O Shopping boasts 40% growth

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Suwat Damrongchaitham, CEO, GMM CJ O Shopping
Suwat Damrongchaitham, CEO, GMM CJ O Shopping

O Shopping boasts 40% growth

Corporate April 06, 2018 17:54

By The Nation

After improving its website under the concept of “Be Better, Everyday Life” with “Show Host Li Leng” as the brand presenter, O Shopping has enjoyed a monthly growth of 40 per cent, compared to 2017, with spending per each purchase reaching Bt1,500 on average.

Suwat Damrongchaitham, CEO, GMM CJ O Shopping, said: “O Shopping launched its website Oshoppingtv.com designed and developed to be easy to use with different types of payment. Moreover, it can serve more online shoppers and increase more merchandise to answer all target groups with hot promotions to urge online shoppers to be confident.

“O Shopping expects to see housewives shop online more while we aim to promote TV home shopping, including show hosts as the representative to review products for online shoppers,” Suwat continued.

“This year, Oshoppingtv.com grows significantly with more than 3,000 items, including best sellers like fashion, cosmetics and supplements. There are approximately 600 times, or a 1.7 time, increase. The highest numbers of orders come from mobile browsers which accounted for 61 per cent of the total orders. The second channel is via the call centre and then the internet.

“We changed consumer behaviour from calling our call centre to online buying by 10 per cent. As a result, we try to develop our e-commerce channel including the website, applications and social media as well as delivery and payment systems. We have built trust among buyers with our cash on delivery, free delivery and easy refunds.”

This chief executive said this was the way to do home shopping that could expand to a new generation while keeping the adults at home, which is the main target. In the future, online shopping will be another key channel of the company which will grow continuously, Suwat said.

Elite university still sees future for fossil fuels

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http://www.nationmultimedia.com/detail/Corporate/30342561

Elite university still sees future for fossil fuels

Corporate April 06, 2018 01:00

By THE NATION

EVEN the rise of electric vehicles and alternative fuels has done little to dampen the confidence of Vladimir Litvinenko, rector of the Saint Petersburg Mining University in Russia.

For the past 245 years, through times of peace, war and revolution, the university has churned out the best and the brightest for the mining and energy sectors. And Litvinenko sees no reason why it cannot continue to do so despite the worldwide trend for a move away from fossil fuels.

The Saint Petersburg Mining University, set up at the order of Catherine the Great back in 1773, is Russia’s oldest and one of the world’s most recognised technical and engineering establishments. Its Mining Museum also boasts one of the world’s largest collections of minerals, meteorites, rocks and paleontological items.

Speaking to visiting executives of PTT Public Co Ltd recently, Litvinenko expressed confidence that the university will continue to play an important role in producing top-grade engineers and technicians in the field of natural resources, especially oil and gas. The university has more than 8,000 Russian and international students and enjoys support from Russian and international oil companies, such as Rosneft, Gazprom, Total, BP and Shell.

“Oil and gas will continue to be the major sources of energy for the next 30-50 years at least. And with new technology, their costs will come down,” said Litvinenko.

While electric cars are being touted as an alternative to petrol-powered engines, Litvinenko believes that the world is still far from the days of when it will turn its back on fossil fuels. That means that with its vast oil reserves, Russia will have a dominant role to play in the world’s energy market for many years to come and the university’s graduates will be much in demand.

“We estimate to have used up about 30 per cent of the oil reserves. That means we still have 70 per cent left underground,” Litvinenko said.

Sony aims high with pricey, premium phones

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Sony aims high with pricey, premium phones

Corporate April 06, 2018 01:00

By JIRAPAN BOONNOON
THE NATION

SONY expects to achieve a market share of 10 per cent for premium smartphones priced from Bt20,000 by the end of this year. The company also announced a new flagship model for the Thai market, the Sony Xperia XZ2.

Satoshi Mekata, general manager for the mobile sales division of Sony Thai, said that the premium smartphone market – with models priced from Bt20,000 – was growing strongly in Thailand, although it has high competition,

The Xperia XZ2 is aimed at users seeking entertainment features, “with cutting-edge technology such as a dynamic vibration system and new designs with craftsmanship to support the lifestyle of customers”, as well as providing hand comfort.

It also has an advanced Motion Eye camera, which the company says will “drive the mobile entertainment to the extreme”, the company said.

It is powered by Android 8.0 Oreo, with a Qualcomm 845 processor and a 5.7-inch HDR full HD display. It is priced at Bt25,990 and will available to the market in April 27.

“The XZ2 is the first premium smartphone that has been manufactured and assembled in Thailand for distribution to the global market. The XZ2 is a premium smartphone that comes with extreme video and photo capabilities,” Mekata said.

“We will focus on the entertainment market and utilise digital marketing and create activities to drive the market. The premium smartphone is a high-potential market and the market is still continuing to grow amid high competition.”

He said that Thailand is important market for the Japanese technology giant and it is the second-largest by value for smartphones in the region, after Indonesia.

The company expects that the premium smartphone market in Thailand – with prices from Bt20,000 in Thailand – will reach around 1.5 million units by the end of this year. The firm expects to reach market share of around 10 per cent for premium models by the end of this year.

It also aims to continue come out new premium smartphones in the market in the near future, Mekata said.

Vertiv plans prefab data centre factory

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Vertiv plans prefab data centre factory

Corporate April 06, 2018 01:00

By JIRAPAN BOONNOON
THE NATION

VERTIV said it is aiming to open a full prefabrication data centre factory in Rayong province next year.

The US-based company, which designs, builds and services critical infrastructure that enables applications for data centres and other communications and industrial facilities, said it expects to generate revenue growth of 30 per cent by the end of this year.

Pichet Ketruam, country manager for Indochina at Vertiv, said the company was awaiting approval from the Broad of Investment (BOI) for its plan to set up the prefabrication data centre factory in the Map Ta Put industrial estate.

The factory would develop advanced modular data centres in terms of a container data centre to support the global market. The company did not disclose the proposed investment budget.

“We have plans to set up the company’s third factory, in Thailand, which we chose among countries in Asia because of the country’s skilled workforce in engineering and Thailand’s location that serves as a regional hub for distribution of products to the market,” said Pichet.

“The firm expects to provide full manufacturing operations next year. The company has two factories, in the US and Croatia.”

He said the firm has a strategy to distribute its products and solutions – including cloud and collocation solutions, container data centres, communication networks, power management, thermal management, critical power management systems and infrastructure management – to support the target markets. These markets are enterprises, telecommunications, the government sector, the industrial sector, financial services, manufacturing and healthcare.

Pichet said the company would distribute its products and solutions through two distributors, Get On Technology and SIS Distribution, as well as three system integrators. The firm expects that it will set up two new SIs to cover the markets for the Northern and Southern regions of Thailand by the end of this year.

Pichet said that under the company’s goal of 30 per cent revenue growth for 2018, from last year, Thailand would continue to serve as regional hub for its businesses in Myanmar, Laos and Cambodia. “Myanmar is an emerging market and it also is a high-potential growth market in the region,” he said.

KBank appoints president and board deputy

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KBank appoints president and board deputy

Corporate April 05, 2018 16:14

By The Nation

Kasikorn Bank’s board of directors has appointed Kobkarn Wattanavrangkul as vice chair of the board, chair of the Independent Directors Committee, Human Resources and Remuneration Committee, and appointed Patchara Samalapa as president.

Kobkarn, 57, graduated in architecture from the Rhode Island School of Design.

Her work experiences includes being minister of tourism and sports, vice chair of the Thai Chamber of Commerce, president of the Thai-Japanese Association, member of KBank board of directors and chair of Toshiba Thailand. She is now a member of the Special Advisory Committee of the Prime Minister.

Patchara, 47, is a graduate of industrial management from the Carnegie Mellon University in Pittsburgh and has an MBA from the Massachusetts Institute of Technology.

He started his career at Deutsche Morgan Grenfell Securities in the UK before working with Phatra Securities PCL and Merrill Lynch & Co in Australia and Thailand.

He was managing director of Kasikorn Asset Management Co Ltd, and began working with Kasikorn Bank in 2012, overseeing the SME (small- and medium-sized enterprises) business division and serving as the acting head of the corporate business division.

He was later appointed to the corporate and retail business division, before being named the 11th KBank president.

Ticon unveils Bangkok data centre plan

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Ticon unveils Bangkok data centre plan

Corporate April 05, 2018 15:49

By The Nation

Ticon, a leading Thai developer and total solutions provider of industrial properties, says it is making progress on its three-year growth roadmap with a strategy to leverage its strengths as a total solutions provider and expand into new businesses to boost its client base.

Riding on digital economy trends, the company has established Ticon Technology and gone into partnership with ST Telemedia Global Data Centres, a leading data centre service provider headquartered in Singapore, to make inroads into data centre services. The joint venture plans to build a data centre in Bangkok.

Panote Sirivadhanabhakdi, chair of the executive committee of Ticon Industrial Connection Pcl, said: “Thailand is in its transition to a fully fledged digital economy, as evident in the rising adoption of digital technologies and systems for greater competitiveness of companies across industries as well as in robust emergence of e-commerce and fintech industries in Thailand.

“The trend is also favoured by government policies, including the Thailand 4.0 economic model, digital economy master plan and high-speed internet infrastructure projects. As a result, the market for IT services has grown in leaps and bounds, especially the data centre market that is expected to double in size over the next three years,” Panote added.

“All these translate into a great opportunity for Ticon to expand into a new business, as well as to demonstrate its capability and reaffirm its status as the leading developer and total solutions provider of industrial properties.

“The board of directors has therefore resolved to set up Ticon Technology and approved its 51-49 joint venture with STT GDC, one of the world’s leading data centre providers for a full foray into this market,” Panote said.

Sopon Racharaksa, president of Ticon, said: “The establishment of Ticon Technology creates value-added on our existing offerings as the leading developer and total solutions provider of industrial properties. With Thailand’s biggest portfolio of factory and warehouse spaces totalling over 2.7 million square metres nationwide, we understand and can accurately meet customers’ demands across industries through our factory and warehouse services. In our expansion into this new business with our partner, STT GDC, we are confident of making fully fledged inroads into the Thai market for data centres.

“By expanding into the data centre business, we are entering a new business where our expertise remains highly relevant,” Sopon continued. “This expansion will broaden Ticon’s digital and technology services to meet the demands of Ticon’s customers. In addition, it marries Ticon’s strengths with STT GDC’s world-class expertise in data centre development to create synergies and growth potential. We have concrete plans to build a new data centre, complete with the state-of-the-art technologies and strategically located in Bangkok, due for completion by 2020.”

Bruno Lopez, STT central executive, said: “Partnering with Ticon, majority owned by Frasers Property and the TCC group, provides us with one of the strongest local networks, deep and intimate understanding of the Thai market, wide access to land banks as well as extensive experience in property development in the commercial and industrial space in the Greater Bangkok area and across Thailand.

“Coupled with our experience in designing, building and operating data centres, this strategic partnership allows us to further broaden our global data centre network and bolster our position as a leading data centre provider across the region together with our other strong, established bases in Asia – India, China and Singapore,” Lopez added.

“We are confident that combining Ticon’s local experience and knowhow with STT GDC’s commitment and global expertise will be an extremely valuable proposition to our customers and partners as they grow in Thailand and across the region.

“We look forward to working with Ticon’s management team and building this iconic data centre that will enable our customers’ growth opportunities in Thailand,” Lopez said.

Coke distributor eyes logistics breakthrough

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http://www.nationmultimedia.com/detail/Corporate/30342539

Coke distributor eyes logistics breakthrough

Corporate April 05, 2018 15:06

By The Nation

Many organisations in Thailand are faced with a digital transformation that fundamentally changes operations, according to a firm that distributes Coca-Cola to the Thai market.

Thai Namthip and Nostra said they were working together to develop innovative technology to meet rapid change, in line with the Thailand 4.0 initiative and wider, disruptive global trends.

Logistics is an industry that requires an essential adjustment, according to Thai Namthip. The key is to manage the routes and reduce the cost, distance and time taken to deliver the goods from the warehouse to the customer with reduced time and resources. The cost incurred from logistics has a tremendous impact on business, Thai Namthip says. With the implementation of technology, the company will significantly improve in terms of the transport efficiency, which results in greater accuracy, operational safety and reliability, it said.

Thai Namthip Co Ltd, manufacturer of beverages under the Coca-Cola brand, has over 50 years of experience in logistics and distribution throughout the country.

Despite being praised as a leading logistics company, Thai Namthip has been looking for tools and solutions to address the profound effect technology has had on business competition. For the past three years, the firm said tools had empowered Thai Namthip’s employees, reduced logistical issues and enabled the firm to satisfy customers.

Phisit Phongphu, deputy logistics managing director at the firm, said the use of technology to manage the logistics and distribution enabled it to set firm targets for organising distribution centres and serve thousands of shops throughout the country.

Thai Namthip said it was also preparing an effective tracking system that would improve the efficiency of the distribution system, including timing, routing, staffing and other factors.

Phisit said: “By improving our tracking and monitoring system, transport and distribution, we did research and found that the ready-to-use systems from global companies might not fit well with Thai Namthip. Some are too large and many are costly. They did not fit the particular needs and quality we expected. Then we realised that the layout of our system must be different from others and we decided to develop a system that truly was compatible with our actual needs.”

PTG Energy readies Bt5 bn for acquisitions outside oil businesses

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http://www.nationmultimedia.com/detail/Corporate/30342480

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PTG Energy readies Bt5 bn for acquisitions outside oil businesses

Corporate April 05, 2018 01:00

By   THE NATION

PTG Energy Plc has set aside Bt5 billion to acquire food and services businesses over the next five years in effort to increase the profit contribution of its non-oil businesses to 60-70 per cent in 2025.

Pitak Ratchakitprakarn, president and chief executive officer of PTG Energy, said that the targeted rise of up 70 per cent for the profit contribution of the non-oil operations contrasts with last year’s 9 per cent share.

“We want to have more of proportion of profit from the non-oil business as we expect this will boost the company’s profit level and it’s better than the low-profit oil businesses. In the future, if any company can be listed, we will do it,” he said.

In regard to acquisitions, the company has sets aside Bt1 billion to Bt1.5 billion for annual investment and will acquire two to three companies per year on expectation for return on investment of about 15 per cent per year, Pitak said.

PTG Energy will focus on targeted companies that can generate cash instantly, he said. This year, the company has been negotiating to make more investments in two enterprises, one of which will be in the third quarter and the other in the fourth quarter of this year.

One of the two being enterprises involves household liquefied petroleum gas, Pitak said, planning to add Max Membership Card to boost its efficiency. PTG Energy targets an increase in the number of Max Membership Cards to 10 million this year and 18 million in 2022. Currently, there are about eight million cards.

Pun Thai Coffee, PTG Energy’s 99.9 per cent-owned subsidiary, acquired a 70 per cent stake in Jitramas Catering for about Bt40 million.

PTG Energy plans to invest Bt360 million to expand food business inside and outside service stations through Jitramas Catering in the next five years. The company expects to increase the number of restaurants to about 30 restaurants within the next year and to no less than 150 by 2022.

Rangsun Puangprang, executive vice president of PTG Energy, said that the acquisitions will focus on targeted enterprises that can generate cash for PTG Energy instantly and in the first one to two years, the company will use borrowings and cash, and mobilise fund through debt instruments to finance acquisitions.

This year, the company expects to generate cash of about Bt3-Bt3.5 billion, he said.

SookSiam: a melting pot of regional products and cultures

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http://www.nationmultimedia.com/detail/Corporate/30342479

SookSiam: a melting pot of regional products and cultures

Corporate April 05, 2018 01:00

By   KWANCHAI RUNGFAPAISARN
THE NATION

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SIAM PIWAT, the developer of ICONSIAM retail complex, yesterday introduced ‘SookSiam’, a Bt700-million retail magnet gathering community products, cultures and wisdoms, from all regions in Thailand to be displayed and traded in one place.

 

SookSiam complies with the Thailand 4.0 policy, aimed at promoting a knowledge-based society and being the stage for local entrepreneurs and villagers from the 77 provinces to gather and share their know-how on product development, local wisdoms and business practices. They will be supported by Thailand’s 50 champion brands, which will provide modern management techniques.

The retail venue will open at the same time as the ICONSIAM retail complex in October this year. Costing Bt54 billion, the construction of ICONSIAM is 85 per cent complete and is expected to draw 22 million visitors a year.

Located on a 10-rai plot with15,000 square metres of space, Sook Siam can cater to 300 to 400 local entrepreneurs at one time. About 3,000 small entrepreneurs and villagers will rotate for the use of space at the retail venue every year.

Chadatip Chutrakul, chief executive officer of Siam Piwat Co Ltd and a director of ICONSIAM, said the company has dedicated almost the entire ground floor of 15,000 square metres at ICONSIAM to ‘SookSiam’, showcasing the best products, services and artistic creations from all Thai provinces at one destination in a dramatic, new ‘co-creation’ format that is immersive, emotional, and entertaining.

“The new retail attraction is a part of ICONSIAM’s commitment to bring all that makes Thailand great to the world. It will help small enterprise owners, artisans, artists, and performers access a globally visible, omni-channel platform on which to present their creations and be integrated into a greater commercial ecosystem. This will help the local heroes become national heroes and global heroes” she said.

With the overall Thai economy increasing by approximately 3.8 per cent annually, the sales of community products are growing significantly – by 15 and 23 per cent respectively over the past two years.

Chadatip said SookSiam is conceived as a place to present the cultural heritage of the four regions of Thailand, capturing their arts, handicrafts, performing arts, and local wisdom. In SookSiam, there are outlets of varying types built in the style of their respective regions, highlighting their individual specialties, whether they be crafts, foods, beverages, or services that are unique to that region.

“We have created SookSiam as a strategy for local SMEs and entrepreneurs from all regions to share their knowledge on product development and business practices and learn from the others ,” said Chadatip, adding that revenue from selling the community products will be shared between the company and those participating entrepreneurs under a profit-sharing model.

SookSiam is being produced and curated by Luckana Naviroj, the mastermind behind the success of the Gourmet Market stores as well as the Food Halls at Siam Paragon and other malls. She is known for her expertise in sourcing authentic products and foodstuffs from around Thailand that are the best of their kind and for her understanding of how to work with small mom-and-pop operations and individual artisans. She has played an important role for more than 30 years in helping farmers and artisans develop their capabilities.

Luckana said the outlets in SookSiam all have their counterpart in small towns in Thailand, and that many of them are enterprises that have been operated by several generations of the same family.

“We travelled the entire country to find these unique shops, artisans, and artists, and invited them to SookSiam. SookSiam will serve as an extraordinary platform onto which people – the “local heroes” from around the country, can place their talents and products, and draw global attention as well as expanding sales opportunities, 365 days a year.

“Thai and foreign visitors to SookSiam will have the opportunity to view and purchase these exciting and special products that have been hidden away in small towns and villages in the country,” she said.

DTAC partner Telenor in for the long haul

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Brekke
Brekke

DTAC partner Telenor in for the long haul

Corporate April 05, 2018 01:00

By SIRIVISH TOOMGUM
THE NATION

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NORWEGIAN telecommunications giant Telenor group has reaffirmed its long-term commitment to Thailand, the group’s president and chief executive officer, Sigve Brekke, said yesterday in Thailand.

Telenor is a foreign strategic partner of Total Access Communication (DTAC).

Telenor’s partnership with DTAC goes back 18 years and it is now the group’s second-biggest revenue contributor.

Brekke said that the global telecom industry was changing significantly and all operators, including Telenor group, were positioning themselves for the future by transforming their organisations to become full digital-service providers.

He said that Telenor group was making itself much leaner, more cost-efficient, and much more digital and dynamic to prepare itself for the future. The group has also deployed advanced technologies, such as data analytics and artificial intelligence, to better serve customers. Brekke met Deputy Prime Minister Somkid Jatusripitak yesterday to discuss how DTAC can support Thailand’s digital transformation process.

Brekke also discussed with Somkid issues concerning plans for a partnership involving the 2.3GHz spectrum.

DTAC is waiting for the Office of the Attorney-General (OAG) to finish examining its partnership contract with the TOT to develop a fourth-generation wireless broadband service on the TOT’s 2.3-gigahertz spectrum.

The TOT granted the partnership deal to DTAC in May 2017. The OAG’s completion of its examination of the contract would pave the way for both partners to enter into the 2.3GHz partnership contract.

Brekke said that Somkid committed to help by looking into the matter as he understood its importance not only to DTAC but also to the TOT.

Regarding the National Broadcasting and Telecommunications Commission’s (NBTC) plan to auction DTAC’s 1800MHz spectrum after the company’s concession under CAT Telecom ends in mid-September, Brekke said that he was a little confused because the NBTC had seemed to change its mind again on the number of the planned available licences in the upcoming auction.

In a recent public hearing on the auction draft rules, DTAC and some other participants recommended that the watchdog divide this 45MHz bandwidth into nine licences each with 5MHz bandwidth. They were responding to the NBTC’s original plans for three licences each with 15MHz bandwidth. The split into nine licences would make it more flexible for the auction, the operators said.

After the hearing, the NBTC office proposed for the board’s consideration that the watchdog auction nine licences each with 5MHz. The board is yet to look into this proposal.

However, NBTC secretary-general Takorn Tantasith this week said he would propose to the board for its consideration on April 11 that the watchdog reinstate the original auction plan.