BG Packaging plans expansion at home and abroad amid competition

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Vorawat Buranakarn , managing director of BG Packaging Co Ltd (BGP)
Vorawat Buranakarn , managing director of BG Packaging Co Ltd (BGP)

BG Packaging plans expansion at home and abroad amid competition

Corporate May 21, 2019 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

BG PACKAGING (BGP) has set a three-year expansion plan both in Thailand and abroad, including through mergers and acquisitions, managing director Vorawat Buranakarn told The Nation in an exclusive interview.

“The key ambition for our three-year business plan is to focus on covering upstream and downstream for both the paper and plastic businesses through joint ventures for kraft paper and plastic film, as well as downstream for food paper and plastic pouches,” said Vorawat.

He said BG Packaging Co Ltd (BGP) has plans for mergers and acquisitions in the near future. Potential businesses include kraft paper, corrugated box capacity expansion, plastic film for flexible packing and labels, and pouch expansion for flexible packing.

Vorawat said the key challenge faced by packaging business operators was new competitors entering the market due to the low investment required. The company’s strategies for the next three years would be to overcome this challenge and to ensure sustainable growth to become a one-stop service and to offer the full package of caps, bottles, labels and boxes at one time.

BGP manufactures and sells a variety of packaging products, including crown caps, plastic closures, PET bottles, crate containers and corrugated cartons.

He said another risk factor of concern to the company was the possible increase in the prices of raw material, both plastic and paper, due to the higher price of oil. BGP aims to tackle the cost problem through development of a “strategic partnership”.

“We will purchase raw materials continuously from particular suppliers in higher quantities. This will help us to reduce raw material prices in the third and fourth quarter of this year. In addition, we will be able to control the prices of plastic raw materials to be at an appropriate level to control the manufacturing cost. For paper raw materials, we need to see the direction of paper exports in many markets, especially recycled paper from China, as it will impact market prices of paper in Thailand,” said Vorawat.

He said BGP also is interested in expanding production of crate containers and corrugated cartons, which are currently supplied to beverage manufacturers. The company is looking to expand its packaging customers to those producing other goods such as foods and sauces, electronic products and parcels. That expansion is expected by next year.

“We expect to achieve Bt1.8 billion in total revenue this year, of which Bt800 million will be from paper boxes, Bt350 million from plastic bottles, Bt300 million from caps and Bt350 million from labels,” said Vorawat.

Then over the next three years, the company’s expansion plans target potential Asean markets, focusing on plastic caps, PET bottles and labels in CLMV countries (Cambodia, Laos, Myanmar and Vietnam).

“We have seen continuous growth of the domestic packaging markets both in Laos and the Philippines. In Laos, the demand for packaging products has increased significantly due to fewer packaging manufacturers, especially for plastic labels. In the Philippines, BGP has strong competitiveness, especially in pricing. By ensuring good quality and reasonable pricing, we believe our packaging business will grow in these markets,” said Vorawat.

The key driving factors for business growth are the high growth of the paper business in the food and e-commerce segments, as well as flexibility of the packaging business driven by high growth in the food and household segments.

Thai Union strikes it rich with tuna oil

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  • Leonardus Coolen, managing director of Thai Union Ingredients, presents business plan of Thai Union Ingredients to a group of Thai journalists during a recent visit at Thai Union Marine Nutrients marine oil refinery in Rostock, Germany.
  • A view of the Thai Union Marine Nutrients marine oil refinery in Rostock, Germany.

Thai Union strikes it rich with tuna oil

Corporate May 21, 2019 01:00

By JINTANA PANYAARVUDH
THE NATION
ROSTOCK, GERMANY

4,453 Viewed

WHEN Tunyawat Kasemsuwan, the director of Global Innovation Centre (GIC), joined Thai Union Group five years ago, he saw a lot of “value” left unused at the firm’s tuna processing factory, and decided to take on the responsibility of finding ways to tap that value.

Tunyawat later led the centre to research and develop ways to cash in on this abandoned value, and finally proposed that the company produce refined tuna oil as a new business.

And now, the long journey of extracting value from the remains of tuna-fish has reached its destination. Crude fish oil extracted in Samut Sakhon province is being shipped to Germany, where Thai Union’s new marine oil refinery is purifying the oil to be sold in the market.

A view of the Thai Union Marine Nutrients marine oil refinery in Rostock, Germany.

Five months after the seafood giant’s “Thai Union Marine Nutrients” oil refinery in Rostock, Germany, began operations late last year, they have so far sold 250 tonnes of refined tuna oil to one of the world’s top five infant formula manufacturers.

In the past, the company had treated tuna fish heads as a waste and normally sold it as animal feed at Bt6 per kilo, but after being transformed into refined oil through state-of-the-art technology it has become a value-added product, Tunyawat said.

“And it could increase its value a 100 times if it were developed to the highest level for use as an ingredient in pharmaceutical products,” the director said, during a recent visit to the refinery by a group of Thai journalists.

Tunyawat Kasemsuwan, the director of Global Innovation Centre.

The new oil refinery business is the brainchild of the cutting-edge GIC, which researched for years how to utilise and add value to tuna, the core product of Thai Union.

It is also part of the company’s strategy to create a sustainable future for the tuna industry by innovating to maximise the valuation of the whole fish processed by Thai Union, one of the world’s top four tuna manufacturers.

With a $24-million (Bt764 million) investment in the refinery, the executives are confident of boosting Thai Union’s total revenue.

Leonardus Coolen, managing director of Thai Union Ingredients [TUI], said the timing of the investment in the oil refinery business was good, as it came amid high demand for refined tuna oil.

Coolen cited two reasons: First, refined tuna oil contains a high natural DHA concentration, which is a vital component for baby formula milk and contributes to a baby’s brain development.

Second, due to a new European Union regulation requiring a doubling of the percentage of DHA in infant formula in 2020, it is expected that the market would need additional sources of refined tuna oil, said Coolen.

Tuna oil is considered one of the best sources of Omega 3 and DHA critical to human health and infant development.

“It [the refined oil] will be the future of our company if the value of refined oil and all other co-products can contribute more than canned fish,” Tunyawat added.

In the meantime, Thai Union could also achieve “zero waste” from what is left from their production process, he said.

Whole supply chain

Thai Union has four or five refined tuna oil competitors worldwide, but it has an advantage over its rivals because it owns the whole supply chain.

“We produce raw tuna, have our own tuna factory, and produce crude tuna oil and then refine it at our own factory,” said Coolen.

Leonardus Coolen, managing director of Thai Union Ingredients.

“By having control over the entire production chain, we can focus on quality and sustainability from dock to door while employing traceability in the picture and focusing on sustainability throughout the supply chain,” he added.

Traceability combats IUU (illegal, unreported and unregulated) fishing, ensuring operational compliance on vessels to manage the fish by-catch, and stamping out illegal or forced labour.

Moreover, by owning the fish from which the oil is extracted, the company can secure the required volumes for customers – unlike refined-tuna-oil-producing competitors who need to source crude oil in the market, added Coolen.

Thai Union’s crude tuna oil is extracted at its Samut Sakhon tuna-processing facilities from raw tuna heads – the best source for highest-quality tuna oil – before being shipped to its refinery in Rostock via the port of Hamburg.

Inside the Thai Union Marine Nutrients marine oil refinery in Rostock, Germany.

Apart from being located in a tech-driven region, the refinery is geographically well positioned as it is close to most of its customers, Coolen noted.

He expects its key customers to be large multinational companies, such as Nestle, Mead Johnson, Danone, FrieslandCampina and Abbott.

The firm has projected Bt800 million in revenue from both crude and refined oil this year, he said. The current price of refined tuna oil is $12-$15 per kilo, and $7-$8 for crude oil.

The firm will have a 25-30 per cent market share when the refinery can produce at its full capacity, or 5,000 tonnes annually, said Coolen. Full capacity is expected to be achieved within the next three to five years.

TUI is a business unit under Thai Union Group, and was established in 2017 to meet the growing demand for natural, seafood-derived products beneficial to human nutrition, such as marine Omega-3 fatty acids. It also aims to commercialise a new business-to-business line of high-value ingredients identified by its innovation centre.

The firm has been exploring opportunities to expand into production of other nutrients, including a wide range of protein products and bone calcium, Tunyawat said.

What’s next for China’s tech investment in the Asean region?

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Kelvin Tan, chief executive officer of HSBC Thailand
Kelvin Tan, chief executive officer of HSBC Thailand

What’s next for China’s tech investment in the Asean region?

Economy May 22, 2019 01:00

By Special to The Nation

LAST YEAR was a watermark year for Asean’s technology sector, with inbound investments in 2018 alone reaching $11 billion Singaporean dollars (Bt253 billion), almost double the S$5.8 billion invested in 2017, according to Singapore-based venture capital firm, Cento Ventures.

Among this, China’s tech giants have caught the lion’s share of the headlines with the likes of Alibaba and Tencent Holdings entering the region, and JD.com investing in Thai online fashion brand Pomelo.

That China has begun to increasingly invest in Southeast Asia’s technology should not come as a surprise, given the commercial and manufacturing potential that Southeast Asia offers.

With more than half of Asean’s 650 million citizens younger than 30, its young and tech-savvy consumer base is open to trying – and buying – new things, preferably online or via mobile devices. Indeed, according to a Google/Temasek report, Asean’s digital economy is projected to exceed US$200 billion (Bt6.3 trillion) by 2025 and many Chinese companies are looking to capitalise on this potential.

On the manufacturing side, Asean has been perceived as a strong production option for multinationals given its role within existing supply chains, growing consumer base and strong trade and investment ties.

The rapid and all-consuming nature of digital and technology means that nearly all sectors are considered technology plays and opportunities – from medical to education to traffic. The sectors are only going to widen into areas like construction, real estate and logistics,

So, if 2017 and 2018 have been the breakthrough years, what’s next for China’s tech investment into the region?

An interesting space to look out for will be investment in tier-two tech players in Southeast Asia.

China is among the top three countries for venture capital investment in digital technologies, and Asean remains relatively under-represented in terms of startups, so the potential to scale up is huge. This is starting to happen with the likes of Malaysia-based Glueck Technologies – which develops sophisticated AI – and Singaporean e-grocery site RedMart – having both received substantial investment from mainland investors.

Another avenue could be Asean’s Smart Cities Network, which aims to use technology to improve urban planning in areas like transport management and other utilities across 27 Asean cities. With more than 500 smart city projects underway, China has the largest number of smart cities in the world and certainly has the experience to make a meaningful contribution.

We’ve begun to see this already. In Malaysia, Kuala Lumpur signed an agreement in January 2018 with Alibaba’s cloud service, “City Brain”, to work on traffic management, town planning and incident response. In Thailand, Chachoengsao province is likely to host the smart city for the smart infrastructure development in the Eastern Economic Corridor (EEC) in collaboration with China and Japan. The government plans to further develop 30 smart city zones in 24 provinces this year and extend its target to 100 zones in 77 provinces by 2020.

A third area could be improving Asean countries’ ability in global supply chain sectors like electronics and automotive. Chinese businesses want to see Southeast Asia position itself as a viable alternative for lower-end production, but the region cannot expect a wide-scale widening of supply chains to the region unless production technology and capacity increase. A clear example is Chinese carmaker Geely being able to drastically cut production costs at Malaysian carmaker Proton through technology transfer.

Asean’s urbanisation, digital adoption and consumer growth make it an attractive investment destination. However, its geographic diversity, ease of business and different foreign investment laws can sometimes make it a tough nut to crack. Despite this, Chinese companies have signalled their intention to expand, and Asean seems keen to reciprocate. For example, driving the digital agenda is the focus of Thailand as part of its chairing of Asean in 2019.

The digital marketplace is both an opportunity and a challenge to businesses, as it brings both customers and competitors to corporate doorsteps.

Investment and growth-hungry local companies are alive to the commercial opportunities spinning out of Asean’s burgeoning digital consumers as well seeing the potential of China’s tech companies as potential partners or investors.

But the competition for funds is heating up.

Attracting investment requires setting up the right environment, culture, and mindset within the company to be actively seeking technology disruption before it gets thrown upon you. More specifically, this means adopting an open and digital-first mindset to engage the tech community, encouraging innovation and being open to new ideas. It also requires an openness to see investors as partners who can drive a business to higher levels of growth and performance.

For many companies, beefing up their technology credentials will not be a straight-line process nor will it be without its challenges, but it is important to start making the shift now to capitalise on these opportunities. After all, the digital arena – like time – waits for no one.

KELVIN TAN is the chief executive officer of HSBC Thailand.

Thai GDP forecast cut to 3.3% to 3.8%

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Thai GDP forecast cut to 3.3% to 3.8%

Economy May 22, 2019 01:00

By PHUWIT LIMVIPHUWAT
THE NATION

THE National Economic and Social Development Council (NESDC) has adjusted down its GDP forecast from 4 per cent to 3.3 to 3.8 per cent, citing the impact on Thai exports from the escalating US-China trade war as the key factor.

“The escalation of the trade war is the key issue affecting the Thai economy,” NESDC secretary-general Thosaporn Sirisumphand said yesterday during a quarterly press conference. The adjustment to GDP forecast made in from February was made yesterday.

There are worrying signs that the trade war will become a long-term issue for the Thai economy, especially given the recent signs of escalation, he said.

Thosaporn was referring to the series of retaliatory tariff hikes by the two countries, which were ignited by the US imposing a 25-per-cent tariff on US$200 billion (Bt6.38 trillion) worth of Chinese goods on May 10.

In the first quarter of 2019, Thai exports contracted by 3.6 per cent year on year, causing the government advisory body to lower its export growth forecast to only 2.2 per cent for this year.

This would be a significant reduction in the country’s export growth, which last year achieved 7.2 per cent, according to the NESDC.

“Exports account for more than 70 per cent of the country’s GDP,” said Wichayayuth Boonchit, the NESDC’s deputy secretary-general. “Hence, the dampening export figures will certainly have negative impacts on the GDP growth this year.”

The trade war, Wichayayuth said, is negatively impacting Thai exports in three ways. First, it slows down global trade, leading to a general drop in shipment orders. Second, Thailand is in the supply chain affected by the tariffs imposed by the US, causing Thai exports of various electronic goods to also fall. Finally, the trade war creates uncertainty, which in turn discourages investment and damages consumer sentiment.

The delay in public investment could also lead to slower economic growth. The NESDC officials expect key infrastructure projects to continue throughout 2019; public investment in the first quarter actually contracted by 0.1 per cent year on year.

Wichayayuth said that thus far, the level of public investment had not been as high as expected. Furthermore, the NESDC is assuming that the new government will be established in May, and would require up to six months to implement a new budget after announcing its policies. That would delay the spending rollout. The NESDC is predicting that public investment will grow by 4.5 per cent this year compared to 3.3 per cent in 2018.

It is crucial that there be political stability after the new government takes office, Thosaporn continued.

“This way the new government can swiftly implement new policies and seek new markets for exporters to diversify their market destinations, maintain the level of tourism arrivals at 40.5 million this year and keep up public investment in mega-infrastructure projects,” he said.

As for the private sector, exporters should seek out key opportunities to replace Chinese goods in the US market, as they become less competitive due to the US tariffs. To do so, Thai companies need to find ways to reduce their costs to ensure their goods are more competitive when exported to the US, Wichayayuth added.

Yearly GDP forecast adjusted down to 3.3-3.8% by NESDC

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Yearly GDP forecast adjusted down to 3.3-3.8% by NESDC

Breaking News May 21, 2019 13:13

By Phuwit Limviphuwat
The Nation

The National Economic and Social Development Council (NESDC) adjusted down their GDP forecast for 2019 from 4 per cent to a range of 3.3-3.8 per cent in their quarterly economic report on Tuesday morning.

After a sluggish performance in the first quarter of the year, where the economy saw a mere 2.8 per cent GDP growth, the country’s top economic research body has cited the US-China trade war escalation as the key reason for the downward adjustment from their previous forecast in February.

Export growth for 2019 is now pegged at only 2.2 per cent, compared to last year’s 6.7 per cent growth. The first three months of this year saw a 3.6 per cent year-on-year contraction in Thailand’s shipments abroad.

Meanwhile, public investment contracted by 0.1 per cent in the first quarter, and the NESDC has adjusted down its public investment growth forecast from 6.2 to 4.5 per cent growth, citing the likely delays in next year’s government budget as a key factor.

Reskilling vital for your future success

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Reskilling vital for your future success

Economy May 21, 2019 01:00

By SPECIAL TO THE NATION

OUR WORLD is constantly being disrupted. Things change so fast that what you do well and can succeed in today doesn’t necessarily help you tomorrow.

But, as we race to keep up with that change, we may feel an overwhelming pressure. Individuals and organisations alike are striving to push the best ways to develop their own skills, and those of their people, to keep up with our world.

The dilemma we face, however, is that all the knowledge gained throughout our studies and on the job may or may not be relevant in the next few years. Some knowledge may keep its relevance such as soft skills, but taking a hard hit will be the technical and hard skills that require you to constantly update.

Think about programming back in the 1940s compared with today. Back in the ’40s, we saw the first recognisable electric-powered computer with manually written assembly programming language. Throughout the years, we see ongoing changes in programming language, until today we see Java, C++, Python and many others. It is clear that for us to progress and have better technology, things need to change.

In addition to the changing relevancy of our knowledge, the business landscape – especially the job market – also changes. This means that as technology advances, our jobs may be replaced with artificial intelligence, automation and machines.

As programmers need to learn new things and reskill, so does everyone else – regardless of job or industry. From manual labourers to office workers, we are never able to tell if we get to keep our jobs or not. With that, it’s safe to say that we need to constantly learn and constantly reskill to be able to keep up.

The changes in our world pose both challenges and opportunities, depending on how we approach them. This is why need to constantly learn and reskill. Now that you’ve understood the importance of reskilling in our world, the next step is to learn how to get started. Below are five ways to begin.

1. Decide what is important to reskill, and set goals. We all have different priorities in life, so take all factors into consideration, such as time, money and accessibility to learning new skills. This can mean different things. For one, it can mean building and updating current skills or building new skills to support your current ones.

Bringing back the programmer example, to expand your skills as a programmer you can learn new programming languages to build on your current skills in order to do better at your job. On the other hand, you can learn and build skills in something beyond programming, such as entrepreneurship, so that you can build your own business. Depending on your goals, you plan out your learning agenda.

2 Mind your own mindset. Mindset is how we view our world around us. It is shaped by our values, beliefs and experiences, but it is one thing that we can change towards sustainable results. The problem we all face is that we want to change our results but do so through behaviour. It works for a while, but because we didn’t put our mind into it, we slowly fall back to our old ways.

For learning and reskilling to be constant, our mindset doesn’t only need to be positive, it also needs to buy into reskilling. We may fail and make mistakes on our journey of learning and reskilling, but it’s our mindset that allows us to push through.

3 Build on both technical and people skills to work towards the goal you have set. Research the skill demands today and the future trends of the workforce. You may already have the necessary skills for those workplace demands, but it is also important to note down what you are missing and need to build on.

4 Don’t spend too much time planning, just begin by doing. If you already have a rough plan, the list of knowledge and skills you need to work on, and the mindset to face all adversities, then the next best thing is to actually start. You’ll never know if you’re heading in the right direction until you actually start learning and work towards reskilling yourself.

5 Make sure you keep yourself flexible. Everything changes constantly. What works today may no longer work tomorrow, so you need to prepare yourself to learn again.

All in all, lifelong learning and reskilling go hand in hand. You can’t reskill without updating and learning the knowledge you need to better yourself. The world will continue to change, and to keep up with those changes and survive in the world we must continue to learn and to reskill ourselves to stay relevant.

ARINYA TALERNGSRI is 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 or https://www.linkedin.com/in/arinya-talerngsri-53b81aa

How geek was PROGRAMMED to succeed

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Anothai
Anothai

How geek was PROGRAMMED to succeed

Corporate May 18, 2019 01:00

By ASINA PORNWASIN
THE NATION WEEKEND

2,132 Viewed

STUDYING marketing kept Anothai Wettayakorn busy during his student days, but it was computer programming that fired up his imagination.

Anothai, now 48, fell in love with computers when he first encountered them on his university campus.

Despite his workload as a marketing student he felt driven to learn all he could about computer programming. He even worked as a teaching assistant at computer lab. These were his first steps on a path that would take him to the vice president’s office for Asian emerging markets at Dell Technologies.

After graduating with his marketing degree from Assumption University (ABAC), he lost no time in finding work a sales person for a Thai computer company, SVOA, where he stayed for three years.

By that time, he made good on a plan to become an entrepreneur. He joined with a friend to set up a local brand PC company and ran the business for two years. With that taste of entrepreneurship behind him, he returned to the corporate world, joining Compaq Company in its product and marketing department.

He recalls that the PC market had been dominated by local brand PCs, with such brands making up 80 per cent of the market. In that environment it was difficult for premium brands to gain market share.

But, when the Asian economic crisis struck in 1997, the PC market shrank rapidly. His company slashed the ranks of its employees until it was just Anothai left on his own in his department. He turned that crisis into an opportunity by carrying out a marketing strategy of his own creation. He hit upon the idea of bundling the products with a broadband internet service, provided by another company. That helped make to revive sales and he was rewarded with a promotion to manager of the consumer PC business unit.

He continued to work for Compaq and helped to deliver healthy growth as he moved upwards in his career path. His company acquired the rival Digital Equipment Corporation (DEC), leading to his promotion as the executive overseeing the consumer and corporate markets as well as the business market. Then, when the company was acquired by Hewlett Packard (HP), he was promoted to the role of PSG director, overseeing the whole PC business of HP. Three year later, he moved to Dell as country manager of Dell Thailand.

From overseeing only Thailand, in 2010 he was also made responsible for the Indochina market, on the way to being put in charge of 32 emerging markets in the Asia Pacific region. He is the first Thai executive in the global technology company to be assigned such an extensive reach in marketing.

His role is to deal with the multicultural dimensions of the company in terms of markets, employees, and partners. He prides himself on getting along well with people of all cultures and backgrounds, he says. Anothai says a childhood in a military family, involving moves around the country, saw him get used to meeting a variety of people and build his interpersonal skills.

As his role as vice president for Asian emerging markets at Dell Technologies, he has promoted his Thai teams to oversee the market, naming members as country managers overseeing Indochina, with individual country managers for Cambodia, Laos, and Myanmar.

Across the 32 countries, the two main business of Dell Technologies are commercial and consumer businesses covering commercial PCs, notebooks and enterprise business. Dell’s business also includes the South Asia consumer division that takes in the Philippines and Indonesia.

“In APJ, Asia Pacific and Japan, Dell has six regions – Japan, South Korea, India, Australia and New Zealand, Southeast Asia – and the rest are emerging markets,” says Anothai.

He says that when it comes to moulding a successful operation, what’s important are the right attitude and mindset, together with patience and a sense of endeavour. He has practised all of these qualities and has sought to imbue his with staff with them.

He says he is focused on goals, not rewards, so he is always striving to optimise in every way, rather than merely meet the targets. A key motivation is to turn the spotlight on Thailand.

“I am pleased, but not satisfied, when my staff meet the target. I always advise them to have sense of entrepreneurship, to strive to optimise and not just to meet the target,” Anothai says.

“We need to put pressure on them but always with showing respect towards them. We need to push them to gain a sense of ownership with responsibility and accountability. Having a sense of entrepreneurship

means we will not stop simply because we meet the target; we will go beyond that.”

When he started working at Dell, Thailand was a third-tier market for the company, but now it has grown into a first-tier market. The size of business at that time was just a tenth of what it is now.

As with any business, he says, the core strength rests with the people. Dell’s business expansion requires not only gaining the trust of customers and partners, but also the employees.

“The team is very important since they work for the company, They need to be motivated and have a growth mindset. We need to learn the differences in culture and people, and to motivate and support them,” says Anothai.

He regards problems as challenges and enjoys resolving them. Problems, he says, are part of life. He believe any problem has its own cycle; after it arises it will ultimately disappear.

“We need to have the right consciousness to deal with and solve such problems. And even after a problem disappears, it will come again,” Anothai says. “We just have to realise that and deal with it. So, mindset and attitude are very important. Luckily, we can practise what is needed. I do not believe it is a born-to-be skill.”

As work keeps him busy, he prefers not to talk about a work-life balance; instead, he speaks of work-life integration. Since he travels a lot, he is always working and living life at the same time. He loves local food, history, culture and people when he is on business trips, and he often stay longer to experience a given city and its people.

“I always integrate work into life and life into work. I do not wake up to go to work; I wake up to spend my life. If we have an attitude like this, we will never be bored working every day of the week,” says Anothai.

He says everyone and every business in the era of digital disruption need to adjust their attitudes and mindsets as well as prepare themselves for the changes ahead. The winners are those businesses that can adjust themselves quickly, regardless of their size.

“In the span of every five years, technologies will become powerful and notch advancements at the rate of 10 times. Therefore, in the next 15 years, we can expect to see 1,000 times more advances in technologies. This principle is the same as what happened in the last 15 years,” he says.

“In the next 15 years, nobody knows how the world will be, but one thing is sure – it will be never the same and we cannot escape that conclusion, no matter what people think about that.

“For example, artificial intelligence, robotics, automation, and the Internet of Things will play important roles, absolutely. Thai businesses and corporates need to be aware of this and prepare themselves to avoid the risk of being disrupted.”

As for individuals, he says, people need to make adjustments. Even though he has worked at Dell for 16 years, he says it feels as if he has worked for different companies over that period – such is the pace of change.

“Dell always adjusts itself, such as when it expanded from being a hardware provider to offering solutions as well as end-to-end solutions. Now, Dell Technologies offers a lot of solutions for data centres and the cloud, says Anothai.

He says Dell has always offered reskilling and upskilling for employees. For example, it has quarterly training, with its own university, Dell Sales University, providing the courses. Employee need to pass the core courses in order to move up.

Dell places great importance on people development.

“As a company, Dell has also always adjust itself. It started with direct model, but today it relies on a hybrid mode with channels. It changed from a model of built-to-order to be build-to-stock – all while retaining its DNA that is effective supply chain management,” Anothai says.

Dell created a big impact on the PC industry with its direct model and supply chain management that pulled down prices for PCs.

“Dell is still creating an impact, now with data centres and the cloud with the recent launch of Dell Technologies Cloud Platform,” Anothai says. “The company spends around US$4 billion on research and development each year. The vision of the company is to supply the advanced technologies that help our customers make the transformation to the digital era.”

Ooredoo Myanmar joins China’s ZTE in 5G push

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30369575

Alok Verma, acting chief executive of Ooredoo Myanmar, third from left, with ZTE Corporation’s Mei Zhonghua after signing an MoU on 5G cooperation. (Photo courtesy of Ooredoo Myanmar)
Alok Verma, acting chief executive of Ooredoo Myanmar, third from left, with ZTE Corporation’s Mei Zhonghua after signing an MoU on 5G cooperation. (Photo courtesy of Ooredoo Myanmar)

Ooredoo Myanmar joins China’s ZTE in 5G push

Breaking News May 17, 2019 20:15

By Khine Kyaw
The Nation
Yangon

2,182 Viewed

With growing interest for fifth-generation or 5G technology in Myanmar, Ooredoo Myanmar has recently taken another step forward to bring the latest development to the nation by signing an agreement with China’s ZTE Corporation, said the firm’s acting chief executive Alok Verma.

He told The Nation on Friday that the collaboration would ensure that the telco is ready to evolve to 5G, despite speculation that it will be tough for the four telecom operators in Myanmar to launch 5G services this year.

“Technically, we are ready for some upgrades and spectrum allocations. Plus we have ongoing discussions with PTD [Posts and Telecommunications Department] for 5G development in Myanmar,” he said.

“We will ensure that our network is ready for 5G technology while we’re waiting for government approval.”

According to Verma, the deal signed with ZTE Corporation on Wednesday is the first of its kind in Myanmar, helping the country realise its potential for leapfrogging in technological terms. The partnership would leverage the expertise of ZTE Corporation and support Ooredoo’s efforts to provide an excellent telecom infrastructure in Myanmar.

“We are the first in Myanmar to launch initiatives towards 5G development, recognising the potential of 5G, which will unlock the next generation of wireless technology with high speeds, ultra-low latency and greater capacities,” Verma said.

The development of 5G would unleash new possibilities in mobility, manufacturing, healthcare, transportation and several other industries, he added.

To kick off the partnership, Ooredoo Myanmar and ZTE Corporation will be considering potential test environments to deploy the telco’s 5G network. The test environments will be used to evaluate the performance of 5G network and technology to ensure that best-in-class service is achieved once the network is operational.

Verma said Ooredoo Group has been working towards bringing 5G technology to all the markets it operates in since 2014. It made history when it became the world’s first operator to launch a live 5G network in Qatar in May last year.

“Over the next few months, we have been planning to reach more world-firsts by testing 5G mobile and networks through user trials and commercial launches across the world, and Myanmar is no exception,” he said.

According to Verma, Ooredoo Myanmar has been building a strong cooperation with ZTE since 2014, and both companies are excited to move further together.

“Both parties believe that it will be a great opportunity to further strengthen our cooperation in the future, as we explore and discuss the path to 5G,” he said.

He added that the telco has chosen ZTE as its strategic partner due to the Chinese giant’s proven record in solid 5G cooperation with more than 40 operators worldwide.

“With the aim of keeping our business growing in the long run, ZTE will be the best partner to help us build the first 5G in Myanmar. We are confident that ZTE’s 5G end-to-end commercial products will support the full-band, full-scenario deployment needs,” he said.

Yet, Verma did not reveal how much the telco would invest in its efforts to bring 5G to Myanmar in the near future.

“We are still in discussions with PTD and we still don’t know about the costs yet,” he said.

Airbnb and GSB launch partnership to support local homestays

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http://www.nationmultimedia.com/detail/Corporate/30369570

Airbnb and GSB launch partnership to support local homestays

Breaking News May 17, 2019 19:03

By The Nation

Airbnb, the world’s leading community-driven hospitality company, and the Government Savings Bank, Thailand’s state-owned bank, on Friday announced a partnership to help promote Thai hospitality entrepreneurs, starting with local homestay owners.

A press release on Friday said that through the partnership, GSB will help ensure better funding for hospitality entrepreneurs by providing flexible-interest rate loans and instalment plans.

Airbnb will work with GSB to help build capacity through hospitality and hosting training while connecting homestay owners to its worldwide platform and marketplace network of over 500 million guests.

Dr. Chatchai Payuhanaveechai, GSB President and CEO, and Mike Orgill, Airbnb General Manager for Southeast Asia, Hong Kong and Taiwan, jointly launched the partnership on Friday.

As part of the launch pilot, Airbnb and GSB trained GSB officials and 29 local homestay groups, including the participants of GSB’s ‘Smart Homestay 2018 Competition’, which recognised outstanding homestays in different provinces across Thailand.

The partnership will support local sustainable tourism while diversifying income distribution to communities across Thailand, in alignment with the Thai Government’s initiative to drive local economic growth in secondary cities through tourism. Specifically, both GSB and Airbnb pledged to expand business opportunities for Thai hospitality micro-entrepreneurs to help generate income for local communities.

GSB will provide a special loan package – providing grassroots customers with smaller, flexible loans – to hospitality micro-entrepreneurs who meet the Bank’s requirements. Airbnb will conduct a series of train-the-trainer model capacity building sessions to equip GSB officials with the skills to navigate and utilise Airbnb’s global platform efficiently, and cascade this knowledge to homestay owners under GSB’s programmes.

On Friday, participants took part in a series of sharing sessions about Thai tourism and its opportunities, as well as an Airbnb host onboarding and activation workshop for homestay owners. The high-speed fiber optic Internet for the workshop was provided by state-owned telecommunications company TOT Public Company Limited.

Airbnb Superhost, Nitaya Laisuwan, who hosts in a homestay in Bangkok, also shared her personal story and best practices. The passionate host and mother of two is a full-time English teacher who welcomes guests in her 4th generation traditional Thai wooden home, located by Bangkok’s Chao Praya river.

PTTEP and ARV set to create innovative solutions

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http://www.nationmultimedia.com/detail/Corporate/30369565

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PTTEP and ARV set to create innovative solutions

Corporate May 17, 2019 18:08

By The Nation

PTT Exploration and Production (PTTEP) has unveiled AI and Robotics Ventures Company (ARV) to provide cutting-edge AI and robotics services to accelerate research and technology development.

The company said in a press release on Friday that it is set to take part in driving the country’s economy through innovations.

“ARV is a significant milestone for PTTEP’s new business investment strategy to foster sustainable growth while addressing the changing era of digital transformation,” said Phongsthorn Thavisin, PTTEP President and Chief Executive Officer.

“ARV service builds upon PTTEP’s specialised technologies in petroleum exploration and production activities which have proven to enhance the company’s competitive capability. Through ARV, the expertise will also become available to support other industries outside the energy sector to boost efficiency and business value.”

ARV’s first three-year (2019-2021) investment is approximately Bt1.6 billion with an aim to be a leading AI and robotics company in South East Asia within 3-5 years.

“ARV’s long-term goal is to become an integrated platform for continuous development in cutting-edge AI and robotics. We focus on collaborating with partners from both academic and industrial sectors including high potential start-ups to create innovative solutions and build a workforce that fits the needs of business today and in the future,” said Dr. Thana Slanvetpan, ARV General Manager.

One of ARV’s latest technologies developed alongside its Norwegian partner is the world’s first remotely-operated Subsea Flowline Control and Repair Robot (SFCR) capable of performing inspection, repair and maintenance tasks on underwater petroleum pipelines. The robot is expected to cut repair cost by half, requires less time to deploy and also minimises human’s exposure to dangerous operations.

The application of ARV services and developing technologies ranges across air, sea and land.

The company’s pioneered AI & Robotic solutions include an Inspection-class Autonomous Underwater Vehicle (IAUV) for preventive inspection of underwater facilities such as petroleum pipelines and platform structures without requiring a support vessel or a large number of supporting crew; an In-pipe Inspection Robot (IPIR) for examining inside petroleum pipelines and providing a 3D visual profile for better predictive maintenance; and an Unmanned Aerial Vehicle (UAV) for inspecting facilities at height, generating aerial images, and surveying agricultural land to help analyze and improve productivity.

Thana added: “AI and Robotic technologies help business overcome conventional restrictions and bring about new advantages including reduction in operation time and cost, increase in precision and agility due to their ability to process, analyse and make decision.

“These technologies also offer personnel safety benefits by operating in potentially-risk areas. Creativity in software design also makes possible diverse applications. The potential is therefore infinite.”

Examples of intended-function software include the on-going development of UAV for Smart Farming in partnership with an agricultural business, and a successful development of Swarm Drones Technology in collaboration with the Radio Control Airplane Modeler Sport Association (RCSA) which was the first by Thais and in South East Asia.