Make your dreams come true with KBank Young Scholarship Program 2023 

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Make your dreams come true with KBank Young Scholarship Program 2023 

Make your dreams come true with KBank Young Scholarship Program 2023 

WEDNESDAY, JANUARY 18, 2023

Kasikorn Bank is seeking highly capable personnel to advance its K Strategy in a new-era financial world with KBank Young Scholarship 2023.

To this end, the Bank will hold an examination for five graduate scholarships at the world’s most prestigious universities.

Fourth-year students who are going to complete their bachelor’s degree are invited to sit for the examination.

Scholarship recipients will have a chance to learn and get hands-on experience to find their fields of interest before furthering their studies as needed and in alignment with KBank’s business directions.

Aside from getting the scholarship, they will have a chance to take on the challenging work at KBank.

Applications are open from now until March 15, 2023, at KBank’s website, https://www.kasikornbank.com/th/news

Make your dreams come true with KBank Young Scholarship Program 2023 

Krit JitjangKBank President, said as human resource development is a crucial driver of the organization towards its established goals, KBank has been committed to the continuous enhancement of employee potential, based on the concept of providing staff members with the “Possibility to Make an Impact” and allowing them to “Unleash Your Full Potential”.

All employees have been encouraged to use their knowledge and capabilities and to unleash their full potential, with an emphasis on learning by doing. KBank aims to create leaders who can grow with the organization.

Employees have the opportunity to work with capable supervisors and teams of high potential in an organization with an advantage in terms of investment funds, customer database, technologies and partnerships with Thailand’s leading businesses and startups, which form part of KBank’s business network. 

Under this year’s KBank Young Scholarship Project, applications have been opened for five scholarships, and eligible applicants are fourth-year university students.

The scholarships will be granted for master’s degree study at a world-class university, and students can choose a field of study which aligns with KBank’s strategies and business directions.

A special feature of the scholarships is that, for the first three years, students will have the opportunity to explore their interests and preferences by working with professional teams on key tasks and to take part in driving the businesses of KBank and K Companies towards success. Such tasks are, for example, those in the areas of IT/Technology & Fintech, Business Extension & Partnership Management, Beyond Banking & Innovation, Business Data Analytics, Investment Banking, and Regional Business, in both Thailand and foreign countries. After graduation, they will also return to work with KBank. 

Candidates must currently be final-year university students or scheduled to complete their bachelor’s degree in 2023, with a GPA of at least 3.25. Special consideration will be given to candidates who have participated in various activities such as business case competitions at their universities or those who have completed an internship. Additionally, they should be keen learners, adaptable, and those who dare to think, try and decide for business success. Registration starts on March 15, 2023. 

For more details, please contact the People Development Department (Scholarship), tel. 02-4701361, 02-4701656 or 02-4705915, or KBankScholarship@kasikornbank.com. 


Mr. Krit added, “KBank scholarship recipients will attend a preparation program for studying abroad. The Bank will arrange an overseas education consulting company to help develop the potential of the scholarship recipients in terms of work experience and language proficiency. KBank will support all related expenses during university preparation and study that related costs with close guidance from our Human Resource Development team. We aim to strengthen their capabilities in all aspects and expect them to return to drive the businesses of KBank and K Companies towards success. This is considered one of the most important opportunities for university students who dream to study at a world-class educational institution and gain experience in working with a leading organization in the country.” 

Courier company sees chance to increase business from live selling online

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Courier company sees chance to increase business from live selling online

Courier company sees chance to increase business from live selling online

THURSDAY, JANUARY 19, 2023

Nongluck Ajanapanya

Singapore-based Ninja Van is moving to grab a bigger share of deliveries from merchants who frequently use young female models to sell low-end products live online in its six key markets in Southeast Asia.

The company released a report saying live selling has become one of the most popular e-commerce trends in the countries where it offers courier services: Thailand, Singapore, Malaysia, Indonesia, the Philippines, and Vietnam.

The report – “Live Selling in Southeast Asia (SEA)” – says it uses data gleaned from more than 1,000 of its e-commerce customers in the six countries.

Winston Seow, the company’s chief marketing officer, described live selling as “an intriguing marketing tactic” in a press release on Thursday.

“It’s the only tactic that can fast-track shoppers’ purchase journeys from awareness straight to conversion,” Seow explained. “Live selling also enables e-commerce sellers to build large-scale relationships with their customers, both new and old,” he added, without elaborating.

One in three of its e-commerce clients surveyed is now using up to six hours a week of live selling to boost sales.

Most early adopters of live selling sold clothing, beauty and personal care products, food and beverages and things for use at home, the report says.

Courier company sees chance to increase business from live selling online

According to the survey of 1,000 or so clients of Ninja Van, three online platforms are the most popular in the region: Shopee (27.0%), Facebook (25.5%), and TikTok (22.5%).

Seow said it was possible that e-commerce sellers might use two channels for live selling to expand their reach.
In Thailand, Facebook is the most popular social media platform for live sellers, with 37.9%, followed by TikTok, with 26.9%, and Shopee, with 19.8%, according to the report.

Fashion and beauty products dominate live sales in Thailand, the report said.

The report says that online merchants can benefit from live selling, but they also face hurdles that Ninja Van can help solve.

Courier company sees chance to increase business from live selling online

Nongluck Ajanapanya

New PTT Oil and Retail chief vows green policies for sustainable growth

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New PTT Oil and Retail chief vows green policies for sustainable growth

New PTT Oil and Retail chief vows green policies for sustainable growth

THURSDAY, JANUARY 19, 2023

The new CEO of PTT Oil and Retail Business Plc (OR) on Thursday pledged to pursue a green business strategy and provide opportunities to local communities to ensure sustainable growth for the company.

CEO Disathat Panyarachun said he would follow the vision of “Empowering Al towards Inclusive Growth” and will use the “Rise OR” strategy to push for sustainable growth of PTT OR. “Rise” stands for result, intelligence, synergy and entrepreneurship.

PTT OR under his leadership would push for tangible results of its operations and would make prudent decisions, embrace synergy with all agencies of PTT and would operate in a spirit of entrepreneurship, he said.

Disathat said that PTT OR under his leadership would focus on three main policies:

Synchronisation for ecosystem: The company will synchronise its energy businesses and lifestyle to strengthen the OR ecosystem.

Synergy for impact: PTT OR will have synergy with all businesses of PTT to make it more positive for all stake holders so that they can grow together.

Sustainability for the future: PTT will use three measures — “Small”, “Diversified”, and “Green” — to pursue sustainable growth.

Under “Small”, the company will provide opportunities to communities near PTT OR’s outlets to improve their quality of life, Disathat explained.

“Diversified” will explore growth opportunities, including seeking more partners and innovating new products and services.

“Green” will involve a push for low carbon business areas through all businesses of OR so that it could reach the goal of carbon neutrality by 2030 and net zero by 2050, Disathat said.

He added that PTT OR under his leadership would also develop an ecosystem for electric vehicles, which is the future trend.

Deputy director Kirati picked to take over as next AOT chief

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Deputy director Kirati picked to take over as next AOT chief

Deputy director Kirati picked to take over as next AOT chief

WEDNESDAY, JANUARY 18, 2023

Airports of Thailand (AOT) Plc deputy director Kirati Kitmanawat has been selected as the new director, a source said on Wednesday.

Kirati, an AOT deputy director in charge of engineering and construction, will replace Nitinai as AOT chief when he completes his term on April 24.

The source said a subcommittee in charge of salary negotiation will negotiate with Kirati on his salary and perks before his contract is sent to the State Enterprise Policy Office for approval.

The employment contract would be signed by next month, the source added.

Deputy director Kirati picked to take over as next AOT chiefAccording to the source, Kirati was picked because he had the highest score among four candidates with 95 points, while the next best candidate had 91 points.

Kirati got his bachelor’s degree in engineering from Sirindhorn International Institute of Technology, Thammasat University. He later got his Masters and doctorate degrees in engineering from Tokyo University.

JPMorgan sees Thai stocks as the most attractive in Southeast Asia

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JPMorgan sees Thai stocks as the most attractive in Southeast Asia

JPMorgan sees Thai stocks as the most attractive in Southeast Asia

THURSDAY, JANUARY 19, 2023

Strong recovery of Thailand’s tourism, with an expected influx of Chinese visitors, and strong domestic demand for consumer products have made the Thai stock market the most attractive in Southeast Asia, according to JPMorgan Chase & Co, an American multinational financial services company.

Jakkapun Pornpunnarath, JPMorgan’s head of Thai equity research, said that the Stock Exchange of Thailand (SET) has become the top pick for JPMorgan in Southeast Asia.

He pointed to robust trading of Thai stocks ahead of the next general election later this year and the strong operating performance of many listed companies.

The JPMorgan executive said that a strong Thai baht, growing in tandem with the tourism recovery, should enhance returns for equity investors.

Jakkapun was speaking in an interview with Bloomberg news agency, which published its report on Thursday.

JPMorgan estimated that Chinese tourists would help double Thailand’s tourism revenue to US$39 billion (1.36 trillion baht) this year, accounting for 6% of the country’s gross domestic product.
 

The multinational financial giant also predicted that as many as 26 million foreign tourists would come to Thailand this year, which is about 65% of the 40 million visitors who came to Thailand in 2019, the year before the global tourism industry was hit by the Covid-19 pandemic.

According to JPMorgan, the SET Index is likely to increase by 7% this year to reach a new high of 1,800 points.

In terms of sectors, JPMorgan remains overweight on consumer products, luxury goods, and healthcare.

Thailand, Japan agree to boost agricultural cooperation

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Thailand, Japan agree to boost agricultural cooperation

Thailand, Japan agree to boost agricultural cooperation

THURSDAY, JANUARY 19, 2023

The agriculture ministers of Thailand and Japan agreed to have closer cooperation between the two countries during times of crisis when they held talks in Tokyo on Wednesday.

Thai Minister of Agriculture and Cooperatives Chalermchai Sri-on and Japan’s State Minister of Agriculture of Forestry and Fisheries Nonaka Atsushi held wide discussions on food security, agriculture conferences, and imports.

In an effort to advance collaboration in food security, Chalermchai urged both nations to lend each other assistance during crisis.

Regarding closer cooperation, Chalermchai suggested that agriculture sectors in the region need to be more sustainable and rely on the framework of the Japan-Thailand High-Level Cooperation Dialogue on Agriculture and Food Industries (HLCD) meeting.

“The HLCD’s third meeting, set to be held later and hosted by Thailand’s Ministry of Agriculture and Cooperatives, will give corporates from both nations a chance to give suggestions to the government sectors so as to boost trade between the two countries,” Chalermchai added. 

The Thai minister also called for easier import in both countries of profit crops, such as Kao Nam Pueng pomelo from Thailand and Japanese brown rice.

Thailand, Japan agree to boost agricultural cooperation

Both sides agreed to adopt a new economic partnership plan called “Measures for the achievement of Decarbonisation and Resilience with Innovation” (MeaDRI). 

“This is a good opportunity to strengthen cooperation in the agriculture sector between the two countries as well as to promote the expansion of regional connectivity. Thailand is ready to cooperate with the MeaDRI plan as it aligns with our policy and the Bio-Circular-Green Model,”  Chalermchai said.

Thailand, Japan agree to boost agricultural cooperation

Housing association urges govt to allow it to hire more foreign workers

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Housing association urges govt to allow it to hire more foreign workers

Housing association urges govt to allow it to hire more foreign workers

THURSDAY, JANUARY 19, 2023

The Home Builder Association is calling on the government to make it easier for its members to hire construction workers from neighbouring countries, saying they are already facing a labour shortage and demand for houses is rising.

Association president Olarn Chanphu said on Thursday that the house construction business began recovering late last year and that it was expected to expand 6% this year to 13.25 billion baht.

It can take a few months to sign contracts to hire foreign workers and the slow process can disrupt the construction business, Olarn said.

“We would like the government to be lenient by allowing us to hire foreign workers before the contract signing process is completed,” he said.

More workers are needed since Thailand fully reopened following the Covid-19 pandemic, Olarn added.

He called on the government to approve recruitment of construction labourers from more countries beyond Cambodia, Laos, and Myanmar. Specifically, the government should approve the import of labourers from Vietnam, the Philippines, Indonesia and Bangladesh, he said.

Olarn also said members of his association would not raise home prices for now because they had yet to deplete their stocks of construction materials.

Housing association urges govt to allow it to hire more foreign workersOnce their stocks are depleted, association members might raise their prices by 5% or more, depending on market prices of construction materials, he added.

Regarding the association’s proposal that the Bangkok Metropolitan Administration (BMA) approve house construction applications online, Olarn said that Bangkok Governor Chadchart Sittipunt supports the proposal because it will streamline the process and reduce the risk of corruption.

The BMA will hold a seminar on January 25 to explain the request for online applications to build houses.

Housing association urges govt to allow it to hire more foreign workersOlarn said he had been informed that the online application process would be limited to houses with no more than three floors that used no more than 300 square meters of space.

Association secretary-general Kosol Kowisut said a housing fair will be held in Muang Thong Thani’s Impact Hall from March 8 to 12.

Govt tops revenue target with more cash from state and private enterprises

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Govt tops revenue target with more cash from state and private enterprises

Govt tops revenue target with more cash from state and private enterprises

THURSDAY, JANUARY 19, 2023

The government surpassed its revenue target by 13.3% for the first three months of fiscal 2023 (October to December 2022), a senior official at the Finance Ministry said on Thursday.

Pornchai Suravej, director of the ministry’s Fiscal Policy Office, said the government’s total revenue in the quarter was 633.139 billion, an increase of 73.586 billion from the target set in its 2023 Budget Act.

The revenue collected in the quarter also represented a more than 13% increase from the first quarter of FY2022, Pornchai added.

The Finance Ministry has four main revenue streams for collecting money for the state: State enterprises, the Revenue Department, the Customs Department, and other agencies (those with revolving funds).

Pornchai said revenues from state enterprises rose in the first quarter because some had been late delivering profits from the previous fiscal year.

A rise in corporate income taxes due to the economy’s expansion saw increased payments to the Revenue Department.

The Customs Department also collected back taxes following courts decided in its favour in cases where payments were disputed.

Other agencies also received state revenue. For example, the National Broadcasting and Telecommunications Commission received revenue from the sale of mobile phone bandwidth and auction of FM radio licenses.

Pornchai said the revenue from the Excise Department fell short of its target because the government cut the excise tax on diesel by 5 baht per litre to control retail prices.

The Finance Ministry’s revenue in the quarter – excluding that collected from the four revenue streams mentioned above – was about 40.175 billion baht.

This was 7.2% higher than its target and 7.3% higher than the same period in FY2022.

Arkhom touts Thailand as sustainable investment oasis at World Economic Forum

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Arkhom touts Thailand as sustainable investment oasis at World Economic Forum

Arkhom touts Thailand as sustainable investment oasis at World Economic Forum

THURSDAY, JANUARY 19, 2023

Finance Minister Arkhom Termpittayapaisith touted Thailand as a leading destination for sustainable investment as he addressed the global business elite at the World Economic Forum on Tuesday.

Arkhom was speaking at the “Asean’s Green Promise” seminar during the annual four-day forum of world economic and political leaders in Davos, Switzerland.

He told participants that Thailand is committed to the sustainability goals of becoming carbon neutral by 2050 and achieving zero greenhouse gas emissions by 2065.

Thailand announced both targets at the United Nations COP 27 climate conference last year in Egypt.

“To achieve this, Thailand has pushed forward the Bio-Circular-Green (BCG) economy model to promote sustainable business operations across public and private sectors,” he said.

“We have also provided sustainable finance solutions, including issuing sustainability bonds, and allowing foreign companies to issue sustainability debt securities in baht currency.”

Following the seminar, Arkhom held talks with Visa Inc’s president Ryan McInerney to explore ways of using digital technology in Thailand’s taxation and payment system.

He also met with Telenor Group’s CEO Sigve Brekke to discuss future investment in Thailand’s telecom industry.

Earlier on Tuesday, the finance minister participated in the “Travelling Again, Differently” seminar, where he revealed Thailand’s successful formula to reopen for tourism in the face of Covid-19, using a sandbox programme and the “5F strategy” of Food, Fashion, Festival, Fighting, and Film.

He also mentioned that Thailand is considering measures to promote sustainable aviation fuel to fulfil the country’s environmental goals.

The World Economic Forum runs until Friday.

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FTI predicts growth in 17 industries will drive Thai economic rebound in 2023

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FTI predicts growth in 17 industries will drive Thai economic rebound in 2023

FTI predicts growth in 17 industries will drive Thai economic rebound in 2023

THURSDAY, JANUARY 19, 2023

The Federation of Thai Industries (FTI) expressed confidence that Thailand’s economic recovery will continue this year as the Covid-19 situation improves, prompting higher domestic consumption and a tourism rebound.

The tourism sector is expected to welcome at least 20 million foreign arrivals this year thanks to pent-up demand during Covid-19, China lifting travel restrictions, and government measures to boost tourism, said FTI vice president Kriangkrai Thiannukul on Wednesday.

Exports this year are slowing in line with the slumping global economy. However, benefits of free trade agreements under the Regional Comprehensive Economic Partnership (RCEP) and new FTAs with countries in the Middle East would help keep the Thai export sector afloat this year, he said.

The FTI estimates that 17 Thai industrial sectors will enjoy substantial growth this year, namely mechanical and metallurgical, automotive parts and components, digital, sugar, medical equipment, electricity generation, renewable energy, furniture, pharmaceutical, automotive assembly, petroleum refinery, metal casting, roofing and equipment, steel, food and beverage, printing and packaging, and environmental management.

Factors contributing to industrial growth in 2023 are Board of Investment (BOI) investment privileges, especially in industries related to the new and BCG or Bio-Circular-Green economy; baht balancing to benefit both importers and exporters; government investment in infrastructure; and rising private consumption.

Potential factors that could hamper industrial growth this year include global inflation and a continued rise of energy prices, fluctuations in food prices, rising interest rates that affect business costs, and the possibility of recession and trade war among major economies.

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