Cryptocurrency ‘winter’ will last two years but now is time to invest, say experts

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https://www.nationthailand.com/business/corporate/40020680

Cryptocurrency ‘winter’ will last two years but now is time to invest, say experts

Cryptocurrency ‘winter’ will last two years but now is time to invest, say experts

MONDAY, OCTOBER 03, 2022

Nongluck Ajanapanya

Two digital asset experts forecast that cryptocurrencies’ winter of discontent will last for another two years – but investors should prepare now for the crypto “spring”.

The advice came during a press conference to launch XSpring Digital, a digital-asset trading platform run by XSpring Capital (XPG).

The crypto winter will end in two years when the world economy resumes steady growth and normal inflation levels, predicted Kittitad Benjacharoenpat and Sanjay Popli.

Sanjay, the CEO of Cryptomind Advisory, explained that digital assets are still developing amid rising demand and case-use experiences. He forecast that in five years, the majority of Thais would have at least one e-wallet .

Kittitad, content creator for the “I Learn A Lot” page, noted that the cryptocurrency cycle over the past few years shows steep peaks and falls in value. The asset tends to face two or three years of bear market conditions before rising.

Cryptocurrency ‘winter’ will last two years but now is time to invest, say expertsAlthough the market is in a bearish state, now is a great time to invest in cryptocurrencies before their value rises, Kittitad said. It’s also a good time for market participants to create and grow their ecosystem to prepare for the arrival of the bull market, he added.

Sanjay suggested that people should consider long-term cryptocurrency investment while closely monitoring the economic situation and continuing to educate themselves about digital assets.

“They can anticipate returns in three to four years,” Sanjay said. “Expecting to make money right away is unrealistic. Do your research to find cryptocurrencies with strong fundamentals, and don’t forget to diversify your holdings.”
 

Varangkana Artkarasatapon, president of XSpring Capital, said XSpring Digital will connect investment opportunities in financial markets to investments in digital asset markets, which are becoming more popular among all generations.

She added that XSpring Digital is part of the group’s ecosystem of financial services aimed at providing investors with a “Gateway to Greater Wealth”.

XPG is equipped with four digital asset licences from the Finance Ministry: Cryptocurrency Broker, Broker of Digital Tokens, Cryptocurrency Dealer, and Digital Token Dealer.

Cryptocurrency ‘winter’ will last two years but now is time to invest, say expertsTanasak Krishnasreni, deputy CEO of XSpring Digital, said XD was in a strong position due to its capital strength as a subsidiary of XPG, as well as experienced management team and financial market staff. The platform uses blockchain technology for security and convenience. 

It has also been approved by the Securities and Exchange Commission (SEC) to operate as a digital token offering system provider (ICO Portal) specialising in asset tokenisation and digital token offering.

XD also boasts a strong research team providing analysis of the current digital asset market to aid investors’ decisions.

The platform has gained consistently positive feedback from users during the soft launch, XD said.

Cryptocurrency ‘winter’ will last two years but now is time to invest, say expertsThe company currently trades 23 cryptocurrencies and offers a digital token subscription platform on the primary market.

Tanasak expects XD to rank among the top three players in the digital asset market within three years, thanks to its user-friendly system, skilled and knowledgeable management team, and secure blockchain system.

Nongluck Ajanapanya

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industry

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https://www.nationthailand.com/business/corporate/40020678

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industry

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industry

MONDAY, OCTOBER 03, 2022

Nongluck Ajanapanya

Thai pharmaceutical and medical device importer, Aestec Pharma, has joined forces with South Korean pharmaceutical powerhouse Hugel to hold regular seminars to boost the knowledge of aesthetic medical professionals in Thailand.

The move is part of plans to turn Thailand into Southeast Asia’s aesthetic medical hub, Hugel’s chief medical officer and vice president Hyoung Jin Moon said in an exclusive interview.

He said the aim is to provide professional training to Thai doctors and beauty service providers, who can then share their knowledge with their counterparts in neighbouring countries.

The first such seminar, entitled the “Aesthetics Master Class: Harmonise the Shape with Botulinum Toxin type A (BoNT-A)”, was held recently to impart knowledge on the safe application of rejuvenating active ingredients. The event also touched on the “reverse ageing” concept intending to raise the bar for the beauty industry.

Attending the seminar were top dermatologists, especially from South Korea, as well as more than 200 leading Thai doctors who shared their knowledge, insights, techniques and the latest in the beauty enhancement industry.
 

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industryAestec Pharma CEO Kasikit Phuangpinyo expressed confidence in Thailand’s aesthetics industry, saying demand was rising by 5 to 10 per cent per year, even during the Covid-19 pandemic. He added that initially, these academic seminars and workshops for professionals in the Thai aesthetics industry will be held every quarter.

The aim, he said, was to promote new technology and innovations, while also providing reliable information to the public and elevating standards, so medical service providers can give their clients a positive experience in the field of aesthetic medicine. The seminars will also bolster the company’s status as a pioneer in the field of aesthetic medicine.

“Everybody, regardless of age, wants to look good and young. There are many innovations and technologies in rejuvenation and anti-ageing right now,” he said. “It is our responsibility to provide the best solution and cutting-edge technology to Thai consumers.”
 

Hugel’s Moon said the concept of beauty in Thailand and South Korea are quite similar and expects Thailand to serve as a rejuvenation hub in the region.

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industryThailand is already well-known in the region for cosmetic surgery, especially gender reassignment procedures, and beauty enhancement treatments. Thai cosmetics are also starting to earn a name in the international market.

“The expansion of the beauty industry in South Korea and Thailand has similarities. We are everyone’s first thought when it comes to beauty,” he said.

Thai, South Korean pharma giants team up to conquer regional beauty, rejuvenation industry“Obviously, this is due in part to the presence of medical specialists, the adoption of innovations and new techniques suited to Asians, and, last but not least, the availability of products that match international quality standards.

“The objective of this partnership is to provide the most possible value to customers, including both physicians and the general public. Along with the development of products such as Aestox, we plan to expand academic collaboration with many organisations,” Moon added.

Aestox is currently the top-selling wrinkle-reducing agent in both Thailand and South Korea. It is the only Korean brand accredited with international safety and quality standards.

Nongluck Ajanapanya

Two Dragons of Yaowarat – Ratchawong districts join forces through two business groups with further investment to strengthen the alliance and drive the Thai economy

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https://www.nationthailand.com/business/corporate/40020652

Two Dragons of Yaowarat - Ratchawong districts join forces through two business groups with further investment to strengthen the alliance and drive the Thai economy

Two Dragons of Yaowarat – Ratchawong districts join forces through two business groups with further investment to strengthen the alliance and drive the Thai economy

MONDAY, OCTOBER 03, 2022

THE NATION

September 30, 2022, Bangkok, Thailand – BTS Group Holdings Public Company Limited (BTS) and Saha Pathana Inter-Holding Public Company Limited (SPI) under an investment holding arm of Saha Group announced a cooperation as shareholders of Thanulux Public Company Limited (TNL).

Through this cooperation and restructuring, the two organisations will amplify TNL’s market value which will be worth more than THB 10bn.

Mr. Keeree Kanjanapas, Chairman of the Executive Committee of BTS Group said that, after the signing cooperation today, TNL will drive its business with Mr. Thamarat Chokwatana, who leads as Chairman of the Board; will begin to expand its businesses by investing into the big-ticket lending through Oxygen Asset Co., Ltd (Oxygen).

TNL will begin its expansion by investing within the secured lending business through investments in Oxygen worth approximately THB 4.3bn. Founded in 2021, Oxygen provides financing to customers, notably within the real estate industry. Its current portfolio stands at THB 2.5bn and focuses on securing large loans from clienteles. Additionally, it is anticipated that once the transaction date (subject to shareholder’s approval) has finalised, TNL will expand its operations into the collateral asset management business bringing the total of its investment portfolio to THB 3.5bn.

TNL will also jointly invest in high-potential real estate development projects with Noble Development Public Company Limited (NOBLE), through investments in seven more projects at a total value of more than THB 2.4bn. The total asset valuation from its initial business expansion stages is more than THB 6.7bn in value.

Mr. Boonsithi Chokwatana, Chairman of the Board of SPI said that, once again it is a pleasure that both organisations have invested in businesses together and believe that through this partnership it will be an extension to other businesses in the future; and also, an important milestone in raising the level of the alliances of Saha Group.

Both BTS Group and Saha Group are ready to be the foundation that propels the Thai economy. Both organisations having strong relation ties of more than 6 decades through friendship in doing businesses across 3 generations. It started from the pioneering generation of Dr. Thiam Chokwatana, the Founder of Saha Group and Mr. Mongkol Kanjanapas; having both lived in the old commercial district of Chinese people, namely Yaowarat Road, Dynasty and Songwad.

Pioneered businesses before WWII to the good relationship of the second generation is Mr. Boonsithi Chokwatana and Mr. Keeree Kanjanapas from the close friendship of both generations. And has been passed on to the third-generation heirs, resulting in both organisation having views and visions in doing businesses that complement each other leading to strategic business alliances. It is also important step to strengthen both organisations through succession of business concepts. Both in honesty and integrity towards building a stable and sustainable Thai economic base.

THE NATION

Fourgle – Thailand’s latest social-networking app with a difference

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https://www.nationthailand.com/business/corporate/40020630

Fourgle – Thailand’s latest social-networking app with a difference

Fourgle – Thailand’s latest social-networking app with a difference

SUNDAY, OCTOBER 02, 2022

THE NATION

A Thai startup firm is launching a social-networking application under an “economy sharing” concept this month and hopes to draw a million users within this year.

Anuchit Anuchitanukul, CEO and co-founder of Fourgle (Thailand), said the Fourgle app will put make it easier for people to access information about everything, including people, places, timings and activities. He said the app aims to respond to changing lifestyles and give online businesses an added boost.

Anuchit said the app will allow users to tailor the content to match their lifestyles, as well as create or join communities that focus on their topics of interest.

The Fourgle (Thailand) startup has a registered capital of US$1 million and is currently valued at 400 million baht.

Co-founder Supat Pornnapha, who once worked in the United States’ Silicone Valley, said the app is currently at a closed-beta stage with some 160,000 users and a major e-commerce operator has expressed interest in it. He added that the app, set to be officially launched sometime this month, will initially focus on food communities, with its CookKlich feature allowing users to exchange recipes and cooking tips and tricks.

Fourgle – Thailand’s latest social-networking app with a differenceFourgle has also joined hands with restaurants in Gaysorn Plaza, Amarin Plaza and other malls in Bangkok’s Ratchaprasong area.

Supat said next year the app expand to cover other topics like home decoration, interior design, fashion and tourism and will link up with relevant businesses.

“Fourgle aims to link up communities to create a useful legacy,” Supat said. “Users will be allowed to create their own content and the successful ones will be rewarded Fourgle coins that can be redeemed for goofs and privileges.”

THE NATION

Bedecking beauties for more than 100 years

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https://www.nationthailand.com/business/corporate/40020596

Bedecking beauties for more than 100 years

Bedecking beauties for more than 100 years

FRIDAY, SEPTEMBER 30, 2022

Varunsuda Karunayadhaj

Mouawad may have become a celebrated brand in high-end jewellery, but the story began in the 19th century, when David Mouawad (1865-1951) left his native Lebanon in 1890. He spent almost two decades in New York and Mexico, honing his skills as a watchmaker, goldsmith and jeweller.

Bedecking beauties for more than 100 years

Brand Mouawad started a new era at the turn of the second decade of the 21st century. Fred Mouawad is currently the fourth-generation of Mouawad’s “co-guardians”.

“Five generations of the Mouawad family have contributed to the company’s legacy of innovative jewellery designs and timepiece craftsmanship spanning more than a century,” says Fred Mouawad, “co-guardian” and CEO of Synergia One Group .

 Fred Mouawad, “co-guardian” and CEO of Synergia One Group .

Since its origin in Lebanon in 1890, the brand’s storied ideals have been revitalised to provide genuine elegance and sophisticated jewellery masterpieces to an increasingly global market.

Mouawad is headquartered in Thailand, and uses highly skilled Thai craftsmen at the jewellery hub where their products are crafted with care and exported around the world.

Bedecking beauties for more than 100 years

Watch the interview on the Business Story Programme on October 1, 10am, at www.nationthailand.com.

Varunsuda Karunayadhaj

Beauty’s beautiful and valuable “L’Oréal for the Future” mission is good for the world

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https://www.nationthailand.com/business/corporate/40020569

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

Beauty’s beautiful and valuable “L’Oréal for the Future” mission is good for the world

FRIDAY, SEPTEMBER 30, 2022

THE NATION

L’Oréal Group wants to transform to create more change than ever before for the environment and society.

Examples of critical goals are:

  • By 2025, all plants and distribution centers must be carbon neutral and use 100% renewable energy. As a result, this goal was already achieved by 58% in 2021.
  • By 2030, 100% of the plastic used in the packaging of L’Oréal products will come from recycled plastic or bio-based sources. According to the company report from 2021, this mission was achieved by 21%.
  • By 2030, 95% of the ingredients in product formulations must be biobased and come from abundant, renewable sources. Therefore, this goal was achieved by 60%.
  • By 2030, 100% biobased ingredients for product formulations will be traceable and will come from sustainable sources. As a consequence, in 2021, this mission was achieved by 94%.

The world has faced many environmental challenges, so this has caused many companies to start adopting sustainable development policies for the environment. L’Oréal recognizes the importance of this point. Therefore, it brought a considerable transformation mission.

Taking the mission to the next level

L’Oréal has taken this mission to the next level to achieve even greater goals than ever before. A project dubbed “L’Oréal for the Future” reflects the company’s view of its vision, goals, and responsibilities to tackle the world’s challenges.

By 2030, the company will lay out new measurable targets based on the Science Based Targets initiative and will upgrade three critical environmental solutions:

1. Biodiversity conservation
2. Sustainable Water Management
3. Use of renewable resources

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world
Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

L’Oréal is not only committed to reducing its direct environmental impact. But also to minimize the impact of all activities with the Company’s suppliers and consumers to ensure that business operations take into account a world where resources are limited and are fair to the communities where the Company works.

The set goals enable the company to cope with its overall impact. It also covers the entire value chain of the company. From product design to distribution, as well as the production process and the sourcing of raw materials.

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

Respect the contexts of the world

Scientists agree that Transcending or disregarding the “global contexts” will affect the safe ecosystems of humankind. The Company’s mission is to operate within limits, whether to adapt to the world according to environmental science. Implement a transformation program to reduce the impacts on biodiversity, water resources, climate, and resources resulting from company activities.

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world
Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

Empowering the business environment to be sustainable

Bringing customers, suppliers, and consumers together is the company’s responsibility. L’Oréal sets goals in this area. Allowing consumers to choose products that align with their values ​​is essential. It started with a subsidiary brand, “Garnier,” allowing customers to assess a product’s impact.

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

Solve global challenges

In the past, transgender women have always faced imbalances from global social crises—especially the risk of unemployment, loss of income facing violence in the country, or even sexual violence. L’Oréal has always been committed to supporting women’s rights. Therefore, especially a new mission has been established to help women. The company has set up a €50 million charity fund to support the operations of local organizations and charities aimed at eliminating poverty. Help and support women in social and professional aspects. Ready to provide urgent assistance to women refugees and women with disabilities, including preventing and assisting victims of violence.

Tackling climate change is an urgent agenda. L’Oréal has invested €100 million to set up a fund, L’Oréal Fund for Nature Regeneration, to address its impact and meet its recovery goals. One million acres of degraded ecosystems, capturing 15-20 million tons of carbon dioxide and promoting the creation of hundreds of new jobs by 2030.

The budget was divided into two parts: the first 50 million euros will restore damaged natural ecosystems, especially water and forest environments.

On the other hand, another 50 million euros will go towards financing projects related to the circular economy. Prepare to support the development of new solutions and business models, especially in the recycling and plastic waste management group.

Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world

The aforementioned “L’Oréal for the Future” sustainability projects cover all L’Oréal brands. Therefore, it benefits consumers who want to choose beauty products that are good for the world. In Thailand, L’Oréal has 15 brands in various groups: L’Oreal Paris, Garnier, Maybelline New York, Lancome, Biotherm, Giorgio Armani, Kiehl’s, Chu Uemura, Yves Saint Laurent, It Cosmetics, L’Oreal Pro. Fessional, Kerestas, La Roche-Posay, Vichy and Ceravie.
 

THE NATION

Nokia committed to supporting Thailand’s industry in its 5G transformation journey

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https://www.nationthailand.com/business/corporate/40020559

Nokia committed to supporting Thailand’s industry in its 5G transformation journey

Nokia committed to supporting Thailand’s industry in its 5G transformation journey

THURSDAY, SEPTEMBER 29, 2022

Nongluck Ajanapanya

Thailand’s digital economy is growing rapidly, which will increase the potential market for its most recent 5G innovation solutions, according to telecom and IT tech company Nokia.

Ajay Sharma, Head of Nokia Thailand and Cambodia, said during an exclusive media roundtable that Thailand is one of the largest markets in Southeast Asia due to aggressive policies to support digital transformation.

“The government of Thailand has long emphasised the use of technology to create additional opportunities and make Thailand a regional centre for digital affairs, with a focus on deploying 5G technology in driving economic growth across multiple sectors including public health, education, transportation and agriculture,” said Sharma.

Furthermore, Thai consumers are actively seeking to adopt 5G networks.
The number of 5G subscriptions in Thailand is expected to reach 14 million by 2025, according to statista.com. Meanwhile, mobile 5G subscriptions in Oceania, East, and Southeast Asia are expected to account for 2.81 per cent of all 5G connections worldwide in 2025.

Nokia committed to supporting Thailand’s industry in its 5G transformation journeyHe noted that as one of the earliest markets to launch 5G in the Asia Pacific region, Thailand is committed to leveraging 5G for economic and social development.
 

“We have long developed this technology at the early stage, therefore we don’t want to miss the opportunity to be Thailand’s credible 5G partnership,” stated Sharma.

He defined 5G ecosystem drivers as falling into three categories: consumer, enterprise, and industry. Nokia will prioritise the industry sector, believing that the metaverse will drive up to a ninefold increase in bandwidth consumption in industrial and enterprise data usage by 2030.

Enterprise and industrial 5G usage differ from consumer usage. He noted that they require more private wireless connections and data storage, as well as low latency and consistent signal.

Nokia committed to supporting Thailand’s industry in its 5G transformation journeySharma said Thailand’s industry will be Nokia’s shining market.

“We promise to support Thai enterprises in their 5G transformation journey by addressing many of the critical network innovation and automation needs,” Sharma said.

He added that Nokia will keep working to deliver enterprise solutions and improve Thailand’s enterprise and industrial ecosystems. It is committed to providing purpose-built solutions for the digitalisation of Industry 4.0 and beyond.

To confirm its commitment, Nokia has showcased its latest several 5G-enabled applications and solutions that demonstrated how 5G can deliver uncompromised performance for CSPs and enterprises.

Nokia committed to supporting Thailand’s industry in its 5G transformation journeyThe company also demonstrated its market-leading position in RAN, IP, optics, cloud technologies and enterprise business to provide mission-critical solutions for enterprise customers in Thailand, as well as the company’s sustainable solutions to reduce CO2 emissions and energy costs to enable overall better quality of life for Thailand.

The showcase was held on September 28 and 29 at Bangkok’s Samyan Mitrtown Hall as a part of “Byond Mobile”. In an effort to build a foundation for the country’s networked economy, the two-day exhibition and conference brought together business leaders from a range of industries, including health, agriculture, manufacturing, smart cities, and future mobility, internet, mobile communications, IT, and 5G.

Nokia is currently investing in approximately 130 countries worldwide. Since 2000, the company has invested US$130 billion in R&D and has established innovation centres in 17 countries.

With over 2,000 patent families and over 1,500 patent applications for new invention filed in 2021, Nokia is confident of maintaining its leadership position in the telecommunications and wireless network, Sharma concluded.
 

Nongluck Ajanapanya

THAI has repaid THB1.67 billion debt on time, five unused planes to be sold

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https://www.nationthailand.com/business/corporate/40020554

THAI has repaid THB1.67 billion debt on time, five unused planes to be sold

THAI has repaid THB1.67 billion debt on time, five unused planes to be sold

THURSDAY, SEPTEMBER 29, 2022

Thai Airways International (THAI) has repaid 1.67 billion baht of its debts in time, with no defaults, the airline’s acting chief executive officer, Suvadhana Sibunruang, said on Thursday.

The repayment by the financially troubled national flag carrier included the principal amount and accrued interest for the period June 15 to September 14, according to him.

Suvadhana said that the administrators of THAI’s debt restructuring plan had made the payment to its creditors under court-ordered conditions.

As of August 15, a total of 1.67 billion baht has been repaid without any defaults, the acting CEO said.

Regarding the sale of THAI assets approved by the court, THAI has received US$114,000 (about 4.3 million baht) for two plane engines, representing 80 per cent of the price, Suvadhana said.

The plan administrators have resolved to sell the airline’s five unused planes for a total price of $23.4 million (889.2 million baht).

Also, they have approved the sale of three spare engines for $2.8 million (106.4 million baht)

The airline has agreed to sell the building and land of its Silom office to the highest bidder for 205.1 million baht. It has received 20.5 million deposit for the purchase.

THAI plans new luggage allowance rules for passengers with effect from April 1

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https://www.nationthailand.com/business/corporate/40020550

THAI plans new luggage allowance rules for passengers with effect from April 1

THAI plans new luggage allowance rules for passengers with effect from April 1

THURSDAY, SEPTEMBER 29, 2022

THE NATION

Thai Airways International (THAI) is changing its passenger luggage allowance from overall weight to number of pieces with limited weight for tickets bought from next month, but for flights from April 1, 2023.

In its internal announcement to its ticket-selling partners, THAI said the new luggage rules will be applied to advance tickets sold from October 15 and will be come into effect from April 1 next year.

The new rules will be applied to flights within the TC3 zone (Asia, Australia and New Zealand) and between TC3 zone and TC2 zone (Europe, Africa and the Middle East).

The new rules will grant luggage rights as follows:

THAI plans new luggage allowance rules for passengers with effect from April 1● First-class passenger allowed to check in three pieces of luggage (with ceiling of 32kg per piece)

● Business-class passenger allowed two pieces of luggage (32 kg/piece)

● Special economy-class passenger allowed two pieces of luggage (23kg/piece)

● Y/B/M economy-class two pieces (23kg/piece)

● Other economy class one piece (23kg/piece)

● Royal Orchid Plus Platinum Member Extra allowed 3 pieces (23kg/piece)

● ROP & Star Alliance Gold Member Extra allowed 2 pieces (23kg/piece)

● ROP Silver Member Extra allowed one piece (23kg/pc).

THAI has yet to make an official announcement of the new luggage rules on its website for passengers.

THE NATION

Manufacturing expo brings intelligent tech and solutions from world’s leading brands to Thailand

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https://www.nationthailand.com/pr-news/business/corporate/40020516

Manufacturing expo brings intelligent tech and solutions from world’s leading brands to Thailand

Manufacturing expo brings intelligent tech and solutions from world’s leading brands to Thailand

THURSDAY, SEPTEMBER 29, 2022

Fireworks Co Ltd is holding the “Manufacturing Transformation Thailand Expo 2022” at Nong Nooch International Convention and Exhibition Centre (NICE Pattaya) in Chonburi from September 28 to 30.

The exhibition will bring together intelligent manufacturing technologies and solutions for Industry 4.0 for the future of the manufacturing automation industry, the company’s managing director, Kenny Yong, said.

More than 100 leading brands from around the world will showcase their technologies at the event.

Activities include meetings and conferences on “Transforming Manufacturing with Digitalisation”, business matching and negotiations, demonstrations of the automation inspection camera system from the Center of Robotic Excellence, as well as virtual exhibitions.

“This is a good opportunity to promote and encourage Thai entrepreneurs to expand their production capabilities to be the centre of the future manufacturing industry and learn about production technologies from around the world that leading international companies are showcasing at the event,” Kenny said

Petch Chinabutr, deputy secretary-general of Investment and International Affairs at the Eastern Economic Corridor (EEC), said that the development of the EEC has been carefully planned with a clear governance structure and policy formulation.

The EEC’s infrastructure projects have been fully developed to be an essential gateway to Southeast Asia and the Asia-Pacific regions in the next few years.

Kenny Yong, Managing Director of Fireworks Media (Thailand) Co., Ltd

The EEC development plan consists of basic infrastructure development, digital infrastructure development, business and financial centre development, targeted industries development, tourism development and promotion, as well as the development of personnel, education, research and technology.

“The EEC Special Development Zone is an area development project with the main aim to further expand the Eastern Seaboard area, which has been renowned for over three decades. The EEC project focuses on the development of three eastern provinces, namely Rayong, Chonburi and Chachoengsao.” Petch said.

Kanokporn Damrongkul, director of the exhibition department, Thailand Conventions and Exhibition Bureau (Public Organisation), said “TCEB has promoted and supported trade shows and exhibitions of targeted industries in the EEC area, aiming to prepare personnel to get ready for international trade fairs in the future.”

Manufacturing expo brings intelligent tech and solutions from world’s leading brands to Thailand