Tag: bangkok

  • Shopee teams up with DHL eCommerce in Thailand to offer a seamless delivery experience

    Shopee teams up with DHL eCommerce in Thailand to offer a seamless delivery experience

    DHL eCommerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, is partnering with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, to offer greater convenience and choice to Shopee users in Thailand. Sellers on Shopee can now access over 500 DHL ServicePoints across Thailand to drop off their parcels and have them delivered to their shoppers across Thailand. Alternatively, sellers can also arrange a pickup from DHL for door-to-door delivery service to their buyers.

    “We are thrilled to be partnering Shopee to offer greater ease, choice and control over  the online delivery experience. Shoppers’ expectations are growing with regards to their entire purchasing experience — they expect a great and seamless experience from the time they click to purchase until the goods are received. A recent report states that 60% of consumers purchased from one online merchant over another because delivery options were more convenient for their needs, highlighting the pivotal role of delivery in the overall online shopping experience[1] ,” says Kiattichai Pitpreecha, Managing Director, Southeast Asia, DHL eCommerce. 

    “Shopee is excited to work with DHL eCommerce and we are confident that our users will benefit from the suite of services and features offered by DHL. We aim to become the online shopping destination of choice in all our markets and will continue to explore synergies between the two companies to make both buying and selling on Shopee as easy and seamless as possible,” says Terence Pang, Chief Operating Officer of Shopee.

    DHL’s domestic delivery network in Thailand offers high quality delivery service and a range of other services, such as easy IT and API integration, end-to-end tracking, delivery insurance, cash on delivery and more, tailored for the booming e-commerce industry. This enables sellers and leading brands on Shopee to efficiently reach out to customers across the country. Shoppers on the other hand will benefit from the consistent quality and convenience of delivery options. DHL eCommerce will also be growing its ServicePoint footprint in Thailand to over a thousand in the coming months to offer increased touchpoints with users.

    To mark the start of the partnership, Shopee and DHL will be extending a limited period free shipping promotion. Shopee sellers can enjoy free shipping nationwide (terms and conditions apply) from now until 30 June 2018 when they select DHL as the logistics provide for their shipments.

  • YAANA Corporate Challenge Announced for September in Thailand

    YAANA Corporate Challenge Announced for September in Thailand

    Companies across Asia are being invited to join the 2nd YAANA Corporate Challenge, which will take place in Chiang Mai, Thailand, 21-23 September 2018.

    The 2-day/3-night corporate networking event has been designed for business people interested in environmental best practice. By day, the participants ride bicycles to see the best of northern Thailand scenery. Participation in the bike rides raises funds for Operation Smile Thailand. The charity pays for operations for Thai children to fix debilitating deformities such as cleft lip.

    Evenings in Chiang Mai will feature relaxed activities such as a cocktail reception and dinner to replenish calories burnt by day. The Friday evening dinner will feature a guest speaker. The closing dinner on Sunday night will take place at an iconic location in Chiang Mai city.

    The annual cycle ride was conceived by responsible tourism investor, YAANA Ventures. Khiri Travel and cycle trip specialists, Grasshopper Adventures, will handle logistics. YAANA is leading the sign-up and fundraising component.

    “It is not a cycle race,” says Mark Remijan, CFO of YAANA Ventures. “Far from it. Our priority is corporate networking and fundraising based on sustainability and conservation themes. It’s also about health, enjoying amazing scenery, and raising funds that will enhance young people’s lives.”

    Only a moderate amount of fitness is required. The bike ride element will offer two options: 140kms or 100kms over two days. This comes with full back up support van and plenty of good food and refreshments along the way.

    Last year the male and female riders in the YAANA Corporate Challenge raised US$25,000 for Operation Smile. They are targeting around US$40,000 this year.

    The funds will be used to pay for operations, after care and speech therapy for Thai children born with facial deformities. Kind-hearted companies can sign up teams of one to three riders depending on their sponsorship package: platinum (three riders for THB175,000/US$5,600), gold (two riders for THB125,000/US$4,000), or silver (a single rider at THB75,000/US$2,400).

    Packages include bikes with full technical support, accommodation, corporate branding, apparel, meals, souvenirs, publicity for participating brands, and more.

    The inaugural YAANA Corporate Challenge bike ride took place in coastal central Vietnam in September 2017. Companies interested in participating this year can view the Vietnam clip as a guide to what to expect in Chiang Mai.

    The YAANA Corporate Challenge is open to business leaders from any sector, says Willem Niemeijer, CEO of YAANA Ventures.

    “Participants from any industry can join,” says Niemeijer. “They should be passionate about people and planet as well as profits – and ready to get in the saddle to enjoy great scenery by day, and the exchange of ideas in the evening.”

  • AEON Free New Kawaii LINE Sticker “Kanekko Cat” is Available Now

    AEON Free New Kawaii LINE Sticker “Kanekko Cat” is Available Now

    AEON Thana Sinsap (Thailand) Public Company Limited launched the sixth version of its LINE sticker set, “AE Chan, ON Kun & Kanekko” which introduces new kawaii character, “Kanekko”, a Japanese cat with colorful kimono who represents warmth and friendship towards AEON members. The new LINE sticker’s 3D animations will make every chat more fun. The stickers have a 90 days validity and can be downloaded for free from now until 30 May 2018.

    Becomes friends with AEON LINE Official for more information on promotions and activities by searching (“AE Chan, ON Kun & Kanekko”)

  • The Mall Group spends 17 billion THB in a facelift

    The Mall Group spends 17 billion THB in a facelift

    The Mall Group plans to spend up to THB17 billion (US$544.2 million) initially to overhaul its Bangkok complexes.

    After 35 years it is aiming for a fresh image as e-commerce buffets the retail industry.

    “We are confident the new look will pave the way for a new chapter in Thailand’s retail
    landscape, as store design, shopping ambience, and product and service offerings become more cool and chic,” said The Mall Group senior executive VP Achara Umpujh in an interview.

    With its tenant leasing agreement about to expire, The Mall Ngam Wong Wan will be first up for a facelift in August, pegged to cost THB3.5 billion and take nearly two years to complete.

    The company will also spend THB6 billion to demolish The Mall Ramkhamhaeng and rebuild it. Work starts next month and is expected to take about two and a half years.
    Finally, major renovations for The Mall branches in Bang Kapi, Bang Khae and Tha Phra will be done in parallel and be completed within the next five years.

    After completing its remodelling work, the company will update other business units such as Be Trend, Power Mall and Sports Mall.

    Meanwhile, group chairwoman Supaluck Umpujh will launch the EmSphere retail project near The Emporium shopping complex this year following two years of delay.

  • Alibaba in a smart deal with the Thai government

    Alibaba in a smart deal with the Thai government

    China’s Alibaba Group will partner with the Thai government to build a smart digital trading hub in Thailand while also working to develop its capabilities in e-commerce, digital logistics, tourism and training.

    Alibaba says it will work with Thailand on everything from boosting efficiencies in trade to educating Thai entrepreneurs and SMEs in digital commerce. The partnership will give Thailand access to technologies and processes that can help advance its economy, while Alibaba gains a stronger foothold in an important market in Southeast Asia.

    Local news media has valued Alibaba’s Thai investment commitments at THB11 billion (US$352 million).

    The smart digital hub, in Thailand’s Eastern Economic Corridor, will use technologies from Alibaba and its logistics platform Cainiao Network to streamline trade between Thailand and China and other markets, including digitising the customs process.

    At the same time, Alibaba and the Thai government say they will develop educational initiatives for SMEs and entrepreneurs to learn best practices for e-commerce. Included are courses co-developed by Alibaba Business School and Thailand’s Ministries of Industry and Commerce, as well as training centered on the digital economy at Alibaba Business School in Hangzhou.

    Under the deal, Thailand also gains greater access to China’s consumer market. Thai products such as fragrant rice, durian and other tropical fruits are in demand in China.

    In a related move, a flagship store has been launched on Alibaba’s Tmall platform to sell Thai rice, the country’s main export.

    Alibaba’s online travel platform Fliggy is part of the arrangement because of Thailand’s popularity as a destination for Chinese tourists. Fliggy and the Tourism Authority of Thailand will work to develop smart and digital services for those visitors, including online tour guides and electronic ticketing systems.

  • True Move told to consider compensation over data leak

    True Move told to consider compensation over data leak

    Thai telecoms regulator NBTC has instructed mobile operator True Move H to assess the impact of its recent personal data leak and offer compensation to any affected customers.

    The regulator also plans to conduct a formal investigation into the incident and consider imposing punishments, and issue a letter demanding that mobile operators take appropriate steps to prevent similar breaches in the future.

    A security researcher recently revealed that the identity documents of up to 45,736 customers of True subsidiary iTrueMart had been exposed by being stored in a publicly-accessible Amazon S3 data bucket. The company also took more than a month to finally make the cache of files private.

    Researcher Niall Merrigan discovered the cache by scanning certificate transparency logs created when someone creates a new security certificate.

    Yet True Move H and parent True Corp are continuing to characterize the action as a data breach. A True Corp executive told that the company is considering taking legal action for hacking the data from the system, stating that he used “special tools to access data which he has no right to get into.”

    But a cloud expert noted that because the default setting for the AWS S3 service is private, True had to have intentionally set the data to public.

  • Nok Air touches down at Mae Hong Son

    Nok Air touches down at Mae Hong Son

    Nok Air landed smoothly at Mae Hong Son Airport in a maiden flight that re-established the long-awaited direct air link between Bangkok and the northwestern city.

    The arrival of flight DD8214, operated by a 72-seat ATR72-500 turboprop, marks a new era for easy connection between the Thai capital and “the city of three mists.”

    Officiating the launch was Transport Minister Arkom Termpitthayapaisith, Mae Hong Son Governor Suebsak Aiamwijan, Nok Air CEO Mr. Piya Yodmani, Thai Airways International (THAI) Acting President Usanee Sangsingkeo and THAI Smile Acting Managing Director Chatchai Panyoo.

    The city was without direct service from Bangkok for decades mainly because of limited demand for both leisure and business travel.

    But with Nok Air’s newly-introduced services, at three flights a week, Mae Hong Son’s economy, particularly its high-potential tourism industry, will be given an impetus.

    The launch quickly responds to the Government’s recent directive to enhance access to the province whose economic and social development has been in greater focus, said Mr. Piya.

    The introduction was also made possible by cooperation extended by THAI and subsidiary THAI Smile which became code-share partners for the flight under the umbrella of THAI Group which the three carriers belong, he added.

    Subject to robust demand, Nok Air may step up the Bangkok-Mae Hong Son frequencies, now on Wednesday, Friday, and Sunday, on a daily basis, according to Mr. Piya.

    The ATR72-500 turboprop was chosen for the flights because it can operate on the shorter runway at Mae Hong Son airport.

    Mae Hong Son Governor Suebsak welcomed Nok Air’s decision to offer regular Bangkok-Mae Hong Son service for it would spur the province’s development, especially the tourism sector.

    “It would help spreading out tourism to the wider area of Mae Hong Son, rather just the current hotspot at Pai,” he noted.

    Last year, Mae Hong Son attracted 862,219 tourists with total spending of THB 4.17 billion.

    Nok Air CEO, Mr. Piya estimated Nok Air could bring in at least 20,000 tourists directly by air to the province this year.

    Access to Mae Hong Son by ground transport is a challenge, a mountain road that boasts 1,864 hairpin bends end-to-end.

    Nok Air will cover the distance from the Thai capital and Mae Hong Son in one hour and 50 minutes.

  • NBTC backs down on financial relief for AIS, True

    NBTC backs down on financial relief for AIS, True

    Thai telecoms regulator NBTC has backed down on its recommendation of providing financial relief for mobile operators AIS and TrueMove in the face of criticism from academia and the public sector.

    The regulator will no longer support a plan to provide relief from the operators’ 900-MHz license payment obligations.

    The ultimate decision will be down to the National Council for Peace and Order (NCPO) and the government, but the NBTC will not oppose a plan that would ease the financial burden of digital TV operators but leave 900-MHz license winners out.

    AIS and TrueMove both petitioned the NCPO in September requesting assistance in easing their license payment terms. The NBTC had drawn up a proposal to grant five year extensions for the payments of the final 900-MHz license payments, but the proposal was controversial.

    TrueMove noted that the winning prices of the 2015 900-MHz spectrum auction were six times higher than the reserve price and the highest in APAC, and has warned that without financial relief the company will have limited capital for investment in services including 5G and the IoT. The company could also be hampered in its participation in the upcoming 1800-MHz auction.

    AIS has likewise argued that relaxing the 900-MHz payment scheme would allow the company to invest in expanding and upgrading its mobile network, benefiting consumers.

  • ShopBack Thailand Announces Partnership With Shopee

    ShopBack Thailand Announces Partnership With Shopee

    ShopBack, the biggest online Cashback platform connecting retailers and consumers, is partnering with Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, in response to Shopee being the top-requested merchant by ShopBack customers. This strategic collaboration is set to enhance the ShopBack shopping experience, broaden the range of brands available and provide Shopee users up to a whopping 6.5% Cashback on their purchases.

    Since ShopBack’s launch in Thailand in July 2017, demand has been high, with shopping trends revealing that Thailand is leading the way in online retail therapy.  Top favoured products by Shopback users include health and beauty products and electronics – two of Shopee’s leading categories. Interest in these categories is growing and ShopBack has experienced huge buying peaks during big online sale events, with a 10 times increase in purchases – another reason why the ShopBack-Shopee partnership is destined to capture more of the online market.

    Now, ShopBack fans can click on the Shopee logo on the ShopBack app, and conveniently shop millions of products on Shopee, while earning Cashback as they spend on their favorite products. New Shopee users can enjoy a special 6.5% Cashback rate while existing Shopee users can also benefit from a 2.5% Cashback rate on the purchase price of Shopee goods. The Cashback will be paid directly to users’ bank accounts, allowing for greater convenience.

    Kawin Prachanukul, Country Head of ShopBack Thailand explains how important the relationship with Shopee is, “The success of ShopBack is that we give power to consumers, not only by giving them Cashback for their loyalty and their custom, but also by listening and responding to the platforms, brands, and types of products they want. They want Shopee and now they’ve got it. ShopBack has experienced a great milestone in Thailand with over 1,300 merchants, over 4 million users and around 1,000 orders per hour.”

    Agatha Soh, Head of Marketing at Shopee, said, “We look forward to working closely together with Shopback to provide a great online shopping experience for users all across Thailand, and to further drive the growth of the Thai e-commerce industry.”

     

  • Thai Airways ban obese flyers and young kids from business class on new Dreamliner

    Thai Airways ban obese flyers and young kids from business class on new Dreamliner

    The ban was explained on Friday by the airline’s director of security and flight standard division, Flight Lieutenant Pratthana Pattanasirim. Thai Airways received two new 787-9 Dreamliners in September, which included brand new Zodiac Cirrus seats for their Royal Silk business class in a more spacious 1-2-1 configuration.

    The seats convert to a fully flat bed and allow privacy and direct aisle access.

    In accordance with the US Federal Aviation Administration, the seats have been installed with new airbag systems and safety belts, which cannot accommodate passengers with a girth wider than 56 inches (142.24 centimetres).

    This also rules out parents flying with young children seated on their laps, who will now be forced to fly cattle class on the Bangkok to Auckland and Taipei routes the new Dreamliners operate.

    The new Boeing 787-9 planes were introduced to bring the most technologically advanced aircraft  to its fleet for passenger comfort, and to open up opportunities to fly new long distance, non-stop routes to destinations such as North America.

    This is in addition to their existing fleet of Boeing 787-8s (slightly smaller than the 787-9s) and Airbus A350s (a direct competitor to Boeing’s Dreamliner) – which operate on flight routes to Europe, Melbourne and Singapore.

    Of course, this is not the first time international airlines have sidelined overweight passengers.

    In 2013, Samoa Air was the world’s first airline to charge passengers according to their weight. The now defunct airline asked passengers for one Samoan tala –around 55 cents – for each kilo that they were bringing aboard (including luggage). Samoa has one of the highest rates of obesity in the world, with nearly three quarters of its adult population considered obese.

    Hawaiian Airlines also introduced a new policy for those flying to or from Pago Pago, American Samoa’s capital, whereby passengers were no longer allowed to choose their seats online and were subject to weighing before boarding, so that the airline could redistribute weight in its cabins accordingly.

    The enforced weigh-in was made after the airline discovered their fuel burn on Pago Pago flights were consistently much higher than projected, indicating their estimated weight for the flight route was inaccurate.

    In late 2017, Finnair began weighing their boarding passengers as they believed the average weight estimates from the European Aviation Safety Agency (EASA) – a report compiled nine years ago – were off.

    The EASA estimates the average male weighs 84.6 kilograms, and the average female 66.5 kilograms. Yet average weights for the Finnish population tend to be slightly higher at 85 kilograms for males and 70 kilograms for females.

    So Finnair set about conducting its own report, surveying 2000 voluntary passengers to gain more current figures on passengers’ weight.

    To estimate how much fuel is required for a flight, airlines must know the weight its aircraft carries.

    The heavier the plane, the more expensive the flight, but safety is an important factor too as planes have a maximum take-off weight.

    The new seats in business have been installed with new airbag systems and safety belts, which cannot accommodate passengers with a girth wider than 142.24 centimetres.

  • Fendi Thailand has launched two pop-up stores in Bangkok

    Fendi Thailand has launched two pop-up stores in Bangkok

    Fendi Thailand has launched two pop-up stores in Bangkok’s Siam Paragon. Its concept is a luxurious reinterpretation of the Roman-style vintage newsstands typical of piazza in the heart of Rome. One kiosk is dedicated to the label’s spring/summer women’s collection while the other puts its focus on the men’s collection. Both outlets feature ready-to-wear, leather goods, small leather goods, accessories and shoes.

    To mark the launch of the pop-ups, Fendi hosted a Roman-inspired cocktail party with special guests including Chontida Asavahame, Mai Davika, Nattarat Nopparuttayaporn, Note Panayangkool, Pasakorn Vanasirikul, Sonya Singha, Sorawis Saengvanich and Violette Wautier.

    Included in the men’s collection are everyday Fendi items including illustrations done by British artist Sue Tilley. Items include a glossy red corkscrew, an antique set of keys, leaky bathroom taps, a plastic rotary telephone and a desk lamp.

    The kiosks will be active until June.

  • Paragon dip hits SPH Reit income

    Paragon dip hits SPH Reit income

    Lower revenue at Paragon mall hit net property income for SPH Reit Management for its second quarter to the end of February.

    The return of S$42.2 million (US$32 million) dipped 1.1 per cent from the same period last year. This reflected a rental reversion of -7.1 per cent for new and renewed leases at Paragon in the first half, mainly because of negotiations during the retail sales downturn since 2014. The decline was more moderated in the second quarter, says SPH.

    There were only three changes in tenancies at Clementi Mall, representing 1.4 per cent of the mall’s net lettable area.

    However, tenant sales have grown in the malls in tandem with the recovery in retail sales since June. Both properties also continued their track record of full occupancy.

    “In keeping with our philosophy of treating tenants as business partners, we work closely with them to ride through both cyclical and structural challenges in the retail environment,” says SPH Reit Management CEO Susan Leng.

  • SookSiam centrepiece for IconSiam Thailand

    SookSiam centrepiece for IconSiam Thailand

    IconSiam will showcase the best products, services and artistic creations from Thailand’s 77 provinces in a single exciting destination when the massive THB 54 billion (US$1.7 billion) riverside landmark development opens later this year.

    Called SookSiam, the retail space will take up 15,000sqm of the ground floor of the massive shopping destination being built on the banks of the Chao Phraya River.

    The THB 700 million (US$22.4 million) SookSiam is expected to attract 21.9 million visitors, annually, and introduce a new retail concept to Thailand which IconSiam calls “co-creation”.

    Chadatip Chutrakul, IconSiam director and Siam Piwat CEO, promises SookSiam will be “an immersive, emotional and entertaining” drawcard to the mall.

    “It is a part of IconSiam’s commitment to bring all that makes Thailand great to the world’s attention. It will help small enterprise owners, artisans, artists, and performers who are local heroes from around the country access a globally visible, omni-channel platform on which to showcase their creations and become integrated into a greater commercial ecosystem. This will help local heroes become national heroes and global heroes,” she says.

    “SookSiam is conceived as a place that will present the cultural heritage of the four main geographic regions of Thailand, capturing their arts, handicrafts, performing arts, and local wisdom. Within SookSiam are outlets of varying types that are built in the style of their respective regions, and which offer regional specialties, whether they be crafts, foods, beverages, or services that are unique to that region.

    “We have layered on top of this a completely new, emotional dimension by letting visitors experience the stories behind everything they see, and we let them know about the people involved with each place, product, and service at SookSiam. It makes the offerings at SookSiam exciting and meaningful, and the destination very much more engaging because of the deeper knowledge that visitors will have about all that is around them,” says Chutrakul.

    Local builders drawn from each region will construct SookSiam and more than 200 artists have been commissioned to decorate it.

    “Their involvement in the creation of the regional zones has been the key to making the entire destination impeccably faithful to the artistic heritage of the localities and in a way that could only be done by a truly local person,” she says.

    Authenticity key

    “What’s never been done before and what makes SookSiam truly unique is its authenticity.

    The outlets at SookSiam are real stores that all also exist in towns and villages around Thailand and which have been transposed into SookSiam. They are small mom-and-pop operations that are famous in their localities but which have never had a chance to present themselves to a wider national or global audience. They are stores with real, extraordinary stories and real, multi-generational legacies that are rooted in their respective local communities,” says Chutrakul.

    “SookSiam is like a window into every province and into every corner of Thailand. People can see, feel, and experience with their every sense the true heart and soul of each locality.”

    She believes the destination will help every Thai and foreign visitor connect with and admire products, recipes and artistic creations that are the result of dedication and accumulated knowledge built up through generations.

    “Because of this, the destination has an emotional dimension that comes from the lives and life stories behind everything present at SookSiam. It is a very moving experience because it honours the heritage of so many great people who have been a living part of our culture and of Thainess, but who have been hidden from view. Nothing like this has ever been done in Thailand before,” she says.

    SookSiam is being produced and curated by Luckana Naviroj, who is known for her expertise in sourcing authentic products and foodstuffs from around Thailand.

    Naviroj said the outlets in SookSiam all have a real counterpart in small towns in Thailand, and that many of them are enterprises that have been operated by several generations of the same family.

    “We travelled the entire country to find these unique shops, artisans, and artists, and invited them into SookSiam, which will serve as an extraordinary platform onto which people – the “local heroes” from around the country – can place their talents and products, and draw global attention as well as expanded sales opportunities, 365 days a year.

    “Thai and foreign visitors to SookSiam will have the opportunity to experience or purchase some genuinely exciting and special offerings which have been hidden away in towns and villages around Thailand,” she says.

    Preserving the nation’s heritage

    Naviroj says helping these small operators will help preserve Thailand’s cultural heritage and the rapidly disappearing Thai way of life.

    “SookSiam offers a platform that will help the next generation turn their legacies into bigger enterprises that can challenge and reward them enough for them to continue in their families’ proud traditions while preserving Thailand’s priceless cultural heritage at the same time.  Without an opportunity to expand their businesses and become part of a greater commercial ecosystem, or for artists and artisans to attract more sponsors, the next generation will, almost certainly, abandon their occupations and turn to new sources of employment leading to the loss, forever, of our cultural heritage and the way of life that has defined what it means to be Thai.”

    Co-creation initiative

    Meanwhile, Chutrakul says SookSiam is the first example of a new retail approach called “co-creation” around which the entire IconSiam development is designed.

    “Everyone involved with IconSiam, whether they be outlets selling products, or designers and artists showcasing their creations, are an inseparable part of our business model and our design and development process. IconSiam is being created in collaboration with thousands of tenants and other partners. SookSiam represents that co-creation concept perfectly because everything special being presented at SookSiam is actually created by someone somewhere else in Thailand. We ‘co-create’ with them by adding our knowledge of consumer preferences and supporting them with innovation as well as retailing and marketing techniques based on our insights into the needs of Thai and foreign visitors. We also assist them in ‘curating’ the selection and presentation of their offerings at SookSiam, all in a way that is consistent with the government’s Thailand 4.0 program to help people add value to their intellectual property and proprietary skills,” she concludes.

    IconSiam will open in the last quarter of this year.

  • Anant Kaewruamvongs to take helm at Thaicom

    Anant Kaewruamvongs to take helm at Thaicom

    Asian satellite operator Thaicom Public Company Limited (Thaicom) has appointed Anant Kaewruamvongs as chief executive officer and director of the board, effective May 1.

    Anant takes over from Paiboon Panuwattanawong, who resigns from his positions as director, member of the executive committee and CEO, after severing Thaicom for over 25 years.

    Commenting on the appointment, Thaicom chairman Prasert Bunsumpun said [PDF] Anant “is the right person to lead and move Thaicom forward.”

    “The Thaicom board of directors and I welcome Anant Kaewruamvongs as new CEO. We believe his extensive experience makes him the ideal candidate to lead the company as we navigate through the next stage of growth and diversification of our business,” said Prasert, who took over as chairman at Thaicom in March.

    He said Paiboon’s contributions and dedication to Thaicom and the Thai satellite industry have been “immeasurable”.

    “We would like to thank Mr. Paiboon for taking on the challenge as CEO and for steering the company to new horizons. He and his leadership team have successfully embarked on a difficult restructuring process of our business and organization during difficult times for the satellite industry and Thaicom,” Prasert said.

  • Uber selling Southeast Asian business to regional rival Grab

    Uber selling Southeast Asian business to regional rival Grab

    Ride-hailing giant Uber is selling its business in Southeast Asia to regional rival Grab while gaining a robust stake in the fast-growing ridesharing, food delivery and financial services business.

    Grab said Monday that Uber will take a 27.5 percent stake and a seat on its board as part of the deal. Financial details were not disclosed.

    Since becoming Uber’s CEO in September, Dara Khosrowshahi has been maneuvering to make the company profitable before a planned initial public offering expected next year.

    The company’s full-year net loss widened to $4.5 billion in 2017 as it endured multiple scandals and the departure of its co-founder and former CEO Travis Kalanick.

    The deal enables Uber to keep a foothold in the increasingly affluent market of 640 million people while cutting its losses.

    “It will help us double down on our plans for growth as we invest heavily in our products and technology to create the best customer experience on the planet,” Khosrowshahi said in a statement.

    Grab provides services in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Myanmar and Cambodia. It says it offers access to five million drivers and agents and handles over a billion transactions a year.

    The deal was dismaying to many in Asia who have often compared the rival apps in search of the best deal.

    The Uber app will be discontinued in just two weeks, and in the meantime its drivers have to sign up to drive with Grab. Riders, likewise, will need to download the Grab app and set up accounts, although their Uber accounts will still work outside Southeast Asia.

    The companies said that Uber Eats, the food delivery business, will run in Southeast Asia through May and then shift to the GrabFood platform. Grab has been seeking to dominate the regional market for car and motorbike hailing and has expanded into other areas, recently announcing plans to partner with a Japanese credit card company to provide credit to millions of people without bank accounts.

    In Indonesia, the region’s biggest economy and most populous country with more than 250 million people, it’s in a fierce battle for customers with local app Go-Jek, which has backing from Google and Tencent.

    Grab’s CEO and co-founder Anthony Tan said the acquisition of Uber’s regional business marks the beginning of a new era in using mobile businesses to provide transport, food delivery, payments and other financial services across the region.

    Uber has withdrawn from several big overseas markets. It sold off its China business to a competitor and partner, Didi Chuxing, taking a stake in Didi. In Russia, it agreed to merge its ride-hailing business in the country with Yandex, a local search-engine leader that also runs a popular taxi-booking app.