Thai Sugar Terminal Pcl (TSTE) has invested in food-tech start-up Thai Ento Food Co Ltd, a pioneer and top local producer of cricket protein powder under “Sixtein” brand in a joint production venture aimed at serving markets worldwide.
The investment was made in light of sustained strong market outlooks of alternative food products for the future. The companies have ambitiously set their sight on elevating Thailand to be a global production hub of cricket powder with projected sales figures exceeding one billion Baht by the end of the next three years.
Elaborating on the venture with TSTE, Thai Ento Food managing director, Mr Teeranut Rungsuwan said this business expansion policy has strengthened the potential of the company, which is the country’s first large scale industrial producer of cricket powder. “It will go a long way to solidify our position as the leader in cricket power production in Thailand, which is vital to achieving a goal of transforming Thailand into a global production hub of cricket powder, therefore helping to generate income that will benefit communities in upcountry, the farming sector, society and the country,” he added.
TSTE and Thai Ento Food set the sales target in 2023 at 250 million baht, and in 2025 at one billion Baht, 70 per cent of which coming from international markets and the rest 30 per cent are from domestic markets.
“We appreciate consistent supports and promotion activities from the public sector as it is clear that overseas consumption of cricket powder has increased markedly, which boosts the growth and the market size significantly, particularly in the functional food and novel food segments in the US, China, Europe and Latin Americas,” he added.
According to the Ministry of Commerce, the insect protein market worldwide is currently worth over US$400 million and is estimated to reach US$2.06 billion or more than 70 billion Baht in 2027. This estimation is consistent with a projection by the National Bureau of Agricultural Commodity and Food Standards which puts the growth of the edible insect market during 2018-2023 at 23.8 per cent worldwide and will be worth 37.9 billion Baht in 2023. So far, Thailand has managed to secure a modest share in the export markets as the country’s industrial production of the insect food products is still in an early stage.
Mr Chanachai Chutimaworaphan, Chief Executive Officer of TSTE, revealed that Thai Ento Food is an attractive rising star start-up and has outstanding innovative processing technology thanks to its collaborative R&Ds with a leading local university, thus enabling production of high-quality protein powders which are main ingredients to increase protein in processed foods in the food manufacturing industry.
He said the company decided to invest in this food-tech start-up and serves as its strategic partner because it realizes the potential of insect protein powders as novel protein of the future and they can ideally open doors to new businessopportunities relative to our current business lines. He said another objective is to try to capture additional markets by taking advantage of TSTE’s B2B customer base which will allow Thai Ento Food to grow further to become the leading producer of a complete line of cricket protein powders.
The TSTE’s investment will see a cricket power facility commercially operational in Q4 of 2022 with maximum production capacity of 1,200 tons a year or a daily production of 4 tons, potentially rising 10-fold within a year, making Thai Ento Food the country’s first industrial producer of cricket protein powder. To achieve such an ambitious objective, there has to be a close collaboration between the company, cricket farmers, protein-rich food and beverage producers, trade partners, the public sector as well as foreign trading partners.
Thai EntoFood is the first to use a bespoken Isec Technology at its industrial cricket powder processing and production facility. It is a continuous and zero-waste process to maximise the use of all body parts of an insect with high precision to produce light colour and odorless powder. The facility has also received the highest international food safety standard certificates, namely FSSC 22000 (Food Safety), ISO 22000, HACCP and GHPs.
Gulf Energy Development Public Company Limited (GULF) announced that Gulf International Investment (Hong Kong) Limited (Gulf HK), its wholly-owned subsidiary, entered into a subscription agreement to commit to invest EUR 75 million, which is equivalent to approximately THB 2.7 billion, in Lightrock Climate Impact Fund SCSp (LCI Fund).
The LCI Fund targets ESG-aligned investments, with a fund life of approximately 10 years and an investment period of 5 years for which capital calls will be made gradually.
Ms Yupapin Wangviwat, GULF’s Chief Financial Officer, stated “LCI fund targets to invest in European-focused innovative and fast-growing companies that deliver measurable greenhouse gas impact, since Europe has allocated massive funds with concrete plans for investment in the energy transition from fossil fuels to clean alternatives.
“This is in line with GULF’s objective to focus on investments in renewable energy-related businesses and climate management, in accordance with the global target to achieve net zero emissions by 2050.
“Furthermore, this investment demonstrates GULF’s commitment towards environmental and social responsibility while achieving good financial returns.”
LCI Fund is advised by Lightrock, which was founded by the Princely House of Liechtenstein and is backed by LGT Group; a leading private banking and asset management group.
LCI Fund targets ESG-aligned investments across different investment themes such as Energy Transition, which includes renewable energy, battery storage and energy efficiency; Decarbonizing Industries, which includes carbon capture and storage, and green industrial processes; Sustainable Transportation; Sustainable Food and Agriculture, and Enabling Technologies and Solutions, which includes advisory services for developing emission reduction projects.
The investment is an attempt to follow Thailand’s policy which aims to become carbon neutral in 2050 and achieve net zero greenhouse gas emissions in 2065, as Prime Minister Prayut Chan-o-cha had announced in the 26th United Nations Climate Change Conference (COP26) in November 2021.
Bangkok, August 11, 2022 – The Incubation Network, in partnership with the Global Plastic Action Partnership, UpLink by the World Economic Forum, and the Alliance to End Plastic Waste, have recently launched the Plastic Waste to Value Southeast Asia Challenge to tackle plastic waste mismanagement in the region.
Established to accelerate innovative solutions that are focused on plastic recycling and upcycling in Indonesia, the Philippines, Thailand, and Vietnam, the challenge is excited to unveil five innovators that will be participating in the tailored development program over the course of five months.
The challenge received a total of 101 incredible applications through the UpLink platform. 48 shortlisted candidateswere carefully assessed by academic researchers, corporate sustainability practitioners, innovators, and climate & circular economy specialists. The selected innovators will receive partnership building opportunities, mentorship, increased visibility, access to networks, and grants to scale their solutions.
Urgent sustainable solutions are needed to combat the ever-growing global plastic waste pollution crisis. Between 2017-2019, an estimated 2 million tonnes of plastic waste leakage per year came from Thailand, Indonesia, the Philippines and Vietnam. This accounts for 17% of annual global marine plastic waste leakage. Plastic waste that is not polluting waterways is either burnt or dumped – posing a significant threat to environmental and biodiversity health.
“At The Incubation Network, we empower local entrepreneurs and solutions that are working to prevent plastic waste leakage. Some of our previous programs include the Thailand Waste Management and Recycling Academy which connected early-stage startups to industry experts, and the Thailand SME Scale Up Program which helped recycling and upcycling businesses to scale-up and expand their operations,” says Sirinchayaa Preechapatsakool, Ecosystem Consultant, The Incubation Network. “We are very excited to support the Plastic Waste to Value Southeast Asia Challenge cohort. Their role will be a stepping stone to better waste management system in the region, including in Thailand.”
“Innovative solutions are critical to address plastic waste management in the region. We are thrilled to have worked closely with The Incubation Network and the Alliance to End Plastic Waste to identify an impressive cohort of Top Innovators with high-impact solutions that bring value to plastic waste. We look forward to providing the Innovators with greater visibility and impact in the region.” says Poonam Watine, Knowledge Specialist, Global Plastic Action Partnership.
Solutions have been assessed based on their contributions to at least one of the three focus areas: (1) Increasing the amount of plastic waste managed, processed and/or recycled; (2) supporting the operational improvement of plastic waste management and recycling; and (3) improving working conditions of enterprises in plastic waste management and recycling.
The Plastic Waste to Value Southeast Asia Challenge cohort includes:
TerraCycle Global Foundation (Thailand) TerraCycle Global Foundation provides simple, innovative, and high impact solutions to prevent, remove, and recycle waste from the environment.
Bank Sampah Bersinar (Indonesia) Bank Sampah Bersinar is a social enterprise that provides community-based waste management solutions.
ENVIROTECH WASTE RECYCLING INC. (Philippines) Envirotech collects Single-use plastic (SUPs) and turns them into useful products.
Kibumi (Indonesia) Kibumi is a disruptive startup company that strengthens the plastic recycling supply chain through digitalized and modernized waste collection points.
Plastic People (Vietnam) Plastic People transforms plastic waste into useful and upcycled products such as furniture or accessories.
“Ending plastic waste is a clear and urgent necessity recognising both the environmental costs and economic losses when plastic waste is not recovered,” says Nicholas Kolesch, Vice President Projects at the Alliance to End Plastic Waste. “With growing demand for post-consumer plastic, the Plastic Waste to Value Southeast Asia Challenge will support ventures in the region to close this gap, getting plastics out of the environment and back into a circular economy.”
The Plastic Waste to Value Southeast Asia Challenge is led by The Incubation Network, the Global Plastic Action Partnership, UpLink by the World Economic Forum, and funded by the Alliance to End Plastic Waste, and supported by SecondMuse, The Circulate Initiative, Global Affairs Canada, and DEFRA.
The Commerce Ministry sees vegetarian food as a golden opportunity to break into the Taiwan market.
The ministry said that the demand for vegetarian food is likely to grow in Taiwan. It will be an opportunity for Thai exporters to use their expertise in food manufacturing to export products to Taiwan.
Phusit Ratanakul Sereroengrit, International Trade Promotion Department director-general, said that he had received survey results of Taiwan’s vegetarian food market from a commercial ambassador in Manila.
The results show that it is an interesting market that has a great potential to grow because 10 per cent of Taiwan’s 23-million population eats vegetarian food regularly, he said.
They eat vegetarian food because they want to protect the Earth which is different from the past when they used to eat veg food due to religious and health reasons.
Currently, the Taiwanese brand Plant-Based is successful in the US market and is sold in the famous supermarket chain Aldi while also joining hands with Carrefour, a giant hypermarket in Taiwan.
The brand is also pushing ready-to-cook meat to the market, such as stir-fried pork with basil, Korean-style grilled beef, and European sausages.
The brand also plans to sell tom yum kung, green curry, and fried chicken with lemongrass and chilli, which are popular Thai foods in Taiwan, he said.
Meanwhile, Plant-Based has successfully developed nine menus of planted-based ready-to-cook for Mahayana Buddhists and Yiguandao believers who eat vegetarian foods.
Previously, most vegetarian foods are bland and their tastes are not varied so they are not very popular in the market, he added.
Therefore, the company decided to develop products with diverse tastes and successfully got into the US market two years ago.
The taste was similar to normal foods as consumers could not tell the difference and almost 20,000 kilograms of products were sold in the first phase.
After the Covid-19 pandemic, the transportation cost increased heavily, so the company decided to accept fewer overseas orders and focused on the domestic market instead.
The company has joined hands with several hypermarket giants in Taiwan and developed ready-to-cook meals based on Thai foods’ popularity in Taiwan.
Phusit mentioned that more business operators have decided to get into the Thai vegetarian food market to respond to consumers’ demands and released several items, especially famous Thai foods such as stir-fried pork with basil, tom yum kung, and green curry.
Therefore, it is a good opportunity for Thai operators to use their expertise in Thai foods to develop Thai vegetarian food for the Taiwanese market, he said.
Despite deteriorating market conditions, SCB CIO has revealed investment strategies for generating profits in both bull and bear markets
1)Investment in long-term sovereign bonds and investment-grade fixed income to generate cash flow; 2) Diversifying risks to new products; 3) Investing in structured notes to generate cash flow; 4) Opting for long-term thematic investment, and 5) Utilizing assets to generate returns through Wealth Lending Products.
SCBS expects the SET index to reach 1,650 points this year and recommends BBL, BJC, CPF, CBG, and MTC for their potential gains and the advantages they will enjoy as a result of the country’s reopening. Meanwhile, Bank Julius Baer recommends keeping 20 per cent of private equity in a portfolio as a hedge against market volatility and a source of potential long-term rewards.
Siam Commercial Bank Chief Investment Office and Product Function Executive Vice President Sornchai Suneta recently spoke at a seminar for SCB PRIVATE BANKING customers titled “Defining News Opportunities: Investment Outlook 2022,” where he revealed that in the United States (US), declining energy and food prices, as well as falling home prices due to the doubling of loan interest rates from their original 30-year rate of around 3% p.a. to an average of 6% p.a., are all indicators that US inflation may have slowed down in July.
Similar to the trend in home prices, rents are expected to decrease. Meanwhile, the hourly cost of labour has already begun to fall. Due to the strengthening dollar and decreasing shipment times, the cost of importing goods into the US has gone down significantly.
Inflation may fall as a result of this pattern because it suggests that prices across the board will fall. It is anticipated that the Federal Reserve (Fed) will raise interest rates by 0.50 percentage points at their upcoming September meeting, followed by two additional rate hikes of 0.25 percentage points each. The [US] economy has shown signs of slowing, so interest rate hikes may end next year.
Oil is another factor to keep an eye on. Despite the fact that oil prices will decrease in the short term, the remaining production reserve capacity of Opec nations is progressively declining. Even if the price increases, they are unable to significantly increase production capacity since investments in new oil drilling have continuously dropped as the importance of fossil fuels continues to decline. As a result, this constraint prevents energy costs from being significantly reduced. Opec members may produce less than their quota this year due to a lack of supplies. Given that the recent drop in oil prices may be temporary and not the beginning of a new, lower trend, the capacity issues facing the industry are cause for concern.
European countries are experiencing a moderate energy crisis and their inflation rates have not yet passed their peak due to their reliance on natural gas imports primarily from Russia. While importing natural gas from the US could solve this issue, transportation costs are rather significant in comparison to imports from Russia. The GDP of European nations may enter a recession sooner than that of other nations.
Thailand’s inflation rate has not yet reached its high. A probability greater than 7 per cent exists due to price increases of numerous products. This will have an impact on the consumer price index. The public sector is still in a fragile position, with pay minus inflation resulting in a negative cost of living. As a result, the Monetary Policy Committee (MPC) may not hike interest rates significantly, because doing so would cause widespread financial hardship for families. As the baht depreciation did not result in significant capital outflows, it is unnecessary to hike interest rates as aggressively as the US. However, it is anticipated that the MPC will likely hike interest rates by 0.25 percentage points at its August meeting, and will raise interest rates more three times this year and twice next year.
Sornchai Suneta noted that investors should focus on the following five investment strategies to generate profits in both bull and bear markets amid a volatile environment:
1) Generate cash flow from investment portfolios by investing in long-term government bonds and investment-grade fixed income. A potential slowdown or recession in the economy means that interest rates are unlikely to rise much more. Investing in REITs to earn dividends is also attractive because the hotel industry has been increasingly active as visitors have resumed travelling and room rates are beginning to revert to pre-pandemic norms.
2) Diversify risks by investing in new alternative products uncorrelated to market conditions, such as private equity, private debts, and private real estate. This long-term investment in non-listed companies is less volatile than in publicly listed companies and will lower portfolio volatility.
3) Invest in structured notes that can generate cash flow. For example, by mixing debt securities with futures to create derivatives. Unlike conventional products, innovative structures like Sharkfin and Inverse can guarantee both a high rate of return and the safety of your principle. KIKO (Knock-In Knock-Out) is a type of investment that does not guarantee repayment of principal but offers a high rate of return in the form of regular cash flow.
4) Long-term thematic investment is an investment strategy that disregards short-term volatility in order to seek opportunities to invest in businesses with strong growth potential in the future, such as healthcare, e-commerce, and green energy in the EV segment.
5) Take advantage of existing assets to create returns via Wealth Lending Products in the category of property-backed loans or Lombard loans which use debentures or vacant real estate as collateral for special interest rate loans to invest in a variety of assets. Under the guidance of the Bank’s investment advisory teams, investors can find solutions that fit their objectives in terms of risk tolerance and inflation protection. The annual rate of return for medium-risk investments ranges between 7 and 8 per cent.
SCB Securities Co., Ltd. Research Chief Research Office Sukit Udomsirikul revealed that even though the rest of the world is concerned about the current economic downturn, Thailand is currently not at risk of experiencing a downturn. However, the economy is not significantly superior to that of other nations. Based on GDP estimates for this year, Thailand is projected to be in a relatively optimistic group, with a GDP of approximately 2-3 per cent. The International Monetary Fund IMF recently predicted 2.8 per cent GDP growth for Thailand, whereas most local institutions expect growth of 3 per cent or higher. For this reason, Thailand is relatively safe. The economy and stock market provide independent aspects. When times are tough, the conventional wisdom among investors is that it is best to stay out of the market. In reality, now is a suitable time to invest because the stock market drives economic growth. SCBS estimates that the SET index will end the year at approximately 1,650 points. The third quarter could see the lowest point for stock markets around the world, including Thailand.
Now is the right timing for investment as there are several solid, reasonably priced stock options available. Investors should look for stocks that are showing signs of recovery since they offer the greatest number of investing opportunities. SCBS picks five outstanding companies, namely BBL, BJC, CPF, CBG, and MTC. Retailer BJC (BigC) stands to gain from the reopening of the country’s economy. Food company CPF will profit from cheaper raw materials. With cities now open for business again and the price of packaging raw materials decreasing, CBG energy drinks are entering a period of business recovery. However, the stock price may fluctuate due to the company’s sales generated by exporting to CLMV nations, which account for around 30% of revenues. Due to a shortage of dollars, some countries may avoid trading their currency for dollars, which may have an effect on its earnings. We consider right now to be a compelling time to buy CBG stocks. The beverage industry as a whole is forecast to grow even further next year. The combined effects of higher interest rates and worries about bad loans led to a precipitous decrease in MTC’s share price, but MTC’s stock price should benefit from a recovering economy and stable interest rates.
Despite the downturn, the outlook for the Thai stock market is not as pessimistic as compared to the US or Asian stock markets. The Thai stock market is outperforming other markets because of the substantial number of companies in the energy, banking, and commercial sectors linked to the country’s reopening. These shares are favourable for the stock market because of their robust performance and fundamentals, in contrast to those of the economic sector that focuses on consumption and export, and do not represent the majority of shares on the stock market. Investing in the stock market is analyzed from a business perspective, while the economy will be analyzed from the country’s overall picture. This is why the Thai stock market has not plummeted as dramatically as other markets.
Gains this year were seen mostly in the medical, tourism, and transportation sectors, while other sectors saw a moderate loss. The average loss for Thai stocks is less than 10 per cent, with just a handful of sectors seeing losses greater than 10 per cent. This indicates that the Thai stock market declined less, compared to the loss of more than 20 per cent suffered in other markets. However, the energy, food, banking, and insurance industries—all of which have a bearing on inflation—should be the primary focus of investors. In the event that interest rates go up, these equities will perform well.
Bank Julius Baer Head of Funds Specialist Asia Donald Rice noted that global financial markets were extremely turbulent. The Russian-Ukrainian crisis, volatility from inflation, economic uncertainty, and subsequent interest rate hikes have all contributed to negative treasury yields and stock market sentiments. Because of these considerations, conventional assets are extremely unstable. Private equity investments are becoming increasingly attractive as a means for institutional investors (such as funds, conservative organizations, and wealth management firms catering to high-net-worth individuals) to cushion themselves from the effects of market volatility. An investor may allocate between 5 and 10 per cent of their portfolio to private equity investments, with the option to allocate as much as 20 per cent.
A portfolio should include private equity to diversify risks beyond traditional assets and gain access to companies with solid fundamentals that are not publicly traded. Currently, companies listed on the stock exchange in the US are decreasing due to the existence of many regulations, while the number of private corporations continues to rise. As a result, investing in these firms which are currently experiencing a time of rapid expansion has the potential to provide big profits.
” These companies will be able to grow rapidly and sustainably based on over two decades of professional experience working in private equity and leveraging our skills to help them expand financially and strategically through private equity financing,” Rice noted.
Investing in private equity entails a number of risks, including 1) Market volatility, although to a lesser extent than investing in traditional assets; 2) Investment regulations that differ from those governing traditional assets, and 3) Unpredictable returns because investors may have to put their money into early-stage companies. Investors will see returns after they begin to generate income; 4) Investment information is not provided routinely and will not be as constant as when investing in listed stocks, and 5) This investment has a long-time horizon with low liquidity.
The Thai Bankers’ Association vowed to adjust the interest rate gradually in a bid to minimise the impact on vulnerable customers and small and medium enterprises (SMEs) after the Monetary Policy Committee (MPC) decided on Wednesday to raise the policy rate by 25 basis points to 0.75 per cent.
The MPC decided on the rate rise after believing a loose monetary policy is less necessary to support the economy amid the Covid-19 crisis as the economy is likely to recover thanks to an increase in foreign visitors.
Association chairman Payong Srivanich said on Wednesday evening that banks would proceed with the rate adjustment gradually to ensure vulnerable customers and SMEs who have yet to fully recover from the impact of the pandemic and energy price crisis can continue to operate their businesses smoothly.
Banks will continue rolling out long-term debt-restructuring measures for customers to counter NPLs (non-performing loan) until the end of next year, when the economy is expected to bounce back, Payong said.
Individual customers will not be affected much by the rate adjustment as most have been granted fixed interest rates, including for hire-purchase loans, credit cards, and personal loans, he pointed out.
Meanwhile, most housing loan customers, who are on floating rates such as MLR (minimum loan rate) or MRR (minimum retail rate), already have fixed monthly payments, so the impact of a rate adjustment would be minimal, he said.
The association and member banks will monitor the situation closely and provide suitable aid to customers to prevent the NPL cliff phenomenon, or a situation where a big amount of debt defaults occur in a very short time, forming a cliff of non-performing loans, Payong said.
The association also reported that as of May 2022, customers who have applied for debt restructuring programmes due to the impact of Covid-19 have dropped to 1.6 million accounts amounting to 2 trillion baht of debts, from 6.1 million accounts or 4.2 trillion baht of debts recorded in July 2020.
The baht opened at 35.35 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.56.
The currency is expected to move between 35.20 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.
He said the baht was likely to fluctuate and strengthen as the market was in a risk-on state amid a weakening of the dollar.
Moreover, the baht has also found support after foreign investors purchased Thai stocks.
However, the Thai currency will not weaken past its support level of 35.20 because investors are waiting to purchase the dollar at this level while other foreigners might sell the US currency for profit, Poon felt.
He advised investors to beware of volatility from Emerging Asia assets, which could pressure the baht to weaken as some investors are worried the Chinese government might impose more lockdown measures to control Covid-19 in some areas.
Concern over the situation forced Chinese and Hong Kong stock indexes to head down while the yuan was also seen to weaken, Poon added.
Grand Star Co., Ltd., the developer of Hyde Heritage Thonglor, recently hosted the grand launch of the super luxury residential project that is now ready for anyone interested in “Timeless Elegance”.
Bangkok Governor Dr. Chatchart Sittipunt presided over the launch by planting the first 9 trees, a reflection of the company’s commitment to joining the governor’s goal of planting 20,000 trees citywide. The company is a joint venture between three leading Thai and Japanese companies, namely Japan’s top-5 property company Sumitomo Forestry Co.,Ltd (SFC), Grande Asset Hotels and Property Plc. and Property Perfect Plc. The partner companies will continue growing more trees in support of the governor’s green policy.
Top executives and VIP guests participating at the grand launching include Grande Asset Hotels and Property Plc.’s Chairman Mr. Wichai Thongtang, Japanese Ambassador to Thailand Mr. NASHIDA Kazuya, Property Perfect Plc.’s CEO Mr. Sanith Adhyanasakul, Japan SFC’s Executive Officer, Deputy Chief Director of Main Overseas Housing and Real Estate Business Unit Mr. Kenji Inui, the Eastern Economic Corridor Office’s Secretary General Dr. Kanit Sangsubhan, Labour Ministry Gen Mr. Adul Saengsingkaew, Mr. Wacharakiti Vatcharothai, Grande Asset Hotels and Property Plc.’s director and vice chairman of board of executive director Dr. Bhichit Rattakul, Grande Asset Hotels and Property Plc.’s CEO Mr. Vitavas Vibhagool and Krungsri Bank Plc.’s Executive Vice President Mr. Prakob Phiencharoen.
Mr. Pheeraphon Nonthasoot, Executive Vice President, Corporate Branding & Communicaiton, Sales & Marketing, Grande Asset Hotels and Property Public Company Limited,, describes the super-luxury Hyde Heritage Thonglor as one of the best condominiums in Thailand. Ideally located just 250 meters from BTS Thonglor station and 150 meters from an iconic T-One Building which can be accessed by the BTS skywalk, the project boasts an area of more than 2,000 square meters on eight floors earmarked for common areas with 28 functions.
“Hyde Heritage Thonglor also emphasizes service and convenience that’s equivalent to the services of a 5-star luxury hotel through concierge services in partnership with Compass Hospitality, which is on hand to assist residents in various ways according to their needs,” said Mr. Pheeraphon.
In addition, the project also offers exclusive services from Hyatt Regency Bangkok Sukhumvit, the five-star hotel in the Grand Asset Hotels & Property Plc portfolio, in bringing “On-Demand Service” to the exclusive living experience of residents of Hyde Heritage Thonglor. The services will complement the facilities that the project provides in the common area including a private chef table on the 7th floor with a menu created by a personal chef from the 5-star hotel, space for an exclusive Private Party that makes your important event more special, and a personal fitness trainer and yoga instructor on the 41st floor that will help one achieve the exercise goal more easily.
With a goal to give the best to its residents, the project has brought Japanese construction technology by Japan-based Sumitomo Forestry has brought its construction technology to ensure that project’s quality is up to international standards and maximizes energy saving. In another environmentally friendly move, the project also promotes clean energy through 30 EV chargers for residents, thus helping to reduce greenhouse gas emissions.
“We’ve joined hands with EVLOMO, a leading company in the electric vehicle industry from the United States, in installing the EV chargers in the Hyde Heritage Thonglor. The project is the first to support more than 30 EV Charger stations. It reflects our determination to be a real estate choice of the future for Thai residents who drive electric cars. EVs are becoming increasingly popular due to the government’s policy of making Thailand a regional hub of EV production,” said Mr. Pheeraphon.
Situated on over two rai on Sukhumvit Road, the 45-floor Hyde Heritage Thonglor has 311 residential units with prices starting at 11.9 million per unit. The carpark ratio is also 100% (for all units). Unit space ranges from 40 sq. meters to the 358-sq-meter penthouse. The residential project is in a strategic location that is popular with both Thai and expatriates, especially the Japanese. This is because the area is home to famous restaurants, international schools, leading hospitals such as Samitivej and Bumrungrad hospitals and hi-end shopping malls.
Mr. Peeraphon said that “Hyde Heritage Thonglor” is considered one of the most luxurious and elegant projects in Bangkok today. The design in the style of New York’s Manhattan district by well-known architects and designers such as I’LL Design, That’s ITH and SHMA helps elevate the lifestyle of the residents to the next level. The project has also joined hands with True Digital Group to bring “Digital Solutions” to the property by partnering with True Smart Living for all parts of the building. This is the first project that uses cutting-edge innovations from True Digital to create a smart living experiences via an application designed specifically for the project.
“If you look at the cost-effectiveness in terms of investment, the Hyde Heritage Thonglor project is second to none compared with super-luxury projects in the nearby area. It has a competitive edge too, as it provides 5-star hotel services at reasonable prices. With its location on Sukhumvit Road combined with all the above elements, the Hyde Heritage Thonglor is unique. And we’re confident that Hyde Heritage Thonglor will meet the needs of buyers both in the country and abroad,” Mr. Peeraphon added.
Get set to experience the highest level of luxury that meets every lifestyle today at the Hyde Heritage Thonglor, a super-luxury condominium in one of Bangkok’s best locations. The project is ready to welcome potential buyers. Interested persons can enjoy special promotions when registering online to view the project with a free furniture package from leading brands worth more than 3 million baht, and on-top discounts of up to 200,000 baht. For more information, call 065-146-5959 or register for special promotions now at www.hydeheritage.com
The eco-friendly initiative enables waste to be sorted, shredded, melted and repurposed into new lifestyle products.
Canon Marketing (Thailand) Co., Ltd. continued its efforts to reduce plastic waste with its ‘We need your plastic caps Vol. 2’ project, where Canon employees, at the Headquarters and branches, as well as its business partners were encouraged to collect plastic caps in order to support the initiatives of ‘Precious Plastic Bangkok,’ a worldwide project that develops creative ways of upcycling plastic waste into value-added products.
Canon’s ‘We need your plastic caps Vol. 2’ project ran from March through June 2022. A total of 72 kilograms of plastic bottle caps were collected during the campaign.
Phongthep Prasertvoranun, Director of Corporate Communications and CSR, Canon Marketing (Thailand) Co., Ltd., said “Our first ‘We need your plastic caps’ project was successfully launched in July – October 2020. Due to the pandemic, last year’s activity was suspended and resumed this year. However, our goals remain unchanged — to raise more awareness of the importance of plastic waste sorting among Canon’s employees and partners, as well as to change people’s perception of plastic waste, which can be upcycled and turned into incredibly valuable resources”
” Through this CSR activity, Canon also supports a new generation of sustainability-focused pioneers in their innovative efforts to turn plastic waste into value-added products,” He added.
Bottle caps are usually made of High-Density Polyethylene (HTPE), a type of plastic with a melting point above 180 °C, making it non-decomposable and challenging to recycle.
Its durability makes it a valuable material suitable for upcycling. The caps can be made into plant pots, outdoor chairs, and floor tiles. The upcycling process effectively helps create value-added products and reduce the plastic waste that is otherwise left to pollute the environment.
After a brief hiatus, the much-anticipated Masala Wedding Fair will triumphantly return for its ninth edition and is sure to surpass all expectations on August 20-21,2022 at Bangkok Marriott Marquis Queen’s Park
The two-day extravaganza, which is widely recognised as the largest and most popular Indian wedding exhibition in Thailand, will be held on Saturday, August 20 and Sunday, August 21, at Bangkok Marriott Marquis Queen’s Park.
The fair will bring together a diverse selection of stakeholders involved in the Indian wedding industry under one roof, as well as plenty of entertainment and fun for the whole family.
The Indian wedding industry in Thailand is a thriving one, and despite the bumps in the road due to the Covid-19 pandemic, the industry has bounced back stronger than ever, with optimistic forecasts for the future.
Part of the reason that the industry remains evergreen in the country, which has been recognised as a world-class wedding destination by Indian couples from both Thailand and abroad, is because of the Kingdom’s numerous advantages.
Combined with Thailand’s world-famous hospitality, its wealth of five-star properties with cutting-edge amenities and facilities, and of course, its renowned cuisine, it’s easy to see why Thailand has become one of the world’s preferred destinations for Indian weddings.
As the wedding sphere continues to grow, so too does the average spend of an Indian wedding, in order to achieve the level of sophistication and grandeur desired by Indian couples. Now in its ninth year, the Masala Wedding Fair has been a key player in fostering this growth by continuing to promote Indian weddings in Thailand.
This year, the Masala Wedding Fair will be held at the Thai Chitlada Grand Ballroom at the Bangkok Marriott Marquis Queen’s Park.The sprawling five-star hotel, one of the largest properties in the city, was chosen specifically for its expansive and impressive event facilities, state-of-the-art equipment, and longstanding experience in hosting grand Indian celebrations.
In previous years, the two-day fair has attracted the attention of Key Opinion Leaders, influencers, and media from the Indian market, both locally and abroad.
This year, it is expected to welcome over 7,000 visitors and will have up to 90 local and international exhibitors showcasing all the goods and services one would need to plan a dream Indian wedding, as well as products suitable for brides and grooms-to-be, honeymooners, community members expecting to attend weddings in the near future, and experienced vendors and planners looking to expand their network.
In addition to unrivalled shopping opportunities for clothing, jewellery, and other accessories, there is a lot to enjoy at the Masala Wedding Fair, spanning a dedicated ‘Kids Corner’ for visitors with families; a ‘Spa Corner’ offering complimentary massages for those who want to take a break from their intensive shopping spree; and the best the city has to offer in mouthwatering cuisines from around the world, as well as skilled bartenders crafting a range of delicious refreshments from some of the country’s top beverage distributors.
For a full weekend of fun, the event will also present plenty of live entertainment throughout the day, including musical numbers, dances, and singing performances, as well as an exclusive fashion show from one of Thailand’s most sought-after Indian clothing designers. The aim is to appeal to all types of visitors, so the Masala Wedding Fair is inviting everyone to attend, and the admission is completely FREE.
As a one-stop shop for everything one would need to perfectly execute a grand Indian wedding, whether you’re searching for your dream wedding venue, finding the perfect photographer to capture your once-in-a-lifetime celebration, or hunting for makeup artists, light and sound crews, or F&B options, the Masala Wedding Fair is where you can find these, and more.
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