At A Glance

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  • Two agriculture fairs in push for Thai hub
  • Lender pours Bt8 bn in new tech company
  • Bt500m investment for value chain optimisation

At A Glance

Corporate August 20, 2018 17:53

By The Nation

Two agriculture fairs in push for Thai hub

Thailand is hosting two major agricultural business events featuring smart technologies next week. Organised by the Thailand Convention and Exhibition Bureau, these events will underscore the country’s leading position in the world’s agriculture industry. It is expected to draw up to 20,000 international delegates coming to explore agricultural innovations displayed under one roof. Highlights of smart-techology devices designed by Thailand, such as an intelligent sugarcane cutting machine and a smart plant-nursery with an artificial lighting system will be showcased, along with agricultural drone technology from China.

Chiruit Isarangkun Na Ayuthaya, TCEB president, said that the organisation is providing support for the two agricultural trade fairs, to be hosted in Thailand, namely Horti Asia 2018 – a leading international trade show for horticulture and floricultural production and processing technology, and Agritechnica Asia 2018 – the world’s largest trade fair for agricultural machinery and equipment. Both events will take place in Bangkok during August 22 and 24 at the Bangkok International Trade and Exhibition Center or Bitec.

Bt500m investment for value chain optimisation

After successfully restructuring its organisation by merging the technology and operation departments together in early 2018, FWD Life Insurance Public Company Limited has announced a Bt500 million, three-year budget for the development of technology to optimise value chain with agile methodology, in order to deliver best possible personalised customer experience through FWD Customer Service Centre and all customer touch points.

Apirak Chitranondh, Chief Technology and Operations Officer, said FWD is committed to change the way people feel about insurance and strive to surprise and impress our customers with innovative and best possible experiences in all touch points. To further strengthen our commitment, we will invest Bt500 million in the next 3 years to develop technology to optimise our value chain including products and services proposition, underwriting, premium payment, and after-sales services, aimed at achieving these five capabilities: Enablement, Experience, Deliverable, Quality, and Efficiency.

Lender pours Bt8 bn in new tech company

In support of the inception of “Regional Life Platform of Choice” and expand regional business in AEC+3 markets, Kasikornbank (KBank) has invested Bt8 billion in a new company “KVision”, which will engage in joint ventures with leading technology and financial firms worldwide to provide financial services to a large regional customer base. KVision is an investment holding company under Kasikornbank , responsible for scouting the tech communities to find innovative firms and tech talents from all corners of the world to collaborate and develop new technological capabilities.

Pattarapong Kanhasuwan, KBank executive vice president, said that the world has changed significantly because of digital disruption, and digital technology has become the fifth requisite of people’s lives. People get access to an array of solutions and services in the digital world at their fingertips, and a new generation of consumers has emerged. As “digital consumers” have different behaviours and needs, banking services have to be redefined.

“While products were previously designed for large segments of customers, we are now seeking to meet individual needs. With the help of big data analytics, we gain more in-depth understanding of customers’ needs and are able to create customer segments that have never existed before.” he said.

$40m waterpark, entertainment complex to be built in Phuket’s Cherng Talay

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$40m waterpark, entertainment complex to be built in Phuket’s Cherng Talay

Corporate August 20, 2018 17:36

By The Nation

Phuket’s tourism industry has received a major shot in the arm with the unveiling of Blue Tree Phuket, a US$40-million (Bt1.32 billion) multi-dimensional destination waterpark and entertainment complex set over 140 rai (22 hectares) in Cherng Talay.

Positioned as Phuket’s premier family attraction, Blue Tree is located within easy reach of the province’s popular central west coast and will be the island’s first international-standard, fully integrated waterpark and family entertainment complex, placing it at the cutting edge of a growing demand for inland tourism on the island.

The complex will feature a mix of retail, destination dining, waterpark, beach club, and health and fitness with its star attraction at its centre – Blue Tree Lagoon – designed and built by world-leading US-based water-attraction specialists Crystal Lagoons, according to the company’s release on Monday.

Method in the MESSAGE

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On-Uma Vattanasuk Rerkpattanapipat, senior vice president, corporate communications and sustainability, dtac
On-Uma Vattanasuk Rerkpattanapipat, senior vice president, corporate communications and sustainability, dtac

Method in the MESSAGE

Corporate August 18, 2018 01:00

By ASINA PORNWASIN
THE NATION WEEKEND

SOME busy people may wear two hats at work. If you’re On-Uma Vattanasuk Rerkpattanapipat you can add a third. But On-Uma is used to juggling roles in her hectic schedule at dtac. The former journalist is the senior vice president for corporate communications and sustainability at the mobile telecommunications operator.

While On-Uma, also known as Oum, is responsible for handling corporate communications at the company, her duties are divided into three strands: when she is not on the front line of the company’s interactions with reporters, she is managing the in-house communications and guiding its corporate social responsibility programme (CSR).

On-Uma says dtac – like its peers in the telecommunications sector – is confronting digital disruption, but is determined to seize opportunities amid the challenges.

The role of the corporate communications team is not only to help strengthen the corporate culture but to communicate the company’s core values to the stakeholders while seeking ways to boost the company’s business.

“Corporate communications is a job to that entails creating and strengthening the corporate culture every day,” On-Uma says.

On her role in managing the internal communications at dtac, she says the employees are the key stakeholders, and she regards this side of her work as the most difficult.

“Since the staff know in details about the issues and encounter the problems that may arise, their input is vital, and they are also receiving information from each other,” says On-Uma.

“And, of course, they are direct stakeholders in the company.”

As for the practical skills required in her work, the public relations chief says excellence in written ability can only get you so far. Good internal communication requires many skills, including understanding the company’s core business and having the ability to produce strategic communications. A social media mindset is also required, along with a hefty dollop of creativity.

In On-Uma’s case you can also throw in plenty of experience.

She had been a journalist at Channel 7 before moving on to work in the communications unit of IBM Thailand and then following a fork in the road to BMW Group. She had moved back to IBM Thailand before joining dtac.

In a 20-year career she has drawn heavily on her journalistic skills.

“Not a day goes by when I don’t use these skills. They are a must for everyone who works in the communication field,” On-Uma says. “My jobs have always been about communication. Corporate communications requires journalistic skills as a key aspect of the job.”

Back at the coalface, On-Uma sends corporate strategic messages to the 4,000 employees nationwide across all formats and media.

Her thinking for employee communications is to equip the workers with enough information to get them understand the company’s strategy. With this achieved, the employees can help drive the organisation forwards.

“For internal communications, the team has to work with all business units in order to get the right information out to the workers,” On-Uma says.

Among the initiatives on this front is a link between dtac and A Day for a joint editorial team between dtac’s in-house magazine and A Day Magazine. Under this venture, corporate stories are put out using what is called an external point of view. There is also a blog and employees can participate in this by indicating likes and sharing the posts as well as leaving comments.

“We have really modernised the way we communicate together inside the company. Most of the staff are aged between 26 and 40, with the majority being women,” On-Uma says.

She says one of her missions is to improve the ways of storytelling, especially on what is known as data visualisation. She and her team of 13 have taken courses on data visualisation in order to have the ability to create a new means of internal communications. This approaches encourages greater employee engagement.

“Employees are the best ambassadors of the company, so we needs to encourage them to be well-informed employees,” On-Uma says.

She is particularly proud of what the company calls its Flip It Challenge. She initiated the concept to encourage employees to “flip”, or change, the way they work and how they deliver service to customers in order to improve the service offerings.

“We have challenged all the 4,000 employees to flip it in order to initiate new projects. We put this challenge out to the group heads of all business units to get their all staff to participate in it,” On-Uma says.

Greater employee collaboration is one of the most successful outcomes from this communications initiative. She says that some 2,000 employees have been engaging in this challenge regularly.

In yet another idea, On-Uma’s corporate affairs team proposed a campaign called Plik Thai, under which people across Thailand are invited to submit projects and join the campaign. She received proposals for 500 projects and whittled this down to the 10 best ones.

One such project is called “Police Noi”, or Little Cop. It uses artificial intelligence for a chatbot that helps victims of domestic violence to gain easier access to the justice system. They can also receive counselling. The company supports such projects, On-Uma says, as it wants to empower disadvantaged people with the use of digital technology.

As for the concepts behind the company’s external communications, On-Uma speaks about happy PR and strategic PR. The former, she says, relates to the delivery of good news. But when a company needs to put out news “that can be interpreted in many ways according to market sentiment”, it requires strategic PR, she says. On-Uma cites the example of when dtac did not join in the bidding for 1800MHz spectrum in an auction by the regulator.

“We prepared communication messages and planned when would deliver the message and how to deliver it to each group of stakeholders. We always practise strategic communications in every kind of situation,” says On-Uma.

Strategic PR, she says, is about managing market expectations. “Most of our work is about strategic communication. We need to manage all the expectations of stakeholders with a good strategic message. We always use strategic communications in both normal situations and in periods of crisis,” says On-Uma.

“We need to take action once a crisis occurs,” she says. “We focus on the collaboration with online marketing, the call centre team, and dtac’s social media team as well as dtac’ s pantip.com team. The relationship among the teams within the company is the key to dealing with a crisis.”

She recalls that the time of greatest pressure during her tenure at the company came two years ago when dtac lost out in auctions for 1800MHz and 900 MHz spectra.

“We had 15 days lead time, after we failed in the 1800 MHz auction, and needed to do our best in the 900 MHz auction in order to manage the expectations of our stakeholders,” On-Uma says.

“It was a different scenario when we failed in the 1800 MHz auction and then failed in 900 MHz auction. Once we ensured that our employees were well informed and we effectively managed the expectations of our stakeholders, then that helped us to minimise the fallout from the failure at the 900 MHz auction. At that time, we learnt a lot about crisis communication management.”

More broadly, she says the task of getting the management’s message out to employees is helped by the company’s work culture of openness.

On the CSR front, On-Uma says the company makes use of its competencies in digital technology and can draw on its huge customer base. By doing so, it can bring benefits to Thai society.

She says dtac plays a constructive role in the industry and clearly states its opinions on government regulations. This kind of role requires what she calls advocacy communication, a relatively new field.

“We focus on advocacy communication because we want to take part in formulating policies and in driving social values,” On-Uma says. “For example, we built a campaign called Stop Cyberbullying, which is a part of dtac’s Safe Internet initiative. This approach forms part of our advocacy communications.”

More broadly in the company’s communications regarding sustainability issues, the content marketing is the key strategy for On-Uma’s corporate communications team.

She cites the example of dtac joining with the National Electronics and Computer Technology Centre (Nectec) to offer Internet-of-Things sensor technologies to 30 farms. This was carried out under what she calls a CSR to CSV business model, the latter referring to “create shared value” between business and society.

“Digital technology helps evolve our way of working. We need to have an open mind, to embrace the reality of the digital disruption,” says On-Uma.

When she is not plotting strategies at the office, On-Uma fits an at least an hour each night with a good book.

Her favourite works are about business, biographies, and life and work principles. She believes in self-learning and self-improvement – and that reading is the key to ensuring this.

“I always tell my daughters that the classroom gives you only 30 per cent of the knowledge you need. Books, communication and action make up the rest,” the PR chief says.

On the family front, she says time management is the key to ensuring she always has enough time for her two daughters and family life.

“I am lucky that I have landed what is my favourite job at dtac,” she says. “dtac offers freedom to employees and that is what I love the most about working for the company.”

In terms of gender, she says that women need to have three attributes to get ahead: ambition, attitude and ability.

“Everyday morning after I wake up, I go into the office and enjoy my working life and that creates a good benefit for society. Every day, we talk together about the initiatives for helping people to get better lives and that creates energy in our work,” On-Uma says.

And there is one key supporter she wants to credit for her success. “My husband is the wind beneath my wings,” On-Uma says with pride.

Banpu unveils new logo

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Banpu unveils new logo

Corporate August 17, 2018 19:35

By The Nation

Banpu Public Company Limited, led by chairman Chanin Vongkusolkit and CEO Somrudee Chaimongkol, has revealed its Our Way in Energy, to build sustainable values for all stakeholders, to fulfil its environmental goals.

There is a redesigned logo for the integrated energy solutions company in all 10 countries in which it operates. The revamped identity reflects the company as up-to-date, dynamic and constantly evolving and developing products and services to serve the needs of the business and social sector and the community, it said.

Fitch gives AEON A rating

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Fitch gives AEON A rating

Corporate August 17, 2018 19:02

By The Nation

Fitch Ratings Thailand has affirmed the national long-term rating of AEON Thana Sinsap Thailand Public Company Limited at “A-(tha)” with a stable outlook. A full list of rating actions is at the end of this rating action commentary.

Fitch said AEONTS’ ratings are driven by its standalone credit profile. AEONTS is one of Thailand’s largest consumer-finance companies, with an established and sustainable franchise in the unsecured lending – credit cards and personal loans – segment and sound profitability. The ratings also reflect significant competitive pressure in this segment, including from larger commercial banks.

AEONTS is not a depository corporation and hence relies on wholesale funding, but its funding sources are diverse compared with other non-bank financial institutions, it added.

Ninja Van launches “Next Day Guaranteed Delivery”

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Ninja Van  launches “Next Day Guaranteed Delivery”

Breaking News August 17, 2018 18:17

The tech-enabled Southeast Asia delivery company, “Ninja Van” can now deliver next day as a guaranteed service in Bangkok and greater Bangkok.

The campaign is intended to meet the needs of shoppers and to provide them more convenience and fewer delays in receiving their merchandise, according to the firm’s press statement.

For sellers, it enables greater certainty and better overall customer experience, more in keeping with global best practices.

Virachai Chusakulporn, Ninja Van Thailand’s country head said “Thai consumers and sellers alike like speed and certainty. Ninja Van’s newly launched Next Day Guaranteed Delivery will add value to sellers and provide precise delivery date for shoppers.”

“You have our word on it: If a guaranteed item is delivered late to a location where acceptance is available, Ninja Van will refund it.”

The campaign is available for all customers delivering with Ninja Van through three key products:

1. Ninja Premium, a proprietary system for customers to manage hundreds of deliveries easily (more info through line@ninjapremium.th)

2. Ninja Easy, a mobile app on iOS and Android for customer to request on-demand doorstep pickup within 90 minutes. The Ninja Easy app can be downloaded from the Apple App Store and Google Play Store.

3. Ninja Point, a brand-new shop at The Platinum Fashion Mall for customers to easily drop off their parcels with Ninja Van. This first shop offers another simple option for convenient drop off and delivery service for sellers and consumers in Pratunam, Ratchaprasong and Siam Square. To celebrate this launch, customers can deliver parcels at the starting promotion price of 20 Baht for delivery within Bangkok and greater Bangkok.

BGRIM acquire Vietnam solar power project for $35.2m

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BGRIM acquire Vietnam solar power project for $35.2m

Corporate August 17, 2018 16:58

By The Nation

B Grimm Power Plc has completed a US$35.2 million acquisition of a solar photovoltaic power projects in Vietnam.

BGRIM, through subsidiary B Grimm Renewable Power 2 Ltd, has acquired an 80 per cent stake in Phu Yen TTP Joint Stock Company, the project company investing and developing in a 257MW PV scheme in Phu Yen province on the south central coast of Vietnam.

The purchase of 80 million shares in the Phu Yen TTP, concluded on Thursday, forms part of SET-listed BGRIM’s rapid expansion of power generation equity in Thailand and overseas.

Phu Yen will particularly contribute to BGRIM’s growing renewal power portfolio as well as strengthening its presence in Vietnam, according to BGRIM president Preeyanart Soontornwata.

BGRIM has recently completed a deal for a 55 per cent stake in the 420MW solar powerhouse in Tay Ninh, southwest Vietnam, billed as the largest of its kind in Southeast Asia.

Frothy sales sought from robot barista

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Frothy sales sought from robot barista

Corporate August 17, 2018 01:00

By   JIRAPAN BOONNOON
THE NATION
SINGAPORE

CROWN Coffee has developed the first robot barista in Singapore dedicated to serving coffee lovers.

 The firm expects to officially launch the product on the city state’s domestic market by the end of this year before expanding its business base to global markets at a later stage.

Keith Tan, founder and chief executive officer of Crown Coffee, said that the firm worked with business partners to develop the robot barista, dubbed Ella, to benefit coffee lovers around the world.

It spent one year to develop the robot, which can provide around 15 types of popular coffee offerings, such as Americano, cappuccino and cafe latte.

“Ella is a six-axis robot and is fully automated with state-of-the-art technology, like facial recognition software that recognises customers and their favourite types of coffee,” Tan said.

“The robot’s production rate is five times faster then a regular barista’s. Being fully automated and using cloud computing, we can track usage levels of coffee grounds, water, milk, temperature and total output.”

The robot was shown off at a press conference for Industrial Transformation Asia-Pacific 2018 in Singapore. The event, which is being organised SingEx, will be held on October 16-18 at the Singapore Expo.

“The robot can provide coffee 24/7 and help coffee owners reduce the costs of hiring a barista to support and manage their coffee shops,” said Tan.

“For coffee lovers who want to drink coffee, they can just order their favourite coffee from the computer display screen and then the robot can offer coffee for you.

“We plan to offer the robot for 24/7 use around the world. It can serve coffee at airports, train stations and hospitals. We can scale up very quickly, depending on the demands of the market.”

He said the robot barista can provide 200 cups of coffee an hour. Tan’s company is negotiating with Changi Airport to set up the robot in the airport.

“We will able to provide efficiency and quality with our robotic barista for the benefit of the market,” Tan said. The company plans to provide the robot via a franchise system in global markets, such as in Thailand and elsewhere in Southeast Asia, at a later stage.

The company opened premium coffee shops two and a half years ago. It now has four such traditional cafes in Singapore.

TCP to spend $300m in sustainability drive

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TCP to spend $300m in sustainability drive

Corporate August 17, 2018 01:00

By The Nation

TCP Group, the drinks and snacks group best known for its Krating Daeng (Red Bull) energy drink, plans to spend more than US$300 million (Bt10 billion) over the next five years on improving the environmental safeguards in its operations, chief executive officer Saravoot Yoovidhya said yesterday.

Saravoot said the group’s sustainability goals extend from a commitment to integrity in all its business activities, through to a commitment to quality in its products and the workplace, as well as a commitment to sustainable environmental practices and community relations.

“Our business goal is to become, within 2022, one of Thailand’s most admired corporations that is a house of powerful brands with our annual sales tripling to US$3 billion,” Saravoot said. “We will drive our goals with investments of over US$ 300 million that will strengthen our capabilities in every field.”

He said the group had taken an important first step towards becoming a most admired company by making the fulfilment of sustainability goals an inseparable part of the company’s overall goals. “Those goals are grouped under three main pillars – integrity, quality and harmony – and are consistent with the United Nations’ sustainability guidelines,” he said.

Saravoot said TCP Group would work in partnership with other stakeholders in any area that can enhance the fulfilment of its sustainability goals, including non-government organisations, local communities and government agencies.

“Integrity is the first of our three pillars on which we have built our sustainability goals,” said Saravoot.

“It’s about how we behave both internally and externally, and includes operational guidelines that ensure good corporate governance as well as fair procurement practices, and the promotion of sustainability in the supply chain.”

He said that quality was another pillar around which the company had formulated its sustainability goals.

Harmony is the third of its sustainability pillars, and its focus is on ensuring that “everything we do as a company is in harmony with the environment”, as well as the communities in which the group operates

“Our sustainability goals are real and actionable, because we see them as integral to our business development,” Saravoot said.

THAI PRESIDENT FOODS Bid for bakery stake hits obstacle

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THAI PRESIDENT FOODS Bid for bakery stake hits obstacle

Corporate August 17, 2018 01:00

By The Nation

Thai President Foods Plc’s board of director has approved a budget of Bt9 billion for the tender offer of 33 per cent stake in President Bakery Plc, the bakery producer the Farmhouse, at the price of Bt61.16 per share, according to the company reported to the Stock Exchange of Thailand yesterday.

Currently, Thai President Foods Plc holds a 46.9 per cent stake in President Bakery Plc. The company is required to offer to purchase from other President Bakery’s shareholders in light of the proposed tender offer shall amount to not exceeding 238,937,200 shares (or equivalent to 53.10 per cent of the total issued and outstanding shares of President Bakery Plc).

However, the company has received a letter of intent from Saha Pathana Inter-Holding Plc (SPI), one of President Bakery Plc’s major shareholders, informing the company that it does not wish to, and agrees not to, sell 90,450,000 shares in President Bakery held by it during the tender offer and that there shall be no sale, purchase or transfer of ownership of such shares during the tender Offer period.