Thai SMEs warned of fallout from Russia-Ukraine war

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013448


Small and medium-sized enterprises should prepare to face the negative impact from the ongoing Russia-Ukraine war, the SMEs Promotion Office saidj on Wednesday.

Thai SMEs warned of fallout from Russia-Ukraine war

Veerapong Malai, director of the office, said the war has already affected the global economy and Thailand’s economy would not be able to avoid the impact because Russia is a key trading partner and a lot of Russian tourists visited the Kingdom earlier.

Veerapong said Russia also served as a gateway for Thai exporters to reach markets in Eurasia.

He advised 565 SMEs, which exported to the two countries, to prepare contingency plans to cope with the situation.

The war has already increased the costs for SMEs due to the rising prices of oil and raw materials for making animal feed, Veerapong added.

Regarding Thailand-Russia trade relations, he said Thailand has been suffering a trade deficit, Veerapong said.

In 2021, Thailand’s exports to Russia were worth US$1.028 billion. The exported goods were mostly vehicles, auto parts, rubber products, tyres, machines, electric appliances and plastic products.

Of the total value, exports by SMEs accounted for US$146.8 million, up 83.2 per cent from the previous year. Of the total 906 exporters, who exported to Russia last year, 442 were SMEs whose export products included jewellery, artificial jewellery, fresh and processed fruits and communications equipment, Veerapong said.

He said Thailand’s imports from Russia were valued at US$1.752 billion, mostly crude oil, steel, fertilizers, and aluminium.

He added that Russia was also a key tourism market for Thailand with some 1.4 million Russians visiting the Kingdom before the Covid-19 pandemic, generating an income of Bt102.89 billion.

Thailand also had a trade deficit with Ukraine, with exports of $134.8 million lagging imports of $251.7 million last year.

Export products included vehicles, auto parts, rubber products, tyres, fruit, vegetables, processed meat and fish.

Veerapong said out of 322 exporters to Ukraine, 123 SMEs accounted for US$15.1 million, a growth of 30.6 per cent year on year. The exports by SMEs included vegetables, processed fruit, rice, cereals, jewellery and artificial jewellery.

Published : March 16, 2022

By : THE NATION

CP Foods thanks PM as it resumes chicken exports to Saudi Arabia

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013423


Charoen Pokphand Foods Plc (CP Foods) has expressed its thanks to Prime Minister Prayut Chan-o-cha, ministers and related agencies for their efforts in reviving relations with Saudi Arabia, which have paved the way for the opening up of a major export market for Thailand.

CP Foods thanks PM as it resumes chicken exports to Saudi Arabia

Charoen Pokphand Foods Plc (CP Foods) has expressed its thanks to Prime Minister Prayut Chan-o-cha, ministers and related agencies for their efforts in reviving relations with Saudi Arabia, which have paved the way for the opening up of a major export market for Thailand.

CP Foods received the good news that its five chicken processing plants are among 11 Thai factories that have been certified by the Saudi Food & Drug Authority (SFDA).

The SFDA recently announced on its website that it would allow import of poultry from 11 producers in Thailand after checking their chicken quality and whether they are manufactured strictly to international halal standards.

CP Foods Chief Executive Officer Prasit Boondoungprasert said that the Saudi Arabia government has lifted the import ban on Thai chicken, egg, as well as chilled and frozen fresh chicken products, which had been in force since 2004.

CP Foods thanks PM as it resumes chicken exports to Saudi Arabia

He said the SFDA certification helps convince Saudi people, as well as other importing countries that CP Foods’ quality meat and products are derived from international standard processing lines through halal restrictions and a quality control system that ensures traceability.

“We would like to give this special thanks to Prime Minister Prayut Chan-o-cha, Commerce Minister Jurin Laksanawisit, Agriculture Minister Chalermchai Sree-on and all government agencies for their efforts to work hard and negotiate with Saudi officials and closely monitor the outcome,” he said.

“This success has allowed Thailand to revive export of chicken to Saudi Arabia, which imports about 590,000 tons of chicken, offering a great opportunity to Thai exporters,” Prasit added.

CP Foods thanks PM as it resumes chicken exports to Saudi Arabia

CP Foods’ Minburi Slaughterhouse, Minburi Chicken Processing Plant I, Minburi Chicken Processing Plant II, Saraburi Slaughterhouse Plant and the Saraburi Chicken Processing Plant have been certified by the SFDA. The Saudi agency had inspected the company’s operations since 2019.

Saudi Arabia is a high potential market with a population of 35.6 million people and offers opportunities within the Gulf Cooperation Council of six Arab states. Also, Saudi Arabia is the country with the highest share of food imports at 52.7 per cent. Saudis on average consume 45 kg of chicken meat per person per year, for a total annual demand of 1.5 million tons.

Previously, CP Foods was the largest Thai chicken exporter to Saudi Arabia. The company’s first export batch will be shipped to Riyadh this month.

CP Foods thanks PM as it resumes chicken exports to Saudi Arabia

CP Foods is committed to quality chicken meat production that meets internationally recognised standards. All the company’s slaughterhouses and processing plants are certified standards such as GMP, HACCP, ISO 9001, etc, Prasit said.

More importantly, the company has a special production process that meets Islamic standards, such as using Muslim staff for slaughtering chicken, and all ingredients are halal.

CP Foods’ chicken products have been trusted by customers around the world. The company’s key export destinations are high-quality markets including Japan, the United Kingdom, and the European Union.

Published : March 15, 2022

Theatres the biggest gainers, as ad spending in media sees slight drop

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013419


Advertisement spending in Thailand for the first two months amounted to Bt16.871 billion, a 0.36 per cent drop, Nielsen Holdings Inc said.

Theatres the biggest gainers, as ad spending in media sees slight drop

Nielsen said ad spending in February was valued at Bt8.517 million, a slight increase of 0.58 per cent compared to the same month last year.

But when the ad spending of January and February were added up to Bt16.871 billion, the value dropped 0.36 per cent year on year.

Nielsen said although television saw a contraction in advertising revenue year on year, it was still the media that received the highest portion of money, securing about 55 per cent of overall spending.

The company said ad spending on television for the first two months was Bt9.324 billion, a 4.25 per cent drop.

Spending on other media, according to Nielsen, included:

➣ Bt1.548 billion on outdoor and mobile media (-1.09 per cent)

➣ Bt444 million on radio media (-0.67 per cent)

➣ Bt419 million on print media (-16.53 per cent)

Nielsen said movie theatres saw the biggest growth in ad revenue with Bt1.114 billion being spent on ads in theatres, up 66.27 per cent.

Department stores also received revenue of Bt111 million during the first two months, an increase of 12.12 per cent.

Nielsen added that another Bt3.911 billion was spent for advertisements on internet-based media, but the Digital Advertising Association (Thailand) has yet to announce the rate of growth of this group.

Nielsen said cosmetics and personal care products were the biggest spenders with Bt2.393 billion on advertising, an increase of 8 per cent.

It was followed by media and marketing group that spent Bt981 million, up by 30 per cent. The state sector came third with Bt509 million spent, an increase of 35 per cent.

The product groups that spent less for ads during the first two months included vehicles (Bt944 million, -15 per cent), foods and beverages (Bt2.718 billion, -8 per cent) and retailers and restaurants (Bt1.775 billion, -7 per cent).

Nielsen noted that some giant consumer goods distributors spent less for ads while others spent more during the period.

Those who spent less on ads during the first two months included Nestle Thailand (Bt488 million, down 21 per cent), Unilever Thai Trading (Bt392 million, down 47 per cent), and Toyota Motors Thailand (Bt229 million, slightly lower).

Those who spent more on ads during the first two months included Procter and Gamble Thailand (Bt443 million, up 7 per cent), Mono Shopping (Bt361 million, up 9.72 per cent), and Tri Petch Isuzu Sales (Bt229 million, up 45.85 per cent).

Published : March 15, 2022

By : THE NATION

Homebuilders set to raise construction fees 5-8%

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013441


Homebuilders are planning to adjust construction fees up 5-8 per cent in April following a rise in the prices of fuel and some raw materials due to the war in Ukraine, the Home Builder Association (HBA) announced on Tuesday.

Homebuilders set to raise construction fees 5-8%

“Homebuilders are shouldering the rising cost of raw materials, especially steel rods, which are now over 50 per cent more expensive than last year,” said HBA president Worawut Kanjanakul.

“The other factors spurring the adjustment include rising labour costs, inflation and the interest rate, which will affect buyers’ decisions.”

Worawut said the association was following the situation closely, especially the government’s policy to raise the minimum wage to 492 baht per day.

“Currently some of the workers are paid more than that – 500-700 baht per day – but most of them are highly skilled labourers,” he pointed out. “Meanwhile, low-skilled workers are paid 331 baht per day on average. Should this go up following the government’s policy, the labour cost of homebuilding will skyrocket, as highly skilled labourers will also need to be given increased wages,” he said.

“Furthermore, some businesses have already reported labour shortages as foreign countries are now hiring Thai workers to substitute local workers after easing up restrictions on foreign arrivals,” Worawut added.

The HBA has organised its Home Building and Materials Focus 2022 event from March 30 to April 3 at Impact Muang Thong Thani to showcase innovations in homebuilding and attract potential customers.

The association expects to see at least 2.1 billion baht worth of contracts being signed at the fair.

The homebuilding industry in Bangkok and surrounding provinces has meanwhile set a target of 11.5 billion baht for the 2022.

Published : March 16, 2022

By : THE NATION

SET Index expected to fluctuate as investors watch key Fed meeting

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013434


The Stock Exchange of Thailand (SET) Index is expected to fluctuate between 1,635 and 1,655 points on Wednesday as investors await the results of a key US Federal Reserve meeting and peace talks between Russia and Ukraine, Krungsri Securities said.

SET Index expected to fluctuate as investors watch key Fed meeting

It expected the Fed to raise the interest rate by 0.25 per cent to tackle inflation.

Meanwhile, a sharp fall in the oil price and China’s move to lock down Shenzhen to curb Covid-19 for a week would pressure the index, Krungsri Securities said.

It recommends purchase of the following as an investment strategy:

• KBank, BBL, TTB, KTB and BLA, which would benefit from a rising US bond yield and news of a US interest rate hike.

• GSPC, BGrim, SCGP, Gulf and EPG, which would gain from the falling oil price.

• BCH, CHG, BDMS, BH, Advanc and Intuch, which are defensive stocks.

The SET Index closed at 1,644.36 on Tuesday, down 15.79 points or 0.95 per cent. Transactions totalled 82.50 billion baht with an index high of 1,663.32 and a low of 1,639.90.

Published : March 16, 2022

By : THE NATION

Baht not expected to weaken much as investors await Fed meeting results

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013432


The baht opened at 33.52 to the US dollar on Wednesday, unchanged from Tuesday’s closing rate.

Baht not expected to weaken much as investors await Fed meeting results

Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.45 and 33.65 during the day.

Poon said investors were awaiting the results of a key US Federal Reserve meeting, so the baht might swing sideways in a wide range.

He believes investors already have an inkling what the Fed’s monetary policies would be and any interest rate increase will not pressure the baht to weaken much. However, the Thai currency might be pressured in the short term by an uneven Chinese economic recovery, affected by the spreading Omicron variant, which in turn would affect Thai economy recovery, especially exports and tourism.

Furthermore, he said, sales continue of Chinese risk assets so investors might decrease their possession of assets in EM Asia.

As for the Ukraine-Russia conflict, Poon said, market worries have actually eased as the situation has not worsened. Thai assets are not seeing increasing sales so the baht will not be pressured to weaken much.

Poon said the baht’s resistance level was 33.50 to 33.60, which would see exporters selling the dollar. Meanwhile the key support level was 33.20, in which importers would buy dollars.

Published : March 16, 2022

By : THE NATION

King Wai Asset launches new feeder fund in Smart Energy stocks

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013410


King Wai Asset Management (Asia) or KWI has announced the launch of the KWI Smart Energy Equities FIF (KWI SENERGY), which invests in selective Smart Energy stocks through RobecoSAM Smart Energy Equities.

King Wai Asset launches new feeder fund in Smart Energy stocks

King Wai Asset Management (Asia) or KWI has announced the launch of the KWI Smart Energy Equities FIF (KWI SENERGY), which invests in selective Smart Energy stocks through RobecoSAM Smart Energy Equities.

“KWI strives for strong and sustainable growth, and this principle is integrated into our clients’ investing solutions, allowing them to have a long-term continuous investment that meets their financial and sustainability goals. Among all thematic and sustainable investment strategies, we see the Smart Energy theme has enormous growth potential, driven by the need to transition to a net-zero carbon world,” said Sumetha Lewchalermwong, KWI’s managing director and chief investment officer.

“Globally, over US$4 trillion a year is being planned for investment in clean energy and smart technology to combat climate change. Also, the Russia-Ukraine tensions will likely lead to more investment towards clean and smart energy as Europe is looking to reduce its reliance on Russian energy sources and shift to alternatives. This future of energy transition will benefit Smart Energy related sectors such as renewable power generation, smart grids and energy efficiency solutions that offer investors a compelling investment opportunity and potential returns.

King Wai Asset launches new feeder fund in Smart Energy stocks“With that, we are launching our first KWI Smart Energy Equities FIF [KWI SENERGY], a feeder fund that invests in Robeco Capital Growth Funds – RobecoSAM Smart Energy Equities Class I USD [the master fund]. We believe RobecoSAM Smart Energy is the best choice from a pool of clean and smart energy funds among the world’s leading investment managers based on its consistently outstanding performance and quality investment process with ESG integration,” Sumetha said.

King Wai Asset launches new feeder fund in Smart Energy stocks

RobecoSAM Smart Energy Equities is based in Luxembourg and has won a 5-star rating from Morningstar and is classified as an Article 9 product under EU’s Sustainable Finance Disclosure Regulation (SFDR) that signifies a fund with a sustainable investment objective. This fund invests in 40 to 80 quality stocks globally with strong fundamentals and compelling valuations that have good long-term growth prospects selected by the robust and disciplined process. It diversifies in four key investment scopes across the entire Smart Energy value chain in the transition to a low-carbon future world, including Renewable Energies, Energy Distribution, Energy Management and Energy Efficiency.

“This is the first time that RobecoSAM Smart Energy Equities will be offered in Thailand as a feeder fund for your investment in global Smart Energy stocks through our KWI SENERGY. Robeco is a leading Netherlands-based investment firm that has been at the forefront of quantitative and sustainable investing and routinely integrates environmental, social, and governance factors into the entire range of strategies as standard,” Sumetha added.

King Wai Asset launches new feeder fund in Smart Energy stocks

RobecoSAM Smart Energy Equities Class I USD has consistently outperformed its benchmark with a 3-year annualised return (2019-2021) of 39.05 per cent, compared with the benchmark’s return of 21.70 per cent per annum and a five-year annualised return (2017-2021) of 25.11 per cent, compared with the benchmark’s return of 15.03 per cent per year over the same period.

KWI SENERGY offers two share classes, A-class (capital appreciation) and SSF-class (Super Savings Fund) for tax deduction. The initial public offering (IPO) will run from March 21 to 29.

King Wai Asset launches new feeder fund in Smart Energy stocksFor more information, contact King Wai Asset Management (Asia) Company Limited (www.kwiam.com) at (02) 844 0123 or add LINE Official Account @KWIAM or its distributors (www.kwiam.com/th/our-distributors).

Published : March 15, 2022

Harvard, TIJ team up for discourses on rule of law, policy-making workshop

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40013400


The Institute for Global Law and Policy (IGLP) at Harvard Law School is teaming up with the Thailand Institute of Justice (TIJ) to hold an international workshop on the Rule of Law in Policy Making and Development Discourses.

Harvard, TIJ team up for discourses on rule of law, policy-making workshop

The Institute for Global Law and Policy (IGLP) at Harvard Law School is teaming up with the Thailand Institute of Justice (TIJ) to hold an international workshop on the Rule of Law in Policy Making and Development Discourses.

The workshop, which runs from April 20 to June 17, offers participants an opportunity to enhance their leadership skills through experience sharing. It will also offer a deeper understanding of how and why the rule of law is essential for sustained and inclusive economic growth, human rights protection, and sustainable development.

The international workshop, co-designed by IGLP and TIJ, reveals complex and dynamic links between the rule of law and policy-making processes in the economic, political, and social realms.

Those interested have until March 31 to apply via https://tijforum.org/application. More information is available at https://tijforum.org/.

Published : March 15, 2022

Singha Drinking Water embraces Doraemon in celebration of ‘long-lasting bonds’

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013385

Singha Drinking Water has unveiled its all-new “Our Friendship is Magic” label design featuring Doraemon, a timeless and beloved global icon of all ages, on the product label.

Singha Drinking Water embraces Doraemon in celebration of ‘long-lasting bonds’

Singha Drinking Water has unveiled its all-new “Our Friendship is Magic” label design featuring Doraemon, a timeless and beloved global icon of all ages, on the product label.

The Doraemon image will feature on the labels of the 330-millilitre, 600ml and 750ml drinking water bottles.

Titiporn Thammapimookkul, Chief Marketing Officer – Brand, of Boonrawd Trading Co Ltd explained that the company’s never-ending innovation and product development, along with their understanding of consumer needs and lifestyle, had driven new campaigns that constantly excited the market.

He added that Singha Drinking Water has built a strong customer base through trust in product quality and branding, making it the top drinking water brand among Thai consumers.

“After the success in collaborating with global partners and bringing iconic cartoon characters to our label, we aim to start the year off by working with a household name, a Japanese character who has captured billions of hearts of all ages and sexes – Doraemon – in ‘Our Friendship is Magic’ campaign with the message of long-lasting bonds,” Titiporn said.

The “Our Friendship is Magic” label collection featuring Doraemon comes in three sizes: 330ml (five colours), 600ml which comes in Full Wrap Bottle, and 750ml (12 designs), for all consumers’ needs and just in time for the summer season. Sales will start from Monday until supply lasts.

Additionally, consumers will be able to redeem even more premium gifts with Doraemon, like the Doraemon mini-fridge, the magic bag for everything, the magic umbrella, and cute mugs featuring Doraemon characters like Nobita, Shizuka, Giant, and Suneo. Please visit LINE @SinghaRewards and Singha Drinking Water Facebook page for more information.

Doraemon was created in 1969 and has since become a multi-generational icon by bringing happiness to people for over 50 years, just like Singha Drinking Water, who have been there with every family whenever they need a boost of hydration and happiness. Thus, the delight is multiplied when these two intersect.

Since its first collection in 2018, Singha Drinking Water has brought global cartoon icons like My Little Pony, the Micky Mouse Collection, which brought over 60 designs of Mickey Mouse and the alphabets for Thais to create their own happiness message, and partnering further with The Walt Disney (Thailand) in the Frozen Collection last year.

Singha Drinking Water dominates the market with an over-20.3 per cent market share from PET bottles, valued at around 28 billion baht and 2.94 million litres in volume. The launch of the new “Doraemon” collection is expected to boost sales by over 10 per cent.

Published : March 14, 2022

Sasin, SHARGE team up to ‘inspire, connect, transform’ for sustainability

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40013377


Sasin School of Management, together with SHARGE Management Co Ltd, have installed a charging station at the college to encourage the adoption of sustainable lifestyles through the use of electric vehicles (EV).

Sasin, SHARGE team up to ‘inspire, connect, transform’ for sustainability

“Sustainability and innovation are embedded in Sasin’s DNA. Electric vehicles will make a vital contribution to the sustainability of businesses and lifestyles in Thailand. We know from the experience of other countries that charging stations are the key to the adoption of EVs. These stations, bookable through an app, will not only serve members of the Sasin community but also be available for other users,” Sasin’s director Prof Ian Fenwick said.

“The world is in the midst of an undeniable climate crisis. Unless we transform the way we live our lives and the way we run our businesses, our children and our children’s children will grow up in a very unpleasant world. Not only will electric vehicles have a positive impact on the planet, but they will also usher in all sorts of associated lifestyle changes. Sasin is pleased to nurture the growing demand for EVs in Thailand and the government’s plans to develop the market for cleaner cars.

Sasin, SHARGE team up to ‘inspire, connect, transform’ for sustainability

“This year we are celebrating our 40th anniversary, these EV charging stations at Sasin are visible signs of our focus to ‘inspire.connect.transform for better, smarter, sustainable world’,” Fenwick added.

SHARGE’s managing director Peerapatr Sirichantaropart said: “We set up two high-speed chargers allowing two cars to charge at the same time. Our objective is to provide a charging service to the Sasin and Chula community and to the school’s visitors, to support modern, sustainable lifestyles.

Sasin, SHARGE team up to ‘inspire, connect, transform’ for sustainability

“Customers can book time in advance through the SHARGE app,” he said. “Upon arriving at the charging space, just scan the QR code to check-in and start charging. Customers can pay with debit/credit cards, and get points on their The 1 card. Soon, we will also accept digital tokens. Customers who haven’t yet installed the SHARGE app can also charge their EVs and make cashless payment on the spot.”

He added that SHARGE plans to have as many as 213 stations within 2022. It currently has more than 50 EV stations in the Bangkok CBD area, including at Central Embassy, Central Chidlom, the T77 project, Singha Complex, Bitec Bangna and True Digital Park.

Published : March 14, 2022