Thompson takes first-round lead in Naples #SootinClaimon.Com

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Thompson takes first-round lead in Naples (nationthailand.com)

Thompson takes first-round lead in Naples

Dec 18. 2020Lexi Thompson Lexi Thompson  After day one at the CME Group Tour Championship, Lexi Thompson made a statement early in her home state, closing with a 65 after eight birdies to lead the 72-player field on -7 at Tiburon Golf Club in Naples, Fla.

The 2018 champion of the LPGA Tour’s season finale got off to a hot start with five birdies through her first seven holes, and after a lone bogey on No. 9, Thompson rebounded with birdies on Nos. 12, 17 and 18 to take the solo lead heading into the second round.

“It was great just being out here. I love coming to Naples. It is definitely one of my favorite events,” said Thompson, whose 65 is her lowest 18-hole score of 2020. “It’s a lot different now just not having my whole group of family that always come this week, but we’re just happy to be playing this week and my brother and I had a lot of fun.”

Thompson has recorded four top-six finishes in six starts at this event and has averaged 2.58 strokes under par per round since 2014 at the CME Group Tour Championship. Thompson has her brother, Korn Ferry Tour player Curtis Thompson, back on the bag after he last caddied for her at the Pelican Women’s Championship presented by DEX Imaging and Konica Minolta, where she finished in a tie for 27th. Curtis also caddied two years ago in Naples, when Lexi claimed her 10th career victory.

“It’s great to have him on the bag. I always cherish every opportunity we get to spend together. But to have him out there, he’s always joking and keeping me loose,” said Thompson. “Obviously playing great helps. Always keeps a smile on the face. I just wanted to go into this week and just play relaxed golf. I’ve been stressing a lot just trying to get my game where I think it should be, but instead I just went out and tried to have fun with my brother on the bag.”

Sitting in solo second is Nanna Koerstz Madsen, who recorded one of four bogey-free rounds at Tiburon Golf Club on Thursday. Starting on the back nine, Koerstz Madsen recorded six total birdies, including five of them through Nos. 15 – 2. This is only her second appearance in the Tour Championship,

“I feel good. I was a little shaky on my driver going into the event, and putting as well actually. So now it is always nice to start off with a good round,” said Koerstz Madsen. “I don’t have any expectations. I just want to go out and play and see if I can do good mentally.”

Three players sit in a tie for third at -5: Caroline MassonMegan Khang, and defending champion Sei Young Kim. Rounding out the top-10 is six players in a tie for sixth, including 2014 champion Cristie Kerr and Rolex Rankings No. 1 Jin Young Ko, who played her way into this event through three tournaments in 2020 starting at the Pelican Women’s Championship.

THOMPSON ON TOP AT CME GROUP TOUR CHAMPIONSHIP 

The game is filled with anecdotes of players practicing in the dark, practicing after wins, practicing beyond all reason. Ben Hogan supposedly hit balls until his hands bled. Whether or not he actually did, the imagery – a lone figure on the range, one swing after another, digging the game out of the dirt – has captured the imagination of golfers for more than 70 years.  

On Thursday at the CME Group Tour Championship, Lexi Thompson casually mentioned doing the same. “I hit balls until my hands started bleeding,” Thompson said. “I had blisters and they started to bleed. I’m like, ‘Okay, maybe I should stop.’”   

Unlike the stories of Hogan, Thompson had the bandages on her fingers to prove it.  

“I’ve been working so hard on my game in general trying to improve on it, and it’s been kind of an up and down roller coaster with an unfortunate week last week,” Thompson said, referring to her missed cut at the U.S. Women’s Open in Houston. “But I’ve worked extremely hard this last week coming into this (event), so I’m very happy with how today went and how I committed to my shots.”   

The “today” she referenced was a 7-under par 65 at Tiburon at the CME Group Tour Championship, a round that included eight birdies – five in a six-hole stretch on the front nine – and one bogey. It’s early, but the Thompson who teed off in the opening round looked more like the player who ascended to No.2 in the Rolex Rankings in 2017 and was one short, missed putt on this golf course away from ascending to No. 1 than she has throughout 2020.  Since that moment in 2017, Thompson has been up and down, hot and cold. She won the CME Group Tour Championship in 2018 and the ShopRite Classic in 2019 but also fell to 11th in the Rolex World Rankings and entered the week with only two top-10 finishes this season.  

To read more of Steve Eubanks’ column on LPGA.com, click here: https://www.lpga.com/news/2020/thompson-on-top-at-cme-group-tour-championship-after-round-1

SEI YOUNG KIM RISING ABOVE PRESSURE AS DEFENDING CHAMPION AFTER DAY ONE

For a moment on No. 18 at Tiburon Golf Club, those watching off the green were reminded of 2019 as defending champion Sei Young Kim nearly drained another long putt from just off the back left fringe, similar to her 25-foot putt on the 72nd hole last year. Kim said she also felt nostalgic throughout her first round, which propelled her to a 5-under 67 to sit in a tie for third at the CME Group Tour Championship.

“It feels very good [to be defending],” said Kim, who played alongside fellow Rolex Player of the Year Award contenders Inbee Park and Danielle Kang. “Because I play with Inbee and Danielle, and those are really good player and then, yeah, then we play in the warm weather and it feels really good. [Last year’s] final round I made a long putt last hole, so when I was walking down hole 18, I was reminded of that memory. I was like, ‘Oh, it’s already one year ago.’ Feels like time goes by so fast.”

Since her victory, which also awarded her the largest winner’s check in women’s golf history of $1.5 million, the 27-year-old has won twice in the 2020 season, including her maiden major championship victory at the KPMG Women’s PGA Championship. With one more opportunity to win, Kim said she’s far from resting on her laurels and even though last year’s memories are great, it is a new year with new possibilities in December.

“I think pretty similar,” said Kim of this year’s course conditions. “Greens are softer. I think last night we got a little bit of rain, the greens so feel like little softer than yesterday. But, yeah, everything very similar.”

CIGANDA GRATEFUL FOR PLAYING IN NAPLES AFTER ELBOW INJURY

After playing at the Drive On Championship – Reynolds Lake Oconee, Carlota Ciganda ventured home to Spain before competing on the Ladies European Tour. Playing wall tennis with her boyfriend, Ciganda said she twisted her ankle and landed on her elbow, breaking a bone. The injury took at least four weeks to heal, before returning to the LPGA Tour at the U.S. Women’s Open. Despite a missed cut in Houston, Ciganda is grateful to be competing at the CME Group Tour Championship.

“To be honest, I’m just happy to be here,” said Ciganda, who recorded a first-round 68 to sit in a tie for sixth heading into Friday. “I did three weeks of rehab, lots of treatment and lots of exercises. You do anything to play golf, so I’m just happy to be here competing and playing this week.”

Ciganda is playing in her eighth CME Group Tour Championship, a tournament where she’s recorded two top-10 finishes including a runner-up performance in 2014. Closing out the year still playing in December is a different experience for the 30-year-old, but Ciganda said she likes what Tiburon Golf Club brings out in her game.

“I think the course is playing a little softer, so I think it’s playing longer off the tee. But then you can be pretty aggressive to the pins, which is nice. But I think the score will be similar. Maybe couple shots lower. Depends on the wind and the pin positions next few days,” said Ciganda, who carded five birdies in her first 10 holes. “I like how it’s playing. You can be pretty aggressive, and that’s always fun.”

KERR PERSEVERING THROUGH AT CME GROUP TOUR CHAMPIONSHIP

Cristie Kerr has been battling three dislocated ribs after an unfortunate golf cart accident before the start of Volunteers of America Classic two weeks ago and persevered through the pain at the U.S. Women’s Open to finish in a tie for 23rd in Houston. Now in her eighth CME Group Tour Championship, the 2015 champion recorded a bogey-free 68 to sit in a tie for sixth after the first round in Naples, Fla.

“I feel a little bit better today, but I just thought it was really important to get through last week. There were points where I didn’t think that I was going to be able to, but I guess when they say there is a will there is a way,” said Kerr, who didn’t practice Tuesday upon getting to Tiburon Golf Club. “I think that day of rest really helped me, because as I played more in the pro-am, it hurt more, and so I kind of pulled out with five holes to go because I knew I had to save myself. I’ve been down this road before, and I know when you push it, if you have the opportunity to rest, you have to rest with this kind of injury. So feeling the way I did today, definitely was the right decision.”

An experienced Kerr, in her 24th LPGA Tour season, said despite the challenges, she knows what it takes to win. Being complacent due to poor health is not an excuse, says the 43-year-old.

“I need to hit it a little bit better. I know I scored well today,” said Kerr. “I got up and down a lot, chipped in for par once. But I need to hit it better and keep putting and chipping the way that I’m doing.”

Thai auto production soars for first time in 19 months #SootinClaimon.Com

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Thai auto production soars for first time in 19 months (nationthailand.com)

Thai auto production soars for first time in 19 months

Dec 18. 2020

By The Nation

Thai automotive production last month rose to 172,455 units, up 11.92 per cent year on year and up 15.46 per cent from October, the Federation of Thai Industries (FTI) said on Thursday.

The first rise in the past 19 months comes after a trade war broke out in 2019 and Covid-19 spread across the globe early this year.

Demand is rising as lockdown restrictions ease in many countries, pushing up car sales. 

Cars produced for export rose 4.25 per cent year on year to 75,014, representing 43.5 per cent of total car production in November. Between January and November, car production for export plummeted by 33 per cent year on year to 649,893 units, representing 50.62 per cent of total production.

Cars produced for the domestic market in November jumped 18.64 per cent year on year to 97,441units, representing 56.50 per cent of total production.

However, January-November car production for the domestic market dropped by 30.24 per cent year on year to 634,070 units, representing 49.38 per cent of total production.

Meanwhile car sales in Thailand last month rose 2.7 per cent year on year to 79,177 units. The 6.83 per cent increase from October’s sales was also the first rise in 19 months. 

Supporting the increase were sales of light-trucks, which rose for the third consecutive month.

The rise in car sales indicates economic recovery driven by government stimulus measures and car producers offering attractive packages for buyers, said the FTI.

Long-stay visas proposed for foreigners who buy Bt3m condos #SootinClaimon.Com

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Long-stay visas proposed for foreigners who buy Bt3m condos (nationthailand.com)

Long-stay visas proposed for foreigners who buy Bt3m condos

Dec 18. 2020

By The Nation

Thai residency visas for foreigners who invest as little as Bt3 million in property is among five proposals being considered by the Finance Ministry.

The proposals were put forward by Thai real estate associations in a bid to lift a property sector slumping under the impact of Covid-19.

The Housing Business Association, Thai Real Estate Association and Thai Condominium Association (TCA) sent the proposals to Finance Minister Arkhom Termpittayapaisith on December 9, TCA deputy chairman Chairat Thampeera revealed on Thursday.

Under current rules, foreigners must spend at least Bt10 million on property to be eligible for a residency visa.

However, under the proposed three-tier visa system, foreign purchasers of condos worth Bt3 million-Bt5 million would get a five-year visa.

Meanwhile buyers of Bt5 million-Bt10 million condos would get 10-year visas, and those who bought condos for more than Bt10 million would be granted permanent residency.

The other four proposals are targeted at Thai property buyers.

The first is to cut ownership-transfer and mortgage fees to the lowest rate until December 31, 2021 to reduce the cost of buying both new homes and second-hand houses.

The second is to relax government loan-to-value (LTV) mortgage enforcement to provide opportunities for people with purchasing power to invest in property. The real estate associations say home-loan providers already have strict LTV rules.

The third is to extend the land-and-buildings tax cut for another two years until the end of 2022 to help relieve ownership burdens.

The fourth is a cash-back campaign and credit increase from Bt50,000 to Bt100,000 per person until the end of 2021 to encourage first-time buyers to make their purchases.

India pledges vaccine support to Bangladesh #SootinClaimon.Com

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India pledges vaccine support to Bangladesh (nationthailand.com)

India pledges vaccine support to Bangladesh

Dec 18. 2020

By Porimol Palma
The Daily Star/ANN

Timely, effective delivery when ready; connectivity, resolving water sharing, border killing discussed

India promised to promptly and effectively deliver to Bangladesh the Covid-19 vaccines it is producing as Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi held a virtual summit yesterday.

The two PMs also expressed their interest in expanding the already-strong bilateral and regional economic cooperation by improving connectivity while resolving existing issues, including water sharing and management and bringing down border killings to zero.

Stating that Bangladesh is a significant pillar of India’s “Neighbourhood First” policy, Modi said pharmaceutical companies on both sides have already arranged plans for supply of vaccines. The prospect of cooperation in production will also be explored, he added.

The Bangladesh government and a local pharmaceutical company have already signed an agreement with Serum Institute of India for Covid-19 vaccines.

“Whenever vaccine is produced, India will give us three crore vaccines,” said Foreign Minister AK Abdul Momen at a press conference at State Guesthouse Padma after the PM-level summit, which lasted for an hour and 15 minutes.

The vaccines will be purchased at a “friendship price”, he said.

In a separate press conference, Indian High Commissioner Vikram Doraiswami said India is working quietly and strategically on best practices, supply chain and management of the vaccine not only with Bangladesh, but also with Nepal, Bhutan, the Maldives and Mauritius.

“We will be very willing if the Bangladesh side wants us to help improve facilities and also facilitate co-production here,” he said.

The summit was held at a historical time as the countries are in their 50th year of diplomatic relationships. Bangladesh is also celebrating the birth centenary of Bangabandhu Sheikh Mujibur Rahman and preparing to celebrate its 50th independence anniversary next year.

Sheikh Hasina said India is a true friend of Bangladesh and expressed her gratitude to the country and the Indian Army for their support during the 1971 Liberation War.

The two premiers inaugurated a postal stamp of Bangabandhu and the Bangabandhu-Bapu digital exhibition. They also inaugurated the Holdibari-Chilahati rail link, which remained unused since the India-Pakistan war in 1965, and inaugurated two community development projects.

They also signed seven MoUs and adapted a 39-point joint statement following the meeting.

Both countries will also organise commemorative activities next year, including a biographical film on Bangabandhu by acclaimed director Shyam Benegal, to be shot in Bangladesh and India early next year.

TEESTA AND OTHER RIVERS

According to the joint statement, Hasina sought early signing of the interim agreement for sharing of the Teesta waters, as agreed upon by both governments in 2011.

In response, Modi reiterated India’s sincere commitment and continued efforts in that regard.

Indian High Commissioner Doraiswami said he could not give any specific timeframe for signing of the deal, but was working on it.

However, he said that a joint technical committee is working on water sharing of six other rivers — Manu, Muhuri, Khowai, Gumti, Dharla and Dudhkumar. The committee would meet before the Joint Rivers Commission at the soonest possible time.

Dhaka requested Delhi to allow excavation work on the remaining portion of the Rahimpur Khal for utilisation of the water of Kushiyara river for irrigation.

Both countries agreed to carry out necessary work to convert the international boundary along the Kuhsiyara river into a fixed boundary.

Bangladesh reiterated its request for 1.3km of “Innocent Passage” along the Padma river near Rajshahi. The Indian side assured that they would consider the request.

Momen said Bangladesh also requested the early demarcation of Muhuri, Ichhamoti, Kalindi, Raimangal and Hariabhanga rivers.

He said both sides agreed to hold an early meeting of the Joint Boundary Conference to prepare a new set of strip maps along the stretch of the rivers. The joint statement, however, omitted the river Muhuri.

BORDER KILLINGS

Bangladesh expressed concern over the loss of civilian lives at the India-Bangladesh border. India shared the concern and directed border forces concerned to enhance coordination measures to work towards bringing such border incidents to zero.

Doraiswami said Modi gave clear instructions to the Border Security Force (BSF) that lethal force is to be used only as the last resort. PM Hasina also acknowledged that Indians are also killed and injured in such incidents.

“We don’t want any black spots in our relationship,” Foreign Minister Momen said, adding that some criminal activities also take place at the borders where some illegal traders from Bangladesh are also to blame.

Both sides agreed to facilitate the completion of border fencing at all pending sectors as soon as possible, beginning with the Tripura-Bangladesh sector.

TRADE, ECONOMY, CONNECTIVITY

Both countries expressed their commitment to strengthening bilateral and regional cooperation on trade and connectivity, emphasising on removing non-tariff barriers so that both countries can take full advantage of the South Asian Free Trade Area (SAFTA) flexibility.

Momen said Dhaka requested Delhi to remove anti-dumping/anti-circumvention duties on export of jute products from Bangladesh. Delhi expected a quick resolution.

Bangladesh requested India to convey in advance any amendments to India’s export policy of essential commodities to Bangladesh. The Indian side took note of this request.

Momen said the issue was significant as Bangladesh had to face trouble after India this year restricted onion exports without prior information.

Both prime ministers directed officials to expeditiously conclude the ongoing joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement as Bangladesh graduates from the LDC list in four years.

The two leaders welcomed the signing of the second addendum to the Protocol on Inland Water Transit and Trade (PIWTT), trial run of trans-shipment of Indian goods from Kolkata to Agartala via Chattogram and the operationalisation of the Sonamura-Daudkandi Protocol route, and sought speedy operationalisation of trans-shipment of Indian goods through Chattogram and Mongla Ports.

Doraiswami said Bangladesh can also use the Indian ports for third-country export.

Bangladesh sought quick operationalisation of BBIN (Bangladesh, Bhutan, India, Nepal) Motor Vehicle Agreement through signing of protocols among India, Bangladesh and Nepal to commence movement of goods and passengers, with provisions for Bhutan to join at a later date.

Hasina sought to join the ongoing India Myanmar Thailand trilateral highway project to enhance connectivity between the regions of south and south-east Asia.

The Indian side requested Bangladesh to allow connectivity from West Bengal (Hilli) to Meghalaya (Mahendraganj) via Bangladesh.

Hasina proposed that Bangladeshi trucks avail the Feni Bridge, once completed, for transportation of goods from Chattogram port to north-eastern India.

Modi invited Bangladesh to join the New Development Bank of the BRICS (Brazil, Russia, India, China and South Africa). Hasina expressed willingness to join it considering concessionary loans for infrastructure projects.

In response to Bangladesh’s request for India’s assistance in quick Rohingya repatriation, India said they agree that the solution to the crisis lies in sustainable repatriation.

Indian High Commissioner Dowaiswami said India, alongside Japan, is investing for development in Rakhine for creating a conducive environment for repatriation.

More Singapore workers to be recruited for solar industry #SootinClaimon.Com

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More Singapore workers to be recruited for solar industry (nationthailand.com)

More Singapore workers to be recruited for solar industry

Dec 18. 2020NTUC's Secretary-General Ng Chee Meng (centre) observes workers as they install a solar panel during the Career Development Plan for the Solar Industry event on Dec 17, 2020. ST PHOTO: CHONG JUN LIANGNTUC’s Secretary-General Ng Chee Meng (centre) observes workers as they install a solar panel during the Career Development Plan for the Solar Industry event on Dec 17, 2020. ST PHOTO: CHONG JUN LIANG 

By Liew Ai Xin
The Straits Times/ANN

SINGAPORE – A solar industry recruitment drive on Thursday (Dec 17) saw more than 200 residents sign up for jobs, with agencies here announcing plans to build skills and experience for Singaporeans to manage solar projects in its entire cycle, from installation to maintenance.

This is to meet the Republic’s growing renewable energy needs as it strives to achieve 2 gigawatt-peak (GWP) by 2030, almost five times the current solar usage.

Between 3,000 and 4,000 jobs will be created in the solar industry in the next two to three years, said Mr Gilbert Tan, chief executive of the labour movement’s Employment and Employability Institute (e2i) and assistant director-general of the National Trades Union Congress.

To build up the skilled workforce for the industry, e2i and the Sustainable Energy Association of Singapore (SEAS) signed two memoranda of understanding (MOU) with nine solar companies and two training providers.

NTUC secretary-general Ng Chee Meng witnessed the signing.

The agreements are aimed at tackling manpower challenges and to build up the skills, training and job prospects for the solar industry.

The MOUs also see a career plan developed for solar technologists, to ensure well-defined progression in skills, job role, wages and productivity for the industry.

Of 430 available jobs at the recruitment drive held at the Singapore Sustainability Academy in City Square Mall, 405 vacancies were for solar technologists.

A solar technologist, who would have a diploma, Nitec or Higher Nitec qualification, will be involved in installing and maintaining solar photo-voltaic (PV) systems.

With a diploma or a degree with relevant experience, a senior solar technologist will progress to designing PV systems and performing data analysis.

A principal solar technologist will have the responsibility of assessing the feasibility of PV installations, as well as plan, execute and manage projects.

They would have at least eight years of relevant experience, regardless of whether they have a diploma, degree or higher Nitec qualifications.

Mr Frank Phuan, CEO and co-founder of local solar energy firm Sunseap Group, a signatory of the MOU, said the solar industry has been heavily reliant on foreign workers under the construction sector to install solar panels.

However, that means that their job is transient in nature, added Mr Phuan, who is also vice chairman of SEAS.

“They (the workers) will leave somehow, someday. So there’s hardly any career development we can talk about,” he added.

Mr Steven Lau was among those who signed up for a job at the recruitment drive.

The 33-year old, who currently works part-time in a logistics company, has a degree in electrical and electronics engineering from Nanyang Technological University (NTU).

He said the solar industry was what he pictured himself being involved in when he graduated four years ago.

“I hope to secure a role (as a solar technologist) by the end of the year, although time is tight.”

Tokyo raises alert for medical system to highest level #SootinClaimon.Com

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Tokyo raises alert for medical system to highest level (nationthailand.com)

Tokyo raises alert for medical system to highest level

Dec 18. 2020

By The Japan News/ANN

The Tokyo metropolitan government raised the alert for the city’s medical system to the highest of four possible levels on Thursday due to the spread of the novel coronavirus, marking the first time it has done so since the current evaluation system was introduced in July.

The decision was made at a monitoring meeting with experts held on Thursday afternoon. It came as the city set a new daily record for newly confirmed cases, with Tokyo logging 822 cases Thursday, a significant increase over the previous record of 678 set the day before.

In keeping with the higher alert level, the metropolitan government will increase the number of hospital beds reserved for coronavirus patients to 4,000 from the current 3,000, including an increase of 50 beds for severely ill patients.

The number of hospitalized patients exceeded 2,000 for the first time on Monday. On Tuesday, the number of seriously ill people jumped to 78, the highest level since the state of emergency was lifted in May.

By Dec. 10, the metropolitan government had asked medical institutions to set up more beds. As a result, the number of beds for the severely ill has increased from 150 to 200 and the figure for the mildly and moderately ill has jumped from 2,640 to 3,000.

The number of infected has remained high since then, and the government decided that it was necessary to further strengthen the medical system. The government therefore asked medical institutions in Tokyo to further increase the number of beds, including those for the severely ill.

The alert level regarding the status of infections in Tokyo has remained at the highest level on a four-rank scale since Nov. 19.

S. Korea, France vow to support multilateralism to overcome pandemic fallout #SootinClaimon.Com

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S. Korea, France vow to support multilateralism to overcome pandemic fallout (nationthailand.com)

S. Korea, France vow to support multilateralism to overcome pandemic fallout

Dec 18. 2020South Korea's exports (Yonhap)South Korea’s exports (Yonhap) 

By The Korea Herald/ANN

South Korea and France on Friday agreed to continue to support multilateralism over protectionism to overcome the economic fallout from the virus pandemic, and to expand cooperation in various areas from vaccines to green cars.

“This year, the two countries have worked deeply together in multilateral frameworks, such as the Group of 20 and the OECD, to promote the travel of products, services and workforces despite the COVID-19 pandemic,” Trade Minister Yoo Myung-hee said during her meeting with her French counterpart, Franck Riester, in Seoul.

The two trade chiefs acknowledged that the COVID-19 pandemic has sparked protectionism in global trade, with the escalating tension between the United States and China still being a threat.

“We also hope that the on-going joint project in developing COVID-19 treatments makes progress soon,” Yoo added, expressing hope that the two countries can join hands in supplying vaccines as well.

South Korean and Senegalese branches of the Institut Pasteur have been working together since March to develop cures for COVID-19, under cooperation with France.

The two countries discussed ways to revitalize virus-hit economies through digital and green industries as well.

South Korea also requested that France expand its support on building infrastructure for eco-friendly automobiles, such as charging stations, pointing out the industry has been growing at a fast pace. (Yonhap)

HK$6.4b in fresh aid for HK businesses hit hard by virus curbs #SootinClaimon.Com

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HK$6.4b in fresh aid for HK businesses hit hard by virus curbs (nationthailand.com)

HK$6.4b in fresh aid for HK businesses hit hard by virus curbs

Dec 18. 2020Acting Chief Executive Matthew Cheung Kin-chung meets the press ahead of the weekly Executive Council meeting at the Central Government Offices, Hong Kong, Nov 10, 2020. (PARKER ZHENG/CHINA DAILY)Acting Chief Executive Matthew Cheung Kin-chung meets the press ahead of the weekly Executive Council meeting at the Central Government Offices, Hong Kong, Nov 10, 2020. (PARKER ZHENG/CHINA DAILY) 

By ​Wang Zhan
China Daily/ANN

HONG KONG – The Hong Kong government will roll out a fresh tranche of financial aid worth HK$6.4 billion (US$826 million) for businesses heavily impacted by the government’s COVID-19 curbs.  

The government’s proposal will be deliberated during a special meeting of the Legislative Council’s Finance Committee next Monday, Chief Secretary Matthew Cheung Kin-chung said at a press conference on Thursday evening.

HK$5.5 billion will go toward implementing 19 measures to bail out affected sectors, particularly leisure venues forced to close because of the government’s precautionary measures as well as similarly affected restaurants that have been prohibited from providing dine-in service after 6 pm. The rest of HK$900 million will be set aside for emergency use.

Cheung said the latest round of aid is about double that of the previous round, and emphasized a balance should be struck between helping affected industries and maintaining a prudent spending policy.

“We are facing a very difficult, tough fiscal position that we’ve got to be prudent but at the same time we’ve got to be compassionate, responsive and strike the right balance. I think we’ve got the right balance struck here by this package,” Cheung said.

Previously, three rounds of anti-pandemic subsidies totaling more than HK$300 billion had been disbursed by the HK government. The government had earlier cited a deficit pressure on the treasury as a reason to not adopt new relief measures but eventually changed its stance as the pain of the ongoing fourth wave deepened.

Prima Marine expands its fleet of ships to prepare for growth #SootinClaimon.Com

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Prima Marine expands its fleet of ships to prepare for growth (nationthailand.com)

Prima Marine expands its fleet of ships to prepare for growth

CorporateDec 18. 2020Chief financial officer Viritphol ChuraisinChief financial officer Viritphol Churaisin 

By The Nation

Prima Marine will add two large and three small vessels into its fleet of 40 vessels next year, chief financial officer Viritphol Churaisin said.

The company has set its growth target for 2021 at between 10 and 15 per cent. It expects its revenue for 2020 to stand at between 12 and 15 per cent.

Prima Marine posted a net profit of Bt456.3 million in the third quarter, up by 58.1 per cent year on year. Its net profit in the first nine months of the year was Bt1.24 billion, up by 49.2 per cent year on year.

PTT pledges job creation in 2021 to revive Thai economy #SootinClaimon.Com

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PTT pledges job creation in 2021 to revive Thai economy (nationthailand.com)

PTT pledges job creation in 2021 to revive Thai economy

CorporateDec 18. 2020

By THE NATION

PTT will continue its efforts to provide jobs to new graduates and to those who have become unemployed due to the Covid-19 situation, said Auttapol Rerkpiboon, president and chief executive officer of PTT Plc.

Speaking during the event “Dinner Talk: Restart Thailand 2021” held by Thansettakij and Krungthep Turakij newspapers on Thursday evening, he said, “Last year PTT donated Bt851 million to those who have been impacted by the virus outbreak, while next year we estimate that the ‘Restart Thailand’ campaign will create over 25,000 jobs for the unemployed, about 2,600 of which will be jobs for new graduates.

“PTT believes that the government’s Bt400-billion budget earmarked for economic stimulus campaigns should be directed to creating jobs as top priority, which will be truly beneficial to the country’s economy.

“Besides creating jobs, PTT has also provided up to Bt5,000 in handouts to its employees for domestic travel, which will help restart the tourism industry that has been down for almost a year due to the outbreak,” he added.

“Next year, PTT will invest Bt244 billion in several projects to strengthen the country’s energy stability, such as the clean fuel project, the construction of the 7th gas separation plant, the LNG receiving terminal project, and the third phase of the Map Ta Phut project,” he said.

“This will be a start of our five-year investment plan [2021-25] that involves a total investment budget of Bt815 billion.”

Auttpol added that PTT also would look into investing in other new S Curve industries such as pharmaceutical, logistics, electric vehicles and drones.