FLIGGY BUY IN AID OF OVERSEAS MERCHANTS

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FLIGGY BUY IN AID OF  OVERSEAS MERCHANTS

Corporate April 10, 2019 01:00

By The Nation

Fliggy, the travel service platform of Alibaba Group, has launched its Fliggy Buy service, which offers overseas merchants a new solution to capture opportunities presented by the growing purchasing power of China’s outbound travellers.

 The service offers a new shopping channel for Chinese travellers to browse and buy goods on Fliggy before reaching their destination, picking them up in stores after they arrive.

It also advances Alibaba’s “Global Fun” strategy, which promotes international travel for Chinese tourists by working with industry players to give the tourists a richer experience while abroad, said Roman Zhu, Head of Fliggy Buy at Fliggy.

As a key component of the Alibaba economy, Fliggy is committed to promoting Alibaba Group’s “Global Fun” initiative to realise its long-term vision of serving two billion consumers around the world and supporting 10 million businesses to operate profitably on its platforms by 2036.

Nescafé outlays Bt200 million to expand its Americano range with new Zero Sugar variant

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Nescafé outlays Bt200 million to expand its Americano range with new Zero Sugar variant

Corporate April 09, 2019 23:09

By The Nation

2,226 Viewed

Nescafé, Thailand’s No-1 coffee brand, is expanding the black coffee-mix market segment by investing Bt200 million to drive its Nescafé Americano range, with the launch of a new no-sugar variant called Nescafé Americano Zero Sugar – under the concept “0% Sugar with a Pure Intense Coffee Taste”.

Responding to the trend among the new generation of coffee lovers to drink black and iced coffee, the new variant is Thailand’s first café-style zero-sugar black coffee mix, offering the full taste and aroma of finely ground roasted Arabica coffee with no sweetness and only five calories.

Certified with the “Healthier Choice Logo, it’s a cold soluble coffee that is easy to prepare and great when served either iced or hot, according to the maker.

Nescafé Americano has also introduced Thanapob “Tor” Leeratanakajorn as its brand ambassador to reinforce the brand as the “coolest black drink for the new generation”.

The Thai bcoffee-mix market, valued at Bt16.2 billion, grew 5.1 per cent last year.

Nescafé established the two-in-one category when it launched Nescafé Americano in March last year.

It has been tremendously successful, receiving great feedback from the new generation of coffee drinkers, with 71 per cent of Nescafé Americano consumers aged 20 to 39, the company said.

The Americano and black coffee trend is also showing strong growth in other models.

At NESCAFÉ HUB@Chidlom, Iced Americano is the second best-selling beverage, while Nitro Americano is in fourth place.

For Nescafé Dolce Gusto, black coffee is the best-selling beverage with growth of over 31 per cent.

Victor Seah, chairman and chief executive officer of Nestlé Indochina, said on Tuesday: “Following the great response to Nescafé Americano, I am pleased that we are celebrating the launch of new Nescafé Americano Zero Sugar. It’s the coolest black drink with no sugar that meets Thai coffee lovers’ evolving preference for healthier black coffee … This product innovation is our latest SKU to be certified with the Healthier Choice Logo.

“It strengthens Nestlé’s position as the leading food and beverage company, with 48 SKUs certified with the Healthier Choice Logo, the highest number for any company in our category.”

Naritta Vipulyasekha, business manager – Nescafé Coffee Mixes; Nestlé (Thai), said: “Innovative new Nescafé Americano Zero Sugar is the result of our understanding the changing needs of the new generation of coffee drinkers who want a healthier choice for black and iced coffee. Based on our social listening, we discovered that there is consumer demand for Americano coffee that is not sweet and does not contain any sugar.”

Brand ambassador “Tor” Thanapob will convey the product concept of Nescafé Americano through a new commercial entitled “Cool You Down,” which airs from today on leading TV stations and digital platforms.

AirAsia introduces flights to India’s heritage capital, Ahmedabad

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AirAsia introduces flights to India’s heritage capital, Ahmedabad

Corporate April 09, 2019 18:15

By The Nation

AirAsia has launched a new route connecting Bangkok with Ahmedabad, India’s first Unesco World Heritage City.

The four-times a week service, available on Mondays, Wednesdays, Fridays and Sundays, kicks off on May 31 in a move to boost tourism in Thailand.

AirAsia is offering its BIG loyalty programme members a promotional one-way all-in-fare from THB1,990 for Bangkok-Ahmedabad tickets booked via airasia.com and the AirAsia mobile app from today until April 21, for travel between May 31 and February 4.

“India is a strategic market that is fast becoming an important contributor of inbound tourists for AirAsia Thailand. To fully leverage on this, we plan to regularly introduce routes connecting the two countries, focusing particularly on India’s burgeoning metros. Thailand’s own worldwide fame for hospitality should attract travellers from Ahmedabad, which is the capital of Gujarat state and India’s fifth most populous city,” AirAsia Thailand CEO Santisuk Klongchaiya said.

Thailand welcomed 1.5 million Indian visitors in 2018, up 12 per cent from the previous year, according to the Tourism and Sports Ministry.

AirAsia Thailand currently connects nine Indian cities with Bangkok, namely Chennai, Bengaluru, Kolkata, Jaipur, Kochi, Visakhapatnam, Bhubaneswar, Ahmedabad and Gaya (seasonal).

Grab plans rapid expansion throughout SE Asia in 2019

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Grab plans rapid expansion throughout SE Asia in 2019

Corporate April 09, 2019 16:16

By The Nation

Singapore based Grab Holdings Inc or Grab, a leading Southeast Asian leading app, has announced plans for rapid expansion in the region, including raising US$6.5 billion (Bt207 billion) in total capital by the end of this year.

Grab will also seek to invest aggressively, with a commitment to make at least six investments or acquisitions across the region this year. Underpinning Grab’s growth is the backing of SoftBank and other key strategic investors who have invested over US $4.5 billion in Grab’s current Series H round. Last month, Grab secured $1.46 billion investment from the SoftBank Vision Fund. Grab’s partnership with SoftBank runs deep, and the two companies have been working together since 2014.

“I met Masayoshi-san last week where he gave his unlimited support to power our growth,” Anthony Tan, Grab’s co-founder and CEO, said yesterday.

He added that the support from strategic investors like SoftBank and others, will allow the company to grow very aggressively this year across the verticals of payments, transport and food. At its current growth rates, the company expects to be four times bigger than its closest competitor in Indonesia and across the region by the end of the year as the company aims to emerge as the leading super app in Southeast Asia.

“We see massive opportunities to expand our business and continue to serve its customers, driver-partners and merchants across Southeast Asia,” Tan said.

Ming Maa, Grab president, shared details of the business outlook. “In line with the tremendous transformation that Southeast Asia is currently undergoing, the opportunity is ripe for us to further grow in domains like healthcare [and] financial services amongst others,” said Maa.

“Amongst other key markets, Indonesia in particular will see us invest a significant portion of fresh proceeds, where we are on track to be four-times larger than our nearest competitor and remain the leader in on-demand transport,” he added.

Grab’s Indonesian business is expanding rapidly, with revenue more than doubling in 2018.  Grab has 62 per cent of Indonesia’s ride-hailing market according to ABI Research. GrabFood is growing rapidly in Indonesia, operating in 178 Indonesian cities from 13 at the start of last year, with delivery volumes growing almost 10 times in 2018.

The past year has seen a significant expansion of the Grab ecosystem through partnerships with global industry leaders such as Toyota, Hyundai, Microsoft and Mastercard. Grab also inked partnerships with national champions and regional industry leaders like Thailand’s Central Group and Kasikornbank, Indonesia’s OVO, Bank BTN and Bank Mandiri, Singapore’s United Overseas Bank, Philippines’ SM Investment Corporation, Vietnam’s Moca and Malaysia’s Maybank, amongst others.

SRT invites private sector to develop land plot

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SRT invites private sector to develop land plot

Corporate April 09, 2019 01:00

By The Nation

2,552 Viewed

 The State Railways of Thailand (SRT) has invited the private sector to propose investments in the planned commercial development of the A land plot at Bangsue Grand Station.

The state agency will sell the bid documents from today until May 7, SRT acting governor Voravuth Mala.

The development of the A land plot, spread over 32 rai (5.12 hectares), is part of the state agency’s master plan for the Phaholyothin transportation centre development.

The A land plot is close to the grand station, which is expected to be completed and begin operations in January 2021.

Voravuth is confident that the project would receive overwhelming response from local and international bidders due to the high potential of the land plot. Many Thai companies are expected to join forces to form a consortia to bid for the project.

According to bidder qualification, they must have experience of developing at least two out of three real estate business types –retail business, hotels or office building – as the SRT needs bidders with direct business experience in these kinds of real estate development.

The SRT is confident that this key qualification will not create a barrier for bidding. It estimates that more than 100 Thai companies can meet this qualification.

The SRT reportedly aims to create a mixed-use project in the A plot area consisting of shops, restaurants, hotels and office buildings.

It will launch the bid under the Public-Private Joint Venture Act of 2013.

IEAT invests Bt900 million in Songkhla industrial estate

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IEAT invests Bt900 million in Songkhla industrial estate

Corporate April 09, 2019 01:00

By The Nation

2,570 Viewed

Industrial Estate Authority of Thailand or IEAT has set aside a Bt900 million investment budget to develop 629 rai (100 hectares) of land in the Songkhla special economic zone to create an industrial estate that will open in the year 2020, IEAT governor, Sonchint Pilouk, said recently.

She added that the IEAT expects the investment will result in new plants as Bt13.8 billion is invested by five companies in five sectors – food processing, rubber industrial, leather and garment industries, logistics, and home and electronic appliances.

The new industrial investments will create 3,400 jobs, she predicted.

Ingress to distribute robots for auto plants

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Ingress to distribute robots for auto plants

Corporate April 09, 2019 01:00

By The Nation

Automotive components manufacturing firm Ingress Industrial (Thailand) Plc has signed an agreement with a South Korea firm to distribute robots for use in manufacturing automobiles in plants in Thailand and other Asian countries including India, Malaysia and Indonesia.

The move is expected to boost sales growth at Ingress by up to 10 per cent in this year compared to 2018, the company’s chief executive officer Hamidi Bin Maulod said recently.

The company is reporting 2018 year-end total revenue at Bt3.19 billion, with Bt76.3 million in net profit. Up to 49 per cent of its total revenue came from its Malaysian subsidiary, the next 38.4 per cent from its business in Thailand, followed by 6.6 per cent from India and the remainder from Indonesia.

The company’s board of directors also approved a dividend of Bt0.052 per share, worth a total Bt75.2 million. An interim dividend of Bt0.026 per share was paid on January 11, 2019, with the remaining Bt0.026 per share to be paid on June 6, 2019, he said.

Huawei shrugs off US worries, looks towards the Asia Pacific

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 Bob Zhu, deputy general manager of Huawei Myanmar (centre), says Huawei will continue to grow further in the region (Photo Khine Kyaw, The Nation)
Bob Zhu, deputy general manager of Huawei Myanmar (centre), says Huawei will continue to grow further in the region (Photo Khine Kyaw, The Nation)

Huawei shrugs off US worries, looks towards the Asia Pacific

Corporate April 09, 2019 01:00

By   BY KHINE KYAW
THE NATION
YANGON

2,248 Viewed

DESPITE THE ongoing backwinds from the United States and some of its alliances, Chinese giant Huawei Technologies Co remains confident that it will continue to grow further in Asia Pacific region, according to Bob Zhu, deputy general manager of Huawei Myanmar.

Citing the annual report for 2018, Zhu told a press conference yesterday Huawei enjoyed 15.1 per cent year-on-year growth in the Asia Pacific region last year, resulting in the revenue of nearly US$12 billion.

“We do not have any concern over the potential impacts of the backwind from the US. So far, our business in Myanmar as well as in the region is growing well, even higher than the past few years,” he said.

“We have not witnessed any single sign of negative impacts in our business yet. Many of our corporate clients in Myanmar as well as in the region are so professional that they are wise enough to see the truth, when it comes to cyber security of Huawei products and solutions.”

Zhu said the trend would go on, as their clients from both public and private sectors continue to believe in Huawei’s offerings.

“The major difference between Myanmar and other Asean countries is that this country has a big population, and enjoyed very rapid economic growth over the past few years, when compared to others in the region,” he said.

“Myanmar enjoyed significant growth in the ICT industry in the past few years. Mobile penetration in Myanmar is currently around 100 per cent of the population, but only 20 per cent have access to 4G services. Broadband services account for only one per cent of the population so there is much room for improvement.”

He said both Myanmar and regional markets could not be interfered in by the US, provided that the demand for better, safer technology is on the rise in Asia Pacific.

“We do not mind being banned from the US market. But, they are trying to persuade other countries not to use Huawei’s offerings. It is a big problem for us,” he said.

“We still enjoy very good performance, and a stable growth. Millions of customers from most of the countries around the world still choose to trust us, and give us a lot of support. So, we believe this influence [by the US] will be smaller and smaller.”

Zhu said Huawei could maintain its healthy growth in Myanmar last year, like in other Asean countries. Its consumer business grew by 36 per cent, with more than 1 million smart devices sold in Myanmar. Enterprise and cloud business achieved many breakthroughs, and Huawei worked with KBZ bank to launch mobile money services which have served nearly 2 million users so far.

“Since 2018, when Huawei Cloud was introduced to Myanmar, many local enterprises across the industry are able to rapidly and efficiently deploy IT system and services,” he said.

“We will bring more products and solutions to Myanmar, on a par with other Asean countries. No one can stop Huawei, and we will be growing further locally, regionally and globally.”

Myanmar Voyages gearing up for a ride on tourism boom

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Thet Lwin Toh, managing director of Myanmar Voyages Co
Thet Lwin Toh, managing director of Myanmar Voyages Co

  Myanmar Voyages gearing up  for a ride on tourism boom

Corporate April 08, 2019 01:00

By KHINE KYAW
THE NATION
YANGON

2,723 Viewed

  IN VIEW of the Asian Development Bank’s projection that tourism will become a key driver of Myanmar’s economic growth in the next two years, Myanmar Voyages Co, the leading destination management company (DMC) in the country, is boosting its readiness to cash in on the tourism boom, said the firm’s managing director Thet Lwin Toh in an exclusive interview with The Nation in Yangon.

He said the firm would further invest in manpower, digital systems and accounting services to better serve the increasing volume of visitors coming to the country.

“We need to be ready for international visitors flocking to Myanmar. We must have enough capacity in place to serve more tourists if Myanmar is to become one of the top tourism destinations in Asia,” he said.

As part of the strategy to maintain its leadership in the destination management segment, the firm will boost its human capital and workforce over time.

“We have set our heart on doing well at the corporate level. Now, we are focusing on decentralisation, allowing all the line managers to freely make their own decisions on most of the important matters,” he said.

The firm currently has 60 employees with 75 per cent based in the company’s headquarters in Yangon while the rest work at its three branches in Bagan, Mandalay and Inle.

“We are constantly monitoring the latest developments in tourism . We will expand our team with the new generation, such as graduates from tourism study,” he said.

He stressed the importance of grooming local talents. In this regard, the firm provides in-house training to foster the personal development of its staff, and raises awareness on social and environmental problems industry players are facing.

“We have nurtured more than 120 professional service providers in the hospitality sector, and I personally give lectures on tourism at the National Management Degree College,” he said.

Thet Lwin Toh established a tour operations company in 1993, offering pilgrimage tours to India, Nepal, Sri Lanka and Thailand, and quickly became a pioneering outbound tourism operator. Three years later, he founded Myanmar Voyages Co to provide inbound and outbound exclusive tours.

The executive takes pride in becoming the pioneer in bringing Spanish, Northern Europe and South American visitors to Myanmar. As a Travelife certified company, it offers exclusive tours and logistic services such as aviation ground handling and port coordination.

Designed to delight all kind of visitors, the firm offers a wide range of packages from one-day excursions to multi-week tours including extension tours, short breaks, honeymoon trips, classic tours, luxury tours, leisure tours, adventure tours, trekking, balloon adventures, and day trips.

“Our experienced team is always ready to help customers design the trip of their dreams, customising the tours to their satisfaction,” he said.

“We believe that friendship comes before business. We aim to establish close and long-lasting relationships with our partners, trying our best to make them feel like a second family.”

According to the executive, Myanmar Voyages currently enjoys 10 to 20 per cent growth on a yearly basis. Inbound tourism and package tours will be the key driver of the firm’s growth in the near future, while it will also focus on cruise tourism, leisure tours and MICE (Meetings, incentives, conferences, and exhibitions). To date, the firm has provided personalised services to thousands of visitors coming to Myanmar via more than 120 luxury cruises and it has acquired more than half of the market shares in Myanmar’s cruise tourism.

In light of Myanmar’s Look East policy which aims to boost visitor arrivals from Eastern countries, Thet Lwin Toh foresees an increase in visitors from Japan, China, Korea and India in the next few months.

Yet, he considers zero dollar tours by some Chinese companies as a “growing threat” to Myanmar’s tourism industry.

“We have witnessed bold moves by tourism authorities to improve visitor arrivals by allowing visa-free travels and the visa-on-arrival scheme for some countries. It is a step in the right decision, and we expect it to continue,” he said.

“But, the authorities must be cautious about foreign tour operators taking advantages of our opening, and should take measures to protect the interest of locals.”

Former actress in a hurry to pass on her beauty secrets

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Trerak showcases her soap products at Mini Thailand Week 2019 Bago in Myanmar, which was held from March 28 to 31.
Trerak showcases her soap products at Mini Thailand Week 2019 Bago in Myanmar, which was held from March 28 to 31.

  Former actress in a hurry to pass on her beauty secrets

Corporate April 08, 2019 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION

3,843 Viewed

A WELL-KNOWN singer and actress of the 1990s, Trerak Rakkandee, has set up her own cosmetic and skincare company, aiming to be a major player in Asia.

The company, Tri Trerak Co Ltd, recently launched its ‘ME’ jigsaw soaps as the first product in its portfolio. The soaps target premium customers both in Thailand and abroad.

Since starting the business two months ago, the first lot of 50,000 pieces of ‘ME’ soaps have been sold domestically. The company has had new orders for more than 100,000 pieces, Trerak said.

“I think I’m professional about beauty. I’m 52, but still look young, and I would like to share this beauty secret with everyone,” said Trerak, the managing director of Tri Trerak Co Ltd.

“The main inspiration behind the launch of my own cosmetics and skincare firm is ‘ME’ and Thai women of all generations. I would like to share beauty secrets with Thai women. They are so beautiful and in good shape.

“This means they always take care of their beauty and health. And that makes me think about myself that I should never stop taking care of myself. This is why I came up with my product,” said Trerak.

She added that she expects her business to grow fast because she has come up with a niche product with very good branding.

“My brand will offer all skincare products as well as cosmetics in the future. It is my dream to create both cosmetics and skincare lines. I’m crazily in love with these products,” said Trerak.

“I am focusing on innovation and having a niche for all my products. I would like to have it as close to nature as possible,” said Trerak, adding, “I have the courage to do things differently.”

Trerak said she wants to create a strong brand with a clear concept, which is: ‘Boutique beauty is urban, unique, chic with the best quality’. Also, innovation of new products is the main key,” she said.

“I am blending all these together for my customers to see and feel the difference to have loyal customers in the future,” said Trerak. “With my ambition and dreams, I would like to see my business grow stronger and stronger. I will continue to produce innovative and boutique skincare products for everyone,” she added.

Trerak said that she is yet to export her products to other countries.

“At the moment, we are dealing with the buyers from Sri Lanka and Bahrain. We are working on the documentation, because those countries have strict regulations on the import of cosmetic products.”

She revealed that when she attended the Baan Lae Suan Fair last month, she was contacted by two well-known department stores such as Siam Discovery Center and Lotte Duty Free to present and sell her products in their department stores. “However, I have to manage and complete our shop within the next two months as promised,” she said.

Trerak said that she has been busy this month attending a business-matching platform in Myanmar. She is also preparing for another local fair called Style Bangkok and an international fair in Hong Kong. She is also setting up franchise stores in Chiang Mai and Phuket in the next two months, Trerak said.

Trerak said in the first year of operations, the company expects 70 of sales in the domestic market and 30 per cent from exports.

“Over the next three years, I expect to have 70 per cent of annual revenue from exports and 30 per cent from the domestic market,” she said.