The St Regis celebrates a decade in Bangkok #SootinClaimon.Com

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https://www.nationthailand.com/biz-moves/30404259

The St Regis celebrates a decade in Bangkok

Mar 29. 2021

By THE NATION

The St Regis Bangkok is celebrating its 10th anniversary in April, with a month-long series of immersive activities.

To mark a decade in the Thai capital, Marriott International is showcasing The St Regis’s storied heritage, which dates from 1904, with a series of signature rituals inspired by Caroline Astor, doyenne of the Gilded Age and matriarch of The St Regis brand’s founding family.

A prominent 19th-century socialite, Mrs Astor was the mother of Colonel John Jacob “JJ” Astor IV (from whom the hotel’s teddy bear gets its name), who founded The St Regis New York as a place to pursue his epicurean passions and entertain the city’s luminaries.

Celebrating The St Regis Bangkok’s 10th anniversary, guests can follow in Mrs Astor’s footsteps and engage in the brand’s signature rituals, including a Siam Mary cocktail class (the hotel’s reimagined version of the classic Bloody Mary, which was originally created at The St Regis New York’s King Cole Bar in 1934), and a private sabering, the ritual adopted by JJ Astor to mark the transition from day to evening.

Once considered a glamorous gathering for the city’s high society, afternoon tea was a favourite pastime of Mrs Astor, who transformed the occasion into a private social event for 400 personally invited guests. Today, Time for Tea remains a quintessential tradition of The St Regis. In honour of Mrs. Astor, The St Regis Bangkok has created a special “Caroline’s Afternoon Tea”, which will be available throughout April and May.

St Regis butlers will offer exclusive services, such as packing and unpacking, signature beverage services, garment pressing and more, as they have done for over a century.

“More than a century since The St Regis was founded in New York, its legacy of impeccable services and spirit of innovation is kept very much alive at 45 hotels and resorts around the world,,” said Klaus Christandl, general manager, The St Regis Bangkok.

“As we look back at the past decade, we can feel proud to have set new standards of service in a Kingdom already famed for its hospitality,” he added.

Promotion available for bookings at The House of Astor with an exclusive room from April 1-30, and stays until September 30.

For more information and reservations, call +66 (0) 2207 7777 or visit www.stregisbangkok.com.

Thai- German project to upscale sanitizer production to reduce spread of Covid-19 #SootinClaimon.Com

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https://www.nationthailand.com/biz-moves/30404252

Thai- German project to upscale sanitizer production to reduce spread of Covid-19

Mar 29. 2021

By THE NATION

A Thai-German collaboration aims to help tackle Covid-19 by upscaling sanitizer production in Thailand and promoting hand hygiene.

A memorandum of understanding was signed by Dr Kittinan Anakamanee, CEO of the Healthcare Accreditation Institute of Thailand (Public Organization), Reinhold Elges, director Deutsche Gesellschaft für Internationale Zusammenarbeit Thailand, and Sayan Roy, managing director of B. Braun (Thailand) Ltd for implementation of the project in response to the Covid-19 situation in Thailand.

The MoU signing ceremony was witnessed by Jan Scheer, deputy head of mission and head of economic affairs at the embassy of Germany.

The collaboration of the three partners aims to improve Covid-19 prevention through investment in the increase in additional capacity of softa-gel alcohol hand sanitizer, which has been tested as global standards EN 14476 efficacy against enveloped virus including the coronavirus, EN 1500 recommended by World Health Organization (WHO) and EN 1276 with Department of Medical Sciences recommendation. The alcohol hand rub will be given to healthcare personnel at 55 selected healthcare facilities in high-risk zones as well as low-income farmer groups in rural farming communities in Thailand.

In addition, the project will develop e-learning modules for communities and healthcare personnel to update knowledge of hand hygiene and self-protection.

mu Space gets BOI investment incentives to compete in global space industry #SootinClaimon.Com

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https://www.nationthailand.com/biz-moves/30404249

mu Space gets BOI investment incentives to compete in global space industry

Mar 29. 2021

By The Nation

Satellite and space technology company mu Space and Advanced Technology Co Ltd has secured Board of Investment (BOI) investment promotion privileges to compete in the international space technology market.

mu Space is granted A1 level of investment promotion incentives and privileges, the highest rank of any eligible incentives, with the manufacturing of its small satellite components in a category of high technology industry; manufacture or repair of aircraft, or aerospace devices and equipment section.

The company said its investment plan focuses on two aspects — machinery, and research and development.

The main objective of mu Space’s investment in machinery is to serve the manufacturing process. These machines include raw materials and equipment both domestically and internationally made, such as 3D printer or additive manufacturing, CNC machine, robotic Arms, Attitude Control Test Bed, Air bearing, helmholtz cage, and sun simulator. For investments in R&D and spacecraft engineering systems, the company plans to impart knowledge on satellites and space technology.

mu Space founder and CEO,Varayuth 'James' YenbamroongVarayuth ‘James’ Yenbamroong, said: “Innovations that blend technology and art need the use of knowledge on real science, engineering, and fundamental thinking that our team has implemented earnestly.”

The CEO strongly views the company’s young team members as mu Space’s strength.

“We have a group of young-generation personnel that have high capability. Thailand also has the advantages of natural resources and energy as well as existing infrastructure from heavy industry like automotive manufacturing.”

mu space is granted BOI incentives and privileges including eight years of exemption from corporate income tax, exemption of import duties on machinery, exemption of import duties on raw materials used in R&D, exemption of import duties on raw materials used in production of export, as well as merit on decentralisation which is a 50 per cent reduction of income tax for another 5 years, along with other privileges that are not tax-related.

“Our plan in the next 3-5 years is generating thousands of highly paid jobs, offering higher payments for talents in the new technology circle, and boosting more trading within the community. We hope to eventually establish a high technology ecosystem that attracts people’s attention and interest in technology,” says James.

Key groups of mu space’s clients are private companies such as telecommunications and internet service providers, state enterprises such as space and defence agencies, heavy industry, and other aerospace companies.

“We are the first mover in Asean and often compared with other players in Europe, the US, and Australia. What we have already invested will begin to take off within the next 3-5 years”, added the CEO.

mu space team is currently developing Space Internet Data Center. The company is also expanding its operations to a new factory (size M), which is 10 times bigger than its original one and helps increase production capacity. The company is planning to launch its self-developed satellite and space technology at mu space’s technology day event. This satellite will have its first actual test launch into space and will be ready for service within 2021, the company said.

SET gains over 0.5% as US shows signs of recovery #SootinClaimon.Com

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https://www.nationthailand.com/business/30404270

SET gains over 0.5% as US shows signs of recovery

EconMar 29. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,583.89 on Monday, up 9.03 points or 0.57 per cent. Total transactions amounted to Bt71 billion with an index high of 1,592.47 and a low of 1,580.90.

In the morning session, Krungsri Securities expected the day’s index to rise to between 1,580 and 1,585 points in response to the rise in the US consumer confidence index.

He said the index would gain positive sentiment from mass buy-ups of shares as window dressing before the end of the first quarter this year.

“However, the index will be under pressure due to rising US bond yield and volatility in fund flows,” he said.

The 10 stocks with the highest trade value today were BANPU, CPALL, PTT, ACE, SCC, OR, BTS, AEONTS, VGI and PTTGC.

Other Asian indices were up with one exception:

Japan’s Nikkei Index closed at 29,384.52, up 207.82 points or 0.71 per cent.

China’s Shang Hai SE Composite Index closed at 3,435.30, up 16.97 points or 0.50 per cent, while Shenzhen SE Component Index closed at 13,771.26, up 1.58 points or 0.011 per cent.

Hong Kong’s Hang Seng Index closed at 28,338.30, up 1.87 points or 0.0066 per cent.

Taiwan’s TAIEX Index closed at 16,475.97, up 170.09 points or 1.04 per cent.

However, South Korea’s KOSPI closed at 3,036.04, down 4.97 points or 0.16 per cent.

New regulations to be announced soon for digital asset custodial wallet providers #SootinClaimon.Com

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https://www.nationthailand.com/business/30404260

New regulations to be announced soon for digital asset custodial wallet providers

EconMar 29. 2021

By The Nation

To tackle the illegal use of digital assets, the Securities and Exchange Commission (SEC) is framing regulations to allow digital asset custodial wallet providers to seek a licence.

SEC secretary-general Ruenvadee Suwanmongkol said that if there were no change in regulations, the commission could request permission from the Finance Ministry to make an announcement as soon as possible.

She said the regulations would allow digital asset custodial wallet providers to take care of customers’ digital assets worth less than Bt15 million by themselves, but those who take care of customers’ digital assets worth more than Bt15 million must deposit such assets with digital asset custodians.

“Currently, digital asset custodial wallet providers who take care of customers’ digital assets worth more than Bt15 million are using digital asset custody services in foreign countries that were not under Thailand’s laws,” she said.

“Meanwhile, we found that digital assets can be used in illegal ways, such as for drugs and money laundering, as digital assets can conceal transaction information.”

She said a digital asset exchange had requested for real estate tokenisation with the SEC last week, adding that the commission will issue a licence to the company by the second quarter of this year.

“This move will help investors become familiar with new ways of investment,” she added.

Slew of local and foreign factors to determine SET, baht direction #SootinClaimon.Com

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https://www.nationthailand.com/business/30404248

Slew of local and foreign factors to determine SET, baht direction

EconMar 29. 2021

By The Nation

Both domestic and overseas factors could influence the Stock Exchange of Thailand (SET) and the baht this week, Kasikornbank experts said on Sunday.

Kasikorn Securities said the SET Index’s support line is between 1,550 and 1,565 points, while its resistance line is between 1,585 and 1,600 points.

The securities company advised investors to follow the Covid-19 situation and vaccines, tensions between China and western countries, and Thailand’s political situation.

“US economic data that warrants close monitoring include manufacturing Purchasing Managers Index [PMI], non-farm payrolls, and jobless claims,” Kasikorn Securities said.

“Other important factors that warrant close monitoring include the euro-zone and Japan’s manufacturing PMI, plus Japan’s retail sales and industrial production.

The SET Index closed at 1,574.86 on Friday, up 0.70 per cent compared to the previous week. The average daily transaction was Bt84.75 billion, up 0.18 per cent compared to the previous week.

Meanwhile, Kasikornbank forecast the baht would move between 30.90 and 31.30 to the US dollar this week.

The bank advised investors to follow the Bank of Thailand’s financial and economic report for February, the Covid-19 situation and vaccines, and the direction of the US bond yield.

“US economic data that warrants close monitoring include non-farm payrolls, private employment, consumer confidence index, manufacturing PMI, home sales, and jobless claims,” Kasikornbank said.

“Other important factors that warrant close monitoring include China, euro-zone and Britain’s manufacturing and service PMI.”

The baht closed at 31.08 to the dollar on Friday, weakening from 30.85 in the previous week. The baht is at its weakest in four and a half months at Bt31.20 to the dollar this week.

SET gets a boost from rising US consumer confidence index #SootinClaimon.Com

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https://www.nationthailand.com/business/30404247

SET gets a boost from rising US consumer confidence index

EconMar 29. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 9.08 points, or 0.58 per cent, to 1,583.94 in the morning session on Monday.

A Krungsri Securities analyst expected the day’s index to rise to between 1,580 and 1,585 in response to the rise in the US consumer confidence index and oil price before falling.

He said the index would gain positive sentiment from mass buy-ups of shares as window dressing before the end of the first quarter this year.

“However, the index would be under pressure due to rising US bond yield and volatility in funds flow,” he said.

He recommended that investors buy:

▪︎ AOT, MINT, CENTEL, AAV, BA, CPN, CRC and MAJOR, which benefit from positive news of the Covid-19 vaccine in Thailand.

▪︎ HANA, KCE, TU and CPF, which benefit from the weakening baht.

▪︎ CBG, ICHI, SAPPE, RBF, DOD, IP, TACC, GUNKUL and KISS, which benefit from positive news on hemp production and its general use.

▪︎ PTG, EA, GPSC and BBP, which benefit from news that Thailand will stop sales of conventional motor vehicles by 2035 and go in solely for electric vehicles.

The SET Index closed at 1,574.86 on Friday, up 3.82 points or 0.24 per cent. Total transactions amounted to Bt74 billion with an index high of 1,580.74 and a low of 1,566.89.

Gold stable but Covid-19 likely to push up demand for safe-haven assets #SootinClaimon.Com

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https://www.nationthailand.com/business/30404246

Gold stable but Covid-19 likely to push up demand for safe-haven assets

EconMar 29. 2021

By The Nation

The price of gold was unchanged from Saturday’s close in morning trade on Monday, the Gold Traders Association reported.

As of 9.29am, the buying price of a gold bar was Bt25,450 per baht weight and selling price Bt25,550, while gold ornaments were priced at Bt24,998.84 and Bt26,050, respectively. The price had risen by Bt150 per baht weight last week.

Spot gold price dropped slightly to US$1,732 (Bt54,049) per ounce after rising by $7.2 to $1,732.3 on Friday, due to mass buy-ups of safe-haven assets amid uncertainty over the economic impact after European countries imposed lockdown measures to contain the spread of Covid-19.

Hong Kong gold price rose by HK$10 to $16,040 (Bt64,407) per tael, the Chinese Gold and Silver Exchange Society reported.

UNDP and Japan partner to aid vulnerable groups hit hard by Covid-19 in Thailand #SootinClaimon.Com

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https://www.nationthailand.com/biz-moves/30404153

UNDP and Japan partner to aid vulnerable groups hit hard by Covid-19 in Thailand

Mar 26. 2021

By THE NATION

The UN Development Program (UNDP) with support from the government of Japan has offered grants to vulnerable groups suffering from socio-economic impacts as a result of the Covid-19 pandemic in Thailand.

The outbreak of the pandemic has caused significant disruption to the Thai economy, resulting in one of the most severe economic downturns ever faced in the history of the country. Although stimulus packages have been put in place by the Thai government to restructure the economy, the crisis has widespread repercussions on individuals.

The Covid-19 Social and Economic Response and Recovery project was developed in alignment with the World Health Organization’s “Covid-19 Strategic Preparedness and Response Plan”, the United Nations Partnership Framework (2017-21) and the UNDP Country Programme for Thailand (2017-21).

Following a national call for grant submissions and a competitive process, a selection committee consisting of representatives from the Ministry of Social Development and Human Security, the Office of the National Economic and Social Development Council, Chiang Mai University, Prince of Songkla University and UN Women, awarded 24 non-governmental organisations and civic society organisations across Thailand. The grants amount to US$1 million and are funded by the Japanese government.

Fumihiko Goto, Counsellor and Deputy Permanent Representative to ESCAP, Embassy of Japan in Bangkok.

Fumihiko Goto, Counsellor and Deputy Permanent Representative to ESCAP, Embassy of Japan in Bangkok.

“To fight against Covid-19, Thailand and Japan are facing the same challenges in securing vaccines for our citizens, balancing between containing the pandemic and promoting economic recovery,” said Fumihiko Goto, counsellor and deputy permanent representative to ESCAP, Embassy of Japan in Bangkok. “Despite the common challenges we are facing, I am pleased and proud that we could start a new page of cooperation with our local partners in Thailand with help from our longstanding partner, the United Nations Development Program in Thailand.”

The 24 selected projects receive US$10,000 to $50,000 each and will need to be implemented between January to June 2021. Grant activities will target approximately 16,000 direct and 100,000 indirect beneficiaries across the country, will promote gender-sensitive economic empowerment interventions, improve access to basic services, ensure food security targeting the most vulnerable groups, including youth, people with disability, ethnic minorities, the LGBTI community, victims of gender-based violence, including low-income groups.

Renaud Meyer, Resident Representative of UNDP in Thailand delivered remarks at the launch event.

Renaud Meyer, Resident Representative of UNDP in Thailand delivered remarks at the launch event.

“Thanks to the generous contribution of Japan, the UNDP is able to further strengthen our contribution to Thailand’s response to the pandemic. These grants are empowering Thai civil society to provide assistance to vulnerable communities impacted by Covid-19 and address some of the acute socio-economic impacts of the pandemic. We are grateful to our government partners and other members of the selection committee for their collaboration at effectively ensuring no one is left behind in the country’s recovery,” said Renaud Meyer, resident representative of UNDP in Thailand.

Under this grant programme, activities implemented to support Thailand’s Covid-19 recovery include an employment programme through digital skills training for people with disability, community-led social protection services for sex workers, innovative sustainable highland agriculture system practices for stateless people, and career counselling for young social entrepreneurs.

Grants issued under this project will reach up to 100,000 vulnerable individuals to mitigate the pandemic’s socio-economic impact in different geographical areas throughout Thailand, contributing to the achievement of the United Nations’ 2030 Sustainable Development Agenda, UNDP said.

Landy Home eyes 15% growth in 2021 as No 1 in home building market #SootinClaimon.Com

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https://www.nationthailand.com/property/30404111

Landy Home eyes 15% growth in 2021 as No 1 in home building market

Mar 26. 2021

By THE NATION

Landy Home (Thailand) marked the grand opening of its flagship sales gallery on Ratchapruek Road on Wednesday by targeting Bt2.4 billion sales in the home building market in 2021 – or repeat yearly growth of 15 per cent.

“Our business performance in 2020 showed 15 per cent growth from the previous year with total sales of Bt2.1 billion, 80 per cent of which came in Bangkok and 20 per cent in other provinces,” said Pornrat Maneerattanaporn, assistant managing director & sales director. “This performance went against the trend in 2020 when the value of the home building market dropped roughly 5 per cent from Bt12.5 billion in 2019 to Bt12 billion in 2020 under the impact of Covid-19.”

Pornrat said statistics from the Home Builder Association indicated that sales of custom-built houses in 2020 were dominated by smaller homes in the Bt2-5 million price range and mid-size homes priced Bt5-15 million.

“However, demand for luxury houses priced over Bt15 million is on the rise and could grow as high as 16 per cent year on year in 2021,” she added.

“Amid economic uncertainty brought by the outbreak, customers in this sector are considering building their houses with larger companies rather than smaller ones due to superior credibility and reliability. This is a great opportunity for Landy Home as we have long experience in home building plus the largest registered capital in the market at Bt200 million.”

The company is therefore targeting sales growth of 15 per cent to total Bt2.4 billion in 2021.

Phattra Maneerattanaporn, Landy Home’s director of marketing and product design, said demand for Bt15 million-plus luxury houses drove the decision to open the Landy Grand Sale Gallery on Ratchapruek Road as the company’s flagship.

“This flagship store will help us penetrate the high-end market in Thonburi areas,” she said. “According to our database, the demands for luxury houses in Thonburi is as high as in Bangkok. Thonburi also has high potential in terms of complete infrastructure, convenient transport connections to downtown Bangkok and main highways, population density, and potential for future development.”

Phattra added that the company has divided its products into three segments.

Trendy Homes are small-size residences priced at Bt2-5 million and accounting for 45 per cent of the company’s sales. Landy Homes are medium-size residences priced at Bt5-15 million, accounting for up to 30 per cent of sales. The Landy Grand are large, luxurious residences at Bt15 million and over, responsible for 25 per cent of the company’s sales.

“At our flagship store, you will find over 300 models of houses under the Trendy Home and Landy Home categories on the first floor, while the second floor is dedicated to Landy Grand products that include 3D models, consultation station with our experienced architects, and an exclusive lounge for customers,” she said. “Landy Home Ratchapruek is designed as a one-stop service centre for the luxury home building market. Currently we are offering discounts of up to 30 per cent as well as gift vouchers up to Bt450,000 to new customers.”

As for home-building trends in 2021, Phanid Maneerattanaporn, Landy Home’s director of construction and administration, said: “With the modern lifestyle focusing on health and spending more time at home, the company is focusing on developing home technology under the concept “Landy Life” with an aim to improve our customers’ quality of life at an affordable price.”

Among the company’s signature technologies is the CAP+, or Clean Air Positive Pressure Plus – an air purifying system that is installed in all Landy Home houses to protect against PM2.5 dust particles and germs, maintain oxygen levels and reduce carbon dioxide within the air-conditioned rooms.

“Moreover, we have taken it to another level with CAP+ V.2, adding a Zeolite Filter that helps reduce allergens and filters out chemical substances, controlled via a mobile application which is compatible with Google Assistant and Alexa,” he added.

Landy Grand Sale Gallery is opposite The Circle Shopping Complex on Ratchapruek Road in Bangkok’s Taling Chan district. For more information, contact (02) 938 3456.