All posts tagged Economics

Famed designer debuts first project in Thailand

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Famed designer debuts first project in Thailand

Real Estate June 14, 2019 15:23


The interior designer of New York’s most expensive condominium building, Danish-born Thomas Juul-Hansen, is debuting his first project in Thailand with the launch on Friday of Scope Langsuan residential condominium.

Scope Langsuan is situated on the most expensive piece of freehold land transacted in Thailand in 2018, at Bt3.1 million per square wah. Sample residences are slated to open for viewing on July 17, 2019, at the Langsuan Road site. Thomas Juul-Hansen is the designer of the interiors of New York’s One57, nicknamed “The Billionaire Building”. One57 held the record for the most expensive home ever sold in the city until January 2019 with the sale of a Bt3.2 billion (US$100.5 million) residence, and it was also the tallest residential building in New York City when it opened in 2014. Long-time property development innovator Yongyutt Chaipromprasith and Chief Executive Officer of the development company Scope, said: “We’re a disruptive developer, focusing exclusively on designing and building top, international standard premium homes and we cater to a new generation who seek homes where the design and build quality match the very best available in New York or London. So, we’ve teamed up with the best partners in the world. “Scope Langsuan is our reference project. It combines international premium standards and excellent design, with one of Bangkok’s best locations on super-prime Langsuan Road. Scope Langsuan has 158 residences and one commercial estate, rises 34 floors, is only 170 metres from Chidlom BTS station, and has a project value of over Bt7.8 billion.” Yongyutt said that the company has invested the highest design fees, ever, for a Bangkok condominium of this size because “we know that supreme comfort, functionality, convenience, and good taste in a residence have to be ‘designed in’ from the beginning and into every aspect of the home, and down to the smallest detail. And with great design and build quality, there will always follow strong, long-term property value appreciation.” He added: “We have also joined hands with one of the world’s most admired architectural design firms, KPF (Kohn Pedersen Fox) for the exclusive consult of architectural design of Scope Langsuan. Many of their buildings around the world have become city landmarks and they will help make Scope Langsuan a stand-out residential building in Bangkok.” New York-based KPF designed Shanghai’s iconic World Financial Centre, the International Commerce Centre that dominates Hong Kong’s skyline as its tallest and most extraordinary skyscraper, South Korea’s tallest building, the 123-floor Lotte World Tower, as well as New York’s Hudson Yards, which is the largest private real estate development in the Un


Property developer invests Bt1.5 billion in Rangsit

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Property developer invests Bt1.5 billion in Rangsit

Real Estate June 13, 2019 16:10


The Creators HQ says it has invested as much as Bt1.5 billion to build a premium condominium under the “Common TU” brand in Rangsit.

Apartments range from 26 to 51 square metres with prices starting at Bt2.2 million. The developer said they were ideal for students and property investors.

Chaiwat Jaktae, managing director of Creators HQ Co, Ltd, said: “Common TU is our first foray into the new premium high-rise condominium segment in the Rangsit area following the success of our ‘Conner Ratchthewi’ project which sold 75 per cent of its homes within three months. This time, the Creators HQ chose the golden location of Rangsit as our ‘beachhead’ in outer Bangkok as it is an attractive location for investors. The location is excellent in terms of ease of travel to the country’s northern, northeastern, and eastern regions, including close proximity to leading universities as well as major department stores and numerous industrial estates.”

Central Pattana opens its first shopping centre in Malaysia

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

Central Pattana opens its first shopping centre in Malaysia

Breaking News June 15, 2019 10:48

By The Nation

Central Pattana (CPN) on Saturday opened its first overseas shopping centre, Central i-City, in Malaysia, with the investment budget of Bt8.5 billion.

The project is a joint venture between CPN, who hold a 60 per cent stake, and Malaysia firm i-Berhad who hold a 40 per cent stake.

“Malaysia is the first step to Asean for our group,Vietnam will be the next,”CPN’s deputy chief executive deputy officer Wallaya Chirathivat said.

Helping society comes with a GUARANTEE

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

DR RAK Vorrakitpokatorn
DR RAK Vorrakitpokatorn

Helping society comes with a GUARANTEE

Corporate June 15, 2019 01:00


DR RAK Vorrakitpokatorn worries that too many people are shut out of the credit system. He is determined to cast the net wider than the banks do and draw into the system people from all walks of life – from street food vendors and motorbike taxi drivers to disabled people with business ideas. And then there are all the smaller enterprises denied loans by the banks.

Rak brings this vision of helping society by expanding access to credit to his new position as president of the Thai Credit Guarantee Corporation (TCG).

“I decided to apply to become president of the TCG after I had success in expanding the business of Export-Import Bank of Thailand to other Asean countries while I was senior executive vice president of the bank,” Rak said in an interview with The Nation Weekend.

“It is my passion to work with the TCG and find ways to collaborate with related parties to help small and medium-sized enterprises (SMEs). There are more than three million such enterprises nationwide that can benefit from loans, but only about one million of them managed to get loans from the banks.”

He also wants to open up channels for people who work in a freelance or casual capacity, such as taxi drivers, motorcycle taxi driver and online retailers, along with those who run street food and street stalls, to get bank financing with the help of loan guarantees from the TCG.

“In my view, TCG is a small state enterprise, as it has only about 400 workers. This give us the flexibility to carry out our work in supporting SMEs and micro SMEs to improve their business and achieve sustainable growth over the long term,” he says. “This is the main reason that I decided to resign from Export-Import Bank of Thailand and apply to serve here.”

Rak, 44, began working at the TCG on December 17, 2018; his term covers fours years.

“With my role at the TCG, it was the first time that I became the head of an organisation,” he says. “This presented a challenge for me in creating my own ideas for driving business growth and expanding the business, which is engaged in guaranteeing loans for all kinds of SMEs and Micro SMEs in the market.”

His goal is to open up the services of the TCG to everyone, providing them with the loan guarantees that secure the financing that they need. This support enables such people to create opportunities to learn how to better manage their businesses while using the borrowings to expand over the long term.

“Most people with small businesses cannot gain loans from the banks because they do not know how to manage their financial statements,” Rak says. “But we can help them to learn how to manage their financial statements, such as by doing their accounting and running check lists on their income and spending. In this way, we can help them to prepare a business plan based on their proposals, which they can present to the banks when applying for a loan. All this is provided in a service that we call Loan Clinic, where we effectively become their financial advisers.”

Rak says this open-door approach to doing business required an overhaul of the business model. Previously, the TCG sat back and waited for the banks to propose their customers for loan guarantees. That approach has now been reversed.

With the TCG acting as the applicants’ financial adviser, it advises them on how to gain loans from the banks and other financial institutions with loan products that match their needs.

“We are a partner with all the financial institutions. This means we have more choice for our customers in selecting what matches with their demands,” he says.

“This is the new model that we are implementing alongside our traditional model of dealing with customers that come from the banks. With this way of doing business, we believe that we will increase the growth in the number of new loan guarantees to between 20 per cent and 30 per cent a year from this year until 2022,” says Rak, referring to a timeframe that coincides with the year he is due to step down.

Under the business plan, the company will this year invest up to Bt200 million in upgrading its information technology (IT) system in line with the new business model. To meet customers’ demands, a further Bt300 million will be spent on digital technology development between 2020 and 2022.

With the upgrade of its IT system, the TCG will further reduce the processes involved in approving loan to just a single day next month. The process has already been reduced from 14 days to three days, he adds.

“The faster working process will increase our approval target for loan guarantees from an average of Bt88 billion in previous years to Bt115.5 billion this year,” he says. “It will also boost the number of our new customers from an average of 54,969 a year to 89,166 in 2019.”

“The TCG is also embarking on a reorganisation process. It has appointed PwC as its adviser on a business restructuring and the operational direction it will take for the future. These measures will drive the TCG forward as the top guarantor for both loan applicants and lenders in the country.”

In devising the new business model, Rak says he spent four months learning about the organisation’s work culture and he has sought to integrate the best aspects of the work culture into the business model while also striving to engineer change in the organisation.

“We are working together with the TCG staff and learning together on what we can achieve as the best outcomes,” he says. “This collaboration will help us in our efforts to change the business model and we hope to achieve our goals.”

Amidst all the hard work put in at the office, Rak says he manages to keep his weekends free for time with his family. He takes part in family duties like picking up his son for trips and enjoys the play time together. With this approach, he has succeeded in striking a balance between work and family life.

“In my view, when we have an opportunity to do business we have to be mindful to carry out such business with the aim of improving society and opening up opportunities for people to grow together,” he says. “It has been my quest, while progressing in my career to where I am now as the head of an organisation, to do what I can to serve society and drive forward the country’s growth.”

Lazada to sell Google Play Gift Code on LazMall

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Lazada to sell Google Play Gift Code on LazMall

Corporate June 14, 2019 18:26


Lazada, Southeast Asia’s leading e-commerce platform, and Google Play have launched Google Play Gift Code on LazMall to enable online audiences to easily top up Google Play credits in Thailand.

Thanida Suiwatana, Chief Marketing Officer of Lazada Thailand, said in a press release on Friday: “Lazada places importance on offering shoppers both convenience and authentic products that they can trust.

“Lazada has constantly partnered with leading international and local brands to provide alternatives in online shopping and a new channel for strategic brands to reach new customer groups. We are excited to having Google Play to enter flagship store on LazMall as it delivers convenience and guarantee Thai shoppers with the highest-quality shopping experiences,”

The company said shoppers can easily and quickly top up their Google Play balance by purchasing Google Play gift codes from LazMall which they can receive the codes instantly via email. This process enables shoppers to save time and does away with the need to travel.

Mike Jittivanich, Google Thailand’s head of marketing, said: “The launch of Google Play Gift Code store is a phenomenon in the digital business sphere as it marks the first time in Thailand that Google Play gift codes are available for users on an E-Commerce platform.

“By making this gift code service available on LazMall, Thailand users can enjoy a smooth and streamlined digital purchase experience. Lazada will be our strategic partner to widen the reach to digital-native and younger audiences. We also look forward to bringing more online game promotions to Thai customers later this year.”

Google Play gift codes are available at LazMall for 300, 500, 1,000 and 2,000 baht. To celebrate the launch, Lazada is offering a discount of 5 per cent during the limited-time flash sale period from 19 to 25 June 2019 and 5 per cent cash back when payment via Lazada Wallet is made between 15 and 30 June 2019.o

Sub Sri Thai rating set at ‘BBB-‘ by Tris

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Sub Sri Thai rating set at ‘BBB-‘ by Tris

Corporate June 14, 2019 18:17

By The Nation

TRIS Rating has affirmed the company rating on Sub Sri Thai PLC (SST) at “BBB-“.

The rating reflects SST’s market position in the chain restaurant and quick service restaurant (QSR) market segments and its track records as a warehouse operator and provider of document storage services.

However, the rating is partially weighed down by weak profitability, challenges in the QSR and restaurant businesses, and uncertainty surrounding the efforts to expand the restaurant segment outside Thailand.

TRIS said SST has a long track record and established market positions in the warehouse, wharf, and document storage businesses. SST operates 32 goods storages and 19 document storages.

Warehouse and document storage segment provides source of revenue and profit that are quite stable. These two segments account for 11 per cent of total revenue in 2018 and 30 per cent of the group’s earnings before interest, tax, depreciation, and amortisation (EBITDA).

Vietjet’s career festival takes off

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Vietjet’s career festival takes off

Corporate June 14, 2019 18:15


The Vietjet Group is again hosting its annual “Sky Career Festival 2019” in Bangkok, where participants can explore career development, learn insights from true airline professionals, and lodge their application at the same time.

The event will be held on June 22, 2019, at Grand Ball Room of Holiday Inn Bangkok Sukhumvit Hotel in Bangkok from 8.30am to 5pm.

Vietjet said in a press release on Friday that it is giving more opportunities for people who dream to work in the airline industry as pilots and cabin crew, or in engineering, ground operations, and other related positions.

There will be various activities which help participants become familiar with various positions. Participants will have the opportunity to closely meet and discuss with professional staff from various departments, together with a chance to win special gifts from the activities such as the lucky draw and photo booth.

As a multinational brand, apart from strong commitment to the development of tourism and trade of the countries, Vietjet constantly expands its flight network and also offers great career opportunities and professional working environment to young generation and local labor to pursue their dreams.

With a wide range of opportunities to be showcased, the event is free for all attendees to come and find out about the job vacancy and required skills.

Last year’s event was a big success with over 2,500 people participating. Many of the successful candidates at the time are now working at Vietjet and also come to provide support and guidance at the event.

Easy Buy given ‘AA+’ Fitch rating

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation


Easy Buy given ‘AA+’ Fitch rating

Corporate June 14, 2019 17:53

By The Nation

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of ‘AA+(tha)’ to Easy Buy Public Company Limited’s (EB; AA+(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to three years.

The bonds are rated at the same level as EB’s National Long-Term Rating as they represent the company’s unsubordinated and unsecured obligations.

EB’s ratings are driven by Fitch’s view that it is a strategically important subsidiary of Japan-based ACOM CO., LTD. (A-/Stable). ACOM owns 71 per cent of EB and there is a high level of management and operational integration between EB and its parent. Furthermore, EB has strong synergies with ACOM and plays a key role in the parent’s regional strategy.

International Dog Show at IMPACT

Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

International Dog Show at IMPACT

Corporate June 14, 2019 17:40

By The Nation

Bring your dogs to have fun with various activities at Thailand’s International Dog Show from July 4 to 7 at the IMPACT complex Muang Thong Thani.

The event is organised by IMPACT Exhibition Management, Thai Pet Products Industry Association, the Dog Breeding Development Association (Thailand), and Perfect Companion Group.

“Dog’s Fit City” will be part of the event that will also exhibit high quality dog products and outstanding dog services.

Visitors will find discounts on dog products and services of up to 70 per cent.

For more information visit or Facebook: ThailandInternationalDogShow.


Published June 15, 2019 by SoClaimon

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation



Corporate June 14, 2019 01:00

By The Nation

Asia Plus Securities Co Ltd has revised down its forecast of SET-listed companies’ total net profit from Bt1.06 trillion to Bt1.03 trillion at the end of this year, taking into accounts the slow pace of economic growth and impact from the US-China trade war.

The securities firm has also revised down forecast of the SET index from 1,705 points to 1,669 points at end of the year amid decclining investments in the ThaI capital market.

The company also cut the earning per share forecast or EPS of listed firms to 5.6 per cent from an earlier estImate of 8.9 per cent.

“EPS of SET-listed companies is still lower than that of listed companies in other countries in Asia, the brokerage said.

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