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https://www.nationthailand.com/business/corporate/40022426

‘Digital readiness key skill employers seek in staff’

THURSDAY, NOVEMBER 24, 2022

Nongluck Ajanapanya

A leading global human resources consulting firm said that digital readiness of personnel is what most employers desire in the 21st-century workplace.

Meanwhile, employers who prioritised supporting their employees to enhance their skills, advance their careers, and achieve their goals are regarded as the best employers that people want to work for, Kincentric (Thailand) said.

This condition is one of the key trends in management for long-term business growth, according to Kincentric experts who spoke at a press conference on Thursday.

Kincentric Thailand managing director and partner Adisak Chandprapalert said that Covid-19, global economic volatility, and the rapidly changing business environment have presented significant challenges to organisations, and businesses must find a way to move forward and continue to grow.

“According to our professionals in human resources and corporate management, today’s organisations must embrace new technologies while also creating a great employee experience by fostering the right culture and a work environment that allows people to succeed. This will foster creativity and drive long-term business growth,” he said.

At the same time, organisations have to build a culture of diversity and inclusion. This may be difficult as it may challenge some organisations due to their current culture, Adisak added.

Kincentric Thailand partner Napas Sirivarangkul said that as organisations embrace digitalisation in order to move forward, employees’ digital readiness is required.

She defined digital readiness as the ability to learn, be curious, and adapt.

Meanwhile, human resources departments must adapt their working methods, maintain an open attitude, and recognise that in today’s labour market, organisations choose their preferred candidates based on their needs.

According to Napas, organisations must also take advantage of accepting and respecting differences in order to improve the working environment for their employees.

Furthermore, as attitudes towards employment change, organisations are more likely to include both full-time and part-time employees, such as outsourced or independent (gig) workers, who are becoming more common in Thailand, Napas said.

“The key word here is engagement between employers and employees. Employees who are engaged will talk positively about their organisation, will stay with the organisation in good and bad times, and will devote their energy to working together to fully develop the organisation,” she noted.

Paulin Porkaew, project manager of “Kincentric Best Employers 2022”, said in order to raise awareness among the business community about the importance of effective management and for creative and sustainable growth, Kincentric (Thailand) has collaborated with Sasin Graduate Institute of Business Administration of Chulalongkorn University (Sasin) for more than 20 years to organise the Best Employers Thailand awards to world-class standards.

This year is the 22nd edition of the awards and featured 94 participants from 13 industries covering a wide range of businesses and industries including energy and utilities, finance, consumer products, and retail. Shortlisted participants are assessed in three principal areas: employees’ opinions, a public survey and corporate performance.

Paulin revealed that 11 organisations were chosen for “Kencentric Best Employers Thailand Awards 2022” based on their human resource management and how it relates to corporate strategy, human resource management efficiency, and corporate leaders’ policies. The awards ceremony was held on November 23.

The 11 companies that received awards were:

      1. Cargill Thailand

      2. Suntory PepsiCo Beverage (Thailand) Company Limited

      3. DHL Express International (Thailand) Limited

      4. Central Marketing Group (CMG)

      5. B2S

      6. Central Pattana Public Company Limited (CPN)

      7. Robinson Public Company Limited

      8. Food Passion Company Limited

      9. Electricity Generating Authority of Thailand (EGAT)

      10. Maersk Thailand and Siam Shoreside Services

      11.Bangkok Industry Gas Company Limited (BIG)

“This year, we studied our winners’ corporate management strategies using the ‘Reveal, Relearn, Rethink, and Reshape’ strategy,” Paulin explained.

She noted that this also reflects what Kincentric is attempting to emphasise, which is that being the best employer entails continuously developing the organisation and its people. Furthermore, the award is a metric that can help the company grow more efficiently and sustainably, she added.

Nongluck Ajanapanya

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https://www.nationthailand.com/business/corporate/40022406

One Bangkok announces partnership with Leafy, setting a precedent for luxury residential developments in Thailand

THURSDAY, NOVEMBER 24, 2022

One Bangkok, the largest holistically integrated district in the heart of Bangkok, announced a partnership with Leafy Co., Ltd., to offer high-end built-in furniture from B&B Italia and Boffi as standard interior décor in One Bangkok’s residential development, setting a new standard for luxury residences in Thailand as the first project to do so.

Worawat Srisa-an, Deputy Chief Executive Officer, Frasers Property Holdings (Thailand) Company Limited, a Development Manager of One Bangkok said, “One Bangkok will set new benchmarks in Thailand’s real estate industry by bringing global standards to all aspects of the development. Our commitment to enhancing the quality of life for urbanists and our modern and progressive design principles are at work in both the interior and exterior spaces of the residential’s project.”

By forging a strong partnership with Leafy, the companies are able to offer the combined benefits of a prestigious residential address with built-in furniture by Italian design leaders B&B Italia and Boffi, setting the bar for the level of refinement prospective clients can expect from One Bangkok.

“Our partnership with Leafy is founded on shared values of quality and excellence. Our goal was to find a partner who was ready to work hand-in-hand with our design team to bring an unrivalled living experience to One Bangkok,” he said.

” The singular identity of B&B Italia and Boffi, the highest quality luxury furniture brands guaranteed by international design awards and superlative heritage, is alive in all residences through iconic and timeless pieces of design furniture, all marked by their philosophy: comfort and versatility combined with technological innovation. At the same time, their shared vision of sustainability and environmental responsibility aligns perfectly with One Bangkok’s values.” added Worawat.

Mr. Yupatat Yipintsoi, Managing Director of Leafy Co., Ltd., said, “Choosing the right partner to bring this first-in-Thailand concept to life was very important to us. One Bangkok shares our vision for environmental sustainability and excellence in design and quality. As for B&B Italia and Boffi, their technological innovations in production led them to become certified furniture for projects seeking LEED and WELL certification. With One Bangkok offering a level of quality as standard, we are making a statement in Thailand’s real estate market – a true game-changer when it comes to luxury living.”

“B&B Italia and Boffi are renowned for their continued development and research on the inclusion of sustainable design principles in their production processes to minimise environmental impact. Boffi has obtained ISO 14001 certification, a benchmark for environmental management systems. Meanwhile, B&B Italia is committed to developing products characterised by superior recyclability and disassembly properties. 

One Bangkok is the only project in Thailand where the standard interior design includes built-in furniture from the retail collections. The significance of the retail collection is that it allows residents to shop for fitting and styling their furniture without completely discarding the structure in the future. This offers unparalleled flexibility for prospective clients and demonstrates One Bangkok’s deep understanding of modern luxury living,” added Yupatat.

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https://www.nationthailand.com/business/corporate/40022403

SCB Julius Baer welcomes executives from Julius Baer Group and Siam Commercial Bank, reaffirming ambition to expand Thailand wealth management business

THURSDAY, NOVEMBER 24, 2022

SCB-Julius Baer Securities Co., Ltd. (SCB Julius Baer), a joint venture between Siam Commercial Bank, the first Thai bank, and Julius Baer, a leading global wealth management business from Switzerland, recently opened its doors to senior executives from both Julius Baer Group and Siam Commercial Bank to attend its board meeting and discuss the strategic growth direction of its wealth management business in Thailand. The Company is fully committed to establishing itself as the go-to wealth management business for ultra-high-net-worth individuals (UHNWIs) and high-net-worth individuals (HNWIs) in Thailand.

SCB X PCL Chief Executive Officer Arthid Nanthawithaya in his capacity as Chairman of the Board of SCB-Julius Baer Securities Co., Ltd. said, “The wealth management business in Thailand has been expanding rapidly over the past several years, notably among UHNWIs and HNWIs with assets over 100 million Thai baht. We foresee this growth trend continuing, reflecting the optimistic market outlook for our businesses. Delivering excellent wealth management solutions and services are an integral part of the Company’s plan for long-term success. SCB Julius Baer has our full confidence in their ability to support us in developing and expanding our wealth management operations to meet our objectives.” 

SCB-Julius Baer Securities Co., Ltd. Chief Executive Officer Lalitphat Toranavikrai noted, “Our dedication and commitment to growing our wealth management company in Thailand was demonstrated by the presence of top executives from the Julius Baer Group and Siam Commercial Bank at our latest Board meeting where we discussed strategic growth plans. Our established team of investment planning experts with knowledge, experience, and a deep understanding of high-net-worth customers in Thailand and backed by Julius Baer’s international world-class wealth management standards, enables us to advise key clients in Thailand on how to most effectively achieve their investment goals despite challenging global market conditions. As a result, our AUM continued to grow as a result of both the steady additions of new clientele and the continued contributions from our existing clientele.”

Philipp Rickenbacher, Chief Executive Officer of Julius Baer Group Ltd., remarked, “I am delighted to make my first visit to Thailand since the pandemic to meet with colleagues at SCB Julius Baer as well as re-connect with our key clients here. Julius Baer is fully committed to growing in Asia, our second home market, as well as in Thailand, where the demand for global wealth management expertise continues to grow.”

Jimmy Lee, Member of the Executive Board, Julius Baer Group Ltd. and Head of Asia Pacific, Bank Julius Baer, and Member of the Board of Directors, SCB-Julius Baer Securities Co. Ltd., added, “I am confident there are significant opportunities for us to leverage in the Thai wealth management market as clients seek to diversify their investment portfolios and place increasing importance on wealth planning solutions. This outlook bodes well for the SCB Julius Baer team, and we look forward to continuing our close partnership to access the untapped prospects in this key market.”

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https://www.nationthailand.com/business/corporate/40022400

Bangchak unveils ambitious new strategy as it prepares for sustainable future

THURSDAY, NOVEMBER 24, 2022

Bangchak Group has come up with a corporate strategy to enable its five business groups to achieve 10-fold growth in earnings before income tax, depreciation and amortisation (EBITDA) by 2030.

Chief executive officer and president Chaiwat Kovavisarach revealed that the group had adapted to the Covid-19 crisis with its 3Rs approach:

• Refocus, by accelerating the balance between energy security and the transition to clean energy
• Restructure, by creating new channels to access markets and customers
• Reimagine, by selecting opportunities and investment tools that optimise returns for the company

In the first nine months of 2022, the group recorded EBITDA of 37.773 billion baht, compared to an average of 10 billion baht from 2015 to 2020.

“Today, Bangchak Group is moving towards a critical challenging new era to achieve net zero greenhouse gas [GHG] emissions by 2050, with the first milestone of carbon neutrality by 2030.

“As such, Bangchak has adopted a new vision and mission: ‘Crafting a Sustainable World with Evolving Greenovation’, set growth strategies through to 2030 for the five business groups aligned with the BCP 316 NET plan that will lay the foundation of future sustainable growth targets,” Chaiwat said.

Refinery and oil trading

The company is committed to its niche product refinery capacity such as unconverted oil, and Sustainable Aviation Fuel (SAF) by leveraging growth from new capabilities in addition to refining and process efficiency enhancements, he said.

It aims to increase the EBITDA proportion of non-transportation fuel to more than 60% by 2030.

Marketing business

The company aims to develop consumer-centric services beyond the service station, through the scale-up of non-oil offerings such as food and beverages, and EV chargers, Chaiwat said.

The company also planned to develop partnerships and revenue from the franchise scheme by expanding the service station network to cover 1,900 stations, and 3,000 Inthanin locations by 2030.

Green Power business

The company targets to increase its capacity to 6,800 GWh, mainly from green power business growth from local projects under the new Power Development Plan (PDP 2022 from 2022 – 2037) and development abroad as the world transitions to clean energy, compounded by future peripheral growth such as battery and energy storage, Energy as a Service (EaaS), new forms of energy, and low-carbon businesses.

Bio-based products business

The company targets to increase the proportion of high-value products to more than 70% of EBITDA, to become its core business.

The company plans to emphasise health products development through Synthetic Biology (SynBio) to design and manufacture desired qualities for the global health and beauty segment such as good health and well-being.

Moreover, the company plans to strengthen and expand its biofuel business, especially SAF for the aviation industry.

Natural resources and new business

To address energy security through the expansion of natural resources businesses, with the exploration and growth business, the company targets to produce more than 100,000 boepd (barrels of oil equivalent per day) by 2030 through capability enhancements of OKEA ASA Norwegian oil field holdings, in which Bangchak Group is the principal shareholder.

Moreover, it is exploring growth in other high-potential locations.

Apart from this, the company targets to increase the proportion of new developing businesses to 7 billion baht EBITDA by 2030, such as Winnonie, the battery as a service ecosystem for EV-bikes, liquefied natural gas, and new S-curve businesses.

Chaiwat added the strategy will unlock EBITDA growth up to 10-fold by 2030, while also balancing energy security and environmental sustainability, reiterating the approach to develop sustainable business innovation in harmony with the environment and society.

Meanwhile, the company also revealed its new corporate logo which will be effective from Wednesday.

“From 2015, Bangchak Group, as the leader in energy transition, expanded into new businesses such as green energy business, bio-based products, natural resource, Bangchak Initiative and Innovation Center (BiiC), in addition to its foundational businesses of refining and oil trading, and marketing businesses, and becoming a transnational corporation with operations in more than 10 countries around the world.

“Like a journey into a new era, where more opportunities for growth await, leading to the introduction of the new corporate identity and new corporate logo, symbolising everlasting innovative energy power towards the future,” Chaiwat said. “It reflects the vision of ‘Crafting a Sustainable World with Evolving Greenovation, mission of ‘Committing to accelerate sustainable energy transition while balancing energy security.”

“We are energising lives through greenovative solutions and promoting ESG [environmental, social, governance] for all” and corporate strategy for business growth and expansion of Bangchak Group,” Chaiwat said.

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• Bangchak Group joins national effort towards a low-carbon society with “BCP NET” plan to achieve Net Zero by 2050