Explore and play at Hong Kong’s newest attractions

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Explore and play at Hong Kong’s newest attractions

Explore and play at Hong Kong’s newest attractions

TUESDAY, NOVEMBER 01, 2022

Some things just never get old and Hong Kong is definitely the perfect example of this. The ever-changing and dynamic world city always has new sights in store for visitors and families looking for a wholesome family vacation.

Hong Kong has been quite busy sprucing up its tourism offerings during the pandemic, and here are just a few of the new attractions Hong Kong has to offer: 


Revel in the wonders of Castle of Magical Dreams at Hong Kong Disneyland

A favorite amongst kids and young at heart, the iconic Hong Kong Disneyland recently unveiled its newest castle – the Castle of Magical Dreams, inspired by the Disney Princesses and Queens and how these heroines pursued their dreams. Alongside this new castle is the breathtaking night-time spectacular entitled “Momentous,” where large-scale projections illuminate the castle, transforming it into an inspiring narrative featuring Disney’s beloved characters. 

Filipino Hong Kong Superfan Caren White shares about her visit, “My family saw the fireworks in Disneyland last month and it was beautiful. We loved how they synchronized the music and the water fountains.”

Explore and play at Hong Kong’s newest attractions

Hop onto Exhilarating Escapades at The Peak

To fully appreciate Hong Kong’s iconic skyline, take a trip on the recently upgraded Peak Tram – the ultimate experience to get that Insta-worthy views of skyscraper-flanked Victoria Harbor, Kowloon peninsula, and green mountain peaks. The Peak Tower is also home to Madame Tussauds, Peak Galleria, and Monopoly Dreams – the first Monopoly-themed attraction in the world, sure to bring fun for every family member. Filipino Hong Kong Superfan Richard Juan regards The Peak as “one of the most iconic places in HK as you can see the Harbor at its most majestic angle!”
 

Explore and play at Hong Kong’s newest attractions

Dip and Splash at Water World Ocean Park

After four years in the making, Ocean Park’s Water World finally opened to the public late last year. Water World is Asia’s only year-round, all-weather water park, nestled between rolling hills and magnificent views of the South China Sea. Families can enjoy over 27 different attractions at the park, including a trio of thrilling body slides that can take you through 58-meter-long loops, daredevil free falls, and see-through slides to test your courage.
 

Explore and play at Hong Kong’s newest attractions

Experience Oodles of Fun and Flavors at the Nissin Cup Noodles Museum

Noodle lovers are sure to enjoy this fun-filled Nissin Cup Noodles Museum over at Tsim Sha Tsui. This interactive space features multiple exhibitions highlighting the classic and all-time favorite Nissin Cup Noodles. The museum also offers visitors a chance to make their own version at the My CUPNOODLES Factory – where guests can choose their ingredients, and even design their own packaging.
 

Explore and play at Hong Kong’s newest attractions

Jump into the Biggest Box of Bricks Ever at LEGOLAND Discovery Centre

The largest indoor LEGO playground in Hong Kong is home to 10 LEGO-themed play areas ranging from Kingdom Quest to LEGO friends and many more. This 30,000-square-foot playground boasts 1.5 million LEGO brick creations that feature Hong Kong’s iconic landmarks like Star Ferry and Central Pier! Families can also feast their eyes on their favorite film characters in 4D and build epic LEGO creations alongside master builders – all under one roof.


Learn through play at the Newly Opened Kiztopia

Singapore’s award-winning indoor “edutainment” theme park opened its first overseas flagship in Hong Kong this September. The award-winning 12,000 square feet mega playroom features eight original cartoon characters who will guide kids through the 15 major play zones where they can learn arts and crafts, speech and drama, roleplay, and many more!

Explore and play at Hong Kong’s newest attractions

A wholesome and exciting adventure awaits on your next visit to Hong Kong! Whether a first-time visitor or a returning one, experience Hong Kong and all its new delights through these fresh and fun attractions. Learn more about what Hong Kong has to offer at https://www.discoverhongkong.com/seasia/what-s-new/highlights/newadventures.html

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

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CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

TUESDAY, NOVEMBER 01, 2022

Chula Veterinary Science Research supports dairy farmers to develop their product quality and brands as entrepreneurs of dairy farm businesses under “Saraburi Premium Milk” to stand competitive in the face of economic crisis.

The program hopes to increase Thai farmers’ competitive edge in order to address the looming threat of the Free Trade agreement (FTA) that will go into full effect in 2025 and reduce the economic impacts of the COVID-19 pandemic. Farmers have the opportunity to generate more income by producing high-quality raw milk and enhancing their farm’s production efficiency. This will provide an alternative for more than 16,000 Thai dairy farmers who need to be prepared for the impacts of the threat when dairy products from Australia, New Zealand, the United States and Japan flood the market in 2025 when tariffs are taken away by the FTA.

Production acceleration and diversification of marketing channels of fresh and high-quality milk are the key. So, the research project “the Development of Model Dairy Business and Premium Dairy products, Saraburi Province” was initiated.  Funded by the Program Management Unit on Area Based Development (PMUA), Office of Higher Education, Science Research and Innovation Policy Council (NXPO) since 2021, the research team has been serving as mentor to the dairy farmers in upgrading milk quality, and developing their entrepreneurial skills, while creating prototype dairy farm business model and branding. As a result, three local brands were selected,” says Associate Professor Dr. Kittisak Ajariyakhajorn, Department of Veterinary Medicine, Faculty of Veterinary Science (CUVET), Chulalongkorn University.

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

“This is one of the viable ways Thai dairy farmers can survive. As the major milk-producing countries see the potential of the premium milk market in Asia, with the People’s Republic of China having as high as 26% of premium milk consumers, followed by the United States and Australia, we should also move into the premium milk market in both Thailand and neighboring countries.  Production capability, the freshness of the products, and the ability for fast delivery to consumers will raise our competitiveness compared to the competitions from abroad.”

According to Assoc. Prof. Dr. Kittisak, Chulalongkorn University is well equipped academically to support dairy farmers — from farm management to product processing technology, marketing, and related research. This research project has been supported by the Dairy Research and Technology Transfer for Tropical Dairy Development of CUVET located at the Centre of Learning Network for Region (CLNR), Kaeng Khoi District, Saraburi Province, which serves as the main agency in the dissemination of industry knowledge in farm management, and construction of premium raw milk quality grading and sorting system.  In terms of premium product development, the project partnered with the Chula Faculty of Science to develop product prototypes, and the Chula Business School in business model and marketing.

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

What is premium milk?

Assoc. Prof. Dr. Kittisak described the quality of premium cow’s milk as milk with a high fat content of no less than 4%, protein content of no less than 3.1%, and white blood cells and bacteria not exceeding the standards set by the Food and Drug Administration (FDA), which is above the regular milk standards. These qualities affect the taste of ready-to-drink milk, and when processed into products such as yogurt, cheese, butter, etc., they have a longer shelf life.


Unlocking Thai Dairy Farmers’ Potential

Thailand has about 600,000 dairy cows capable of producing an average of 3,000 tons of raw milk per day or over a million tons per year, totaling 2 billion baht in value. However, milk products only grow 1- 3% per year, so the research team aimed at developing prototype premium milk products that will generate at least 15% more value.

“Saraburi Province” was chosen for this prototype research location, not only for Chula’s learning and research center, but also because it was the origin of dairy cow farming, as well as the country’s leading milk producer.  Currently, there are more than 4,000 dairy cow farmers, or a quarter of the country’s total who can produce about 20 percent of Thailand’s cow milk.

“Dairy farmers in Saraburi suffer from high production costs. The hot weather also reduces milk yields. In addition, the dairy farms in Saraburi are medium-sized farms that cannot sell raw milk directly to the factory,” Assoc. Prof. Dr. Kittisak revealed.  So, the research project assisted the farmers with Precision Dairy Farm Management techniques, a heat reduction system that allow the dairy cows to have better appetites, hence higher milk yields, and quality control of raw milk according to the standards.


Milk Quality Screening

To build a network of high-potential farmers, the research team started by communicating with interested farmers.
Assistant Professor Thanasak Boonserm, Department of Veterinary Medicine, CUVET stressed that “collectors of raw milk had no way to separate excellent-quality raw milk from average lower grade milk, so they pour everything together at milk collection centers or dairy cooperatives before it is sold to processing facilities.

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market

“Farmers who produce premium quality whole milk thus lose the opportunity to fetch a better price for their premium output. Milk processing companies do not have access to premium quality raw milk to process into higher value-added dairy products, while consumers miss the opportunity to acquire premium milk.”

The project selected target farmers from among the 12 members of milk collection centers and dairy cooperatives. Based on the results of the six-month retrospective milk quality review, 114 dairy farmers (out of 4,008) were found to produce premium raw milk. However, they still lacked the ability to do so consistently. So, the team worked with these farmers to improve the quality of raw milk, and the farmers’ thinking process through various learning processes, to enhance their confidence in becoming premium dairy entrepreneurs.

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market


Building 3 Prototype Brands under “Saraburi Premium Milk”

Too often, research and development often focus on the products and leaves the farmers to do their marketing, which is their weakness. But in this research project, we worked together in developing a business model, market test launch, market research, and service design that would promote product distribution that would link to urban consumers.

The project has selected 3 model farms under the “Saraburi Premium Milk” umbrella.  The 3 brands have their uniqueness, namely, Petchpana Milk farm raises their cows with fresh and quality grass, NP Dairy is a zero-waste farm with Bio-Circular-Green (BCG) management, and Be More Milk operates a certified organic dairy farm.  Most recently, the pasteurized milk and Greek yogurt from these 3 farms have been test-launched at CUVET, Chula Sports Center, Lido Connect Siam Square, and distributed through the Line application.

“The market test results are satisfactory and consumers got a new experience of consuming fresh milk, and they can feel the difference from the milk they had consumed before,” Assist. Prof. Thanasak said.

CUVET’s “Saraburi Premium Milk” business model to promote Thai dairy farmers’ competitiveness in the global market


“Saraburi Premium Milk” business model for Thai dairy farmers

Assoc. Prof. Dr. Kittisak, Head of the project, hopes that the “Saraburi Premium Milk” business model will lead to the development of a new milk production value chain that will increase the household income of dairy farmers. The dairy processing business owned by the farmer groups will sustain Thailand’s dairy farming jobs, and consumers will also have more choices for healthy premium dairy products.

“The challenge lies in the farmers’ readiness to start new businesses. Each farmer and cooperative have different policies.  The project, therefore, provides support to the farmers with promising potential to start a premium milk business to be a model and provide reassurance and confidence to other farmers.”

Assoc. Prof. Dr. Kittisak adds that the project is currently studying prototypes of small factories using inexpensive but efficient machinery, that can offer sustainability and expansion into the distribution channels through modern trade and online marketing channels.  He also stressed that the sustainable success of the research project requires government support to formulate a clear policy and push this into the strategic plan of Saraburi Province.

The research project is looking for partners, investors, or farmers who are interested in developing a premium dairy business. For project updates, follow the Facebook page: the Dairy Research and Technology Transfer for Tropical Dairy Development, CUVET.

GULF wins ‘Deal of the Year Awards – Mergers & Acquisitions Deal’ for the tender offer for INTUCH and ADVANC

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GULF wins ‘Deal of the Year Awards – Mergers & Acquisitions Deal’ for the tender offer for INTUCH and ADVANC

GULF wins ‘Deal of the Year Awards – Mergers & Acquisitions Deal’ for the tender offer for INTUCH and ADVANC

MONDAY, OCTOBER 31, 2022

Gulf Energy Development Plc (GULF) received the Business Excellence ‘Deal of the Year Awards – Mergers & Acquisitions Deal’ for the tender offer for securities of Intouch Holdings Plc (INTUCH) and Advanced Info Service Plc (ADVANC) at the 19 th SET Awards ceremony, held at The Stock Exchange of Thailand.

The ‘Deal of the Year Awards’ are selected based on outstanding financial transactions that have made significant impacts on or innovative developments in the capital market such as fundraising, M&As, or other securities offerings within the scope permitted by the Securities and Exchange Commission (SEC).

Yupapin Wangviwat, Chief Financial Officer, GULF, stated, “GULF is honoured tobe awarded the ‘Deal of the Year Awards – Mergers & Acquisitions Deal’ at the SET Awards 2022. This achievement demonstrates the company’s capability to expand into the Digital Infrastructure business as well as to drive earnings growth in the long term. The tender offer for securities of INTUCH and ADVANC marks another key milestone for the company in the past year. GULF, INTUCH and companies in INTUCH Group will continue to collaborate to grow the business together in the future in order to strengthen the business and create sustainable returns to shareholders.”

The SET Awards ceremony was organized by The Stock Exchange of Thailand in conjunction with Money & Banking Magazine to honour listed companies, top management, securities companies, asset management companies, financial advisory companies, and real estate investment trusts with excellent and outstanding performance in various fields, which play aa significant part in the development of the Thai capital market.

Restoring mortgage limit will delay Thai property market recovery: Condo Association

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Restoring mortgage limit will delay Thai property market recovery: Condo Association

Restoring mortgage limit will delay Thai property market recovery: Condo Association

TUESDAY, NOVEMBER 01, 2022

The Bank of Thailand’s plan to restore the loan-to-value (LTV) mortgage limit is a blow to the condominium market just as it was recovering from pandemic impacts, the Thai Condominium Association (TCA) warned.

The LTV rule places limits on loans granted to buyers and deters purchase of condos for speculation, said Athip Pichanon, honorary president of the TCA and the Housing Business Association, on Monday.

The central bank announced recently it would restore LTV rules by year-end to prevent household debt from rising. The LTV has been suspended since October 2021 to soften Covid-19’s impact on the property market.

“The condominium market will likely remain in a slump next year as more than 90% of purchases are by domestic buyers,” Athip said.

“Next year will also bring several negative factors that could drag the market down even further, including rising interest rates and construction costs that could jump up by 10%.”

Athip, who is also vice president of the Chamber of Commerce and Board of Trade, sees Thai economic growth at less than 3% next year but expects the property sector to expand 5-10% as it gradually recovers from pandemic impacts.

Restoring mortgage limit will delay Thai property market recovery: Condo Association

Agreeing with Athip’s warning, Wichai Wiratkaphan, acting director of Government Housing Bank’s Real Estate Information Centre, said the resumption of LTV should be pushed back to the second half of 2023 to allow market recovery, especially in the low-priced and condo-speculation segments.

“Implementing LTV too early will disrupt growth of the condo market since only buyers with high purchasing power will be able to afford properties,” he said.

Restoring mortgage limit will delay Thai property market recovery: Condo Association

Wichai also urged the government to extend the cut in property transfer and mortgage fees to 0.01% until the end of 2023 to help the property market rebound.

Transfer fees have been lowered from 2% and mortgage fees from 1% for properties costing up to 3 million baht since 2019, but the measure is set to expire on December 31 this year.

Related Stories

Central bank insists LTV measure helps regulate property prices

Relaxing of LTV for homebuyers to help property market

Transfer, mortgage fees to stay at 0.01% until Dec 31

Baht halts skid as currency market goes risk-off

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Baht halts skid as currency market goes risk-off

Baht halts skid as currency market goes risk-off

TUESDAY, NOVEMBER 01, 2022

The baht opened at 38.04 to the US dollar on Tuesday, strengthening from Monday’s close of 38.10.

The currency will likely move between 37.90 and 38.15 against the greenback during the day, Krungthai market strategist Poon Panichpibool predicted.

Poon speculated the baht would swing sideways and not strengthen beyond 38 per dollar since the currency market has returned to a risk-off state.

The baht has emerged as Southeast Asia’s worst-performing currency in the second half of 2022, according to Bloomberg. The Thai currency has dropped 7 per cent in that period and hit a 16-year low against the dollar, which is being buoyed by aggressive US policy rate hikes.

The market is now a risk-off state with investors looking to buy gold as its price drops.

However, the baht’s weakening might be limited by the gradual return of foreign investors to the Thai stock market, Poon said.

He advised investors to use hedging tools such as options to manage risks in a highly volatile currency market.

Related stories:

Excise Department considers subsidy for EV batteries to help lower prices of BEVs

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Excise Department considers subsidy for EV batteries to help lower prices of BEVs

Excise Department considers subsidy for EV batteries to help lower prices of BEVs

MONDAY, OCTOBER 31, 2022

The Excise Department will hold talks with manufacturers of batteries for electric vehicles to discuss measures that could further help lower the prices of BEVs, the department chief said.

Ekniti Nitithanprapas, director-general of the Excise Department, said officials were studying subsidies for manufacture of batteries so that the prices of BEVs would go down and become competitive with vehicles using internal combustion engine.

Ekniti said batteries constitute about half the price of a BEV car, hence his department is considering subsidy measures so that the prices of BEVS would be further lowered.

The government had earlier approved subsidies for purchasing BEVs and electric motorcycles and the subsidy rates range from 70,000 baht to 150,000 baht per unit for BEVs depending on battery capacity and 18,000 baht for battery electric motorcycles per unit.

He said BEV battery-making is a key supply chain for BEV manufacturing and EV battery-making is a new S curve industry.

As a result, providing subsidies for the BEV batteries would support the government’s policy to promote S curve industries and promote the environment, social and governance concept, Ekniti added.

“But we’ll have to hold talks with the manufacturers first to consider what would be the best way to provide subsidy,” Ekniti said.

So far, the Excise Department is studying three options:

● Providing subsidies at the level of making BEV battery cells

● Providing subsidies in the process of packing cells into battery modules, or

● Providing subsidies in the process of packing modules in complete battery packs for installation in EVs.

Apart from studying the subsidy measures, the department will also study measures for disposal of used BEV batteries.

He explained that the government aims to have some 600,000 to 700,000 BEV units made in the country by 2030 or about 30 per cent of total vehicle production.

As a result, there will be some 600,000 to 700,000 BEV batteries to be disposed of after they expire.

“We must find ways to recycle these used BEV batteries,” Eknitit added.

Related stories:

Thailand EV sales soar 223% as buyers take advantage of incentives

BoI okays 26 EV manufacturing projects worth THB80bn so far: DES Ministry

GSB launches generous savings accounts to ease Thais’ retirement fears

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GSB launches generous savings accounts to ease Thais’ retirement fears

GSB launches generous savings accounts to ease Thais’ retirement fears

MONDAY, OCTOBER 31, 2022

Nongluck Ajanapanya

The Government Savings Bank (GSB) marked World Savings Day by opening two high-interest saving schemes to help Thais through the cost-of-living crisis on Monday.

Vitai Ratanakorn, president and CEO of GSB, oversaw a ceremony to launch the two new proactive saving schemes.

The first scheme, for medium-term savings, offers annual interest of 4.50 per cent tax-free on money deposited for at least 13 months.

The second scheme, for long-term savings, offers 3.21 per cent annual interest tax-free on money deposited for seven years.

Vitai said that while the government is urging people to spend to boost the economy through domestic consumption, it is also important to set aside money for the long term.

“It is our responsibility to educate people how to balance their spending and savings,” GSB’s chief said.
 

He also vowed to raise interest on savings if the Bank of Thailand decides to hike the policy rate at its next meeting in response to similar moves by the US Federal Reserve. However, GSB loan rates would be kept low for as long as possible.

Thai household savings fell during the Covid-19 pandemic, but with the economy now showing signs of recovery it’s time to encourage people to start saving again, he said.

The new GSB strategy will respond to Thailand’s ageing society by focusing on medium- and long-term saving for retirement.

“These two new savings schemes currently offer the highest interest rate on bank savings accounts. We developed these savings plans not for the benefit of banks but for the benefit of all Thais,” Vitai said.

GSB launches generous savings accounts to ease Thais’ retirement fears

He added that the new schemes may reduce GSB’s margins but its finances and liquidity would remain strong.

GSB has also launched a new app called Coach Aom, which aims to help people on low income understand basic money management. Users will get saving plans tailored to their circumstances to ensure they have sufficient retirement savings.

The simple functions and features of the user-friendly app were developed in collaboration with Chulalongkorn University’s finance and accountancy faculty.

Coach Aom is available on Android devices, with an iOS version to be released soon.

Nongluck Ajanapanya

Asean leading industrial event to be held in Bangkok next year

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Asean leading industrial event to be held in Bangkok next year

Asean leading industrial event to be held in Bangkok next year

SATURDAY, OCTOBER 29, 2022

THE NATION

Intermach & Subcon Thailand, the exhibition of machinery technology and subcontracting industry for parts procurement in Asean, will be held at Bangkok International Trade & Exhibition Centre on May 10-13 next year.

Sanchai Noombunnam, General Manager of Informa Markets, the event organiser, said this event is in accordance with the government’s policy to develop Thai industrial production through technology and innovation. 
 

He said the event next year will be held under the theme “Unlocking The Next Industrial Revolution” highlighting the most recent innovations in metalworking machinery technology to strengthen the industry, such as sheet metal, machine tools, welding, automation & robotics, metrology & testing, and additive manufacturing. 

“It is anticipated that more than 1,000 brands and entrepreneurs from 45 countries will participate in the event to exhibit industry-relevant innovation and technology,” he said.

He explained that the event will feature pavilions of countries and regions, seminars on product upgrades and production capacity expansion, and business matching activities between manufacturers of industrial parts and large operators or buyers.

Asean leading industrial event to be held in Bangkok next year

“More than fifty interesting topics will be presented by speakers and leaders from both Thailand and other countries participated in the discussion,” he said.

Sanchai went on to say that Plastic & Rubber Thailand 2023 will be organised in conjunction with the Intermach & Subcon Thailand 2023 as demand for plastics and rubbers is likely to increase.

He said the event will feature a showcase of cutting-edge technology from an industry prepared to respond to and prepare for megatrends in product production and service delivery. 

“It is anticipated to be a significant starting point for upgrading, adding opportunities, and strengthening Thai entrepreneurs in preparation for the future expansion of the plastics market,” he added.

Event news and information can be followed at http://www.intermachshow.com and http://www.subconthailand.com.

Asean leading industrial event to be held in Bangkok next year

THE NATION

Ambitious woman CEO aims to take Dusit brand to global heights

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Ambitious woman CEO aims to take Dusit brand to global heights

Ambitious woman CEO aims to take Dusit brand to global heights

SUNDAY, OCTOBER 30, 2022

Opal Varunsuda

On the 19th episode of Business Story, Suphajee Suthumpun, Group Chief Executive Officer at Dusit Thani Public Company Limited, discusses the past, present, and future of Dusit Thani.

Dusit Thani: From past to present

Dusit Thani was founded in 1948 by Thanphuying Chanut Piyaoui, a lady with a vision and strong passion, established Princess Hotel on Charoen Krung Road in 1948. Since then the group has been in the hotel business and hospitality services for more than 70 years.

Today, Dusit Thani is the leading hospitality company listed on the Stock Exchange of Thailand; and along with fellow peers in the hospitality industry, Thailand has now become one of the most visited countries in the world.

Suphajee Suthumpun, Group Chief Executive Officer at Dusit Thani Public Company LimitedSuphajee Suthumpun, Group Chief Executive Officer at Dusit Thani Public Company Limited

Suphajee Suthumpun stated that Dusit Thani started from a single hotel in a corner of Bangkok 74 years ago and since then the group has grown rapidly, now expanding to 333 properties across 17 countries.

Dusit Thani currently manages 48 hotels across 5 brands, including full service hotels, luxury hotels, wellness-focused hotels, and lifestyle hotels for millennial travelers. And with Dusit Thani’s recent acquisition of Asia’s largest villa management company Elite Havens in 2018, the group has reached new heights.

Apart from hotel management, Suphajee Suthumpun asserted that Dusit Thani has been focusing on education since 1993.

The group provides education on hotel management, hospitality, and culinary programs; and has over 3,000 students in their system each year. Suphajee Suthumpun further mentioned that Dusit Thani also began expanding into food business and real estate development a few years ago.

DUSIT THANI - DUSIT THANI –

Dusit Central Park: 

With Dusit Thani’s vision “uniquely delivering gracious hospitality to the world”, the group is now expanding with their new project: Dusit Central Park.

Suphajee Suthumpun stated that the location of Dusit Central Park is one of the project’s strengths. Located in Bangkok’s CBD, which is the most convenient spot in Bangkok, the project is accessible by both the underground train and skytrain.

Dusit Central Park: A project which integrates legacy, heritage, and futureDusit Central Park: A project which integrates legacy, heritage, and futureSuphajee Suthumpun explained the Dusit Central Park project consists of 4 key elements: hotel, residence, office, and retail. The hotel is expected to be completed in 2024 during the first quarter; the other elements to be followed in the same year.

Residences will be divided into 2 living concepts: one residence aims at the younger generations who desire urban lifestyle with luxury services, the other aims at those with bigger families who desire larger living spaces. All residences will be provided 24/7 service by the Dusit hotel.

Suphajee Suthumpun stated that the key for this project lies in the integration between legacy, heritage, and future. Finding the balance between heritage and future is viewed as a critical point for Dusit Thani; it needs to capture new customers while giving the experiences that they had delivered to their past customers.

In areas of architecture, the group consulted with experts in determining which elements should be kept to represent Dusit Thani’s past legacy, and which elements to be added to keep up with the ages.

Ambitious woman CEO aims to take Dusit brand to global heights

The pandemic, technology disruption, and shift in consumer preference:

When asked of the challenges Dusit Thani faced during the past 2-year pandemic, Suphajee Suthumpun replied that this period had given Dusit Thani the opportunity to reflect and look into their business model and address the change in consumer expectation and preference.

With technology disruption, Dusit Thani now focuses on collaboration with strategic partners, integrating innovation to deliver to customers, and contribution in growing together with the country, industry, and community.

Suphajee Suthumpun asserted that collaboration, innovation, and contributions all lead to the main objection: to expand, diversity, and balance Dusit Thani’s portfolio.

Suphajee Suthumpun also discussed the change of consumer behavior towards personalized experience. Dusit Thani now aims to understand personal preferences instead of doing mass campaign market segmentation. For insights to customers preferences, Dusit Thani has been spending budget to address data collection and capabilities for the past two years.

Follow the full inteview video episode in Business StoryBusiness Story: Dusit Central Park

Opal Varunsuda

Thailand’s public debt for 2022 still within projection, says govt

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Thailand's public debt for 2022 still within projection, says govt

Thailand’s public debt for 2022 still within projection, says govt

SUNDAY, OCTOBER 30, 2022

Thailand’s public debt as of August stood at 60.72% of the GDP, which is still within the projection for fiscal 2022, the government spokesman said on Sunday.

Spokesman Anucha Buraphachaisri said the ratio is within a range that allows the government to continue launching stimulus measures.

Citing the medium-term fiscal plan for 2023-2026, Anucha said the public debt to GDP ratio should come in at 62.69% this year, far lower than the 70% ceiling.

“Since the economy and society have not fully recovered in the post-Covid era, public debt against the GDP is expected to rise to 64.02% in 2023 and 67.15% in 2026,” he said.

Anucha added that the government’s interest burden is still within control when compared to income, insisting that this government alone was not to be blamed for the surge in public debt.

“The public debt should be compared to the size of the GDP and economy,” he said.