New transport app Bolt promises cheaper rides in Chiang Mai
Dec 21. 2020
By The Nation
Bolt, an on-demand transportation platform in Europe and Africa, on Monday announced its pilot service in Chiang Mai, with more than 500 drivers ready to start accepting rides.
Bolt enters Chiang Mai on the heels of its debut in Bangkok earlier this year.
“At Bolt, we’re on a mission to make urban transport more affordable and convenient,” said the firm’s regional manager, Ireoluwa Obatoki. “We’ve seen an amazing success of Bolt app in Bangkok, where people have completed thousands of rides on our platform since our launch in July. We are now excited to bring equally affordable rides and great driver earnings to Chiang Mai”.
The firm describes Bolt as a free mobile app that allows passengers to request a driver, collect them wherever they are and take them where they want to go in a quick, reliable and affordable way. Drivers registered to the platform can earn money by accepting rides through the application.
Bolt in Chiang Mai said it will charge drivers no commission for using the platform for the first six months, and offers fares 20 per cent lower than other competitors on the market.
The free Bolt app can be downloaded from the Apple App Store or Google Play Store. Drivers with their own car can join Bolt platform by registering at partners.bolt.eu/driver-signup or through the Bolt Driver app.
Bolt has more than 50 million users in over 40 countries across Europe and Africa. Its services range from ride-hailing to micromobility with e-scooters and electric bikes to food and package delivery.
GSB wins three top honours at Money & Banking Awards 2020
Dec 18. 2020
By The Nation
The Government Savings Bank (GSB) won Best Retail Bank of the Year for the fifth consecutive year at the Money & Banking Awards 2020.
GSB also won Money & Banking Awards for Best Service Provider – Deposit 2020, and Best Booth.
GSB president Vitai Ratanakorn and vice president Isara Wongrung received the three honours from Santiviriya Rangsarit, editor-in-chief of the Money and Banking Journal, at the Money & Banking Awards ceremony attended by GSB executives and employees at the Bangkok International Trade and Exhibition Centre (Bitec).
This year, the GSB booth’s layout reflects its status as the “social bank” that plays an important social role by giving Thai people access to funding sources to raise their income levels, improve quality of life and strengthen the economy’s foundations.
AmCham Thailand, Aetna Health Insurance donate computers to Nonthaburi schools
Dec 18. 2020
By The Nation
The American Chamber of Commerce in Thailand Foundation (ATF) along with member company Aetna Health Insurance donated 109 sets of computers to 30 schools in Nonthaburi on December 14.
“AmCham member companies continue to invest in sustainable development of Thailand, and education is a top priority for these companies,” said Sarawan Dever, deputy director of AmCham Thailand.
AmCham members provide funding to improve the quality of education, skills training for students and teachers, and access to infrastructure to give these students an opportunity to fulfil their potential and better their lives, said the foundation. Many of ATF’s students have been employed by AmCham’s member companies. Since 1982 AmCham has supported almost 900 state primary schools throughout Thailand. In addition, ATF has provided more than 3,000 university scholarships since 1976, according to the foundation.
Meanwhile Aetna Health Insurance invests in CSR activities that focus on health and safety of local communities across Thailand and globally. By providing access to better education, health and safety, Aetna aims to support community well-being and development.
At the Nonthaburi Education Area District Office 2 to hand over the computers with Sarawan were Aetna Health Insurance managing director Damian J Delaney and director of marketing and product development, Kunthaphatt Nutapotipan. Receiving the donation was Nonthaburi Primary Educational Service Area Office 2 director, Orawan Saengsuwan, and deputy director Dujdao Tobangpa.
“The schools were grateful for the donation since they do not have the budget to purchase the required computers,” Orawan said.
The event was also attended by teachers and students from recipient schools.
Great Wall Motors showcases new business model to transform Thai automotive industry
Dec 18. 2020
By The Nation
China’s Great Wall Motors (GWM) hosted the GWM Partner Forum last week, inviting investors and businesspeople from the automotive and other industries to learn more about the new strategies and policies of GWM’s New Business Model. The event was held on December 9-11 and received strong feedback from participants. The forum reinforced GWM’s commitment to supporting Thai businesses and driving the Thai automotive industry forward.
Great Wall Motors said it has continued to grow its business in Thailand under its globalisation strategy. The company had shared its new business model, attracting leading investors and business leaders in Thailand. This had also offered opportunities for GWM to listen to Thai businesses’ feedback and exchanges ideas and opinions on designing the most effective business plans and models to better serve the needs of firms and consumers. Steven Wang, MGW Thailand’s vice president for Sales and Marketing in Thailand and Asean, launched the three-day forum, which was joined by more than 324 potential investors, dealers, and entrepreneurs from at least 195 companies across Thailand.
Said Narong Sritalayon, managing director of GMW Thailand: “Selecting partners that have the same visions and commitment as GWM is one of the vital strategies to drive GWM’s business successfully in the future. We are delighted and grateful to all investors and businesspeople who joined this event and we hope to have the opportunities to work with these leading talents in the future. Together, we aim to drive this new business model to deliver the best-in-class experiences to Thai consumers. Great Wall Motors is ready to provide full support in upskilling workforces as well as setting up work systems to ensure the most effective business operations. We hope GWM’s New Business Model will help transform the automotive industry. The model offers new consumer experiences through innovative technologies. Though it is different from current business practices, we are confident that with GWM’s determination to offer the best to consumers and relieve their difficulties, along with the company’s consumer and partner-centric strategies, automotive expertise, and the experience in Thai business of our potential partners, that we can deliver impressive services to best meet the needs of consumers in this digital era at every touchpoint – including car selection, test drives, sales and after sales services.”
Great Wall Motors has now expanded to 60 countries globally. Thailand is a strategic hub for GWM vehicle production, exports and business expansion in the Asean region. As a “Global Mobility Technology Company”, GWM said it is not only committed to delivering the best autos and technologies to consumers, but also focused on upskilling workforces and businesses as well as driving the overall economy of each country to grow the business sustainably together.
DBS Denla School extends generosity in the Christmas spirit
Dec 18. 2020
By THE NATION
The Nonthaburi-based DBS Denla British School has brought British traditions to Thailand by holding a special tree-lighting ceremony and Christmas fair, as well as donating all funds raised in the raffle to charities.
The DBS community, comprising students, teachers, parents and staff, got together on December 11 to light the school’s Christmas tree. The event also featured a Christmas play and a performances by the DBS orchestra and choir. Principal Mark McVeigh could also be heard singing “We Wish You a Merry Christmas”.
Festivities returned to the campus on December 15 with the DBS Christmas Fair, which has been expanded this year to include rides and food trucks, in addition to musical performances by students and raffles. The raffle is a traditional way of raising money for charity in Britain, where numbered tickets are sold and then numbers drawn at random for prizes.
DBS has said it will donate all earnings to charities in Nonthaburi, namely Rainbow House for children with disabilities in Pak Kret, Wat Singthong School and the Aomgred Community Hospital.
Online trading is a trendy occupation in Thailand. You can work from home, or anywhere you want. You are your own boss: only you decide when and how to work, and what targets to set. Trading in the largest financial market sounds fancy, but it is more accessible than one may think.
The Core Principles
Traders use software to connect to the markets. The biggest one is foreign exchange. Unlike the stock exchange, it has no physical centre — all operations take place online. The daily turnover is a whopping 6+ trillion US dollars.
In the past, only large institutions like banks and hedge funds were allowed to participate in Forex trading. Today, we are blessed with state-of-the-art technology. Trading is possible for any individual with internet access and a brokerage account.
The main principles of currency trading apply to other realms — e.g., stocks or derivatives. A trader’s goal is to buy low and sell high, and their profit is the difference between these two prices. In Forex, one may benefit from rises and falls.
How Forex Works
All currencies are traded in pairs, as they are valued against one another. Travellers need to exchange currencies all the time. Traders, however, do not need to visit an exchange office — they work using the software.
A currency combo may be classified as Major, Minor, or Exotic based on the economies it represents. Both Majors (e.g., EUR/USD) and Minors (e.g., AUD/CAD) are connected to robust world economies. Exotics, on the other hand, are linked to emerging and less stable systems (e.g., USD/ZAR).
If a currency (e.g., the Euro) is expected to grow, you can buy euros today and sell them after the price surges. If you have euros, and their value is likely to decline, you can sell what you have. Later, you can buy more euros back once they become cheaper. Traders buy instruments which they think will gain value, and short the ones they expect to fall.
Forecasting Trends
Traders buy and sell their instruments when they see fit. How do they know when the best moment comes? There are two ways to approach forex analysis: technical and fundamental.
The first method is built around price charts with different timeframes. Traders look at price movements in the past to see patterns which can recur. For example, if they see a hammer on the candlestick chart, they conclude that the market is going to rise. Platforms from ForexTime have dozens of indicators and timeframes.
Fundamentals are factors like fiscal policies, changes in interest rates, geopolitical tensions, or oil prices. Traders monitor financial news to make predictions. For instance, when the central bank raises the interest rate, more foreign capital flows into the country, and its currency becomes more expensive.
All this may seem daunting if you have little knowledge of finance. Fortunately, trading software is packed with tools for technical and fundamental methods. There are live quotes, news updates, economic calendars, and a plethora of charts and indicators.
How to Learn
Would you like to master the art of trading? First, choose a regulated broker with licences from reputable organizations like the FCA or the CySEC. Next, open a demo account — it is free and quick. This account unlocks the training mode of trading terminals (e.g., MetaTrader 4 or MetaTrader5). Practise at your own pace: explore the analysis features, trading instruments and risk management tools.
The same platform may give access to different markets, depending on your account; you may trade currencies, stocks, and CFDs through the same system. Different markets and styles require a different investment of time and money. Forex is a full-time job for day traders, while swing traders feel comfortable making a few moves throughout the week.
Other Opportunities
Stocks allow you to profit from the performance of the largest corporations, like Apple or Facebook. Unlike investors, traders do not hold on to their instruments for long periods — instead, they buy and sell frequently to capitalize on price changes.
Popular derivatives are CFDs (Contracts for Difference). CFDs are linked to underlying assets which their holders do not own. One may easily speculate on prices for crude oil, natural gas, stocks, indices, and even cryptocurrencies. No physical barrels of oil or crypto coins change hands.
Word of Caution
Education is free, so anyone can learn to trade. However, not every trader succeeds. Consistent profit requires a solid strategy, emotional control, and rigorous risk management. The market, be it Forex or stock exchange, is beyond any individual’s control. That is why demo accounts are essential. Fortunately, there are many effective techniques you can implement.
AIA launches global investment innovation for high net worth customers
Dec 18. 2020
By The Nation
AIA Thailand has launched AIA Infinite Wealth Prestige, targeting high net worth customers with a unique innovation of life insurance and investment under global management experts.
The market’s leading wealth manager for high net worth individuals, AIA says the new service allows customers to access global investment for better returns towards family legacy and retirement plans, and enjoy privileges from AIA Prestige Club.
“AIA is the first insurance company in Thailand offering unit linked products to the market since 2009. Over 11 years, unit linked has seen increasing interest from Thais,” said AIAI Thailand’s chief agency officer, Kris Chantanotoke.
AIA Infinite Wealth Prestige offers customers access to global investment under AIA Investment Management (Thailand) together with three global fund managers: Baillie Gifford, BlackRock and Wellington Management.
It offers two plans – family legacy or retirement.
Its three funds are AIA Global Aggressive Allocation Fund (high risk), AIA Global Moderate Allocation Fund (medium risk) and AIA Global Conventional Allocation Fund (low risk).
Life coverage starts from Bt15 million, with premium payment selections of 5, 10, 15 and 20 years. Discounts of 20 and 30 per cent are offered to applicants who meet acceptable health standards and preferred health, respectively.
The insured will receive a retirement bonus of 0.25 per cent per year of the Regular Protection Premium account value.
“DOW” partners with Japanese expert “Toyokoh” to launch the first eco-friendly sprayed insulation for roof in Thailand
Dec 17. 2020
Bangkok – 14 December 2020 – Dow Thailand Group (Dow), a global leader in materials science, partners with Japanese roofing expert company, “Toyokoh”, to launch “Sosei”, an innovative environmental-friendly roof insulation system that is designed to withstand the humid climate in Thailand and ASEAN region. The product is catered towards factories, hospitals, and schools that aim to preserve energy in their buildings without harming the environment.
The innovative “Sosei” roof is a three-layer sprayed insulation form created from Dow’s VORACOR™ Polyurethane foam and Dow’s HYPERLAST™ elastomer, followed by a coating from Nippon Paint. They are directly sprayed on the roof tiles to create a seamless insulation which can effectively protect from the heat, save energy used to cool buildings, and prevent water leakage from the roof. It also lowers unwanted noise and strengthens the roof, thanks to Japan’s experience of facing violent storms frequently. Another unique advantage is that it can be sprayed from the outside without affecting indoor activities. Therefore, the solution is very suitable for roof maintenance of buildings with continuous activities such as factories, hospitals, and warehouses. Unlike other foaming methods, it does not cause Ozone depletion.
Three layers of insulation are sprayed on top of the roof tiles.
Japanese workers are spraying Toyokoh’s environmental-friendly roof insulation.
“Dow places high importance on the environment, and one of our sustainability goals is to protect the climate. We strive to develop innovations in response to the demands of green buildings that save energy and prevent heat by designing a durable material to fit Thailand’s climate with the least Greenhouse gases emission during construction. The innovation also saves transportation resources and can be installed quickly and seamlessly in a spraying format. We are solving building’s heat and global warming at the same time,” said Mr. Chatchai Luanpolcharoenchai, President of Dow Thailand.
In Thailand and South East Asia, the commonly-used blowing agents for Polyurethane foam are Hydrochlorofluorocarbons–HCFC and Hydrofluorocarbon –HFC, known to cause global warming by damaging the ozone in the atmosphere. The innovative “Sosei” roof insulation is different as it utilizes “Hydrofluoro-Olefin” or HFO to create the foam structure in an environmentally-safe way. The HFO has an Ozone Depleting Potential of zero and a Global Warming Potential of less than 1, which is 99% less than using the typical HCFC or HFC as blowing agents.
“The “Sosei” roof insulation, which uses Dow’s cutting-edge technology, is eco-friendly and very effective in protecting against heat. Comparing to a normal roof, the temperature under the Sosei roof is approximately 10 degrees Celsius lower. Designed to withstand the humidity climate and being shock-proof and water-proof, it can also lower the impact of natural disasters towards the roof structure, including damages caused by storms and earthquakes, with a 10-year water-proof guarantee. We are proud that Toyokoh is Dow’s first authorized partner to implement this innovation in South East Asia, and we are ready to provide services in Thailand,” said Mr. Kazuaki Toyosawa of Toyokoh.
More information about the Sosei eco-friendly insulation roofing system could be found at www.toyokoh.co.th
MEA returns over Bt6 billion of electricity deposits
Dec 17. 2020
By THE NATION
More than Bt6 billion of electricity deposits have been returned to over 2 million users in Bangkok, Nonthaburi and Samut Prakan by the Metropolitan Electricity Authority (MEA).
The MEA announced on Wednesday that as of December 8, Bt6.067 billion had been transferred to more than 226,700 electricity users in metropolitan areas who have registered to receive their deposits back.
The campaign, which has been running since March 25, is part of the MEA’s effort to follow government policy in alleviating people’s financial burden in this Covid-19 situation.
“Users can track the progress of their deposit returns on the website https://measy.mea.or.th by inputting your ID card number and your 10-digit registration code,” it said. “Those who still have not received their deposit can please contact MEA call centre 1130.
For further information, you can also visit the Facebook page @Metropolitan.Electricity.Authority, or Twitter @MEA_news, or Line: MEA Connect.”
Krungsri launches Social Enterprise Market in Bangkok
Dec 16. 2020
By THE NATION
Bank of Ayudhya (Krungsri) and SE Thailand joined hands on Wednesday to launch the Social Enterprise Market @Krungsri. The fair is aimed at creating opportunities for social enterprises hit by the Covid-19 crisis. On show are quality products for a better environment and society offered by leading social enterprises, including DoiTung, Doi Kham, Green Net, and The SUPPORT Arts and Crafts International Centre of Thailand. The fair also features fun activities ahead of the festive season.The Social Enterprise Market @Krungsri is at the plaza in front of the Krungsri head office on Rama III Road until this Friday.Pictured opening the event are Pairote Cheunkrut, second left, Krungsri’s chief strategy officer, and Kesara Manchusree, third left, director of the Board of Association of SE Thailand.
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