Range of products on sale at Makro as part of ‘Taste of Australia’ campaign
TUESDAY, OCTOBER 11, 2022
A variety of products from Australia are now available for Thai entrepreneurs and consumers at Makro nationwide until November 1 under the campaign “Taste of Australia”.
The campaign is a cooperation between wholesale business operator Makro, the Australian embassy and Australian Trade and Investment Commission, aimed at enabling business recovery for restaurants and hotel operators after the Covid-19 crisis.
“This move also aims to stimulate consumption among consumers who love to cook foods from quality ingredients,” Makro said.
More than 130 Australian products are available during the campaign, such as beef, mutton, turkey, Tasmanian salmon, yellowtail amberjack and abalone, which are popular among Thais.
Meanwhile, a variety of vegetables, fruits and other consumer products are also available, such as lettuce, celery, red onion, bravo apple, mandarin orange, cheese, yogurt and salad dressing.
Interested entrepreneurs and consumers can also purchase Australian products at the website: Makroclick.com.
Deloitte plans higher investment in Southeast Asia amid rapid growth in region
MONDAY, OCTOBER 10, 2022
Nongluck Ajanapanya
Leading professional consulting firm Deloitte is planning to invest more than usual in Southeast Asia to support the region’s rapid growth.
Deloitte’s chief executive officer for Asia Pacific, David Hill, said during an exclusive interview with The Nation that the Deloitte World Meeting in Rome in late September had approved a major investment to scale Southeast Asia, including markets in Thailand, Singapore, the Philippines, Malaysia, Indonesia, and Vietnam.
“We normally invest 7-8 per cent of revenue in this region. On top of that, we recently announced a $225-million scale investment in Southeast Asia for at least the next five years,” Hill stated.
The goal of this movement is to build Deloitte’s capability on the ground in Southeast Asia in order to win and deliver company services to clients seamlessly. It will also serve as an announcement for talent in Thailand and its neighbouring countries, ensuring that Deloitte is the employer of choice in every market in this region.
“The funding will come from both Deloitte Southeast Asia and Deloitte Global. We are committing to this region because we believe it is important,” Hill noted.
He explained that the Southeast Asia region will be 100 per cent more engaged in the global economy. Most developing countries in this region are becoming developed, which increases the need for professional services.
“Many major global institutions are moving and coming into the Southeast Asia region for reasons such as supply chain. Malaysia and the Philippines are relevant for chain services, Vietnam for manufacturing and supply chain, and Thailand for emerging technology such as blockchain and the financial services industry,” Hill pointed out.
He added that Southeast Asia has a growing population, a growing economy, a maturing professional services sector, and is a neutral region in terms of current geopolitical dynamics.
Furthermore, the region remains a source of low-cost operations with high-quality infrastructure, such as 5G connectivity, multilingual talent, and a wealth of resources.
Hill stated that Deloitte, which was recently named the No. 1 professional services firm in Asia Pacific and globally, will use its resources, knowledge, and technology to help the business navigate digital transformation, cloud migration, truly embracing all the abundant data, applying all appropriate technology to build digital twins, and optimising performance.
Besides, he stated that Deloitte will continue to provide its services to clients and their people in frictionless sustainable ways to serve the environment, social, and green (ESG) business trend.
“My objective is to ensure that our clients receive a seamless experience across Asia Pacific. It means it would be easiest for our clients to work with Deloitte across the region. And then for our people, to give them more opportunities to live and work across the region, particularly as we move into a post-Covid environment,” Hill added.
Deloitte currently operates in 150 countries and at more than 750 locations worldwide, employing over 345,000 people, with over 60,000 in Asia Pacific.
Deloitte’s aggregate global revenue for the fiscal year ending May 31, 2022 was US$59.3 billion, a 19.6 per cent increase over fiscal year 2021. In seven years, Deloitte’s revenue has increased by $24 billion, or 69 per cent.
BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism
MONDAY, OCTOBER 10, 2022
Nongluck Ajanapanya
BDMS Wellness Clinic has collaborated with Minor Hotels to launch BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort, with the goal of adding value to Thailand’s tourism industry through professional holistic wellness.
Dr Tanupol Virunhagarun, chief executive officer of BDMS Wellness Clinic, stated at a press conference on Monday that following the Covid-19 pandemic, people are more aware and prioritising preventive measures to improve their wellness and longevity. These needs drive medical and wellness tourism demand from tourists all over the world.
“It is regarded as the future of Thailand’s medical tourism industry, which is rapidly expanding. The trend is expected to continue once borders reopen following Covid-19. As a specialist in preventive and personalised medicine, BDMS Wellness Clinic recognises the sector’s growth potential and has decided to collaborate with Minor Hotels,” Tanupol said.
Thailand’s wellness tourism industry will experience rapid growth in the coming years, he said, citing a recent survey that found Thailand to be the second most popular medical tourist destination in the world, behind Australia.
“This newly opened Preventive Health Care Centre is providing ways in which guests can feel connected to nature while receiving counselling and medical services from a professional team,” Tanupol added.
Minor International Plc chairman William E Heinecke expressed confidence in Thailand’s medical and wellness tourism’s exponential growth.
He emphasised that this type of tourism is a global mega-trend. According to McKensy, the overall value of wellness tourism is US$1.5 trillion. It is expected to grow by 5-10 per cent per year from now on.
According to a recent research, “The Global Wellness Economy: Looking beyond COVID-19”, conducted by the Global Wellness Institute GWI), the growth of global wellness tourism is expected to be worth $7 trillion by 2025. Thailand will be the third country to be spotlighted on GWI’s “Geography of Wellness” microsite.
“The Covid-19 pandemic raised an alarm for health-conscious people as well as tourists. More consumers became more interested in preventive measures and in incorporating wellness into their lifestyles. Hence wellness tourists spent more time and more money per trip than the typical domestic tourist,” said Heinecke.
He insisted that Minor Hotels already recognises the increasing importance of wellness tourism or health tourism. Therefore, this is the right time for the collaboration between BDMS Wellness Clinic and Minor Hotels in launching BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort.
“I hope that this kind of collaboration will provide a new combination model for tourism business. We do have a plan to join BDMS to open this kind of centre in Phuket in the future,” said Heinecke.
“With BDMS’s expertise in healthcare, preventive medicine and personalised medicine, combined with prime location and the relaxing atmosphere of our hotel, we have confidence that our health-conscious guests will be touched by true wellness and these challenges will surely provide many opportunities to all parties involved,” Heinecke said.
Minor Hotels is one of Thailand’s largest hotel operators with over 535 hotels and over 75,000 guest rooms under its umbrella.
Once the Covid-19 virus is under control and borders are cautiously reopened, all areas of health and wellness tourism will soon be welcoming foreign wellness tourists, demonstrating Thailand’s resilience to the world, Tanupol said.
He expects this collaboration will encourage other stakeholders to participate in and invest in the country’s medical and wellness tourism.
Thailand is the ideal destination for wellness tourism for a number of reasons. He insisted that Thailand truly shines thanks to its plentiful food, stunning tourist attractions, highly qualified medical professionals, state-of-the-art medical technology, and first-rate amenities in hospitality services.
Siam Piwat launches flood relief campaign “Siam Ruam Jai Thais Help Thais”
SATURDAY, OCTOBER 08, 2022
THE NATION
Siam Piwat Group, a leading property and retail developer – the owner and operator of Siam Paragon, Siam Center, Siam Discovery and a joint-venture partner of ICONSIAM and Siam Premium Outlets Bangkok has teamed up with business partners, tenants and renowned brands together with staff under Siam Piwat Group, customers and the public to organize “Siam Ruam Jai Thais Helps Thais” flood relief campaign to provide aids to those affected by the unprecedented flood in many areas across Thailand.
Siam Piwat has been one of the pioneering private organizations that has continuously host disaster relief campaigns.
Join Siam Piwat today and be a part to support those in needs through donations at “Siam Ruam Jai Thais Help Thais” campaign, from 5-25 October 2022 at Parc Paragon, M Floor, Siam Paragon, 10.00-19.00 hrs.
Supplies donation is open to the public. Relief items needed are, for example, drinking water, packed or canned food, instant noodles, rice, snacks, toilet paper, medicine etc.
Siam Piwat will pack and pass the relief bags containing the donated supplies to non-profit organizations to help people in flood-affected areas, with our heartfelt care and support to those in needs. Supporting the campaign are Bio-Vera Lab Co., Ltd., Blue & White Logistics Co., Ltd., The British Dispensary (L.P.) Co., Ltd., Charoen Pokphand Foods PCL., C.P. Intertrade Co., Ltd., CPRAM Co.,Ltd., Dhipaya Insurance Public Company Limited, European Food Public Co.,Ltd., Freshair Festival Co. Ltd., Green Spot Co.,Ltd., Hanfa Co., Ltd., Lactasoy Co., Ltd., Inter Pharma PCL, Lison Vision Co.,Ltd., Muang Thai Life Assurance PCL., N. Ad Co., Ltd., Nestle (Thai) Co., Ltd., NEO CORPORATE CO.,LTD. , Nguan Chiang Food Industry Co., Ltd., Phiboonchai Maepranom Thai Chili Paste Co.,Ltd., Plan B Media PCL, Siam Health Group, Smooth E Co., Ltd., T.A.C. Consumer PCL, Tana Group International Co., Ltd., Thai Nakorn Patana Co., Ltd, Thai President Foods PLC, Thai Roong Ruang Industry Co., Ltd., Thanakorn Vegetable Oil Products Co., Ltd., Tia Ngee Hiang (Chaosua) Co.,Ltd., Step Solutions Co., Ltd. and Worth Innovation Co., Ltd.
In addition, the public can also contribute to flood relief through money donation box “The Thai Red Cross Society for Flood Relief” at Parc Paragon, Siam Paragon. The Thai Red Cross Society now invites the public to support the flood-affected areas across the country.
For more information, please call 0 2610 8000 or visit Facebook or application: ONESIAM
“InnovestX Securities” unveils new strategies for laying groundwork and driving the future of finance, investment, and digital assets
SATURDAY, OCTOBER 08, 2022
THE NATION
The company is introducing “InnovestX” the Super App that traverses the investment universe, creating a new ecosystem to accommodate the transforming contexts. InnovestX is determined to make it easier for everyone to enter the broader and all comprehensive investment and financial markets.
• Striving to become ASEAN’s leading provider of comprehensive digital asset investment and services. • Taking giant steps forward and getting ready for an IPO in three years.
To enter the digital asset business on a grand scale, “InnovestX Securities Co., Ltd.”, formerly known as SCB Securities Company Limited (SCBS), is revealing its new strategies under the concept of “Future of Finance Reimagined.” The company will focus on the future of the financial and investment industry’s ecosystem. The company is launching Thailand’s first super app called “InnovestX,” which pools together both domestic and international equities, mutual funds, bonds, and digital assets. InnovestX intends to work with the SCBX group of companies to provide essential investment financial infrastructure and a comprehensive suite of digital asset services, thereby laying a platform for future growth and increasing competitiveness. It plans to go public with a goal of four to five million customers within three years and a spot in the top five in the ASEAN region investment and digital asset business.
InnovestX Securities Co., Ltd. Chief Executive Officer Dr. Arak Sutivong, said, “Technology plays a significant role in reshaping the landscape and influencing the future of the financial sector, particularly blockchain technology, which is the broadly used and underlies digital asset technology. As a result, the financial world has expanded rapidly, creating new prospects in financial business and investment opportunities for everyone. Under the concept of “Future of Finance Reimagined,” InnovestX Securities has launched a major corporate strategy shift to both expand their traditional investment services and be ready to enter the digital asset market. The strategy will focus on the development of infrastructure and the future of the financial and investment ecosystem in order to make investments and digital assets accessible to everyone through a universe of equal investment opportunities enabled by technologies and innovations. InnovestX’s ultimate goal is to dominate the ASEAN investment and integrated digital asset segment.”
“Today, we have combined the power of technology with business savvy and investor knowledge to create a new platform called InnovestX App, Thailand’s first super app that unites all assets in a single app, including Thai stocks, international stocks, mutual funds, bonds, and digital assets. The application was designed based on the knowledge of the diverse demands of clients, whether rookie investors or experienced investors. We anticipate the InnovestX App expanding the number of investment options from across the world available to everyone, bringing them on par with those in industrialized nations. Ultimately, this will generate sustainable financial growth over the long term.”
“In response to the new context of the future financial and investment world, we are getting ready to establish the financial and investment infrastructure and ecosystem of the future based on blockchain technology and digital assets, leveraging blockchain technology and digital assets to adapt to the shifting landscape of the global context. Through rigorous study and the pursuit of new opportunities, we will join forces with SCBX Group companies such as Token X and SCB 10X to expedite the development of comprehensive digital asset services for Thai people to help them reap the most benefit.”
Dr. Arak concluded InnovestX’s business goals by saying that “Within three years, we anticipate the rise in number of users to reach four to five million and becoming one of the top five investment and digital asset businesses in ASEAN, while simultaneously preparing for the company’s listing and IPO”
InnovestX is the only securities company in Thailand that has both securities and digital asset brokerage licenses. The company is determined to take the industry to the next level by providing secure, transparent investment financial services and by collaborating with regulators to ensure that all customers receive the highest quality service.
The InnovestX Application is Thailand’s first “Super App” for investing, as it brings all asset classes in one app and strives to “understand investment demands” from every angle.
• Help rookie investors understand that starting to invest is not easy
The “Intelligent Portfolios” service is a Digital RM with automated intelligence technology to help manage investment portfolios. Investors can choose to personalize their investment in various styles, such as Guru portfolio, Goal-based portfolio, or Thematic portfolios. Investors do not need to have a million baht but can still gain access to a personal investment assistant.
• Understand the challenge of gaining access to any investment
Customers can invest in all assets, including Thai stocks, international stocks, mutual funds, bonds, and digital assets, by opening a single account. It features a convenient and bank-grade onboarding process.
• Understanding that assets must be diversified to generate superior results.
We enable users to invest in all assets through an all-in-one trading platform and single-view portfolio.
• Understand that opportunities exist across all asset classes.
For the first time, customers can invest in digital and other assets within a single app, with selected coins of exceptional quality. Connecting to key partner exchanges such as FTX, Coinbase, and Bitkub gives it the most liquidity.
InnovestX’s launching “Zero Gravity” campaign frees investors from costs, allowing them to freely explore the investment universe beyond limits.
ZERO Baht account opening fee! No minimum required.
ZERO Baht Intelligent Portfolios service fee!
ZERO Baht Brokerage fee for international stock investments totaling 100,000 baht and Zero Baht application fee for W8-BEN tax filing service
ZERO Baht Digital Asset Brokerage fee
InnovestX is a universal investment app that allows users to invest in all assets, anywhere. This offer is valid until December 31, 2022. Users will be able to download the app from October 8, 2022 onwards.
For further details, please visit www.InnovestX.co.th or InnovestX Facebook Page.
Customer experience key factor in determining subscriber growth for telecom providers, study finds
FRIDAY, OCTOBER 07, 2022
Nongluck Ajanapanya
Customer centricity will be the key to driving long-term growth for telecommunications (telecoms) providers, a recent survey found.
The joint study was conducted by Infobip, a leading omnichannel communications platform provider, and Kantar about what telecom subscribers want.
The objective is to understand what telecom subscribers want and, in turn, what telecoms around the world can do to improve their customer experience.
More than 3,000 telecom subscribers aged 18 to 69 in 15 countries worldwide participated in the study.
The findings disclosed that 53 per cent of subscribers switch operators due to poor customer service. Therefore, telecoms face challenges in becoming more customer-centric and communicating with subscribers through multiple channels in a unified manner.
Meanwhile, the top reason that respondents cited for switching telecom operators is too long to resolve their issue (48 per cent), followed by the need to contact the provider multiple times regarding the same issue (45 per cent), long waiting time to contact customer support (36 per cent), and getting transferred between agents and repeating their issues (35 per cent).
Other less-mentioned but notable causes included limited communication options, no replies from the operator to messages, no status updates upon issue resolution, and no 24/7 customer support.
Lim Jiun Kei, head of Operator Partnership Region APAC at Infobip, stated in an online press release on Friday that customer experience has now arguably become the most important factor driving customer loyalty and revenue growth in the telecommunications industry.
He also pointed out that the reasons customers change providers indicate a strong need for a holistic customer experience solution, also known as a “omnichannel communication solution”.
This omnichannel can assist telecoms in understanding their subscribers’ data, orchestrating personalised customer journeys, automating support, assisting agents in resolving customer issues with the availability of conversation history, and facilitating seamless cross-channel and chatbot to agent transfer.
The survey found that Covid-19 has also changed the way 60 per cent of subscribers interact with their telecom operator, with the use of digital channels increasing by 16-21 per cent while in-person communication has decreased.
Hence, as more people use digital channels for communication, omnichannel customer experience has become something they have come to expect.
Lim Jiun Kei said that the same goes for Thailand. He cited DataReportal, an online reference library, which found that Thailand’s internet penetration had increased to 54.50 million users, or 77.8 per cent of the total population. At the same time, people are now spending an average of around nine hours on the internet each day, an increase of 4.2 per cent from the previous year.
“To deliver a differentiating customer experience and stand out from the competition, telecoms must become far more agile, prioritise delivering a superior experience, embrace new technologies, and proactively direct subscribers to digital self-service channels that provide a frictionless journey,” he suggested.
Customers are now more technologically savvy and willing to try out new innovative products and services from their telecom providers, he concluded. They anticipate receiving digital self-service via an omnichannel approach that will ultimately deliver best-in-class customer experience.
Argentina, Brazil, Canada, Colombia, France, Germany, India, Indonesia, Mexico, Philippines, Portugal, South Africa, Spain, the United Kingdom, and the United States were the 15 countries surveyed.
Cryptocurrency ‘winter’ will last two years but now is time to invest, say experts
MONDAY, OCTOBER 03, 2022
Nongluck Ajanapanya
Two digital asset experts forecast that cryptocurrencies’ winter of discontent will last for another two years – but investors should prepare now for the crypto “spring”.
The advice came during a press conference to launch XSpring Digital, a digital-asset trading platform run by XSpring Capital (XPG).
The crypto winter will end in two years when the world economy resumes steady growth and normal inflation levels, predicted Kittitad Benjacharoenpat and Sanjay Popli.
Sanjay, the CEO of Cryptomind Advisory, explained that digital assets are still developing amid rising demand and case-use experiences. He forecast that in five years, the majority of Thais would have at least one e-wallet .
Kittitad, content creator for the “I Learn A Lot” page, noted that the cryptocurrency cycle over the past few years shows steep peaks and falls in value. The asset tends to face two or three years of bear market conditions before rising.
Although the market is in a bearish state, now is a great time to invest in cryptocurrencies before their value rises, Kittitad said. It’s also a good time for market participants to create and grow their ecosystem to prepare for the arrival of the bull market, he added.
Sanjay suggested that people should consider long-term cryptocurrency investment while closely monitoring the economic situation and continuing to educate themselves about digital assets.
“They can anticipate returns in three to four years,” Sanjay said. “Expecting to make money right away is unrealistic. Do your research to find cryptocurrencies with strong fundamentals, and don’t forget to diversify your holdings.”
Varangkana Artkarasatapon, president of XSpring Capital, said XSpring Digital will connect investment opportunities in financial markets to investments in digital asset markets, which are becoming more popular among all generations.
She added that XSpring Digital is part of the group’s ecosystem of financial services aimed at providing investors with a “Gateway to Greater Wealth”.
XPG is equipped with four digital asset licences from the Finance Ministry: Cryptocurrency Broker, Broker of Digital Tokens, Cryptocurrency Dealer, and Digital Token Dealer.
Tanasak Krishnasreni, deputy CEO of XSpring Digital, said XD was in a strong position due to its capital strength as a subsidiary of XPG, as well as experienced management team and financial market staff. The platform uses blockchain technology for security and convenience.
It has also been approved by the Securities and Exchange Commission (SEC) to operate as a digital token offering system provider (ICO Portal) specialising in asset tokenisation and digital token offering.
XD also boasts a strong research team providing analysis of the current digital asset market to aid investors’ decisions.
The platform has gained consistently positive feedback from users during the soft launch, XD said.
The company currently trades 23 cryptocurrencies and offers a digital token subscription platform on the primary market.
Tanasak expects XD to rank among the top three players in the digital asset market within three years, thanks to its user-friendly system, skilled and knowledgeable management team, and secure blockchain system.
Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industry
MONDAY, OCTOBER 03, 2022
Nongluck Ajanapanya
Thai pharmaceutical and medical device importer, Aestec Pharma, has joined forces with South Korean pharmaceutical powerhouse Hugel to hold regular seminars to boost the knowledge of aesthetic medical professionals in Thailand.
The move is part of plans to turn Thailand into Southeast Asia’s aesthetic medical hub, Hugel’s chief medical officer and vice president Hyoung Jin Moon said in an exclusive interview.
He said the aim is to provide professional training to Thai doctors and beauty service providers, who can then share their knowledge with their counterparts in neighbouring countries.
The first such seminar, entitled the “Aesthetics Master Class: Harmonise the Shape with Botulinum Toxin type A (BoNT-A)”, was held recently to impart knowledge on the safe application of rejuvenating active ingredients. The event also touched on the “reverse ageing” concept intending to raise the bar for the beauty industry.
Attending the seminar were top dermatologists, especially from South Korea, as well as more than 200 leading Thai doctors who shared their knowledge, insights, techniques and the latest in the beauty enhancement industry.
Aestec Pharma CEO Kasikit Phuangpinyo expressed confidence in Thailand’s aesthetics industry, saying demand was rising by 5 to 10 per cent per year, even during the Covid-19 pandemic. He added that initially, these academic seminars and workshops for professionals in the Thai aesthetics industry will be held every quarter.
The aim, he said, was to promote new technology and innovations, while also providing reliable information to the public and elevating standards, so medical service providers can give their clients a positive experience in the field of aesthetic medicine. The seminars will also bolster the company’s status as a pioneer in the field of aesthetic medicine.
“Everybody, regardless of age, wants to look good and young. There are many innovations and technologies in rejuvenation and anti-ageing right now,” he said. “It is our responsibility to provide the best solution and cutting-edge technology to Thai consumers.”
Hugel’s Moon said the concept of beauty in Thailand and South Korea are quite similar and expects Thailand to serve as a rejuvenation hub in the region.
Thailand is already well-known in the region for cosmetic surgery, especially gender reassignment procedures, and beauty enhancement treatments. Thai cosmetics are also starting to earn a name in the international market.
“The expansion of the beauty industry in South Korea and Thailand has similarities. We are everyone’s first thought when it comes to beauty,” he said.
“Obviously, this is due in part to the presence of medical specialists, the adoption of innovations and new techniques suited to Asians, and, last but not least, the availability of products that match international quality standards.
“The objective of this partnership is to provide the most possible value to customers, including both physicians and the general public. Along with the development of products such as Aestox, we plan to expand academic collaboration with many organisations,” Moon added.
Aestox is currently the top-selling wrinkle-reducing agent in both Thailand and South Korea. It is the only Korean brand accredited with international safety and quality standards.
Two Dragons of Yaowarat – Ratchawong districts join forces through two business groups with further investment to strengthen the alliance and drive the Thai economy
MONDAY, OCTOBER 03, 2022
THE NATION
September 30, 2022, Bangkok, Thailand – BTS Group Holdings Public Company Limited (BTS) and Saha Pathana Inter-Holding Public Company Limited (SPI) under an investment holding arm of Saha Group announced a cooperation as shareholders of Thanulux Public Company Limited (TNL).
Through this cooperation and restructuring, the two organisations will amplify TNL’s market value which will be worth more than THB 10bn.
Mr. Keeree Kanjanapas, Chairman of the Executive Committee of BTS Group said that, after the signing cooperation today, TNL will drive its business with Mr. Thamarat Chokwatana, who leads as Chairman of the Board; will begin to expand its businesses by investing into the big-ticket lending through Oxygen Asset Co., Ltd (Oxygen).
TNL will begin its expansion by investing within the secured lending business through investments in Oxygen worth approximately THB 4.3bn. Founded in 2021, Oxygen provides financing to customers, notably within the real estate industry. Its current portfolio stands at THB 2.5bn and focuses on securing large loans from clienteles. Additionally, it is anticipated that once the transaction date (subject to shareholder’s approval) has finalised, TNL will expand its operations into the collateral asset management business bringing the total of its investment portfolio to THB 3.5bn.
TNL will also jointly invest in high-potential real estate development projects with Noble Development Public Company Limited (NOBLE), through investments in seven more projects at a total value of more than THB 2.4bn. The total asset valuation from its initial business expansion stages is more than THB 6.7bn in value.
Mr. Boonsithi Chokwatana, Chairman of the Board of SPI said that, once again it is a pleasure that both organisations have invested in businesses together and believe that through this partnership it will be an extension to other businesses in the future; and also, an important milestone in raising the level of the alliances of Saha Group.
Both BTS Group and Saha Group are ready to be the foundation that propels the Thai economy. Both organisations having strong relation ties of more than 6 decades through friendship in doing businesses across 3 generations. It started from the pioneering generation of Dr. Thiam Chokwatana, the Founder of Saha Group and Mr. Mongkol Kanjanapas; having both lived in the old commercial district of Chinese people, namely Yaowarat Road, Dynasty and Songwad.
Pioneered businesses before WWII to the good relationship of the second generation is Mr. Boonsithi Chokwatana and Mr. Keeree Kanjanapas from the close friendship of both generations. And has been passed on to the third-generation heirs, resulting in both organisation having views and visions in doing businesses that complement each other leading to strategic business alliances. It is also important step to strengthen both organisations through succession of business concepts. Both in honesty and integrity towards building a stable and sustainable Thai economic base.
Fourgle – Thailand’s latest social-networking app with a difference
SUNDAY, OCTOBER 02, 2022
THE NATION
A Thai startup firm is launching a social-networking application under an “economy sharing” concept this month and hopes to draw a million users within this year.
Anuchit Anuchitanukul, CEO and co-founder of Fourgle (Thailand), said the Fourgle app will put make it easier for people to access information about everything, including people, places, timings and activities. He said the app aims to respond to changing lifestyles and give online businesses an added boost.
Anuchit said the app will allow users to tailor the content to match their lifestyles, as well as create or join communities that focus on their topics of interest.
The Fourgle (Thailand) startup has a registered capital of US$1 million and is currently valued at 400 million baht.
Co-founder Supat Pornnapha, who once worked in the United States’ Silicone Valley, said the app is currently at a closed-beta stage with some 160,000 users and a major e-commerce operator has expressed interest in it. He added that the app, set to be officially launched sometime this month, will initially focus on food communities, with its CookKlich feature allowing users to exchange recipes and cooking tips and tricks.
Fourgle has also joined hands with restaurants in Gaysorn Plaza, Amarin Plaza and other malls in Bangkok’s Ratchaprasong area.
Supat said next year the app expand to cover other topics like home decoration, interior design, fashion and tourism and will link up with relevant businesses.
“Fourgle aims to link up communities to create a useful legacy,” Supat said. “Users will be allowed to create their own content and the successful ones will be rewarded Fourgle coins that can be redeemed for goofs and privileges.”
Besides, he stated that Deloitte will continue to provide its services to clients and their people in frictionless sustainable ways to serve the environment, social, and green (ESG) business trend.
“The Covid-19 pandemic raised an alarm for health-conscious people as well as tourists. More consumers became more interested in preventive measures and in incorporating wellness into their lifestyles. Hence wellness tourists spent more time and more money per trip than the typical domestic tourist,” said Heinecke.
Although the market is in a bearish state, now is a great time to invest in cryptocurrencies before their value rises, Kittitad said. It’s also a good time for market participants to create and grow their ecosystem to prepare for the arrival of the bull market, he added.
Tanasak Krishnasreni, deputy CEO of XSpring Digital, said XD was in a strong position due to its capital strength as a subsidiary of XPG, as well as experienced management team and financial market staff. The platform uses blockchain technology for security and convenience. 
The company currently trades 23 cryptocurrencies and offers a digital token subscription platform on the primary market.
Aestec Pharma CEO Kasikit Phuangpinyo expressed confidence in Thailand’s aesthetics industry, saying demand was rising by 5 to 10 per cent per year, even during the Covid-19 pandemic. He added that initially, these academic seminars and workshops for professionals in the Thai aesthetics industry will be held every quarter.
Thailand is already well-known in the region for cosmetic surgery, especially gender reassignment procedures, and beauty enhancement treatments. Thai cosmetics are also starting to earn a name in the international market.
“Obviously, this is due in part to the presence of medical specialists, the adoption of innovations and new techniques suited to Asians, and, last but not least, the availability of products that match international quality standards.
Fourgle has also joined hands with restaurants in Gaysorn Plaza, Amarin Plaza and other malls in Bangkok’s Ratchaprasong area.
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