Thai corporates investing THB300m in 5G pro hub to promote e-sports and digital tech

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Thai corporates investing THB300m in 5G pro hub to promote e-sports and digital tech

Thai corporates investing THB300m in 5G pro hub to promote e-sports and digital tech

WEDNESDAY, OCTOBER 26, 2022

Nongluck Ajanapanya

Three Thai corporate giants, Siam Piwat, True Group and Kantana, have teamed up to launch “True 5G Pro Hub” in an effort to support and advance the nation’s e-sports community.

The space is also intended to encourage and educate the country’s young generation about digital technology.

Kantana will be in charge of running the hub, while True will support digital technology devices and equipment, including the 5G network, and Siam Piwat Group will provide the location and oversee the hub’s decoration and maintenance.

Each party will contribute around 100 million baht, for a total of 300 million baht, to run the hub for three years.

(From Left) Jatuporn Laosongchitra, Piroon Paireepairit and Jiraj Kaljaruek(From Left) Jatuporn Laosongchitra, Piroon Paireepairit and Jiraj Kaljaruek

Piroon Paireepairit, strategy committee and head of working group 5G, True Corporation, said at a press conference on Wednesday that the fund includes a budget for holding events, such as e-sport tournaments during this time period.

“This area is expected to be a one-stop shop for e-sports, with space for large tournaments and a community that caters to the needs of both amateurs and professionals. It will also be a new world in which new generation people will be able to use cutting-edge technology to endlessly expand their future skills,” said Piroon.

He insisted that the “True 5G Pro Hub” will accommodate the needs of the three new generation lifestyles of gamers and e-sports participants, Generation Z lifestyles, and future skills.

The hub is currently under construction on the 4th floor of Siam Discovery, said Jatuporn Laosongchitra, senior vice president – core business development, Siam Piwat. One-third of the 2,000 square metres of space have been completed.

It will be officially opened for full service on December 20.

“We believe that ‘True 5G Pro Hub’ will be a new destination for new generation people in the future, full of opportunities for expanding business,” Jatuporn noted.

Jiraj Kaljaruek, director of content and marketing at Kantana Group, a leading content and production company in Thailand, said that the “True 5G Pro Hub” will be another important milestone in driving Thailand’s digital economy to sustainable growth with an economic value of up to 37.6 billion baht.

Thai corporates investing THB300m in 5G pro hub to promote e-sports and digital tech

He emphasised that this is not only an extension and development of the e-sports industry but also skills and lifestyles that the younger generation are interested in, as well as future skills with digital connections.

The hub will be divided into five zones: gaming zone for amateur players to share their skills, private VIP zones for professional players seeking privacy, arena zones for events and e-sports competitions, future skills training zones, and food and beverage services.

The partnership of these three leading companies in real estate, technology and content production highlights the potential growth of Thailand’s e-sports and gamers industry. According to statista.com, the revenue in the e-sports market could reach $5.94 million in 2022. Meanwhile, revenue is expected to grow at a 12.25 per cent per annum, resulting in a market volume of $10.58 million by 2027.

Nongluck Ajanapanya

Academics divided on the impact of conditions set for True-DTAC merger

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Academics divided on the impact of conditions set for True-DTAC merger

Academics divided on the impact of conditions set for True-DTAC merger

WEDNESDAY, OCTOBER 26, 2022

The conditions for the merger of True Corporation and Total Access Communication (DTAC) will benefit the telecom industry, a telecommunications academic said on Wednesday.

Suebsak Suebpakdee said the conditions should be applied to all operators in the industry to ensure maximum benefits for consumers.

The regulator, National Broadcasting and Telecommunications Commission (NBTC), last Thursday voted 3:2 in favour of the proposed merger.

The conditions set for the merged entity include service fee controls and ceiling, independent verification of cost structures and service pricing for at least five years after the merger, market space for the operation of mobile virtual network operators, and separate rates for voice, data and messaging services.

In addition, True and DTAC must use their existing brand names – True Move H Universal Communications (TUC) and Dtac TriNet (DTN) – for three years before they can adopt a new brand name and share their respective frequencies.

“We are confident that the merger will not cause unfair competition or negatively impact consumers,” he said, adding that the merger will instead improve the telecommunication sector’s efficiency and regional competitiveness.

However, Assistant Prof Suchart Tripopsakul, from Bangkok University’s School of Entrepreneurship and Management, said earlier that conditions prioritising consumer benefits may disrupt True and DTAC’s future strategy.

Suchart said the three-year embargo would affect True and DTAC’s plan to combine their strengths to attract more users, the core purpose of the merger. This condition alone would cost True and DTAC the opportunity to become the market leader immediately after the merger, he added.

Bankers warn US, Europe economic slowdown may tame Thailand’s roaring exports

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Bankers warn US, Europe economic slowdown may tame Thailand's roaring exports

Bankers warn US, Europe economic slowdown may tame Thailand’s roaring exports

THURSDAY, OCTOBER 27, 2022

Economists from two leading banks warned on Thursday that the economic slowdown in the United States, the United Kingdom and the European Union may put a damper on Thailand’s hot exports.

The economists, from Kasikorn Research Centre and TTB Analytics Forecast Centre, were commenting on the country’s export performance in September, which beat expectations.

The Commerce Ministry had reported that September’s exports worth US$24.91 billion (941.4 billion baht) expanded by 7.8 per cent, growing for the 19th consecutive month.

The ministry said that during the first nine months of the year, exports valued at $221.3 billion grew by 10.6 per cent.

Kasikorn Research Centre managing director Chao Kengchon said export growth for September was earlier predicted at only 4-5 per cent, but a much higher growth was recorded.

Chao said the impressive performance was attributed to an easing in inadequate supplies of semiconductors, allowing manufacturers of motorcycles and vehicles to resume production for export.

The easing semiconductor shortage also allowed factories that make computer parts to resume manufacturing for export, he added.

Besides, the weakening baht had made Thai goods more competitive, Chao said.

He noted that September’s economic figures were good because both imports and the trade deficit slowed down to $25.7 billion and $853.2 million, respectively.

But he warned that the clear downtrend of economic growth in the US, the EU and the UK would affect Thailand’s exports in the last three months of the year.

With a slowdown in major economies, high inflation rates and possible interest rate rises posing a serious challenge, Thailand’s export growth might slow to 7-8 per cent this year or 2-3 per cent next year, Chao said.

However, Kasikorn Research Centre expects the trade deficit to slow down in the fourth quarter to end at $16.8 billion as global oil prices are likely to fall.

The centre also expects the current account deficit to drop during the remaining months of the year and it might even turn into a slight surplus next year because of a healthy tourism sector revival, with 10 million foreign arrivals likely this year and 20 million in 2023.

The centre has maintained its economic growth prediction at 2.8 per cent this year and 3 per cent next year, Chao added.

Bankers warn US, Europe economic slowdown may tame Thailand's roaring exportsMeanwhile, TTB Analytics Forecast Centre chief Naris Sathapholdeja said that although September’s exports were higher than predictions, exports could slow down during the remaining months of 2022 due to a global economic slowdown.

TTB Analytics predicted that export growth this year would be about 5 per cent.

While Kasikorn saw a downtrend in imports, Naris warned that if imports did not slow down in line with exports, the current account deficit could widen and hurt the country’s economy.

Naris voiced concern that imports continued to expand by two digits, or 15 per cent, in September although it was lower than the predicted 20 per cent.

However, Naris said, the current account received a positive factor from the improving service account thanks to the increase in foreign arrivals.

He said TTB Analytics expected foreign arrivals to reach 10 million this year, which would help bring down the current account deficit to about 1.5 per cent of GDP.

If the number of foreign arrivals next year rises to 15 million, the current account will not see a deficit but reach a balance, Naris said.

However, if the number of foreign arrivals is higher than 15 million, the current account will enjoy a surplus in the second quarter and GDP would expand by 2.8 per cent next year, he added.

Thailand records deficit of over THB600 billion in 9 months

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Thailand records deficit of over THB600 billion in 9 months

Thailand records deficit of over THB600 billion in 9 months

THURSDAY, OCTOBER 27, 2022

Thailand faced a deficit of more than 600 billion baht from January to September this year due to the impact of rising fuel prices on import costs, the Commerce Ministry reported on Thursday.

The kingdom saw a US$14.98 billion (624.78 billion baht) deficit as imports in the first nine months totalled $236.35 billion, up 20.7 per cent year on year, higher than exports worth $221.36 billion, a rise of 10.6 per cent year on year.

The country has recorded a trade deficit for five consecutive years since 2017.

“Even though Thailand had a trade deficit in the first nine months, the country witnessed export growth for 19 consecutive months,” the ministry said.

It expected exports during the remainder of the year to total $20.5 billion-$25 billion, a growth of 8 per cent.

Even though exports expanded, they are likely to slow due to global economic uncertainty and the risk of a recession in partner countries, the ministry said.

Exports to main and secondary markets expanded by 10.6 per cent and 2.9 per cent, respectively – the US (up 26.2%), Asean (up 9%) CLMV (Cambodia, Laos, Myanmar and Vietnam) (up 26.3%), and the European Union (up 18%), the ministry reported.

However, exports to other markets shrank by an overall 40.3 per cent, such as Switzerland (down 4.5%).

“The Commerce Ministry expects Thai exports to gain positive sentiment from an unravelling supply shortage and the weakening baht,” the ministry noted.

It vowed to closely monitor exports as these would be affected by an economic recession in overseas markets amid high inflation and a penchant for interest rate hikes.

NESDC counters World Bank, insists Thailand’s poverty situation has improved

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NESDC counters World Bank, insists Thailand’s poverty situation has improved

NESDC counters World Bank, insists Thailand’s poverty situation has improved

THURSDAY, OCTOBER 27, 2022

The National Economic and Social Development Council (NESDC) on Thursday argued that Thailand’s poverty rate had improved contrary to a recent World Bank report.

NESDC secretary-general Danucha Pichayanan said Thailand’s poverty rate declined from 6.83 per cent in 2020 to 6.32 per cent in 2021 and the number of poor people fell from 4.7 million in 2020 to 4.4 million.

Danucha was responding to a World Bank report titled “Thailand Rural Income Diagnostic: Challenges and Opportunities for Rural Farmers”, which was issued on October 20.

The report stated that from 2015, Thailand’s progress in poverty reduction slowed down and poverty actually rose in 2016, 2018 and 2020 because of a slowing economy, stagnating farm and business incomes and the Covid-19 pandemic.

“In 2020, the poverty rate was over 3 percentage points higher in rural areas than in urban zones and the rural poor outnumbered urban poor by almost 2.3 million,” the report says.

“The majority of the poor (79 per cent) live in rural areas, mainly in agricultural households.”

Danucha explained that the Covid-19 crisis caused the Thai economy to severely contract at the rate of 6.2 per cent in 2020, causing the number of unemployed workers to rise to 650,000.

He said the unemployment rate in 2020 increased by 74.4 per cent from the previous year, while economic contraction caused the poverty rate in 2020 to rise to 6.83 per cent, compared to 6.26 per cent in 2019 when the number of the poor was 4.3 million.

The World Bank report also stated that the distribution of poverty was uneven across geographic regions, with the poverty rate in the South and Northeast almost double the national level.

“In 2019, the average monthly income of rural households was around 68 per cent of urban households,” the report went on to state.

“Rural households in the Northern region have the lowest average income.”

NESDC counters World Bank, insists Thailand’s poverty situation has improvedBut Danucha said most unemployed workers, who returned home to their provinces during the Covid crisis, returned to work as farmers and the farming sector helped absorb the impact from the crisis.

He also noted that in 2020, the farming sector benefited from the rising prices of agricultural crops, allowing farmers to have increased income.

Meanwhile, the prices of farm products rose by 6.05 per cent in 2020, allowing farmers to have higher income at an average rate of 2.27 per cent, Danucha said.

According to him, per capita income between 2019 and 2020 showed that people in rural areas saw their income increase more than those living in urban areas.

In 2019, the average income for rural people was about 7,588 baht per head per month and rose to 8,130 baht, a 7.14 per cent increase, Danucha pointed out.

He said the average income of urban people was 11,712 baht per head per month in 2019, and this rose to 12,018 baht in 2021, a 2.61 per cent increase.

The poverty rate by region in 2021 showed that the South had the highest poverty rate of 11.6 per cent with 1.1 million poor people, followed by the Northeast (11.5%), North (6.84%), Central (3.24%) and Bangkok (0.49%).

The World Bank report also stated that with an income Gini coefficient of 43.3 per cent in 2019, Thailand had the highest income inequality level in East Asia.

Danucha said Thailand’s income Gini coefficient was on the downtrend but he admitted that the impact from the Covid crisis caused the rate to rise from 0.429 in 2020 to 0.430 in 2021.

He said after Thailand’s economy slowed to 2.2 per cent growth in 2019, compared to 4.2 per cent the previous year, the Thai government has been using several stimulus measures to revive the economy.

The measures helped the economy expand by 1.5 per cent in 2021, compared to a 6.2 per cent contraction in 2020, and the unemployment rate in the fourth quarter of 2021 fell to 1.6 per cent compared to 1.9 per cent in the same period of the previous year.

The driving force of the economic revival in 2021 helped the economy expand by 2.3 per cent in the first quarter of this year and 2.5 per cent in the second quarter, while the unemployment rate in the second quarter of this year dropped to 1.4 per cent, the lowest since the Covid pandemic, Danucha added.

Baht could continue strengthening to 37.50: market strategist

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Baht could continue strengthening to 37.50: market strategist

Baht could continue strengthening to 37.50: market strategist

THURSDAY, OCTOBER 27, 2022

The baht opened at 37.65 to the US dollar on Thursday, strengthening from Wednesday’s close of 37.75.

The currency will likely move between 37.50 and 37.75 against the greenback during the day, Krungthai market strategist Poon Panichpibool predicted.

He said market concerns that the US Federal Reserve might increase the interest rate at the end of the year have eased, which has led to a weakening of the dollar.

Meanwhile, the gold price is increasing and foreign investors have returned to purchase long-term bonds worth 6 billion baht for the first time in several weeks.

These factors have caused the baht to strengthen more than expected and exceed its support level of between 37.80 and 37.90 to the dollar, Poon said, adding that the baht might strengthen even more and head past its next support level of between 37.40 and 37.50 if these factors remain.

However, he warned investors to beware of market volatility as results of a key European Central Bank (ECB) meeting are announced.

Investors might sell the euro for profit and cause the currency to weaken if the ECB does not signal a rapid increase in the interest rate or shows concern for an intensified economic slowdown, even though the bank is expected to increase the rate by 0.75 per cent, he said.

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

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

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“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

WEDNESDAY, OCTOBER 26, 2022

Charoen Pokphand Group and True Digital Plus join hands with partners from the government, private sector, and civil society with expertise in sustainable development and video game development to launch a new sustainability-themed mobile game at Thailand Game Show 2022, Queen Sirikit National Convention Center (QSNCC).

These partners include the Department of International Organizations, the Ministry of Foreign Affairs, the Office of the National Economic and Social Development Council, the United Nations Development Programme, the SDG Research and Support Programme (SDG Move), and True Axion Interactive Co., Ltd. The Collectors is a game about collecting trash and protecting the planet. As the first game in Thailand that highlight the principles of sustainable development, The Collectors represents a new dimension in mobile gaming.

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

The Collectors was developed from a prototype game about sorting and recycling waste called Trashed, which was created by the team THAItan, the winner of the SDG Game Fest design and development competition. The aim of the competition was to establish video games as a medium through which audiences can better understand and learn about the Sustainable Development Goals (SDGs) while having fun. The game will help raise awareness among the youth about environmental issues. Furthermore, The Collectors also integrates into its gameplay six key SDGs: Good Health and Well-Being, Quality Education, Clean Water and Sanitation, Responsible Consumption and Production, Climate Action, and Life Below Water.

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

The game is designed to be easy and fun to play, whilst educating players on proper waste management. There are various game modes: Story Mode takes players through the main story; Challenge Mode lets players compete for the best score; and Multiplayer Mode allows 6 players to play together simultaneously. These fun modes teach players about properly managing waste and recycling to protect the environment and lead sustainable lifestyles. The game also does not contain any in-app purchase of any kind.

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

At the launch event’s panel discussion, the partners supporting the development of the game are represented by Ms Cataleya Phatoomros, Director of the Development Affairs Division, International Organizations Department, Ministry of Foreign Affairs, Mr Mana Prapakamol, General Manager True Digital Plus Co., Ltd. & True Axion Interactive Co., Ltd., Ms Aphinya Siranart, Head of Exploration, UNDP Accelerator Labs, Dr Yanin Chivakidakarn Huyakorn, Deputy Director of the Knowledge Communication Department, Center for SDG Research and Support (SDG Move), Dr Thuttai Keeratipongpaiboon, Director of International Strategy and Coordination Division Office of the National Economic and Social Development Council, Mrs Konrawan Sapitaks, Assistant Vice President Global Partnership for Sustainability and Communications, Charoen Pokphand Group Co., Ltd., and Mr Anat Lokaew, member of THAItan Team, winner of SDGs Game Fest competition.

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

Furthermore, the partners will expand the game’s reach both domestically and internationally through their networks, including C.P. Group’s partner educational institutions. The Collectors will raise awareness about sustainable development and serve as a model for many countries to put sustainability into practice. Finally, it will also further empower Thai developers and inject innovation and creativity into the Thai gaming industry, enabling its growth into the global market. News on The Collectors can be followed at https://www.facebook.com/thecollectorsgame

“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development
“The Collectors” launched at Thailand Game Show 2022 as the first game in Thailand that focuses on environmental protection and sustainable development

Connected Car technology set to transform automotive industry, NTT DATA study shows

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Connected Car technology set to transform automotive industry, NTT DATA study shows

Connected Car technology set to transform automotive industry, NTT DATA study shows

TUESDAY, OCTOBER 25, 2022

NTT DATA (Thailand) Co, Ltd, a subsidiary of NTT DATA Corporation and a global digital business and IT service leader, unveiled a study that finds 47 per cent of motorists are ready to switch to a brand that offers new technologies and named the “Connected Car” technology as a key trend the auto industry.

The Connected Car market is projected to hit US$191.83 billion in 2028 in line with technological advancement, market competition and enhanced vehicle safety. The study also identified two challenges faced by the automotive industry and offered suggestions for gaining a competitive advantage.

NTT DATA has partnered with the world’s leading carmakers to develop an application that connects vehicles through TCU technology, whose smart algorithms enable carmakers to gain insight from driving data to create added value and further innovations for businesses covering all aspects of a smart car.

Hironari Tomioka, President and Chief Executive Officer at NTT DATA (Thailand) Co., Ltd., stated that NTT DATA has published a report entitled “Automotive Aftersales” about aftersales in the global automotive industry, for digital customer engagement.

The report finds that 47% of consumers are likely to change a car brand when options with more advanced technologies become available. These include Connected Car technology, which enables cars to connect over networks to other communication devices.

Connected Car is an Internet of Things (IoT) technology that can transmit data and control the vehicle’s operations. 

Connected Car technology set to transform automotive industry, NTT DATA study shows

Connected Car is a technology trend that will enhance market competitiveness in an increasingly connected world. The IoT technology has transformed how we live and work and created business opportunities in all industries, improving customer experience and adding value in business.

It has brought about changes in several industries including the automotive one, leading to cooperation and alliance-building among innovative solutions providers to keep the industry moving and meet current customer needs in the age of digital transformation.

A Fortune Business Insights report says that the global Connected Car market size was USD 55.56 billion in 2020; the market grew to USD 59.70 billion in 2021 and is estimated to reach USD 191.83 billion in 2028.

The projected growth is due to several factors, such as the demand for advanced technologies to gain a position of prominence and strength for a competitive advantage.

An increase in road accidents across the globe also prompts automobile manufacturers to set safety as a top priority. 

However, NTT DATA has identified challenges in overcoming a turning point faced by the automotive industry currently, to create opportunities for competition. These include: 

Connected Car technology set to transform automotive industry, NTT DATA study shows
Connected Car technology set to transform automotive industry, NTT DATA study shows

1. Make a car brand stand out: Not only being a manufacturer or distributor, but the brand has to take into account the delivery of experience to customers through services to maintain customer loyalty.

2. Integration of new technologies to help analyze data without consulting experts may lead to data privacy and security issues, which may affect the vehicle’s functions. 

The Connected Car technology can enhance safety and convenience for drivers as it enables monitoring, management and control of the vehicle via a smart phone.

For example, it allows drivers to use an application to lock/unlock the door, start the car, or turn on the air condition.

It also increases safety for drivers by showing car status, tracking car location on the application in an event of a stolen car, and sending out alerts when entering or exiting an area or when speeding is detected (geo fence & speed alert) and when a severe incident occurs such as an accident that activates the airbag, the system will notify the call center automatically to coordinate assistance from first responders. 

“NTT DATA sees challenges and opportunities that will enable business partners to overcome challenges and maintain their competitive edge in the industry.

This is why we joined forces with the automotive industry to develop an application, with a telematics control unit (TCU) installed in vehicles to connect users to their car via the application, allowing them to control the car remotely with TCU which comes with a smart algorithm.

This enables automakers to gain insights from driving data to build added value and create innovations for business.

Hironari TomiokaHironari Tomioka

NTT DATA offers a Connected Car technology that covers all the needs of automakers and drivers, from setting usage requirements, project planning, compliance evaluation, monitoring and control of IT infrastructure to deliver quality assurance.

In addition, NTT DATA continues to develop services to bring the automotive industry on the path of progress.

” NTT DATA also fully supports the development of electric vehicles (EV) by providing EV charging platforms to become prepared in terms of technology and services and be able to integrate with EVs or develop EV charging stations to accommodate future demand growth.” Hironari said.

Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching

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Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching

Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching

TUESDAY, OCTOBER 25, 2022

The seventh Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), saw more than 80 senior government officials and business leaders from the Belt and Road region gathered on August 31 and September 1, to share their insights under the theme “Heralding a New Chapter: Collaborate and Innovate”.

Continuing in the tradition of being a formal, substantial and high-quality event, the summit saw state leaders and senior officials, regional government leaders and business leaders gathered to explore the business potential of the Belt and Road Initiative, and to drive synergies and create a win-win situation through multilateral collaborations such as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Regional Comprehensive Economic Partnership (RCEP). For the first time, the summit was held in a hybrid format, overcoming geographical boundaries by allowing those who were unable to attend in person to participate virtually. More than 19,000 attendees representing over 80 countries and regions participated online or at the physical event.  

In the opening session, Dr Peter K N Lam, HKTDC Chairman, delivered welcoming remarks. John Lee, HKSAR Chief Executive, delivered the opening address. Han Zheng, a member of the Standing Committee of the Politburo of the Communist Party of China Central Committee and Vice Premier of the State Council of the People’s Republic of China, delivered the keynote speech. Wang Wentao, Minister, Ministry of Commerce, the People’s Republic of China; Hao Peng, Chairman, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the People’s Republic of China and Lin Nianxiu, Vice Chairman, National Development and Reform Commission, the People’s Republic of China, delivered special addresses while Zhang Xiangchen, Deputy Director-General of the World Trade Organization, gave a keynote address.

Mr Lee said in his opening speech: “The global rise of protectionism has reminded us of how important regional co-operation is. We have to work together for the better future of the region. Hong Kong is therefore very pleased to see the Regional Comprehensive Economic Partnership, or RCEP, come into force earlier this year. The landmark agreement underlines the open, inclusive, rules-based trade and investment partnership that RCEP’s member states are committed to realising. We believe that regional economic integration is an essential complement to multilateral trade. Hong Kong is seeking early accession to RCEP. It will enable us to deepen the collaboration and connections we enjoy with our close partners. The Belt and Road was created to build connectivity, to bring business, and people, together. No one does that better than Hong Kong, thanks to our ‘one country, two systems’ principle; thanks to our longstanding East-meets-West experience and the boundless opportunities afforded us in national development.”

Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching

Delivering the keynote speech, Mr Han said: “Hong Kong is an active participant, contributor and beneficiary of the Belt and Road Initiative. We are pleased to see that since the initiative launched, Hong Kong has actively negotiated and signed cooperation agreements with co-construction countries, developing trade and investment cooperation, service standard connection, international financial cooperation and exchange between people. Hong Kong plays an important role in Belt and Road development, as well as expanding its own development space. Hong Kong deserves full recognition for its work in this area. The Central Authorities will adhere to the principle of ‘one country, two systems’ in the long run, fully supporting Hong Kong in maintaining its unique status and advantages. Authorities fully support Hong Kong’s active participation in and contribution to the Belt and Road development.”

Addressing the opening session, Mr Zhang said: “The COVID-19 pandemic, geopolitical tensions, climate change and anti-globalization sentiment are the four major factors that I believe could affect the reshaping of the landscape of global trade policies. It is very challenging but can still be managed well if the whole world works together. To address these challenges, I strongly encourage enhanced dialogue and cooperation between all governments to find collective solutions because none of these challenges can be addressed by one government alone. Global challenges require global solutions.”

Dr Lam said: “The HKTDC is honoured to have Vice Premier Han Zheng deliver an important keynote speech at today’s summit, giving a more specific illustration of Hong Kong’s role as an active participant, contributor and beneficiary of the Belt and Road Initiative. Following President Xi Jinping’s important speech on 1 July, the Vice Premier’s ‘Four Hopes’ for Hong Kong’s participation in the construction of the Belt and Road further highlighted the direction of the city’s development. The HKTDC has always been committed to promoting the Belt and Road Initiative and development opportunities. The team and I will continue our efforts to promote Hong Kong as an international business platform and services hub and contribute to the Belt and Road Initiative.”


More than 800 one-to-one matching sessions 

The business matching and project pitching sessions at the summit remained popular among project owners and attendees. More than 280 investment projects from the Belt and Road region and beyond were presented at the summit, covering four main areas, namely: (1) energy, natural resources and public utilities; (2) innovation and technology; (3) urban development; and (4) transportation and logistics infrastructure. The projects focused on areas such as smart city development, data centres and e-commerce related investments. More than 800 one-to-one business matching meetings were arranged for project owners, investors and professional service providers to pave the way for collaboration agreements. 
 
Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching

Seventh Belt and Road Summit attracted 19,000+ participants, bringing government and business leaders together to facilitate project matching


Real opportunities in RCEP but some challenges

Multilateral collaboration creates more frequent cross-border trade and investment, and is becoming more important than ever in driving a strong recovery in the Asia-Pacific region following the pandemic. The RCEP, which came into effect this year, stands as the largest free trade agreement in history, accounting for 30% of the world’s population and GDP. Combined with the joint effort of more than 180 countries connected through the Belt and Road Initiative, it will further strengthen regional economic integration around the world. In the Business Plenary titled “Collaborate for a Bright New Era”, business leaders from economies along the Belt and Road and the RCEP shared their insights and explored how these initiatives and agreements can complement each other to drive strong economic growth and promote cross-border collaboration between businesses of all sizes.

The 38th Prime Minister of New Zealand, John Key, shared his views on the RCEP. “One of the things that are challenged is the supply chains. China is a really a huge market, and we source a lot of goods from China. We can see the impact the breaking down of those supply chains has had on global inflation.”

Aswin Techajareonvikul, Chief Executive Officer and President of Berli Jucker Public Company Limited, shared that the Thailand enterprises have well received the potential of the Belt and Road Initiative (BRI). “It is in tune with our 20-year strategy and Thailand’s ongoing projects for economic development under the Thailand 4.0 economic model. We are able to expand trade and investment to our neighbouring countries. We can also better link with the world market, especially for the CLMV countries [Cambodia, Laos, Myanmar and Vietnam].”

Liu Liange, Chairman of the Bank of China, said: “Most of the members in the RCEP are located in important junctions along the Belt and Road. This not only fosters connectivity between value chains and supply chains, but also further expands the ‘social circle’ of the Belt and Road Initiative, engaging more countries and businesses in the construction of the Belt and Road and in broader collaboration, as well as forming the dual-engine of the Belt and Road Initiative and RCEP within the region”

The seventh Belt and Road Summit was made possible by its Strategic Partner, China International Capital Corporation (CICC); Regional Banking Partner, Bank of China (Hong Kong); and Platinum Sponsors, China Mobile International and China Unicom.

3D Innovareef: Sculpture to restore Thai marine ecosystem

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/more/pr-news/40021362

3D Innovareef: Sculpture to restore Thai marine ecosystem

3D Innovareef: Sculpture to restore Thai marine ecosystem

TUESDAY, OCTOBER 25, 2022

The Veterinary Medical Aquatic Animal Research Center of Excellence (VMARCE), Chulalongkorn University has created Innovareef — lifelike cement-based structures, convenient for planula settlement and growth, accelerating recovery of the coral reef ecosystem, promoting eco-tourism as well as functioning as smart stations for marine environmental monitoring.

Beautiful coral reefs in Thai seas have been gradually deteriorating due to global warming that causes coral bleaching, in addition to certain human activities without proper control and environmental consciousness. Currently, only one-third of the beautiful and perfect coral reefs remain! If we don’t solve this problem now, there will be no marine food sources, dive sites for nature study, and tourism income sources for the next generations.  

The past solutions of artificial reefs made from used car tires, tanks, PVC pipes, and cement cubes have created visual pollution as they do not blend in with the underwater nature. Besides, these artificial reefs are occasionally drifted out by tidal forces, submerged by the sand, or decomposed into microplastic garbage.

“In nature conservation, methods are as important as results,” notes Associate Professor Dr Nantarika Chansue, Director of VMARCE and Head of Ornamental Aquatic Animal and Aquatic Animals for Conservation Research Unit (OAAC), Faculty of Veterinary Science, Chulalongkorn University, on the concepts of Innovareef for the conservation of coral reefs and marine beauty.

Associate Professor Dr Nantarika ChansueAssociate Professor Dr Nantarika Chansue

“We’re trying to create lifelike artificial reefs with lifelike branches to promote settlement of planula and pores for tidal forces resistance and habitats for marine species. Our Innovareef will help accelerate the recovery of coral reefs to match their destruction rate.”

How does Innovareef work in place of natural coral reefs?

Naturally, coral reefs function as barriers against strong tides on stormy days, habitats for various marine species, and sources of food for humans. Proper maintenance of their condition and diversity means the assurance of the food sources for our stomach and mind.

Corals are marine invertebrates with soft bodies and calcium carbonate forming their hard skeletons. The baby coral is called “planula” which drifts along water currents and settles on a hard surface like rocks or reefs to continue its growth. Other types of corals that reproduce asexually grow shoots and branch out depending on their species.  

Hence, the research team has modeled the Innovareef based on the nature of corals. Dr Nantarika explains how the Innovareef differs from other artificial reefs as follows:

1. Coral nutrient coating – Innovareed is coated with calcium and phosphate nutrients that corals need to thrive. Collected data indicates that the planula settled on the Innovareef grow faster than those on natural reefs by approximately three to four centimeters a year. (Naturally, corals grow extremely slowly. For example, hard corals grow about one centimeter a year. In other word, we have to wait for one century to see a one-meter-diameter hard coral!)

2. Biomimicry – Flat surfaces of Innovareef accommodate the settlement of planula; its holes and cavities serve as habitats and hiding places for fish, benthic animals, and marine invertebrates.

3. Resistance to tidal forces – With hydrodynamics technology, Innovareef’s design enhances its resistance to tidal forces. This is different from other artificial reefs that are made of more delicate materials, often submerged by the sand and drifting out by tidal forces, becoming marine pollution.

 
Smart Station: Global warming monitoring coral reefs

The research team has installed marine environment monitoring equipment on the Innovareef so that it becomes “a smart station” that can, for example, measure the water temperature, tidal forces, and potential of Hydrogen (pH). 

“These measurements benefit not only the marine species in the Innovareef but also the entire coral reef where the Innovareef is installed. As we all know that coral bleaching is caused by the rising temperature of seawater causing corals to die. With these smart stations, we now have sufficient data to save the entire coral reef”, says Dr Nantarika.


Background of Innovareef

Dr Nantarika explains that knowledge from different fields is essential in the creation of lifelike Innovareef. For example, in 3D Cement Printing, the pH of the selected type of cement is close to that of seawater. The design concept is that of Lego—easily assembled and disassembled blocks—to facilitate the transportation of Innovareef from the production site to the sea.

3D Innovareef: Sculpture to restore Thai marine ecosystem

“The team has been through stages of design, molding, creating uneven surfaces, casting branches separately as well as performing tests on vortex, sinking of the base, and resistance to tidal waves both in our laboratory and at sea, before we have the Innovareef that’s resistant to tidal waves, sturdy, not submerged into the sand, with small vortex around it and branches to enhance natural settlements of planula.”

Initially, the VMARCE designed only one size of Innovareef—100 X 160 X 50 (width X length X height) centimeters. Subsequently, the “Love the Sea” project by Earth Agenda Foundation—in collaboration with the Department of Marine and Coastal Resources (DMCR), Ministry of Natural Resources and Environment (MNRE); Faculty of Veterinary Science, Chulalongkorn University; and Siam Cement Group (SCG)—used this prototype to further develop five more types of Innovareef, namely:
1.    Brain coral: 150 x 160 x 56 centimeters;
2.    Brain coral: 160 x 160 x 65 centimeters;
3.    Barrel sponge: 150 x 200 x 95 centimeters;
4.    Marine sponge 1: 50 x 50 x 65 centimeters; and
5.    Marine sponge 2: 85 x 85 x 65 centimeters.


Building Homes for Corals: Restoring Hope for the Sea

Since 2020, the research team has installed several Innovareefs along the coasts of Chonburi province, including Si Chang Island, Lan Island, and Sattahip.

“The area suitable for the installation of Innovareef is less than 10 meters deep with exposure to sunlight and, importantly, some remaining natural coral reefs. These will enhance the natural settlement and growth of planula.”

Transportation and installation of Innovareef are simple and convenient: each set of Innovareef comprises three units—the main component and two attachments.

“The Innovareef is not too large. It’s light-weighted and can be carried by anyone thus saving transportation costs. You can simply put it at any desired location in the sea and then dive down to put all the units together to complete the Innovareef.” 

“Not even five minutes afterward, fish and several marine creatures start to come in to survey and make it their new habitat, leading to biodiversity around the Innovareef.”

“More importantly, the post–installation data indicates that the settlement and growth rates of planula on the Innovareef are better than those on other artificial reefs,” says Dr Nantarika with a smile.

Consequently, the research team is confident that Innovareef will help accelerate the recovery of coral reefs and the return of marine health. A worthwhile investment, the total cost of materials, production, transportation, and complete installation of an Innovareef is only about THB 26,000!

With these benefits, it’s not a surprise that Innovareef won the National Innovation Awards (NIAWARDS) 2020 for Product and Service Design.