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https://www.nationthailand.com/business/40018358

EGAT has prepared five measures to deal with the Malaysian-Thai Joint Development Area (JDA-A18) natural gas supply cut due to annual maintenance during August 1-14, 2022 and ensured that there will be no effects on electricity users of the South.

Cooperation from all sectors in the South to save electricity between 6.00-9.30 p.m. is also requested.

Kitti Petchsanthad, Deputy Governor – Transmission System of the Electricity Generating Authority of Thailand (EGAT) revealed that the Malaysian-Thai Joint Development Area (JDA-A18) of PTT Public Company Limited (PTT) is scheduled for its annual maintenance from August 1-14, 2022, totalling 14 days, resulting in disruption of natural gas supply to Chana Power Plant in Songkhla Province, which is an important source of power generation of the South.

EGAT has prepared for the supply cut by ordering Chana Power Plant to replace natural gas with diesel oil for power generation and implementing five measures to ensure no overall effects on electricity users as follows:

•    Fuel: Reserving sufficient diesel oil to operate Chana Power Plant during the supply cut as well as having a back-up plan if the operation is behind schedul

•    Generation: Preparing Chana Power Plant to use diesel oil while coordinating with other power plants in the South, namely Khanom Power Plant and Krabi Power Plant; renewable power plants, namely Rajjaprabha Dam, Bang Lang Dam, and Ban Santi Hydropower Plant; and Small Power Producers (SPPs) to operate at full capacity with the total generating capacity of 2,914 MW (sufficient for the 2,500-MW forecasted peak demand of the South), as well as planning to receive power from Malaysia immediately in case of emergency

•    Transmission: Supplying additional power of 800-1,100 MW from the Central via the 500 kV Bang Saphan 2 – Surat Thani 2 – Phuket 3 Transmission Lines, checking the transmission lines and important equipment, and halting maintenance that will affect power system security

•    Personnel: Arranging a team to monitor the situation closely 24/7 and to coordinate with related agencies in case of emergency

•    Electricity users: Requesting cooperation from the business sector, industrial sector, and the public to save electricity from August 1-14, 2022, especially between 6.00-9.30 p.m., which is during peak demand

“EGAT has prepared measures to fully handle the JDA-A18 natural gas supply cut and will monitor the situation closely to resolve emergency situations immediately. The public can be confident that the power system of the South will be secure and sufficient, and there will be no effects on their daily lives,” Kitti Petchsanthad added.

Published : July 31, 2022

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https://www.nationthailand.com/business/40018326

BTS Group Holdings Public Company Limited or BTS Group recently organised the Annual General Meeting of Shareholders 2022 on July 25, 2022, at the Bangkok Convention Center, 5th floor, Central Plaza Ladprao.

Pictured here, Mr. Keeree Kanjanapas (center), Chairman of the Executive Officer and Chairman of the Sustainability Committee; Mr. Kavin Kanjanapas (left), Chief Executive Officer and Chief Officer of MATCH Business; and Mr. Surapong Laoha-Unya (right), Executive Director and Chief Officer of MOVE Business.

The Meeting of Shareholders has approved the final dividend payment for the fiscal year ended March 31, 2022 at the rate of Baht 0.16 per share (16 Satang per share) to the shareholders of the Company appearing in the shareholders’ register book on the record date of  August 4, 2022, where the names of the shareholders are entitled to receive the dividend payments are determined and the dividend payment date is set on August 23, 2022.

Previously, the interim dividend payment had been paid to the Company shareholders on February 24, 2022 at the rate of Baht 0.15 per share (15 Satang per share), from the total dividend payment at the rate of Baht 0.31 per share (31 Satang per share) or equivalent to the total dividend payment in the amount of approximately Baht 4,081.4 million from the net profit and unappropriated retained earnings.

BTS Group is a multi-industry conglomerate that operates sustainable business through participation within communities and society development with awareness of environmental stewardship. It is the first and only rail mass transit company to be certified as carbon neutral. The Company’s operational standard has been certified and awarded in various categories both domestically and internationally. The Company has been listed in the Dow Jones Sustainability Indices (DJSI), in the Emerging Markets indices for 4 consecutive years and is ranked first globally in the Transportation and Transportation Infrastructure for 2 consecutive years. Moreover, BTS Group has also been listed in the S&P Global Sustainability Yearbook 2022 with the Gold Class distinction in the Transportation and Transportation Infrastructure Sector, of which only 75 companies were selected as Gold Class among 7,500 companies worldwide. We are renowned as the world’s most sustainable transportation company.

Published : July 30, 2022

By : THE NATION

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https://www.nationthailand.com/business/40018324

BTS Group strives to improve the quality of life and well-being of people through the integration of core businesses. The Group has developed and created an innovative ‘3M strategy’ comprising MOVE, MIX, and MATCH, leading to unlimited business growth.

https://drive.google.com/file/d/1JZ5RCRHLDDWpkOPXlUeAnCIDxnJ2awND/preview

Published : July 30, 2022

By : THE NATION

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https://www.nationthailand.com/business/40018309

PTT Exploration and Production Public Company Limited (PTTEP) received bronze award in the category of “Succession Planning Strategy” from the Employee Experience Award 2022, Singapore.

The Award is for efficient transformation of Succession Planning Strategy that recognized PTTEP’s strong commitment and continuous development of human resources readiness to support sustainable business operations.

The award ceremony was organized by Human Resources Online, a human resource media in Asia.

Published : July 29, 2022

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https://www.nationthailand.com/business/40018275

Toyota Motor Thailand (TMT) has enjoyed a 24.4 per cent growth in car exports in the first half of this year. As many as 179,730 vehicles were shipped overseas, thanks mainly to the weaker baht, TMT president Noriaki Yamashita said.

The company aimed to export 380,000 Toyota cars this year, up 29.8 per cent from last year.

He attributed the increase to economic recovery in purchasing countries, which have revived demand for new vehicles.

Market analysts also pointed to the weaker baht, which traded at over 36 baht per US dollar on Thursday.

TMT is expected to manufacture a total of 659,400 cars this year, a 28.3 per cent increase from last year, according to Yamashita. The figure was revised upwards from 647,000 when he held a press conference early this year.

“Due to the government’s economic stimulus measures, the Thai economy is expected to recover in the latter half of the year,” he said.

The TMT president predicted a total output of 880,000 from all car manufacturers in Thailand this year, a 16 per cent hike from last year.

Toyota alone aims to sell 290,000 cars this year, up 21 per cent from last year, according to Yamashita.

That represents a 33 per cent share of the Thai market. The figure was increased from the original target of 284,000.

In the first six months of the year, a total of 870,109 vehicles were manufactured in Thailand, a 3.02 per cent increase from the same period last year, according to Surapong Paisitpattanapong, vice chairman and spokesman for the Federation of Thai Industries’ automotive industry division.

He said 442,578 of them, or 51 per cent of the output, were exported. That was a decline of 8.98 per cent from the same period last year.

Total exports of cars, motorcycles and parts were worth 442 billion baht in the first six months, down 1.31 per cent from the same period last year, according to Surapong.

Published : July 28, 2022

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https://www.nationthailand.com/business/40018269

OR to invest in Traveloka, a travel and lifestyle services platform, and expand its business into travel sector and strengthen OR’s lifestyle business

PTT Oil and Retail Business Public Company Limited (“OR”) will invest in Traveloka, Southeast Asia’s lifestyle superapp and a leading online platform for travel and local services in Southeast Asia, through its subsidiary, PTTOR International Holdings (Singapore) Pte. Ltd. (“SGHoldCo”). This is a major step for OR to expand into the travel sector and strive to become a one-stop solution for all lifestyles.

Jiraphon Kawswat, President and Chief Executive Officer of OR hosted a signing ceremony of the Collaboration Agreement between OR and Traveloka on July 26, 2022, where Ferry Unardi, Co-Founder and CEO of Traveloka was also present.

According to Kawswat, the travel sector is an area of focus for OR as tourism is one of the major economic contributors to the Thai economy. The tourism sector employs a large portion of the Thai population and many Thai SMEs are also reliant on this segment. The travel sector in Thailand and Southeast Asia has enjoyed high growth rates prior to the COVID-19 pandemic and is expected to rebound quickly following the easing of travel restrictions and the recovery in travel demand.

Collaborations between OR and Traveloka will provide additional lifestyle solutions to OR customers in line with OR’s strategy to become a one-stop solution for all lifestyles.

This collaboration will also provide growth opportunities to both OR and Traveloka in domestic and international markets in accordance with OR’s strategy to focus on Outside-In Growth, as both OR and Traveloka seek new investment opportunities together with partners to provide more solutions to address customers’ needs.

In addition, this will also create new opportunities for Thai SMEs and Thai individuals in the travel sector to grow together with OR. 

“OR foresees many opportunities and possibilities that we can realize from this collaboration. Not only can this partnership provide new opportunities to OR in the travel sector, it can also provide additional venues for OR’s existing partners and business alliances to grow together with OR and to deliver greater offerings and experiences to OR customers. Given Traveloka’s position as a leading online platform for travel and local services in Southeast Asia and its strong technology capabilities, I believe there is a range of areas OR can explore together with Traveloka to further enhance our tech capabilities”, said Kawswat.

This collaboration is also a positive step in furthering Traveloka’s mission of fulfilling the aspirations of its users and allowing its merchant-partners to thrive.

“We see immense value from the collaboration as we see the region growing at a rapid pace, leading to greater opportunities in the industry. We are excited to work with OR, with its expertise in creating great businesses with a customer-focused approach, to capture the demand and provide enhanced solutions to our customers, while also creating new opportunities for our merchant-partners in Thailand and the region”, Mr Unardi says.

Published : July 28, 2022

By : THE NATION