The Stock Exchange of Thailand (SET) Index closed at 1,562.24 on Wednesday, down 4.56 points or 0.29 per cent. Total transactions amounted to THB83.53 billion with an index high of 1,570.05 and a low of 1,557.83.
In the morning session, Krungsri Securities forecast the day’s index would fall to between 1,555 and 1,560 points, in line with the drop in other Asian indices after US home construction fell by a larger-than-expected 9.5 per cent in April.
Also pressuring the SET are the falling oil price over progress on the Iran nuclear deal, plus the outflow of foreign funds, Krungsri Securities said.
“However, the index would rebound on hopes of economic recovery after countries in Europe eased lockdowns,” it added.
The 10 stocks with the highest trade value today were NSL, SIRI, PTT, KCE, KBANK, BCH, CPALL, TIDLOR, ECL and ITD.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 28,044.45, down 362.39 points or 1.28 per cent.
China’s Shanghai SE Composite Index closed at 3,510.96, down 18.05 points or 0.51 per cent, while the Shenzhen SE Component Index closed at 14,484.46, up 33.85 points or 0.23 per cent.
Taiwan’s TAIEX Index closed at 16,132.66, down 13.32 points or 0.082 per cent.
Hong Kong’s Hang Seng Index and South Korea’s KOSPI were closed for the Buddha’s birthday.
SET under pressure due to fall in US home construction, decreasing oil price
The Stock Exchange of Thailand (SET) Index fell by 2.02 points or 0.13 per cent to 1,564.78 at 10.02am on Wednesday. The volume of transactions was THB4.63 billion with an index high of 1,565.27 points and a low of 1,560.77.
Krungsri Securities (KS) predicted that the day’s index would fall to between 1,555 and 1,560 points, in line with the drop in other Asian indices after an announcement that US home construction fell by 9.5 per cent in April.
Also, the falling oil price due to progress in renewing the Iran nuclear deal, plus the outflow of foreign funds, would pressure the index, KS said.
“However, the index would rebound on hopes of an economic recovery after many European countries eased lockdowns,” KS predicted.
It recommended investors buy:
▪︎ Hana, KCE, TU, CPF and EPG, which benefit from the weakening baht.
▪︎ BDMS, BCH and CHG, which have gained positive sentiment from the import of Covid-19 vaccines.
▪︎ Advanc, Intuch and WhaUp, which pay high dividends.
The SET Index closed at 1,566.80 on Tuesday, up 17.64 points or 1.14 per cent. The volume of total transactions was THB98.21 billion with an index high of 1,570.37 and a low of 1,558.85.
The price of gold in Thailand was unchanged from Tuesday’s close in morning trade on Wednesday despite positive sentiment over a weakening dollar after feeble economic data emanated from the US.
AGold Traders Association report at 9.24am showed the buying price of a gold bar at THB27,700 per baht weight and selling price at THB27,800, while gold ornaments cost THB27,197.04 and THB28,300, respectively.
The spot gold price on Wednesday was US$1,867 (THB58,917) per ounce compared to Tuesday, when it rose by 40 cents to $1,868 per ounce.
The Hong Kong gold market was closed on Wednesday on the occasion of Buddha’s birthday.
Huawei Calls for Closer Public-Private Sector Cooperation
Huawei Calls for Closer Public-Private Sector Cooperation to Restore Trust in Technology to address the common challenges and risks that have emerged in the wake of the COVID-19 pandemic.
The St. Gallen Symposium, an annual gathering of current and future leaders from across the globe, celebrated its 50th anniversary this year. At the event, 1,000 participants took part in the three-day cross-generational dialogue, joining from the University of St. Gallen campus, an international hub in Singapore, ten Swiss Embassies around the world, and elsewhere online.
Catherine Chen, Corporate Senior Vice President and BOD Member at Huawei, addressed the student-led initiative on the morning of May 7. Other top speakers from the private sector include Christophe Franz, BOD Chairman at Roche, Ola Källenius, Chairman of the Board of Management at Daimler, Satya Nadella, Chief Executive Officer of Microsoft, and Roshni Nadar Malhotra, Chief Executive Officer of HCL Corporation.
The participants, which also included political leaders, such as Austrian Chancellor Sebastian Kurz, and representatives of transnational organizations, like Chairwoman of the Swiss Digital Initiative Doris Leuthard, gathered to exchange their views on the theme of this year’s symposium, “Trust Matters”, something to which Huawei is deeply committed.
Chen believes this will require the joint efforts of policymakers, regulators, and the private sector.
“As more devices feature connectivity, more services go online, and more critical infrastructures rely on real-time data exchanges, so must governments worldwide ensure that everyone is protected by the highest security standards. Only a common set of rules can guarantee a level of security that creates trust in technology,” she said.
This year’s St. Gallen Symposium kicked off on May 5.
The event’s participants agreed that trust is inherently built on openness and transparency, and that it is time to take concrete, actionable steps to address the common challenges and risks that have emerged in the wake of the COVID-19 pandemic.
Public trust in political and economic institutions, emerging technologies, and the media has recently been eroded, especially among the younger generations, and this has been exacerbated by the COVID-19 pandemic.
“We, as members of the younger generation, are connected to a greater number of people through social media, but this does not correspond to a circle of people we can trust,” said Simon Zulliger, a member of the team of 35 students from the University of St. Gallen that organized this year’s symposium.
The team expressed their view that finding ways to preserve and strengthen trust is critical for a sustainable recovery.
Chen hoped that the next generation of leaders would build trust and shape a world of pervasive connectivity.
“I urge them to continue developing the positive relationships between communities, individuals, and their environments. We must build strong trust in technology, enabled by a common set of rules, innovations, and progress. Only then can we commit to the sustainable and trustworthy use of technology,” she said.
B.Grimm Takes Stake in EEC-DT Joint Venture to Develop Eco-Friendly Systems
(B.Grimm) has Takes Stake in Green Power Company Limited (EEC-DT) Green Power Joint Venture Holding Company Limited to Develop Eco-Friendly Utility Systems Internationally
B.Grimm Joint Venture Holding Company Limited (B.Grimm) has taken a stake in the joint venture EEC-DT Green Power Company Limited (EEC-DT) to jointly develop eco-friendly utility systems internationally. B.Grimm has bought shares from the existing shareholders in EEC-DT, namely DTGO Corporation Limited (DTGO), EEC Engineering Network Co., Ltd., and Dr. Naree Phinyawatana. Shareholdings after the acquisition of this 30% stake are DTGO with 37%, B.Grimm Joint Venture Holding Company Limited with 30%, EEC Engineering Network with 25%, Dr. Naree Phinyawatana with 8%.
Dr. Harald Link, Chairman of B.Grimm, highlighted B.Grimm’s upcoming collaboration with EEC-DT as a vital step towards ensuring the sustainable development of Thailand: “B.Grimm is very pleased to partner with EEC-DT, who is the leader in engineering design and project development, to co-develop the Central District Utility System, an innovative concept that has not existed before in Thailand. This collaboration aims to develop future Smart City projects that provide healthy environments, energy efficiency, and convenience to consumers, marking a significant step in elevating the quality of life for the benefit of Thai society.”
B.Grimm Takes Stake in EEC-DT Joint Venture to Develop Eco-Friendly Systems
Dr. Link further emphasized this project as a reminder of B.Grimm’s commitment to digital innovation in tandem with its corporate philosophy: “Our collaboration with EEC-DT aligns perfectly with B.Grimm’s growth strategy centered on digital technology and innovation. The project’s potential to encourage sustainable growth mirrors B.Grimm’s corporate philosophy to ‘Do business with compassion for the development of civilisation in harmony with nature’. B.Grimm’s industrial business epitomizes this philosophy by offering healthy and energy-efficient living solution comprising sustainable power generation, power optimization, energy-saving insulated facades, and highly-efficient air-conditioning and lighting systems. This is complemented by B.Grimm’s healthy indoor environment offering, which consists of a built-in pathogen removal system for PM2.5 and virus particles, a biometric access control system, and an IoT-based building management system. Together, these overarching solutions serve both building owners and tenants, allowing them to save on electricity fees while benefiting from a secure, hygienic environment, and ultimately reducing the carbon footprint of urban buildings.”
“Personally, I have a longstanding relationship with EEC and DTGO, which we believe will serve as an excellent foundation for our partnership and driver of future success. We are confident in this new joint venture, and we are committed to doing our utmost in ensuring a highly successful future together.”
Mrs. Thippaporn Ahriyavraromp, Founder & Chairman – Chairman of the Executive Committee of DTGO, said: “DTGO is honored to partner with B.Grimm, with its expertise in developing public utilities and international energy. B.Grimm aligns with the strategy and corporate philosophy of DTGO and EEC Engineering Network Co., Ltd. Our synergy with EECDT is to work together to make our world livable and sustainable so we can pass it on to future generations. This collaboration between the three partners is an important step in working together to solve growing and intensifying global challenges, especially environmental issues such as climate change and global warming. Creating clean energy to make people quality of life better and more happier benefits the nation and the world, which is the ultimate goal.
“DTGO’s main business is property development, which plays a key role in overcoming ecosystem, environmental, climate change, and global warming challenges and creating clean energy. Collaborating with a strong partner like B.Grimm Group, with its expertise in utility and energy development, will play a critical role in driving solutions for climate change and global warming. The collaboration will achieve larger-scale, more impactful action such as the development of megaprojects and smart cities, setting up wastewater and waste treatment systems, as well as developing clean energy and alternative energy for various property projects and other projects in the future, bringing unprecedented innovations in Thailand. This is an important way to improve quality of life for all and to help resolve issues to make this world more livable, not just for humankind but for nature and all life on earth. This approach is in line with DTGO’s concept of ‘Adding Value in Everything We Do’ to benefit people, communities, and society at large, making Thailand and the world more livable and happier for all life.”
B.Grimm Takes Stake in EEC-DT Joint Venture to Develop Eco-Friendly SystemsMr. Kecha Thirakomen, Chairman of EEC Engineering Network, said: “I am delighted and honored that B.Grimm, a leading engineering company nationally and internationally, has jointly invested in EEC-DT. This acquisition will boost the potential and business expansion opportunities for EEC-DT to develop systems for energy management, the environment, climate, and healthy, sustainable living environments.”
Mr. Kamol Tanpipat, CEO of EEC-DT, said: “B. Grimm’s collaboration reflects that using centralized district cooling systems to provide and distribute air-conditioning in residential and mixed-use projects is new in Thailand. No companies focus on providing such services. EEC-DT is one of the first companies in Thailand to develop a system for residential projects, with a focus on sustainable urban development and energy use. Sustainability is one of B.Grimm’s core business missions, to it has joined to enhance the cooling system business’s potential in business and in contribution to society and the environment. The company also extends to district utility systems, such as district drinking water supply, district heating systems, renewable power, centralized waste disposal, both wastewater and solid waste, as well as large-scale ‘smart city’ residential projects for more efficient urban management that meets the needs of society and the new generation in the era of Thailand 4.0.
“The company aims to develop and manage utilities under the concept of ‘sustainnovation’ to be eco-friendly and efficient, enhancing quality of life and reducing environment impact such as carbon footprint. The company specializes in installing and operating district cooling systems and district heating systems that reduce energy use. It has also developed a ‘zero water waste’ system with a central wastewater treatment system to reduce demand for water.
“In addition, the company has continuously developed innovations and technologies to optimize the use of energy, electricity, water, and other resources, aiming for sustainable development as well.”
Carabao group supports the fight COVID19 with donation of 75% sanitizing alcohol
Carabao group supports the fight against COVID-19 with donation of 75% sanitizing alcohol to all business partners and Bao Daeng Friend shops nationwide to help curb the spread of the novel virus.
Amid the height of the current COVID-19 situation in Thailand, there are Carabao Group’s business partners and Bao Daeng Friend shops in communities all over Thailand that are exposed to the virus with many of them located in high-risk areas. Carabao Group, with long-standing dedication to help fight the spread of COVID-19 in Thailand, is supporting these communities with a donation of 75% sanitizing alcohol to help curb the spread of the novel virus.
Carabao group supports the fight COVID19 with donation of 75% sanitizing alcohol
This 75% sanitizing alcohol that has been procured and delivered to target groups is manufactured at factories managed by Carabao Group. The concentrated, high-quality cleaning alcohol with high efficacy in eliminating contaminants and viruses was sent out by the group’s marketing team directly to Carabao Group’s business partners all over Thailand, many of which are convenient stores and local supermarkets. This is to protect the business partners as well as the general public against COVID-19 and support the government’s health and hygiene guidelines during the pandemic.
All the executives and employees of Carabao Group pledge to fully support Thailand in this time of hardship in every way possible in order for us to rise above this crisis together within the near future.
Nok Airlines (Nok Air) has submitted its business rehabilitation plan to the relevant agency, the company’s chief executive officer Wutthiphum Jurangkool reported to the Stock Exchange of Thailand on Monday.
Nok Air had filed for rehabilitation of its debts and the Central Bankruptcy Court had accepted the case on July 30, 2020. The court then issued an order for the airline to proceed with rehabilitation and appointed planners as proposed by the company on November 4, 2020.
The Cabinet secretary then announced the appointment of rehab planners in the Royal Gazette on December 15, 2020, which required planners to submit a rehab plan to the agency concerned by March 15, 2021.
The planners, however, sought to extend the deadline twice, by a month each time, and consequently, the date for submission of a rehabilitation plan was postponed to May 15 this year.
Since May 15 was a Saturday, the planners submitted the rehab plan on Monday. The receiving agency will determine and set a date for a meeting of creditors who have voting rights to consider the rehab plan.
“The company will report on the progress of the rehabilitation plan and other related matters,” Wutthiphum said.
CPF unveils “MEAT ZERO” the meat that is made from plants and manufactured to feel, taste, and appear like real meat thanks to “PLANT-TEC” innovation. The new product, expected to appeal to health-conscious consumers is affordable and available as ready-to-cook material and ready-to-eat menu
Charoen Pokphand Foods PLC (CPF) unveils “MEAT ZERO”, the meat that is made from plants and manufactured to feel, taste, and appear like real meat thanks to “PLANT-TEC” innovation. The new product, expected to appeal to health-conscious consumers, is affordable and available as ready-to-cook material and ready-to-eat menu through 7-Eleven and modern trade outlets across Thailand.
Under the goal to attain the top alternative meat brand in Asia within 2022 and the world’s top 3 within 2026, “MEAT ZERO” will simultaneously penetrate markets in Asia, Europe and the United States, taking advantage of CPF’s customer base in over 100 countries worldwide.
Advanced innovation
As plant-based meats are gaining popularity across the globe, CPF, a leading agro-industrial and food business operator in Thailand and worldwide, has been inspired to throw huge supports on the research and development of alternative meats for more than 2 years. In collaboration with world-renowned experts from the United States, Japan and Taiwan as well as food scientists of Chulalongkorn University and Mae Fah Luang University, CPF RD Center eventually discovered the“PLANT-TEC” innovation that creates the perfect texture, taste, smell and feel of real meat.
Mr. Prasit Boondoungprasert, chief executive officer of CPF, said that the success is echoed by a sample group’s confirmation that “MEAT ZERO” delivers the texture and taste of real meat.
“MEAT ZER0” is as tasty as real meat and consumers are barely able to tell if they are eating plants or real meats thanks to the outstanding achievement of CPF RD Center which has worked closely with the world’s leading research houses. We’re proud of this innovation and confident that our product will be warmly received by consumers in Thailand and overseas,” Mr. Prasit said.
Satisfying answer to various consumer groups
“MEAT ZER0” contains health nutritions. Consumers are promised plant-based protein, high fiber which is good for intestine and bowel and low cholesterol. Meanwhile, it aims to satisfy consumers who are cutting down meat consumption. As such, it is a recommended option for various consumer groups, whether they are seeking ways to stay more healthy or to reduce impacts on animals.
“Consumers have become more health-conscious. Some opt to control food intakes while others are losing weight. Some avoid meats on birthdays. Others turn to veggie food when they can, better known as flexitarians. Demand for meatless food options has consequently been skyrocketing. However, the options are pricey and quite difficult to find. “MEAT ZERO” is the answer. It is accessible in terms of pricing and marketing channels. We’re confident that it will definitely generate Bt250 million revenue within 2022 as expected.”
“MEAT ZERO” is priced relatively close to real meat. It is available as ready-to-eat food, with popular menus like plant-based bologna sausage, pork burger, rice with Phat Kraphrao and spaghetti with chopped meat. All are in the price range of Bt35-Bt45. Consumers can also buy uncooked meat products like plant-based chicken nuggets, plant-based minced pork, and plant-based crispy pork, all priced at Bt69. The items will be available at 7-Eleven, Makro, Lotus and modern trade outlets across the country. Famous actor Naphat Siangsomboon has agreed to be the first presenter of “MEAT ZERO”, who will promote the slogan of “Start now to change the world”.
Penetrate export markets, to become the world’s top 3 Vegans and flexitarians are numbered about 29% of global population. With customer base in over 100 countries, CPF will use it as the springboard to market “MEAT ZERO” in Asia, Europe and the United States. Asia will be first to be penetrated in 2021 and CPF is confident that “MEAT ZERO” will be the best-selling alternative meat brand in Asia within 2022. The distribution in Europe and the United States, home to most flexitarians, will start in 2023 and “MEAT ZERO” is expected to be the top 3 alternative meat brand within 2026.
“”MEAT ZER0” will be the world’s top 3 alternative meat brand within 3-5 years. Meanwhile, CPF will pursue the path to become a full-fledged food tech company that responds to the food needs of all consumer groups,” Mr. Prasit concluded.
Nation Thailand is looking to hire two translators who have the ability to analyse and understand details of news content. They are expected to be able to create attractive content and have excellent writing skills in the English language.
Experience: 0 to 3 years in news media
Job description: • Study given material and research terminology • Convert text and audio recordings from Thai to English • Write English subtitles for video and online presentations • Follow up with team members and clients to ensure the translation meets their needs
*Those who have no experience in news or translation will be provided with training.
Interested candidates can email their resume, expected salary and recent photo to busdsk@nationgroup.com.
Iconsiam launches restaurant delivery service with True Food
Iconsiam has joined hands with True Food to launch an at-home dining campaign with the complex’s many restaurants.
“Wondrous dining: True Food X Iconsiam” allows customers to order food deliveries via the TrueID mobile application.
Users with True Points can earn discounts of up to THB240 on their order and THB90 on their delivery cost (one point per baht).
“The campaign enables people to eat delicious food despite working from home because of Covid-19,” Iconsiam director Supot Chaiwatsirikul explained.
The service is also designed to support restaurant operators, other food businesses and delivery drivers.
It offers users a choice of menus from over 50 restaurants and cafés in Iconsiam.
Iconsiam launches restaurant delivery service with True Food
They include Old Street Bak Kut The, Tapas by Nan Charcoal Grill, Bankara Ramen, Brix Dessert Bar, Yenly Yours, Karun Thai Tea, Kamui Hokkaido Dining, Tsukiji Takewaka and Kissyan. Orders over THB500 will receive a THB100 delivery discount until June 30.
Iconsiam launches restaurant delivery service with True Food
B.Grimm Takes Stake in EEC-DT Joint Venture to Develop Eco-Friendly Systems
B.Grimm Takes Stake in EEC-DT Joint Venture to Develop Eco-Friendly SystemsMr. Kecha Thirakomen, Chairman of EEC Engineering Network, said: “I am delighted and honored that B.Grimm, a leading engineering company nationally and internationally, has jointly invested in EEC-DT. This acquisition will boost the potential and business expansion opportunities for EEC-DT to develop systems for energy management, the environment, climate, and healthy, sustainable living environments.”
Carabao group supports the fight COVID19 with donation of 75% sanitizing alcohol
Charoen Pokphand Foods PLC (CPF) launchs long-awaited plant-based
Iconsiam launches restaurant delivery service with True Food
Iconsiam launches restaurant delivery service with True Food
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