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Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup

12. November 2024

Disrupt Health Impact Fund celebrated a successful investment in 'DiaMonTech,' a German DeepTech startup

The post Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup appeared first on The Story Thailand.

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Betagro launches first feed mill in Lao PDR with 650 million THB investment

12. November 2024

Betagro Public Company Limitedhas inaugurated its first feed mill in Lao PDR, representing a strategic investment of over 650 million THB.

The post Betagro launches first feed mill in Lao PDR with 650 million THB investment appeared first on The Story Thailand.

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Alibaba unviles AI model “Baguan” for weather forecasting

12. November 2024

Alibaba DAMO Academy, announced the official launch of “Baguan” weather forecasting model.

The post Alibaba unviles AI model “Baguan” for weather forecasting appeared first on The Story Thailand.

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SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox

11. November 2024

SCB 10X, in collaboration with SCB, InnovestX , Fireblocks, Elliptic, Circle and Base, announces the launch of Rubie Wallet, a digital wallet application

The post SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox appeared first on The Story Thailand.

Les mer >>>

Thai Union unveils Strategy 2030 to achieve US$7billion revenue

11. November 2024

Thai Union Group PCL, announced Strategy 2030, its ambitious roadmap to achieve significant growth.

The post Thai Union unveils Strategy 2030 to achieve US$7billion revenue appeared first on The Story Thailand.

Les mer >>>

CPN invests 2 billion baht to transform the community mall landscape around Bangkok

07. November 2024

Central Pattana is continuing its business development and has unveiled a major rebranding strategy to modernize the community mall

The post CPN invests 2 billion baht to transform the community mall landscape around Bangkok appeared first on The Story Thailand.

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UOB and GoWabi co-host a seminar to support beauty & wellness businesses

07. November 2024

UOB Thailand, in collaboration with GoWabi, the online platform for beauty and wellness deals, has organized the "Passion to Success" seminar

The post UOB and GoWabi co-host a seminar to support beauty & wellness businesses appeared first on The Story Thailand.

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  • Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup

    Disrupt Health Impact Fund celebrated a successful investment in 'DiaMonTech,' a German DeepTech startup

    The post Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup appeared first on The Story Thailand.

    Disrupt Technology Venture, also known as Disrupt, continues to strengthen the healthcare ecosystem with its Disrupt Health Impact Fund, launched in May 2024. The fund recently celebrated a successful investment in ‘DiaMonTech,’ a German DeepTech startup that owns multiple patents for a revolutionary technology capable of accurately measuring glucose levels without blood draws. The number of investment partners has increased from four to seven.

    Disrupt is actively seeking additional partners to expand its Thai healthcare collaboration network and access world-class Deep Technology in healthcare. The fund aims to invest in up to 15 Thai and international healthcare DeepTech companies within the next 3–5 years, capitalizing on opportunities presented by the increasing average lifespan and the growing proportion of aging populations globally.

    Krating Poonpol, Chairman of Disrupt Health Impact Fund, 500 TukTuks Fund and ORZON Ventures revealed by 2043 the global economy is expected to reach 100 trillion USD, or approximately 3,379 trillion THB. He identifies Healthcare as one of the three main sectors driving this growth, fueled by an aging global population and increasing life expectancies, coupled with revolutionary medical technologies. Additionally, the self-care market is gaining traction, spurred by a global shift towards Value-Based Health Care and a rising consumer focus on health maintenance. This trend is expected to propel the self-care medical device market from 24.4 billion USD or approximately 825 billion THB in 2023 to 42.6 billion USD or approximately 1,440 billion THB by 2032. The investment in DiaMonTech, a company specializing in non-invasive glucose monitoring, aligns with these trends. This technology not only addresses a critical need in the market but also offers vast potential for global scalability, targeting both diabetic patients and health-conscious consumers.

    Jantanarak Tuekaew, Managing Director of Disrupt Technology Venture (“Disrupt”) and Partner of Disrupt Health Impact Fund, said, “We are thrilled to invest in DiaMonTech, a DeepTech startup based in Germany. DiaMonTech is the inventor and patent holder of a revolutionary technology that measures blood glucose levels non-invasively. Simply placing a finger on the device allows for a glucose level reading in just 30 seconds, making it more convenient and frequent compared to traditional blood draws. This is particularly beneficial for the 530 million diabetics worldwide, as it facilitates easier daily management of their condition. Given the chronic nature of diabetes and its potential to lead to further complications, and with 5.2 million people with diabetes in Thailand—equating to one in eleven people—this technology is expected to significantly ease self-care routines. It will also provide data that enables better symptom monitoring by healthcare professionals, thereby having a profound impact on the lives of both patients and the general population in preventing diabetes.”

    Naranpat Thitipattakul, Partner of Disrupt Health Impact Fund, elaborated on the fund’s selection criteria and process for investment analysis. Disrupt Health Impact Fund meticulously screened over 1,000 startups globally, narrowing down to 97 that fulfilled their strict criteria. This list was further refined to 49 after an in-depth data analysis for presentation to the investment committee. Of these, DiaMonTech stood out as the sole recipient of overwhelming support, not only from the fund’s executives but also from medical experts at the Samitivej Hospital Group and an advisory board comprising medical and engineering experts from Mahidol University.

    “The main reason for investing in DiaMonTech lies in its sophisticated and hard-to-replicate technology, developed from over a decade of research by a professor at Goethe University. A review of the global glucose meter market reveals numerous attempts by companies to invent non-invasive methods for measuring glucose levels. However, the primary challenge has been achieving accuracy comparable to traditional blood-drawing methods. DiaMonTech’s technique stands out as it is based on a prospective study, with results published in prestigious academic journals. This rigorous scientific backing gives us confidence that supporting DiaMonTech will not only positively impact public healthcare but also represents an investment with substantial growth potential,” explained Ms. Naranpat.

    Thorsten Lubinski, Co-Founder and CEO of DiaMonTech, said that their non-invasive blood glucose meter or D-pocket is currently awaiting FDA approval before its market launch. Receiving investment and forming a partnership with the Disrupt Health Impact Fund comes at an opportune time for DiaMonTech. This support will enable expansion and connection to meaningful opportunities that positively impact people living with diabetes and those monitoring their blood sugar for preventive healthcare throughout Southeast Asia, including Thailand. He emphasized that the fund’s contribution extends beyond financial investment; it encompasses access to a robust network of healthcare experts from both the public and private sectors across the region, as well as the Disrupt ecosystem platform, which will expedite DiaMonTech’s ability to reach more people more quickly.

    Disrupt Health Impact Fund initially aims to invest approximately 17 to 50 million baht per company. Over the next 3-5 years, it plans to support 15 Healthcare DeepTech companies both in Thailand and internationally. The investment focuses on five key areas: Self Care, Preventive Care, Silver Age, Holistic Wellness, and Smart Hospital.

    The fund targets world-class innovations that are either commercialized or in human trials, seeking certification from the Food and Drug Administration (FDA). The number of investors has now increased to seven, with three new individual investors who are passionate about the Health & Wellness sector and eager to expand business opportunities and enhance direct investment in promising companies. The fund remains open to new partners interested in co-investing and continues to scout for potential Healthcare DeepTech investments.

    Betagro launches first feed mill in Lao PDR with 650 million THB investment

    Thai Union unveils Strategy 2030 to achieve US$7billion revenue

    The post Disrupt closes first deal, Investing in DiaMonTech, a deeptech startup appeared first on The Story Thailand.

    12 November 2024
    Photo Story
    https://www.thestorythailand.com/?p=141562
  • Betagro launches first feed mill in Lao PDR with 650 million THB investment

    Betagro Public Company Limitedhas inaugurated its first feed mill in Lao PDR, representing a strategic investment of over 650 million THB.

    The post Betagro launches first feed mill in Lao PDR with 650 million THB investment appeared first on The Story Thailand.

    Betagro Public Company Limitedhas inaugurated its first feed mill in Lao PDR, representing a strategic investment of over 650 million THB. This state-of-the-art facility integrates advanced technology in feed production and resource management, with an annual capacity of 108,000 tons. Designed to meet the growing demand, improve cost efficiency, and reduce reliance on imported feed from Thailand, the plant underscores Betagro’s commitment to improving quality of life through better food and fostering sustainable economic growth in Lao PDR.

    Worrawut Vanitkulbodee, Chief Operating Officer of International Business at Betagro PCL, emphasized that Betagro—a leading international agribusiness and food company supplying both domestic markets and over 30 export countries worldwide—has been expanding its footprint across neighboring countries, including Myanmar, Lao PDR, and Cambodia. The company’s International Business focuses on increasing production capacity through cutting-edge technology to elevate efficiency, enhance product quality, and optimize cost management.

    With a significant investment of 650 million THB, Betagro’s first feed mill in Lao PDR has been equipped with industry-leading technology and innovations. The facility’s official inauguration was honored by the presence of His Excellency Sypaphay Xaisongkham, Permanent Secretary of the Ministry of Agriculture and Forestry Lao People’s Democratic Republic.

    The new feed mill in Lao PDR produces high-quality feed for pigs and poultry and incorporates state-of-the-art management systems, including:  

    1. SCADA (Supervisory Control and Data Acquisition) and SAP (Systems, Applications, and Products) for precision management of raw materials and production processes.
    2. A plant management system featuring a smart dashboard for real-time monitoring and reporting.
    3. The Smart Premix system for feed and premix manufacturing.
    4. A smart bagging system.
    5. The Laboratory Information Management System (LIMS) for rigorous quality control of raw materials.
    6. A Jet Filter System to mitigate dust and odor, minimizing environmental impact on surrounding communities.

    The investment in this facility aims to enhance production efficiency with stringent quality and safety standards. It also promotes the use of local raw materials, contributing to economic growth in Lao PDR and strengthening the country’s competitive position.

    Betagro’s feed mill in Lao PDR currently operates at 70% capacity, with plans to reach full capacity—an annual output of 108,000 tons—by 2025. Production is set to increase further, reaching 144,000 tons annually by 2027, to meet rising demand for livestock and feed in Lao PDR and support exports to Betagro’s farm networks in Thailand’s mid-northeastern region.

    “We believe this facility will significantly strengthen Laos’ food supply chain, addressing economic, social, and environmental goals through the highest standards of quality, safety, and sustainable production practices. Additionally, it will create more job opportunities for the local workforce, improve access to high-quality food for Lao people. This project contributes to advancing Laos’ agriculture and food industry to meet international standards, ensuring food safety for consumers and positioning Lao PDR as a future production base for exports,” said Worrawut.

    SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox

    Thai Union unveils Strategy 2030 to achieve US$7billion revenue

    The post Betagro launches first feed mill in Lao PDR with 650 million THB investment appeared first on The Story Thailand.

    12 November 2024
    Business
    https://www.thestorythailand.com/?p=141523
  • Alibaba unviles AI model “Baguan” for weather forecasting

    Alibaba DAMO Academy, announced the official launch of “Baguan” weather forecasting model.

    The post Alibaba unviles AI model “Baguan” for weather forecasting appeared first on The Story Thailand.

    Alibaba DAMO Academy, announced the official launch of “Baguan” weather forecasting model. Named after the Chinese concept of “observing from different perspectives,” Baguan harnesses cutting-edge AI to revolutionize weather prediction capabilities.

    Baguan offers unprecedented accuracy in weather forecasts, ranging from one hour to ten days ahead. The machine-learning model stands out with its high spatial resolution, delivering detailed meteorological predictions down to a 1 x 1 kilometer grid, updated hourly. These capabilities make Baguan an essential tool for applications in climate science, electricity load forecast, renewable energy forecast and natural disaster prevention.

    “Baguan represents a significant advancement in our dedication to harnessing technology for the greater good,” said Wotao Yin,Director of Decision Intelligence Lab at Alibaba DAMO Academy. “Its sophisticated technology not only helps elevate climate science but also benefits sustainable practices across diverse sectors such as renewable energy and agriculture.”

    The technical backbone of Baguan is its innovative use of the Siamese Masked Autoencoders (SiamMAE) structure and a robust pre-training methodology. These innovations empower the model to uncover intricate patterns gleaned from complex dynamic atmospheric data. Furthermore, through an autoregressive pre-training approach, Baguan is able to make precise predictions across various spatio-temporal scales, from one hour to 10 days in advance.

    Baguan leverages ERA5, the European Centre for Medium-Range Weather Forecasts (ECMWF) atmospheric reanalysis of the global weather from 1979 to present, to construct the foundational model for weather forecasting. Baguan is further refined with key regional meteorological indicators such as regional temperature, irradiance, and wind speed. This meticulous global-regional modeling approach not only boosts Baguan’s forecasting accuracy down to regional level but also tailors its insights to specific local conditions.

    With the surging global demand for renewable energy, Baguan’s precise weather predictions have become vitally important. The model significantly enhances the reliability of renewable energy forecasts, facilitating more stable power management and supporting the expansion of green energy consumption.

    Baguan’s capability in weather forecasting has already been used in the power and energy sectors in China, supporting critical applications such as electricity load forecasting and renewable energy forecasting.

    For example, during an unexpected temperature drop in Shandong province in August, Baguan accurately predicted a corresponding 20% drop in electricity demand one day ahead, reaching a 98.1% accuracy rate in day-ahead load forecast. This precision assisted local grid operators to optimize power dispatch, enhancing efficiency and reducing operational costs.

    “We have years of research experience in mathematical modeling, time-series forecasting, and explainable AI, which helps us in building a high-precision regional weather forecast model,” said Yin. “We will continue to enhance performance for key weather indicators such as cloud cover, extreme wind speed and precipitation, develop new technology for different climate scenario analysis, and support more applications such as civil aviation meteorological warnings, agricultural production, and sporting events preparations.”

    UOB and GoWabi co-host a seminar to support beauty & wellness businesses

    Translucia with Well-Link develops AI Personalization technology

    The post Alibaba unviles AI model “Baguan” for weather forecasting appeared first on The Story Thailand.

    12 November 2024
    Technology
    https://www.thestorythailand.com/?p=141518
  • SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox

    SCB 10X, in collaboration with SCB, InnovestX , Fireblocks, Elliptic, Circle and Base, announces the launch of Rubie Wallet, a digital wallet application

    The post SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox appeared first on The Story Thailand.

    SCB 10X, in collaboration with SCB, InnovestX , Fireblocks, Elliptic, Circle and Base, announces the launch of Rubie Wallet, a digital wallet application designed to facilitate a seamless closed-loop QR payments experience using regulated USD-pegged stablecoin (Regulated USD Stablecoin) and THBX (Thai Baht Stablecoin) for foreign visitors attending Devcon 2024 in Bangkok during November 5 to 25, 2024. Foreign visitors will be able to use the Rubie Wallet to convert regulated USD Stablecoin into THBX in real-time, offering a faster, cost-effective alternative to traditional currency exchanges. Rubie Waller is developed and operated under the regulatory sandbox’s framework and conditions prescribed by the Bank of Thailand and the Securities and Exchange Commission.

    The Rubie Wallet showcases Purpose-Bound Money’s (PBM) practical applications, simplifying the payment process for international attendees. Purpose-Bound Money with THBX, Thailand’s first programmable stablecoin, addresses challenges such as inconvenience from carrying cash and changes, long queues at FX kiosks, and transaction fees from FX risks when using credit cards, by enabling seamless payments through regulated USD Stablecoin-to-THBX conversions and secure mobile closed-loop QR payment transactions. Under the regulatory sandbox’s framework of the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC), the Rubie Wallet aspired to offer a secure, efficient payment solution.

    The PBM initiative will run from November 5 to 25, 2024, with key activations taking place during Devcon and related side events. Rubie Wallet’s application is available for installation at https://rubie.io/ from November 5, and users must complete Know Your Customer (KYC) verification to ensure security and compliance. Once the onboarding process is completed, users can convert regulated USD Stablecoin into THBX and make instant mobile payments via closed-loop QR codes across approximate of 100 participating merchants.

    SCB 10X’s Rubie Wallet’s ‘Scan-to-Pay’ system in collaboration with SCB, the leading Thai commercial bank, offers closed-loop QR codes payment for users, accelerating the adoption of digital payments in Thailand. The application is designed specifically for Thai Baht Stablecoin transactions. This marks the first live demonstration of Purpose-Bound Money using THBX via Rubie Wallet, with lower-fee transactions on the Base chain.

    Rubie Wallet is powered through Fireblocks’ wallets-as-a-service infrastructure, with Elliptic providing blockchain analytics to monitor transactions for transparency. Using regulated USD Stablecoin and Base, layer 2 blockchain, Rubie Wallet app integrated with InnovestX, the digital asset brokerage arm of SCBX Group, to enable US-dollar pegged Stablecoin-to-THBX conversions seamlessly.

    “At SCB 10X, we believe that participating in BOT & SEC regulatory sandbox will be a significant move for financial innovation to global financial inclusion as well as the Thai digital asset ecosystem,” said Mukaya Tai Panich, CEO and CIO of SCB 10X. “THBX is designed to provide international visitors with a seamless payment experience, and we are proud to be at the forefront of this transformation in Thailand’s digital economy.”

    “We are thrilled to collaborate with industry leaders like Fireblocks, Circle, and Base to bring the Rubie Wallet app to life. By integrating with Elliptic’s pioneering blockchain analytics, we are able to deliver a solution that balances innovation with integrity,” said Yvonne Ng, Regional Director, APAC of Elliptic. “Elliptic’s proven capabilities in detecting illicit activities ensure our users experience the highest standards of security and transparency. This partnership underscores our commitment to leading the charge in seamless and secure digital transactions, setting a new benchmark in the digital asset landscape.”

    “At Fireblocks, we are committed to providing secure and scalable infrastructure for using of digital asset, and our collaboration with SCB 10X on the Rubie Wallet is a testament to that mission,” said Michael Shaulov, Co-founder and CEO of Fireblocks. “By leveraging our wallets-as-a-service technology, we’re ensuring that every transaction made with THBX is safeguarded, driving the next wave of innovation in programmable stablecoins.”

    CPN invests 2 billion baht to transform the community mall landscape around Bangkok

    Thai Union unveils Strategy 2030 to achieve US$7billion revenue

    The post SCB 10X unveils Purpose-Bound Money Initiative under BOT and SEC’s Regulatory Sandbox appeared first on The Story Thailand.

    11 November 2024
    Business
    https://www.thestorythailand.com/?p=141520
  • Thai Union unveils Strategy 2030 to achieve US$7billion revenue

    Thai Union Group PCL, announced Strategy 2030, its ambitious roadmap to achieve significant growth.

    The post Thai Union unveils Strategy 2030 to achieve US$7billion revenue appeared first on The Story Thailand.

    Thai Union Group PCL, announced Strategy 2030, its ambitious roadmap to achieve significant growth. This includes boosting net sales growth to US$7.0 billion by 2030 from US$3.9 billion in 2024. Strategy 2030 is pivotal to the Company’s vision of becoming the world’s leading marine health and nutrition company.

    “The world today faces unprecedented shifts, from geopolitical pressures and rising inflation to rapidly evolving consumer demands. In the face of these challenges, Thai Union is seizing the opportunity to turn the tides and achieve greater success. With a bold vision to become the world’s leading marine health and nutrition company grounded by our purpose of Healthy Living, Healthy Oceans, we’re setting our sights on achieving US$7.0 billion revenue and doubling EBITDA by 2030,” said Thiraphong Chansiri, President and Chief Executive Officer at Thai Union Group.

    The 3 Pillars to the world’s leading marine health

    Thai Union’s Strategy 2030 is built on three strategic pillars, targeting focused business categories to drive growth in revenue, gross margins, and EBITDA. These pillars – leveraging both organic and non-organic growth to deliver sustained, long-term growth – are:

    1. Revitalizing the core: Focuses on primary business categories such as branded ambient, chilled and feed, to continue to generate the cash flow needed for Thai Union to expand into new growth areas.
    2. Driving the next wave of growth: Focuses on faster growing business categories such as pet care, frozen, culinary, and ingredients that Thai Union believes will continue to drive profitable growth through 2030 and beyond.
    3. Exploring new frontiers: Focuses on exploring new ideas and technologies such as aquaculture ecosystems and alternative proteins, to fuel Thai Union’s growth in the future.
      “Strategy 2030 is more than just a roadmap. It’s our catalyst for sustained, long-term growth. Built on three strategic pillars, Strategy 2030 sets forth ambitious goals for Thai Union to achieve over the next six years, leveraging both organic and inorganic growth opportunities. For our strategy to generate true value, we have identified critical enablers we must execute in order to lay strong foundations for continued success. Equally crucial are the two transformation programs we are announcing today, which outline clear plans to support Strategy 2030 and turn our ambitions into reality,” said Paul Herholz, Chief Strategy & Transformation Officer at Thai Union Group.
    Paul Herholz, Chief Strategy & Transformation Officer at Thai Union Group

    To achieve Strategy 2030, Thai Union has outlined six critical enablers, which include aligning the organization and driving talent initiatives, driving cost focus, optimizing the manufacturing network and driving strategic procurement, stepping up on digital capabilities, leveraging innovation, and commercializing sustainability.

    Two key transformation initiatives sit under the Strategy 2030 umbrella: Project Sonar and Project Tailwind, which will work in tandem to support the broader goals of Strategy 2030, ensuring that all efforts contribute to a cohesive and unified plan for the future.

    Project Sonar is a Group transformation program which provides a solid foundation for long-term growth by addressing the critical enablers for Strategy 2030, while Project Tailwind focuses on accelerating growth in the PetCare category.

    With Project Sonar, Thai Union targets to achieve approximately US$75 million in annual savings from 2026 onwards, approximately 40 percent of which will be reinvested to further strengthen and grow the business. Project Sonar will aim to create a robust operating model aligned with Strategy 2030, building new capabilities in procurement and operations for optimum efficiency and scale, as well as stepping up digital capabilities to further support business growth and gear up for a full digital transformation.

    A category-specific transformation plan in the fast-growing PetCare category, Project Tailwind aims to achieve an uplift of approximately US$50 million in annualized operating profit (OP) for the PetCare business from 2027 onwards. This will be achieved by establishing insights-driven commercial practices, while building capabilities and boosting productivity in procurement and manufacturing. While Project Tailwind will focus on driving accelerated organic growth, i-Tail Corporation will aim for further growth through mergers and acquisitions, with a goal of tripling revenue to US$1.5 billion by 2030.

    Thai Union already initiated steady progress to deliver on Strategy 2030 and achieve its targets. Both transformation projects are already launched, marked by key initiatives such as a newly established Innovation Hub in the Netherlands, increased marketing investments to boost the continued leadership of the Group’s market-leading ambient brands globally, an optimization of manufacturing operations, and expansion of the Group’s digital team and capabilities globally.

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    The post Thai Union unveils Strategy 2030 to achieve US$7billion revenue appeared first on The Story Thailand.

    11 November 2024
    Business
    https://www.thestorythailand.com/?p=141383
  • CPN invests 2 billion baht to transform the community mall landscape around Bangkok

    Central Pattana is continuing its business development and has unveiled a major rebranding strategy to modernize the community mall

    The post CPN invests 2 billion baht to transform the community mall landscape around Bangkok appeared first on The Story Thailand.

    Central Pattana is continuing its business development and has unveiled a major rebranding strategy to modernize the community mall landscape around Bangkok and create a strong brand: ‘Market Place,’ aimed at targeting growing urban areas, supporting high purchasing power, and better meeting customer needs. Central Pattana is investing 2 billion baht in 5 years the renovation and development of 15 projects in high-potential locations, including Market Place J Avenue, Market Place La Villa, Market Place Nanglinchee, Market Place Phahonyothin, Market Place Krungthep Kreetha, Market Place Pracha Uthit, and Market Place Kaset-Nawamin, etc. The company is also preparing to launch a new project, ‘Market Place Theprak,’ featuring a ‘community mall and urban fresh market’ model in the heart of the Theprak-Watcharapol, set to open in January 2025 in time for the grand Chinese New Year celebration.”

    Wuttikiat Techamongklapiwat, Chief Operating Officer & Head of Community Mall Business, Central Pattana plc, stated: “The community mall is of the key businesses that synergizes with our ecosystem and strengthens Central Pattana. With expertise in space development, we consistently deliver experiences that meet customer needs through our shopping centres in each area. The community mall segment allows us to better fulfill fragmented demand more precisely, offering a modern, vibrant atmosphere with refreshed shops and services.

    We plan to invest 2 billion baht in 5 years to enhance and develop a total of 15 projects in our portfolio. In 2025, we also plan to launch a new project, ‘Market Place Theprak,’ along with renovations of five other projects. In the following years, we will continue our expansion at least one new project annually.”

    Last year, we launched ‘Marche Thonglor’, the first project under our new concept located in a mixed-use project, which received great feedback. This year, we will implement major rebranding by focusing on developing ‘Market Place’ as a core brand and ensure the more modern mood and tone of the brand by combining the theme of community mall and urban fresh market together to offer more convenience and a wider range of products and services. This will ensure that Market Place is the place for everyone in the family where they can enjoy all day, every day.”

    Surang Jirattigalachote, Executive Project Director, Central Pattana plc, said: “Market Place Theprak is the largest and latest community mall project and will become the center of Theprak neighbourhood.

    • Right Location – the project is situated in a perfect location on Theprak Road, which is a point where a lot of people must pass through when driving home from the city. 
    • Convenient transportation – only five-minute drive from Phahonyothin Road by private vehicle and only 10-15 minute drive from Vibhavadi Road when using the Chalong Rat Expressway or Watcharapol Road. Alternatively, using the BTS Skytrain (Green Line) from Sai Yud Station to Market Place Theprak, takes only seven minutes.
    • Fast-growing residential area – we see business opportunities and demand from people in the area from various housing estates. Currently, there are more than 174,000 residential units with an increase rate of 2.4% per year and a population of almost 400,000 people. The target groups are families, and customers with lifestyles that favor convenience.
    • New design of low-rise building in a cool and pleasant tropical-style atmosphere, along with space for everyone in the family, a ‘Pet Friendly’ zone and convenient parking space for more than 200 vehicles.
    • The most complete and best community mall in Theprak – the project consists of a 5,800 m2 community mall, with 60 shops and an urban fresh market area of ​​1,500 m2, with 300 shops.
    • Food Destination – discover a variety of restaurants such as trendy restaurants, family restaurants, chill-out venues and popular street food shops.
    • Urban Fresh Market – enjoy shopping for fresh produce, seafood, organic food and fine ingredients from around the world at a wide range of shops, along with various type of ready meal, grab & go and take home.
    • Family & co-creation space – space for relaxing and activities for everyone in the family, children’s playground and pet-friendly space.
    • Health & Beauty – shops and services
    • Space for events such as Tourism Events, Food Fairs, and Health Fairs, etc.
    • Brings together a complete range of brands and stores, including Tops Supermarket, popular restaurants and street food vendors such as Rad Na Yod Pak (fried noodles in thick gravy sauce) from the popular branch of Tiger God Shrine, Cook Kee Mao from Banthat Thong Road, Seng Sim Yi, JehJong Moo Tod (fried pork), Tiger Burns Fire Tepanyaki, Shanghai (steamed buns and Hainanese chicken rice), Pak Ban Tai organic vegetables, Rad Na Hia Uan Yaowarat, Pad Thai Rod Cha and Kongsi Tea Bar, Chaolay Seafood etc. and AUTO 1 car service, as well as PETClub, premium products for your pets and more.
    • ‘Market Place Theprak’ will celebrate the Grand Opening of in January 2025, with many special highlights – the opening day will bring happiness and fun to the community welcoming the Chinese New Year. It will be a perfect destination for shopping, eating and spending during this prosperous festival.

    Moves forward with the strategy of ‘Life Connecting Hub’ to shape a new community mall landscape:

    1. Future-Fluent Development: Developing community spaces that are flexible and fulfil the future needs of people of all ages to serve as the center of the neighborhood,following the principle of Central Pattana’s ‘Centre of Life’ goal; this new model integrates the community mall with an urban fresh market.
    2. Neighbourhood-Centric: understand and fully the fragmented demand of each neighborhood.
      • The project development focuses on convenience, with flexible hours that meet the everyday lifestyle of both Thai and international customers. There are all types of shops and restaurants, such as Dine-in, Grab & Go, Take Home, and places to hang out and socialize after work.
      • Creating a new model by integrating an urban fresh market—a modern, high-quality, and hygienic market—with the community mall to demonstrate that this approach effectively fulfills consumer needs
      • Event spaces that engage with the community such as outdoor/weekend markets for community shops and space for happenings and events.
    3. Sustainable Community: promoting the quality of life of people in the area and caring for the environment in line with Central Pattana’s goal of achieving Net Zero 2050.
      • Green Community Mall Development focusing on the use of green materials and energy-saving technology such as the implementation of solar cells and LED bulbs.
      • Promoting Sustainable Lifestyle – encouraging customers in waste separation by joining hands with various agencies, the BMA and stores in food-waste management and the installation of EV charging stations, etc.

    Central Pattana plc is moving forward with its vision of ‘Imagining better futures for all’ by creating and developing spaces to improve the quality of life for people and communities as well as the environment while ensuring that the ‘The Ecosystem for All’ strategy is implemented for the strength and sustainability of all parties growing together as well as becoming a major force to push forward the growth of the economy and the country. As of 2024, Central Pattana operates a total of 42 shopping centres, 15 community malls, 43 residential projects, 10 hotels, and 10 office buildings.

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    The post CPN invests 2 billion baht to transform the community mall landscape around Bangkok appeared first on The Story Thailand.

    7 November 2024
    Business
    https://www.thestorythailand.com/?p=141179
  • UOB and GoWabi co-host a seminar to support beauty & wellness businesses

    UOB Thailand, in collaboration with GoWabi, the online platform for beauty and wellness deals, has organized the "Passion to Success" seminar

    The post UOB and GoWabi co-host a seminar to support beauty & wellness businesses appeared first on The Story Thailand.

    UOB Thailand, in collaboration with GoWabi, the online platform for beauty and wellness deals, has organized the “Passion to Success” seminar for beauty and wellness SMEs. Held at the UOB Plaza headquarters, this event aimed to facilitate knowledge sharing and present financial solutions for businesses looking to enhance their competitive edge.

    Sayumrat Maranate, Head of Business Banking, UOB Thailand, said that “One of the bank’s core missions is to connect businesses for sustainable growth through a network of partners and tailored financial solutions. We recognise the significant potential within the beauty and wellness sector, which is projected to grow by 10-20 per cent annually. This industry is a cornerstone for Thailand’s economy, particularly renowned for its exceptional services. This seminar is designed to foster a network among beauty and wellness SMEs, enabling them to benefit from knowledge exchange and drive their growth.”

    The event attracted over 150 business owners and featured a guest appearance by Wipawee Wongsirisak, Chief Commercial Officer and Co-Founder of GoWabi, who shared insights on emerging trends in the beauty industry, strategies for attracting customers and tips for boosting sales, as well as effective store management techniques for gaining a competitive advantage. Additionally, Tanya Phathanathong, Head of Growth, ADA Digital (Thailand), provided valuable insights on enhancing service businesses through customer insight analysis and developing online marketing strategies to engage diverse customer segments. Pramote Dechaboonsiripanich, Managing Director of PAÑPURI, a famous Thai niche fragrance and wellness lifestyle brand with international reach, also shared strategies for brand creation and product development that create consumers’ appeal and market competitiveness in the luxury wellness segment.

    SME entrepreneurs attending the event can take advantage of special benefits, including the installation of GHL’s EDC terminal to accept multiple payment method from their customers including credit card, QR Payment, and e-wallet at special transaction fee, as well as the opportunity to open a UOB BizSuper account with special interest rates during sign-up period.

    Moreover, the seminar highlighted comprehensive digital solutions available through the UOB BizSmart, which enhances operational efficiency, improves service delivery, and promotes sustainable business growth. Notable example includes ChocoCRM’s membership management system, featuring customer relationship management (CRM), point of sale (POS) systems, and customer data collection and analysis (CDP), alongside HumanOS for human resource management.

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    The post UOB and GoWabi co-host a seminar to support beauty & wellness businesses appeared first on The Story Thailand.

    7 November 2024
    The Movement
    https://www.thestorythailand.com/?p=141177
  • Cisco unveils Plug-and-Play AI solutions, accelerating AI adoption for the enterprise

    Cisco announced new additions to its data center infrastructure portfolio: an AI server family purpose-built for GPU-intensive AI workloads

    The post Cisco unveils Plug-and-Play AI solutions, accelerating AI adoption for the enterprise appeared first on The Story Thailand.

    Cisco announced new additions to its data center infrastructure portfolio: an AI server family purpose-built for GPU-intensive AI workloads with NVIDIA accelerated computing, and AI PODs to simplify and de-risk AI infrastructure investment. They give organizations an adaptable and scalable path to AI, supported by Cisco’s industry-leading networking capabilities.

    “Enterprise customers are under pressure to deploy AI workloads, especially as we move toward agentic workflows and AI begins solving problems on its own,” said Jeetu Patel, Chief Product Officer, Cisco. “Cisco innovations like AI PODs and the GPU server strengthen the security, compliance, and processing power of those workloads as customers navigate their AI journeys from inferencing to training.”

    The exponential growth of AI is transforming data center requirements, driving demand for scalable, sustainable, programmable and secure networks. According to McKinsey, generative AI will add $2.6T to $4.4T per year to global economic output with enterprises at the forefront of value creation. But according to the Cisco AI Readiness Index, 89% of IT professionals plan to deploy AI workloads within the next two years but only 14% of organizations report their infrastructure is ready for AI today.  

    Cisco Breaks Down Barriers to AI Adoption

    Cisco’s new solutions provide customers with the infrastructure pieces they need to accelerate their AI adoption, no matter their current starting point. These innovations extend customers’ existing infrastructure, enabling customers to grow and innovate without adding complexity. The new solutions are managed by Cisco Intersight, which enables centralized control and automation, simplifying everything from configuration to day-to-day operations. New solutions introduced today include:  

    • Accelerated Compute for the AI Era: Cisco is adding to its UCS AI compute portfolio with the new UCS C885A M8servers purpose-built for GPU-intensive AI workloads. These high-density servers can tackle the most demanding AI training and inference workloads by harnessing the power of the NVIDIA HGX supercomputing platform with NVIDIA H100 and H200 Tensor Core GPUs. Each server includes NVIDIA NICs or SuperNICs to accelerate AI networking performance, as well as NVIDIA BlueField-3 DPUs to accelerate GPU access to data and enable robust, zero-trust security. This is Cisco’s first entry into its dedicated AI server portfolio and its first eight-way accelerated computing system built on the NVIDIA HGX platform.
    • Plug-and-Play AI Infrastructure: Cisco is introducing AI PODs, infrastructure stacks tailored for specific AI use cases and industries. Combining compute, networking, storage, and cloud management, these stacks enable greater scalability and efficiency. Built on the foundation of Cisco Validated Designs (CVDs), the PODs provide customers with an established starting point, easily adaptable to meet their specific needs. The pre-sized and configured bundles of infrastructure eliminate the guesswork from deploying AI inference solutions – from edge inferencing to large-scale clusters with NVIDIA accelerated computing. These solutions include NVIDIA AI Enterprise, an end-to-end, cloud-native software platform that accelerates data science pipelines and streamlines AI development and deployment. This means faster time to value, consistent performance and reduced risk for AI projects.

    These new solutions join Cisco’s already extensive portfolio of AI and data center infrastructure, including Cisco’s recently introduced 800G Nexus switching platforms powered by the Cisco Silicon One G200 chip, and the recently announced Cisco Nexus HyperFabric AI solution with NVIDIA.

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    The post Cisco unveils Plug-and-Play AI solutions, accelerating AI adoption for the enterprise appeared first on The Story Thailand.

    7 November 2024
    Technology
    https://www.thestorythailand.com/?p=141145
  • Devcon SEA 2024, Ethereum’s premier event lands in Bangkok

    Bangkok is gearing up to welcome the world's blockchain community as it hosts Devcon SEA 2024, the premier Ethereum event.

    The post Devcon SEA 2024, Ethereum’s premier event lands in Bangkok appeared first on The Story Thailand.

    Bangkok is gearing up to welcome the world’s blockchain community as it hosts Devcon SEA 2024, the premier Ethereum event, at the Queen Sirikit National Convention Center (QSNCC) from November 12-15. This landmark event marks a significant step in solidifying Southeast Asia’s position as a leading hub for blockchain technology and innovation.

    Ethereum, the leading programmable blockchain, has pioneered transformative applications that are redefining industries and promoting inclusivity worldwide. Devcon SEA will showcase Ethereum’s latest advancements, emphasizing its ability to drive transparency, security, and efficiency in various sectors through decentralized applications and smart contracts. This event reinforces Ethereum’s position as a driver of global change with the potential to reshape industries and support a more equitable world.

    With over 12,000 participants expected from across the globe, Devcon SEA 2024 promises to be a melting pot of ideas, collaboration, and knowledge sharing. The event will feature influential speakers, including Ethereum co-founder Vitalik Buterin, Ethereum Foundation Executive Director Aya Miyaguchi, and other prominent figures in the blockchain space such as Matthew Tan of Etherscan, TN Lee of Pendle, and Loi Luu of Kyber Network.

    Skylar Weaver, the Devcon Lead at Ethereum Foundation said “We see tremendous potential in Thailand and Southeast Asia, with a large user base and skilled developer community. Hosting Devcon SEA in Bangkok will create an unparalleled opportunity for local developers and entrepreneurs to connect with the international Ethereum community.”

    Attendees can expect a dynamic program featuring six main stages, specialized workshops, and community hubs designed to foster discussions on a wide range of topics, from decentralized governance and science to the latest advancements in Layer 2 networks.

    Surapol Utintu, Chief Executive Officer of QSNCC, stated, “Hosting Devcon 7 reinforces Thailand’s leading role in regional blockchain innovation while showcasing QSNCC’s capability to host world-class events.”

    Devcon SEA 2024 will not only showcase cutting-edge blockchain technology but also highlight Ethereum’s role in driving positive social and economic change. By fostering collaboration and impactful connections, the event aims to empower the region’s developer and entrepreneur community, leading to the creation of innovative solutions with global implications.

    The event will be preceded by EthSEA Day on November 11, a community-led event offering workshops, talks, and panels, further strengthening local and international ties within the Southeast Asian blockchain ecosystem.

    Devcon SEA 2024 is poised to be a pivotal moment in the global blockchain landscape, with Southeast Asia taking center stage.

    For more information and registration details, visit Devcon.org.

    The post Devcon SEA 2024, Ethereum’s premier event lands in Bangkok appeared first on The Story Thailand.

    6 November 2024
    Business
    https://www.thestorythailand.com/?p=141046
  • KBTG Kampus ignites Thailand’s tech future with new Master’s Programs

    KBTG Kampus launches joint Master's Programs with top universities to launch the new graduate programs.

    The post KBTG Kampus ignites Thailand’s tech future with new Master’s Programs appeared first on The Story Thailand.

    KBTG Kampus launches joint Master’s Programs with top universities including King Mongkut’s Institute of Technology Ladkrabang (KMITL), Mahidol University (MU), and Thammasat University (TU) – to launch the new graduate programs.

    This program aims to elevate Thailand’s technology education and cultivate a new generation of tech talent by providing in-depth research and study opportunities focused on real-world industry challenges. This collaboration will strengthen KBTG’s position at the forefront of technological advancement and reaffirm its status as a leading technology organization in Thailand.

    Ruangroj Poonpol, Group Chairman of KBTG, explained that the KBTG Kampus project was launched in 2022 to address challenges in Thailand’s technology education. To bridge the gap between academic learning and real-world industry needs, KBTG partnered with KMITL as a pilot institution. This collaboration focused on developing undergraduate programs to establish a strong foundation for technology education in the country.

    Recently, KBTG Kampus expanded its initiative by launching new master’s programs in collaboration with three leading Thai universities. These programs, co-developed with KBTG, integrate real-world research to ensure practical applications for current and future industry needs. They focus on key subjects driving technological advancement, such as data analytics, artificial intelligence, and cybersecurity.

    This collaboration has resulted in the creation of three innovative master’s programs:

    • A Master of Science in Artificial Intelligence for Business Analytics offered by the School of Information Technology at King Mongkut’s Institute of Technology Ladkrabang.
    • A Master of Science in Cyber Security and Information Assurance (International Program) offered by the Faculty of Information and Communication Technology at Mahidol University.
    • A Master of Arts and Science Program in Interdisciplinary Studies offered by the College of Interdisciplinary Studies at Thammasat University.

    In addition to co-developing the curriculum, KBTG will play an active role in selecting students for the program and mentoring them throughout their academic journey. This comprehensive approach aims to bolster Thailand’s technology education and IT industry by nurturing a new generation of skilled tech professionals. This initiative further solidifies KBTG’s position as a leading technology organization in Thailand. The announcement was marked by a formal signing ceremony of Memorandums of Understanding (MoUs) with Mahidol University and Thammasat University.

    The KBTG Kampus project currently consists of three main programs included KBTG Kampus ClassNest, KBTG Kampus Apprentice, and KBTG Kampus Co-Research.

    KBTG Kampus ClassNest is a program designed to build a new generation of tech professionals through intensive bootcamp courses. Developed in collaboration with leading universities and taught by expert instructors, these bootcamps equip IT enthusiasts of all ages and backgrounds with the skills needed to thrive in today’s competitive job market.

    KBTG Kampus ClassNest offers a variety of bootcamps, including Java & Go Software Engineering, Cyber Security, Infrastructure, and M.A.D. (Machine Learning, AI, Data). Since its launch in early 2024, the program has attracted over 3,000 applicants and enrolled more than 1,000 participants.

    To make these opportunities more accessible, KBTG provides scholarships to select candidates. Graduates who achieve qualifying scores on post-course assessments can advance directly to final-round interviews with KBTG. Currently, applications are open for Cyber Security ClassNest #2 until November 17, 2024.

    KBTG Kampus Apprentice provides university students with valuable hands-on experience and skill development through real-world projects at KBTG. This program allows third and fourth-year students to work alongside expert professionals during the academic year, gaining approximately 2,000 hours of practical experience.

    Launched in partnership with the School of Information Technology at King Mongkut’s Institute of Technology Ladkrabang, the Apprentice program has now expanded to other faculties and universities. To date, over 50 apprentices across various fields have participated in the program.

    KBTG Kampus has also extended the Apprentice program to the master’s level in collaboration with three universities, offering a pilot program that combines advanced studies with professional experience. This allows graduate students to apply their academic knowledge to real-world projects under the guidance of KBTG experts.

    KBTG Kampus Co-Research expands KBTG’s collaborative efforts with leading universities in Thailand and abroad, as well as government and private sector agencies, to advance technology research and development. This program focuses on creating opportunities to innovate and drive new “S-curve” businesses. It aims to bridge the gap between academic research and real-world applications, transforming deep tech research from universities into impactful products and services for users across the region.

    Universities and educational institutions committed to cultivating tech talent and developing EdTech platforms are invited to collaborate with KBTG. Likewise, organizations passionate about advancing Thailand’s tech industry and co-creating industry-relevant programs are welcome to join KBTG’s efforts to enhance the technology education ecosystem.

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    The post KBTG Kampus ignites Thailand’s tech future with new Master’s Programs appeared first on The Story Thailand.

    6 November 2024
    Technology
    https://www.thestorythailand.com/?p=140985