Tag Archives: เศรษฐกิจ

‘One Bangkok’ and SCG embrace circular economy principles for ambitious property development project

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https://www.nationthailand.com/business/corporate/40019584

A 120-billion-baht mega-project, “One Bangkok”, will be the first large-scale property development project in central Bangkok that features new design standard and follows sustainable construction practices under the concept of circular economy.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

The 104-rai (16.64 hectares) project is coming up on the corner of Wireless and Rama IV roads, co-developed by Frasers Property Limited in collaboration with the country’s leading construction material conglomerate, Siam Cement Group (SCG). The project aims to create premium office buildings, hotels and retail spaces as well as luxurious residential buildings with combined usable area of 166,400 square metres.

Both companies recently signed a memorandum of understanding (MoU) to manage the project using sustainable construction practices under the circular economy principles in four aspects: Use of precast walls made from recycled concrete from foundation piles, use of Q-CON sound barriers made from recycled lightweight bricks, waste management in the construction site, and turning food waste into fertiliser.

The MoU aims to reduce the use of resources and manage the waste created by the construction and building maintenance, a challenging task in a large-scale construction project in urban areas. Both Frasers Property and SCG hope that their cooperation will help raise construction industry standards in terms of sustainability that can be applied to projects of any scale.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, said: “One Bangkok is a masterpiece project of Frasers Property that strives to set a new standard in design and sustainability for Thailand’s property landscape. We have been working with SCG, our strategic partner in creating value to the project by laying a groundwork for sustainable construction under the circular economy principles.”

“This endeavour is in line with Frasers Property’s goal of achieving net zero carbon emission target within the year 2050 under the company’s sustainability policy,” he said.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

“Frasers Property is committed to driving the industry forward by integrating environmentally friendly practices and social responsibility into our value chain that covers investment, design, development, and operation of our property projects. We aim to achieve efficient usage of energy and resources while using modern techniques and tools to tackle energy- and environment-related problems,” he added.

Nithi Patarachoke, president of SCG’s cement-building materials business, said: “The expansion of the construction business in Thailand has resulted in increasing amount of waste materials. As a leading manufacturer and distributor of building materials, SCG is implementing the circular economy principles by developing new products and services that help minimise construction waste. For example, we have come up with a new concrete mix formula to manufacture ready-to-use concrete sheet from leftover concrete from construction sites.”

“Under SCG’s holistic construction waste management plan, we believe that the One Bangkok project can help raise the standard of the construction industry to be more environmentally friendly by becoming the ‘Green Construction’. This will help promote the sustainable development of Thailand’s infrastructure in the future, due to the simple concept of ‘turning waste to value’,” he added.

'One Bangkok' and SCG embrace circular economy principles for ambitious property development project

The MoU signed by Frasers Property and SCG covers four aspects of sustainable construction management:

▶︎ Using scrap concrete from cutting foundation piles to manufacture precast walls for use in the One Bangkok project 

The move aims to reduce waste and dust particles from the construction site by implementing a new crushing technique on foundation piles’ caps that will allow the scrap concrete to be recycled into precast walls to be installed as the external wall of buildings in the One Bangkok project.

▶︎ Holistic construction-waste management plan

Frasers Property has assigned SCG to be responsible for the sorting and management of wastes from the construction site of One Bangkok, including construction waste, toxic waste and food waste from the start of the project. SCG will use the latest technology to track the amount of waste in real time to plan a waste management strategy accordingly and ensure efficient waste management throughout the construction site.

▶︎ Use of leftover lightweight bricks to manufacture Q-CON sound barriers

SCG will use aggregating machines to turn leftover lightweight bricks into a mixture to manufacture Q-CON sound barriers to be fitted at the tunnel wall leading to One Bangkok’s entrance. This will be Thailand’s first commercial-scale use of recycled concrete waste to make Q-CON sound barriers.

▶︎ Use of food waste composter machine to turn food waste into fertiliser 

The One Bangkok project will install food-waste composters that are widely used by leading establishments worldwide to turn food waste into soil fertiliser for the project’s gardens and parks. These composters operate in a closed-circuit system to minimise unwanted odour and can decompose food waste into fertiliser in 10 hours. The finished fertiliser has been tested for safety, is free of germs and contains necessary minerals as per the Department of Agriculture’s requirements. In the early phase, the composters will be used mainly to manage food waste from construction camps, while later when the project finishes, they will be installed throughout the project areas.

To emphasise its commitment to becoming an environmentally friendly and socially responsible project, One Bangkok will also join the Thailand Sustainability Expo 2022, which will be held at the Queen Sirikit National Convention Centre in Bangkok from September 26 to October 2. Organised under the concept of “Sufficiency for Sustainability”, the expo will feature exhibitions, seminar sessions on sustainability, showcases of world-class innovations for society and the environment, as well as a variety of activities.

One Bangkok is a 120-billion-baht fully-integrated district and Thailand’s largest private property development project, comprising five premium office buildings, five luxury and lifestyle hotels, three luxury residential towers, four interconnected retail precincts, and art and cultural hubs located on a 104-rai (16.7-hectare) plot at the corner of Wireless Road and Rama IV Road.

One Bangkok aims to achieve Thailand’s first LEED for Neighbourhood Development Platinum standard. Additionally, all five premium office towers and a residential tower will be built to WELL Platinum standards, setting a new benchmark for green and sustainable developments for Thailand.

The first phase is scheduled for opening in the last quarter of 2023 with full completion in 2026.

Published : September 02, 2022

By : THE NATION

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

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https://www.nationthailand.com/business/corporate/40019664

(September 2, 2022) The NT State Enterprise Union group submitted an appeal to the President of Chulalongkorn University requesting an investigation on research services of Chula Unisearch, in the matter of the business merger between True Corporation PCL and Total Access Communication PCL or Dtac.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

Prof Dr Parichart Sthapitanonda, Vice President for Academic Affairs and Social Outreach at Chulalongkorn University, was delegated to receive the document on this occasion.

The appeal stemmed from the news that the National Broadcasting and Telecommunications Commission (NBTC) had hired Chula Unisearch to perform a study and analysis of the business merger between True and Dtac for a sum of 10 million baht. Subsequently, parts of the study were disclosed and it appeared that there was broad public criticism of the quality and standards of the work with the following issues:

1. The issue of NBTC’s powers of consideration according to the law

Chula Unisearch had the opinion that NBTC, despite being an independent organization under the Constitution with the authority and obligations to regulate broadcast and telecommunications businesses, but however lacked the authority to approve or disapprove the business merger on this occasion. It is only able to specify conditions or specific measures to enforce. Also, the results of the study also stated that the Announcement of NBTC in the matter of measures to oversight on Telecom business mergers of 2018 was a secondary law with without the basis of legal authority established by the original law. Therefore, the authority to consider the merger was under the oversight of the Trade Competition Commission Thailand.

This opinion was severely criticized for being in complete conflict with the opinion of the NBTC Subcommittee which had been appointed with a former Arbitrator at the Supreme Administrative Court, a former High Court judge, and an academic from the Faculty of Law involved with teaching and research in trade competition law. It was also in violation of the order of the Central Administrative Court in Case Black no. 775/2565, which stated clearly that NBTC has the legal authority to consider approval or disapproval of this business merger, if it was seen to be causing a monopoly, or reducing or limiting competition in telecommunications. Also, the Trade Competition Commission had also previously affirmed that the merger of these telecom businesses was in the authority of NBTC, according to its establishing laws.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

2. Issue of business merger impact analysis 

It is well known and of great interest to the general public that the business merger between True and Dtac is one of the largest ever mergers in the country’s history. It will give rise to a new company with market share in mobile phones of over 50%, in terms of both users and revenues, as well as industry. Most importantly, it will reduce big operators in the market, which currently has severe competition between three operators, to just two. This is a state of monopoly, impacting service users who will shoulder the burdens of more expensive service charges. The two big service providers will have no further incentive to compete, particularly on price. In a study from TDRI, a large number of academics from all around the country, consumers associations and organizations, and the general public have expressed opinions objecting to the merger or disagreeing with it. Even the study of NBTC’s Economic Subcommittee, established for this express purpose, had an opinion in the same direction.

However, it appeared that the opinion of Chula Unisearch had failed to demonstrate an analysis or opinion on this impact in any clear way. Moreover, it had the characteristic of inclining in favour of the merger, by invoking various benefits such as economies of scale, more efficient access to network signal, better coverage, building resilience into the network quality, and providing greater convenience to consumers from an increased number of after-sales service outlets, etc. All of these points are the benefits of the service provider and overlook the severe impacts on the general public of service users. This report, besides having issues of research quality and professionalism, also raised doubts and suspicions about its ultimate objective, as to whether it really was fulfilling the needs of the Office of NBTC, its client, or vested interests in this business merger, if it comes to fruition.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

The NT State Enterprise Union group were acting as concerned members of the public with this criticism which had occurred. Chulalongkorn University is an institution with a long-standing high reputation among educational establishments, as a leading national center of knowledge, producing personnel with quality and ethics, to bring prosperity and progress to the country and benefit the people. It is also a highly credible organization with the trust of the people for over 100 years since its foundation. Issuing studies or reports in the university’s name implicate the university and the reputation of other faculties. Operations should be circumspect and neutral according to universally accepted academic principles. They should be able to justify their opinions, the results of their research and or object constructively. This particularly applies to research or reports with impacting on the general public of mobile phone service users, who are most people in the country.

True-Dtac merger deal still in chaos; Chula president urged to investigate its merger survey after widespread doubts in transparency

Therefore, the NT State Enterprise Union group requested the university to conduct an investigation on procedure for taking on work, and on the research procedures or academic research reports from Chula Unisearch. These should be transparent and according to academic principles and the principles of research. They should be conducted in an appropriate time frame, and they should yield quality results without any suspicions attached, to maintain the good reputation of Chulalongkorn University.
 

Published : September 02, 2022

NIA envisages Thailand as innovation-driven Food Silicon Valley

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https://www.nationthailand.com/business/econ/40019674

Thailand’s National Innovation Agency (NIA) has set the goal of transforming the country into the world’s Food Silicon Valley. It is part of the agency’s policy to transform Thailand into an innovation-driven economy.

NIA envisages Thailand as innovation-driven Food Silicon Valley

NIA executive director Pun-Arj Chairatana said during the “Thailand Global Innovation Forum 2022” on Friday that innovation is the key engine propelling the country forward in this post-pandemic era.

He said that the country’s innovation is already above average in comparison with other countries. However, Thailand is not in a good position because there are still many disadvantages to overcome.

Thailand’s progress is hampered by a lack of clear regulations, insufficient financial support and funding, and fewer outstanding startups. According to the most recent Global Innovation Index (GII), the country has remained ranked 43rd or 44th since 2020.

“If we don’t come out with practical policies and strategies, other countries will overtake Thailand. We cannot let that happen,” said Pan-Arj.

He suggested that all parties involved start by focusing on the food industry, as it is one of Thailand’s core businesses.

NIA envisages Thailand as innovation-driven Food Silicon Valley

Many of the world’s leading food companies are Thai, indicating that the country already has a global supply chain and production. Hence, simply increasing efforts to improve food innovation will assist Thailand in leapfrogging others.

Besides, as Thailand is very competitive and well-known in the food industry, this will help to attract leading food innovation nations like the Netherlands, France and Israel to invest and collaborate with Thailand.

“We have more chance than other competitors when it comes to the food business,” said Pan-Arj.

Pan-Arj stated that the NIA, as the agency in charge of facilitating all parties in adopting and developing innovation, will help incubate and accelerate startups, connect these small startups with big names in the markets, and mitigate risks to the greatest extent possible.

The agency also will encourage the government to implement supportive policies and a sandbox, establish a financial innovation system, and collaborate with universities to groom talents.

NIA envisages Thailand as innovation-driven Food Silicon Valley

Speaking on the topic of “Global Foresight: Futures of Innovation Nation”, René Rohrbeck, director of the Chair for Foresight, Innovation and Transformation, EDHEC Business school, France said there are four factors that will drive change in Thailand.

The first factor is Thailand’s 4.0 policy, which aims to transition the country from a manufacturing-based to a technology-based economy. Then there’s the expansion of international services, from solely relying on tourism to offering professional services with indirect businesses all the way up the value chain.

The next factor is to transition to innovation and knowledge-driven economy, which will provide skilled labour to the country. The final factor is that Thailand places a high priority on a green economy and sustainable development.

Thailand Global Innovation Forum 2022 is being held to commemorate the NIA’s 13th anniversary as a public organisation. To commemorate the occasion, the agency has set the goal of propelling Thailand into the top 30 Global Innovation Nations by 2030.

Published : September 03, 2022

By : Nongluck Ajanapanya

SEC cracks down on crypto companies for making false promises

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The Securities and Exchange Commission (SEC) has said it is tightening controls on cryptocurrency companies to protect retail investors and bring Thailand’s crypto trading standards up to international levels.

SEC cracks down on crypto companies for making false promises

In a statement on Thursday, SEC said some crypto trading advertisements did not include a warning on the currency’s high volatility. SEC said most promotions only highlighted positive information, with the warning printed in a font that is too small to read.

“These advertisements can lure people into investing without considering the risks and conditions, which could result in damages to the investors,” SEC said.

The companies have 30 days to comply with the new rules, which include:

• Advertisements cannot feature false, misleading or exaggerated claims. Firms can only advertise the number of customers who have actually opened an account and are using the services.

• Operators must provide SEC with details of advertising spending and the use of influencers and bloggers as per SEC’s terms, conditions and timeframe.

• Warnings should be clear and easy to read, while advertisements must feature balanced views providing information on both positive and negative factors.

• Crypto companies must limit their advertisements to official channels such as their website to prevent impulse buying. Other services, however, can still be advertised via other channels.

SEC has also barred cryptocurrency operators from having an “introducing broker agent” or IBA, a licensed agent who advises customers on investments in exchange for a fee. Operators of digital tokens, however, are allowed to have an IBA.

The commission has been cracking down since the crypto industry came under greater scrutiny. On Wednesday, it imposed a 1.92 million baht fine on digital asset trader Zipmex Thailand Co Ltd for suspending digital asset trading and stopping investors from depositing or withdrawing from the company’s crypto wallets in late July.

On Tuesday, Samret Wajanasathian, chief technology officer of crypto exchange company Bitkub, was fined 8.53 million baht for insider trading. He was also barred from holding an executive position for 12 months.

Last week, Siam Commercial Bank backed out of a 17.85 billion baht deal to buy the majority share of Bitkub, citing unresolved issues with the securities regulator.

Published : September 02, 2022

By : THE NATION

Creditors accept THAI’s revised rehab plan

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Most of Thai Airways International (THAI)’s creditors have accepted the revised rehabilitation plan, which the airline says will be a key step towards its recovery.

Creditors accept THAI’s revised rehab plan

The national carrier reported to the Stock Exchange of Thailand on Thursday that creditors who hold 78.59 per cent of the total debt had accepted its plan in a meeting conducted online by the Official Receiver. The plan had been submitted to them on July 1.

The result will next be reviewed by the Central Bankruptcy Court in a hearing on September 14, THAI said.

Thanking the creditors for their confidence in the plan, THAI said this will help the airline lay its foundation for sustainable growth and profit-making abilities in the future.

Under the revised plan, THAI aims to borrow 12.5 billion baht over six years and another 12.5 billion baht in the shorter term, the airline’s chief of finance Chai Iamsiri said.

Previously, THAI expected to face a cash deficit of 50 billion baht and planned to match that by borrowing 25 billion baht from state agencies and the remainder from private institutions.

Creditors accept THAI’s revised rehab plan

Chai said the airline had discussed the revised plan with stockholders and the Finance Ministry supported it.

He added that there were two ways of finding funds, one was seeking additional funding via debt-to-equity deals with current creditors or getting funds from stockholders and new investors, while the second was to find new lenders.

He said that if the airline manages to get enough funding from existing sources, it will not need to seek new ones.

Thanks to the recovery of the aviation industry and high booking rates, THAI said it is confident this rehabilitation plan will be successful and achieved within the deadline.

Published : September 02, 2022

By : THE NATION

BOT eyes decree on leasing, hire-purchase sector in bid to control informal lending sector

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The Bank of Thailand (BOT) is preparing a draft royal decree to supervise the leasing and hire-purchase market to tackle informal debt issues.

BOT eyes decree on leasing, hire-purchase sector in bid to control informal lending sector

Suwannee Jatsadasak, BOT’s senior director, said the draft royal decree under the 2008 Financial Institution Business Act is being created to protect people, especially those buying cars or motorcycles under long-term leasing or hire-purchase deals.

She said the decree will focus on supervising non-banking facilities and dealers’ market conduct and macro-prudential regulations to ensure household debts in Thailand do not get out of hand.

She said that since the leasing and hire-purchase sector was rising by about 5.5 per cent per year, complaints against these businesses will likely increase.

“BOT is currently talking with the Consumer Protection Board about the option of supervising fees and interest rates applied in the leasing and hire purchase sectors,” she said.

Meanwhile, Thailand Motorcycle Hire Purchase Association president Mongkol Peanpitakkit complained many non-banking entities and dealers do not understand some details of the draft royal decree.

“They don’t understand some details, such as what they are expected to do with market conduct,” he said.

Mongkol, who is also managing director of T-Leasing, expects the leasing and hire-purchase of motorcycles to grow in the fourth quarter of this year, thanks to the recovery in the economy and production capacity.

He added that T-Leasing was maintaining its growth target of 25 per cent.

A source from the motorcycle leasing and hire-purchase sector said the decree will focus more on dealing with informal lenders as they have not been under official supervision yet.

The source also expects BOT to require that informal lenders register their business in the future.

Published : September 02, 2022

By : THE NATION

Thai Farmers will gain revenue from diners under Tip Your Farmer blockchain initiative

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MultiCORE International Group sponsored game changing innovation around transparency and sustainability within food supply chains that will benefit growers and consumers.

Thai Farmers will gain revenue from diners under Tip Your Farmer blockchain initiative

MultiCORE International Group has sponsored an initiative entitled Tip Your Farmer that utilizes emerging blockchain architecture to support new levels of transparency and direct rapport between a restaurant guest and the farmers that provided them their meal.

Should the guest wish to check the provenance of the ingredients, they will be able to do so by scanning a quality seal on the menu and, if they wish, add a gratuity to the bill that will go straight to the farmer.

MultiCORE explained the innovative scheme during an event held the evening of August 24th at The Athenee Hotel, a Luxury Collection Hotel, Bangkok. The exclusive dinner event was attended by potential consumers, Thai influencers, and people from diverse backgrounds who share the same interest in traceability and sustainability within food supply-chains, supported by emerging blockchain digital architectures. The following day, MultiCORE also sponsored a consultation and workshop for farmers and growers interested in being a part of the Tip Your Farmer pilot initiative.
 

Participating hotels and restaurants would feature a seal on the menu that reads: “Blockchain Certified: Proof of Provenance.” By using a smartphone to scan the seal, the guest would see information on the organic and sustainable methods that were used to provide the meal, as well as the measures taken to assure that the meal was properly and ethically sourced, including fair wages for workers and humane treatment of animals. The guest also has the option of tipping their farmer via a QR code that brings them into an application on their phone. The application will walk them through a brief process in which they may directly reward, or pay gratitude to, the individuals and/or their local farming communities. 

Thai Farmers will gain revenue from diners under Tip Your Farmer blockchain initiative

Tip Your Farmer is being piloted as part of an official proof-of-concept research initiative sanctioned by the World Economic Forum (WEF) and is proposed and led by Marcus Shingles, who led the event as guest speaker. 

Mr Shingles is an official member of WEF’s Expert Network, and has a specific focus on digital transformation, innovation, and helping organizations navigate disruptive change brought about by emerging technologies. He is the Chief Innovation Officer and Managing Executive Director of “Smart City & Urban Innovation” at MultiCORE, where he is leading a global team on a multi-year initiative to design and build entirely new smart-cities as part of future-oriented sustainable communities. MultiCORE is leading multiple Smart City & Urban Innovation projects throughout Southeast Asia and the Middle East to include Thailand, Cambodia, and United Arab Emirates. In Thailand, MultiCORE is in the initial development phase for a new Smart, Innovative & Cognitive City concept to be developed in the north.

The majority of the research is being underwritten by MultiCORE with an in-kind donation as well as providing pro-bono local resources in Thailand to support the pilot. Specifically, Michael Saif Ghanima, Group President, has agreed to support the research by covering travel and other operational expenses for participants, as well as offering his local team of young talented professional women at MultiCORE’s Thailand office to assist with language translation and facilitating discussions with farmers and growers involved in the pilot. 

MultiCORE explained during the event that Thailand was a perfect location to launch the pilot program since Thailand promotes itself as the “Kitchen of the World” on account of its strength in the food industry, arising from its abundant natural resources, continuing investment in food innovation and commitment to food safety standards. In 2021, Thailand ranked 13th largest food exporter in the world, with exports valued at USD30.5 billion. The Tip Your Farmer initiative will highlight Thailand’s sustainability efforts to the global market and assist with post-Covid economic recovery efforts.

The Athenee Hotel is acting as the pilot for Tip Your Farmer, the project being supported by Brendon Partridge, the Hotel Manager, who overseas food and beverage, and Choo Leng Goh, The Athenee’s General Manager. 

The hotel was selected by MultiCORE because of its sustainability focus. Amongst its many environmental programs, The Athenee has for several years been conducting a policy of sourcing organic produce directly from Thai farmers and serving it in the hotel restaurants, thereby promoting the sustainable concept to consumers and providing the local farming communities with a sure income. 
 

Published : September 02, 2022

By : THE NATION

BTS Group strives towards sustainable operation, driving Thailand forward to Net-zero emission by 2065

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https://www.nationthailand.com/pr-news/business/pr-news/40019640

Bangkok, August 26, 2022 — Mr Daniel Ross, Chief Investment Officer and Head of Sustainability at BTS Group Holdings Public Company Limited (BTSG), stated at “Asia Pacific Business Forum (APBF) 2022: Toward an Asia-Pacific Green Deal for Business” that BTS Group is determined to cooperate with all sectors in driving environmental action in line with Thailand’s participation in the Paris Agreement, United Nations Framework Convention on Climate Change initiative to achieve carbon neutrality by 2050 and reach net zero by 2065.

BTS Group strives towards sustainable operation, driving Thailand forward to Net-zero emission by 2065

Mr Ross said “BTSG operates the world’s first and only mass transit rail company certified as carbon neutral. Since its inauguration, BTS SkyTrain has allowed mass transit in Thailand to avoid an equivalent of 1.9 million tonnes of carbon dioxide (CO2) emissions. The company remains committed to improving its energy efficiency by finding alternative energy sources and having at least 10% of energy for its operations be from renewable sources, even carrying out a feasibility study on Solar PV Rooftops   its Pink and Yellow Line Monorail depots. For the construction of our railway extensions and other projects , we prioritized environmentally friendly policies, such as reducing PM2.5 pollution from construction, and noise pollution.”

BTS Group strives towards sustainable operation, driving Thailand forward to Net-zero emission by 2065

“Operating in accordance with sustainable development principles is challenging both in terms of time and cost, making it crucial to build cooperation among all sectors. The government sector faces the added challenge of having to set regulations and policies regarding green infrastructure and enhancing the role of entrepreneurs towards greater responsibility. Most important, however, is public cooperation, people need to realize the importance of mitigating environmental impact and helping to reduce CO2 emissions,” he added.
 

BTS Group strives towards sustainable operation, driving Thailand forward to Net-zero emission by 2065

Mr Ross also presented four of his suggestions for national and international collaborations toward sustainability: 1) Increased support for Renewable Energy Supply & Utilisation in the region; 2)Incentives for operators to mitigate their environmental and improve their businesses for greater eco-friendliness, e.g., benefits for organizations with eco-friendly policies or activities; 3) Exchanges of eco-friendly operation knowledge and technology  at the regional level; and 4) Establishment of networks in support of eco-friendly development partnerships and joint operations for sustainability.

BTS Group strives towards sustainable operation, driving Thailand forward to Net-zero emission by 2065

The Asia-Pacific Business Forum (APBF) has been held annually since 2004. This year, APBF 2022 was held on August 26, 2022 at the ESCAP Hall of theUnited Nations Conference Centre in Bangkok, and online in cooperation with the ESCAP Sustainable Business Network (ESBN), state agencies, business organizations, civil societies, and over 300 academics from across the region. The forum facilitated exchanges on management, recommendations, and innovative concepts aimed at environmentally-friendly and sustainable developments for business operations in the Asia-Pacific.
 

Published : September 02, 2022

By : THE NATION

4th Rangsit University International Ganesh Festival 2022

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Rangsit University hosted 4th RSU International Ganesh Festival on 31st August at Rangsit University. The purpose of this grand annual Ganesh Chaturthi (Birthday of Shree Ganesh or Phra Phikanet) festival is to celebrate the divine grandeur festivities of lord Ganesh at Rangsit University.

4th Rangsit University International Ganesh Festival 2022

As Thailand and India celebrate 75 years of the establishment of diplomatic relations between two countries, the event is also aimed to strengthen social and cultural relations between India and Thailand.

This year, the festival activities are mainly aimed to pray for the well-being of the billions of people in Thailand, India and around the world who are recovering back from adversities due to Covid-19 pandemic.

The Ganesh festival has been celebrated since the time of King Shivaji Maharaj.

It was during India’s freedom struggle that Lokmanya Tilak changed Ganesh Chaturthi from a private celebration to a grand public festival where people from all castes of the society can come together, pray and be united.

Ganesh Chaturthi also known as Vinayaka Chaturthi is one of the important Hindu festivals celebrated across the world with a great devotion for lord Ganesh.

This day is celebrated as the birthday of Lord Ganesh, the elephant-headed son of Lord Shiva and Goddess Parvati.

Lord Ganesh is the symbol of wisdom, prosperity and good fortune.

The day-long festivities include welcoming lord Ganesh and Sthapna puja, devotional cultural program, opening ceremony, Ganesh amulets, instrumental music concert, ganesh mahaprasad, and sewa activities for 151 families of the neighbourhood community who are facing challenges and adversities due to COVID-19 pandemic.

The festival ends with the ceremonial procession and immersion of Ganesh idol in water.

4th Rangsit University International Ganesh Festival 2022
4th Rangsit University International Ganesh Festival 2022

“We all believe in lord Ganesh and festival activities in Thailand have created a divine atmosphere for people-to-people interactions and cultural exchange and strengthened socio-economic and cultural relations between India and Thailand. Said Thanikan Pornpongsaroj, Member of Parliament, Thailand,”

“India and Thailand have had deep-rooted cultural relations for centuries. We believe that Shree Ganesh rituals conducted at Rangsit University will further contribute to good health, safety and prosperity for the people in Thailand and around the world. Said, Dharmendra Singh, Head of Chancery, Embassy of India, Thailand”.

Hundreds of devotees joined the festival activities physically as well as online. The Thai and Indian communities generously contributed and provided wholehearted support in making this landmark event a resounding success.

4th Rangsit University International Ganesh Festival 2022
4th Rangsit University International Ganesh Festival 2022

Published : September 01, 2022

Ministry of Commerce – DITP declared a success of TILOG VE 2022

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https://www.nationthailand.com/business/pr-news/40019632

The Department of International Trade Promotion (DITP), Ministry of Commerce, has proved a remarkable turnout of TILOG Virtual Exhibition: TILOG VE 2022 with a track record of successful in the second-year event. Generating more than THB1.24 billion of trade value.

Ministry of Commerce – DITP declared a success of TILOG VE 2022

Phusit Ratanakul Sereroengrit, Director-General of DITP, revealed that TILOG VE 2022 was held previously during August 24 – 26, 2022 on the platform http://www.tilog-ve.com in response to the promoting clusters of services, especially services of logistics providers as well as driving Thailand as a logistics hub in Asean policy of Deputy Prime Minister and Minister of Commerce, (Jurin Laksanawisit).

TILOG VE 2022 is humbled by the overwhelming response from international logistics service providers and buyers from various countries around the world namely China, Myanmar, Lao PDR, Vietnam, Singapore, South Korea, Taiwan, India, Hungary, Russia, Nigeria, Kenya, etc. 

“During the three-day event, there were 24,886 participants joining the virtual exhibition, resulting in 296 business matchings. The trade value of 1,244.20 million baht was generated, which exceeded the expected success,” he said

The success of this event has proven that there are readiness and increasing demand for international transportation in line with the value of Thai exports.

It is also an important opportunity for Thai logistics entrepreneurs to build a business network and expand the service to meet the target group effectively.

Ministry of Commerce – DITP declared a success of TILOG VE 2022

The DITP will be organizing related activities to develop and promote Thai logistics entrepreneurs, such as the Trade Logistics Symposium 2022, the international symposium on global trade logistics, under the theme Empowering E-Commerce and Cross Border Logistics.

The event is a stage for sharing and exchanging insights and knowledge regarding e-commerce and cross-border trade. Renowned speakers from the logistics industry both domestically and internationally will take to the stage to share their views on September 1-2, 2022 at Hall 2 Lido Connect and webinar.

In addition, the event entitled Digital Life…Digital Logistics by DITP, will be held between September 3 – 4, 2022 at Future Park and Zpell Rangsit shopping centres.

The line-up of e-logistics and technology manufacturers participate in booths to present products and services to interested entrepreneurs. Interested participants can join the above-mentioned events free of charge. 

Ministry of Commerce – DITP declared a success of TILOG VE 2022

Published : September 01, 2022