Travel industry poised for boom in Asia Pacific

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30366876

x

Travel industry poised for boom in Asia Pacific

Real Estate April 01, 2019 01:00

By Somluck Srimalee
The Nation

The Asia Pacific region is expected to be the standout region from a growth standpoint, with hotel investment volumes forecast to grow by 15 per cent year on year in 2019, according to research by JLL’s Hotels Research team for Asia.

The research said that Japan is expected to be one of the most active markets in 2019, with investor sentiment driven by the 2019 Rugby World Cup and the 2020 Tokyo Olympic Games. Investment momentum will continue to rise as investors explore selling hotel assets to capitalise on the tourism boom.

Singapore is currently riding the wave of a boom in hotel land sales, which has reignited the interest of wouldbe sellers who are considering to sell their hotel properties. In a tightly held market such as Singapore, we expect to see heightened sales activity as owners exit at record prices and newcomers seek long-term strategic opportunities.

With sustained demand in international visitor arrivals, robust trading performance, continued infrastructure development and political stability, Bangkok, as well as its key resort markets of Phuket and Koh Samui will remain highly soughtafter by investors.

It would be another year of strong cross-border transactions activity for Australia, particularly in Sydney, Melbourne, Brisbane and Perth, which will remain firmly on the radar of the Asian buyers.

Lastly, we see Maldives taking the centrestage in the Indian Ocean as new capital sources enter the market in search of higher-yield opportunities as we witness several landmark sales likely to conclude during the course of the year.

The top three hotel trends in 2019 are:

Experience economy reaches the luxury sector: Modernday luxury consumers are increasingly seeking out experiences, placing less emphasis on acquiring material goods. Hotel markets are seeing strong demand for highend experiential luxury travel.

Hotels embracing coworking: There has been a strong demand for communal workspace as companies increasingly offer flexible working policies. Hotel operators are maximising real estate and boosting revenue by creatively repurposing existing, under-utilised spaces.

New brands a beacon for growth: With operating costs for fullservice hotels continuing to inch up, and development costs for those hotels with vast facilities dampening investment returns in many markets, we expect to see top companies launching new brands, focusing on development effort on their select brands to drive distribution.

Meanwhile, the latest research by Collier International says that the travel industry looks set to close the year on a high note, thanks in part to the insatiable wanderlust and bounce-back in corporate demand. Tourism arrivals to the Asia Pacific region are expected to grow by 6 per cent year on year in 2018, continuing a steady period of growth witnessed since 2010, as the middle-income population continues to soar across the region.

The growth momentum is expected to spill over into 2019, rising at a pace of circa 4.5 per cent with tourism arrivals in the region reaching record levels. Growth continues to be mainly driven by China and India with the latter set to expand as its gross domestic product per capita improves along with its robust economic growth.

Revenue per available room (RevPAR) growth in the region is closely correlated to that of economic performance in Emerging and Developing Asia. This highlights the importance of intraregional and domestic tourism to destinations, the latter of which is sometimes overlooked.

According to STR, RevPAR (in US dollar terms) across Asia Pacific improved by a robust 5.7 per cent year to date August 2018, with China, Indonesia, Thailand and Vietnam being the main drivers. Myanmar and Taiwan were the worst performing markets.

Thailand set to get The Standard brand hotels

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30366875

  • A swimming pool with underground music at The Standard Miami.
  • Night club with a swimming pool named “Le Bain” at the Standard Highline.
  • Amar Lalvani
  • The Standard London at Kings Cross will open in June this year.

Thailand set to get The Standard  brand hotels

Real Estate April 01, 2019 01:00

By Somluck Srimalee
The Nation
Hong Kong

Firm eyes hotel management in four cities,  teams up with Thai developer Sansiri

US-based Standard International, the parent company of The Standard Hotels and the Bunkhouse Group, plans to manage four new hotels in Thailand in view of the continuous growth in tourist arrivals in the country, the company’s chief executive officer Amar Lalvani said in an interview with the Nation last week.

The four hotels in Thailand to come under The Standard brand will be located in Bangkok, Phuket, Pattaya, and Hua Hin.

The move in Thailand is the first step of its plan to add 15 new hotels to its management rights, under which properties in 12 Asian and European cities will come under The Standard brand including Bangkok, Phuket, Pattaya, Hua Hin, London, Paris, Lisbon, Mexico City, Chicago, the Maldives and Jakarta.

Three other new properties in Austin, New Orleans, and Atlanta will operate as Bunkhouse hotels.

The first hotel in Thailand, to be managed by Standard International, will open in Phuket in 2021, followed by three others in Hua Hin, Pattaya and Bangkok. The four projects will create 1,000 jobs, Lalvani said.

Meanwhile, The Standard London at Kings Cross will open in June, followed by the property in Maldives in the third quarter, he said.

The company currently manages five hotels under The Standard brand and seven under Bunkhouse in the US.

Under the plan, the company will have 27 hotels under its management by 2023 with 3,000 rooms, from the 1,200 rooms it currently handle: 1,000 under The Standard, 200 under Bunkhouse.

It will also increase the annual revenue of the company’s hotel business from $200 million last year to $500 million in 2023, based on an average occupancy rate of 75 per cent. The 12 hotels currently under its management record an average occupancy rate of 85 per cent, he said.

“We will take 5 per cent of the new hotels’ total revenue as the manager and not owners of the properties,” Lalvani said.

The company started expanding in Asia and Europe when market opportunities emerged.

In Thailand, it has teamed up with Thai developer Sansiri Plc, which holds a 35 per cent stake in Standard International , he said.

Sansiri will invest in the development of three hotels in Hua Hin, Bangkok, and Pattaya, to be managed by Standard International. Though the Phuket hotel will be built by another property company, Sansiri plans to develop residential projects in its proximity.

“At the moment, we cannot say how much we will invest in the hotel and residential projects in Hua Hin, Bangkok, Pattaya and Phuket. We have yet to finalise the overall plan, aimed at generating recurring income to our business under a new model,” said Sansiri president Srettha Thavisin.

“The Thai election will have no impact on our business expansion in Thailand, given the growing demand for hotel accommodations,” Lalvani  said, adding that the company is also pursuing opportunities in China, Japan, India and Australia.

“If ongoing negotiations succeed in the four countries, the company could have more than 15 new hotels under its management by 2030,” said  Lalvani.

The company plans to launch a new service under a new brand this year to provide consultancy and support to hotels in need of renovation or extending their properties.

“We will offer our expertise on renovation, decoration and management. This is the new model to expand our business,” he said.

New apps

The company has invested US$1 million (Bt32 million) in two new apps for the hospitality industry, after successfully launching “One Night”, the hotel booking app developed by a startup.

The new app is “Lobby”, designed for hotel guests to connect with employees for various purposes. It is now in use at The Standard hotels in the US and could be made available to other premises.

“Hey Stan” is the other new app, designed for room services. It will come into use this year.

“We have a team of four working on application development to constantly enhance our service. Customers want new experience and the convenience of using apps for all their needs during their stay at a hotel. Developing applications and new business models are our way to move forward. This is why people enjoy staying at hotels under The Standard and Bunkhouse brands,” Lalvani said.

CP Land plans Bt4 billion worth of investments in 2019

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30366767

x

CP Land plans Bt4 billion worth of investments in 2019

Real Estate March 29, 2019 12:39

By Somluck Srimalee
The Nation

2,328 Viewed

CP Land Co Ltd, a property arm of Charoen Pokphand Group, plans to invest up to Bt4 billion this year, chiefly in the development of residential projects, office buildings, hotels, industrial estates and alternative energy.

Chief executive officer Sunthorn Arunanondchai said on Friday the company expected the investments to earn a net profit nearly matching that of last year – about Bt900 million.

“This year there is less property for sale than last year, when market demand dropped, but we have recurring income from offices, hotels and property management fees,” he said.

EXIM enables Thai investment in Vietnam’s renewable energy

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366911

x

EXIM enables Thai investment in Vietnam’s renewable energy

Corporate April 01, 2019 11:39

By The Nation

Export-Import Bank of Thailand (EXIM Thailand) has extended US$65 million in credit to Eastern Power Group Plc and Communication & System Solution Plc to finance the construction of two solar-power plants in Phu Yen, Vietnam, with a combined generating capacity of around 100 megawatts.

EXIM president Pisit Serewiwattana said the support was intended to encourage Thai investment in renewable-energy projects in response to increasing demand from both the public and private sectors in Vietnam after the government liberalised the business.

With solar-power generation in Vietnam targeted to leap from 850MW in 2020 to 12,000MW within 10 years, EXIM Thailand has built relationships with leading banks there to manage risks and resolve restrictions.

“EXIM Thailand’s financial support is in line with Thai government policy of accelerated promotion of Asean connectivity and the expansion of economic cooperation with neighbouring countries,” Pisit said.

“EXIM Thailand also has a strategy to connect Thailand to the world through international trade and investment. We have strived to explore and create trade and investment opportunities for Thai entrepreneurs overseas, particularly in CLMV – Cambodia, Laos, Myanmar and Vietnam – which are new frontier markets with high potential.

“EXIM Thailand is ready to take the lead in filling the existing business, financial and knowledge-base gaps,” he said. “We are also well positioned to work with public and private entities both at home and overseas to boost Thai entrepreneurs’ competitiveness in the move toward Thai and Asian development on a sustainable basis.”

INGRS to pay full year dividend

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366910

x

INGRS to pay full year dividend

Corporate April 01, 2019 11:27

By The Nation

The board of listed auto parts maker Ingress Industrial Thailand (INGRS) has approved payment of a full year’s dividend of Bt0.052 per share, totaling Bt75.24 million to all shareholders after the company reported total revenue Bt3.19 billion for 2018, up 10 per cent from 2017, the company’s chief executive officer Hamidi Bin Maulod said on Monday.

He added that the growth could be attributed to higher sales in subsidiaries in 3 countries. Indian subsidiaries recorded higher revenue of Bt187 million, while Thailand and Indonesian subsidiaries showed higher revenues of Bt57 million and Bt49 million, respectively.

Of the total revenue, 49 per cent came from Malaysian subsidiaries, 38 per cent from Thailand, 7 per cent from Indonesia and 6 per cent from India. The Company showed a net profit of Bt76.3 million, a drop of 48.13 per cent from its net profit of Bt147.1 million in 2017.This is due to the much lower net profit of Malaysian subsidiaries, affected mainly by Proton customers, and a Bt27.5 million increase in tax expenses.

However, the Company’s Board of Director has approved payment of full year dividend of Bt0.052 per share, totaling Bt75.24 million, to all shareholders. This shows a dividend payment ratio of 142.6 per cent of net profit after tax and minority interest. It also presents a high 7.6 per cent dividend yield. Having paid half of the dividend during the year, the company will pay the remaining dividend of Bt0.026 per share on June 6 2019, using the record date of April 18, 2019.

In terms of business fundamentals, INGRS has continued to expand business in major countries in Asia, namely India, Thailand, Indonesia and Malaysia. India is one of the fastest-growing automotive markets with more 5 million cars produced, a 9 per cent increase over the previous year. INGRS plans to launch more new products alongside the current moulding parts as well as seek new OEM customers to generate higher revenues from India.

True Move pays third installment on 900 MHz band

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366908

True Move pays third installment on 900 MHz band

Breaking News April 01, 2019 11:15

By The Nation

True Move H Universal Communication has paid the third installment owed on the auction of 900 MHz worth Bt4.3 billion to the National Broadcasting and Telecommunications or NBTC, the NBTC’s secretary-general Takorn Tantasith said on Monday.

He added that True had also provided a letter of guarantee from the commercial bank covering the remainder of the installment worth Bt64.43 billion in line with the terms of the auction’s condition.

The last installment of Bt64.43 billion would be paid on March 31, 2020, he said.

Remittance scheme for Myanmar migrant workers introduced

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366906

Remittance scheme for Myanmar migrant workers introduced

Corporate April 01, 2019 10:51

By The Nation

Krungthai Bank, Everex and Shwe Bank have signed an agreement on a Thai-Myanmar cross-border remittance service.

Rawin Boonyanusasna, Senior Executive Vice President – Head of Global Markets Group of Krungthai Bank, Alex Lane, CEO of EVX Holdings, and Thein Zaw, Executive Vice Chairman of Shwe Rural & Urban Development Bank signed a Letter of Intent for the provision of Thailand-Myanmar cross-border money transfer services for Myanmar workers.

The service is called “Krungthai Bank and Shwe Bank Remittance powered by Everex”.

This joint service allows customers to transfer money conveniently anywhere, anytime, via a mobile application with competitive exchange rates. For the recipients’ convenience, the funds can be delivered through three channels: 1.Home delivery 2. Cash pick up at Shwe Bank branches and 3. Direct deposit to Shwe Bank accounts. For home delivery, the delivery fee is Bt50 per transaction to non-conflict areas of Myanmar, Rawin said.

The bank strongly believes that this new service will meet Myanmar workers’ needs for convenient cross-border remittance services. It will make it easier for them to gain access to official financial services provided by banks. They only need to download and register the wallet application and top up money to E-Wallet at “Krungthai on the Move”, the bank’s mobile branch units, which will reach out to the Myanmar community or their workplaces with staff who can provide assistance in the Myanmar language. The service will be officially piloted this June. On top of this remittance service, Krungthai Bank also offers other payments and money transfer products. Among them is Krungthai bank’s Travel Card which covers 11 major currencies and cross-border payments via NETs in Singapore, he said.

Sending out the right SIGNALS

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366798

 Pratthana Leelapanang
Pratthana Leelapanang

Sending out the right SIGNALS

Corporate March 30, 2019 01:00

By ASINA PORNWASIN
THE NATION WEEKEND

ADVANCED Info Service PLC (AIS) is the largest mobile phone operator in Thailand, with some 41 million subscribers, but it is Pratthana Leelapanang’s job to ensure the company maintains its edge in marketing.

Pratthana, the chief consumer business officer, is leading the company’s consumer-facing efforts in the midst of the digital disruption that is sweeping across the industry.

It helps that AIS has the largest mobile network coverage in the country, At the end of the fourth quarter of 2018, it boasted 41.1 million subscribers, of whom 32.98 million were prepaid users.

The digital disruption that Pratthana, 46, is contending with is changing the way companies do business and how people live.

AIS has charged him with the task of ensuring that the company continues its success in this most challenging of business environments.

He says that he is a product of the AIS Institute, which provides opportunities for the employees with diverse training sessions.

He has been working at the company for 23 years and has been the beneficiary of AIS’ training programmes.

Pratthana has a strong background in engineering. He graduated with a master of science degree in electrical engineering and in system science and mathematics from Washington University in the United States. He had earlier graduated from the General and Advance Management Programme of Harvard Business School.

After joining AIS in 1996, he has risen steadily up the ranks and, in his current position, oversees consumer products and services, consumer marketing, retail and distribution business, communication, digital advertising, and digital distribution as well as mobile payment business.

“When I started my first job at AIS, the company had only 1 million subscribers. At the time, it was an analog system. I worked as an engineer in base station planning,” Pratthana says.

He has always been given a lot of chances to work in new areas and learn new things.

For example, with AIS’ rapid growth under way, he had the chance to learn the operation maintenance process, which amounted to AIS’ first re-engineering. That enabled him to work with all 500 network and base station engineers nationwide and he also worked closely with engineers from many European companies.

Then, when the company started prepaid services, the subscribers base grew rapidly grew and he |went on to oversee the value-added service.

In 2004, when AIS began experimenting with different types of services, marked by the launch of Future Lab and its non-voice department, he moved from engineering to the commercial field, In particular, he oversaw strategic planning in areas including service and product development.

“At that time, SMS was still the main source of non-voice revenue. But we realised that we needed to develop new non-voice services. This encompassed efforts in marketing, service development and partner management,” Pratthana says.

Five years ago, he became the executive vice president for marketing and acting chief marketing officer. It was when AIS separated its enterprise and business units that he became chief consumer business officer, two years ago.

“Other people might change jobs and work for a different company to advance in their career path,” he says. “At AIS, the company gives chances to employees to move up by changing the tasks and rotating within the company, as was the case with myself.

“I always changed tasks and responsibilities while moving up at all times. I underwent training, learnt and practised as I kept advancing.”

One training program that he found particularly useful was that known as the individual development plan. He was assigned a personal coach and was given training with Singtel.

He says his 23 years have passed quickly at the company, as he has always enjoyed the work. And, he says, there are still many more things he aspires to do.

Pratthana credits the work environment for the successes he has enjoyed.

“At AIS, the boss and the colleagues work together like family members under the same working standard with criteria such as a balance score card and KPI management,” he says, referring to human resources yardsticks.

. “To be a good leader provides me with the greatest challenge. It is more difficult than engineering tasks. You need to understand people and be able to inspire them.”

“Everyone needs respect, not matter who they are or how old they are. As a leader, I encourage all my staff to be a part of the team. I try to understand all of them as individuals and subject them to fair management. I need to blend the goals of the company with the goals of the team.”

Pratthana believes that the application of management tools, with proper practice, is fundamental in leading a team to achieve its goals.

“I always strive to be a good team leader who has multi-disciplinary knowledge – from the financial side to marketing and management as well as team coaching,” he says.

“The individual development plan, as a training model, is the most important tool to encourage people to set their goals and create a solid self-development plan.

“When occupying a senior position, leaders potentially have a lot of information and can quickly synthesise this material in thinking over and making decisions. But sometimes, there can be failures, when nobody dares to warn the boss of a problem. This can be a trap.

“In a time when everything is always changing, no one can guarantee the success of every management formula. This reality presents a challenge for everyone.”

His management style entails dividing his time into three parts, ensuring he spends equal time with the customers, internal coordinators and the team.

“A good manager should not have more than nine people in his span of control,” he says. “Under my management, there are about 1,000 people, and I usually spend one day a week to meet and talk one-on-one with members of the teams.

“I believes that one-on-one conversation is more efficient than a meeting, in terms of fostering a deep understanding with my staff in finding ways to improve the team. This does not mean that a good manager does not hold meetings.

“But a one-on-one conversation, personally, with my team helps me to understand them well and in this way I can encourage them to improve their work. My team’s success means my success and that equates to the company’s success, eventually.”

Above all, he says, the biggest challenge is to ensure business growth for the company.

“AIS aims to be a digital service provider that offers services beyond just a mobile network, taking in mobile services, broadband services and digital services.

“AIS will engage more with customers to ensure they use more than one service and still have satisfaction with the services, while increasing the number of services they usually use.”

As a digital service provider, AIS offers its own digital services including videos, e-money, cloud and the Internet of Things, along with mobile Internet, Wi-Fi and broadband Internet. Also, it plays a role as the digital platform that connects services from partners to its 41 million subscribers.

“The market size of digital services is huge. To tap the market, we need to increase our Internet user portion from currently 65 per cent of 41 million subscribers to be at least 70 per cent in the near future,” he says.

“AIS has been transforming towards to the reality of digital disruption. We need to focus on data analytics, artificial intelligence, machine learning, and new online skill sets.

“We aim to be a digital service provider that over the next three to five years will have 10 to 20 million people use more than one of our services every day.

“Top service providers such as Facebook, Line and YouTube have come with a new business mode that offers free service to attract massive numbers of users.

“These kind of businesses have do fundraising to develop services and operate their platform as a free service for users. They aim to gain users and then monetise their operations later. Their business model comes underpinned by technology and data analytics. If there are other these kind of services with better quality out there, users might move to the new platforms.”

AIS also operates infrastructure for over-the-top service providers.

“The company knows well the behaviour of users who use over-the-top services and, importantly, it has a billing relationship with users. Therefore, it will utilise this strength to further expand business monetisation,” he says.

“We are very close to our users. We know who they are, where they live, what their favourite services are. We have all this data. The challenge is how we utilise this, since we see there is plenty of competition.

“Our business model is to gain money from the use of the network. The mobile network is almost a mature market and has less margins, so we need to expand into other emerging services that can generate revenue.”

Pratthana says the advent of 5G comes as a new chapter for both operators and the country to move forwards.

“Every business is driven by digital communication, both wired and wireless networks, to differentiate their services,” he says.

“With its infrastructure provision, AIS aims to be a part of the drive that will take the country forward towards digital transformation.

“We offer innovation to businesses and to people to enable them to improve their businesses and their ways of living. Much work still has to be done.”

TARAD.com transforms business, offering U-Commerce service to SMEs for free

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366795

  • Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group
  • Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group and Kullapong Bunnag

TARAD.com transforms business, offering U-Commerce service to SMEs for free

Corporate March 29, 2019 18:15

By The Nation

2,562 Viewed

TARAD.com, the leading e-commerce services provider in Thailand, announced today a business transformation from an E-marketplace to an integrated e-commerce services provider, according to its press release.

As part of the new model, TARAD.com partnered with other nation-leading e-commerce companies to

facilitate online sellers in channel management with its new service, “U-Commerce.”

Pawoot Pongvitayapanu, Founder and Managing Director of TARAD Group, said, “E-commerce market in Thailand has seen a massive growth this year with total market value of the Bt3.15 trillion or 14.04 per cent increase from last year.

With the ever-rising number of internet users in Thailand at 45 million people, we expect to see more expansion within e-commerce market as brands switch to online shopping. The main e-commerce platforms that are popular among Thai sellers are on brand official websites, E-marketplaces such as Shopee or Lazada, and on social commerce such as Facebook and Instagram.

With extensive experience in e-commerce business in Thailand for over 20 years, TARAD.com noticed the intense competition in E-marketplace business from the coming of big international players and digital transformation.

However, e-commerce business in Thailand still lacks a well-rounded service provider.

Seeing this business gap, the company decided to grab this opportunity and transform its business into an integrated e-commerce services provider called TARAD Group.

Tagging along the new model, the company also announced a new service called ‘U-Commerce’ which is a product from a joint venture with various leading companies, allowing TARAD Group to be able to provide all-in-one services such as E-Commerce, E-Payment, E-Logistics & Fulfillment, and Online Advertising to Thai SMEs.

TARAD Group has a mission to create the most well-rounded ECO-System for online commerce to enable Thai small and medium SMEs to efficiently compete with other big players in the market.

Therefore, U-Commerce will allow users to easily manage their online stores in one place by connecting them together.

For instance, U-Commerce can connect E-Marketplace such as Lazada and Shopee with social media and users’ websites, connect with E-Payment and allows users to easily pay through credit cards, debit cards, in installments, or offline such as Prompt Pay or Pay Solutions, connect with more than 10 logistics company through SHIPPOP.com and warehouse & courier service from SiamOutlet.com, and also offer complete online advertising services with partners such as Google, Facebook, and Line.

These services will reduce the complexity of store management and allow U-Commerce’s clients, especially SMEs, to effectively compete with the vigorous competition in the e-commerce world.

U-Commerce is now available for free. For more information visit http://www.tarad.com or call 02-515-2300 and LINE@: @TARADnet

Grab signs MoU with NIDA to drive technology

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30366794

Grab signs MoU with NIDA to drive technology

Corporate March 29, 2019 17:43

By The Nation

Grab Thailand have signed a memorandum of understanding with the National Institute of Development Administration (NIDA) to drive technological advancement through collaboration on education and academic research.

A press release on Friday said that under the MoU, Grab Thailand and NIDA will work together to exchange and enhance knowledge sharing as well as academic studies covering a wide range of topics including society, economy, transportation, tourism – which align with national policy and plans for the development of digitality that will benefit all aspects of the nation.

The cooperation also aims to cultivate integrated learning methods in tandem with the digitised world.

The signing ceremony took place during NIDA’s 2019 national conference titled “Thailand Transformation for Sustainable Growth”, which also marked the Institute’s 53rd anniversary.

Professor Dr. Kamphol Panyagometh, NIDA president, said: “This is another important milestone for NIDA as it enhances knowledge sharing with Grab Thailand, a leading technology company that is unparalleled in terms of data, innovations and state-of-the-art management systems.

“The collaboration will drive knowledge sharing to its maximum capacity whether in class, research or in workshops. By unlocking the full potential of technology, we can also improve our human resources in response to the demands of the digital era and drive the economy, society and the country forward to further development and sustainable competitiveness on the global stage.”

Tarin Thaniyavarn, Country Head of Grab Thailand, said: “Together, through the exchange of learning, data insights, innovations and first-hand experience from our executives, we will support the technological advancement of Thailand.

“Grab is SEA’s leading super app and technology company which is well-positioned to provide support to NIDA both in terms of education and academic research. Most importantly, this cooperation also supports the government’s policy to promote the use of technology for national development in areas related to society, the economy, transportation and tourism.”