“FOMO NO MORE” art auction by Bitkub NFT raises THB11.8 million

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https://www.nationthailand.com/pr-news/business/40015417


The cooperation between giants in their respective industry, digital assets and art, represented by Jirayut Srupsrisopa from Bitkub, Yaovanee Nirandorn, founder of well-known Art Museum 129 and 129 Art Advisory, and Piriya Vachajitpan, co-founder of Thai Art Collector Association, brought us Thailand’s first advance Phygital art auction in Bangkok on May 7.

"FOMO NO MORE" art auction by Bitkub NFT raises THB11.8 million

Aseamless integration of digital NFT arts in the virtual world and physical arts in the real world saw the auction event ending with the total bidding value of 81,682.36 KUB (THB11,802,285).

“FOMO NO MORE” is the first event to showcase new way of authentic arts at KUB M Gallery located in Bitkub M Social EmQuatier that allows users to check the auction detail, bidder list, price per bid and specify the bidding amount on Bitkub NFT platform.

"FOMO NO MORE" art auction by Bitkub NFT raises THB11.8 million
"FOMO NO MORE" art auction by Bitkub NFT raises THB11.8 million

Bid winners in this event will receive both physical and digital arts by using KUB coin as a medium to offer bidding price. This enabled anyone to participate the event by using Bitkub NEXT wallet via smartphone.

Several special guests attended the physical event on May 7 including Itthiphol Khunpluem, Minister of Culture as the guest of honour along with Yaovanee Nirandorn, founder of well-known Art Museum 129 and 129 Art Advisory, Piriya Vachajitpan, co-founder of Thai Art Collector Association, Sakolkorn Sakavee, chairman of Bitkub Capital Group Holdings Co Ltd, and Passakorn Pannok, CEO of Bitkub Blockchain Technology. 

The event was also joined by many bidders who are passionate about arts, some of whom are in related art field. This event has become a starting point for new generation of art auction that combines blockchain technology and physical arts perfectly.
 

"FOMO NO MORE" art auction by Bitkub NFT raises THB11.8 million
"FOMO NO MORE" art auction by Bitkub NFT raises THB11.8 million

Final auction price for each artwork is as follows:
1.    Leatherback Turtle the Diver by Yuree Kensaku: 722.85 KUB (THB104,445)
2.    The Gentleman Bryde’s Whale by Yuree Kensaku: 1,204.75 KUB (THB174,075)
3.    Dugong the Food Reviewer by Yuree Kensaku: 803.16 KUB (THB116,050)
4.    The Wild Buffy by Yuree Kensaku: 1,365.38 KUB (THB197,285)
5.    The Beauty Schomburgk’s Deer by Yuree Kensaku: 1,365.38 KUB (THB197,285)
6.    Bitchy Javan Rhino by Yuree Kensaku: 1,204.75 KUB (THB174,075)
7.    Fea’s Muntjac the Winter Lover by Yuree Kensaku: 642.53 KUB (THB92,840)
8.    Ambitious Serows by Yuree Kensaku: 883.48 KUB (THB116,050)
9.    Gurney’s Pitta at Krabi by Yuree Kensaku: 883.48 KUB (THB127,655)
10.    WAGMI (We All Gonna Make It) by Chaiporn Panichrutiwong (Jiggy Bug): 1,204.75 KUB (THB174,075)
11.    The Unicorn by Niam Mawornkanong: 5,300.92 KUB (THB765,930)
12.    The Cloud by Niam Mawornkanong: 2,650.46 KUB (THB382,965)
13.    The Bull by Thongchai Srisukprasert: 7,228.52 KUB (THB1,044,450)
14.    To The Moon by Angkarn Kalayanapong: 7,630.11 KUB (THB1,102,475)
15.    BIT-BOY by Kiatanan Iamchan (Line Censor): 12,047.54 KUB (THB1,740,750)
16.    The Man by Kamin Lertchaiprasert: 19,276.07 KUB (THB2,785,200)
17.    1st NFT of your portrait by Sakwut by Sakwut Wisesmanee: 6,023.77 KUB (THB870,375)
18.    Angry Marbled Cat by Yuree Kensaku: 1,204.75 KUB (THB174,075)
19.    The Marathon Whale Shark by Yuree Kensaku: 1,365.38 KUB (THB197,285)
20.    Ideal Love’s Heart Sarus Crane by Yuree Kensaku: 642.53 KUB (THB92,840)
21.    Two Horns Hairy Rhino by Yuree Kensaku: 1,044.12 KUB (THB150,865)
22.    Panicky Chinese Goral by Yuree Kensaku: 562.21 KUB (THB81,235)
23.    In-Vitro (Fertilization) Eld’s Deer by Yuree Kensaku: 803.16 KUB (THB116,050)
24.    White-Eyed River Martin the Princess Bird by Yuree Kensaku: 1,445.70 KUB (THB208,890)
25.    The Discovery of Omura’s Whale by Yuree Kensaku: 1,606.33 KUB (THB232,100)
26.    Mixed Up Tapir the Bathing Lover by Yuree Kensaku: 883.48 KUB (THB127,655)
27.    Kouprey the Mystery Creature by Yuree Kensaku: 1,766.97 KUB (THB 255,310)

Total value of all artworks: 81,682.36 KUB or THB11,802,285.
 

Published : May 10, 2022

By : THE NATION

Digital transformation gets high priority in Betagro growth strategy

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To tap growth opportunities in the Thai agriculture and food industry, Betagro has unveiled an aggressive restructuring plan to enhance the company’s competitiveness in supply chain, digital technology, talented workforce and sustainability.

Digital transformation gets high priority in Betagro growth strategy

Vasit Taepaisitphongse, chief executive officer and president of Betagro Pcl, said currently the industry was impacted by various events like the ongoing Covid-19 pandemic, the Russia-Ukraine conflict, and the slowdown in the global economy. These factors had led to an increase in the production cost of goods and services and also brought about changes in consumer behaviour. Some more challenges, such as possible animal disease outbreaks, consumers’ expectations of business contributions towards the environment and demand for safe and high-quality products and services still need close monitoring, he said.

With these challenges, it is the company’s duty to find new measures and business models to maintain growth and increase competitiveness, Vasit said.
 
He added that as a leading member in the agro-industrial and food industries, Betagro has found out that digital transformation and investment in more research and development are the key solutions to those problems.

“We need to digitalise our company both on the technology side and on the management side. The focus will be on research and development to produce a variety of high-quality food innovations, biosecurity in production, and delivering new product alternatives to the market,” said Vasit.

Vasit TaepaisitphongseVasit Taepaisitphongse

He added that this transformation would be done concurrently while expanding e-commerce distribution channels and forming collaborations with startup partners to improve competitiveness and sharpen focus on sustainable development.

Dubbed the “Powering Change” strategic plan, Betagro expects to drive business growth by combining all the forces in the organisation to drive internal changes, ensuring readiness to address impending challenges and contributing to economic and food security.

The strategic framework covers the development of supply chain resilience, especially in biosecurity and livestock, the deploying of digital technology to enhance efficiency such as smart farms, the improvement of people’s digital skills, seeking business models through partnership, investment in more areas including technology and innovation to meet market demand, and prioritising sustainability of the community and environment.

Published : May 11, 2022

By : THE NATION

Finance Ministry in talks for THB30 billion loan to top up Oil Fuel Fund

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The Finance Ministry will this month borrow THB30 billion from certain commercial banks to boost liquidity of the Oil Fuel Fund, a senior ministry official said on Tuesday.

Finance Ministry in talks for THB30 billion loan to top up Oil Fuel Fund

Thirat Attanawanich, deputy permanent secretary for Finance, said the ministry was still in negotiations with several commercial banks, including Government Savings Bank and Krung Thai Bank. The ministry expects to wrap up the deal within this month.

Thirat said the loan amount would be THB30 billion, in line with the projected spending for fiscal year 2022 as planned by the Public Debt Management Office.

He said the Finance Ministry would borrow the full amount of THB30 billion but the Oil Fuel Fund would be topped up as required.

“The talks should be finalised this month. After we get the loan, we will gradually distribute it to the fund to boost its liquidity,” Thirat said.

He said the fund is now facing a deficit because the government has had to pay high amounts of diesel subsidies due to high global oil prices.

He said the fund needs more money in reserve for handling situations when global prices rise further and when the period of diesel excise tax cut ends on May 20.

As of May 8, the Oil Fuel Fund has a deficit of THB66.681 billion — THB33.258 deficit from diesel price subsidies and THB33.423 billion from LPG price subsidies. The fund has a cash balance of THB12.932 billion in its bank accounts.

Published : May 10, 2022

By : THE NATION

Falling baht could test new level of 34.75/dollar: analyst

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The baht opened at 34.60 to the US dollar on Tuesday, strengthening slightly from Monday’s close of 34.62.

Falling baht could test new level of 34.75/dollar: analyst

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

Poon said that the baht was under pressure from a risk-off market that is supporting the dollar. Also, the Covid-19 situation in China is deterring investment in Thailand and other Asian emerging markets.

Poon said the baht now risked testing a new resistance level of 34.75 after breaching 34.50. It would also face downward pressure from purchases of gold if the price goes down, he added.

However, weakening of the Thai currency would be limited unless Thailand suffered large foreign outflows, Poon said.

He said the downward direction of the baht might reverse in the short term following market reaction to April’s US inflation report and US Federal Reserve statements. If April inflation slows and the Fed declines to signal a rate rise, the dollar may weaken and the market return to a risk-on state, causing the baht to strengthen.

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

Published : May 10, 2022

By : THE NATION

THAI and Siam Piwat synergizes, connecting the world of travel with business ecosystem over-the-top privileges

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https://www.nationthailand.com/pr-news/business/40015402


(PR News) Thai Airways International Public Company Limited (THAI) and Siam Piwat Company Limited joined the global premium business ecosystem by introducing THAI products and services on ONESIAM SuperApp and in Siam Piwat department stores, Luxury Lifestyle Destinations which would connect the customer journey to fulfill THAI and Siam Piwat customers’ lifestyle. Furthermore, customers will receive privileges all year round.

THAI and Siam Piwat synergizes, connecting the world of travel with business ecosystem over-the-top privileges

Kittiphong Sansomboon, THAI Director of Customer & Marketing Department said “The collaboration between THAI and Siam Piwat will offer our ROP members with privileged experiences through creative innovations. The special services and marketing promotion under this campaign are a part of THAI ROP Exclusive Offers project that focuses on partnership with business alliances to enhance air travel experiences at every contact point of our customers’ journey. In addition to this campaign, ROP members shall earn further privileges in upcoming offers under the project.” 

THAI and Siam Piwat synergizes, connecting the world of travel with business ecosystem over-the-top privileges
 
Panthep Nilasinthop, Chief Customer Officer of Siam Piwat, said “Siam Piwat focuses on strengthening our world class and premium business ecosystem. We create and deliver new experiences both in the actual and the virtual world. Our goal is to be customers’ top-of-mind for local and international shoppers. Over a period of time, we have successfully built a strong partnership network that incorporates leading business alliances in Thailand and internationally, as part of our ‘Collaboration to Win’ strategy. The synergy spans over businesses in more than 13 industries that together join force to further strengthen this successful ecosystem that present limitless opportunities.   

THAI and Siam Piwat synergizes, connecting the world of travel with business ecosystem over-the-top privileges

As a ‘Luxury Lifestyle Destination,’ every ONESIAM platform and retail premises will offer our target shoppers the right products and services that caters to their needs. Based on our collected data of consumer behaviors, especially on the close look on their lifestyle, we have found that our customers are keen travelers and always have a trip or more planned. The collaboration between Siam Piwat and THAI is formed to bring the best of both business leaders to customers. In addition, the collaboration syncs both companies’ customer databases which allows an even better customer journey that shoppers can experience anytime, anywhere at ONESIAM SuperApp.  
 

  • Content features photos and stories of tourism attractions around the world stimulating travel demands and enhancing personal experiences. 
  • Royal Orchid Plus (ROP) offers special privileges through ONESIAM SuperApp for members who receive ONESIAM membership status together with 150 VIZ Coins (10,000 entitlements) to use for online shopping and at shops in the department store (terms and conditions apply).  Many more discounts from branded stores will be offered throughout the year. 
  • THAI Shop will provide a variety of THAI products through ONESIAM SuperApp where customers may conveniently surf and go online shopping. 

In addition, customers will find it even more convenient to purchase air tickets online via ONESIAM SuperApp.  The service will soon be available. 
 

The multi-faceted collaboration between THAI and Siam Piwat is a synergy of two business leaders that  brings limitless opportunities. The two parties together create and deliver top-level experiences to customers of both companies. This is an ideal Co-Creation that paves ways to new opportunities and new growth engine, opens doors to more business opportunities and leverages the level of competitiveness in the industry. The exchange of knowledge and know how effectively supports business growth, the expansion of existing customers and reaching to new customers.         

Published : May 10, 2022

By : THE NATION

MedPark Hospital signs agreement with Embassy, Korean Association in Thailand to be a preferred hospital for Korean citizens

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(PR News) MedPark Hospital Management Team led by Prof. Dr Sin Anuras together with Dr Pongpat Patanavanich on May 6 honorably welcome H.E. Moon Seoung-Hyun, Ambassador of Embassy of the Republic of Korea, and Youngchang Jun, Chairman of The Korean Association in Thailand to the signing ceremony of the Medical Service Agreement between MedPark Hospital, the Embassy and the Association.

MedPark Hospital signs agreement with Embassy, Korean Association in Thailand to be a preferred hospital for Korean citizens

MedPark hospital, as a preferred hospital, is committed to work collaboratively to provide the best care for Korean citizens with our best team. 

The signing ceremony was jointly witnessed by Dr. Park Sung Hee, Consul General, Dr. Park Min Yung, Consul and Counsellor, Sin Jeong Yoo, Assistant Consul of the Embassy of the Republic of Korea along with Hong Jihee, Vice Chairman of the Korean Association in Thailand.

MedPark Hospital signs agreement with Embassy, Korean Association in Thailand to be a preferred hospital for Korean citizens

Published : May 10, 2022

By : THE NATION

AIS airs misgivings at 1st Focus Group public hearing on True-Dtac merger

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https://www.nationthailand.com/business/40015388


Though most businesses in the telecommunications sector are all for the True-Dtac merger, the third service provider is dead against it.

AIS airs misgivings at 1st Focus Group public hearing on True-Dtac merger

Opinions from different sectors were heard at the first Focus Group hearing organised on Monday by the National Broadcasting and Telecommunications Commission (NBTC). The hearing ran from 8.30am to 1pm.

True Corporation and Total Access Communication (Dtac) sent their representatives to the meeting to defend the amalgamation plan, while their rival Advanced Info Services sent its head of business development, Saran Phaloprak.

Saran told the meeting that NBTC, as the telecom watchdog, should take action to ensure the telecom industry remains competitive.

He said this merger would cut the number of key players from three to two and create a duopoly in the telecom business.AIS airs misgivings at 1st Focus Group public hearing on True-Dtac merger

Saran also pointed out that NBTC will not be able to issue any measures that bring market conditions back to their original state once the merger takes place.

Hence, he said, the telecom watchdog should deliberate the merger plan with transparency and utmost prudence.

However, other participants, who are mostly business partners of the two telecom operators in the provinces and representatives of related associations, openly voiced support for the merger.

AIS airs misgivings at 1st Focus Group public hearing on True-Dtac mergerThey said the mobile-phone signals of Dtac and True did not cover all areas upcountry and believe that bringing the two service providers together would improve coverage.

They also believe the merger will reduce operating costs as well as the burden on retail shops that sell SIM cards.

Published : May 09, 2022

By : THE NATION

Over 300,000 foreign tourists land a week after Test & Go scheme scrapped

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https://www.nationthailand.com/business/40015378


In a marked changed in tourism sentiment, some 300,000 foreign visitors arrived during the first seven days after Thailand abolished the Test & Go scheme, Government Spokesman Thanakorn Wangboonkongchana said on Monday.

Over 300,000 foreign tourists land a week after Test & Go scheme scrapped

Thanakorn said Prayut was happy with the foreign arrivals figure after the Centre for Covid-19 Situation Administration cancelled the Test & Go scheme on May 1.

The spokesman said the Tourism Authority of Thailand reported to Prayut that more than 300,000 foreign tourists had arrived in the Kingdom during the first seven days after the scheme was abolished.

Cancellation of the scheme means fully-vaccinated foreigners do not undergo the expensive RT-PCR Covid test upon arrival and do not have to be quarantined.

Only unvaccinated tourists, who fail to provide proof of Covid negative test results 72 hours before arrival, will be quarantined in their booked hotels for five days.

While the spokesman called the abolition of the Test & Go scheme as the full opening of the country, all foreign arrivals will still have to register for entry permission via the Thailand Pass website, a process seen by tourism and hotels businesses as the last hurdle for recovery of their industry.Over 300,000 foreign tourists land a week after Test & Go scheme scrapped

Thanakorn said the TAT expects that some 300,000 foreign tourists will visit Thailand each month from May to September.

He said the number is expected to rise to one million per month from October to December, which is regarded as the high season for foreign arrivals.

The spokesman also quoted Prayut as saying that tourism and hotel operators should retrain their staff to be multiskilled in anticipation of an influx of foreign tourists later this year.

The prime minister has also instructed government agencies concerned to improve and restore sightseeing places to make them more attractive to tourists. The prime minister also suggested that hotel operators improve their facilities ahead of the arrivals, Thanakorn added.

Prayut reminded local people and tourism operators that they should strictly follow Covid-19 preventive measures.

Over 300,000 foreign tourists land a week after Test & Go scheme scrappedOn Monday, the Public Health Ministry reported that 6,484 more people had tested positive during the previous 24 hours of whom four were imported cases.

The spokesman added that 56.4 million people have received the first dose of Covid-19 vaccines, 51.63 million had received both doses, and 26.61 million had received the third jab.

Published : May 09, 2022

By : THE NATION

No hype! Thai brands go viral with promise of ‘ordinariness’

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Tired of all the hype from advertisers promising paradise if you buy their products?

No hype! Thai brands go viral with promise of ‘ordinariness’

You are not alone, judging by the latest big trend in Thai advertising campaigns.

Brands are going viral with Facebook adverts showcasing the “ordinariness” of their products – defying Thailand’s obsession with luxury and exclusivity.

The trend took off on Friday when Thai apparel manufacturer Double Goose flew in the face of advertising wisdom by showcasing its “ordinary” shirts for ordinary people’s needs.

Thai shoe manufacturer Nanyang quickly jumped aboard the honesty bandwagon, replying that its shoes were “ordinary” as well.

On Saturday, Origin Property added real estate to the snowballing trend.

“We understand your lifestyle amid the ups and downs of work and living. We also understand that ordinary people want places to rest,” it posted, before promising:

“You can experience unordinary relaxation in ordinary condominiums and houses with unordinary room layouts here.”

Real estate rival SC Asset, with plans to build 40 billion baht’s worth of houses and condos this year, quickly joined the race to connect with the “common” man and woman. Ordinary people were “special” to the company, it posted on Facebook.

The new trend was hailed as proof of Thai marketing executives’ ability to think outside the box to connect with consumers online.

Published : May 08, 2022

By : THE NATION

Thai digital minister visits Laos to tap e-shopping boom as border reopens

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https://www.nationthailand.com/business/40015360


Digital Economy and Society Minister Chaiwut Thanakamanusorn held talks in Laos on Saturday, ahead of an expected explosion of digital trade when border checkpoints open on Monday.

Thai digital minister visits Laos to tap e-shopping boom as border reopens

Chaiwut was visiting Nong Khai to inspect progress of digital development in the Northeast border province, and dropped in on Lao Science and Technology Minister Boviengkham Vongdara in Vientiane. Their informal talks focused on how the two countries should promote private investment in digital and 5G.

Chaiwut said he expected brisk trade – especially in e-commerce – as soon as the land link between the two countries is restored on Monday. Laotians like to do e-shopping for Thai goods and the reopening Thai-Lao transport routes would boost online trade, he added.

The Digital Economy and Society Ministry is working to extend internet access to all communities in Nong Khai province in a bid to tap e-shopping demand from Laos.

Chaiwut said most residents of the Northeast province now had access to free Wi-Fi.Thai digital minister visits Laos to tap e-shopping boom as border reopens

He also visited local community leaders and chiefs of tambon administrative organisation (TAO)s and municipalities to gather their opinions on developing the province’s digital economy. He said the government was ready to grant more money to Nong Khai’s digital development in line with locals’ needs and suggestions.Thai digital minister visits Laos to tap e-shopping boom as border reopens

Published : May 08, 2022

By : THE NATION