NBTC adjourns meeting, delays its decision on True-DTAC merger to Oct 20
WEDNESDAY, OCTOBER 12, 2022
The National Broadcasting and Telecommunications Commission has deferred its decision on the controversial merger of two telecom giants to next week.
Acting NBTC secretary-general Trairat Viriyasirikul said the telecom watchdog resolved during its meeting on Wednesday to postpone deliberations on the merger of True Corporation and Total Access Communication (DTAC) to October 20.
The NBTC meeting began at 9.30am on Wednesday and was adjourned at 12.30pm.
During the meeting next week, the NBTC would deliberate only the merger deal, Trairat said.
He added that the NBTC had also instructed the NBTC Office to summarise opinions of foreign advisers of the telecom watchdog for the NBTC to consider during the meeting next Thursday.
On September 23, the NBTC had announced it would issue its decision on the True-DTAC merger on October 12 after the Council of State advised on September 20 that the NBTC has no authority to approve or reject the merger, but it could only issue regulations to mitigate its impact on the public.
The NBTC has come under much criticism from both opponents of the merger and shareholders of True and DTAC for delaying its decision.
True and DTAC formally announced their merger plans in November last year to pursue a new tech business and raise venture capital for startups, reportedly after Norway’s Telenor decided to pull out of the telecom business from Asean.
The NBTC has repeatedly delayed its decision on the merger, saying it needed time to study the pros and cons and the impact on society, as well as for the Council of State to define its authority on the issue.
Academics and the Thailand Consumer Council have called on the NBTC to reject the merger outright for fear of severe impact on consumers, while True, DTAC and their shareholders called on the NBTC to proceed with the merger so that their business plan would not be affected.
The two telcos argue that the NBTC has no authority to approve or reject the merger and at least nine mergers have take place under the 2018 NBTC Notification, which required the watchdog to only issue measures to mitigate the impact.
Bett Asia expo in Bangkok showcases role of technology in the future of education
TUESDAY, OCTOBER 11, 2022
Nongluck Ajanapanya
Over 50 exhibitors worldwide displayed their latest innovations and services at the “Bett Asia Leadership Summit & Expo 2022”, emphasising the importance of advanced technology in finding new possible solutions for education in today’s digital era.
Bett’s portfolio director, Louisa Hunter, told a press conference on Tuesday that the Covid-19 pandemic has changed the global education landscape. It has demonstrated that technology plays an essential role in increasing people’s access to knowledge and education.
She noted that more and more teachers and students around the world, including in the Asia Pacific region, have adopted and applied various technologies in the classroom. She strongly believes that hybrid learning will be more accepted in the next normal of education.
“Students tend to use technology to further their education. Education will become more customised and personalised, while technology will make access to knowledge much easier,” said Hunter.
The 6th annual Bett Asia Leadership Summit & Expo is being organised at The Athenee Hotel in Bangkok, co-hosted by Thailand’s Ministry of Education and the Ministry of Higher Education, Science, Research and Innovation.
The two-day event (October 11-12 ) is showcasing the latest technologies in education at the expo and key opportunities for the future of education at the Leadership Summit as well as honouring acknowledged top leaders in education with the Bett Asia Awards.The expo, held for the first time in three years, highlights the most pressing challenges and priorities of education stakeholders and recognises the importance of new solutions through technological advancement in today’s world under the theme “Education as a Catalyst for Change”.
Hunter said that attendees will have the opportunity to gain hands-on experience with EdTech solutions from top global technology companies such as Microsoft, Lenovo, HP, Zoom and many more.
Meanwhile, the invitation-only Leadership Summit provides attendees with the opportunity to network with other senior leaders and educators from across Asia-Pacific. The summit addresses key topics such as how EdTech can improve the education system, improve outcomes, and enrich learning experiences for all learners.
Tom Poole, director of Bett Asia, said in the statement that the event is filled with the most innovative technology solutions that can be implemented to enhance today’s learning experiences. It is also offering opportunities for the educationists to stay connected, hone their educational skills, expand their network, and exchange ideas about EdTech with fellow attendees.
“I hope that Bett Asia 2022 has helped create a positive impact on education and foster great changes for future generations,” said Poole.
He expects Bett Asia 2022 to bring over 2,400 unique attendees from Asia Pacific, over 700 leaders, and over 65 government organisations represented from over 40 countries.
He also revealed that the next Bett Asia event will be held at The Athenee Hotel in Bangkok on October 18-19, 2023.
Bett is the global community for education technology, offering world-class content, networking opportunities, and the discovery of cutting-edge innovations. The Community Hub hosts webinars, CPD sessions, and publishes articles from education industry leaders all year.
Range of products on sale at Makro as part of ‘Taste of Australia’ campaign
TUESDAY, OCTOBER 11, 2022
A variety of products from Australia are now available for Thai entrepreneurs and consumers at Makro nationwide until November 1 under the campaign “Taste of Australia”.
The campaign is a cooperation between wholesale business operator Makro, the Australian embassy and Australian Trade and Investment Commission, aimed at enabling business recovery for restaurants and hotel operators after the Covid-19 crisis.
“This move also aims to stimulate consumption among consumers who love to cook foods from quality ingredients,” Makro said.
More than 130 Australian products are available during the campaign, such as beef, mutton, turkey, Tasmanian salmon, yellowtail amberjack and abalone, which are popular among Thais.
Meanwhile, a variety of vegetables, fruits and other consumer products are also available, such as lettuce, celery, red onion, bravo apple, mandarin orange, cheese, yogurt and salad dressing.
Interested entrepreneurs and consumers can also purchase Australian products at the website: Makroclick.com.
TAT targets 3.8 million medical tourists under 20-year strategy
WEDNESDAY, OCTOBER 12, 2022
The Tourism Authority of Thailand (TAT) is working on promoting Thailand to become a medical tourism hub.
TAT also aims to make Thailand one of the top five countries in the Medical Tourism Index, TAT governor Yuthasak Supasorn said.
“Thailand was 17th in the index between 2020 and 2021,” he noted, adding the top five countries were Canada, Singapore, Japan, Spain and the United Kingdom.
Yuthasak expects at least 3.8 million medical tourists to generate 200 billion baht for Thailand in 2037 under the 20-Year National Strategy (2018-2037).
“In 2017, Thailand’s medical tourism sector accounted for 38 per cent of all tourists from Asia,” he said, adding that tourists in the medical sector spend two to three times the amount spent by other visitors.
TAT has implemented a strategy to attract tourists with high purchasing power, including those for medical tourism.
“The road map to promote Thailand to become the world’s medical tourism hub must focus on sustainability in treatment quality, personnel expertise and technology,” he pointed out.
Meanwhile, Association of Thai Travel Agents president Sisadiwat Cheewaratanaporn said Thailand possesses a host of strong points, such as comparatively cheaper medical treatment fees and cost of living.
Up to 59 Thai private hospitals have been certified by US based healthcare accredition organisation Joint Commission International, Sisadiwat said.
“Thailand must accelerate its promotion among foreigners so the country’s medical tourism sector can continue to grow in the long term,” he added.
Baht may weaken if market remains in risk-off state: strategist
WEDNESDAY, OCTOBER 12, 2022
The baht opened at 38.15 to the US dollar on Wednesday, weakening from Tuesday’s close of 38.10.
The currency will likely move between 38.00 and 38.30 against the greenback during the day, Krungthai market strategist Poon Panichpibool predicted.
He said the baht is likely to weaken if the market remains in a risk-off state, a factor causing investors to possess the dollar.
Furthermore, he feels the baht could weaken to test its resistance level of 38.30 if core inflation from the US Core Consumer Price Index on Thursday is higher than market expectations (over +6.5 per cent y/y and +0.5 per cent m/m).
Poon suggested speculating on the gold price. The baht will not weaken much if the gold price is stable over the support level of 1,670 dollars per ounce, he added.
However, the baht could weaken to test its resistance point of 38.50-38.75 to the dollar if the Thai currency exceeds 38.30, which is the level investors, who are shorting the baht, will gradually sell for to make a profit, Poon said.
Moreover, foreign investors are offloading their Thai assets, which is another factor that is pressuring the baht, he pointed out.
Thai stock sales might slow down but not for bonds, at least not until long-term bonds swing sideways or go down, which could occur if the market is not worried that the US Federal Reserve might increase the interest rate or an economic recession is coming, Poon said.
The market strategist advised investors to use hedging tools such as options to manage risks in a highly volatile currency market.
Deloitte plans higher investment in Southeast Asia amid rapid growth in region
MONDAY, OCTOBER 10, 2022
Nongluck Ajanapanya
Leading professional consulting firm Deloitte is planning to invest more than usual in Southeast Asia to support the region’s rapid growth.
Deloitte’s chief executive officer for Asia Pacific, David Hill, said during an exclusive interview with The Nation that the Deloitte World Meeting in Rome in late September had approved a major investment to scale Southeast Asia, including markets in Thailand, Singapore, the Philippines, Malaysia, Indonesia, and Vietnam.
“We normally invest 7-8 per cent of revenue in this region. On top of that, we recently announced a $225-million scale investment in Southeast Asia for at least the next five years,” Hill stated.
The goal of this movement is to build Deloitte’s capability on the ground in Southeast Asia in order to win and deliver company services to clients seamlessly. It will also serve as an announcement for talent in Thailand and its neighbouring countries, ensuring that Deloitte is the employer of choice in every market in this region.
“The funding will come from both Deloitte Southeast Asia and Deloitte Global. We are committing to this region because we believe it is important,” Hill noted.
He explained that the Southeast Asia region will be 100 per cent more engaged in the global economy. Most developing countries in this region are becoming developed, which increases the need for professional services.
“Many major global institutions are moving and coming into the Southeast Asia region for reasons such as supply chain. Malaysia and the Philippines are relevant for chain services, Vietnam for manufacturing and supply chain, and Thailand for emerging technology such as blockchain and the financial services industry,” Hill pointed out.
He added that Southeast Asia has a growing population, a growing economy, a maturing professional services sector, and is a neutral region in terms of current geopolitical dynamics.
Furthermore, the region remains a source of low-cost operations with high-quality infrastructure, such as 5G connectivity, multilingual talent, and a wealth of resources.
Hill stated that Deloitte, which was recently named the No. 1 professional services firm in Asia Pacific and globally, will use its resources, knowledge, and technology to help the business navigate digital transformation, cloud migration, truly embracing all the abundant data, applying all appropriate technology to build digital twins, and optimising performance.
Besides, he stated that Deloitte will continue to provide its services to clients and their people in frictionless sustainable ways to serve the environment, social, and green (ESG) business trend.
“My objective is to ensure that our clients receive a seamless experience across Asia Pacific. It means it would be easiest for our clients to work with Deloitte across the region. And then for our people, to give them more opportunities to live and work across the region, particularly as we move into a post-Covid environment,” Hill added.
Deloitte currently operates in 150 countries and at more than 750 locations worldwide, employing over 345,000 people, with over 60,000 in Asia Pacific.
Deloitte’s aggregate global revenue for the fiscal year ending May 31, 2022 was US$59.3 billion, a 19.6 per cent increase over fiscal year 2021. In seven years, Deloitte’s revenue has increased by $24 billion, or 69 per cent.
BDMS and Minor Hotels join hands to prepare for expected rapid growth in wellness tourism
MONDAY, OCTOBER 10, 2022
Nongluck Ajanapanya
BDMS Wellness Clinic has collaborated with Minor Hotels to launch BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort, with the goal of adding value to Thailand’s tourism industry through professional holistic wellness.
Dr Tanupol Virunhagarun, chief executive officer of BDMS Wellness Clinic, stated at a press conference on Monday that following the Covid-19 pandemic, people are more aware and prioritising preventive measures to improve their wellness and longevity. These needs drive medical and wellness tourism demand from tourists all over the world.
“It is regarded as the future of Thailand’s medical tourism industry, which is rapidly expanding. The trend is expected to continue once borders reopen following Covid-19. As a specialist in preventive and personalised medicine, BDMS Wellness Clinic recognises the sector’s growth potential and has decided to collaborate with Minor Hotels,” Tanupol said.
Thailand’s wellness tourism industry will experience rapid growth in the coming years, he said, citing a recent survey that found Thailand to be the second most popular medical tourist destination in the world, behind Australia.
“This newly opened Preventive Health Care Centre is providing ways in which guests can feel connected to nature while receiving counselling and medical services from a professional team,” Tanupol added.
Minor International Plc chairman William E Heinecke expressed confidence in Thailand’s medical and wellness tourism’s exponential growth.
He emphasised that this type of tourism is a global mega-trend. According to McKensy, the overall value of wellness tourism is US$1.5 trillion. It is expected to grow by 5-10 per cent per year from now on.
According to a recent research, “The Global Wellness Economy: Looking beyond COVID-19”, conducted by the Global Wellness Institute GWI), the growth of global wellness tourism is expected to be worth $7 trillion by 2025. Thailand will be the third country to be spotlighted on GWI’s “Geography of Wellness” microsite.
“The Covid-19 pandemic raised an alarm for health-conscious people as well as tourists. More consumers became more interested in preventive measures and in incorporating wellness into their lifestyles. Hence wellness tourists spent more time and more money per trip than the typical domestic tourist,” said Heinecke.
He insisted that Minor Hotels already recognises the increasing importance of wellness tourism or health tourism. Therefore, this is the right time for the collaboration between BDMS Wellness Clinic and Minor Hotels in launching BDMS Wellness Clinic Retreat at Anantara Riverside Bangkok Resort.
“I hope that this kind of collaboration will provide a new combination model for tourism business. We do have a plan to join BDMS to open this kind of centre in Phuket in the future,” said Heinecke.
“With BDMS’s expertise in healthcare, preventive medicine and personalised medicine, combined with prime location and the relaxing atmosphere of our hotel, we have confidence that our health-conscious guests will be touched by true wellness and these challenges will surely provide many opportunities to all parties involved,” Heinecke said.
Minor Hotels is one of Thailand’s largest hotel operators with over 535 hotels and over 75,000 guest rooms under its umbrella.
Once the Covid-19 virus is under control and borders are cautiously reopened, all areas of health and wellness tourism will soon be welcoming foreign wellness tourists, demonstrating Thailand’s resilience to the world, Tanupol said.
He expects this collaboration will encourage other stakeholders to participate in and invest in the country’s medical and wellness tourism.
Thailand is the ideal destination for wellness tourism for a number of reasons. He insisted that Thailand truly shines thanks to its plentiful food, stunning tourist attractions, highly qualified medical professionals, state-of-the-art medical technology, and first-rate amenities in hospitality services.
Commerce Ministry takes steps to flood Saudi Arabia with Thai exports
MONDAY, OCTOBER 10, 2022
Nongluck Ajanapanya
The Commerce Ministry has come up with an action plan to flood the Saudi Arabian market with Thai goods, especially now that bilateral ties have been restored.
At a press conference on Monday, Commerce Minister Jurin Laksanawisit said his ministry will make export regulations less stringent and far simpler.
“We intend to increase our bilateral trade value to 10 billion baht within a year,” he said.
Jurin, who also doubles as deputy PM, was speaking after attending a meeting with the Federation of Thai Industries (FTI), senior officials from the Commerce Ministry and Foreign Ministry and the Livestock Development Department.
The minister, who led a contingent of business leaders to explore the Saudi Arabian market in late August, said the Commerce Ministry will provide establish an “export clinic” to provide consulting services to Thai businesses that are interested in tapping the Saudi Arabian market.
Jurin said that apart from halal food, there is a high demand for trees and plants in the Middle East, which can prove to be another lucrative market for Thai farmers.
The ministry is planning roadshows to promote Thai products in Saudi Arabia, particularly in the food, petrochemical, construction, and automobile industries, and will also work on showcasing Thai businesses at trade events in the Mideast.
The Commerce Ministry is teaming up with FTI and Saudi Arabia’s Investment Ministry to host a webinar to promote trade and investment in key sectors like petrochemicals, construction, steel, aluminium, food, agriculture, automobiles, and auto parts, with the goal of exchanging information and encouraging exports.
As for the free-trade agreements between Thailand and Gulf countries like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, Jurin said all parties have pledged to expedite the process to achieve results as soon as possible.
FTI chairman Kriengkrai Thiennukul, meanwhile, lauded the government for helping the private sector enter the Saudi market, adding that it will be easier for Thai businesses to enter the Middle East market, especially if they are armed with an FTI certificate.
He said he expects the FTI to work closely with the Commerce Ministry and other government agencies to identify new opportunities and solutions for the economy’s long-term viability.
Saudi Arabia has shown good growth potential for Thai exports. Between January and August 2022, Thai exports to Saudi Arabia rose 15.9 per cent year on year to 43.11 billion baht. Exports included machinery and machinery parts, animal feed, canned and processed seafood, timber and wood products, rubber products and automobiles, equipment and parts.
The baht opened at 37.60 to the US dollar on Monday, weakening from Friday’s close of 37.37 to a 26-year low.
The currency will likely move between 37.50 and 37.75 against the greenback during the day and between 37.20 and 37.90 during the week, Krungthai market strategist Poon Panichpibool predicted.
Poon said that the fluctuating baht might weaken to near its resistance level between 37.80 to 37.90 if the market remains in a risk-off state over concern of another US Federal Reserve rate hike and the falling gold price.
He advised monitoring inflows to Thailand after a slowdown in selloffs of Thai assets by foreign investors helped curb the baht’s weakening.
Meanwhile, he said the dollar could continue to strengthen and advised close monitoring of US inflation via the latest consumer price index. Concern over recession is also supporting the dollar as a safe-haven asset, he added.
The market strategist also advised investors to use hedging tools such as options to manage risks in a highly volatile currency market.
As well as the US inflation report for September, investors are advised to watch for the International Monetary Fund’s latest twice-yearly World Economic Outlook, due this week.
A project driven to change elephant tourism in Thailand with the use of NFT
SATURDAY, OCTOBER 08, 2022
THE NATION
Unchained Elephants – An NFT project is steadily securing its spot in Thailand’s travel industry spotlight, with a mission to rescue 2 working elephants.
An NFT project is steadily securing its spot in Thailand’s travel industry spotlight, Unchained Elephants NFT. The project is capturing the attention of the web 3.0 community, hoteliers in Thailand and responsible travelers all around the world. As people are resonating with the project’s innovative approach to highlighting such a worthy cause. The project’s first goal is to raise awareness but to also use 40% of its proceeds to rescue two or more working elephants in Thailand from abusive work environments to unchain them into a safer environment. The ultimate goal of the project is the elephants’ welfare.
Unchained Elephants believes that to truly make a difference they need to capture the attention of travelers all around the world while making it interesting and inviting for travelers to support the cause by rewarding them for their help with real-life benefits and use cases. The best insurance for the future well-being of elephants is the education and training of business owners and those who care for the elephants.
HOW WILL THEY CHANGE ELEPHANT TOURISM FOR THE BETTER
Because of the varied nationalities behind the Unchained Elephants team, they approach the elephant tourism issue from an entirely different angle. Instead of just releasing the captive elephants into a 100% ethical sanctuary or conservation (and no doubt this is the best solution) they also see it from a business owner’s perspective. Each and every single one of the local caretakers and business owners are feeding both their elephants, their team, and their families with these practices. Unchained Elephants, however, believe that there is a way to provide better welfare for these endangered elephants in captivity while maintaining a more ethical business. And because of its unique initiative, combined with the use of NFT technology, the project has grabbed the attention of hoteliers (big and small brands alike) who wish to join forces to make a ripple effect for elephant tourism and adopt the inevitable web 3.0.
The Founder of Unchained Elephants, Daniel Villota, said ”I always believed that a business should find a way to give weight and voice to social causes while making it easier and more interesting for everyone to support the cause by providing them utilities that would grant them additional benefits. Elephants are no doubt a ‘must do’ experience activity when visiting Thailand, and I don’t wonder why. They truly are majestic, but there are better ways to do this. For this reason, I founded Unchained Elephants, with a mission to raise awareness amongst travelers to stop the demand for elephant trekking and elephant shows, to rescue elephants from these harsh working conditions so we can at least stop the suffering. Our NFT project and initiative will allow holders to enjoy traveling while being a part of this change. A project that would resonate with those who want more from their NFT project, care about these creatures, and like to travel.”
We don’t need to tell you how important it is to get these majestic animals released from their chains. You already know. We don’t want to preach to the converted but you probably have many questions about the legitimacy and value of purchasing Unchained Elephant NFTs as a genuine way to help the cause.
If you’re interested in supporting their cause by owning one of their NFTs, make sure to subscribe to their newsletter here: www.unchainedelephants.com to get further information.
WHY THE USE OF NFTs?
NFTs are the new kid on the block when it comes to buying an NFT, it can offer a whole lot more than just buying a piece of digital art. We all need assurances when it comes to NFTs, they’re new, they’re complex and the whole thing can seem scary. Those who are already knowledgeable about the NFT world are looking for specifics, such as what utilities are on offer, which marketplace, scarcity values etc. While travelers can be skeptical as scams are commonplace, they need the reassurance that the benefits offered by the utilities are tangible. In the case of Unchained Elephants, they tie their NFTs with utilities and perks, giving their supporters real-life benefits to enjoy while doing good at the same time.
While many of us may have no previous knowledge or experience with NFTs, Unchained Elephants makes it easier for everyone to support the project with supportive customer service to answer their concerns.
MAKING IT MORE INTERESTING FOR TRAVELERS TO SUPPORT THE CAUSE
For every NFT purchase, 40% of the sales will go directly towards buying the freedom of these captive elephants and providing educational programs for travelers and elephant caretakers alike to make a real difference. In addition, the project will donate a percentage of its secondary sales to feed and maintain the rescued elephants. What makes it interesting for travelers to support their cause is the real-life use and perks, giving their supporters real-life benefits to enjoy while doing good at the same time. Those perks include:
✓ An up-close and personal visit to the sanctuaries where the elephants will be unchained. ✓ Discounts and travel privileges in and around Thailand for excursions, tours, and accommodations, which will come in early 2023. ✓ Access to the upcoming exclusive travel club platform. Where there is a community of service providers providing help and recommendations for those wishing to travel to Phuket, whatever your interests are. ✓ As well as receive a certificate of adoption from the rescued elephants. Plus several more are planned in the pipeline.
NFTs are new, yes, but they are here to stay. With the world becoming more and more digitized, and people becoming less and less trusting of traditional banking systems, along with people living more portable lives, the future of NFTs is a solid one. The future of Unchained Elephants NFTs looks to be equally strong with more and more people being drawn not only to the sound investment value but mostly the positive impact it’s having on the lives of the elephants and those who are trying to help them.
If you’re interested in supporting their cause make sure to subscribe to their newsletter here: www.unchainedelephants.com to get further information.