BBS JULY 18

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BUSINESS SUPPLEMENT SOUTHEAST ASIAN BUSINESS ROUNDUP Singapore Singapore has built a mini town which is being used to deploy driverless public transport. The two-hectare complex, which opened last November, has intersections, traffic lights, bus stops and pedestrian crossings, all built to the specifications that Singapore uses for its public roads. There’s a small hill to check how well vehicle sensors perform when they can’t see directly ahead, mock skyscrapers to mimic the radio interference from tall buildings and a rain machine to simulate the frequent tropical downpours. The advantage for the city-state is that the test circuit, and the information provided by companies vying to put driverless buses on Singapore’s streets, is helping it build an unrivaled database of information on the challenges and solutions that would allow the government to introduce the technology safely. The data being gathered should allow the government to draft regulations for autonomous vehicles by the second half of this year. Indonesia Go-Jek has been offered the equivalent of around US$1 billion of new funding from existing investors eager to accelerate its overseas expansion. Current backers including Tencent Holdings Ltd., China’s biggest internet firm, and Warburg Pincus have informally discussed providing more funding to ensure Go-Jek’s first forays outside its home market are successful. The Jakarta-based startup recently raised funds from investors including Google, Singapore state investment company Temasek Holdings Pte and Chinese online shopping giant JD.com Inc. Go-Jek’s latest funding round brought in about $1.5 billion of new capital and valued the company at roughly $5 billion. Go-Jek said it will invest $500 million to expand its ride-hailing and other services to Vietnam, Thailand, Singapore and the Philippines, taking advantage of Uber Technologies Inc.’s pullout from Southeast Asia. Go-Jek started as an app to book motorbike taxis. It’s since added services that allow users to pay bills, order food and buy movie tickets. Vietnam CyberAgent-backed Jupviec.vn, a Vietnam-based household service startup, has raised an undisclosed investment from San Francisco-based impact investor Patamar Capital. This is the second fundraising of Jupviec.com since it snapped up a six-digit seed funding from Japan’s CyberAgent Ventures in 2015. With the funding the company will expand the model to other provinces, not just Hanoi and Ho Chi Minh City. Founded in late 2012, Jupviec.vn, dubbed the “Uber for maids” in Vietnam, currently serves more than 10,000 customers in Hanoi through its network of around 3,000 housemaids. Myanmar Mytel, Myanmar’s fourth telecom operator, officially launched its services in the country on 9 June and now offers 80 percent of 2G and 4G network coverage in the country. Telecom International Myanmar Company Limited, the company behind Mytel, is a joint venture between Myanmar government-owned Star High Public Co Ltd, the MTNH consortium comprising 11 Myanmar companies, and Vietnamese telecom company Viettel. Viettel, which is backed by Vietnam’s defence ministry, owns a 49 percent stake in the joint venture while the Myanmar consortium holds 23 percent. Star High Public owns the remaining 28 percent. Star High Public is backed by Myanmar Economic Corporation (MEC), a conglomerate operated by the military. High Tower Co., Ltd. Tel: 038 411 009 For all your advertising enquiries - Tel: 0846 77 43 60
BUSINESS SUPPLEMENT Do you provide free WiFi to your guests? Do you need to comply with data collection laws? ROLLS ROYCE AND THAI AIRWAYS AGREE 10-YEAR MAINTENANCE PARTNERSHIP Leading UK jet engine manufacturer, Rolls Royce, and Thai Airways International Plc.have signed a 10-yearmaintenance partnership agreement that is expected to generate up to 1 billion baht of revenue in the first year. The signing took place after a year or more of careful consideration by both parties. Thai Airways International Plc. will make an investment of 500 million baht during the first phase of the partnership (from 20<strong>18</strong> to 2020) mainly for training staff and transferring knowledge for engine maintenance. The center of excellence will be located at Dong Muang airport in Bangkok and will be an expansion of the current maintenance facility at the capital’s second largest airport. Sangsingkeo was quoted as saying, “Through collaborating with Rolls-Royce, THAI will be able to service customers from outside the country.” Over the course of 35 years the company has striven to perfect the technical abilities of its staff as well as invest in new technologies in order to serve an expanding customer base. Thai Airways International Plc. currently has approximately 3,500 aircraft technicians, however an additional 50 to 60 people will likely be required for the Rolls Royce project. Usanee Sangsingkeo was also quoted as saying, “THAI will be able to optimize the use of the center and promote joint business opportunities, generating income Connect2Social provides affordable legally compliant intelligent business software that captures valuable customer data. Guests help promote your business through social media, and the customer data can be used to directly market special promotions, upcoming events and to reward loyalty. Perfect for Hotels, Restaurants, Cafes, Bars, Retail outlets, Salons and Shopping Malls. In fact any business that interacts with customers. You can now enjoy the same data collected by online businesses to help you remain connected to your customers and drive repeat business. For more information, visit our website www.connect2social.com or contact us at sales@connect2social.com Under the new agreement, the company will expand its maintenance prowess to include both Trent 700 and Trent 1000 models in the near future in order to serve growing demand in the Asia Pacific region. By as early as the end of this year or early next, the center is expected to commence servicing Trent 1000 engines. Up to 30 engines will be serviced in the first year rising to 70 or even 80 per year within 3 years. After the first year, revenue under the partnership could climb from 1 billion baht to as much as 4 to 5 billion baht. Currently the maintenance arm of Thai Airways International Plc. generates around 3 billion baht of revenue. Acting president of Thai Airways International Plc., Usanee from customers outside of Thailand and creating returns that benefit the entire company.” The new business venture is exactly what the Government is targeting and along with the Eastern Economic Corridor (EEC) program, there may be an opportunity to open up an additionalmaintenance hub on the Eastern Seaboard. Rolls Royce expects worldwide air traffic to rise by seven per cent during 20<strong>18</strong>, with Asia travel rising significantly faster than the global average at 9.5 per cent. President of civil aerospace for Rolls Royce, Chris Cholerton, was quoted as saying, “Asia-Pacific already has the highest passenger levels in the world, and that’s why we are working together on this opportunity.” one stop service In these competitive times, the company that innovates and nimbly adapts to the changing business landscape, stays ahead of the pack. A balance of cutting edge technology, on trend marketing and classic business expertise will ensure that your company stays out in front. For custom-designed IT, Web & Marketing Solutions that present your best to a wider audience, BitSiren is your partner. No followers here. BitSiren 113/228 Anuphas Golf Ville Moo 7, T. Kathu, A. Kathu, Phuket 83120 Thailand T +66 76 319 179 F +66 76 319 178 contact@bitsiren.com - www.bitsiren.com Email: ben.hightowerltd@gmail.com www.Thailand-Business-Supplement.com
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BBS JULY 18

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