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Lao Students Gain Technological Insights While Traveling on Laos-China Railway

Lao Students Experience Comfort, Technology of Laos-China Railway
Lao students prepare to board the EMU train in Vientiane, Laos, on 21 June 2023. (Photo by Kaikeo Saiyasane/Xinhua)

Lao students from Chomphet secondary school in Vientiane had the opportunity to learn more about the Lane Xang electric multiple units (EMU) trains on the Laos-China Railway on Wednesday while enjoying a scenic trip.

Indonesia Revokes Visa-Free Entry for Non-ASEAN Countries

Indonesia Revokes Visa-Free Entry for Non-ASEAN Countries
FILE: Tourists in Indonesia (photo: Associated Press)

The Indonesian government has suspended visa-free entry for citizens of 159 countries and territories, citing concerns about public order and the potential transmission of diseases.

Capgemini to boost its cloud and digital end to end transformation offerings in Japan with acquisition of BTC

Acquisition supports the Group’s growth ambition in the Asia-Pacific region

PARIS, FRANCE – Media OutReach – 23 June 2023 – Today Capgemini announced that it has signed a share purchase agreement (SPA) to acquire BTC Corporation (BTC), a leading cloud and digital services provider in Japan. The acquisition will enable Capgemini to further build its cloud and digital capabilities in the country to meet client demand for its end-to end services.

Founded in 2002 and headquartered in Tokyo, BTC comprises a 500+ strong team of highly skilled professionals that enables organizations to solve their most complex challenges with agile and efficient development. Its offerings focus on cloud integration related services to support the digital transformation journeys of its clients, who include several international and local brands.

“As a trusted business and technology transformation partner to organizations, Capgemini is acquiring BTC to strengthen our ability to enable clients in Japan to run their entire business in the cloud, with all the flexibility and sustainability benefits that this brings,” said Shinichi Tonomura, Chairman of the Board of Capgemini Japan and member of the Group Executive Committee. “This acquisition is a clear indication of our commitment to invest in Japan and the Asia-Pacific region. I am delighted to welcome BTC to the team.”

“Our two organizations are highly complementary. Clients as well as team members will benefit from this acquisition. BTC will bring to Capgemini our deep cloud and digital expertise to augment its portfolio of services in Japan. While at the same time Capgemini’s scale and breadth of end-to-end services will offer significant added value to BTC’s clients,” said Ken Sugiyama, CEO of BTC. “In addition, providing an environment to maximize our employees’ potential has always been a key priority for us at BTC. Joining the Capgemini Group will open-up numerous new opportunities for our team members to expand and develop their careers globally.”

The transaction is subject to customary conditions precedents, including foreign investment regulatory filing, and is expected to close in the coming months.
Hashtag: #Capgemini #BTC #cloud #digital

The issuer is solely responsible for the content of this announcement.

Capgemini

Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of nearly 360,000 team members in more than 50 countries. With its strong 55-year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of cloud, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2022 global revenues of €22 billion.

Get The Future You Want |

Foes of Myanmar’s Military Regime Applaud New US Sanctions, but Want Action to Block Gas Revenues

Military officers march during a parade to commemorate Myanmar's 78th Armed Forces Day in Naypyitaw, Myanmar, on March 27, 2023. Opponents of Myanmar's military government are applauding fresh financial sanctions imposed by the United States on the Southeast Asian nation. But they want to see further measures to pressure its ruling generals to restore peace and democracy. (AP Photo/Aung Shine Oo, File)

BANGKOK (AP) — Opponents of Myanmar’s military government applauded fresh financial sanctions imposed by the United States on the Southeast Asian nation but called Thursday for further measures to pressure its ruling generals to restore peace and democracy.

KBTG establishes its third IT base in Vietnam, seeking additional personnel to strengthen its workforce in support of KBank’s Regional Digital Expansion strategy, gearing up for becoming the best tech company in the region

BANGKOK, THAILAND – Media OutReach – 23 June 2023 – KASIKORN Business-Technology Group (KBTG) has established KBTG Vietnam – its third stronghold in the Asian region, aiming to recruit IT talent for market expansion in Vietnam and other countries within AEC+3 in the drive to support KASIKORNBANK’s Regional Digital Expansion strategy. The company expects to attract more than 500 workers within the next three years in order to drive KBTG to be at the forefront in the regional tech industry. The move will also support KBank’s goal of being one of the top 20 banks in Vietnam within 2027.

Ms. Kattiya Indaravijaya, KBank Chief Executive Officer, said, “The AEC+3 holds significant importance as a large consumer market. Its economy has been driven largely by its young populace. The expansion of the Vietnamese digital lifestyle sector will be the main thrust for regional growth going forward. KBank has thus pressed ahead in expanding its presence in the region in order to help broaden opportunities for Thai businesses while delivering excellent service experience to local retail and SME customers. Guided by our Regional Digital Expansion strategy that focuses on technological development, strong workforce, investment in startups and key strategic businesses, KBank aims to build up a business and technological network in order to deliver a positive digital service experience to local users with greater flexibility. The move will allow KBank to become the Regional Digital Bank of the new era and eventually one of the best 20 banks in Vietnam within 2027.”

Ms. Voranuch Dejakaisaya, KBTG Executive Chairman, said, “KBTG never ceases in developing our business operations in order to support KBank’s strategy of broadening its presence in the ASEAN region through digital banking services. We are ready to cope with the ‘talent war’ challenge in Thailand. KBTG has thus adopted a proactive strategy in recruiting high-caliber personnel to help drive KBank’s business expansion both domestically and regionally.”
Following the implementation of its overseas personnel recruitment strategy, KBTG has noted that aside from its IT personnel, Vietnam is home to ASEAN’s top students in STEM fields (Science, Technology, Engineering, Mathematics). Accounting for the cultural similarities between Vietnam and Thailand, KBTG has established KBTG Vietnam Company Limited or KBTG Vietnam in Ho Chi Minh City to facilitate KBank’s technology development for the provision of services in both Vietnam and elsewhere in the region. KBTG Vietnam is the second branch of KBTG in ASEAN, and the third branch in Asia after KBTG in Thailand and K-Tech in Shenzhen, China. KBTG expects that the company will add more than 500 new positions within the next three years, allowing it to become a regional tech company by 2025, as targeted.
KBTG’s solid operation bases and competent personnel in Thailand, China and Vietnam will allow the company to leverage its synergy and amalgamate the offices’ potential and expertise to advance KBTG’s technical capacities and important skills, including AI, blockchain, supply chain and coding methodology, thus allowing KBank to create a complete financial experience for customers in Thailand, Vietnam and other countries in the region.

Mr. Thanussak Thanyasiri, Managing Director, KBTG Vietnam, said, “KBTG Vietnam’s key mission is software development, creation of financial innovations and new technologies to facilitate KBank’s business operations and business customers in Thailand, Vietnam and other ASEAN countries, with the important goal of becoming Vietnam’s top technology company by 2025.”
KBTG Vietnam’s goals in 2023 are aimed at recruiting the first group of 200 IT personnel to develop software for KBank and international businesses, jointly upgrading the K PLUS Vietnam application – KBank’s flagship product with over 600,000 existing users, and major digital banking platform supporting expansion of its customer base in Thailand with a target of more than 1.3 million by 2023. Additionally, it aims to enhance capability in expanding K PLUS to other countries across the region. Focus is also on KBTG Vietnam’s software development and delivery based on the “3S” principles: Speed, Scale, and Sustainability, along with adoption of world-class software methodology and tech capability with quality equal to KBTG in Thailand, and application of case studies worldwide. KBTG Vietnam recently established its second office in Hanoi to access potential tech talents and to facilitate employees in different cities preferring to work outside of Ho Chi Minh City.
Persons interested in working with KBTG and KBTG Vietnam can view more details and available job positions at www.kbtg.tech/en/kbtg-vietnam.

Hashtag: #KBTG #KBTGVietnam #KASIKORNBANK #KBank #Banking #RegionalExpansion


The issuer is solely responsible for the content of this announcement.

About KBTG

KASIKORN Business-Technology Group (KBTG) is a tech arm of KASIKORNBANK. At KBTG, we never cease to develop and innovate financial technologies. We are the driving force behind KBank’s success. Our wide-ranging online banking services are equipped with sound infrastructure and strong barriers capable of safeguarding customers’ valuable assets and data, while pioneering world-class innovative digital services like MAKE by KBank. Utilizing our expertise in the FinTech business, combined with the new generation’s outside-the-box thinking, KBTG aims to transform itself into the best tech organization of Southeast Asia by 2025.

Over 100,000 Tourists Enter Laos via Bokeo Province in 2023

The Golden Triangle Special Economic Zone of Laos, Thailand and Myanmar (Photo: TTR Weekly)

From January to May 2023, Bokeo province reported that 116,142 tourists entered across the 4th Lao-Thai International Friendship Bridge and through the Golden Triangle Special Economic Zone Border Checkpoint.

BOL Gives More Flexibility to Commercial Banks on Foreign Currency Exchange

BOL Gives More Flexibility To Commercial Banks on Foreign Currency Exchange
(Stock Photo)

The Bank of Laos has issued a notice to provide better flexibility in foreign currency exchange rates to commercial banks as the LAK’s value continues to plummet.

Topcast Appoints Wolfgang Tatzer as New CEO

Wolfgang Tsatzer appointed as CEO, following recent leadership transition
Wolfgang Tatzer joins with more than 30 years’ experience in aviation, most recently as President of Telair International

HONG KONG SAR – Media OutReach – 23 June 2023 – Topcast, a world-leading aircraft parts distributor and MRO (maintenance, repair and overhaul) service provider, today announced that Wolfgang Tatzer has been appointed as Chief Executive Officer.

Wolfgang brings more than 30 years’ experience across prominent companies in the aviation industry. Most recently, he was President of Telair International, the world’s leading supplier of aerospace cargo loading solutions. Prior to this, he spent more than a decade at Satair, overseeing product management teams with responsibility for some of the largest product lines of the Satair portfolio of aircraft system OEM’s supporting full scale global distribution contracts.

Wolfgang Tatzer said: “I am excited to be joining Topcast at a time of significant strategic momentum. The business managed well throughout what was, undoubtedly, a difficult period for the sector and is now well positioned for growth. I look forward to working closely with the team to continue to build Topcast into a world-class aircraft parts distributor and MRO services provider through market expansion and superior customer service.”

Alex Emery, a Non-Executive Director at Topcast, added: “In Wolfgang we have found a seasoned industry leader with decades of relevant experience who will help Topcast continue to serve as a reliable partner with strong product knowledge and local expertise. I look forward to working with Wolfgang and the rest of the team to take Topcast to the next level.

“I’d like to thank Joyce Lee for her leadership of the company over the past eight months, during which she served as interim CEO and Head of Commercial in addition to her role as CFO, and drove a number of significant initiatives.”

The appointment comes at a period of significant growth for the business, following a rebound of air travel across Asia. In light of the market recovery, Topcast has launched several new business initiatives and signed new partnerships including rebuilding the APEC sales team, driving business expansion in Americas, and promoting and retaining talent.

Hashtag: #Topcast

The issuer is solely responsible for the content of this announcement.

Topcast

Founded in 1991 and headquartered in Hong Kong SAR, Topcast is a world-leading trustworthy aircraft parts distributor and MRO service provider. We offer exceptional OEM and aftermarket aircraft parts, equipment and repair services for a broad range of aircraft types. With our strong global network, we have more than 20 offices across Asia-Pacific, Americas, Europe, the Middle East and Africa, connecting suppliers with customers in all segments for over 90 countries. Please visit .

Funds advised by Permira, the global private equity firm, acquired a majority stake in the business in September 2019.