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Krungsri works to expand base of mobile app users

Bank of Ayudhya says it has created a three-pronged strategy to expand the customer base of its Krungsri Mobile Application.

First it has encouraged use of the app by both new and current customers by focusing on university students and the bank's payroll-service customers. Second, it says it will develop and research financial innovations that will make customers' lives easier.

Finally, the bank has incorporated every product and service of its subsidiaries' businesses into the app including personal loans, automobile loans and credit cards.

It has also assured customers of maximum safety of the online channel, while making it easy to use at the same time.

Philip Tan, president of Bank of Ayudhya, said transactions via its electronic channels had grown by 26 per cent since last year, with more than 17.4 million transactions quarterly or about 6 million per month.

The number of Krungsri Mobile Application users now totals 550,000, up 40 per cent when compared with the second quarter.

In the third quarter, the number of customers using Krungsri SMS banking totalled 1.6 million, an increase of 12 per cent from the previous quarter. For Krungsri Online the number was 750,000, up 20 per cent.

Visitors to the krungsri.com website numbered 15 million, up 40 per cent from the second quarter, and to its social networks (Facebook and Twitter) 700,000, up 22 per cent.

Hitachi announces air-conditioning JV with US firm

Johnson Controls, Hitachi Ltd and Hitachi Appliances have signed a non-binding memorandum of understanding for a transaction in which Johnson Controls will obtain a 60-per-cent stake in Hitachi Appliances' global air-conditioning business, excluding sales and service operations in Japan and certain other assets.

Johnson Controls is a diversified US-based technology and industrial firm. The companies expect the joint venture to begin operations next year, subject to final due diligence and board approvals, definitive agreement on terms, required regulatory approvals and other customary conditions.

The partnership will include key products such as Variable Refrigerant Flow (VRF) and inverter technologies supporting both the commercial and residential markets. The joint venture is meant to combine Johnson Controls' global reach with Hitachi's technological expertise.

"Technology leadership derived from its ongoing investments in research and development have established Hitachi as a key contributor to the global HVAC [heating, ventilation and air-conditioning] industry," said Alex Molinaroli, president and chief executive officer of Johnson Controls.

"The addition of these capabilities adds key technologies to our product portfolio. Combined with our existing US$15-billion [Bt483 billion] building technologies and services business, this investment positions Johnson Controls as the world's largest commercial air-conditioning provider."

Bids for initial phase of Dawei project 'to be invited Dec 20'

International developers can bid for contracts on the Dawei Special Economic Zone in southern Myanmar's Tanintharyi region starting on December 20, Xinhua reported yesterday.

The news agency quoted Myanmar Transport Minister Han Sein, chairman of the Management Committee of Dawei Special Economic Zone, as saying that this tender was for the initial phase of the project and it would open on March 31. Project work is set to begin on May 15.

He also said cooperation would be sought from other partners beyond Thailand, mainly with Japanese consortia and other international investors and developers.

The project's size has been reduced to 196 square kilometres covering six villages from 204.5 square kilometres covering 16 villages. The project will be implemented in two phases - initial and full-fledged.

The initial phase will cover nearly 20 square kilometres or 10 per cent of the overall project, which is estimated to take five years, Aye Myint, chairman of the Special Work Committee for Implementation of Dawei SEZ and minister of labour, employment and social security, told Xinhua.




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