BTS Group strives to improve the quality of life and well-being of people through the integration of core businesses. The Group has developed and created an innovative ‘3M strategy’ comprising MOVE, MIX, and MATCH, leading to unlimited business growth.
PTT Exploration and Production Public Company Limited (PTTEP) received bronze award in the category of “Succession Planning Strategy” from the Employee Experience Award 2022, Singapore.
The Award is for efficient transformation of Succession Planning Strategy that recognized PTTEP’s strong commitment and continuous development of human resources readiness to support sustainable business operations.
The award ceremony was organized by Human Resources Online, a human resource media in Asia.
The application of digital innovations and technology is necessary to boost supply chain liquidity, Commerce Minister Jurin Laksanawisit said on Friday.
Jurin was speaking at an Asean Plus Three (APT) summit hosted by China on Friday, which he attended virtually.
APT comprises 10 Asean members, namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, plus China, Japan and South Korea. The meeting on Friday was held to address the disruption to global supplies due to the Covid-19 crisis and political problems.
“Asean Plus Three should cooperate closely to maintain liquidity in the supply chain, such as reducing reliance on single production sources, etc,” Jurin said.
To achieve this, he listed four options that countries can adopt to boost supply chain liquidity. They are:
• Developing digital infrastructure for seamless, transparent and effective supply chain connection.
• Boosting the potential of human resources to further develop the technology industry.
• Promoting ease of trade by applying an electronic system in customs procedures.
• Strengthening cooperation at the regional level to strengthen supply chain connection and promote regional trade through pacts like the Regional Comprehensive Economic Partnership (RCEP).
He added that RCEP was one of the most concrete achievements that have helped create connections and expand supply chains in the region.
Trade between APT countries in the first five months of this year came in at US$563.53 billion (20.40 trillion baht), up 14 per cent year on year.
Crypto-trading platform Zipmex Thailand confirmed on Friday that investors in Thailand will not be affected by the move of its headquarters to plead for moratorium relief in a Singapore court.
Zipmex had said earlier that it had submitted moratorium applications in Singapore for all Zipmex entities, including Zipmex Co Ltd (incorporated in Thailand) on July 22.
The Thai Securities and Exchange Commission (SEC) ordered Zipmex to explain to customers on Thursday before 5pm so they would be able to attend the case conference on Friday.
Zipmex Thailand CEO Akalarp Yimwilai explained on Thursday that the process was initiated by Zipmex Asia Pte Ltd, headquartered in Singapore, and Zipmex Pte Ltd (affiliate in Singapore).
The objective is for both companies to be able to continue their business operations and secure investment for the business group. Akalarp assured that investors will not be affected by the decision as it is a strategy to solve the current issue.
He said the process was done under Singapore law and would not affect companies in Thailand, Indonesia, and Australia.
Akalarp said that the company is willing to cooperate with the SEC, other regulators, and Zipsters (Zipmex users) to solve the current situation.
He added that the company is determined to resolve the issue and rebuild trust among customers and investors.
Akalarp had said on Sunday that it would take legal action against crypto lenders Babel Finance and Celsius Network to retrieve its customers’ digital assets.
Zipmex Thailand had suspended trading for two hours last Wednesday, as a result customers were unable to withdraw coins from its ZipUp+ service, which is linked to Babel Finance and Celsius. The latter, a crypto lender, has now reportedly filed for bankruptcy in the US.
As financial literacy is a core life skill, TCRB or Thai Credit Retail Bank’s Tang To Know-how financial literacy program is expanding its focus from micro and small business owners to also include employees, freelancers, and students.
Thanks to an innovative course under the concept of “Financial Edutainment”, the Tang To Know-how course is attracting a growing number of participants.
In addition, the Bank created a new learning activity “Tang To Know-how Tutoring to Earn More Money” allowing business owners to share their successes in growing and bolstering their businesses with like-minded members of the community.
Thai Credit Retail Bank’s managing director Roy Agustinus Gunara says that TCRB is confident that promoting financial literacy skills among people all over Thailand will play a crucial role in countering inflation whilst alleviating growing household debt which is a looming issue for the country’s economy at large.
In the second half of this year, the bank aims to expand the program to cover both permanent and temporary employees, freelancers as well as students enabling them to pose a financial literacy mindset to help navigate them towards a more stable and secure in life, with strong and sustainable business sense.
Learning about this at a young age can shape the way they manage money in adulthood.
He explained that the financial edutainment “Tang To Know-how” has been developed to strike a balance between education and entertainment.
The activity will create a stimulating learning environment in such a way that it makes a potentially boring topic like finance fun, enjoyable and easy to remember for even the most non-mathematical mind.
Thai Credit Retail Bank’s managing director Roy Agustinus Gunara
To rapidly broaden financial literacy across the region, TCRB has trained the managers of the bank’s branches to be professional trainers and redesigned 264 branches nationwide to become TCRB learning centres.
By the end of this year, the bank expects to have at least 48,000 persons participating in the training course, of which half will be from the new target groups. So far, the bank has trained over 65,000 micro and small business owners—mostly vendors—to help them improve their financial skills and improve their overall quality of life.
Recently, TCRB collaborated with strategic partners to provide Tang To Know-how training for 40 vendors in Thai Rungthip fresh market in Khlong Dan Sub-district, Bang Bo District, Samut Prakan Province.
The bank’s trainers instructed them in financial literacy including debt management, savings principle, and daily expense management.
Yupin Sooksorn, one of the many participants and a vendor of drinks and snacks, commented that the training changed her earlier view that finance was difficult to understand and caused stress.
She had fun understanding the real-life application, especially in the face of inflation and said that everyone must be aware of the importance of managing costs, revenue, and expenses for business survival.
Based on its philosophy “Everyone Matters”, it is important for TCRB that all segments are empowered whether or not they are TCRB’s customers.
The bank is ready to stand beside them and jointly reinforce their capabilities through the promotion of financial literacy skills.
Follow our activities and information about financial edutainment with Tang Toh Know-how program at ตังค์โต Know-how by Thai Credit, http://www.tcrbank.comor call 0 2697 5454.
Toyota Motor Thailand (TMT) has enjoyed a 24.4 per cent growth in car exports in the first half of this year. As many as 179,730 vehicles were shipped overseas, thanks mainly to the weaker baht, TMT president Noriaki Yamashita said.
The company aimed to export 380,000 Toyota cars this year, up 29.8 per cent from last year.
He attributed the increase to economic recovery in purchasing countries, which have revived demand for new vehicles.
Market analysts also pointed to the weaker baht, which traded at over 36 baht per US dollar on Thursday.
TMT is expected to manufacture a total of 659,400 cars this year, a 28.3 per cent increase from last year, according to Yamashita. The figure was revised upwards from 647,000 when he held a press conference early this year.
“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, a 16 per cent hike from last year.
Toyota alone aims to sell 290,000 cars this year, up 21 per cent from last year, according to Yamashita.
That represents a 33 per cent share of the Thai market. The figure was increased from the original target of 284,000.
In the first six months of the year, a total of 870,109 vehicles were manufactured in Thailand, a 3.02 per cent increase from the same period last year, according to Surapong Paisitpattanapong, vice chairman and spokesman for the Federation of Thai Industries’ automotive industry division.
He said 442,578 of them, or 51 per cent of the output, were exported. That was a decline of 8.98 per cent from the same period last year.
Total exports of cars, motorcycles and parts were worth 442 billion baht in the first six months, down 1.31 per cent from the same period last year, according to Surapong.
OR to invest in Traveloka, a travel and lifestyle services platform, and expand its business into travel sector and strengthen OR’s lifestyle business
PTT Oil and Retail Business Public Company Limited (“OR”) will invest in Traveloka, Southeast Asia’s lifestyle superapp and a leading online platform for travel and local services in Southeast Asia, through its subsidiary, PTTOR International Holdings (Singapore) Pte. Ltd. (“SGHoldCo”). This is a major step for OR to expand into the travel sector and strive to become a one-stop solution for all lifestyles.
Jiraphon Kawswat, President and Chief Executive Officer of OR hosted a signing ceremony of the Collaboration Agreement between OR and Traveloka on July 26, 2022, where Ferry Unardi, Co-Founder and CEO of Traveloka was also present.
According to Kawswat, the travel sector is an area of focus for OR as tourism is one of the major economic contributors to the Thai economy. The tourism sector employs a large portion of the Thai population and many Thai SMEs are also reliant on this segment. The travel sector in Thailand and Southeast Asia has enjoyed high growth rates prior to the COVID-19 pandemic and is expected to rebound quickly following the easing of travel restrictions and the recovery in travel demand.
Collaborations between OR and Traveloka will provide additional lifestyle solutions to OR customers in line with OR’s strategy to become a one-stop solution for all lifestyles.
This collaboration will also provide growth opportunities to both OR and Traveloka in domestic and international markets in accordance with OR’s strategy to focus on Outside-In Growth, as both OR and Traveloka seek new investment opportunities together with partners to provide more solutions to address customers’ needs.
In addition, this will also create new opportunities for Thai SMEs and Thai individuals in the travel sector to grow together with OR.
“OR foresees many opportunities and possibilities that we can realize from this collaboration. Not only can this partnership provide new opportunities to OR in the travel sector, it can also provide additional venues for OR’s existing partners and business alliances to grow together with OR and to deliver greater offerings and experiences to OR customers. Given Traveloka’s position as a leading online platform for travel and local services in Southeast Asia and its strong technology capabilities, I believe there is a range of areas OR can explore together with Traveloka to further enhance our tech capabilities”, said Kawswat.
This collaboration is also a positive step in furthering Traveloka’s mission of fulfilling the aspirations of its users and allowing its merchant-partners to thrive.
“We see immense value from the collaboration as we see the region growing at a rapid pace, leading to greater opportunities in the industry. We are excited to work with OR, with its expertise in creating great businesses with a customer-focused approach, to capture the demand and provide enhanced solutions to our customers, while also creating new opportunities for our merchant-partners in Thailand and the region”, Mr Unardi says.
Strengthening Honda’s SUV line-up and reflecting a new combination of design, comfort, and superior driving performance comes with Honda SENSING in all variants. Ready for official launch and on display at Big Motor Sale 2022 in August
Honda Automobile (Thailand) Co., Ltd. is strengthening its SUV lineup by launching the “all-new Honda BR-V” 2nd generation, a 7-seat multi-utility SUV that is ready to serve various needs with its premium sporty design that combines solidity and versatility in the perfect style of a SUV in every dimension.
It offers more superior and more powerful performance compared to others in its class with a 1.5-litre DOHC i-VTEC engine that produces maximum power of 121 PS along with a continuously variable transmission (CVT).
It takes the sense of travelling to the next level with enhanced driving performance in all aspects including driving stability, the suspension system, and handling system.
Honda SENSING intelligent safety technology ensures confidence in every journey for every variant.
The cabin is spacious and comfortable. It comes with foldable second- and third-row passenger seats.
The all-new Honda BR-V is equipped with technologies for comfort and advanced safety technologies* including a 4.2-inch TFT Multi-Information Display, 7-inch Advanced Touch Display Audio with Apple CarPlay and Android Auto that supports smartphone connectivity, Siri and Android Auto voice control, Remote Engine Start, Honda LaneWatch, and Walk Away Auto Lock.
The estimated price for the E variant will not be over 930,000 baht and the EL variant will not be over 980,000 baht.
Customers can register for a reservation through sales consultants at Honda showrooms nationwide from 27 July until 18 August 2022 to receive a free folding camping table set worth 4,200 baht.
The all-new Honda BR-V prices will be officially announced and it is available for sale on 19 August 2022.
The car will be on display for the first time at the Big Motor Sale 2022 from 19 to 28 August 2022 as well as at Honda showrooms nationwide.
The all-new Honda BR-V will become an alternative SUV and will be ready for delivery to customers from 19 August 2022 onwards.
Noriyuki Takakura, President and CEO of Honda Automobile (Thailand) Co., Ltd., said, “The Honda BR-V was introduced to the Thai market for the first time in 2015 to fulfil Honda’s SUV lineup to cover market needs and more effectively serve diverse customer lifestyles. This time, the all-new Honda BR-V is well-suited to offer new value to customers by becoming a 7-seat multi-utility vehicle that combines the distinctive strength of a sporty yet tough SUV design with the agile versatility of a MPV (multi-purpose vehicle), together with confidence in driving performance. In addition, all variants are equipped with Honda SENSING intelligent safety technology. The cabin is more spacious and comes with technology for comfort. The all-new Honda BR-V is expected to stimulate the SUV market and be the vehicle that is ready to deliver a new travel experience and create happy moments in every journey for everyone.”
A 7-seat multi-utility SUV that is well-suited to deliver an unrivalled travel experience for everyone on every journey, the all-new Honda BR-V delivers value while meeting a variety of needs including:
Exterior Design • Newly designed Piano Black front grille with a more distinctive look for the EL variant • Newly designed front and rear bumpers painted silver (EL variant) • LED Headlights, LED Daytime Running Lights, and LED Taillights • LED Front Fog Lights (EL variant) • Electric Adjustable and Auto Foldable Side Door Mirrors (EL variant) • Side Sill Garnish painted silver (EL variant) • Sporty Roof Garnish • Shark Fin Antenna • New 17-inch alloy wheels (EL variant) and 16-inch alloy wheels (E variant).
The Cabin Interior • The spacious and airy cabin offers comfort in every seat and is ready to provide everyone with an unprecedented experience and aesthetics in every journey. • Distinctive newly designed Piano Black front console that takes a sense of superiority to another level. The leather seats come with genuine and synthetic leather materials in all variants. An ample storage compartment plus 8 cup holders ensure convenience for everyone. • Automatic Air Conditioning System and Rear Air Vent, Front and Rear Seat Armrests • Remote Engine Start • Meeting the needs of every lifestyle, the cargo space is larger than the previous generation, and the second-and third-row seats can be folded to increase the multi-purpose space.
More leg room for the second-row seats with One Motion Tumble, 60:40 Foldable and Sliding Function seats with 3-Level Reclinable Backrests.
The third-row 50:50 Foldable seats offer generous legroom and 2-Level Reclinable Backrests.
• Powered by a 1.5-litre DOHC i-VTEC 4-cylinder, 16-valve petrol engine plus a Continuously Variable Transmission (CVT), delivering a maximum of 121 PS at 6,600 rpm and instant and sharpened response with maximum torque of 145 Newton-meters at 4,300 rpm. • Responsive and powerful yet agile driving with fuel efficiency of up to 16.1 km/litre and E20 fuel compatibility.
• 4.2-inch TFT Multi-Information Display • Paddle Shift (EL variant) • 7-inch Advanced Touch Display Audio with Apple CarPlay and Android Auto that supports smartphone connectivity plus Siri and Android Auto voice control. • Multi-Function Steering Wheel with audio system controls and hands-free telephone switch. • Two USB Ports • Two Accessory Power Sockets (E variant) and Three Accessory Power Sockets (EL variant) • Four Speakers (E variant) and Six Speakers (EL variant)
All variants of the all-new Honda BR-V come with Honda SENSING intelligent safety technology, which uses a front wide-view camera to help detect cars and pedestrians effectively. Its main functions are: • Collision Mitigation Braking System (CMBS) • Lane Keeping Assist System (LKAS) • Road Departure Mitigation System with Lane Departure Warning (RDM with LDW) • Auto High-Beam (AHB) • Adaptive Cruise Control (ACC) • Lead Car Departure Notification System (LCDN)
Additionally, it also comes with other safety technologies* such as: • Honda LaneWatch • Walk Away Auto Lock • Auto Door Lock by Speed • Rear Seat Reminder • Rear Camera • Six Airbags (EL Variant) • Emergency Stop Signal (ESS) • Hill Start Assist (HSA) • Vehicle Stability Assist (VSA) • Anti-lock Braking System and Electronic Brake Distribution (ABS & EBD) • G-force Control (G-CON) and Advanced Compatibility Engineering (ACE™) Body Structure that can protect the cabin from collision forces. • ISOFIX & Child Anchor.
The all-new Honda BR-V is available in two variants: • EL variant, with an estimated price of not more than 980,000 baht*** • E variant with an estimated price of not more than 930,000 baht***
It is available in three exterior colours: Premium Sunlight White (Pearl) (exclusively for the EL variant), Crystal Black (Pearl) and Taffeta White (exclusively for the E variant).
The interior of the EL variant is black and the E variant is a two-tone black/mocha grey colour.
Exclusively for customers who register for a reservation of the all-new Honda BR-V between 27 July 2022 at 10:00 hrs. onwards until 18 August 2022 at 22:00 hrs.** – they will receive free camping set worth 4,200 baht**. This right is granted when booking and receiving the car within the period specified by the company**. Customers can also register for a reservation through Honda sales consultants or at any Honda showroom nationwide. The all-new Honda BR-V will be available for delivery to customers from 19 August 2022 onwards. **
Get ready for the official price announcement and the launch of the all-new Honda BR-V on 19 August 2022 and experience it for the first time at the Big Motor Sale 2022 from 19 to 28 August 2022.
Zipmex (Thailand) announced on Wednesday that it had signed a second memorandum of understanding (MoU) with another group of possible buyers of its stakes.
The latest MoU was signed on the heels of the first one being inked on July 24 with a group of investors.
Zipmex did not provide details of the two groups of possible buyers.
“Today, the company signed another MoU to speed up efforts to inject funds into the company,” Zipmex Thailand announced on Wednesday.
The firm said it had received initial funding from a “big investor, who has potential and who is interested in investing with Zpmex”.
“The company will go ahead and try to reach a deal with this investor and the company hopes it will be able to obtain funds to solve problems as soon as possible,” the statement said.
The problems referred to in the statement were apparently digital assets losses by Zipmex’s clients, who deposited their crypto coins into ZipUp+.
ZipUp+ is an interest-bearing account that offers an attractive yield as high as 10 per cent when investors deposit their digital assets such as bitcoin (BTC), ethereum (ETH), USD coin (USDC) and tether (USDT).
On July 20, Zipmex Thailand paused trading for two hours to remove ZipUp+ from its platform, claiming that ZipUp+ was not its product but belongs to key partner Zipmex Global in Singapore.
Zipmex Global had deposited ZipUp+ coins into two crypto lenders, Babel Finance and Celsius, which were unable to return the deposited assets because of their losses.
Zipmex Thailand said the exposure amount was US$48 million (approximately 1.7 billion baht) to Babel Finance and $5 million to Celsius.
Since July 20, Zipmex Thailand has been talking about buyouts in the hope of gaining more funds so that it could return the lost assets to its clients.
The latest statement on Wednesday added that trading of all crypto coins is resuming on the Zipmex Thailand platform on Thursday. Earlier, trading of some coins was disabled for “system stability” reasons.
This is the 13th year the firm has taken on this prestigious role to enrich conversations at one of the world’s leading international forums.
PwC is a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services.
The annual gathering of 21 Asia-Pacific Economic Cooperation (Apec) economies will take place in Bangkok from 16-18 November under the theme ‘Embrace. Engage. Enable’. The event will include meetings and business-related panels at all levels for leaders of Apec member economies.
Apec is a business forum established in 1989 for member economies within the Asia-Pacific region . Its purpose is to achieve the free flow of trade and accelerate economic integration, creating greater prosperity for the people of the region with balanced, inclusive, sustainable, innovative and secure growth.
Apec’s 21 members have a combined population of 2.9 billion, accounting for more than one third of the world’s people. The group’s members have a total GDP of USD53tn (about THB1,700tn), representing more than half of the world’s GDP and trade.
The Apec CEO Summit is the highlight of the Apec Economic Leaders’ Week in November. It offers an opportunity for leaders of member economies to discuss trade and other pressing regional issues with policymakers, CEOs of leading companies and prominent thought leaders.
Chanchai Chaiprasit, CEO of PwC Thailand said, “We’re pleased and honoured to be the Knowledge Partner for the Apec CEO Summit once again. This business forum is a gathering of public sector leaders and delegates from leading companies across the region.
“As Knowledge Partner, we’ll provide insights to spark discussion among business leaders about some of the major issues our region is facing today. These include the post-Covid-19 economic recovery and a close look at how Apec member states are adapting to overcome new challenges in order to build trust among stakeholders and grow sustainably, he said.
“We’re ready to be part of Apec 2022 and to join our country in welcoming leaders and delegates from member economies all across the region who will honour us with their presence at this important event,” he said.