Tag Archives: business

GULF receives 16 trophies from EIA Monitoring Awards 2021

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Reiterating superior measures in environmental impact assessment and sustainable development

GULF receives 16 trophies from EIA Monitoring Awards 2021

Gulf Group, represented by Mr. Tanon Tantisunthorn, Chief Corporate Affairs Officer of Gulf Energy Development Plc., accepted 16 trophies from EIA Monitoring Awards 2021 awards, reaffirming superior reports and measures in environmental impact assessment. The awards were presented by Mr. Varawut Silpa-archa, the Minister of Natural Resources and Environment, at the conference hosted by Office of Natural Resources and Environmental Policy and Planning (ONEP) for the year 2022. The awards reflect Gulf Group’s commitment to strive for sustainable development in all dimensions. 

Gulf Group, represented by Mr. Tanon Tantisunthorn (left), Chief Corporate Affairs Officer, accepted EIA Monitoring Awards 2021 from Mr. Varawut Silpa-archa (right), the Minister of Natural Resources and Environment. The awards ceremony was held at the Grand Ballroom, Miracle Grand Convention Hotel, Bangkok.Gulf Group, represented by Mr. Tanon Tantisunthorn (left), Chief Corporate Affairs Officer, accepted EIA Monitoring Awards 2021 from Mr. Varawut Silpa-archa (right), the Minister of Natural Resources and Environment. The awards ceremony was held at the Grand Ballroom, Miracle Grand Convention Hotel, Bangkok.

This year, 16 power plants under Gulf Group received the awards, whereby 3 power plants including Gulf Chiang Rak Noi (GCRN), Gulf Khok Yae 1 (GKP1) and Gulf Khok Yae 2 (GKP2) received silver class and the remaining 13 power plants received bronze class, namely, Gulf Nong Rawiang 1 (GNRV1), Gulf Nong Rawiang 2 (GNRV2), Gulf Ban Pho (GBP), Gulf Ban Len (GBL), Gulf Nong Khae (GNK2), Gulf Nong Pla Mo (GNPM), Gulf Taling Chan (GTLC), Gulf Nong La Lok (GNLL), Gulf Nong La Lok 2 (GNLL2), Gulf Tasit 1 (GTS1), Gulf Tasit 3 (GTS 3), Gulf Wang Ta Pin (GVTP) and Gulf Nakhon Nueng Khet (GNNK).

GULF receives 16 trophies from EIA Monitoring Awards 2021

The bronze class reflects the power plant’s good compliance with environmental measures, zero complaints from the community during the 1-year period prior the audit. While the power plants receiving silver class have demonstrated other commitments in addition to those required by environmental measures.
 

Published : August 09, 2022

By : THE NATION

Court rejects request to suspend Orange Line bidding

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The Central Administrative Court on Monday rejected the Bangkok Mass Transit System (BTSC)’s request for an injunction to suspend bidding for construction of the Orange Line.

Court rejects request to suspend Orange Line bidding

BTSC, the BTS Skytrain operator, argued that the project owner, Mass Rapid Transit Authority of Thailand (MRTA), should halt bidding until the courts rule on an earlier lawsuit filed by BTSC.

The Administrative Court dismissed the request on grounds that the MRTA’s request for proposals (RFP) and the bidding process did not violate the Public Private Partnership Act.

The MRTA called the second round of bidding in May.

The court said the second round was conducted properly, with a 60-day interval before the MRTA invited bidders to submit their envelopes on July 27.

However, BTSC filed a lawsuit challenging the terms of reference (TOR) and RFP with the Central Administrative Court and a complaint with the Department of Special Investigation.

BTSC earlier won two cases against the MRTA – for unlawfully cancelling the first round of bidding and unlawfully changing the TOR.

The MRTA said that 14 companies bought the RFP documents for the second round but only two consortiums submitted bids on July 27.

On August 1, the MRTA opened the first envelope on technical data from the two consortiums, namely Bangkok Expressway and Metro (BEM)/H Karnchang Plc and Italian Thai Development Plc/Incheon Transit Corp (South Korea). The MRTA said it would examine the technical proposals before considering the bid prices offered.

Published : August 09, 2022

By : THE NATION

Schneider Electric building digital bridge for Thailand’s EV revolution

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Electric vehicles are expected to make up more than half of Thailand’s domestic auto sales by 2030, under the country’s plan to become Southeast Asia’s EV hub.

Schneider Electric building digital bridge for Thailand’s EV revolution

The millions of electric vehicles due to hit Thai roads in the next few years will require not only more energy but also more intelligent management to ensure that electricity is used efficiently.

To serve that ambitious goal, Schneider Electric – a multinational digital transformation and energy management company – is building a smart electrification solution for Thailand’s EV ecosystem.

Thailand has a very strong car industry and can be optimistic as starts on its EV journey, said Luc Rémont, Schneider Electric’s Executive Vice President, International Operations, in charge of South America, Africa and Middle East, India and East Asia & Pacific.

Schneider Electric building digital bridge for Thailand’s EV revolution

KResearch projects that by 2030, Thailand’s EVs will account for 55 per cent of domestic vehicle sales, over 50 per cent of domestic manufacturing, and 47 per cent of total vehicle exports.

However, Rémont pointed out that Thai motorists will only switch to EVs if there is a large network of charging stations and a digital link with drivers.

It is this digital bridge between charging stations and drivers that Schneider Electric is busy building.

“We will provide options to our customers to use relevant charging infrastructure and ways of monitoring that infrastructure depending on the customer,” Rémont explained.

Besides manufacturing charging devices and charging software platforms, Schneider is working closely with EV car manufacturers and battery manufacturers to provide infrastructure for their factories. The company is thus engaging in every part of Thailand’s EV journey, both upstream and downstream.

Schneider’s main focus in Thailand is efficient utilisation and sustainability of the Kingdom’s EV ecosystem.

Schneider Electric building digital bridge for Thailand’s EV revolution

“When you want to take resolute action for climate change, you need to tackle all the places where we ‘spend’ carbon,” Rémont said.

But reducing and controlling carbon emissions depends on companies’ ability to measure their energy use and use as much renewable energy as possible, he added.

“That’s how we are working on building an industry, and this is moving quite fast.”

Schneider Electric is now ready to share the fruits of more than 10 years as an electrification and sustainability pioneer with customers, he said.

“When you bring technology and know-how together today, you can manage many things very differently from what we did in the past,” he added.

Schneider, with global revenue  €29 billion in 2021, has shown its commitment to sustainability by aiming to be carbon neutral by 2025 and net-zero  by 2030. That is significantly earlier than most countries’ 2050 and 2065 targets for carbon neutrality and net zero under the Paris Accord, which aims to limit global warming to 1.5C by the end of the century.

Schneider is also encouraging and supporting over 1,000 suppliers around the world to follow its own lead.

Rémont added that his company was named the world’s most sustainable corporation in Corporate Knights’ 2021 ranking and as a Leader in the Independent Research Firm Report: Green Quadrant: IoT Platforms for Smart Buildings 2022

“Sustainability is an objective for mankind with big challenges, starting with climate change, which affects each and every country, each and every individual. And we believe that Schneider should lead the driving agenda for corporates, for governments, and for individuals.”

He said however that sustainability was not just a challenge or a constraint. It is also an opportunity for Schneider to improve electrification efficiency.

Published : August 09, 2022

By : THE NATION

Bangkok named best city in Asia-Pacific for international conventions

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Bangkok topped the list of cities with the highest “harnessing ratio” in Asia-Pacific in the latest GainingEdge report on the intellectual capital of conference destinations.

Bangkok named best city in Asia-Pacific for international conventions

The consulting firm developed this “harnessing ratio” concept to help meetings and convention destinations assess how effective they are at attracting bids for summits.

The harnessing ratio analysis is based on the assumption that cities with more active leaders on the boards of international associations will bring more forums to the city.

According to the report, Bangkok has 194 local leaders active on the boards of global organisations, which has helped them draw up to 123 meetings to the capital since 2018.

This resulted in Bangkok being given a harnessing ratio of 63.4 per cent.

Bangkok was followed by Shanghai (51.7 per cent), Singapore (50.8 per cent), Taipei (45.9 per cent) and Kuala Lumpur (44.3 per cent).

Bangkok also came in at No 6 globally, after Prague (95 per cent), Dublin (81.9 per cent), Lisbon (81.8 per cent), Montreal (77.2 per cent) and Berlin (64.7 per cent).

Chiruit Isarangkun Na AyutthayaChiruit Isarangkun Na Ayutthaya

Chiruit Isarangkun Na Ayutthaya, Thailand Convention and Exhibition Bureau (TCEB) director, said the agency has initiated a programme to appoint local leaders or well-known experts to become convention ambassadors.

He said TCEB recently appointed convention ambassadors in the medical and robotics industries to attract meetings related to these two sectors.

He added that TCEB plans to appoint more convention ambassadors to cover other industries such as food and agriculture, which is in line with Thailand’s 4.0 policy and Bio-Circular-Green economy.

Published : August 08, 2022

By : THE NATION

Stronger baht can get extra boost from gold sales, foreign investment

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https://www.nationthailand.com/business/econ/40018662

The baht opened at 35.56 to the US dollar on Tuesday, strengthening from Monday’s close of 35.77.

Stronger baht can get extra boost from gold sales, foreign investment

The currency is expected to move between 35.45 and 35.65 during the day, Krungthai Bank market strategist Poon Panichpibool said.

He added that the baht may swing sideways unless there are new factors affecting it.

Poon also reckoned that the Thai currency may strengthen from gold-selling transactions and foreign investors buying Thai stocks and short-term bonds.

However, he said the baht may not strengthen much as some importers are waiting to buy the dollar when the baht is stronger.

Hence, the baht’s new support level is 35.40 to 35.50 to the dollar, while its resistance level stands at 35.80 to 36.

Published : August 09, 2022

By : THE NATION

MPC expected to raise Thailand’s key interest rate on Wednesday

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Thailand’s Monetary Policy Committee (MPC) will increase the policy interest rate by 25 basis points at its meeting on Wednesday, Kasikorn Research Centre has forecast.

MPC expected to raise Thailand’s key interest rate on Wednesday

The centre expected the MPC to raise the policy interest rate to 0.75 per cent amid pressure from the high inflation rate.

It also expected the Thai economy to recover continuously, so the MPC might gradually withdraw economic accelerators.

According to the consumer price index, Thailand’s inflation rate in July rose to 7.61 per cent, slightly down from 7.66 per cent in June.

The centre said that it was mainly affected by high energy and food prices. Fuel price is still high even though it has been reduced after crude oil price went down.

Apart from the energy and food prices, core inflation in July increased to 2.99, from 2.51 in the previous month.

It reflects that the transfer of the price burden to consumers is likely to increase even though fuel price and headline inflation were down, the centre said.

However, the pressure from domestic inflation is still high, so the MPC might focus on risks from inflation as it will affect consumers’ purchasing power, especially vulnerable groups who have low income.

The centre said that the policy interest rate increase might not be able to solve the problem directly, as increase in inflation was due to supply factors. However, it will build trust among consumers as they will believe that the committee will prevent the inflation rate from increasing in the future.

If the policy interest rate stays low for too long, inflation might continue to increase gradually.

Several sectors might believe that the inflation rate will stay for a long period and set a price or request a wage according to their estimation, which will cause inflation to gradually increase as estimated.

Moreover, if the inflation rate is higher but the interest rate stays at the same level, the actual borrowing cost might reduce, which is similar to enforcing a loose monetary policy and economic accelerator.

Meanwhile, the centre expected that the Thai economy will recover continuously from the tourism sector, so it will be less necessary to use a loose monetary policy.

The centre added that the number of foreign tourists had increased significantly since the government eased its entry policy.

More than one million tourists entered Thailand in July, taking the number of tourists in the first seven months of 2022 to around 3 million.

It will generate revenue and employment in Thailand even though domestic demand was pressured by inflation, but it is likely to recover continuously because economic activities have been resumed after concerns about the pandemic reduced.

The economic momentum from monetary policy is less necessary and might lead to the MPC tightening its monetary policy.

The centre expected the MPC to gradually increase the policy interest rate at other meetings this year, taking the rate to around 1 to 1.25 per cent at the end of this year.

It advised monitoring the economic recovery and the inflation rate in the future. If the inflation rate is still high while the economy recovers greatly due to the tourism sector, the MPC might hike the policy interest rate at other meetings this year.

However, the Thai economy could face risk factors from the global economy that is likely to slow down, especially the US and China economies. They could affect Thai exports and the tourism sector, the centre said.

Meanwhile, world inflation might start to fall as demand is slowing down.

The centre added that the US economy might face a recession which will affect Americans’ spending and employment significantly.

It was also possible that US inflation might reduce in the future, which will make the US Federal Reserve stop increasing the interest rate in the first quarter of 2023.

The centre said the Thai policy interest rate is still low and is significantly different when compared to the Fed’s rate.

Therefore, the direction of Thailand’s policy interest rate is aligned to the direction of Thai economic recovery, inflation, and international stability amid increasing geopolitical tensions.

Published : August 08, 2022

By : THE NATION

Thailand to import 10,500 tonnes of shrimp as domestic yield sinks

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Thailand will import over 10,500 tonnes of sea shrimps this year to ease a shortage at processing plants. The move was announced on Monday at the first meeting of the shrimp board, chaired by Fisheries Department chief Chalermchai Suwannarak.

Thailand to import 10,500 tonnes of shrimp as domestic yield sinks

The new board has 21 members representing the government as well as shrimp farmers and processors.

Chalermchai said the board’s main goal is to help farmers by stabilising the price of Pacific white shrimp. But since domestic production cannot meet demand from processors for export, the board decided to allow 10,501 tonnes of shrimp to be imported from Ecuador and India this year, he added.

About 42 tonnes of shrimp have been imported since the Fisheries Dept approved shipments on June 10.

Chalermchai said the imports would not affect the price of Pacific white shrimp raised by Thai farmers but would only fill the gap in demand.Thailand to import 10,500 tonnes of shrimp as domestic yield sinks

The board has targeted domestic production of 320,000 tonnes of white shrimp this year, rising to 400,000 tonnes next year.

The board would also help sea shrimp farmers in 35 provinces increase quality and quantity of their produce by offering mobile clinics and hotlines to counsel farmers about shrimp diseases. Outbreaks would be dealt with quickly by the mobile clinics, the fisheries chief added.

This year, Thailand has produced 138,733 tonnes of shrimp up to the end of July – 129,100 tonnes of Pacific white shrimp and 9,632 tonnes of black tiger prawns, Chalermchai said.

Thailand to import 10,500 tonnes of shrimp as domestic yield sinksPanisuan Chamnarnwej, president of the Thai Frozen Foods Association, said importing shrimp was necessary to save the frozen food industry because domestic production has almost halved from 500,000 tonnes per year to 270,000 tonnes per year.

He said his association members would focus on processing shrimps for export so their imports would not affect domestic shrimp prices.

The association was also working closely with the Fisheries Dept to prevent imported shrimps spreading diseases to local farms.

Thailand to import 10,500 tonnes of shrimp as domestic yield sinksThailand now has about 30,000 shrimp farms covering 600,000 rai of land, according to the Federation of Thai Aquaculture. However, it confirms that production has dropped to 250,000-350,000 tonnes per year due to persistent outbreaks of early mortality syndrome (EMS).

Published : August 08, 2022

By : THE NATION

Top Five Gifts on Moms’ Wish List 

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Grab, Southeast Asia’s leading super-app reveals the top five gifts on modern moms’ wish list, surveyed among Grab users on its social media channels.

Top Five Gifts on Moms' Wish List 

To celebrate this Mother’s Day, Grab launches the “Wrapped With Love for Moms with GrabMart” campaign, partnering with leading brands and small merchants to offer a wide variety of products, valuable deals, and promotions for all shopper moms throughout August to reaffirm its position as a leading Quick Commerce service provider that fulfils the users’ needs in every moment.

Chantsuda Thananitayaudom, Head of Marketing, Partnerships and GrabMart, Grab Thailand said, “Mother’s Day is a special moment for Thai people and a meaningful occasion for children to express their love and gratitude for their beloved moms with heart-warming gifts “

According to the survey on modern moms, the top five products on the wish list for Mother’s Day are health supplements and vitamins (45%), cosmetics (18%), gift hampers (17%), flower bouquets and garlands (12%), and mom and baby products (8%).

Grab’s users survey 400 modern moms on Grab social media channels in July 2022

” Leveraging on these insights, this year, Grab is launching the “Wrapped With Love for Moms with GrabMart” campaign to help our users with inspirations and ideas for gifts that moms will truly love. It is also our efforts to underline GrabMart’s strengths in offering a wide variety of products and the ability to fulfil users’ needs at every moment,” Chantsuda added.

Top Five Gifts on Moms' Wish List 

Under the “Wrapped With Love for Moms with GrabMart” campaign, Grab is partnering with leading brands and small merchants nationwide to offer more selections for users by expanding product lines and creating exclusive gift sets across the five products categories, particularly in the health & beauty category.

Published : August 08, 2022

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

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Talented chefs lovingly recreate forgotten dishes from a bygone era at hotels and resorts across the kingdom, including childhood favorites and ancient royal recipes.

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

Marriott Bonvoy is reviving Thailand’s time-honored culinary traditions with its new “Lost Recipes” series, which showcases a selection of highly authentic ancient dishes from all four corners of the kingdom.

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

Guests and diners at many of Marriott Bonvoy’s portfolio of properties across Thailand, from the tropical shores of the south to the lush mountains of the north, can now savor long-lost recipes that have been reinvented by the hotels’ talented local chefs. Whether they are rediscovering the flavors of childhood or resurrecting menu items that once graced Thailand’s royal palaces, each Lost Recipe has been lovingly reimagined for the 21st Century using the finest local and seasonal ingredients.

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

Each chef has strived to use classical cooking methods combined with contemporary techniques to rekindle these exquisite dishes. From today until September 2022, 20 Marriott hotels and resorts in Thailand will offer at least one Lost Recipe at their restaurants.

Diners in Bangkok will be able to savor “Gaeng Rawang Neua”, an aromatic beef and turmeric curry at Bangkok Marriott Marquis Queen’s Park, and “Pla Haeng Tang Mo” an ancient appetizer of dried fish with watermelon at Renaissance Bangkok Ratchaprasong Hotel, while guests at Four Points by Sheraton Phuket Patong Beach Resort can choose to try “Gaeng Pae”, an authentic dish of slow-cooked goat with spices, and visitors to Sheraton Samui Resort  can savor “Mee See Chompu”, a vibrant bowl of pink noodles that was often found at temple fairs.

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

Hua Hin Marriott Resort & Spa has rediscovered “Aok Kai”, Isaan-style roasted chicken with Thai herbs, while Sheraton Hua Hin Resort & Spa has recreated “Khao Yum”, a one-dish meal of steamed rice, pomelo, dried shrimp and coconut, and Courtyard by Marriott North Pattaya is serving “Rice Field Crab Larb”, a unique rural recipe made using crabs found in paddy fields. It is not only Thai food on the menu, however; Le Méridien Chiang Mai is reviving the timeless Italian dish of “Le Polpette del Contadino”, which was often served in Sicily on special occasions. 

This is just a small selection of the many Lost Recipes that are now ready to delight diners at Marriott’s hotels and resorts in Thailand. For the full list of participating properties, please see below.

For more information and to relive the rich culinary traditions of Thailand with Marriott Bonvoy, please CLICK HERE.

To learn more about Marriott International, please visit www.marriott.com. 
 

Marriott Bonvoy Revives the Timeless Traditions of Thai Cuisine with “Lost Recipes”

The full list of participating hotels and restaurants is as follows:

1.    JW Marriott Khao Lak Resort & Spa – Takrai Restaurant
2.    Sheraton Samui Resort – Long Talay 
3.    Sheraton Hua Hin Resort & Spa – Luna Lanai
4.    Hua Hin Marriott Resort & Spa – Amber Kitchen
5.    Sheraton Hua Hin Pranburi Villas – Luna Lapran
6.    Courtyard by Marriott Bangkok – MoMo Café 
7.    Courtyard by Marriott Phuket Town – Krua Talad Yai
8.    Renaissance Bangkok Ratchaprasong Hotel – Flavors
9.    Marriott Executive Apartments Sukhumvit Park – Bistro M
10.    Le Méridien Chiang Mai – Favola
11.    Bangkok Marriott Hotel Sukhumvit – 57th Street
12.    The Westin Grande Sukhumvit, Bangkok – Seasonal Tastes 
13.    W Bangkok – Paii 
14.    Four Points by Sheraton Phuket Patong Beach – Sears & Co.
15.    Bangkok Marriott Hotel The Surawongse – Praya Kitchen & Yào Restaurant
16.    The St. Regis Bangkok – VIU Restaurant
17.    Courtyard by Marriott North Pattaya – Café 22
18.    Rayong Marriott Resort & Spa – Fish Bar
19.    JW Marriott Hotel Bangkok – JW Café
20.    Bangkok Marriott Marquis Queen’s Park – Siam Tea Room
 

Published : August 08, 2022

By : THE NATION

BAM promotes E-Commerce markets with 50% discount, free transfer fees

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https://www.nationthailand.com/business/40018611

Bangkok Commercial Asset Management Public Company Limited (BAM) selects over 2,000 properties nationwide for sale at special prices.

BAM promotes E-Commerce markets with 50% discount, free transfer fees

Bundit Anantamongkol, BAM Chief Executive Officer said that in the second half of 2022, BAM continued to focus on E-Commerce marketing strategies.

In response to today’s digital lifestyle, BAM has organized the campaign “BAM NPA in Online Marketplaces” that selects all types of special properties, such as houses, land, condos, townhouses, commercial buildings, and investment properties over 2,000 items nationwide for its customers to choose. 

Customers, who intend to buy all special price assets that do not exceed 1 million baht during the event, can be purchased in instalments with BAM, Bundit added.

In the case of buying in cash, buyers will receive an additional discount of 20,000 baht.

And all customers, who purchase residential properties and transfer ownership within 30 days, will be exempted from transfer fees of up to 900,000 baht per item under the “Fast Transfer, Get It” promotion, and will receive a gift voucher worth up to 100,000 baht Bundit said.

He added that buyers will also receive wireless CCTV cameras when purchasing properties from online platforms, including dotproperty,  ddproperty, Baania, Kaidee, LivingInsider, baanfinder, terrabkk, Line Shopping and ThailandPostMart website. But the gifts will not be applied to purchase in instalments.

BAM promotes E-Commerce markets with 50% discount, free transfer fees

Customers, who buy properties with an approved selling price of not more than 3 million baht, can apply for an instalment plan with BAM with a 0% interest rate for 12 months, after which the interest rate will be charged at MLR BAM rate throughout the contract period.

BAM also organizes special promotions for investors. If they buy two units in cash or more, they will get a special discount and gift vouchers up to 50,000 baht.

Bundit said the interest rate of MLR BAM will be applied for buying in instalments of not exceeding six months for two to three units.

Those who buy four units or more will also get the MLR BAM rate if they are in instalments of no more than nine months.

Customers, who book up for properties online on the website http://www.bam.co.th, will receive a voucher worth up to 20,000 baht and those, who purchase a BAM E-voucher worth 100 baht via shopee, will receive a discount code worth up to 20,000 baht.

Interested customers can ask for more information at Call Center 02-6300-700 or http://www.bam.co.th or Social Media: BAM Thailand.

Published : August 07, 2022