SCB 10X Appoints Mukaya (Tai) Panich as The New CEO 

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https://www.nationthailand.com/business/40018587


SCB 10X, a company under the SCB X Group, announces the appointment of Mukya (South) Panich as Chief Executive Officer (CEO), effective August 1, 2022.

SCB 10X Appoints Mukaya (Tai) Panich as The New CEO 

SCB 10X, (https://scb10x.com/), the digital technology investment and venture building arm of SCBX, announced the appointment of Mukaya (Tai) Panich as its new CEO, succeeding former CEO, Arak Sutivong.

She will continue to hold the position of Chief Venture and Investment Officer, along with the newly appointed CEO position.

SCB 10X also announced the promotion of Pailin (Pie) Vichakul, SCB 10X’s Partner & Head of Strategic Planning to Chief Operating Officer, who will report directly to Tai. 

Under Tai’s stewardship, SCB 10X will continue to focus on two main strategic pillars: Venture Capital – investing in disruptive technology startups with strategic and financial returns to SCBX, and Venture Building – building ventures in exponential technology growth areas of Blockchain, DeFi, Web 3.0, Metaverse, and Deep Tech.  

Tai will lead SCB 10X’s initiatives to invest in and build the ecosystem of disruptive technologies in Southeast Asia and continue growing the SCB 10X team to achieve their moonshot mission.

The appointment of Tai as the CEO of one of Southeast Asia’s most active venture firms is a historic moment for women in finance.

According to a report from PitchBook, women today account for only 15 per cent of general partners at venture capital firms. PitchBook data also shows that less than 10 per cent of decision-makers at VC firms are women and more than 70 per cent of U.S. VC firms have zero female investors. 

SCB 10X Appoints Mukaya (Tai) Panich as The New CEO 

Tai joined SCB 10X in early 2020 as its Chief Venture and Investment Officer. In this role, Tai spearheaded SCB 10X investment globally, and in addition, built an extensive community of ecosystem partners worldwide.

She has organized and hosted several successful industry events, bringing together the most influential builders in Blockchain, DeFi, Web 3.0 and Metaverse for dedicated discussions on the industry’s most pressing issues. 

An engineer by background, Tai brought over 20 years of experience working and investing in the technology sectors in Silicon Valley, New York, and Singapore to her position at SCB 10X. Under Tai’s stewardship, Siam Commercial Bank gained global recognition as One of the Most Active Banks in Crypto Among Global Banks by Dove Metrics.

Her work in the global Crypto, DeFi and Web 3.0 ecosystem has gained her recognition as a Top Female Decision Maker at SEA-Based VCs by DealStreetAsia, Top Global Corporate Venturing Emerging Leader by GCV Institute, and a Global Top Corporate Venture Capitalists by CB Insights.  

Tai graduated with honours from MIT where she earned Bachelor’s and Master’s degrees in Electrical Engineering and Computer Science. She subsequently received an MBA from Harvard Business School.  

Tai was the recipient of the prestigious King Scholarship from the King of Thailand to study abroad at the Undergraduate level. 

About SCB 10X
SCB 10X Co., Ltd. is a holding company of the SCBX Group, and was established in January
2020 with a “moonshot mission” to achieve exponential growth through technology innovation and investment with a focus on disruptive technology, Blockchain, Metaverse, Web 3.0, and Deep Tech via its two pillars: Venture Capital and Venture Builder. 

SCB 10X Appoints Mukaya (Tai) Panich as The New CEO 

Published : August 07, 2022

Night Edge Pictures promises blood, sweat and thrills with new horror banner

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https://www.nationthailand.com/business/40018564


Night Edge Pictures Chief Operating Officer Hans Audric Estialbo to bring blood, sweat and thrills with its new line-up of horror and thriller titles

Night Edge Pictures promises blood, sweat and thrills with new horror banner

In its official opening, Night Edge Pictures, led by Chief Operating Officer Hans Audric Estialbo, promised to bring emotionally generous stories back to the cinemas with a slate of horror and thriller films coming out starting August 2002.

“Behind every scream, every flicker of the lamp, every jump scare is an emotionally generous story waiting to be heard, seen and told. Night Edge Pictures is a celebration of just that,” said Hans during the Night Edge Secret Society: Unmasking of Night Edge Pictures event held at Lido Connect on August 4.

While some critics and moviegoers see ghost stories as tired and overdone, Hans believes that Southeast Asian horror remains an oasis of universal yet extremely unique stories that thrill the global market. At the turn of the millennium, Thai and Southeast Asian horror movies, along with the so-called ‘pan-Asian’ co-productions attempted to combat Hollywood dominance through technically polished movies with both local and international appeal, and while it may have taken more than 20 years for Asian genre films to find and establish their niche, many genre film fans hold Asian genre films close to their hearts because of their approach to authenticity and quality. Surely, Hans believes that there is much more to come, particularly from Thailand and its neighboring Southeast Asian countries as investors and producers seek to capitalize on the commercial success of those who have paved the way.

Night Edge Pictures promises blood, sweat and thrills with new horror bannerIn parallel to producing its own original slate of films and series, Night Edge Pictures will start with what it calls “future cult favorites”, starting with You are not my Mother, Official Selection at Midnight Madness in the 2021 Toronto International Film Festival. Ingeniously marketed in Thailand with a Mother’s Day release date during the August 11 weekend, this directorial debut from Kate Dolan, award-winning Dublin International Film Festival and Gérardmer Film Festival writer-director, seamlessly blends Irish folklore and psychological illness in a deliciously baked cake.

Night Edge Pictures promises blood, sweat and thrills with new horror bannerFor the rest of 2022, Night Edge Pictures is set to release XYZ Films’ Nocebo starring Eva Green and Mark Strong as well as Official Fantasia Festival Selection Moloch, and Trustnordisk’s multi-awarded thriller Speak No Evil.

“The future looks bright for Night Edge Pictures as our unique positioning in the Thai market would allow us to zone in on one of the best performing genres in Asian cinema, and what is arguably one of Thailand’s key assets in its storytelling arsenal,” continued Hans.

Night Edge Pictures promises blood, sweat and thrills with new horror bannerWith a combined tenure of almost two decades in advertising, marketing, film, TV, PR and luxury retail, Hans hails from the independent film scene. With two Master’s Degrees from Toulouse School of Management in France and College of Management, Mahidol University in Thailand, and an undeniable passion for storytelling, Hans helms Night Edge Pictures in creating a platform for future storytellers, creative and producers to tell stories that thrill the new generation of audience.

For more information about Night Edge Pictures, visit nightedgepictures.com or follow @nightedgepictures on Facebook, Instagram and Twitter.
 

Published : August 06, 2022

MG won “No.1 Brand Thailand 2021-2022” award in EV Car

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SAIC Motor-CP and MG Sales (Thailand), the manufacturer and distributor of MG cars in Thailand, reaffirmed its position as the most favourite choice among consumers by winning the “No.1 Brand Thailand 2021 – 2022” award in the EV Car category.

MG won "No.1 Brand Thailand 2021-2022" award in EV Car

The award serves as a guarantee of confidence as the recognized leader in electric vehicles in Thailand.

The company is also ready to bring to perfection the country’s automotive innovation and the development of the EV ecosystem.

Having been the pioneer of electric vehicles in Thailand for the past four years, MG is guaranteed as the true leader in electric vehicles after winning various awards from leading organizations.

Most recently, MG won the “No.1 Brand Thailand 2021 – 2022” award in the EV Car category from MARKETEER magazine in collaboration with Kadence International (Thailand) and Marketing Move which conducted a survey on 5,500 products and services among Thai consumers in the past year.

Pongsak Lertruedeewattanavong, Vice President of MG Sales (Thailand) Company Limited, said “This achievement reflects the company’s determination to develop and introduce cutting-edge automobiles which also come with outstanding design, not to mention MG’s contribution to the development of the automotive industry especially the effort to drive Thailand’s towards a full-fledged EV society. MG has not only introduced electric vehicles and innovations but also fully support the country’s EV ecosystem in various dimensions including the installation of over 150 MG SUPER CHARGE stations nationwide, the distribution of knowledge and understanding with regard to electric vehicles among the new generation as well as a construction plan for the battery manufacturing and recycling plant. All these factors will enable Thailand’s EV industry to continually expand and allow Thai people easier access to electric vehicles. With that said, MG strongly believes that Thailand will be able to become a hub for EV, trusted by international investors, while also following the Green Economy principle.”

“Currently, MG has delivered more than 4,000 EV units of both MG ZS EV and MG EP. This is a solid proof of recognition among Thai customers. The company will continue to introduce EV models that offer not just driving comfort but also ultimate performance, outstanding design, and safety in every journey.”

MG won "No.1 Brand Thailand 2021-2022" award in EV Car
MG won "No.1 Brand Thailand 2021-2022" award in EV Car
MG won "No.1 Brand Thailand 2021-2022" award in EV Car

Published : August 05, 2022

By : Reuters

MedPark Hospital reaffirms commitment to environmental sustainability with LEED Gold Certification

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Prof. Dr Sin Anuras, Dr Pongpat Patanavanich together with MedPark Hospital Management Team welcomed Rohith Ravula, Associate Director – Market Development of Green Business Certification Inc. (GBIC) to officially deliver LEED Gold Certification on Thursday

MedPark Hospital reaffirms commitment to environmental sustainability with LEED Gold Certification

LEED is the most widely used green building rating system worldwide.

LEED certification, managed by U.S. Green Building Council, is an internationally recognized symbol of sustainability achievement of a commitment to creating healthy, highly efficient and cost-saving green buildings.

To date, MedPark Hospital is the only hospital in Thailand to receive LEED Gold Certification version 4, the latest version, with the highest average score of 65.

MedPark Hospital is a collective endeavour of highly experienced multispecialty doctors in diversified medical fields with the vision to become the medical destination in ASEAN for high acuity patients and patients with complex diseases. 

MedPark’s building design and construction are to responsibly and sustainably co-exist with its neighbours and the earth. Most importantly, many environmentally friendly decisions made contribute to helping patients reduce stress levels and improve healthcare outcomes.

MedPark Hospital reaffirms commitment to environmental sustainability with LEED Gold Certification
MedPark Hospital reaffirms commitment to environmental sustainability with LEED Gold Certification

Published : August 05, 2022

Green energy firm Tha Chang unveils roadmap as it prepares to list on SET

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https://www.nationthailand.com/business/40018553


Tha Chang Green Energy (TGE), Thailand’s green energy firm, has revealed its growth roadmap, with the goal of being at the forefront of the country’s new energy industry.

Green energy firm Tha Chang unveils roadmap as it prepares to list on SET

The company aims to play a leading role in steering the country towards the global mega-trend of being environmentally friendly.

The disclosure at Thursday’s online press conference also comes at a time when the company is preparing to list on the Stock Exchange of Thailand and launch its first initial public offering (IPO) next week.

Pongnarin Wansuwankul, chairman of the TGE’s executive committee, stated that the plan sets growth targets for the short, medium, and long term so that investors can be assured their investment in TGE will yield returns.

The firm’s earnings at present are derived from three biomass power generation plants in Surat Thani province. To generate electricity, the plants burned agricultural waste such as palm leaves and wood chips from rubber farms.

The biomass power plants have a total capacity of 29.7 megawatts. 

Green energy firm Tha Chang unveils roadmap as it prepares to list on SET

TGE has already signed a contract with the Electricity Generating Authority of Thailand to sell 20.3MW under the Feed-in Tariff condition, with the remainder going to Tha Chang Group, a subsidiary of the company’s palm oil business.

TGE sells water and steam, which are byproducts of electricity generation, in addition to selling electricity.

Meanwhile, three municipal solid-waste power generation plants with a total installed capacity of 22MW are under construction in Sa Kaew, Ratchaburi, and Chumphon provinces. These plants will be ready to generate electricity for nearby communities in 2024.

Green energy firm Tha Chang unveils roadmap as it prepares to list on SET

TGE’s chief executive officer, Sakda Siripatsophon, stated that the company intends to build more biomass power generation and municipal solid-waste power generation to reach a capacity of 200MW within the next decade. Currently, the total electricity capacity is at 51.7MW.

Ratchada Klewpatinond, managing director of Investment Banking Division 2 at KGI Securities (Thailand), revealed that TGE’s IPO will be available for purchase from August 9 to August 11.

The price per share is set at 2 baht, with a target to raise 1.2 billion baht. Sixty per cent of the funds will be used to develop and improve its green power generation and the remaining 40 per cent will be used to pay off the loan and working capital, said Ratchada.

Published : August 05, 2022

By : Nongluck Ajanapanya

Lack of Suitable and Skilled Talent is the Biggest Challenge Faced by Thai Organisations in Driving Digital Agility 

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https://www.nationthailand.com/blogs/business/40018589


Most Thai organisations still lagging in digital agility despite increased technology adoption during the pandemic

Lack of Suitable and Skilled Talent is the Biggest Challenge Faced by Thai Organisations in Driving Digital Agility 

Astudy commissioned by Workday, a global leader in enterprise technology for finance and human resources, has found that most organisations in Thailand (91%) are still lagging in digital agility[2] – falling into the slow or tactical stages of digital agility maturity.

This is despite the opportunity to accelerate digital transformation and increase technology adoption during the pandemic.

The study found that the lack of suitable and skilled talent in talent acquisition and actively retaining them were the top two challenges cited by Thai organisations in pursuing digital transformation.

Conducted in association with IDC, the IDC-Workday Digital Agility Index Asia/Pacific 2022 highlights the extent to which Asia Pacific (APAC) organisations have progressed in digital agility since the COVID-19 pandemic.

First started in 2020, the study assesses and ranks organisations on the Digital Agility Index (DAI). From their scores, organisations are identified either as “Agility Leaders” if they are found to be in the agile/integrated stages of digital agility maturity, or “Agility Followers” if they are determined to be in the slow/tactical stages.

Thailand drops to 9th position in Digital Agility Index, overtaken by Indonesia

The study found that across the nine APAC markets surveyed, progress in digital agility is uneven.

With only 9% of organisations in Thailand at the advanced stages of digital agility, Thailand ranked ninth in the DAI, one position below its 2020 ranking.

It was overtaken by Indonesia which ranked eighth, having shown more progress in technological advancements.

Organisations in Australia achieved the greatest progress in digital transformation efforts and ranked first this year, followed by Singapore, New Zealand, South Korea, and Hong Kong. Taiwan, a new addition to the study, ranked sixth, followed by Malaysia.

From a regional perspective, only 38% of Apac organisations are in the advanced stages of digital agility. However, progress is being made overall as this figure reflects an 18 percentage point increase when compared to 2020. For the 62% of organisations in Apac lagging in digital agility (i.e. agility followers), technology adoption is often driven by functional requirements and business needs such as for e-commerce, safety measures, and remote work during the pandemic.

Shortage of skilled talent for digital transformation

The lack of skilled talent to carry out digital transformation initiatives is a key challenge to be addressed in Thailand. 80% of HR leaders surveyed said they have challenges in identifying the right skills needed to support evolving business requirements. Only a minority (7%) of organisations in Thailand have a holistic talent management strategy in place with employee engagement and data analytics to identify training needs and growth areas, which highlights the importance of closing the talent gaps within their workforce. 

Lack of enterprise-level technology adoption to drive digital agility

Complete integration of digital tools and processes can offer a single holistic view of resources, enable data-driven insights, and drive greater digital agility.

However, 61% of organisations in Thailand currently execute digital initiatives at the line-of-business level as necessitated by immediate needs, rather than at a strategic, cross-functional enterprise-wide level.

This in turn hinders business growth. Implementation challenges differ by function as well.

Challenges cited by IT leaders include lack of consistent integration across systems which impacts decision making (40%) and difficulty in choosing the right technology solutions that can help drive business agility (70%). On the other hand, finance leaders (80%) said they faced challenges in building a culture of cost containment for predictable cash flow. Only 3% of Thai organisations currently manage costs by using data-driven cost optimisation that leverages enterprise-wide and ecosystem data.

Need for greater collaboration between CFOs, CHROs, and CIOs to drive enterprise agility in the post-pandemic era

In the new norm led by a digital-first economy, leveraging digital agility can offer competitive advantages. This is only possible if organisations rethink their approach to closing digital agility gaps through technology and alignment of functional business requirements across the C-suite.

For positive business outcomes, not only must organisations accelerate their digital transformation to narrow the agility gaps but also have an integrated approach as a strategic imperative. This requires CFOs, CHROs, and CIOs to collaborate and work on their cross-functional digital transformation initiatives, and integrate digital talent management, as well as HR and finance processes.

Comments on the News

“While there is considerable progress with more organisations leaping to become agility leaders, the fact that the majority of organisations within the Asia Pacific are still lagging creates an opportunity to help organisations digitally accelerate,” said Sandeep Sharma, President for Asia, Workday. “With agility now a key source of competitive advantage in today’s digital-first economy, organisations supported by data-driven processes and imbued with digital skills and work cultures are best positioned to thrive in today’s changing world.”

“The unprecedented disruptions brought on by the Covid-19 pandemic forced many organisations to fast-track their digital transformations. It is not surprising to see increased technology adoption driving agility improvement,” said Lawrence Cheok, Associate Research Director of Digital Transformation, IDC. “However, true digital agility is about capitalising on change to thrive. To do so, organisations need to emulate agility leaders and make the leap from tactical to strategic enterprise-wide transformations in their culture, people, processes, and technology implementation.”

Published : August 07, 2022

Thai hotels face severe staff shortages as they reopen after Covid

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https://www.nationthailand.com/business/40018583


Thai hotels are suffering from severe staff shortages as the hospitality industry struggles to recover from the fallout of Covid-19, according to the Thai Hotel Association (THA).

Thai hotels face severe staff shortages as they reopen after Covid

About 68 per cent of hotels surveyed said they are short of staff to cover all departments – including maids, receptionists, cleaners, cooks, waiters and technicians.

Hotels are especially in need of workers with service and language skills, said the association’s president Marisa Sukosol Nunbhakdi.

“Most hotels are under pressure from labour shortages in almost all departments, as related businesses in their local areas have yet to reopen,” Marisa said.

She was citing results of a THA survey conducted on 118 hotels between July 17 and 25.

The survey found that only 33 per cent of hotels had raised their wages in a bid to attract staff.

Results also showed that hotel occupancy rate in July averaged 45 per cent, up from 38 per cent the previous month. The forecast for occupancy rate in August was 42 per cent.

Marisa attributed the recovery to the country’s full reopening on July 1, when the Thailand Pass entry system was scrapped, as well as government subsidies for domestic travel.

“Most hotel customers are Thais although the number of foreign guests is increasing — mostly from Asia and the Middle East, followed by western Europe,” she said.

Average room rates have risen since last year but are still lower than pre-Covid times. Hotels have delayed price increases due to low purchasing power and occupancy rates, Marisa added.

Thai hotels face severe staff shortages as they reopen after Covid

Recovery in the Thai hotel sector will strengthen this year but is still reliant on Thai tourists, according to Siam Commercial Bank’s Economic Intelligence Centre (EIC).

The EIC has raised its forecast for foreign arrivals this year from 7.4 million to 10 million.

It also identified many “challenges” for the Thai hotel industry, including higher operating costs, a labour shortage, and tougher competition as luxury hotels cut prices and others reopen after the pandemic.

Published : August 06, 2022

National Cyber Security Agency signs MoU to collaborate with Huawei

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https://www.nationthailand.com/business/40018541


The purpose is to increase cybersecurity skills for Thai IT personnel through promoting Huawei’s E-Lab online learning platform, and organizing competition projects and Huawei training courses.

National Cyber Security Agency signs MoU to collaborate with Huawei

The Ministry of Digital Economy and the National Cyber Security Agency has jointly signed a Memorandum of Understanding (MoU) on cybersecurity cooperation with Huawei Technologies (Thailand) Co., Ltd., the leading global ICT infrastructure and IT solutions provider. 

Chaiwut Thanakamanusorn, Minister of Digital Economy and Society (MDES), spoke on Thailand’s current cybersecurity situation and the cooperation with Huawei: “As data breaches and cyberattacks get increasingly more sophisticated and frequent, gaps in knowledge and cyber skills are impacting organizations more acutely than ever before. That is why the MDES is collaborating with Huawei, a leading digital innovator, to address this challenge by sharing their knowledge on cybersecurity and best practices across industries in order to upskill overall digital capabilities and offer improved educational resources. This collaboration will further encourage public and private organizations to adopt and implement key principles, with the aim of laying a robust talent foundation for Thailand, helping drive Thailand towards a safe and secure digital future.”

General Prachya Chalermwat, Secretary General of the National Cyber Security Agency   General Prachya Chalermwat, Secretary General of the National Cyber Security Agency

General Prachya Chalermwat, Secretary General of the National Cyber Security Agency, said about this cooperation: “A public-private partnership will be critical in building collaboration among private, public, and government entities in order to establish a globally trusted cyberspace in Thailand. We are delighted to sign this MoU between Huawei, as a leading global ICT company and solutions provider, and the NCSA so that together we can improve our cyber security. ” 

Mr. Abel Deng, CEO,  Huawei Technologies (Thailand) Co., Ltd Mr. Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd

Abel Deng, CEO, Huawei Technologies (Thailand) Co., Ltd., spoke on the cooperation over the signing of the MoU on cybersecurity: “These efforts have laid a solid foundation for us to sign a cyber security MoU today, which makes improved cybersecurity accessible to the general public. We reaffirm our commitment to raising awareness of security practices and procedures by developing cooperation between Huawei and the NCSA in the area of cybersecurity. Huawei will promote top cyber talent competition and key technological development, covering global trends such as 5G, cloud, mobile, and cybersecurity leadership skills, with the goal of engaging in cybersecurity talent development and knowledge sharing.”

” Huawei will support cyber training courses through the global platform called Huawei E-Lab, which aims to help increase cyber capabilities by providing training on security workshops in order to give participants the opportunity to take action. Furthermore, under this MoU, Huawei will cooperate with the NCSA in the field of establishing and delivering sustainable cyber security training for Thailand to cover all four of the cyber workforce levels: basic, intermediate, advanced, and expert levels,” he added.

E-Lab is a lab platform for Huawei learning service customers. Based on Huawei large-scale hardware lab infrastructure and cloud-based technology, E-Lab helps trainees access the E-Lab over the network at any place and any time to complete practice-based learning such as operation exercises, network simulations, and fault reappearance.

This can help in reducing operation training costs and saving labour. Huawei E-Lab has served more than 260 carriers in 170 countries, supporting more than 1.3 million trainees to develop their ICT competencies. 

Published : August 05, 2022

Swarovski unveils its captivating New Retail Landscape in Thailand

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https://www.nationthailand.com/pr-news/business/40018528


The very first new store concept in Southeast Asia and India

Swarovski unveils its captivating New Retail Landscape in Thailand

This August, Swarovski brings on its fabulous new store concept to Thailand with the launch of Thailand’s premier New Retail Landscape at Siam Paragon, 1st floor. 

For over a year, Swarovski has been on a spellbinding journey with the reimagining of the brand and retail stores. Commencing with the rollout of 27 Instant Wonder stores around the globe, the magical transformation has culminated in the opening of the first fabulous new stores in key corners of the world in 2021, with more to follow in 2022.

“Our New Retail Landscape is an incredible ode to creativity, and the result of Swarovski’s strong new vision, a realm where science and magic meet. Playful, aware, and always boldly chic our aim is to reflect desires and dreams in the physical space of our stores and to underline our new age of crystal living,” says Giovanna Engelbert, Creative Director at Swarovski. 

Swarovski unveils its captivating New Retail Landscape in Thailand
Swarovski unveils its captivating New Retail Landscape in Thailand

Welcome to a New Retail Landscape

Designed to ignite imaginations, each entrancing store pays homage to the shimmering beauty of crystal, reflecting the uniquely captivating charm of the city itself. Mesmerizing metallic finishes and fluted glass combine with chrome and silk touches throughout. 

For Thailand, Swarovski has opened a 107.9-square-meter New Retail Landscape in Siam Paragon, located in the heart of the shopping district in Bangkok. The store design immerses customers in the brand’s new visual identity with a sensorial retail space decorated in cool blues. Octagonal product displays, metallic sculptures, and luxurious textures come together to inspire a journey of exploration and self-expression. Swarovski’s New Retail Landscape in Bangkok opened on August 1.

Swarovski unveils its captivating New Retail Landscape in Thailand
Swarovski unveils its captivating New Retail Landscape in Thailand

To reflect the brand’s new visual identity, overseen by the beloved Swarovski Swan, guests will be welcomed into a sensorial retail space to discover an array of tempting and tantalizing crystal treasures.

Encouraging exploration and self-expression, different areas in the stores are color-blocked in Swarovski’s signature new brand hues. With myriad octagons adorning the walls in a breathtaking display of product and pattern, the entire concept is a tribute to the wonder of crystal itself.

Swarovski unveils its captivating New Retail Landscape in Thailand
Swarovski unveils its captivating New Retail Landscape in Thailand

For the final flourish, packages wrapped up with signature gross-grain silks and velvets add to the entire spellbinding experience.

An absolute feast for the senses, our sumptuous New Retail Landscapes beckon you in, promising a world filled with magic and special moments.

Swarovski unveils its captivating New Retail Landscape in Thailand

Published : August 04, 2022

Toyota to end production of Vios model in Thailand

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https://www.nationthailand.com/business/40018527


Toyota Motor Thailand (TMT) will stop manufacturing its Vios 1.5L model to make way for the all-new Yaris Ativ to be launched next Tuesday (August 9).

Toyota to end production of Vios model in Thailand

Sales of Vios cars totalled 1,829 in the first six months of the year, compared to 10,648 of the Yaris Ativ sedan and 14,715 of the Yaris hatchback, the company said on Thursday.

The hybrid version of Yaris Ativ is expected to be launched next year.

Toyota vehicle sales in Thailand totalled 142,032 in the first six months of the year, up 21.2 per cent from the same period last year. It sold 38,894 passenger cars in the first six months, a 30.9 per cent increase.

TMT aims to sell 290,000 cars this year, representing a 33 per cent share of the Thai market and up 21 per cent from last year, according to the company’s president, Noriaki Yamashita.

Toyota is expected to manufacture a total of 659,400 cars this year, a 28.3 per cent increase from last year, Yamashita said.

“Due to the government’s economic stimulus measures, the Thai economy is expected to recover in the latter half of the year,” he said.

The TMT president predicted a total output of 880,000 from all car manufacturers in Thailand this year, up 16 per cent over last year.

Published : August 04, 2022