Three new service innovations from AP Thailand

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http://www.nationmultimedia.com/detail/Real_Estate/30370838

Three new service innovations from AP Thailand

Real Estate June 10, 2019 18:34

By The Nation

Listed property developer AP Thailand on Monday introduced three new service innovations.

The new offerings are Katsan, an intelligent personal guardian 24/7, Homewiser, a personal home adviser with a preventive maintenance concept, and YourNextU, a learning innovation that follows what AP calls the “Learning Buffet Model”.

The company aims to create a new standard for society through products of its investment in independent businesses that are managed by teams of professionals under Claymore and SEAC.

These innovations were created and developed using “Stanford Design Thinking” to meet a number of unmet needs, AP chief for corporate strategy and creation Vittakarn Chandavimol said.

They will be used in pilot efforts to lift up the life quality of AP customers, and the company is open for the general public to benefit from the innovations, he added.

Sathorn offers diverse options for active lifestyles

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http://www.nationmultimedia.com/detail/Real_Estate/30370777

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Sathorn offers diverse options for active lifestyles

Real Estate June 10, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

2,208 Viewed

SATHORN STANDS out in Bangkok for having successfully undergone a major realignment, shifting from a commercial zone to a lifestyle-oriented neighbourhood boasting a wide range of choices – in residences, dining options and entertainment lures – to engage travellers and locals alike, a Nation survey has found.

Throw in the BTS and MRT rail lines passing through the area, and its many art galleries, parks, museums and lifestyle centres, and Sathorn presents a winning recipe for those able to pay for it.

Take for example the Bangkok CityCity Gallery located at the heart of the district, a contemporary art gallery featuring works by local artists and performers. Minutes away is MR Kukrit’s House. Once the abode of a former Thai prime minister, it is now a heritage museum showcasing the nation’s rich culture and history.

The location also has the promise of a quiet and relaxing spot to picnic or take a stroll. Though Bangkok’s largest city park, Lumpini Park remains a tranquil place to meditate and relax. Recreationalists can enjoy rowing, cycling, paddle boating – and an outdoor gym.

For those seeking an active lifestyle, Sathorn is a clearly a prime location to invest in property.

Meanwhile, Bangkok’s highest building, MahaNakhon, is located in the zone and serves as landmark and tourist destination. It is owned by King Power Group.

“I saw ever-more change in the Sathorn area as it evolved from a traditional and community area into a commercial and luxury residential area,” resident Wipa, age 48, told The Nation in an interview.

According to a survey by Plus Property Co Ltd, Sathorn has emerged as a residential destination due to the location’s large number of offices, as well as its location close to convenient mass-transit lines that enable quick journeys to other key locations including Sukhumvit Road, Wireless Road and Silom.

With all those advantages in the Sathorn environment, it may now have surpassed other popular locations, such as Sukhumvit, Wireless, and Silom, for luxury residential choices.

Land at this location has seen a meteoric rise from an average Bt450,000 per square wah just 10 years ago to today’s Bt2 million per square wah. Even higher prices could be in the offing as demand for residential space in the neighbourhood far outstrips the limited amount of land that can be developed for residential, a recent Nation survey found.

Luxury condos change the face of SATHORN

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http://www.nationmultimedia.com/detail/Real_Estate/30370776

Luxury condos change the face of SATHORN

Real Estate June 10, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

3,603 Viewed

Since 2009, the section of Sathorn Road from Sathorn junction to Taksin bridge has undergone a transformation from a strip of merchant shophouses to a luxury residential area boasting condominiums with over 8,000 units, according to a recent Nation survey.

“I was born in and have stayed at Soi Suan Phlu for 48 years, I have seen many changes to this location since 2009, with more condominiums around the area,” Wipa, who remains a resident of the soi, said.

The lifestyle in this location has also changed as condominiums replaced the previously dominant shophouses. As well, the businesses have shifted to a more modern trade to replace the traditional trades.

“My friend had sold her land at the price of Bt450,000 per square wah,” she said, “and now the price for her [former] land has increased to over Bt2 million per square wah.”

With the market trend, listed and non-listed property firms are parading to launch their new condominium projects in Sathorn district, the central business district of Bangkok. Launches totalling more than Bt31 billion have been made from mid-2018 through the first half of this year, according to the recent Nation survey.

Supalai Icon Sathorn, worth Bt20 billion, is the latest project launched to market by Supalai Plc. It is priced at Bt175,000 per square metre with a starting price of Bt8.2 million per unit.

Supalai Plc’s chief executive officer Prateep Tangmatitham said the mixed-use project would feature residential along with offices, shops and complete facilities on a 12,600sqm plot, 56 floors high. The combined total of 780 residential will offer a functional area of approximately 150,000sqm.

“We decided to launch this project when we saw a strong demand in this location,” he said.

Meanwhile, other property firms are also launching their condo projects on Sathorn Road from Sathorn junction to BTS Sathorn station.

For example, in the middle of last year Pruksa Real Estate Plc introduced the Reserve Sathorn worth Bt2.59 billion – and it has already sold out. The project offered a Bt280,000 per sqm starting price, or Bt13 million per unit. The project will be completed and transferred to customers in 2022.

Sathaporn Estate Co Ltd last September introduced its Bt1.3-billion Shade Sathorn condominium project at a Bt135,000 per sqm price, or Bt3.69 million per unit. The project is to be completed and transferred to its customers in 2021 or 2022.

The latest condo project is the Bt3.4-billion Anil Sathorn by Grand Unity Development Co Ltd. It goes for Bt260,000 per sqm, or a starting price of Bt11 million per unit.

From 2003 through 2018, a total of 8,002 condominium unites, worth over Bt40 billion, were launched for sale on Sathorn Road. Up to 95 per cent were successfully sold, according to research by property agency Colliers International Thailand Co Ltd.

Their research also found an average condominium price on Sathorn was at Bt250,000 per sqm.

Most property firms that launched sales for over Bt40 billion worth of condos on Sathorn Road in 2018 through the first half of this year have successfully sold out, Colliers local research director Pattarachai Taweewong said.

For example, Reserve Sathorn launched mid-year and has managed to already sell out. Reflecting the demand, condominium prices also increased from the pre-booking Bt280,000 per sqm to Bt300,000.

Sansiri Plc in 2017 launched the Line Sathorn worth Bt4 billion. The project combines 327 units at Bt270,000 per sqm and a starting price of Bt7.9 million. The project sold out within a day of opening up to booking. Those units now enjoy an average resale price of Bt285,000 per sqm.

Raimon Land Plc last October introduced its Bt4.2 billion Tait 12 project on Sathorn Soi 12. At Bt264,000 per sqm, it offers a starting price Bt7.6 million per unit, and reached sales of 70 per cent for the sales launched.

Sathorn Road is a prime location for residential, says Pruksa Real Estate Plc’s chief executive director of premium units. Prasert Taedullayasatit pointed to the locations many lifestyle-oriented facilities, including a hospital, university, primary school, secondary school and shopping centre.

The location also boasts both MRT and BTS transit lines, giving an added boost to demand for residential projects in the area. Meanwhile, the area’s limited availability of land for building residential drives up the price of land there, he said.

For 2018, land price around Sathorn Road were recorded at an average Bt2 million per square wah. Already, the price has jumped 10 per cent, while demand for residential in the location enjoys continuing strong growth, he said.

TrueVisions bags exclusive EPL broadcast rights

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http://www.nationmultimedia.com/detail/Corporate/30370947

Manchester City captain Vincent Kompany lifts the trophy among teammates after the English Premier League match between Brighton and Hove Albion and Manchester City, Brighton, Britain, 12 May 2019./EPA-EFE
Manchester City captain Vincent Kompany lifts the trophy among teammates after the English Premier League match between Brighton and Hove Albion and Manchester City, Brighton, Britain, 12 May 2019./EPA-EFE

TrueVisions bags exclusive EPL broadcast rights

sports June 12, 2019 10:36

By The Nation

TrueVisions Group has acquired exclusive broadcast rights for the English Premier League (EPL) for the next three seasons, starting from 2019-20 to 2021-22.

All 380 matches will be broadcast on all platforms — TrueVisions, TrueMoveH, TrueOnline and TrueID — a statement from Thailand’s largest pay TV operator said on Wednesday.

The deal came after an agreement between Premier League and Facebook fell through in March this year.

The social media giant had agreed to a deal in May last year to land coverage of English football’s premium event in Thailand, Laos and Cambodia with a £200-million offer.

Birathon Kasemsri, chief content and media officer, True Corporation, said TrueVisions will be the only network in Thailand to show all the action of the English Premier League, with live broadcasts, reruns, and highlights of every match.

They will make available six channels for broadcast of the world’s biggest football league, which will kick off the new season on August 10.

TrueVisions has also been given a live and on-demand digital broadcast licence across all platforms so football fans can enjoy the excitement of the matches according to their own convenience and lifestyle, he added.

“Brace yourselves for the most complete English Premier League experience ever. And we will proudly present it in new and innovative ways that will more deeply engage all fans throughout Thailand,” Birathon said.

Further details including its format, how to watch and promotions for both new and existing customers will be announced soon, the company said.

TrueVisions has acquired the broadcast rights directly from the Premier League but the firm refused to reveal how much the deal cost.

TrueVisions in the past had won the rights to broadcast the EPL for several years before Cable Thai Holding snapped up the rights for the 2013 to 2015 seasons with a Bt10-billion bid.

In the last three seasons, Truevisions has sublicensed the broadcast rights from beIN Sports.

Premier League director of broadcasting Paul Molnar said they were very pleased to welcome TrueVisions back as a broadcast partner for the next three years.

“They have exciting plans to make our competition available on multiple platforms, and we look forward to seeing fans in Thailand enjoy the best Premier League action,” said Molnar.

Meanwhile, TrueVisions is trying to acquire the broadcast rights for Champions League games in the rest of the two seasons after Thailand’s vast army of football fans were left bitterly disappointed at not being able to watch last season’s games.

The rights to broadcast the Champions League from 2019-21 seasons were awarded to DAZN, the parent company of goal.com.But the website failed to deliver the broadcast in Thailand throughout the last season. It remained unclear if the fans will be able to watch games in the rest of the seasons.

At A Glance

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http://www.nationmultimedia.com/detail/Corporate/30370929

Airbnb helping to grow Phuket’s tourism pie
Airbnb helping to grow Phuket’s tourism pie

At A Glance

Corporate June 12, 2019 01:00

By The Nation

Airbnb helping to grow Phuket’s tourism pie

Global end-to-end travel platform Airbnb, is creating new revenue streams for Phuket through connecting global travellers with a broad range of accommodation offerings and unique experiences on the island.

Airbnb travellers seek out local and authentic experiences, and choose to spend their money in the local neighbourhoods they visit.

Airbnb guests are voting with their feet with guest arrivals to Phuket reaching 320,000 in the past 12 months – a growth of 61 per cent year over year – with guests staying in boutique hotels, vacation rentals and local homes. With guest experience a top priority, 80 per cent of hosts in Phuket have received the highest 5-star rating on Airbnb. Airbnb’s top guest origin markets to Phuket include China, the United States, Russia, Hong Kong, Singapore and the United Kingdom.

With Phuket’s future intertwined with the health of the island’s tourism, Airbnb is attracting a different kind of traveller who seeks local, authentic and sustainable travel accommodation and experiences. This new generation of traveller is actively finding ways to make impactful and meaningful travel a key part of its lifestyle.

Mike Orgill, General Manager for Southeast Asia, Hong Kong and Taiwan, Airbnb shared, “Airbnb’s proposition is diverse and complements Phuket’s current offerings. Airbnb travellers are not your average tourist, they are looking for something different and unique, whether it’s a modern villa, a creative boutique hotel or a traditional homestay.

“Seventy-nine per cent of our guests book with us because they want to live like a local, and when they travel they spend in the local neighbourhoods and communities they visit.

“It’s this type of guest that is adding a new and positive dimension to Phuket, and is being welcomed by a large part of the island’s tourism economy,” he said.

Pomelo poised for giant leap across Asia

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http://www.nationmultimedia.com/detail/Corporate/30370931

Pomelo poised for giant leap across Asia

Corporate June 12, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION
SINGAPORE

THAILAND-BASED omni-channel fashion brand Pomelo plans major expansion in Asia, opening up to 150 branches by 2023 from the eight branches at present, to count at least 50 million customers in the region, the company’s co-founder and chief executive officer David Jou said.

Currently, the company has some 2 million customers in Thailand, Singapore, Indonesia, Malaysia, Philippine, Hong Kong, Australia, the US, and Europe.

The business expansion will focus on Asian countries like Thailand, Singapore, Malaysia, Indonesia, Philippines, and Hong Kong, he said.

“We will invest on average about Bt20 million at each of our new branches, which will combine flagship shop and Pomelo’s pick-up shop,” Jou said yesterday, before the opening ceremony of its flagship store in Singapore today.

To pursue its aggressive investment plan, the company intends to raise capital, he said.

Its branch in Singapore is the first one outside Thailand; Bangkok has seven branches. The company has invested Bt60 million in its Singapore flagship store, located in Somerset.

The company also plans to open a flagship store in Phuket in the third quarter of this year with an investment of about Bt60 million, Jou said.

The company will open five new branches in Thailand this year, spending on average Bt20 million to Bt30 million per branch, depending on the size of branch, he said.

Jou, 33, and his friends decided to establish Pomelo in Bangkok in 2014 when he saw the potential for omni-channel fashion style for women in the country.

“Thailand has the most number of people on Facebook, the highest in the region and among the highest in the world. E-commerce through business-to-business and business-to-customers is also higher than other countries in the region. That is the reason why we set up the business in Thailand,” Jou said.

According to the latest reports by the Electronic Transactions Development Agency (ETDA), Thai eCommerce grew the most in the Asean region last year, due to changes in consumer behaviour, and its value is expected to hit Bt3.2 trillion.

ETDA has been collecting these statistics since 2014. When comparing the number of internet users over the past 10 years, there were only 16.1 million internet users in 2008; latest information revealed that in 2017, there were 45.2 million users.

Jou estimates the value of the fashion market in Thailand – both online and offline – to be worth up to Bt150 billion in 2018, with up to 15 per cent from the online market. With double digit growth annually, he expects the fashion online market to achieve up to 40 per cent growth in 2023.

“Although the fashion market has high competition, most of them are in the traditional system.

We are combining digital technology and platform to do this business with our business growing on average 200 per cent a year since we started this business in Thailand,” Jou said.

The company has employed 500 staff in Thailand, Indonesia, and China, with up to 70 per cent of them in Thailand. The company is also collaborating with more than 1,000 firms in the supply chain, including manufacturers of its products, warehouse and logistics system.

“We have more than 3,000 women’s fashion products. We will expand our production to include men. This is the way to increase our customers and drive our business growth for the long term,” Jou said.

Unilever focuses on convenience

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http://www.nationmultimedia.com/detail/Corporate/30370932

Robert Candelino, CEO of the Unilever Thai Group of Companies and Malaysia, Singapore, Myanmar, Laos and Cambodia
Robert Candelino, CEO of the Unilever Thai Group of Companies and Malaysia, Singapore, Myanmar, Laos and Cambodia

Unilever focuses on convenience

Corporate June 12, 2019 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

UNILEVER Thailand views digitalisation as a new challenge to its fast-moving consumer products business, and also as an opportunity for the company to better serve its customers, says Robert Candelino, CEO of the Unilever Thai Group of Companies that also serve Malaysia, Singapore, Myanmar, Laos and Cambodia.

Technological disruption will be a challenge for everybody, said Candelino, not just for one industry or sector.

“All of us need to recognise the inevitability of a digital future, and as such we all have to figure out how to evolve from our legacy models to future-proofed models.

“At Unilever, we are approaching this evolution similar to how we have done for all major changes throughout our long history – by focusing on being the best partner to all our |customers, by having great products that are purposeful and add value to people’s lives, and by remaining the most preferred employer in Thailand by attracting leaders who want to help shape the future in a positive way,” he said.

“We remain very excited about the dynamism and opportunity of the Thai market,” said Candelino.

“Unilever has been in operation here for 87 years and today our |products are enjoyed by every Thai three times a day.”

The company is proud of its local history, particularly its relationship with retailers of all types – who it calls “partners”.

“We must and we will continue to prepare ourselves for the inevitable changes that we foresee,” said Candelino. “Principal among them is the opportunity that the digital |revolution offers in terms of how we can better serve our |customers and consumers. Clearly, digitisation will affect every aspect of human life, including how we all will shop in the future. This will likely mean that all retailers will have a digital or e-commerce capability, because it is our expectation that consumers will continue to seek the convenience and efficiency of shopping wherever, whenever they want. As always, we are ready for this change and working with all our retail partners to harness the opportunity.”

Candelino said that Unilever has a very clear purpose as a company – “to make sustainable living commonplace”. This purpose is underpinned by its three core beliefs – that brands with purpose grow, companies with purpose last and people with purpose thrive.

That central focus on purpose is key. “Purposeful organisations, led by the most purposeful people, often |generate the best performance over the long term,” he said.

“Our operational strategy, therefore, is rather simple. We will continue to lead our industry by delivering superior products that are preferred by people and contribute to make our societies better for the long term. We will increase our commitment to sustainability, including and especially in reducing plastic waste. We have already made clear our commitment to be 100 per cent recyclable, recycled or compostable by 2025 on all our plastics worldwide.

“Lastly, we will continue to recruit, train and develop the very best talent available.”

Delivering consistent growth ahead of the markets remains the company’s goal, he said, adding, it was reflected in its commitment to remain a leader in the current segments while creating new products, services and partnerships to accelerate growth. “As leader, we are constantly pioneering new models for our business. In retail we are supporting small-hold mum and pop shops through our Ran Tid Dao programme, which provides mentoring and coaching for small retailers on how to help their business grow.

“We have a direct-selling business for ice cream through our ‘I’m Wall’s’ programme, which was invented in Thailand 30 years ago and provides employment opportunities for salesmen across the country to deliver ice cream direct to consumers. Equally we are working with all of our retail partners, new and existing, on how we can better serve them as they evolve on their own journey

In short, says Candelino, Unilever has enjoyed success “because we have always been on the leading edge of all major changes in our industry and this will indeed remain our goal into the future”.

Princess opens Thai Union’s Global Innovation Centre

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http://www.nationmultimedia.com/detail/Corporate/30370933

Princess opens Thai Union’s Global Innovation Centre

Corporate June 12, 2019 01:00

By THE NATION

HRH Princess Maha Chakri Sirindhorn recently presided over the opening ceremony of Thai Union Group’s new Global Innovation Centre.

 The company’s top management and invited guests welcomed Her Royal Highness on her arrival at SM Tower in Bangkok.

The Princess received a donation for her charity from Thai Union chairman Kraisorn Chansiri and chairman of the executive board Cheng Niruttinanon, while president and CEO Thiraphong Chansiri gave an introduction about Thai Union and the GIC.

The Princess then officially opened the Global Innovation Centre, followed by Dr Tunyawat Kasemsuwan, Thai Union’s Global innovation director, presenting an exhibition about the work of the GIC.

The Princess also visited the global food operation room of the centre and demonstrated her own recipe of Som Tam Tuna.

TRIS assigns BBB+ to Sansiri

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http://www.nationmultimedia.com/detail/Corporate/30370903

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TRIS assigns BBB+ to Sansiri

Corporate June 11, 2019 16:21

By The Nation

TRIS Rating has affirmed the company rating on Sansiri PLC (SIRI) and the ratings on SIRI’s existing senior unsecured debentures at “BBB+”.

At the same time, TRIS Rating has assigned the rating to SIRI’s proposed issue of up to Bt4,000 million in senior unsecured debentures at “BBB+”.

The proceeds from the new debentures will be used to replace debentures maturing in July and October 2019, and for working capital.

KT ZMICO issues five structured notes

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http://www.nationmultimedia.com/detail/Corporate/30370902

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KT ZMICO issues five structured notes

Corporate June 11, 2019 16:19

By The Nation

KT ZMICO Securities has issued five types of structured notes with underlying securities in the SET50 for institutions and high net-worth investors.

The company sees the structured notes as another flagship product to boost revenue in the second quarter.

M L Thongmakut Thongyai, managing director of KT ZMICO Securities Co Ltd (KTZ) said, “The special characteristics of structured notes, such as the opportunity to gain higher yields (than from bonds or bank deposits interest rates), a principle protection function and the chance to invest in the chosen stock at a desired price, has made structured notes more popular among investors throughout the years.”

The company will introduce five types of short-term structured notes with underlying stock in the SET50 for institutions and high net-worth investors. The company said it expected to realise revenue from structured notes starting from the second quarter of 2019 onwards.

The five types of KTZ structure notes are Bull Equity Linked Note (Cash settlement), Bull Equity Linked Note (Stock settlement), Bull Protection Note (Cash settlement), Bull Protection Note (Stock settlement) and Bull Principal Protected Note.

Given that the Bull Principal Protected Note was designed to protect the principle value and thus has the lowest risk, the company in a release said it was suitable for inexperienced investors who seek higher returns. If the underlying stock price rises, then the returns could be higher than bank deposit interest.

The minimum investment value for these structured notes is Bt4 million, with the holding period starting from a month and lasting as long as nine months.

“KTZ offers a range of structured notes to cater to investors’ investment preferences and risk diversification objectives,” said Thongmakut. “As structured notes are considered as a relatively new and complex financial product in the Thai capital market, our investment consultants were trained and are well-prepared to offer advice and assist clients to be able to fully understand the product before making investment decisions.”

KTZ has been assigned a national long-term rating of “A+(tha)”, a national short-term rating of “F1+(tha)” and outstanding senior unsecured debt at “A+(tha)” by Fitch Ratings (Thailand) Limited. Moreover, the company is also a subsidiary of Krung Thai Bank, which holds a large client base, allowing KTZ to offer full-services to serve clients across various segments.