SCG budgets Bt800m to improve systems

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http://www.nationmultimedia.com/detail/Corporate/30365236

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SCG budgets Bt800m to improve systems

Corporate March 06, 2019 01:00

By The Nation

SCG Logistics Management Co Ltd has set aside an investment budget of Bt800 million till 2023 to improve its logistics systems at home and abroad, focusing on Asean and India countries.

Up to Bt200 million will be used to develop digital-driven logistics for its supply chain system, said managing director Paitoon Jiranantarat yesterday.

With the improvement, the company expects total sales to achieve Bt22 billion at the end of this year, up 12 per cent from Bt19.6 billion last year, he said.

Up to 30 per cent of its revenue this year will come from overseas markets, compared to 70 per cent from local sales.

In the next five years, the company expects overseas sales to contribute 50 per cent of total revenue, mainly from Asean countries – Vietnam, Laos, Myanmar, Cambodia, Indonesia. It plans to expand sales to India this year.

The company also aims to boost sales to customers outside the SCG Group from 23 per cent of total sales last year to 33 per cent this year, before reaching to 50 per cent in the near future, he said.

UPS enhances pick-up options for exports

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http://www.nationmultimedia.com/detail/Corporate/30365237

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UPS enhances pick-up options for exports

Corporate March 06, 2019 01:00

By The Nation

US-based logistics firm UPS has launched an enhanced “Saturday export pick-up” service for international shipments from the US to 57 key international markets, including Thailand.

Orders can now be processed in the US on Sunday and delivered to Asian destinations one day faster than before – boosting both the prospects of Asian businesses that import products from the United States, and Thailand’s continued growth into one of Southeast Asia’s leading logistics hubs.

“Imports from the United States to Thailand totalled almost half a trillion baht in 2018, making the US Thailand’s third-largest import partner,” said Russell Reed, managing director of UPS Thailand.

“Almost 45 per cent of these imports were for the automotive, industrial manufacturing, aviation, and high-tech parts industries, key pillars of the Thai economy.

“UPS’s enhanced Saturday service means businesses in these sectors and others can gain or maintain that competitive edge by leveraging the speed and flexibility they need to get their production lines started earlier and inventory restocked faster,” Reed said. In addition to helping Thai businesses, the new Saturday export pick-up service will benefit US businesses that want to ship exports six days per week or need a rush on weekend orders.

It expands UPS’s existing portfolio of Saturday ground delivery and pick-up services for its US customers, launched in 2017, which was one of the largest time-in-transit improvements in the company’s 110-year history.

Myanmar telcos takes advantage of role on international stage

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http://www.nationmultimedia.com/detail/Corporate/30365247

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Myanmar telcos takes advantage of role on  international stage

Corporate March 06, 2019 01:00

By Khine Kyaw
The Nation
Barcelona, Spain

ALL FOUR TELECOM operators in Myanmar managed to capitalise on their participation at the recent Mobile World Congress2019 in Barcelona last week, said an official and senior executive of the telcos.

Soe Thein, the permanent secretary at the Ministry of Communica-tions and Information Technology who led the Myanmar delegation to MWC19, said all the operators gave impressive demonstrations at the event when he visited the booths of Telenor, Ooredoo and Mytel.

“In Myanmar, the network security system plays a very important role. The devices manufactured by Viettel [which takes the majority of Mytel’s shares] made the biggest impression on me,” he said.

He said the Ministry’s preparations are well underway for Myanmar’s future embrace of 5G, and will continue to support all operators.

“Currently, we are in the process of developing the environment and the legal basis to get ready for the upcoming 5G technology wave,” he said.

The official said the deployment of 5G networks by Myanmar telcos would emerge over the next few years, as all operators vied for the leadership position in 5G technology.

Vikram Sinha, board member of Ooredoo Myanmar, made a presentation on the telco’s commitment to support the nation’s digital transformation journey. “We showcased what we have done at Ooredoo Myanmar, to put Myanmar in the global digital arena on par with developed countries,” he said.

“Our team is geared up to provide more innovative digitalised services and products, combined with the best customer experiences to continue leading as a digital enabler.”

Serving more than 10 million SIM subscribers, Ooredoo Myanmar now covers 92 per cent of Myanmar’s population with its network. Driven by digitalisation and customer centricity, the firm launched many digital-based products and services last year and achieved many milestones in its digital journey, said Sinha.

“Everyone thinks of Myanmar as a Third World country, and so now is the best time for us to showcase Myanmar on track for transformation to a digital country,” he said.

Sharad Mehrotra, chief executive of Telenor Myanmar, took part in the congress along with its chief technology officer, Jai Prakash.

“We understand that MWC is an important arena to engage and collaborate with partners, businesses and authorities from markets in which Telenor operates, as well as those outside our footprint,” said Mehrotra.

He said the Myanmar telco also joined several representatives from Norway’s Telenor Group parent and its business units around the world to participate in the event. Serving more than 18 million customers with 8,300 sites and over 100,000 points-of-sale nationwide, Telenor Myanmar recently introduced a low-cost data-roaming package for its users visiting Thailand.

Zaw Min Oo, chief external relations officer at Mytel, said the operator launched the latest solutions and products in four core areas at MWC19 – smart telco, smart cities, network security and smart marine communication.

Having achieved more than 5 million subscribers after only seven months in operation, Mytel plans to double that to 10 million subscribers in Myanmar by year-end, he said.

Krungsri first bank in Thailand to use facial recognition tech to open accounts

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http://www.nationmultimedia.com/detail/Corporate/30365225

Krungsri first bank in Thailand to use facial recognition tech to open accounts

Corporate March 05, 2019 16:49

By The Nation

Krungsri (Bank of Ayudhya) has introduced facial recognition through electronic Know Your Customer (e-KYC) technology for verifying the identities of people as they open a deposit account.

Under the Bank of Thailand’s regulatory sandbox, the technology enables an upgrade of the bank’s verification process and accuracy toward international standards. Now available for customers at Krungsri branches, the facial recognition for e-KYC will also be deployed when customers open their passbook via mobile application by the end of the second quarter.

The breakthrough technology reflects the bank’s commitment as a leader in digital banking and innovation development for ultimate customer satisfaction, said Phonganant Thanattrai, Krungsri head of retail banking and distribution group.

The identity proofing process using facial comparison will enhance the security of identity verification, reduce risk of mistakes in the proofing process, and prevent identity theft and fraudulent transactions, while maintaining a convenient and speedy process for account opening, said Phonganant.

In its initial state, the facial recognition technology will be adopted when customers open a deposit account by matching the cardholder’s face to the photo on their citizen ID card as presented at the branch.

Krungsri staff will use the comparison result to when considering allowing a passbook account to be opened.

Meanwhile, Krungsri is planning extensive use of facial recognition technology for opening an account via a mobile application within the second quarter of 2019, Phonganant said.

Beacon VC leads seed funding for rental-property platform Horganice

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http://www.nationmultimedia.com/detail/Corporate/30365223

Beacon VC leads seed funding for rental-property platform Horganice

Corporate March 05, 2019 16:06

By The Nation

Beacon Venture Capital (Beacon VC), the corporate venture capital arm of Kasikornbank, is investing in a seed-financing round for Horganice, a leading rental properties management platform in Thailand.

The funding will enable Horganice to accelerate customer acquisition as well as adding new services to digitise rental properties, propelling Thailand into a digital era, according to Beacon.

Thanapong Na Ranong, managing director of Beacon VC, announced that the seed-financing investment on Tuesday. Horganice is a startup that provides rental properties management technology for apartments, dormitories and markets. The investment sum was not disclosed.

Beacon VC’s investment provides an opportunity for Horganice to build technical capability as well as to collaborate with KBank in order to acquire new customers and leverage innovative financial services. Those services, such as payment systems, can “provide fast, efficient, and convenient product offerings to Horganice’s customers, especially those outside of Bangkok which are Horganice’s target market,” said Thanapong in a release.

Horganice represents the seventh direct investment and the first seed round investment by Beacon VC. Its most recent investments include Thailand-based wealthtech company Jitta, Southeast Asia’s leading cross-border payment company InstaReM, and ride-hailing and financial services unicorn Grab.

The partnership with KBANK will enable Horganice to offer seamless financial services to tenants, property managers and property owners, and thus leveraging KBank’s leadership in digital banking. Collaborative initiatives that have already gone live this past year include online bill payments and new loan offerings.

KBANK and Horganice have also been working closely together to bring knowledge on smart property management in the digital era to small and medium businesses (SMBs) across Thailand.

Horganice has had great reception from the market and is now serving around 3,000 properties, covering more than 130,000 rooms across almost every province in Thailand, according to the release.

The company was founded by a group of aspiring young entrepreneurs and has received many national awards from notable organisations, such as the Winner Award of Startup Thailand Pitching Challenge Chiang Mai in 2017.

The company initially started out providing management software to university dorm owners before extending their product offerings to include cloud-based internet of things (IoT) hardware solutions, and expanding coverage to wider customer segments including hospital dorms and markets.

Established in 2015, Horganice offers both smart property management software and hardware-based automation products that reduce management costs and allow dorm owners to run their businesses easily and efficiently.

UPS launches Saturday pickup for international shipments from US

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http://www.nationmultimedia.com/detail/Corporate/30365222

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UPS launches Saturday pickup for international shipments from US

Corporate March 05, 2019 16:04

By The Nation

UPS has launched a Saturday pickup for international shipments from the United States to 57 key international markets, including Thailand.

Orders can now be processed in the US on Sunday and delivered to Asian destinations one day faster than before – boosting both the prospects of Asian businesses that import products from the United States, and Thailand’s continued growth into one of Southeast Asia’s leading logistics hubs.

“Imports from the United States to Thailand totalled almost half a trillion baht in 2018, making the US Thailand’s third-largest import partner,” said Russell Reed, managing director of UPS Thailand.

“Almost 45 per cent of these imports were for the automotive, industrial manufacturing, aviation, and high-tech parts industries, key pillars of the Thai economy,” noted Reed.

“UPS’s enhanced Saturday pickup service means businesses in these sectors and others can gain or maintain that competitive edge by leveraging the speed and flexibility they need to get their production lines started earlier and inventory restocked faster.”

In addition to helping Thai businesses, the new Saturday export pickup service will benefit US businesses that want to ship exports six days per week or need a rush on weekend orders. It expands UPS’s existing portfolio of Saturday ground delivery and pickup services for its US customers, launched in 2017, which was one of the largest time-in-transit improvements in the company’s 110-year history.

“One day can make all the difference when it comes to customers deciding to place an order,” said Ross McCullough, president, UPS Asia Pacific Region. “As Asia’s middle class continues to grow along with demand for imported parts and products from the US, we’re bolstering service along our US-Asia trade lanes to effectively reduce the geographic gap between Asia and America, making it more efficient for businesses that do already import goods from the US, while also making it a more viable option for those that haven’t yet started to import.

“By connecting these businesses to our smart global logistics network that moves 3 per cent of the world’s GDP daily, UPS can help them meet their customers’ expectations and compete globally.”

With a faster delivery that enhances their online experience and builds the retailers’ brand, UPS’s enhanced service also means a reduced chance of online shoppers abandoning shopping carts. Online retailers in Thailand looking to sell US products therefore benefit from fewer lost sales due to enhanced shipping options and fewer items being out of stock.

The other 56 destination countries are located across Asia Pacific, the Americas and Europe, with more key markets to be added later this year.

THAI Smile introduces Smile Day 03.03 promotion to please travelers

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http://www.nationmultimedia.com/detail/Corporate/30365220

THAI Smile introduces Smile Day 03.03 promotion to please travelers

Corporate March 05, 2019 15:47

By The Nation

THAI Smile Airways introduces special ticket price promotion “Smile Day 03.03 for travelers” offering special ticket price starting at Bt1,150/ person / trip (all inclusive) for domestic routes and international routes starting at Bt2,000/ person / trip (all inclusive) when booking through thewww.thaismileair.com on March 3-5 March only.

Passengers can travel from March 3 – May 31 for domestic routes and from Marhc 3 March – June 30 for international routes.

In addition, THAI Smile passengers will be provided with food on board, right to reserve seats in advance and free baggage allowance for weight up to 40 kg. For more information, call 1181 or 02-118-8888.

News Feed

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News Feed

Corporate March 05, 2019 01:00

By The Nation

COPYRIGHT CONTENT PROVIDER EYES EXPANSION ABROAD

JKN Global Media Plc (JKN), the leading distributor of international copyright content in Thailand, plans to expand its TV series from India and Philippines to other Asean markets via all broadcast platforms.

It said the Video on Demand channel is highly popular among the new generation. JKN CNBC, an economic news channel, will be launched by mid-year. The programmes are produced and provided to digital TV operators and expected to boost its revenue by 20 per cent by year-end.

Jakkaphong Jakrajutathip, JKN chief executive officer, said the company has allocated an investment budget of Bt800 million for the acquisition of additional copyright content to facilitate its expansion at home and abroad.

It also plans to expand the company’s copyright content distribution to markets overseas, including Vietnam, Malaysia, Brunei and Taiwan.

Huawei Myanmar calls for govt to facilitate change

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http://www.nationmultimedia.com/detail/Corporate/30365187

Liman Zhang, chief executive of Huawei Myanmar
Liman Zhang, chief executive of Huawei Myanmar

Huawei Myanmar calls for govt to facilitate change

Corporate March 05, 2019 01:00

By KHINE KYAW
THE NATION
BARCELONA, SPAIN

2,145 Viewed

DESPITE being caught in the trade war between China and the United States, Chinese giant Huawei Technologies Co remains confident of continued healthy growth in Myanmar thanks to the rising demand from locals, Liman Zhang, chief executive of Huawei Myanmar, said.

In an interview with The Nation, Zhang said the firm stands ready to enjoy stronger growth in Myanmar over the next few years.

“Though we have been facing challenges since last year, our business performance remains strong here,” he said.

“Our carrier business remained stable, and our consumer business performed superbly. In 2018, our consumer business grew by 36 per cent over the previous year, with more than 1 million smart devices sold in Myanmar.”

The executive said enterprise and cloud businesses also achieved many breakthroughs. KBZPay, which has become the nation’s leading mobile financial service within a short period of time, is a success stories involving Huawei’s partnership with Myanmar companies, Zhang added.

“Myanmar is very important to Huawei, and we are also very important to this country,” he claimed, citing the example of the firm’s involvement in Myanmar’s telecom sector reforms and rapidly increasing smartphone usage.

“It is an emerging market. Tech and innovations drive economic development as a great engine here,” he said.

Zhang considers Myanmar a unique market, with a surging demand for ICT technologies and innovative business models. He pledged to bring more advanced technologies and better services to the country.

According to Zhang, the market itself, along with customer requirements, are the main driving forces behind Huawei’s growth in the country. Every industry has a strong demand for digital transformation and convenience, he said.

“With regards to Huawei’s business, the main growth points will come from new business domains such as consumer business, enterprise and cloud.”

This year, the firm will continue to invest in 5G, broadband, cloud and artificial intelligence (AI). It will bring more advanced ICT solutions to Myanmar. Those solutions would maximise and synchronise access by its customers and partners from all industries to the world’s emerging technologies, and result in greater business success.

In the first half of 2019, the Huawei Cloud & AI Contest will be held to empower college students and AI developers. It has also planned for a digital finance forum, aiming to push forward the digital transformation of Myanmar’s financial sector.

“We will stand with telecom operators to further improve 4G network coverage and quality, provide rich, cost-efficient smart devices, and fast telecom services to people and homes in Myanmar. We will help operators with early preparations in technologies and business, and government in spectrum and policies to usher in the era of 5G,” he said.

Starting from this year, sales of Huawei device models in Myanmar will be synchronised with the global market so that the nation’s people could enjoy a timely, rich smart experience like other markets.

Last year, Huawei applied WTTx (Wireless To The x) technology so that 200,000 more families, located where fibre optics were very difficult to deploy, could enjoy broadband service. It introduced the cost-efficient RuralStar solution, which uses LTE transmission to replace costly satellite transmission, and to enhance rural area coverage. The firm also came up with the CloudAir technology to address the high costs and low utilisation rate of the LTE spectrum, a move that ensured 40 per cent extra bandwidth and improved user experience.

“We leverage ICT to push forward digital transformation of all industries for Myanmar’s rapid economic performance, and work with partners to build a sound digital ecosystem here,” Zhang said. Launched last year, Huawei Cloud provides AI-enabled technologies to recognise hand-written Myanmar fonts with excellent accuracy, greatly facilitating information input and check. The firm’s public safety solutions, with reinforced AI and big data analysis, helped Yangon and other major cities to improve policy efficiency, which ensured people’s safety and has laid a solid foundation for the evolution into smart cities.

“We have signed a new MoU [memorandum of understanding] on ICT talent development with related authorities. In the next three years, we will continue with our efforts in talent development,” he said. 5G in focus

Zhang seems confident of bringing 5G to Myanmar in the next few years. “We do not want Myanmar a step behind others,” he said.

He urged the government to plan the spectrum used by 5G, the pace and roadmap of spectrum distribution, and to auction spectrum to operators at reasonable prices.

Documents take on new meaning in digital era

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Corporate/30365176

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Documents take on new meaning in digital era

Corporate March 05, 2019 01:00

By NOPHAKHUN LIMSAMARNPHUN
THE NATION

FUJI XEROX (Thailand) has stepped up its effort to help customers digitally transform their document management by using artificial intelligence (AI), cloud computing and robotic processing automation (RPA) tools, according to Kitikorn Nongsawat, head of business operations.

He said a key company strategy for 2019 is to combine machine intelligence and human intelligence to boost customers’ productivity and efficiency as far as their document solutions are concerned.

A long-established leader in copying and document solutions, Fuji Xerox has turned to the “smart work innovation” concept to help implement the government’s policy for Thailand 4.0 and Asean Industrial 4.0.

In practice, customers can integrate printing and document |management solutions by using AI, cloud and RPA tools in their workflow. For example, RPA is suitable for routine document and other office works, freeing employees to work on more value-added and analytical tasks.

Unlike human workers, RPA works around the clock seven days a week for routine accounting, procurement, human resources and other works – suitable for manufacturing, banking, insurance and other sectors.

Kitikorn said the RPA tool also helps reduce human errors in redundant tasks, with one RPA system capable of replacing 6-8 human workers for routine component of work.

RPA is already used by leading automotive companies in Thailand, resulting in higher productivity and faster turn-around time for many routine tasks including parts procurement, payroll and HR management.

In the automotive industry, RPA for example, can automatically order parts and components from suppliers as soon inventory becomes depleted, which is more efficient than are human workers.

In the insurance sector, RPA is also used in automatically processing hundreds of thousands of claims with fewer errors.

The Thai Revenue Department has also encouraged businesses and industries to upgrade their electronic tax-payment system, but the measure is not yet mandatory.

On a voluntary basis, less than 10 per cent of Thailand’s 400,000 enterprises have so far adopted the e-tax platform. By law, businesses are required to keep their tax records for a period of 5-7 years, resulting in an enormous volume of tax paper records.

The next step is to use the comprehensive e-tax on-cloud platform in which the Revenue Department can access taxpayers’ electronic records, instead of paper records on back tax payments.

Kitikorn said the comprehensive e-tax platform covering e-invoices, original digital copies and other features involving online and offline business transactions should figure prominently in the Thailand 4.0 initiative to digitalise the economy.

He said the Revenue Department should consider making the comprehensive e-tax platform mandatory soon so as to accelerate the digital transformation process.

With secured and affordable cloud-based computing facilities and storage, the challenges of managing and storing countless paper tax records can be tackled effectively.

With original digital copies, Revenue Department’s officials can retrieve the records on screen so it will not be necessary for taxpayers to keep paper records for a period of up to 5-7 years, easing the burden on storage and management.

Electronic Transaction Development Agency should also help boost business awareness about the comprehensive e-tax platform, he said.

Security, user friendliness and availability of sophisticated hardware and software are the pre-requisites for the successful digital transformation process.

Regarding hardware, the latest generation of machines, for example, have multiple functions for scanning, printing, and copying, as well as the optical character recognition (OCR) feature to extract texts, capture and search for specific content.

To prevent unauthorised access, all data on cloud storage facilities are encrypted, he said.