.

Adirek admitted that a drought, anticipated to be more severe next year, may negatively affect Thailand’s agricultural sector which relies heavily on water. However, he added that CPF’s livestock business was supported by abundant water sources but the company may face a slight increase in production cost due to the cyclical adjustment in raw material prices. Amid this situation, CPF will maintain its emphasis on production efficiency, cost management, and the quality of products and services, he said.

A wondrous tale: the naga conquers the demon in the new hi-tech show at Tribhum Phuket #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379818?utm_source=category&utm_medium=internal_referral

A wondrous tale: the naga conquers the demon in the new hi-tech show at Tribhum Phuket

Dec 25. 2019
By THE NATION

114 Viewed

​​​​​​​”Tribhum: The Mystical Three Worlds”, the world’s first 3D walkthrough adventure theme park in Phuket, is celebrating the New Year by launching a new live show called the “Mechanism Thai Art: Naga Conquers Demon” that fuses multimedia elements with advanced world-class techniques.

It will kick off at the Anodard Extreme Theatre on December 26 and will be staged 4 times a day at 1pm, 2.30pm, 5pm, and 6.30pm.

“The Mechanism Thai Art: Naga Conquers Demon aims to pass on the heritage of Thai art and culture in a contemporary way through an inspiring story taken from a traditional folk tale and re-designed to entertain the audience by sparking their imagination,” said Wiwat Eurvongvaranont, vice president of Attraction, Property Management at Central Pattana (CPN) and director of Tribhum Theme Park.

“This upcoming new live-show portrays how angels and animals of the Himmapan forest fight to protect the Amarit (holy water) from the Demon, yet they are unable to tackle him. When one of deities joins the blessing ceremony of the Amarit at Krailas Mountain, the Naga is called upon to conquer the Demon. The audience will marvel at the live show created with contemporary Thai art, fusing multimedia elements and a stunning light and sound show delivered with advanced world-class techniques. Large robotic puppets are featured using projection mapping that radiates onto a gigantic mountain. It’s not only entertaining, but the show also inspires the audience with its philosophy, showing how good definitely conquers evil,” he added.

“Tribhum: The Mystical Three Worlds” has been open for nine months and Wiwat says it has been warmly welcomed by both Thai and foreign tourists. “A global destination that is different from other attractions, the Tribhum suits tourists of all genders, ages and lifestyles. Everyone can experience and enjoy their time here together. There are photospots for visitors that feature astonishing day and night landscapes. We have continued to develop new attractions by focusing on branding the Tribhum characters. Our use of technology on our online platform underlines the Tribhum as the world-class man-made attraction landmark that tourists can’t miss.”

The Tribhum Vision 2020 aims to see the theme park become a global destination that delivers exciting experiences through a business roadmap which embraces 9 strategies.

The first is joining forces with partners in public and private sectors, including the Tourism Authority of Thailand, international airlines, telecommunications service providers, financial institutions, hotels and the digital platform business sector.

The second is holding exclusive sales promotional activities for target groups, such as honeymooners, family tourists, adventure and green tour groups. The third is sales promotional campaigns offered at special prices through B2B and B2C agents.

The fourth is expanding the free independent traveller (FIT) market together with online travel agents in both the domestic and international markets. The fifth is consistently creating fresh activities and festival events that respond tothe tourists’ needs.

The sixth is supporting sales efforts to public and private educational institutions, as well as local administration offices to promote tourism that allows for learning. The seventh is expanding ticketing sales at http://www.tribhum.com, so that tourists can buy their tickets from all over the world.

The eighth is emphasising promotion through micro influencers, to increase popularity from real experience by using powerful word-of-mouth approach. The last is growing as an ideal MICE Destination that responds to the needs of new creative events in a comprehensive way.

Wiwat Eurvongvaranont

Wiwat Eurvongvaranont

To celebrate the long holiday, the Tribhum offers special promotions for Thai visitors. Adult visitors can buy a ticket for only Bt750 down from Bt1,500 and pay Bt350, down from Bt750, for children. The offer is valid from December 26 until January 31, 2020 and tickets are valid for 6 months from December 26. Ticket can be purchased at H.I.S. Thailand Tour (02) 022 0917 or visit http://www.tooktrip.com, Line: @tooktrip, or http://www.facebook.com/tooktrip, Ticket2Attraction (02) 138 3921 or (095) 504 8282 or visit http://www.ticket2attraction.com, Line: @ticket2attraction, orwww.facebook.com/ticket2attraction.

Uber co-founder Travis Kalanick to leave the company’s board #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379810?utm_source=category&utm_medium=internal_referral

Uber co-founder Travis Kalanick to leave the company’s board

Dec 25. 2019
File Photo/Getty Images

File Photo/Getty Images
By The Washington Post · Rachel Siegel ·

1,001 Viewed

Uber co-founder Travis Kalanick will resign from the company’s board of directors at the end of this year, marking a final exit for the tech entrepreneur who helped launch the ride share start up 10 years ago and grew it into a Silicon Valley giant.

On Tuesday, Uber said Kalanick would leave the board “to focus on his new business and philanthropic endeavors,” though it did not cite specifics. Kalanick resigned as the company’s chief executive in 2017 after several chaotic months that ended in a shareholder revolt. That resignation also came in the wake of a series of scandals tied to Uber’s aggressive workplace culture.

“Uber has been a part of my life for the past 10 years,” Kalanick said in a statement. “At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits.”

Kalanick had been winding down his shares of the company. In the past few weeks, Kalanick sold more than $2.5 billion in Uber stock, comprising more than 90 percent of his stake.

Investors will be glad to see Kalanick and Uber part ways, especially given the company’s financial tumble since its initial public offering in May, Daniel Ives of Wedbush Securities wrote in an analyst note.

“With ripping the band-aid off and Travis leaving stage left on the Board, we believe now its about [CEO Dara Khosrowshahi] & Co. taking Uber in the right direction for 2020 and beyond after a rough road so far,” Ives wrote.

In March 2018, Kalanick announced the creation of an investment fund dubbed 10100 that would be “home to my passions, investments, ideas and big-bets.” At the time, Kalanick said the investments would focus on large-scale job creation and that the portfolio would encompass real estate, e-commerce and emerging technologies in China and India. He said he would also work on nonprofit projects surrounding education and the future of cities.

Last month, The Wall Street Journal reported that Kalanick was also leaning into real estate and the food-delivery business. Through CloudKitchens, Kalanick aims to build commissary kitchens that can be used by food-delivery businesses. The idea is for restaurants to rent kitchen space in industrial buildings to make it cheaper for them to get food out to customers via Uber drivers and other delivery services.

Sony can’t make image sensors fast enough to keep up with demand #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379808?utm_source=category&utm_medium=internal_referral

Sony can’t make image sensors fast enough to keep up with demand

Dec 25. 2019
A Sony Corp. A9 mirrorless digital camera. MUST CREDIT: Bloomberg photo by Akio Kon/Bloomberg

A Sony Corp. A9 mirrorless digital camera. MUST CREDIT: Bloomberg photo by Akio Kon/Bloomberg
By Syndication Washington Post, Bloomberg · Pavel Alpeyev, Yuki Furukawa

1,064 Viewed

Sony Corp. is working around the clock to manufacture its in-demand image sensors, but even a 24-hour operation hasn’t been enough.

For the second straight year, the Japanese company will run its chip factories constantly through the holidays to try and keep up with demand for sensors used in mobile phone cameras, according to Terushi Shimizu, the head of Sony’s semiconductor unit. The electronics giant is more than doubling its capital spending on the business to 280 billion yen ($2.6 billion) this fiscal year and is also building a new plant in Nagasaki that will come online in April 2021.

“Judging by the way things are going, even after all that investment in expanding capacity, it might still not be enough,” Shimizu said in an interview at the Tokyo headquarters. “We are having to apologize to customers because we just can’t make enough.”

It’s now common to see three lenses on the back of a phone as manufacturers lean on camera specs as a hard number to nudge customers into upgrading. The latest models from Samsung Electronics Co. and Huawei Technologies Co. boast resolutions in excess of 40 megapixels, can capture ultrawide-angle images and come with depth sensors. Apple Inc. this year joined the fray with a triple-camera iPhone 11 Pro. That’s why even as smartphone market growth plateaus, Sony’s sales of image sensors continue to soar.

“The camera has become the biggest differentiator for smartphone brands and everyone wants their social media pictures and videos to look nice,” said Masahiro Wakasugi, an analyst with Bloomberg Intelligence. “Sony is riding that wave of demand very well.”

Semiconductors are now Sony’s most profitable business after the PlayStation. The company in October raised its operating income outlook for the chip unit 38% to 200 billion yen in the year ending March 2020, after second-quarter profit jumped by almost 60%. Sony forecasts revenue from its semiconductor division will climb 18% to 1.04 trillion yen, of which image sensors account for 86%.

The company has also been plowing a lot of the profit right back into the business with plans to invest about 700 billion yen ($6.4 billion) in the three-year period ending March 2021. Most of the spending will go to boosting monthly output capacity of image sensors to 138,000 wafers from about 109,000 now. Samsung, Sony’s biggest rival in this space, said at its most recent earnings call that it’s also boosting production to meet demand, which it expects will remain strong “for quite some time.”

Sony in May said it controls 51% of the image sensor market as measured by revenue and is targeting a 60% share by fiscal 2025. Shimizu estimates Sony’s portion of the pie grew by a few percentage points this year alone.

Like many important technological breakthroughs of the late 20th century — from the transistor to lasers and photovoltaic cells — image sensors were invented at Bell Laboratories. But it was Sony who succeeded in commercializing the so-called charge-coupled devices. Its first product was an “electronic eye” installed on All Nippon Airways jumbo jets in 1980 to project images of landing and takeoff from the cockpit. Kazuo Iwama, who as a vice president was key to pushing through the initial decade-long development slog, passed away before the successful launch of the camcorder business in 1985. Iwama’s tombstone bears a CCD sensor to mark his contribution.

Sony is now looking to a new generation of sensors that can see the world in three dimensions. The company uses a method called time of flight that sends out invisible laser pulses and measures how long they take to bounce back to create detailed depth models. This helps mobile cameras create better portrait photos by more precisely selecting the background to blur out, and it can also be applied in mobile games, where virtual characters can be shown realistically interacting with real-world environments. If used on the front of the phone, TOF sensors allow for hand gestures and facial motion capture for animated avatars.

Samsung and Huawei have already unveiled flagship models with 3-D sensors. Apple is rumored to introduce a 3-D camera to its lineup in 2020. Shimizu declined to comment on specific customers, but said Sony is ready to meet what it expects will be a significant increase in demand next year.

“This was the year zero for time of flight,” Shimizu said. “Once you start seeing interesting applications of this technology, it will motivate people to buy new phones.”

Months of tumult preceded Boeing CEO’s firing #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379788?utm_source=category&utm_medium=internal_referral

Months of tumult preceded Boeing CEO’s firing

Dec 24. 2019
File Photo:Boeing Suspends 737 MAX

BRUSSELS, BELGIUM - DECEMBER 18: 4 Boeing 737 MAX from TUI fly Belgium are docked in Brussels on December 18, 2019. On December 16, 2019, Boeing announced: 'Safely returning the 737 MAX to service is our top priority. We know that the process of approving the 737 MAX's return to service, and of determining appropriate training requirements, must be extraordinarily thorough and robust, to ensure that our regulators, customers, and the flying public have confidence in the 737 MAX updates. As we have previously said, the FAA and global regulatory authorities determine the timeline for certification and return to service. We remain fully committed to supporting this process. It is our duty to ensure that every requirement is fulfilled, and every question from our regulators answered. Throughout the grounding of the 737 MAX, Boeing has continued to build new airplanes and there are now approximately 400 airplanes in storage. We have previously stated that we would continually evaluate our production plans should the MAX grounding continue longer than we expected. As a result of this ongoing evaluation, we have decided to prioritize the delivery of stored aircraft and temporarily suspend production on the 737 program beginning next month.' Created in 2004 under the name of TUI Airlines Belgium, it took over, after the bankruptcy of Sobelair, which until then had been the main airline of the tour operator Jetair, to transport Belgian tourists to their destination. On October 19, 2016, Jetairfly and the other companies in the TUI group were renamed TUI Airlines to bring together the different brands of the group under the same name. (Photo by Thierry Monasse/Getty Images)

File Photo:Boeing Suspends 737 MAX BRUSSELS, BELGIUM – DECEMBER 18: 4 Boeing 737 MAX from TUI fly Belgium are docked in Brussels on December 18, 2019. On December 16, 2019, Boeing announced: ‘Safely returning the 737 MAX to service is our top priority. We know that the process of approving the 737 MAX’s return to service, and of determining appropriate training requirements, must be extraordinarily thorough and robust, to ensure that our regulators, customers, and the flying public have confidence in the 737 MAX updates. As we have previously said, the FAA and global regulatory authorities determine the timeline for certification and return to service. We remain fully committed to supporting this process. It is our duty to ensure that every requirement is fulfilled, and every question from our regulators answered. Throughout the grounding of the 737 MAX, Boeing has continued to build new airplanes and there are now approximately 400 airplanes in storage. We have previously stated that we would continually evaluate our production plans should the MAX grounding continue longer than we expected. As a result of this ongoing evaluation, we have decided to prioritize the delivery of stored aircraft and temporarily suspend production on the 737 program beginning next month.’ Created in 2004 under the name of TUI Airlines Belgium, it took over, after the bankruptcy of Sobelair, which until then had been the main airline of the tour operator Jetair, to transport Belgian tourists to their destination. On October 19, 2016, Jetairfly and the other companies in the TUI group were renamed TUI Airlines to bring together the different brands of the group under the same name. (Photo by Thierry Monasse/Getty Images)
By The Washington Post · Rachel Siegel 

1,323 Viewed

Dennis Muilenberg’s firing Monday came after more than a year of controversy over the 737 Max, which had become Boeing’s biggest seller, largely on promises that it required no retraining of pilots already proficient in flying earlier 737 designs.

That, however, turned out to be, at best, an exaggeration when two crashes led to the discovery that a software program intended to help fly the planes actually made them difficult to control under certain conditions. Some pilots weren’t even aware that the software had been installed on the planes.

Families of the more than 300 people who died in the two crashes have charged that Boeing should have known that its planes were vulnerable to crashes and that regulators in the United States were lax in allowing Boeing essentially to self-certify that the planes were safe.

Here’s a timeline of how that controversy unfolded.

– – –

Oct. 29, 2018

A 737 Max jet operated by Indonesia’s Lion Air crashes into the Java Sea after takeoff, killing 189 people. Suspicion immediately falls on control problems that the pilots had reported to the control tower after takeoff. A preliminary accident report released Nov. 28, 2018, suggests that a malfunction of a software system known as MCAS, or the Maneuvering Characteristics Augmentation System, played a role in the crash. Boeing defended the MCAS, noting that a manual instructed pilots how to turn the system off if it malfunctioned.

– – –

March 10, 2019

Another Max 8 crashes in Ethiopia, killing 157 people. As in the previous crash, investigators found that bad information from an external sensor caused the MCAS to automatically push the plane’s nose down repeatedly.

– – –

March 11, 2019

Ethiopia grounds all Max 8 aircraft, saying that while it has not yet determined the cause of the crash, grounding was an extra safety precaution. China also announces that its airlines are suspending flights of the aircraft.

– – –

March 12, 2019

Amid growing pressure to ground the planes throughout the world, Muilenburg calls President Donald Trump and says the planes are safe. The Federal Aviation Administration asserts that the planes are airworthy.

– – –

March 13, 2019

The FAA changes course after Canadian authorities announce that they would ground the aircraft. Trump tweets the news himself: “Any plane currently in the air will go to its destination and thereafter be grounded until further notice,” he says. “The safety of the American people, and all people, is our paramount concern.”

– – –

March 27, 2019

Boeing announces that it will issue fixes to the MCAS software but that it still believes pilots will require minimal training to operate the system.

– – –

April 4, 2019

Boeing announces that it has found a second software flaw in the 737 Max design, unrelated to MCAS. It says it is working to fix that flaw, which involves flaps that control the plane’s movement. The same day, a preliminary report on the Ethiopian crash says that the pilots performed all the procedures Boeing had recommended to disable the MCAS software, but that the plane had crashed anyway.

– – –

Oct. 14, 2019

Muilenberg, who has served as both the company’s chief executive and its chairman, is stripped of his chairman title in a move the board says would help him focus on fixing the 737 Max problem.

– – –

Oct. 25, 2019

Indonesia’s National Transportation Safety Committee issues its final report on the Lion Air crash, blaming the MCAS software system for the crash and saying that Boeing had been incorrect in its assumptions about how pilots would react if the system malfunctioned.

– – –

Oct. 29, 2019

Muilenberg appears before the Senate Commerce Committee but declines to back legislation that would give the FAA a stronger role in certifying that aircraft are safe to fly.

– – –

Nov. 11, 2019

Boeing announces that it intends to resume delivering 737 Max aircraft to customers in December and that it believes airlines would be able to resume flying the planes in January.

– – –

Dec. 11, 2019

FAA Administrator Stephen Dickson says that he won’t clear the plane to fly before 2020 and that the agency is investigating 737 production issues in Boeing’s factory in Renton, Washington. Approval is not likely until at least February and could be delayed until March, U.S. officials tell Reuters.

– – –

Dec. 12, 2019

Muilenberg meets with Dickson. Boeing subsequently announces that it will not seek early FAA approval to begin shipping 737 Max aircraft to customers.

– – –

Dec. 16, 2019

Boeing announces that it will temporarily suspend 737 Max production in January. The next day, Southwest Airlines, Boeing’s largest 737 Max customer, announces that it has pulled the aircraft from its flight schedules through April.

– – –

Dec. 23, 2019

Boeing’s board of directors announces that it has fired Muilenberg, effective immediately, and that he will be replaced by Chairman David Calhoun, starting Jan. 13.

Uber knows more about its rape problem than anyone else. What should it do with that data? #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379767?utm_source=category&utm_medium=internal_referral

Uber knows more about its rape problem than anyone else. What should it do with that data?

Dec 24. 2019
By The Washington Post · Faiz Siddiqui

2,055 Viewed

SAN FRANCISCO – For the first time in its history, Uber this month reported data on the dangers of sexual assault on its app. Now it’s facing calls to action, requiring the ride-hailing giant to make tough decisions on how to balance victims’ wishes with demands to report dangerous riders and passengers to local regulators or law enforcement – or both.

The dilemma: Does Uber have an obligation to tell authorities what it knows about potentially dangerous users of its app – or do more to ensure victims come forward?

Uber doesn’t automatically go to police with the reports, which include potential felonies. Instead, it says it has adopted victim-centric policies aimed at leaving the decision to report up to the complaining party.

That means law enforcement was involved in only 37 percent of reported rape cases, Uber said in its safety report. Uber disclosed that roughly 6,000 reports of sexual assault and 464 allegations of rape took place in its rides over the course of 2017 and 2018.

It’s a complicated matter. Some institutions including universities and transit authorities encourage reporting to law enforcement as a way to nab potential repeat offenders and protect public safety at large. But many advocacy groups say the decision should be left entirely up to the victim, citing the additional trauma of facing the perpetrator, the pain of being forced to testify and the relatively low likelihood of a conviction.

Those conflicting viewpoints have led to soul-searching at the ride-hailing giant.

“I think our responsibility is great; it is enormous. But I wouldn’t for a second pretend to make these decisions on a stand-alone basis,” Uber CEO Dara Khosrowshahi said in an interview with The Post earlier this month, referring to the more than 200 advocacy groups Uber consulted with on the issue. “We run a platform, but it’s ultimately taking input from the advocates and understanding what the best survivor-centric responses are. And their advice is this: The survivor should decide.”

Uber spokeswoman Brooke Anderson said the company is working on developing best practices for victims who do want to report, and it’s developing a policy that would enable two-way information sharing on deactivated drivers with rival Lyft and others. Uber currently directs victims to RAINN, the Rape, Abuse & Incest National Network, for support services and for assistance going to police, should they choose that route.

The report, an 84-page summation of Uber’s safety problems such as sexual assault, violent crime and road deaths, laid bare the platform’s problems in the wake of its meteoric growth over the past decade. In part because Uber and Lyft have so quickly changed the transportation landscape – pushing aside taxis and pulling riders from traditional transit options – government agencies were caught flat-footed in their efforts to regulate them. Uber alone shuttles passengers on more than a billion U.S. rides per year, using public roads and infrastructure to conduct its business.

In the wake of the report, presidential candidates slammed Uber for what they said was its role in creating a climate of sexual assault.

“Uber’s safety investigators are reportedly more concerned about protecting their company from liability than protecting passengers and drivers,” said Sen. Elizabeth Warren, D-Mass., a Democratic presidential candidate, in a tweet responding to Uber’s report.

Uber disputed the allegation by investigators that protecting the company came first, following a Washington Post report in September that said its safety investigators were coached to act in the company’s interest first.

Lawmakers have had some success in exerting pressure to institute thorough background checks and better safety measures, but Uber and Lyft didn’t appear before a House Transportation subcommittee hearing called in October.

In large part, the companies are navigating new territory, legal and regulatory experts say, and there aren’t established guidelines for how private companies collecting information about sexual assault on their platforms should act.

Uber has taken a different tactic in London, after officials there cracked down on what they saw as “a lack of corporate responsibility in relation to a number of safety issues,” according to the transportation authority Transport for London, including Uber’s “approach to reporting serious criminal offences.”

In response, Uber adopted a framework to share information with police when serious cases arose. “Our new approach will pass directly to the police information about any serious incident reported to us by riders,” the company says of the London policy on its website.

That’s in direct contradiction to its policy in the U.S.

“Cities formulate their own rules and regulations,” Uber’s Anderson said. “Our survivor-centric policy stands globally and we continue to work with law enforcement to support survivors and investigations.”

Police departments and transit authorities generally encourage reporting in an effort to ensure those who allegedly commit sex crimes – many of whom are likely repeat offenders – are known to authorities.

In the year after a campaign called “Report It to Stop It” launched, Transport for London said, “reports of unwanted sexual behaviour on public transport increased by 33% compared to the previous year and arrests increased by 36%.”

New York’s Metropolitan Transportation Authority has taken a similar position, urging reporting from victims and witnesses.

Some legal experts who think Uber should report its findings to law enforcement in the United States compared the company’s role to that of a college administrator bound by Title IX, the civil rights law and accompanying set of federal university guidelines on sexual assault.

“It’s not unlike what happens at the college level,” said Andrew Miltenberg, a Title IX attorney at Nesenoff & Miltenberg LLP who has represented students accused of sexual assault. “They both gather information, they both are willing to provide services, they both have a mechanism by which to make some determination to speak to witnesses, and yet they have ultimately no real authority to turn in someone or make a local complaint with law enforcement.”

Many advocates for victims of sexual assault, however, argue victims should have full control over whether to report – a position Uber has used to argue it shouldn’t refer individual cases to law enforcement for investigation unless the victim wants to file a complaint. For victims, the legal process can be a lengthy ordeal with little possibility for justice – less than 1 percent of incidences of rape resulted in a felony conviction, according to an analysis from RAINN, a nonprofit that provides victim support services. Victims pay the highest cost, advocates say, reliving their trauma over and over, in many cases feeling that they aren’t fully believed or supported by the justice system.

Even though a study by researchers found that women who were encouraged to report by friends or family were the most likely to, Heidi M. Zinzow, a Clemson University associate professor of psychology who was among those who conducted the study, said the mere presence of a positive association between encouraging and reporting does not suggest entities should advise rape victims to go to the authorities. Zinzow said institutions should help people understand what options are available to them, whether it might involve a loss of anonymity, whether there were advocates who could help them and what the available resources might be.

“The focus should be on helping victims to make an informed decision about whether to file a report,” she said. “As a society, of course we want the perpetrators to be reported so we can assign punitive consequences to them, but we also have to take into account the impact on the victims.”

Uber’s decision was made with the help of advocacy groups, including RAINN, who was contracted as an outside expert to provide services including specialized training for safety agents and institute a dedicated hotline for victims, according to Anderson. Uber did not say how much RAINN was paid.

But by not reporting the assaults, critics note, Uber may also help shield itself from legal liability.

Miltenberg, the Title IX attorney, said Uber has saddled itself with a “moral quagmire” by serving as a witness to potential crimes that it has no obligation to share with anyone else in real time. The problem could only become more prominent as Uber takes increasing measures, such as piloting audio recording for safety, that could capture evidence of potential crimes on a massive scale.

“How much of a responsibility does John Q. Public have when they see something that seems like a violation of the law, whether it’s violence or not?” he asked.

Now that the information is out there, some advocacy groups said, it is incumbent on Uber to use it proactively.

“Taking steps to protect safety based on the information that they do have about individuals either as riders or as drivers is one obvious responsibility I would feel that they have,” said Daniele Staple, executive director of the Las Vegas-based Rape Crisis Center, a group that provides support services for victims of rape and sexual assault, and encourages reporting to law enforcement on its website. “And then to . . . look at that data and try to create policies that use that data to make the experience safer.”

At a local level, some community advocates are pressing Uber for information on the scale of the problem happening in their neighborhoods – without identifying details for victims.

Denise Rucker Krepp, a neighborhood commissioner in Washington and former chief counsel for a U.S. Transportation Department agency under the Obama administration, said Uber should hand over localized data because it is a service operating in the public domain.

In a letter drafted by Krepp this month, 13 local neighborhood commissions wrote Uber’s CEO asking how many DC drivers and riders were sexually assaulted. They also asked for information on how many financial settlements the company had entered into relating to riders’ and drivers’ reports of sexual assault in the District.

“If they’re able to come up with numbers, then they know where the incidents are occurring,” she said. “They have this information, they need to share it.”

Five things to watch in European luxury-goods stocks in 2020 #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379766?utm_source=category&utm_medium=internal_referral

Five things to watch in European luxury-goods stocks in 2020

Dec 24. 2019
By Syndication Washington Post, Bloomberg · Albertina Torsoli 

1,209 Viewed

For the owners of red-hot luxury brands such as LVMH’s Louis Vuitton and Kering SA’s Gucci, 2019 turned out to be a spectacular year in the stock market, confounding the dire predictions from some analysts. It may be hard to replicate that feat in 2020.

Kering and Hermes International have each surged 37% this year, while juggernaut LVMH has jumped 56%, adding 73.7 billion euros ($82 billion) to its market value. Handbags, dresses and bottles of Champagne flew off the shelves even as social unrest in Hong Kong, protests in France and a U.S.-China trade war dented consumer demand.

The end of the year saw easing trade tensions and signs of more solid economic growth, but with a lot of good news already reflected in the luxury giants’ share prices, it remains to be seen how much further they can rally.

Below are five things investors in luxury stocks should look out for in 2020:

– China slowdown?

While analysts predicted a drop in demand from affluent Chinese clients for 2019, some are saying that slowdown could really take place in 2020. China’s economy grew in the third quarter at the slowest rate in decades, and forecasters see it slowing further next year.

For now, though, mainland China, where spending is beating all expectations, and Europe, thanks to its weaker currency, look like “shopping hot spots” in 2020, says Deborah Aitken of Bloomberg Intelligence.

The trend in mainland China also is enabling the companies with the strongest Asian networks, such as LVMH, Kering and Moncler SpA, to widen their lead over “out-of-favor” U.S. prestige brands like Tapestry Inc.’s Coach and Capri Holding Ltd.’s Michael Kors, Aitken said.

– Takeover targets

After LVMH’s $16.2 billion deal for Tiffany & Co. and talks between Kering and Moncler, more mergers and acquisitions are sure to follow. Switzerland’s Richemont, a laggard among the luxury conglomerates, remains the ideal target for companies such as Kering, says Sanford C. Bernstein’s Luca Solca.

Speaking of laggards, attention may finally turn to smaller companies that have struggled to boost sales, such as Salvatore Ferragamo SpA and Tod’s SpA. Other potential Italian targets include Prada SpA and Brunello Cucinelli SpA, as well as closely held companies Giorgio Armani SpA, Valentino SpA, Missoni SpA and Sergio Rossi SpA. One wild card: Closely held Chanel could tie up with Richemont, or sell shares in an initial public offering, Solca said.

– Social unrest

Hong Kong upheaval will continue affecting luxury-goods companies from Swatch Group AG to Prada. An end to the protests in the former British colony would bolster sentiment on watchmakers, among the most hit by the disruption, says Morningstar Inc. analyst Jelena Sokolova. For now, there are no signs of an end.

And it’s not only Hong Kong. France’s yellow vest protests are over, but now the epicenter of the luxury industry is being hit by a prolonged strike, and there’s been social unrest in parts of Latin America and the Middle East.

– Turnaround stories

There are plenty of “under-managed” companies that are likely to be in the spotlight in 2020, said Bernstein’s Solca. Swatch, which refuses to cut production and didn’t anticipate the “massive” competition from smartwatches, is one example, he says, as is Richemont, stuck with a slower-than-expected integration of e-commerce platform Yoox Net-a-Porter. Representatives of Swatch and Richemont declined to comment.

Meanwhile, other brands are seen as making progress on their turnaround. Burberry Group Plc, which is being reinvigorated by star designer Riccardo Tisci, and Kering’s Bottega Veneta are showing “encouraging signs” and are the brands to keep an eye out for in 2020, said Morningstar’s Sokolova.

– Sustainability divide

Sustainability is becoming an ever-more-important theme for clients splashing out on pricey handbags and designer clothes, says Anne Le Borgne, who runs luxury-stock funds for Amundi SA’s CPR Asset Management.

“Customers want to know what product they’re buying, where it comes from and what materials it’s made of,” she says. “Investors also are on the hunt for investments that don’t hurt the planet. It wasn’t a topic, really, a year ago.”

Growing at twice the pace of global luxury goods, the second-hand market could reach $27 billion in 2020, says BI’s Aitken, damping demand for new products. The sustainability push means investments that hadn’t been previously earmarked, further widening the gap between luxury leaders and laggards, says Le Borgne, and could lead to further M&A, as companies that don’t get it right end up gobbled up by rivals.

Guidelines set for solving EXAT-BEM disputes #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379768?utm_source=category&utm_medium=internal_referral

Guidelines set for solving EXAT-BEM disputes

Dec 23. 2019
By THE NATION

1,031 Viewed

The Transport Ministry will submit to the Cabinet tomorrow (December 24) details of the guidelines for settling the legal disputes between Expressway Authority of Thailand (EXAT) and Bangkok Expressway And Metro Plc (BEM).

The ministry’s permanent-secretary Chaiwat Thongkamkoon has said that after more than eight rounds of negotiations to settle the issues, a conclusion was reached that EXAT would extend the concession terms for three expressway contracts for BEM in order to end the 17 disputes between them worth a total of Bt58.873 billion.

If the guidelines are approved by the Cabinet, the ministry will assign EXAT to hold talks with BEM on the details.

If accepted by BEM, a contract will be drawn up, to be examined by the Office of the Attorney General and the ministry. The ministry will then submit the final contract to the Cabinet.

As part of the settlement, EXAT will extend the BEM concession term of operation of Part II Expressways (A, B, and C sections) by 15 years and 8 months from the original concession expiration date of February 29, 2020.

It will extend the concession term of Part II Expressways (D section) by another eight years and six months from the original expiry date of April 22, 2027.

The concession of the Bang Pa-in – Pakkred Expressway (C+ section) will be extended by another nine years and one month from the original ending of September 27, 2026.

He added that these processes should be completed in Janauray .

Both will also have to withdraw all 17 legal disputes before February 29, 2020. Of the total, 15 are complaints by BEM against EXAT.

King Power to be granted Don Mueang duty-free concession #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30379760?utm_source=category&utm_medium=internal_referral

King Power to be granted Don Mueang duty-free concession

Dec 23. 2019
By THE NATION

2,847 Viewed

The Airports of Thailand board agreed on Monday (December 23) to grant King Power Duty Free Co a duty-free concession at Don Mueang International Airport, AOT president Nitinai Sirismatthakarn said.

The concession would last for 10 years and six months beginning on October 1, 2022, Nitinai said.

He added thatKing Power offers a minimum guarantee in the first year of more than Bt1.5 billion (excluding VAT), which is higher than the amount AOT had expected to gain in the last year of the concession.

Both are expected sign a contract next month.