Greater digitisation of oil and gas industry opens the door to more attacks, warns cybersecurity expert #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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Greater digitisation of oil and gas industry opens the door to more attacks, warns cybersecurity expert (nationthailand.com)

Greater digitisation of oil and gas industry opens the door to more attacks, warns cybersecurity expert

CorporateNov 27. 2020 Aasef Iqbal, Sr. Specialist - OT Cybersecurity, Fortinet Aasef Iqbal, Sr. Specialist – OT Cybersecurity, Fortinet

By Sirivish Toomgum
The Nation

More surfaces are becoming susceptible to digital attack as businesses are relying more on connected digital infrastructure to boost their operation efficiency, said Aasef Iqbal, senior specialist – OT Cybersecurity at Fortinet.

California-based Fortinet develops and markets cybersecurity products and services.

Iqbal was speaking on the issue of digital security in the oil and gas sector at the “Secure OT 2020: Innovation through Disruption” hosted by Fortinet on November 24 and 25.

In his speech, he advised oil and gas organisations to identify the weakness in their infrastructure and apply risk-based approach. He also told them to develop a holistic cybersecurity strategy by following industry standards.

He added that the companies should check their security systems for any gaps that might exist by using industry standard compliance frameworks, which can also be used for continuous improvement.

He added that oil and gas businesses rely more and more on digital technology as part of their digital transformation. They are digitising or sensorising their production process, which is increasing the number of intelligent devices connected to their control network to help with immediate business decisions.

Digital transformation has continued to grow in response to increased collaboration between stakeholders and markets, as well as the use of

process automation to optimise resources and time, he said.

The current business environment also demands the implementation of technology to enable workers to remotely take part in business

functions, Iqbal said.

He added that when there are many different digital products being used in an infrastructure, there are many different technologies to manage. Hence, the challenge is to maintain a balance between people, process and technology.

Companies in the oil and gas industry also need programs to defend and protect themselves from threats such as ransomware. This solution should work automatically due to shortage of staff.

Nation TV to unveil new look on Dec 15 #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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Nation TV to unveil new look on Dec 15 (nationthailand.com)

Nation TV to unveil new look on Dec 15

CorporateNov 27. 2020NMG chairman of executive directors Shine Bunnag

By The Nation

Nation TV will announce its plan to adjust news programming and introduce fresh news anchors on December 15, said Nation Multimedia Group (NMG) chairman of executive directors, Shine Bunnag, on Friday.

He expressed confidence that the changes would be welcomed enthusiastically by viewers.

Several of the channel’s veteran news anchors, including Kanok Ratwongsakul, recently resigned.

One Enterprise takes over GMM Channel #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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One Enterprise takes over GMM Channel (nationthailand.com)

One Enterprise takes over GMM Channel

CorporateNov 27. 2020Takonkiet Viravan

By The Nation

The One Enterprise (ONE) announced on Friday that it is taking over GMM Channel Holding (GMMCH) to enhance its entertainment business.

Takonkiet Viravan, ONE’s chief executive officer, said the acquisition of GMMCH will support his company’s expansion plans as he believes the entertainment business will grow next year.

He said ONE will be responsible for marketing and co-producing content for the GMM25 television channel, using the experience it has gained from managing the ONE 31 channel.

This decision was made after GMM Grammy, Siridamrongdham and ONE got together to find a way of improving their businesses.

With this acquisition, some staff members will have to be shifted or laid off. ONE will hold a press conference to reveal its business direction at the GMM Grammy Place on December 1.

SET edges up on hopes of foreign fund inflows #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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SET edges up on hopes of foreign fund inflows (nationthailand.com)

SET edges up on hopes of foreign fund inflows

EconNov 27. 2020

By The NationThe Stock Exchange of Thailand (SET) Index closed at 1,437.78 on Friday, up 4.22 points or 0.29 per cent. Total transactions amounted to Bt77 billion with an index high of 1,444.53 and a low of 1,429.43.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,425 and 1,445 amid hopes of foreign funds inflows.

“However, the SET’s tight valuation and signs of overbought stocks, together with uncertainty over pro-democracy protesters’ anti-government rally on Friday, will pressure the index,” he said.

The 10 stocks with the highest trade value today were SCGP, GPSC, PTT, KBANK, DELTA, AOT, ADVANC, GULF, BANPU and EGCO.

As of 4.30pm, the price of oil dropped by US$0.63 or 1.38 per cent to $45.08 per barrel, while gold rose by $2.80 or 0.15 per cent, to $1,814 per ounce.

Other Asian indices were on the rise:

Japan’s Nikkei Index closed at 26,644.71, up 107.40 points or 0.40 per cent.

China’s Shang Hai SE Composite Index closed at 3,408.31, up 38.57 points or 1.14 per cent, while the Shenzhen SE Component Index closed at 3,408.31, up 38.57 points or 1.14 per cent.

Hong Kong’s Hang Seng Index closed at 26,894.68, up 75.23 points or 0.28 per cent.

South Korea’s KOSPI Index closed at 2,633.45, up 7.54 points or 0.29 per cent.

Taiwan’s TAIEX Index closed at 13,867.09, up 21.43 points or 0.15 per cent

UOB becomes first bank in Asia to launch smart city finance framework #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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UOB becomes first bank in Asia to launch smart city finance framework (nationthailand.com)

UOB becomes first bank in Asia to launch smart city finance framework

Nov 27. 2020

By THE NATION

UOB on Thursday kicked off the UOB Smart City Sustainable Finance Framework (UOBSCSFF), the first financing framework to be launched by a bank in Asia that makes sustainable financing more easily accessible to companies contributing to the creation of smart cities.

Aligned with the United Nations’ Sustainable Development Goals (SDGs), UOB’s framework is supported via Singapore’s Green and Sustainability-Linked Loan Grant Scheme.

UOB’s framework sets out the criteria corporate and institutional clients must meet when accessing services from green or sustainability-linked loans and trade finance facilities to other banking products.

According to the criteria, the company is required to have a clear sustainability strategy and objectives to achieve their targets and must use the funds to further their sustainability agenda.

Businesses are also required to demonstrate how their activities promote a better quality of life such as through the use of renewable energy, construction of green buildings, improved energy efficiency, green transportation, sustainable water and waste management and climate change adaptation. UOB will monitor the company’s use of the loan and the environmental and social impact its business activities have on an annual basis.

Companies committed to building sustainable and smart cities can apply for sustainable financing without having to develop their own financing framework which can take time and resources. This means that they can focus their resources on contributing to a better environment for all.

Frederick Chin, head of UOB’s Group Wholesale Banking and Markets, said: “The UN estimates that US$2.5 trillion is required annually for developing countries to bridge the financing gap in achieving the SDGs by 2030. Financial institutions can and must play a part, together with governments and businesses, to help channel more funds to sustainable development. Such efforts will go a long way in making the cities of Asia more sustainable and liveable.”

The bank also launched the UOB Real Estate Sustainable Finance Framework last year to help finance the construction of sustainable buildings.

Nestle invests over Bt4 billion to expand operations in Thailand #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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Nestle invests over Bt4 billion to expand operations in Thailand (nationthailand.com)

Nestle invests over Bt4 billion to expand operations in Thailand

Nov 26. 2020Victor Seah, chairman and chief executive officer of Nestlé Indochina

By The Nation

Global food and beverage giant Nestle announced that it is investing more than Bt4.5 billion to expand production at its three factories in Thailand as well as improve its presence online.

This move will also expand the number of Nestle products that are available to Thai consumers.

Victor Seah, chairman and chief executive officer of Nestlé Indochina, said: “Even though this is a challenging year, Nestlé believes in the Thai market and sees strong potential for long-term growth.

“This is why we invested in three key factories, in Amata and Bangchan as well as the Navanakorn 7 UHT plant. They will serve increased demand in pet food, ice cream and UHT beverage markets.”

Strengthening pet food portfolio

With more people treating pets as friends and family, the demand for pet food in Thailand has increased substantially. Even with the Covid-19 outbreak, with many consumers reducing spending in other categories, pet food is still seen as a necessity.

They are also willing to pay more for better quality, premium products for their pets.

Nestlé is investing Bt2.55 billion to build a new factory in the Amata industrial estate to boost its production capacity and strengthen its pet food portfolio. Production will start in mid-2021.

Introducing product innovations

Nestlé’s factory in Minburi’s Bangchan industrial estate produces ice cream. To satisfy consumers’ need for indulgence, Nestlé continually introduces innovations into the ice cream market, such as mochi ice cream that rides on the market trend of Korean and Japanese ice cream flavours.

Nestlé allocated Bt440 million to expand production lines at the Bangchan factory in October this year.

Healthy products in green packaging

The new Navanakorn 7 UHT plant produces Nestlé’s UHT product range such as Milo and Bear brand milk. Research from Nielsen shows that UHT products in the cow’s milk and chocolate malt beverage categories will grow at close to 3 per cent over the next three years, demonstrating Thai consumers’ preference for on-the-go products that are healthy and convenient.

To capture this opportunity, Nestlé allocated Bt1.530 billion, which began ramping up production in May 2020. This state-of-the-art facility reflects the global eco-trend by introducing recyclable packaging innovations. For example, Milo UHT is the first UHT product in Thailand to come with a paper straw, which aims to eliminate the use of over 500 million plastic straws in 2021.

In addition to supporting Nestlé’s ambition to have 100 per cent recyclable or reusable packaging by 2025, these three factories have environmentally-friendly production processes that reduce the company’s carbon footprint, energy use, water consumption, and greenhouse gas emissions while creating zero landfill.

Adopting technology to drive e-commerce

“Before Covid-19, the e-commerce market was expected to grow 30 per cent. But during Covid-19, we saw acceleration across all categories.

“To respond to digital trends, Nestlé established an e-Business team in 2018. Since then, we have made ongoing investments in both people and systems, with a total investment this year of Bt50 million.

“In addition, we have invested in building up our own marketing and advertising technology and data management systems. This will allow us to offer more personalised services, products, and communications that suit consumers’ needs,” Seah added.

RS on course to meet Bt4.2bn revenue target this year #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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RS on course to meet Bt4.2bn revenue target this year (nationthailand.com)

RS on course to meet Bt4.2bn revenue target this year

CorporateNov 27. 2020

By The Nation

SET-listed RS Plc has maintained its revenue target of Bt10 billion in 2024, said the entertainment company’s chief financial officer Wittawat Wetchabutsakorn.

He added that the company also expects to meet this year’s revenue target of Bt4.2 billion.

RS’s businesses next year are expected to continue to grow thanks to the continued launch of new products to tap the market, he said.

RS is banking on the synergy of its e-commerce and entertainment businesses in what it calls “Entertainmerce” to expand its business. It also aims to move into the petfood industry early next year.

Meanwhile its Channel 8 digital TV operation plans to boost content by launching an additional 10 programmes every year.

RS revenue from sales and services for the third quarter this year was Bt938.4 million, up 6 per cent year on year.

Third-quarter revenue from its e-commerce business was Bt643.6 million, up 45.4 per cent year on year and the highest since its launch in 2015.

TPIPP ‘confident’ of winning bid to build waste-to-energy plants #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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TPIPP ‘confident’ of winning bid to build waste-to-energy plants (nationthailand.com)

TPIPP ‘confident’ of winning bid to build waste-to-energy plants

CorporateNov 27. 2020

By The Nation

SET-listed TPI Polene Power (TPIPP) said it will join bidding to construct two waste-to-energy plants expected to break ground next month.

The plants, in Songkhla and Nakhon Ratchasima, will each cost Bt2 billion and have electricity generation capacity of 8 megawatts and 9.9MW respectively, said TPIPP vice-president Worawit Lerdbussarakam.

The projects come under the government’s Alternative Energy Development Plan (AEDP) 2018 to buy 400MW per year.

“We are confident we will win the bidding because we have expertise in waste-to-energy plant construction,” he said. The company plans to join bidding for other, similar projects.

TPIPP would propose its plan to build a 40MW waste-to-energy plant in Saraburi’s Thap Kwang Subdistrict to the Interior Ministry, expecting to invest up to Bt3 billion, he said.

The company will sell the electricity to the government rather than local cement factories, as previously planned, after demand for cement was hit by the Covid-19 outbreak.

He added that TPIPP had cooperated with local authorities to build 9MW refuse-derived fuel power plants in Samut Sakhon, Chanthaburi, Ayutthaya, and Chonburi’s Sriracha and Ban Bueng Districts.

The Energy Regulatory Commission (ERC) said it will give the go-ahead for the two waste-to-energy plants once it received approval from the Energy Ministry. So far, 21 proposals for the plants have been approved by the Interior Ministry and are awaiting clearance under the AEDP and Power Development Plan.

SET falls amid worries over new pro-democracy protest #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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SET falls amid worries over new pro-democracy protest (nationthailand.com)

SET falls amid worries over new pro-democracy protest

EconNov 27. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 2.76 points, or 0.19 per cent, to 1,430.80 in the morning session on Friday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,425 and 1,445 amid hopes of foreign funds inflows.

“However SET’s tight valuation and signs of overbought stocks, together with uncertainty over pro-democracy protesters’ anti-government rally on Friday would pressure the index,” he said.

He recommended that investors buy:

▪︎ AMATA, WHA, SAT and AH that will benefit from the Regional Comprehensive Economic Partnership pact.

▪︎ MINT, CENTEL and AOT that benefit from the ongoing Covid-19 vaccine development.

The SET Index closed at 1,433 on Thursday, up 17.84 points or 1.26 per cent, with total transactions amounting to Bt80 billion, due to rising oil price and foreign investors’ mass buy-ups of energy, electronics and tourism shares.

Gold price drops after rising the previous day #SootinClaimon.Com

Posted on November 27, 2020 by SoClaimon

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Gold price drops after rising the previous day (nationthailand.com)

Gold price drops after rising the previous day

EconNov 27. 2020

By The Nation

The price of gold dropped by Bt50 per baht weight in morning trade on Friday after rising by Bt50 per baht weight at close on Thursday, the Gold Traders Association reported.

As of 9.31am, the buying price of a gold bar was Bt25,900 per baht weight and selling price Bt26,000 while gold ornaments were priced at Bt25,438.48 and Bt26,500, respectively.

At close on Thursday, the buying price of a gold bar was Bt25,950 per baht weight and selling price Bt26,050 while gold ornaments were Bt25,483.96 and Bt26,550, respectively.

The New York gold market was closed on Thursday for Thanksgiving Day.