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Tag: Thammasat Business School

Dean of Thammasat Business School wins national researcher of the year award

Posted on by Thammasat University

The Dean of Thammasat Business School (TBS), Professor Ruth Banomyong, Ph.D., has been named National Researcher of the Year in Economics (2022) by the National Research Council of Thailand (NRCT).

On receiving the award, he expressed his hope that Thai business and industry will use his research as a model to further develop logistics infrastructure, connect and integrate supply chains in all dimensions, and increase the capacity of the Thai economy.

Prof Banomyong said that receiving the honor was a source of great pride. He is optimistic that the study would become a model for practical use in the development and optimization of logistics and supply chains.

The research has applications in many areas: development of universal logistics tools, indexes, calculation methods, geography characteristics, logistics policy, supply chain efficiency measurement, trade facilitation, and multi-form continuous transportation.

According to Prof. Banomyong, “Academic research is a kind of philosophy of life. This fact must be understood by anyone who wants to do research. What we want to see is that our work is valid and can be applied. Fortunately, my work has come at the right time: Thailand needs logistical knowledge, and there are many other opportunities in the region, and with the Asian Development Organization, ASEAN, the World Bank, the United Nations. This all gives a great opportunity for a university professor to play a role in turning research into policy. It’s a much more important factor than purely academic performance.”

“Logistics management is a new science for Thailand and countries in the region. (It is) bringing new knowledge which enables entrepreneurs to compete on the world stage. Such experiences travel to many regions around the world through research which also influences policymakers. To conduct research for the country is to contribute to its competitiveness, grow the economy, infrastructure, regulations, exports, imports, globalization, and help it manage shocks like COVID-19. Entrepreneurs are not equipped for that. The content of this research is important as an educational tool for entrepreneurs, both in the private sector and government.

“When we do research, we don’t focus on gaining trophies. We do it for cognitive growth, and ….so that our country develops competitively. Knowledge related to logistics and supply chains is very important. For example, the World Bank develops country scorecards to evaluate the quality of logistics on offer around the world. Currently, Thailand is poorly rated. What I’m doing is improving our logistics system to allow us to connect with the world, and to promote our country rankings.”

Professor Ruth ended by noting, “To successfully build on research, a collaboration between three main stakeholders is essential- the public, private and academic sectors. They must work together. We can also add in a fourth sector- local communities- which link all the other sectors together. All four parts lead to the development of the Thai logistics ecosystem, and can improve the economy and increase competitiveness.”

Thammasat Business School students win first prize at CFA Research Challenge in Thailand

Posted on by Thammasat University

Students from Thammasat Business School (TBS), Thammasat University, once again retained the champion of CFA Research Challenge in the Thailand Championship. This event is the stock analysis competition participated in by students from leading universities across the country to win the championship and become a national representative for international round.

Mr Athipat Siripongpat, a 4th-year student from Finance & Marketing, BBA International Program, Miss Chalermlak Tantiwiwatkul, Finance Major, Miss Darin Laocharoen, Finance Major, Mr Krittapas Siritapaneeya, Finance Major, and Mr Puttinat Krungkraipetch, Finance Major were part of the winning team.

Mr Athipat Siripongpat said “The case we received this year was the “PTG stock analysis” case which the main business is PT gas station.  We had only 10 minutes for report preparation and presentation. We set milestone planning by performing a preliminary analysis and determining the deadlines of each task. It is not easy to do an in-depth and full analysis as we were allowed to use only the existing public information.

The winner of the national round will be the representative of CFA Thailand and participate in the sub-regional, regional and global round. It has been a challenging 5-months competition. The CFA questions are different each year based on a wide range of industries, such as consumer goods, real estate and services.

This year’s question is PTG, which is in the energy industry. The challenge is the complexity and specific data of the energy industry, e.g., oil and gas value chain, marketing margin, and the retail price structure. It took us some time to have a clear understanding of the company and the energy industry.

Knowledge obtained from the BBA class was adopted for the challenging competition. The skills used mostly are from the finance classes, such as financial modelling for price evaluation and recommendation. In addition, economics is also used to analyze the overall direction of the economy.

“Our key success factor is teamwork and great collaboration. We realize that this game requires a lot of preparations. Working individually may save time but work as a team makes all of us understand everything more clearly, equally and simultaneously especially while we are trying to do an in-depth analysis of the information and to minimize errors as much as possible.” added Mr Puttinat Krungkraipet.

Thammasat Business School receives international award from AMBA & BGA

Posted on by Thammasat University

Thammasat Business School has received the “Best Lifelong Learning Initiative Award 2021” presented by the Association of MBAs (AMBA), a global accreditation body in MBA programmes, and Business Graduates Association (BGA), a global accreditation body in business school from the UK for introducing “Thammasat Model”. Thammasat University was the one and the only institution in Thailand and ASEAN to be ranked in the top 6 finalists.

Thammasat Model is one of the courses in the Integrated Bachelor’s and Master’s Degree Program (IBMP or 5-years Program). The third-year students with business and accounting skills will be sent to the community having the professors as the project advisors.

This initiative helps to promote the necessary lifelong learning skills for the community in order to enhance the career and quality of life. The three pillars of the  “Thammasat Model” are students, communities, and industry.

Professor Dr Ruth Banomyong, the Dean of Thammasat Business School, explained, “Thammasat Business School has encouraged students and graduates to apply the knowledge for improvement and development in each business sector, including the enhancement of community-based livelihood in order to create an impact thoroughly and sustainably on the global society. Hence, we have joined the Government Savings Bank and the Community Partnership Association (Puenchumchon) from Rayong Province to initiate “Thammasat Model” project as the prototype and guide to enhance the community enterprises.”

“The core principle of this model is to learn throughout life and sustainably. Students have been sent to over 170 community projects until now.”

“I feel so proud that Thammasat Business School is the first and only school in Thailand and ASEAN who has been nominated and won the Silver Award for “Best Lifelong Learning Initiative 2021” from Association of MBAs (AMBA), a global accreditation body in MBA program, and Business Graduates Association, a global accreditation body in business school from the UK. It has shown the new innovation of teaching extends its effectiveness not only to the level of students but also faculty, organization and external community,” said the Dean.