IDC aims to stay on leading edge

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http://www.nationmultimedia.com/detail/Corporate/30367718

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IDC aims to stay on leading edge

Corporate April 15, 2019 15:53

By JIRAPAN BOONNOON
THE NATION

NTT Communications (Thailand) will set up an innovation lab to provide artificial intelligence (AI), internet of things (IoT) and blockchain solutions to support the manufacturing and security insurance industries.

The firm is also investing Bt500 million to expand its data centre at Amata City Industrial Estate.

Manabu Kahara, president of NTT Communications (Thailand), said that the firm has moved to set up Innovation Lab in order to showcase various innovative solutions to support manufacturing and the security insurance industries in order to help them improve the efficiency and productivity of their businesses. He added that the firm within this year will invest around Bt500 million in order to set up the third-phase expansion of the Bangkok 2 Data Centre at Amata City Industrial Estate. When it opens in July, the centre will boast a high-density 1,200 square-metre space with 2,000-kilowatt power facilitates to support Thailand’s investment policy in Eastern Economic Corridor (EEC).

The large investment will enable equipping the centre with a high level of stability and data security, as well as being able to provide customers with comprehensive services. The centre’s latest phase will retain the benefits of Nexcentre with its focus on quality, flexibility and cost-efficiency in responding to the business expansion and industrial investment in the EEC area.

IDC reported that by 2022, 15 per cent of public cloud computing in Thailand will be based on non-x86 processors (including quantum). By then, organisations will be spending more on vertical software as a service (SaaS) apps than on horizontal apps.

By 2024, AI-enabled user interfaces and process automation will replace one-third of today’s screen-based apps in Thailand. Also, by 2022, 20 per cent of enterprises will use conversational speech tech for customer engagement. And by 2023, some 25 per cent of servers in Thailand will encrypt data at rest and in motion; over 20 per cent of security alerts will be handled by AI-powered automation, and 3.5 million people will have blockchain-based digital identities.

“Thailand offers the highest potential growth for our business in this region,” said Kahara. “The Thai government is still driving and supporting the Thailand 4.0 scheme and the EEC project. The top three business services that generate revenue to the company are networking, the data centre and cloud services. We will also focus on providing a hybrid cloud to the market.”

By the end of fiscal 2019, the firm expects to generate revenue growth of 10 per cent over last year, he noted, adding that it has around 1,000 enterprise and business customers. Around 50 per cent are Japanese companies, with local companies making up the rest, including international branches of US and European companies. Local companies are expected to reach 60 per cent of customers over the next three years.

Neuron Mobility gets go-ahead for Darwin e-scooter service

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http://www.nationmultimedia.com/detail/Corporate/30367710

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Neuron Mobility gets go-ahead for Darwin e-scooter service

Corporate April 15, 2019 10:53

By The Nation

Southeast Asia’s leading e-scooter service, Neuron Mobility, has been given the green light by the City of Darwin for a 12-month trial of its sharing services across 37 locations of Australia’s Northern Territory’s capital.

“City of Darwin has jumped at the chance to support this 12 month trial,” said Josh Sattler, General Manager Innovation Growth and Development, City of Darwin, adding, “motorised scooters are a great option

for commuters, providing a quick, effortless and inexpensive mode of transport to move around the city.”

This trial will operate within terms and conditions established by representatives from the New Territories (NT) Police, Department of Information, Planning & Logistics (DIPL), Cullen Bay Authority,

Waterfront Corporation and Motor Accident Compensation (MAC) NT, said Zachary Wang, CEO of Neuron Mobility.

Darwin will be the first market globally to launch Neuron Mobility’s new commercial-grade N3 escooter, built from the ground up specifically for the sharing economy. The toughened scooters are

custom-built to ensure smoother urban commutes and safer rides, complementing existing transport options and improving economic activity for Darwin.

M.K. Real Estate Development rating confirmed at ‘BBB’

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http://www.nationmultimedia.com/detail/Corporate/30367709

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M.K. Real Estate Development rating confirmed at ‘BBB’

Corporate April 15, 2019 10:49

By The Nation

TRIS Rating has given M.K. Real Estate Development Plc (MK) a company rating of “BBB” and revised the outlook downwards from “stable” to “negative”.

The “negative” outlook reflects concerns over a weaker financial profile given its expansion into new businesses. The rating continues to reflect MK’s acceptable brand recognition in the housing segment and improving residential property sales. However, the rating is constrained by MK’s relatively volatile profitability and a looming rise in financial leverage.

The rating also incorporates the concern over the high level of household debt nationwide, which limits the purchasing power of homebuyers. Recent regulatory changes, introduced by the Bank of Thailand (BOT), may also affect the availability of mortgage loans.

Titan Pest eyes better performance, expands in Myanmar

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http://www.nationmultimedia.com/detail/Corporate/30367676

Titan Pest eyes better performance, expands in Myanmar

Corporate April 15, 2019 10:34

By Khine Kyaw
The Nation
Yangon

Following the three-year success of its commercial operations in Yangon, Titan Pest Management Co, an international subsidiary of Singapore’s Killem Pest Pte Ltd, is planning to expand into other major cities in Myanmar, according to Krystian Zycinski-Singh, the firm’s co-founder and managing director.

“Our main target is to be firmly established into Nay Pyi Taw and Mandalay with a robust client base this year,” he said in an interview.

“Additionally, we want to be in a position whereby we are working together with the relevant ministries to establish a robust public-sector pest control programme to benefit all people in Myanmar.”

According to Zycinski-Singh, the firm will commence servicing Nay Pyi Taw and Mandalay after the water festival, and then will expand its services along the western coastline including Ngwe Saung, Chaungtha and Ngapali beaches in the third or fourth quarters of this year. The firm aims to provide nationwide services by 2020.

“Realistically, once our presence is more established in the two cities, we would embark on phase 2 which will cover the western coastline areas,” he said.

“Our financial strategy is for funds from current growth to be invested back into the expansion into other cities.”

As the nation’s capital, Nay Pyi Taw is a strategic expansion for Titan Pest, and Mandalay is considered another key engine for the company to expand its footprint in Myanmar. Earlier this year, the regional government pegged the city’s growth at 8.1 per cent.

“Mandalay is very attractive because the pace of urbanisation there is fast and there is a conscious effort on the part of the local community to promote a sustainable city. Pest management would be integral to a green Mandalay,” said Zycinski-Singh.

The executive reminisced about 2016, its very first year of commercial operations in Myanmar. At that time, the firm started with three technicians, two office staff and one vehicle. It has grown to more than 30 technicians, seven office staff and five vehicles. By 2020, the firm expects to have more than 50 technicians, 10 office staff and eight vehicles to expand its services across Myanmar.

“Our customer base has been growing phenomenally since 2016, while the number of services we have completed grew by more than 600 per cent from 2017 to 2018. From a small team of five, we are now more than 40 people and growing further,” he said.

The firm now has more than 150 corporate clients, and expects the number of clients to double to 300 by the end of next year. Hospitality and manufacturing sectors mainly drive its growth in Myanmar, while the firm also sees growth potential in other sectors, said Zycinski-Singh.

“Our commercial client base accounts for more than 80 per cent of our business. In terms of international agencies, we work with the European Union, the United Nations and Japan International Cooperation Agency,” he said.

The firm provides pest management solutions that prevent the breeding of rodents, cockroaches, flies and mosquitoes, which spread infectious diseases including dengue, malaria, typhoid fever and leptospirosis. It uses environmentally less harmful chemicals along with safer and more effective pest control technologies that meet international standards.

“Last year, we carried out more than 6,500 services and 99 per cent of our customers said they were very satisfied,” he said.

To date, the firm has completed nearly 11,000 services in Yangon, catering to residential, commercial and industrial customers. Businesses that rely on Titan Pest’s premium service include shopping centres, hotels, hospitals, factories and warehouses, building and construction, food and beverage outlets, as well as pharmaceutical and manufacturing plants.

Big names including City Mart, Capital Diamond Star Group, Sule Shangri-la, Damco, Maersk and Pepsi are among its customers, and the firm also helps protect hospitals, schools, embassies and international organisations.

Earlier this month, the firm launched its cleaning and hygiene service in Myanmar. The new product will provide commercial facility cleaning maintenance, cleaning audits, commercial deep cleaning, upholstery and carpet cleaning services, drain and pipe clean up, and decluttering services.

“Ultimately, what we aim to achieve is total protection against any pest infestation. Hygiene is an important part of this. This step is part of our commitment to consistently add value through an end-to-end and convenient service,” he said.

“Together with an effective pest control programme, meticulous cleaning and consistently good housekeeping are a must. Poor housekeeping results in stagnant water, mountains of garbage and clogged drains where pests such as rodents and mosquitoes thrive. Mosquitoes are a big problem in Myanmar, and they only need as little as 5 millimetres of water to lay their eggs.”

According to Zycinski-Singh, the challenges in Myanmar include the lack of public awareness, the lack of an institutional baseline for sanitation and hygiene standards, no community immunity, the lack of consultation on pest management at township level and the absence of a policing agency for pest-related projects.

“Macro problems need macro solutions. So, we will focus on public consultations to raise awareness about pest control,” he said.

When less is MORE

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http://www.nationmultimedia.com/detail/Corporate/30367704

Alberto Ibeas, managing director of Diageo Moet Hennessy (Thailand)
Alberto Ibeas, managing director of Diageo Moet Hennessy (Thailand)

When less is MORE

Corporate April 14, 2019 23:39

By Kwanchai Rungfapaisarn
The Nation Weekend

ALBERTO Ibeas, managing director of Diageo Moet Hennessy (Thailand), is facing strong headwinds in leading the global alcoholic drinks company in Thailand.

Ibeas says the alcohol market is expected to continue to slow down as a result of economic pressures and a global shift in consumption in which people are drinking “better, but not more”. As Thailand is no exception, he says, this creates an opportunity to promote premium drinks and experiment with innovation. Ibeas notes that Thai consumers are very keen to try new products and have embraced the cocktail culture.

“Our ambition for Diageo Moet Hennessy Thailand is to become the best performing, most trusted and respected consumer goods company in Thailand. To achieve this goal, DMHT promotes a culture of ‘Celebrating Life Every Day Everywhere by Drinking Better Not More’. This can be interpreted as seeking to be the best you can be at work, in society and in the communities where we operate,” Ibeas says.

He took over as managing director of DMHT at the start of last year. The Spaniard brought with him 19 years of broad functional and regional experience to his role at Diageo, where he is focusing on driving sustainable business growth for the company in Thailand and “delivering benefits to all stakeholders through clear strategies and DMHT innovations”, he says.

A graduate of Universidad Comercial de Deusto in Bilbao, Spain, and Stockholm University in the Swedish capital, Ibeas started his career in finance decision support and later took on finance leadership roles across Latin America and the Caribbean, the Andean region and in the UK.

He has also held global positions with Diageo’s treasury and group strategy teams and in 2014 moved to commercial roles in his native Spain. In recent years, he led the business on the Iberian peninsula, with responsibilities for Spain, Portugal and the Canaries.

Under his leadership, the business has returned to growth after many challenging years and is once again a key player in the whisky and gin categories. He was responsible for shaping the next phase of Diageo’s route-to-consumer in Iberia, more than doubling the company’s coverage and transforming the ways of working with its wholesale partners.

Ibeas has been described as a natural leader and is known for building and motivating highly engaged teams, transmitting to them his passion in working for DMHT. He is also an avid supporter of the local communities where the company works and was actively involved in sustainability and responsibility programmes such as Diageo Learning for Life, which was applied across the Iberian region.

In his spare time, Alberto enjoys travelling, music, sports and reading. He is married and is a proud father of three.

He says that, in trying to do the best he can at work, he wants to inspire his colleagues to develop innovations and new experiences in response to Thai consumers’ changing lifestyle. These changes are typified by Thais’ preferences for premium drinks enjoyed on more relaxed occasions.

“Diageo is the world’s biggest premium spirits company. Together with our joint venture partner in Thailand, LVMH, we have an unbeatable range of global iconic brands,” he says.

“We believe that despite the market difficulties and economic challenges, there are significant opportunities for us to offer exciting celebratory experiences to our consumers.”

“Some tangible examples are the launch of our limited edition Johnnie Walker White Walker and the Fire & Ice Malt Whiskies, all in partnership with globally acclaimed HBO series Game of Thrones. Also our beautiful and Japanese inspired Smirnoff ICE Umeshu, the launch of The Singleton Malt series (perfect to pair with spicy food), and many more brands that we will be introducing in the market in the months to come.

“Being the best in society and the communities inspires us to create a positive impact where we operate. As an example, we believe that alcohol can be part of balanced lifestyle, if and when people drink moderately.” He says the company has funded a number of programmes to educate people on the need to drink responsibly.

“Some examples of these programmes are DRINKiQ for alcohol education,” he says. “We have developed an e-learning platform, and are also using innovative VR technology for a consumer roadshow.

“For the Road Safety/Don’t Drink Drive campaign we worked with the police, and have programmes in partnership with UNITAR and UNESCAP.

“For the Smashed Theatre programme, this has been undertaken with the aim of preventing under-age consumption.

“Under my leadership, I want a company that despite our success behaves humbly, that despite our global brands acts locally, a company where everybody feels valued, feels heard, a company where everyone is clear on their objectives and understands how what she or he does contributes to delivering our ambition.”

“A company that contributes to creating a better society, promoting a “drink better not more” culture, training Thai consumers to enjoy alcohol responsibly and also educating them when not to drink is the only option – for example, when driving of if you are under age – that’s what I want.

“I am also proud to be part of a company that promotes gender equality and diversity and inclusion at work; 51 per cent of our employees are women. This is also a company, that despite its size, is constantly hunting for opportunities to perform better. It is a company that is never satisfied and is always hungry for more.”

Ibeas says these characteristics of the company can be encapsulated in three points.

“We must maintain market leadership. Losing market share means that you are giving your size of the pie to someone else,” he says.

“We must create a better company, where our employees are super engaged. We must create a positive impact in our society, educating people about how alcohol can be part of a balanced lifestyle and how it can be consumed responsibly.”

Ibeas says the industry has had to contend with significant lifestyle changes on the part of consumers.

“But as a company we are very successful in delivering new products and experiences to accommodate these changes,” he says. “For example, we have seen a change from high tempo occasions, typified by loud music, to more relaxing settings and which are combined with food.

“We have developed experiences that continue to offer consumers the right drinks when they are enjoying these times.”

On the technology front, the changes sweeping through the industry and society are changing the way the company works, he says.

“The way employees work and interact with one another is being completely disrupted,” he says. “We now use technologies like Zoom so that any of our employees can videoconference with each other from anywhere in the world. We have Quip so that employees can work on a document from different locations in real time. We have moved from in-class learning to e-learning for employees with our Diageo Academy technology,” Ibeas says.

“As for outside the organisation, DMHT’s interactions are moving from traditional sources to digital platforms. This is not only about our brands. We have also developed digital initiatives to educate adults on how to drink responsibly, such as DRINKiQ e-learning and VR technology, to raise awareness on road safety,” he says.

He says the company has an exciting year ahead of it.

“On our unbeatable Super deluxe portfolio, we are introducing a JW Blue Label Year of the Pig edition, a Bangkok limited edition that will be sold in Thailand for a limited period, and a Ghost and Rare edition, which is a special Blue label edition made with whiskies from distilleries that are already closed,” he says.

“That means that the whisky cannot be made again, nor replicated. It’s an absolute jewel. We will also soon launch our Fire and Ice Malts in partnership with Game of Thrones. This is a collection of seven malts inspired by the Houses of the globally acclaimed Game of Thrones series. We will be bringing a very limited number of bottles into Thailand, we so suggest you rush to get yours.

“This year, and for the first time in Thailand, we will take our global World Class competition to several cities in Thailand. This is the best bartender competition in the world, where thousands of bartenders globally compete to be the best.

“We will have finalists from all corners of Thailand, who will then compete to be the Thai representative in the global final that will be celebrated in Glasgow in September. We will, also for the first time in Thailand, celebrate a cocktail festival in Bangkok at the same time as the Thai World Class final.”

He says that, from an innovation point of view, the company has launched Smirnoff ICE Umeshu, Johnnie Walker White Walker limited edition, and the Singleton Malts series.

“These launches were all very successfully executed,” he says. “The company will be launching two new products in the next couple of months, but we will keep that confidential for now.”

Ichitan ready to boost your game

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http://www.nationmultimedia.com/detail/Corporate/30367600

Ichitan ready to boost your game

Corporate April 12, 2019 11:49

By The Nation

Ichitan Group has joined hands with Garena Online, a leading online game and social platform, on the campaign Ichitan X Free Fire, marking its first time sponsoring the e-sports arena.

Consumers will find exclusive game item codes under the bottle cap of Ichitan Green Tea Honey Lemon Free Fire Edition to enjoy enhanced gaming experience with Garena Free Fire.

With every two codes collected, game players can redeem game items, from new hero character Shimada Hayato and other special items that get the players better equipped for jumping into a high-capacity fight on the battlefield.

The code can be used on both computer and smartphone and both iOS and Android platforms, by following the link https://event.garena.in.th/ff/ichitan, or on the Free Fire game menu, or by scanning the QR code on the bottle of Ichitan Green Tea Free Fire edition.

For more information, go to www.facebook.com/ichitan.

KRUNG THAI Bt26-billion reserve set for Songkran spending

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http://www.nationmultimedia.com/detail/Corporate/30367547

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KRUNG THAI  Bt26-billion reserve set for Songkran spending

Corporate April 12, 2019 01:00

By The Nation

Krung Thai Bank has prepared Bt26 billion in cash reserve at its branches and 8,800 ATMs nationwide ahead of the Songkarn festival , according to a statement from the bank yesterday.

The bank’s customers can also use its Krungthai Next app for transferring money free of charge, the bank said.

MOODY’S ON THAI OIL Ratings reflect strength of largest refiner

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http://www.nationmultimedia.com/detail/Corporate/30367551

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MOODY’S ON THAI OIL  Ratings reflect strength of largest refiner

Corporate April 12, 2019 01:00

By The Nation

Moody’s Investors Service has completed a periodic review of the ratings of Thai Oil Plc at Baa1, reflecting its strong market position as the largest and most complex refiner in Thailand, its long-term crude feedstock supply and product off-take agreements with its parent PTT Plc (PTT, Baa1 stable), strong liquidity buffer with a large cash balance and good credit metrics.

At the same time, the company is exposed to execution risk related to its refinery expansion plan, volatility in earnings given the cyclical nature of oil prices and product margins and single-site concentration risk.

PTTEP Moderate reserve, price risks weigh on ratings

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http://www.nationmultimedia.com/detail/Corporate/30367552

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PTTEP Moderate reserve, price risks weigh on ratings

Corporate April 12, 2019 01:00

By The Nation

Moody’s Investors Service has completed a periodic review of the issuer ratings of PTT Exploration & Production Plc at Baa1, reflecting its strong credit metrics, low production cost resulting from operating efficiencies, cash flow visibility from its long-term gas sales contracts and financial flexibility given its strong liquidity profile.

At the same time, the rating remains constrained by PTTEP’s moderate scale of reserves and production, as well as its exposure to the cyclical nature of oil prices.

GLOBAL PARTNERSHIP HPE, Nutanix join for hybrid cloud service

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http://www.nationmultimedia.com/detail/Corporate/30367553

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GLOBAL PARTNERSHIP HPE, Nutanix join for hybrid cloud service

Corporate April 12, 2019 01:00

By The Nation

Hewlett Packard Enterprise (HPE) and Nutanix (NTNX) yesterday announced a global partnership to deliver an integrated hybrid cloud as a Service (aaS) solution to the market.

This offering will leverage Nutanix’s Enterprise Cloud OS software including its built-in, free AHV hypervisor, delivered through HPE GreenLake to provide customers with a fully HPE-managed hybrid cloud that dramatically lowers total cost of ownership and accelerates time to value. Additionally, as part of the agreement, Nutanix will enable its channel partners to directly sell HPE servers combined with Nutanix’s Enterprise Cloud OS software so that customers can purchase an integrated appliance, according to the company’s release yesterday.