Terence Pang, chief operating officer of Shopee, said: “To reward Thai shoppers for their continual support for Shopee and the trust in its payment gateway, Shopee Thailand is rolling out a 5 per cent cashback campaign for all users. Until June 30, for every purchase, 5 per cent of the transaction amount, the highest cashback that has been ever offered in the e-commerce industry, will be paid back to the buyer.”
PADAENG INDUSTRY JOINS
Padaeng Industry (PDI) has become a member of the Private Sector Collective Action Coalition Against Corruption (CAC) group, reflecting its good corporate governance over the years, the company said yesterday.
The company said PDI was honoured to be a member of the CAC and it was determined to adhere to good governance while building consistent returns on investment for shareholders.
Francis Vanbellen, PDI managing director, said he noted the CAC has the Institute of Directors as its secretariat to drive the anti-corruption campaign in Thailand. “Being a CAC member is in line with PDI’s corporate governance policy, which has been determined to build consistent and sustainable returns on investment to the company’s shareholders,” Vanbellen said.
He said PDI has followed the good governance practices recommended by the Stock Exchange of Thailand Act, “so that shareholders, investors and stakeholders will be confident in the company’s management standard”.
He said an audit committee was set up to oversee and monitor PDI’s financial reports, internal management and corporate governance, “which is in line with its vision, corporate value and business policy.”
“The internal audit committee is used as a mechanism to push for the company’s good governance practices,” Vanbellen.
“PDI also announced its code of conduct and anti-corruption policy as its practice guidelines for internal organisation, management executives and employees.
“The company also set up a selection and remuneration committee to oversee the selection of directors and propose the remuneration policy for the company’s directors and members of all committees as well as top management executives.
“To ensure that PDI can function properly in line with its major policy, a strategic committee was established to oversee business strategies before endorsing them to the company’s board of directors.”
CITI ADVISORY SERVICE
HELPS CITIGOLD CLIENTS
Citi Thailand says its Total Wealth Advisor (TWA) service can help its Citigold clients achieve their financial goals as they progress through life’s stages.
Don Charnsupharindr, head of retail banking, said TWA provides an overview of a client’s portfolio, including risk-diversification indicators, so that investments are securely spread across asset classes.
“Often investors face financial planning problems because they only consider the percentage return on their investment as the measure of success, without having a clear view of whether the return will enable them to reach their life goals or not,” Don said.
“In addition, investors don’t have sufficient information for financial planning or the time to effectively process the complex information, such as the inflation rate or the expected return of each asset class.
“These factors lead to investors’ concerns that financial goals may not be met.”
Citi said TWA will make financial planning easier and more efficient so that users “can ultimately achieve their desired financial goals”.
ON THE ROAD
TATA MOTORS OFFERS
Tata Motors (Thailand) Co Ltd has outlined its commitment to customer service and after-sales service in Thailand with the introduction of what it calls mobile service offerings. The Tata Mobile Service aims to provide customers with remote basic services and maintenance, as well as emergency roadside assistance.
The mobile service offers customers and commercial vehicle fleets on-site servicing, maintenance and warranty repairs on their premises.
Tata’s mobile service programme will initially support the Tata Motors Experience Centre in challenging environments and remote locations. Following the pilot, Tata said it would substantially increase the numbers of mobile service units through all distributors as a service standard for customers and commercial fleets all over the country.
CPF’S SMART MEAL RANGE
CATERS TO VEGETARIANS
Charoen Pokphand Foods Public Co Ltd (CPF) is making a foray into the healthy food market by launching four frozen vegetarian menus under the Smart Meal brand to respond consumer’s modern life styles and plans to introduce more healthy foods under the Smart brand this year.
Sukhawat Dansermsuk, chief executive officer for food business and co-president of CPF, said the introduction of the health food range takes into account the needs of an ageing society.
CPF has developed health foods under Smart Meal, a new product group for those concerned about diet. There are four food categories under the Smart: Smart Meal with items such as vegetarian food; Smart Soup, for children, the elderly and those convalescing; Smart drink, covering beauty and healthy beverages; and Smart Sauce, with sauces and flavouring for specific consumer groups such as diabetics. The three latter product groups will be launched later.
In the first phase, four frozen menus will be on the shelf in modern trade outlets, hypermarkets and supermarkets, with 7-Eleven convenience stores to be added soon.