Single contract mulled for area management of Bang Sue Central Station #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382097?utm_source=category&utm_medium=internal_referral

Single contract mulled for area management of Bang Sue Central Station

Feb 14. 2020
By THE NATION

The board of State Railway of Thailand (SRT) has considered a proposal that area management of the Bang Sue Central Station should come under a single contract, instead of splitting into several deals, said acting governor Worawut Mala today (February 13).

The station, currently under the construction, will replace Hua Lamphong as the Bangkok’s main rail transport hub.

Under the existing plan, the bid to manage the areas will be divided into four contracts.

They are a five-year contract on managing internal area of the station, a five-year contract on a car parking zone, a ten-year contract on the commercial areas inside and outside the station, and a contract for managing advertising space inside the station.

The board believes that a major contract would look more attractive to potential bidders, he added.

Banks step in with relief measures amid virus impacts on clients #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382100?utm_source=category&utm_medium=internal_referral

Banks step in with relief measures amid virus impacts on clients

Feb 14. 2020
By THE NATION
Commercial banks have been monitoring impacts of the coronavirus outbreak on its clients and have provided them with relief measures to avert a rise in non-performing loan (NPL).

Krungthai Bank President Payong Srivanich said the bank’s NPL level would likely increase slightly from 4.3 per cent as of the end last year while blaming the declining economy.

The bank has stepped in by restructuring the debt of some clients or cutting the loan rate in a proactive move to keep the lid on NPL, he said.

It has yet to revise down its loan growth target this year, from  between three per cent and five per cent.

The bank believes the economic situation will improve once the goverment starts disbursement of the 2020 fiscal budget.

On the Bank of Thailand’s plan to introduce new guidelines for service fee calculation, Payong said it would only have a slight impact on KTB.

The central bank is expected to launch the guidlines in the third quarter.

TMB chief executive officer Piti Tantakasem said the risk factors, including coronavirus outbreak, could affect income of the banking sector.

Despite the  risks and uncertainties, he believes TMB would meet its loan growth target this year.

He added that the bank was prepared in managing the bad debt and reduce it as much as it can.

The new guidelines on calculating all types of banking service fee is not a major concern to TMB, he added.

Meet on power purchase from community projects #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382092?utm_source=category&utm_medium=internal_referral

Meet on power purchase from community projects

Feb 13. 2020
By THE NATION

The committee tasked to buy electricity from the planned community power plant projects will hold its first meeting on February 17 to consider criteria and conditions of the purchase, said Kulit Sombatsiri, Energy Ministry’s permanent secretary this week.

Four prototype community plants will be set up this year, he said, adding that two will be driven by biogas, located in Prachuabkirikan and Chiang Mai provinces. Both will have a capacity of one megawatt and will be managed by the Electricity Generating Authority of Thailand.

The other two will be operated by the Provincial Authority of Thailand (PEA) in Yala and Narathiwas.

All four will start commercial operation this year.

Social Security Office adds to holding in LPN Development #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382078?utm_source=category&utm_medium=internal_referral

Social Security Office adds to holding in LPN Development

Feb 13. 2020
By THE NATION

The Social Security Office has acquired another 1.28 million shares of property developer LPN Development, according to the latest report on acquisition or disposition of securities of the Securities and Exchange Commission.

The transaction raised the Social Security Office’s shareholding in LPN to a total of 73.26 million shares.

7-Eleven Owner, TDR are said to eye Marathon’s Speedway #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382047?utm_source=category&utm_medium=internal_referral

7-Eleven Owner, TDR are said to eye Marathon’s Speedway

Feb 13. 2020
A Marathon Petroleum Corp. Speedway gas station in Huntington, W.Va., on Oct. 18, 2016. MUST CREDIT: Bloomberg photo by Luke Sharrett.

A Marathon Petroleum Corp. Speedway gas station in Huntington, W.Va., on Oct. 18, 2016. MUST CREDIT: Bloomberg photo by Luke Sharrett.
By Syndication The Washington Post, Bloomberg · Scott Deveau, Kiel Porter, Takako Taniguchi

Marathon Petroleum Corp.’s Speedway gas-station division has drawn interest from potential buyers including the owner of convenience-store chain 7-Eleven as well as TDR Capital, people familiar with the matter said.

Seven & i Holdings Co., the Japanese company that controls 7-Eleven, is working with advisers as it considers a takeover of Speedway, according to the people. Any acquisition of Speedway could value the business at more than $20 billion, the people said, asking not to be identified because the information is private.

TDR has also been weighing a deal for Speedway, the people said. The private equity firm is interested in merging Speedway with one of its portfolio companies, U.K. gas-station operator EG Group, in a transaction that could be worth an estimated $26 billion, one of the people said. The proposal envisioned a tax-efficient method known as a Reverse Morris Trust, the person said.

Other suitors have also shown interest in Speedway, though there’s no certainty the deliberations will lead to a transaction, the people said. Representatives for Marathon, Seven & i, EG Group and TDR declined to comment.

Marathon Petroleum rose 2.9% to $58.39 at 9:39 a.m. in New york trading, giving the company a market value of about $37.9 billion.

Marathon Petroleum, a refiner under pressure from activist investors to break up, is exploring a sale of Speedway after announcing plans last year to spin off the retailer, people familiar with the matter said in January. Speedway, with about 4,000 stores in the U.S., could be worth as much as $18 billion including debt as a standalone company, Marathon Petroleum has said.

Tokyo-based Seven & i, Japan’s largest convenience store operator, has more than 69,000 stores in 18 markets globally, according to its website.

EG Group, run by billionaire co-founders Mohsin and Zuber Issa, has more than 5,500 stores in Europe and the U.S. under the brands Esso, BP and Shell, according to TDR’s website. The company was formed in 2016 when the Issa brothers’ company, Euro Garages, merged with TDR’s European Forecourt Retail Group.

EG Group is considering an initial public offering that could value the U.K.-based company at more than 10 billion pounds ($13 billion), Bloomberg News has reported.

Samsung plans to use Galaxy Z name on all future foldable phones #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382049?utm_source=category&utm_medium=internal_referral

Samsung plans to use Galaxy Z name on all future foldable phones

Feb 13. 2020
Samsung's Galaxy Z Flip phones are displayed in San Francisco on Tuesday. MUST CREDIT: Michael Short/Bloomberg

Samsung’s Galaxy Z Flip phones are displayed in San Francisco on Tuesday. MUST CREDIT: Michael Short/Bloomberg
By Syndication The Washington Post, Bloomberg · Sohee Kim

The Galaxy Z Flip isn’t Samsung Electronics Co.’s first foldable device, but it’s the first to carry the Z designation, which the company is dedicating exclusively to foldables.

Announced at an event in San Francisco on Feb. 11, the Z Flip is going on sale on Valentine’s Day at a price of $1,380. It’s shaping up to be the most refined and complete foldable phone to date, and though its price remains high, it is actually the most affordable foldable from a big-name manufacturer. In the space of a few months, Samsung has shrunk both the size and price of the $1,980 Galaxy Fold into a compact square device, and it’s decided the foldable category has earned a distinct division in its phone portfolio.

“With the Z Series, we are adopting a new naming convention for our foldable portfolio that shows our commitment to expanding the category to offer a variety of experiences,” a Samsung spokesperson told Bloomberg News in Seoul. “We chose ‘Z’ for this series because it intuitively communicates the idea of a fold while delivering a dynamic, youthful feel.”

Galaxy V would have been even more evocative of the Z Flip’s profile, but alas, Samsung already used that letter on a forgettable phone back in 2014.

Packaging firm to focus on Asean investment #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Packaging firm to focus on Asean investment

Feb 13. 2020
By THE NATION

SCG Packaging (SCGP), a company under SCG, forecast that its sales this year will expand in line with the projected growth of 6.1 per cent of the industry in Asean, said Wichan Jitpukdee, SCG’s president/packaging, on Wednesday (February 12).

SCGP recorded Bt89 billion in sales last year. It has allocated Bt8 billion (excluding budget for merger and acquisition) this year for the expansion of its packaging capacity in Asean.

Currently, its main production base and markets are in Thailand, Vietnam, Indonesia, the Philippines, and Malaysia.

The company is focusing its investment in the Asean market, he said.

SCGP has submitted its plan to list in the Stock Exchange of Thailand (SET) to the Securities and Exchange Commission.

Krungsri focusing on digital game changers #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382034?utm_source=category&utm_medium=internal_referral

Krungsri focusing on digital game changers

Feb 12. 2020
Krungsri President and Chief Executive Officer Seiichiro Akita (right)

Krungsri President and Chief Executive Officer Seiichiro Akita (right)
By The Nation

Bank of Ayudhya Pcl (Krungsri ) and its subsidiaries, under the Mitsubishi UFJ Financial Group (MUFG), has announced its business direction for 2020 with three strategic thrusts focusing on enhancing customer experience through digital transformation, data-driven capabilities and partnership strategy.  And to celebrate its 75th anniversary of sustained successes, Krungsri is committed to reduce greenhouse gas emissions by 7.5 million kgCO2e, underscoring the organisation’s responsibility in cli

And to celebrate its 75th anniversary of sustained successes, Krungsri is committed to reduce greenhouse gas emissions by 7.5 million kgCO2e, underscoring the organisation’s responsibility in climate change management.

Krungsri President and Chief Executive Officer Seiichiro Akita said, “Notwithstanding numerous challenges facing the banking sector in 2019, we delivered remarkable performances measured by both financial and ESG metrics, namely the healthiest loan expansion and strongest asset quality compared to D-SIB peers, as well as an inauguration of the first private sector gender bond not only in Thailand but also in the Asia Pacific”.

For 2020, the last year of the bank’s current medium-term business plan, Krungsri will continue to strive towards becoming a top-tier bank in Thailand, supporting by three key strategic thrusts across business segments, namely 1) Enhancing Customer Experience 2) Utilising Data Driven Capabilities and 3) Focusing on Partnership Strategy.

“Digital game changing through both products and processes innovation and services enhancements will be our 2020 strategic priorities. In particular, our prioritised initiatives will centre around the establishment of value-added ecosystems for our customers, including car user, home buyer, and SME ecosystems,” Akita added.

Aiming to contribute to the development of a sustainable society and linked to its ESG mandate, Krungsri has launched several business initiatives to support sustainable growth of local communities through digital innovation and financial inclusion.

In regard to greenhouse gas, it will reduce emissions to 7.5 million kgCO2e throughout its operations, including product and service offerings in support of Thailand’s transition toward the low carbon economy.

In 2020, Krungsri expects to see loan growth of 5 to 7 per cent and net interest margin of 3.4-3.6 per cent. Non-interest income growth is expected to be in range of -3 to 3 per cent while the NPL ratio is expected to be below 2.5 per cent.

All five bidders declared qualified for NBTC auction #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382026?utm_source=category&utm_medium=internal_referral

All five bidders declared qualified for NBTC auction

Feb 12. 2020
By THE NATION

The board of National Broadcasting and Telecommunications Commission (NBTC) today (February 12) declared as qualified bidders all five telecom operators which had submitted the bid documents for four spectrum bands on February 16.

The five were True Move H Universal Communication Company Limited (TUC) of True Corp, dtac TriNet of Total Access Communication, Advanced Wireless Network (AWN) of Advanced Info Service (AIS), TOT and CAT Telecom.

TUC, AWN, dtac TriNet and TOT targeted the 26GHz band, said NBTC secretary-general Takorn Tantasith.

AWN and TUC were also keen on 700MHz and 2,600MHz, he said, adding that CAT was also interested in the two bands.

None of them targeted the 1800MHz band, he said.

The NBTC will auction three licences of the 700MHz, seven licences of 1800MHz, 19 licences of the 2,600MHz, and 27 licences of the 26GHz. The NBTC expected the winners to use the bands to provide 5G wireless broadband service.

The competition for the 2,600MHz licences are expected to intensify, given the need for at least 100MHz bandwidth (ten licences) out of the available 190MHz bandwidth (19 licences) in the auction in order to enable the company to provide effective 5G service.

The 2,600MHz licence, each containing 10MHz bandwidth, is priced at Bt1.862 billion. Each bidder can have a maximum of 10 licences for this band.

Economists cut China’s growth forecast on coronavirus impact #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30382055?utm_source=category&utm_medium=internal_referral

Economists cut China’s growth forecast on coronavirus impact

Feb 13. 2020
File Photo: car factory in China

File Photo: car factory in China
By Syndication Washington Post, Bloomberg

The outbreak of the coronavirus and China’s efforts to stop the spread mean the economy will grow slower this quarter than first thought, according to economists.

Goldman Sachs Group, UBS Group and Macquarie Group are among those cutting their growth forecast for both the first quarter and the full year, while others expect material shocks to gross domestic product.

China’s real gross domestic product is now forecast to grow 5.8% this year, according to the median result in a Bloomberg survey. That’s down from 5.9% last month.