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https://www.nationthailand.com/business/corporate/40018960

Nation Group (Thailand) Plc’s “One Nation” synergy strategy for cost management has proved successful with profits soaring 620 per cent in the first quarter from the same period last year.

Nation Group (NATION) reported to the Stock Exchange of Thailand (SET) that during the first six months of this year, it recorded a profit of 519.73 million baht, compared with a loss of Bt99.87 million in the same period last year.

Nation Group reported a 178 per cent rise in overall revenue for the first half of this year compared with last year, while revenue from sales and services rose by 21 per cent driven mainly by advertising and events.

Nation Group said 457.76 million baht of profit came from the sale of 61.46 per cent of its shares in Nation Broadcasting Corporation, leaving it with a 9.99 per cent stake in NBC.

Group CEO Shine Bunnag said the profit came from sales of advertisements and holding of events, efficient cost management, business structuring and sale of shares in a daughter company.

These factors had strengthened the financial status of the group, which would allow him to lead the organisation forward with stability as a long-established media institution and the largest media group in Thailand, he added.

“We will move forward as the No 1 provider of reliable information with a responsibility to society,” Shine said.

He attributed the group’s impressive performance to business restructuring under the One Nation strategy.

“This created a phenomenon that saw all media outlets in the group – including Nation TV, Nation Online, Krungthep Turakij, Kom Chad Luek, Spring News, Thai News, The Nation, OK Nation and the People – join forces to increase working efficiency and reduce redundant costs, resulting in a strong financial status,” Shine said.

In March this year, Nation Group overhauled its business structure by having the parent company directly hold shares in its subsidiary firms.

Nation Group also announced the One Nation policy to unify management and increase its efficiency, allowing the group to reduce redundant costs by hundreds of millions of baht per year.

Shine said synergising under the One Nation strategy emphasised Nation Group’s strong point as champions of the “content is king” policy.

He compared each outlet’s editorial department to a chef with a different expertise in preparing news that is useful to society. Each Nation Group outlet carefully checks and verifies information to produce quality content with integrity, he said. The group also adheres to the highest standard of media ethics and prioritises the fight against fraud and corruption.

Shine added that Nation Group expects growth in all units this year, including TV media, print, online media, events and business-to-consumer businesses.

“Although we are a listed company, our goal is not only profit. Our goal is to lead our organisation forward at a strong pace so that we can pay dividends to shareholders in the long term and provide security to our staff. We’ll take care of our staff while also producing useful news information based on media ethics to serve society sustainably,” Shine said.

“Our ideology as a media group with responsibility to society will be underlined by operations that monitor against corruption and take care of the national and public interests.”

Published : August 16, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018957

Singha unveils the new “Singha Red Lemon Soda,” exciting the beverage market for the year’s second half. The unique flavor comes with freshness and zesty lemon flavor combined with Singha soda’s signature fizziness and no sugar or calories for health lovers.

Mr. Titiporn Thammapimookkul, Chief Marketing Officer of the Boonrawd Trading Co., Ltd., reveals that Singha Lemon Soda is a product born from Mr. Bhurit Bhirombhakdi policy for new products which need to suit the market trends and consumers’ needs. The unique flavor will build on two existing products’ success, Singha Lemon Soda and Singha Yuzu Lemon Soda; both contain richness in taste with no sugar and calories for health-loving consumers who seek refreshing drinks.

The new “Singha Red Lemon Soda” will shake the beverage market with its true lemon zest and Singha’s sweet and sour combination with no sugar and calories, suited for consumers who are looking for great products for their health, available at their convenience in the can packaging that they can take with anywhere, anytime.

The “Singha Red Lemon Soda” comes in a sparkling red 330 ml. can, retailing at 16 Baht and available now at 7-Eleven and will be available in modern and traditional trade this September.

“Singha Red Lemon Soda” will provide a refreshing option for consumers and grow Singha Lemon Soda’s portfolio to a goal of 45 million liters in 2022, compared to its 28 million liters sold in 2021, worth over 1.357 billion Baht in the carbonated can drinks which values over 13.172 billion Baht.

Published : August 16, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018930

A campaign against the planned merger of telecom giants True Corp and Total Access Communication (Dtac) over monopoly fears is gaining momentum, with over 15,000 people signing up.

Launched by user “Khun Kuna” seven months ago, the Change.org petition campaign surpassed 15,000 supporters four days ago.

As of noon on Monday, 15,409 people had signed the petition, which has targeted 25,000 signatures.

The campaign calls on the National Anti-Corruption Commission, National Broadcasting and Telecommunications Commission (NBTC) and the Trade Competition Commission to investigate the True-Dtac deal over concern it will lead to a monopoly that damages consumers. It added that the merger would be unfair to Dtac users who do not want to become True customers.

Change.org is one of several channels being used by opponents of the deal. Others include a petition submitted to the Norwegian embassy and a complaint to the Security and Exchange Commission (SEC) against a share buyback from shareholders who disagree with the deal.

On Wednesday, consumer advocates petitioned the embassy in Bangkok, asking the Norwegian government to intervene in the planned deal. Norway’s Telenor is the parent of Dtac, holding 46.7 per cent of its shares.

Last month, the National Telecom Plc (NT) union sent a letter to the SEC asking it to suspend any buyback of shares until the True-Dtac merger is approved by the NBTC.

Prasan Ja-nguleuam, president of the union, said the SEC wrote back on August 3 confirming that the buyback and any other merger-related activity must wait for a green light from the NBTC.

The union’s move followed a July 22 press conference given by the parent firms of True and Dtac, Charoen Pokphand (CP) Group and Telenor respectively. The two firms announced they would buy back shares from shareholders who are opposed to the merger, starting this month. They denied True was launching a takeover, saying the two companies were simply merging to form a new technology firm.

Telenor and CP also insisted that the NBTC has no power to approve or reject their merger but can only impose conditions to govern it.

However, Prasarn argued that under a Central Administrative Court ruling, the NBTC has final authority over approval of the deal.

Prasarn said that NT, which itself was formed from a merger between CAT Telecom and TOT Plc, is a shareholder of Dtac and could face hundreds of millions of baht in damage if the merger goes ahead.

Meanwhile, NBTC appears to have adopted a delaying tactic after the claim it has no power to reject the merger, saying it would order more studies before making a final decision on the deal.

The planned merger is thought to stem from Telenor’s desire to pull out of the region, including Malaysia and Myanmar. Market observers say True sees the deal as a chance to boost its competitiveness against Advanced Info Service, Thailand’s No 1 telecom player in terms of subscribers. They believe Telenor will wait until the merger deal is done before unloading its shares in Dtac.

Meanwhile, True has stepped up its campaign to win public support for the merger by releasing ads, mostly on its TrueVisions subscription TV network. The ads claim the merger will benefit consumers as the two companies would combine their telecom resources and network to provide a better service.

Published : August 15, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018915

Bangkok, August 10, 2022 – Bitkub NFT, a primary Non-Fungible Token platform in Thailand and Taokaenoi, a famous crispy seaweed snack producer, start the NFT airdrop campaign called “NFT : THE PHENOMENON” in which around 600,000 NFTs will be airdropped on Taokaenoi physical snack package.

Under this campaign, the digital asset will be attached inside physical snack packaging as a redemption code for the customers to redeem. 3 special collections have been designed exclusively for this campaign, namely “Journey of Taokaenoi”, “Journey of Bitkub” and “Idol Yin War 9 Collections”.

The 3 special collections will be randomly enclosed in Taokaenoi’s physical snack package both spicy and classic flavors (30-gram size), available at convenience and department stores in Thailand. In each package, customers will receive a code to redeem the NFT special collection using digital asset wallet (Bitkub NEXT). The campaign will run until November 5, 2022.

After completing specific NFTs collections, you will receive special privileges as follows:

1. Collecting 9 types of Yin-War cards to join the Exclusive Sit in Live Event campaign with Yin-War, the famous actors in Thailand.

2. Collecting all 66 types of cards to join the business pitching campaign with Itthipat Peeradechapan, Founder and CEO of Taokaenoi Food & Marketing and Jirayut Srupsrisopa, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd.
 

Follow for more news and updates of Bitkub NFT and Bitkub Chain 

Bitkub NFT
Website : https://www.bitkubnft.com/ 
Facebook : https://www.facebook.com/bitkubnft 

Bitkub Chain
Website : https://www.bitkubchain.com/ 
Facebook : https://www.facebook.com/bitkubchainofficial 
Twitter : https://twitter.com/bitkubchain 

And Taokaenoi
Website: https://www.taokaenoiglobal.com/
Facebook: https://www.facebook.com/clubtaokaenoi/

#BitkubNFT #NFTTHAILAND #Cryptoart #NFTcollection  #BitkubChain #ThaiBlockchain #Taokaenoi #TKN #NFTYinWar #PoweredbyBitkubBlockchainTechnology #YinWar
 

Published : August 15, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018841

Bangkok, August 11, 2022 – Bitkub Chain, the blockchain infrastructure developed by Bitkub Blockchain Technology Co., Ltd., with an aim to be an infrastructure of Thai blockchain ecosystem by allowing anyone to interact with decentralized applications, has been operating for 1 year since April 28, 2022. Now, Bitkub Chain has already achieved 1 million users of Bitkub NEXT *(recently updated on August 10, 2022).

Bitkub NEXT is the digital asset wallet developed by Bitkub Blockchain Technology Co., Ltd., launched on May 7, 2022. It is an important function to interact with decentralized applications (DApp). Bitkub NEXT can be used globally from 80 countries worldwide via web browsers and android application, whereas IOS application will be launched soon according to the roadmap.

In the past 1 year, there were several functions built on Bitkub NEXT, as follows:

Digital Asset Wallet on Bitkub Chain

Bitkub NEXT’s main function is to use as digital wallet to keep digital token and NFTs (non-fungible token) operating on Bitkub Chain such as Bitkub Coin (KUB), FANS Token, KUSDT, KUSDC, KBTC, Popcoin, YES Token, Lumi, Token from Morning Moon Village, Fans Dungeon and Dice Kingdom games. For NFTs, it will be compatible with Bitkub Chain’s partners projects badge (Registered, Verified and Official).

KUB Coin Lock & Drop

According to Bitkub Chain Whitepaper V2.2, KUB Coin holders can enjoy rewards through Bitkub NEXT. Lock & Drop feature allows KUB holders to lock their KUB Coin within a certain period of time and earn various digital asset wallet, as well as other lifestyle rewards from partners. On June 27, 2022, Bitkub Chain announced “KUB On The Rock” package to allow users to lock KUB and get bonus as KBTC and KUSDT.
 

Security Improvement with KYC (Know Your Customer) feature

Bitkub NEXT was designed and tested with high-standard of technology for security improvement. KYC (Know Your Customer) feature was launched on July 8, 2022, offering a protection against anonymous parties who wish to harm users’ assets. 

Platform and DApp Connection on Bitkub Chain

Bitkub NEXT’s main function is to interact with decentralized application (DApp) on Bitkub Chain. The users can use Bitkub NEXT to connect with decentralized application (DApp) such as Bitkub NFT, Bitkub Chain Bridge, Morning Moon Village, KUB Name Service and any other projects as well.

Other Features

In addition, the users can use other features on Bitkub NEXT as follows
1.    Set and remove profile picture with NFT
2.    Transfer digital asset (both coin and NFT)
3.    Transfer KUB to Bitkub Exchange

Follow for more news and updates on Bitkub Chain 
Website: https://www.bitkubchain.com/ 
Facebook: https://www.facebook.com/bitkubchainofficial 
Twitter: https://twitter.com/bitkubchain 
Discord: https://discord.gg/WkJ6j279
Telegram (Community): https://t.me/BitkubChainOfficial
Telegram (News Updates): https://t.me/+jiM6dAP5cxUzZTM1

#BitkubBlockchainTechnology #BitkubChain #BitkubNEXT #Blockchain #BitkubNEXT1M 
 

Published : August 12, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018785

Google Cloud announced plans to open its first cloud region in Thailand, aiming to accelerate the country’s next stage of digital economic development.

This will be Google Cloud’s most significant infrastructure investment in Thailand to date to support its growing local customer base, including companies in regulated industries, said Ruma Balasubramanian, managing director, Google Cloud Southeast Asia during a press conference on Thursday in Bangkok.

She added that when launched, the Thailand cloud region will deliver high-performance and low-latency services to local organisations, with three zones offering protection against service disruptions.

Organisations will also benefit from key controls that allow them to maintain the highest security, data residency, and compliance standards, including specific data storage requirements, she said.
 

The cloud region will be complemented by Google Cloud’s existing Dedicated Cloud Interconnect locations in Bangkok, which provide direct connections between an organisation’s on-premises network and Google Cloud’s global network.

“Google Cloud aims to complement the government’s steadfast pursuit of infrastructure projects like the Eastern Economic Corridor and deliver the cloud foundation that more businesses need to transform and grow – whether it’s by maximising the use of data, enabling a hybrid workforce, or having the flexible platform to adapt to evolving market and regulatory conditions,” said Balasubramanian.

Google strongly believes that Thailand will become one of the world’s most competitive countries and the innovation engine of a digital economy in Southeast Asia that’s set to be worth 36.25 trillion baht by 2030, she added.

Meanwhile, AlphaBeta research commissioned by Google also found that if leveraged fully, cloud can create up to 2.5 trillion baht in annual economic value in Thailand by 2030. That amount is equivalent of 16 per cent of local GDP in 2020.

Although the region cloud is not yet ready for customer use, Balasubramanian assured that the company would stick to the timeline and would share more information in the coming months.

She did not reveal the amount of investment. She confirmed that the Thailand cloud region would be fully equipped, as with the other countries where Google has already established a Google cloud region.

The Thailand cloud region will join Google Cloud’s 11 existing regions across Asia Pacific and Japan, including two in Southeast Asia, which are in Singapore and Jakarta.

Globally, Google Cloud also recently announced plans to add cloud regions in New Zealand, Malaysia, and Mexico, which will join five regions already coming soon to Berlin, Dammam, Doha, Tel Aviv, and Turin.

Published : August 11, 2022

By : Nongluck Ajanapanya

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018781

Thai Sugar Terminal Pcl (TSTE) has invested in food-tech start-up Thai Ento Food Co Ltd, a pioneer and top local producer of cricket protein powder under “Sixtein” brand in a joint production venture aimed at serving markets worldwide.

The investment was made in light of sustained strong market outlooks of alternative food products for the future. The companies have ambitiously set their sight on elevating Thailand to be a global production hub of cricket powder with projected sales figures exceeding one billion Baht by the end of the next three years.

Elaborating on the venture with TSTE, Thai Ento Food managing director, Mr Teeranut Rungsuwan said this business expansion policy has strengthened the potential of the company, which is the country’s first large scale industrial producer of cricket powder. “It will go a long way to solidify our position as the leader in cricket power production in Thailand, which is vital to achieving a goal of transforming Thailand into a global production hub of cricket powder, therefore helping to generate income that will benefit communities in upcountry, the farming sector, society and the country,” he added. 

TSTE and Thai Ento Food set the sales target in 2023 at 250 million baht, and in 2025 at one billion Baht, 70 per cent of which coming from international markets and the rest 30 per cent are from domestic markets.

“We appreciate consistent supports and promotion activities from the public sector as it is clear that overseas consumption of cricket powder has increased markedly, which boosts the growth and the market size significantly, particularly in the functional food and novel food segments in the US, China, Europe and Latin Americas,” he added. 

According to the Ministry of Commerce, the insect protein market worldwide is currently worth over US$400 million and is estimated to reach US$2.06 billion or more than 70 billion Baht in 2027. This estimation is consistent with a projection by the National Bureau of Agricultural Commodity and Food Standards which puts the growth of the edible insect market during 2018-2023 at 23.8 per cent worldwide and will be worth 37.9 billion Baht in 2023. So far, Thailand has managed to secure a modest share in the export markets as the country’s industrial production of the insect food products is still in an early stage. 

Mr Chanachai Chutimaworaphan, Chief Executive Officer of TSTE, revealed that Thai Ento Food is an attractive rising star start-up and has outstanding innovative processing technology thanks to its collaborative R&Ds with a leading local university, thus enabling production of high-quality protein powders which are main ingredients to increase protein in processed foods in the food manufacturing industry. 

He said the company decided to invest in this food-tech start-up and serves as its strategic partner because it realizes the potential of insect protein powders as novel protein of the future and they can ideally open doors to new businessopportunities relative to our current business lines. He said another objective is to try to capture additional markets by taking advantage of TSTE’s B2B customer base which will allow Thai Ento Food to grow further to become the leading producer of a complete line of cricket protein powders.

The TSTE’s investment will see a cricket power facility commercially operational in Q4 of 2022 with maximum production capacity of 1,200 tons a year or a daily production of 4 tons, potentially rising 10-fold within a year, making Thai Ento Food the country’s first industrial producer of cricket protein powder. To achieve such an ambitious objective, there has to be a close collaboration between the company, cricket farmers, protein-rich food and beverage producers, trade partners, the public sector as well as foreign trading partners.

Thai EntoFood is the first to use a bespoken Isec Technology at its industrial cricket powder processing and production facility. It is a continuous and zero-waste process to maximise the use of all body parts of an insect with high precision to produce light colour and odorless powder. The facility has also received the highest international food safety standard certificates, namely FSSC 22000 (Food Safety), ISO 22000, HACCP and GHPs.

Published : August 11, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/corporate/40018771

Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).

The LCI Fund targets ESG-aligned investments, with a fund life of approximately 10 years and an investment period of 5 years for which capital calls will be made gradually.  

Ms Yupapin Wangviwat, GULF’s Chief Financial Officer, stated “LCI fund targets to invest in European-focused innovative and fast-growing companies that deliver measurable greenhouse gas impact, since Europe has allocated massive funds with concrete plans for investment in the energy transition from fossil fuels to clean alternatives. 

“This is in line with GULF’s objective to focus on investments in renewable energy-related businesses and climate management, in accordance with the global target to achieve net zero emissions by 2050. 

“Furthermore, this investment demonstrates GULF’s commitment towards environmental and social responsibility while achieving good financial returns.”

LCI Fund is advised by Lightrock, which was founded by the Princely House of Liechtenstein and is backed by LGT Group; a leading private banking and asset management group. 

LCI Fund targets ESG-aligned investments across different investment themes such as Energy Transition, which includes renewable energy, battery storage and energy efficiency; Decarbonizing Industries, which includes carbon capture and storage, and green industrial processes; Sustainable Transportation; Sustainable Food and Agriculture, and Enabling Technologies and Solutions, which includes advisory services for developing emission reduction projects.

The investment is an attempt to follow Thailand’s policy which aims to become carbon neutral in 2050 and achieve net zero greenhouse gas emissions in 2065, as Prime Minister Prayut Chan-o-cha had announced in the 26th United Nations Climate Change Conference (COP26) in November 2021.

Published : August 11, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018766

Bangkok, August 11, 2022 – The Incubation Network, in partnership with the Global Plastic Action Partnership, UpLink by the World Economic Forum, and the Alliance to End Plastic Waste, have recently launched the Plastic Waste to Value Southeast Asia Challenge to tackle plastic waste mismanagement in the region.

Established to accelerate innovative solutions that are focused on plastic recycling and upcycling in Indonesia, the Philippines, Thailand, and Vietnam, the challenge is excited to unveil five innovators that will be participating in the tailored development program over the course of five months.

The challenge received a total of 101 incredible applications through the UpLink platform. 48 shortlisted candidateswere carefully assessed by academic researchers, corporate sustainability practitioners, innovators, and climate & circular economy specialists. The selected innovators will receive partnership building opportunities, mentorship, increased visibility, access to networks, and grants to scale their solutions. 

Urgent sustainable solutions are needed to combat the ever-growing global plastic waste pollution crisis. Between 2017-2019, an estimated 2 million tonnes of plastic waste leakage per year came from Thailand, Indonesia, the Philippines and Vietnam. This accounts for 17% of annual global marine plastic waste leakage. Plastic waste that is not polluting waterways is either burnt or dumped – posing a significant threat to environmental and biodiversity health. 

“At The Incubation Network, we empower local entrepreneurs and solutions that are working to prevent plastic waste leakage. Some of our previous programs include the Thailand Waste Management and Recycling Academy which connected early-stage startups to industry experts, and the Thailand SME Scale Up Program which helped recycling and upcycling businesses to scale-up and expand their operations,” says Sirinchayaa Preechapatsakool, Ecosystem Consultant, The Incubation Network. “We are very excited to support the Plastic Waste to Value Southeast Asia Challenge cohort. Their role will be a stepping stone to better waste management system in the region, including in Thailand.”

“Innovative solutions are critical to address plastic waste management in the region. We are thrilled to have worked closely with The Incubation Network and the Alliance to End Plastic Waste to identify an impressive cohort of Top Innovators with high-impact solutions that bring value to plastic waste. We look forward to providing the Innovators with greater visibility and impact in the region.” says Poonam Watine, Knowledge Specialist, Global Plastic Action Partnership.

Solutions have been assessed based on their contributions to at least one of the three focus areas: (1) Increasing the amount of plastic waste managed, processed and/or recycled; (2) supporting the operational improvement of plastic waste management and recycling; and (3) improving working conditions of enterprises in plastic waste management and recycling. 

The Plastic Waste to Value Southeast Asia Challenge cohort includes:

TerraCycle Global Foundation (Thailand)
TerraCycle Global Foundation provides simple, innovative, and high impact solutions to prevent, remove, and recycle waste from the environment. 

Bank Sampah Bersinar (Indonesia)
Bank Sampah Bersinar is a social enterprise that provides community-based waste management solutions. 

ENVIROTECH WASTE RECYCLING INC. (Philippines)
Envirotech collects Single-use plastic (SUPs) and turns them into useful products.

Kibumi (Indonesia)
Kibumi is a disruptive startup company that strengthens the plastic recycling supply chain through digitalized and modernized waste collection points.

Plastic People (Vietnam)
Plastic People transforms plastic waste into useful and upcycled products such as furniture or accessories.

“Ending plastic waste is a clear and urgent necessity recognising both the environmental costs and economic losses when plastic waste is not recovered,” says Nicholas Kolesch, Vice President Projects at the Alliance to End Plastic Waste. “With growing demand for post-consumer plastic, the Plastic Waste to Value Southeast Asia Challenge will support ventures in the region to close this gap, getting plastics out of the environment and back into a circular economy.”

The Plastic Waste to Value Southeast Asia Challenge is led by The Incubation Network, the Global Plastic Action Partnership, UpLink by the World Economic Forum, and funded by the Alliance to End Plastic Waste, and supported by SecondMuse, The Circulate Initiative, Global Affairs Canada, and DEFRA. 
 

Published : August 11, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40018745

Forbes Asia announced its 2022 Best Under A Billion list, which recognizes 200 top-performing publicly listed small and midsized companies in the Asia-Pacific region with sales under US$1 billion. 

As Covid-19 restrictions ease across the Asia-Pacific and people adapt to the new normal, this year’s annual Best Under A Billion list highlights the shift to discretionary spending.

The post-pandemic return to daily life has benefitted apparel makers, mall operators, restaurants, consumer electronics and entertainment companies, among others.
 
This year’s Best Under A Billion list sees 200 companies selected from a universe of 20,000 publicly traded companies in the Asia-Pacific region with annual sales above $10 million and below $1 billion.

Of note, the list features companies from across the region, spanning industries such as semiconductors, software and services, pharmaceuticals, healthcare and manufacturing.
 
Reflecting their resiliency in a fast-changing environment, 75 companies returned to the list from the prior year. Notably, Taiwan’s Aspeed Technology has made Best Under A Billion for nine consecutive years.
 

 

The full Best Under A Billion list can be found at www.forbes.com/bub and in the August issue of Forbes Asia.
 

Published : August 10, 2022