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

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  • 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

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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

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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

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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

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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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Content creator OGS wins at The Pinwheels awards for third year in a row

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Local media company OGS has won again – and for three years in a row, actually – at The Pinwheels. This year, OGS (short for Our Grandfather Story) swept the awards in three categories and took 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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Recognising visionary leadership and lasting impact

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The Bangkok Post once more honors outstanding leadership and innovation in the business industry. The” Bangkok Post CEO of the Year 2024″ prizes are a testament to our unwavering determination to recognizing excellent authority.

This week’s awards highlight key executives and top leaders whose advice has transformed businesses into symbols of achievement, progress, and green growth, continuing our tradition of honoring creative and inspirational leaders who have reshaped industries and sparked beneficial change.

The awards recognize not only commercial accomplishments but also the important contributions and lasting efforts these leaders have made to society and the economy across a range of categories. These distinctions highlight the impact of their perspective and commitment, from striking tactics to revolutionary leadership.

This time, 15 prizes may be presented, each accompanied by a unique and compelling narrative that captures the government’s enthusiasm. In the upcoming weeks, we will share the stories of these outstanding leaders, highlighting their accomplishments and contributions to moving both their communities and community ahead.

To level the CEO of the Year 2024 news, the Bangkok Post is launching a unique collection today, with regular features on the awarded CEOs– showcasing their accomplishments, business strategies, and encouraging visions, both in print and online.

Mr. Bandhit claimed that Thai Oil is on the verge of great success as a result of changing its enterprise to conform to international megatrends.

Mr. Bandhit claimed that Thai Oil is on the verge of great success as a result of changing its enterprise to conform to international megatrends.

Girding for revolution

The chief executive of Thai Oil has prepared the company for upcoming issues while making sure the workforce’s needs are always at the forefront.

As Thailand transitions toward cleaner energy, Bandhit Thamprajamchit, the company’s chief executive and chairman, is aware of new challenges facing the business as it moves ahead.

He embraces technology and development to ensure the bank’s long-term success while helping Thai Oil change its company strategy in response to growing demand for green energy.

Thai Oil is Thailand’s largest plant and distributor of gas merchandise, producing one of the highest sizes of high-value done petroleum products in Asia-Pacific.

Thai Oil embraces change in order to convert prospective crises into opportunities for growth as it deals with physical challenges like the power transition, the push towards sustainability, advances in artificial intelligence technology, and a statistical shift.

Through its slogan” Empowering Human Life through Sustainable Energy and Chemicals,” Mr. Bandhit made clear that the business was ready to address these physical issues.

Thai Oil has set an aspiration portfolio goal for 2030, which involves reducing the percentage of its petroleum business and high-value petroleum products from 70 % to just 45 % of its overall portfolio. By 2030 the remaing 55 % of the overall portfolio would be made up of the company’s petrochemical business and high-value petrochemical products ( 30 % ), new S-Curve business ( 20 % ), and power business ( 5 % ).

3V Plan

Thai Oil uses three” V’s” to accomplish its objectives and be in line with its total vision, according to Mr. Bandhit, who says the company is aiming to generate the business.

The first” V” refers to benefit maximization, which involves the inclusion of the existing business value ring with the achievement of investment options in the downstream chemical industry as well as the development of high-value products to improve the bank’s competitive capabilities.

This is supported by key business systems, including the Clean Fuel Project ( CFP), and through its investment in PT Chandra Asri Petrochemical Tbk, Indonesia’s largest integrated petroleum company.

The minute’ V’ refers to worth enhancement. According to Mr. Bandhit, this method aims to expand the company’s international areas in order to support a variety of Thai Oil Group items.

In addition to its primary sales center in Thailand, Thai Oil may develop into destination countries that have higher rates of economic and population progress, such as Vietnam, Indonesia and, most recently, India.

The third’ V’ refers to value diversification. Under this strategy, the company will expand its investment into new S-curve businesses that relate to the latest mega-trends, he said.

Parmi the new industries targeted are the chemical industry, which inhibits and eliminates harmful germs, surfactants used in cleaning products ( disinfectants and surfactants ), bio-businesses, and new energy industries, including investment and business creation through corporate venture capital.

3C APPROACH

Through the use of three” C’s,” Thai Oil’s business transformation also includes efforts to reduce its environmental impact.

According to Mr. Bandhit, the business is focusing on achieving its sustainability goals, including achieving carbon neutrality by 2050 and a net-zero target by 2060. The interim goal is to reduce greenhouse gas emissions by 15 % by 2035.

The first’ C’ refers to reducing Thai Oil’s existing emissions. The company is attempting to put Thai Oil’s current production processes to the best possible use by studying and developing net-zero pathways. This is a priority.

The company aims to make up for the remaining amount of greenhouse gases in the second” C,” according to Mr. Bandhit. The second” C” involves compensating for residual emissions.

The third ‘C’ refers to controlling future emissions. The company wants to control the amount of greenhouse gases by adjusting its portfolio to include a significant proportion of investment in alternative low-carbon businesses and products, aligning with its V strategy. Mr. Bandhit claimed that Thai Oil is on the verge of great success as a result of changing its enterprise to conform to international megatrends.

The chief executive of Thai Oil has developed all aspects of the business and communicated the messaging needed to support these changes. He places an emphasis on satisfying the needs of employees so they can produce high-quality work and live a good life, as he believes in the message behind the slogan” Your Value, Our Priority,” which will help Thai Oil develop consistently and sustainably to become a 100-year-old organization.

Bandhit Thamprajamchit President and Chief Executive Officer of Thai Oil Public Company Limited

Dr. Tanupol stated that he intends to increase the percentage that the wellness segment contributes to the group's overall revenue going forward.

Dr. Tanupol stated that he intends to increase the percentage that the wellness segment contributes to the group’s overall revenue going forward.

BDMS zeroing in on wellness

Company’s operations aim to generate &nbsp, a larger chunk of overall revenue from its preventive &nbsp, and lifestyle medicine services

The chief executive of Bangkok Dusit Medical Services Plc ( BDMS ) Wellness Clinic and BDMS Wellness Resort, better known as Dr. Amp, is a renowned authority on preventive medicine and lifestyle medicine.

Dr. Tanupol continued his education by studying anti-ageing medicine and becoming certified in the American Board of Anti-Aging and Regenerative Medicine after graduating from Siriraj Hospital’s Faculty of Medicine.

Dr. Tanupol has a lot of knowledge in helping patients adjust their lifestyles, particularly in terms of weight management and the treatment of obesity.

Dr Tanupol is also a best-selling author of several health and wellness books, while his YouTube channel– DrAmp Team– now has more than 1 million subscribers.

” My vision is to improve the quality of life for Thais, and people around the world”, he said.

Dr. Tanupol claimed that as the number of people over 60 increases, the world is becoming an aging society.

In Thailand, this segment accounts for more than 20 % of the population, above the global average of 16-17 %, with people aged 60 and above expected to account for 28 % of the Thai population by 2031.

Another challenge facing human health is the prevalence of non-communicable diseases (NCD ), including strokes, cardiovascular disease, hypertension, lung disease, and obesity.

In 2023, around 77 % of deaths in Thailand were attributed to NCDs, accounting for 380, 000 deaths per year, which is considered to be extremely high.

Thailand also had the highest incidence of obesity in the area.

BDMS reported revenue of over 100 billion baht in the last year, of which only 10 % was made up of the wellness sector, with the rest coming from the treatment of illnesses.

Dr. Tanupol stated that he intends to increase the percentage that the wellness segment contributes to the group’s overall revenue going forward.

Over the past five years, BDMS ‘ revenue from wellness services has increased by 30 % annually, far exceeding the average of 10 % globally.

BDMS Wellness Clinic operates 19 wellness clinics nationwide, including its headquarters in Bangkok, located in Soi Somkid.

The 15-billion-baht Bangkok facility includes a clinic, the Mövenpick BDMS Wellness Resort Bangkok, BDMS Connect Center, which is a meetings facility, along with a private jet service to meet the needs of wealthy clients.

During this year’s second and third quarters, 60 % of the company’s clients were foreigners, mainly from China or the Middle East, who recognise the BDMS brand as the ideal provider of healthcare and wellness services.

Dr. Tanupol noted that the company also employs a number of employees with extensive hospitality industry experience because they are already well-equipped with a service-oriented mindset to provide clients with their services at the clinics.

” My vision is not only driving revenue, but rather to contribute to society, making Thailand one of the world’s leading wellness destinations”, he said.

Thailand is ranked 15th for wellness tourism in 2022, according to the Global Wellness Institute, and BDMS Wellness Clinic wants to improve its position in the world rankings to be among the top five, he said.

He claimed that the group had already made an additional 25 billion dollars to build a wellness complex in Bangkok in an effort to become the “wellness valley of the world.”

It is estimated that the project, which will feature hotels, clinics, and residential units aimed at people who have chosen to adopt a “wellness lifestyle”, will be completed within five years.

Additionally, the business has just introduced the BDMS Wellness Clinic in Laguna Phuket, which is geared toward Russian-born visitors looking for wellness.

BDMS has invested a lot in research and technology in addition to running a leading healthcare group for more than 50 years.

” Today, every aspect of a person’s medical information can be checked”, said Dr Tanupol.

” Medicine today is not a case of “one size fits all.” It’s all about precision and providing more personalised solutions”.

Advanced technology enables in-depth analysis of personal health factors, including aspects pertaining to hormones, andropause, menopause, stress levels, sleep quality, food and diet, and vitamin and mineral levels.

A complete genome genetic test is also available that can help doctors help you plan a healthy lifestyle and determine a person’s risk of developing a disease later.

Tanupol Virunhagarun is the CEO of BDMS Wellness Clinic and BDMS Wellness Resort.

Thapana Sirivadhanabhakdi.

Thapana Sirivadhanabhakdi.

attempting to create a sustainable future

Thapana Sirivadhanabhakdi of ThaiBev is utilizing Sufficiency Economy principles to promote long-term stability and resilience.

Thai Beverage Public Company Limited ( ThaiBev ), led by Thapana Sirivadhanabhakdi, CEO and president, has grown the business into one of the largest beverage conglomerates in Southeast Asia and has also been a proponent of sustainable business practices.

His direction goes beyond profit, highlighting the crucial role that businesses play in promoting social and environmental responsibility.

Under Mr Thapana’s stewardship, ThaiBev has embraced the philosophy of the Sufficiency Economy, as advocated by His Majesty King Bhumibol Adulyadej The Great, King Rama IX.

By using this strategy, Mr. Thapana has demonstrated that sustainability is a potent force for long-term stability and resilience rather than a stopper of growth.

This philosophy, rooted in moderation, responsible consumption, and environmental care, has become a guiding principle for ThaiBev, serving as a case study on how sustainability can be integrated into business operations.

Beyond his own business, Mr. Thapana has collaborated with the Chaipattana Foundation to promote this philosophy as a social foundation for both families and businesses.

For the past five years, Mr Thapana has spearheaded Sustainable Expo ( SX), Asean’s largest sustainability-focused event. The expo brings together government, private sectors, and civil society to foster collaboration on critical sustainability issues, including carbon emission reduction, environmental protection, and the role of technology in achieving these goals.

SX 2024 marked its most successful year, extending the event from seven to ten days, with over 640, 000 participants both online and offline, surpassing the initial target of 500, 000. Of these attendees, more than 227, 000 were young people aged 18-35, highlighting the growing interest in sustainability among the next generation.

The expo featured insights from over 700 speakers representing 270 organisations, all aiming to find practical solutions to global sustainability challenges.

Remarkably, the event generated over 40 million baht in revenue through community product sales and booth exhibitions. All profits went to social organizations and local communities, and ThaiBev kept the costs low for exhibitors, demonstrating the company’s strong commitment to supporting social causes and social good.

The SX initiative sends a clear message that all industries are eager to learn and take steps toward sustainability. Youths ‘ overwhelming participation reflects their growing awareness of the impact of their actions on the future of the planet and their place in it, according to Mr. Thapana, who cited the success of the event.

” Collaboration are crucial for the dimensions of sustainability. We must prioritise the five ‘ P’s– planet, people, prosperity, partnership and peace, to truly drive sustainable progress”, he said.

Mr Thapana credits much of his business acumen to his father, Charoen Sirivadhanabhakdi, the founder of ThaiBev. He learned the importance of” consistency and resilience” in business, especially in times of economic uncertainty.

” If you’re committed to something, you have to continually adjust and solve problems, no matter how small, without giving up”, Mr Thapana shared.

Ethics are also a cornerstone of Mr Thapana’s approach to business. He firmly believes that businesses must collaborate with their partners without petty customers or suppliers.

” Unethical practices destroy sustainability”, he says, underscoring that ethical conduct is key to long-term business success.

Mr Thapana’s success lies in his ability to balance growth with sustainability. He emphasises three key elements– awareness, mindfulness, and adaptability.

First, businesses must stay aware of “disruptions” in the marketplace by understanding consumer behaviour and megatrends. Second, mindfulness and thoughtful decision-making are essential for sustaining both growth and environmental responsibility.

Finally, adaptability is essential to navigating the rapidly evolving global technology and environmental challenges.

Thapana Sirivadhanabhakdi’s leadership reflects a deep commitment to not only building a thriving business but also making a lasting, positive impact on society. The Bangkok Post proudly recognizes him as CEO of the Year in Sustainability Impact Leadership for his remarkable contributions and acknowledges his leadership in shaping a more sustainable future for ThaiBev and society.

Thai Beverage Plc.’s Chief Executive Officer of Thapana SirivadhanabhakdiGroup

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Singapore kitefoiler Max Maeder awarded S0,000 for historic bronze at Paris Olympics

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An athlete may be awarded S$ 1 million for an Olympic metal, S$ 500, 000 for a magic and S$ 250, 000 for a copper. Swimming champion Joseph Schooling, who won the 100-meter butterfly at the 2016 Rio Olympics, was the only athlete to receive the best prize.

All players are required to donate a portion of their MAP accolades to their individual National Sports Associations for upcoming training and development. In Maeder’s situation, he will need to provide 20 per cent of his reward money, or S$ 50, 000, to the Singapore Sailing Federation. &nbsp,

The MAP prizes are also deductible.

” The Olympic Games represent the pinnacle of sporting success, where the country’s finest athletes gather not just to thrive, but to represent the highest ideals of superiority, compassion and respect”, said SNOC leader Grace Fu, who is also Minister for Sustainability and the Environment.

” Our players in Paris did just that – representing Singapore with passion, endurance and unwavering dedication.

They stood tall on the country’s biggest level and carried the hopes of a country.

Edwin Tong, the minister for society, society, and youth, Yeo Jia Min and Amita Berthier, as well as Maeder’s families, Hwee Keng and Valentin, were also present at the event.

A full of 23 players represented Singapore at the Paris Olympics, with 15, including Maeder, making their Games debut.

MAEDER’S STANDOUT YEAR

Maeder’s brass was Singapore’s fifth Olympic award and meant that he became the country’s youngest Games medallist. He ended&nbsp, Singapore’s eight-year rush for an Olympic floor finish&nbsp, since Schooling won gold in 2016. &nbsp,

He is even Singapore’s first Olympian sailing champion.

The 18-year-old, who is the nation’s top-ranked kitefoiler, has been in beautiful shape this time. Maeder won five straight titles, including the world finals where he defended his name, before taking to the ocean for the Olympics.

He has continued in a similar spirit post-Olympics.

In September, Maeder&nbsp, won the&nbsp, Hungarian foot of the KiteFoil World Series&nbsp, and followed that up by&nbsp, winning the&nbsp, 2024 Formula Kite Asian Championships&nbsp, in Daishan, China.

The following quarter, he retained his&nbsp, IKA KiteFoil World Series&nbsp, name after winning its European foot, before topping the empty event at&nbsp, Formula Kite Youth European Championships in Sardinia, Italy.

At the Singapore Sports Awards in June, &nbsp, the&nbsp, Asian Games metal medallist&nbsp, took the Sportsboy of the Year dignity for the fourth consecutive time.

Maeder is likewise among&nbsp, the contenders for the inaugural&nbsp, Young World Sailor of the Year award&nbsp, at the 2024 World Sailing Awards.

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Seamless events, memorable experiences: Redefine event tech management with Dreamory

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Simplify your events: Easy registration, interesting experiences, intelligent attendee management, and incisive behavior analysis

The team at Dreamory

Imagine hosting an event where the last clapping is immediately followed by registrations like a clock. No tension, no chaos—just natural, smooth murder. That’s the kind of knowledge Dreamory Group delivers.

The company’s function technology is designed with a human-centred method, ensuring smooth event planning and execution while delivering an unprecedented visitor experience. When event organizers themselves, the Dreamory staff is aware of the difficulties faced by experts in the field. Dreamory is revolutionizing how activities are created and experienced by improving operations and utilizing cutting-edge engineering.

Their revolutionary blend of inventive design and technology ensures that your event stands out from the crowd, whether it’s a product release fad or a busy event.

Seamless events, memorable experiences: Redefine event tech management with Dreamory

Say Goodbye to Long Queues with the Ultimate Event Check-in Software!
Dreamory Group Sdn Bhd offers function technology called Blue Lobby, according to Amanda Ng, co-founder and COO. With its user-friendly software, fast QR check-ins, and visitor portals that make your event organizing process simple,” Blue Lobby is all about improving event control,” she says.

The business won the Best Pivot Growth Company nomination earlier this year at the third version of the Best In Tech Innovation Awards, showcasing their outstanding Event Tech hinge and adaptability to a changing market.

Seamless events, memorable experiences: Redefine event tech management with Dreamory
Stage Up Your Occasion: Fast, Sleek, and Custom Check-in Kiosks!

Now, the team is buzzing with enjoyment as they showcase their latest innovation—full-service check-in shops! These shops are n’t really useful, they’re a game-changer for function organisers. Imagine having a modern, sleek kiosk that can print title badges on the spot and handle check-ins to properly complement the theme of your event. Whether you’re going for a beautiful, attractive, or modern look, these shops adapt to your eyesight. It’s quick, it’s easy, and it adds a touch of elegance to render your event stand out. Who knew occasion check-ins could be this excitement?

Seamless events, memorable experiences: Redefine event tech management with Dreamory

What’s next for Dreamory?
With a perspective to develop customer-centric technologies that promotes global availability and creative wedding, the company is constantly innovating. Their most recent products include engaging function features like engaging lucky draws, interesting product launch gimmicks, and digital signing walls to keep attendees entertained. Dreamory does n’t just handle the logistics—they create experiences attendees will never forget.

Ready to enhance your future event into a showstopper? Join Dreamory and watch the magic happen. Schedule your 30-minute video today to get a firsthand look at the event technology future. Visit https ://dreamorygroup.com and connect with them on Facebook, Instagram, and Linked In.

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Singapore’s Max Maeder nominated for young sailor of the year at 2024 World Sailing Awards

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SINGAPORE: &nbsp, Singapore kitefoiler Max Maeder is among the contenders for the inaugural&nbsp, Young World Sailor of the Year award&nbsp, at the 2024 World Sailing Awards. The 18-year-old is in a brilliant artery of form, &nbsp, clinching&nbsp, copper at the Paris Olympics, when properly as&nbsp, winning the&nbsp, 2024 IKA KiteFoilContinue Reading