‘Some positive signs’ for Thailand in ICT sector

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375917

‘Some positive signs’ for Thailand in ICT sector

Sep 08. 2019
By The Nation

752 Viewed

Growth in value-addition of Thailand’s ICT sector as a share of GDP was negative, but Thailand is among the top 10 countries having high value-addition in ICT manufacturing, according to a UN agency report.

The information and telecommunications technology (ICT) sector comprises ICT manufacturing, ICT wholesale trade and ICT services as an essential part of the digital economy.

Global value-addition in the ICT sector has not kept pace with overall GDP growth, the Digital Economy Report 2019 released recently by the United Nations Conference on Trade and Development (UNCTAD) said.

Despite the increase in access to ICTs over time, the share of this sector’s value-addition in world GDP has remained stable over the past decade, averaging around 4.5 per cent, the report said.

In Asia, India had high growth in ICT sector value-addition as a share of GDP between 2010 and 2017, followed by Hong Kong and Taiwan. Thailand’s growth in ICT share of GDP, in contrast, showed a contraction.

Global ICT manufacturing is highly concentrated, according to UNCTAD. Thailand, however, was among the top 10 economies that accounted for as much as 93 per cent of this subsector’s global value-addition.

Thailand was also in the top 10 countries which had high value-addition in ICT manufacturing as a share of GDP in 2017, the report said.

Looking at value-addition growth in the ICT sector by subsector, among developing countries and transition economies UNCTAD found that computer services displayed the highest average annual growth rate between 2010 and 2017, surging by an average rate of 8 per cent. In comparison, manufacturing grew by only 1 per cent, and telecommunications registered no growth. While value-addition in telecommunications rose in 12 countries including Thailand, in computer services it rose in 20 of them including Thailand. And in manufacturing it rose in 14 countries but Thailand experienced negative growth.

Origin spearheads smart city project in Rayong

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30375913

Origin spearheads smart city project in Rayong

Sep 06. 2019
By The Nation

461 Viewed

Listed property firm Origin Property Plc, an end-to-end developer, has teamed up with public and private partners in the creation of “Origin Smart City Rayong”- a mixed-use community project of Smart tech and Smart Eco under the concept of “Beyond A Living Platform”. 

The Bt10-billion project, featuring the highest condominium in Rayong, will become a new lifestyle hub and landmark in inhe province, the company said, adding that it will launch a series of pre-sales from September 28 onward with unit prices starting at Bt1.29 million.

Insee Kerdmanee, Deputy Governor of Rayong Province, said the development of smart cities is part of the  national agenda and a priority of the administration.

The government is keen on adopting smart technology and innovation to enhance the efficiency in city management, distribute prosperity across the nation and to boost the quality of life.

The Eastern Economic Corridor (EEC) – covering Rayong, Chonburi and Chacheongsao is a pilot project and the first phase of the government’s Smart City Plan. It involves several government agencies such as the Digital Economic Promotion Agency (DEPA) and Smart City Thailand Office.

“Under the roadmap, the government will set up 100 smart cities nationwide by 2022. The private sector is allowed to submit their existing projects and projects still under development, in applying for a  Smart City Symbol, to the steering committee. Origin Property has kicked off development of the  smart city project in Rayong, a prototype for the province. This project will turn the government’s policy into reality and  a new landmark in the EEC,” said Insee.

Peerapong Jaroon-ek, Chief Executive Officer of Origin Property Plc (ORI),  said the company was determined in developing the Origin Smart City Rayong as a prototype project. It is located on 24 rais of land at the corner of Nernsamlee intersection, Sukhumvit Road, Rayong.  The province has the potential to become a new central business district , he added.

Co-developers of the project, which will lead to a new liftstyle under the “Beyond A Living Platform” concept,  include the Provincial Electricity Authority (PEA), True Corporation Plc, KasikornBank (KBank), Cotto and Class Cafe.

“PEA will facilitate Smart Eco to ensure efficiency and sustainability in energy management. True Corporation will support Smart Tech by setting up a network infrastructure for 5G while Class Cafe plans a major outlet and a 24-hour co-working space.

To create a new lifestyle hub in Rayong, we will turn this place into a smart city prototype which will meet all living and lifestyle demands as well as fulfilling the potential of the province.

The project will also embrace renewable energy, Peerapong said.

B Grimm takes big stride as regional energy player with opening of Vietnam solar energy project

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375927

B Grimm takes big stride as regional energy player with opening of Vietnam solar energy project

Sep 07. 2019
By Somluck Srimalee
The Nation
Tay Ninh, Vietnam

220 Viewed

The largest solar farm project in Southeast Asia, built by Thailand’s B.Grimm Power Plc, opened on Saturday (September 7).

Two senior members of the Vietnamese Politburo – Vo Van Thurong, head of propaganda and training commission, and Nguyen Van Binh, head of the economic commission — presided over the opening of the 420 megawatt solar photovoltaic (PV) power facilities, known as Dau Tieng 1 and Dau Tieng 2 (DT1 and DT2) in Tay Ninh, southwest of Vietnam.

General Anantaporn Kanjanarat, a former Thai Energy Minister and now senator, B.Grimm Group chairman Harald Link, BGrimm Power CEO Preeyanart Soontornwata and guests of honour from Vietnam and Thailand attended the opening ceremony of the 420MW project.

The opening follows the successful operation of DT1 and DT2 on June 3 and June 13 this year, respectively, when their output began to be delivered to Electricity of Vietnam (EVN), the buyer, on a commercial basis.

Link said the Dau Tieng 1 and Dau Tieng 2 project represented one of B Grimm Power’s big strides to become a leading regional player in the energy sector and a host of investments are afoot.

He said the B Grimm Group has been a pioneer in infrastructure and utilities in Thailand for over 141 years.

B Grimm Power, the group’s flagship subsidiary and one of Thailand’s largest private power producers, has been active for over 20 years in meeting the energy needs of Thai industry, he said.

Vietnam, he noted, possesses high investment potential with GDP growth of 6-7 per cent per year. The country also is seriously supporting renewable energy development.

According to Preeyanart, the sales of power from the Dau Tieng 1 and Dau Tieng 2 scheme, at 9.35 US cent/kWh tariff (approximately Bt3) throughout the 20-year supply contract with EVN, are becoming a sustainable contributor to B Grimm Power’s long-term revenue stream.

Along with the Phu Yen TTP, another solar PV project in Vietnam built by B Grimm Power with 257MW generating capacity went on stream on June 10 this year. A total of 677MW from solar PV projects provided Bt181 million in revenue to the company in June alone, she added.

The combined capacity of B Grimm Power’s solar PV projects in Vietnam resulted in a 40 per cent boost in the company’s total generating capacity from the beginning of the year as well as ramping up renewable energy in its overall portfolio to 30 per cent from 8 per cent.

Meanwhile, B Grimm Power is proceeding with the construction of a 5MW industrial waste-to-energy facility in Thailand with commercial production slated to begin in December this year.

The facility will bring the total number of B Grimm Power plants in commercial operation at the year-end to 46.

They comprise 17 co-generation plants, 24 solar PVs, three hydro-power, plants, one industrial waste-to-energy project and a diesel generation a total capacity of 2,896MW.

The increase in electrical output and sales from these power plants will allow B Grimm Power to raise its 2019 revenue by 15-20 per cent over the previous year as planned. B Grimm Power is pursuing further investment in power plant projects in many countries, including Vietnam, South Korea, Cambodia and the Philippines.

The company is also involved in rooftop solar power programmes both at home and abroad.

This participation and ongoing investment form part of B Grimm Power’s drive for a sustainable and quality growth to have 5,000MW in power purchase accords in place by 2022.

Cash-flow management key to Banpu weathering global volatility

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375904

Cash-flow management key to Banpu weathering global volatility

Sep 06. 2019
By THE NATION

663 Viewed

Banpu Public Company Limited has said it aims to strengthen cash flow through the management of cash flow from operations, investment and financing to secure financial stability and sustain continuous growth as a “potential cushion against global market volatility”.

The company plans to cope with the volatile price of energy products by focusing more on short-term business strategies, such as cost-cutting in coal production to maintain profitability, selecting low-cost production sites and employing more efficient machinery to develop mines.

Banpu’s subsidiaries in Indonesia, Australia and China, as well as Banpu Power Public Company Limited, are displaying “outstanding performance”, it said.

“They have performed efficient financial management, resulting in continuous dividend paybacks. Large-scale power plants such as BLCP and Hongsa and combined heat and power plants in China have strong cash-flow management and financial status, which contribute to satisfactory dividend yields.”

The company is meanwhile seeking long-term financial sources. It has gained strong support from various financial institutions, assuring that it has the potential to generate growth and maintain the appropriate net debt-to-equity ratio, as well as to sustain dividend payments, as in the past.

“The company has generated uninterrupted cash flow due to effective cash-flow management strategies,” said chief executive Somruedee Chaimongkol. “In particular, it enjoys continuous cash flow from operation activities in energy resources group and from investment activities in subsidiaries, which generate regular dividends. This provides us with liquidity in business operations and readiness to invest in businesses with high growth potential.

“The strategies also support growth according to the Greener & Smarter strategy, as well as accommodate the volatility of energy prices in the global market and constant changes in the global economy.

“We are confident that with the efficient cash-flow management, the synergy of three core groups of businesses, and the mutually beneficial business ecosystem, we can achieve sustainable growth and create long-term sustainable returns for investors and all stakeholders.”

Industry joins with medical, patient groups to tackle rare diseases in Thailand

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375898

Industry joins with medical, patient groups to tackle rare diseases in Thailand

Sep 06. 2019
By THE NATION

464 Viewed

Biopharmaceutical company Takeda has signed a memorandum of understanding (MoU) with medical organisations and patient groups with the aim of improving the study, diagnosis and patient care of rare diseases.

Peter Streibl, the general manager of Takeda Thailand Co Ltd, a part of a leading biopharmaceutical company, participated in the joint signing ceremony for an MoU featuring a five-year framework to address rare diseases in Thailand.

The objective is for Thailand’s medical organisations, rare diseases patient foundations, and Takeda Thailand to develop a work plan and support activities that would improve the standard of care for patients with rare diseases in Thailand.

The work under the MoU consists of increasing the scope of studies and research work to better understand rare diseases, improving the skill and efficiency in diagnosis of rare diseases in Thailand, supporting educational programmes for healthcare professionals and patients, working with expert and patient advocacy groups to raise public awareness of rare diseases, supporting the development of a national database of rare diseases, and collaborating with key stakeholders for rare disease policy development.

Signatories came from Thailand’s medical organisations and patient foundations, including Medical Association of Thailand; Medical Genetics and Genomics Association (of Thailand); Medical Genetics Network, Genetics Society of Thailand; The Allergy, Asthma, and Immunology Association of Thailand; Thai Rare Disease Foundation; Genetic LSD Foundation and HAE Thailand.

First three steps for success in leading organisational transformation

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375896

First three steps for success in leading organisational transformation

Sep 06. 2019
Arinya Talerngsri

Arinya Talerngsri
By ARINYA TALERNGSRI
SPECIAL TO THE NATION

448 Viewed

Every day the internet is swamped with news and articles about the speed of digitalisation and how fast businesses are changing.

Digitalisation has impacted each one of us in more ways than one, and we all know that if we don’t learn to sail along the waves of digital disruption, we will sooner or later run out of business.

However, transformation doesn’t come easily. Here are three steps to transformation that I’ve learned from my experience:

1. Ask why you need transformation. Rhiana Matthew, in her article, “Don’t go digital for the sake of it”, asked an interesting question: Have we become so fixated on being one of the first to do something that we have lost sight of what we are trying to achieve?”

Sometimes transformation for your organisation may not look like what you see on the news or read on the internet. This is the reason many organisations start with ambiguity and end up in confusion.

With so much opportunity, resources and access to information, there is always something new happening around the world. Artificial intelligence, virtual reality, driverless cars, and so on – all of these technologies are great and every organisation wants to excel or at least be a part of the revolution.

But the problem is we jump into the digital race too soon before asking some fundamental questions like, “Does my organisation really need this? Do my customers need it? Where exactly will this new technology take my organisation to?”

Without clarity in the passion behind the motivation, most of our enthusiasm for transformational initiatives will be lost after a few knocks from experimental failures. If we aren’t persistent at those testing times, our journey of transformation may not reach the light at the end of the tunnel.

So, clarity with passion and purpose is most important as we start.

2. How to achieve transformation. Once you have answered why you need transformation, the second question is how do you achieve it.

There are so many great ideas and inspiring transformations happening around the world, but if you try to become an exact copy of them, you are most likely to fail. You don’t need to be another Google, Apple or Airbnb to come up with revolutionary ideas. You can always be equally innovative and transformational as any other company – or even better, within your own context and journey.

When you’re learning from leaders and innovative companies around the world, you need to ensure that what you’re planning to achieve is relevant to your people and applicable within your context. This is the tough part, and not possible if your people do not believe in the same values and visions you have. Therefore, start with your people.

Ronan Gray in his article, “Digital transformation is all about people” said, “In the race to implement the latest technology, too many businesses are forgetting the most critical element [of] any successful digital transformation: People”

Find out how you can educate, train and empower them to help you achieve the transformation you’re seeking. When you empathise with your people, you will start to identify what is missing in your organisation, and which areas you need to grow and build.

If you start aligning your transformational milestones with the goals of your people, transformation will be easier and faster than you think.

3. Commitment to transformation. Persistence and consistency are key in the process of transformation, from day one till the final day and even beyond. It requires strong willpower, determination and passion to push against all challenges and carry on despite encounters with failures and disappointments.

You need persistence in standing against all adversities and failures, and consistency to continue doing what is right not just for a few days or weeks, but every day over and over again until you are sure that the transformation has become the new culture of your organisation.

When you try to bring transformation or change of any sort into your organisation, it is most likely to be met with opposition, conflict of ideas and traditions. This opposition is good for testing your ideas and validating the feasibility of your proposal.

It is good to always remember that the strength of your leadership is reflected more in your consistency and persistence against confusion and disappointments than in the promises of your ideas. Transformation is a struggle for every leader. However, it is not as difficult as some of us estimate it to be.

Transformation is more than just another interesting topic of discussion for leaders, it is a reality and can be practically achieved when you starting asking the right questions of yourself and your people.

Arinya Talerngsri is the chief capability officer and managing director at SEAC (formerly APMGroup), Southeast Asia’s lifelong learning centre. She can be reached by email at arinya_t@seasiacenter.com.

Bangkok and Hua Hin shine as “redefined” MICE destinations

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375926

Bangkok and Hua Hin shine as “redefined” MICE destinations

Sep 07. 2019
By THE NATION

147 Viewed

The Thailand Convention and Exhibition Bureau’s (TCEB) annual international media familiarisation trip put the strength of Bangkok and Hua Hin as a dynamic dual destination well in the spotlight as the bureau continues to create new attractions and activities at the community level.

“TCEB is redefining business experiences for MICE travellers in both destinations,” said TCEB’s Senior Vice President – Business Nichapa Yoswee. “The brand-new attraction at Iconsiam, the new venue, True Iconsiam Hall and exclusive Michelin-starred culinary experiences are helping to strengthen international MICE business in Thailand. Innovative attractions and activities in local communities, like coconut palm sugar production in Samut Songkram, and a salt spa in Phetchaburi, both in the vicinity of Hua Hin, as well as herbal products in Hua Hin, present redefined business opportunities and experiences often not previously available.”

This redefined idea of TCEB comes amidst the stronger role of MICE in Thailand’s national development. MICE is now incorporated as a new growth driving engine in the government’s 20-year national development plan and plays a role in government policy to promote more local and community attractions beyond the established destinations.

“The positive development in Thailand’s MICE policy is reflected in TCEB’s record performance in the 2019 financial year. TCEB has won bids for 11 international conferences, attracted 17 new trade shows and 12 mega-sized meeting and incentive groups of more than 100,000 delegates,” Nichapa said.

This year also sees Thailand hosting two global MICE events: the UIA Asia Pacific Round Table 2019 scheduled for September 19-20 in Pattaya and the 86th UFI Global Congress 2019 scheduled for November 6-9 in Bangkok.

In 2020, TCEB will continue to focus on key markets around Southeast Asia, Europe, USA, China and India supported by new development of MICE infrastructure and products. This includes increased function space of new hotels and expanded and upgraded transportation options in Bangkok and nationwide. The development goes hand in hand with TCEB’s “7 MICE Magnificent Themes”, BizConnect Application and the Online Request for Support (RFS) among many other initiatives designed to promote new ideas for MICE and tools to facilitate events located in Thailand.

“Another key direction of TCEB in 2020 is deepening private-public sector partnership and collaboration, such as the Thailand Incentive and Convention Association (TICA), the Thai Exhibition Association (TEA) and the Thai Hotels Association (THA), to find creative MICE solutions and new MICE experiences for clients hosting events in Thailand, which we believe will enhance redefined business experiences of our clients” Nichapa concluded.

Economic ministers back proposed ‘Thailand Plus’ stimuli

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375915

Economic ministers back proposed ‘Thailand Plus’ stimuli

Sep 06. 2019
By THE NATION

484 Viewed

The council of economic ministers on Friday (September 6) endorsed packages proposed by the Board of Investment (BoI) to stimulate economic growth and attract more foreign investment.

Council secretary Kobsak Pootrakool said the “Thailand Plus” packages would seek to encourage foreign investors seeking to relocate production bases to Thailand amid international trade wars.

Kobsak noted that foreign direct investment in Thailand dropped from US$15 billion in 2013 to $1.04 billion last year.

The BoI proposes to halve corporate income tax for five years on projects undertaken anywhere in Thailand that bring in at least Bt1 billion in 2021, with applications required by next year.

The prime minister would establish and chair an investment steering panel to help investors overcome any obstacles as a one-stop service.

The BoI would be authorised to approve foreign investments on projects where no tax credit is sought, regardless of the business’ size, a move aimed at quickly meeting the needs of companies wishing to relocate to Thailand.

Fiscal measures would be in place allowing foreign companies tax deductions for training personnel in advanced technology this year and next.

To promote the ease of doing business, the Commerce Ministry would revise legislation deemed obstructive to investment from targeted businesses. The BoI and other state agencies would speed data integration for added convenience in the investment process.

And rules governing visas and work permits for foreign skilled workforces would be revised.

The council also asked the Commerce Ministry to determine before year’s end whether Thailand should join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Finance Ministry would meanwhile introduce additional measures allowing companies that invest in automated systems to deduct more expenses this year and next.

Prayut calls on Asean members to strengthen their economies

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375908

Prayut calls on Asean members to strengthen their economies

Sep 06. 2019
Prime Minister General Prayut Chan-o-cha

Prime Minister General Prayut Chan-o-cha
By THE NATION

509 Viewed

Prime Minister General Prayut Chan-o-cha on Friday (September 6) called on all Asean members to join forces to move their economies forward so they can overcome ongoing trade wars.

He made this remark in an opening speech at the 51st Asean Economic Ministers Meeting, which runs from September 5 to 10 in Bangkok.

Prayut also said he expects the negotiations on the Regional Comprehensive Economic Partnership (RCEP) to be completed this year and signed next year.

RCEP is a proposed free trade agreement between the 10 Asean member states and its six free-trade partners, namely China, Japan, India, South Korea, Australia and New Zealand.

He added that Thailand, which is chairing Asean this year, is ready to work with other members of the grouping to strengthen the Asean community so it can deal with the fast-changing world of technology as well as meet challenges presented by global trade and a rising awareness of ecological conservation.

Axiata, Telenor call off merger due to complexities involved

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375907

Axiata, Telenor call off merger due to complexities involved

Sep 06. 2019
By The Star

705 Viewed

KUALA LUMPUR: The merger of Asian operations between Axiata Group Bhd and Norway’s Telenor SA has been called off, confirming an earlier StarBiz report that the deal was hitting a brick wall.

Axiata and Telenor’s Digi.com said in separate filings with the stock exchange that both parties have mutually agreed to end discussions over a non-cash combination of their telecom and infrastructure assets in Asia. 

“Over the last four months, both Parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019. 

“Due to some complexities involved in the proposed transaction, the Parties have mutually agreed to end the discussions,” said Axiata. 

However, both parties acknowledged the “strong strategic rationale” of the proposed transaction and do not rule out a possible future transaction. 

It also said the parties do not intend to provide further comments. 

Trading in the shares of Axiata and Digi was suspended at midday. 

In the statement to Bursa Malaysia, Axiata’s chairman Tan Sri Ghazzali Sheikh Abdul Khalid said, “The board acknowledges the strong strategic rationale of the proposed transaction and is equally cognizant of the level of complexity of such a deal that extends across nine countries and 14 major entities.” 

“Regardless of the expressed synergies of the merger, we are confident that the termination of the proposed transaction does not affect the group in achieving its Digital Champion ambitions.” 

“On behalf of the Board of Axiata, we are grateful for the support of the Government of Malaysia, our investors and all of our employees during this process.” 

In a separate statement, Digi’s said its board was informed by Telenor ASA (Telenor), the parent company of Digi’s largest shareholder, Telenor Asia Pte Ltd, that Telenor and Axiata have agreed to end discussions on the Proposed Transaction. 

“The board has been informed that over the last four months, both parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019. 

“Due to some complexities involved in the proposed transaction, the parties have mutually agreed to end the discussions. Both parties still acknowledge the strong strategic rationale of the proposed transaction,” it said. 

StarBiz had earlier reported all indications point to the mega-merger being called off. 

Apart from the sheer complexity of the deal, which involves 14 entities across nine countries, the stumbling blocks surround commercial issues, national and staff interests, and Indonesia’s reluctance to give its blessings, as it sees Norway as being part of the European Union’s (EU) pressure on palm oil imports. Without Indonesia as part of the enlarged group, the odds of the deal materialising are basically zero. 

“Both parties are trying their level best, as the merger would take them beyond their existing boundaries to create an Asian powerhouse. But the sheer complexity and the very long list of outstanding items surrounding commercial, national and staff interest make it terribly challenging. 

“Some items on the list can be modified, some others are not agreeable to both parties, and the deal-breaker items are still hanging. So, with so many items still outstanding, they may just not want to drag on any longer and merger talks may have been halted. They may just call it off,” said an industry executive with knowledge of the deal.  

https://www.thestar.com.my/business/business-news/2019/09/06/axiata-digi-halt-trading-proposed-merger-deal-off