Thai developer signs MoU for building two industrial estates in Vietnam #SootinClaimon.Com

Posted on December 26, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Thai developer signs MoU for building two industrial estates in Vietnam

Dec 25. 2020David Nardone, group executive industrial and international as well as vice-chairman of WHA Corporation

By The Nation

WHA Industrial Development, a leading developer of industrial estates in Thailand and Vietnam, has signed a memorandum of understanding (MoU) with Thanh Hoa provincial authorities to develop to industrial zones in the province.

The first project, called the WHA Smart Technology Industrial Zone – Thanh Hoa, will cover approximately 600 hectares and an additional 30 to 50 hectares devoted to homes.

The second project, WHA Northern Industrial Zone – Thanh Hoa, will cover a gross area of about 540 hectares and will target downstream industries such as plastics, rubber, chemical and bio-chemical products, metal fabrication and foundries to name a few.

Both parties will immediately commence the necessary process for obtaining licences and approvals, with construction expected to commence in 2023 and 2022, respectively.

With a population of 3.6 million people, including a labour force of 2.3 million, Thanh Hoa, located in the north central region, is Vietnam’s third largest province. Its proximity with the capital Hanoi and the city of Haiphong is beneficial in terms of connectivity, logistics, infrastructure and access to the Hanoi International Airport and Lach Huyen Deep Sea Port.

David Nardone, group executive industrial and international as well as vice-chairman of WHA Corporation, said: “This WHA Thanh Hoa PPC MoU will reinforce our presence and growth strategy in Vietnam. The two WHA projects present location advantages to target specific market opportunities.”

The first project, 12km from the province’s main city and with its educated workforce, will capture demand from high-value technology companies.

The second project, located near the well-established Nghi Son petrochemical complex, will further enable the integration of petrochemical and metal supply chains, he said.

Huawei signs pact with Walailak University to develop ICT professionals in southern Thailand #SootinClaimon.Com

Posted on December 26, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/biz-moves/30400140?utm_source=category&utm_medium=internal_referral

Huawei signs pact with Walailak University to develop ICT professionals in southern Thailand

Dec 24. 2020

By THE NATION

Huawei Technologies (Thailand) signed a memorandum of understanding with Walailak University (WU) in Nakhon Si Thammarat province to better equip students with next-generation technologies and prepare them for the job market, the companies said in a press statement on Wednesday.

As part of the Huawei ICT Academy programme, the partnership aims to introduce advanced IT knowledge through practical courses and on-the-job training.

The MoU was finalised at Walailak University by WU president Prof Dr Sombat Thamrongthanyawong and Huawei Technologies (Thailand) CEO Abel Deng.

Under the initial partnership, Huawei will provide the university with knowledge and training resources on advanced network technology.

“WU students will be accorded learning opportunities in authentic work situations that will give them real-world awareness, skills and flexibility, using tools and resources from the Huawei ICT Academy programme. To prepare them for the digital workforce, qualifying students will be given the chance to participate in the Huawei ICT Competition and Huawei ICT Job Fair, two of Huawei’s flagship ICT skills promotion initiatives. The company’s long-standing commitment to form a better-informed generation of talent will be the basis of this collaboration,” the statement said.

The MOU signing ceremony was followed by the endowment of Huawei Enterprise Routers, Ethernet Switches and Huawei IdeaHub, and a smart whiteboard for collaborative learning, to Prof Dr Sombat.

This ICT equipment will be instrumental in supporting the training and nurturing the most deserving ICT students, the statement said.

“Huawei gives tremendous importance to this collaboration with Walailak University, and it is our pleasure and honour to work with the academic community of Thailand’s southern region,” said Deng.

“We are determined to work more closely with universities across the country to better equip students with the next generation of technologies. We have created the Huawei Asean Academy (Thailand) as an educational platform to demonstrate to the youth that they are capable of becoming outstanding ICT talent in a world-class workforce,” he added.

“We are very excited about this MOU that combines theoretical and practical training, because of its potential to inspire more students who can help transform the country’s IT landscape,” said Prof Dr Sombat. “I would like to express my gratitude to Huawei for helping us provide our students with learning solutions to promote digital development. We are confident that this initiative will go a long way to build a stronger and more skilled ICT workforce for the country.”

Huawei, in cooperation with Huawei ICT Academy, looks forward to building more win-win partnerships with Thailand’s academic community, developing an environment of progress, innovation and value for the youth, and identifying and forming future leaders, as the country moves towards Thailand 4.0, the statement added.

CIMBT targets 5 per cent expansion in retail loans next year #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400217?utm_source=category&utm_medium=internal_referral

CIMBT targets 5 per cent expansion in retail loans next year

CorporateDec 25. 2020

By THE NATION

CIMB Thai Bank (CIMBT) has said that the bank has set a target for retail loans in 2021 to expand from Bt138 billion to Bt145 billion, or 5 per cent.

Tan Keat Jin, deputy Head of Consumer Banking, said this year loans in this category contracted by 1-3 per cent due to the impact of the Covid-19 outbreak.

“We expect loans for buying houses and used cars to grow significantly next year as in the second half of this year the demand in these categories has been continually rising,” he said.

“Currently home loans are accountable for 60 per cent of total retail roans, while used-car loans take up 30 per cent.

“Used-car loans have higher profit margin at around 6-7 per cent compared to loans to buy new cars at only 1-2 per cent,” he added.

Tan added that next year CIMBT expected to keep the amount of non-performing loans (NPLs) at a suitable level, as he believed the economy would start to recover provided the new Covid-19 outbreak is limited to only some provinces.

“One of our missions is to provide borrowers with moratorium and debt restructuring service to prevent them from becoming NPLs,” he said.

“Statistics show that after the repayment suspension, up to 70 per cent of customers were able to continue repaying their debt, while 20 per cent are still in need of additional assistance. We hope to reduce this number down to 5-10 per cent next year.”

CIMBT also targets up to 25 per cent expansion in fee from its wealth management services, which it has developed into a digital wealth management platform to provide customised services to its ‘CIMBT Preferred’ and private banking customers.

SET surges more than 2% for second day in a row #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400245?utm_source=category&utm_medium=internal_referral

SET surges more than 2% for second day in a row

EconDec 25. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,486.31 on Friday, up 34.79 points or 2.40 per cent. Total transactions amounted to Bt88.24 billion with an index high of 1,486.84 and a low of 1,462.77. The SET rose more than 2 per cent for the second successive day after gaining more than 2.37 per cent on Thursday.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,465 points amid news that the European Union and Britain had reached a deal on Brexit, and Thailand had escaped a nationwide lockdown after the latest Covid-19 outbreak.

However, the index would come under pressure from the decline in fund flows over the Christmas and New Year period, said the analyst.

The 10 stocks with the highest trade value today were DELTA, AEONTS, KEX, IVL, SA, IRPC, BANPU, SAWAD, PTTGC and MTC.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 26,656.61, down 11.74 points or 0.044 per cent.

China’s Shang Hai SE Composite Index closed at 3,396.56, up 33.45 points or 0.99 per cent, while Shenzhen SE Component Index closed at 14,017.06, up 101.48 points or 0.73 per cent.

Taiwan’s TAIEX Index closed at 14,331.42, up 51.14 points or 0.36 per cent.

Hong Kong’s Hang Seng Index and South Korea’s KOSPI Index were closed for Christmas Day.

Banks preparing cash reserves to support New Year revelry nationwide #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400238?utm_source=category&utm_medium=internal_referral

Banks preparing cash reserves to support New Year revelry nationwide

EconDec 25. 2020

By The Nation

Banks are preparing cash reserves to accommodate withdrawals during the New Year holidays.

Kasikornbank is planning to allocate Bt36.8 billion for its KBank branches and ATMs from December 28 to January 1.

Of that, Bt10.5 billion will be distributed among KBank’s 860 branches nationwide, with Bangkok getting Bt4.5 billion. Another Bt26.3 billion will be loaded into 8,200 KBank ATMs nationwide, with a whopping Bt14 billion allocated to Bangkok ATMs to support revelry.

Meanwhile, Krungsri will allocate cash reserves of Bt15.24 billion for its nationwide branches and ATMs from December 28 to January 3.

Of the total, Bt11.052 billion will be allocated to its ATMs and Bt4.19 billion to branches. Krungsri had around 632 branches and around 6,121 ATMs as of November.

The Siam Commercial Bank (SCB) is preparing a cash reserve of Bt63 billion, Bt45 billion of which will be for ATMs and Bt18 billion for branches. The bank had 860 branches and 11,926 ATMs nationwide as of November.

Bangkok Bank is preparing cash reserves of Bt50 billion for all its service channels, including ATMs, to cater to spending during December 31 to January 3.

Delta shares continue rapid rise this year, jumping 19 per cent on a day #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400220?utm_source=category&utm_medium=internal_referral

Delta shares continue rapid rise this year, jumping 19 per cent on a day

EconDec 25. 2020

By The Nation

The share price of Delta Electronics (DELTA) has continued to soar since the beginning of this year.

In the morning session on Friday, DELTA’s share price opened at Bt638 per share, up Bt102, or 19 per cent.

The price of DELTA shares rose from Bt53.50 per share at the beginning of this year amid the Covid-19 crisis, as its performance surpassed the market’s expectation.

DELTA’s second-quarter net profit was Bt2.02 billion, up 132 per cent year on year, while its third-quarter net profit was Bt2.64 billion, up 327 per cent year on year.

With the growth in performance and market capitalisation, DELTA was listed in MSCI Global Standard, FTSE SET Large-Cap Index, SET50 and SET100

As of December 24, DELTA’s market capitalisation was Bt668.59 billion, up Bt604.04 billion compared to 64.55 billion at the beginning of this year.

THAI to request more time to finalise rehab plan #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

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https://www.nationthailand.com/business/30400178?utm_source=category&utm_medium=internal_referral

THAI to request more time to finalise rehab plan

CorporateDec 25. 2020

By The Nation

Thai Airways International (THAI) will next week ask the central bankruptcy court to extend the deadline for submission of its business rehabilitation plan by a month, from January 2 to February 2, said acting president Chansin Treenuchagron.

Chansin said he was confident the carrier could carry out the plan successfully. According to law, the rehabilitation plan must be fully implemented in five years, after which the rehab process can be extended twice for one year each time.

The carrier has continued to see revenue from both its aviation and non-aviation businesses, said the acting president.

He said THAI planned to trim costs by another 30 per cent next year.

CP Foods promises migrant workers kept safe amid new wave of Covid infections #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400180?utm_source=category&utm_medium=internal_referral

CP Foods promises migrant workers kept safe amid new wave of Covid infections

CorporateDec 24. 2020

By The Nation

Charoen Pokphand Foods (CP Foods) announced on Thursday that it will ensure the safety of all its staff, especially migrant workers, who it says are being treated in line with international standards.

Pimonrat Reephattanavijitkul, CP Foods’ executive vice-president, said the company has been maintaining high health and safety measures in its operations since the arrival of the Covid-19 virus early this year.

She said CP Foods has pledged to keep all its staff safe, regardless of their role or nationalities, with extra focus on migrant workers who are more vulnerable.

For instance, she said, workers are provided with accommodation and transportation between work and home. Stringent Covid-19 prevention measures such as temperature scanning and social distancing have also been put in place.

Besides, the company has hired translators to help migrant workers understand their rights.

“CP Foods is a workplace of diversity and we are building mutual understanding among our employees of all nationalities equally. Our goal is to ensure they are secured from this new wave of infections,” Pimonrat said, adding that CP Foods is also providing free food to workers in Samut Sakhon, which has been placed under lockdown.

Migrant workers can also voice their concerns and seek advice via a hotline service operated by the Labour Protection Network (LPN). The hotline service is available in Khmer, Burmese, English and Thai.

During the outbreak, LPN arranged a training programme via video conferencing to encourage workers to follow Covid-19 prevention measures as well as have a basic understanding of their rights.

CP Foods currently has some 9,000 migrant workers in Thailand who have been recruited under a government-to-government deal. These workers are entitled to benefits and social welfare in line with Thai labour laws.

Decline in year-end funds flow could check SET surge after Brexit deal #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400214?utm_source=category&utm_medium=internal_referral

Decline in year-end funds flow could check SET surge after Brexit deal

EconDec 25. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index surged by 30.20 points, or 2.08 per cent, to 1,481.72 in the morning session on Friday.

However, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,465 points amid positive news that the European Union and Britain had reached an agreement on Brexit, while the Thai government had not imposed a nationwide lockdown in response to the latest virus outbreak.

“The index would be under pressure due to the decline in funds flow during the Christmas and New Year festivals,” he said.

He recommended that investors buy:

▪︎ TQM, BLA, STGT, AJ, PTL, SYNEX and COM7, which benefit from the Covid-19 outbreak.

▪︎ PTTEP, PTTGC, TOP and IVL which benefit from rising oil price, while their fourth-quarter performance is expected to improve.

The SET Index closed at 1,451.52 on Thursday, up 35.50 points or 2.51 per cent. Total transactions amounted to Bt103.03 billion with an index high of 1,453.87 and a low of 1,409.75, boosted by mass buy-ups of energy, bank, financial and electronic shares in response to the Brexit and lockdown news.

Delay in rollout of US economic package could pressure gold price #SootinClaimon.Com

Posted on December 25, 2020 by SoClaimon

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/30400213?utm_source=category&utm_medium=internal_referral

Delay in rollout of US economic package could pressure gold price

EconDec 25. 2020

By The Nation

The price of gold was unchanged in morning trade on Friday, the Gold Traders Association reported.

As of 9.17am, the buying price of a gold bar was Bt26,650 per baht weight and selling price Bt26,750, while gold ornaments cost Bt26,166.16 and Bt27,250, respectively.

Spot gold price moved to US$1,879 (Bt56,541) per ounce in the morning, while Comex (Commodity Exchange) gold price to be delivered in February next year rose by $5.1 to $1,883.2 per ounce on Thursday.

However, gold is expected to move in a narrow range on Friday as many important gold markets worldwide were closed for Christmas Day.

Meanwhile, gold price was pressured by uncertainty over a delay in the rollout of US economic stimulus package after President Donald Trump said he would not sign the measures.