Centara listed by SET in Thailand Sustainability Investment awards

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http://www.nationmultimedia.com/detail/Corporate/30357720

Centara listed by SET in Thailand Sustainability Investment awards

Corporate November 01, 2018 23:25

By The Nation

Centara Hotels and Resorts, a Thai hotel operator, was categorised a Thailand Sustainability Investment (THSI), an annual recognition for listed companies that operate with responsibility for environmental, social and governance aspects.

The THSI list aims to recognise and motivate companies for their efforts towards sustainability, while offering investors an alternative investment in high-performance stocks.

Centara aims to balance its operations to attain financial goals and practice good governance, while creating positive social impact, reducing its environmental footprint and encouraging innovation to sustain the organisation’s competitiveness. The company has formally developed environmental, social and innovation initiatives since 2008, including energy, water, waste and safety management. Centara also engages management, staff, suppliers, guests and communities, for both the long-term growth of its business and vitality of the destinations where it operates. One testament to this commitment is that 15 of Centara’s properties have already achieved gold and silver certification by EarthCheck, a scientific benchmarking and impact assessment body for sustainable travel and tourism.

“Centara intends to operate ethically and sustainably across our entire portfolio. We are committed to sustainable practices throughout our hotel operations, whilst delivering a level of Thai hospitality for our guests,” said CEO Thirayuth Chirathivat. “Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate.”

DKSH unveils high-end imports

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http://www.nationmultimedia.com/detail/Corporate/30357717

DKSH unveils high-end imports

Corporate November 01, 2018 23:09

By The Nation

DKSH, a market expansion services provider with a focus on Asia, recently announced major success in with three widely known luxury brands in Thailand, Montblanc, Aigner and Maurice LaCroix.

Alongside the announcement, the company plans to launch two newly acquired top brands that it has successfully sealed deals and signed the agreements with. These two new brands will strengthen its already strong product portfolio led by Bally, a fashion brand from Switzerland, and Lamy, the German pen maker.

Vanchuen Thongjen, DKSH luxury boss, said: “In 2018, we have strengthened our luxury and lifestyle product portfolio, while expanding our product offering to include the categories watches and leather goods. Lately, we have become the authorised seller for the high-end fashion brand Bally in Thailand. To gain more presence in the lifestyle market, we have spearheaded with the leading international lifestyle brand Lamy and plan to introduce two more brands in the near future for a diversified range of product offerings to our target consumers.”

DKSH has been Bally’s authorised distributor since June. The brand has launched its pop-up stores at the first floor of Siam Paragon and M floor in Siam Discovery.

Lamy’s high-quality pens has a brand-new concept store at Siam Discovery at B2S in Central Department Store.

Pink Lady launches photo and video contest

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http://www.nationmultimedia.com/detail/Corporate/30357663

Pink Lady launches photo and video contest

Corporate November 01, 2018 13:48

By The Nation

Pink Lady, a leading apple brand in United Kingdom and Europe, has launched the #PinkLadyClicksTH campaign, a food photography and videography contest, in partnership with Tesco Lotus and Cititex Group, Thailand’s top fresh fruit importer.

The company said in a press release issued on Thursday that the campaign aims to raise brand awareness among consumers by targeting the new generation that use social media in their day to day lives.

With the launch of the campaign, Pink Lady aims to position itself as the number one apple brand in Thailand.”

Ryan Au, Regional Brand Manager for Asia Pacific and India, Pink Lady, said: “Thailand is one of the biggest markets in Asia, importing over 180,000 tons of apples yearly. Since we started importing Pink Lady to Thailand, we have grown over 400 per cent within five years. In the past, our brand awareness has been measured at 58 per cent amongst consumers in Thailand. With the transition in marketing strategies from B2B to direct consumers, we hope to create a more emotional connection with consumers and in turn grow awareness to 65 per cent.”

“What makes Pink Lady different from other brands, apart from consistently delivering the freshest and tastiest apple in the market, is that we strive to be a part of the consumer’s lifestyle. Our target customers are those who is particular about the quality of product they purchased.

“With the launch of #PinkLadyClicksTH food photography and videography contest, we are confident that participants will be able to experienced first-hand the Pink lady brand in conjunction with Pink Lady Food Photography of the Year in London,” Ryan Au said.

The conditions for participation in the #PinkLadyClicksTH contest is a simple post of any lifestyle food photo or video through social media with the hashtag #PinkLadyClicksTH. Content can consist of anything related to food and represents inspiring stories like a culinary trip, a favourite dish, or a skilful chef, for example, something that gives that ‘Always Wow’ feeling, which is the theme of the campaign. The winning prize is a trip to London’s Pink Lady Food Photographer of the Year 2019.

Sithisak Chantamornwong, CEO of Cititex Group, sid: “The apple market in Thailand is one of the most competitive markets in fresh produce. Although there are many brand options, consumers still can’t separate one from another. With this, Cititex Group saw the market to make a difference and decided to join an exclusive partnership with Pink Lady, the apple brand that prioritizes quality of product and aims to connect with consumers in at a more personal level. With #PinkLadyClicksTH campaign, we believe that consumers will recognise the playful nature of Pink Lady, which will increase brand awareness as well as position the brand higher in the market.”

Gunn Vitidphapatumrong, Category Manager, Produce, Tesco Lotus, said: “Tesco Lotus always strives to bring customers the best quality fresh produce for an affordable price. As consumers grow more health conscious, they have started to pay more attention to where products are made, the quality standards they uphold, and the safety and production process. Since Pink Lady focuses so heavily on the quality of their product, it has proven to be a brand that meets Tesco Lotus’ consumer needs. I am confident that the partnership between Tesco Lotus and Pink Lady for the #PinkLadyClicksTH campaign will add more fun to consumer shopping experience.”

SCG posts Q3 sales revenue of Bt11.5 billion

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http://www.nationmultimedia.com/detail/Corporate/30357662

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SCG posts Q3 sales revenue of Bt11.5 billion

Corporate November 01, 2018 13:43

By The Nation

SCG, a Thai-owned Southeast Asian conglomerate, reported third quarter revenue from sales of more than VND8.1 trillion (Bt11.5 billion), a year-on-year increase of 18 per cent.

The company said in a press release issued on Thursday that the revenue mainly came from its chemicals business, adding that over the past nine months, its revenue from sales in Vietnam stood at VND22.65 trillion.

The LSP Petrochemicals Complex Project, SCG’s latest key venture, was progressing as planned, with engineering design, machinery and equipment procurement and site preparation for construction works already commenced, the company said. Located in the southern province of Ba Ria-Vung Tau, the $5.4 billion-project was slated for completion in 2023, SCG said.

SCG has continued to support young Vietnamese footballers through the SCG Street Football competition in Ha Noi and HCM City which attracted more than 140 teams. The final will be held in the capital this month.

Late last week, SCG also opened a playground for Long Son 1 Primary School in Long Son Commune in Ba Ria-Vung Tau Province, following the first two playgrounds at the same location in 2017.

Taokaenoi opens landmark shop at Centre Point

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http://www.nationmultimedia.com/detail/Corporate/30357661

Taokaenoi opens landmark shop at Centre Point

Corporate November 01, 2018 13:36

By The Nation

Well-known actress Ranee ‘Bella’ Campen is helping Taokaenoi Food and Marketing, the manufacturer and distributor of Taokaenoi seaweed snacks to build a strong brand.

The company said in a press release issued on Thursday that it has captured 70 per cent of domestic market share, and is has been domestically and globally implementing marketing and promotional schemes to enhance awareness at international level.

It recently opened Taokaenoi Land Plus, at Centre Point, SiamSquare, to become a shopping landmark that offers value-for-money products. Renowned star “Bella” was the presenter.

Itthipat Peeradechapan, Chief Executive Officer of Taokaenoi Food and Marketing, said: “The Company has spent a large amount of budget on marketing and promotion. On this occasion, we are delighted to have Ranee ‘Bella’ Campen as the presenter to promote Taokaenoi Land PLUS.

“This prototype will become a landmark for international tourists as well as Thai people who would like to buy souvenirs for loved ones or themselves. In addition to catering for their needs, the shop will carry value-for-money products and deliver a pleasurable shopping experience to customers who shop here. At Taokaenoi Land PLUS, they will find a wide range of products besides snacks, which are the strength of existing Taokaenoi Land.”

At this new shop, tourists will enjoy a one-stop shopping experience. Under one roof, they can find a wide array of products, including products of Thailand that are internationally recognised, such as health and spa products, moisturiser, woven products and other souvenirs.

Furthermore, Taokaenoi Land PLUS aims to be a distribution channel that promotes high-quality local products. Products the shop offers were carefully selected to reassure the customers that they will receive the best souvenirs. In addition to products and services, the shop provides “try before you buy” service to enhance the customer satisfaction.

“The company expect to open at least 80 more branches within three years in tourist destinations countrywide. The shop size will vary from 50 to 200 square metres or larger depending on the areas are worth the investment,”said Itthipat.

L’Oreal Thailand wins Employee Engagement Award

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http://www.nationmultimedia.com/detail/Corporate/30357659

L’Oreal Thailand wins Employee Engagement Award

Corporate November 01, 2018 13:24

By The Nation

2,062 Viewed

L’Oreal Thailand has won the Korn Ferry 2018 Employee Engagement Award.

A press release issued on Thursday said the company was chosen based on the largest percentage of positive responses to two assertions within the recently administered Korn Ferry employee opinion surveys:

1. I feel proud to work for the company.

2. I would recommend the company as a good place to work.

To calculate the winners, Korn Ferry analysed the percentage of employees who “strongly agreed” or “agreed” with the two statements to create an overall score.

“These statements are proven measures of strong employee engagement and a healthy employer brand,” said Ben Hubbard, senior client partner, Surveys & Listening, Korn Ferry. “Because these statements are consistently used by companies around the world to benchmark levels of employee engagement, they provide an excellent foundation for our award.”

Fifty-two companies in 47 countries across the globe are recognised as Korn Ferry 2018 Employee Engagement Award winners, including Groupe Renault, Kimberly-Clark Corporation, L’ORÉAL, Luck Companies, Mitsubishi Corporation, and Ralph Lauren. In Thailand, three companies received the award including L’Oreal Thailand, Tesco Lotus and Exxon Mobil.

Mark Royal, Senior Director at the Korn Ferry Institute, said: “High levels of employee engagement will help businesses meet the challenges ahead, contributing to productivity, agility, and attraction and retention of talent. Engagement is a critical business metric, as proven by Korn Ferry research, that shows high levels of employee engagement can boost revenue growth by up to two and a half times.

“An engaged workforce has the power to deliver tangible competitive advantage in the ever-evolving war for talent and discretionary performance.”

“We are honoured to be named the Most Engaging Place to Work by Korn Ferry. We thank all our employees who shared their pride and recommendation of L’Oréal Thailand as a great place to work as part of the survey, they are our soul and source of pride.” said Ines Caldeira, Managing Director, L’Oreal Thailand.

Sport Spot aims for market lead in swimming products

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http://www.nationmultimedia.com/detail/Corporate/30357612

Robert Davies, centre, general manager of ZOGGS Asia Pacific, with Itthi Nana, right, chief executive officer of Sport Spot Integration, and Nohn Suvachananonda, chief operating officer, show off some of the company’s products.
Robert Davies, centre, general manager of ZOGGS Asia Pacific, with Itthi Nana, right, chief executive officer of Sport Spot Integration, and Nohn Suvachananonda, chief operating officer, show off some of the company’s products.

Sport Spot aims for market lead in swimming products

Corporate November 01, 2018 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

SPORT SPOT Integration Co Ltd, the sole importer and distributor of swimming products under the ZOGGS brand in Thailand, is pushing for the label to become the leading family swimming brand in the country.

Thailand’s market for swimming products is this year estimated to reach between Bt2.5 billion up and Bt3 billion, marking growth of between 10 per cent and 15 per cent from last year.

However, the company has set a target to maintain sales growth of at least 30 per cent a year, outpacing the expansion in the market

Sport Spot Integration will promote the brand with plans to focus on children and families who have high purchasing |power.

The company also aims for a 10 per cent share of the total market of Bt3 billion within three years, while preparing to expand into Cambodia, Laos, Myanmar and Vietnam (CLMV).

“For CLMV, we are happy to work with a potential distributor but if the market is sizeable we might operate our own operation,” said Nohn Suvachananonda, chief operating officer, Sport Spot Integration Co Ltd.

“Vietnam and Myanmar are the targets due to the potential and expat community being big enough and the brand fits in those target markets.”

He said that Thailand also has very high potential despite the relatively low incomes in the country compared with some of the leading countries in Southeast Asia, such as Singapore. The key drivers are segmentation between the children’s and fitness swim markets.

Robert Davies, general manager ZOGGS Asia Pacific, said ZOGGS is a premium sports brand founded in Australia in 1992.

The brand is inspired by swimming and aims to enable more people to experience swimming and help new swimmers learn proper techniques and develop skills with quality swim products, he said. “ZOGGS has created a wide range of swimming goggles, swimwear products, swimming training equipment and pool games for those who love to swim whether for fun or for health,” Davies said.

“ZOGGS targets children who are learning to enjoy the underwater world.

“We want to give children the confidence in water and let them have fun with swimming. ZOGGS currently has distributed in |over 60 countries around the world.

“Sport Spot Integration and ZOGGS share the vision on how to build the brand and have long had a strong business partnership. Working together, we are confident that we will succeed in building the brand in Southeast Asia. We see Thailand, in particular, as a key market in a strategic location where we expect a upward growth in the children’s and family sector.”

High expectations

Itthi Nana, chief executive officer of Sport Spot Integration, said: “Our company was founded in 2000 and has been importing and distributing ZOGGS products in Thailand for more than eight years, starting with goggles and swimming equipment.

Our goal is to bring in high-quality overseas products produced with state-of-the-art technology to build and make it a sustainable brand here in Thailand.

“We are generating growth of 30 per cent per year on average. And we are determined to become the market leader of kids and families swimming under the slogan of ‘The Leading Family Swimming Brand in Thailand’.

The products we import have become hugely popular and successful with kids and families who enjoy swimming as an exercise. In addition, we are the exclusive distributor in neighbouring countries, namely Vietnam, Myanmar, Laos and Cambodia, whose markets we have continuously tapped into.”

ZOGGS products are available at shops in The Emporium, The Emquartier, Siam Paragon, CentralWorld, Megabangna and The Mall Bangkapi in Bangkok, and Jungceylon in Phuket, as well as at SBR-Swim Bike Run Stores.

NMG shareholders sign off on financial statement

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http://www.nationmultimedia.com/detail/Corporate/30357616

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NMG shareholders sign off on financial statement

Corporate November 01, 2018 01:00

By THE NATION

SHAREHOLDERS of Nation Multimedia Group (NMG) yesterday approved the company’s 2017 financial statement in an extraordinary general meeting.

The statement had earlier been examined by an auditor and approved by the company’s board.

The meeting also resolved to increase the number of the board directors to 10 from the current eight in order to improve the company’s corporate governance.

The two new directors are Thanachai Santichaikul, who will be an independent director, and Ka Ming Jacky Lam.

The company determined that the two are qualified to assume the posts, in full compliance with the company’s regulations and those of the market and corporate regulators.

During the meeting, some shareholders raised questions over what they called some doubtful figures under accrued income. The NMG board is examining the matter.

The income in question was booked in the NMG annual financial statements from 2014 to 2017.

At the meeting, members of the board told these shareholders that the company had filed a complaint with the Securities and Exchange Commission (SEC) requesting it to look into the matter. It has also filed a complaint against some former directors and managers after alleging that the company’s financial statements from 2015 to 2017 might have been manipulated.

Additionally, NMG’s chief executive officer Somchai Meesen said that the company has filed a complaint with a civil court to claim damages relating to the matter.

On the operational side, he said that NMG’s Nation 22 and Now26 digital TV channels had seen an improvement in ratings. The ratings of the Nation 22 channel in September rose to 0.189 from 0.098 in March, while that of Now 26 edged up to 0.304 in September from 0.192 in March.

Videos ‘provide marketing edge to reach consumers’

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http://www.nationmultimedia.com/detail/Corporate/30357620

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Videos ‘provide marketing edge to reach consumers’

Corporate November 01, 2018 01:00

By THE NATION

BRAND Now, a Bangkok-based marketing and events management company is encouraging businesses to adopt video-marketing strategies to reach customers in the digital age.

The company, which also is involved in public relations and branding strategies, said it has a Video Marketing Five-Point Recommendation.

“If a picture paints a thousand words, then a well-crafted video release could become the perfect marketing tool to capture the attention of target audience,” a company spokesman said.

According to HubSpot, 78 per cent of people watch online videos each week, with 55 per cent watching every day. Forrester Research reports that one-minute of video is worth 1.8 million words, whilst Cisco said that by 2020, more than 80 per cent of consumer Internet traffic will be made up of online videos.

“At its best, video marketing needs to be relevant, informative and engaging, whether it is an animation or filmed content, with graphics useful for enhancing the content and adding in easy-to-assimilate facts that stand out,” the Brand Now spokesman said.

Brand Now’s five-point recommendation covers:

1. Pair with a traditional press release

Depending on the media medium, the businesses still need to supply editors with a written press release as some publications do not embed video. This gives choice and often means that both their video marketing release and press release are published at the same time.

2. Keep it short and sweet

It is tempting for businesses that are enthusiastic about their product or services to think more is more. The golden rule with video marketing is that less is generally less with a general rule of thumb, particularly for information-heavy videos, is to keep them to between one and two minutes. Extend their corporate message and their audience could switch off.

3. Be concise and relevant

A narrated script, on-screen text and graphics presenters and interviews can all be utilised in video marketing. However, the key is to keep in mind that the writing is different than a piece that will be read. Consider speaking-speeds, time to read words on screen and also to take in information presented in an infographic or chart.

4. Create engaging and well-presented content

Think about the purpose of video marketing. In essence, it is a tool to send information to the media, that could be passed on in video form to would-be consumers. Journalists may use your video release, as they do other marketing materials, to create their own written piece. Keep in mind though that often publications will print a press release as is, so the businesses always need to make a video release presentable enough to be published too.

5. Add movement with B-roll

B-roll is the footage ones splice between their main, to-camera interviews or presenter to-camera footage. Cleverly used, this video content can be used to effectively add to the point the businesses are making, boosting their message and capturing the attention, imagination and feelings of those watching.

Naremit wins NINE’s software deal

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http://www.nationmultimedia.com/detail/Corporate/30357622

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Naremit wins NINE’s software deal

Corporate November 01, 2018 01:00

Nation International Edutainment Pcl (NINE) has awarded an e-commerce and community website software development contract to Naremit Innovation Co, a Bangkok-based customised software and solutions agency.

NINE, a Mai-listed company, is a leading book publisher and all-platform media agency which is intensifying investment in state-of-the-art digital services.

Naremit Innovation provides digital software solutions to leading customers around the world ranging from medical, financial, online payments and logistics. “We design, create, manage, and maintain highly-secured mission-critical systems for our customers with world class services,” said Amawalee Combe, CEO of Naremit.

Naremit Innovation prides itself in keeping up-to-date with latest technologies and providing practical, pragmatic solutions for all aspects of internet websites and applications.

Seen at the contract-award ceremony are, from left: Pana Janviroj, CEO of NINE; Jon Combe, CTO of Naremit, Amawalee Combe, CEO of Naremit, and Voraphot Chanyakomol, CFO of NINE.

ACQUISITION 

Indorama Ventures wraps up takeover of Kordarna

 

The SET-listed Indorama Ventures (IVL), a global chemical producer, has completed its acquisition of Kordarna Plus, the largest producer of tire cord fabrics in Europe. IVL previously announced its agreement to acquire Kordarna on June 29, 2018. The acquisition fits perfectly with IVL’s strategy to further grow the high value-added automotive segment and to establish itself as a major global supplier to the fast-growing tire industry.

Kordarna is the largest independent producer of tire cord fabrics in Europe, with two production sites in Slovakia and the Czech Republic that have a combined tyre cord and technical fabrics production capacity of 50,000 tonnes per annum. The company employs 786 employees.

The acquisition reinforces IVL’s leading position in the tyre cord market, creates significant growth opportunities and enhances IVL’s flexibility to serves the tire industry as a global solution provider.

Aloke Lohia Group CEO of Indorama Ventures, said that the acquisition is another demonstration of IVL aspiration to become a world-scale supplier to the automotive industry.

LEASING AGENT 

CBRE Thailand picked for Mitrtown Office Tower

 

Golden Land Property Development has appointed CBRE Thailand as the lead leasing agent for “Mitrtown Office Tower” at Samyan Mitrtown, located at the corner of Phayathai-Rama 4 Roads.

Samyan Mitrtown is a mixed-use development consisting of office, retail and residence towers, where “Mitrtown Office Tower” is a 31-storey office tower with a net lettable area of 48,000 square metres, which will be ready for “move in” in the third quarter next year.

AEON, FORTH TIE UP 

Point redemption at vending machine 

AEON Thana Sinsap (Thailand) Public Company Limited, a leading retail financial services provider, and Forth Vending Co Ltd, the subsidiary of Forth Corporation, Thailand’s first 2-in-1 Vending Machine & Top-Up provider with a network across the country, jointly announced a collaboration to allow AEON credit cardholders to redeem AEON Happy Point with as low as 100 points at any Boonterm vending machine.

Recently, AEON has launched a new service that allows AEON Gold card, AEON Classic card and other co-branded credit cardholders to redeem beverages via QR Code scan at any Boonterm vending machine from Forth Vending Co Ltd.

Currently there are over 2,000 vending machines nationwide, making it easy and convenient for AEON customers to redeem points.

AEON customers can now redeem AEON Happy Point more easily, starting with just 100 points. Cardholders are required to download the AEON THAI MOBILE application and select the Happy Reward menu.

Pongchai Amatanon, Chief Executive Officer of Forth Corporation Group, said that by the end of 2019, Forth expected to have 5,000 more Boonterm vending machines at various tourist attractions and communities nationwide.

TRIS 

A ratings for CPF debenture issuances 

TRIS Rating has affirmed the company rating on Charoen Pokphand Foods (CPF) and the ratings on its senior unsecured debentures at “A+”, and subordinated capital debentures (hybrid debentures) at “A-”, according to a press release.

The debt issue rating differential reflects the subordinated nature of the hybrid debentures and the option of the issuer to defer coupons on a cumulative basis.

At the same time, TRIS Rating assigns “A+” rating to CPF’s proposed issue of up to Bt12 billion in senior unsecured debentures and the additional greenshoe portion of up to Bt6 billion. The company will use the proceeds from the new debentures for its business operations and/or loan repayment and/or lending to CPF’s subsidiaries.