TRIS affirms ‘A-’ ratings on WHA and its debentures

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366938

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TRIS affirms ‘A-’ ratings on WHA and its debentures

Corporate April 01, 2019 18:25

By The Nation

TRIS Rating on Monday affirmed the company rating on WHA Corporation and the ratings on its outstanding senior unsecured debentures at “A-”.

At the same time, TRIS assigned the same rating to the listed company’s proposed issuance of up to Bt3.5 billion in senior unsecured debentures.

The proceeds from the new debentures will be used to refinance outstanding debt, for planned capital expenditures, and for working capital.

The ratings reflect WHA’s strong competitive position in the built-to-suit warehouse and the industrial-estate segments in Thailand, the ratings firm said.

WHA has a sizable base of recurring income from a number of sources, such as rental properties, utilities services, and investments in power projects.

The ratings also incorporate the financial flexibility from selling assets to real-estate investment trusts.

However, the business profile is weighed down by the volatile nature of the industrial property market, TRIS added.

Mondelez International (Thailand) eyes 10% sales growth

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366934

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Mondelez International (Thailand) eyes 10% sales growth

Corporate April 01, 2019 17:41

By The Nation

The Thai subsidiary of US-based snacking powerhouse Mondelez International expects sales growth of up to 10 per cent within two years by launching more chewing-gum products under the Dentyne Eaves brand,

Mondelez International (Thailand) country director Tanant Suwanraksa said on Monday.

As of February, Thailand’s gum market was valued at Bt2 billion, with Mondelez Thailand firmly in lead position with a 60.5-per-cent share, and Dentyne holding the No-1 spot with a market share of 52.2 per cent.

Another Mondelez brand, Clorets, had 8.1 per cent of the market.

Thailand’s gum market is comprised of regular gum, which holds a 75-per-cent share, and sugar-free gum, which takes up the remainder.

Mondelez International (Thailand) aims to achieve over 10-per-cent sales growth within two years and attain a 65-per-cent market share, Tanant said.

“We will do this by focusing on penetrating the segment of young, influential, trendy and health-conscious adult consumers. We will make this possible, thanks to a truly exceptional gum and sensorial experience that provides three waves of juicy fruit flavours,” the country director added.

WHA Group to build tyre-manufacturing plant for Chinese firm

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366924

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WHA Group to build tyre-manufacturing plant for Chinese firm

Corporate April 01, 2019 16:05

By The Nation

WHA Group, an industrial development and logistics firm, signed its first contract with Prinx Chengshan Tire (Thailand) Co Ltd, a subsidiary of China-based Chengshan Group, to build a 280-rai (44.80 hectares) manufacturing facility.

The facility is expected to start operating from mid-2020.

The China-based tyre manufacturer, listed in the Hong Kong Stock Exchange since October 2018, chose Thailand as its regional manufacturing base and has invested Bt10.1 billion for the first phase of its project. The initial investment will cover the infrastructure and a production line with an annual capacity of 4 million radial tyres for passenger cars and 800,000 tyres for trucks and buses.

The plant will initially require a 1,200-strong workforce, which will be expanded to 2,000 once the production capacity increases to 10 million tyres for passenger cars and 2 million for trucks and buses.

Thai-Myanmar cross-border remittance service launched

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366919

Thai-Myanmar cross-border remittance service launched

Corporate April 01, 2019 13:39

By The Nation

2,617 Viewed

Krungthai Bank, Everex and Shwe Bank on March 28 announced the launch of  “Krungthai Bank and Shwe Bank Remittance powered by Everex.”

In the event, Krungthai Bank was represented by Rawin Boonyanusasna, senior executive vice president – head of Global Markets Group, Alex Lane, EVX Holdings’ CEO and Thein Zaw, executive vice chairman of Shwe Rural & Urban Development Bank.

They signed a Letter of Intent for the provision of Thailand-Myanmar cross-border money transfer services for Myanmar labors in partnership with Shwe Bank and Everex Group.

The service is called “Krungthai Bank and Shwe Bank Remittance powered by Everex”. This joint service allows customers to transfer money conveniently anywhere, anytime, via a mobile application with competitive exchange rates.

As for the recipients’ convenience, the funds can be delivered to three channels: Home delivery, Cash pick up at Shwe Bank branches and Direct deposit to Shwe Bank accounts.

For home delivery, the delivery fee is only Bt50 per transaction to non-conflict areas of Myanmar.

The bank strongly believes that this new service will meet Myanmar labors needs for convenient cross-border remittance services.

It will make it easier for them to gain access to official financial services provided by banks.

They only need to download and register the wallet application and top up money to E-Wallet at “Krungthai on the Move”, the bank’s mobile branch units which will reach out to the Myanmar community or their workplace with the staffs who can provide assistance in Myanmar language.

The service will be officially piloted this June.

On top of this remittance service, Krungthai Bank also offers other payments and money transfer products. For example, Krungthai bank’s Travel Card which covers 11 major currencies, and cross-border payments via NETs in Singapore. For more information please contact Krungthai Call Center Tel. 02-111-1111.

EXIM enables Thai investment in Vietnam’s renewable energy

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366911

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EXIM enables Thai investment in Vietnam’s renewable energy

Corporate April 01, 2019 11:39

By The Nation

Export-Import Bank of Thailand (EXIM Thailand) has extended US$65 million in credit to Eastern Power Group Plc and Communication & System Solution Plc to finance the construction of two solar-power plants in Phu Yen, Vietnam, with a combined generating capacity of around 100 megawatts.

EXIM president Pisit Serewiwattana said the support was intended to encourage Thai investment in renewable-energy projects in response to increasing demand from both the public and private sectors in Vietnam after the government liberalised the business.

With solar-power generation in Vietnam targeted to leap from 850MW in 2020 to 12,000MW within 10 years, EXIM Thailand has built relationships with leading banks there to manage risks and resolve restrictions.

“EXIM Thailand’s financial support is in line with Thai government policy of accelerated promotion of Asean connectivity and the expansion of economic cooperation with neighbouring countries,” Pisit said.

“EXIM Thailand also has a strategy to connect Thailand to the world through international trade and investment. We have strived to explore and create trade and investment opportunities for Thai entrepreneurs overseas, particularly in CLMV – Cambodia, Laos, Myanmar and Vietnam – which are new frontier markets with high potential.

“EXIM Thailand is ready to take the lead in filling the existing business, financial and knowledge-base gaps,” he said. “We are also well positioned to work with public and private entities both at home and overseas to boost Thai entrepreneurs’ competitiveness in the move toward Thai and Asian development on a sustainable basis.”

INGRS to pay full year dividend

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366910

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INGRS to pay full year dividend

Corporate April 01, 2019 11:27

By The Nation

The board of listed auto parts maker Ingress Industrial Thailand (INGRS) has approved payment of a full year’s dividend of Bt0.052 per share, totaling Bt75.24 million to all shareholders after the company reported total revenue Bt3.19 billion for 2018, up 10 per cent from 2017, the company’s chief executive officer Hamidi Bin Maulod said on Monday.

He added that the growth could be attributed to higher sales in subsidiaries in 3 countries. Indian subsidiaries recorded higher revenue of Bt187 million, while Thailand and Indonesian subsidiaries showed higher revenues of Bt57 million and Bt49 million, respectively.

Of the total revenue, 49 per cent came from Malaysian subsidiaries, 38 per cent from Thailand, 7 per cent from Indonesia and 6 per cent from India. The Company showed a net profit of Bt76.3 million, a drop of 48.13 per cent from its net profit of Bt147.1 million in 2017.This is due to the much lower net profit of Malaysian subsidiaries, affected mainly by Proton customers, and a Bt27.5 million increase in tax expenses.

However, the Company’s Board of Director has approved payment of full year dividend of Bt0.052 per share, totaling Bt75.24 million, to all shareholders. This shows a dividend payment ratio of 142.6 per cent of net profit after tax and minority interest. It also presents a high 7.6 per cent dividend yield. Having paid half of the dividend during the year, the company will pay the remaining dividend of Bt0.026 per share on June 6 2019, using the record date of April 18, 2019.

In terms of business fundamentals, INGRS has continued to expand business in major countries in Asia, namely India, Thailand, Indonesia and Malaysia. India is one of the fastest-growing automotive markets with more 5 million cars produced, a 9 per cent increase over the previous year. INGRS plans to launch more new products alongside the current moulding parts as well as seek new OEM customers to generate higher revenues from India.

True Move pays third installment on 900 MHz band

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366908

True Move pays third installment on 900 MHz band

Breaking News April 01, 2019 11:15

By The Nation

True Move H Universal Communication has paid the third installment owed on the auction of 900 MHz worth Bt4.3 billion to the National Broadcasting and Telecommunications or NBTC, the NBTC’s secretary-general Takorn Tantasith said on Monday.

He added that True had also provided a letter of guarantee from the commercial bank covering the remainder of the installment worth Bt64.43 billion in line with the terms of the auction’s condition.

The last installment of Bt64.43 billion would be paid on March 31, 2020, he said.

Remittance scheme for Myanmar migrant workers introduced

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366906

Remittance scheme for Myanmar migrant workers introduced

Corporate April 01, 2019 10:51

By The Nation

Krungthai Bank, Everex and Shwe Bank have signed an agreement on a Thai-Myanmar cross-border remittance service.

Rawin Boonyanusasna, Senior Executive Vice President – Head of Global Markets Group of Krungthai Bank, Alex Lane, CEO of EVX Holdings, and Thein Zaw, Executive Vice Chairman of Shwe Rural & Urban Development Bank signed a Letter of Intent for the provision of Thailand-Myanmar cross-border money transfer services for Myanmar workers.

The service is called “Krungthai Bank and Shwe Bank Remittance powered by Everex”.

This joint service allows customers to transfer money conveniently anywhere, anytime, via a mobile application with competitive exchange rates. For the recipients’ convenience, the funds can be delivered through three channels: 1.Home delivery 2. Cash pick up at Shwe Bank branches and 3. Direct deposit to Shwe Bank accounts. For home delivery, the delivery fee is Bt50 per transaction to non-conflict areas of Myanmar, Rawin said.

The bank strongly believes that this new service will meet Myanmar workers’ needs for convenient cross-border remittance services. It will make it easier for them to gain access to official financial services provided by banks. They only need to download and register the wallet application and top up money to E-Wallet at “Krungthai on the Move”, the bank’s mobile branch units, which will reach out to the Myanmar community or their workplaces with staff who can provide assistance in the Myanmar language. The service will be officially piloted this June. On top of this remittance service, Krungthai Bank also offers other payments and money transfer products. Among them is Krungthai bank’s Travel Card which covers 11 major currencies and cross-border payments via NETs in Singapore, he said.

Sending out the right SIGNALS

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366798

 Pratthana Leelapanang
Pratthana Leelapanang

Sending out the right SIGNALS

Corporate March 30, 2019 01:00

By ASINA PORNWASIN
THE NATION WEEKEND

ADVANCED Info Service PLC (AIS) is the largest mobile phone operator in Thailand, with some 41 million subscribers, but it is Pratthana Leelapanang’s job to ensure the company maintains its edge in marketing.

Pratthana, the chief consumer business officer, is leading the company’s consumer-facing efforts in the midst of the digital disruption that is sweeping across the industry.

It helps that AIS has the largest mobile network coverage in the country, At the end of the fourth quarter of 2018, it boasted 41.1 million subscribers, of whom 32.98 million were prepaid users.

The digital disruption that Pratthana, 46, is contending with is changing the way companies do business and how people live.

AIS has charged him with the task of ensuring that the company continues its success in this most challenging of business environments.

He says that he is a product of the AIS Institute, which provides opportunities for the employees with diverse training sessions.

He has been working at the company for 23 years and has been the beneficiary of AIS’ training programmes.

Pratthana has a strong background in engineering. He graduated with a master of science degree in electrical engineering and in system science and mathematics from Washington University in the United States. He had earlier graduated from the General and Advance Management Programme of Harvard Business School.

After joining AIS in 1996, he has risen steadily up the ranks and, in his current position, oversees consumer products and services, consumer marketing, retail and distribution business, communication, digital advertising, and digital distribution as well as mobile payment business.

“When I started my first job at AIS, the company had only 1 million subscribers. At the time, it was an analog system. I worked as an engineer in base station planning,” Pratthana says.

He has always been given a lot of chances to work in new areas and learn new things.

For example, with AIS’ rapid growth under way, he had the chance to learn the operation maintenance process, which amounted to AIS’ first re-engineering. That enabled him to work with all 500 network and base station engineers nationwide and he also worked closely with engineers from many European companies.

Then, when the company started prepaid services, the subscribers base grew rapidly grew and he |went on to oversee the value-added service.

In 2004, when AIS began experimenting with different types of services, marked by the launch of Future Lab and its non-voice department, he moved from engineering to the commercial field, In particular, he oversaw strategic planning in areas including service and product development.

“At that time, SMS was still the main source of non-voice revenue. But we realised that we needed to develop new non-voice services. This encompassed efforts in marketing, service development and partner management,” Pratthana says.

Five years ago, he became the executive vice president for marketing and acting chief marketing officer. It was when AIS separated its enterprise and business units that he became chief consumer business officer, two years ago.

“Other people might change jobs and work for a different company to advance in their career path,” he says. “At AIS, the company gives chances to employees to move up by changing the tasks and rotating within the company, as was the case with myself.

“I always changed tasks and responsibilities while moving up at all times. I underwent training, learnt and practised as I kept advancing.”

One training program that he found particularly useful was that known as the individual development plan. He was assigned a personal coach and was given training with Singtel.

He says his 23 years have passed quickly at the company, as he has always enjoyed the work. And, he says, there are still many more things he aspires to do.

Pratthana credits the work environment for the successes he has enjoyed.

“At AIS, the boss and the colleagues work together like family members under the same working standard with criteria such as a balance score card and KPI management,” he says, referring to human resources yardsticks.

. “To be a good leader provides me with the greatest challenge. It is more difficult than engineering tasks. You need to understand people and be able to inspire them.”

“Everyone needs respect, not matter who they are or how old they are. As a leader, I encourage all my staff to be a part of the team. I try to understand all of them as individuals and subject them to fair management. I need to blend the goals of the company with the goals of the team.”

Pratthana believes that the application of management tools, with proper practice, is fundamental in leading a team to achieve its goals.

“I always strive to be a good team leader who has multi-disciplinary knowledge – from the financial side to marketing and management as well as team coaching,” he says.

“The individual development plan, as a training model, is the most important tool to encourage people to set their goals and create a solid self-development plan.

“When occupying a senior position, leaders potentially have a lot of information and can quickly synthesise this material in thinking over and making decisions. But sometimes, there can be failures, when nobody dares to warn the boss of a problem. This can be a trap.

“In a time when everything is always changing, no one can guarantee the success of every management formula. This reality presents a challenge for everyone.”

His management style entails dividing his time into three parts, ensuring he spends equal time with the customers, internal coordinators and the team.

“A good manager should not have more than nine people in his span of control,” he says. “Under my management, there are about 1,000 people, and I usually spend one day a week to meet and talk one-on-one with members of the teams.

“I believes that one-on-one conversation is more efficient than a meeting, in terms of fostering a deep understanding with my staff in finding ways to improve the team. This does not mean that a good manager does not hold meetings.

“But a one-on-one conversation, personally, with my team helps me to understand them well and in this way I can encourage them to improve their work. My team’s success means my success and that equates to the company’s success, eventually.”

Above all, he says, the biggest challenge is to ensure business growth for the company.

“AIS aims to be a digital service provider that offers services beyond just a mobile network, taking in mobile services, broadband services and digital services.

“AIS will engage more with customers to ensure they use more than one service and still have satisfaction with the services, while increasing the number of services they usually use.”

As a digital service provider, AIS offers its own digital services including videos, e-money, cloud and the Internet of Things, along with mobile Internet, Wi-Fi and broadband Internet. Also, it plays a role as the digital platform that connects services from partners to its 41 million subscribers.

“The market size of digital services is huge. To tap the market, we need to increase our Internet user portion from currently 65 per cent of 41 million subscribers to be at least 70 per cent in the near future,” he says.

“AIS has been transforming towards to the reality of digital disruption. We need to focus on data analytics, artificial intelligence, machine learning, and new online skill sets.

“We aim to be a digital service provider that over the next three to five years will have 10 to 20 million people use more than one of our services every day.

“Top service providers such as Facebook, Line and YouTube have come with a new business mode that offers free service to attract massive numbers of users.

“These kind of businesses have do fundraising to develop services and operate their platform as a free service for users. They aim to gain users and then monetise their operations later. Their business model comes underpinned by technology and data analytics. If there are other these kind of services with better quality out there, users might move to the new platforms.”

AIS also operates infrastructure for over-the-top service providers.

“The company knows well the behaviour of users who use over-the-top services and, importantly, it has a billing relationship with users. Therefore, it will utilise this strength to further expand business monetisation,” he says.

“We are very close to our users. We know who they are, where they live, what their favourite services are. We have all this data. The challenge is how we utilise this, since we see there is plenty of competition.

“Our business model is to gain money from the use of the network. The mobile network is almost a mature market and has less margins, so we need to expand into other emerging services that can generate revenue.”

Pratthana says the advent of 5G comes as a new chapter for both operators and the country to move forwards.

“Every business is driven by digital communication, both wired and wireless networks, to differentiate their services,” he says.

“With its infrastructure provision, AIS aims to be a part of the drive that will take the country forward towards digital transformation.

“We offer innovation to businesses and to people to enable them to improve their businesses and their ways of living. Much work still has to be done.”

TARAD.com transforms business, offering U-Commerce service to SMEs for free

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366795

  • Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group
  • Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group and Kullapong Bunnag

TARAD.com transforms business, offering U-Commerce service to SMEs for free

Corporate March 29, 2019 18:15

By The Nation

2,562 Viewed

TARAD.com, the leading e-commerce services provider in Thailand, announced today a business transformation from an E-marketplace to an integrated e-commerce services provider, according to its press release.

As part of the new model, TARAD.com partnered with other nation-leading e-commerce companies to

facilitate online sellers in channel management with its new service, “U-Commerce.”

Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group, said, “E-commerce market in Thailand has seen a massive growth this year with total market value of the Bt3.15 trillion or 14.04 per cent increase from last year.

With the ever-rising number of internet users in Thailand at 45 million people, we expect to see more expansion within e-commerce market as brands switch to online shopping. The main e-commerce platforms that are popular among Thai sellers are on brand official websites, E-marketplaces such as Shopee or Lazada, and on social commerce such as Facebook and Instagram.

With extensive experience in e-commerce business in Thailand for over 20 years, TARAD.com noticed the intense competition in E-marketplace business from the coming of big international players and digital transformation.

However, e-commerce business in Thailand still lacks a well-rounded service provider.

Seeing this business gap, the company decided to grab this opportunity and transform its business into an integrated e-commerce services provider called TARAD Group.

Tagging along the new model, the company also announced a new service called ‘U-Commerce’ which is a product from a joint venture with various leading companies, allowing TARAD Group to be able to provide all-in-one services such as E-Commerce, E-Payment, E-Logistics & Fulfillment, and Online Advertising to Thai SMEs.

TARAD Group has a mission to create the most well-rounded ECO-System for online commerce to enable Thai small and medium SMEs to efficiently compete with other big players in the market.

Therefore, U-Commerce will allow users to easily manage their online stores in one place by connecting them together.

For instance, U-Commerce can connect E-Marketplace such as Lazada and Shopee with social media and users’ websites, connect with E-Payment and allows users to easily pay through credit cards, debit cards, in installments, or offline such as Prompt Pay or Pay Solutions, connect with more than 10 logistics company through SHIPPOP.com and warehouse & courier service from SiamOutlet.com, and also offer complete online advertising services with partners such as Google, Facebook, and Line.

These services will reduce the complexity of store management and allow U-Commerce’s clients, especially SMEs, to effectively compete with the vigorous competition in the e-commerce world.

U-Commerce is now available for free. For more information visit http://www.tarad.com or call 02-515-2300 and LINE@: @TARADnet