Details of commuter fare reductions to be set within a month: Transport Minister

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373843

Details of commuter fare reductions to be set within a month: Transport Minister

Jul 30. 2019
By THE NATION

678 Viewed

The Transport Ministry has vowed that details of the government’s policy to reduce fares for commuters using all means of transport will become clear within one month.

Transport Minister Saksayam Chidchob said that he and all transport state agencies would convene on July 30 to finalise policy details.

He has already instructed the state agencies to within one month conclude a study of how the burden of transport costs could be reduced for people.

He assured that the reduction of overall transport fares would not affect the state budget or the concession contracts of the existing operators. The ministry will not only lower fares for the mass transit system, but also all other fares for means of transport, he said.

He added that the government might within this year run a pilot project lowering the fares of the Bang Yai-Tao Poon Purple Line and the Airport Rail Link route. The ministry needs to first negotiate with all related parties before making a final decision.

HCM City solicits investment in infrastructure

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373847

HCM City solicits investment in infrastructure

Jul 29. 2019
By Vietnam News
Ho Chi Minh CityN

599 Viewed

Ho Chi Minh City authorities have called on local and foreign businessmen to invest in the city’s infrastructure.

The burgeoning metropolitan area with 13 million inhabitants is facing problems caused by rapid urban development and is struggling with climate-related problems, said Le Thanh Phong, head of the Investment and Trade Promotion Centre’s investment promotion division.

“The demand for urban infrastructure is forecast to grow as a result of the rapid urbanisation,” he told the Infrastructure Vietnam Summit that wrapped up on July 26 in HCM City. “Traffic problems and flooding have hindered social and economic development.”

The city is soliciting investment of $53 billion (Bt1.6 trillion) in 210 projects, mostly in infrastructure, according to the official.

The city requires $42 billion for 85 transport infrastructure projects, including 55 roads and bridges, seven for waterway transport, eight in railways, and 15 road works.

It also needs $4.9 billion for 36 urban technical infrastructure projects, including drainage systems and wastewater treatment plants.

It plans to develop a satellite city in four areas to help reduce population pressure and stress on infrastructure in the city centre.

Nguyen Quoc Hien, director of the project preparation investment unit under the Management Authority for Urban Railways, said as a metro and an economic hub HCM City urgently needed to build an urban railway system.

Under a master plan approved by the government, the city would develop an urban railway system with a length of 220 kilometres at a cost of $26 billion, including eight metro lines, one tramway line and two monorail lines, he said. “The 220km urban railway system is modest compared to the city’s rapid economic growth and urbanisation.”

“Three of the metro lines have received funding commitments but they account for only 10 per cent of the total cost and the remaining 90 per cent investment has yet to be tied up,” he said.

KPMG Legal Limited director Tran Duy Binh said lengthy procedures and multiple approvals were among the key irritants faced by foreign investors.

It was also difficult and time-consuming to find an appropriate local partner, he added.

As of last month investors from 106 countries and territories had invested more than $45 billion in numerous sectors in the city.

Hua Lamphong-Bang Khae section of Blue Line opens for trial

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373841

Hua Lamphong-Bang Khae section of Blue Line opens for trial

Jul 29. 2019
By THE NATION

1,207 Viewed

Transport Minister Saksayam Chidchob on July 29 presided over a ceremony to kick off the trial operation of the Hua Lamphong-Bang Khae section of the Blue Line mass transit system.

Commuters can enjoy a free ride on the section between Wat Mangkorn and Tha Phra from July 29 until September 28 from 10am to 4pm.

Nine Naphat becomes Whizdom brand ambassador

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/property/30373842

Nine Naphat becomes Whizdom brand ambassador

Jul 29. 2019
77 Viewed

Magnolia Quality Development Corporation (MQDC), operator of villa, condominium, and mixed-use projects, continues its commitment to creating a learning and sharing society, by introducing the latest Whizdom Brand Ambassador, Naphat “Nine” Siangsomboon, as a role model for a new generation of young people who are ready to develop their potential and spread further the concept of “A society of smart and good-hearted people”.

Assada Kaeokhiao, president of the Whizdom brand, identifies Whizdom’s main target as the new generation interested in lifestyle innovations and a learning and sharing society. “For this reason, we are continuing to develop the lifestyle of the new generation,” he said, adding that Whizdom already has 2 brand ambassadors, Urassaya “Yaya” Sperbund and Prin “Mark” Suparat, who both represent the innovative new-generation lifestyle.

“Since the beginning of the year, MQDC has spent more than Bt40 million setting up the Whizdom Club to be a multifunction space as part of the Whizdom Society. It is not just co-working space but a space to create a learning society and meet the needs of the new generation’s lifestyle. It has been in service since February, with an average of 4,000-5,000 users each month. It has been open 24 hours a day since the beginning of July,” added Krissayuth Chavavitayatham, vice president of Whizdom Society by MQDC. “We also have activities organised for Whizdom members and the general public that will help develop skills and give inspiration in various areas throughout the year to enhance the quality of life, security, and health of residents to live a quality life full of happiness every day. In the first half of the year, Whizdom Club has hosted 20 activities for which over 1,000 people have registered.

“MQDC will continue to build a learning and sharing society that will support the new generation in the world stage. In the near future, MQDC plans to launch additional Whizdom Club overseas, starting with India.”

Naphat says he’s delighted to have been selected as Brand Ambassador. “I accepted the position because the brand has a clear objective: to be a representative of the new generation. I want to inspire and encourage the new generation in creating useful things and this made me recognise that both Whizdom and I had the same purpose in supporting social change, starting from the Whizdom Club, which will inspire and empower the new generation,” he said.

“Whizdom Society by MQDC continuously creatdes activities to support the sharing and learning society, such as the Bright Start Breakfast, which provides free breakfasts to all Whizdom residents. The initiative reflects our understanding of the behavior of the new generation, who have to rush in the morning to study or work, with no time to eat breakfast. And the Whizdom Scholarship project now supports a new scholarship model, which provides grants to students along with accommodation in Whizdom condominiums. A new activity I will have the opportunity to join is Re-forest, which helps restore forest at Khao E-to in Prachin Buri Province, working alongside people from various organisations. I believe these activities will help the new generation develop, with both good actions and inspiration in creating new things for our society and the world,” Nine said.

Lottery saving scheme to launch mid-August

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373834

Lottery saving scheme to launch mid-August

Jul 29. 2019
By The Nation

169 Viewed

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will launch the two-year lottery saving scheme at Bt20 per unit with an interest rate of 0.5 per cent a year in the middle of August, the bank’s executive vice president Somkiat Kimawaha said on Monday.

He added that the bank expects to raise up to Bt10 billion through this lottery saving scheme and that new loans are forecast to reach Bt95 billion by the end of this year.

“We are introducing the lottery saving in time to serve the strong demand for agriculture loans this time of year, as farmers start preparing for a new planting season,” he said.

The lottery saving offers prizes worth Bt1 million a year and lottery saving holders also have the chance to win a prize every month. The draw will be made on the 16th of every month over a two-year period. The bonds can be purchased at BAAC’s branches nationwide, as well as through mobile application, 7-Eleveen and prepaid kiosks.

Star Alliance to introduce biometric data recognition

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373837

Star Alliance to introduce biometric data recognition

Jul 29. 2019
(Photo from Star Alliance website)

(Photo from Star Alliance website)
By THE NATION

149 Viewed

Star Alliance, the world’s largest airline alliance, and NEC Corporation, a global leader in IT, network and biometric technologies, have entered into a partnership agreement to develop a biometric data-based identification platform that will significantly improve the travel experience for frequent flyer programme customers of Star Alliance member airlines.

The new platform aims to deliver a seamless customer journey and is expected to be introduced early next year.

Once implemented, Star Alliance customers who opt-in to biometrics will have a seamless and hands-free passenger experience, allowing them to pass through curb-to-gate touchpoints within airports, such as check-in kiosks, bag-drop, lounges, and boarding gates, which traditionally require both a passport and boarding pass, by using a secure identity management solution featuring facial recognition technology.

Moreover, the platform will help airports and the Star Alliance member airlines to increase operational efficiency.

The service will be available to customers who are enrolled in one of the Star Alliance frequent flyer programmes and who have authorised the use of their biometric data.

Customers will have the option to enroll in the new platform via their smartphones. They only need to enroll once and can then use their biometrics data multiple times at biometrics touchpoints of any participating airport whenever they travel with a Star Alliance member airline.

Personal data, such as photo and other identification details, are encrypted and safely stored within the platform. From the outset, the system has been designed in compliance with applicable data protection laws making use of the latest facial recognition technology. Personal data will only be processed with the consent of the passenger. Passengers may be required to show their passport during security and immigration procedures.

“In NEC, we have found a strong partner who shares our vision of a seamless travel experience for air travellers. At Star Alliance we are committed to making the customer journey better, and this strategic partnership with NEC will help us make the way from curb to gate to aircraft a much simpler, yet innovative experience for our customers,” said Jeffrey Goh, chief executive of Star Alliance.

Takashi Niino, President and CEO of NEC Corporation, added: “NEC is pleased to join forces with Star Alliance to bring an improved cross terminal customer experience. Facial recognition is truly revolutionising the airline industry and making flying more enjoyable, just as it was always intended. In support of this partnership, similar to our implementations in United States, Singapore, Hong Kong and Japan, NEC will mobilise its global resources and provide local assistance to each of the member airlines to leverage this secure, interoperable platform and rapidly bring our common vision to reality.”

Star Alliance and NEC aim to introduce the first biometric solution at a Star Alliance airport hub by the first quarter of 2020.

Australian tourists are top spenders in VN: report

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373836

Australian tourists are top spenders in VN: report

Jul 29. 2019
By Viet Nam News
HCM CITY

197 Viewed

The average spending by tourists from China, the largest source of visitors to Vietnam, is much lower than that of other nationalities, according to a report by the Vietnam National Administration of Tourism.

The 2018 Vietnam Tourism Annual Report said last year there were more than 4.9 million visitors from China, or 32 per cent of all foreign arrivals.

Without saying how much various nationals spent per day on average, the report merely said spending by Chinese was estimated at VND94.7 trillion (US$4 billion), or 24.7 per cent of total tourism revenues.

A Chinese tourist thus spent VND19 million ($818) on average during their visit while South Koreans, who made up the second largest number of visitors, spent VND26.3 million ($1,100) each.

There were 3.4 million South Koreans, or 22.5 per cent of all international arrivals, and they spent an estimated VND92 trillion ($3.96 billion), or 24 per cent of total tourism revenues.

The report said tourists from Australia, Russia and the US spent a lot of money on average and had lengthy stays.

Australian tourists accounted for the highest average spending of VND36.6 million ($1,500), followed by Russians with VND33.9 million ($1,460) and Americans with VND32.4 million ($1,390).

Last year Vietnam received 15.49 million foreign visitors, a year-on-year increase of 19.9 per cent.

The country’s top ten source markets were China, South Korea, Japan, Taiwan, the US, Russia, Malaysia, Australia, Thailand, and the UK, which accounted for 83 per cent of all arrivals and 78 per cent of tourism revenues.

Last year tourism revenues were worth more than VND637 trillion ($27.44 billion) with 60.1 per cent coming from international tourists and the rest from domestic tourists.

In the first half of this year Asia remained the largest source market for the tourism sector, accounting for 77 per cent of foreign arrivals in Vietnam, according to the General Statistics Office.

Tourists from Europe and the US accounted for 14 per cent and 6 per cent respectively.

The number of international visitors totalled 8.5 million, up 7.5 per cent year-on-year. —VNS

Daily trading volume on main bourse hits lowest in 30 months

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373797

Daily trading volume on main bourse hits lowest in 30 months

Jul 28. 2019
By The Korea Herald

93 Viewed

The daily average trading volume at South Korea’s main bourse reached the lowest level in 30 months in July, data showed Sunday, as investors’ sentiment was hurt by the global trade disputes.

As of Friday, the daily average trading volume on the main bourse reached 4.3 trillion won ($3.63 billion), which marked the lowest level since 4.1 trillion won posted in January 2017, according to the Korea Exchange.

The figure marked a sharp decrease from May last year, when the figure reached a record high of 9 trillion won.

The decrease was largely attributable to the trade dispute between the United States and China, analysts said. Japan’s export restriction against South Korea implemented earlier this month also weighed on investors’ sentiment, they added.

Starting this month, without prior notice, Japan implemented strict regulations for exports of three key materials for chips and displays to South Korea, which Seoul believes to be in retaliation for a local court’s verdict to order Japanese firms to provide compensation for its wartime forced labor.

“Investors are taking a wait-and-see stance on the growing external uncertainties,” said Seo Sang-young, a researcher at Kiwoom Securities Co.

Analysts said investors’ sentiment is expected to remain weak down the road as Japan is seeking to further expand export curbs against South Korea.

Tokyo is moving to remove South Korea from a “whitelist” of trusted importers, which could affect an additional 1,000 industrial items.

“The anxiety rising from the uncertainties over the consequences of the exclusion from the whitelist is affecting the market,” said Kim Byung-yeon, an analyst at NH Investment & Securities.

S. Korea speeds up efforts to file compliant with WTO on Japan’s export curbs

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373796

S. Korea speeds up efforts to file compliant with WTO on Japan’s export curbs

Jul 28. 2019
By The Korea Herald

86 Viewed

The South Korean government is speeding up preparations to file a complaint with the World Trade Organization as Japan is moving to remove Asia’s fourth-largest economy from its “whitelist” of trusted trading partners, sources said Sunday.

“We plan to file a complaint with the WTO on a date convenient for South Korea,” Deputy Trade Minister Kim Seung-ho said last week after returning home from Geneva, where he participated in a WTO meeting to win support from the international community and fend off export curbs by Tokyo.

Early this month, Japan implemented strict regulations for exports of three key materials to South Korea, which are crucial for the production of chips and displays, on the grounds that Seoul runs a lax system for the control of goods that can be diverted for military purposes.

Shortly after the announcement, the South Korean government said it will consider all measures, including filing a complaint with the WTO, and claimed that all allegations raised by Japan on the export control were groundless.

Japan is set to expand its restrictions to other areas by removing South Korea from a whitelist of trusted importers in the coming weeks, a move that could delay or disrupt the supply of such materials as it can affect more than 1,000 items.

The South Korean government is currently reviewing details of the request for consultation, which will be handed to the WTO as the first step for the lawsuit.

In line with such efforts, Seoul is also seeking to find a diplomatic settlement with Japan.

Foreign Minister Kang Kyung-wha will use a series of multilateral talks in Thailand to reverse Japan’s recent export control measure against South Korea.

Kang is set to attend the annual ministerial gatherings involving the 10-member Association of Southeast Asian Nations taking place in Bangkok next week.

Trade Minister Yoo Myung-hee also visited Washington last week to highlight that Tokyo’s restrictions could disrupt global supply chains and have a negative impact on not only Asian companies but the world’s largest economy.

THAI needs proper restructuring to survive: Sumeth

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

https://www.nationthailand.com/business/30373774

THAI needs proper restructuring to survive: Sumeth

Jul 27. 2019
“We believe that once the restructuring is complete, Thai Smile will improve its financial results in three to five years and will have space for expansion in the future,” THAI's president Sumeth Damrongchaitham  said.-Photo by: The Nation

“We believe that once the restructuring is complete, Thai Smile will improve its financial results in three to five years and will have space for expansion in the future,” THAI’s president Sumeth Damrongchaitham said.-Photo by: The Nation
By The Nation

1,186 Viewed

Thai Airways International (THAI) needs restructuring if it is to survive in the highly competitive aviation business, the airline’s president Sumeth Damrongchaitham said on Friday.

He added that THAI has already appointed an advisory team to see what changes are needed in terms of flight schedules and its tie-ups with other airlines that are part of Team Thailand, such as Thai Smile, Nok Air and Bangkok Airways.

“The advisory team will take two months to finalise the study and offer a proposal for our new flight schedule for 2020,” Sumeth said.

Under the restructuring, THAI will focus more on the international market and link up with other members of the Team Thailand for local flights, he said.

“Our new schedule will provide support for customers who fly by THAI to Bangkok and have to board a connecting flight to other locations in Thailand or neighbouring countries. The new schedules will ensure passengers have enough time to catch connecting flights,” Sumeth added.

The new THAI flight schedule will also link up with other Star Alliance airlines as well as Thai Smile.

Photo by THAI

Photo by THAI

“We believe that once the restructuring is complete, Thai Smile will improve its financial results in three to five years and will have space for expansion in the future,” THAI’s president said.

According to a source from the airline, the advisory team has told THAI to create a new department to manage such jobs as purchasing aircraft, setting up flight schedules and getting rid of old aircraft.

“This new department may be set up in the next six months, and should start operating by next year,” the source said.