Opportunities and questions around facial recognition technology

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Facial recognition is an AI-powered tech advancement that provokes a range of opinions. This artificial-intelligence-enabled technology has significantly changed the game for security and surveillance; including helping in the finding of missing persons, capturing culprits, and preventing crimes. Meanwhile, privacy concerns are increasing globally, and the risk and vulnerabilities of systems if misused are leading causes in the criticism of facial tracking artificial intelligence. While acknowledging these concerns, what makes facial recognition security worthy of consideration?

Opportunities and questions around facial recognition technology

To grasp the implications of the technology, it is essential to understand its applications. Facial recognition can be applied to diverse industries, but the two main reasons for its consideration are:

–    Recognizing and ensuring that the correct face is identified for biometric security implementations in mobile phones, banking facilities, and residential spaces.
–    Identifying and tracking people for surveillance and security purposes, which is facilitated by CCTV cameras, airport security alarms, etc.–usually used to prevent or catch crimes.

Opportunities and questions around facial recognition technology

Installing facial recognition systems can effectively transform day-to-day activities, simplifying and speeding up tasks that can change the way we live. On one end, this can mean ensuring easy and safe access to your residential building, but–in regards to saving lives–hospitals and municipalities can install these systems to allow ambulances and first respondents to gain access in the least time consuming manner. For example, NtechLab, a leading face recognition software company and the creators of the highest biometric matching accuracy, according to Biometric Update, demonstrate how their technology goes beyond single-object analysis to secure vehicle number plates as well as performing facial identification that can save many lives by speeding up entry verification processes.

Opportunities and questions around facial recognition technology

A natural question is whether facial technology can lead to surveillance misuse and invasion of privacy? It’s worth taking into account that most technologies today, such as GPS systems, microphones and microchips in phones, cars, and smart watches, are equally capable of gathering and disseminating data. The reason these are generally well accepted is because of the laws that regulate them and features that require user permissions. In order to obtain data, a signed user consent or a police or court order might be required. While facial recognition technology is a relatively new advancement, wariness of the technology itself can halt innovation, while in cases where it is deployed, the technology can provide benefits. For instance, according to NtechLab, across various use cases, its technology has helped solve 50,000 crimes, find more than 5,000 missing people, recover a stolen million-dollar painting in under 24 hours, and decrease burglaries and car thefts by 85%. NtechLab also says that implementing its facial recognition softwares in physical stores has led to the prevention of 100,000 shoplifting cases, protecting more than an estimated $10 million. When implemented in retail and e-commerce, facial recognition payment systems are a boon for protection, as biometrics provide top tier security. They can also be used to gather data to better understand target markets, such as collecting the average age and numbers of men and women who enter a store. 

Opportunities and questions around facial recognition technology

“NtechLab’s face recognition system delivers nearly absolute precision in ideal conditions, reaching 99.99% accuracy at 0.1 seconds detection speed. The software’s algorithms can find faces and provide highly accurate results, even if there are significant age-related changes, a beard, mustache, glasses, a medical mask, or any other means of partial face concealment,” Liana Meliksetyan, Chief Commercial Officer at NtechLab shared at the Techsauce Global Summit 2022 in Thailand. The technology can work with data from real-time video streams or large photo and video archives, supporting an unlimited number of video streams and face database entries.

Opportunities and questions around facial recognition technology

NtechLab’s CEO Alex Minin told The Verge, “When carefully orchestrated, the system is not only harmless to regular people, it helps a lot in catching terrorists, criminals, pedophiles and pickpockets by aiding police to identify them in seconds and locate and capture them in hours instead of days and weeks… The software itself doesn’t break any laws or do any harm.”  

Opportunities and questions around facial recognition technology

Published : September 06, 2022

By : THE NATION

Sustainable rice project lifts incomes of smallholder farmers in Thailand

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https://www.nationthailand.com/business/pr-news/40019769


19,000 farmers see incomes increase by over 20% through successful public-private partnerships between Olam Agri, and German and Thai government bodies. GHG emissions were reduced by 21% through the project

Sustainable rice project lifts incomes of smallholder farmers in Thailand

The Market Oriented Smallholder Value Chain (MSVC) programme, one of the largest sustainable rice projects in Thailand, is close to completion and has successfully helped 19,000 Thai smallholder farmers increase their net income by more than 20% and reduce Greenhouse Gas (GHG) emissions from farming by 21%.

It received the highest sustainability recognition, the Farm Sustainability Assessment (FSA) Gold Level, by the Sustainable Agriculture Initiative (SAI) Platform earlier this year.

The programme, which started in 2016 with 77 farmers, aimed primarily at improving the lives of resource-poor rice farmers in the Northeastern provinces of Ubon Ratchathani and Surin in Thailand and increasing the production of sustainable and high-quality rice from these regions.

The programme exceeded expectations by enrolling 20% (3,000 farmers) more farmers than originally planned and had the additional benefit of improving the inclusion of women farmers who make up 60% of participating farmers.

In addition to a 21% reduction in GHG emissions, the programme has also improved water quality by 14%.

Sustainable rice project lifts incomes of smallholder farmers in Thailand

“Smallholder farmers are an important pillar of Thailand’s national economic development and integral to food security in the country, but many occupy a weak position in the supply chain. In line with our purpose to transform agriculture for a more sustainable future, we are actively working with GIZ and the Thai Rice Department on the ground to help improve the lives of these smallholder rice farmers and make the rice supply chain more resilient and environmentally sustainable,” said Paul Nicholson, Vice President for Rice Research and Sustainability, Olam Agri.

“We believe in the importance of connecting the market with farmers and fully support market-driven production through capacity building among farmers and systemising sustainable rice cultivation practices. The implementation of MSVC project over the past years enables smallholder farmers in Thailand to enhance market competitiveness and access sustainable market-oriented smallholder value chains,” said Atthawit Watcharapongchai, MSVC Thailand Project Director, GIZ.

Thanks to MSVC, food producers and retailers in Europe, the U.S. and around the world will have access to more than 50,000 metric tonnes (MT) of rice that has been cultivated sustainably, to the highest food international safety standards and that can be traced back to the thriving farmer communities in Thailand.

MSVC is a collaboration between Olam Agri, German development cooperation Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and Thai government authority Thailand Rice Department.

Sustainable rice project lifts incomes of smallholder farmers in Thailand

The partners cooperate within the framework of the German Federal Ministry for Economic Cooperation and Development’s (BMZ) programme develoPPP, a funding instrument for sustainable company initiatives.

“The sustainable development and well-being of the Thai farmers are the ultimate goals of the Thai Rice Department. In partnership with GIZ, Olam Agri, and other private sector players, the MSVC project was jointly implemented to introduce the Sustainable Rice Platform’s (SRP) Standards and sustainable practices to rice farmers in Thailand. Through this initiative, the Thai Rice Department hopes to encourage the adoption of sustainable rice farming and improve farmer livelihoods in Thailand. I would like to thank the project players as well as rice farmers for their kind cooperation and contributions to Thai rice farming.” Said  Apichart Pongsrihadulchai, the former Director-General of the Rice Department and the advisor to the Director-General of the Rice Department.
 

Published : September 05, 2022

Thailand heightens its healthcare hub ambition with integrative medicine

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https://www.nationthailand.com/business/pr-news/40019768


With a strong healthcare and wellness infrastructure and a reputation for highly-skilled professionals, Thailand is more than ever ready to realize its goal to become “The World’s Medical and Wellness Hub”.  

Thailand heightens its healthcare hub ambition with integrative medicine

Living with the Covid-19 pandemic, people start to recognize the equal importance of modern medicine and preventive practices in maintaining their good health and wellbeing.

Thailand has pushed toward providing comprehensive and holistic healthcare services to serve the rising consumer demand for the overall treatment of the body and mind.

In 2021, Thailand has been ranked 5th place in the world, and 1st place in Asia, in the Global Health Security Index by John Hopkins University for its pandemic response capacity.

The Health Care Index 2021 by CEO World magazine has ranked Thailand in 13th place based on overall health factors.

Affordable costs, high-quality medical professionals, world-class healthcare facilities and superb wellness services have propelled the demand for Thailand’s medical and wellness services from abroad.

Before the coronavirus pandemic, the value of medical tourism in Thailand amounted to around nine billion U.S. dollars in 2019 and was forecast to reach approximately 24.4 billion U.S. dollars in 2027, according to Statista. Among the most sought-after medical services are general medical care and surgeries, sophisticated orthopaedics, in vitro fertilization, dental care and physical check-up.

“The growth in strength of the healthcare sector in Thailand has been supported by highly qualified and attentive medical personnel and world-class standard facilities.

Of more than 370 hospitals and medical facilities, 60 of them are accredited by the US-based Joint Commission International (JCI) as of December 2021, making the country top-five in the world in terms of the number of JCI-accredited healthcare facilities,” said Joel A Roos, Vice President of International Accreditation, Quality Improvement and Safety in an interview with the International Travel & Health Insurance Journal.

Building on a strong foundation,  the country aims to promote ten areas of medical and wellness services including regenerative and anti-ageing sciences, alternative medicine, cardio science, musculoskeletal, dental clinic, In Vitro fertilization, cancer treatment, surgeries, ophthalmology (cataract) and precision medicine.

Traditional therapeutic treatment such as Thai massage and herbal medicine has increasingly gained worldwide recognition. Many hospitals in Thailand have bridged the gap between medical treatment and preventive care, making healthcare more effective and comprehensive.

The country has also earned itself a reputation as “The Spa Capital of Asia” for its top-rated wellness experience that blends a variety of traditional healing practices with state-of-the-art health and wellness technologies.

Banking on the growing awareness of alternative healthcare’s benefits, especially the preventive and holistic healing effects, the Thai government has initiated Green Medicine to innovate from its rich heritage of traditional medicine. More scientific research is being conducted to validate and develop traditional herbs for recognition and integration into modern healthcare services.

It’s high time to embrace modern and traditional solutions for a healthier and happier life.

Published : September 05, 2022

Gender equality can not wait 132 Years : Mary Kay

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https://www.nationthailand.com/business/pr-news/40019724


Below is a statement by Julia A. Simon, Chief Legal and Chief Diversity & Inclusion Officer, Mary Kay Inc., on the release of the 2022 World Economic Forum’s Global Gender Gap Report.

Gender equality can not wait 132 Years : Mary Kay

According to a sobering finding from the World Economic Forum’s 2022 Global Gender Gap Report, gender parity is beyond reach in our lifetime. In fact, it will take 132 years for gender equality to become a reality and 151 years to close the economic participation and opportunity gender gap.

Not a single country from the 146 examined has reached parity.

That’s the bad news.

The good news? There’s still time to change all that. The 2022 findings have shaken me, but they have not deterred me. Nor should they deter you.

Gender equality is a prerequisite not only for human development—but sustainable economic growth. A rich body of data shows that without gender parity it is impossible to reduce poverty, attain food security, address climate impacts, or ensure a more peaceful and inclusive society. Gender parity isn’t a “nice to have.”

It’s also not just a perk of developed nations. It is an essential requirement for all countries to develop and prosper.

To mitigate further backsliding, the structural barriers limiting women’s labour market participation, including their re-entry and retention in the workforce following Covid-19, must be addressed.

Targeted policies which support women’s talent development in the industries of the future, and which accelerate their advancement to leadership and management positions, are also needed.

The private sector has a critical role to play in addressing gender gaps in the workplace and in developing the pipeline of women for leadership positions.

As a company founded by a barrier-breaking businesswoman almost 60 years ago, this is personal to Mary Kay.

In 2019, Mary Kay signed the Women’s Empowerment Principles (WEPs) and in 2021 the company became a Commitment Maker to the Generation Equality Forum Action Coalitions to accelerate progress on gender equality to advance the Sustainable Development Goals.

Mary Kay is participating in the 2022-2023 UN Global Compact Target Gender Equality accelerator programme to continue the implementation of ambitious corporate targets for women’s representation and leadership in the company and in our supply chain.

Leading by example and reflecting our belief in increased women’s inclusion, Mary Kay is putting our values and commitments into action:

Women’s Representation and Leadership at Mary Kay (Data from August 2022):

62% of our Global Workforce are Women
50% of our Executive Team are Women
53% of our Vice Presidents and above are Women
57% of our Directors and above are Women
59% of our Managers and above are Women
70% of our Market Leaders are Women
60% of our Leaders in our Top 10 Markets are Women

Gender-Responsive Procurement & Supplier Diversity at Mary Kay (U.S. only supply chain data from February 2021):

66% of our Procurement Team are Women
12% of our Indirect Suppliers are Women, Minority or Veteran-Owned
5% of our Direct Suppliers are Women, Minority or Veteran-Owned
Our 10-year Sustainability Strategy, titled Enriching Lives Today for a Sustainable Tomorrow, pursues a holistic approach to advancing gender equality and women’s empowerment with the following key commitments to achieve by 2030:

Economically empower 5 million women worldwide

Ensure access to education for 250,000 women and girls globally
Provide over 10 million women worldwide with gender-based violence support services, and

Develop a 10-year policy agenda to address women’s rights
Inspired by our mission as an entrepreneurship development company founded by a woman for women, we are committed to advancing women’s entrepreneurship and dismantling the barriers to women’s economic empowerment.

We brought this vision to the United Nations in 2019 and, together with 6 UN agencies, we incepted the Women’s Entrepreneurship Accelerator (WEA) to create an enabling ecosystem for women entrepreneurs.

The time to act is now. Sitting on the sidelines and waiting 132 years is simply not an option.

The Sustainable Development Impact Meeting on “Advancing Gender Equality”, which takes place in New York this month, is an opportunity for leaders from the public and private sectors to identify tools and strategies to close the gender gap.

We owe it to future generations to mobilize our efforts to make the transformative changes that are so badly needed for women and girls.

Published : September 04, 2022

Cartier revisits enduring timepiece inspiration through TANK LOUIS CARTIER and TANK MUST

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https://www.nationthailand.com/pr-news/business/pr-news/40019672


Cartier is bringing new timeless appeals of the TANK watch, a compelling timepiece treasured generation after generation, by introducing the newest version of TANK LOUIS CARTIER that stands out for its rectangle-within-a-rectangle dial buoyed by the intensity of red, Maison’s signature colour, and anthracite grey.

Cartier revisits enduring timepiece inspiration through  TANK LOUIS CARTIER and TANK MUST

Complementing this duo, TANK MUST feature timeless aesthetics of a deep black dial that characterises its understated look and feel.

TANK LOUIS CARTIER

For Cartier, time is here and now. Pure lines, perfect form and precise proportions: these enduring watches stand out as readily in their own time as they will in the future. The Tank watch is a prime example of being utterly timeless.

FROM TANK TO TANK LOUIS CARTIER

REVISITING AN INSPIRATION

Two signature brancards and a clean rectangle punctuating the strap: this is the Tank watch, created in 1917 and cherished generation after generation since. Like an idea with endless possibilities, or a “founding concept” according to Louis Cartier, it paved the way for many different versions.

In 1922, the design of the Tank watch was reworked: the case was elongated, the brancards were refined and the angles softened.

The resulting Tank Louis Cartier would go on to borrow the monochrome dials of its sister and of the Tank Must, born in 1977. In 2021, Cartier revealed a Tank Louis Cartier watch whose dial featured the rectangle-within-a-rectangle motif that first appeared on a Must de Cartier watch from the 1980s.

RED AND GREY

TECHNICAL INNOVATION AND MONOCHROME WITH A TWIST

This year, the Tank Louis Cartier watch brings with it a new radical elegance buoyed by the intensity of the monochrome dials: red, Maison’s signature colour, and anthracite grey, a shade borrowed from the Cartier watchmaking palette.

In addition to this, it has been further refined: from the twelve classic hour marks, just four remain and the rail track is absent. Appearing monochrome at first glance, the Tank Louis Cartier watch, depending on the light and the way you view it, reveals a vibrancy that is rich in shade and depth.

Cartier revisits enduring timepiece inspiration through  TANK LOUIS CARTIER and TANK MUST
Cartier revisits enduring timepiece inspiration through  TANK LOUIS CARTIER and TANK MUST

To achieve this effect, Cartier’s watchmaking craftsmen used—for the first time at Cartier—an innovative electrochemical engraving technique that allows for very high-precision markings: these almost invisible markings, carried out in different directions, form a group of sections and areas which recreates the graphic pattern featured on the dial of a Cartier Must watch from the 1980s. Techniques used for colouring differ: lacquer for the red dial and a galvanised finish for the grey dial.

The dials are then enhanced with a glossy, multi-layered decal that accentuates the Roman numerals. The engraving creates reflective effects and optical variations that modify our very perception of colour.

THE TANK MUST

MEETS BLACK

Cartier revisits enduring timepiece inspiration through  TANK LOUIS CARTIER and TANK MUST

Even more radical and intense, the third version of the Tank Louis Cartier complements this duo with its deep black dial. The bright lacquer contrasts with the radiance of the gold case. A family affair, yes, but two watches with strong character nonetheless.

Embodying the spirit of the 1970s and 80s, the Tank Must applies the visual style of the early Tank Louis Cartier watches to steel. This great aesthetic potential feeds the inspiration of Cartier’s watchmakers and inspires ongoing cycles of creative exploration.

Fully redesigned in 2021 to be as close as possible to the Tank Louis Cartier, the 2022 edition of the Tank Must features an all-black dial. Timeless, understated and mounted on steel, this is a watch rich in character and without distraction or compromise. This new version is now available in both small and large models.

Published : September 02, 2022

Mercedes-Benz appointed new President and CEO of Mercedes-Benz Thailand

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https://www.nationthailand.com/business/pr-news/40019670


Mercedes-Benz AG announced the appointment of Martin Schwenk as the new President and CEO of Mercedes-Benz (Thailand) Limited, succeeding Roland Folger who will take over a new position at Mercedes-Benz’s headquarter in Germany, effective from January 1, 2023.

Mercedes-Benz appointed new President and CEO of Mercedes-Benz Thailand

Under his leadership at Mercedes-Benz Thailand, Roland Folger has contributed to the sustainable growth of the company and the structural optimization of Mercedes-Benz’s dealer network in Thailand.

His support and dedication to the electrification of Mercedes-Benz brand, including his initiatives on the preparation of battery and electric vehicle production as well as the Charge to Change movement, have been the key to success ahead of the trends.

Roland’s managing of the digitalization drive has enabled the company to achieve measurable results for an online business for both sales and customer service.

Martin Schwenk who will succeed Folger on January 1, 2023, started his career in 1992 when he joined the ‘Mercedes-Benz-Nachwuchsgruppe’ in Stuttgart as a quality engineer.

After several functions in Quality and Finance at the MB Plant in Rastatt, Germany, he headed the Controlling department for the newly established Production Planning in Sindelfingen.

From 2006 to 2015, he was in charge of different Finance and Controlling functions in South Africa, and Austria and as CFO of MBUSI in the United States.

In 2015, Martin relocated to Beijing, to assume the role of CFO for the Mercedes-Benz Sales organization in China. He contributed to the success of Mercedes-Benz brand in China and exerted a strong impact on the progress of many critical projects and business processes.

On November 1, 2018, Martin took over as the Managing Director & CEO of Mercedes-Benz India.

Martin played a key role in preparing Mercedes-Benz India for the future transition of the automotive industry, by driving electrification and digitalization initiatives.

He contributed to formulating Mercedes-Benz’s growth strategy that includes the market introduction of key ICE products, pioneering luxury EV journey with the EQC, transforming the retail network strategy with MAR 2020 retail format, and successful implementation of the ‘Retail of the Future’ business model in India.

During his tenure, Mercedes-Benz India successfully mitigated the Covid-19 crisis, emerging stronger as a resilient organization. His vision, strategic collaborations, and deep engagement with people, partners and customers, enormously contributed to building a future-ready, transparent and highly people-centric organization.

Upon his appointment, the company is certain that, with three decades of experience in the automotive industry across several continents, Schwenk will drive business growth and lead Mercedes-Benz Thailand to achieve new heights in an exciting future of emerging mobility trends.

Published : September 02, 2022

“Boonrawd Supply Chain” strengthens with “Pongrawee” for high maintenance delivery

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https://www.nationthailand.com/pr-news/business/pr-news/40019667


“Boonrawd Supply Chain Co., Ltd.,” the supply chain service and full distribution solution provider nationwide, joins forces with “Pongrawee Company Limited,” which specializes in logistics for high maintenance materials like chemicals and petroleum products, to boost the capabilities and business potential in Thailand and the region.

"Boonrawd Supply Chain" strengthens with "Pongrawee" for high maintenance delivery

Mr. Piti Bhirom Bhakdi, Chairman of the Board Boon Rawd Supply Chain Co., Ltd reveals that the company had its eyes set on long-term growth, and elevating its distribution and logistics game is one of the company’s core strategies. In the past years, the company has partnered with world-class businesses like “Linfox” which specializes in storage management and logistics from Australia. The global technology, knowledge, and methods, paired with the company’s strength in the nationwide distribution network, will bring our logistics capabilities to new heights, not only just in Thailand but in the region as well.

Furthermore, Boonrawd Supply Chain has planned to expand its distribution and logistics business to meet the market’s demands. The company has recently joined hands with ASEAN-level partners like PONGRAWE Co., Ltd., an expert in delivering dangerous goods like chemical or petroleum products to leading companies. Pongrawee now operates with over 350 vehicles to serve its clients and over 14 processing centers nationwide in Chiang Mai, Lampang, Khon Kaen, Yasothorn, Pichit, Chant, Saraburi, Pathumthani, Bangkok, Samut Prawn, Chachoengsao, Chonburi, and Rayong.
 

Pongrawee is a trusted partner and has been certified by institutions like the British Standards Institution and Department of Land Transport and has been awarded from both national and international clients like PTT, Shell Thailand, Esso Thailand, and Oil Industry Environmental Safety Group Association.

While Boonrawd Supply Chain is an expert in managing supply chains with a nationwide distribution network and aims to build capabilities at a regional level with four services available: logistics, customer, planning, and Digital services. The company can hold up to 310,000 square meters of goods, which accounts for over 380 million pieces per year. With over 13 distribution centers nationwide, the company can distribute products over 180,000 trips per year to more than 250 Thai wholesalers and 300,000 retailers.

This partnership will bring Boonrawd’s strength in managing supply chain with a nationwide distribution network and combine it with Pongrawee’s capabilities in distributing dangerous goods to deliver a complete logistics business and lead to new business capabilities, leveraging the economy of scale to grow side by side with clients in Thailand and the whole region.
 

Published : September 02, 2022

By : THE NATION

“Singha Estate” kicks off the “Forest with Fingers” project in Chiang Rai

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https://www.nationthailand.com/pr-news/business/pr-news/40019655


Rebuilding over 1 million square metres of forest with an aim for zero carbon emission in 2030 and long-term sustainability

"Singha Estate" kicks off the "Forest with Fingers" project in Chiang Rai

Singha Estate, which excels in property investment and development in Thai and worldwide, is aware of the climate change problem we’re currently facing. The company aims to move toward sustainability, lowering carbon emissions, and building a new way of conducting business to build a better environment. The “Forest with Fingers” project is joined by partners like Siam Kubota and Thaicom to rebuild over 1 million square metres of forest in Chiang Rai.

Mrs Thitima Rungkwansiriroj, Chief Executive Officer of Singha Estate Public Company Limited, revealed that the “Forest with Fingers” aims to increase the area for carbon absorption, balancing the ecosystem, and taking the food chain into account when going about in business, economics, society, and environment for a more sustainable future. The aim is to grow as much green area as possible by starting in 3 regions; the North, the Central, and the South, namely the Pah Ton Nam in Chiang Rai, Pah Nai Muang in Bangkok, and Pah Chai Lane in Phi Phi island, Krabi to lower environmental impact caused by climate change in which carbon and greenhouse gas emissions are the main culprits.

"Singha Estate" kicks off the "Forest with Fingers" project in Chiang Rai

The “Forest with Fingers” project will start at Chiang Rai with over 1 million square metres of forest with collaborations from the private, government, and local sectors. Thaicom’s latest technology has been used to follow up on trees’ growth and carbon absorption. At the same time, Siam Kubota will bring innovations to speed up the plantation process. The project is based on a carbon neutrality philosophy by 2030.

"Singha Estate" kicks off the "Forest with Fingers" project in Chiang Rai

Mr Pongrat Luangthamrongcharoen, Managing Director of Singha Park Chiang Rai, explained that the Pah Ton Nam area in the Northern part of Thailand is vital to the nation’s ecosystem and weather. The forest hosts various species of plants and animals and is an integral part of the locals’ lives, especially in Chiang Rai. By putting our efforts into this area, not only will Chiang Rai locals benefit from it, but every life will also see positives from it. Singha Park Chiang Rai is ready to be another partner for good, not just for Chiang Rai but for all.

Singha Estate’s Forest with Fingers project will increase the forest area in Chiang Rai by 1 million square metres. The trees which will be planted are highly beneficial to the community, including perennial trees, usable trees, and consumable trees for biological diversity.

"Singha Estate" kicks off the "Forest with Fingers" project in Chiang Rai

The Forest with Fingers project will expand to Pah Glang Nam, which is in Bangkok, then Pah Plai Nam or Pah Chai Lane in Phi Phi island, Krabi. This is a 10-year project with committed follow-ups, measurements, and evaluation for the best benefits and will be accompanied by awareness and engagement campaigns. This project is a part of a mission to increase green areas, build shade, lessen pollution, absorb carbon dioxide, improve clean air, and ultimately reduce the effects of global warming.

"Singha Estate" kicks off the "Forest with Fingers" project in Chiang Rai

Published : September 02, 2022

By : THE NATION

Berli Jucker’s CEO speaks at 7th Belt and Road Summit

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Mr Aswin Techajareonvikul, CEO and President of Berli Jucker Public Company Limited was recently invited by Hong Kong Special Administrative Region of the People’s Republic of China’s Trade Secretary, Mr Edward Lau to speak at the 7th Belt and Road Summit on August 31, 2022 under the Business Plenary ‘Collaborate for a Bright New Era’ chaired by Mr Ronnie C. Chan, GBM Chair Hang Lung Properties Limited.

Berli Jucker’s CEO speaks at 7th Belt and Road Summit

The other panelists included Sir Rod Eddington AO, Chairman, Infrastructure Partnership Australia, Chairman, J.P. Morgan’s Asia Pacific Advisory Council, Non-Executive Chairman, Lion; Rt Hon Sir John Key GNZM, AC, 38th Prime Minister of New Zealand; Mr Liu Liange, Chairman, Bank of China, and Dr YK Pang, GBS, JP, Deputy Managing Director & Chairman of Hong Kong Jardine Matheson Holdings Limited. The Business Plenary Session was officiated by Hong Kong Special Administrative Region of the People’s Republic of China’s Financial Secretary The Honorable Paul Chan Mo-po, GBM, GBS, MH, JP.

Mr Aswin, who was speaking as a business leader representing Southeast Asia, began his remarks by emphasizing Chinese President Xi Jin Ping’s view on Belt and Road Initiative for China to achieve, among many other goals, people-to-people connectivity that can build a new platform for international co-operation, in order to create new drivers of shared development. The One Belt One Road policy is well received in Thailand as it is in tune with Thailand’s 20-year strategy and the 4.0 policy of Thailand’s ongoing projects, especially those in the Eastern Economic Corridor or EEC. Thailand sees vast opportunities in trade and investment with neighboring countries having Belt and Road being a better link with the world market, especially with the CLMV countries.
 

As for the Regional Comprehensive Economic Partnership (RCEP) that Thailand has officially signed on January 1 this year, Mr Aswin is confident that this agreement will tremendously enhance the supply chain relationships and production efficiency among its 15-member countries. Like Thailand, goods manufacturers and service providers from the Greater Bay Area (GBA) can expand their supply chains into new markets to take advantage of the provisions of the RCEP, notably helping to accelerate the economic integration in the Asia-Pacific region. More raw materials and intermediate products produce in RCEP locations will be able to move freely between upstream and downstream participants in the supply chain without trade barriers as we look for 90 per cent of all goods to reach 0 per cent import tariffs in 20 years. There is no better synergy than that of One Belt One Road Initiative and this Regional Comprehensive Economic Partnership (RCEP) as we move ahead into the future in this region.

Mr Aswin ended by repeating Thailand’s Deputy Prime Minister and Minister of Commerce, His Excellency Mr Jurin Laksanawisit who has recently said the Thai Government is in full support of China’s One Belt One Road policy, along with RCEP benefits. 

Published : September 02, 2022

By : THE NATION

Binance and Digital Asset Regulators in Asia join hands to build a regulatory framework for the use of crypto and DeFi

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Bangkok (September 1, 2022) – The movement of the crypto industry has continually seen a rise within Asia. These developments are top of mind for many country’s financial sectors, which are exploring ways to embrace these new developments and innovations and specifically on how best to regulate digital assets, including cryptocurrencies.

Binance and Digital Asset Regulators in Asia join hands to build a regulatory framework for the use of crypto and DeFi

In August 2022, Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, continued working with various regulators and industry players in Asia, including the Philippines, Cambodia, and South Korea, to discuss and build a regulatory framework. The aim is to strengthen digital asset regulatory operations for the use of cryptocurrencies and a decentralized financial system (DeFi).

In the Philippines, Binance and the FinTech Alliance Philippines represented the digital asset industry in a Senate hearing by the Committee on Banks, Financial Institutions & Currencies. Government institutions like the Banko Sentral ng Pilipinas (BSP), the Security Exchange Commission (SEC) and the Cagayan Economic Zone Authority (CEZA) were also present in the Senate hearing to discuss key initiatives aimed at putting together policies and guidelines for FinTech and digital assets. Central to the discussion was how the Philippines can harness new innovation while ensuring the appropriate guardrails are in place necessary for consumer protection.
 

During the Senate hearing, the industry players provided critical insights for the committee and shared the steps that should be implemented to address security concerns. Binance specifically highlighted its policies around user protection and security, which are some of the strictest in the FinTech industry. Key security features are embedded at all stages of a user’s experience, including strict Know Your Customer (KYC) process, active collaboration with global law enforcement and banking agencies, and the strict evaluation process of digital assets offered on the exchange.

Binance and Digital Asset Regulators in Asia join hands to build a regulatory framework for the use of crypto and DeFi
Binance and Digital Asset Regulators in Asia join hands to build a regulatory framework for the use of crypto and DeFi

In mid-August, Binance Capital Management Co., Ltd. also cooperated with the Securities and Exchange Regulator of Cambodia (SERC) to organize a capacity building workshop for SERC officials as part of the MOU implementation. This workshop is designed to enhance the knowledge of digital asset operations for SERC management and officials. Through the workshop, they obtain additional insight needed for developing the legal framework for regulating and developing the digital asset market in Cambodia. 

The capacity building program of the workshop included:
•    Introduction to Blockchain and Digital Assets
•    Regulating the Digital Asset Industry: Policy Strategies

Some of the key topics covered during the workshop were the types of digital assets, consumer protection, token listings, DeFi applications, stablecoins, and more.

Binance and Digital Asset Regulators in Asia join hands to build a regulatory framework for the use of crypto and DeFi

More recently on Friday, August 26, 2022, Binance announced the signing of a Memorandum of Understanding (MoU) with the City of Busan in South Korea. The MoU will see Binance providing technological and infrastructure support for the development of the city’s blockchain ecosystem and promotion of the Busan Digital Asset Exchange, as well as the order book sharing between the two parties. Besides, Binance plans to develop and foster Busan City’s blockchain sector in several ways:

•    Utilizing Busan’s blockchain regulatory-free zone to promote blockchain initiatives and businesses. 
•    Supporting blockchain-related research and investments in the city. 
•    Providing specialized blockchain education and online resources from Binance Academy.
•    Advancing initiatives that promote societal well-being through Binance Charity.
•    Helping with the organization of Blockchain Week in Busan in 2022 (BWB 2022).

Furthermore, Binance said it will establish a presence in Busan by the end of the year, which is expected to serve as a driving force for the city to become one of East Asia’s most vibrant digital hubs.
 

Published : September 02, 2022

By : THE NATION