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https://www.nationthailand.com/business/corporate/40019354

The national flag carrier, Thai Airways International, has managed to sell five Airbus A340 series planes that had been parked unused for over 13 years for 350 million baht.

Cherdphan Chotikhun, chief technical officer of THAI, said the airline has sold one A340-500 and four A340-600 planes to a buyer for 350 million baht. He said the buyer has already signed a contract to acquire the planes.

Cherdphan said the five planes will be sold at prices higher than their assessed value. THAI is waiting for the Transport Minister to approve the transfer of ownership of the five planes to the buyer.

Cherdphan said THAI still has four decommissioned A340 series planes and the firm was now negotiating with prospective buyers.

The sale of the five Airbus A340 planes was the latest sale of THAI’s decommissioned planes after the national carrier entered a rehabilitation programme.

Earlier, THAI had sold one Boeing 737-400 plane and 10 Boeing 747-400 planes, earning 2 billion baht.

Cherdphan admitted that it was hard to sell decommissioned A340 series planes and THAI has been trying to sell them for years.

He credited the current successful sale to the rehabilitation programme.

“After we entered the rehabilitation programme, we could disclose full information about the planes and we are now open to prospective buyers with transparency,” Cherdphan explained.

He said THAI had announced the sale on its website www.thaiaircrafttrading.com and sent emails to over 500 prospect buyers.

“In the past, we were bound by regulations of state firms, which gave us almost no chance to sell the decommissioned planes. As a result, THAI had to shoulder the cost burden of the decommissioned planes for years,” Cherdphan added.

The Cabinet gave the green light for THAI to undergo rehabilitation under the Bankruptcy Act in May 2020, while the airline’s protection filing was granted by a court in June last year.

THAI filed for bankruptcy protection after reporting total debt of 245 billion baht at the end of 2019. The rehabilitation programme requires the airline to halve its 30,000-strong workforce and cut costs to 53 billion baht this year.

THAI bought 10 A340 series planes in 2003 during the first term of the Thaksin Shinawatra government, when Thanong Bidaya was the THAI board chairman.

At that time, THAI had a plan to buy 39 planes from 2002 to 2004 with a budget of over 200 billion baht.

The A340 series planes were used for direct flights from Bangkok to New York and from Bangkok to Los Angeles. But the two routes generated accumulated losses of 7 billion baht in three years of operations, so the routes were cancelled in 2008.

After the 10 A340 series planes were decommissioned, the Royal Thai Air Force bought an A340-500 plane, leaving nine others parked unused at U-Tapao Airport since then.

Cherdphan said THAI has a plan to sell 14 more planes — six Boeing 777-300 planes, six Boeing 777-200 planes and two Airbus A380 planes.

“We are confident we can sell them all. We now know where to find buyers and our sale method is transparent and we have experience in how to do it,” Cherdphan said.

He added that THAI plans to rent two Airbus A350-900 planes to expand flights during the first quarter of next year when more flights are expected.

THAI also plans to reuse five decommissioned planes – two Boeing 777-200 ER planes and three Airbus A330-300 planes – in the fourth quarter of this year, Cherdphan said.

As of June 21, THAI has a fleet of 61 planes but 20 Airbus A320-200 planes are being used by Thai Smile, leaving the national flag carrier with 41 planes for service, comprising 12 Airbus A350-900 planes, four Boeing 777-200ER planes, 17 Boeing 777-300ER planes and eight Boeing 787 planes.

Published : August 25, 2022

By : THE NATION

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https://www.nationthailand.com/business/corporate/40019344

The Home Building Association (HBA) will host the ‘Home Building and Materials Expo 2022’ from September 14-18 at Hall 6 of Impact Muang Thong Thani in Nonthaburi province. The event is expected to attract over 10,000 attendants who will spend around 3.5 billion baht at 40 participating home building companies.

HBA president Worawut Kanjanakul said the Home Building and Materials Expo 2022 will be organised under the concept of ‘Build-Change-Earth’, with a focus on presenting over 1,000 models of eco-friendly houses that feature state-of-the-art technology for modern and environmentally conscious customers.

“Home building market in the past few months is showing a positive trend with significant growth in houses priced at 5-10 million baht and luxurious houses over 10 million baht,” he said. “Popular locations include Bangkok and major tourism provinces such as Chonburi (Pattaya) and Nakhon Ratchasima (Khao Yai), where people tend to build a second home for vacation.”

Worawut added that the upcountry market also shows strong demand for houses priced from 2.5 to 3.5 million baht thanks to the recovery of the tourism industry that helps boost the local economy, while more customers are opting to use the services of home building companies instead of general contractors.

“To boost sales before yearend, HBA is planning to host the Home Building and Materials Expo 2022 on September 14-18. This year we use the concept ‘Build-Change-Earth’ to increase awareness in environmental and climate change issues due to excessive use of resources, which has resulted in more serious natural disasters every year. We hope that the expo will help urge people to do their part to make the world better,” he said.

Worawut said the future trend of home building must focus on style, function, and environmental aspects. Home building companies can help fulfil these goals by using a smart design that maximises the use of natural light and wind to reduce the reliance on electricity. Furthermore, home builders should try to use only eco-friendly materials and minimise pollution during the construction process, including the sound, wastewater, and air pollution caused by small dust particles (PM2.5).

“At the Home Building and Materials Expo 2022, you will meet over 40 home building companies who will present over 1,000 designs for houses with prices ranging from 1 to 100 million baht,” he said. “The designs will mostly focus on using modern technology, promoting closeness to nature, minimising environmental impact, and energy saving or using of renewable energy.”

Another highlight of the event is exhibition booths by the Department of Alternative Energy Development and Efficiency, the Thailand Environment Institute, and the National Housing Authority. These partners will showcase the latest innovation in home building and energy saving, as well as offer special discounts of up to 10,000 baht for those who reserve a house at the event. 

Attendants will also enjoy special discounts and gifts from booth organisers, while buyers of the “House Model Collection by Leading Home Builders” book will get a chance to win 300,000 baht worth of gold.

For those looking to buy construction materials, they will find plenty of special-priced items at the event, including eco-friendly roof tiles made from recycled materials and aluminium doors and windows that help increase air circulation in the house.

The Home Building and Materials Expo 2022 expects to welcome over 10,000 attendants throughout five days event including home buyers, architects, designers, students, and the general public. “HBA estimated that the expo will generate up to 3.5 billion baht of income to 40 home building companies and 10 financial institutes who will be offering loans at the event,” said Worawut.

If you are in the market for a new house, don’t miss the Home Building and Materials Expo 2022, between August 14-18 at Hall 6, Impact Muang Thong Thani, Nonthaburi province.

Published : August 25, 2022

By : THE NATION

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https://www.nationthailand.com/business/corporate/40019342

Bringing the technology and innovative products of more than 230 companies from 16 businesses to showcase in a hybrid exhibition format

The Department of Foreign Trade, Ministry of Economy of Taiwan (Bureau of Foreign Trade, MOEA) together with Taiwan External Trade Development Council (TAITRA) announce the grand event “Taiwan Expo 2022” in Thailand in the hybrid exhibition format and update Taiwan’s innovative product trends which have raised more than 230 companies from 16 business categories, covering all businesses and industries to enhance the quality of life.

Don’t miss it! There is also online Business Matching, an opportunity for Thai businessmen and investors to meet and discuss with leading Taiwanese companies. Those who are interested, please visit the onsite event at the Fashion Hall, 1st floor, Siam Paragon Shopping Center between 31 August and 4 September 2022, or visit the online event available now at https://bit.ly/2022taiwanexpo-THAI-05-

The Taiwan Expo 2022 in Thailand is a trade show of Taiwan technology and innovation that is organized by the Department of Foreign Trade, Ministry of Economy of Taiwan (Bureau of Foreign Trade, MOEA) together with the Taiwan External Trade Development Council (TAITRA) to promote a good image of Taiwan while building good relationships and creating economic, trade and investment cooperation between Thailand and Taiwan. The Taiwan Expo in Thailand is an annual event and was held for the first time in 2018 and offered only the online event in 2020 and 2021 due to the Covid-19 crisis. This year, it will be held as the grand event in a hybrid exhibition format. 

The Taiwan Expo 2022 in Thailand will showcase Taiwan’s technology and innovation that will make everyday life more comfortable. There are more than 190 companies on display online and 46 companies will be showcasing at onsite events, divided into 5 highlighted concepts such as 1) Cultural & Tourism, the experiences in Taiwan’s tourism and culture; 2) Low-Carbon Economy, combining innovative products with low-carbon economy concepts to reduce global warming problems sustainably; 3) Taiwan Lifestyle, the lifestyle products that are outstanding in both design and functions and also make daily life easier; 4) Smart Manufacturing, offering the smart mechanical products and solutions for all manufacturing industries; and 5) Smart Medical, delivering cutting-edge medical and healthcare equipment technology and innovation.

There is also an online business matching activity, allowing Thai businessmen and investors to meet and exchange business perspectives. Those who are interested in participating in trade business discussion, negotiations, and expanding business with Taiwan company representatives without any trade obligations can choose for business meetings covering every business and every industry from 16 business categories, including electrical and electronic equipment, electrical appliances, telecommunication, machinery, automotive, hardware, hand tools and construction equipment, computer equipment, medical and healthcare, beauty products, food and beverage, sports equipment, fashion apparel, agriculture, home, mother & child and service categories. 

Those trade buyers can book an appointment for business negotiations with no limit on the number of companies. The Thai-Chinese interpreters are available free of charge. The business discussion will be held online via Skype. The first 100 people who register for business negotiations, will receive a Grab Food voucher valued at 100 baht and the first 40 people who register to negotiate business with up to 4 companies or more will receive the Shell fuel card valued at 300 baht. The online business matching activities will be held on August 31 and September 2, 2022. Interested parties can register and reserve the appointments in advance at https://bit.ly/3Pg03oZ. For more information about online business matching activities, please contact the Taiwan External Trade Development Council (TAITRA) at 02-651-4470.

For more information about Taiwan Expo 2022 in Thailand, visit Facebook: Taiwan Expo in Thailand or https://bit.ly/2022taiwanexpo-THAI-05-
 

Published : August 25, 2022

By : THE NATION

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/corporate/40019329

Siam Piwat joined forces with the Department of International Trade Promotion (DITP), the Ministry of Commerce, to bring Thai designers onto the global stage by launching Qurated X ICONCRAFT, a special project to create fashion show “Sawasdee KL”, a gorgeous and exclusive multi-brand collection designed to showcase a local wisdom and craftsmanship to Malaysian fashionistas as it makes a successful debut at Kuala Lumpur Fashion Week in August 2022.

ICONCRAFT is one of the three brands opened in Pavilion Bukit Jalil recently from Thailand’s award winning and leading real estate and retail developer, Siam Piwat, under the collaboration with Pavilion Group, owner and operator of high-end department stores in Malaysia.

Siam Piwat, owner and operator of world-class projects such as Siam Paragon, Siam Center, Siam Discovery and a joint venture partner of ICONSIAM and Siam Premium Outlets Bangkok, launched ICONCRAFT as a hub of inspiration that showcases the height of Thai craftsmanship to the world and present local wisdom in a new perspective. It is a door of opportunity for over 800 Thai craftsmen, designers and local communities across Thailand and seeks to forge path towards modern trade and promote Thai brands to be known and recognized on the global stage. 

Mrs Parisa Chatnilbandhu, Senior Director of Retail Concept Shop, Siam Piwat Co. Ltd. said “ICONCRAFT has a mission to promote Thai craftsmen and local wisdom in a new angle of creative craftsmanship. With an aim to support the innovation capabilities and quality development for Thai artisans, we have collaborated with both domestic and international strong partners to open opportunity for Thai craftsmen to excel to their upmost capability and ultimately to share wonders with craft admirers. Sawasdee KL helps ICONCRAFT to achieve this.” 

Qurated X ICONCRAFT intends to create and introduce new perspective of Thai inspired fashion to upstage into Malaysian fashion scene in the capital city, Kuala Lumpur. This collection is the works of 40 talented designers who have been incubated to create fashion collection, Sawasdee KL, for Spring / Summer 2023. As part of Qurated Fashion Incubation Project in collaboration between ICONCRAFT and the Department of International Trade Promotion of the Ministry of Commerce, the project recruits Thai design apprentices selected from across Thailand to go through intensive seminars and workshop series conducted by famous fashion experts and gurus who also acts as the advisory board. The apprentices have been well-trained about fashion trends, market analysis, brand awareness, collection design process and digital marketing. 

“Sawasdee KL” collection is exclusively created. Every single design has its own story, and it is all about Thailand, highlighting a vibrant city like Bangkok and the upcountry beaches such as in Krabi, mountains in Chiang Rai and paddy fields in Sukhothai. Every piece is inspired by Thai culture, wisdom and incorporates the soul of designers. The colors of this collection tell of the well-being, energizing and cheerful persona of Thai people. Experimental coloring technique such as tie-dye is hybridized with neon color block to produce new color spectrum; strong and aggressive batik coloring is sweetened with pastel shades that emanating soft radiance; indigo tie-dye is topped up with screen printing that captures the modern urban street style; block printing originated from the Hmong hilltribe up north of Thailand, breaks out from its traditional patterns and is replaced by hipster motifs.

The material used are no ordinary as they are created, weaved, and tailored from contemporary ideas but made from traditional intertwined with modern techniques. Well-known luxurious Thai silk such as ‘Mud Mee’ are created in young and Bohemian style fashion; crochet craft extended to extravagant dresses, mini bags and clutches. In addition, Qurated X ICONCRAFT also involves sustainable and natural materials such as hemp, rattan and palm leaf fibers are all used to create fashionable accessories. 

Sawasdee KL fashion show by Qurated X ICONCRAFT was well-received by fashionistas at Kuala Lumpur Fashion Week on 19 August 2022. On top, exhibitions will be held in two locations including Pavilion Kuala Lumpur from now until 28 August 2022 and thereafter to Pavilion Bukit Jalil during 29 August 2022 to 30 September 2022. Thai fashionistas can follow via Facebook and Instagram at @DiscoverySiamOfficial. For more information about ICONCRAFT products created from Thai wisdom and innovative crafts, such as jewelry, crafted souvenirs, home décor crafts, Thai art and design crafts and lifestyle and everyday crafts, please visit ICONCRAFT 4th and 5th floor at ICONSIAM and 3rd floor at Siam Discovery.

Published : August 25, 2022

By : THE NATION