Marked increase in registered businesses opening outside Bangkok

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375616

Marked increase in registered businesses opening outside Bangkok

Sep 02. 2019
Sorada

Sorada
By THE NATION

582 Viewed

More and more newly registered firms are setting up shop in the Eastern Economic Corridor (EEC) and secondary tourism attraction provinces, a change from the earlier concentration in Bangkok and its nearby provinces.

The Department of Business Development’s deputy director-general Sorada Lertharpachit said that the number of new firms established in the secondary provinces in July rose 16 per cent year on year.

The top three secondary provinces with highest number of new firms are Chiang Rai totalling 83 firms, Nakhrn Si Thammarat with 65 firms and Ratchaburi with 63.

In Chiang Rai, most of the newly established businesses are the construction and restaurant firms, while those in Nakon Si Thammarat are involved in construction, vegetable and fruit retail and wholesale agricultural raw material. Those in Ratchaburi are the construction firms, wholesale fruit business, and the real estate firms.

She said that the growing number of the new firms in the secondary provinces is in line with the government’s policy of promoting tourism in those provinces.

The department’s director-general Vuttikrai Leewiraphan said that the number of newly registered firms in the EEC from January to July was 4,338, up 2.36 per cent year on year from 4,238. Their total registered capital was Bt15.024 billion, up 37.19 per cent year on year from Bt10.951 billion.

The top three newly established businesses in EEC in the period are the real estate totalling 727 with total registered capital of Bt1.977 billion, followed by construction firms at 351 with registered capital of Bt589 million, and restaurants at 163 with Bt395 million.

Economist pessimistic about second half outlook

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375682

Economist pessimistic about second half outlook

Sep 01. 2019
By The Nation

1,245 Viewed

Productivity in the agricultural sector will continue to decline during the third and fourth quarters of this year due to the flooding caused by tropical storm Podul, according to Rangsit University’s Economic and Business Research Centre – Institute of Economics.

Asst Prof Anusorn Tamajai, the Centre’s director, said that agricultural productivity has already shrunk by 1.1 per cent in the second quarter and the flooding will drive up prices of crops and food during the remaining part of the year.

“The economic impact and the quality of life of the people as a result of floods and droughts are much higher than they should be and this reflects the country’s failed water management policy,” he said. “With the increasingly harsh effects of global warming, nature is warning us that we must help to better protect the environment. The government must also have serious environmental policies. Easing the environmental standards to attract foreign investment without considering the long-term impacts will turn out to be a big burden to society in the future.”

He added that measures designed to help those suffering may be hampered by the decentralized administrative structure of the country.

“The less decentralized fiscal power means that local government organizations are therefore slower to respond to the suffering of people in areas affected by natural disasters. They are less efficient and there are inadequate equipment and tools,” he added. “A public assistance budget should be allocated. Repairing roads and public buildings of the government may have to wait for the 2020 budget, which will be approved late and will be available in February next year.”

Asst Prof Anusorn noted that the Thai economy continued to face many tough internal factors.

“The impact of the trade war has become stronger, and it is beginning to affect consumer products. The US and China have raised taxes as announced on September 1, covering products worth US$187 billion (made up of US-imposed tax on $112 billion worth of goods and China’s tit-for-tat tax on $75 billion),” he said.

“There are concerns about the employment in the Thai export sector and the impact on the trade partners of Thailand that rely heavily on exports to China. As a result, these Thai trading partners including South Korea, Japan, Vietnam, Australia and Hong Kong have been ordering fewer intermediate products and raw materials from Thailand,’ he said, adding that these countries account for 25-26 per cent of Thailand’s total export value.

Free passage on four airlines for fruit

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375660

Free passage on four airlines for fruit

Aug 31. 2019
By The Nation

953 Viewed

Deputy Prime Minister and Commerce Minister Jurin Luxanavisit said on Saturday he had arranged for people departing Songkhla to carry up to 20 kilograms of fruit for free aboard four airlines.

“We are collaborating with Air Asia, Nok Air, Bangkok Airways and Thai Smile as well as Thailand Post Plc to package and allow transportation of the fruit in nationwide,”he said. “It’s another way to support the sale of fruit and improve prices.”

This policy reduces costs for passengers taking fruit overseas from anywhere from Bt300 to Bt3,600 per trip, he said.

The ministry also promotes exports, Jurin said, with “commerce ambassadors” touting the merits of Thai fruit abroad.

Samut Prakan of interest to Taiwanese investors: TECO

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375653

Samut Prakan of interest to Taiwanese investors: TECO

Aug 31. 2019
By The Nation

650 Viewed

The Taipei Economic and Cultural Office in Thailand (TECO) has signed a memorandum of understanding with Phraeksa municipality in Samut Prakarn province that will see it provide knowledge and help in the management of public services, the local economy, education, and tourism.

The MOU also aims to increase Taiwanese investment in the province, TECO’s representative Dr Chen-Yuan Tung said on Friday.

He added that tourists from Taiwan are interested in visiting Thailand and this provides an opportunity to promote both investment and tourism between the two countries.

“Samut Prakarn province has an international airport and is a gateway to the Eastern Economic Corridor, which should encourage Taiwanese investors to expand their interests in this area,” he said.

LPN expands twinhouse project with phase 2

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30375635

LPN expands twinhouse project with phase 2

Aug 30. 2019
By The Nation

115 Viewed

Listed property firm LPN Development Plc has introduced the second phase of its twinhouse project, Baan Lumpini Townhome Rama2-Tha Karm, at a starting price of Bt5.99 million per unit.

Eighty per cent of  all units in the first phase had been sold, of which 70 per cent have been transferred  to buyers, the company’s chief executive officer and managing director Opas Sripayak said on Friday.

Booking for  units in the second phase starts Saturday (August 31) with offers of price discounts  and gift sets worth a total of  Bt600,000.

Twinhouse comprises 108 units with three bedrooms or three bathrooms and 154.99 square metres of useable space, he said.

MediaTek specialist to spearhead 5G standardisation

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375637

MediaTek specialist to spearhead 5G standardisation

Aug 30. 2019
Johan Johansson

Johan Johansson
By THE NATION

407 Viewed

MediaTek has appointed Johan Johansson, the company’s senior standards specialist as chairman of the 3rd Generation Partnership Project (3GPP)/RAN Working Group 2.

As the world’s most prominent mobile technology standards organisation, 3GPP was responsible for the development of some of the most popular mobile technologies in modern telecommunications, including GSM (2G), WCDMA (3G), LTE (4G) and NR (5G).

A long-term advocate for telecommunications technology standardisation, MediaTek is grafeful for the recognition and support the RAN2 Working Group has extended to the company. In his new role, Johansson will finalise Rel-16 and contribute to the standardisation work of future releases.

According to the 3GPP roadmap, the RAN2 Working Group will focus on developing L2/L3 protocols for Rel-17 next year, which is expected to enhance support for eMBB (Enhanced Mobile Broadband). It will also include additional functionality that supports mMTC (Mass Machine Communication) and URLLC (Ultra-Reliable Low Latency Communications), two other major use cases of 5G, and enable new market opportunities in mobile broadband and emerging IoT applications.

Since 2009, MediaTek has been actively working in close collaboration with 3GPP to promote standardisation. Between the launch of 4G networks and now, MediaTek has quadrupled its number of published technical papers, amassing great expertise in core 5G technologies.

MediaTek’s long-term and extensive contribution to the industry is highly recognised by its counterparts. The company has hosted various technical meetings for 3GPP since 2015.

Prior to his current role within the working group, Johansson was vice chairman of 3GPP RAN2 in 2017.

Moving forward, MediaTek will continue to work with global telecommunications partners to drive the evolution of 5G and post-5G technologies.

SCG acquires major stake in Visy Packaging with eye to recyclability

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375620

SCG acquires major stake in Visy Packaging with eye to recyclability

Aug 30. 2019
Roongrote

Roongrote
By The Nation

583 Viewed

SCG has acquired 80 per cent shares in Visy Packaging (Thailand) Ltd, in a transaction valued at approximately Bt4.34 billion.

Visy Packaging (Thailand) Ltd is Asia’s leading producer in food and processed fruit packaging from innovative materials and using advanced production technologies. Unique features of its products include high heat resistance, extended shelf life and recyclability that meet the needs of leading brands worldwide.

Roongrote Rangsiyopash, SCG’s president and chief executive officer, said that amid the challenges of fluctuating raw materials and energy costs and higher competition in the packaging business market, SCG is still able to capture opportunities in the growing packaging industry that continues to thrive in both Asean and other parts of the world.

SCG remains committed to its goal of building a long-term sustainable growth, said the president.

“Recently our packaging business completed an 80 per cent share acquisition in Visy Packaging (Thailand) Ltd from Visy Singapore Investments Pte Ltd, the current shareholder and a holding company within the Visy Group.

This transaction is valued at approximately Bt4.341 billion and will be processed via SCGP Rigid Plastics Co Ltd, a 100-per-cent owned subsidiary of the packaging business.

Visy Packaging (Thailand) Ltd is an advanced thermoformed food packaging producer from innovative materials. Its high quality cups, trays and jars carry unique features, such as high heat resistance, which also helps prolong product shelf life, as well as being light weight and recyclable.

It is also viewed as a safe option to substitute for conventional metal containers. These products are well accepted by global brands who seek high quality food packaging in a growing market such as Asean, which is the world’s hub for food and fruit production, he said.

“The acquisition of major shares in Visy Packaging (Thailand) Ltd will strengthen the packaging business of SCG, both in terms of revenue growth and competitiveness. It also reaffirms our positions as a global brand partner for sustainable packaging solutions,” Roongrote added.

As of June 30, 2019, Visy Packaging (Thailand) Limited had recorded revenue from sales of Bt1.77 billion, with a total of 100 employees and total assets of approximately Bt2.01 billion.

MQDC launches Whizdom Club in India

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375615

MQDC launches Whizdom Club in India

Aug 30. 2019
Chutintorn Gongsakdi, centre, Thailand’s Ambassador to India, and his wife, M.L. Piyawan Gongsakdi, third left, recently presided over the grand launch of co-working space the Whizdom Club in Delhi. Also pictured are. Thippaporn Ahriyavraromp, third right, Keerin Chutumstid, second right, President of the Property & Service Business Group, Magnolia Quality Development Corporation Limited (MQDC), and MQDC executives Ms. Chulamas Jitpatima, left, Mr. Assada Kaeokhiao, second left, and Krissayuth Chavavitayatham.

Chutintorn Gongsakdi, centre, Thailand’s Ambassador to India, and his wife, M.L. Piyawan Gongsakdi, third left, recently presided over the grand launch of co-working space the Whizdom Club in Delhi. Also pictured are. Thippaporn Ahriyavraromp, third right, Keerin Chutumstid, second right, President of the Property & Service Business Group, Magnolia Quality Development Corporation Limited (MQDC), and MQDC executives Ms. Chulamas Jitpatima, left, Mr. Assada Kaeokhiao, second left, and Krissayuth Chavavitayatham.
By The Nation

436 Viewed

Magnolia Quality Development Corporation Limited (MQDC) has taken the Thai property sector to India with the launch of ‘Whizdom Club’ in Delhi. Designed for the new generation, the Club is a 2,000sqm co-working space and startup hub located at Greater Kailash-II in South Delhi.

‘Whizdom Club’ offers services and amenities such as Whiz Café, Whiz Kid (a play zone), Whiz Den (a guru zone for mentorship), Whiz Around (a dream lab), Whiz Live (a training room hosting events and workshops), and Whiz Exchange (a shop with Whizdom merchandise).

“I extend my best wishes to the company in contributing to building an innovative ecosystem for the creative and collaborative growth of young professionals,” said Thailand’s ambassador to India, Chutintorn Gongsakdi, at the opening.

Ms Chulamas Jitpatima, Director of MQDC India Real Estate Private Limited, said the space would not only host creativity and ideas but also nurture and support its members for a better tomorrow.

“The aim of this innovative space will be to provide a co-working hub that will help corporations, rising entrepreneurs, aspiring students, and SMEs to meet their business and networking goals in an inspiring environment,” she said.

Before launching ‘Whizdom Club’ in India, Whizdom held a startup challenge and brand ambassador programme in India.

The Whizdom Innovation Challenge provided incubation support to startups and gave them a global platform. The ambassador programme selected 5 students from top colleges and universities to represent Whizdom Club India for a year.

PTT wins deal to develop electricity supply for New Yangon City

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375610

PTT wins deal to develop electricity supply for New Yangon City

Aug 30. 2019
Chawalit Tippawanich, president and CEO of Global Power Synergy Co Ltd (GPSC)

Chawalit Tippawanich, president and CEO of Global Power Synergy Co Ltd (GPSC)
By THE NATION

640 Viewed

PTT Group announced today that it has won a deal for the development of an electricity production system for New Yangon City in Myanmar.

Chawalit Tippawanich, president and CEO of Global Power Synergy Co Ltd (GPSC), said that the New Yangon Development Co Ltd (NYDC) of Myanmar has chosen PTT Group, comprising PTT Exploration and Production (PTTEP) and GPSC, to develop the electricity production system in New Yangon City, which borders Yangon.

“For the later steps, the PTT Group will further discuss the details and talk with GAIL (India), which won the contract for sourcing natural gas for the development of the New Yangon project. PTT will require the natural gas supplied by GAIL for the development of the project,” said Chawalit.

“It is too early to disclose details of the project as discussions between all parties are pending. The production of electricity must take into account the demand for electricity in the area, both in household and industrial sectors,” he added.

NYDC announced the development of New Yangon City project last year. The new area will be built on 20,000 acres of agricultural land on the opposite bank of the river from Yangon. It is expected that the New Yangon City project will create two million new jobs. The project is waiting for approval from the central government.

Chawalit said that in terms of investment in Myanmar, PTT Group is also following the progression of two possible projects. The first is the Gas to Power project with a capacity of 600 megawatts on which GPSC and PTTEP will collaborate to cater to the demand for electricity in Myanmar by using natural gas as its fuel. The supplied gas will come from Zawitka and M3 fields in Myanmar. A second project is currently under wraps.

“For GPSC’s total business plan in the next five years, we aim at having 5,500 megawatts in overall power production capacity, of which one-third will from conventional fuels, such as oil, gas, and coal. Another third will from alternative energy and one-third from the operational growth driven by parent company PTT, which will focus on expansion both domestically and within the Asean Economic Community,” he said.

Thai Union appoints new SVP for Chicken of the Sea International

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30375607

Thai Union appoints new SVP for Chicken of the Sea International

Aug 30. 2019
By THE NATION

423 Viewed

Thai Union Group today announced that Mick Wain has been appointed Senior Vice President of Sales at Chicken of the Sea International with effect from October 7.

Wain joined Thai Union in March 2011 as Commercial Director at John West, where he was a member of the executive team and helped drive John West’s branded commercial channels to a position of market leadership. In November 2017, he became a member of the Thai Union Europe leadership team when he was appointed General Manager, Chilled UK & Foodservice Europe.

Thai Union Group is a global seafood leader bringing high quality, healthy, tasty and innovative seafood products to customers across the world for more than 40 years.

Thai Union is today regarded as the world’s largest producer of shelf-stable tuna products with annual sales exceeding Bt133.3 billion and a global workforce of more than 47,000.