CP Foods receives two awards from the Asset ESG Corporate Awards 2021

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CP Foods receives two awards from the Asset ESG Corporate Awards 2021

Charoen Pokphand Foods Public Company Limited (CP Foods) received two awards from The Asset ESG Corporate Awards 2021 organized by The Asset, Asia’s leading financial and investment magazine , namely Best CEO Award in the Agro & Food business and Gold Award for ESG, reflecting the commitment and outstanding achievement in strategic management with social responsibility, environment and good corporate governance in a fast-changing business environment.

Mr. Prasit Boonduangprasert, Chief Executive Officer of CP Foods, was named the Best CEO Award from the outstanding ability in the business management under rapidly changing situations, and communicating transparent information to stakeholders as well as being able to create effective cooperation both internally and externally.

Meanwhile, CP Foods received the Gold Award for ESG thanks to its performance and multiple activities related to Environment, Society and Governance.

These awards reflecting CP Foods’s commitment to operate business with social and environmental responsibility. The company also placed utmost importance to good corporate governance and transparency to create sustainable business growth. During the Covid-19 crisis, many measures have been put in place to ensure uninterrupted operations. Moreover, CP Foods, as a good citizen, has provided aids to the society amid the Covid-19 pandemic by delivering food supplies to help those who have affected by the crisis.

Published : January 07, 2022

Looking Ahead: Top 3 Supply Chain Predictions for 2022

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In 2022, we find ourselves heading in to the third year of a global health crisis with unparalleled supply chain impact. Repercussions from severe supply and demand imbalances are being felt worldwide. The availability and increasing cost of labor, freight capacity, semiconductors, empty chassis and warehouse storage space will continue to be areas of uncertainty and concern in the coming new year.

Looking Ahead: Top 3 Supply Chain Predictions for 2022

With new waves of coronavirus infection appearing globally just in time for the holiday season, our social and economic futures can appear murkier than ever. Still, I believe we can see new supply chain patterns emerging from today’s global trade and shipping chaos. Here are three of those patterns that we will be contending with in the new year: 

1) Container ship issues at major North American and Northern European ports will continue well in to 2023, because the current congestion and delays are not merely an ‘ocean’ shipping problem, but a global supply chain network problem. Issues with port labor, truck driver labor, warehouse unloading labor and both empty container and container chassis availability are all conspiring with increased inbound shipping volumes out of Asia (sparked by historically high consumer demand) to slow down the loading and unloading of ocean vessels and subsequent movement of goods out of ports to inland warehouse or deconsolidation locations. 

2) To increase supply chain resilience as disruptions will continue to increase their pace and their impact scope, companies must prioritize first mile technology investments and collaborative logistics service provider relationships.  Single-minded pursuit of lower costs will have to be replaced with new goals for holistic and multi-dimensional forms of visibility to things like freight capacity, supplier work-in-progress and financial health, modal hand-off points and shipment chain-of-custody progress, in addition to real-time visibility to inventory in transit. Resilience demands improved exception monitoring to support faster reaction times when issues arise within supplier networks or global shipping lanes. Success in delivering products the final mile to end customers is now clearly dependent on getting more control and increased flexibility in managing the first mile.

Looking Ahead: Top 3 Supply Chain Predictions for 2022

3) The following global supply chain trends we see today are likely to be longer-term:

  • Higher ocean and air freight shipping costs will remain, even when current congestion and capacity constraints have settled into a new global equilibrium 
  • Traditional ‘peak season’ shipping markets will start earlier and run longer 
  • Freight contracts will increasingly run for shorter terms 
  • Shippers will continue expanded use of Non-Vessel-Operating Common Carriers (NVOCCs) and third-party logistics providers (3PLs) to secure more reliable freight capacity 
  • More shippers will share dynamic freight capacity forecast needs with their key carriers to improve overall freight network planning 
  • More shippers and consignees will be under pressure to improve their loading and unloading efficiency for trailers and containers in order to free up network freight capacity   
  • More C-level executives will be looking closely at global logistics and supply chain strategies, emphasizing reduced supply uncertainty in tandem with cost management to protect their production lines, the end customer experience and total business profitability.

Because uncertainty around pandemic-influenced supply and demand challenges has become “the new normal” for supply chain professionals, it is imperative to improve the technologies and supply chain management tools they work with daily. Broader and more flexible partner connectivity, the addition of more external data sources, and supply network intelligence that finally connects demand signals and stakeholders downstream with procurement and shipment planning activity upstream will help ensure businesses can move quickly, pivot nimbly, and are set up for future success. 

By Fabio Tiviti, Senior Vice President & General Manager, ASEAN-India, Infor

Looking Ahead: Top 3 Supply Chain Predictions for 2022

Published : January 07, 2022

By : THE NATION

SCBS unveils five economic forecasts for the Year of the Roaring Tiger

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Predicting SET Index 2022 in a range of 1550-1750 points, tipping ten outstanding growth stocks benefiting from transforming new world business structures

SCBS unveils five economic forecasts for the Year of the Roaring Tiger

SCB Securities Co., Ltd. (SCBS) believes that the outbreak of the COVID-19 Omicron strain will impact the economy and investment in 1Q22. Without proper control by 1Q22, the disease could jeopardize the Thai economy’s growth rate and the operating performance of listed companies in 2022, as previously predicted. SCBS see the SET Index fluctuating between 1,550 and 1,750 points this year. SCBS has selected ten outstanding stocks exhibiting good growth at reasonable prices, including those that will benefit from the new world trend of transforming business structures.  The economic outlook for 2022 is based on three assumptions and five predictions, which include: 1) COVID-19 becoming endemic as a result of widespread vaccination; 2) the global tourism industry recovering by 60-90%; and 3) supply bottlenecks beginning to ease.

The five predictions are as follows: 1) global economic activity will return to normal in 2022; 2) global inflation will fall in the second half of 2022; 3) global monetary policy will tighten before returning to normal, with the exception of China, which continues to ease its monetary policy to balance its economy; 4) the Cold War between the US and China will intensify; and 5) The slowing Chinese economy, global financial market volatility, global stagflation risks, global climate volatility, and the outbreak of the COVID-19 Omicron strain (which may be more severe than the Delta strain) are all risk factors that must be closely monitored.

However, if the Omicron variant outbreak is not properly contained by the first quarter of 2022, the global economic growth rate in 2022 is likely to fall from 4.9% as predicted earlier by the IMF to 3.6%. In terms of the Thai economy, the GDP growth rate for 2022 is at risk of falling from 3.6 % to 2.5% if the plan to reopen the country to tourists is delayed, including the government’s resumption of tightening economic activities in the country.

Based on fundamentals, the 2022 SET Index should stand at 1,660 points and move between 1,550 and 1,750 points. SCBS recommends ten stocks that will perform well in 2022, including KBANK, AMATA, ZEN, LH, and GULF, as well as stocks that will benefit from the modern business transformation trend, such as DELTA, ADVANC, ONEE, SECURE, and XPG.
 

SCBS Research Group Managing Director Sukit Udomsirikul stated that despite the global COVID-19 crisis, stock market volatility has decreased for the year 2021. As can be seen, stock markets around the world, including the Thai stock market, have recovered quickly. Despite the fact that the pandemic is still considered severe, the SET Index has recovered to pre-COVID-19 levels. This is because governments all over the world have accelerated economic stimulus measures and pumped money into financial markets at an unprecedented rate and intensity. Low interest rates and rising inflation have prompted investors to shift their money to higher risk stock markets.

Economic activity is expected to return to pre-COVID-19 crisis levels in 2022, implying stable GDP growth, slower inflation, rising interest rates, and tax increases to balance the government’s financial position. Finally, returns on stock market investments are expected to fall from 2021.

The rate of growth in developed economies (DM) will slow down. According to the IMF, GDP will grow at 4.5%, while the rate of growth in emerging markets (EM) is expected to recover at 5.1% in the latter half of 2022 as countries are reopening. With more and more people getting vaccinated, tourism and hospitality businesses will recover, partially offsetting the reduction in economic stimulus measures designed to boost consumption during the COVID-19 outbreak in 2020-2021. The new outbreak of the Omicron strain, on the other hand, is viewed as a risk that could cause economic forecasts to fall short of expectations.

Based on a “carefully positive” view, Thai economic trends in 2022 are expected to recover to 3.6 – 4.0% growth from a -6.1% contraction in 2020 and 1.0% growth in 2021. Exports are expected to grow by 2%, and approximately 8 million foreign tourists are expected to enter the country.   Profits at publicly traded companies will increase by 6% yoy, driven by a 3 – 4% increase in GDP. SCBS estimates the SET Index’s yield to be 5% by the end of 2022, and 8% when dividends are factored in. In the worst-case scenario, the Thai economy’s growth rate could be reduced to a mere 2.6 % if the Omicron strain spreads unchecked, with listed companies growing at or near zero percent.

For investment strategy, investors should focus on growth stocks at reasonable prices, which are divided into two groups: 1) stocks that are expected to return to growth following the economic cycle and the opening up of more economic activities, such as KBANK, AMATA, ZEN, LH, and GULF; and 2) stocks that are likely to grow exponentially and benefit from modern business transformation trends, such as DELTA, ADVANC, ONEE, SECURE, and XPG.

Investment views for individual stocks: 

  • KBANK: A digital banking leader, with an expected increase in net profit in 2022 due to lower credit costs.
  • AMATA: Land transfers from key customers in the energy, automotive, and logistics sectors are expected to improve beginning in 4Q21 and continue through 2022.
  • ZEN: The resumption of economic activity, particularly during the easing of the COVID-19 situation, will have a positive impact on its 2022 profit forecast.
  • LH: The company is ready to launch new projects that will increase by 50% with the relaxation of LTV regulations for second and third homes. 
  • GULF: Over the next seven years, its power plant capacity is expected to grow by 12.4% per year on average, with profit sharing from INTUCH investments helping to stabilize net profit.
  • DELTA: The company will benefit from its existing customer base in the electrical vehicle, clean energy, and telecommunications sectors.
  • ADVANC: The company is likely to pay more dividends in 2022 due to a lower investment budget and the benefits of metaverse business trends.
  • ONEE: Assuming that the advertising industry has reached bottom, the company will begin to recover in 2022.
  • SECURE: Data security will become even more important in the digital age.
  • XPG: Following its entry into the digital asset business, its 2022 results will turn around.
SCBS unveils five economic forecasts for the Year of the Roaring Tiger

Published : January 07, 2022

By : THE NATION

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

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https://www.nationthailand.com/pr-news/business/40010775


The TCEBs sponsorship includes supporting the journeys of MICE business persons from three countries on the R3A route, promoting awareness of new products and services on the R3A route through familiarisation trips to present and expand creative ideas.

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

Thailand Convention & Exhibition Bureau (TCEB) is advancing its collaborations with related parties to turn Thailand into a hub for meetings, incentives, conferences and exhibitions (MICE) in the Greater Mekong Sub-region (GMS)ใ TCEB, along with the Association of Thai Travel Agents (ATTA), the Mekong Economic Development Cooperation Institute, the Greater Mekong Sub-region Transport Association (GMS-FRETA) Thailand and Naresuan University have come together again to forge the agenda ahead. They met in full force at the GMS Logistic, Tourism, MICE & Trade Forum 2021 symposium held on 27-28 December 2021 at the Pullman Hotel King Power in Bangkok for the mission.

Being staged for the 4th consecutive year, this year’s symposium focussed on driving cooperation on the R3A road linkage among Thailand, Laos PDR and China to spur multilateral trade and investment. Business matching sessions were also held, emphasising on accommodating MICE travellers emerging following the inauguration of China-Lao PDR rapid train service on 2 December 2021, said Supawan Teerarat, Senior Vice President – MICE Capability and Innovation, at TCEB.

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

The R3A linkage is also known as the North South Economic Corridor under the Greater Mekong Sub-region cooperation framework. It seeks to connect land transport between Kunming in Yunnan Province of China and Bangkok across China, Laos PDR and Thailand, to support the strategic development of the logistics system of the Mekong Sub-region. The connection constitutes a macro-economic integration in economic, tourism and cultural exchange including MICE activities. It offers a great opportunity for Thailand to draw travellers from southern China by train, car and boat to the North and Northeast of Thailand.

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

“This is a pathway of opportunity and a future route to serve travellers and MICE traffic from local and international markets under the 1-Marketing 3-Destination concept,” said Ms Supawan. She added that TCEB’s promotion of MICE activities on the R3A route in 2022 will zero in on working with partners to prepare a framework for tourism and MICE cooperation along the R3A route for use as a guideline and action plan. This framework will lead to further extensions and creating added value for trade and investment for industries and services in the area through the mechanism of the sponsored exhibitions of the industry and outstanding services in the area.

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

The TCEB’s sponsorship includes supporting the journeys of MICE business persons from three countries on the R3A route, promoting awareness of new products and services on the R3A route through familiarisation trips to present and expand creative ideas. This will be carried out based on the elements of ‘Thailand 7-MICE Magnificent Theme’ to promote community development and various tourist attractions along the road linking the three countries. It will also include promoting and opening opportunities to create business matching and connecting MICE entrepreneurs of the three countries even more with MICE Business Road Show R3A activities. In addition, TCEB will encourage the private sector and groups to come together to bid for the rights to host the international meetings and conferences related to prominent industries in the area as well.

TCEB, partners advance plan to tap MICE travellers on 3-nation R3A route

ATTA President Sisdivachr Cheewarattanaporn noted it remains to be seen that a big market like China will re-open its door in 2022. In his conversations with relevant agencies in China, he said it is quite clear that the country will continue to pursue the ‘Zero Covid’ policy in order to minimise the risks of coronavirus spread. However, it is believed that the overall picture of Thai tourism industry in 2022 would be better than 2021, thanks to the easing of travel restrictions in the kingdom. He said this is a high time for entrepreneurs to gear up for welcoming travellers on the R3A route because once China opens up they will be ready to receive a wave of Chinese travellers. “Of course, there will be a great number of tourists using this route to come Thailand,” he added.

The R3A route is an international highway linking Thailand, Lao PDR and China covering a distance of 1,240 kilometres from Chiang Rai to Kunming.

It is an important pathway for the exports especially agricultural products and tourism sector for the three countries. It is a connection point to the north-eastern region of Thailand, from Vientiane to Nong Khai Province, via the train between the two cities. This road is vital for the imports and exports between Thailand and China with the major shipments being vegetables, fresh fruits, chilled-frozen fruits, processed fruits, spices, herbs and consumer products.

Another role of the R3A is that it acts as a cultural and tourism connection path, providing Thailand with an opportunity to receive tourists from southern China.

Furthermore, the route serves an avenue for investment in various businesses especially around the Golden Triangle and providing added opportunities to extend tourist flows from Nong Khai Province to Bangkok and Pattaya and onwards to the Eastern Economic Corridor (EEC) development zone. Clearly, this will increase opportunities for trading, investing, doing business, including attending business meetings and conferences which mean a huge amount of money from the travellers’ spending.

Published : January 05, 2022

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

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https://www.nationthailand.com/pr-news/business/40010774


Following a launch event in December, 11 bright and authentic street food carts and trucks will be rolled out at Marriotts hotels and resorts in Southern Thailand throughout 2022

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

Marriott Bonvoy On Wheels, the innovative food delivery and takeaway service from Marriott International, is gearing up for an exciting year-long culinary carnival in Southern Thailand in 2022, as a series of stylish food trucks and traditional carts roll up at Marriott International’s hotels and resorts in Phuket and Khao Lak!

From January to December 2022, in-house guests and local residents will be invited to savor an amazing array of flavors, including casual, handheld dishes and delicious drinks freshly prepared to-order by Marriott’s expert chefs and served straight over the counter. With 11 pop-up carts, trucks and trolleys rotating between 11 properties throughout the year, diners can make new culinary discoveries every month!

This year-long gastronomic extravaganza officially launched at Boat Avenue in Laguna Phuket on 17 December 2021, as all 11 hotels and resorts and 11 food trucks and carts come together for a fun-filled fiesta of food and drink, giving guests a glimpse of tantalizing taste of what lies ahead.

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

Then throughout 2022, the colorful pop-ups will be pulled, pushed and driven between Marriott’s hotels and resorts in Phuket and Khao Lak! Diners will be able to grab gourmet burgers, bao buns, hot dogs and lobster rolls from the sleek Bun Bar, while the Mexican Trailer is the place to go for hand-rolled burritos, tacos, quesadillas and nachos, and the BBQ Smoker will specialize in succulent smoked meats, ribs, beef brisket, pulled pork and chicken.

The traditional Thai-style Street Grill will offer barbecued skewers and sausages, the Crispy Cart is the perfect place for fish & chips, finger lickin’ chicken and “poutine” cheesy fries, and the Plant Based trailer is a haven of mouth-watering meat-free masterpieces, such as vegan burgers and wraps, salads and rice paper rolls.

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

The Coconut Bar, a bright motorcycle and sidecar, will serve fresh young coconuts and cocktails, while a cute Ice-Cream Cart will present local popsicles, ice-creams and shaved ice, and a Fresh Fruit counter will be slicing up tropical fruits, sugar cane, squeezing healthy juices and blending smoothies. Finally, for guests seeking grown-up refreshments, the Gin & Tonic stall will be mixing cool drinks and bubbles, while the Brew Bar will be offering craft beers and coffees.

These two-, three- and four-wheeled wonders will be pulling up at Marriott’s hotels and resorts throughout Phuket and Khao Lak, so don’t miss out!

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

“When we launched Marriott Bonvoy on Wheels, our aim was to bring Marriott’s world-class restaurant dishes into people’s homes. Now, we’re flipping this concept around by bringing the best street food to our hotels! The food truck trend has taken off all around the world, and Thai food carts are always popular among locals and visitors alike. We can’t wait to roll out our food truck fiesta in 2022,” said Jakob Helgen, Area Vice President – Thailand, Vietnam, Cambodia & Myanmar, Marriott International.

Food Truck Fiesta To Pop Up In Phuket & Khao Lak With Marriott Bonvoy On Wheels

To learn more about Marriott Bonvoy on Wheels, the takeaway and home delivery service from Marriott International in Thailand, please visit https://marriottbonvoyasia.com/R+B/local-discount/Marriott-Bonvoy-on-Wheels-Thailand.

Marriott International hotels and resorts taking part in the food truck fiesta include:

1. JW Marriott Khao Lak Resort & Spa

2. Le Méridien Khao Lak Resort & Spa

3. JW Marriott Phuket Resort & Spa

4. Renaissance Phuket Resort & Spa

5. Phuket Marriott Resort and Spa, Nai Yang Beach

6. Phuket Marriott Resort & Spa, Merlin Beach

7. Four Points by Sheraton Phuket Patong Beach Resort

8. Le Méridien Phuket Beach Resort

9. The Naka Island, a Luxury Collection Resort & Spa, Phuket

10. Courtyard by Marriott Phuket Town

11. The Westin Siray Bay Resort & Spa, Phuket

Published : January 05, 2022

Carabao Foundation contributes to Phimpha Hospitals purchase of medical equipment

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Carabao Foundation would like to pay tribute to all organisations that have dedicated themselves to making society safe from the Covid-19 pandemic with sacrifice and hard work.

Carabao Foundation contributes to Phimpha Hospitals purchase  of medical equipment

The Carabao Foundation has donated 100,000 baht to the Phimpha Hospital in Chacheongsao to support its purchase of medical equipment. On behalf of the foundation, Kamoldist Smuthkochorn, Deputy managing and Kanokkorn Jaichuen, Public relations manager of Carabao Group, presented the donation to the hospital’s director Pornthip Mingcharoen on 23 December 2021.

The hospital serves the people of Bang Pakong District and the general public in terms of promoting good health, disease control, medical treatment and first aid.

Standing by its philosophy of ‘Creating Value of Life’, The Carabao Foundation intends to deliver assistance to the society, where possible. Since its inception 24 years ago, the foundation has helped and supported numerous organisations and individuals.

Carabao Foundation contributes to Phimpha Hospitals purchase  of medical equipment

The foundation has previously assisted struggling artists, providing opportunities for youth groups in learning and playing music at a higher level. Among the creative projects supported by the foundation in the past are the ‘Music creates value of life, ‘Tambon Khong Nuu’, and ‘Carabao Coaches the Coaches.’

Carabao Foundation contributes to Phimpha Hospitals purchase  of medical equipment

Carabao Foundation would like to pay tribute to all organisations that have dedicated themselves to making society safe from the Covid-19 pandemic with sacrifice and hard work. By looking after ourselves and strictly observing government health and safety guidelines, our country should be able to get through the Covid-19 crisis in good time.

Published : January 05, 2022

Surf’s Up! The Standard, HUA HIN To Host “Sporty And Soaked”- A Vibrant Seafront Festival And Surfing Master Class

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https://www.nationthailand.com/pr-news/business/40010732


Staged at The Surf Club from 15-16 January 2022, this two-day seafront retreat will let guests learn a wide range of water sports from experts including Tew Warintorn, one of Thailand’s top surfers

Surf’s Up! The Standard, HUA HIN To Host “Sporty And Soaked”- A Vibrant Seafront Festival And Surfing Master Class

The Standard, Hua Hin’s newest resort where chic beach vibes meet Modernist design, has revealed its first Activation for 2022, as it partners with world-famous surf brand Rip Curls and KBA to host “Sporty and Soaked” – an immersive two-day festival that celebrates the joy of life on the waves.

Staged from 15-16 January 2022 at The Surf Club, The Standard’s vibrant water sports hub, Sporty and Soaked will include a surfing master class hosted by Tew Warintorn, one of Thailand’s top surfers and a member of the Kingdom’s national team. He will be on hand to offer expert advice and give amateur surfers the chance to learn all the necessary skills, such as paddling out, picking their break, popping up and riding the waves.

The action starts on The Standard’s beautiful beachfront lawn with an introduction to surfing and warm-up sessions. Having learned the basics on dry land, guests will be able to practice their new-found techniques on Hua Hin beach. Lapped by endless waves that roll in from the glittering Gulf of Thailand, this is the place to safely learn to surf.

Surfing isn’t the only water sport on the agenda however, under the “Water Sports Buffet” option, adrenaline addicts will have the chance to take a kite-surfing and wing SUP (stand-up paddle boarding) classes, learning the basics of these sports before heading out on the ocean. Guests will also be able to try their hand at sailing, while jet skis and banana boats are available for those seeking some high energy fun.

Surf’s Up! The Standard, HUA HIN To Host “Sporty And Soaked”- A Vibrant Seafront Festival And Surfing Master Class

In the afternoon, all guests will be able to relax and chill out at a beachfront party, with DJ Aopsher, JDJ, DJ Deejai and DJ Pichy spinning upbeat tunes as the sun sets on an action-packed day.

The surfing master class with Khun Tew is available for a maximum of ten students and priced at just THB 2,000 per person. This includes a full-day of lessons and surfing sessions, with two full hours in the water plus free entry to the after-parties. The Water Sports Buffet runs from 10.00 to 17.00 hrs and is priced at THB 4,000 per person, including a full day of kite-surfing and wing SUP classes. Click here for more information or to make a reservation.

Surf’s Up! The Standard, HUA HIN To Host “Sporty And Soaked”- A Vibrant Seafront Festival And Surfing Master Class

“With its warm, shallow seas, gently rolling waves and year-round climate, Hua Hin is the ultimate destination for water sports. Since we opened in December, The Surf Club has already become the place-to-be for surfers and beach lovers alike. We’re delighted to invite guests to Sporty and Soaked this January, giving our experience-seeking clientele the chance to learn to surf from one of Thailand’s top pros, or simply unwind and meet new friends in a laid-back atmosphere on Thailand’s golden gulf coast,” said Marc Sittl, General Manager, The Standard.

Sporty and Soaked becomes the second event in the full calendar of Activations at The Standard, Hua Hin. The first, “Bliss Out”, was held in early December and saw an all-female line-up of wellness and mindfulness experts create a series of innovative workshops, including yoga, meditation and breathing, accompanied by uplifting dance music and enhanced by cannabis products.

Surf’s Up! The Standard, HUA HIN To Host “Sporty And Soaked”- A Vibrant Seafront Festival And Surfing Master Class

Newly-opened in December 2021, The Standard, Hua Hin brings a cool Miami vibe to Thailand’s golden gulf coast. With 199 rooms, suites and villas, an mid-century Lido pool and bar, a restaurant and juice café, all set in lush tropical gardens, this chic seafront hotel is set to attract experience-seeking travellers from around the world.

The Standard hotels are present at the most desirable destinations, from Miami Beach to the Maldives, London to New York, Hollywood to Hua Hin. For more information, please visit www.standardhotels.com

Published : January 04, 2022

Securing data with Quantum Key Distribution: a death knell to cyber attackers?

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https://www.nationthailand.com/pr-news/business/40009949


Network communications encrypted using next-gen cryptography will be unbreakable, future-proof, and will allow for early intervention and mitigation

Securing data with Quantum Key Distribution: a death knell to cyber attackers?

Network communications encrypted using next-gen cryptography will be unbreakable, future-proof, and will allow for early intervention and mitigation

The global pandemic is causing an irreversible rise in double-threat ransomware, data theft and sophisticated supply-chain attacks. Fortunately, cybercriminals have been hampered by enterprise-level data encryption, which they have not been able to bypass easily.

However, with the advent of quantum computing, even this data protection method is under threat. With massive computing power within reach, cybercriminals can find ways to crack encryption algorithms.

University research collaborations in Indonesia and Thailand have already demonstrated the practical applications of quantum computers in cryptography, and cybercriminals are also watching the developments closely.

This is why Toshiba’s work in quantum-cybersecurity research is set to level the playing field against malicious actors. In late August this year, the firm announced a collaboration with a Singapore-based quantum technology firm SpeQtral, to offer quantum secure communications solutions powered by Toshiba’s Quantum Key Distribution (QKD) technology.

What is Quantum Key Distribution?

Quantum Key Distribution (QKD) is used to distribute the secret digital keys important for protecting highly sensitive data critical to many industries. Only when the right digital keys are in hand can recipients access the unlocked data. The problem is that digital keys can be stolen or misappropriated. Cyber hackers can then unlock stolen data with the compromised keys.

The essence of QKD security relies on encoding each bit of the key upon a single photon (particle of light) transmitted, for example through an ordinary optical fiber. As any attempt to read the photons alters their encoding, and this allows the secrecy of each key to be tested and guaranteed. Unlike other existing security solutions, QKD is secure from all future advances in mathematics and computing, including the data processing power of a quantum computer.

With QKD technology, not only is the encrypted data secure from unlocking, but any hacking attempts on the digital keys can be detected at an early stage, ensuring that the data and messages are accessible only by the intended recipient.

In Southeast Asia, the National University of Singapore is working to make QKD technology available to the wider industry to incubate a new class of “quantum-resilient encryptors” in financial services, government and healthcare sectors that work with highly sensitive data.

Thailand also has a strong quantum cryptographic research sector. Chiang Mai University has collaborated with the Thailand Centre of Excellence in Physics on single-atom trapping systems; other universities exploring quantum technology include the Suranaree University of Technology; National Institute of Metrology, and even a social enterprise, Quantum Technology Foundation of Thailand. The country regularly works with world research laboratories in America, China, Japan, and Russia to exchange research ideas.

From the secure transmission of sensitive genomic data, to data transfers between critical industrial infrastructure, uses cases of QKD in today’s cybersecurity landscape are innumerable.

Securing data with Quantum Key Distribution: a death knell to cyber attackers?

According to Mr Hiroshi Fukuchi, Corporate Representative – Asia Pacific, Toshiba Corporation and Managing Director, Toshiba Asia Pacific Pte Ltd: “Southeast Asia is a vast potential market and development base for QKD. Toshiba has established industry partnerships in our early deployments of quantum technology in Japan, the US, and the UK. We are excited to be part of the QKD industry’s global expansion and commercialization in Singapore and Southeast Asia.”

Tackling cybercrime with QKD

Back in 2003, Toshiba was already a pioneer in researching quantum cryptography at the Cambridge Research Laboratory of Toshiba Research Europe Limited. By 2004, the conglomerate had become the first to announce quantum key distribution over 100 kilometers of fiber, and the first to achieve a continuous key rate exceeding 1Mbps in 2010, followed by 10Mbps in 2017.

Now, with the global acceleration of digital transformation, the volume of digital data in use and at rest will skyrocket exponentially. Along with this trend we are already witnessing a massive escalation of cybercriminal threats to steal and monetize valuable data.

This is where Toshiba’s QKD technology will be more pertinent than ever. The collaboration with SpeQtral will help potential users in Southeast Asia understand the need for and consider the implementation of QKD solutions to secure their communications, with free knowledge-sharing webinars and workshops as a starting point.

Securing data with Quantum Key Distribution: a death knell to cyber attackers?

As a global hub for financial applications, Singapore in particular serves as a focal point for telecommunications, data centers, and cloud connectivity infrastructure. These industries process extremely important and high-value data, and it is crucial to continually review the security of these communications and upgrade current systems to address future threats.

Additionally, as each organization has unique data connectivity configuration and security requirements, the SpeQtral-Toshiba collaboration will help provide QKD solutions to ensure needs are addressed.

Leading the world in QKD development

Toshiba’s decades of quantum research have led to the development of two practical QKD devices for installation in multiplexed (up to 70km) and long-distance (up to 120km) usage scenarios.

Being designed for flexible and cost-effective deployment the two commercially-available products will enable quantum researchers in Southeast Asia and the world to further their research and trial cost effectively and reliably.

Meanwhile, as digital economies emerge from the acceleration of technological adoption, integration of emerging telecommunications infrastructures and deployment of 5G networks, quantum key distribution is an important building block to realize safe data communications.

That is why Toshiba continues to invest in deep research into QKD and related fields of quantum science in order to benefit governments, academia and industry in preemptively blocking off cyber threats.

On a more positive note, the Quantum Internet of the Future is set to bring a new era of beneficial technological progress to the world. This is what Toshiba Corporation—with its stated mission of boosting innovation and trust to contribute to the world at every level—is fully vest in.

For more information, please visit Toshiba Asia Pacific.

For more stories, please visit Toshiba Clip.

Credit line : First published on CybersecAsia 

Published : January 03, 2022

CP Foods receives CAC Change Agent Awards 2021

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40010623


CP Foods won the Change Agent Award 2021 from Thai Private Sector Collective Action Against Corruption (CAC), recognizing the company that conducting business with transparency and encouraging SME suppliers to declare to take part in the Thai business sectors attempt to tackle corruption problem.

CP Foods receives CAC Change Agent Awards 2021

Charoen Pokphand Foods Public Company Limited (CP Foods) won the Change Agent Award 2021 from Thai Private Sector Collective Action Against Corruption (CAC), recognizing the company that conducting business with transparency and encouraging SME suppliers to declare to take part in the Thai business sector’s attempt to tackle corruption problem.

CP Foods receives CAC Change Agent Awards 2021

This year CP Foods also received a membership renewal from the Thai Private Sector Collective Action against Corruption (CAC) to join the declaration to conduct business with transparency and against all forms of corruption at the 11th CAC annual seminar (Online) on Collective Action Against Corruption.

CP Foods receives CAC Change Agent Awards 2021

Mr. Chaiwat congratulated the organizations that have been CAC certified and received the CAC Change Agent Awards. The recognitions reflect their commitment to building a clear and transparent business alliance that is free from all forms of corruption. He emphasized that this is an important step in solving of corruption in the Thai business sector.CP Foods receives CAC Change Agent Awards 2021The Change Agent Awards recognizes CAC certified companies that invited more than 10 SME partners to announce their intentions with CAC within 1 year. CP Foods has helped 20 business partners to adopt anti-corruption measures and declare their intentions.

CP Foods has joined Thailand’s Private Sector Collective Action Coalition against Corruption (CAC) since in 2017.

Published : December 30, 2021

Bangkok electric ferry service plugs in 2 new routes

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https://www.nationthailand.com/pr-news/business/40010552


MINE Smart Ferry boats emit neither noise, water or air pollution and come equipped with photocatalytic oxidation air-conditioning and disinfection systems.

Bangkok electric ferry service plugs in 2 new routes

Bangkok’s MINE Smart Ferry electric passenger boat service added two new routes on Saturday – on the City Line between Sathorn Pier and Phra Pinklao Pier and the Metro Line between Sathorn Pier and Rama VII Pier.

Meanwhile, the Urban Line rush-hour service between Sathorn Pier and Phra Nang Klao Pier has been increased in the morning and evening.

As a New Year gift to passengers, fares on the three lines will remain 20 baht until yearend.

MINE Smart Ferry boats emit neither noise, water or air pollution and come equipped with photocatalytic oxidation air-conditioning and disinfection systems.

Bangkok electric ferry service plugs in 2 new routes

To prevent the spread of Covid-19, passengers can simply pay their fare via the HOP card or contactless credit/debit cards. Passengers will also be able to use HOP cards to pay bus fares in future.

Bangkok electric ferry service plugs in 2 new routes

The electric boats are wheelchair-friendly, while seats have been arranged to ensure social distancing in line with Covid-19 measures.

The ferry-boat timetable is as follows:

Urban Line (about 70 minutes per trip)

Phra Nang Klao Pier-Sathorn Pier

Monday-Friday

6.15am, 6.30am, 6.45am, 7am, 7.15am, 7.30am, 7.45am, 8am, 8.30am, 9am, 10am, 11am, 12pm, 1pm, 2pm, 3pm, 4pm, 5pm, 5.15pm, 5.30pm, 5.45pm and 6pm.

Saturday and public holidays

6.50am, 7.25am, 8am, 8.50am, 9.40am, 10.30am, 11.20am, 12.10pm, 1pm, 1.50pm, 2.40pm, 3.30pm, 4.20pm and 5.10pm.

Sunday

7.50am, 8.50am, 9.50am, 10.50am, 1.50pm, 2.50pm, 3.50pm and 4.50pm.

Sathorn Pier-Phra Nang Klao Pier

Bangkok electric ferry service plugs in 2 new routes

Monday-Friday

6.45am, 7.15am, 8.55am, 9.55am, 4pm and 5.00pm.

Saturday-Sunday

7.30am, 8am, 8.30am, 11.45am, 12.55pm, 1.15pm, 1.55pm, 2.25pm and 3.25pm.

Sathorn Pier-Rama VII Pier

Bangkok electric ferry service plugs in 2 new routes

Monday-Friday

7.30am, 8am, 1.00pm, 1.30pm, 4.45pm and 5.45pm.

Saturday-Sunday

11am, 12.10pm, 12.30pm, 1.10pm, 1.40pm, 2.40pm, 4.15pm, 5.15pm and 6.15pm.

City Line (about 30 minutes per trip)

Phra Pinklao Pier-Sathorn Pier

Bangkok electric ferry service plugs in 2 new routes

Monday-Sunday

7.30am, 8am, 8.30am, 9am, 9.10am, 10.10am, 11.05am, 11.35am, 12.05pm, 12.35pm, 12.45pm, 1.45pm, 3.05pm, 3.35pm, 4.05pm, 4.35pm, 5.05pm and 6.05pm.

Sathorn Pier-Phra Pinklao Pier

Monday-Sunday

7am, 7.30am, 8am, 8.30am, 8.40am, 9.40am, 10.35am, 11.05am, 11.35am,

Bangkok electric ferry service plugs in 2 new routes

Published : December 29, 2021