Bangkok, May 19, 2022 – Bitkub Capital Group Holdings, blockchain technology development and cryptocurrency exchange in Thailand cooperate with Tao Kae Noi, the famous crispy seaweed snack producer and agree to sign a memorandum of understanding (MOU) to announce the campaign “NFT : THE PHENOMENON” to airdrop 600,000 NFTs on Tao Kae Noi physical snack packaging.
The customers can experience the new digital lifestyle by collecting non-fungible token (NFT) for both Tao Kae Noi and Bitkub collection. In addition, not only both Tao Kae Noi and Bitkub collection will be distributed throughout this campaign, the customers will also have a chance to collect the NFT collection “Yin War”, the famous Thai’s actors as the special collection and join the campaign in the future. Indeed, the users will have a chance to do the business pitching with Topp Jirayut Srupsrisopa, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd., together with Tob Itthipat Peeradechapan, CEO of Tao Kae Noi Food & Marketing Public Co., Ltd.
The purpose of this cooperation is to push forward Thai’s startup and inspire new generation entrepreneurs by utilizing the efficiency of non-fungible token (NFT) and blockchain to adapt on physical snack packaging, which the users can scan QR code and receive NFT as the special collection by using Bitkub NEXT (digital asset wallet). The initial NFT airdrop will be started distributing in MOU signing press conference.
Due to this cooperation, there are 3 NFT collection which are “Journey of Tao Kae Noi”, “Journey of Bitkub” and “Idol Yin War 9 Collections” as special collections in which the users can collect and join the special campaign in the future.
Topp Jirayut Srupsrisopa, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd. said “At this cooperation, it is not only just to create marketing campaign but it will also open the new experience for both Bitkub and Tao Kae Noi fans to be entertained and satisfied every time they tear off Tao Kae Noi snack package.”
Tob Itthipat Peeradechapan, CEO of Tao Kae Noi Food & Marketing Public Co., Ltd. said “We emphasize on approaching customers in every generation and trend. We want our customers to engage with the new technology, which we try to find something new for them to engage in the campaign. By combining both NFTs and physical snack package together, it is the new dimension of experience which our customers would be satisfied with our new activity.”
The Viriyah Insurance announced its 2022 roadmap with the concept of “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”. Maintaining its prestigious status as the number one non-life insurer, the company continually introduces state-of-the-art products and service with top-notch protection service in mind.
As for this year’s motor insurance strategy, new products will be launched to meet the individual needs of customers in each region with various conditions and premiums. The company opts for personalized marketing when it comes to health insurance, offering products which respond to every unique demand. The past year’s objective was achieved with a gross earned premium of 38.8 billion Baht which contributed to a 1.56% growth. The company’s financial position remains strong with 77.5 billion Baht in total assets and a liquid asset ratio of 600.51%. A capital fund of approximately 41.4 billion Baht not only covered all COVID-19 claims that must be paid but also every one of the COVID-19 insurance policy issued by the company.
Mr. Amorn Thongthew, Director and Deputy Managing Director of The Viriyah Insurance Public Company Limited, admitted that, in 2021, most of non-life insurance companies had to face a critical issue of the Coronavirus crisis that continued into its second year. The Viriyah Insurance, with many years of competent management and continuous development of technology, managed to overcome this dilemma with strength and stability. As can be seen from the trust of the insured, The Viriyah Insurance continues to be the leader with the largest market share in the non-life insurance business for the 30th consecutive year. In 2021, the company gained a gross earned premium of 38.8 billion Baht, a growth rate of 1.56%, including the motor insurance premium of 33.4 billion Baht and non-motor insurance premium of 5.4 billion Baht, as well as a net profit of approximately 500 million Baht.
At the end of 2021, the company had total assets of 77.5 billion Baht and a liquid asset ratio of 600.51%, with a capital fund of approximately 41.4 billion Baht, while the capital adequacy ratio was 170% higher than the standard set by the OIC.
Mr. Amorn further revealed that the pandemic situation was likely to be more severe, that was why The Viriyah Insurance constantly evaluated and controlled both potential risks and even the worst possible ones. As a result, the company had enough liquid assets and capital to pay all COVID-19 insurance claims. This was all thanks to the company’s business philosophy: “Fairness is Our Policy”.
Regarding the 2022 action plan, The Viriyah Insurance will implement the strategy of “Data-Driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks.”, a concept developed by the company’s management team. The team recognized how people’s lifestyle had dramatically changed during these past two years of the coronavirus outbreak. Thailand’s economy had also suffered dramatic falls of purchasing power. Hence, The Viriyah Insurance places emphasis on developing products that will respond promptly to the needs of the customers by taking the Data-Driven Innovation approach.
Founded more than 75 years ago, The Viriyah Insurance is a largest insurance company, ranked as the market leader. The company can make the most of a large database of nearly 8 million customers providing relevant information used to find appropriate coverage and reasonable premiums for various insured groups. The company is ready to provide protection, together with fairness, throughout the term of the policy under any circumstances. Our products provide protection for the health of the people and their property as well as deal with liability. There are more than 60 products the consumers can utilize for risk management. For this reason, the customers will feel that we are always standing by their side, concluded Mr. Amorn.
Mr. Sayom Rohitasathira, Deputy Managing Director, revealed the past year’s success of the claim¬¬ service as The Viriyah Insurance had set up several claims operation centers in shopping malls, gas stations, commercial buildings within the community, and high traffic areas prone to frequent our clients’ car accidents. The company also made use of innovative technology in its VDO CALL system (Vclaim on Vcall) facilitating online claims with only a single call from a customer.
The most important aspect of the claims service that helps enhance the company reputation are insurance surveyors, also known as claims service representatives. No matter how advanced the technology is, service-minded personnel is the heart and soul of the business. At the scene of a road accident, it is crucial the insured has confidence in the surveyors. We, at The Viriyah Insurance, attach particular importance to the recruiting and training processes of insurance surveyors. We are meticulous in every step: setting qualification, conducting a test, performing selection process, implementing training courses on traffic laws, coverage according to policy conditions, and related laws. There are additional courses developed from long-term experiences of senior claim service staff.
Furthermore, Mr. Sayom revealed the company’s readiness to support electric vehicles (EV) by stating that The Viriyah Insurance is currently offering EV insurance. We have been preparing to support electric vehicle insurance for 4 years ever since EVs were only plug-in hybrid vehicles. We are to collaborate with leading manufacturers and distributors so that EV users’ every need will be met.
By organizing insurance premium structure as well as repair and spare part service, we hope the electric car users will feel more confident behind the wheels and take part in creating a cleaner environment with electric power.
As for the sales channel development guidelines of The Viriyah Insurance, Mr. Dondech Satchawirakun, Deputy Managing Director, clarified that insurance agents and brokers, with a total number of nearly 10,000, are the company’s powerful sales channel seeing that over 50% of all premiums received are derived from these dedicated and hardworking personnel. Accordingly, the company pays attention to promotion and personal development to regularly raise professional standards. We enthusiastically encourage them to adapt to the information age and the digital society so they can make the most out of technology, especially the use of social media to support sales and PR and to provide insurance knowledge to our customers and the public.
In terms of both online and offline sales channels, the company offers a full range of services to meet the needs of customers with different lifestyles. Those living in big cities can easily spot our service point in a department store. As for those preferring the online world, also known as digital natives, they can find us on http://www.viriyah.com and other online platforms.
Mr. Dondech added that, in 2022, the company will give the opportunity to people who are interested in becoming first-rate insurance agent with the aim of expanding insurance services nationwide. We also aim to boost business collaboration between companies in all areas. Henceforth, customers can find our agents and brokers in every province, every district, and even every sub-district across the country.
Concerning the non-motor insurance roadmap, Mrs. Thavikan Techataveesup, Assistant Managing Director, revealed that the last year’s performance of non-motor increased to 12.17%, regardless of a severe COVID-19 crisis, with a total written premium of 5.415 billion Baht. The company also achieved its goal by being able to expand its non-motor insurance growth rate to 13.98%.
Mrs. Thavikan added that during the last year the health insurance premiums of 851 million Baht have grown by 102%, bringing the market share to 5.7% compared to the previous year which was only 3.3%. We would like to express our gratitude to all customers for trusting our company, allowing us to soar to the fifth place within the health insurance business of Thai non-life insurance.
To achieve the principal goal for non-motor insurance in 2022, Mrs. Thavikan said the company will increase the ratio of non-motor insurance by putting a spotlight on product and service development. New innovations are implemented to help manage individual risks and assets. The company seeks to extend its protection to the vehicle health besides overseeing health insurance products and customer service.
We launched a new product at the beginning of this year: “Extended Warranty Insurance for Auto Parts” or simply “Extended Warranty”. The concept is that if a motor insurance covers accidents, it should protect the health of a car as well. This plan is designed to provide continuous protection as soon as the manufacturer’s warranty period has expired. It provides protection for up to 14 main parts and parts groups.
As for service development, the company strives to develop the Core System to support continuous growth of health and accident insurance. We focus on developing a CRM system and using Data-Driven Innovation to help us better meet the needs of individual customers. This includes launching ‘Get Healthy’ campaign to promote preventive health care, focusing on encouraging consumption behavior adjustment under close supervision of nutritionists and medical personnel. This activity is part of the Health Advisory program that aims to improve the quality of life of our customers before, during, and after treatment.
Mrs. Thavikan concluded that these are part of the company’s upcoming events. With a holistic approach in mind, The Viriyah Insurance intends to take great care of every customer’s health. We sincerely hope that these developments not only satisfy the customers’ needs but also motivate them to adopt a worry-free living filled with peace and happiness.
Thai AirAsia X, a Bangkok-based long-haul budget airline, has filed for bankruptcy with the Central Bankruptcy Court. Hearing will commence in August, it was disclosed on Thursday.
The company filed its case with the court on Tuesday and the court resolved to accept the plea the following day.
The court has scheduled hearings on August 22. The carrier’s creditors can submit their opposition to the plea at least three days before the hearings begin.
Thai AirAsia X is a joint venture of Malaysia carrier AirAsia X and Thai AirAsia airline.
Thai AirAsia X shareholder Tassapon Bijleveld, who is executive chairman of Thai AirAsia, said on Thursday that entering the business rehabilitation process is an option for the financially troubled airline to undergo financial restructuring.
“Now is the most suitable time. The airline has had to suspend its flights for two and a half years,” he said, adding that it plans to resume flights on June 1 to Seoul and Tokyo.
The carrier stopped all flights from March 16, 2020, after the Covid-19 pandemic struck.
Thai AirAsia X is the third Thai airline to seek rehabilitation through the Central Bankruptcy Court, after Thai Airways International and Nok Air.
The digital economy is growing quickly in many aspects and will be a key to driving the economy after the Covid-19 era, Huawei’s top executive said.
Speaking at the “Thailand Digital Fast Forward” seminar, Huawei (Thailand)’s chief executive officer Abel Deng said on Wednesday that the digital economy will increase flexibility and facilitate faster economic recovery.
According to International Data Corporation in 2020, the worldwide economy was slowing down and the gross domestic product dropped by 2.8 per cent but IT expenditure rose by 5 per cent, reflecting the significance of the digital.
IDC has forecast that some 50 per cent of businesses around the world will be driven by digital this year. In 2023, the cloud computing workload will grow to 72 per cent while 5G applications unlock an additional US$13.2 trillion by 2035. By 2025, the digital economy will also create 60 to 65 million new jobs.
However, connectivity and computing will be the bedrock of the digital economy, with the power of technologies including 5G, Internet of Things, IPv6, AI, cloud, etc. They will strengthen the management including driving the overall digital economy, the Huawei CEO said.
He said digital technology adaptation should not be overlooked, as it was used completely to connect many sectors and it will increase digital competitiveness.
Deng said Thailand is the 5G leader in the region and among the top in the world, as reflected by the usage in the industrial sector. Thailand also has the most 5G users in the region with almost 5 million users.
He said Thailand is also the leader in fibre-to-the-premises (FTTP) access with 58.96 per cent while the worldwide accessibility percentage is 56 per cent.
Moreover, cloud optimisation increased from 59 to 78 per cent. Many industries are also adopting AI technology, especially for digital transformation.
He explained that the most valuable resource is no longer oil, but data. The trend is growing significantly because digital platforms, digital services, and new technologies will change daily lives and businesses, especially metaverse.
However, the important thing is managing and using it to create the most benefits possible.
He said Thailand is moving forward well as government agencies are giving importance to managing information, privacy, and cybersecurity.
Deng said that the worldwide recent trend is developing technology while conserving the environment, leading to green technology.
To reach that point, digital technology must be used to create carbon neutrality. By using only 2 per cent of ICT technology, it will reduce up to 20 per cent of CO2 emissions.
It is an important subject for every sector to join hands, to move to a smart and low carbon world in the future, he said.
Mr. Auttapol Rerkpiboon, President and Chief Executive Officer of PTT Public Company Limited (PTT) has presided over the signing ceremony of the Sale and Purchase Contract of Oman crude between PTTT and PTTEP Oman E&P Corporation (POC) and PTTEP MENA Limited.
The contract has been signed by Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT, and Mr. Montri Rawanchaikul, Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP). Mr. Kris Imsang, Chief Operating Officer, Downstream Petroleum Business Group, PTT, also witnessed the signing ceremony.
Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT said Oman crude oil is widely recognized as one of the most important crude benchmark in the world. With the accomplishment of Joint Collaboration Agreement with PTTEP, PTT International Trading Business Unit is proud to entering into the Crude Sales Agreement with PTTEP Oman E&P Corporation and PTTEP MENA Limited for the approximate 9 million barrels per year of Oman crude oil. Besides, the collaboration is another milestone of successful synergy among PTT Group between upstream and downstream. Furthermore, such collaboration guarantees energy security of Thailand as well as enhances the efficiency in managing supply/demand base and strengthens competitiveness of the Group in international territories.
Mr. Montri Rawanchaikul, Chief Executive Officer, PTTEP said PTTEP has the investments in 3 producing projects in Oman – the Oman Block 61 Project, the PDO (Block 6) Project and the Mukhaizna (Block 53) Project – which are recognized as ones of the largest petroleum assets in Oman. Through the investment in these 3 projects, PTTEP has established a strong foothold, creates the company’s long-term growth in the Middle East as well as generates revenues for Thailand.
PTTEP has participating interests through its subsidiaries in the Oman Block 61 Project, the PDO (Block 6) Project and the Mukhaizna (Block 53) Project at 20%, 2% and 1%, respectively. By combining equity portion of the 3 projects, PTTEP holds approximately 24,000 barrels per day of Oman crude oil.
On May 18, 2022, the Thai Red Cross Society, led by Secretary-General of the Thai Red Cross Tej Bunnag, together with Visist Dhitavat, M.D., Director of the Thai Red Cross Organ Donation Centre, and Assistant Professor Lalida Pariyakanok, M.D., Director of the Thai Red Cross Eye Bank, receive 3,937,554 baht of donation from the Charoen Pokphand Group (CP) and True Corporation, presented by Mrs. Rungfa Kiatipoj, Executive for Special Projects, Charoen Pokphand Group Co., Ltd. & Executive Assistant to Chairman of the Execuitve Committee, True Corporation.
The donation is raised through “Let Them See Love 2021” campaign that encourages True Move H customers to donate via SMS and TrueYou customers to redeem True Points to support expenses for organs and eyes donation processes at the Thai Red Cross Society.
Charoen Pokphand Group and True Corporation, in collaboration with the Eye Center and the Thai Red Cross Society Organ Donation Center, have been operating the “Let Them See Love” project for 16 consecutive years. The project generates awareness and emphasizes the importance of the organs and eyes for Thai people. The primary objective is to extend the lives of recipients who are waiting for donations. This year alone there are currently 23,015 potential recipients on the waiting list. We have implemented a digital system – This years “Transfer Organs” edition is presented with the goal of creating an easy to understand concept, as everything is transferable. Just like organ-eye donation, everyone can easily express their intention to donate once we no longer use the organs in order to help other people’s lives.
In this regard, people who wish to participate in helping degenerative organ patients can also donate to fund the expenses of the organ and eye donation process continuously throughout the year. Donation can be made through the bank account “Eye Center, Thai Red Cross Society”, account number 045-231390-2, Siam Commercial Bank, Thai Red Cross Society branch and “Thai Red Cross Society Organ Donation Center”, account number 023-1-25888-7, Krung Thai Bank, Surawong Branch.
For True customers, donate via SMS, TrueMove H, type 10 to donate 10 baht* or type 100 to donate 100 baht* (*excluding VAT) without deduction and send to 91255 or make the donation through TRUE Money Wallet Application.
Syn Mun Kong Insurance (SMK) has filed for protection with the Central Bankruptcy Court after it failed to pay a whopping THB164 billion to 1.95 million people who purchased its Covid insurance.
SMK managing director Reungdej Dusdeesurapoj informed the Stock Exchange of Thailand that the company filed for bankruptcy protection on Tuesday in accordance with the decision of its board of directors.
Reungdej said the SMK board had earlier agreed to have the company submit the bankruptcy filing and the board’s decision was sent to the Insurance Commission for approval on May 10.
Reungdej said the commission approved the decision and SMK was required to file for bankruptcy within five days of being notified, so the company submitted the filing to the Central Bankruptcy Court on Tuesday.
In the filing, the company promised to restructure its massive debt by seeking more investment funds.
SMK would also seek permission to restructure its debt by extending the payout datelines and would negotiate with some creditors to turn the debts into shares.
The lawsuit states that its restructuring plan is aimed at allowing it to repay debts to Covid insurance purchasers and to pay buyers of its vehicle, fire, and marine insurance as well as petty insurance.
SMK reportedly sold 1.95 million Covid-19 insurance policies and ended up with a massive liability of some THB164 billion.
On July 16 last year, at the height of the pandemic, the company announced it would cancel all its Covid-19 insurance policies and would return the money to buyers.
However, the Insurance Commission put a brake on the cancellation, saying SMK had to honour the policies it had sold.
At the beginning of this year, a large number of Covid insurance buyers swarmed SMK’s head office to register claims, prompting the authorities to step in to help organise registrations.
SMK promised to pay the money in installments.
Some 61,000 buyers of SMK’s Covid insurance policies have joined a Facebook group to help one another monitor and seek their insured sum from the company.
Thai Airways International (THAI) suffered a net loss of THB3.243 billion on revenue of THB11.181 billion in the first quarter of this year. The revenue, which excluded one-time transactions, marked a 155 per cent year-on-year increase.
In its financial performance report, THAI said operational revenue had increased by THB6.797 billion compared to the same period last year.
However, it incurred expenditure, which excluded one-time transactions, of THB14.348 billion, up THB2.967 billion year on year, inflicting a loss of THB3.167 billion.
THAI noted in the report that its loss, which excluded one-time transactions, dropped by 54.7 per cent, or by THB3.83 billion, year on year.
THAI said its net loss for the first quarter was THB3.243 billion, down THB8.962 billion year on year. The net loss translated into a loss per share of THB1.49, compared to THB5.59 in the first quarter of last year.
As of March 31, THAI and its subsidiaries had total assets valued at THB162.423 billion, an increase of THB1.204 billion from December 31, 2021, while total liabilities stood at THB236.909 billion, an increase of THB4.439 billion.
THAI reported that the demand for passenger seats had continually increased in the first five months of this year because the government had gradually eased Covid travel restrictions.
The report said THAI and Thai Smile had 10,238 passengers and 10,870 passengers for domestic and international flights respectively for the first 10 days of May, compared to 4,929 passengers and 269 passengers, respectively, in October last year. The figures showed a significant increase in the number of passengers after the government relaxed travel restrictions, the report added.
THAI said goods transportation by its planes has returned to 50 per cent of the pre-Covid level in 2019.
THAI said it has increased frequency of THAI and Thai Smile flights from the second quarter of this year to respond to the increased demand following the easing of travel restrictions and the improvement in the Covid situation.
It said its flights to the following destinations have increased:
— Chennai (India) from 5 to 7 flights per week from April 1
— Bengaluru (India) from 5 to 7 flights per week from April 1
— New Delhi from 7 to 14 flights per week from April 1
— Mumbai from 5 to 7 flights per week from April 1
— Lahore (Pakistan) from 3 to 4 flights per week from May 1
— Karachi from 2 to 3 flights per week from May 1
— Islamabad from 2 to 3 flights per week from May 1
— Hanoi from 7 to 14 flights per week from May 1
— Ho Chi Minh from 7 to 14 flights per week form May 1
— Phnom Penh from 7 to 14 flights per week from May 1
— Melbourne from 4 to 7 flights per week from May 1
— London from 11 to 14 flights per week from May 29
— Jakarta from 3 to 7 flights per week from June 1
— Dhaka from 7 to 10 flights per week from June 1
— Frankfurt from 10 to 14 flights per week from June 25
— Taipei from 4 to 7 flights per week from June 25
— Singapore from 10 to 14 flights per week from July 1
— Copenhagen from 5 to 7 flights per week from July 1
— Munich from 5 to 7 flights per week from July 1
— Zurich from 5 to 7 flights per week from July 1
The company also has increased flights to or opened the following new routes:
— Penang 4 flights per week from May 1
— Vientiane 3 flights per week from May 1
— Bali 4 flights per week from May 1, and flights will increase to 7 per week from June 18
— Hyderabad one daily flight from May 13
— Yangon one daily flight from June 1
—Tokyo (Haneda International Airport) one daily flight from July 1
— Kaohsiung (Taiwan) one daily flight from July 1
— Brussels three flights per week from July 2 to August 30
The report added Thai Smile will also fly 14 flights per week from Don Mueang Airport to Phuket International Airport starting May 20.
THAI entered a court-supervised rehabilitation after reporting its worst-ever net loss of THB141 billion, hammered by the pandemic that began in 2020. The company reported a net profit of THB55.1 billion in 2021, following restructuring efforts that included improving management efficiency and selling off assets.
Wind Energy Holding (WEH) is preparing to pay 2.7 billion baht in dividends to its shareholders after the Bangkok South Civil Court dismissed an injunction requested by KPN Group co-founder Kasem Narongdej.
Kasem requested the injunction in August 2020 to prevent WEH from paying dividends on 64 million of the total 108 million WEH shares, claiming that the shares belonged to him.
On May 11, the Bangkok South Civil Court dismissed Kasem’s request, ruling that he did not own the shares.
As a result, WEH will pay 2.7 billion baht in dividends to shareholders, including Golden Music and WEH chairman Pradej Kitti-Itsaranon.
“The company is allocating cash and expects to pay the dividends this week,” a source from WEH said.
WEH has made six dividend payments in the past two years, worth 41.9 baht per share.
Operations of the firm were halted in 2014 when its co-founder Nopporn Suppipat fled to France after being threatened with criminal prosecution for allegedly intimidating a former business partner to reduce his debts.
Former WEH chairman Nop Narongdej, who is also Kasem’s son, completed eight wind power projects with electricity production capacity of 717 megawatts in 2019.
However, he was voted out of his position by the current board of executives.
WEH is the largest wind power generation company in Southeast Asia, generating more than 10 billion baht revenue per year.
(Bangkok, May 11) The Huawei Global Rail Summit 2022 brought together industry leaders, major stakeholders, key customers, and authoritative organizations to discuss the future of the rail industry in the Asia Pacific region. The Summit looks to invigorate the digital transformation of rail enterprises in the region and globally. Huawei uses the latest ICTs to help cities in Southeast Asia upgrade their infrastructure, creating new momentum for urban development and a digital APAC.
Asatellite event to the long-standing Asia Pacific Rail 2022, the Summit was themed Driving Digitalization in Future Rail to Create New Value Together. Asia Pacific Rail is a long-standing event in the region, which has brought together over 25,000 industry leaders over the past 23 years. Huawei also hosted a booth at the event, showcasing some of the company’s cutting-edge portfolio of rail industry solutions.
“As a leading global ICT solution provider, Huawei proposes smart railway and urban rail solutions with a full-service architecture based on diversified connectivity and unified digital platform, enabling rail digitalization and business intelligence.” said Aaron Wang, Huawei’s Senior Vice President for the Asia Pacific Enterprise Business Group.
“We are seeing a rapid increase in the digitalization of rail transport. Both railways and urban rails are shifting away from station-specific systems to using rail cloud infrastructure to interconnect services. There is also a push toward smarter, more integrated systems. We foresee these being rolled out on a large scale in the near future, which is why Huawei is already designing and launching intelligent, comprehensive solutions for the industry,” said Xiang Xi, Vice President of the Huawei Global Transportation Business Unit.
The Huawei Global Rail Summit 2022 followed a packed agenda on innovation, digitalization, and future-proof rail transport.
Li Zhonghao, Director of the China Association of Metros, shared China’s experience in the digital transformation of metro systems. The State Railway of Thailand and CRSC International looked at strategies to reshape connectivity, deploy innovative ICTs, and build robust communication infrastructure for railways.
The Huawei Global Rail Summit also saw the launch of the Future Railway Mobile Communications System (FRMCS) White Paper. Fresh off the press, the paper discusses the latest trends and innovative practices in mobile communications systems for railways and metro systems. Aimed at decision-makers and industry leaders, it sums up some of the most prominent technologies in the field today as well as sharing best practices on deploying top-of-the-line communications solutions.
In addition, Huawei also shared several best practices and showcased its solutions at a booth at the Asia Pacific Rail 2022. One of the highlights was the Urban Rail Wi-Fi 6 Vehicle-to-Ground Communication Network Solution. The solution enables near-real-time data transmission for rail transport. This vehicle-to-ground communication network is a whole new way for trains to share data, ensure safety, and promote efficiency. Trains can communicate with stations and command centers even when traveling at high-speeds, nearly eliminating information transmission delays.
The Summit demonstrated the industry’s consensus on the need to go digital, and to do so quickly. Huawei looks forward to continued cooperation with industry customers and ecosystem partners. Huawei delivers innovative digital infrastructure to help the rail transport industries in the Asia Pacific region and around the world go digital. The company’s low-carbon, smart rail solutions offer improved safety, efficiency, and experience, boosting urban development and creating new value for the industry to create digital city together.
THAI said it has increased frequency of THAI and Thai Smile flights from the second quarter of this year to respond to the increased demand following the easing of travel restrictions and the improvement in the Covid situation.
SootinClaimon.Com 