Thailand’s exports in August expanded by 7.5 per cent year on year to 861.16 billion baht, the Commerce Ministry reported on Monday.
Meanwhile, trade value in the first eight months rose 11 per cent from the same period last year to 6.63 trillion baht.
In August, however, Thai export of agricultural products dropped 10.3 per cent to 77.08 billion baht.
The export of agro-industrial and industrial products expanded by 27.6 per cent and 9.9 per cent to 71.01 billion baht and 680.47 billion baht, respectively.
The Commerce Ministry expected Thailand’s exports to gain positive sentiment, especially the demand for foods which is expected to rise in the remainder of this year despite rising food prices.
“In addition, the weakening baht in response to many trade partner countries’ move to raise their policy interest rate also has helped Thailand maintain export competitiveness,” the ministry added.
India’s control on rice exports, new orders from Iraq a boon for Thai rice industry
MONDAY, SEPTEMBER 26, 2022
THE NATION
India’s ban on broken rice export and increased tax on rice shipments, as well as the resumption of orders from Iraq have been a blessing for Thailand’s rice industry.
The Thai Rice Exporters Association said on Sunday that thanks to these developments, Thailand’s total rice exports could reach 8 million tonnes.
Chukiat Opaswong, the association’s honorary chairman, said India’s recent ban on the export of broken rice and imposition of a 20 per cent duty on shipments of white and brown rice could benefit Thailand as it would bring the price of Indian rice close to that of Thai rice.
“This will encourage customers to switch to Thai rice due to superior quality and on-time delivery,” he said.
Chukiat added that Indian white rice, which went for US$340 per tonne, now costs $390-$400 per tonne, while Thai white rice is priced at $420 per tonne.
He said India has imposed these measures to curb exports because rice harvests in the country have plummeted due to a severe drought and there may not be enough rice for domestic consumption.
The association had initially estimated Thailand’s total rice export this year at 7.5 million tonnes, up from 6.1 million tonnes in 2021.
“With India’s new measures in effect, we expect their rice export to drop to 17 million tonnes from 21 million tonnes recorded last year. This missing ratio will go to other exporters like Vietnam, Myanmar and Thailand,” he said.
“This could bring our rice exports this year up to 8 million tonnes worth approximately 150 billion baht.”
Chukiat said another factor contributing to the surge in rice export this year is that Iraq has resumed buying rice from Thailand since late last year. Iraq had banned the import of Thai rice for nearly nine years because it failed to meet standards.
“Thanks to the Commerce Ministry’s negotiations and continued marketing campaigns, Iraq is now importing as much as 100,000 tonnes of Thai rice monthly and will therefore contribute 1.2 million tonnes of total rice export this year,” Chukiat added.
As of August 20, Thailand has exported 5.35 million tonnes of rice worth 9.57 billion baht, up 46.46 per cent and 40.11 per cent year on year respectively.
The story behind major changes at Nation Group, Thailand’s eminent media organisation, was revealed by vice chairman Adisak Limparungpattanakij at the Trusted Media Summit APAC 2022 event, held virtually on September 20-21.
The seminar was organised by Google News Initiative, Cofact (Thailand) and network partners after their recent public survey of trust in Thai media’s political reporting. The survey revealed that Bangkokians had highest trust in media when it came to news reporting and presentation techniques (score 3.42), but lowest trust when it came to transparency and professional ethics of journalists (2.91).
“Trusted media is the most valuable asset for the journalistic profession,” affirmed Adisak, executive committee vice chairman at Nation Group (Thailand). “However, it is also the asset that is hardest to maintain.”
During a “Lightning Talks” seminar, Adisak revealed the core mission to “bring The Nation back to earth” as well as outlining changes and challenges that have shaken up Nation Group and Thai society over the past few years.
“What severely damaged our credibility as journalists was allowing Nation TV news anchors and moderators to influence the editorial team,” said Adisak. “There was no filtering whatsoever on what was presented on Nation TV programmes during 2019-2020. Anchors and moderators selected whatever they liked, including one-sided information and fake news, and then persuaded the audience to agree with them.”
“It is as though Nation TV audiences were being hypnotised during those two years,” he added.
Adisak said the decline of audience trust and confidence in the company was the turning point that spurred major change within the organisation over the past few years.
“The voice of news consumers made us think about what we had done wrong that caused over 50 of our employees to resign at the same time,” said Adisak, clarifying that the mass resignation had happened before his return to Nation Group as a vice chairman.
“This incident was the beginning of our return to the ‘Nation Way’ – the way of professional media. Since then, we have embarked on a mission to restore trust among news consumers and external parties, as well as raise the morale of employees through communication,” he said.
Adisak said Nation Group had learned from this lesson that trustworthiness is the most important asset of a media organisation. It is the hardest asset to keep but is also of the greatest value to all journalists.
“Trust in your media output leads to you being trusted as an organisation. I constantly reiterate the message to all Nation Group employees: stay committed to this principle,” said Adisak.
Thailand to work with partners in accelerating actions to achieve Sustainable Development Goals
SATURDAY, SEPTEMBER 24, 2022
THE NATION
On September 22, Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs, hosted a side event “Regional Pathways to the Global Goals: ASEAN’s Approach towards SDGs Implementation and Sustainable Post-COVID-19 Recovery” in the margins of the 77th Session of the UNGA High-level Week.
The event was co-organised by Thailand, as ASEAN Coordinator on Sustainable Development Cooperation, and the ASEAN Centre for Sustainable Development Studies and Dialogue, with the aim to exchange ideas and views on approaches to regional collaborations and partnerships in advancing the sustainable development agenda especially in the context of the post-COVID-19 recovery.
Activities in the event include High-level segment with remarks by the Foreign Minister, Senator the Honourable Penny Wong, Minister for Foreign Affairs of Australia, and Dato Lim Jock Hoi, Secretary-General of ASEAN, followed by a panel discussion. The event was attended by representatives from ASEAN Member States, ASEAN’s external partners and UN agencies.
In his opening remarks, Don emphasised the need to accelerate actions to achieve the SDGs, particularly as a quadruple shock – COVID-19 pandemic, climate change, conflicts, and supply chain disruption – has undone hard-won progress made thus far on sustainable development. He suggested two key elements that are preconditions for taking forward SDGs implementation, namely (1) ensuring a peaceful environment conducive to sustainable development and reinforcing constructive cooperation to build strategic trust and create mutual benefits; and (2) enhancing partnerships through synergies, the whole of society approach, and multi-stakeholder engagement for the UN 2030 Agenda.
Reiterating ASEAN’s commitment to promoting these two key elements, the Foreign Minister highlighted ASEAN’s undertakings to promote peace and partnerships for sustainable development through frameworks and mechanisms such as the ASEAN Outlook on the Indo-Pacific (AOIP), the Complementarities Initiative, and the ASEAN Centre for Sustainable Development Studies and Dialogue (ACSDSD). Meanwhile, Senator Wong reiterated Australia’s commitment to deepen engagement and increase sustainable development cooperation with ASEAN to realize a peaceful and prosperous region for the benefit of the peoples.
During the panel discussion, representatives from Indonesia, as the incoming Chair of ASEAN in 2023, the European Union, the FAO, and the Rockefeller Foundation exchanged views on how ASEAN and partners, through the 4Ps – public, private, people, partnership – model, can help turn crisis into opportunities and concretely translate regional development vision into actions. The importance of inclusive collaboration based on mutual benefits was also highlighted as one of the key enabling factors in addressing both short-term and long-term challenges of the SDGs implementation. Panelists commended Thailand for taking the lead in convening dialogue on this issue and reiterated commitments to continue working closely with ASEAN to deliver the SDGs.
This side event serves not only to provide a platform for ASEAN and various stakeholders to deepen engagement and brainstorm ways forward for accelerating SDGs implementation, but it also reflects ASEAN’s continuing contribution to the global efforts in realizing the SDGs and to promoting sustainability in all dimensions at the global level.
AIS launches Thailand’s first “Aunjai Cyber Course” to level up digital education
FRIDAY, SEPTEMBER 23, 2022
In a collaboration between AIS and 3 key ministries – MOE, MOPH, MOI and King Mongkut’s University of Technology Thonburi, they are building cyber-immunity from a young age with effective education nationwide
AIS has partnered with four key institutions: Ministry of Public Health, Ministry of Education, Ministry of Interior and King Mongkut’s University of Technology Thonburi in signing an MoU to launch “Aunjai Cyber”, a course in cyber immunity, for the first time ever in Thailand.
It is a joint effort between the state and private sectors to upgrade education in the digital age, protect against cyber threats and build immunity in digital lifestyles for all ages from children to members of the public.
Teachers can learn for themselves and then apply that to their students on the digital LearnDi platform and the Aunjai Cyber App.
Content has been designed in reference to the DQ Framework (Digital Intelligence Quotient) standards. Materials have also been adapted to the context of Thai society by mental health professionals.
This is now a target for rollout to over 30,000 educational institutions around the country which are under the Ministry of Education and the Ministry of Interior.
All Thai people, regardless of gender or age, are invited to test their digital skills with the “Aunjai Cyber” syllabus, and upgrade their knowledge of Digital Citizenship.
Somchai Lertsutiwong, CEO of AIS, said, “At AIS, the focus of our work is more than developing our network quality to meet users’ needs. We are also actively aware of building a better digital society. Since 2019 we have implemented our Aunjai Cyber program as the hub of a network for every sector to come together and make positive changes to Thailand’s digital society. We use digital tech both as a tool for secure use, and to enhance digital intelligence. The body of knowledge promoting digital skills for Thai people gives them adequate warnings, so they can enjoy the digital world securely and creatively.
“AIS is fulfilling this mission in cooperation with the country’s three most important ministries. Digital learning materials have been created for the Aunjai Cyber Course. The Department of Mental Health under the Ministry of Public Health has developed a course in partnership with King Mongkut’s University of Technology Thonburi, which has a strong graphics and animation component. The Ministry of Education, through the Office of the Basic Education Commission (OBEC), has been helping to certify that these courses are compliant with educational standards, and hence can be made available to students. The Ministry of Interior will also bring this course to the schools under their supervision.”
“Aunjai Cyber course” is presented in 4 Professional Skill Modules (4P4) covering the following digital skills:
1. Practice: Instilling the knowledge and understanding of using digital tech correctly and appropriately
2. Personality: Recommendations to protect online privacy
3. Protection: Learning how to prevent online cyber threats
4. Participation: Interactive learning of appropriate online communications skills and behaviour
Since January 2022, the program has been trialled in a virtual sandbox. Over 160,000 teachers and students have taken the course and passed the test
Amporn Benjaponpitak, M.D., FRCPsychT Director-General of the Department of Mental Health said, “One of our missions at the Public Health Ministry is mental health, executed by the Department of Mental Health as the responsible body for mental healthcare in Thailand. Our mission is focused on providing the Thai public with the resources they need to look after their mental health sustainably. Working with AIS to develop the Aunjai Cyber Course is a very concrete application of this policy. The Department of Mental Health has provided content suitable for every social group and age cohort in the form of warnings, recommendations and suggestions to cope with online challenges securely and creatively, very much in tune with our vision at the Ministry of Public Health.”
King Mongkut’s University of Technology Thonburi (KMUTT) President, Assoc Prof Suvit Saetia, commented on the university’s cooperation to develop educational materials for the Aunjai Cyber Course. “This cooperation came about from the sincere intention to work together of the faculty and other personnel, particularly by unleashing the potential of the Faculty of Industrial Education and Technology. This is in line with our long-term goals to develop educational innovation. We have developed digital media for the Aunjai Cyber Course. Alongside digital media for teaching, there is a test to assess the student’s digital skills and understanding of digital citizenship. We sincerely hope that by following this course, everybody will be helped to adjust their lifestyles in the digital age and be good digital citizens, able to access the online world securely.”
Treenuch Thienthong, Minister of Education, noted, “The Aunjai Cyber Course is another important step for Thai education in keeping abreast of a rapidly changing digital world. The mission of the Education Ministry is dedicated to expanding access to educational services. The course we are launching today has been certified by the Office of the Teacher Civil Service and Educational Personnel Commission (OTEPC) as a course suitable for teachers and instructors at institutions under the Office of the Basic Education Commission (OBEC). Teachers have been able to count development hours in requests for promotion, as stipulated by OTEPC.
“Now, educational supervisors, teachers and instructors from different educational institutions around the country have all come together. They all have a part in disseminating the Aunjai Cyber Course with the provided media to students nationwide, at schools under the Office of the Basic Education Commission (OBEC), Office of Vocational Education Commission, Office of the Private Education Commission (OPEC) and the Office of Non-Formal and Informal Education (NFE). We will continue to expand our coverage as much as possible, so that both teachers and kids have the necessary digital skills to deal with hidden cyber threats on the Internet. They will also get the maximum use out of the technology.”
Songsak Thongsri, from the Ministry of Interior, added that the Ministry was disseminating the course to schools governed by local administrative organisations: “As well as our goal of maintaining order, public safety and internal security, the Ministry of Interior is committed to making communities and local economies more resilient. This includes supporting urban development and infrastructure. One of our goals is to enable the public to spend time online happily and securely by having the necessary skills to use the Internet properly at the current time. We will support our teachers and instructors, as well as over xxx,xxx students at institutions under local administrative organisations to study the “Aunjai Cyber” course, which will be of the greatest usefulness in their lives.”
The Aunjai Cyber course has become a key element of teaching in the official system. The public can learn more and grow their digital skills for free at https://learndiaunjaicyber.ais.co.th/
Suan Sunandha Rajabhat University grants honorary certificates to professors and students
FRIDAY, SEPTEMBER 23, 2022
THE NATION
Associate Professor Dr Luedech Gridwichai (6th from the left), President of the University Council of Suan Sunandha Rajabhat University, presented the honorary certificates to the professors and students who did the benefits to the university from winning the innovation competitions in various countries.
Assistant Professor Dr Natnaporn Aeknarajindawat (5th from the left), Lecturer of the Graduate School and Consultant of Suan Sunandha Rajabhat University, Udon Thani Education Center, was a leader of the team and Associate Professor Dr Chutikarn Sriviboon (7th from the left), President of the university, attended as the witness of the ceremony.
81 per cent of consumers in Thailand now managing personal finances digitally: New Mastercard research
FRIDAY, SEPTEMBER 23, 2022
THE NATION
Benefits like speed, convenience, and flexibility contribute to the shift in how Thai consumers manage their personal finances.
Thailand – September 22, 2022 – Most Thai consumers have now gone digital when it comes to managing a range of personal financial matters, including paying bills, banking, opening new bank accounts, and financial planning. Based on the Mastercard New Payments Index 2022, 81 per cent of consumers in Thailand have used digital tools for at least one financial task in the last year, with paying bills (78 per cent), banking (75 per cent) and opening new bank accounts (64 per cent) forming the top three.
The latest data on payment habits, attitudes and preferences was published in Mastercard’s second annual New Payments Index: a global consumer survey spanning 40 markets across five regions, including seven in APAC: Australia, China, India, Japan, New Zealand, Thailand and Vietnam.
Interestingly, when it came to personal financial management, the survey found that Thai consumers were typically more enthusiastic about using digital forms of payments than the regional average. This same enthusiasm mapped to Thai consumers’ broader use of payments, with 94 per cent having used at least one digital payment method like digital wallets, QR codes, Buy Now Pay Later (BNPL), cryptocurrencies, biometrics and other forms of digital payments in the last year, compared to the APAC regional average of 88 per cent. What’s more, 80 per cent of Thai consumers increased their usage of at least one digital payment method during the same period, demonstrating momentum.
“Although digitization brings a broad array of benefits—greater access to e-commerce, more economic transparency, more security—in many ways it’s the everyday tasks where it makes a big difference. In recent years, Thai consumers have increased their usage of digital payment options, often showing high engagement with new and emerging technologies. The survey results indicate that this comfort extends beyond payments, and now includes daily personal financial management, demonstrating the pervasiveness of digital technology in their everyday lives. This change is a positive sign for the continued digitization of the economy, and will help to spur long term, sustainable growth in Thailand,” said Aileen Chew, Country Manager, Thailand and Myanmar, Mastercard.
When asked about their reasoning for using digital methods to pay bills, convenience was the top response (85 per cent), followed by the fact that it was seen as more secure/safe (61 per cent), and that it gave consumers more control over their money (56 per cent). However, concerns remain about security, indicating an opportunity for service providers to offer consumers additional education and reassurance.
Thai consumers are also among the most enthusiastic in the region about using emerging payment technologies, with digital wallets leading (63 per cent), followed by account-to-account payments (55 per cent), and QR codes (54 per cent). Notably, Thai consumers have been strong adopters of cryptocurrencies, with 25 per cent using them to pay in the last year (compared to the regional average of 13 per cent).
JobsDB advises burnouts to focus on developing in-demand skills
THURSDAY, SEPTEMBER 22, 2022
Aside from learning new skills for the right opportunity, we can avoid burnout by increasing happiness at work by identifying the source of the burnout and starting something new.
Burnout is a term that many modern workers are familiar with. Some people are experiencing it right now, while others may have already gone through it.
Burnout frequently has a negative impact on work performance, daily life, relationships with family and coworkers, and so on.
Workers who are burned out may become discouraged and lose motivation.
JobsDB, Asia’s leading job portal, encourages new generation workers to rekindle their passion for work. JobsDB educates them on burnout and provides advice on how to change their perspectives and attitudes while learning new skills, so they make the most of their time and overcome burnout.
As a result, they would be armed with new knowledge and skills for a new job opportunity.
Burnout is common for people of all ages The term “burnout” conjures up images of long-term workers’ conditions. However, burnout affects workers of all ages, from first jobbers to supervisors and senior executives. It can be caused by a variety of factors, including an inability to manage things that affect your work, such as your work schedule or assignments, a sense of not belonging at work, not sharing the same goals as the organization, not being given the opportunity to do the job you are good at, being overlooked, and the classic work-life imbalance.
These factors contribute to performance delays, mental stress, and a loss of self-confidence and trust in the organization, all of which impact your performance.
The crisis shed light on myriad hidden opportunities The pandemic has been a global crisis in recent years, causing immeasurable losses to countries worldwide. Many businesses have had to downsize or even close, while workers have been laid off and forced to look for new jobs in vain. It is not surprising that these workers are more likely than ever to give up and become burned out.
However, we couldn’t deny that the Covid-19 crisis also created new opportunities for many businesses and exponential growth in the demand for high-skilled workers.
Duangporn Promon, Managing Director of Jobs DB Recruitment (Thailand) Limited, said, “According to JobsDB Thailand Salary Report 2022 distributed on JobsDB (Thailand) platform, Computer/IT industry has been the industry with the highest number of job ads posted.
With the most job openings across all industries, Sales/Marketing was the most in-demand job function.
Several job functions in Thailand experienced salary increases as a result of the increased demand. Computer/IT, Sales & Customer service, Marketing & PR, Education and Beauty, and Health & Fitness were among them.
Various measures enacted to control the epidemic, business activity restrictions, and abrupt termination of employment caused entrepreneurs and workers to place a greater emphasis on job and financial security.
As a result, workforces worldwide are developing in-demand digital skills as they seek new opportunities in industries or job functions with high growth potential.
According to the “Decoding Digital Talent” survey of over 9,000 digital workers from various countries, including Singapore, Indonesia, Denmark, and Thailand, 63 per cent of digital workers want better job opportunities, while 49 per cent want a new challenge.
Duangporn adds, “Although the Office of the National Economic and Social Development Council (NESDC) found that the national unemployment rate is relatively low this year, it is interesting that the number of workers experiencing burnout is increasing. However, we would like workers to recognize burnout as a common occurrence. We hope they use the JobsDB survey results to look for opportunities to develop skills and qualifications for a more stable job in terms of organizational growth and future compensation.”
Developing skills and seeking inspiration to overcome burnout In an era of constant change and adaptation, struggling with burnout is not the best option.
Aside from learning new skills, we can avoid burnout by increasing happiness at work by identifying the source of the burnout and starting something new.
For example, setting a new goal, finding new inspiration and challenge, creating a positive environment, travelling to a new destination, or discovering a new hobby. This could eventually lead to a successful new career.
EXIM Thailand promotes Thai businesses in linkage with Next Normal global markets
THURSDAY, SEPTEMBER 22, 2022
In response to the Ministry of Finance’s Policy, The Bank regards Vietnam as a key business counterpart gearing up as a major manufacturing base of the future.
Arkhom Termpittayapaisith, Minister of Finance of Thailand, presided over the opening ceremony of a seminar titled “Vietnam in Focus 2022: The Dream Journey” in the presence of Nikorndej Balankura, Ambassador, Royal Thai Embassy in Hanoi, the Socialist Republic of Vietnam, and welcomed by Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), at The St. Regis Bangkok Hotel on September 22, 2022.
Minister said that global economic recovery in the post-COVID-19 Next Normal era has come with plenty of fresh business opportunities particularly in such a new frontier as Vietnam where there is high economic potential with a population of almost 100 million and an annual economic growth prospect of around 7%.
Vietnam is Thailand’s 4th largest export market, following the US, China and Japan, and its 10th largest source of import.
Thai-Vietnamese trade has recorded a frog-leap growth of almost 20% per year from 150 million US dollars in 1992 to around 20,000 million US dollars at present.
Besides, the Vietnamese government has vigorously implemented a policy on the promotion of free trade and foreign direct investment, making it a promising investment destination for foreign investors including Thai investors who rank no. 8 among top investors in Vietnam.
Thus, Thai entrepreneurs should actively expand their collaboration with Vietnamese ones whether in international trade or joint investment.
Arkhom further said that the Thai government is well positioned to promote cooperation between public and private sectors in international trade and investment as well as fiscal and financial dimensions through EXIM Thailand’s support.
EXIM Thailand seeks to perform its duties proactively toward its role as Thailand Development Bank leveraging its expertise, financial tools and alliance networks to promote Thai entrepreneurs’ access to new opportunities in global markets, transcending obstacles, and dealing with risks and challenges in international trade and investment, along with driving the development of industries of the future in the Bio-Circular-Green (BCG) economy in linkage with sustainable development regionally under the Asean and Apec’s cooperation frameworks.
EXIM Thailand President pointed out that crucial factors to Thai entrepreneurs’ competitiveness in Next Normal global markets are their resilience and adaptability.
The Bank is fully equipped to perform its duties beyond banking to assist Thai entrepreneurs of all levels from start-ups to existing entrepreneurs in continuing their businesses amid economic, social and environmental uncertainties and challenges.
A complete range of financial tools is made available in conjunction with the knowledge base and alliance networks to facilitate Thai entrepreneurs’ start-up or expansion of international trade and investment with confidence in both existing and new frontier markets. In particular, Vietnam which was formerly Thailand’s “competitor” has today become its “key business counterpart” on which Thailand has increasingly relied.
Vietnam has been Thailand’s 5th largest business counterpart since 2017, moving up from the 15th in 2012, while ranking the 4th largest investment destination of Thai investors at present, moving up from the 10th rank 10 years ago.
Rak clarified that EXIM Thailand has armed Thai entrepreneurs with the capability to comprehensively adapt to changes in and deal with risks of international business operation coupled with risk hedging tools, e.g. foreign exchange forward contract or foreign exchange option, or trade and political risk hedge tools in case of buyer’s bankruptcy, rejection of goods delivered or non-payment, or buyer country’s governmental control on money transfer, ban on import of goods, or eruption of war or riot.
EXIM Thailand will help them pay compensation and make debt collection aiming to relieve Thai entrepreneurs’ concerns about the said risks.
The Bank will also be committed to dedicating its time and resources to product and service development to fill up Vietnam’s production supply chain gaps, particularly in the industries in which Thailand has potential and for which there is high demand, such as automobile, electronics, clean energy and foods of the future.
EXIM Thailand has strived to support Thai entrepreneurs’ entry into the supply chains of Vietnam’s BCG businesses as Thai entrepreneurs’ capabilities are responsive to the Vietnamese government policy to promote renewable energy investment to cope with the surging demand for electricity in line with the country’s industrial sector development and urbanization.
EXIM Thailand has currently supported investment in Vietnam in the amount of over 17,300 million baht covering several businesses, among which are clean energy power plant business, petrochemicals, wholesaling and retailing.
Besides, to support business sectors’ reduction of greenhouse gas emissions and compliance with environmental standards in pace with green economy trends toward sustainable development, the Bank has rolled out products like EXIM Kill Bill by Biz Transformation, offering a credit line of up to 100 million baht, the lowest interest rate of 2.00% per annum and a maximum loan tenor of 7 years; and Solar Orchestra for businesses of all sizes which aspire to invest in the installation of solar rooftop systems with a maximum credit line of 100% of the project cost, the lowest interest rate of 2.75% per annum and a loan tenor of up to 7 years, together with entitlement to the registration of full-fledged carbon credit and a 3-year tax exemption privilege of 50% of the project cost from the Board of Investment (BOI).
In view of operational performance, as of the end of August 2022, EXIM Thailand recorded total outstanding loans of 67,458 million baht for international projects, a 4,271 million baht or 6.8% growth year-on-year. Classified by the principal market, the Bank has consistently supported Thai entrepreneurs in spreading their wings to cover the CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) and new frontiers.
In the first 8 months of 2022, total outstanding loans to the CLMV and new frontiers amounted to 53,815 million baht, a year-on-year growth of 7,804 million baht or 17%. Of this total outstanding loan amount, 14,960 million baht was recorded in Vietnam, constituting a 55.4% year-on-year growth.
“There are ample opportunities for Thai entrepreneurs in new frontiers, particularly Vietnam which is in alliance with various countries in political and economic dimensions and is among the top countries having inked free trade agreements (FTAs), covering more than 50 countries around the world.
Meanwhile, Thailand has a high potential to fill up the gaps in the supply chains of Vietnam and those globally. EXIM Thailand is fully ready to work collaboratively with the public and private sectors in supporting Thai entrepreneurs in their business start-ups or expansion in global markets with confidence. They may start from Vietnam and advance to markets elsewhere in the enhancement of sustainable development of the region and the world at large,” added Rak.
EXIM BANK Corporate Branding and Communication Department
Bitkub emphasizes the importance of Web3.0 and trending technology at Huawei Connect 2022 event
FRIDAY, SEPTEMBER 23, 2022
THE NATION
Bangkok, September 23, 2022 – Bitkub Blockchain Technology Co., Ltd., emphasized the importance of Web3.0 and the trending technology at Huawei Connect 2022 event.
It is an honor for Mr Passakorn Pannok, CEO of Bitkub Blockchain Technology Co., Ltd., to be a part of this event and share some useful information about the evolution of websites and trending technology.
The 7th annual flagship event for Huawei for the global ICT industry was organized in Bangkok and the theme of this year is called “Unleash Digital”. There are over 10,000 ICT industry experts and partners who join the event to demonstrate, explore and build up stronger digital technology and community.
In addition, it is an honor for Bitkub Blockchain Technology to have been invited to join this event, led by CEO, Mr Passakorn Pannok to share some useful information about Web3.0 and blockchain technology in the keynote speech. The detail of the keynote is concluded as follows:
1. The Evolution of Website – Earlier, only a few users could access Web1.0 and it is the beginning of the website era that functions as one-way communication with support from Javascript and Html. After a few years, Web2.0 has become very famous which highlights the user-generated content and interoperability of the end-users; we can communicate with each other in two-way communication. Now, it is the beginning of the Web3.0 era, with the integration of blockchain technology, we can virtually own the content and the digital asset; it enables a trustless society by getting rid of the middleman.
2. GameFi and Metaverse Concept – Mr Passakorn also emphasized the role of GameFi and Metaverse which will generate more real use-cases on Web3.0. The users can truly own the digital asset and interact with each other to create a mini digital economy within the platforms.
3. Social DAO Concept – The concept of a Decentralized Autonomous Organization (DAO) was constructed by using the source code. It is a type of bottom-up organization with no central authority. The smart contract was implemented into the structure and coded to govern the community to get rid of some human errors decision.
4. Web 3.0 and DApp on Bitkub Chain – At the present, there are several decentralized applications (DApp) on Bitkub Chain which are
4.1 Bitkub NEXT – The decentralized digital wallet on Bitkub Chain which is available for 80 countries worldwide. Currently, there are more than 1 million users already registered in the wallet.
4.2 Bitkub NFT – The primary non-fungible token (NFT) platform that uses blockchain technology for data storage and maintains transaction records and allows users to virtually own the digital assets (NFT).
4.3 Bitkub Social DAO – Allow the users to vote and participate in the activities by using blockchain technology to record the voting polls. This will add more utilities to the NFT as well.
4.4 EarnKUB – The platform on Bitkub Chain, allows the users to claim rewards as KUB Coin or other special NFTs from accomplishing the mission in both the physical and digital world such as attending events or holding NFTs.
4.5 Bitkub Metaverse – The land beyond imagination, opens for you to enjoy a new dimension of experience. It will be a place consisting of many businesses, entertainment, tourism, culture, and education. Bitkub Metaverse will utilize a state-of-art of technology like Web3 and blockchain to provide a futuristic experience.
5. The Efficiency of Bitkub Chain with the support from Huawei Cloud – Huawei Cloud is the first Web3.0 solution on Bitkub Chain. It is a service for building Web3.0 solutions, which 90% of Bitkub Chain’s infrastructure and 70% of official projects use Huawei Cloud Elastic Cloud Server (ECS) and this could reduce costs by 35%.
SootinClaimon.Com 