Wednesday, April 26, 2017
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Late strikes inspire Thailand

Posted by pakin On December - 18 - 2014 ADD COMMENTS

Thailand are on the brink of regaining the Asean title after beating Malaysia 2-0 in the first leg of the AFF Suzuki Cup final last night.

Charyl Chappuis’ penalty kick after 72 minutes and Kroekrit Thaweekarn’s strike four minutes from time finished off the Tigers at a packed Rajamangala National Stadium.

The second leg will take place in Kuala Lumpur on Saturday as Thailand are chasing a record-equalling fourth title in the biennial event.

Thailand coach Kiatisak Senamuang was a player of the three winning sides. He has never lost to Malaysia as a player and a coach.

His men also beat Malaysia 3-2 in Singapore in the group stage of the current campaign.

“Malaysia played very well and their defence was solid in the first half,” said Kiatisak.

“It was an exciting match. I am pleased with the win but our mission is not yet complete. Our aim is to win back the trophy.

“We have a 2-0 lead and the atmosphere at the 80,000-seat stadium in Kuala Lumpur will be a big test for our young players. But the Malaysia team will be under pressure too.”

Malaysia coach Dollah Saleh said: “In the first half we played very well in defence but in the second half, I don’t know what happened and the Thai played very well.

“At home, we will try our best. It is not easy when we are 2-0 down, but anything can happen in football especially when we play at home. I am still believe that we can do better in Kuala Lumpur.”

At Rajamangala, Malaysia gave the War Elephants a scare in the opening minutes, forcing Thailand goalkeeper Kawin Thamsatchanan to make a couple of good saves.

But the Thais soon found their rhythm and began piling the pressure on Malaysia.

Kroekrit, Sarach Yooyen and Chanathip Songkrasin squandered several chances with goalkeeper Mohd Farizal in good form.

After 41 minutes, striker Adisak Kraisorn went clear but his shot was cleared off the line by Malaysia defender Muhammad Zabir Azmi.

Thailand were dominant in the second half and finally got their first goal when they were awarded a penalty after Adisak was tripped in the area.

Thai-Swiss midfielder Chappuis made no mistake from the spot.

Thailand got a two-goal cushion thanks to Kroekrit’s close-range shot in the 86th minute.

Thailand will get one million baht in bonus for last night’s win from the Football Association of Thailand.

The Thais are expected to receive more than 20 million baht in bonus and prize money if they lift the trophy on Saturday.

SET-listed shopping project developer Central Pattana Plc (CPN), a property arm of Central Group, is set to double the number of its domestic malls to around 50 by 2024.

The company seeks to open 20 retail projects from 2018-24 that will require an investment of 15 billion baht a year.

About 10 projects will be in Bangkok and the rest upcountry. Four projects will be developed on big plots of 100 rai or more.

“When the Asean Economic Community [AEC] becomes effective by the end of next year, it will create huge opportunities for us to develop new retail projects. Several provinces will benefit from the AEC,” said CPN president and chief executive Preecha Ekkunagul.

CPN has 25 shopping malls with combined space of 5.5 million square metres across the country.

It will develop six retail projects in Bangkok and upcountry from 2015-17 with total investment of 5.3 billion baht.

CentralWestGate in Nonthaburi is a prototype of a super regional mall with an investment of 14 billion baht for 500,000 sq m.

CentralPlaza Rayong requires an investment of 4 billion baht for 200,000 sq m, while CentralFestival East Ville in eastern Bangkok is an outdoor lifestyle mall worth 6 billion baht for 150,000 sq m.

CentralPlaza Nakhon Si Thammarat is a lifestyle shopping complex with investment of 4 billion baht for 120,000 sq m.

CentralPlaza Nakhon Ratchasima is the first lifestyle shopping mall in the Northeast, with an investment of 9.3 billion baht and 250,000 sq m. Central Phuket will be developed at a cost of 12.7 billion baht for 300,000 sq m.

CPN will spend 2.3 billion baht to renovate CentralPlaza Pinklao and 1.2 billion baht to revamp CentralPlaza Bangna.

The company expects its sales will grow by 15% per year from this year’s expected 25 billion baht to reach 50 billion in 2019.

“We will continue our development domestically because we believe the Thai economy is likely to grow enormously in the future. The government’s massive infrastructure projects will also push Thailand toward the centre of Asean,” Mr Preecha said.

CPN plans to open its first shopping complex in Malaysia in the next few years, while projects in Vietnam and Indonesia are in the pipeline.

All projects in Asean will be joint ventures with local partners.

CPN shares closed yesterday on the Stock Exchange of Thailand at 46.75 baht, down 25 satang, in trade worth 206 million baht.

Trade, investment discussed with Russian PM

Posted by pakin On November - 13 - 2014 ADD COMMENTS

Thailand and Russia on Thursday reaffirmed their commitment to continue mutual cooperation in trade and investment, particularly in the agricultural and logistic sectors.

The agreement was made during a bilateral meeting between Thai Prime Minister Prayut Chanocha and his Russian counterpart Dmitry Medvedev on the sidelines of Asean Summit in Myanmar’s capital of Nay Pi Taw.

The two sides congratulated each other on their longstanding ties ahead of the 120th anniversary of diplomatic relations in 2017. With Thailand remaining a popular destination for Russian travellers, Gen Prayut assured Medvedev that the Kingdom was a safe place to visit and that his government would make every effort to ensure the wellbeing of all visitors.

The Thai premier also thanked Russia for increasing its imports of Thai agricultural products, including fruits, vegetables and canned foods and expressed the hope that bilateral trade would double to about US$10 billion by 2016.

The PM also extended an invitation to Russia to invest in Thailand’s infrastructure development projects.

In return, Medvedev voiced readiness to push trade and investment cooperation between the two countries, saying he would further expand the market for Thai produce within Russia. The Russian premier said he considered Thailand one of Russia’s leading partners in Asean and insisted that bilateral cooperation would be increased in many areas, such as energy, tourism and cultural exchange.

He also invited Gen Prayut to make an official visit to Russia when convenient.

Thai Beverage sets Asean goals

Posted by pakin On November - 3 - 2014 ADD COMMENTS

Group wants to become a total beverage giant within Asean

Thai Beverage has set aside an investment budget of more than Bt30 billion for 2015-20 to boost total revenue by nearly Bt700 billion in 2020.

This is a part of the group’s goal to become a total beverage firm in Asean by 2020. The investment budget does not cover investments for mergers and acquisitions in both domestic and overseas markets, and building brands in the region, group president and CEO Thapana Sirivadhanabhakdi said at a press conference on “ThaiBev Vision 2020”, yesterday.

“We cannot fix the amount for overall investment beyond 2015-20 because that would depend on business opportunities. However, the group has set aside an investment budget for maintenance of our manufacturing plan and also invest in the latest technology for our plants averaging Bt5 billion a year from 2015-20. Whether investments for mergers and acquisitions will exceed this amount would depend on the business deal,” he said.

“Our vision in 2020, not only focuses on the Thai market but we want to be market leader in beverages in Asean by targeting overseas revenue not less than 50 per cent of total revenue in 2020,” he added.

To drive the group’s vision to be a market leader in beverages in Asean, the group has to focus on five business strategies.

The first strategy is drive double-digit growth of 12-15 per cent a year.

ThaiBev reported total revenue of Bt160 billion and net profit of Bt19 billion at the end of 2013, dropping 8.57 per cent and 33 per cent respectively from 2012.

To drive business growth, the second strategy would involve diversifying to cover all categories in the beverage market, especially non-alcohol products that generates total revenue less than 50 per cent of total group revenue.

At present, non-alcohol products generate revenue accounting for about 25 per cent of the group’s total revenue, which includes non-alcohol beverage from Fraser and Neave (F&N).

Thai Beverage recorded total revenue of Bt81.06 billion and net profit of Bt11.41 billion in the first half of the year, up 6.68 per cent and 37.27 per cent respectively from the same period of last year.

Up to 64 per cent of total revenue came from spirits, 21 per cent from beer, and the rest 15 per cent from non-alcohol and food business.

The third strategy is to build global brands, especially in Asean.

“Our target is to have all our products rank among the top three brand leaders in Thailand and Asean,” he said.

They are product brands from Thai Beverage, Serm Suk, Oishi, and F&N, which include spirits, beer, and non-alcoholic products.

At present, Chang beer ranks second in the Thai market. The company wants to make it the market leader in 2020.

The group also plans to take over other beer brands in Asean under its six-year plan beginning 2015, he said.

The fourth strategy is to make products that meet customer demand in all categories. The fifth strategy is to have professional management at all its businesses.