‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/perspective/40007592


Representatives from public and private sectors related to digital media got together to share their ideas on the virtual forum “Thailand Platform – A Pipe Dream or Reality” hosted by Spring News on Friday.

The event was organised in collaboration with the Digital Economy and Society (DES) Ministry’s Electronic Transactions Development Agency (ETDA) and the Digital Government Development Agency (DGA).

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

Pathom Intharodom, president of the Thai Digital Trade Association (TDTA) and director of Thailand’s Digital Council, said the Covid-19 outbreak has changed consumer behaviour and now Thais are spending more time on international digital platforms like Netflix and Spotify.

“Establishing the ‘Thailand Platform’ will promote the creation of local digital content that can compete with foreign alternatives,” he said. “The government should play the role of facilitator or regulator to ensure the private sector has what it needs and can compete fairly.”

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

Pawin Phurijitpanya, a film director with the GDH studio, added that promoting locally made films will not only add more content to the Thailand Platform but can also be distributed via big streaming services like Netflix or Disney Plus. He said this will help expose Thai films to global audiences.

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

“Content is key to attracting customers to a platform, not the subscription rate,” he said. “We must ensure that the content on Thailand Platform is of high quality that is constantly updated to keep audiences interested.”

Tharaphut Jaruwatthana, president of Media Agency Association, added that most OTT (over-the-top) platforms in Thailand have generated about 2 billion baht in advertising revenue scattered across several services.

“If we can combine these media into one centralised platform, then they can potentially generate up to 100 billion baht in advertising revenue yearly,” he said.

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

Meanwhile, Chaichana Mittraphan, president of ETDA, said that Thailand having its own digital platform will make the handling of regulations and complaints easier.

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

“More than 40,000 complaints are filed every year concerning digital platforms, but the ETDA cannot tackle all of them because most of these platforms do not have an office in Thailand and hence do not fall under Thai law,” he said. “ETDA is drafting a law to regulate all digital platforms available in Thailand, regardless of their country of origin, to ensure a fair competition between service providers.”

‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings‘Thailand Platform’ necessary to woo Thais back from foreign digital offerings

Lastly, DGA director Suphoj Thianwut said the agency has launched a mobile application “Tang Rat” (The State’s Path) as a portal for all government digital services to serve people’s needs in the new normal.

“Private entrepreneurs are welcome to join Tang Rat to integrate their services with those of government,” he said. “The DGA supports the idea of building a ‘Thailand Platform’ and believes the government must remove regulations that obstruct the private sector from joining the platform.

“The ‘Thailand Platform’ cannot be built alone by a single agency. It will require cooperation from all related public and private organisations who can pool their resources and expertise in respective fields to make the platform a reality,” he added.

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Published : October 16, 2021

By : THE NATION

BGRIMs VN solar venture financing gets green certification #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40007560


Being awarded the Green Loan Certificate under the Climate Bonds Initiative (CBI) on 1 October 2021 connotes the eco-friendly nature of the 240-megawatt solar energy scheme.

The US$160.5 million financing of B.Grimm Power PCL (BGRIM)’s Dau Tieng solar farm project in Vietnam has been certified as a “green” borrowing by an independent international environmental agency.

Being awarded the Green Loan Certificate under the Climate Bonds Initiative (CBI) on 1 October 2021 connotes the eco-friendly nature of the 240-megawatt solar energy scheme.

The certificate was given to Dau Tieng Tay Ninh Energy Joint Stock Company, a BGRIM subsidiary, after a syndicated loan for the amount was finalised on 31 August 2021.

The financing comprises a $32.5 million loan directly funded by ADB and the Leading Asia’s Private Infrastructure Fund (LEAP), a $128 million syndicated loan (B loan) funded by commercial banks, including Bangkok Bank, Kasikorn Bank, Kiatnakin Phatra Bank, ICBC (Thai) and Standard Chartered Bank (Thai).

Dau Tieng is BGRIM’s second green loan of large-scale solar farm in Vietnam, after the 257-MW Phu Yen TTP facility in Phu Yen province, that gained the green loan recognition.

The Phu Yen TTP solar farm, which is operated by Phu Yen TTP Joint Stock Company that is owned 80% by BGRIM, is funded by a $183 million loan that received the CBI credential at the end of 2020, becoming the first green lending extended to Vietnam.

BGRIMs VN solar venture financing gets green certificationBGRIMs VN solar venture financing gets green certification

These certificates underpin BGRIM’s potential in developing projects that contribute to environmental and climate protection, said Dr Harald Link, Chairman and President of BGRIM.

“BGRIM is committed to expanding its business with sustainability under the principles of good governance and responsible value chain management. We pursue our business by taking into account the impacts in various dimensions including economy, society and environment through the clean energy development,” said Dr. Link.

“BGRIM’s investment in renewable energy ventures in Thailand, Vietnam, Cambodia, Lao PDR and many other countries are testimonial to its contribution in reducing global warming and taking care of the environment in a sustainable way according to the company’s long-standing philosophy of ‘Doing business with compassion for the development of civilization in harmony with Nature” that spans over 143 years in B.Grimm’s history,” Dr Link concluded.

Published : October 15, 2021

Department of Medical Services gives Appreciation Plaque to CP Foods and the Charoen Pokphand Foundation #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40007559


Department of Medical Services gives Appreciation Plaque to CP Foods and the Charoen Pokphand Foundation

Somsak Akksilp, 2nd from right, director-general of the Department of Medical Services (DMS), presented CP Foods and the Charoen Pokphand Foundation with Appreciation Plaque for supporting the work of COVID-19 pre-admission centre at Nimibutr Sport Building. Voravit Janthanakul, Center, Executive Vice President for corporate administrative and the foundation’s secretary, was the company’s representative. Deputy director-generals of DMS, Pairoj Surattanawanich, Left , Weerawut Imsamran, 2nd from left) and Nutthapong Wongwiwat, right, also participated in the recognition ceremony at the Department of Medical Services, Ministry of Public Health.

Published : October 15, 2021

Microsoft will shut down LinkedIn service in China after facing criticism for censoring posts #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007525


Microsoft said it will shut down its LinkedIn site inside of China, days after facing public criticism for censoring the posts of several U.S. journalists.

In announcing the decision Thursday, LinkedIn said it was facing “a significantly more challenging operating environment and greater compliance requirements in China.”

The news brings to an end the last major Western social-media site operating inside China, where the authorities have long blocked Facebook, WhatsApp, Twitter and other apps.

“Increased repression inside China, and greater criticism from Congress of going along with Chinese regulations, have made it unsustainable” for U.S. social-media companies, said Adam Segal, an expert on China and technology at the Council on Foreign Relations.

LinkedIn said it will “sunset” its current site later this year, but will launch a new site called InJobs that will not include a social-media feed or the ability to share posts or articles.

“Our new strategy for China is to put our focus on helping China-based professionals find jobs in China and Chinese companies find quality candidates,” LinkedIn said. It didn’t provide further details.

Chinese-owned social-media apps, such as WeChat and Weibo, are heavily censored to delete content that the authorities deem sensitive. And U.S. users of LinkedIn in recent weeks said they have faced similar censorship on their profiles inside China.

Those reports prompted Sen. Rick Scott, R-Fla., to write a letter to the chief executives of Microsoft and LinkedIn expressing concern that an “American company is actively censoring American journalists on behalf of the Chinese Communist Party.”

One of the journalists, Bethany Allen-Ebrahimian, an Axios reporter who focuses on China from Washington, D.C., reported on Sept. 30 that LinkedIn had blocked her own profile and those of other U.S. journalists in China.

In an interview Thursday, Allen-Ebrahimian said LinkedIn several weeks ago sent her a message informing her that her profile would no longer be viewable in China because it contained “prohibited” content.

Allen-Ebrahimian asked the company several times for more specifics but “they never told me what the prohibited content was,” she said. LinkedIn didn’t respond to questions about that on Thursday.

Even if LinkedIn’s new site lacks social-media features, the company will still be subjected to potentially invasive information requests from the Chinese authorities, Allen-Ebrahimian said.

“If the Chinese authorities want to know, has this person messaged with anybody, have they applied for any jobs? InJobs will have to provide that. If it’s a criminal matter, okay, but what if they’re doing it for political reasons?” she asked.

Melissa Chan, an American journalist who has reported for Vice and The Atlantic, also disclosed that LinkedIn had blocked her profile in China over “prohibited” content.

“There remains a lot more questions than answers,” Chan said by email on Thursday. “Did some Chinese authority reach out to LinkedIn with a list of people and posts they had a problem with? Or did LinkedIn take the initiative and do it themselves? Knowing what happened matters.”

Greg Bruno, a freelance journalist and author who focuses on Tibetan issues, said in an interview Thursday that LinkedIn told him he was blocked inside China due to “prohibited” content in the publications section of his profile. The only information in this section was about his three-year-old book, which he said details “China’s effort to marginalize and de-ligitimize Tibetan exiles.”

“I was pretty angry,” he said. “The biggest thing that bothered me about LinkedIn’s message was it was putting the onus on me to self-censor.”

Despite his troubles with LinkedIn, Bruno lamented the end of the last U.S. social-media holdout in China. “This is just going to continue to insulate us in our information bubbles and cut us off as people,” he said.

Published : October 15, 2021

By : The Washington Post

Virgin Galactic pushes back next test flight as it makes enhancements to its spaceplane #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007524


Three months after Richard Branson reached the edge of space, Virgin Galactic, his space tourism company, is postponing its next test flight to make what it calls enhancements to its space plane that would make it safer over the long-term, the company announced Thursday.

The decision means that a test flight scheduled for this month, which was to have flown members of the Italian Air Force and National Research Council, will be delayed until the second half of next year, and commercial service wouldn’t begin until the fourth quarter of that year, the company said.

The stand down is yet another sign of the complexities of human space flight and comes as a number of companies have been working on flying paying customers to either the edge of space or to orbit. Virgin Galactic has repeatedly delayed flying its paying customers, some of whom have waited years. After suspending ticket sales, which had been priced at $250,000 each, the company announced this year it was reopening tickets sales at $450,000 each.

In a statement, Virgin Galactic CEO Michael Colglazier said the company’s spacecraft “are designed with significant margins for safety, providing layers of protection that far exceed loads experienced and expected to occur on our flights.” The enhancement to the spacecraft “underscores our safety-first procedures, provides the most efficient path to commercial service and is the right approach for our business and our customers.”

Earlier this year, Branson, who had been itching to get to space for years, moved up his flight and was able to beat rival Jeff Bezos to space by less than two weeks. But Bezos’ Blue Origin just completed its second successful human spaceflight on Wednesday, carrying William Shatner and three others on a quick suborbital flight to an altitude of more than 66 miles.

It is planning one more flight by the end of the year and a half dozen or more next year.

A Virgin Galactic spokesperson said that there were no issues with the vehicle currently and that it would be cleared to fly in the next month or two. But as the company tested materials in the laboratory to determine how often parts and materials would need to be inspected and maintained, the data projected lower safety margins over the long-term.

The company had been planning to stand down for some time at the end of the year to perform maintenance on its mother ship, which hoists the spaceplane aloft so that it can be “air launched” from about 45,000 feet. It will now perform that work immediately and include the additional spacecraft materials in the review as well.

While the delay for the Italian Air Force mission is several months, the delay of commercial service from when it was originally foreseen should be only about a month or so, the person said.

The Italian Air Force flight had been delayed previously after the company noticed a potential defect in a component supplied by an outside contractor. The current delay is unrelated to that, the company said. The earlier issue has been resolved.

Virgin Galactic was also grounded by the Federal Aviation Administration this year after Branson’s flight went off course during its descent and controllers failed to inform the FAA it was flying outside of its restricted airspace. The FAA announced last month it was allowing the company to return to flight operations after the company made changes on how it would communicate with the FAA during flights.

Published : October 15, 2021

By : The Washington Post

SET falls for the second day amid worries over QE tapering #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007562


The Stock Exchange of Thailand (SET) Index closed at 1,638.34 on Friday, down 2.63 points or 0.16 per cent. Transactions totalled 84.75 billion baht with an index high of 1,651.41 and a low of 1,635.14.

The index fell for the second day running after dropping by 2.67 points or 0.16 per cent on Thursday.

In the morning session, Krungsri Securities expected the Stock Exchange of Thailand (SET) Index on Friday would rise to between 1,645 and 1,650 points before falling.

It said the index gained positive sentiment from rising oil price in line with tight oil supplies, as well as mass buy-ups of stocks that benefit from the country reopening after the government planned to ease lockdown measures and allow foreign travellers to enter the country on November 1.

“However, the index would be under pressure as some investors would sell their stocks to cope with risk of US Federal Reserve signalling it would taper its quantitative easing programme this year,” Krungsri Securities said.

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The 10 stocks with the highest trade value today were KBANK, BANPU, U, PTT, IRPC, AOT, SCB, CPALL, 7UP and GULF.

Other Asian indices were up:

Japan’s Nikkei Index closed at 29,068.63, up 517.70 points or 1.81 per cent.

China’s Shanghai SE Composite closed at 3,572.37, up 14.09 points or 0.40 per cent, while the Shenzhen SE Component closed at 14,415.99, up 74.62 points or 0.52 per cent.

Hong Kong’s Hang Seng Index closed at 25,330.96, up 368.37 points or 1.48 per cent.

South Korea’s KOSPI Index closed at 3,015.06, up 26.42 points or 0.88 per cent.

Taiwan’s TAIEX Index closed at 16,781.19, up 393.91 points or 2.40 per cent.

Published : October 15, 2021

By : THE NATION

Baht unchanged as investors buy up stocks linked to Thailand’s reopening #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007550


The baht opened at 33.18 to the US dollar on Friday, unchanged from Thursday’s closing rate.

The Thai currency is likely to move between 33.10 and 33.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

Poon said that the baht is strengthening because foreign investors are investing in Thai stocks especially stocks relating to country opening.

Meanwhile, investors sold gold after the price increased caused the baht to strengthen in the short term. However, Poon said that the baht will not strengthen much soon as the Covid-19 situation is still worrying and the basic factor was not fully recovered.

The key resistance level for the baht would be from 33.35 to 33.50, which is the level at which exporters might sell the US currency. The baht’s key support level would be at 33.

Poon said that the baht is highly volatile and could suddenly change direction.  He recommended that investors use various hedging tools such as options or Foreign Currency Deposit (FCD) accounts with a currency forward.

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Published : October 15, 2021

By : THE NATION

Trade commission logs about 100 complaints of unfair practices since 2017 #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007549


The Office of Trade Competition Commission (OTCC) recently reported that it has received 97 complaints about unfair trade practices since the Trade Commission Act was implemented in 2017.

The law was enacted on October 5, 2017, to prevent and penalise those behind unfair trade practices, those abusing dominant positions, working under cartels, rigging bids, signing unreasonable agreements with foreign firms and unfair mergers and acquisitions. Violators may face a maximum fine of up to 10 per cent of the revenue earned in the year the offence was committed.

“Two complaints were filed in 2017, 11 in 2018, 20 in 2019 and 30 in 2020,” said OTCC spokesman Santichai Satthawanphaet. “This year we have received 34 complaints so far, most of which came from retail, franchise and e-commerce businesses.”

So far, the largest number of complaints or 66 were related to unfair practices, 13 about the abuse of dominant position, six related to cartels and bid-rigging and the rest to other violations.

Santichai said OTCC has, so far, issued guidelines for four types of businesses to comply with, namely retailers and wholesalers, franchise businesses, fruit buying businesses and food delivery outfits.

“We will issue another set of guidelines on the credit terms for small and medium enterprises on December 16,” he said. “Operators of these businesses must follow the guidelines or face punishment under the Trade Competition Act.”

Call (02) 199 5444 or visit www.otcc.or.th to lodge complaints about unfair trade practices.

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Published : October 15, 2021

By : THE NATION

IEA revises up oil demand forecasts for 2021, 2022 #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007547


Record coal and gas prices, rolling black-outs have prompted a switch to oil. IEA forecasts global oil demand to rise by 5.5 million barrels per day (mb/d) in 2021 and 3.3 mb/d in 2022.

The International Energy Agency (IEA) has revised up global oil demand forecasts for 2021 and 2022.

The ongoing energy crisis has prompted a switch to oil, and therefore global oil demand is set to rise by 5.5 million barrels per day (mb/d) in 2021 and 3.3 mb/d in 2022, IEA said in its monthly Oil Market Report published Thursday.

Global oil demand is expected to reach 96.3 mb/d in 2021 and 99.6 mb/d in 2022, IEA’s revised estimate shows.

Photo taken on Oct. 8, 2021 shows a gas station in Frankfurt, Germany. (Xinhua/Lu Yang)Photo taken on Oct. 8, 2021 shows a gas station in Frankfurt, Germany. (Xinhua/Lu Yang)

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Record coal and gas prices, as well as rolling black-outs are prompting the power sector and energy-intensive industries to turn to oil, which has pushed up global oil demand, the IEA explained.

As for world oil supply, the IEA projected a sharp rise in October, with the United States’ output set to bounce back from Hurricane Ida, and the Organization of the Petroleum Exporting Countries Plus (OPEC+) ready to boost output by 400,000 barrels per day for November this year.

Higher energy prices could lead to lower industrial activity and a slowdown in economic recovery from the COVID-19 pandemic, the IEA warned. 

Aerial photo shows the sunset view of Daqing Oilfield in Daqing, northeast ChinaAerial photo shows the sunset view of Daqing Oilfield in Daqing, northeast China

Published : October 15, 2021

By : Xinhua

Thai gold price stays steady #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40007542


The price of gold in Thailand on Friday morning was unchanged from Thursday close.

A9.26am report from the Gold Traders Association showed the buying price of gold bar at THB28,150 per baht weight and selling price at THB28,250, while the buying and selling price of gold ornaments is THB27,636.68 and THB28,750, respectively.

The spot gold price on Friday morning was hovering around US$1,795 (THB59,682) per ounce after Comex gold at close on Thursday rose by $3.2 to $1,797.9 per ounce due to support from the appreciation of the US dollar and the fall in US government bond yields.

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Published : October 15, 2021

By : THE NATION