On September 4, 2022, Bangkok governor Chadchart Sittipunt, Bangkok Metropolitan Administration’s committees, and executives from Phayathai, Phatumwan and Nong Khaem district offices have mutually launched the project called “Mai Te Ruam” or “Do not randomly mix food wastes” in order to raise Bangkok citizen’s awareness toward the proper food waste separation and to promote the consistent collaboration among the government, private, and civil sectors.
On this occasion, brand-new waste sorting trucks specifically designed for food waste storage were also officially launched in 3 initiative areas of Phayathai, Pathumwan and Nong Khaem districts. Anna Sueangam-iam, Miss Universe Thailand 2022, was appointed to be the ambassador of this project.
Event attendees included several honored guests from various sectors, such as Piyaporn Sankosik, Managing Director of TPN Global Co., Ltd, and a license holder of Miss Universe Thailand, management team of Miss Universe Thailand, and Supaluck Umpujh, Chairwoman of The Mall Group Co., Ltd.
Mr Jirayut Srupsrisopa, Founder & Group CEO Bitkub Capital Group Holdings Co., Ltd. also attended the “Mai Te Ruam” project opening event as one of the important policy-driven parties.
Mr Jirayut said “Bitkub Capital Group Holdings Co., Ltd. and subsidiary are delightfully appreciated to be one of the initiative partners of this project. Bitkub is ready to advocate this policy so as to sustainably solve the waste management issue and to help raise the appropriate waste management consciousness for a better and livable society. Concerning the aforementioned statement, we would like to internally respond to the policy by helping strengthen everyone’s awareness toward the appropriate means of food waste and recyclable waste management including the proper practice on waste sorting process, not only in our organizations but also spreading awareness to our partners. Most importantly, we also use innovations like NFTs to persuade people to join our project in order to create sustainable and efficient outcomes.”
The Nation Group joined up with Zendai Foundation recently to help communities living in remote districts of Phayao province under the “Nation x Zendai Sharing Project”.
The project aims to promote education and strengthen communities, especially in remote parts of the country.
The project kicked off on Saturday, with volunteers from both sides delivering learning materials, sports equipment and apparel, chickens, solar-powered water pumps and streetlights to villagers in Phayao’s districts of Dok Kham Tai, Phu Kamyao, Pong, Chiang Kham and Phu Sang.
Volunteers delivered 350 chickens to villagers in Dok Kham Tai and Phu Kamyao, so they can be raised for eggs and children can be provided with nutritious meals.
The learning materials, sports equipment and apparel were donated to two schools in Chiang Kham district. Sportscaster Bell Khobsanam was also present to offer football tips and techniques to school children.
Two solar-powered water pumps were delivered to villagers in Pong district to help irrigate more than 5,000 rai of farmland. The volunteers also installed solar-powered streetlights in Phu Sang district’s Don Moon village to boost traffic safety at night.
Nation Group’s CEO Shine Bunnag said that apart from maintaining journalistic ethics, the group will also give underprivileged people easier access to education so they can better their quality of life.
“This goal aligns with that of Zendai Foundation, which has been working with communities in remote areas to address the lack of basic facilities. Hence, we are collaborating under the ‘Nation x Zendai Sharing’ project to achieve our shared goal,” he said.
Phuwakorn Srinian, vice president of Zendai Foundation, said: “We began our humanitarian work during the Covid-19 crisis to ensure people in remote areas received necessary protection and treatment. We discovered that many areas still suffered disparity and lack of access to quality healthcare, education and career training.
“So, our group adopted the goal of eliminating this disparity through volunteer work and donations. Over the past year, more people have joined us to work for the betterment of our society.”
Nation Group plans to expand the “Nation x Zendai Sharing Project” to cover more remote communities in Thailand.
Taiwan is one of the most important global machine tool suppliers, with an annual production value of over US$3 billion, ranking No. 5 in exports and No. 7 in manufacturing around the world. At the same time, Thailand is known for its industrial strength in automotive engineering and has a huge demand for machine tools. Taiwan’s machine tool companies specialize in various customized, automated, and intelligent machine tool manufacturing, making them a partner that can revolutionize industrial processes.
In order to promote further cooperation between Thailand and Taiwan in the field of Smart Manufacturing, the Bureau of Foreign Trade (BOFT) Taiwan, R.O.C., and the Taiwan External Trade Development Council (TAITRA) invited Taiwan Excellence award-winning companies including Chin Fong, Da Jie, Jainnher, and Tongtai to demonstrate their intelligent manufacturing solutions in the “Taiwan Excellence Driving a New Revolution in Smart Manufacturing Webinar” on September 1, 2022, at 10:00 a.m. (GMT+7).
Mr. Wen-Hsien Hsu, Chairman of the Taiwan Machine Tool & Accessory Builders’ Association delivered the welcome remarks.
Mr. Wen-Hsien Hsu, Chairman of the Taiwan Machine Tool & Accessory Builders’ Association, stated in the opening remarks that Taiwan has an advanced information and communication industry with extensive software and hardware integration capabilities, allowing Taiwan to quickly introduce smart elements to machine tool products. This means that Taiwan has the mobility and flexibility to produce high precision, high-tech and high value-added products at a competitive price to meet the needs of global buyers. In addition, Taiwanese companies are not only starting from the design end by introducing lightweight design, cutting edge materials and processes, but are also adjusting the manufacturing end to reduce waste and carbon emissions through green manufacturing, helping the supply chain to realize sustainable value.
Eric Lin, Regional Sales Manager of Chin Fong Machine Industrial Co. Ltd. presented its latest model, the ST1 Straight Side Single Crank Press, which perfectly combines the features of traditional presses and optimizes the structural design and side opening, making it ideally suited to automated production. Its C-frame structure is optimized to a straight column type which improves rigidity and accuracy, while also extending the tool’s life. Additionally, Mr. Lin introduced the iForming System, a framework connecting the press machine’s cloud with users’ smartphones/computers, which not only enables remote monitoring, but also gets maintenance notices in advance to avoid machine shut-downs.
Eric Lin, Regional Sales Manager for Chin Fong Machine Industrial Co. Ltd. presented on the subject of “Intelligent Forming Press”.
Crystal Sung, Senior Sales Specialist for DA JIE ELECTRICITY MACHINERY INDUSTRIAL CO., LTD., introduced the New Generation High-efficient Power-saving Inverter Heating Machine for Equalizing Bar (DJ-W3600VI), which complies with EU RoHS international certification. It is suitable for general purpose automobile steel, and can heat the steel to 950 degrees within just one minute, which is ten times faster than competing products. The mold-changing and heating design provides customers with both great strength and precision. Moreover, it increases productivity by 40%, while saving 54% of power in automated and intelligent production lines.
Crystal Sung, Senior Sales Specialist for DA JIE ELECTRICITY MACHINERY INDUSTRIAL CO., LTD. spoke on the topic of “Inverter Heating Machine for Equalizing Bar”.
Herbert Qiu, Oversea Sales Engineer for JAINNHER MACHINE CO., LTD., presented the Centerless Grinder (JHC-12, 18, 20, 24) which is mainly used for manufacturing automobile and motorcycle parts, round bars, and mold parts. The machine is equipped with an NC/CNC digital control system which improves production efficiency. He also introduced the Thread Grinding Machine (JHT-4010CNC) which is mostly used to manufacture high precision parts. It achieves dimension accuracy within 0.002 mm. and is equipped with an NC/CNC numerical model making it compatible with various robot arms, thereby enabling automation.
Herbert Qiu, Oversea Sales Engineer for JAINNHER MACHINE CO., LTD. presented on the subject of “Focus on Smart Manufacturing: Let Jainnher Provide the Most Suitable Precision Grinding Solutions for Your Industry”.
Shirley Wang, Sales Representative from Tongtai Machine & Tool Co., Ltd., stated that the TD series (Multi-Tasking Turning Center) is highly recommended to manufacturers who have machining and turning needs. The turning centers save not only floor space, but also increase the machining efficiency and precision. Their advantages include a single power turret for the turning and milling process, a 75-degree lathe structure enabling good chip removal and controllability and low machine gravity center, allowing the overall structure to have good rigidity. Lastly, the X/Y/Z-axis are orthogonal to each other, ensuring exact straightness and positioning accuracy.
Shirley Wang, Sales Representative from Tongtai Machine & Tool Co., Ltd., focused on the topic of “Make a Move to Intelligent Manufacturing”.
The webinar attracted about 90 people who registered online, including professional mechanical media, such as Manufacturing Review and M Report, and mainstream media, such as Bangkok Post, Khaosod, and Matichon and well-known companies such as CP All. People who are interested in more of Taiwan’s smart manufacturing solutions are welcome to visit Taiwan Excellence’s Digital Pavilion (https://world.taiwanexcellence.org/en).
● Please click on the following link to watch the “Taiwan Excellence Driving a New Revolution in Smart Manufacturing Webinar” if you missed it: https://www.youtube.com/watch?v=V816WxL2S3o ● For further details about the Taiwanese companies in attendance, please visit the following link: https://sites.google.com/view/smart-manufacture/home ● To fill out the post-event survey questionnaire: https://reurl.cc/xQLgG1 ● For more information, please visit Taiwan Excellence’s website: https://www.taiwanexcellence.org/tw ● Should you require any further details, please email: chou@taitra.org.tw or demhaeid@taitra.org.tw ● For more information, please contact the Taiwan Trade Center, Bangkok (TAITRA) via telephone +66(2)6514470 or email: bangkok@taitra.org.tw
Bangkok, September 3, 2022 – Bitkub Chain, the blockchain network developed by Bitkub Blockchain Technology, aiming to be the digital infrastructure for both public and private sectors, achieved the 1st prize in Technology Awards Category (Blockchain) and the 2nd prize in Consumer Category at the Thailand ICT Awards (TICTA) 2022 contest.
Thailand ICT Award 2022 (TICTA) is a contest project emphasized on finding the invention of technological software and allow the participants to demonstrate their full potential of the project development.
Bitkub Chain achieved awards in two categories as follows:
1. Technology Awards Category (Blockchain): First prize. This category covers blockchain with focus on online transaction network and shared, immutable ledger that facilitates the process of recording transactions and tracking digital assets.
2. Consumer Category: Second prize. This category covers digital product and services directly related to customers such as entertainment, tourism, welcome service, logistic, banking and finance.
Bitkub Chain will be the representative for Thailand’s blockchain infrastructure to compete in the next stage at the “Asia Pacific ICT Awards 2022”. With regards to the vision, Bitkub Chain thrives to be the digital infrastructure for mass adoption in Thailand that provides utility globally and democratizes opportunities for everyone.
A 120-billion-baht mega-project, “One Bangkok”, will be the first large-scale property development project in central Bangkok that features new design standard and follows sustainable construction practices under the concept of circular economy.
The 104-rai (16.64 hectares) project is coming up on the corner of Wireless and Rama IV roads, co-developed by Frasers Property Limited in collaboration with the country’s leading construction material conglomerate, Siam Cement Group (SCG). The project aims to create premium office buildings, hotels and retail spaces as well as luxurious residential buildings with combined usable area of 166,400 square metres.
Both companies recently signed a memorandum of understanding (MoU) to manage the project using sustainable construction practices under the circular economy principles in four aspects: Use of precast walls made from recycled concrete from foundation piles, use of Q-CON sound barriers made from recycled lightweight bricks, waste management in the construction site, and turning food waste into fertiliser.
The MoU aims to reduce the use of resources and manage the waste created by the construction and building maintenance, a challenging task in a large-scale construction project in urban areas. Both Frasers Property and SCG hope that their cooperation will help raise construction industry standards in terms of sustainability that can be applied to projects of any scale.
Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, said: “One Bangkok is a masterpiece project of Frasers Property that strives to set a new standard in design and sustainability for Thailand’s property landscape. We have been working with SCG, our strategic partner in creating value to the project by laying a groundwork for sustainable construction under the circular economy principles.”
“This endeavour is in line with Frasers Property’s goal of achieving net zero carbon emission target within the year 2050 under the company’s sustainability policy,” he said.
“Frasers Property is committed to driving the industry forward by integrating environmentally friendly practices and social responsibility into our value chain that covers investment, design, development, and operation of our property projects. We aim to achieve efficient usage of energy and resources while using modern techniques and tools to tackle energy- and environment-related problems,” he added.
Nithi Patarachoke, president of SCG’s cement-building materials business, said: “The expansion of the construction business in Thailand has resulted in increasing amount of waste materials. As a leading manufacturer and distributor of building materials, SCG is implementing the circular economy principles by developing new products and services that help minimise construction waste. For example, we have come up with a new concrete mix formula to manufacture ready-to-use concrete sheet from leftover concrete from construction sites.”
“Under SCG’s holistic construction waste management plan, we believe that the One Bangkok project can help raise the standard of the construction industry to be more environmentally friendly by becoming the ‘Green Construction’. This will help promote the sustainable development of Thailand’s infrastructure in the future, due to the simple concept of ‘turning waste to value’,” he added.
The MoU signed by Frasers Property and SCG covers four aspects of sustainable construction management:
▶︎ Using scrap concrete from cutting foundation piles to manufacture precast walls for use in the One Bangkok project
The move aims to reduce waste and dust particles from the construction site by implementing a new crushing technique on foundation piles’ caps that will allow the scrap concrete to be recycled into precast walls to be installed as the external wall of buildings in the One Bangkok project.
▶︎ Holistic construction-waste management plan
Frasers Property has assigned SCG to be responsible for the sorting and management of wastes from the construction site of One Bangkok, including construction waste, toxic waste and food waste from the start of the project. SCG will use the latest technology to track the amount of waste in real time to plan a waste management strategy accordingly and ensure efficient waste management throughout the construction site.
▶︎ Use of leftover lightweight bricks to manufacture Q-CON sound barriers
SCG will use aggregating machines to turn leftover lightweight bricks into a mixture to manufacture Q-CON sound barriers to be fitted at the tunnel wall leading to One Bangkok’s entrance. This will be Thailand’s first commercial-scale use of recycled concrete waste to make Q-CON sound barriers.
▶︎ Use of food waste composter machine to turn food waste into fertiliser
The One Bangkok project will install food-waste composters that are widely used by leading establishments worldwide to turn food waste into soil fertiliser for the project’s gardens and parks. These composters operate in a closed-circuit system to minimise unwanted odour and can decompose food waste into fertiliser in 10 hours. The finished fertiliser has been tested for safety, is free of germs and contains necessary minerals as per the Department of Agriculture’s requirements. In the early phase, the composters will be used mainly to manage food waste from construction camps, while later when the project finishes, they will be installed throughout the project areas.
To emphasise its commitment to becoming an environmentally friendly and socially responsible project, One Bangkok will also join the Thailand Sustainability Expo 2022, which will be held at the Queen Sirikit National Convention Centre in Bangkok from September 26 to October 2. Organised under the concept of “Sufficiency for Sustainability”, the expo will feature exhibitions, seminar sessions on sustainability, showcases of world-class innovations for society and the environment, as well as a variety of activities.
One Bangkok is a 120-billion-baht fully-integrated district and Thailand’s largest private property development project, comprising five premium office buildings, five luxury and lifestyle hotels, three luxury residential towers, four interconnected retail precincts, and art and cultural hubs located on a 104-rai (16.7-hectare) plot at the corner of Wireless Road and Rama IV Road.
One Bangkok aims to achieve Thailand’s first LEED for Neighbourhood Development Platinum standard. Additionally, all five premium office towers and a residential tower will be built to WELL Platinum standards, setting a new benchmark for green and sustainable developments for Thailand.
The first phase is scheduled for opening in the last quarter of 2023 with full completion in 2026.
TMB Thanachart Bank says it will compensate customers who were affected by the two-day outage of its ttb touch mobile banking app.
In an announcement posted on its website on Saturday, the bank apologised for the disruption to app services on Thursday and Friday.
The announcement said although the app is back online, the backlog of transactions might mean certain users find it hard to access mobile banking services.
The bank advised those who experience difficulty logging in to wait for a moment before trying again.
It also announced the following four measures to compensate users of the app:
– The issuing fee for new TMB debit cards will be exempted this month.
– Current debit card holders will have their annual fee reduced to reflect the two-day app outage.
– Customers who carry out inter-bank ORFT (Online Retail Funds Transfer) transactions at TMB ATM machines will be exempted from fees throughout this month.
– Customers who use the app to pay monthly instalments will be compensated in two cases:
Those who make loan repayments to TMB will be exempted from late-payment penalties and interest incurred during the two-day downtime.
Bangkok, September 2, 2022 — Bitkub Blockchain Technology, the blockchain service provider and Bitkub Chain developer, under cooperation with XRB, the leading animation and 3D visualization effect developer, announced the Bitkub Metaverse teaser with a big step to unlock the visual world.
Bitkub Metaverse, the land beyond imagination, opened for you to enjoy the new dimension of experience. It will be a place consisting of many businesses, entertainment, tourism, culture and education. Bitkub Metaverse will utilize a state-of-the-art technology like web3 and blockchain to provide a futuristic experience. The concept of Bitkub Metaverse is inspired by the galaxy and universe called “XRB”, and it will be one of the planets in the XRB universe.
The story of XRB Galaxy is designed and written by the XRB team on Bitkub Metaverse Official Whitepaper as follows: In the future, Earth will lack the necessary resources to sustain life. In a desperate attempt for survival, Mankind devised a plan to experiment with different species to increase their unique abilities for life on other planets. These species’ primary purpose is to find resources from other planets. One species, rabbits, could cultivate. Unfortunately, their spaceship was struck by the most powerful alien mineral, “Carotium.” However, the rabbits gained unrivaled evolutionary powers from this collision and landed on Mars! The rabbits have created a Colony on their new home planet. They have evolved and become the Universe’s greatest cultivators. A new star of hope was born. 10,000 years have passed, and Mars is now the “center” of the Universe. Various alien races across the galaxy come to Mars for refuge to guarantee their survival.
A 120-billion-baht mega-project, “One Bangkok”, will be the first large-scale property development project in central Bangkok that features new design standard and follows sustainable construction practices under the concept of circular economy.
The 104-rai (16.64 hectares) project is coming up on the corner of Wireless and Rama IV roads, co-developed by Frasers Property Limited in collaboration with the country’s leading construction material conglomerate, Siam Cement Group (SCG). The project aims to create premium office buildings, hotels and retail spaces as well as luxurious residential buildings with combined usable area of 166,400 square metres.
Both companies recently signed a memorandum of understanding (MoU) to manage the project using sustainable construction practices under the circular economy principles in four aspects: Use of precast walls made from recycled concrete from foundation piles, use of Q-CON sound barriers made from recycled lightweight bricks, waste management in the construction site, and turning food waste into fertiliser.
The MoU aims to reduce the use of resources and manage the waste created by the construction and building maintenance, a challenging task in a large-scale construction project in urban areas. Both Frasers Property and SCG hope that their cooperation will help raise construction industry standards in terms of sustainability that can be applied to projects of any scale.
Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, said: “One Bangkok is a masterpiece project of Frasers Property that strives to set a new standard in design and sustainability for Thailand’s property landscape. We have been working with SCG, our strategic partner in creating value to the project by laying a groundwork for sustainable construction under the circular economy principles.”
“This endeavour is in line with Frasers Property’s goal of achieving net zero carbon emission target within the year 2050 under the company’s sustainability policy,” he said.
“Frasers Property is committed to driving the industry forward by integrating environmentally friendly practices and social responsibility into our value chain that covers investment, design, development, and operation of our property projects. We aim to achieve efficient usage of energy and resources while using modern techniques and tools to tackle energy- and environment-related problems,” he added.
Nithi Patarachoke, president of SCG’s cement-building materials business, said: “The expansion of the construction business in Thailand has resulted in increasing amount of waste materials. As a leading manufacturer and distributor of building materials, SCG is implementing the circular economy principles by developing new products and services that help minimise construction waste. For example, we have come up with a new concrete mix formula to manufacture ready-to-use concrete sheet from leftover concrete from construction sites.”
“Under SCG’s holistic construction waste management plan, we believe that the One Bangkok project can help raise the standard of the construction industry to be more environmentally friendly by becoming the ‘Green Construction’. This will help promote the sustainable development of Thailand’s infrastructure in the future, due to the simple concept of ‘turning waste to value’,” he added.
The MoU signed by Frasers Property and SCG covers four aspects of sustainable construction management:
▶︎ Using scrap concrete from cutting foundation piles to manufacture precast walls for use in the One Bangkok project
The move aims to reduce waste and dust particles from the construction site by implementing a new crushing technique on foundation piles’ caps that will allow the scrap concrete to be recycled into precast walls to be installed as the external wall of buildings in the One Bangkok project.
▶︎ Holistic construction-waste management plan
Frasers Property has assigned SCG to be responsible for the sorting and management of wastes from the construction site of One Bangkok, including construction waste, toxic waste and food waste from the start of the project. SCG will use the latest technology to track the amount of waste in real time to plan a waste management strategy accordingly and ensure efficient waste management throughout the construction site.
▶︎ Use of leftover lightweight bricks to manufacture Q-CON sound barriers
SCG will use aggregating machines to turn leftover lightweight bricks into a mixture to manufacture Q-CON sound barriers to be fitted at the tunnel wall leading to One Bangkok’s entrance. This will be Thailand’s first commercial-scale use of recycled concrete waste to make Q-CON sound barriers.
▶︎ Use of food waste composter machine to turn food waste into fertiliser
The One Bangkok project will install food-waste composters that are widely used by leading establishments worldwide to turn food waste into soil fertiliser for the project’s gardens and parks. These composters operate in a closed-circuit system to minimise unwanted odour and can decompose food waste into fertiliser in 10 hours. The finished fertiliser has been tested for safety, is free of germs and contains necessary minerals as per the Department of Agriculture’s requirements. In the early phase, the composters will be used mainly to manage food waste from construction camps, while later when the project finishes, they will be installed throughout the project areas.
To emphasise its commitment to becoming an environmentally friendly and socially responsible project, One Bangkok will also join the Thailand Sustainability Expo 2022, which will be held at the Queen Sirikit National Convention Centre in Bangkok from September 26 to October 2. Organised under the concept of “Sufficiency for Sustainability”, the expo will feature exhibitions, seminar sessions on sustainability, showcases of world-class innovations for society and the environment, as well as a variety of activities.
One Bangkok is a 120-billion-baht fully-integrated district and Thailand’s largest private property development project, comprising five premium office buildings, five luxury and lifestyle hotels, three luxury residential towers, four interconnected retail precincts, and art and cultural hubs located on a 104-rai (16.7-hectare) plot at the corner of Wireless Road and Rama IV Road.
One Bangkok aims to achieve Thailand’s first LEED for Neighbourhood Development Platinum standard. Additionally, all five premium office towers and a residential tower will be built to WELL Platinum standards, setting a new benchmark for green and sustainable developments for Thailand.
The first phase is scheduled for opening in the last quarter of 2023 with full completion in 2026.
(September 2, 2022) The NT State Enterprise Union group submitted an appeal to the President of Chulalongkorn University requesting an investigation on research services of Chula Unisearch, in the matter of the business merger between True Corporation PCL and Total Access Communication PCL or Dtac.
Prof Dr Parichart Sthapitanonda, Vice President for Academic Affairs and Social Outreach at Chulalongkorn University, was delegated to receive the document on this occasion.
The appeal stemmed from the news that the National Broadcasting and Telecommunications Commission (NBTC) had hired Chula Unisearch to perform a study and analysis of the business merger between True and Dtac for a sum of 10 million baht. Subsequently, parts of the study were disclosed and it appeared that there was broad public criticism of the quality and standards of the work with the following issues:
1. The issue of NBTC’s powers of consideration according to the law
Chula Unisearch had the opinion that NBTC, despite being an independent organization under the Constitution with the authority and obligations to regulate broadcast and telecommunications businesses, but however lacked the authority to approve or disapprove the business merger on this occasion. It is only able to specify conditions or specific measures to enforce. Also, the results of the study also stated that the Announcement of NBTC in the matter of measures to oversight on Telecom business mergers of 2018 was a secondary law with without the basis of legal authority established by the original law. Therefore, the authority to consider the merger was under the oversight of the Trade Competition Commission Thailand.
This opinion was severely criticized for being in complete conflict with the opinion of the NBTC Subcommittee which had been appointed with a former Arbitrator at the Supreme Administrative Court, a former High Court judge, and an academic from the Faculty of Law involved with teaching and research in trade competition law. It was also in violation of the order of the Central Administrative Court in Case Black no. 775/2565, which stated clearly that NBTC has the legal authority to consider approval or disapproval of this business merger, if it was seen to be causing a monopoly, or reducing or limiting competition in telecommunications. Also, the Trade Competition Commission had also previously affirmed that the merger of these telecom businesses was in the authority of NBTC, according to its establishing laws.
2. Issue of business merger impact analysis
It is well known and of great interest to the general public that the business merger between True and Dtac is one of the largest ever mergers in the country’s history. It will give rise to a new company with market share in mobile phones of over 50%, in terms of both users and revenues, as well as industry. Most importantly, it will reduce big operators in the market, which currently has severe competition between three operators, to just two. This is a state of monopoly, impacting service users who will shoulder the burdens of more expensive service charges. The two big service providers will have no further incentive to compete, particularly on price. In a study from TDRI, a large number of academics from all around the country, consumers associations and organizations, and the general public have expressed opinions objecting to the merger or disagreeing with it. Even the study of NBTC’s Economic Subcommittee, established for this express purpose, had an opinion in the same direction.
However, it appeared that the opinion of Chula Unisearch had failed to demonstrate an analysis or opinion on this impact in any clear way. Moreover, it had the characteristic of inclining in favour of the merger, by invoking various benefits such as economies of scale, more efficient access to network signal, better coverage, building resilience into the network quality, and providing greater convenience to consumers from an increased number of after-sales service outlets, etc. All of these points are the benefits of the service provider and overlook the severe impacts on the general public of service users. This report, besides having issues of research quality and professionalism, also raised doubts and suspicions about its ultimate objective, as to whether it really was fulfilling the needs of the Office of NBTC, its client, or vested interests in this business merger, if it comes to fruition.
The NT State Enterprise Union group were acting as concerned members of the public with this criticism which had occurred. Chulalongkorn University is an institution with a long-standing high reputation among educational establishments, as a leading national center of knowledge, producing personnel with quality and ethics, to bring prosperity and progress to the country and benefit the people. It is also a highly credible organization with the trust of the people for over 100 years since its foundation. Issuing studies or reports in the university’s name implicate the university and the reputation of other faculties. Operations should be circumspect and neutral according to universally accepted academic principles. They should be able to justify their opinions, the results of their research and or object constructively. This particularly applies to research or reports with impacting on the general public of mobile phone service users, who are most people in the country.
Therefore, the NT State Enterprise Union group requested the university to conduct an investigation on procedure for taking on work, and on the research procedures or academic research reports from Chula Unisearch. These should be transparent and according to academic principles and the principles of research. They should be conducted in an appropriate time frame, and they should yield quality results without any suspicions attached, to maintain the good reputation of Chulalongkorn University.
Thailand’s PTT Exploration and Production (PTTEP), a national petroleum exploration and production company, is selling off its operations in Brazil.
The company on Thursday reported to the Stock Exchange of Thailand that its overseas-based subsidiaries, PTTEP Netherlands Holding Coöperatie UA and PTTEP Brazil Investment BV, on Wednesday signed an agreement to sell all PTTEP investments and transfer all its obligations in PTTEP Brazil Investments in Oil and Gas Exploration and Production Limitada (PTTEP BL), which is registered in Brazil, to Ubuntu Engenharia e Serviços Ltda.
The sale is expected to be completed within this year.
PTTEP is a subsidiary of Thailand’s state-owned oil and petroleum giant PTT Plc.
When completed, the sale of PTTEP BL marks the end of PTTEP’s operations in Brazil, which is part of the company’s rationalisation of its investment portfolio to comply with its strategies.
PTTEP BL owns 25 per cent of the offshore Barreirinhas AP1 crude oil exploration and production project and a 20 per cent interest in the BM-ES-23 project, both in Brazil.
Mr. Wen-Hsien Hsu, Chairman of the Taiwan Machine Tool & Accessory Builders’ Association delivered the welcome remarks.
Eric Lin, Regional Sales Manager for Chin Fong Machine Industrial Co. Ltd. presented on the subject of “Intelligent Forming Press”.
Crystal Sung, Senior Sales Specialist for DA JIE ELECTRICITY MACHINERY INDUSTRIAL CO., LTD. spoke on the topic of “Inverter Heating Machine for Equalizing Bar”.
Herbert Qiu, Oversea Sales Engineer for JAINNHER MACHINE CO., LTD. presented on the subject of “Focus on Smart Manufacturing: Let Jainnher Provide the Most Suitable Precision Grinding Solutions for Your Industry”.
Shirley Wang, Sales Representative from Tongtai Machine & Tool Co., Ltd., focused on the topic of “Make a Move to Intelligent Manufacturing”.
SootinClaimon.Com 