CHARGED UP for the future

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366321

Folger
Folger

CHARGED UP for the future

Corporate March 23, 2019 01:00

By KINGSLEY WIJAYASINHA
THE NATION WEEKEND

2,159 Viewed

WHILE many executives of European car companies find Asian markets, particularly Thailand, to be different from elsewhere in the world, Roland Folger may be an exception.

Last year, Folger, 59, was appointed president and chief executive of Mercedes-Benz (Thailand) Ltd, the official distributor of Mercedes-Benz vehicles in the country.

But unlike many of his predecessors, Folger is no stranger to the Kingdom, having worked closely with former distributor Thonburi Automotive Assembly Plant (TAAP) since the 1980s.

He first joined Daimler AG (the parent company of Mercedes-Benz) in 1979 right after graduation from the Gottlieb-Daimler Gymnasium, and was a key person in the parts organisation department. Folger was assigned to Indonesia, responsible for sales, in 1985 and was later the president and CEO of the Daimler-Benz Representative Office in Singapore between 1988 and 1989.

“You learn something new every time,” says Folger of his assignments in Southeast Asia, which included working with TAAP regarding spare parts. “It was my first impression of Asia and it was a very positive one.”

After other positions around the world, it wasn’t until 2011 that Folger returned to Asia (after highly successful stints in the United States where he helped launched the M-Class SUV and in other global markets), leading Mercedes-Benz Malaysia until 2015 as well as Mercedes-Benz India from 2015 to 2018.

As the world moves towards electrification of automobiles, luxury carmakers like Mercedes-Benz are well on track to respond to new trends.

In September last year the company unveiled its first mass-market electric vehicle (EV), the EQC, which is expected to be offered in Thailand later this year.

Folger says that EVs are a new breed of automobiles that require a supporting network.

“At the moment there is not enough distribution network for charging – that’s the general feeling that people have right now,” Folger says. “And Thailand is not the only country. This happens also in the US and Europe.”

In Thailand, Mercedes-Benz is one of the companies that has been highly active in setting up charging facilities around the country. Apart from home charging, EVs can also be charged at various locations such as hotels, shopping centres, hospitals, offices and even golf courses. Quick charging requires just one to two hours, according to Folger.

“We have about 150 charging boxes located countrywide now and we will continue to build more at wherever people are spending more than an hour or two,” says Folger, adding that other companies are also doing the same thing.

However, the road isn’t exactly clear for the charging business.

“The government might think that everyone wants to get into the EV charging business, but in reality it’s not very profitable. You don’t see car companies investing in petrol stations do you?” he notes. “But by placing them into the right places, we can start the momentum.”

According to Folger, Thailand has a strong position in the EV world, thanks to the large number of government agencies working together on this topic.

“This is important for business as it is more attractive to invest here, when the country says that we want to move into that direction” he says. “Thailand is one of the top five countries in the world for Mercedes-Benz because of the government support for the auto industry.”

He admits that right now EVs might not be a profitable business for the company – Mercedes-Benz has invested 12 billion euros on research and development for electric vehicles alone.

“This is the biggest amount we have put into a specific cause,” says Folger, adding that EV sales could make up just 15-25 per cent of total Mercedes-Benz sales by 2025.

Folger also says that the automotive world is also moving towards autonomous driving, which will complete the package started by EVs.

“In the near future vehicles will be connected and EVs will come with legal autonomous capabilities, with innovative systems that affect people’s lifestyles, such as software that optimises your trip, giving advice along the way with AI (artificial intelligence) systems.

Whether or not Thailand will become an EV exporter in the future isn’t a sure thing, though.

“It depends on what other countries do as well,” Folger says. “As for the Asean scheme, it’s possible. Thailand will be at the forefront of this due to better costs, efficiency and personnel than in other countries in the region.”

While EVs may help remove emissions out of the city, there are other concerns.

“We have to increase EV use in the city in order to get the emissions out of the city first,” he says. “But the power plants are still dirty while other types of transportation are still highly inefficient [and should also be addressed], such as cruise ships or aeroplanes.”

Folger says EVs will change the way we live – just like the mobile phone did. The world is changing very fast and automobile companies that can deal with these changes will be successful.

“It is an exciting time for Thailand,” he says. “I’ve been with Mercedes-Benz for 40 years and have never seen anything like this before.”

MCOT joins ETDA to create innovative ‘WHAM’ platform

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366339

MCOT joins ETDA to create innovative ‘WHAM’ platform

Corporate March 22, 2019 21:56

By The Nation

2,096 Viewed

MCOT Public Co Ltd (MCOT) is partnering with the Ministry of Digital Economy and Society’s Electronic Transactions Development Agency (ETDA) to launch a new digital media platform.

Kematat Paladesh, MCOT president, said the collaboration is in line with the Thailand 4.0 policy on developing a creativity and innovation-driven economy that will help the country shift from a middle to a high-income one with the implementation of productive growth engines and collaborative network strategies.

“Recognising the importance of digital content and platform development, MCOT, in its capacity as a state media organisation, is joining ETDA to develop the digital platform ‘WHAM’ for Thais. ‘WHAM’ will offer a wide range of entertainment content with a focus on music for the younger generation. This collaboration also extends to the area of human-resource development between the two organisations,” Kematat said.

Surangkana Wayuparb, executive director and CEO of ETDA, said the memorandum of understanding on the management and rights for “WHAM” aims raise awareness and understanding on “creative commons” and intellectual property protection to promote ecommerce in the digital content industry.

“The MoU reflects the collaboration between government agencies in leveraging emerging technologies to develop media innovation. The collaboration aims to set standards on technological security and prevent intellectual property infringement with a focus on developing ‘digital content’ that is disseminated through ‘WHAM’. In addition, the exchange of academic information, hands-on experience and technology related to data analytics management are included in this partnership,” Surangkana said.

“As such, ETDA will support the development of ‘WHAM’, while MCOT will be responsible for developing and managing ‘digital content’ as a type of non-seasonal ecommerce as well as arranging activities on this platform.”

ETDA’s mission is to develop and promote safe and secure electronic transactions through the use of new technology to facilitate the provision of service in both private and public sectors in line with related laws and international standards. Its aim is to also conduct studies and research as well as develop information technologies and communications relating to electronic transactions.

As for MCOT, its mission is to promote content creation to raise public awareness and project a positive image of Thailand through its media platforms to meet the needs of prospective target audiences.

Thai Vietjet ups flights to Da Lat, Da Nang

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366319

x

Thai Vietjet ups flights to Da Lat, Da Nang

Corporate March 22, 2019 18:21

By The Nation

Thai Vietjet ups flights to Da Lat, Da Nang The Nation Thai Vietjet is increasing its flights to the top Vietnamese destinations of Da Lat and Da Nang to meet rising demand and offer more flexibility and convenience to passengers.

Thai

The airline announced on Friday that its Bangkok-Da Lat-Bangkok flights will be increased to daily services from April 9, from the previous five flights a week, and its Bangkok-Da Nang-Bangkok flights will be increased to three from two daily from April 12. All Thai Vietjet flights take off from Suvarnabhumi International Airport.

In a move to further promote the two destinations, Thai Vietjet will also offer one-way tickets from Bt160 (excluding tax and surcharges) for bookings from March 23 to 31 for travel from April 1 to 30.

TRIS Rating for WHAUP stands at ‘A-‘

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366317

x

TRIS Rating for WHAUP stands at ‘A-‘

Corporate March 22, 2019 18:10

By The Nation

TRIS Rating for WHAUP stands at ‘A-‘ The Nation TRIS Rating has set the rating for WHA Utilities and Power PLC (WHAUP) at “A-”, reflecting its status as a core subsidiary of WHA Corporation PLC (WHA), which was given “A-/Stable”.

WHA is Thailand’s leading developer of industrial estates and fully integrated logistics.

The ratings also take into consideration WHAUP’s position as a sole utility service provider in a number of large industrial estates in Thailand and neighbouring countries, with a strong financial profile and a recurring income from its investments in the power segment.

In 2018, WHAUP generated revenues of Bt1,871 million (22 per cent of WHA’s total revenues) and Bt1,279 million in earnings before interest, tax, depreciation and amortisation or EBITDA at 30 per cent of WHA’s EBITDA.

ICBC senior unsecured notes rated ‘AAA’

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366309

x

ICBC senior unsecured notes rated ‘AAA’

Corporate March 22, 2019 16:53

By The Nation

Fitch Ratings (Thailand) has assigned ICBC (Thai) Leasing Company (ICBCTL, AAA/Stable/F1+) upcoming long-term senior unsecured notes with an issuance size of up to Bt6 billion a National Long-Term Rating of ‘AAA’.

The company said in a press release on Friday that the notes will be issued under ICBCTL’s Bt30 billion medium-term note programme, which Fitch affirmed at ‘AAA/F1+’ on September 10, 2018.

The proceeds will be used for refinancing and/or general operations.

ICBCTL’s senior notes are rated at the same level as its National Long-Term Rating as they represent the company’s unsecured and unsubordinated obligations.

ICBCTL’s National Long-Term Rating is based on Fitch’s view that the company is a core subsidiary of Industrial and Commercial Bank of China (Thai) Public Company Limited (ICBCT; AAA/Stable), as reflected by a high level of integration, history of ordinary financial support, full ownership and brand sharing.

Uniqlo launches third roadside-type store in Thailand

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366308

x

Uniqlo launches third roadside-type store in Thailand

Corporate March 22, 2019 16:45

By The Nation

Uniqlo, the Japanese casual wear designer, manufacturer and retailer, is celebrating the first anniversary of its roadside-type store in Southeast Asia and Thailand by launching the third roadside-type store in the Pinklao area.

The company said in a press release on Friday that after introducing a similar store in Thailand a year ago, the new store format received very positive feedback from its customers who love the convenience and quick shopping in their neighbourhood.

Tomoyoshi Oguri, COO, Uniqlo Thailand, said: “Through each Roadside Store, Uniqlo commits to contribute to the local community through various approaches, including creating employment opportunities, pursuing social business initiatives and many more. We hope Uniqlo roadside store will stimulate local communities in Pinklao, improving convenience for customers, and help bring prosperity and happiness for the community through our store, product and services.”

Uniqlo Roadside Boontahavorn Pinklao is located at Boonthavorn Pinklao complex on Borommaratchachonnani Rd. It has a sales floor of around 805 square meters, and will carry a full range of Uniqlo LifeWear items for men, women, kids and babies.

Pruksa Holding guaranteed debentures rated ‘A’

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366307

x

Pruksa Holding guaranteed debentures rated ‘A’

Corporate March 22, 2019 16:41

By The Nation

Thai Rating and Information Services (TRIS) has affirmed the company rating on Pruksa Holding (PSH) and the ratings on PSH’s existing guaranteed debentures at “A”.

At the same time, TRIS assigned the rating to PSH’s proposed guaranteed debentures of up to Bt3,500 million at “A”.

The debentures are unconditionally and irrevocably guaranteed by Pruksa Real Estate (PS); PSH’s subsidiary, rated “A” with a “stable” outlook by TRIS.

The guaranteed debentures are ranked pari passu to PS’s senior unsecured debentures.

The new issue rating replaces the issue rating previously assigned on February 28, 2019, following PSH’s request to increase the issue size to up to Bt3,500 million, from Bt2,500 million. The proceeds from the proposed debentures will be used to replace debentures issued by PS maturing in March 2019 and for working capital.

The ratings reflect PSH’s creditworthiness as the holding company of the Group. PSH’s major subsidiary is PS, in which PSH holds a 98.23 per cent equity stake. The ratings are based on the significant stream of dividends PSH receives from PS.

After the reorganisation in 2016, PS’s residential property business remains a major revenue contributor of PSH. As a result, PS is considered as a “core” subsidiary of PSH. Therefore, the issuer ratings of PSH and PS are equivalent.

The ratings of PSH take into consideration the strengths of PS in the residential property market. PS’s competitiveness is derived from its relatively diversified product portfolio, cost competitiveness, and large backlog partly securing the company’s future revenue stream.

The ratings also take into consideration the Group’s moderate financial leverage level, the cyclicality and competitive environment in the residential property development business, and the impact from the introduction of new loan-to-value (LTV) rules by the Bank of Thailand.

Land & Houses senior unsecured debentures set at A+

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366306

x

Land & Houses senior unsecured debentures set at A+

Corporate March 22, 2019 16:39

By The Nation

Thai Rating and Information Services (TRIS) has affirmed the rating on Land & Houses (LH) and LH’s existing senior unsecured debentures at “A+”, according to a press release on Friday.

At the same time, TRIS Rating assigns the rating on LH’s proposed issue of up to Bt6,000 million in senior unsecured debentures at “A+”. The proceeds from the new debentures will be used to refinance LH’s debentures maturing in April 2019.

The company said the ratings reflect LH’s leading market position in the residential property development industry, strong brand position in several product types, and moderate level of financial leverage.

The ratings also take into account the company’s financial flexibility deriving from recurring income assets and marketable securities and the cyclicality and competitive environment in the residential property development business.

LH ranks in the top three of listed property developers in Thailand in terms of revenue base.

The company said its operating revenue was Bt35,265 million in 2017 and Bt34,686 million in 2018.

The company had 73 existing projects as of December 2018, with total remaining project value worth Bt63,000 million. Landed property projects comprised around 70 per cent of total unsold value while the condominium projects made up the rest.

The total backlog was worth around Bt9,800 million and is expected to be transferred during 2019-2021.

Taco Bell’s 500th international store to open in Bangkok

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366305

x

Taco Bell’s 500th international store to open in Bangkok

Corporate March 22, 2019 16:38

By The Nation

Taco Bell has chosen Bangkok as the home of their milestone 500th international restaurant.

The new Taco Bell restaurant will be the second in Thailand, set to open on the G Floor of the Siam Paragon shopping mall.

The brand is teaming up with franchise partner Siam Taco, a subsidiary company of Thoresen Thai Agencies to open this new location in the first week of April. This news follows the launch of Taco Bell’s first Thailand restaurant at Mercury Ville mall in January 2019.

GSB wins Best Banker Digital Award

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366301

GSB wins Best Banker Digital Award

Corporate March 22, 2019 15:59

By The Nation

Government Savings Bank’s president and chief executive officer Chatchai Payuhanaveechai got the Best Banker Digital of the Year award from Business + magazine, who collaborate with the Thai Chamber of Commerce..

A press release issued on Friday said the award was given as the bank had improved its business model through innovation and digital technology.