The rise and fall of China’s viral maths ‘prodigy’

Getty Images Rear view of middle school students studying in classroom.Getty Images

A 17-year-old Chinese woman who was hailed as a talent in a mathematics opposition cheated, according to the organizers, putting an end to months of skepticism over her impressive accomplishments.

Jiang Ping, a style design student from a remote Jiangsu state, made headlines in June when she placed 12th in the finals for an international math competition run by Taiwanese e-commerce large Alibaba.

According to Chinese media, she was the first winner to enter since the competition started in 2018 to come from a humble technical school. The vast majority of the 800 contenders came from elite institutions.

Jiang’s benefits turned her into an overnight experience, and she was labelled a “prodigy” in the media and on cultural advertising.

Under China’s notoriously cut-throat education system, academic excellence is lauded. Many people online were encouraged by Jiang’s results, seeing them as proof that students from vocational institutes could still excel academically.

However, competition organizers claimed last Sunday that Jiang had broken contest rules by getting assistance from her instructor, who was also a participant himself, as doubts about her powers began to surface.

This has raised issues like the supervision’s lack of rigor and the inadequacies in the contest style. We honestly apologise”, organisers said in a speech.

No Jiang nor her tutor were among the 86 participants in the contest, according to the final results released on Sunday.

The increase of a maths experience

Candidates from all over the world can enter the monthly mathematics contest, which is held at the research facility of Alibaba’s Damo Academy.

This time, Jiang, a pupil at Jiangsu Lianshui Secondary Vocational School, outperformed various contenders from some of the world’s most prestigious organizations— including Peking University, the Massachusetts Institute of Technology, and the University of Oxford.

According to local media sources, she had chosen to attend the vocational school because both she had a passion for fashion style and because her sister and friends were there.

Immediately, Jiang’s results and innovative educational qualifications attracted national interest. Her tale was featured in a Damo Academy film, and she received interviews from national media outlets.

” Learning mathematics is slippery, but every day I solve the problems I feel very happy”, she told the state-run People’s Daily. ” No matter what the future holds, I did stay learning”.

Jiang’s professor, Wang Runqiu, was likewise thrust into the spotlight, hailed as an educator who noticed and encouraged her love for mathematics. He described her as a diligent student who had already studied advanced mathematics in her own way when she spoke to the internet.

He claimed that his experience with learning math has caused him several failures. Therefore, I want to give my pupils every chance possible while also informing them that there might be other opportunities in the future.

The child’s story also sparked a debate about whether China’s educational system did much to help gifted students in less traditional scientific areas, especially those who may not have received the same acknowledgement from their teachers.

The” Gaokao,” the extremely challenging exam that students must take in order to enter college, accounts for the majority of China’s educational system’s solutions. Before a 2022 education reform offered technical college students an alternate university entrance examination, those in vocational schools had long faced restrictions on taking the syllabus and joining in ordinary universities.

An earlier op-ed in state-news media outlet Xinhua said that Jiang’s results “hint]ed ] at an awkward truth: even youths as talented as her may be easily buried without good education credentials”.

She was not the creator, she claimed.

But as Jiang’s popularity burgeoned, criticism and scepticism surrounding her knowledge also started to bubbles.

Difficulty another winners wrote to the competition organizing committee in a joint letter in June asking for an exploration into Jiang. Additionally, they demanded that her responses to the initial evaluation issues be made public.

The winners claimed that Jiang had written” some obvious errors in writing” in an online movie and that she” seemed uninterested in these mathematical expressions and images”

The final round of the competition was a closed-book exam, despite the competition’s preliminary round allowing contestants to use programming software. The results of the finals, which were initially set to be released in August, were postponed for several months.

When the results were finally made public on Sunday, Jiang was not one of the 86 participants who won the championship round.

Her school also confirmed in a statement released on Sunday that her teacher Wang had assisted Jiang, and that Wang had received a warning and was disqualified from receiving awards for teachers for the year. Additionally, the statement requested leniency and protection for the teenager.

Attempts by the BBC to contact Jiang’s family were unsuccessful. A phone number associated with her father has been deleted, and a social media account her mother once used is no longer active. Numerous BBC phone calls to Jiang’s school ended up going unanswered, and a village official, when contacted by the BBC, declined to speak with the BBC about Jiang.

Many social media users also expressed support for the teenager, claiming that the bigger responsibility lay with her school and teacher, despite the revelation from Sunday that sparked a wave of criticism for Jiang and her teacher.

” Jiang Ping is not innocent, that’s without question. However, who are the “worst” parties involved? reads a post on Weibo. ” The adults brought this child along to do a bad deed, and let her suffer all the consequences”.

Jiang Ping was not the mastermind behind the fake event, according to another Weibo user. She ought not to be burned at the stake.

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Singapore’s Max Maeder named 2024 Young World Sailor of the Year

Singapore’s Max Maeder was named the country’s first Young World Sailor of the Year on Tuesday ( Nov. 5 ) at the 2024 World Sailing Awards.

The Singapore traveling team stated in an Instagram post that this is the first time a Singaporean has won a World Sailing Award prize.

The 18-year-old claimed the title back of Italy’s Vittorio Bonifacio, Australia’s Grae Morris and Denmark’s Magnus Overbeck.

Maeder received the award at a meeting in Singapore’s CHIJMES Hall.

Maeder has won the 2024 IKA KiteFoil World Series and the empty function at the Formula Kite Youth European Championships, as well as strengthening copper at the Paris Olympics.

Any soldier under the age of 21 was eligible to vote in the male and female Younger World Sailor of the Year groups.

Maeder received a next subsequent election at the World Sailing Awards. In 2023, he was nominated for Male Sailor of the Year, which was won by Tom Slingsby from Australia.

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Tote Board’s S.2 billion in reserves needed for long-term funding commitments: MOF

SINGAPORE: The S$ 4.2 billion ( US$ 3.1 billion ) in reserves accumulated by the Tote Board as at the end of the 2022 financial year enable it to make long-term funding commitments, said the Ministry of Finance ( MOF ) in response to a committee examining the government’s budget. &nbsp,

According to the Estimates Committee’s fourth report released on Tuesday ( Nov 5 ), the Tote Board’s reserves were the highest among statutory boards not protected by the Reserves Protection Framework, which covers certain statutory boards under Singapore’s Constitution. &nbsp, &nbsp,

The Quotes Committee is tasked to review what markets, changes in company, performance or operational reforms may be effected in the administration’s budget. &nbsp,

The MOF defines the Tote Board as a legal body. &nbsp, &nbsp,

Statutory sheets that are not subject to the Resources Protection Framework&nbsp usually have an accumulated deficit for both working capital needs and capital investment. &nbsp,

Before requesting funding from the government, they are expected to even look into how to use their surplus first. &nbsp,

According to MOF, The Tote Board’s reserves help keep its ability to offer grants that help the most underprivileged members of society, according to MOF. &nbsp,

” In particular, the reserves enabled ( the ) Tote Board to offer longer-duration funding commitments with grant awards of up to five years” .&nbsp,

Additionally, they made sure that the legal board could continue to honor grant commitments in times of financial uncertainty or greater sociable need, supplementing revenue with investment income, according to the ministry. &nbsp,

Singapore Pools and Singapore Turf Club’s deficits are also collected by the Tote Board, who also collect game access taxes.

According to its site, this wealth is channelled to support causes in the community. &nbsp,

The Tote Board’s give commitments as a percentage of its reserves had increased over the past ten times, according to MOF, in response to the committee’s inquiry about whether the Tote Board’s resources were in line with its goals and operating cash flow. &nbsp,

This was due to “growing cash demands to improve our cultural compact”, said the government. &nbsp,

The legal board offers eight offers, including&nbsp, the Enhanced Fund-Raising Programme, which provides up to S$ 250, 000 per generosity for fund-raising jobs.

The Arts Grant, which seeks to develop a lively arts society in institutions, is also provided by it.

FEEDBACK FROM Council

According to the review, the Quotes Committee acknowledged the MOF’s argument regarding the Tote Board’s resources. &nbsp,

Additionally, it urged the government to keep conducting interior internal audits to track down any surpluses on statutory boards and make sure that resources were used correctly and were “right-placed” when performing their duties. &nbsp,

In 2022, MOF conducted its most recent assessment of all legal board surpluses. &nbsp,

Also, the committee noted that close to 90 % of the 49 legal board listed in the Schedule of the Statutory Companies have contributed to the Consolidated Fund within the last ten years. &nbsp,

The state instructs the legislatures to transfer funds to the Consolidated Fund in order to stop their surpluses from growing excessively. &nbsp,

The Quotes Committee “urged the authorities to examine whether there was opportunity to reduce the costs and costs paid by the people to each of the legal boards” in light of the deficits contributed to the Consolidated Fund. &nbsp,

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Teen Chinese ‘maths genius’ was helped by teacher to ace global contest, probe finds

According to investigations by her class and the event planner, who claimed she “did not get a prize,” a Chinese clothing style student who was hailed as a “genius” for her report in a national maths competition did so with the help of her teacher.

Wang Ruihui, the teacher of Jiang Ping, was given a warning over the incident, according to the Lianshui Secondary Vocational School in eastern Jiangsu province on Sunday ( Nov. 3 ), and was disqualified from this year’s teacher awards.

Ping won the June competition’s preliminary rounds, outnumbering hundreds of competitors from prominent universities, and placed 12th overall.

The opposition, which is held annually at Alibaba’s Damo Academy in Hangzhou, northeast China, draws participants from some of the best universities in the world. The South China Morning Post is owned by Alaba.

Ping, who was 17 at the time of the opposition, was cited as an example of a person who had overcome her humble educational qualifications to achieve significant success.

However, the interest garnered from the media prompted scrutiny, and competitors questioned her math and score.

39 different finalists claimed in a documentary video that Damo Academy released that Ping “made some apparent writing mistakes” while working on a problem on a blackboard in a combined letter sent to the organizing committee.

The contestants claimed that Ping was assisted by her professor because” she seemed acquainted with these numerical expressions and images” in their writings.

In a statement on Sunday, the show’s organising committee said an investigation found that Wang “provided help” to the individuals under his care, violating the rules.

According to contest rules, the qualifying large is an open-book check, allowing contestants to send to online and offline components. But conversation with others is evidently prohibited.

The competitors committee apologised, acknowledging deficiencies in control of the celebration and promising improvements.

The commission also announced its victors on Sunday, recognising 86 members for their efforts.

The top five golden medallists were from Peking University, Tsinghua University and the University of Maryland, College Park.

The Lianshui technical school said it would assist educators and students in “establishing proper values and concepts of success” in the workplace.

Ping, who was the only student from a technical institution to compete against the best math minds from China and abroad, was also asked to be forgiving of the people.

Vocational schools typically accept students who do n’t pass the GAO, the crucial university entrance exam, and other factors.

Many online users claimed that the incident demonstrated that “integrity is more important than ability.”

Mathematics is “objective and cool. One commenter said,” You can cheat once and fool everyone who knows very little about mathematics, but you ca n’t fool everyone in the game.”

This content was first published on SCMP.

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This nurse is a friend to families of prison inmates and an ex-drug offender: ‘They deserve a second chance’

In February, Salimah Mohd Ayoob received an urgent call about a terminally ill patient at the Singapore General Hospital (SGH).

Salimah is deputy director of nursing at the hospital. But this was not a work call. This was related to her befriender work at Fitrah, a programme by the Islamic Religious Council of Singapore that supports inmates, ex-offenders and their families.

It was a plea for help from the patient’s husband, who was in a halfway house at that time. His wife had advanced cancer. A tumour obstructed her throat, requiring a tube to assist with breathing. She could not even form full sentences.

As she was in a stable condition, she was due to be discharged the next day for home-based palliative care. But she needed a wheelchair to move around easily, as well as a hospital bed so that she could rest in a semi-raised position to ease her breathing difficulties.

Social workers helped apply for these, but the homecare equipment would not arrive in time for her discharge.

The man was distraught. He appealed to Fitrah, and as a volunteer, Salimah helped to follow up on the homecare equipment, ensured that the woman’s children knew how to care for her, assisted the family financially through Fitrah’s help, and provided a listening ear.

Two months later, this patient passed away from her illness.

EXTENDING A HAND AND A LISTENING EAR

Salimah is a 61-year-old befriender. A nurse for 44 years, she has dedicated her life to caring for hospital patients on their journey to recovery. But when off-duty, she cares for people on a different sort of recovery journey – offenders and their families.

“I think all of them deserve a second chance,” she said.

Over the past five years, Salimah has befriended close to 10 women, including the wives and mothers of inmates, and one ex-offender. She recently received the Long Service Award (5 Years) at the Singapore Prison Service (SPS) Volunteer Awards Ceremony 2024.

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Hong Leong Bank unveils sustainable finance framework with US.5 billion commitment

  • Provided US$273 million in green auto loans
  • Financed US$3.3 billion of green and affordable mortgages

Hong Leong Bank unveils sustainable finance framework with US$4.5 billion commitment

Hong Leong Bank (HLB) has launched its inaugural Sustainable Finance Framework (SFF) on October 29, 2024, coinciding with World Sustainability Day. The framework outlines the bank’s plan to mobilise US$4.5 billion (RM20 billion) over the next five years to support various Green Projects, marking a significant step in HLB’s sustainability journey.

The SFF is designed to finance projects that contribute to a sustainable future, aligning with HLB’s broader sustainability objectives. The framework will focus on funding initiatives in several key areas, namely renewable energy, energy efficiency, green building, affordable housing, clean transportation and logistics, and waste management.

Kevin Lam, group nanaging director and CEO of HLB (pic), emphasised the importance of sustainability in the bank’s strategy: “We see sustainability as a catalyst for growth, driving positive transformation for our customers and expanding our reach to new audiences. By integrating ESG considerations into our core strategies, processes, and solutions, we strive to find common ground between our responsibilities and business needs.”

HLB has thus far pledged to achieve US$911 million (RM4 billion) in renewable energy financing by 2025 and has approved over US$797 million (RM3.5 billion) in financing to date. 

The HLB SFF adheres to several key principles and standards, including the Loan Market Association (LMA) Green, Social and Sustainability-linked Loan Principles, the International Capital Market Association’s (ICMA) Green, Social and Sustainability Bond Principles, as well as the Securities Commission Malaysia’s Principles-Based Sustainable and Responsible Investment (SRI) Taxonomy.

Chow Sheng Wai, chief sustainability officer of HLB, stated: “The HLB SFF is more than just a framework for the Bank; it’s a roadmap for a greener future for our next generation. Apart from adhering to rigorous standards and aligning with global best practices, we also sought independent assessment from a Second Party Opinion Provider, RAM Sustainability, achieving a Gold rating.”

HLB has recently received recognition for its ESG efforts, including the Overall Excellence award at the Minority Shareholders Watch Group (MSWG) National Corporate Governance and Sustainability Awards and double gold awards in the financial services sector at The Edge Malaysia ESG Awards in 2022 and 2023.

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Silver screen success

Over the past three years, Thailand’s film industry has gained momentum following the pandemic restrictions. People are spending more time outside and returning to cinemas.

Jina Osothsilp, Chief Executive Officer of GDH 559 Co, Ltd.

Jina Osothsilp, Chief Executive Officer of GDH 559 Co, Ltd.

This year, the Thai blockbuster family drama Lahn Mah left millions of filmgoers across Southeast Asia in tears.

Known in English as How to Make Millions Before Grandma Dies, it was selected as Thailand’s entry at the 97th Academy Awards.

Since it premiered six months ago, the movie has raked in almost 2 billion baht worldwide.

It was the highest-grossing Thai film of 2024, with 184 million baht in combined receipts in Bangkok and Chiang Mai alone as of early October.

The National Federation of Thai Film Associations has selected it to represent Thailand as its submission for the best international feature film category at the 97th Academy Awards.

Not only is the selection the latest achievement for the blockbuster, but it also represents the culmination of the work of GDH studio head Jina Osothsilp and her team, powered by the backing of its studio.

Ms Jina, chief executive of GDH 559, whose name stands for gross domestic happiness, said GDH has been pushing Thai films to screens abroad since its inception in 2016, especially in Southeast Asian countries such as Singapore and Malaysia as well as other Asian markets such Taiwan, Hong Kong and South Korea, to great acclaim.

The films shown abroad were mostly horrors and thrillers, genres seen as having universal appeal.

But the company has recently been trying to push out comedies and local thrillers such as How to Make Millions Before Grandma Dies, a film which explores concepts such as filial piety and patriarchy through a story about love and relationships across different generations in a family, as another step to raising the popularity of Thai films.

“Our company was founded on the principle of producing quality films that meet international standards, elevating the Thai film industry for future generations,” said the GDH executive. She reminisced about her early days at an advertising company, where she and her team pushed creative boundaries to deliver impactful commercials.

These principles remain unchanged at GDH, where the team strives to think outside the box, creating entertaining films that balance commerce and art.

“The company does not solely target mass-market films for guaranteed box office success; we also embrace diverse ideas,” said Ms Jina.

Moreover, films do not have a perfect formula to guarantee success; thus, the team must be scrupulous regarding every detail and meticulous about every production step. Everyone from scriptwriters, lighting crew and camera operators to actors, producers and directors must work together in unison, she added.

“When the film is released, regardless of the audience feedback, we believe we’ve given it all,” Ms Jina said.

“If audiences are inspired by the film’s message and apply it to their lives, which change themselves, those around them and society in a positive and meaningful way, that is the true success of filmmaking,” she added.

Ms Jina has always believed that behind every success is a great team, whether it’s the talented actors or the skilled crew members behind the scenes.

“Everyone is part of an amazing team, and we believe that the success of this film will encourage filmmakers to create fresh, new content, elevating the standards of the film industry,” she said.

“We feel that family films about love and gratitude are truly universal. Initially, there was some concern that a movie like this might not make a lot of money. But we wanted to create a good film, and we believe that good films should enlighten the audience. When we, as a board, read the script, we all admired it and believed it was an excellent script. We felt that if we didn’t make this movie, we’d regret it deeply,” Ms Jina said.

“A tearjerker might not guarantee success at the box office, but we believed in the quality of the script and the team’s passion to make it happen,” she added.

Such instincts proved right and the movie received positive feedback and an overwhelmingly warm welcome from audiences across the country and abroad. On the promotional tour in Vietnam, many young people left the cinema in tears and ran up to hug Grandma Taew, the 78-year-old actress who played the film’s titular matriarch, remarking how the movie reminded them of their grandma and thanking the company for making a great film.

She said the company has been passing on opportunities for new directors who have experience in making TV series and commercials to join the team under the supervision of the producers, bringing diverse ideas to the screen.

In August, the company released the romantic drama The Paradise of Thorns, the first feature film directed by Naruebet Kuno, known for the famous TV series I Told Sunset About You in 2022.

The film tells the story of Thongkam and Sek, a gay couple who own a home and durian orchard in Mae Hong Son.

Sek dies unexpectedly, and the property is inherited by Sek’s mother, leaving Thongkam without legal rights to their shared property.

The fight for his rights is a reflection of the challenges faced by same-sex couples in Thai society. The film has been selected for screening at the 49th Toronto International Film Festival.

Ms Jina said the success of Bad Genius (2017) in China offers solid proof that Thai filmmakers are capable of generating excitement in the international market.

Jina Osothsilp

Chief Executive Officer of GDH 559 Co, Ltd.

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Indonesian-Canadian chef wins regional S.Pellegrino Young Chef competition with his nasi tumpeng

Under the guidance of his chef mentor, Mathew Kirkley, Ferguson reckoned his winning edge was serving hot food. He used a metal bowl and kept it in the steamer at 85 degrees Celsius, removing the bowl just before the dish was served. The judges were duly impressed that the rice was still piping hot at the presentation.

 “My sauce was a sate padang base. I roasted the duck bones, but I also used cinnamon, chillis, nutmeg, coriander, and fresh coconut milk – Indonesia is a spice island. I wanted to pack it all in. I used all the pulp to make the sauce which gave it an intense underlying tone of coconut.”

Roast meats are a hallmark of Hong Kong’s culinary scene and Ferguson adapted the technique to cook his duck – first scalding it, then lacquering it in red wine vinegar to give it a beautiful colour before smoking the fowl with sugar cane – the result is a delicious sweet and smoky roast paired with the rich blend of Southeast Asian spices and flavours over piping hot rice.

ASIA’S RISING CULINARY STARS AND NEW TALENT

Kevin Wong of Seroja, a former global finalist at the S.Pellegrino Young Chef Awards and guest chef at the event shared: “The scene has really evolved since I participated as a young chef. We’ve grown as a community and many chefs have given their insights and feedback to our Singaporean candidates. Less is more to create impact, when there’s too much going on, you lose focus on the main purpose of the dish. Food has to be eaten, the tastebud has to be wowed before it pleases the eye.”

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CEO of the Year 2024


The ‘Bangkok Post’ is today running the third of its ‘Bangkok Post CEO of the Year 2024’ series with the profiles of three more CEOs who received awards.

We honour Disathat Panyarachun, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited (OR), as the CEO of the Year in Sustainable Business Leadership; Woraphot Thavornwan, General Manager of Lenovo Thailand and Rest of Indochina, as the CEO of the Year in Transformational Tech Leadership; and Natira Boonsri, Chief Executive Officer of Central Department Store Group, under Central Retail, as the CEO of the Year in Retail Transformation Excellence.

Natira Boonsri Chief Executive Officer of Central Department Store Group, under Central Retail

Natira Boonsri Chief Executive Officer of Central Department Store Group, under Central Retail

Keeping Thailand’s top retailer front, right and Central

Central Dept Store Group CEO Natira Boonsri creates iconic stores to give customers a world-class experience

Natira Boonsri, Chief Executive Officer of Central Department Store Group (CDG) under Central Retail, leads one of the most prominent department store groups in Thailand and Southeast Asia, overseeing the iconic Central and Robinson Department Stores.

With nearly 20 years of experience in the retail industry, Natira has successfully driven the transformation of several key retail spaces to meet modern consumer demands.

One of her most notable projects includes the complete transformation to elevate Central Chidlom which opened its doors in 1973 to become a truly iconic constant of Thailand’s luxury shopping destination, positioning it as “The Store of Bangkok”. This ambitious project reflects her visionary approach to retail and her ability to navigate the evolving market landscape.

Ms Natira’s journey in retail began after earning a bachelor’s degree in Economics from Boston College and an MBA from Harvard Business School. She started her career as a consultant at Boston Consulting Group (BCG) before joining Central Retail in 2005 as project development director.

By 2014, she had become president of Zen Department Store and senior vice president of Central Department Store, where she demonstrated her leadership skills by spearheading major renovations at CentralWorld and Central Ladprao. In 2018, she was appointed president of Central Department Store, and in 2021, she transitioned to Chief Commercial Officer of Central Retail Corporation Plc (CRC). She returned to CDG as CEO shortly thereafter.

Ms Natira, a third-generation member of the Chirathivat family, which owns and operates Central Group, is the eldest daughter of Boonbunlue and Ratana (Chirathivat) Norpanlob. She is married to Nathavud Boonsri and has two children, Napat and Narisa.

Among her accomplishments is the transformation of Zen Department Store into CENTRAL@centralwOrld, a key project that revitalised one of Bangkok’s busiest shopping districts. Ms Natira invested over 1 billion baht in this renovation, transforming the 50,000-square-metre space into a hub that integrates shopping, dining, and leisure experiences for customers. The move also introduced more than 3,000 brands, creating a blend of retail and lifestyle offerings. Ms Natira emphasised this transformation was not just about shopping — it was about enhancing the overall customer experience.

Under her leadership, CENTRAL@centralwOrld has become a model for integrating omni-channel strategies, allowing for a seamless, personalised shopping experience both online and offline. She plans to extend this model across an additional 20 out of 23 Central locations in five years.

Ms Natira’s commitment to retail transformation goes beyond physical renovations. Her focus is on understanding changing consumer preferences and driving innovation. She remains dedicated to enhancing the customer experience by offering new brands and services that align with modern lifestyles.

Ms Natira says every renovation is a team effort. It needs to work closely with marketing, communications, and brand teams to ensure the firm offers the best products and services for customers. Seeing customers happy and enjoying the new spaces is the greatest source of pride.

Beyond business, Ms Natira is committed to corporate social responsibility (CSR) and creating shared value (CSV). She is focused on not only driving profitability but also contributing to the environment and society. By placing customers at the heart of the business and leveraging innovation and development, she is ensuring Central Department Stores remain a leader in the retail industry. Through her leadership, Natira Boonsri is shaping the future of retail in Thailand, embodying a commitment to excellence and transformation.

Natira BoonsriChief Executive Officer ofCentral Department Store Group,under Central Retail


While it would be a challenge for OR to enter the healthcare and beauty business sector, the move is expected to generate revenue fir the company, Mr Disathat said.

While it would be a challenge for OR to enter the healthcare and beauty business sector, the move is expected to generate revenue fir the company, Mr Disathat said.

OR banking on diversification strategy

CEO Disathat Panyarachun oversees expansion from oil retail to healthcare and beauty products

The transformation of a business to ensure its survival in response to technological disruption requires a varied approach, according to Disathat Panyarachun.

The chief executive officer of PTT Oil and Retail Business Plc (OR) is not opposed to making changes within a business in response to disruption, but in his opinion such steps are often carried out when it’s already “a bit too late”.

Rather, Mr Disathat is a proponent of individuals trying to “disrupt themselves” first, before the emergence of any tech disruption. This approach has enabled him to prove that he has guided and directed OR on the right track, ensuring the company is able to further grow from the expansion of its non-oil businesses.

From developing electric vehicle (EV) charging facilities to selling healthcare and beauty products, OR’s business diversification has provided opportunities to fuel the company’s growth amid technological upheaval and the emergence of new societal and lifestyle trends.

Mr Disathat continues to get behind OR’s plan to roll out more EV charging stations at PTT petrol stations to serve EV motorists, a move that aligns with the global trend of promoting greater EV usage.

Like other oil retailers, OR saw the impact of increasing numbers of battery-powered vehicles on the country’s roads had on oil sales. This led the company to rapidly roll out charging services for EV motorists at its petrol stations. Indeed, it was one of the first to do so.

Mr Disathat says OR needs to rapidly become part of the EV ecosystem before electric-powered vehicles make an even bigger dent on the demand for oil in the future. Global demand for oil is expected to rise by 5% to a peak of 50 million barrels per day by 2032, with oil use per vehicle likely to fall sharply as EVs are expected to account for more than half of all auto sales by 2040, according to a report released in June 2024 by Goldman Sachs Research, a division of Goldman Sachs Group, a global investment banking, securities and wealth management firm.

The development of EV charging stations is part of OR’s “Beyond Fuel” concept, which also includes the company’s food and beverage business. This prioritises matching OR’s product and service offerings with the demands of consumers amid new societal and lifestyle trends.

OR has long been working towards realising the Beyond Fuel goal by embarking on non-oil ventures rather than remaining in the comfort zone by enjoying its long-established status as a major oil retailer, said Mr Disathat. “We don’t care what new energies there will be in the future. What we have to do is to maintain our leadership position as we do in the oil retail sector,” he said.

The company wants EV charging stations to provide another alternative service for motorists, which will also provide OR with a new business opportunity. OR earlier announced it plans to increase its investment in the battery charging business through its EV Station PluZ plan. The company expects to have 600 EV charging outlets nationwide within this year, up from 400 outlets as of July 2023. The longer-term aim is to raise the number of outlets to 7,000 by 2030.

Another non-oil business OR is keen on promoting is the sale of healthcare and beauty products, representing another aspect of the company’s shift away from its decades-long role as an oil retailer.

While visiting a petrol station, consumers can now experience a one-stop shop by selecting a tasty dish, sipping some refreshing coffee and purchasing from a range of alluring cosmetics and skincare products. Thailand is now the second largest healthcare and beauty market in Southeast Asia and OR is keen to tap into this significant business opportunity.

Through its subsidiary OR Health and Wellness, OR took the step of venturing into the health and beauty business by partnering with Sugi Holdings, a Japanese drugstore chain and nanotech platform operator.

OR plans to open up to 10 shops named “found & found” by year end to increase sales of these products. Mr Disathat said while it would be a challenge for OR to enter the healthcare and beauty business sector, which has a local market value estimated at 1 trillion baht, the step is expected to generate revenue for the company.

Disathat Panyarachun Chief Executive Officer of PTT Oiland Retail Business Public Company Limited (OR)


Woraphot ThavornwanGeneral Manager of Lenovo Thailand and Rest of Indochina

Woraphot ThavornwanGeneral Manager of Lenovo Thailand and Rest of Indochina

Ensuring Lenovo’s sustainable future

Woraphot Thavornwan, General Manager of Lenovo Thailand and Rest of Indochina, is on a mission to drive Thailand towards intelligent transformation

Lenovo Thailand, under the leadership of general manager Woraphot Thavornwan, has successfully transformed from a computer hardware-centric organisation to a comprehensive AI-powered services and solutions provider as the market matures, ensuring a sustainable future.

Thailand is one of the top markets for Lenovo in Asia-Pacific. Mr Woraphot’s mission is to drive Thailand towards intelligent transformation.

In 2020 he was appointed Lenovo’s director of the consumer business division in Thailand, where he played a crucial role in driving the consumer and retail business forward. After that, Mr Woraphot was promoted to general manager for Myanmar, Laos and Cambodia, overseeing diverse markets and demonstrating his adaptability.

In his current role, he has positioned Lenovo Thailand as the market leader in the computer segment, showcasing his ability to excel in a competitive environment.

Mr Woraphot said Lenovo has been a leading company in the PC industry for many years and has continued to hold the No.1 position globally. In the latest quarterly report by IT research house IDC, the company remains in the top position. “Over the past few years, we’ve transformed our organisation into three business groups. First is the Intelligent Device Group (IDG), which encompasses a range of products, including tablets, desktops, notebooks and workstations,” he said.

The second is the Infrastructure Solutions Group (ISG), which covers servers, storage, cloud solutions and security products, providing end-to-end solutions.

The third is the Solutions and Services Group (SSG), dedicated to delivering comprehensive, tailored solutions across various industries, including manufacturing, food and beverage, hospitality and finance.

“Our clear strategy and strong execution, as well as our persistent focus on innovation and operational excellence resulted in revenue improvement across all business groups in the recent quarter, with 47% of revenue coming from non-PC sources,” said Mr Woraphot.

Lenovo is implementing its One Lenovo strategy, where a single account executive or sales representative will be able to provide comprehensive end-to-end solutions — from edge to cloud to customers, which reduces working redundancies, he said.

This approach allows Lenovo to tailor its offerings to meet the specific needs of end-users across various industries in Thailand and the Indochina region. “We’ve invested time and resources in upskilling our sales team to ensure we retain the necessary skills to stay ahead of the curve,” said Mr Woraphot.

He said understanding this structural shift is crucial. The company has also leveraged artificial intelligence (AI) to enhance its organisational capabilities and help customers adapt to the changes. “The key is our ability to adjust our methodologies to deliver a seamless value chain, from our products, ranging from edge devices to cloud infrastructure equipment, ensuring fluency in serving our customers. I believe we’re on the right path and will win in the market,” said Mr Woraphot.

He said every success stems from a deep understanding of the customers. “Delivering smarter technology for all is not an easy task, but we’ve made significant investments in research and development — standing at US$476 million in the last fiscal year. Remarkably, one in every four employees is dedicated to R&D, with more than 18 locations delivering products across 180 markets,” said Mr Woraphot.

“Our success is largely due to our commitment to listening to the market. In the consumer segment, we offer a wide range of AI PCs and devices, while in the commercial sector, we provide a comprehensive suite of solutions — from edge to cloud, including client technology, networking and intelligent infrastructure.”

He said Lenovo is well-prepared to serve various markets with the right talent. In Thailand, for example, the company has a full range of training programmes to develop the workforce. This enables the company to respond to changes, serve customers and partners better, and ensure the best products from its R&D efforts reach end-users through business partners. “This holistic approach is how we achieve success in the market,” said Mr Woraphot.

“Listening is just as important as speaking; we need to empathise and put ourselves in others’ shoes. This requires flexibility and resilience to adapt to change. At Lenovo, we think globally but act locally, empowering our teams with diverse skills,” he said.

“Understanding timing and behavioural differences of different markets is crucial. We also need to empower our people and foster teamwork based on trust. When we delegate responsibilities, we do so collectively, supporting each other through challenges and celebrating successes together,” said Mr Woraphot.

This approach has led to high employee satisfaction in Thailand, resulting in the company’s recent recognition as a “Great Place to Work in 2024”, he said.

“Ultimately, our success stems from winning in the market, serving our customers and partners, and valuing our employees. At Lenovo, we believe that teamwork is essential, and we are prepared to win together,” said Mr Woraphot.

Woraphot ThavornwanGeneral Manager of Lenovo Thailandand Rest of Indochina

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Content creator OGS scores 3 wins at The Pinwheels 2024 awards

Local media company OGS (short for Our Grandfather Story) has won big at The Pinwheels by sweeping three categories and taking home a total of S$15,000 in production grants.

The categories won by OGS included Content Of The Year Award for the video My Final Farewell Before I Die; Best Non-Fiction (Non-scripted) Video for A Foodie’s Final Night With Pancreatic Cancer; and the big one, Content Creator Of The Year.

A total of 564 entries were submitted by digital content creators to vie for the 10 award categories such as the closely watched Best Newcomer Video, and first-ever Most Artistic Video categories.

“The Pinwheels continues to shine a spotlight on the wealth of creativity we have right here at home and provide our local talents with the recognition they deserve,” said Mediacorp’s Chief Talent Officer, Doreen Neo.

The third edition of The Pinwheels awards, held at Harbourfront Centre on Friday evening (Oct 25), was presented by Bloomr.SG, Mediacorp’s content creator network, and supported by YouTube.

Other than announcing the winners, the night’s event also featured electronic-orchestral musical act From Outer Grey by KoFlow as well as performances by Singaporean dance group D’Kingsman, local singer-songwriter Shye, TikTok artiste Josh Makazo, singer WHYLucas, and samba band Qara Rosa Batucada.

Here is the complete list of winners:

  1. Best Collaboration Video: What To Do And Eat In Kuching, Malaysia!: 4D3N Travel Guide by Overkill Pte Ltd
  2. Best Drama (Scripted) Video: Kidnap Fails by Wah!Banana’
  3. Best Lifestyle Video: The Importance of Documenting my (boring) Life by SeeMin Ng
  4. Best Newcomer Video: Desi Paktor – Singapore’s First Brown Dating Web Series by Tanglish Studios
  5. Best Non-Fiction (Non-Scripted) Video: A Foodie’s Final Fight with Pancreatic Cancer by OGS
  6. Most Artistic Video: B-Greater – SKM feat Wheelsmith, KEYANA by KindnessSG
  7. Most Innovative Video: Singapore’s Energy Story by Just Keep Thinking
  8. Most Social Good Video: This S’porean invites strangers to join her for dances & meals, but why? by Mothership
  9. Content Of The Year: My Final Farewell Before I Die by OGS
  10. Content Creator Of the Year: OGS

You can catch The Pinwheels 2024 awards show on mewatch and Mediacorp Entertainment’s YouTube channel at 8pm on Nov 8.

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