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AIA Thailand Launches Premium ‘AIA East Gateway’ Building in Bangna

TUESDAY, JANUARY 31, 2023

Bangkok – January 25, 2023 – AIA Thailand today launched a premium office and retail building, AIA East Gateway. Strategically located on Bangna-Trat Road KM4.5, AIA East Gateway is AIA Thailand’s third commercial development, following the success of AIA Capital Center and AIA Sathorn Tower.

The opening, coinciding with AIA Thailand’s 85th anniversary, was presided over by Mr Krisada Chinavichara, Permanent Secretary of the Ministry of Finance and Chairman of the Board of Office of Insurance Commission, in the presence of Dr Suthiphon Thaveechaiyagarn, the Secretary-General of the Office of Insurance Commission, Dr Edmund Tse, AIA Group Independent Non-executive Chairman and Independent Non-executive Director, Mr Nikhil Advani, Chief Executive Officer, AIA Thailand, and over 100 guests representing AIA executives and business partners. 

AIA East Gateway has been designed to serve a new generation of tenants looking for modern, and sustainable design, with state-of-the-art lifestyle amenities that offer “A Harmony of Work, Wellbeing and Sustainability”. The premium green office building reflects AIA’s commitment to become an ESG leader in Thailand and Asia. 

This new location in the Bangna-Trat area comes after two previous developments, AIA Capital Center on Ratchadapisek Road and AIA Sathorn Tower, opened in 2014 and 2016, respectively. Both pre-existing buildings have received local and international awards and have maintained an occupancy rate of over 90 per cent. AIA now has total lettable space area of 167,000 sq.m. across the three buildings, all of which are situated in strategic business areas.

During his inaugural address, Mr Krisada Chinavichara, Permanent Secretary of the Ministry of Finance and Chairman of the Board of Office of Insurance Commission, congratulated and praised AIA Thailand for its vision and foresight for this significant landmark in the Bangna-Trat area. “AIA East Gateway is an exciting addition to the district’s infrastructure landscape. “Its desirable location will attract both local and international companies seeking to develop their business in the Eastern Economic Corridor (EEC). As one of Bangkok’s fastest-rising commercial zones, it is perfectly positioned to provide access for its tenants to new opportunities and to participate in Thailand’s sustainable economic development.”  

Mr Nikhil Advani, Chief Executive Officer, AIA Thailand, highlighted the advantages and premium features of AIA’s new office property. “This project has a lot to offer to both SMEs and large corporations, thanks to its prime location and easy access, environmental-friendly design and unmatched facilities. We have no doubt that this building will soon become a major player in the business development and commercial hub of the EEC. This project reinforces our confidence and commitment to drive the Thai economy. It is another step forward in our real estate investment plans to boost district economies and showcase the best in sustainable development. Having protected millions of families across Thailand and Asia, investing in real estate is another way to facilitate better lives for the community, drive the local economy and contribute to the country’s sustainable development.”

AIA Thailand’s office buildings enjoy high recognition from professionals in the real estate industry. In 2020, AIA East Gateway received two Thailand Property Awards for ‘Best Office Landscape’ and ‘Best Office Architectural Design’.  It is a 33-storey Grade A building with office and retail areas of approximately 60,000 sq.m. and 10,000 sq.m., respectively. It has been designed according to international LEED (Leadership in Energy and Environmental Design) and WELL standards at the Gold level. From the 6th to the 33rd floors, large office floor plates offer column-free layouts and surface areas ranging from 1,900 to 2,200 sq.m., with a ceiling height of three meters. The size of office units ranges from 85 sq.m., up to 2,200 sq.m for an entire floor.

The building offers various well-being facilities such as a fitness center, a saltwater swimming pool and an “AIA Vitality Zone” equipped with an open-air working space, a 400-meter running track and an urban farming zone. A sophisticated security system with CCTV and facial recognition turnstile, plus 18 destination-control passenger lifts provide easy and safe access for all tenants and visitors. The car park accommodates 1,250 car spaces, some with EV chargers.

AIA East Gateway enjoys proximity to Suvarnabhumi Airport, Mega Bangna, Central Bangna, BITEC, residential projects, and allows quick access to and from Bangkok and key arterial roads. Already accessible through the BTS Green Line (Lat Prao – Samrong) and, in the  future, through the MRT Yellow Line (Samrong – Suan Luang Ro 9), AIA East Gateway is located approximately 350 meters from MRT Si lam station. 

For more information, please visit our website www.aiaeastgateway.com or contact our Sales office for further inquiries about office and retail space by phone: 02-119-1500, Monday-Friday, from 08.30 – 17.00 hours.

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Packaging to extend food shelf life being unrolled in major provinces

THURSDAY, JANUARY 26, 2023

Plastic packaging company Eka Global is hosting roadshows in Chiang Mai, Khon Kaen and Songkhla where food business owners can consult experts in packaging innovations and test the company’s shelf-life extension packaging.

Ten food businesses can test their products with Eka Global‘s shelf life-extending packaging.

The roadshow will launch at Chiang Mai University on February 4 and then move to Khon Kaen University (March 7) and Prince of Songkla University (March 23).

CEO of Eka Global Chaiwat Nantiruj said the firm is ready to offer businesses packaging products that extend the shelf life of food and increase international competitiveness of Thai food firms.

He added that packaging products that keep food fresh for longer are a powerful “weapon” for businesses.

He also said small operators need to adjust themselves to sustainability practices that will be key to doing business in 2023.

Find out more by calling Eka at +66 4555 0802.

Releated Stories: 

• Trendsetting Thai company adds CBD line of lotions
• Thai printing, packaging industry needs to transform to survive, say experts
• SCG Packaging outlines THB100-bn investment plan for 5 years to step up growth

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Long Live HRH Princess “Pa”

THURSDAY, JANUARY 26, 2023

Photo shows, from left to right: Dr Chatchai Thnarudee, NZAA President; Dr Tharatee Mookdee, AAA Secretary-General; Niphapan Sang-in, NAAT Vice President; Srisongruk Chaiyasit, OESA Secretary-General; Koblarp

10 Alumni Associations under Royal Patronage jointly organized a merit-making ceremony to wish HRH Princess “Pa” speedy recovery at Vajirayanvongs Bldg – Chulalongkorn Memorial Hospital recently.

Photo shows, from left to right: Dr Chatchai Thnarudee, NZAA President; Dr Tharatee Mookdee, AAA Secretary-General; Niphapan Sang-in, NAAT Vice President; Srisongruk Chaiyasit, OESA Secretary-General; Koblarp

Poshakrishna​​, SSAA President; Premika Sucharitkul, AAEF President; Narong Rakwong, AOCES President; Dr Suchai Pongparkpian, OJSAT Vice President;  Admiral Thomrat Hatayodom Rtn, AUAA Vice President; ACM Ruangwit Srinuannad, VTD President.

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“Singha Drinking Water” launches 15 new bottle labels in collaboration with “Toy Story”

WEDNESDAY, JANUARY 25, 2023

Singha Drinking Water continues its strategy of collaboration with world-class cartoon characters “Toy Story” by Kicking off the campaign “Singha Drinking Water: Never Ending Friendship” through 15 labels to deliver happiness and harmony to people of all generations across the country.

Mr. Titiporn Thammapimookkul, Chief Marketing Officer, Boon Rawd Trading Co., Ltd. revealed that besides the development of the product’s quality, “Singha Drinking Water” also focuses on the strategy of collaboration, in terms of marketing through many world-famous cartoon characters to continuously build colorful marketing such as My Little Pony, Mickey Mouse, Frozen, and Doraemon.

This year, Singha Drinking Water launches the first campaign of the year by collaborating with “Toy Story”, the world-famous cartoon character under the concept of “Singha Drinking Water: Never Ending Friendship” on the label of Singha Drinking Water, size 330ml., in 15 designs, to spread happiness and harmony to people of all generations across the country.

“Toy Story” is an animated cartoon that has long triumphed in the hearts and minds of people around the world. After all, Toy Story is one of the world’s highest-grossing film franchises or sequels and stands as one of the top 20 hits of all time for cartoon characters that have a fan base of all genders and ages and can connect people across generations, which is in line with the idea of Singha Drinking Water as a brand that connects families and children of all ages, moreover with product quality, that provides the highest level of cleanliness and safety, with a smart production technology, the Smart Micro Filter, which is unique to Singha Drinking Water, including a complete development with a focus on the environment, which has received the award for the most trusted drinking water in Thailand from the leading magazine Media.

However, the highlight of the “Singha Drinking Water: Never Ending Friendship” campaign is to bring popular Toy Story characters such as Woody, Buzz Lightyear, Jessie, Alien / Little Green Men, Rex, Mr. Potato Head, etc. to be on 15 product labels by divided into 12 designs to deliver the cuteness to consumers across the country. And the product will be sold via leading department stores across the country, and 3 exclusive designs at Lotus retail channels with activities to grab dolls by the doll claw machine to win prizes in 10 branches as well.

In addition, the company is opening up the opportunity for consumers who purchase Singha Drinking Water to enter the draw for exclusive premium products through 3 channels at Singha Online Store (https://www.singhaonline.com), e-commerce platform Shopee / Lazada and platform LINE @ Singha Rewards. Consumers can participate in the game by spinning the wheel and finding toys by collecting points, which they can exchange for a chance to win premium items such as Blanket with Toy Story design, Buzz Lightyear tumbler, Toy Story keychains, Stickers full of Toy Story motifs, and Toy Story Figure dolls, etc.

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Love at First Bite: The Standard, Hua Hin offers Valentine’s Fairytale Romance Package

TUESDAY, JANUARY 24, 2023

Nestled in a lush garden dreamscape with native flora and greenery, The Standard, Hua Hin is set its picturesque beachside setting for this Valentine’s Day. 

The only hotel in Thailand to make Conde Nast Traveler’s 2022 Hot List, the colourful retreat is offering exclusive stay and dining offers rich with romance and tropical vibes, including a five-course Valentine’s Day dinner, served in bed on the beachside lawn.

Hua Hin has been a beloved beach getaway for over a hundred years, dating back to the construction of the railroad connecting the bustling metropolis of Bangkok with this dreamy seaside town. By the mid-1920s, it became the chosen holiday retreat for Thai nobility drawn to the undiscovered pristine coastline. 

The Valentine’s Day Stay Package at The Standard, Hua Hin can be booked from 12 January to 13 February 2023 for stays between 13-15 February 2023 with rates starting from THB 11,299 net based on double occupancy. 

In addition to sunny accommodations with a daily buffet breakfast, the package includes beachside dinner in bed while watching a romantic movie together with a bottle of bubbly on 14 February, and a couple’s DIY Mud Lounge experience. 

Lovebirds can also opt to book the Valentine’s Day Dinner-In-Bed experience separately for THB 4,250 net per couple (Early Bird offer) or THB 5,000 net per couple when booking their dinner after 3 February. The price includes a five-course set menu with a bottle of bubbly. 

In addition to soaking up the resort’s famously vibrant pool scene, couples staying at The Standard, Hua Hin will find numerous drinking and dining options to suit every taste and innovative spa treatments for a full system reboot, including après-sun therapies and a purifying and mood-enhancing DIY scrub and mud experience.

Standard International is the parent company of The Standard hotels. Created in 1999, The Standard hotels are known for their pioneering design, taste-making clientele, and unrelenting un-standard-ness.

For more information: call +66 32 535999 or visit https://www.standardhotels.com/hua-hin/specials/valentine-package 

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Sun Pharma to Acquire Concert Pharmaceuticals

TUESDAY, JANUARY 24, 2023

Sun Pharmaceutical and Concert Pharmaceuticals announced on Monday that they have executed an agreement under which Sun Pharma will acquire all outstanding shares of Concert through a tender offer for an upfront payment of $8.00 per share of common stock in cash, or $576 million in equity value.

Concert stockholders will also receive a non-tradeable contingent value right (CVR) entitling holders to receive up to an additional $3.50 per share of common stock in cash, payable upon deuruxolitinib achieving certain net sales milestones within specified periods, subject to the terms and conditions contained in a contingent value rights agreement detailing the terms of the CVRs. The transaction was approved by the Boards of Directors of both companies.

The upfront payment of $8.00 per share of common stock in cash represents a premium of approximately 33% to Concert’s 30-day volume weighted average price as of January 18, 2023, the last trading day prior to today’s announcement.

The concert is a late-stage biotechnology company pioneering the use of deuterium in medicinal chemistry. The concert has an extensive patent portfolio, including its lead product candidate deuruxolitinib – an oral inhibitor of Janus kinases JAK1 and JAK2 for the treatment of Alopecia Areata, an autoimmune dermatological disease – which is in late-stage development.

Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult patients with moderate to severe Alopecia Areata in its THRIVE-AA Phase 3 clinical program and two open-label, long-term extension studies are ongoing in North America and Europe. Sun Pharma’s immediate focus would be to follow Concert’s plan to submit a New Drug Application (NDA) to the US Food and Drug Administration (FDA) in the first half of 2023.

Alopecia Areata is an autoimmune disease in which the immune system attacks hair follicles, resulting in partial or complete loss of hair on the scalp and body. Alopecia Areata may affect up to 2.5% of the United States and the global population during their lifetime.

The scalp is the most commonly affected area, but any hair-bearing site can be affected alone or together with the scalp. The onset of the disease can occur throughout life and affects both women and men. Alopecia Areata can be associated with serious psychological consequences, including anxiety and depression. There are currently limited treatment options available for Alopecia Areata.

“Sun Pharma is building a global Dermatology and Ophthalmology franchise and aims to be a preferred development and commercial partner in these therapies worldwide. The acquisition of Concert adds a late-stage, potential best-in-class treatment for Alopecia Areata in deuruxolitinib,” said Abhay Gandhi, CEO of North America, Sun Pharma. “There is a significant unmet need in the Alopecia Areata space and we aim to build on Concert’s commitment to supporting the Alopecia Areata patient community. We are well-positioned to successfully bring this product to market globally. I look forward to welcoming the exceptionally talented Concert team who have worked tirelessly to develop the product to bring it to market.”

“We are pleased to enter into this exciting transaction with Sun Pharma, which delivers substantial value to our shareholders and is the outcome of a thorough review process overseen by the Concert Board,” stated Roger Tung, Ph.D., President and CEO of Concert. “Our mission at Concert has always been to translate innovative science to clinical solutions in order to meaningfully improve patients’ lives. We are proud to see our team’s accomplishment – creating a valuable new drug candidate for a major, underserved disease – appropriately recognized and valued by Sun Pharma as a means to expand their ongoing, international commitment to dermatology. I am confident that this transaction will maximize value for our shareholders and enhance access to deuruxolitinib for patients with Alopecia Areata.”

Transaction Terms and Timeline to Closing

Under the terms of the merger agreement, Sun Pharma will promptly commence a tender offer to acquire all outstanding shares of Concert common stock. Concert stockholders will be offered an upfront payment of $8.00 per share of common stock in cash. Concert’s Board of Directors unanimously recommends that Concert stockholders tender their shares in the tender offer.

Concert stockholders will also receive a non-tradeable CVR, which entitles Concert stockholders to receive up to an additional $3.50 per share of common stock in cash, payable upon deuruxolitinib achieving certain net sales milestones within specified periods, subject to the terms and conditions contained in the contingent value rights agreement detailing the terms of the CVRs.

These milestones, subject to terms and conditions as specified in the contingent value rights agreement, include: (i) $1.00 per share of common stock, payable the first time in any fiscal year between the time of the first commercial sale of deuruxolitinib in the U.S. and March 31, 2027, net sales of deuruxolitinib is equal to or exceeds $100 million, and (ii) an additional $2.50 per share of common stock, payable the first time that in any period of four consecutive fiscal quarters between the time of the first commercial sale of deuruxolitinib in the U.S. and December 31, 2029, net sales of deuruxolitinib is equal to or exceeds $500 million. There can be no assurance that any payments will be made with respect to the CVRs.

The transaction is expected to be completed in the first quarter of 2023. The transaction is subject to the tender of a majority of the outstanding shares of Concert’s common stock, as well as the receipt of applicable regulatory approvals and other customary closing conditions. Following the successful closing of the tender offer, Sun Pharma will acquire all remaining shares of Concert that are not tendered into the tender offer and all shares of Concert’s preferred stock through a second-step merger at the same price of $8.00 per share of common stock, plus one non-tradeable CVR. The merger will be effected as soon as practicable after the closing of the tender offer.

For the nine-month period ending September 2022, Concert reported total revenue of $29 thousand and a net loss of $90.6 million. The R&D expense for that nine-month period was $75.7 million. As of September 30, 2022, Concert had approximately $148.9 million in cash, cash equivalents and investments.

Sun Pharma had net cash of $1.6 billion as of September 30, 2022.

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Marriott Bonvoy presents extraordinary travel experiences to celebrate diversity, equity and inclusion across APAC in 2023

TUESDAY, JANUARY 24, 2023

Members can get up-close-and-personal with top players at the Australian Open, including Marriott Bonvoy Ambassador, Ash Barty, and celebrate pride at the Sydney Gay and Lesbian Mardi Gras and Gay Games Hong Kong.

Singapore – Marriott Bonvoy, Marriott International’s award-winning global travel programme and extraordinary portfolio of 30 hotel brands, presents a year-long line-up of incredible experiences to celebrate diversity, equity and inclusion across APAC. From championing Women in Sports at the Australian Open, to celebrating pride at the Sydney Gay and Lesbian Mardi Gras and Gay Games Hong Kong, Marriott Bonvoy members can pursue their passions and enjoy once-in-a lifetime experiences through the Marriott Bonvoy Moments.

“Travel has the transformative power to connect people – whoever they are and wherever they may come from. It opens up perspectives to the places we visit, the people we meet and the cultures we experience,” elaborated Julie Purser, Vice President, Marketing, Loyalty and Partnerships, Marriott International, Asia Pacific. “Marriott Bonvoy is proud to be collaborating with these cornerstone events that underscores our values of welcoming all. Through these curated collaborations, we also hope to rally travellers and empower advocates to celebrate diversity, equity and inclusion together with us.”

Get inspired by the best Woman in Sport

The Australian Open (AO), one of the most highly anticipated sporting events in the region, returns this January with an unmissable Summer of Tennis. For the second year running, Marriott Bonvoy partners with tennis champion and 2022 AO winner, Ash Barty, to spotlight the shared passion for inclusivity and women in leadership through a collection of incredible moments that fuel members’ joy for travel and change the way in which they see the world.

Members can get up-close to the action with coveted tickets to the Women’s Final in the Superbox and tennis clinics with Barty herself. Fans also gain exclusive access to premium viewing tickets across marquee matches in both Women’s and Men’s finals, meet-and-greets with Australian tennis legends and the opportunity to take photos with the Daphne Akhurst and Norman Brooks trophies. 

Celebrate love at APAC’s grandest Pride events

This February, WorldPride will be coming to Sydney for the first time, combining with the Sydney Gay and Lesbian Mardi Gras for the largest Pride celebration in the world, with W Hotels, part of Marriott Bonvoy, as its exclusive hospitality partner. As a brand, W Hotels has always been a platform for individuals and communities, and this three-year collaboration underscores the brand’s legacy of being a voice for progressive ideals. Marriott Bonvoy’s portfolio of hotels across Sydney will be showcasing a range of exhilarating experiences to host guests and Marriott Bonvoy members through this global celebration of diversity and inclusion. 

In addition, Pride Month in June will see celebrations in W Hotels across several destinations including W Bangkok and W Koh Samui.

The Gay Games – the world’s largest sports and cultural event open to all – makes its way to Asia for the first time ever, from 3 to 11 November 2023 in Hong Kong. Platinum partner, Marriott Bonvoy, presents a tailored “Feel Your Pride and Share Your Love” stay package to celebrate a week of diverse cultures, sports and inclusivity. Guests of the 13 participating hotels, including The Ritz-Carlton Hong Kong, The St. Regis Hong Kong and W Hong Kong, can create unforgettable memories with access to exclusive Pride-themed experiences, offers to discover the city, and a special welcome gift. Packages are now available for booking via the Marriott Bonvoy website here or mobile app.

Marriott Bonvoy Moments gives members the chance to use points earned from travel at nearly 8,200 hotels and everyday activities, such as cobrand credit card purchases, to bid for the chance to take part in exclusive Marriott Bonvoy Moments experiences all over the globe. Members may redeem their points for either fixed-price experiences or use them to bid on packages through auctions. 

For more information on Marriott Bonvoy and its offerings in Asia Pacific, please visit https://marriottbonvoyasia.com/ 

#MarriottBonvoy

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CLSA will host the 19th CITIC CLSA Asean Forum from 8-10 March 2023 in Bangkok

TUESDAY, JANUARY 24, 2023

After two years of virtual conferences, CLSA will host the 19th CITIC CLSA Asean Forum in person from 8-10 March 2023 at the Grand Hyatt Erawan Bangkok.

This year’s event will bring together over 280 institutional investors with senior executives from leading regional companies and an outstanding lineup of industry thought leaders delivering actionable insights over three days.

While global markets work through inflationary and recessionary pressures, Asean continues to provide investment opportunities in a post-pandemic world. CLSA Chief Equity Strategist Alex Redman anticipates relative emerging markets outperformance, a forecast supported in part by the recent unravelling of the US dollar rally.

Around the region, we see Indonesia leveraging substantial resources to attract manufacturing investment from multinational corporations looking to diversify supply chains. A new Malaysian government and a forthcoming election in Thailand add another political dimension to a region that boasts US$10tn in GDP. Home to 670m people, population growth remains a core driver in Asean for 2023.

Edward Park, Chief Executive Officer of Institutional Equities at CLSA, said: “Asean has become an increasingly attractive investment destination for global investors looking to tap into the enormous opportunities emerging markets can offer. With US$10tn in GDP, there are numerous growth possibilities. Our Forum is a reputable platform for corporates and investors alike to delve deeper into the region’s long-term transformation and commercial development prospects.”

Shaun Cochran, Head of Research at CLSA, added: “As the world returns to a normalising interest rate environment, real economy investment and innovation will be favoured over the dominance of financial innovation seen during the prior decade. Coupled with shifting geopolitics that will transform global production footprints, the relative merits of the young and growing populations of emerging markets – especially Asean – have never been stronger. This is despite historically compelling relative valuations. In the transition to a post-Covid world, our Asean Forum is ideally timed to ensure investors get ahead of this impending secular shift.”

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More stores and e-commerce key strategies as Jaspal eyes expansion in Asean markets

MONDAY, JANUARY 23, 2023

Jaspal Co Ltd, a leader in Thailand’s fashion retail industry, has unveiled its 2023 overseas expansion plan with the goal of becoming a leading “regional fashion and lifestyle retailer”.

Jaspal aims to achieve a leap in overseas sales by focusing on Asean markets, particularly Vietnam, Cambodia and Malaysia, where it has made inroads, and the high-growth Philippines market for the first time.

The company will focus on a number of its flagship brands, including Lyn, CC Double O, Jelly Bunny, Lyn around, CPS Chaps and Jaspal, as well as import premium and sports brands to strengthen its portfolio and cater to all fashion shoppers in the targeted Asean markets.

Yosathep Singhsachathet, deputy chief executive officer of Jaspal Co Ltd, said, “We want to build upon our success after having become a leader and key driving force in Thailand’s fashion retail industry. In the next step, we aim to become a regional fashion and lifestyle retailer by expanding our overseas stores, especially in Asean countries, many of which have high growth potential, high purchasing power and fashion tastes similar to the Thai market.”

“We have established subsidiaries in target Asean countries to enable quality control of products and services and carry out effective marketing communication, which, ultimately will serve our goals of delivering the best experiences and impressions to customers in each country,” he said.

In 2022, the company was active in three countries with a total of 70 stores. In Cambodia, the company managed Lyn, CC Double O, Jelly Bunny, Lyn around, CPS Chaps, Lyn Beauty, Mango, Super Dry, Fred Perry, Champion, Asics, and New Era. In Vietnam, it managed Lyn, Lyn Beauty, Jelly Bunny, Lyn around, Fred Perry, and Diesel, and in Malaysia, it managed Jelly Bunny.

Last year, the company launched Lyn Beauty, its own in-house brand of cosmetic products, in Vietnam via stores and online channels, modelled after the successful business in Thailand. It also pushed for growth for various other brands under its management with the opening of the first Fred Perry stores in both Vietnam and Cambodia, as well as a New Era store in Cambodia and a Diesel store in Vietnam. The company also launched “StudioJPS.com“, the fashion multi-band website targeting the Cambodian market.

The company expects its planned expansion in Asean countries in 2023 to boost its overseas sales. The company outlined its various brand and channel strategies:

* For In-house brands of Jaspal Co Ltd, including flagship brands such as Lyn, CC Double O, Jelly Bunny, Lyn around, CPS Chaps and Jaspal, which have an established customer base in Thailand and some foothold in other countries, the company will open more stores and e-commerce channels to increase coverage and provide access to more customers. In addition, it will open the first Jaspal brand store in Cambodia in the first quarter of 2023, the deputy CEO said.

* For brands that the company manages as an authorised importer and distributor, it looks to expand its role and find more premium and sports brands. The company already manages global brands, such as Mango, Super Dry, Fred Perry, Champion, Asics, Diesel, and New Era. The company will focus on expanding overseas customer base among those with high purchasing power in keeping with the growth of the fashion industry in each target country, Yosathep said.

* Regarding store locations, the company will give priority to top shopping centres in each country, with consideration for economic growth and customer demand in the areas where the shopping centres are situated as well as customer traffic in order to reach more customers, Yosathep said. It will also focus on the interior design of the stores and display to reach the brands’ standards, which will reinforce the brand image. In addition, it would provide professional staff members who are skilled at giving recommendations to customers and providing great experiences and impressions, he added.

* For the online business, the company will utilise its expertise with 27 e-commerce sites across Asean, each of which is handled by a specialised and experienced team, a strategy the company has been using to reach customers and generate sales. The e-commerce sites are divided into four groups: brand websites; popular marketplace platforms in each country, such as Lazada, Shopee and Zalora; the multi-brand website StudioJPS.com targeting the Cambodian market managed directly by the company; and, social commerce platforms such as Facebook, TikTok and Line, he said.

The diverse range of online platforms can answer a wide range of different challenges in different countries, including varied customer behaviour and market growth, Yosathep said. In some markets, such as Malaysia and Vietnam, revenue from e-commerce accounts for a high portion of about 9-10 % of the total revenue, he added.

According to Statista, the Thai apparel market will expand by 3.1% in 2023, by 7.7% in Vietnam, 7.5% in Cambodia, 8.2% in Malaysia, and 11.1% in the Philippines.

“This has led us to feel confident of our plan to expand our businesses to the four target Asean countries and benefit from the high growth of those markets, which will help us achieve the status of the top regional fashion and lifestyle retailer,” Yosathep said.

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BTS offers new ordinary shares for existing holders until Jan 31

MONDAY, JANUARY 23, 2023

Bangkok Mass Transit System Public Company Limited (BTS) on January 20 released a Notification of Subscription Rights for the 2nd Round of Newly Issued Ordinary Shares from January 23 until January 31, 2023.

The notification advised all the Company’s shareholders that, by resolution made in the Extraordinary General Meeting No. 1/2022 held on September 8, 2022, and by the Company’s Letter dated December 27, 2022, concerning Notification of Subscription Rights for the 2nd Round of Newly Issued Ordinary Shares Subscription for Offering to Existing Shareholders in accordance with Shareholding Ratio (Right Offering), shareholders of the Company can subscribe newly issued ordinary shares (and settle subscription payment) in the ratio of 10 existing ordinary shares to 37 newly ordinary shares, at the price of Thai Baht 0.25, commencing from January 23 until January 31, 2023.

In case you have any queries or intend to discuss in detail, please contact “Special Force for Share Subscription” at telephone number 02-617-6000 or 02-617-7300, ext. 1030 to 1034 and 1038, from Monday to Friday, between 9am and 5pm, except public holidays.