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IT city goes from strength to strength

IT city goes from strength to strength.The information technology sector appears to be weathering the economic storm better than most.
The sun always shines brightly on the IT industry regardless of economic or political conditions, with widespread consumption of IT products ensuring steady growth, says Ekachai Sirijirapatana, president of IT City.

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The information technology sector appears to be weathering the economic storm better than most.

The sun always shines brightly on the IT industry regardless of economic or political conditions, with widespread consumption of IT products ensuring steady growth, says Ekachai Sirijirapatana, president of IT City.

Pantip Plaza Bangkok

With 40 branches in Bangkok and the provinces, the SET-listed chain is well positioned to gauge the direction of the IT retail trade.

First-quarter results underscore the optimism, as the company’s net profits grew to 41.4 million baht from 22.2 million in the same period last year. It even posted year-on-year growth in April, when the political temperature reached boiling point, partly because the same month in the previous year also saw mass rallies and political violence.

Growth should also be positive this month and next with the school holidays ending. However, Mr Ekachai expects results to be less rosy than the performance in the first quarter.

With the large number of red-clad neighbours not too far from the doorstep of its main branch at Pantip Plaza, IT City has been facing some tough challenges over the last few weeks.

“In recent weeks, as political problems rocked the city, it led to sales at Pantip Plaza dropping – but we are still able to grow because we have branches elsewhere,” said Mr Ekachai.

“Right now, if you go shopping anywhere you’ll notice that malls in suburban areas far from the protesters are attracting more people.”

However, the main driver of the industry is technological innovation. This year a big boost to sales has come with Intel’s introduction of a new family of processors that feature integrated graphics capabilities, complementing the advances made by Microsoft’s new Windows 7 operating system for PCs.

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Economics

BoI allows private sector in border logistics center

National News Bureau of Thailand

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NAKHON PHANOM (NNT) – The Thailand Board of Investment (BoI) has agreed to allow the private sector getting involved in the construction of a border logistics and transport center in Nakhon Phanom province.

Transport Minister Saksayam Chidchob said the BoI approved in principle providing incentives to the private sector concerning this center.

The incentives will be offered in relation to an inland container depot project, a distribution center project and a project to construct buildings for industrial plants and warehouses.

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Thailand Post joins Prompt Song app to buy supplies at market for restaurants

National News Bureau of Thailand

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BANGKOK (NNT) – Thailand Post Distribution Co., Ltd. has joined with the Prompt Song application to buy supplies at a market for restaurants via the online system, which is another option for vendors during the COVID-19 situation.

Mr. Pheera Udomkitsakul, Managing Director of Thailand Post Distribution Co., Ltd, said that the delivery service through online ordering is another service operated by Thailand Post via the e-Marketplace Platform in the form of the Prompt Song application.

Thailand Post will pick up products from the manufacturer or distributor and store them at a temperature controlled warehouse. The area is divided by a modern system. The vehicle tracking system is managed using a bar code to ensure that the products are delivered to the service’s users on time. The delivery times ate 3-8 a.m. The service is being piloted in Bangkok and its vicinity.

This will solve a problem for restaurant operators who can’t buy ingredients for cooking or market closures due to the COVID-19 situation as the application allows the vendors to wait in front of the restaurant.

Mr. Pheera said that a good and comprehensive logistics system will play a very important role in helping operators reduce problems and costs, systematization and distribution and reduce the risk of product defects. It saves time in product distribution, resulting in smooth and efficient trading.

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BoI plans more efforts to promote BCG economy

National News Bureau of Thailand

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BANGKOK (NNT) – The Board of Investment (BoI) is working with related agencies to rev up promotion of the bio-, circular and green (BCG) economy to help drive growth over the next 5 years.

BoI Secretary-General Duangjai Asawachintachit said the BoI is looking into more business categories for high technology as part of efforts to promote the BCG economy.

She said the government is focused on developing the bio-economy as Thailand has more than 30 million people working in the farm sector, yet most of them remain in poverty.

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