SET Index likely to dip as US Fed proceeds to curb inflation

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https://www.nationthailand.com/business/40014268


The Stock Exchange of Thailand (SET) Index is expected to fall to between 1,685 and 1,690 points on Thursday due to the US Federal Reserve’s move to curb inflation, Krungsri Securities said.

SET Index likely to dip as US Fed proceeds to curb inflation

“The Fed will shrink its balance sheet by US$95 billion [THB3.18 trillion] per month and raise the interest rate by 0.50 per cent up to twice,” it explained.

Krungsri Securities also said a drop in the crude oil price – after International Energy Agency members agreed to reduce their oil reserves by 120 million barrels to ease fuel prices – as well as the Russia-Ukraine war would pressure the index.

It recommends the purchase of the following as an investment strategy:

• GPSC, BGrim, SCGP, SCC and EPG, which would benefit from the falling oil price.

• AOT, AAV, BA, Mint, Centel, ERW, CPN, CRC, HMPro, CPAll, Makro, Amata, WHA, BH and BDMS, which would gain from countries reopening.

The SET Index closed at 1,701.18 on Tuesday, down 1.75 points or 0.10 per cent. Transactions totalled 68.44 billion baht with an index high of 1,708.89 and a low of 1,698.33.

The index was closed on Wednesday for Chakri Memorial Day.

Published : April 07, 2022

By : THE NATION

Across the board commitment needed to curb greenhouse gases, seminar hears

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https://www.nationthailand.com/perspective/40014295


Huawei Thailand CEO Abel Deng said the company is supporting and promoting several digital companies to become carbon neutral faster than others.

Across the board commitment needed to curb greenhouse gases, seminar hears

Several experts shared their perspectives on the green economy during a seminar “Go Green 2022” organised by Krungthep Turakij and Nation TV on March 17 at The Athenee Hotel, a Luxury Collection Hotel in Bangkok’s Pathumwan district.
Energy Minister Supattanapong Punmeechaow said green business, which focuses on greenhouse gas reduction, will be a solution and opportunity for Thailand’s economy.
He pointed out the government had already announced clearly that Thailand will become carbon neutral by 2050 and net-zero gas emission by 2065.
 

Supattanapong Punmeechaow, Energy Minister Supattanapong Punmeechaow, Energy Minister”Greenhouse gas reduction is an important guideline to reduce reliance on energy from abroad and save domestic energy,” he said.
He added that the government is putting its efforts to launch measures to mitigate rising fossil fuel prices.
Supattanapong also thanked Huawei Thailand for being a good partner and having faith in the country’s potential.
“Huawei is supporting and promoting several digital companies to become carbon neutral faster than others,” he added.
Huawei Thailand CEO Abel Deng said the development of a green world will help boost economic growth and create sustainability of natural resources.

Abel Deng CEO of Huawei Thailand Abel Deng CEO of Huawei Thailand

He pointed out that the global society will pay attention to two issues in the future: digitisation and low carbon, which will lead to eco-friendly development.
“More than 66 countries and regions had set up goals and road maps related to national carbon emissions, while more than 170 countries and regions had announced national strategic plans related to digital,” he said.
He added that the Covid-19 pandemic had caused an impact on living, business and society.
“Amid uncertainties, we must admit that digital transformation is a key to support Thailand and global economic growth,” he added.

Kiatchai Maitriwong, Executive Director of Thailand Greenhouse Gas Management OrganisationKiatchai Maitriwong, Executive Director of Thailand Greenhouse Gas Management Organisation

Thailand Greenhouse Gas Management Organisation executive director Kiatchai Maitriwong said the organisation is creating awareness of greenhouse gas reduction among sectors.
He pointed out that carbon is one of seven types of greenhouse gases that came from the public, transportation, energy, agriculture and industrial sectors.

Thanyaporn Krichtitayawuth, Director Global Compact Network Thailand (GCNT)Thanyaporn Krichtitayawuth, Director Global Compact Network Thailand (GCNT)”Every sector, including the government, private, community and public must set goals and mechanisms on how to reduce greenhouse gas emissions and how to evaluate carbon credits,” he said.
Global Compact Network Thailand (GCNT) director Thanyaporn Krichtitayawuth said the network members worldwide had made a commitment to reduce greenhouse gases to ensure that the global temperature will not increase further.
She said GCNT aimed to encourage leading Thai companies to apply technologies to gain control of greenhouse gas emissions within 2050.
“More than half of 1,000 CEOs worldwide believe that climate change will affect them,” she said.
She added that climate change is also an investment opportunity for the business sector if entrepreneurs change their businesses to be in line with greenhouse gas reduction and sustainable goals, as well as seeking business with foreign entrepreneurs.

Aphinya Siranart, Accelerator Lab Head of Exploration United Nations Development Programme (UNDP)Aphinya Siranart, Accelerator Lab Head of Exploration United Nations Development Programme (UNDP)United Nations Development Programme (UNDP)’s Accelerator Lab Head of Exploration Aphinya Siranart said every sector, especially the business sector, must solve various issues to tackle global warming, such as people and financial mechanisms.
She added that all entrepreneurs must improve their business plans and join with other sectors on greenhouse gas reduction, not only grow plants.

Prasit Boondoungprasert, CEO of Charoen Pokphand FoodsPrasit Boondoungprasert, CEO of Charoen Pokphand Foods
Charoen Pokphand Foods CEO Prasit Boondoungprasert said the company had reduced more than 500,000 tonnes of greenhouse gas emissions last year.
With a plan to drive the business towards sustainability, he expected that the company would be able to reduce greenhouse gases further.

Prakob Phiencharoen, Executive Vice President of Bank of Ayudhya Prakob Phiencharoen, Executive Vice President of Bank of Ayudhya
Bank of Ayudhya executive vice president Prakob Phiencharoen said the bank has launched more financial services related to environmental, social and corporate governance (ESG) to support customers.
He said the bank aims to grant up to THB100 billion in loans related to ESG, adding that sustainable finance will play an important role in future funding.

Pakkapol Leopairut, Executive Vice President of TPI Polene Power Pakkapol Leopairut, Executive Vice President of TPI Polene Power
TPI Polene Power executive vice president Pakkapol Leopairut said the company will modify its power plants to produce electricity from waste within 2025.
“This move will enable the company to become net-zero carbon emission and be able to sell 12.45 million tonnes of carbon credits annually from 2026 onwards,” he said.
Electric Vehicle Association of Thailand honorary chairman Yossapong Laoonual said the electric vehicle (EV) industry is growing in line with trends of net-zero carbon emission.
He added that batteries and motors inside EVs are keys to obtain clean and renewable energy.

Published : April 07, 2022

Thai property market goes green as more developers go for solar roofs

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https://www.nationthailand.com/property/40014206


With surging crude oil prices pushing up power bills, several key property developers have started including solar roofs and EV chargers in new houses.

Thai property market goes green as more developers go for solar roofs

Sutirapan Sakkawatra, vice president of Siam Commercial Bank, said this green trend was spotted recently when loans worth 600 million baht were granted to buyers of homes with solar roofs, buyers of electric vehicles (EVs) or those installing solar roofs in their homes.

Praphansak Rakchaiwan, managing director of property consultation company Lumpini Wisdom and Solution Co Ltd, confirmed this green trend. He said the price of solar panels for houses and condominium units has dropped a lot over the past 10 years. Now, the cost of a hybrid solar energy system that connects to the power grid has gone down to about 169,000 baht, which can be easily recouped in five years, he said.

Eventually, he added, solar panel users can end up saving some 945,000 baht over 25 years. He reckoned that at least 20 per cent of new home buyers will opt for units with solar roofs.

Thai property market goes green as more developers go for solar roofsMeanwhile, Property Perfect Plc said it plans to install solar roofs in 30,000 units it is building and will install EV chargers in some 50,000 units.

Wongsakorn Prasitwiphak, managing director of Property Perfect, said the company has partnered with SCB, SCG and EV Lomo to install these chargers. The cost of the installation will be added to the price tag of the new units and the company will also offer to install EV chargers for existing customers.

Sansiri Plc said it will install solar roofs in 1,825 units it is scheduled to build this year.

Supalak Chanpithak, CEO of Britania Plc, said its parent company – Origin Property – has partnered up with Gunkul Engineering to make inroads in the clean energy business for housing units.

He added that Britania will install solar roofs on some 200 housing units in projects in Bangkok and its suburbs to build so-called “solar villages”.

Thai property market goes green as more developers go for solar roofsBritania will also install EV chargers in public areas of these solar villages.

Separately, Sena Development Plc said it will invest 600 million baht in the installation of solar panels, especially in its new 15-rai Sena Viva Chalong Krung-Lat Krabang project in Bangkok.

Published : April 05, 2022

TAT forecasts THB11 billion spending by tourists during Songkran

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https://www.nationthailand.com/business/40014241


Thai travellers are expected to make some 3.34 million trips to celebrate Songkran from April 13 to 17 and spend around THB11 billion, the Tourism Authority of Thailand (TAT) said on Wednesday.

TAT forecasts THB11 billion spending by tourists during Songkran

TAT Governor Yuthasak Supasorn said occupancy at hotels and resorts around the country during the period was expected to average around 41 per cent.

He said the travelling and spending would, however, be much lower than the pre-Covid level because the country’s economy had not yet fully recovered and many Thais were wary of the Omicron variant.

The TAT governor said most travellers would likely use their personal vehicles to avoid the chance of contracting the virus and they would spend less than usual during Songkran.

The TAT expects about 754,380 Thais would travel to the Northeast and spend around THB1.3 billion during the Songkran holidays, with average room occupancy of around 55 per cent.

The Central region is expected to see average room occupancy of 53 per cent with 735,166 tourists spending around THB1.47 billion.

The TAT said 560,980 Thais would visit the eastern region, ensuring average hotel room occupancy at 41 per cent, and spend about THB2.3 billion.

Some 445,399 tourists are expected to visit the South and spend around THB2.7 million, with average room occupancy at 37 per cent, while 385,468 tourists are expected to travel to the North and spend THB1.35 billion, with average occupancy at 37 per cent.

The TAT governor said Bangkok would see room occupancy of 27 per cent with 458,907 tourists visiting the capital and spending around THB1.8 million during the Songkran holidays.

The governor said Bangkokians are expected to mostly visit tourist destinations near the capital, such as those in Chonburi, Nakhon Ratchasima, Kanchanaburi and Ayutthaya.

Published : April 06, 2022

By : THE NATION

For shopping platform SocialGiver, business is a way of giving back to society

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https://www.nationthailand.com/pr-news/perspective/40014258


Would you like to shop online but also contribute towards a good cause? SocialGiver, a non-profit shopping platform, is making a bold attempt at a marriage of business and charity. 

For shopping platform SocialGiver, business is a way of giving back to society

SocialGiver, launched in 2015, offers a new way to donate for helping society even as you shop like on any other e-commerce website. 
It has been developed to meet the needs of contemporary Thai people, to make it easier for them to make purchases online. 
SocialGiver differentiates itself from other e-commerce services through its emphasis on social conscience, by partnering many social enterprises and local businesses.

Their mission is to connect and use the public’s spending power to create a positive change in the world. Buying through SocialGiver would mean choosing to support local business and social enterprises in giving back to society.
 

For shopping platform SocialGiver, business is a way of giving back to society

On April 5, socialgiver.com hosted the Socialgiver Awards at Chatrium Hotel in Bangkok. The event was organised to reward people, influencers, media, brand quality and social enterprises and to give out the inaugural Ecosystem Creator Award.

Speaking at the event, Aliza Napartivaumnuay, the founder of SocialGiver Thailand, shared the goal of this platform. “It is such a great idea if every time when we are shopping, we can satisfy our need for buy a good product at a good price and good service from a very convenient platform, and also do some good. With every purchase you make, you can support local businesses and social enterprises which continue to contribute their profit to help society.” It means that every time you shop through them, shoppers can also join in donating to charities to make society better.

“Social enterprise is a business model that aims to solve social or environmental problems, while also being able to generate profits to operate the business sustainably and create tangible social outcomes. This would pave the way for the sustainable survival of Thai society in the Covid-19 era. The SocialGiver Award 2022 event is organised  to reward the person and brand quality that contributes to a better future for society,” she said.

For shopping platform SocialGiver, business is a way of giving back to society

Speaking at the forum on “Tourism Authority of Thailand x Socialgiver = Meaningful  Travel”, TAT’s deputy governor for domestic marketing, Thapanee Kiatphaibool, said the authority officially supports the SocialGiver platform for promoting Thai brands in tourism sector businesses.

She said it is a very good option for the shoppers who will have more choices in the market and in the process can also support local businesses while contributing to charities at the same time.

For shopping platform SocialGiver, business is a way of giving back to society

Things are gradually turning around for Thailand’s tourism industry, Thapanee said. “Since the beginning of April, TAT has seen a good number of domestic and international travellers, giving a boost to tourism. In particular, there is an improvement in arrivals in the international sector,” she said. 
Under revised “Test & Go” rules effective from April 1, international travellers will be allowed to enter Thailand without the need to show proof of a negative RT-PCR test before boarding the flight, she added.

TAT expects 50,000 visitors in April. The tourism agency has activated its 29 offices around the world to promote travels to Thailand by reviving many tourist programmes, rebuilding the skills of travel agents and prioritising concerns about travel safety.

In addition to the social dimension, the Meaningful Travel campaign is a collaboration with SocialGiver. Every time, shoppers make bookings through SocialGiver, they will help support nature conservation and protect green spaces throughout Thailand due to many collaborations and other projects, without paying more. 
SocialGiver aims to make shoppers’ holidays even more special by donating half of whatever they spend to fundraise for the charities to create a lasting impact throughout Thailand. They plan to take this project to the region in the future.

For shopping platform SocialGiver, business is a way of giving back to society

By Varunsuda Karunayadhaj

Published : April 07, 2022

By : THE NATION

Back to where it began: Following King Rama IX’s sufficiency legacy

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https://www.nationthailand.com/business/40014209


The “Power of Human Energy: A Journey Inspired by the King” project has not been without its difficulties, but its successes have more than paid off

Back to where it began: Following King Rama IX’s sufficiency legacy

Following His Majesty King Bhumibol Adulyadej the Great’s Sufficiency Economy Philosophy isn’t always easy, but it should not be rejected either as being too difficult. Today, nine years after it started, the “Power of Human Energy: A Journey Inspired by the King” project, has achieved its objectives.

Managed by Chevron Thailand Exploration and Production, the Institute of Sufficiency Economy and the Agri-Nature Foundation, this human-driven project, based on the late beloved monarch’s theories on water conservation, aimed to instruct people living in and around the Pa Sak River on how to design catchment areas – “loom kanom krok” or “khok nong na” as they are known in Thai – in order to prevent floods and provide water during the drought.

Dr Wiwat Salyakamthorn, president of the Agri-Nature Foundation and Institute of Sufficiency Economy, says: “I have been an instructor in rural development and a rural developer since 1974. My work has shown me how difficult it is to make people change their minds. The art of magnetic communication is to attract and charm people with knowledge.

“If they start taking action, they’ll see results. The sufficiency economy philosophy has more than 40 theories and success looks different for everyone. Thailand’s special forces helped change villagers’ mindsets and that in itself was a victory in the war over hardship. Famously, a foreign reporter once asked the late King if his struggle was against the Communists, to which His Majesty said no, the battle is against starvation. So, His Majesty’s philosophy of sufficiency is not just about solving the water problem, but also saving people’s lives.”Back to where it began: Following King Rama IX’s sufficiency legacy

Arthit Kritpipat, business support general manager of Chevron Thailand Exploration and Production Ltd, says: “Social networks have played an important role as a public relations tool, showing examples and allowing people to chat with each other. When Covid-19 arrived, we created an online agri-nature handbook to serve as the foundation for self-sufficiency standards and to further expand knowledge. Now, many people are paying attention to ‘khok nong na’.”

Moving step by step

The past nine years have been divided into three stages comprising creating a social ripple, creating instructors and tools and creating abundance.

Back to where it began: Following King Rama IX’s sufficiency legacyDr Wiwat, who is better known as Ajarn Yak, recalls the early days, saying: “I remember when the King wrote his new theory and three procedures for small farmers to follow on a computer himself. The guidelines were on how to have enough to eat, how to collaborate in the community and how to join with government, private companies, and foundations. The prime minister, who was also commander-in-chief at that time, ordered military units around the country to study at the Mab Aung Natural Agriculture Centre and practice making 100 ‘khok nong na’ at Army training units for six months before heading to villages to build another 100 over the following six months.

“The ‘khok nong na’ at the Special Warfare Command in Lop Buri, which was led by Maj-General Thanasak Kengthanomma, is considered the most beautiful and amazing.

Back to where it began: Following King Rama IX’s sufficiency legacy“In the second three-year phase, some of those who had completed their catchments and were running their smallholdings according to the self-sufficiency philosophy became teachers and turned their places into learning centres. They included Ban Pong Ket School in Saraburi where the teacher initially received complaints from parents that their children were learning to dig. But, after Covid-19, their children participated in collaborative farming activities, or ‘Aou Mue’ in Thai, and were able to support our agri-nature networks.

“In the last phase, ‘khok nong na’ were developed and became more abundant, while learning centres became more powerful and effective. The most important achievement was changing people’s mindsets; those who once thought we were going mad by insisting on and making use of our swampy agricultural land, turned to follow the King’s philosophy.”

Back to where it began: Following King Rama IX’s sufficiency legacyThis nine-year project has utilised “Aou Mue” collaborative farming to improve the land of nine sufficiency economy learning centres with catchments for water. They are Boonrom Taokaew’s Suan Lom Sri Rin Sufficiency Economy Centre in Saraburi, Sila Muangngam’s Ban Hin Ngon Community Learning Centre in Phetchabun, Piranrat Sookpeat’s Khuen Pa Sak Learning Centre in Lop Buri, Maj-General Thanasak Kengthanomma at the Special Warfare Command in Lop Buri, Sawaeng Srithammabut’s Naring Church Earth Safe Standard Agri-Nature Centre in Udon Thani, Bandid Chimchat’s Si Nan National Park in Nan, Krongkan Sirapaibulporn’s Haihao Farm in Lampang, Pranee Chaitaweepornsuk’s Bok Lao Kao Tam Sufficiency Economy Centre in Chaiyaphum and Sunita Haewnok’s Sa-ngiamkam Agriculture Farm in Nakhon Ratchasima.

Boonrom Taokaew says: “My parents owned 20 rai of paddy fields. Previously, my father rented another 80 rai of fields in the hope of becoming rich from the rice trade, but couldn’t pay back his loans due to insufficient output. In 1992, he had the chance to see the new theory of agriculture of HM the late King at Wat Mongkhon Chai Phatthana and began digging an 8-metre deep swamp on one-rai of land for water catchment. After that, he stopped renting the 80-rai of fields and planted 300 mango, 100 santol and 100 jackfruit trees, which didn’t sell as well as expected. His mindset, however, changed after he attended a course at Mab Aung Agri-Nature Centre because the main purpose of New Theory Agriculture is to make farmers more self-reliant through holistic management of their land while living harmoniously with nature and within society.”

A legacy of sufficiency

The project came to an end this year at the Sufficiency Economy Learning Centre, Suan Lom Sri Rin in Saraburi, which featured a photography exhibition presenting several farming activities of the nine learning centres as well as 21 booths from the agri-nature networks in several provinces offering fresh vegetables and fruits, food and beverages, processed goods, and handicrafts.

Suparpron Kanjaree from Suan Kanjaree Learning Centre in Lop Buri owns 13 rai and has transformed 6 rai into “khok nong na” after taking a course at Mab Aung Agri-Nature Learning Centre in Chon Buri.

“Previously, we practised monoculture farming – growing corn – but nowadays we can grow upland rice, several vegetables, bananas, cabbage and jackfruit, and make processed products such as pickled fish, sour fish with fermented rice and a herbal drink from dried bael fruit after learning the ways of nourishing the soil and digging a swamp for water catchment. Our lives are better because we have organic products that are good and safe. Right now, we are very proud of our shady area where students come to learn about planting practices. Taking part in the King’s philosophy means having perseverance and above all confidence in ourselves.”

Thanaporn Pangjid from Art & Mam Farm Slow Life in Saraburi enjoys a healthy life with many organic vegetables and fruits such as “phak plang” (Ceylon spinach), “cha om” (Senegalia pennata), sweet basil, banana, mango, papaya and coconut on her 4-rai land after taking on the King’s philosophy.

“We are preserving and making local sweets ‘Khao Piang’ [black glutinous rice with shredded coconut] and ‘Khanom Tok Huab or Khao Krieb Wow’ [crispy rice] using my grandmother’s recipes. We follow the King’s new theory of nine steps to a sufficiency economy livelihood, especially the 7th step of preservation. Prices for all products have increased as a result of Covid-19, but we aren’t too badly affected because we have vegetables and fruits from our farm, which keeps costs down.”

Wanida Damrongchai, or Kamnan Kai, a village chief in Sao Hai District of Saraburi and president of Kok Na Sai Sufficiency Economy Learning Centre, has followed in the King’s footsteps of sufficiency economy philosophy for four years on her 20 rai of land after having learned by trial and error for five years.

“I’m a leader, so I felt I had to create a model for people in our community to see how good it is before persuading them to believe in what I did. It was very difficult to change their mindset. They thought that rice farming was better for productivity, while ‘khok nong na’ damaged their farm with potholes. They didn’t know how to earn money. But I proved them wrong even though I don’t do rice farming, as I have income from my productivity.

“We created our signature drink, Iced Tamarind Americano, sell doormats made by housewives and brooms by a group of seniors. Over the past two years, many more people have started paying attention to ‘khok nong na’.”

Published : April 05, 2022

DTGO named one of World’s Most Ethical Companies for 4th consecutive year

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https://www.nationthailand.com/pr-news/business/40013991


Business/social organisation DTGO has been recognised by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the “World’s Most Ethical Companies” in 2022.

DTGO named one of World’s Most Ethical Companies for 4th consecutive year

Business/social organisation DTGO has been recognised by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the “World’s Most Ethical Companies” in 2022.

DTGO is the “only four-time honoree in Thailand, having now received the designation since 2019”, the company said in a press release.

Some 135 companies covering 45 industries in 22 countries and have been recognised with the designation.

The company was founded in 1993 with a focus on business and society. Its goals include creating well-being for all under its motto of “Adding Value in Everything We Do”.

DTGO named one of World’s Most Ethical Companies for 4th consecutive year

DTGO’s many business groups include Magnolia Quality Development Corporation Limited (MQDC), a property developer, DigitaLife, an e-commerce specialist, Obodroid and Obotrons, joint ventures to develop robotics technologies and automation innovations, including Home Intelligent Systems, Dees Supreme, a global procurement and trading company, and Unisus Green Energy, which designs and operates environmentally friendly energy and utility systems.

DTGO’s diversified expertise enables it to address challenges such as the Covid-19 outbreak. The MQDC helped set up its “Light of Heart” project in 2021 as the country’s first private-sector field hospital. The facility integrated knowledge and skills from across the group. Obodroid, for instance, contributed the Kaitomm Hospital telemedicine app for staff to communicate safely with patients. The company’s “Pinto” robot delivers food, drinks and medicines at field hospitals.

DTGO named one of World’s Most Ethical Companies for 4th consecutive year

Under its socially integrated business approach of doing business alongside societal contribution, DTGO dedicates 2 per cent of its topline revenue to initiatives for the world. The group works through non-profit organisations such as Buddharaksa Foundation, which focuses on education, and Blue Carbon Society, which addresses the environment, the press release said.

The group also works with other organisations for public health.

DTGO has been selected for four straight years as one of the World’s Most Ethical Companies through Ethisphere Institute’s rigorous ethics quotient system.

DTGO named one of World’s Most Ethical Companies for 4th consecutive year

This assessment has five main sections: ethics and compliance programme, the culture of ethics, corporate citizenship and responsibility, governance, and leadership and reputation.

DTGO sees ethics and integrity as crucial to sustainable business success. The group’s commercial achievement will further contribute to helping society and the planet, conserving ecosystems and letting everyone achieve their full potential in life, the press statement added.

The full list of the World’s Most Ethical Companies 2022 can be found at https://worldsmostethicalcompanies.com/honorees.

More information about DTGO can be found at www.dtgo.com 

Published : April 05, 2022

AWN objects to True-Dtac merger, says new firm will violate many laws

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https://www.nationthailand.com/business/40014203


Advanced Wireless Network Co Ltd (AWN) has filed a formal objection against the planned amalgamation of True Corporation and Total Access Communication (Dtac).

AWN objects to True-Dtac merger, says new firm will violate many laws

AWN, a subsidiary of Advanced Info Service (AIS), submitted a letter dated March 25 to the National Broadcasting and Telecommunications Commission (NBTC) recently to express its opposition.

In the letter, AWN said that if the two telecom operators were allowed to merge, mobile phone users in Thailand would be the biggest losers as the merger would affect competition.

It pointed out that the number of key players in the telecoms market would be reduced from three to two, and the new company would dominate with a market share of 53.4 per cent.

It said the merger would also effectively block new players from entering the market.

The letter pointed out that National Telecommunication Plc, created via the merger of TAT Corporation Plc and CAT Telecom Plc, had very little market share to counter the giant that will be created by the True-Dtac merger.

AWN said in the letter that the merger would also put all telecom bandwidths under the new company, which will be in gross violation of the telecom law, under which bandwidths are to be spread among several operators. Once the merger goes through, the new company will hold more bandwidth than allowed by law.

The letter noted that the NBTC is required by the Constitution and NBTC Act to vote against the merger to prevent monopoly and market domination as it would hurt consumers. It said the charter and the NBTC law require the commission to act against the merger to protect the public interest.

Separately, shareholders of the two companies on Monday voted in favour of the merger. According to a report submitted to the Stock Exchange of Thailand on Monday, some 99.37 per cent of True’s shareholders and 89 per cent of Dtac’s shareholders had voted for the merger.

Meanwhile, Dtac CEO Sharad Mehrotra thanked shareholders for the “yes” votes and said the new technology-telecom firm formed after the merger will provide top 5G services that will cover everybody’s needs with reliable and fast service.

Mehrotra added that the new company will not just provide 5G services, but will also be a corporation providing advanced technology such as AI, Cloud, Smart City, media solutions and space technology.

Published : April 05, 2022

By : THE NATION

Energy prices push March inflation to highest spike in 13 years

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https://www.nationthailand.com/business/40014201


Headline inflation in March saw the highest year-on-year increase in 13 years, the Trade Policy and Strategy Office said on Tuesday. Headline inflation was recorded at 104.79 points, up 5.73 per cent from the same month last year.

Energy prices push March inflation to highest spike in 13 years

Trade Policy and Strategy Office chief Ronnarong Phoolpipat told a press conference that March headline inflation had also increased month on month, by 0.66 per cent compared to February’s 104.10 points.

Headline inflation in February had already broken a 13-year record with an increase of 5.28 per cent, but it was even higher in March, Ronnarong said.

The increase in headline inflation was 4.75 per cent in the first quarter, compared to the same quarter last year, Ronnarong said.

He added that core inflation in March, which excludes the impact from fresh food and energy prices, stood at 102.43 points, an increase of 0.23 per cent from February and 2.0 per cent year on year.

Ronnarong said headline inflation rose steeply in March because energy prices spiked by 32.43 per cent. He said the main impact — 32.43 per cent — came from the rise in oil prices, and 39.95 per cent from the increase in power bills. Moreover, the prices of fresh vegetables increased by 9.96 per cent, meat, pork and chicken by 5.74 per cent, and eggs and milk by 6.08 per cent.

Energy prices push March inflation to highest spike in 13 yearsRonnarong said March saw increases in the prices of 280 items, including electricity, fuel, lunch meals per dish, cooking oil and water bills.

He said the trend of the first three months showed that inflation would continue to increase in April as the fallout of the Russia-Ukraine war still has an impact on prices.

Ronnarong added that his office had adjusted the estimated inflation of 2022 from 0.7-2.4 per cent to 4-5 per cent. The initial inflation estimate was made in November last year, before the war broke out, so the estimate was revised based on the current situation, he added.

Published : April 05, 2022

By : THE NATION

Baht strengthens against dollar, buoyed by foreign inflows

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The baht opened at 33.44 to the US dollar on Tuesday, strengthening from Monday’s close of 33.51.

Baht strengthens against dollar, buoyed by foreign inflows

Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.55 during the day.

Poon said that the baht is likely to swing in a wide range but with no clear sign of direction. Uncertainty over the Ukraine-Russia conflict has been causing the dollar to strengthen and the baht to weaken over the past six weeks.

Meanwhile, the worsening Covid-19 situation in China may pressure currencies in Asia, especially Asian economies heavily exposed to China.

However, the baht is being supported by foreign inflows to the Thai market. Foreign investors continue to buy Thai assets, especially both short- and long-term bonds.

Poon forecast a resistance level for the baht of 33.70, at which point exporters would offload the dollar. He predicted a key support level of 33.20, which would spur importers to buy dollars.

Amid the current high volatility in the currency market, businesses should use hedging tools such as options to manage risks, he added.

Published : April 05, 2022

By : THE NATION