Bangkok Land spearheads a corporate social initiative dubbed “IMPACT Farm”

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https://www.nationthailand.com/business/40015736


Paul Kanjanapas, chief executive officer of Bangkok Land Public Company Limited, has started an organic farm to not only support local farmers but also promote healthy eating through the consumption of organic products.

Bangkok Land spearheads a corporate social initiative dubbed “IMPACT Farm”

He himself made several trips to Chiang Mai to visit at least 69 organic farmers who are willing to work in harmony with nature. Inspired by the wealth of high quality, local produce Chiang Mai had to offer, he decided to purchase organic products directly from the farmers as he envisioned using organic products in every restaurant operated by IMPACT. 

Our chemical-free products can be purchased via https://impactyummy.foodie-delivery.com/#/home or LINE: @impactmuangthong. 

Paul Kanjanapas, chief executive officer of Bangkok Land Public Company Limited, said “It was like a light bulb moment that sparked my idea of wanting my kids and family to have a long-term health condition, which can be achieved by many alternatives, but to me through the consumption of vegetables and fruits that are grown completely chemical free is the most effective and safest method. I’ve talked to, exchanged, and shared knowledge with some prospects in the hospitality industry, and I got surprised by the fact that many of the foods we eat daily are most likely contain toxic chemicals. Certain chemicals can pose a long term damage to the immune system. It’s time for me to explore organic farming opportunities and embark on this path. I met an organic producer and active member of a local organic farming community center in Mae Taeng District, Chiang Mai, Ms. Phathum Suriya, who is dedicated to organic methods and supplies high quality organic produce. She also mentioned that organic farming produces lower yields in comparison to conventional farming.” 

Bangkok Land spearheads a corporate social initiative dubbed “IMPACT Farm”

He continued “I want to support local farmers and let them make more income through supplying high quality organic vegetables to our restaurants. So far IMPACT Farm has had approximately 69 members. We buy organic vegetables and fruits directly from the local organic farming community center and sell them through https://impactyummy.foodie-delivery.com/#/home; LINE: @impactmuangthong; Tel: 065-496-6949. 

Our store carries a diverse array of produce such as green salad, bok choi, white mugwort, curl leaf kale, eggplant, cherry tomatoes, and wolffia arrhiza (seasonality will influence the availability.)

“All the vegetables and fruits we buy from them allow our chefs to create authentic and modern cuisine that is exceptionally pleasing to every palate. Hong Kong Fisherman, Hong Kong Suki, Tsubohachi, Uwajima, Breeze Café and Bar, and Thonglor Thai cuisine, all under the management of IMPACT, feature organic produce in their menus. We buy products in large quantities to feed millions of customers and visitors since IMPACT Exhibition and Convention Center allures more than 10 million visitors every year. Most organizers use “IMPACT Catering” to provide meals for their guests, so I tell my staff to treat customers as their own friends. Think about when we host a party at home, we most likely use top notch ingredients to make wonderful dishes for friends and family,” Paul added.   
 

“The world still spins around, and everyone has to make a living to put food on the table regardless of the COVID-19 pandemic. The future is unpredictable, and life is full of surprise. Let’s us focus on ourselves today. I found myself thinking about foods and well-being over the past 2 years. I wouldn’t hesitate to admit that we still have a lot to catch up on an organic farming journey, but we will do our best to do what it takes to achieve organic farming business. Working toward the same goal (everyone deserves to eat healthy) with the organic producers in Mae Taeng District, Chiang Mai, is a fortune,” explained Paul.

Ms. Pathum, a fierce advocate for what organic farmers need, said “I’m thrilled to work with Bangkok Land Public Company Limited., that has the same passion for supporting as well as empowering organic farming business while supplying fresh, organic fruits and vegetables such as longan, banana, guava, lime, baby jackfruit, and green salad to dine-in and online customers. First and foremost, the organic farmers from the local organic farming community center can make a living selling high quality produce all year round. 

When was the local organic farming community center founded?  

Ms. Pathum: “I embarked on this journey in 1995 while I was pursuing my master’s degree. You all know research paper is required to fulfill a master’s degree. My interest lied in the topic of fermented beans. Not only did I get hooked up by this research topic, but it made me rethink about the future of agriculture in Thailand. Many questions popped up in my mind, but misconceptions about Thai farming had me worried the most. I didn’t understand why developed countries valued organic farming significantly while underdeveloped countries looked down on farmers? In Thailand, famers were labeled as impoverished. In 1996, I got a job as a teacher who wanted to school students in Thai agriculture. Taking advantage of the teaching opportunity, I loaned 200,000 baht from the bank to help me with funding for my 9 rai farm land. I put aside some money to build water systems with a total of 2 rai, leaving me 7 rai for other agricultural needs. Like most startups, failure is inevitable. I started on conventional farming with a little to no knowledge, so did my fellows. Plus, we didn’t keep track of income and expenses. Then I switched to organic farming business using comprehensive strategies coupled with land improvements. Finally, I managed to achieve great results in 2 years and gave up my school job to become a full-time organic famer,” explained Ms. Pathum.    

About Bangkok Land Public Company Limited

Bangkok Land Public Company Limited or “BLAND,” is one of the leading real estate companies in Thailand that has been in business since 1973. The company’s main objective is to develop land with the evolution of advanced technology to transform Muang Thong Thani into a fully integrated international modernization center. The company was listed on the Stock Exchange of Thailand in 1992.  Currently, Bangkok Land expands its business according to its main line of business, including real estate groups, exhibition and convention center, hotels under the management of IMPACT, retail businesses, and restaurants in the IMPACT group. For more information, please visit www.bangkokland.co.th or https://www.facebook.com/bangkokland 
 

Published : May 20, 2022

By : THE NATION

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

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https://www.nationthailand.com/business/40015734


May 19, 2022 – dtac, together with Chaipattana Foundation and the National Electronics and Computer Technology Center (NECTEC, under the National Science and Technology Development Agency (NSTDA), announced a major breakthrough in their quest to farm Lingzhi mushrooms in single-digit temperatures (off-season) through 5G networks on 700 MHz spectrum equipped with internet of things (IoT) and machine learning (ML) technology.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

This collaboration is enabling researchers to collect important data about cultivation factors and record high-resolution multispectral images for crop inspection. The partnership, continuing to focus on Lingzhi mushroom cultivation, also brings in the expertise of a new academic partner, the National Biobank. The resulting knowledge and expertise will be passed on to farmers in cold-weather areas, sustainably raising their quality of life and revenue.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

The medicinal mushroom Ganoderma lucidium, commonly called Lingzhi, offers a high commercial value of 2,000 baht per kilogram for dried Lingzhi and 20,000 baht per kilogram for their spores. However, it grows best in warm conditions between 7–10 degrees Celsius. In a place like Chiang Mai, Lingzhi mushrooms can be cultivated in all but the winter months of November to February, when temperatures hover at 7–10 degrees Celsius and is too cold for them to flourish. The joint research project aims to make off-season cultivation and high yields possible, enabling farmers to grow Lingzhi mushrooms all year round.

dtac, Chaipattana Foundation and NECTEC teamed up in 2020 to create a pilot farm of smart greenhouses using dtac’s 5G network to support the full potential for IoT and machine learning (ML) applications at Chaipattana Foundation’s agricultural research and development site at Pong Nam Ron sub-district, Fang district, in Chiang Mai province. The collaborative research findings will be applied to large-scale farms, increasing revenue and margins for Thai farmers.

IoT devices – carbon dioxide meters, lux light meters and high-resolution cameras – generate significant data that allows farmers to grow Lingzhi more precisely by forecasting important factors such as air quality, temperature, humidity and light. All datasets are displayed through a purpose-built mobile application, enabling farmers to generate higher yields.

Anutra Wannaviroj, director of the Chaipattana Foundation’s Highland Agriculture Research and Development Project, said “Technology has become an integral role in agricultural development, by applying technologies in various aspects of farming, such as crop management, energy consumption and marketing. This is aligned with the challenges Thai farmers will face in the future, especially climate change. The foundation hopes that communications technology like the IoT will help address productivity problems in greenhouse farming.”

Prathet Tankuranun, Chief Technology Officer of dtac, said, “We bring our technological expertise in 5G development to make Lingzhi mushroom farming more precise and effective. dtac is a part of the project’s network design and IoT device installation, as well as the 5G network expansion on the 700 Mhz spectrum. Additionally, we also support the cloud system that stores all data related to cultivation research and have developed a mobile application to help researchers monitor and understand that data.”

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

In addition to data generated by various sensors, having detailed images throughout the mushroom growth cycle allows researchers to assess the size, shape and colour of the Lingzhi mushrooms and determine their quality. To facilitate this, dtac also provided the installation of high-resolution multispectral cameras.

dtac hopes this use case will raise public awareness about the potential of 5G to grow and diversify the Thai economy, as well as tackle the agricultural challenges of climate change.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

“dtac is pleased to be showcasing 5G technology, especially in a project linked to agriculture, which requires specialized knowledge for product development. In addition, we hope that these research findings will be useful for Thai farmers who wish to diversify into controlled environment agriculture. dtac is also privileged to continue its long-term research and development partnerships with Chaipattana Foundation and NSTDA,” added Mr. Prathet

Thanks to these 5G and IoT solutions, researchers have been able to measure carbon dioxide and illumination levels, as well study greenhouse images between December 2021 and February 2022. This data gathering and analysis have translated into mature mushroom yields that are similar to in-season levels, when temperatures range between 25 and 28 degree Celsius. This success is an important step towards climate-change resilience in the agriculture sector.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

Chai Wutiwiwatchai, Executive Director of the NSTDA, said that the sensors, IoT cloud platform and cameras together have had a profound effect on the project. And with the simulation capabilities of the mobile app, the research team has been able to scale up the research and apply it across the greenhouse farm, under the responsibility of National Biobank (also under NSTDA).

“This collaboration is another milestone for agricultural research in the real world amid numerous digital challenges. Data is a critical part of artificial intelligence, while a reliable, fast network is like the blood veins of data transfer. Partnering with Chaipattana Foundation and dtac will foster a strong digital ecosystem for the public good. It will allow every stakeholder to achieve their organizational vision via advanced technology and propel us towards a stronger Thailand” said Mr. Chai.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

Dnuja Sindhvananda, Member and Deputy Secretary-General of the Chaipattana Foundation, together with dtac’s Chief Technology Officer Prathet Tankuranun and NSTDA’s Executive Director Chai Wutiwiwatchai, visited the IoT-based automated greenhouse farm at Chaipattana Foundation’s highland agricultural research and development site at Pong Nam Ron sub-district, Fang district, in Chiang Mai province. The greenhouse project uses 5G technology on the 700 MHz spectrum to support the high-yield precision farming of valuable Lingzhi mushrooms.

dtac, Chaipattana Foundation and NECTEC Reveal Major Breakthrough on Lingzhi Cultivation via 5G on 700 MHz

Published : May 20, 2022

By : THE NATION

Bitkub Capital Group Holdings cooperate with Tao Kae Noi, the first time with 600,000 NFTs airdrop on physical snack packaging

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https://www.nationthailand.com/business/40015733


Bangkok, May 19, 2022 – Bitkub Capital Group Holdings, blockchain technology development and cryptocurrency exchange in Thailand cooperate with Tao Kae Noi, the famous crispy seaweed snack producer and agree to sign a memorandum of understanding (MOU) to announce the campaign “NFT : THE PHENOMENON” to airdrop 600,000 NFTs on Tao Kae Noi physical snack packaging.

Bitkub Capital Group Holdings cooperate with Tao Kae Noi, the first time with 600,000 NFTs airdrop on physical snack packaging

The customers can experience the new digital lifestyle by collecting non-fungible token (NFT) for both Tao Kae Noi and Bitkub collection. In addition, not only both Tao Kae Noi and Bitkub collection will be distributed throughout this campaign, the customers will also have a chance to collect the NFT collection “Yin War”, the famous Thai’s actors as the special collection and join the campaign in the future. Indeed, the users will have a chance to do the business pitching with Topp Jirayut Srupsrisopa, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd., together with Tob Itthipat Peeradechapan, CEO of Tao Kae Noi Food & Marketing Public Co., Ltd.

The purpose of this cooperation is to push forward Thai’s startup and inspire new generation entrepreneurs by utilizing the efficiency of non-fungible token (NFT) and blockchain to adapt on physical snack packaging, which the users can scan QR code and receive NFT as the special collection by using Bitkub NEXT (digital asset wallet). The initial NFT airdrop will be started distributing in MOU signing press conference.

Bitkub Capital Group Holdings cooperate with Tao Kae Noi, the first time with 600,000 NFTs airdrop on physical snack packaging

Due to this cooperation, there are 3 NFT collection which are “Journey of Tao Kae Noi”, “Journey of Bitkub” and “Idol Yin War 9 Collections” as special collections in which the users can collect and join the special campaign in the future.

Topp Jirayut Srupsrisopa, Founder and CEO of Bitkub Capital Group Holdings Co., Ltd. said “At this cooperation, it is not only just to create marketing campaign but it will also open the new experience for both Bitkub and Tao Kae Noi fans to be entertained and satisfied every time they tear off Tao Kae Noi snack package.”

Bitkub Capital Group Holdings cooperate with Tao Kae Noi, the first time with 600,000 NFTs airdrop on physical snack packaging

Tob Itthipat Peeradechapan, CEO of Tao Kae Noi Food & Marketing Public Co., Ltd. said “We emphasize on approaching customers in every generation and trend. We want our customers to engage with the new technology, which we try to find something new for them to engage in the campaign. By combining both NFTs and physical snack package together, it is the new dimension of experience which our customers would be satisfied with our new activity.”
 

Published : May 20, 2022

By : THE NATION

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

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https://www.nationthailand.com/business/40015732


The Viriyah Insurance announced its 2022 roadmap with the concept of “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”. Maintaining its prestigious status as the number one non-life insurer, the company continually introduces state-of-the-art products and service with top-notch protection service in mind.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

As for this year’s motor insurance strategy, new products will be launched to meet the individual needs of customers in each region with various conditions and premiums. The company opts for personalized marketing when it comes to health insurance, offering products which respond to every unique demand. The past year’s objective was achieved with a gross earned premium of 38.8 billion Baht which contributed to a 1.56% growth. The company’s financial position remains strong with 77.5 billion Baht in total assets and a liquid asset ratio of 600.51%. A capital fund of approximately 41.4 billion Baht not only covered all COVID-19 claims that must be paid but also every one of the COVID-19 insurance policy issued by the company.

Mr. Amorn Thongthew, Director and Deputy Managing Director of The Viriyah Insurance Public Company Limited, admitted that, in 2021, most of non-life insurance companies had to face a critical issue of the Coronavirus crisis that continued into its second year. The Viriyah Insurance, with many years of competent management and continuous development of technology, managed to overcome this dilemma with strength and stability. As can be seen from the trust of the insured, The Viriyah Insurance continues to be the leader with the largest market share in the non-life insurance business for the 30th consecutive year. In 2021, the company gained a gross earned premium of 38.8 billion Baht, a growth rate of 1.56%, including the motor insurance premium of 33.4 billion Baht and non-motor insurance premium of 5.4 billion Baht, as well as a net profit of approximately 500 million Baht.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

At the end of 2021, the company had total assets of 77.5 billion Baht and a liquid asset ratio of 600.51%, with a capital fund of approximately 41.4 billion Baht, while the capital adequacy ratio was 170% higher than the standard set by the OIC.

Mr. Amorn further revealed that the pandemic situation was likely to be more severe, that was why The Viriyah Insurance constantly evaluated and controlled both potential risks and even the worst possible ones. As a result, the company had enough liquid assets and capital to pay all COVID-19 insurance claims. This was all thanks to the company’s business philosophy: “Fairness is Our Policy”.

Regarding the 2022 action plan, The Viriyah Insurance will implement the strategy of “Data-Driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks.”, a concept developed by the company’s management team. The team recognized how people’s lifestyle had dramatically changed during these past two years of the coronavirus outbreak. Thailand’s economy had also suffered dramatic falls of purchasing power. Hence, The Viriyah Insurance places emphasis on developing products that will respond promptly to the needs of the customers by taking the Data-Driven Innovation approach.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

Founded more than 75 years ago, The Viriyah Insurance is a largest insurance company, ranked as the market leader. The company can make the most of a large database of nearly 8 million customers providing relevant information used to find appropriate coverage and reasonable premiums for various insured groups. The company is ready to provide protection, together with fairness, throughout the term of the policy under any circumstances. Our products provide protection for the health of the people and their property as well as deal with liability. There are more than 60 products the consumers can utilize for risk management. For this reason, the customers will feel that we are always standing by their side, concluded Mr. Amorn.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”
Mr. Sayom Rohitasathira, Deputy Managing Director, revealed the past year’s success of the claim¬¬ service as The Viriyah Insurance had set up several claims operation centers in shopping malls, gas stations, commercial buildings within the community, and high traffic areas prone to frequent our clients’ car accidents. The company also made use of innovative technology in its VDO CALL system (Vclaim on Vcall) facilitating online claims with only a single call from a customer.

The most important aspect of the claims service that helps enhance the company reputation are insurance surveyors, also known as claims service representatives. No matter how advanced the technology is, service-minded personnel is the heart and soul of the business. At the scene of a road accident, it is crucial the insured has confidence in the surveyors. We, at The Viriyah Insurance, attach particular importance to the recruiting and training processes of insurance surveyors. We are meticulous in every step:  setting qualification, conducting a test, performing selection process, implementing training courses on traffic laws, coverage according to policy conditions, and related laws. There are additional courses developed from long-term experiences of senior claim service staff.

Furthermore, Mr. Sayom revealed the company’s readiness to support electric vehicles (EV) by stating that The Viriyah Insurance is currently offering EV insurance. We have been preparing to support electric vehicle insurance for 4 years ever since EVs were only plug-in hybrid vehicles. We are to collaborate with leading manufacturers and distributors so that EV users’ every need will be met.

By organizing insurance premium structure as well as repair and spare part service, we hope the electric car users will feel more confident behind the wheels and take part in creating a cleaner environment with electric power.

As for the sales channel development guidelines of The Viriyah Insurance, Mr. Dondech Satchawirakun, Deputy Managing Director, clarified that insurance agents and brokers, with a total number of nearly 10,000, are the company’s powerful sales channel seeing that over 50% of all premiums received are derived from these dedicated and hardworking personnel. Accordingly, the company pays attention to promotion and personal development to regularly raise professional standards. We enthusiastically encourage them to adapt to the information age and the digital society so they can make the most out of technology, especially the use of social media to support sales and PR and to provide insurance knowledge to our customers and the public.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

In terms of both online and offline sales channels, the company offers a full range of services to meet the needs of customers with different lifestyles. Those living in big cities can easily spot our service point in a department store. As for those preferring the online world, also known as digital natives, they can find us on http://www.viriyah.com and other online platforms.

Mr. Dondech added that, in 2022, the company will give the opportunity to people who are interested in becoming first-rate insurance agent with the aim of expanding insurance services nationwide. We also aim to boost business collaboration between companies in all areas. Henceforth, customers can find our agents and brokers in every province, every district, and even every sub-district across the country.

Concerning the non-motor insurance roadmap, Mrs. Thavikan Techataveesup, Assistant Managing Director, revealed that the last year’s performance of non-motor increased to 12.17%, regardless of a severe COVID-19 crisis, with a total written premium of 5.415 billion Baht. The company also achieved its goal by being able to expand its non-motor insurance growth rate to 13.98%.

Viriyah Insurance reveals its strategy for the year 2022 highlighting “Data-driven Innovation: Standing by your side with complete understanding and in-depth knowledge of all your risks”

Mrs. Thavikan added that during the last year the health insurance premiums of  851 million Baht have grown by 102%, bringing the market share to 5.7% compared to the previous year which was only 3.3%. We would like to express our gratitude to all customers for trusting our company, allowing us to soar to the fifth place within the health insurance business of Thai non-life insurance.

To achieve the principal goal for non-motor insurance in 2022, Mrs. Thavikan said the company will increase the ratio of non-motor insurance by putting a spotlight on product and service development. New innovations are implemented to help manage individual risks and assets. The company seeks to extend its protection to the vehicle health besides overseeing health insurance products and customer service. 

We launched a new product at the beginning of this year: “Extended Warranty Insurance for Auto Parts” or simply “Extended Warranty”. The concept is that if a motor insurance covers accidents, it should protect the health of a car as well. This plan is designed to provide continuous protection as soon as the manufacturer’s warranty period has expired. It provides protection for up to 14 main parts and parts groups.

As for service development, the company strives to develop the Core System to support continuous growth of health and accident insurance. We focus on developing a CRM system and using Data-Driven Innovation to help us better meet the needs of individual customers. This includes launching ‘Get Healthy’ campaign to promote preventive health care, focusing on encouraging consumption behavior adjustment under close supervision of nutritionists and medical personnel. This activity is part of the Health Advisory program that aims to improve the quality of life of our customers before, during, and after treatment.

Mrs. Thavikan concluded that these are part of the company’s upcoming events. With a holistic approach in mind, The Viriyah Insurance intends to take great care of every customer’s health. We sincerely hope that these developments not only satisfy the customers’ needs but also motivate them to adopt a worry-free living filled with peace and happiness.
 

Published : May 20, 2022

By : THE NATION

Court accepts bankruptcy plea of Covid-hit Thai AirAsia X

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https://www.nationthailand.com/business/40015728


Thai AirAsia X, a Bangkok-based long-haul budget airline, has filed for bankruptcy with the Central Bankruptcy Court. Hearing will commence in August, it was disclosed on Thursday.

Court accepts bankruptcy plea of Covid-hit Thai AirAsia X

The company filed its case with the court on Tuesday and the court resolved to accept the plea the following day.

The court has scheduled hearings on August 22. The carrier’s creditors can submit their opposition to the plea at least three days before the hearings begin.

Thai AirAsia X is a joint venture of Malaysia carrier AirAsia X and Thai AirAsia airline.

Thai AirAsia X shareholder Tassapon Bijleveld, who is executive chairman of Thai AirAsia, said on Thursday that entering the business rehabilitation process is an option for the financially troubled airline to undergo financial restructuring.

“Now is the most suitable time. The airline has had to suspend its flights for two and a half years,” he said, adding that it plans to resume flights on June 1 to Seoul and Tokyo.

Court accepts bankruptcy plea of Covid-hit Thai AirAsia X

The carrier stopped all flights from March 16, 2020, after the Covid-19 pandemic struck.

Thai AirAsia X is the third Thai airline to seek rehabilitation through the Central Bankruptcy Court, after Thai Airways International and Nok Air.

Published : May 19, 2022

Data more valuable than oil in digital era, says Huawei chief

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https://www.nationthailand.com/business/40015713


The digital economy is growing quickly in many aspects and will be a key to driving the economy after the Covid-19 era, Huawei’s top executive said.

Data more valuable than oil in digital era, says Huawei chief

Speaking at the “Thailand Digital Fast Forward” seminar, Huawei (Thailand)’s chief executive officer Abel Deng said on Wednesday that the digital economy will increase flexibility and facilitate faster economic recovery.

According to International Data Corporation in 2020, the worldwide economy was slowing down and the gross domestic product dropped by 2.8 per cent but IT expenditure rose by 5 per cent, reflecting the significance of the digital.

IDC has forecast that some 50 per cent of businesses around the world will be driven by digital this year. In 2023, the cloud computing workload will grow to 72 per cent while 5G applications unlock an additional US$13.2 trillion by 2035. By 2025, the digital economy will also create 60 to 65 million new jobs.

However, connectivity and computing will be the bedrock of the digital economy, with the power of technologies including 5G, Internet of Things, IPv6, AI, cloud, etc. They will strengthen the management including driving the overall digital economy, the Huawei CEO said.

Data more valuable than oil in digital era, says Huawei chief

He said digital technology adaptation should not be overlooked, as it was used completely to connect many sectors and it will increase digital competitiveness.

Deng said Thailand is the 5G leader in the region and among the top in the world, as reflected by the usage in the industrial sector. Thailand also has the most 5G users in the region with almost 5 million users.

He said Thailand is also the leader in fibre-to-the-premises (FTTP) access with 58.96 per cent while the worldwide accessibility percentage is 56 per cent.

Moreover, cloud optimisation increased from 59 to 78 per cent. 
Many industries are also adopting AI technology, especially for digital transformation.

He explained that the most valuable resource is no longer oil, but data. The trend is growing significantly because digital platforms, digital services, and new technologies will change daily lives and businesses, especially metaverse.

However, the important thing is managing and using it to create the most benefits possible.

Data more valuable than oil in digital era, says Huawei chief

He said Thailand is moving forward well as government agencies are giving importance to managing information, privacy, and cybersecurity.

Deng said that the worldwide recent trend is developing technology while conserving the environment, leading to green technology.

To reach that point, digital technology must be used to create carbon neutrality. By using only 2 per cent of ICT technology, it will reduce up to 20 per cent of CO2 emissions.

It is an important subject for every sector to join hands, to move to a smart and low carbon world in the future, he said.

Published : May 19, 2022

By : THE NATION

PTT and PTTEP sign an agreement to collaborate on Oman crude oil to ensure Thailand’s energy security

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https://www.nationthailand.com/business/40015711


Mr. Auttapol Rerkpiboon, President and Chief Executive Officer of PTT Public Company Limited (PTT) has presided over the signing ceremony of the Sale and Purchase Contract of Oman crude between PTTT and PTTEP Oman E&P Corporation (POC) and PTTEP MENA Limited.

PTT and PTTEP sign an agreement to collaborate on Oman crude oil to ensure Thailand's energy security

The contract has been signed by Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT, and Mr. Montri Rawanchaikul, Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP). Mr. Kris Imsang, Chief Operating Officer, Downstream Petroleum Business Group, PTT, also witnessed the signing ceremony.

Mr. Disathat Panyarachun, Senior Executive Vice President, International Trading Business Unit, PTT said Oman crude oil is widely recognized as one of the most important crude benchmark in the world. With the accomplishment of Joint Collaboration Agreement with PTTEP, PTT International Trading Business Unit is proud to entering into the Crude Sales Agreement with PTTEP Oman E&P Corporation and PTTEP MENA Limited for the approximate 9 million barrels per year of Oman crude oil. Besides, the collaboration is another milestone of successful synergy among PTT Group between upstream and downstream. Furthermore, such collaboration guarantees energy security of Thailand as well as enhances the efficiency in managing supply/demand base and strengthens competitiveness of the Group in international territories.
 

Mr. Montri Rawanchaikul, Chief Executive Officer, PTTEP said PTTEP has the investments in 3 producing projects in Oman – the Oman Block 61 Project, the PDO (Block 6) Project and the Mukhaizna (Block 53) Project – which are recognized as ones of the largest petroleum assets in Oman. Through the investment in these 3 projects, PTTEP has established a strong foothold, creates the company’s long-term growth in the Middle East as well as generates revenues for Thailand. 

PTTEP has participating interests through its subsidiaries in the Oman Block 61 Project, the PDO (Block 6) Project and the Mukhaizna (Block 53) Project at 20%, 2% and 1%, respectively. By combining equity portion of the 3 projects, PTTEP holds approximately 24,000 barrels per day of Oman crude oil.
 

Published : May 19, 2022

By : THE NATION

Charoen Pokphand Group and True Corporation present 3.9 million Baht of donation made by customers through “Let Them See Love 2021” project to Thai Red Cross Society

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https://www.nationthailand.com/business/40015703


On May 18, 2022, the Thai Red Cross Society, led by Secretary-General of the Thai Red Cross Tej Bunnag, together with Visist Dhitavat, M.D., Director of the Thai Red Cross Organ Donation Centre, and Assistant Professor Lalida Pariyakanok, M.D., Director of the Thai Red Cross Eye Bank, receive 3,937,554 baht of donation from the Charoen Pokphand Group (CP) and True Corporation, presented by Mrs. Rungfa Kiatipoj, Executive for Special Projects, Charoen Pokphand Group Co., Ltd. & Executive Assistant to Chairman of the Execuitve Committee, True Corporation.

Charoen Pokphand Group and True Corporation present 3.9 million Baht of donation made by customers through “Let Them See Love 2021” project to Thai Red Cross Society

The donation is raised through “Let Them See Love 2021” campaign that encourages True Move H customers to donate via SMS and TrueYou customers to redeem True Points to support expenses for organs and eyes donation processes at the Thai Red Cross Society. 

Charoen Pokphand Group and True Corporation, in collaboration with the Eye Center and the Thai Red Cross Society Organ Donation Center, have been operating the “Let Them See Love” project for 16 consecutive years. The project generates awareness and emphasizes the importance of the organs and eyes for Thai people. The primary objective is to extend the lives of recipients who are waiting for donations. This year alone there are currently 23,015 potential recipients on the waiting list. We have implemented a digital system – This years “Transfer Organs” edition is presented with the goal of creating an easy to understand concept, as everything is transferable. Just like organ-eye donation, everyone can easily express their intention to donate once we no longer use the organs in order to help other people’s lives.
 

Charoen Pokphand Group and True Corporation present 3.9 million Baht of donation made by customers through “Let Them See Love 2021” project to Thai Red Cross Society

In this regard, people who wish to participate in helping degenerative organ patients can also donate to fund the expenses of the organ and eye donation process continuously throughout the year. Donation can be made through the bank account “Eye Center, Thai Red Cross Society”, account number 045-231390-2, Siam Commercial Bank, Thai Red Cross Society branch and “Thai Red Cross Society Organ Donation Center”, account number 023-1-25888-7, Krung Thai Bank, Surawong Branch.

For True customers, donate via SMS, TrueMove H, type 10 to donate 10 baht* or type 100 to donate 100 baht* (*excluding VAT) without deduction and send to 91255 or make the donation through TRUE Money Wallet Application.

Please visit www.letthemseelove.com or https://www.facebook.com/CPGroupSustainability for more information.

Published : May 19, 2022

By : THE NATION

Government to focus on agricultural research for sustainable growth

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https://www.nationthailand.com/business/40015727


The Agriculture Department plans to establish a research team on economic crop breeding and genomic technologies to ensure the sustainability of Thailand’s agriculture.

Government to focus on agricultural research for sustainable growth

The department would make this proposal during the Asia-Pacific Economic Cooperation (Apec) ministerial meeting on agriculture and food, director-general Rapeepat Chansriwong said on Thursday.

He added that many laboratories need to be improved to boost the country’s agricultural potential.

“If we have plenty of research centres and laboratories, this business will become sustainable,” he said.

Rapeepat said the export value of durians since last year was more than THB800 billion, adding that durian is considered Thailand’s identity and soft power.

This year, Thailand would be able to harvest 1.2 million tons of durians, 270,000 tons of mangosteens, 1.5 million tons of longans and 280,000 tons of rambutans, he said.

He added that the country and farmers have many opportunities to generate revenue.

Government to focus on agricultural research for sustainable growth

Rapeepat added that the Covid-19 pandemic, including China’s Zero Covid policy, had severely impacted Thailand’s logistics.

“In this regard, the department has cooperated with agriculture ambassadors worldwide, especially in Beijing, Shanghai and Guangzhou, on improving regulations to facilitate export,” he said.

He added that the department is working closely with related agencies on agricultural promotion, especially in Chanthaburi, Chumphon, Rayong and Trat provinces where durians are grown in large quantities.

Provincial agencies have issued announcements to control the quality of durians, such as Covid-19 and unripe durian harvest prevention measures, he added.

Published : May 19, 2022

By : THE NATION

Baht might continue to fluctuate, weaken: market strategist

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https://www.nationthailand.com/business/40015697


The baht opened at 34.60 to the US dollar on Thursday, unchanged from Wednesday’s closing rate.

Baht might continue to fluctuate, weaken: market strategist

The currency is expected to move in a range between 34.50 and 34.70 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool.

Poon said the currency market is still fluctuating as it tends to close to risks quickly, leading to a strengthening of the dollar and pressuring the baht until the market opens for more risks.

He said the Thai currency might fluctuate and weaken while its resistance level in the short term is between 34.70 and 34.80.

He suggested close monitoring of foreign transactions to see if international investors offload Thai stocks or buy them when prices head down.

Poon feels foreign investors might tread carefully and will not purchase Thai stocks until new factors emerge to support the baht. If they do not buy the currency, it might not strengthen soon, he pointed out.

Poon advised businesses to use hedging tools such as options to manage risks in the highly volatile currency market.

Published : May 19, 2022

By : THE NATION