Thai farmers reap THB79.46m in exports from online business matching
Thai agricultural cooperatives clinched export deals worth 79.46 million baht (US$2.41 million) at the latest Department of International Trade Promotion (DITP) online business-matching event.
The July 29-30 event saw 22 companies from nine Asian countries – Laos, Myanmar, Vietnam, Singapore, the Philippines, China, Taiwan, Japan, and India – negotiate contracts with Thai farming co-operatives, the DITP said.
The main items ordered were Thai jasmine rice, white rice, milk tablets, dairy products, and processed beef products. Organic products were highlighted to tap strong international demand focused on health and the environment.
DITP said that to increase value of agricultural products, manufacturing processes should focus on quality, traceability, and certification by a reliable organisation.
The department highlighted the remarkable popularity of Thai milk tablets, citing their high nutrient value and lack of variety in foreign markets.
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Thai farmers reap THB79.46m in exports from online business matching
Online business matching in the first seven months of 2021 (January-July) matched 1,684 Thai traders with 962 foreign importers, yielding estimated total turnover of 13.86 billion baht this year, the DITP said. Agricultural sales accounted for 9.74 billion baht of that turnover.
The business-matching aimed to boost Thailand’s status as a world food producer while raising income levels in the agricultural sector, said DITP deputy director-general Somdet Susomboon.
Directly linking Thai cooperatives with foreign buyers would benefit local communities, he added.
Those who would like to join the business-matching can contact DITP Call Center 1169 or (02) 507 7825 or visit the Thaitrade.com Facebook page.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
“SiriHub Investment Token”, after received official approval from the SEC, with expected fundraising value of THB 2.4 billion and tokens priced at THB 10 each
• XSpring Digital announces their readiness to introduce its new product to the Thai digital asset market – SiriHub Investment Token, after obtained an approval from the Securities and Exchange Commission (SEC) for public offerings that is officially effective on 29 July 2021, making SiriHub the first SEC-approved Real Estate-backed Token in Thailand.
• SIRIHUB highlights more potential benefits as the Real Estate-backed Token is based on the revenue stream from the Siri Campus Project, where the Sansiri Company has a long-term rental contract of 12 years.
• SiriHub Investment Token aims to fundraise a total value of THB 2,400 million, welcoming investors to invest in this significant project with an initial investment of only THB 10 in digital tokens with a limited number of only 240,000,000 tokens being offered, on a first-come-first-served basis.
• Investors can choose to invest in 2 token groups: SiriHubA with quarterly revenue sharing of 4.5% per year and SiriHubB with an interest rate of 8.0% per year1.
• All investors can subscribe to verify themselves via “XSpring” Application from now.
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XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICOMr. Att Tongyai Asavanund, Chief Executive Officer, XSpring Digital Company Limited, an ICO Portal in Thailand obtained an approval from the SEC, said “XSpring can see the potential growth of the ICO market in Thailand, providing more opportunities for both traditional and new-gen investors to invest in digital assets market. Today, we have been successfully approved and are now ready to introduce SiriHub, Thailand’s first Real Estate-Backed Token that will generate returns with quarterly revenue sharing of 4.5% and 8.0% per year1 for each of token groups. SiriHub token is a real estate-backed ICO so it will provide more confidence, and this open a new chapter in Thailand’s capital market history as it gives more chances for investors of all levels to invest in this major project with potential for future growth such as the Siri Campus located in T77 – a new residential development and modern lifestyle hub at Onnut, Bangkok with a long-term lease agreement for 12 years.
“The main purpose of the SiriHub Investment Token offering is to provide more opportunities to all Thai people to invest in high-value projects with an initial investment of only THB 10 per one token. They can select to invest in one or both tokens from 2 groups: 1) SiriHubA offers 160 million tokens worth THB 1,600 million and 2) SiriHubB offers 80 million tokens worth THB 800 million. The total fundraising value is THB 2,400 million, where the offerings have adequate and appropriate investor protection mechanisms.
“SiriHub Token offers an investment in the revenue stream from the Siri Campus office building located in T77 a new residential development and modern lifestyle hub in the Onnut area, where 100% of the rent come from Sansiri Company with a long-term lease agreement for 12 years, which creates revenue of 149.4 million baht per year. As the SiriHub project period will take only 4 years, investors are assured the project will have continued revenues”, explained Mr. Asavanund.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
Holders of SiriHubA will get returns with quarterly revenue sharing of 4.5% per year and revenue sharing from sale of the real-estate after the project’s end, not over THB 1,600 million, and holders of SiriHubB will get returns with quarterly revenue sharing of 8.0% per year and revenue sharing from sale of the real-estate after the project’s end, from the surplus of THB 1,600 million . As per the asset evaluation reports from two appraisers approved by the SEC, the value of Siri Campus Project will rise to THB 2,600 million in the next 4 years. Further, the Agency for Real Estate Affairs (AREA) reported an analysis of land prices at Onnut BTS located close to the T77, with 2021 land costs of 1.1 million baht per square wah with Compound Annual Growth Rate (CAGR) at 10% per year from 2015 to 2021. This demonstrates that the area has huge potential and high growth rate.
Secured investment on Blockchain Technology
The SiriHub Investment Token offering runs on the Tezos blockchain system, the world’s most advanced blockchain technology developed to support digital fundraising with a Real Estate-backed ICO. The blockchain provides more security with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) measures, and Know Your Customer (KYC) standards. Only approved registrants can be put in the Whitelists to trade digital tokens. The system also has real-time Clawback, a feature to return stolen tokens back to the holder’s wallet, and Capitalization Table (Cap Table) as personal information will not be shown so as to protect the privacy of the holders.
Cooperation with Legal Partners for Best Protection
XSpring Digital works closely with leading legal partners in developing the structure and all components of SiriHub Investment Token to guarantee it follows all criteria given by the SEC. Such legal advisory partners include Baker & McKenzie, asset manager or trustee, MFC Asset Management Public Company Limited, and a team from PricewaterhouseCoopers ABAS Ltd. from Switzerland to review the smart contract system. So, investors will have 100% confidence of transparency and security of the digital token offerings.
Investors who are interested in investing can open an account, verify their identity and take the knowledge test in advance from today. By downloading the XSpring application on both IOS and Android systems and when it comes to the subscription day, just open the wallet and make a reservation by transferring money through a bank account through the original application.
“The XSpring application is well prepared so all investors can access it with ease. They can subscribe in advance from now to save time and increase their chances to buy the tokens once it is officially launched. The offerings will be done on a first-come-first-served basis”, added Mr. Asavanund.
Those who are interested can contact 02-038-5999, or follow the news of digital assets and digital tokens at:
Apple unveils plans to scan phones for child pornography, sexual messages to minors
Apple unveiled a sweeping new set of software tools Thursday that will scan iPhones and other devices for child pornography and text messages with explicit content and report users suspected of storing illegal pictures on their phones to authorities.
The aggressive plan to thwart child predators and pedophiles and prohibit them from utilizing Apple’s services for illegal activity pitted the tech giant against civil liberties activists and appeared to contradict some of its own long-held assertions about privacy and the way the company interacts with law enforcement.
The move also raises new questions about the nature of smartphones and who really owns the computers in their pockets. The new software will perform scans on its users’ devices without their knowledge or explicit consent, and potentially put innocent users in legal jeopardy.
In a blog post on its website Thursday, Apple said there is a one-in-a-trillion chance of a person being incorrectly flagged, and it said each instance will be manually reviewed by the company before an account is shut down and authorities are alerted. Users can appeal the decision to Apple, the blog post said.
The software uses a matching technique, where photos stored on iPhones will be scanned and then compared with known child pornography. Before a photo can be uploaded to iCloud, Apple’s online storage service, it will be given a “voucher” ensuring that it is not child pornography.
This kind of matching system is similar to what has been in use for years by companies like Facebook. But in those systems, photos are scanned only after they are uploaded to servers owned by companies like Facebook. In Apple’s new system, photos and messages will be scanned on a user’s device, a new level of surveillance on what is known as the “client-side” that raised eyebrows among civil libertarians and privacy advocates.
In a response to the announcement, online advocacy group the Electronic Frontier Foundation said it was concerned about the move because of future abuses that might occur.
“It’s impossible to build a client-side scanning system that can only be used for sexually explicit images sent or received by children,” the foundation said. “As a consequence, even a well-intentioned effort to build such a system will break key promises of the messenger’s encryption itself and open the door to broader abuses.”
The debate about Apple’s new effort began on Twitter Wednesday evening, when security experts began tweeting about the rumored announcement.
“Regardless of what Apple’s long term plans are, they’ve sent a very clear signal,” wrote Matthew Green, an associate professor of computer science at the Johns Hopkins Information Security Institute, on Twitter. “In their (very influential) opinion, it is safe to build systems that scan users’ phones for prohibited content. That’s the message they’re sending to governments, competing services, China, you.”
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Apple clashed with law enforcement when the FBI obtained a court order forcing Apple to help unlock an iPhone belonging to one of two shooters in a December 2015 attack at the San Bernardino Inland Regional Center that left more than a dozen people dead. The FBI wanted to unlock the phone so it could pursue possible leads of accomplices to the attack. But Apple refused, taking a moral stand. “The government could extend this breach of privacy and demand that Apple build surveillance software to intercept your messages, access your health records or financial data, track your location, or even access your phone’s microphone or camera without your knowledge,” Apple CEO Tim Cook wrote in a statement at the time. Now, privacy experts are accusing Apple of creating another type of potential backdoor for the kind of abuse Cook outlined in its stand against the FBI.
The new initiative won’t be limited to just photos. It will also scan messages sent using Apple’s iMessage service for text and photos that are inappropriate for minors. If minors receive, for instance, a photo identified as sexually explicit, it will appear to be blurred and the minor may be warned that if they click on the photo their parents will be notified.
The pushback from civil libertarians on the new initiative by Apple shows how privacy and security often have a complicated relationship. Apple’s decision to scan the photos on a user’s device, and not Apple’s own servers, is a way of protecting user privacy. Even Apple won’t be able to see what is being scanned until something is flagged as illegal. On the other hand, the worry posed by security experts is that software code Apple created, which will live on every iPhone, could be exploited by malicious entities to siphon personal data from users. In that hypothetical scenario, users would have lost their privacy anyway.
If Apple’s new scanning software is able to stop sexual abuse of minors from happening on its services, there are other services to choose from available for download on Apple’s App Store. In 2019, The Washington Post used a machine learning algorithm to scan publicly available App Store reviews for reports on unwanted sexual behavior on chat apps used primarily by minors. It found 1,500 reports in six apps.
Child predators often groom victims on apps like these, and then try to move the conversations to other platforms, such as Snapchat or Instagram.
In its response, the Electronic Frontier Foundation said Apple’s iMessage is less secure because of the new changes. “A secure messaging system is a system where no one but the user and their intended recipients can read the messages or otherwise analyze their contents to infer what they are talking about,” it wrote.
Moderna shot covid protection remains steady for months
Moderna Inc. said its coronavirus vaccine remained 93% effective through six months after the second shot, as it reported second-quarter earnings and revenue that beat expectations.
Afinal analysis of the company’s late-stage study, described in a statement on Thursday, suggests the vaccine’s protection remains stable for long after recipients complete the standard two-dose regimen. The 93% effectiveness level is just short of the shot’s initial efficacy of 94%.
Concern that the effectiveness of coronavirus vaccines could wane has stoked talk of booster shots. Some countries have begun to offer vulnerable people third doses, though the head of the World Health Organization has called for a moratorium on such measures until more people in the developing world are inoculated.
Moderna’s latest efficacy data hasn’t been published in a medical journal and the company didn’t release further details.
Despite the apparent endurance of its vaccine, Moderna is exploring options for supplemental shots that could fend off emerging strains of the virus.
All three of the company’s booster candidates produced “robust antibody responses” against delta and other variants of concern in a phase 2 human study, Moderna said in its statement. The boosters are being tested at a 50 microgram dose, or half what is used in the current shot. That data has been submitted to a journal for publication, the company said.
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Cambridge, Mass.-based Moderna also said it expected to complete its submission for full Food and Drug Administration approval for its vaccine this month.
The agency is already reviewing the submission for a rival messenger RNA vaccine from Pfizer Inc. and BioNTech SE, and is under growing pressure to complete the process quickly. With the delta variant sparking a new wave of cases, advocates say an approval could help convince more people to get a shot.
Moderna, which reported its first profit earlier this year, had net income of almost $2.8 billion in the quarter ending June 30 on revenue of $4.4 billion, almost all of which is from its covid-19 shot. Diluted earnings per share of $6.46 easily beat analysts expectations, according to a survey of analysts by Bloomberg, while revenue only slightly exceeded expectations.
The company said in the release it has signed $20 billion worth of coronavirus vaccine purchase agreements for 2021, up from the $19.2 billion it announced in May. For 2022, it already has signed agreements for $12 billion in vaccine sales with options for $8 billion more. Moderna didn’t increase its forecast that it will produce 800 million to 1 billion coronavirus vaccine doses this year.
Moderna’s views for total sales of its coronavirus vaccine pale in comparison to the Pfizer-BioNTech partnership, which has a higher manufacturing capacity for its shot. Last month, Pfizer boosted its vaccine sales forecast for 2021 to $33.5 billion.
Moderna’s shares have quadrupled since the beginning of the year, and the company hit $100 billion in market value for the first time July 14. The stock was made part of the S&P 500 last month and is the index’s best performer this calendar year.
As the biotech seeks to grow further, it will look opportunities to acquire or license technologies that could enhance its platform. Moderna, which has more than $12 billion in cash and investments, will focus on nucleic acid technologies, such as mRNA, gene editing, and gene therapy, the company said in a presentation.
Moderna has also built out its suite of leaders to double down on its commercial franchise. In the last quarter, the company hired Paul Burton, a former Johnson & Johnson executive, to serve as chief medical officer, and Ogilvy’s Kate Cronin as chief brand officer.
Published : August 06, 2021
By : Syndication Washington Post, Bloomberg · Robert Langreth
Don’t miss this enlightening seminar! “Thailand Next Episode 1: Innovation Beyond Business”
This highly informative seminar, held on the occasion of Nation Multimedia Group’s 50th anniversary
Don’t miss this enlightening seminar!
We are conducting a significant online seminar titled “Thailand Next Episode 1: Innovation Beyond Business”.
This highly informative seminar held on the occasion of Nation Multimedia Group’s 50th anniversary, delves into innovation in daily life and business, a factor that will also drive Thai industries forward.
The virtual event will be held on August 19 from 1.30pm to 4pm.
A Chula marketing expert has offered SMEs three tips for boosting their food delivery businesses – know your strengths, know your customers, and use eye-catching food images.
Food delivery is a fast-growing business during Covid-19, when customers are often reluctant to leave their homes or offices. More customers naturally generate a higher number and variety of sellers.
With the online food delivery business becoming increasingly competitive, Asst Prof Kritinee Pongtanalert, Department of Marketing, Faculty of Commerce and Accountancy, Chulalongkorn University, shares some marketing techniques to increase sales for small food business owners who may not be familiar with online platforms.
“If you want to start an online restaurant, the most important thing is to determine what food you wish to sell and to whom. Every restaurant has a menu, but you have to know what you will sell and to which customers. Who will be happy to receive your products and services?”
Create a clear selling point
For all types of restaurants, big or small, promoting their strengths or selling points is essential. Business owners need to analyse the strengths of the food they sell, to better communicate the restaurant’s identity to customers. Selling points can be divided into three categories:
1. Selling taste
Restaurant owners must be able to answer the following questions: What taste was the restaurant famous for before the Covid-19 crisis? Which are the flagship dishes that are famous and memorable for customers?
2. Selling speed
Restaurants famous for their speed always prepare some food ahead, such as grilled pork and fried chicken. When customers order, they are ready to cook the food a little more and then pack it for immediate delivery. This is a strong point for customers who want fast food or are in a hurry. It’s even better yet if you can specify the delivery time in minutes.
3. Selling convenience
Some customers want to eat late at night when most restaurants are closed. Restaurants that can open during this period when choices are limited will stand out to customers. In addition, you may add other conveniences, such as free drinks or offering discounted drinks with food purchases. Offering value meals, or family sets also adds charm and ease of ordering.
Moreover, some stores also increase sales with fun activities to engage customers, such as ice cream shops that invite customers to add their own choice of toppings or shabu-shabu restaurants that offer to sell electric hotpots with the food.
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What food are you selling? Who are your customers?
Shop owners must first decide “what to sell” and “whom to sell to” by clearly defining their target audience. Do not think that you will sell to everyone, because you can’t reach all groups of people. Make this mistake and you may not sell to anyone.
If we take the example of fine dining restaurants, they usually sell food with luxurious service. Making advanced reservations is necessary and customers often come in groups such as families. During the pandemic, a posh restaurant with elegant decor and impressive service is meaningless. These restaurants need to adapt to survive by turning to full online operation. The owners also have to design new menus to meet the needs of the whole family, while lowering prices. A limited number of sets should be offered daily to ensure efficient management of raw ingredients while maintaining the same standards of quality in food taste, reputation and care.
The above example shows that even with the new model, the usual target customers can still be reached. This also presents a new selling opportunity in the online market, where they can get to know new customers as well. A systematic analysis like this will benefit business owners in designing food sets based on customer behaviours and sizes. Those who want to know their customers better can compile data on best-selling items (single sets, couple sets, or party sets). This will provide the restaurateurs with customer insights.
How to make customers choose your restaurant?
Many customers buy food on a mobile application without choosing their restaurant in advance. This group of customers presents a golden opportunity for the restaurant to showcase itself with food images known as “finger-stopping shots”. This technique is powerful because many customers scroll through the screen until they stumble upon eye-catching food photos. Some restaurant owners trust their food quality and taste but underestimate the potential of marketing communication. There is no denying that in an online marketplace filled with hundreds of thousands of dishes, pictures that are worth a thousand powerful words have a powerful influence on purchase decisions.
1. Showcase flagship dishes instead of the restaurant name
If the customers do not specify the restaurant, they are always on the lookout for familiar restaurant names to reduce the risk of being disappointed by new restaurants. Promoting just one dish or a special product as the top-of-mind image is more effective than presenting a full menu of delicious dishes but that customers won’t remember. More importantly, this will help entrepreneurs to plan orders of raw ingredients that closely match actual sales. This is another tip for success in online business management.
2. Catchy name, memorable menu so customers know what you sell
Business owners should create memorable names and menus that appeal to customers, reflecting their speciality. This will attract customers’ attention and make it easy to recall and communicate what your restaurant sells. The name should not be too peculiar, or so far-fetched that customers cannot figure out what you sell and may reject your brand, hurting the reputation of the restaurant.
How to get repeat business
Displaying too many food images on the screen to reflect a wide variety of products may confuse customers with too many choices. Selective display of food items complemented by a solid pricing strategy will help customers make quicker decisions. Initially, you may offer a food combo in a set meal of complementing items, such as rice and soup with a free drink, or offer sets by the number of people, like personal sets, sets for two, family sets, or office sets.
The bundle sale technique is also effective. You can offer other menu items at a special price with an order of a regular meal set. This technique can help increase sales volumes: for example, if a customer buys a single dish, you can offer a drink for a little more. The important thing that will make customers come back again is their first impression– of the food taste, products that fit the descriptions, speedy service and charming touches like a thank-you card from the chef or a gift.
How Covid-19 propelled digital disruption transformed Thailand’s business sector
A vast majority of businesses have been driven by digital disruption globally with most executives admitting its transformative impact to an extent. It is, therefore, crucial to identify digital disruption perspectives and approaches to digital implementation in Thai companies.
“Deloitte Thailand conducted its first Thailand Digital Transformation survey in November 2019 to early January 2020. With the unprecedented Covid-19 global pandemic later in 2020 and its seismic impact, a pulse survey was commissioned covering November 2020 to January 2021 as a follow-up to gain an understanding of the pandemic’s impact on digital transformation in Thai businesses. The annual Thailand Digital Transformation Survey intends to serve as a benchmark of sentiment on the progress of digital transformation in Thailand,” said Dr Narain Chutijirawong, executive director of Deloitte Thailand’s clients and industries division.
The two surveys focus on the following topics to draw a comparative analysis of digital transformation implementation before and during the Covid-19 pandemic:
• Interpreting perceptions towards digital disruption
• Exploring digital transformation implementation
• Pinpointing digital transformation skill demand
• Identifying areas of government support in digital transformation
The respondents of both surveys hold managerial positions. For instance, 19 per cent of respondents in the primary survey are members of the board of directors and 16 per cent are CFOs. Meanwhile, for the pulse survey, 34 per cent were CFOs, 30 per cent CIOs or equivalent and 13 per cent members of the board.
The consumer sector has been the leader in adopting basic technology such as traditional web, mobile applications and cloud before and after the Covid-19 pandemic.
For instance, the traditional web was adopted in 79 per cent of companies, rising to 95 per cent after Covid-19.
This sector also surpassed the technology, media and telecom sectors in adopting advanced technology including blockchain, artificial intelligence and the Internet of Things, with the adoption of AI rising from 4 per cent before Covid-19 to 35 per cent after.
Financial services as well as life sciences and healthcare sectors pushed their digital transformation plan after the arrival of Covid-19. The two sectors, however, face recruitment issues for the key positions of data analysts and scientists.
Up to 56 per cent of companies are now at the “digital adopter” stage after the arrival of Covid-19 compared to 12 per cent earlier, shifting from 59 per cent in the digital evaluator stage to 12 per cent after Covid.
Furthermore, the implementation of advanced technology, except robotics, and basic technologies has increased in the post-Covid-19 era. For instance, a 19 per cent increase in Cloud technology adoption rate was found as well as a 16 per cent increase in the Internet of Things and a 15 per cent increase in mobile applications. This indicates a digital adoption of all technologies across business sectors at a rapid pace during the Covid-19 period.
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Viney Hora, executive director of Deloitte Consulting, said: “The major challenge in implementing digital transformation is not the technology itself, but rather a lack of internal and external expertise in the relevant fields. Thai corporates reveal the three main challenges they face include talent gap, digital culture and organisation silo. All of which have almost nothing to do with technology but revolve around recruiting people with the right skill to get the job done.”
According to the survey, in 2020, analytical thinking and innovation, as well as active learning and learning strategies, ranked first among the country’s skill demand, which aligns with the global market’s expected skill demand in 2025. The outcome also demonstrates that Thailand is moving in the same direction as the international market.
“The higher digital transformation rate coupled with an immense and unforeseeable impact from the Covid-19 pandemic across all businesses is evident. Businesses should therefore be more vigilant about the digital transformation movement and the digital environment in the market especially during this period of turmoil,” added Dr Narain.
SET down as daily cases surge above 20,000 in Thailand
The Stock Exchange of Thailand (SET) Index closed at 1,521.72 on Friday, down 5.94 points or 0.39 per cent. Transactions totalled THB82.72 billion with an index high of 1,537.27 and a low of 1,514.67.
In the morning session, Krungsri Securities forecast the SET Index on Friday would fall to between 1,515 and 1,520 points despite positive sentiment from the decline in US weekly jobless claims.
It predicted the index would be pressured by surging domestic Covid-19 cases, which have impacted the economy, weakened the baht and led to outflow of foreign funds. Friday saw Thailand log more than 20,000 new cases for a third successive day.
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The 10 stocks with the highest trade value today were DELTA, GULF, 7UP, PTT, IVL, PSL, SNNP, GPSC, CPF and CPALL.
Other Asian indices were down with one exception:
Japan’s Nikkei Index closed at 27,820.04, up 91.92 points or 0.33 per cent.
China’s Shanghai SE Composite Index closed at 3,458.23, down 8.32 points or 0.24 per cent, while the Shenzhen SE Component Index closed at 14,827.41, down 44.82 points or 0.30 per cent.
Hong Kong’s Hang Seng Index closed at 26,179.40, down 25.29 points or 0.097 per cent.
South Korea’s KOSPI closed at 3,270.36, down 5.77 points or 0.18 per cent.
Taiwan’s TAIEX closed at 17,526.28, down 76.84 points or 0.44 per cent.
Gold opens steady in Thai market depite spot price slump
The price of gold in Thailand on Friday morning was unchanged from Thursdays close.
The Gold Traders Association report at 9.29am showed buying price of a gold bar at THB28,350 per baht weight and selling price at THB28,450, while gold ornaments were priced at THB27,833.76 and THB28,950, respectively.
Spot gold on Friday morning dropped to US$1,801 (THB60,099) per ounce after Comex gold price at close on Thursday dropped by $5.6 to $1,808.9 per ounce, due to the rise in US government bond yield, momentum in gold sales after a robust performance by the US stock market reacting to a decline in unemployment claims.
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Hong Kong gold price dropped by HK$70 to $16,720 (THB71,742) per tael, the Chinese Gold and Silver Exchange Society reported.
The Stock Exchange of Thailand (SET) Index rose by 7.16 points, or 0.47 per cent, to 1,534.82 on Friday morning.
The SET Index closed at 1,527.66 on Thursday, down 18.20 points or 1.18 per cent. Transactions totalled THB81.29 billion with an index high of 1,547.38 and a low of 1,526.91.
Krungsri Securities forecast the SET Index on Friday would fall to between 1,515 and 1,520 points despite positive sentiment from the decline in US weekly jobless claims.
It predicted higher domestic Covid-19 cases which have impacted the economy, weakened the baht and led to foreign funds outflow would pressure the index.
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It recommended selective buys as an investment strategy:
▪︎ HANA, KCE, TU, CPF, GFPT, ASIAN, EPG and SUN, which would benefit from the weakening baht.
▪︎ BCH, CHG, BDMS, DOHOME, CKP, CBG, OSP, ICHI, GPSC, BEC, GUNKUL, JWD, WICE, SONIC, NER, PSL, TTA, RCL, SINGER, JMT and JMART, whose second-quarter business turnover is expected to improve.
Thai farmers reap THB79.46m in exports from online business matching
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICOMr. Att Tongyai Asavanund, Chief Executive Officer, XSpring Digital Company Limited, an ICO Portal in Thailand obtained an approval from the SEC, said “XSpring can see the potential growth of the ICO market in Thailand, providing more opportunities for both traditional and new-gen investors to invest in digital assets market. Today, we have been successfully approved and are now ready to introduce SiriHub, Thailand’s first Real Estate-Backed Token that will generate returns with quarterly revenue sharing of 4.5% and 8.0% per year1 for each of token groups. SiriHub token is a real estate-backed ICO so it will provide more confidence, and this open a new chapter in Thailand’s capital market history as it gives more chances for investors of all levels to invest in this major project with potential for future growth such as the Siri Campus located in T77 – a new residential development and modern lifestyle hub at Onnut, Bangkok with a long-term lease agreement for 12 years.
XSpring Digital is ready to tap the Thai digital assetmarket with the first ever Real Estate-Backed ICO
SootinClaimon.Com 