Coleman’s hedge fund Tiger Global ends 2019 with 33% gain #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380305?utm_source=category&utm_medium=internal_referral

Coleman’s hedge fund Tiger Global ends 2019 with 33% gain

Jan 09. 2020
By Syndication Washington Post, Bloomberg · Hema Parmar

Chase Coleman’s Tiger Global Management returned 33% last year, beating the broader stock market even after slashing its valuation of beleaguered e-cigarette company Juul Labs Inc.

The stock-picking hedge fund was just down 0.2% in December, according to a person familiar with the matter.

In September, the fund cut its valuation Juul by half to $19 billion, Bloomberg reported. The fund was poised to record a $1 billion profit on its private investment in exercise company start-up Peloton Interactive Inc. if it went public at $26 a share. Peloton debuted at $29. The S&P 500 Index gained 29% last year.

Tiger Global’s returns benefited as its seven-largest disclosed U.S. stock positions as of the third quarter all climbed double-digits last year. Of them, Apollo Global Management Inc. jumped about 107%, TransDigm Group Inc. soared 84% and JD.com Inc. rose 68%.

Coleman’s Tiger Global, which runs both a hedge fund and also makes private venture investments, oversees $36 billion. The firm’s assets have swelled by 80% since May 2015.

A spokeswoman for the firm declined to comment.

Stocks rebound after Trump addresses nation on tensions with Iran #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380304?utm_source=category&utm_medium=internal_referral

Stocks rebound after Trump addresses nation on tensions with Iran

Jan 09. 2020
By The Washington Post · Rachel Siegel, Thomas Heath 

Oil prices and U.S. stock futures whipsawed Tuesday night after Iran fired on Iraqi bases housing U.S. troops, but markets calmed down and eventually rebounded after President Donald Trump eased fears that a skirmish was going to escalate into a full-blown war.

All three major U.S. stock indices ended in positive territory, with the technology-heavy Nasdaq composite hitting an all-time high of 9,129, a gain of 60 points or 0.67 percent. The Dow Jones industrial average posted a 161-point gain after having sunk more than 400 points on the overnight scares. The Dow finished at 28,745, a 0.56 percent gain. The Standard & Poor’s 500 index ended the day at 3,253, a 16-point advance, after having struck an all-time high during the day.

In an address to the nation just before noon on Wednesday, Trump said the U.S. would impose additional economic sanctions on Iran but that “the U.S. is ready to embrace peace with all who seek it.”

The president’s statement calmed nervous investors and stocks took off.

“Iran responded. No lives were lost. America is back to business. Next?” said Michael Farr, president of Farr, Miller & Washington, a District of Columbia investment firm. Farr said markets had rallied on the new “peace.”.

But there was skepticism over whether the peace will hold and for how long.

“The ‘all clear’ has yet to be signaled, as tightened economic sanctions will likely fan the flames of hostility,” said Sam Stovall, chief investment strategist at CFRA.

The analysts saw Iran’s ballistic missile attack on American bases in Iraq as a face-saving move for Tehran, allowing it to say it had followed through on its promised retaliation for the United States killing of its top military commander. “Once the smoke cleared, literally, from the Iranian missile attacks, it was clear that our worst fears were not realized. No U.S. fatalities and no damage to any oil infrastructure,” said John Kilduff, an analyst with Again Capital.

“Investors concluded that neither Iran nor the U.S. want to up the ante,” said Ed Yardeni, president of Yardeni Research.

Investor anxiety also was seen in the surge of gold and bitcoin prices overnight. Both gold and bitcoin are considered to be safe investments during waves of economic volatility or political upheaval. Those markets pared back Wednesday morning from their late-night highs.

“You can put money into what is perceived as a safe haven, such as bitcoin and gold today” said Ivan Feinseth, chief investment officer of Tigress Financial Partners. “You can risk on, risk off with a mouse click.”

Meanwhile, in the oil market, Brent crude and West Texas Intermediate pulled back after spiking more than 3 percent in the hours after the missile attacks. A barrel of WTI was was down more than 4 percent in late-afternoon trading on Wednesday. Brent crude, which is seen as more vulnerable to an interruption, was trading down more than 3 percent late in the day.

So long as oil kept flowing out of the region, analysts expected no immediate impact on consumer gas prices. Last week, immediately after Iranian Maj. Gen. Qasem Soleimani was killed in the airstrike ordered by Trump, crude oil prices jumped about 3 percent and investors braced for retaliation.

On Tuesday night, Trump tweeted that “All is well!” Meanwhile, Iran’s Revolutionary Guard claimed dozens of U.S. soldiers were killed.

“All is well! Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far! I will be making a statement tomorrow morning,” Trump wrote.

Aerospace giant Boeing was one of the biggest drags on the Dow. Early Wednesday, a Ukrainian passenger jet carrying more than 170 people crashed in Iran shortly after takeoff. Iranian state media quoted a senior official at Tehran’s main international airport saying that the Boeing 737-800 probably crashed because of technical difficulties.

But Ukraine banned all flights from Iranian airspace, as did several other countries in response to escalating tensions between Iran and the United States.

The crash comes at a time of extreme tumult for Boeing, which last month fired its chief executive, Dennis Muilenburg. The century-old American company has struggled to overcome two fatal airplane crashes blamed on a faulty software program and poor corporate oversight.

“Regardless of what led to the crash, a 737 crash of some sort has been in the news in each of the last three years,” said Jamie Cox of Richmond-based Harris Financial Group. “Investors are rightfully nervous of what the future holds for a company whose reliability quotient is being questioned.”

Still, the Dow was buoyed by strong payroll numbers for the end of 2019. A report Wednesday from ADP and Moody’s Analytics said companies added 202,000 positions in December as the solid labor market headed into 2020.

Power plant fast-tracked to ensure South’s energy #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380291?utm_source=category&utm_medium=internal_referral

Power plant fast-tracked to ensure South’s energy

Jan 09. 2020
By THE NATION

Units 1 and 2 of a planned Surat Thani power plant will be feeding electricity into the grid two years earlier than scheduled to ensure energy security in the South.

Electricity Generating Authority of Thailand (Egat) chairman Kulit Sombatsiri said on Wednesday (January 8) the hastened schedule for that project resulted from a delay in construction of a coal-fired plant in the region.

Units 1 and 2 of the Surat Thani plant will have combined capacity of 1,400 megawatts, said Kulit, who also serves as the Energy Ministry’s permanent secretary.

The rescheduling is also in line with the revised 2018 Power Development Plan, which originally foresaw Unit 1 coming online in 2027 and Unit 2 in 2029.

Kulit asked Egat to draw up plans to obtain the natural gas needed to run both units.

The Egat board late last month agreed to enter into a natural gas sales-and-purchase deal with PTT Plc.

Alibaba’s Taobao Global kicks off world initiative in Thailand #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380293?utm_source=category&utm_medium=internal_referral

Alibaba’s Taobao Global kicks off world initiative in Thailand

Jan 08. 2020
From left: Yao Wei, director of Taobao Global, Somdet Susomboon, director-general of the Department of International Trade Promotion, and Lin Dunhong, president of Thailand Zonet Buyers Development Alliance

From left: Yao Wei, director of Taobao Global, Somdet Susomboon, director-general of the Department of International Trade Promotion, and Lin Dunhong, president of Thailand Zonet Buyers Development Alliance
By THE NATION

Taobao Global, under Alibaba’s Taobao Marketplace that enables overseas merchants to sell cross-border to Chinese consumers, on Wednesday (January 8) announced the launch of its latest global initiative “Project Magellan” in Bangkok.

Taobao Global creates business for SME brands from around the world through its community of buyers – online personalities who use social media posts and livestreams to engage with and promote items to their followers in China and generate sales for various brands.

Taobao Global buyers, made up of influencers in different fields, delve deeply into overseas lifestyles and curate quality overseas products for Chinese consumers.

Under Project Magellan, named after Portuguese explorer Ferdinand Magellan, who led the first expedition in history to circumnavigate the world, Taobao Global will step up its efforts to discover “small but beautiful” brands around the world and bring home products that appeal to Chinese consumers.

By working with government agencies, industry players and local partners in its target markets, the platform will organise a series of sourcing activities for Taobao Global buyers to curate cool and unique brand products direct from the source, and at the same time facilitate the market entry of local SMEs that have the potential to succeed in China.

Home to a diverse range of distinctive products, Thailand has been chosen as the first market for the roll-out of Project Magellan, with a target to boost the number of Thai brands selling on the platform by at least 25 per cent within this year.

In particular, Taobao Global will focus on empowering Thai SME brands selling popular products including latex pillows, latex mattresses, dried fruits and beauty items to grow on its platform.

Other target markets covered by the project include Japan, Korea, Australia, Europe, North America and others.

“We are delighted to see yet another initiative by Alibaba to support the growth of Thai businesses in the digital era. Taobao Global’s selection of Thailand as a priority market for its new programme will enhance global recognition of Thai products and boost the confidence of Chinese consumers. It will be an important step in driving the popularity of Thai products on the online market in China,” said Somdet Susomboon, Director-General of the Department of International Trade Promotion, Ministry of Commerce.

“China’s young consumers are increasingly showing an appetite for products of individuality and quality, and we believe Thai products are an answer to their demand. Many Thai SME brands offer attractive products but remain relatively unknown outside of their home market. By pairing them with resources from our platform, including digital tools, platform insights and support from professional buyers who are adept at discovering demands and inspiring their followers to try new things, we believe we can offer these brands a fast track to secure a foothold on China’s largest mobile commerce destination – Taobao Marketplace,” said Yao Wei, Director of Taobao Global.

To kick off Project Magellan, a group of key Taobao Global buyers will go on a full-day factory tour in Thailand on Thursday (January 9) and introduce via livestreaming to their followers Thai household, food and beauty products, from the very places where the items originate.

A Thailand-themed marketing campaign is also held this week on Taobao Marketplace featuring flash sales and product recommendations by Taobao Global buyers.

In an effort to build a healthy buyer ecosystem in Thailand, Taobao Global has also formalised its relationship with Thailand Zonet Buyers Development Alliance, the first self-initiated Taobao Global buyer alliance in Thailand.

The alliance, which currently has more than 100 members based in Thailand, will collaborate with Taobao Global this year to introduce more interesting Thai brands to Taobao shoppers and drive Thailand’s exports through marketing campaigns, buyer training and buyer-brand matching.

Taobao Global currently counts close to 400 buyers in Thailand. The top three industries of Thai brands represented on the platform are bedding products, beauty and food.

Launched in 2003, Taobao Marketplace (www.taobao.com) provides consumers with an engaging, personalised shopping experience, optimised by big-data analytics.

Through highly relevant and engaging content and real-time updates from merchants, consumers can learn about products and new trends.

They can also interact with each other and their favorite merchants and key opinion leaders. Merchants on Taobao Marketplace are primarily individuals and small businesses.

SET players advised on investment decision as US-Iran tensions rise , SET plunges 1.6 per cent #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380290?utm_source=category&utm_medium=internal_referral

SET players advised on investment decision as US-Iran tensions rise , SET plunges 1.6 per cent

Jan 08. 2020
Pakorn Peetathawatchai, president of the Stock Exchange of Thailand

Pakorn Peetathawatchai, president of the Stock Exchange of Thailand
By The Nation

Investors are taking into accounts development in the Middle East as hostility escalates between US and Iran, said Pakorn Peetathawatchai, president of the Stock Exchange of Thailand.

Tensions in the Middle East have adversely affected global stock trading, with some markets plunging by 2 per cent on one-day trade, said Pakorn. He made the comment after Iran retaliated US strike by firing dozen of missiles into US military bases in Iraq on Wednesday morning (January 8).

“Investors should assess how the situation affects each market, or how it affects different companies and businesses,” he said, adding that the impact are not identical.

The SET index fell on Wednesday(January 8) with investors opting to hold more cash or investing in low-risk assets. However, high liquidity in the Thai bourse combined with multiple investor groups, provide resilience. When the index fall at some points, it usually rebound quickly, he said.

“Investors must closely follow the news, assess whether the index has over- reacted before making a decision,” he advised. It is very hard to predict how the situation will evolve or how long it will last, he said.

However, Pakorn was optimistic about the local economy, saying that it remains sound while listed firms could still make a profit. In the event of a crisis, investors could still find investment opportunity in high return or profitable stocks. The SET is collaborating with the Bank of Thailand and the Securities and Exchange Commission (SEC) to gather information on the situation in the Middle East.

He reassured investors that the SET’s trading system could handle high trade volume. The SET index ended Wednesday (January 8) at 1,559.27, plunging 25.96 points or 1.64 per cent from Tuesday’s close, with a trade volume of Bt65 billion.

Thailand, Bangladesh want Bt60 billion in trading by 2021 #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380288?utm_source=category&utm_medium=internal_referral

Thailand, Bangladesh want Bt60 billion in trading by 2021

Jan 08. 2020
Deputy PM and Commerce Minister Jurin Laksanawisit, centre

Deputy PM and Commerce Minister Jurin Laksanawisit, centre
By The Nation

The value of Thai-Bangladesh trade has been targeted to reach US$2 billion (Bt60 billion) by 2021 following a meeting in Bangkok on Wednesday (January 8).

Deputy Prime Minister and Commerce Minister Jurin Laksanawisit presided at the fifth Thai-Bangladeshi Joint Trade Committee meeting, where the focus was on agriculture, fisheries, livestock, health services and transportation.

The two countries have enjoyed warm relations for 47 years, benefiting particularly from their economic ties.

Thailand regards Bangladesh as an important strategic partner in terms of trade, investment and transportation. It was Thailand’s third-largest trading partner in South Asia in 2018.

The $1.2 billion worth of annual trade between the countries includes $1.2 million worth of Thai exports to Bangladesh and $59 million worth of imports from Bangladesh.

In the first 11 months of 2019, Thai imports from Bangladesh rose by 38.3 per cent over the same period of 2018. And Thai interest is increasing in key products such as jute yarn, shoes and ready-made garments.

Thai direct investment in Bangladesh from 2006-2019 amounted to $1.5 billion, with much it going into agro-industrial and agro-processing businesses, construction and hotels.

Bangladeshi direct investment in Thailand in the same period was worth $1.12 million.

The partners are in advantageous geographical proximity for mutual trade and extension of their trade across the region. Thailand is central to Southeast Asia and has infrastructure and policy in place to support investment in the form of development projects as the Eastern Economic Corridor, by which Bangladesh will be able to distribute its goods across the region and to East Asia. Bangladesh on the Indian Ocean has the modern infrastructure to facilitate Thai products and services in South Asia, the Middle East and Africa,

Thailand is seeking to more closely link Ranong Port with Bangladesh’s Chittagong Port as a channel for transporting goods.

Jurin invited Bangladeshi businesspeople to visit the international exhibitions held here annually, such as the Bangkok Gems and Jewellery Fair, Thaifex and Style Bangkok, and he urged Dhaka to pursue a free-trade agreement with Bangkok.

Call for new export markets amid US-Iran conflict #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380287?utm_source=category&utm_medium=internal_referral

Call for new export markets amid US-Iran conflict

Jan 08. 2020
By THE NATION

The Joint Standing Committee on Commerce, Industry and Banking has urged the government to explore new export markets in replacement of the Middle East amid escalating tensions between US and Iran.

The Thai economy, said committee chairman Kalin Sarasin on Wednesday (January 8), continues to suffer from the negative factors from 2019, including the economic slowdown, currency fluctuation, and the US-China trade war.

Despite signs of improvement, the US-China conflict needs to be closely monitored, he said.

The escalating hostility between US and Iran has become the latest negative factor to the Thai economy this year, as it could spike up global oil prices in the long term.

He said the government should look for new export markets such as Bangaladesh and Asean countries as substitutes to the Middle East. Though the region accounts for only 3.5 per cent of Thailand’s total exports, the government should not under-estimate the situation, he added.

The committee also urged the government to take several actions to counter factors weighing down the economy.

It wants the government to speed disbursement of the fiscal 2020 budget, prepare emergency plans to mitigate the effects of drought and deal with possible impacts from the escalating US-Iran conflict.

The government should also manage the baht so that spikes in its value against other currencies do not disadvantage the country.

Employers and employees should be permitted to halve their social welfare contributions for six months, the panel recommended.

And electricity bills should be reduced for small and medium-sized enterprises (SMEs) and for people who offer lodgings by 5 per cent for one year to help lower their operating costs.

Committee members agreed that Thailand will this year continue to suffer because of the subdued global economy and meanwhile more negative factors have emerged – the US-Iran situation and the spreading drought.

The committee believes forthcoming tallies will show that the economy expanded by just 2.5 per cent last year.

This year, exports have limited room to grow and the sector will likely not grow at all, resulting in a 2-per-cent contraction year-on-year.

Economic growth this year should be between 2.5 and 3 per cent, the committee predicts.

Inflation is expected to be in the range of 0.8 to 1.5 per cent assuming that the global crude oil price stays at US$70 per barrel for six months.

The Cabinet on Tuesday earmarked more than Bt100 billion to support struggling SMEs, including a tax exemption for those that restructure their bank loans.

Lavaron Sangsnit, director-general of the Fiscal Policy Office, told reporters on Tuesday that the Finance Ministry has proposedthe assistance packagebecause SMEs are facing high risk stemming from the US-China trade tensions, uncertainty over the global economy, export contraction and the strengthening of the baht.

Facebook exec says company was responsible for Trump’s victory and warns against policy changes #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380262?utm_source=category&utm_medium=internal_referral

Facebook exec says company was responsible for Trump’s victory and warns against policy changes

Jan 08. 2020
File Photo: President Trump

File Photo: President Trump
By The Washington Post · Craig Timberg, Nitasha Tiku 

Longtime Facebook executive Andrew Bosworth said in a blunt internal post that the company’s advertising tools were crucial to the election of President Donald Trump in 2016 and may help him win again but that executives must resist the temptation to make policy changes that would alter the course of legitimate political debate.

The post, which appeared on the company’s internal systems last week and surfaced in news reports Tuesday, reflected the combination of anguish, defensiveness and brash self-confidence that many of the company’s employees have more privately expressed in the difficult aftermath of Trump’s unexpected victory.

Bosworth’s post also shed light on the thinking within the company’s highest levels as it heads into a new election year amid controversies over its reluctance to police lies by politicians or limit their ability to narrowly target small groups of voters. Critics have cited both issues as key to helping staunch the flood of disinformation on the platform.

“So was Facebook responsible for Donald Trump getting elected? I think the answer is yes, but not for the reasons anyone thinks,” wrote Bosworth, the company’s vice president for augmented and virtual reality and long considered close to Chief Executive Mark Zuckerberg.

Bosworth dismissed the idea that Russian efforts to manipulate U.S. voters over Facebook, a subject of extensive government investigation and journalistic scrutiny, was crucial to Trump’s victory. Bosworth, who shared his post publicly after The New York Times published it, also downplayed the importance of the use of Facebook data by political consultancy Cambridge Analytica, which worked for the Trump campaign and boasted of its ability to target ads based on psychological profiles of voters derived from their social media posts.

Rather, said Bosworth, who ran advertising at Facebook for several years, Trump “got elected because he ran the single best digital ad campaign I’ve ever seen from any advertiser. Period.”

Bosworth, a self-proclaimed liberal who donated heavily to defeated Democratic nominee Hillary Clinton, particularly praised Trump’s leading digital advertising adviser in 2016, Brad Parscale, who is now Trump’s campaign manager for the reelection campaign. Parscale has publicly cited Facebook’s ability to reach small numbers of voters with targeted messages, using tens of thousands of different versions of ads per day to maximize the campaign’s effectiveness, as essential to Trump’s victory.

“Parscale and Trump just did unbelievable work,” wrote Bosworth in his post. “They weren’t running misinformation or hoaxes. They weren’t microtargeting or saying different things to different people. They just used the tools we had to show the right creative to each person. The use of custom audiences, video, ecommerce, and fresh creative remains the high water mark of digital ad campaigns in my opinion.”

That comment and some others puzzled some who read the post. The term “microtargeting” is often understood to include the company’s powerful “Custom Audiences” tool, which Trump used and allows advertisers to identify targets by a wide range of factors – location, age, income, interests, education, or even for simply visiting a certain website or Facebook page.

Bosworth’s post generated significant commentary and debate in the comments section below it and on Twitter. Facebook employees also had more private conversations in which they questioned some of his assertions.

Sriram Krishnan, a former Facebook executive who worked on some of the Facebook ad platforms in question before leaving the company in 2016, wrote on Twitter that Bosworth’s post showed off the good aspects of Facebook’s company culture and its “ability to be self-critical and introspective and debate things internally.”

Krishnan concurred with the memo’s claim that Cambridge Analytica did not benefit Trump, calling the unauthorized use of data “a total non-event for the 2016 election.” However, in his Twitter posts, Krishnan also noted that Bosworth identified a common reaction inside tech companies, where media criticisms are rejected “because of one incorrect detail,” while ignoring the broader point.

Alex Stamos, Facebook’s former chief security officer, also weighed in on Twitter. Bosworth’s analysis of Facebook’s role in the 2016 election was correct, Stamos wrote, adding, “Where I disagree with Boz is that I think limits on targeting for political and issue ads are neutral and fair in the long-run and conducive to healthier democracy. Same with a tightly drawn standard on false claims about opponents. Neither are an attack on Trump.”

Bosworth’s post is reflective in sections. He urges the company to not overreact to criticism from the press – even when employees think all or part of news reports are wrong. And he cites American moral philosopher John Rawls, who died in 2002, who proposed a form of moral decision-making called “the veil of ignorance,” in which people are supposed to propose structures for a society without supposedly knowing their own race, income, education level, gender or other factors.

Citing the J.R.R. Tolkien epic “Lord of the Rings,” Bosworth also expresses serious concern about the possible corrupting influence of Facebook’s power, comparing it to the ring carried by the hobbit Frodo Baggins.

He says the current election season carries a similar moral risk, with regard to how Facebook sets advertising policies that could affect Trump and other politicians, who have vociferously opposed possible new restrictions.

“That brings me to the present moment, where we have maintained the same ad policies. It occurs to me that it very well may lead to the same result. As a committed liberal I find myself desperately wanting to pull any lever at my disposal to avoid the same result. So what stays my hand?” Bosworth asks in his post.

“I find myself thinking of the Lord of the Rings at this moment. Specifically when Frodo offers the ring to Galadrial and she imagines using the power righteously, at first, but knows it will eventually corrupt her. As tempting as it is to use the tools available to us to change the outcome, I am confident we must never do that or we will become that which we fear.”

One Facebook employee, speaking on the condition of anonymity, said in an interview that internal debate inside Facebook was limited to reasonable changes. “We could pull a lever, as in disallow political ads, disallow certain kinds of targeting, enforce stricter standards on racism in ads,” the employee said. “No one at any point has ever suggested we deliberately scuttle Trump’s campaign. That’s pretty inconceivable.”

Kasikornbank boosting online lending #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380245?utm_source=category&utm_medium=internal_referral

Kasikornbank boosting online lending

Jan 08. 2020
Kattiya Indaravijaya

Kattiya Indaravijaya
By THE NATION

Kasikornbank aims to provide Bt60 billion in loans via its online channel this year, which is expected to boost its digital lending to Bt100 billion this year, president Kattiya Indaravijaya said.

The bank is using artificial intelligence to help it analyse customer data in order to help it find new segments of customers.

The bank is keen to tap freelancers, taxi-motorcycle drivers or Grab drivers as well as online merchants, she added.

Samsung aims for smart-home market with speaker, AR glasses #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30380255?utm_source=category&utm_medium=internal_referral

Samsung aims for smart-home market with speaker, AR glasses

Jan 08. 2020
Hyun-Suk Kim, president and chief executive officer of Samsung Electronics, speaks at CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett

Hyun-Suk Kim, president and chief executive officer of Samsung Electronics, speaks at CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett
By Syndication Washington Post, Bloomberg · Sohee Kim

Samsung Electronics kicked off 2020 with an array of gadgets from prototype augmented-reality glasses to a new smart speaker that the company hopes will kickstart a fresh foray into the crowded smart home arena.

The world’s biggest home appliance maker set out its latest Internet of Things strategy, describing it as an “Age of Experience,” at the CES 2020 technology conference in Las Vegas. It will span everything from individual care to the connected home and smart cities in the next decade. At the heart of Samsung’s new smart home push will be the Galaxy Home Mini smart speaker, which the company plans to release in early 2020, said Hyunsuk Kim, chief executive officer of Samsung’s consumer electronics division.

“We need to rethink the space we have to accommodate our diverse and evolving lifestyles and generations,” said Kim during the opening CES keynote address. Along with artificial intelligence-driven concept products like the Ballie rolling bot, Samsung also showcased tech solutions for visually impaired and disabled people under the broad banner of technology enhancing people’s lives.

The Galaxy Home Mini comes years after Google’s Home and Amazon.com Inc.’s Echo smart speakers — and nearly 18 months after Samsung’s promised but never released Galaxy Home — but the Korean giant believes it can build a unique ecosystem around the Mini by making it the best controlling device for the home gadgets and appliances that bear its brand.

Hyun-Suk Kim, president and chief executive officer of Samsung Electronics, presents the Ballie at CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett

Hyun-Suk Kim, president and chief executive officer of Samsung Electronics, presents the Ballie at CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett

Powered by Bixby, Samsung’s answer to digital assistants like Apple Inc.’s Siri and Amazon’s Alexa, Samsung’s offering will focus on making home appliances execute voice commands rather than attempting a conversation based on artificial intelligence trained on reams of internet user data. Acknowledging negative chatter about Bixby lagging the field, Kim said orchestrating a smooth question-and-answer exchange wasn’t his priority, while the focus on hardware over user information means better consumer privacy.

“Samsung will remain a hardware company, forever,” said Kim, who is testing the Galaxy Home Mini in his own abode, connecting it to 63 devices that include his curtains, lighting and third-party gadgets. Appliances linked to the Mini will be able to carry out orders such as scheduling when the dishwasher should run or making sure the washer’s rinse cycle is complete before the user gets home. “It’s not about when we release the product, but it’s more crucial how much further we can evolve the technology. No other speaker in the world can control gadgets as much as Samsung can.”

Samsung's GEMS is demonstrated onstage during CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett

Samsung’s GEMS is demonstrated onstage during CES 2020 in Las Vegas, Nev., on Jan. 6, 2020. MUST CREDIT: Bloomberg photo by Bridget Bennett

Amazon’s Alexa has a broad ecosystem of third-party Skills, which let you use Alexa to do things like control your Xbox, stream Apple Music, find your smartphone or play quizzes and other voice-based games. Samsung, which ships half a billion devices every year, lacks the same third-party support. However, it says it can muscle its way into the AI speaker market by virtue of its own product portfolio.

Like Amazon and Google’s home ecosystem ventures, Samsung sees the Mini acting as the hub connecting all its present and future AI-embedded hardware. That would encompass any devices connected through its SmartThings app as well as gadget rivals’ products linked via infrared hookups.

With plateauing smartphone and PC sales, voice-based computing is among the biggest growth opportunities remaining in the tech industry — and the home is where some of the earliest consumer adoption is happening. Forrester Research Inc. expects the market for smart home devices to expand 26% a year between 2018 and 2023. Samsung’s own home Internet of Things business grew 10-fold in 2019 from the previous year, mainly thanks to South Korea, the U.S. and Saudi Arabia, according to Sunggy Koo, head of the business at Samsung.

Wearable technology is another big area of focus for growth-starved companies, and Samsung’s latest effort is a teaser for its own AR glasses, seeking to succeed where Google Glass failed. The company is working to minimize dizziness, said Kim, which is the key to making the glasses as small as possible. Apple and Facebook Inc. are both working on AR glasses of their own, Bloomberg News has reported, and Microsoft Corp. offers the HoloLens headset.

The original Galaxy Home speaker that was announced in the middle of 2018 never materialized. Samsung has yet to make a final decision as to whether to sell the bigger smart speaker while it focuses on the more compact Mini. But it’s also working on peripheral gadgets in the interim, including the Ballie — a companion robot in the vein of Sony Corp.’s Aibo that rolls around like BB-8 in Star Wars. Kim expects both smart speakers and mobile robots will become major products in the consumer electronics market, offering a variety of services tailored to pet, child and elderly care.

“Eventually, I hope there is no interaction between humans and technology,” Samsung home IoT chief Koo said with respect to what the smart home may look like in 2030. Devices will anticipate people’s needs and offer services based on data collected from in-house appliances, he said. “At least within the boundary of smart homes, technology development will head toward touch-less and voice-less.”

One thing in Samsung’s favor in realizing that vision, Kim said, is a more hands-off approach to consumer data than internet-based rivals that have in past years hoovered up users’ personal information to improve their services. Facebook has earned criticism for this with its Portal teleconferencing cameras, as have Amazon and Google, each of which have exposed recordings of user interactions to human analyzers.

Kim said Samsung is putting an emphasis on safeguarding privacy by doing the necessary computations on the device itself — the so-called edge computing — removing the need for user information to ever leave the smart appliance or user’s home. Unlike advertising-reliant businesses like Facebook and Google, Samsung doesn’t need to build out intimately detailed user profiles to help it target ads. Consumers will get to choose whether to share data with the cloud to access additional services or just save data on their devices, Kim said.

“We will minimize data sharing. I mean, a hardware company like us is willing to do that,” said Kim, who also spearheads Samsung’s AI push. “We are a latecomer in the AI field, but we are catching up very fast.”

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With assistance from Bloomberg’s Mark Gurman.