Line Man to add more services

It is marking its first anniversary by claiming to be the country’s No 1 food-delivery service while also offering other delivery service 24 hours a day. 
Users can log in to Line Man via Line ID, and can trace service status in real time. Line Man has also formed strategic alliances with Wongnai, a restaurant-review application, Lalamove, a courier and delivery service, and portals such as Alpha Fast and Thailand Post specialising in professional delivery services. Through collaborations and mutual developments with these alliances, Line Man offered services in four areas 24 hours a day.
The first area is food delivery. Line Man says it has become Thailand’s No 1 food-delivery service to more 500,000 users per month in Bangkok and its peripheral areas covering more than 30,000 restaurants ranging from street food to fine dining.
Second, Line Man has partnered with Lalamove to provide a quick, safe and systematic messenger service. 
Third, a new option allows users to order products from 7-Eleven and have them delivered anywhere at any time without having to travel to the actual shop. 
Fourth, a newly introduced postal service saves time and money for online vendors to ship their products and manage postal activities with their customers seamlessly. It is available in two channels.
First is a document and parcel pick-up and delivery service by Alpha Fast. It serves recipients in Bangkok, Nonthaburi, Pathum Thani and Samut Prakan with convenient status tracking in real time.
Second is a letter, parcel and EMS postal service by Thailand Post. Items are picked up at the customer’s door for delivery via Thailand Post, with pricing by weight based on standard postage rates.

LEGAL EDGE
China Eastern retains US law firm 

China Eastern Airlines on Tuesday signed a global strategic cooperation framework agreement with US-based law firm Baker McKenzie, as it seeks to expand its operations overseas.
Under the agreement, Baker McKenzie will continue providing legal counsel and services to China Eastern as the latter carries out its internationalisation strategy, said Tang Bing, the airline’s deputy general manager.
Tang said the company faced challenges and risks doing business overseas, and being able to understand business ethics, principals, regulations and laws of other countries was essential for the company’s success.
Jim Colihan, managing partner of Baker McKenzie’s New York office, said the firm was honoured to partner with one of the world’s leading airlines.
The law firm has a China team that includes partners, associates and professionals from 77 offices in 47 countries, according to Colihan. The team focuses on helping Chinese companies from all industries and sectors navigate the legal regulatory and cultural landscape around the world.
“While we continue to face political and regulatory uncertainties in the US and around the world, we see opportunities for leading Chinese companies to grow and innovate outside their home markets,” he said.
He added that Baker McKenzie’s recent report with Rhodium Group saw a surge of Chinese foreign direct investment in North America and Europe, highlighted by continued influence of globalisation and rapid development for China’s economy.
China Eastern Airlines is one of China’s three flagship carriers, with a fleet of more than 600 aircraft. Its revenue reached US$15 billion (Bt510 billion) last year, 40 per cent of which came from the international market.
By 2020, China Eastern expects to reach a fleet size of 822, and passenger turnover of 150 million, according to Tang. – China Daily

Phatra boosts multi-asset capability 

Phatra Asset Management Company has upgraded to the Charles River Investment Management Solution (IMS) Version 9.8 for its domestic and global fixed income, equity, derivatives and money-market operations. 
Charles River IMS integrates and automates the firm’s portfolio management, order and execution management, and compliance-monitoring activities. 
“Charles River’s latest multi-asset-class capabilities will support our continued growth and expansion into foreign markets,” said Yuthapol Laplamool, managing director of Phatra Asset Management. 
“The easy set-up of new asset classes will help us implement new investment strategies more quickly, and the portfolio management workspace enables our fund managers to more easily visualise and manage their portfolios.” 
Cameron Field, managing director for |Asia-Pacific at Charles River, said: “Our enterprise solution helps clients work more efficiently and bring new products to market faster. 
“By staying current with the latest capabilities, firms like Phatra can give their teams the best investment tools available to be increasingly competitive.” 

State units’ revenue may top target 

The State Enterprise Policy Office expects state enterprises’ revenue this year to exceed the target of Bt131 billion, of which Bt122 billion was achieved in the first eight months of the 2017 fiscal year (October 2016-May 2017), thanks to the stronger financial performance of several of them last year, said Sepo director-general Ekniti Nitithanprapas.
In May alone the state enterprises transferred Bt25.7 billion in revenue to the government.
The top revenue makers in the past eight months were the Electricity Generating Authority of Thailand, which transferred revenue of Bt21.6 billion, followed by the Government Lottery Office with Bt18.8 billion, PTT with Bt14.5 billion, the Government Savings Bank with Bt13.1 billion, and the Provincial Electricity Authority with Bt11.3 billion.