Gold dips despite US Fed signal on no upcoming rate hike #SootinClaimon.Com

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https://www.nationthailand.com/business/40002404

Gold dips despite US Fed signal on no upcoming rate hike


The price of gold in Thailand dropped by THB50 per baht weight in morning trade on Thursday despite the US Federal Reserve signalling it was in no hurry to hike the interest rate amid weak US economic data.

Gold dips despite US Fed signal on no upcoming rate hike

AGold Traders Association report at 9.26am showed the buying price of a gold bar at THB26,750 per baht weight and selling price at THB26,850, while gold ornaments cost THB26,272.28 and THB27,350, respectively.

At close on Wednesday, the buying price of a gold bar was THB26,800 per baht weight and selling price THB26,900, while gold ornaments cost THB26,317.76 and THB27,400, respectively.

The spot gold price on Thursday was US$1,778 (THB56,697) per ounce after Comex gold on Wednesday rose by $6 to $1,783.40 per ounce.

The Hong Kong gold price meanwhile dropped by HK$50 to $16,480 (THB67,688) per tael, the Chinese Gold and Silver Exchange Society reported.

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Published : June 24, 2021

By : The Nation

Ireland to sell part of $807 million Bank of Ireland Stake #SootinClaimon.Com

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https://www.nationthailand.com/business/40002391

Ireland to sell part of $807 million Bank of Ireland Stake


The Irish government plans to sell part of its 676 million euro ($807 million) stake in Bank of Ireland Group over the next six months or so, the latest stage in its bid to recoup the bank bailout that almost bankrupted the nation.

Ireland to sell part of $807 million Bank of Ireland Stake

Part of Ireland’s 13.9% shareholding in the bank will be sold through a pre-arranged trading plan that will be managed by Citigroup, Ireland’s finance ministry said in a statement Wednesday.

Up to 15% of the expected aggregate total trading volume in the company is to be sold over the duration of the trading plan and there will be a minimum share price for those sold. No further details were disclosed.

“Today’s announcement marks the start of a phased exit from the State’s remaining investment in Bank of Ireland,” Finance Minister Paschal Donohoe said. “When all cashflows are taken into account the taxpayer has already recorded a surplus on its investment in and support for the bank, even before the sales of these shares are accounted for.”

Bank of Ireland’s shares fell as much as 6.4% in Dublin.

The state remains a key player in the Irish financial sector, holding majority stakes in AIB Group and Permanent TSB Group Holdings and the minority holding in Bank of Ireland after bailouts during the financial crisis. Overall the state injected about 64 billion euros into Ireland’s banks. About half of that was spent on the former Anglo Irish Bank and Irish Nationwide, both of which were since wound down.

The government will likely still hold a stake in Bank of Ireland after the six-month sale period, Donohoe told RTE Radio. He declined to say how many shares the government intends to sell.

“Over time, I do aim to be in a position that we are no longer a shareholder in the bank but that is the medium-term objective,” he added.

The government has no imminent plans to sell its stakes in Permanent TSB or AIB, Donohoe told reporters at a briefing in Dublin, though said he would like to see the state’s holding in the banks decrease over time. Medium-term plans will “depend on the environment for Irish bank shares and how they begin to change over time,” he added.

Donhoe said today’s announcement would not impact restrictions on bankers’ pay. “They’re separate policy decisions,” he said.

The state could sell about two thirds of its Bank of Ireland holding over the next six months, Goodbody analyst Eamonn Hughes said in a research note. “The stake sale must be seen as an important step in the normalization of the domestic banking system,” he said.

So far, Ireland has recovered 19.2 billion euros of its bank bailout in cash by way of disposals, investment income and liability guarantee fees, the finance ministry said. In the case of Bank of Ireland, the government has already recouped 5.9 billion euros, against 4.7 billion euros invested in the bank.

“State investment in Bank of Ireland over a decade ago should never have been needed, but we will always be grateful for the support we received,” Bank of Ireland CEO Francesca McDonagh said in a separate statement. “We repaid the taxpayer by 2013, and again thank the State and Irish taxpayer for their extraordinary support.”

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Published : June 24, 2021

By : Syndication Washington Post, Bloomberg · Morwenna Coniam, Peter Flanagan

S&P 500 stuck in trading lull while bonds retreat #SootinClaimon.Com

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https://www.nationthailand.com/business/40002386

S&P 500 stuck in trading lull while bonds retreat


Stocks traded in a tight range Wednesday as investors assessed prospects for an economic recovery and continued Federal Reserve support amid the threat of inflation. Treasurys fell.

S&P 500 stuck in trading lull while bonds retreat

The S&P 500 drifted between gains and losses throughout the day, with companies tied to a broader reopening of the economy — such as retail and financial shares — outperforming. A rally in Tesla Inc. drove the Nasdaq Composite to a fresh record even as the gauge rose just 0.1%. Fannie Mae and Freddie Mac tumbled as the Supreme Court dealt a blow to investors in their challenge to the U.S. collection of more than $100 billion in profits from government-sponsored enterprises.

Equities briefly turned negative after Atlanta Fed President Raphael Bostic said the central bank could decide to slow its asset purchases in the next few months and he favored lifting rates in 2022. Treasury Secretary Janet Yellen said her department may exhaust emergency measures to avoid breaching the U.S. debt limit as soon as August unless Congress acts to avert a potential default that would be “catastrophic.”

Data Wednesday showed U.S. manufacturing activity expanded in June at the fastest pace in records dating back to 2007. Meantime, sales of new homes unexpectedly fell last month as elevated home prices continued to weigh on affordability. The reports came a day after Fed Chair Jerome Powell reiterated his views that policymakers will be patient in waiting to lift rates despite higher inflation.

“You’ve got this inflation issue that has captured the imagination of investors for the first time in a long time,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “I don’t have a great case for why the market takes another leap forward here over the summer. It’s going to be more of a churn, and we usually do get a little bit more volatility because volumes are down.”

The recent rally in Treasuries has helped bring their relationship with U.S. equities back to more traditional ground. One-month correlations between the Bloomberg Barclays U.S. Treasury Index and the S&P 500 Total Return Index have fallen back below zero. Stocks and bonds moving in lockstep create headaches for fund managers who use fixed-income securities to diversify their portfolios and protect them against a sell-off in equities.

These are some of the main moves in financial markets:

Stocks

– The S&P 500 fell 0.1% as of 4 p.m. EDT

– The Nasdaq 100 was little changed

– The Dow Jones industrial average fell 0.2%

– The MSCI World index was little changed

Currencies

– The Bloomberg Dollar Spot Index was little changed

– The euro fell 0.1% to $1.1925

– The British pound was little changed at $1.3960

– The Japanese yen fell 0.3% to 110.99 per dollar

Bonds

– The yield on 10-year Treasurys advanced two basis points to 1.49%

– Germany’s 10-year yield declined one basis point to -0.18%

– Britain’s 10-year yield was little changed at 0.78%

Commodities

– West Texas Intermediate crude rose 0.6% to $73.26 a barrel

– Gold futures were little changed

Published : June 24, 2021

By : Syndication Washington Post, Bloomberg · Rita Nazareth, Vildana Hajric

Marriott’s Engineering Conference Celebrates Unheralded Heroes #SootinClaimon.Com

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Marriott’s Engineering Conference Celebrates Unheralded Heroes


Virtual event gathers 94 engineers from hotels and resorts across Southeast Asia and the Maldives to recognize top performers and set out vision to maintain the highest standards

Marriott’s Engineering Conference Celebrates Unheralded Heroes

Engineering is one of the most important but least acclaimed elements of the hospitality industry. Behind the scenes and out of sight, teams of highly-trained professionals work tirelessly to make every element of a hotel or resort run smoothly, efficiently and in an environmentally-friendly manner, enhancing the guest experience.

To celebrate these unheralded heroes and ensure the highest standards of operational excellence, Marriott International recently hosted its regional Engineering Conference. Held virtually in line with ongoing social distancing requirements, this online event was attended by 94 engineers from properties in Thailand, Vietnam, Cambodia, Singapore and the Maldives, including several directors of engineering.

Marriott’s Engineering Conference Celebrates Unheralded HeroesMarriott’s Engineering Conference Celebrates Unheralded HeroesAttendees were greeted with keynote speeches by four of Marriott’s top regional executives, including Jakob Helgen, Area Vice President – Thailand, Vietnam, Cambodia & Myanmar; Rivero Delgado, Area Vice President – Singapore, Malaysia & Maldives; Ananchai “Mao” Lertwatthiphong, Vice President of Engineering; and Saravana Raj S, Area Director of Engineering, who all provided updates on the latest engineering objectives, plans and practices for the coming decade and beyond.

Environmental efficiency is a key element of Marriott’s vision for the future, and the engineering delegates were consulted on the company’s latest Utility Cost Benchmarking initiatives, which are designed to help hotels consume less energy.

The conference also recognized Marriott’s top hotels and resorts, according to the Guest Satisfaction Index (M&U) and Maintenance Excellence Index (TRG), which show how the engineering teams are making a positive impact on all aspects of hotel performance. A panel of experts then helped to introduce the group’s online platforms for hotel maintenance, and a quiz provided a fun way of boosting knowledge and awareness.

“Our engineering teams are the unheralded heroes of our hotels; the associates who often go unnoticed by our guests, but without whom our hotels simply could not operate. They also play a critical role in reducing our properties’ carbon footprints and helping us to function in an efficient and eco-friendly manner, which will be critical to our progress in the coming years. This virtual conference let us shine a spotlight on our engineers, celebrate their vital role and lay the foundations for a more sustainable future,” commented Jakob Helgen.

For more information about Marriott International, please visit www.marriott.com.

Published : June 23, 2021

Marriott Bonvoy Invites International Travelers to Phuket #SootinClaimon.Com

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Marriott Bonvoy Invites International Travelers to Phuket


With ‘Phuket Sandbox’ due to launch on 1 July 2021, nine SHA Plus-certified Marriott Bonvoy properties prepare to welcome back guests with “Summer Dreaming” promotion

Marriott Bonvoy Invites International Travelers to Phuket

Marriott Bonvoy Invites International Travelers to PhuketMarriott Bonvoy Invites International Travelers to PhuketMarriott Bonvoy, Marriott International’s extraordinary portfolio of 30 hotel brands, award-winning loyalty program, and endless experiences today introduces the “Summer Dreaming” offer. The offer is available across a choice of nine hotels and resorts¹ in Phuket, covering eight world-renowned brands to celebrate the return of cherished international guests from 1 July 2021.

International guests who have been dreaming of visiting Phuket for the last 15 months will soon be able to return to the “Pearl of the Andaman” following the launch of the ‘Phuket Sandbox’ program. Under this important initiative by the Government, overseas travelers can fly direct to Phuket, stay quarantine-free in world-class hotels and resorts, and soak up the blissful ambiance.

Under the “Summer Dreaming” offer, travelers who book at any participating Marriott Bonvoy property in Phuket will enjoy preferential rates, complimentary breakfast for two, and THB 1,000 (approximately USD 32) of hotel credit per room per night, which can be redeemed for memorable meals at the resorts’ restaurants, sunset drinks at the bars, soothing spa treatments and more. So the longer you stay, the more rewarding your stay becomes!

To offer extra flexibility to guests, all bookings can be cancelled without charge up to 24 hours before the check-in date, and Marriott Bonvoy members will receive 5,000 bonus points. Signing up as a Marriott Bonvoy member is complimentary.

For truly blissful beachfront breaks, guests who book seven nights or longer under the Summer Dreaming promotion will be treated to a complimentary room upgrade and late 4pm check-out², ensuring that every couple or family can maximize their time in paradise.

From activity-packed resorts to exclusive island retreats, every guest can discover their own tropical idyll across the nine Marriott Bonvoy properties. The brand-new Courtyard by Marriott Phuket Town, which opens in August 2021, will allow guests to immerse themselves in Phuket’s cultural heritage, surrounded by classical architecture, museums and markets.

Under the Tourism Authority of Thailand’s (TAT) newly-introduced Amazing Thailand Safety & Health Administration (SHA) Plus³ certification system, inbound visitors to Phuket will be required to stay at a hotel in which at least 70% of staff members have been vaccinated against COVID-19. Guests can rest assured that all of Marriott Bonvoy’s properties in Phuket have achieved SHA Plus certificates.

Marriott Bonvoy Invites International Travelers to PhuketMarriott Bonvoy Invites International Travelers to PhuketFor truly blissful beachfront breaks, guests who book seven nights or longer under the Summer Dreaming promotion will be treated to a complimentary room upgrade and late 4pm check-out², ensuring that every couple or family can maximize their time in paradise.

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From activity-packed resorts to exclusive island retreats, every guest can discover their own tropical idyll across the nine Marriott Bonvoy properties. The brand-new Courtyard by Marriott Phuket Town, which opens in August 2021, will allow guests to immerse themselves in Phuket’s cultural heritage, surrounded by classical architecture, museums and markets.

Under the Tourism Authority of Thailand’s (TAT) newly-introduced Amazing Thailand Safety & Health Administration (SHA) Plus³ certification system, inbound visitors to Phuket will be required to stay at a hotel in which at least 70% of staff members have been vaccinated against COVID-19. Guests can rest assured that all of Marriott Bonvoy’s properties in Phuket have achieved SHA Plus certificates.

Marriott Bonvoy properties across the world upholds the highest standards of health and safety under the company’s “Commitment to Clean”. The Marriott Cleanliness Council is redefining cleaning and safety standards, including enhanced cleaning technologies, adhering to social distancing protocols, food safety and more. To learn about how Marriott is keeping its guests safe, please visit clean.marriott.com.

The Thai government’s Phuket Sandbox program, which comes into effect on 1 July 2021, allows international travelers who have received two COVID-19 vaccinations to fly directly to Phuket without the need to quarantine upon arrival, as long as they show proof of booking at an SHA Plus-certified hotel and when applying for their Certificate of Entry (CoE). For more information, please click here. As one of the largest hospitality companies in Thailand, Marriott International is fully supportive of this initiative and can’t wait to welcome overseas visitors back to Phuket!

The Summer Dreaming promotion is valid for bookings made between 1 June and 31 August 2021, for stays taken between 1 July 2021 and 31 March 2022. Reservations must be made direct via https://hotel-deals.marriott.com/summer-dreaming-thailand-en/phuket/ using the promotional code A1764.

Published : June 23, 2021

BGRIM collaborates with Siemens Energy to upgrade co-generation plants #SootinClaimon.Com

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https://www.nationthailand.com/business/40002374

BGRIM collaborates with Siemens Energy to upgrade co-generation plants


B.Grimm Power Public Company Limited (BGRIM), Thailand’s leading industrial power producer, has formed collaboration with German engineering firm, Siemens Energy to upgrade its ten co-generation power plants.

BGRIM collaborates with Siemens Energy to upgrade co-generation plants

B.Grimm Power Public Company Limited (BGRIM), Thailand’s leading industrial power producer, has formed collaboration with German engineering firm, Siemens Energy to upgrade its ten co-generation power plants.

The accord will see Siemens Energy render its technological expertise to raise BGRIM’s powerhouses, currently with a combined generating capacity of 1,294 megawatt, by 44 MW.

As part of the overall performance improvement, the availability and efficiency of the facilities will also increase to a maximum of 55%.

BGRIM collaborates with Siemens Energy to upgrade co-generation plantsBGRIM collaborates with Siemens Energy to upgrade co-generation plantsThis collaboration agreement was concluded virtually between Dr. Harald Link, Chairman and President of BGRIM, and Thorbjörn Fors, Executive Vice President for Siemens Energy Industrial Applications, and Markus Lorenzini, Managing Director, Siemens Energy Limited (Thailand).

Dr Link said, “The collaboration with Siemens Energy reflects BGRIM’s endeavour to modernise its co-generation facilities located in industrial estates to ensure high quality of electrical and steam supplies to the industrial clients.”

Mr Fors said “We’re delighted to advance our collaboration with B.Grimm, to modernize their plants by applying digitalization solutions for operation and maintenance, to reduce fuel consumption and production costs, and to enhance their availability and efficiency. Continuous advancement of innovative technologies is the key to accelerate energy transition and transformation. We look forward to working with B.Grimm on future collaboration opportunities that will further strengthen our partnership.”

Published : June 23, 2021

Maybank Kim Eng launches new service “Investment Management”, investment planning service #SootinClaimon.Com

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https://www.nationthailand.com/business/40002372

Maybank Kim Eng launches new service “Investment Management”, investment planning service


Maybank Kim Eng Securities (Thailand) ready to launch a new service, Investment Management, by investment specialist Team

Maybank Kim Eng launches new service "Investment Management”, investment planning service

Maybank Kim Eng Securities (Thailand) ready to launch a new service, Investment Management, by investment specialist Team, a team of investment experts, to provide investment planning services to organize investment portfolios for clients both Goal Based Investment & Tailor-made Portfolio for all investment styles. We have a wide range of investment products and a full range of investments, including stocks and mutual funds, both domestic and international, offshore investments and bonds. Especially in the fund part, there are up to 16 asset management funds to choose with unbiased, trustworthy and reliable advice from our investment planning specialists who are ready to serve a superior privileges under the concept of “Build Wealth Confidently” to all clients

Mr. Arapat Sangkhara, CEO (Officer in Charge) of Maybank Kim Eng Securities (Thailand) Mr. Arapat Sangkhara, CEO (Officer in Charge) of Maybank Kim Eng Securities (Thailand)Mr. Arapat Sangkhara, CEO (Officer in Charge) of Maybank Kim Eng Securities (Thailand) said that “The current investment behavior of investors has changed from investing in securities to investing in various products. Therefore, it is imperative that we have to change our strategy to become a leader in providing complete investment services. and to reinforce strategy of the organization from “Trading” to “ Investing”. The company has launched a portfolio planning service called “Investment Management” and we have a team of experts directly to manage under the leadership of Ms. Panadda Tanchanchiwin, Managing Director of Investment Management with experience in wealth management from many reputable financial institutions for more than 15 years, together with a team of Relationship Manager or RM, a team of experts in portfolio planning who will closely take care our clients and help increase the investment potential to be more efficient.”

“With the company’s financial strength as a leading securities company in the market and with Maybank, the largest bank in Malaysia and the 4th largest in ASEAN as a major shareholder, we focus on a wide range of financial products. We have a team of analysts and strategists for both domestically and internationally market covering more than 7 countries around the world that will assist select products and open the new investment perspectives which is beneficial to all clients. Our Investment Management service requires a minimum investment of only 5 million baht. You can use the Investment Management service with various benefits which will increase according to the investment value of the clients.

“We are confident that Investment Management services will meet all lifestyles and needs of investors. No matter what style of investor you are we will help you plan, customize and organize your investment portfolio and get the return according to your investment goal. Because investment is a matter of concern, so it has to start from today.” added Mr. Arapat.

For investors interested in the service, please contact the Investment Management Center, 21st floor, the Offices at Central World, or contact the Client Service 02-658-5050 for details of the service.

Published : June 23, 2021

dtac and ABB partner on connected robotics #SootinClaimon.Com

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dtac and ABB partner on connected robotics


dtac and ABB Automation (Thailand) signed a memorandum of understanding to jointly develop robotics and machine automation solutions enabled by dtac connectivity.

dtac and ABB partner on connected robotics

dtac TriNet and ABB Automation (Thailand) today signed a memorandum of understanding to jointly develop robotics and machine automation solutions enabled by dtac connectivity. Beginning with a proof-of-concept using 5G connectivity, the strategic partnership is set to advance the country’s manufacturing capabilities into the fourth industrial revolution, known as Industry 4.0.

The first two solutions will be built on dtac’s mobile broadband and 5G private network, which delivers superlative security and reliability. ABB Robotics will provide safe, efficient support for humans working in manufacturing. And ABB Remote Insights will allow real-time monitoring of supply chains to foster resilient supply chains with precise and secure systems.

dtac and ABB partner on connected roboticsdtac and ABB partner on connected robotics

The partnership will create new opportunities for the production sector thanks to the increased productivity of smart factories using digital technology. As seen in Singapore and Taiwan, digitalization in manufacturing can reduce risks, improve quality, and shorten time to market.

Rajiv Bawa, Chief Business Officer at Total Access Communication Plc or dtac, said: “Thailand is facing a major challenge with a profound transformation of its infrastructure, which requires connectivity and digital solutions. Hence, our partnership with ABB on connected robotics and automation is a powerful use case of the dtac 5G Private Network. It will pioneer ways to sustainably overhaul production for the post-pandemic economy. We also hope it will encourage foreign investors to move their production base to Thailand. dtac’s partnership will ABB is therefore an important milestone for the Thai manufacturing sector.”

Gianandrea Bruzzone, Country Managing Director at ABB Thailand, said: “We’re pleased to partner with dtac to accelerate Thailand’s fourth industrial revolution. ABB is an expert in automated industrial robotics solutions with operations in more than 53 countries across the globe. We have a proven track record in sales with more than 500,000 robot solutions. This partnership on dtac’s 4G and 5G networks will usher Thailand’s manufacturing into the Industry 4.0 era.”

The joint development involves two key solutions:

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1. ABB Robotics – These “collaborative robots” will run on dtac’s 5G Private Network to make manufacturing safer, more flexible and more productive. They are designed for low payload applications such as handling small parts and performing inspections. With the dtac network, collaborative robots take operations to the next level with real-time control, greater speed and secured data transfers. Due to 5G’s very high reliability and fast response times, the robots can also operate in high-risk areas while human controllers can safely operate them remotely.

2. ABB Remote Insights – This collaborative application that improves interaction between remote experts and field personnel by enabling live instructions and guidance that can be overlaid on live video using augmented reality technology on dtac network. This new solution will simplify maintenance, reduce downtimes, increase equipment effectiveness and improve safety.

Published : June 23, 2021

Dusit Thani Laguna Phuket reopens to the world as part of Phuket island’s ‘Sandbox Programme’ #SootinClaimon.Com

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Dusit Thani Laguna Phuket reopens to the world as part of Phuket island’s ‘Sandbox Programme’


Luxurious beachfront resort is ready to welcome domestic and international visitors from 1 July 2021 onwards with new guest experiences, a special reopening package, and the latest certified health and hygiene standards.

Dusit Thani Laguna Phuket reopens to the world  as part of Phuket island’s ‘Sandbox Programme’

Dusit Thani Laguna Phuket, a luxurious beachfront resort on the northwest coast of Phuket, one of Thailand’s most beloved island destinations, is set to reopen its doors on 1 July 2021 as part of Phuket’s unique Sandbox Programme, which will allow vaccinated travellers from Thailand and overseas to visit the island and move around freely with no quarantine requirements.

To celebrate the occasion, Dusit Thani Laguna Phuket, which is owned and operated by Dusit International, one of Thailand’s leading hotel and property development companies, will welcome guests back with a wide range of family-friendly experiences specially crafted in line with Dusit’s four new pillars of gracious hospitality – including Service (personalised and gracious), Well-Being (delivering wellness experiences beyond the spa), Locality (uniquely linking guests with the local community), and Sustainability (social, economic, and environmental) – to add convenience, experience and value to every stay.

Dusit Thani Laguna Phuket reopens to the world  as part of Phuket island’s ‘Sandbox Programme’Dusit Thani Laguna Phuket reopens to the world as part of Phuket island’s ‘Sandbox Programme’This includes providing guests with the chance to enjoy a deeper connection with the destination through a range of complimentary activities reflecting responsible tourism practices. Among some of the options offered are guided tours to support local fishing villages; sustainable crafts workshops such as upcycled tie-dye and bag painting; cooking classes featuring locally sourced ingredients; and Thai cultural workshops where guests can learn more about the history of Phuket and the island’s unique traditions and customs.

Guests will also benefit from Dusit’s new group-wide holistic wellness concept, Devarana Wellness, which goes beyond the resort’s traditional spa offering to weave well-being elements throughout the entire stay experience. From complimentary activities that enhance emotional and physical resilience, such as yoga, meditation, and breathwork, to healthy restaurant menus and ‘micro wellness moments,’ including the offer of essential oils on arrival, Devarana Wellness has implemented property-wide services to help guests destress, detoxify, and enjoy deep restorative sleep.

Every weekend, the resort also offers a Family Retreat Programme, designed by Devarana Wellness, which is packed with entertaining and enriching experiences for adults and children alike. A mini-farm workshop, educational kids camp, stand up paddleboarding, and family-focused wellness sessions are just some of the activities provided.

Dusit Thani Laguna Phuket reopens to the world  as part of Phuket island’s ‘Sandbox Programme’Dusit Thani Laguna Phuket reopens to the world as part of Phuket island’s ‘Sandbox Programme’

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To prepare for welcoming international visitors, Dusit Thani Laguna Phuket has fully vaccinated its staff. It has also been certified for the Tourism Authority of Thailand’s new sanitary safety standard, SHA Plus. Certification is only awarded to properties that strictly follow official COVID-19 control guidelines and uphold the highest hygiene standards, including regular and thorough cleaning and disinfecting of all guest rooms and public areas.

Dusit’s carefully crafted ‘Dusit Care’ services are also in place to deliver additional convenience while maximising guest safety. Flexible check-in, anytime breakfast, and mobile payment methods are just some of the services offered so guests can stay with utmost peace of mind.

“We are delighted to reopen our doors to vaccinated visitors and welcome the world once again to Thailand at Dusit Thani Laguna Phuket,” said Ms Suphajee Suthumpun, Group CEO, Dusit International. “While international borders have been closed, we have been very busy reimagining our services and rolling out new experiences designed to add experience, convenience, and value to every stay, while ensuring guest safety always comes first. Showcasing our four new pillars of gracious hospitality – Service, Well-Being, Locality, and Sustainability – Dusit Thani Laguna Phuket has everything in place to create confidence among travellers, meet their post COVID-19 needs, and contribute to the safe and successful reopening of Phuket island. The resort’s SHA Plus certification, which reflects operating procedures already in place at each of our properties, also demonstrates our readiness to welcome vaccinated travellers at each of our properties when the time is right. The sandbox programme is a big step forward for Thailand and the hospitality industry at large, and we look forward to doing our very best to contribute to its success.”

Set on the white sands of Bang Tao beach overlooking the Andaman Sea and surrounded by lush tropical gardens, Dusit Thani Laguna Phuket comprises 253 elegant rooms, suites and villas. Amongst other facilities, it offers a fully equipped gym, tennis and sports courts, a luxurious spa, an outdoor swimming pool, a watersports centre, a children’s play area, and easy access to the neighbouring 18-hole Laguna Phuket Golf Course. Five dining outlets cater to a wide range of tastes, including international favourites, Royal Thai cuisine, and fine Italian dining.

To mark its opening, the resort is offering three special Back to Paradise packages starting at THB 12,800 net inclusive of free nights, daily breakfast, and other exclusive privileges. The options include:

• Book three nights and get an additional night free, inclusive of daily breakfast for two persons and daily THB 1,000 food and beverage credit.*

• Book seven nights and get an additional three nights free, inclusive of daily breakfast for two persons, and daily THB 1,000 food and beverage credit.*

• Book 10 nights and get an additional four nights free, inclusive of daily breakfast for two persons, and daily THB 1,000 food and beverage credit.*

The package is available for booking from 25 June – 30 September 2021, and valid for stay dates between 1 July – 30 September 2021.

Guests flying with participating airlines will also have the opportunity to earn up to 7,500 additional air miles.

For more details, please visit: https://www.dusit.com/specialoffers/

Published : June 23, 2021

Dhipaya Insurance proceeded the Shareholding Restructuring by setting up the Holding Company #SootinClaimon.Com

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https://www.nationthailand.com/business/40002355

Dhipaya Insurance proceeded the Shareholding Restructuring by setting up the Holding Company


Dhipaya Insurance proceeded the Shareholding Restructuring by setting up the Holding Company, which is now ready to make a Tender Offer for all TIP’s shares and to be listed on the SET

Dhipaya Insurance proceeded the Shareholding Restructuring by setting up the Holding Company

Dhipaya Insurance Public Company Limited (“TIP”) has notified the Stock Exchange of Thailand on 22 June 2021 that according to the Shareholding and Management Restructuring Plan of TIP, Dhipaya Group Holdings Public Company Limited (“TIPH”) was incorporated and will make a Tender Offer for all shares of TIP from existing shareholders in exchange for newly issued shares of TIPH, at the swap ratio of 1 ordinary share of TIP per 1 newly issued shares of TIPH. The Tender Offer period starts from 24 June 2021 until 30 August 2021 during the hours of 9.00 a.m. to 4.00 p.m. of every business day, totaling 45 business days.

The aforementioned share exchange process does not occur automatically. The exchange of shares will occur only when shareholders accept the Tender Offer.

After the completion of Tender Offer and TIPH meet the criteria for listing of ordinary shares as listed securities, the ordinary share of TIPH will become listed securities on the Stock Exchange of Thailand (the “SET”) in place of the ordinary share of TIP which will be delisted from the SET on the same day. The listing of TIPH share in place of TIP is expected to be completed within September 2021.

The Existing shareholders of TIP can accept the tender offer by contact the brokerage company that you have the securities trading account with or contact Finansia Syrus Securities Public Company Limited, which is the Tender Offer agent, at 7th floor, Mint Tower, 719, Banthadthong Rd., Wangmai, Pathumwan, Bangkok 10330, Telephone: 66 (0) 2680 0843, the contact person is Ms. Chulakull Phumon.

Published : June 23, 2021