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https://www.nationthailand.com/business/corporate/40021714

How Rajadamnern Stadium regained its Muay Thai glory

FRIDAY, NOVEMBER 04, 2022

Opal Varunsuda

The first and oldest boxing stadium in Thailand is Rajadamnern Stadium in Bangkok. This arena was constructed 77 years ago in 1945 but had gradually fallen out of fashion in recent years. Rajadamnern then suffered a further blow when the Covid-19 pandemic arrived.

Varunsuda Karunayadhaj, Host,The Nation and Thienchai Phisitwuttinan, CEO of Global Sport Ventures (GSV) in Business Story ProgramHowever, the famous old boxing arena roared back to life in 2021 at the hands of Thienchai Phisitwuttinan, CEO of Global Sport Ventures (GSV).

He led Rajadamnern Boxing Stadium’s development as a sporting venue that appeals to all ages and genders. The result is a world tourism destination showcasing Muay Thai as Thailand’s soft power.

Thienchai Phisitwuttinan, CEO of Global Sport Ventures (GSV).

Why are you interested in boxing?

I was raised in a Nakhon Luang boxing family. This camp has produced several world-class fighters, including Weeraphon Nakhon Luang Promotion and Phi Laem or Sisaket Nakhon Luang Promotion [Srisaket Sor Rungvisai, two-time WBC flyweight world champion]. Every morning, I woke up in this world.
 

Why did you transform Rajadamnern Stadium?

This is a historic boxing ring. It’s the first Muay Thai arena. Muay Thai was developed by the Army to defend the nation. It is a treasure, and we can turn Muay Thai into a world-class sporting spectacle. We worked with Rajadamnern Stadium to make Muay Thai a world-class sport.

But in 2022, we also want Rajadamnern Stadium to be a bridge for all generations, groups, and ages to visit, so we need to add a lot of things to be entertaining.
RWS Rajadamnern World Series, Buakaw faced an old foe in Yoshihiro Sato at Rajadamnern Boxing Stadium.

What are your expectations for the Muay Thai industry?

We think Muay Thai can develop into something even greater. People from other countries all agree that this is the pinnacle of standing combat sports. This is Thailand’s “soft power” and it’s impressive. Rajadamnern Stadium and the Muay Thai competitions held there is the sporting entertainment I want to see.

In a world where NBA basketball and European football are two of the most popular forms of sports entertainment, I hope to increase Muay Thai’s profile by showing all people that it can be enjoyed as a spectator sport without fear. And everyone has the option to participate. We need to create a connection among Muay Thai communities around the globe.

What is the most difficult aspect of this industry?

If you ask me what is difficult, I would say that change is always challenging. However, we are fortunate to have dependable partners. Both Rajadamnern Stadium and the promoters share the same goal – the globalisation of Muay Thai. Everyone is pushing towards this objective. The arena or stage is the first step.

The stadium has undergone modernization so that it resembles a New York City Broadway theatre in the front. Despite being traditional, it is contemporary. The interior lighting and greater accessibility allow us to present a world-class sport for people who have never seen this sport, creating new viewing experiences for Muay Thai.

For the full interview, check out the Business Story: Rajadamnern Boxing Stadium.

Opal Varunsuda

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https://www.nationthailand.com/business/corporate/40021697

Average 4.5% salary hike expected for Thai staffers for next two years: Mercer survey

THURSDAY, NOVEMBER 03, 2022

Nongluck Ajanapanya

Thai employees can anticipate an increase in their salary this year and the following year as a result of better economic growth, the latest survey by Mercer shows.

The world’s leading risk and people management consultancy released its annual Total Remuneration Survey (TRS) 2022 on Wednesday, which revealed that Thailand’s projected salary increase was a median of 4.5%. Across all industries surveyed, no one predicted a decrease in salary increment.

According to the survey, the chemical, high tech, and life sciences sectors are expected to grow the most, by 4.9%, 4.8%, and 4.8%, respectively.

With the exception of the automotive and life insurance industries, forecast of increases in most industries have been the closest to pre-pandemic levels of 5% since the pandemic hit.

Their projected increases of 4.5% and 4% are still one point lower than their 2019 figures. Demand for automobile and life insurance is increasing, but it has not yet reached pre-pandemic levels.

Mella Daracan, Mercer’s Career Products Business Leader for Thailand, said that these salary increases are keeping up with inflation. When combined with Thailand’s recent 5% increase in minimum wage, lower-wage workers may be able to alleviate some of their concerns about rising living costs.

“While this minimum wage increase may increase inflation due to more money changing hands and put additional pressure on businesses,” Daracan noted, “Thailand’s overall economic outlook remains favourable, compared to the last couple of years.”

Furthermore, in terms of variable incentives, employees in Thailand can expect bonus payouts ranging from 1.3 to 2.5 months, with the life sciences industry providing the highest median payout of 2.4 months.
 

According to the survey, employers in Thailand are keeping the status quo on recruitment efforts. More than half (53%) of survey respondents stated that their headcount will remain unchanged in 2023. One-fifth of businesses (22%) plan to increase headcount, while only 4% plan to reduce headcount, down from 7% last year.

At the same time, voluntary attrition is expected to reach pre-pandemic levels of more than 10% in 2022, up from 9.4% last year. Consumer goods and life sciences are expected to have the highest turnover, as these industries are on the mend, with more business opportunities and job openings.

Overall, Thailand’s projected salary increase is slightly higher than the Asia Pacific average (excluding India, as of November 3) of 4.4%. Overall median salary increases in Asia reflect a disparity in pay progression between emerging and developed economies, with estimates ranging from 7.1% in Vietnam to 2.2% in Japan, the region’s lowest.

Juckchai Boonyawat, Mercer’s CEO for Thailand, said that as the Thai economy recovers from the pandemic, the country is naturally seeing an increase in voluntary attrition, as businesses re-hire and expand their talent pool to meet market demands.

He noted that there is fierce competition for skilled talent in the country right now.

“To attract talent, companies are offering higher wages and better benefits. Employees have also reported burnout and exhaustion in recent years and a desire for change,” stated Jackchai.

However, he stated that competing solely on wages is unsustainable; hence, employers may want to focus more on their employees’ value proposition in areas such as pay transparency, a clearer career path, and improved well-being through flexible work arrangements and wellness programmes.

He predicted that the next payment trend would be based on skilled base pay, which means that employees would be paid more or less depending on how many skills they have and whether or not the skills they have meet the needs of employers.

Employees must develop multiple skills, soft skills, and adaptability skills in addition to their technical and digital expertise, according to Juckchai.

Mercer conducted the survey between April and June of this year, sending a questionnaire to 636 organisations in Thailand across 15 industries. The branch of an international company makes up the majority (85%) of the organisations that participated in the survey.

Nongluck Ajanapanya

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https://www.nationthailand.com/business/corporate/40021691

Huawei to use 5G tech to develop smart ports in Thailand

THURSDAY, NOVEMBER 03, 2022

Huawei Technologies (Thailand) has signed a memorandum of understanding with the Port Authority of Thailand (PAT) to use 5G technology to develop smart ports.

The MoU was signed by Kevin Cheng, president of Huawei’s Thailand Enterprise Business Group, and PAT director-general Kriengkrai Chaisiriwongsuk in a ceremony on Wednesday.

After the signing, Cheng said it was the first time Huawei had the opportunity to work with the Port Authority.

He said Huawei would provide technology to help PAT transform its ports into “smart” and “green” ones during the three-year transitional period of the ports’ digitalisation.

Huawei would also provide knowledge and training to PAT staff to command its digital port facilities, he added.

Kriengkrai said the cooperation would allow the Port Authority to use the strong points of Huawei technology to develop solutions that would benefit marine transportation.

The MoU was aimed at having the two organisations seek advanced technologies to develop world-class smart ports and the two are determined to cooperate in research on how to use 5G and other advanced technologies for sustainable development of the logistics business and port operations, Kriengkrai added.

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https://www.nationthailand.com/business/corporate/40021658

AIS: Autonomous Networks form the basis of the journey towards Cognitive Tech-Co

THURSDAY, NOVEMBER 03, 2022

TM Forum hosted the annual Autonomous Networks Summit 2022 on 28th Oct in Bangkok. In which industry KOLs, global leading CSPs and vendor leaders have come together, shared thoughts and discussed the latest development and the future of Autonomous Networks (AN).

During the summit, TM Forum advocated partners from the industry to release the latest Autonomous Networks White Paper R4.0 together, and the CTO of TM Forum George Glass presented a “Autonomous Network White Paper Contribution Recognition” to AIS.

Mr Wasit Wattanasap, the Head of Nationwide Operation & Support Business Unit from AIS, delivered a keynote speech titled “Autonomous Networks Form the Basis of the Journey towards Cognitive Tech-Co” during the AN Summit.

•  Strategy

As a digital life service provider, AIS has variety of businesses across different fields including mobile, fixed-broadband, enterprise business and digital services. Mr Wasit introduced that as the network complexity and number of connectivity increases exponentially after the deployment of 5G. Traditional telecom providers will encounter difficulties such as slow revenue growth, ARPU pressure, and profit challenges. In order to overcome all these challenges, the network needs to become real-time and interactive while personalized services and autonomous network operations are also highly demanded. Therefore, AIS proposed the digital strategy “Cognitive Tech-Co”, aiming to transform from a traditional communications service provider to a cognitive technology company to deliver distinctive user experience for every customer. Along this digital transformation journey, Mr Wasit emphasized that AN has been playing a significant role and become the cornerstone of this journey.

•  AIS AN Objectives and Approach

Mr Wasit stated that referring to TM Forum’s and other industry standard organizations’ standards and assets, AIS has been collaborating with leading vendors to implement AN. He also mentioned that the short-term objective of AIS is to reach L3 by the end of 2023 across all network domains including RAN, Transport, Core, IT, Service Operations, etc. In order to fully achieve this goal, AIS has been making efforts in four dimensions: Defining AN target architecture, evaluating AN Level, implementing high-value use cases and collaborating with industry partners.

•  Achievements and Outlook

Based on TM Forum’s AN evolution loop, AIS has completed a full cycle of AN practice which covers 4 major pillars including AN Level evaluation, gap analysis, solution design and AN implementation. So far, Mr Wasit introduced that AIS has already completed a comprehensive evaluation of Autonomous Networks levels (ANLs) and business values of AN across multiple network domains. In particular, AIS finished end-to-end ANL evaluation for two typical scenarios including Customer Complaint Handling Process and Incident Management Process. According to the AN level evaluation results, Customer Complaint Handling has reached L2.2 and Incident Management has reached L2.1.

Mr Wasit shared the achievements of 4 high-value use cases during his speech, which are E2E Enhanced Radio CP Handling Process, E2E Intelligent Incident Management, 5GC Automatic Upgrade and Core Network Automatic Test. Which all successfully help AIS reduce 10%+ workload, improve 20%+ network efficiency, optimize 10% customer experience and enhance network intelligence and automation level.

Facing 2023, AIS will keep discovering and innovating along the AN journey towards L3 and beyond. AIS is open to collaborate with vendors to output more AN practices so as to co-create and contribute more high value assets including business and technical architectures. Eventually, AIS is aiming to move towards L4 by 2025 for the long-term objective.

AIS is the largest mobile operator in Thailand, subscriber market share of 46% with over 44 million subscribers and the 5G service covers 76% population nationwide. Positioning itself as a digital life service provider, AIS aims to become a Cognitive Tech-Co to deliver distinctive customer experience.