CP Group to launch “Forum for World Education 2022 – Changing Economy, Adjusting Education for Future Trends”

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CP Group to launch "Forum for World Education 2022 - Changing Economy, Adjusting Education for Future Trends"

CP Group to launch “Forum for World Education 2022 – Changing Economy, Adjusting Education for Future Trends”

WEDNESDAY, NOVEMBER 30, 2022

The “Forum for World Education 2022 – Changing Economy, Adjusting Education for Future Trends” is about to be launched for the first time in Thailand at the C.P. Leadership Institute between December 1st -2nd, 2022.

Senior president of the CP group, “Dhanin Chearavanont,” and executives from major corporations like Google, Amazon, and McKenzie, as well as educational leaders from the public and private sectors worldwide, including the deputy minister of trade and industry of Singapore, the OECD, the Kosen Institute from Japan, etc., are ready to brainstorm ideas, exchange experiences to change and develop education for the future 5.0, and meet the needs of the businesses. 

The Forum for World Education (FWE) holds an annual symposium called “Forum for World Education,” which was first conducted in Paris, France, in 2019 according to Dr Cheng Yan Davis, the organization’s co-founder and secretary general.

The 2022 Annual Conference or Forum for World Education 2022 will be held in Thailand this year by the World Council for Education. The conference will be held at the C.P. Leadership Institute, Pak Chong District, Nakhon Ratchasima Province, between December 1 and 2, 2022, with the cooperation of CP Group and Concordian International School.

More than 400 education experts from various nations will attend the meeting with global business executives who are focused on human development and education to discuss how to design education so that it serves the needs of the business sector in every nation. The conference’s theme for this year is “Economic Changes, Education Adapts to Future Trends” or “Shaping The Future of Education To Match Global Economic Trends,” with the intention of transforming education, developing capable human resources, and advancing the development of the world economy in the 5.0 era.

CP Group to launch "Forum for World Education 2022 - Changing Economy, Adjusting Education for Future Trends"

Mr Dhanin Chearavanont, senior president of the CP Group, will speak on the theme of “Challenge & Opportunities for the New Chapter of Education” at the FEW 2022 conferences. Additionally, Dr Tan See Leng, Singapore’s deputy minister of trade and industry, will conduct an online guest lecture on the topic of “Importance of education in preparing our workforce for the future” to discuss the government’s role in promoting education to prepare Singapore’s next generation. Discussing “Strategies for shaping the future of education in accordance with global economic trends” with leaders of major corporations is another forum topic.

The panelists include Mr Vikram Rao, Head of ASEAN Enterprise from Amazon, Dr Inoe Mitsuteru, Senior Executive Director, Kosen Institute Japan, Mr Collin Marson, Education Director, Google Asia Pacific, and Mr Li Kai Chen, Senior Partner and Managing Partner Mackenzie. Additionally, Mr Supachai Chearavanont, Chief Executive Officer, CP Group, will lead an educational conversation on the subject of “Educational Transformation & Human Capital Readiness to The World 5.0.” A panel discussion featuring Michael Bloomberg, the creator of the Bloomberg News Agency and a former mayor of New York City, Andreas Schleicher, the director general of the Organization for Economic Co-operation and Development (OECD), and others will also be held.

The FEW 2022 seminars are being hosted in Thailand, and they will be filled with challenging and fascinating meeting themes. Leaders from China, East Africa, Germany, India, New Zealand, Singapore, Switzerland, Taiwan, Thailand, and the United States of America will participate in a panel discussion to generate fresh suggestions for bringing about dynamic change in educational systems and the key issues that will shape the future. Academic sectors such as the top universities in the world, including Harvard University, University of Cambridge, The Wharton School, University of Pennsylvania, NYU Shanghai, etc., will attend the meeting as well.

The Forum for World Education (FWE) is a non-profit world organization with its headquarters in Cambridge, Massachusetts, United States of America. FWE aims to connect the education system with businesses as well as give corporate viewpoints on educational management to drive and alter education systems to fit the fast-changing global society and economic context.

The “Forum for World Education 2022 – Changing Economy, Education Adjusting for Future Trends” will be held online and on-site during December 1 and 2, 2022. The C.P. Leadership Institute, Pak Chong District, Nakhon Ratchasima Province, is where the on-site format is held. For the online participants, you can register and observe at www.fwe2022.com.

APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

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APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

WEDNESDAY, NOVEMBER 30, 2022

The 6th APCOM HERO Awards ceremony took place at the Australian Embassy in the center of Bangkok on the night of November 25 under the theme “Unity & Diversity”.

This inspirational event convened multi-national LGBTQI communities, non-profit organizations, embassies, public and private sectors, to celebrate the HEROs of the year who dedicated themselves for LGBTQI communities in Asia Pacific region.

“The Australian Embassy is proud to host the 2022 HERO awards event tonight, which recognises outstanding service in HIV response across Asia and the Pacific. We have supported APCOM’s work over many years. LGBTQI rights are human rights which we will continue to fight for in every forum.  The work of human rights defenders and civil society groups like APCOM is crucial to upholding LGBTQI rights across the region,” remarked H.E. Dr Angela Macdonald, Australian Ambassador to Thailand.

Standing for HIV, Equality and Rights, the APCOM HERO Awards is an annual event which acknowledges the region’s lesbian, gay, bisexual, transgender, queer and intersex (LGBTQI) communities and outstanding service to the HIV/AIDS response in Asia and the Pacific. The event is also a fundraiser for the APCOM Foundation, a leading NGO which works to fight HIV and advance LGBTQI health, rights and wellbeing across the Asia Pacific region. The Awards are being supported by a range of corporate sponsors, community organisations and diplomatic missions.

APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

APCOM Foundation in partnership with three community organizations, APN+, APTN and ILGA Asia, we proudly unveil the HEROs of the year 2022 below:

1. Business Ally: Foodpanda (Thailand)
The company that creates home for inclusion for all employees, a safe workplace that fully accepts employees’ identities.

2. Community Ally: Tebeio Tamton (Kiribati)
Advisor and Co-Founder of Boutokaan Inaomataia ao Mauriia Binabinaine Association (BIMBA)

3. Community Hero supported by ILGA Asia: Rosanna Flamer-Caldera (Sri Lanka)
The founder and Executive Director of EQUAL GROUND, one of the oldest and truly diverse LGBTIQ advocacy organizations pursuing LGBTIQ rights as part of the larger Human Rights framework in Sri Lanka.  

4. Community Organisation: Blue Sky Society Company Limited (Vietnam)
An organisation which creates a “home” for people living with HIV in Vietnam and provides necessary services for people who want treatment but do not dare to enroll in a public health treatment program for issues related to confidentiality.

5. Covid-19 Hero: Association of People Living with HIV/AIDS (APL+) (Lao PDR)
During the COVID-19 lockdown APL+ collected data and information from key populations to identify the issues to further plan for supporting key populations in the communities.

6. Health and Wellbeing: Dr Wong Chen Seong (Singapore)
A Consultant physician who co-created with members of key LGBTQI community-based organisations to provide healthcare workers across various sectors with the training to communicate with and serve LGBTQI patients and clients confidently and competently.

7. HIV Hero supported by APN+: Yasir Ali Khan (Pakistan)
A well-known person in the HIV sector as a PLHIV activist, who runs a support group with large numbers of key populations living with HIV, with expertise in harm reduction in Pakistan. 

8. Social Justice: Nada Chaiyajit (Thailand)
Human Rights Campaign Advisor who successfully won a case on uniform justice and set precedent for the legal principle regarding gender identity and expression in Thailand.

9. Transgender Hero supported by APTN: Rully Mallay (Indonesia)
She is a volunteer at the Transpuan Community in Yogyakarta Indonesia, and help organize communities, strengthen the capacity of organizational administrators and carry out economic empowerment in increasing community resilience from various vulnerabilities.

10. Young Achiever: Jeremy Tan (Malaysia)
Health, advocacy, and Youth Officer who empowers health organizations in Malaysia to integrate their healthcare model with HIV services such as testing, counselling, and referral of treatment.

11. Shivananda Khan Award for Extraordinary Achievement: Senator Risa Hontiveros (The Philippines)
Senator Risa Hontiveros is a health and women’s rights advocate, a proud activist, and a champion of the basic sectors. She is the Philippines’ first socialist woman Senator. Senator Risa Hontiveros is widely known and celebrated for her tireless work in promoting public health, the rights of women and other marginalized groups, including the LGBTQI+ community. 

For further interview: https://www.apcom.org/apcom-hero-awards-2022s-honourees-list/

APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

“Our Award recipients tell powerful stories of not giving up by creating a more inclusive, equal and just society. Despite the effect of Covid-19 extraordinary work is being done, and the HERO Awards is the platform to help highlight their efforts,” Midnight, APCOM’s Executive Director says.

The event gathered close to 300 participants physically and brought together celebrities, special guests, community representatives and advocates, members of Bangkok’s diplomatic, corporate and entertainment field to pay tribute to the extraordinary contributions of individuals and organisations who have improved the lives of LGBTQI people and people affected by and living with HIV throughout the Asia Pacific region. This year, Joe Chonlawit came back to be our special MC together with surprising Co-MC Anchilee Scott-Kemmis, Miss Universe Thailand 2021.

Michael Bäk, APCOM’s Private Sector Ambassador explained that “Today we celebrate to people whose dedication and passion help improve life, give hope, and create a positive impact for people living with HIV and LGBTQI communities across Asia Pacific. Our lives are better, healthier, and happier because the heroes we celebrate today have shown up and they have shown up every day. They should be recognized as the change makers, so let their works, their dedication, and their impact, inspire the policy and social change that we all deserve.”

APCOM HERO Awards 2022: A memorable night with real HEROs for LGBTQI communities in Asia Pacific

With fun cocktail reception and delicious canapes accompanied by fine wines, the glamorous evening featured famous stage show artists by Jay Team and Network of Music and Arts of Persons with Disabilities (NMAD), mini-concert by Silvy (Warner Music), extravaganza drag performances by Srimala and Minnie Minage, and Finale with a fashion show by Ton Sirisak. While at the filed guests enjoyed the exhibition of Body Positivity campaign run by APCOM, music in the garden, charitable auction and luck draw, and interactive booths from networks and sponsors.

This HERO Awards ceremony helps acknowledge outstanding LGBTQI and HIV advocates and allies from across Asia and the Pacific, and showcase their inspiring work they have been doing for the LGBTQI communities.

You can also be a HERO to contribute to #CoronaAPCOMpassion COVID-19 Emergency Fund to provide immediate responses needed by the grassroots LGBTQI communities who are significantly affected by the COVID-19 outbreak in Asia Pacific. 


For further information: https://www.apcom.org/apcom-staffs-donate-salaries-creates-coronaapcompassion/

#HEROAwards2022 #UnityandDiversity

More Safety for Vulnerable Road Users

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More Safety for Vulnerable Road Users

More Safety for Vulnerable Road Users

WEDNESDAY, NOVEMBER 30, 2022

Continental has joined forces with the outdoor clothing specialist Urban Circus to develop a highly Detectable Jacket that offers cyclists and pedestrians a new dimension of safety on the road.

As the daylight hours shrink, vulnerable road users like cyclists and pedestrians become more difficult to spot by the human eye and
vehicles alike.

In comparison to conventional high-visibility jackets, the Detectable Jacket is much better recognizable to the human eye.

It is also up to twice more visible to LiDAR (Light Detection and Ranging) and camera sensors of Advanced Driver Assistance Systems (ADAS), which constantly monitor the vehicles’ surroundings.

For this solution, the partners have bundled their competencies – Urban Circus its expertise in outdoor clothing that protects against darkness, wind and rain, and Continental its experience with vehicle sensors – and developed a safe, stylish jacket that is suitable for everyday use.

“Our ‘Vision Zero’ – zero fatalities, zero injuries, zero crashes – not only includes automobile users, but also focuses especially on vulnerable road users.

More Safety for Vulnerable Road Users

With the Detectable Jacket, a joint innovation from Continental’s own development and production service provider Continental Engineering Services and Urban Circus, the outdoor wear specialist, we are moving one further step closer to making urban traffic safer for VRUs,” Eric Vincelot, Head of Continental Engineering Services (CES) France says.

More visible to Human Eye and the Vehicle
The special arrangement of fluorescent and reflective inserts in the patented Urban-RPrint® technology fabric used for the Detectable Jacket is detected by on-board cameras and LiDAR systems faster and more reliably. To the eyes of the ADAS-sensors, the Detectable Jacket is up to twice more visible than conventional high-visibility vests.

Accordingly, the system can intervene faster and better, break or even stop completely. The size and position of the fabric inserts were chosen so that the sensors can directly detect the silhouette of a cyclist or pedestrian.

At the same time, the risk of dazzling the sensors and cameras was minimized. In addition, glass microbead technology increases visibility to the human eye by up to 300 meters.

This is made possible by the retroreflective Urban-RPrint® fabric, which is coated with thousands of micro-glass spheres and
can reflect light from vehicle headlights up to 300 meters away. As a result, cyclists and pedestrians are better protected from accidents with vehicles, even in the dark and in poor visibility.

Unparalleled Safety and Unbeatable Style
Urban Circus specialists have brought all their expertise in trendy, functional outdoor clothing to joint development. The Detectable Jacket is not only safe and innovative but also comfortable and
stylish. It is wind and waterproof, thus saving also from draughts and heavy rain.

Thanks to the water vapour permeability, the jacket is still breathable and wicks moisture caused by perspiration to
the outside, so that the wearer has a pleasantly dry feeling on the skin even during sweaty sports activities.

The jackets can now be ordered in Europe from this website.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation.

In 2021, Continental generated sales of €33.8 billion and currently employs more than 190,000 people in 58 countries and markets.

On October 8, 2021, the company celebrated its 150th anniversary.
Continental Engineering Services (CES) was founded in 2006, and as an agile and flexible engineering and production partner develops tailor-made, technologically sophisticated solutions for a wide range of applications, including automotive, railway engineering, aviation, shipping, mining and smart cities.

2,000 employees worldwide contribute their expertise and experience in the key technologies for automated driving, information management & connectivity, electrification and services in the field of multimodal mobility. This makes possible a new level of individual, safe and sustainable mobility.

Urban Circus develops high-visibility clothing that makes users feel confident so that everyone can experience the city freely. The brand is reinventing the unattractive “yellow vest” by relying on innovation and the desire to move with the times. If the law imposes high visibility clothing on two wheels, Urban Circus makes it a style”.

Discover the hidden splendour of the Long Coc tea valley

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Discover the hidden splendour of the Long Coc tea valley

Discover the hidden splendour of the Long Coc tea valley

WEDNESDAY, NOVEMBER 30, 2022

The Long Coc tea valley is in Phu Tho Province’s Tan Son District, roughly 125 kilometres from Hanoi. One of the most beautiful tea plantations in Vietnam, Long Coc is made up of hundreds of hills facing each other and is popular with tourists all year.

Between March and December, a green carpet of new tea plants grows here, evoking a sight full of vigour.

A birds-eye view of people working in the tea hills. From above, the vast area resembles a giant green carpet. VNA/VNS Photo Anh TuanA birds-eye view of people working in the tea hills. From above, the vast area resembles a giant green carpet. VNA/VNS Photo Anh TuanAerial view of the tea valley. VNA/VNS Photo Trung KienAerial view of the tea valley. VNA/VNS Photo Trung Kien

After the tea plants are harvested in December, the landscape of the tea hills will take on a kaleidoscope of colours, curves, and angles.

Those who enjoy snapping photos are drawn to the area because of the breathtaking dawn.

The hours between 4 and 5 in the morning, when the mist is still there, but the sun’s rays are just beginning to illuminate the scene, are often regarded as the best time to see the hills by many photographers.

Aerial view of the tea valley. VNA/VNS Photo Trung KienAerial view of the tea valley. VNA/VNS Photo Trung KienFrom above, travellers can enjoy the stunning views of the Long Cốc tea hills rising out from the mist. VNA/VNS Photo Trung KienFrom above, travellers can enjoy the stunning views of the Long Cốc tea hills rising out from the mist. VNA/VNS Photo Trung Kien

Visitors to Long Coc may also taste numerous appealing native delicacies and teas and immerse themselves in the cultural space of the Muong ethnic community.

Traditional Midland teaBat Tien tea, and Shan Tuyet tea are some of the region’s well-known beverages.

If you’re a nature lover who doesn’t want to spend too much time travelling but wants to get away from the city, a visit to Phu Tho’s Long Coc valley is a wonderful option for the weekend. 

Don’t panic! 10 positives from Thailand’s new wave of Covid-19

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Don’t panic! 10 positives from Thailand’s new wave of Covid-19

Don’t panic! 10 positives from Thailand’s new wave of Covid-19

WEDNESDAY, NOVEMBER 30, 2022

An expert on infectious diseases has revealed 10 positive facts about Thailand’s new wave of Covid-19 and Long Covid.

Dr Thiravat Hemachudha, head of Chulalongkorn University’s Information Centre for Emerging Infectious Diseases, shared these facts on his Facebook account on Wednesday:

1. The quicker and wider spread means this Covid-19 wave will end quickly.

2. Covid-19 infections with clear symptoms may be more beneficial in creating stronger future immunity than infections with no symptoms.

3. A combination of immunity from infection and vaccination is better than immunity from vaccination alone. (Thiravat added that he does not encourage people to get infected.)

4. Severity of symptoms depends on patients’ health, frequency of exercise, and diet.

5. The current surge in Covid cases will make people more aware and cautious.

6. Symptoms are likely to be weaker as the number of infected and vaccinated people has increased.

7. New Covid-19 variants and symptoms may not be linked to Long Covid symptoms (according to King’s College London).

8. Long Covid can be treated by exercising, getting sunlight, and eating a diet heavy in fruit vegetables and fish while reducing flour and meat.

9. The mix of coronavirus and other cold-season viruses will boost natural immunity to Covid-19.

10. Covid-19 will eventually become a weaker endemic disease if Thais strengthen their health.

The number of new confirmed cases soared to 4,914 last week, or 702 per day on average.

Patients severely ill with Covid currently number 553. Of these, 319 are on ventilators. Last week also saw an average of 10 Covid-related deaths per day or 74 in total.

Related stories

Explainer: Why does it take so long to get Thai nationality?

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Explainer: Why does it take so long to get Thai nationality?

Explainer: Why does it take so long to get Thai nationality?

WEDNESDAY, NOVEMBER 30, 2022

National taekwondo coach Choi Young-seok finally achieved his dream of becoming a full Thai national this year, after leading Thailand to Olympic glory. But people are still confused over why he had to wait 20 years to get Thai citizenship despite being a hero in his adopted country.

The Nation Thailand explains why it takes so long for foreigners like Choi to become fully Thai and enjoy all the benefits that come with citizenship.

2002: Coach Choi begins work in Thailand

The Taekwondo Association of Thailand employs Coach Choi on February 1, 2002.

Choi fits the job description as a former South Korean national taekwondo athlete with experience as coach of the Bahrain squad.

Coach Choi in practiceCoach Choi in practice

2004: First Olympic medal

Coach Choi takes over a national team that barely registers in international competitions, as taekwondo is not popular in Thailand. All that changes after just two years, when he leads Thailand to its first Olympic taekwondo medal as Yaowapa Boorapolchai wins bronze at the 2004 Athens Games.

Like many expats, Choi begins falling in love with Thai life, but he remains reluctant to renounce his South Korean citizenship.

The love is reciprocated by Thai people as Choi leads his athletes to medal success at every Olympics, culminating in Panipak Wongpattanakit winning Thailand’s first Olympic taekwondo gold medal at the 2020 Tokyo Games.

Apart from this, Thailand also won so many goal medals in the Asian Games that the origin country South Korea had to keep an eye on Thailand and Coach Choi.

Coach Choi and Panipak Wongpattanakit celebrated at the 2020 Tokyo GamesCoach Choi and Panipak Wongpattanakit celebrated at the 2020 Tokyo Games

2011: Submits application for Thai citizenship

After 10 years living and working in Thailand, Coach Choi finally takes the big step and notifies authorities of his desire to become a Thai citizen. He and his employer, the Taekwondo Association of Thailand, send in applications in 2011. But there’s a catch…

Coach Choi and Panipak Wongpattanakit at the Manchester 2022 World Taekwondo Grand PrixCoach Choi and Panipak Wongpattanakit at the Manchester 2022 World Taekwondo Grand Prix

2021: Gives up South Korean citizenship

Like many people living overseas, Choi has deep family ties back in his birth country. He knows that renouncing his South Korean citizenship would hurt the feelings of his grandmother. The law mandates South Koreans cannot hold dual citizenship.

But after his grandmother passes away, Choi takes the plunge and gives up Korean citizenship.

“I have stayed in Thailand for almost 20 years and I want to create a life in Thailand as my family lives here. My son is also happy here,” he said.

“My athletes and students are like my sons and daughters. When I am a Thai citizen, [I] will help develop taekwondo in Thailand.”

Choi says it will also be easier to set up a foundation for taekwondo when he becomes Thai.

“I have already decided that I want Thai nationality, I want to become a Thai person who earns a gold medal for Thailand, not a Korean who leads Thai athletes to the Olympic gold medal.”

Coach Choi and his sonCoach Choi and his son

Requirements for Thai nationality:

One of the reasons for the delay in getting Thai nationality was his refusal to renounce his original citizenship while he was travelling back and forth to South Korea to take care of his sick grandmother.

Once she passes away, he is free to get on with meeting the requirements for Thai citizenship under the Nationality Act.

The Nationality Act lists five requirements for people applying for naturalisation as Thai citizens:

  1. Must be at least 18 years old
  2. Well-behaved with a clean criminal record
  3. Minimum income of 80,000 baht per month (or 40,000 if married to a Thai citizen) with three years of unbroken work permits from Thai employer
  4. A minimum of 5 years permanent residency in Thailand
  5. Knowledge of the Thai language

The government can revoke Thai citizenship if there is evidence that the naturalised person is still using their former nationality.

Coach Choi and drawingsCoach Choi and drawings

February 3, 2022: Coach Choi finally becomes a Thai citizen

After passing all the requirements and having his application processed, the Royal Gazette finally announces that Choi Young-seok – now known by his chosen Thai name of Chatchai Choi – is a Thai national.

“I feel more relaxed now that I am completely Thai,” he said. “[I] do not have to apply for a visa, do not have to apply for a work permit in Thailand anymore.

“Now, I will buy a house for myself and my family,” Choi said, adding that he was looking forward to voting just like other Thais.

As well as owning property and ditching the work permit and visas, naturalised Thais like Choi can also start a business and hold over 49% of shares in a Thai company.

Mission Complete!Mission Complete!

Related stories

Rashford double downs Wales to send England into last 16

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Rashford double downs Wales to send England into last 16

Rashford double downs Wales to send England into last 16

WEDNESDAY, NOVEMBER 30, 2022

Reuters

Marcus Rashford’s second-half double propelled England to a 3-0 win over rivals Wales on Tuesday (November 29) that sent the Three Lions into the World Cup last 16 as Group B winners and ended Welsh hopes of reaching the knockout stage.

The encounter came to life when Rashford curled home a free kick from the edge of the area in the 50th minute before Phil Foden arrived unmarked at the far post to sidefoot Harry Kane’s cross into the net a minute later.
 

Rashford then inflicted a final blow when he cut inside and somehow managed to find the net with a shot that went through the legs of goalkeeper Danny Ward in the 68th.

The win moved England to seven points and set up a tie against Senegal in the next round, while Wales finished bottom with one point as their first World Cup in 64 years ended without a victory and only one goal scored in three games

EnglandEngland England fans celebrate at boxpark Wembley after the matchEngland fans celebrate at boxpark Wembley after the match

Reuters

Financial transaction tax is poorly timed, industry group warns

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Financial transaction tax is poorly timed, industry group warns

Financial transaction tax is poorly timed, industry group warns

WEDNESDAY, NOVEMBER 30, 2022

Now is not a good time to impose a financial transaction tax on stock trades, according to the Federation of Thai Capital Market Organisations (Fetco).

Fetco chairman Kobsak Pootrakool made the comment on Tuesday after the Cabinet approved a Finance Ministry proposal to levy a financial transaction tax on trades on the Stock Exchange of Thailand (SET).

Calls to tax SET traders have been made for decades, but governments have downplayed them and cited the need to support market development.

The Cabinet’s move, which stipulates that SET investors have to pay a tax equivalent to 0.1% of share sales, will come into effect 90 days after the draft royal decree issued under the revenue code is announced – likely, sometime in the second quarter of next year.

However, during the first year, the tax will be only 0.055% of share sales.

In a Facebook post, Kobsak said Fetco had submitted an open letter to Finance Minister Arkhom Termpittayapaisith on May 5 arguing against the move.

He said that volatility in stock, bond, gold, currency and cryptocurrency markets since last year was discouraging investors and that this volatility would likely remain for some time.

Kobsak also argued that the possibility of a global economic crisis should be considered and that some countries are already experiencing economic distress.

The SET’s liquidity has dropped sharply, he added.

“I would like to confirm that it is not [the right] time to impose a financial transaction tax for stock trades,” he wrote.

Fetco’s open letter argued that a financial transaction tax for stock trades would severely damage the market by discouraging investment.

The letter cited studies from other countries that said such taxes resulted in delaying retirement by two to three years as investors waited to reach their retirement threshold.

Fetco said the new tax would raise costs for market makers, typically large brokers, on issuing or developing new products, which would weaken the competitiveness of the SET.

“Stock markets in developed countries prefer taxation exemptions because they reduce impacts on savings and encourage wider public investment and innovative development,” Fetco said.

Fetco said the tax would significantly dampen investment decisions, especially at a time when volatility was affecting capital markets globally due to the pandemic, the war in Ukraine and rising interest rates.

The cost of raising capital will rise when market liquidity decreases, causing listed companies to slow or reduce their investments in business expansion, resulting in lower profits, reduced productivity and lower gross domestic product.

“Corporate tax will also decrease accordingly because these companies will have less money to pay,” Fetco said, adding: “The downside will be especially severe for smaller companies with very limited funding options.”

Related stories:

AWS launches “WeloveNFT”, the first NFT ticketing system in Thailand

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AWS launches “WeloveNFT”, the first NFT ticketing system in Thailand

AWS launches “WeloveNFT”, the first NFT ticketing system in Thailand

WEDNESDAY, NOVEMBER 30, 2022

Consumers will be assured of no fraud and fairness when a new NFT is applied to ticket system for travel, entertainment, etc.

Thailand’s leading IT solution and digital technology provider Advance Web Service Plc (AWS) recently introduced the country’s first Non-Fungible Token (NFT) ticketing system, aiming to raise the bar for booking tickets and promote the tourism and entertainment industries.

The company’s NFT ticketing system was launched under the brand “WeloveNFT” at the Thailand Software Fair 2022, held at Bangkok International Trade & Exhibition Centre (BITEC) in Bangna district from November 24-27.

AWS’s CEO Wiroj Sirirattanarak said the company has harnessed its 15-year experience as an IT solution provider to develop a blockchain ticketing system that can be used across several industries. “By combining our existing brand of “WeloveBooking” with blockchain and NFT technology, our new “WeloveNFT” platform is utilising NFT in verifying ticket ownership and preventing problems such as counterfeiting, ticket lost, damaged or stolen,” he said. “NFT ticketing system also enables businesses to provide exclusive rights and benefits to ticket buyers such as the use of VIP lounges and other private services, as well as access to NFT collections, which can be traded or exchanged via NFT marketplaces.”

AWS launches “WeloveNFT”, the first NFT ticketing system in Thailand

Highlights of NFT ticketing that uses blockchain technology are as follows:

  • Enable businesses to design their NFT collection to add value to existing products and services, especially for tickets to special or exclusive events.
  • Allow users to buy, sell, and exchange NFT collections and tickets on global NFT marketplaces, such as Opensea.
  • Businesses can choose to grant either lifetime or one-time rights to VIP customers.
  • Allow hybrid use with other e-ticketing systems under one unified platform.
  • Combine total ticketing solutions in one platform, from creating, selling, verifying and delivering tickets.
  • Can verify ticket ownership using the reliable blockchain system.

Wiroj added that NFT ticketing system will help businesses connect to the world of Web 3.0 by building an ecosystem for NFT products and services, and help owners create brand loyalty among VIP clients and NFT collectors. Businesses such as hotels, concert organisers, museums, learning centres, travel and related services will greatly benefit from the NFT ticketing system.

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Crypto domino effect pending as FTX brings down BlockFi: Thai expert

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/digital-assets/40022594

Crypto domino effect pending as FTX brings down BlockFi: Thai expert

Crypto domino effect pending as FTX brings down BlockFi: Thai expert

WEDNESDAY, NOVEMBER 30, 2022

Cryptocurrency lender BlockFi, which filed for bankruptcy protection this week, is among the first victims of a domino effect caused by the collapse of Bahamian cryptocurrency exchange FTX earlier this month, according to a Thai crypto expert.

Sanchai Popli, CEO of Cryptomind Advisory Ltd, said on Tuesday it remained to be seen whether the domino effect would cause a catastrophic impact on the cryptocurrency market.

“I believe several crypto operators are at risk of bankruptcy, especially those who have been borrowing digital assets at a ratio far higher than their own assets,” he said. “Also, investors affected by these collapses will have to wait a long time for the debt settlement process before they can get their money back.”

Thailand has become a major crypto-trading hub in Asia, logging over US$100 billion in transactions per year. Thai crypto traders lured by the high-risk asset were badly burned when local exchange Zipmex froze withdrawals after being caught in the market meltdown earlier this year.

BlockFi filed for Chapter 11 bankruptcy protection on Monday, becoming the latest industry casualty after being hurt by exposure to the collapse of FTX, Reuters reported on Tuesday.

The filing in a New Jersey court comes as crypto prices plummet. The price of bitcoin, the most popular digital currency by far, is down more than 70% from its 2021 peak.

FTX filed for protection in the US earlier this month after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.

FTX bought BlockFi in June this year for $25 million, 99% lower than the company’s estimated value of $4.8 billion.

BlockFi said its liquidity crisis was due to its exposure to FTX via loans to Alameda, a crypto trading firm affiliated with FTX, as well as cryptocurrencies held on FTX’s platform that became trapped there. BlockFi listed assets and liabilities of between $1 billion and $10 billion, Reuters reported.

BlockFi now has $256.5 million in cash on hand. The company insisted that it would continue paying employees’ salaries and would employ a cost-reduction strategy to maintain the company’s stability.

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