BGRIM’s ESG global rating lifted from BBB to A New rating shows deepening of best environment
BGRIM has moved its international rating in the field of Environment, Social and Governance (ESG) up a notch.
B.Grimm Power Public Company Limited (BGRIM), has moved its international rating in the field of Environment, Social and Governance (ESG) up a notch.
The MSCI ESG Ratings, the global authority on ESG, has now upgraded the Thailand-based global energy producer’s status to ‘A’ from ‘BBB’ to underscore BGRIM’s stride to deepen its ESG commitments.
Moreover, BGRIM has been included in the “FTSE4 Good Index Series” for the second year in a row while being endorsed by Thaipat Institute to be part of the ESG 100 Group of Securities for the fourth consecutive year.
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BGRIM’s ESG global rating lifted from BBB to A New rating shows deepening of best environment
The inclusions enhance stakeholders’ confidence in BGRIM and its sustainable business practices and investment policies, according to Harald Link, Chairman and President of BGRIM.
He said the company is striving to conduct its businesses in a sustainable manner with best ESG practices.
“The MSCI ESG Ratings upgrade from ‘BBB’ to ‘A’ speaks volumes of our intention to promote sustainable business growth under the principles of good governance and responsible value chain management by taking into account the economic, social and environmental impacts,” he noted.
“This is in line with BGRIM’s vision that adheres to the principle of doing business with compassion, creating values for society in the name of a Sustainable Utility Solution Provider.”
By that means BGRIM seeks to be a producer of high-quality energy, a provider of full range of services to meet the changing needs of customers and being a business partner both at home and abroad, he added.
AIA Investment Management (Thailand) received Best New Asset Management Company Thailand 2021
AIA Investment Management (Thailand) received Best New Asset Management Company Thailand 2021 from Global Banking and Finance Review
AIA Investment Management (Thailand) Company Limited (“AIAIMT”) led by Mr. Sukkawat Prasurtying, Chief Executive Officer received the Best New Asset Management Company Thailand 2021 Award in Fund & Asset Management Newcomer Awards category from Global Banking and Finance Review. This award was recognized for the company’s competence on establishing new investment management with leadership and excellence in asset and fund management. AIAIMT is one of investment management arm of the world’s largest life insurer[1], AIA Group, with a long-term investment experiences in 18 markets in Asia Pacific with worldwide networking and global reach by accessing to the finest asset managers globally.
AIA Investment Management (Thailand) Limited (“AIAIMT”) was incorporated in August 2020 to further enhance the management of AIA Group’s insurance assets. The company’s vision is to be a trusted partner for our clients with global investment experiences and prudent risk management practices. AIAIMT is renowned for consistently providing long-term and sustainable return for our clients’ investments to enable them to enjoy Living Healthier, Longer, Better Lives. AIAIMT manages private funds and mutual funds with total asset under management (AUM) of more than THB 800,000 million, ranking as one of the Top-5 in the investment management industry[2] (as of May 2021)
Sources:
[1] As of 30 June 2020
[2] Total AUM of Mutual Fund, Private Fund, and PVD from AIMC Information as of 31 May 2021
Disclaimer:
– Past performance of AIA Investment Management (Thailand) Co., Ltd. or a fund is not necessarily indicative of its future performance.
– Investors must understand fund information, return characteristics, and fund’s risk before making investment decision.
– Investors should study the prospectus before making a decision to invest.
Thai farmers reap THB79.46m in exports from online business matching
Thai agricultural cooperatives clinched export deals worth 79.46 million baht (US$2.41 million) at the latest Department of International Trade Promotion (DITP) online business-matching event.
The July 29-30 event saw 22 companies from nine Asian countries – Laos, Myanmar, Vietnam, Singapore, the Philippines, China, Taiwan, Japan, and India – negotiate contracts with Thai farming co-operatives, the DITP said.
The main items ordered were Thai jasmine rice, white rice, milk tablets, dairy products, and processed beef products. Organic products were highlighted to tap strong international demand focused on health and the environment.
DITP said that to increase value of agricultural products, manufacturing processes should focus on quality, traceability, and certification by a reliable organisation.
The department highlighted the remarkable popularity of Thai milk tablets, citing their high nutrient value and lack of variety in foreign markets.
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Thai farmers reap THB79.46m in exports from online business matching
Online business matching in the first seven months of 2021 (January-July) matched 1,684 Thai traders with 962 foreign importers, yielding estimated total turnover of 13.86 billion baht this year, the DITP said. Agricultural sales accounted for 9.74 billion baht of that turnover.
The business-matching aimed to boost Thailand’s status as a world food producer while raising income levels in the agricultural sector, said DITP deputy director-general Somdet Susomboon.
Directly linking Thai cooperatives with foreign buyers would benefit local communities, he added.
Those who would like to join the business-matching can contact DITP Call Center 1169 or (02) 507 7825 or visit the Thaitrade.com Facebook page.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
“SiriHub Investment Token”, after received official approval from the SEC, with expected fundraising value of THB 2.4 billion and tokens priced at THB 10 each
• XSpring Digital announces their readiness to introduce its new product to the Thai digital asset market – SiriHub Investment Token, after obtained an approval from the Securities and Exchange Commission (SEC) for public offerings that is officially effective on 29 July 2021, making SiriHub the first SEC-approved Real Estate-backed Token in Thailand.
• SIRIHUB highlights more potential benefits as the Real Estate-backed Token is based on the revenue stream from the Siri Campus Project, where the Sansiri Company has a long-term rental contract of 12 years.
• SiriHub Investment Token aims to fundraise a total value of THB 2,400 million, welcoming investors to invest in this significant project with an initial investment of only THB 10 in digital tokens with a limited number of only 240,000,000 tokens being offered, on a first-come-first-served basis.
• Investors can choose to invest in 2 token groups: SiriHubA with quarterly revenue sharing of 4.5% per year and SiriHubB with an interest rate of 8.0% per year1.
• All investors can subscribe to verify themselves via “XSpring” Application from now.
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XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICOMr. Att Tongyai Asavanund, Chief Executive Officer, XSpring Digital Company Limited, an ICO Portal in Thailand obtained an approval from the SEC, said “XSpring can see the potential growth of the ICO market in Thailand, providing more opportunities for both traditional and new-gen investors to invest in digital assets market. Today, we have been successfully approved and are now ready to introduce SiriHub, Thailand’s first Real Estate-Backed Token that will generate returns with quarterly revenue sharing of 4.5% and 8.0% per year1 for each of token groups. SiriHub token is a real estate-backed ICO so it will provide more confidence, and this open a new chapter in Thailand’s capital market history as it gives more chances for investors of all levels to invest in this major project with potential for future growth such as the Siri Campus located in T77 – a new residential development and modern lifestyle hub at Onnut, Bangkok with a long-term lease agreement for 12 years.
“The main purpose of the SiriHub Investment Token offering is to provide more opportunities to all Thai people to invest in high-value projects with an initial investment of only THB 10 per one token. They can select to invest in one or both tokens from 2 groups: 1) SiriHubA offers 160 million tokens worth THB 1,600 million and 2) SiriHubB offers 80 million tokens worth THB 800 million. The total fundraising value is THB 2,400 million, where the offerings have adequate and appropriate investor protection mechanisms.
“SiriHub Token offers an investment in the revenue stream from the Siri Campus office building located in T77 a new residential development and modern lifestyle hub in the Onnut area, where 100% of the rent come from Sansiri Company with a long-term lease agreement for 12 years, which creates revenue of 149.4 million baht per year. As the SiriHub project period will take only 4 years, investors are assured the project will have continued revenues”, explained Mr. Asavanund.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
Holders of SiriHubA will get returns with quarterly revenue sharing of 4.5% per year and revenue sharing from sale of the real-estate after the project’s end, not over THB 1,600 million, and holders of SiriHubB will get returns with quarterly revenue sharing of 8.0% per year and revenue sharing from sale of the real-estate after the project’s end, from the surplus of THB 1,600 million . As per the asset evaluation reports from two appraisers approved by the SEC, the value of Siri Campus Project will rise to THB 2,600 million in the next 4 years. Further, the Agency for Real Estate Affairs (AREA) reported an analysis of land prices at Onnut BTS located close to the T77, with 2021 land costs of 1.1 million baht per square wah with Compound Annual Growth Rate (CAGR) at 10% per year from 2015 to 2021. This demonstrates that the area has huge potential and high growth rate.
Secured investment on Blockchain Technology
The SiriHub Investment Token offering runs on the Tezos blockchain system, the world’s most advanced blockchain technology developed to support digital fundraising with a Real Estate-backed ICO. The blockchain provides more security with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) measures, and Know Your Customer (KYC) standards. Only approved registrants can be put in the Whitelists to trade digital tokens. The system also has real-time Clawback, a feature to return stolen tokens back to the holder’s wallet, and Capitalization Table (Cap Table) as personal information will not be shown so as to protect the privacy of the holders.
Cooperation with Legal Partners for Best Protection
XSpring Digital works closely with leading legal partners in developing the structure and all components of SiriHub Investment Token to guarantee it follows all criteria given by the SEC. Such legal advisory partners include Baker & McKenzie, asset manager or trustee, MFC Asset Management Public Company Limited, and a team from PricewaterhouseCoopers ABAS Ltd. from Switzerland to review the smart contract system. So, investors will have 100% confidence of transparency and security of the digital token offerings.
Investors who are interested in investing can open an account, verify their identity and take the knowledge test in advance from today. By downloading the XSpring application on both IOS and Android systems and when it comes to the subscription day, just open the wallet and make a reservation by transferring money through a bank account through the original application.
“The XSpring application is well prepared so all investors can access it with ease. They can subscribe in advance from now to save time and increase their chances to buy the tokens once it is officially launched. The offerings will be done on a first-come-first-served basis”, added Mr. Asavanund.
Those who are interested can contact 02-038-5999, or follow the news of digital assets and digital tokens at:
Daikin teams up with Mahidol University to test the efficacy of Streamer technology in some of Daikin’s air conditioners and air purifiers
Daikin teams up with Mahidol University to test the efficacy of Streamer technology in some of Daikin’s air conditioners and air purifiers and confirms its ability to deactivate 99.9% of novel corona virus in Thailand
Mr. Akihisa Yokoyama, President of Siam Daikin Sales Co. Ltd, one of the world’s leading firms in air conditioning technologies, reveals that the firm has recently formed an official academic partnership with Faculty of Medical Technology at Mahidol University to evaluate the efficacy of Daikin’s patented Streamer technology in deactivation the novel corona virus (SARS-CoV-2) that is causing the current pandemic. This is to ensure the Thai consumers of Daikin’s wellbeing enhancing feature in its products and strengthen its position as the world’s leader in air conditioning technologies.
Earlier in July 2020, Daikin Industries (Japan) announced scientific test result with the University of Tokyo and Okayama University of Science in Japan which confirms that Streamer technology can deactivate 99.9% of SARS-CoV-2 after 3 hours of use. The test was conducted to instill confidence among Thailand consumers.
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Daikin teams up with Mahidol University to test the efficacy of Streamer technology in some of Daikin’s air conditioners and air purifiers
Siam Daikin Sales collaborated with Faculty of Medical Technology at Mahidol University to test the efficacy of Streamer technology against the SARS-CoV-2. The test, which was conducted with SARS-CoV-2 samples harvested from current outbreak areas in Thailand, confirms that the Streamer technology can deactivate 99.9% of SARS-CoV-2 that is spreading in Thailand. The test result from Mahidol University aligns with the one previously conducted in Japan.
Assistant Professor Dr. Hatairat Lerdsamran and research team at Faculty of Medical Technology at Mahidol University revealed that the efficacy test of Streamer technology was conducted with Daikin air purifiers MCK55TVM6, MC55UVM6 and MC40UVM6 and Daikin’s latest air conditioner model, ZETAS, to determine whether Streamer technology can deactivate SARS-CoV-2 that is presently spreading in Thailand. The test was done with SARS-CoV-2 sample harvested from COVID-9 positive patients, which was then cultured, categorized, and intensified to test the efficacy level of Streamer technology in Daikin products. The test result was scientifically confirmed that Streamer technology in three models of Daikin air purifiers MCK55TV6, MC55UVM6 and MC40UVM6 and Daikin ZETAS air conditioner can deactivate 99.9% of SARS-CoV-2 within 4 hours after 6 hours of operation (reference: test result dated 18 June 2021).
The test was conducted with SARS-CoV-2 in biosafety level 3 laboratory. One 31-litre acrylic box was fitted with Streamer technology from Daikin MC40UVM6 air purifier while the other was not. The SARS-CoV-2 viral solution was placed on 6-well plate (0.5ml each well), then on a centrifuge with 12times per/minute speed within the two acrylic boxes.
The Streamer equipment released plasma through the air to the 6-well plate where viral solution is being shaken on the centrifuge. The research then collected the viral solution from the well every 1,2,3 and 6 hours and counted the surviving live virus with Plaque method with Vero E6 cells and TCID50 process.
Mr. Akihisa Yokoyama says that the efficacy test confirms Streamer technology’s ability to effectively deactivate SARS-CoV-2 in Thailand under the Thai environment, and hence sets new benchmark in the air conditioner and air purifier industry. The effort also firmly professes Daikin’s mission to “Perfecting the Air” for all of its Thai consumers.
The collaboration between Siam Daikin Sales and Mahidol University also raises the standard of air conditioner industry in Thailand and further improves the tried and tested innovation to offer effective technologies to the consumers.
Streamer technology had been constantly developed by Daikin Industries (Japan) and was first introduced in the market in 2004. The technology releases Streamer discharge that has the ability to deactivate harmful matters and purify the air with stable, high-speed electrons – a technology which was difficult to harness and put into practice at the time. The efficacy is successfully achieved by Streamer technology’s oxidation method that deactivates harmful matters, which is 2-3 times more powerful than the commonly used glow discharge method.
Moreover, when combined with the air’s molecules, these high-speed electrons deactivate harmful matters with oxidation process, allowing it to rid the air of unpleasant odors, bacteria and in-door air pollutants such as formaldehyde among others.
Linden Cogeneration Announces Hydrogen Fuel Blending Arrangement Reducing CO2 Emissions by 10%
EGCO Linden II has invested in Linden Topco, a company that operates the Linden gas-fired power cogeneration project in the United States.
Electricity Generating Public Company Limited or EGCO Group through its subsidiary EGCO Linden II has invested in Linden Topco, a company that operates the Linden gas-fired power cogeneration project in the United States. The operating company has concluded an agreement with Phillips 66, a major oil refiner in the United States to receive refinery produced fuel gas containing hydrogen.
The operating company will modify the existing gas turbine of Linden Unit 6 so that refinery produced fuel gas containing the hydrogen, supplied by Phillips 66’s Bayway Oil Refinery adjacent to the power plant, can be mixed and co-fired with natural gas. After completion of this modification in 2022, Linden Unit 6 will be capable of mixed combustion with up to 40% hydrogen, reducing CO2 emissions by as much as 10% of the regular annual CO2 emissions from Linden Unit 6.
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Mr. Thepparat Theppitak EGCO Group’s President
Mr. Thepparat Theppitak, EGCO Group’s President, said, “Specialists in the power and fuels industry like our partners at Linden Topco from JERA Americas are working on advancements to make hydrogen a viable fuel option for power and transport. EGCO Group has also invested in the Gangdong fuel cell power plant in South Korea which uses hydrogen as its primary feedstock for power and heat generation. Through investments such as Linden Cogen and Gangdong, EGCO Group aims to accumulate technological know-how and experience that it can apply more broadly to its domestic and international projects in the future as the technology matures.”
“EGCO Group is in the forefront of Thailand’s plans to promote the use of hydrogen as a clean fuel for power generation. We are committed to promoting the adoption of cleaner fuels and the pursuit of excellence in new cutting-edge power generation technologies”, concluded Mr. Thepparat.
Linden Cogeneration Announces Hydrogen Fuel Blending Arrangement Reducing CO2 Emissions by 10%About Linden Cogen Facility
The Linden Cogen Facility consists of Linden Unit 1-5 (800MW) selling energy, capacity and ancillary services into the New York System Operator (NYISO-Zone J) and Linden Unit 6 (172MW) selling energy and capacity to PJM PS North power market in New Jersey. These are two of the most congested and capacity constrained power markets in the United States. The Facility also enjoys long-term process steam and electricity sales contracts with large investment grade industrial off-takers in the co-located Bayway refinery anchored by Phillips 66. The Facility gets the advantage of fuel supply resulting from its physical location in the city of Linden, New Jersey, and access to abundant sources of natural gas via multiple pipelines. Linden Cogen is owned by JERA Americas (50%), EGCO Group (28%), DBJ (12%), GS-Platform Partners (10%).
Huawei to invest US$100 million in Asia Pacific startup ecosystem over 3 years
Huawei has been helping Singapore build the first startup hub in APAC since 2020, and has expanded the program to Hong Kong, Thailand and Malaysia in the past year. At the summit, Huawei also announced that this program would focus its efforts on developing four additional startup hubs
Huawei announced its plan to invest US$100 million in startup support today at its inaugural Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark program, which aims to build a sustainable startup ecosystem in the Asia Pacific region over the next three years.
Huawei has been helping Singapore build the first startup hub in APAC since 2020, and has expanded the program to Hong Kong, Thailand and Malaysia in the past year. At the summit, Huawei also announced that this program would focus its efforts on developing four additional startup hubs – in Indonesia, the Philippines, Sri Lanka, and Vietnam – with the overarching aim of recruiting a total of 1,000 startups, out of which 100 are scaleups, into the Spark accelerator program.
In Thailand, Huawei Thailand collaborated with depa, NIA and other well-known partners to kick start “Spark Ignite 2021 – Thailand Startup Competition” in June 2021, calling for tech startups across Thailand to join this competition for a chance to enter the Huawei Spark Accelerator programme. This competition, aiming to be one of Thailand’s biggest and most influential start-up events, will highlight key aspects Thailand’s start-up ecosystem, feature 10 high potential startups from the whole country, and connect founders, venture firms, corporations and government.
The Spark Founders Summit was attended by representatives from many prominent Asian startups, academia, various industries and governments, and the media, as well as more than 50 regional top venture capitalists and over 300 startup founders. Speeches and panels at the event focused on the social value of this startup ecosystem and how startups can promote technological and ecosystem innovation, to contribute to local communities and drive socioeconomic development.
Three additional startup-related initiatives were launched by Huawei at the event: The Spark Developer Program, which aims to nurture a developer ecosystem powered by HUAWEI CLOUD in the Asia Pacific region; the Spark Pitstop Program, designed to onboard and support startups on HUAWEI CLOUD to accelerate product development; and the Spark Innovation Program (SIP), focused on facilitating enterprise innovation through the Spark startup ecosystem.
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Huawei Senior Vice President and Board Member Catherine Chen opened the summit by emphasizing how important startups are to social advancement and what Huawei is doing to support startups: “We all know how brilliant startups and SMEs are. They are the innovators, disruptors, and pioneers of our times. These companies account for two-thirds of jobs worldwide, create two-thirds of new jobs, and generate almost 50% of global GDP. 34 years ago, Huawei was a startup with just 5,000 dollars of registered capital. Recently, we have been thinking: How can we leverage our experience and resources to help more startups address their challenges? Doing so would allow them to seize the opportunities posed by digital transformation, achieve business success, and develop more innovative products and solutions for the world.”
Zhang Ping’an, CEO of Huawei’s Cloud Business Unit, noted, “Since its launch in 2017, HUAWEI CLOUD has been the world’s fastest-growing cloud, and has driven the growth of countless startups. Last year, we launched the Spark Program in Asia Pacific. Through this program, we are working with local governments, leading incubators, well-known VC firms, and top universities to build support platforms for startups in many regions. Now 40 startups are participating in our program.”
Zhang continued, “Starting today, we are stepping up our support for startups through four new initiatives, aimed at cloud-plus-cloud collaboration, continuous tech innovation, global and local services, and high-quality business ecosystems. Today, we launched our Cloud-plus-Cloud Collaboration and Joint Innovation Program, through which we will support startups with US$40 million worth of resources. Half of that investment is coming from HUAWEI CLOUD, half from Huawei Mobile Services (HMS). In 2021, our plan is to support 200 startups in the HMS ecosystem, and share our network of channel resources with developers worldwide who together serve 1 billion Huawei device users. In addition, we will open an HMS Developer Innovation Center to support 100,000 HMS cloud-native developers.”
More and more startups are pursuing end-to-end digitalization as they move towards a fully connected, intelligent world. HUAWEI CLOUD infrastructure works in conjunction with Huawei Mobile Services to support startups from all industries. Huawei’s cloud offerings help developers and partners to unify accounts, development platforms, and app distribution and operation. HMS is now the world’s third largest mobile app ecosystem, and is helping many startups expand their global influence. Currently, 4.5 million developers from over 170 countries and regions rely on HMS.
Huawei recognizes startups as key partners in creating social value and contributing to communities around the world. At the Spark Founders Summit, Huawei unveiled the latest data on its innovation research programs with startups. The data shows solid relationships between Huawei and more than 2,000 partners from across the Asia Pacific region, with ongoing initiatives to build support platforms in close partnerships with governments, top VCs, and leading universities in Hong Kong and Singapore.
Huawei rounded off the series of announcements with plans to give developers access to its global network of channel partners, including the world’s top 50 telecom carriers and local banking institutions. Finally, in terms of talent development, Huawei will build an HMS Developer Innovation Center to cultivate future talent in cooperation with 210 leading universities across the Asia Pacific region.
“‘In Asia Pacific, for Asia Pacific’ has been our unchanged commitment for the past two decades,” said Jeffery Liu, President of Huawei Asia Pacific, “Leveraging Huawei’s global customer base and full-stack technologies, the Spark Program will invest over $100 million in the next three years, and provide comprehensive support to build a sustainable startup ecosystem and create new value for the dynamic region.”
As the 1st global cloud vender who established local region (physical data centers) to provide REAL local services in Thailand, HUAWEI CLOUD is committed to help Thailand realize the visionary blueprint of Thailand 4.0 and to cultivate a digital ecosystem in the digital age. Huawei has launched online training series called Cloud Diary, which joined hands with local customers and partners from every industry to share best cloud-based experiences in agile innovation, reaching more than 700,000 total views among developers, universities students, teachers and enterprise employees. In 2021, it will continue sharing digital era’s necessary knowledge in the most close-to-life way.
Meanwhile, the HUAWEI CLOUD Warrior Workshop is operating monthly to cover IT practitioners from various enterprises including SMEs and Startups. Trending topics like Security and Compliance, Server and Database Migration to Cloud, Machine Learning, Enterprise Intelligent and Data Platform on Cloud, are hands-on practiced under professionals’ step-by-step instruction. Currently around 30 SMEs and startups are joining each session.
In November 2020, during POWERING DIGITAL THAILAND: HUAWEI CLOUD & CONNECT, the first Cloud Developer Contest of HUAWEI CLOUD Thailand is held. It encouraged participants to develop and deploy solutions that benefit Thai people and society at large by leveraging HUAWEI CLOUD’s basic and advanced services. As Mr. Abel Deng, CEO of Huawei Thailand emphasize, “Thailand is already a forerunner in Cloud, AI, and 5G adoption which will be the major driving force to implement cloud and intelligent transformation in various industries. The readiness of infrastructure is considered to be foundations for a digital economy. Therefore, we aim to bolster Thailand to become the Digital Hub of ASEAN to achieve Thailand 4.0 strategy.”
Fortune Releases annual fortune global 500 List 2021 Ranking Features 143 Chinese Companies, 122 U.S. Companies, and 53 Japanese Companies
Walmart Maintains Top Spot for 8th straight year; 27 companies make their debut
FORTUNE announced the FORTUNE Global 500 for the 2020 fiscal year, ranking the world’s largest corporations by revenue. Walmart claimed the top spot for the eighth consecutive year, and for the 16th time since 1995. Mainland China (including Hong Kong) once again has the most companies on the list, up 11 from last year with 135. Adding Taiwan, the total for Greater China is 143. The U.S. is up one with 122, and Japan held steady with a total of 53. The companies on the 2021 list are based in 220 cities and 31 countries around the world. This year there are 23 women CEOs of FORTUNE Global 500 companies, nine more than last year.
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FORTUNE Global 500 companies generated revenues totaling more than one-third of the world’s GDP. They generated $31.7 trillion in revenues (down 5%), $1.6 trillion in profits (down 20%) and employ 69.7 million people worldwide. Apple (No. 6) netted $57 billion in profits, and is the FORTUNE Global 500’s most profitable company in 2021, ending Saudi Aramco’s (No. 14) two-year reign.
Of the 2021 rankings, FORTUNE List Editor Scott DeCarlo says, “The radical changes the pandemic has wrought will have long-term implications for businesses worldwide. Using it as a catalyst, the Global 500 showed the world how to adapt, evolve, and reinvent themselves. The Global 500 is a picture of a world we’re rapidly leaving behind and also a guide to the new environment taking shape.”
THE FORTUNE GLOBAL 500 TOP 10 LIST:
1. Walmart (U.S.)
2. State Grid (China)
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3. Amazon.com (U.S.)
4. China National Petroleum (China)
5. Sinopec (China)
6. Apple (U.S.)
7. CVS Health (U.S.)
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8. UnitedHealth Group (U.S.)
9. Toyota Motor (Japan)
10. Volkswagen (Germany)
View the complete ranking here.
Explore a data visualization of the history of the Global 500.
In his foreword to the Aug./Sept. 2020 issue of FORTUNE, Acting Editor-in-Chief Brian O’Keefe writes:
Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2021. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year.
Bosch to produce motorcycle ABS in Thailand from 2022
Local support for global two-wheeler manufacturers in ASEAN – Production at Amata plant in Thailand to start in the second quarter of 2022. – From 2024, motorcycle ABS will be mandatory in Thailand for all new models over 125 cc. – Roughly 25 percent of accidents involving motorized two-wheelers could be prevented by motorcycle ABS.
To achieve its vision of making motorcycle riding safer, more efficient, and fun, Bosch makes market-specific products and solutions available to global two-wheeler manufacturers. In order to meet the increasing demand for safety systems in the Asian market, Bosch plans to start production of motorcycle ABS at its Amata plant in Rayong, Thailand, in the second quarter of 2022. Following Japan and India, therefore, the Amata plant will be Bosch’s third manufacturing site for motorcycle ABS in the world. This global manufacturing network allows Bosch to support global two-wheeler manufacturers’ efforts to optimize their supply chains. “With ABS10 light and base, we provide dedicated safety systems for the small commuter scooters and motorcycles that represent a major mode of transportation in ASEAN. Our customers will benefit from local production at an established plant that already has experience of producing four-wheeler ABS systems,” says Geoff Liersch, president of the Two-Wheeler & Powersports unit at Bosch.
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Since 1996, the Amata plant has been growing in importance as a manufacturing site, producing a range of four-wheeler automotive components in the fields of chassis systems, electrical drives, and powertrain. Four-wheeler ABS products have been produced there since 2014.
Stricter safety standards for two-wheelers in southeast Asia
On May 15, 2021, the Thai Department of Land Transport announced in the government gazette that ABS is to be mandatory for all new motorized two-wheeler vehicle models with an engine displacement of more than 125 cc from 2024. In addition, it will be mandatory for all existing models from 2026. According to the World Health Organization (WHO), the rate of road-traffic fatalities in Thailand is the highest in the ASEAN countries. While the figure for southeast Asia as a whole is for 20.7 deaths per 100,000 inhabitants, the figure for Thailand is 36.2. In southeast Asia, accidents involving motorized two- and three-wheelers account for 43 percent of all road traffic deaths.
Bosch to produce motorcycle ABS in Thailand from 2022
Bosch can help make roads safer
Greater two-wheeler safety requires awareness and education of riders as well as the installation of vehicle safety systems. Motorcycle ABS supports riders while braking, even when braking hard or riding on slippery roads. It prevents wheels from locking up, and ensures vehicle stability and optimum deceleration. Bosch accident research studies show that if all two-wheelers were equipped with ABS, roughly 25 percent of accidents involving motorized two-wheelers could be prevented. “User-centric mobility is at the heart of Bosch’s business, and motivates us to develop technology that will make mobility safer for all road users”, adds Martin Hayes, regional president of Bosch Southeast Asia. “This development cements Bosch’s commitment not only to road safety in general, but to the countries we operate in.”
‘Banthoon Lamsam’ recognized as Asian financial industry leader
The Asian Banker, Asia’s leading financial and economic journal, presented The Asian Banker Leadership Achievement Awards 2021 for Lifetime Achievement in Leadership in the Financial Services Industry to Mr. Banthoon Lamsam, Chairman Emeritus of KASIKORNBANK (KBank),
The Asian Banker has recognized “Banthoon Lamsam” as a highly accomplished leader in the financial services industry. During his tenure, he led KASIKORNBANK to weather multiple crises, providing for stable business growth while also firmly embracing corporate social responsibility. He steered the organization towards becoming a world-class Bank of Sustainability. His enduring and illustrious 40-year career at KASIKORNBANK is a hallmark of the industry.
The Asian Banker, Asia’s leading financial and economic journal, presented The Asian Banker Leadership Achievement Awards 2021 for Lifetime Achievement in Leadership in the Financial Services Industry to Mr. Banthoon Lamsam, Chairman Emeritus of KASIKORNBANK (KBank), for his myriad accomplishments during his leadership at KBank. He is the first-ever Thai financial institution leader to receive this prestigious award.
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The award is based on a selection of the most accomplished veterans of the Asian financial and banking industry. They must possess a concise long-term vision that has paved the way for their organizations to become more stable and sustainable in a concrete manner. Additionally, they have fine-tuned related business strategies and promoted a collaborative management approach in helping steer their organizations towards the right direction in a unified manner.
This prestigious award recognizes the leaders that have risen above their peers while also having distinguished reputations, skills and achievements. This award is also bestowed upon those leaders who have raised the bar for success in the financial services industry. Previous recipients of this award have made considerable contributions to establishing their organizations, and even creating an entire industry in their home country in some cases.
The Asian Banker journal bestows this award upon individuals who have not only reshaped the institutions that they work for, but also engendered important changes within the financial services industry in their respective countries and regions. Hence, they are considered outstanding figures based on their lifetime contributions and leadership. Such recipients are also distinguished by traits such as humility, integrity of the highest order, impressive accomplishments in the industry, and an uncanny common sense that is increasingly overlooked in business today. Their accomplishments are well-regarded by both friends and market rivals alike.
Those who have won this recognition in the past are financial services leaders in various Asian countries, including Dr. Zhou Xiaochuan, former Governor of People’s Bank of China; Dr. Zeti Akhtar Aziz, former Governor of Bank Negara Malaysia; Mr. Amando M. Tetangco Jr., former Governor of Bangko Sentral ng Pilipinas; and Mr. Liu Mingkang, former Chairman of China Banking Regulatory Commission.
The Council of Advisors of the Leadership Achievement Awards observed that Mr. Banthoon has displayed visionary and strategic leadership during his enduring and illustrious 40-year career at KBank, which is a significant hallmark in the Thai banking industry. Throughout Mr. Banthoon’s tenure at the helm of KBank, it has been transformed into an exemplary organization which has gained wide acceptance and recognition, and has proven able to navigate a series of crises and challenges. KBank continues to deliver strong performance, while embracing corporate social responsibility and good corporate governance. Mr. Banthoon’s leadership has steered KBank on its path towards becoming a world-class Bank of Sustainability.
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XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICOMr. Att Tongyai Asavanund, Chief Executive Officer, XSpring Digital Company Limited, an ICO Portal in Thailand obtained an approval from the SEC, said “XSpring can see the potential growth of the ICO market in Thailand, providing more opportunities for both traditional and new-gen investors to invest in digital assets market. Today, we have been successfully approved and are now ready to introduce SiriHub, Thailand’s first Real Estate-Backed Token that will generate returns with quarterly revenue sharing of 4.5% and 8.0% per year1 for each of token groups. SiriHub token is a real estate-backed ICO so it will provide more confidence, and this open a new chapter in Thailand’s capital market history as it gives more chances for investors of all levels to invest in this major project with potential for future growth such as the Siri Campus located in T77 – a new residential development and modern lifestyle hub at Onnut, Bangkok with a long-term lease agreement for 12 years.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
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Mr. Thepparat Theppitak EGCO Group’s President
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