All posts tagged Corporate

Scania urges Thailand to increase emission standard for heavy-duty vehicles

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Scania urges Thailand to increase emission standard for heavy-duty vehicles

Breaking News January 23, 2019 15:40

By The Nation

Scania has called for the Pollution Control Department to increase the emission standard for heavy-duty vehicles in Thailand from the current Euro 3 standard to Euro 6 as a means to fight with the ongoing air pollution in Bangkok.

In its press release, it said an increase to Euro 6 would effectively decrease the emission of PM and NOx by 90%.

“A higher emission standard requirement and the resulting reduction of air pollution would not only give the citizens of Bangkok cleaner air to breathe and improved health to enjoy, it would also improve the impression of the city in the minds of the 20 million tourists visiting every year.”

It would also show that Thailand is serious about its quest to be recognized as the automotive hub of Asia.

Other Asian countries have already recognized the urgency to improve the air quality and are increasing their emission standards rapidly.

According to the statement, India for example plans to introduce its local version of Euro 6 (BS 6) next year and so is China (China 6a).

South Korea and Singapore have already implemented Euro 6 and this has already been the standard for new vehicles in Europe since 2013.

“Now Thailand has an opportunity to take part in this proactive movement and set a short and clear timeline for the introduction of Euro 6 emission standard in the Thai transport sector.”

Of course, there is a cost to a technology shift like this. The vehicles are more expensive and the refineries need upgrading to lower the sulfur content of diesel below 10 ppm.

However, with less air pollution the private and societal health care cost can be expected to decrease.

The Nation reported that according to a study from Kasetsart University on pollution-related health costs in 2017, every microgram of PM10 beyond the safe limit cost the people of Bangkok up to Bt18.42 billion in medical expenses.

In addition to that, the worth of increasing the lifespan of the people is invaluable. The Thai government could use subsidies, scrap-page scheme, tax and other financial control means to support the shift and see this as an investment in the people’s future health. Furthermore, improved export opportunities and innovation reputation for Thailand, are also positive effects that can be expected.

“At Scania we have set our strategy to lead the shift to a sustainable transport system and we are hoping to collaborate with the Thai government and relevant industry players to drive this shift together in Thailand and thereby improve the quality of life for the citizens of this beautiful country.”


Global Power Synergy set to grow power and utilities

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Global Power Synergy set to grow power and utilities

Corporate January 23, 2019 01:00


GLOBAL POWER Synergy Corporation (GPSC)’s share price rose 1.30 per cent to close at Bt58.25 yesterday after it said it would purchase a 250-megawatt energy recovery unit from Thai Oil Plc (TOP) for no more than Bt24.11 billion.

Chawalit Tippawanich, president and chief executive for PTT’s power arm, GPSC, said that its board on Monday agreed that either the company or a yet-to-be-established subsidiary, would purchase the energy recovery unit in a deal worth no more than Bt24.11 or about $757 million.

The unit is part of TOP’s capacity expansion project, Clean Fuel Project (CFP).

The unit is expected to be completed and receive a provisional acceptance certificate to start commercial operation in the third quarter of 2023.

“The deal follows the company’s business strategy focusing on expansion of investment” to grow with its parent company, PTT. It would give an opportunity to GPSC to extend its power and utilities business and invest for future power security, Chawalit said.

Contract signing by GPSC or its subsidiary is expected after approval from a shareholders’ meeting scheduled within this April. The company will use its cash and/or other sources of funds, such as borrowings from financial institutions, to finance the deal.

The energy recovery unit will use oil sludge from the CFP to produce power and steam for the project. The unit has power production capacity of 250 megawatts and steam production capacity of 175 tonnes per hour.

The CFP is a part of TOP’s five-year $4.825 billion (Bt153.5 billion) investment plan (2019-2023) to improve the refinery, upgrade fuel oil to jet oil and diesel, and increase the refining capacity to 400,000 barrels per day. TOP’s current refining capacity is 270,000 barrels per day.

TOP is expected to finance $1.37 billion for the CFP in the first quarter of this year.

Presently, the company’s fuel oil accounts for 7 per cent of the total. In the future, jet oil and diesel will rise to 70 per cent from the current 60 per cent, while gasoline will decline from the current 15 per cent following future higher demand for electric vehicles.

GPSC currently has a combined power production capacity of 1,530 megawatts and steam production capacity of 1,512 tonnes per hour. This year, its power production capacity will rise to 1,940 megawatts after the Nam Lik power plant and Xayaburi power plant in Laos, and the Central Utility Plant 4 in Rayong province commence their operations.

GPSC also gained a conditional approval from Thailand’s Energy Regulatory Commission for its merger plan with Glow Energy Plc, which is majority-owned by France’s Engie. The approval comes with the condition that Glow will have to sell its Glow SPP 1 Co Ltd. before the merger.

Cryptomining and mobile threats top security risks

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Cryptomining and mobile threats top security risks

Corporate January 23, 2019 01:00


CRYPTOMINING is the top cyberthreat to organisations globally, according to Check Point, a cybersecurity software company.

The firm expects to generate double-digit revenue growth by the end of this year, as it helps companies protect their assets. Banks, financial companies and government are their main target markets in Thailand.

Check Point Software Technologies has launched the first instalment of its 2019 security report. And the Southeast Asia regional director, Evan Dumas, notes the global cybersecurity solutions firm’s report highlights the main tactics that cybercriminals are using to attack organisations and industries worldwide.

Executives also need to protect their organisation from fifth-generation cyberattacks and threats, says Dumas. An unprecedented level of cyberattacks are playing out as large-scale, multi-vector mega attacks that inflict major damage on businesses and their reputations.

But the key malware trends and techniques observed in 2019 are cryptominers or cryptomining, mobiles, multi-purpose botnets and ransomware, says Dumas.

Cryptomining, which dominated the top-four most prevalent malware types and impacted 37 per cent of organisations globally in 2018, remains the most common threat in 2019.

Meanwhile, mobiles are a moving target for cyberattacks. Around 33 per cent of organisations worldwide were hit by mobile malware, with the leading three malware types targeting Android OS, the report notes. Multi-purpose botnets were the third most common malware type, with 18 per cent of organisations hit by bots, which are used to launch distributed denial-of-service (DdoS) attacks and spread other malware.

Last is ransomware, which impacted just 4 per cent of organisations globally.

To solve cyberthreats in organisations, the firm also provides cybersecurity solutions such as Maestro, which is the first hyper-scale network security solution. It is said to enable businesses of any size to enjoy the power of a flexible cloud-level security platform to protect their customers from fifth-generation cyberattacks from malware and ransomware, along with other targeted attacks.

“I think that Thailand rates in the top two for the security market, behind Singapore. Thailand also has a high potential for growth in the mid-market for cybersecurity,” said Dumas. The firm has appointed Yuvaluk Saenque as the first Thailand country manager, and expects to generate double-digit growth in the Kingdom, mainly through targeting banks, financial institutions and government.

Taco Bell eyes wider Southeast market

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Taco Bell eyes wider Southeast market

Corporate January 23, 2019 01:00


YUM! BRAND INC, a Kentucky-based global leading fast-food company, yesterday said it would refocus on expanding its Taco Bell business in Southeast Asia.

The first Taco Bell restaurant in Thailand will open at the Mercury Ville mall in Bangkok tomorrow. In partnership with Siam Taco Co Ltd, the company aims to open 40 restaurants in Thailand over the next five years.

Thailand will be the first country for the relaunch of the Mexican-inspired quick service restaurant (QSR) brand in Asean after being paused for 10 years.

Taco Bell International president Liz Williams said that Taco Bell had opened its first restaurant in Southeast Asia about 10 years ago in the Philippines.

After 10 years, the company has relaunched the brand in the region, with Thailand chosen as the first country for the expansion.

Taco Bell Corp, a subsidiary of Yum! Brands Inc, is the world’s leading Mexican-inspired QSR brand. Taco Bell serves made-to-order and customisable tacos and burritos and other specialities. The company claims it serves 42 million customers weekly across the globe. The company said currently more than 450 Taco Bell restaurants operate across 28 countries outside the United States. The company and its franchisees operate more than 7,000 restaurants in the US alone.

Taco Bell is entering into a partnership with franchisee Siam Taco Co Ltd, which is a joint venture between Thoresen Thai Agencies and experienced food and beverage operators, the Mahagitsiri family.

“Thailand is one of the most vibrant countries in the world, so we are very excited to open and continue to grow. Over the years, we have seen a lot of demand in Thailand for Taco Bell, through social media and fans asking us to open in the country,” Williams said. “We feel given the demographic, it’s a perfect market to launch Taco Bell in a big way in Southeast Asia. In our research, we found fans loved the spice levels, types of spices we use, and the flavours, so it was a perfect match for the brand,” she added.

“Asia Pacific presents the biggest opportunity for international growth. The business model is ready for expansion across our key market. For example, India is our fastest-growing market outside the US. And we have new markets in the region we’re looking to enter over the next few years,” she said.

TTA president and chief executive Chalermchai Mahagitsiri said: “Our family fell in love with Taco Bell while in the US, and vowed to bring the experience to Thailand one day. Following our recent success in the acquisition of Pizza Hut from the same franchisor, Yum! Brands Inc and the great partnership thereon, we are very confident Taco Bell will be a great success in Thailand.


Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation



Corporate January 23, 2019 01:00

By The Nation

The Cabinet yesterday approved the Government Housing Bank’s (GHB) plan to issue Bt30.6 billion in debentures with the proceeds to be used for the buy-back of its existing bonds worth Bt18.6 billion which are due for maturity later in the year, government’s spokesman Puttipong Punnakanta said.

The remaining Bt12 billion will be used as cash flow and balance the book, he said.

Meanwhile, the Cabinet also allowed the Government Pawnshop to borrow Bt500 million as business cashflow to meet the demand of low-income people.

The cabinet estimated the number of people using the service to reach 1,339,419 this year, up 38,630 from last year. The Government Pawnshop expects total revenue of Bt795.39 million with Bt357.23 million in net profit this year, he said.

Dow heads alliance for plastic waste management

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Dow heads alliance for  plastic waste management

Corporate January 23, 2019 01:00

By The Nation

Dow Chemical Co Ltd is collaborating with 30 institutes to set up Alliance to End Plastic Waste (AEPW) to raise US$1 billion (Bt 32 billion) for the management plastic wastes globally under the concept of Circular Economy, the company’s chief executive officer Jim Fitterling said yesterday.

He added that the fund will increase to $1.5 billion (Bt46.5 billion) in the next five year.


Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation



Corporate January 23, 2019 01:00

By The Nation

Krung Thai Bank Plc has announced a net profit of Bt28.49 billion last year, an increase of 27 per cent from 2017, according to a bank statement yesterday.

The bank posted a 4.4 per cent growth in new loans in 2018 while its non-performing loans rose 1.94 per cent.


Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation



Corporate January 23, 2019 01:00

By The Nation, China’s largest on-line retailer, has announced the completion of Indonesia’s first government- approved drone flight – a breakthrough for drone delivery in Southeast Asia.

The success opens the door for future commercial drone use in Indonesia and the Southeast Asia region, subject to further regulatory approvals. The news was announced during the World Economic Forum Annual Meeting yesterday.

Dusit Thani adds Epicure Catering to its expanding foods division

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Dusit Thani adds Epicure Catering to its expanding foods division

Corporate January 22, 2019 17:03

By The Nation

Dusit Thani, one of Thailand’s foremost hotel and property development companies, has continued the expansion of its food business with a strategic investment in Epicure Catering Co Ltd, a leading provider of quality food services to the educational sector in Southeast Asia.

Following Dusit Thani’s strategy to diversify its lines of business in adjacent industries to enhance revenue creation, Bangkok-based Epicure Catering serves as the latest subsidiary to be added under its Dusit Foods division, a new business unit designed to pursue growth in food and catering businesses.

Established in 2003, Epicure Catering provides catering services primarily to major international schools in Thailand, Vietnam and Cambodia.

The company prides itself on offering the best quality products, at the most affordable costs, to ensure children receive healthy, nutritious meals that aid in their development.

“Epicure Catering has established itself as the leading company of its kind in Thailand and it has strong potential for growth in the Southeast Asia region,” Suphajee Suthumpun, group chief executive officer of Dusit Thani, said on Tuesday.

“By leveraging Dusit’s reputable brand positioning and rich experience in catering for large scale events, Epicure’s talented team will be perfectly positioned to secure additional contracts, and expand in emerging markets, while maintaining the high standards and personalised service for which they are known.

“We look forward to exploring more potential synergies to enhance Epicure’s offerings, drive top-line growth, and maintain a consistent stream of revenue to our company,” the CEO added.

Trevor Allen, managing director of Epicure Catering, said: “We are very pleased with the creation of a strategic alliance with Dusit Thani, which will allow us to upgrade our operations and offer added value to customers in Thailand and other Southeast Asian markets.

“Besides being one of Thailand’s leading hotel and property development companies, with 70 years of international experience behind them, Dusit is also a leading provider of hospitality education and has rich experience in outside catering. Our personnel will benefit from DTC’s long experience, state-of-the-art skills-enhancement training courses, and expert guidance. Most importantly, Epicure Catering will be able to expand beyond the region and have greater capacity to grow sustainably.”

Dusit Thani’s Dusit Foods division was established last year with a strategic investment in NR Instant Produce, a well-known producer and exporter of ready meals, seasoning powders, dipping sauces, drinks and juices.

The division also includes Dusit Gourmet, which is currently exploring options to create premium Dusit-branded products for local and international consumer markets.

TRIS affirms BBB+ rating for Sansiri

Published January 23, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


TRIS affirms BBB+ rating for Sansiri

Corporate January 22, 2019 15:04

By The Nation

TRIS Rating has affirmed the company rating for Sansiri PLC (SIRI) and the rating on SIRI’s existing senior unsecured debentures at “BBB+”.

At the same time, TRIS Rating assigned the rating to SIRI’s proposed issue of up to Bt4 billion in senior unsecured debentures at “BBB+”. The proceeds from the new debentures will be used for business operations.

The ratings for SIRI and its debentures reflect the company’s leading position and proven track record in the residential property development industry, well-recognised condominium and landed property brands, and diverse product portfolio.

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