The baht opened at 35.47 to the US dollar on Thursday, weakening from Wednesday’s close of 35.42.
The currency is expected to move between 35.35 and 35.55 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.
He said the baht might fluctuate and weaken as the dollar strengthens and investors wait to purchase gold as the price heads down.
Moreover, foreign investors might sell their Thai shares with the stock index rising. And if the currency market descends into a risk-off state again, this might pressure the baht to weaken, Poon pointed out.
However, he said the Thai currency will not weaken much as investors await new market factors while exporters aim to sell the baht when it touches 35.50-35.60 to the dollar. So the baht will not weaken past this level during the period, Poon believes.
A senior Business Development Department official visited Ubon Ratchathani province to promote growing of economic trees that could be used as collateral to obtain bank loans.
Raweephan Changyencham, deputy director-general of Business Development Department, visited Ban Bua Thoeng village in Tambon Tha Chang in Sawang Wirawong district, and said the goal of her visit was to help farmers and members of community enterprises benefit from the business collateral act.
Raweephan said she would encourage farmers in the province to grow economic trees as a means of creating sustainable income for the family and communities.
She said her department had joined hands with the Ubon Ratchathani commerce office, the Bank for Agriculture and Agricultural Cooperatives (BAAC) and the Forestry Department to educate local farmers on how to use their economic trees on their farmlands as collateral to obtain bank loans.
Raweephan said her department wanted to help farmers and community enterprises access funds.
She said some 70 farmers and members of community enterprises took part in the seminar, titled “Economic trees as business guarantees”. She added that the participants were excited and wanted to know more details on how to use economic trees as collateral.
The government published a directive in the Royal Gazette on November 5, 2018 allowing the use of economic trees as loan collateral.
As of August 16, a total of 146,282 economic trees were used to obtain loans worth 137 million baht – 128 million baht (23,000 trees) from Krung Thai Bank, 3 million baht (318 trees) from BAAC and 6 million baht (122,964 trees) from micro finance firms.
Siam Commercial Bank (SCB) and the Faculty of Medicine Siriraj Hospital, Mahidol University (Siriraj) recently signed a memorandum of understanding (MOU) to support Siriraj with training courses for Siriraj executives and personnel developed with the expertise of the SCB Academy.
To promote knowledge and skill development focusing on enhancing the potential of Siriraj executives and personnel and enabling the organization to adapt to rapid changes, the SCB Academy will offer the following 3 main training courses for different groups of personnel:
Foundation courses for supervisors to develop their power skills and the mindset required for working in a digital generation.
An Executive Program for Siriraj executives to lead changes toward exponential growth.
Lean Evangelist for Siriraj: a Train-the-Trainer course for lean personnel to learn about principles, techniques and tools for lean instructors, with a focus on building knowledge and capabilities as a lean trainer and evangelist to peers within an organization.
The Dean of the Faculty of Medicine Siriraj Hospital, Mahidol University, Prof. Dr. Prasit Watanapa; Deputy Dean of Human Resource, the Faculty of Medicine Siriraj Hospital, Mahidol University, Prof. Suroj Supavekin; SCB Senior Executive Vice President, Chief Wholesale Banking Officer and Chief Wealth Banking Officer Yunyong Thaicharoen; and SCB First Executive Vice President and Head of SCB Academy Worawat Suvagondha recently attended the memorandum signing ceremony.
The Royal Forest Department ensures of the conference’s success.
Ministry of Natural Resources and Environment (MNRE) is opening a new page of history by being entrusted to host the 5th APEC Meeting of Ministers Responsible for Forestry (MMRF5) on August 23-25 in Chiang Mai, Thailand. This MMRF5 will be the first time for Thailand to host the ministerial level in forestry sector by following the last MMRF4 which was hosted by Republic of Korea in 2017. The MMRF is a forum to strengthen technical cooperation to achieve sustainable forest management as well as combating climate change effect among members of APEC.
“The MMRF forum serves as an important platform to establish cooperation in tackling problems seriously, for our generation and the next,” MNRE permanent-secretary Jatuporn Buruspat said.
Thailand will take the opportunity at the forum to call on and encourage APEC members to overcome any conflicts that may occur through cooperate, promote, and develop initiatives by highlighting three “If” scenarios: 1) “Business-as-usual” which under the current trend is still beset by numerous problems that need to be solved, 2) “Aspiration” which calls on all APEC members to set milestones as a reference point to achieve targets such as the Sustainable Development Goals under the Paris Agreement on Climate Change and acting accordingly to produce concrete results and, 3) to trigger “Disruptive” with expected environmental catastrophic changes if doing nothing.
Meanwhile, Jatuporn noted that Minister Varawut Silpa-archa intends to put forward the concept of the Thailand’s initiative-BCG (Bio-Circular-Green Economy) Model to the MMRF5. The minister will also encourage all APEC members to deploy appropriate tools to promote legal timber trade, combating illicit timber business, and taking other actions related to the matters such as certification of the Timber Legality Assurance System. Furthermore, public-private partnerships among entrepreneurs in the forest industry to foster mutual understanding, information exchange, and to halt forest loss and land degradation to balance greenhouse gas emissions and reabsorption will also be promoted. Those initiatives will align with the Cabinet Resolution on April 12, 2022, and are in accordance with the pledge made by Thailand in the Glasgow Leaders on Forests and Land Use Declaration.
Jutaporn said that the Minister has assigned the Royal Forest Department to fully prepare for the MMRF5 as it shows the importance of Thailand’s participation in the international community in solving forest problems which have an impact on climate change and livelihood of people. The Chiang Mai forum is expected to be attended by about 300 people including ministers and senior officials responsible for forestry missions from the 21 APEC Economies, and officials from APEC Secretariat, APEC Business Advisory Council, ASEAN Secretariat, the PECC International Secretariat and Pacific Islands Forum Secretariat, as well as invited guests, observers and exhibitors from various sectors.
MNRE offers various channels to access related information to this meeting through press conferences, the ministry’s website, on-line news delivery, and printed media outlets. In addition, interested parties can visit the exhibition of the conference in person at the Le Meridien Hotel in Chiang Mai.
“MNRE expects that by hosting the MMRF5 in Thailand, the Thai public will be given a direct opportunity to learn about forest resource management international-wide”, the permanent secretary concluded.
Amataya Wellness has recently made its debut as Thailand’s first-ever salt hot spring rehabilitation and healthcare center situated in the heart of the Klongtom district in Krabi province.
Established as one of the pilot projects under the Klongtom Heritage project, Amataya Wellness is introducing a comprehensive range of rehabilitation and healthcare services evolved by Amataya Rehabilitation Hospital. The hospital specialized in providing rehabilitation and healthcare services using the salt hot spring and scientifically proven physical therapy programs for patients suffering from stroke and other ailments. The Amataya Holistic Medical Treatment offers an extensive range of health treatment programs in combination with salt hot spring baths for maintaining good health and keeping pace with prevention before falling victim to serious illnesses, conforming to Klongtom Heritage’s “Where Miracle Becomes Reality” concept.
The opening of Amataya Wellness was held on August 8, 2022, while many distinguished guests and members of the press participated in this event. The institute is regarded as the first-ever salt hot spring rehabilitation and healthcare canter in Thailand and one of the most important pilot projects under the Klongtom Heritage project.
Dr. Noppadol Noppakun, Chief Executive Officer of Amataya Wellness, said Amataya Wellness is evolved with the aim of bringing the inestimable value of Klongtom Salt Hot Spring to patients of various diseases and health lovers to be applied in conjunction with modern medicine to provide the highest benefits for everyone’s health and wellness in new dimensions, whether it is “cure” for patients of various diseases or “prevention” for those who have not yet experienced serious ailments and are seeking excellent health. Amataya Wellness is successfully developed to spearhead the Klongtom Heritage project and will contribute to the accomplishment of driving Krabi province towards becoming a new world health destination more substantially and sustainably, getting ready to welcome not only Thai tourists but also health lovers from all over the world. With this primary intent, Amataya Wellness has categorized its services into two key areas, including Amataya Rehabilitation Hospital and Amataya Holistic Medical Treatment, unveiling the great advancement of therapeutic science of western and oriental medicine.
Klongtom Salt Hot Spring is unique and special with its highly appropriate temperatures and distinctive healing properties, particularly in helping stimulate healthy blood circulation, lower blood pressure, reduce joint inflammation, and relieve musculoskeletal symptoms. The miraculous salt hot spring is also efficient in keeping the nervous system healthy and reducing inflammation of the skin.
At Amataya Rehabilitation Hospital, patients will be offered personalized health rehabilitation programs using salt hot spring baths in combination with scientifically proven physical therapy and traditional Thai massage. Furthermore, the Klongtom Heritage project has been joined by well-known business alliances, including TRPH Hospital, Wat Phra Chetupon Traditional Medicine School (Wat Pho), Ishii Stroke Rehabilitation Center, and Bangkok Healthcare Service (BHS), for their utmost professionalism and long-standing experience in specific areas of expertise. In addition, healing properties derived from the salt hot spring can be ideal for rejuvenating stroke patients. The salt hot spring can also be used to treat several other ailments, such as Parkinson’s disease, psoriasis, muscle injuries caused by sports, diabetic wounds, and more, which must be practiced under the close supervision of professional doctors and nurses.
At Amataya Holistic Medical Treatment, the healing benefits of the salt hot spring are used in combination with traditional Thai massage available in the forms of therapeutic baths, spas, and massage for both treatment and relaxation. Soaking or bathing in the salt hot spring can also help stimulate the nervous and circulatory systems to function better in the long term. In the very near future, Amataya Wellness plans to come up with a broader range of superior healthcare services, for example, regenerative medicine with cell therapy and personalized medicine, which will be developed as personalized healthcare programs, while preparing to expand the service areas to serve a growing demand for services in the future.
Mr. Wichai Poolworaluk, Chairman of Klongtom Heritage Company Limited, reaffirmed the establishment of the Klongtom Heritage project and the opening of Amataya Wellness have paved the way for Krabi province to become a new world health and wellness destination in a more substantial manner, particularly in upgrading its level among other provinces in the Andaman Wellness Economic Corridor (AWC) project and moving forward with the National Economic Development Plan for the development of Thailand’s health tourism. These have labeled Krabi province as one of the world’s smart health and wellness cities as the province has demonstrated its potential and readiness for health tourism, with amazingly beautiful nature highlighted by famous seas, picturesque mountains, and tropical forests. When combining them with the uniqueness of Klongtom Salt Hot Spring, regarded as one of the world’s five best salt hot springs, it reflects Amataya Wellness’s truly specialized expertise in medical care and health rehabilitation, reassuring the confidence in promoting Thailand as another must-visit international health and wellness hub for everyone across the world.
Amataya Wellness is Thailand’s first-ever salt hot spring rehabilitation and healthcare center, located at 88 Moo 7, Huai Nam Khao sub-district, Klongtom district, Krabi province 81120. It offers a comprehensive range of medical treatment and health rehabilitation services for both IPD and OPD patients who are seeking health rehabilitation programs, particularly for recovery after stroke and other ailments. The rehabilitation and healthcare center also provides preventive healthcare services which include salt hot spring baths and traditional Thai massage. For more information, please contact Amataya Wellness at Tel: 092 270 2589.
Fresh collaboration with Bangkok’s underground vinyl venue to include sunset sessions and beach parties at The Standard, Hua Hin every Saturday throughout the month.
The Standard, Hua Hin, the stylish Thai resort where chic beach vibes meet mid-century style, will bring the bass to the beach this August as it collaborates with Strange Fruit, the underground vinyl venue in Bangkok, for the latest edition of Standard Sounds.
Every Saturday at sunset (16.00-19.00 hrs), Standard Sounds and Strange Fruit will bring Thailand’s top DJs to the chic surroundings of The Standard, Hua Hin’s Lido Bar for a series of seafront sessions. In a laid-back ambience, hotel guests, international visitors and local residents can chill out on sofas, cool off in the pool or lounge on the lawn while listening to soulful DJ sets and sipping cool cocktails. After dark (20.00-23.00 hrs), the party moves to the hotel’s Beach Bar as DJs up the tempo and revelers dance the night away on the soft sand.
Standard Sounds kicks off on Saturday 6th August with Sabai Sabai Radio – Maarten G. Goetheer – who have been dubbed “the Gene Wilder and Richard Pryor of Bangkok”. This offbeat DJ is’t stir crazy, but he has been laying down the baddest cuts since 2015 with an ambiguous musical style that transcends genres, pushes boundaries and raises roofs.
Following this on 13th August, The Standard, Hua Hin becomes the temporary clubhouse of Panna, the Lonely Girls Club. Founded by three best friends, Kade, Panna and Ubby-Ibby, all of whom have different tastes in music, the Lonely Girls Club’s music is all about the 2000s. Ranging from soulful R&B by Panna to reggae from Ubby-Ibby and gangster rap from Kade, these three girls will give guests something they’ve never seen or heard before.
For the third Standard Sounds session of the month on 20th August, Aopsher, one of Thailand’s most in-demand DJs, playing the sunset session. A resident at Bangkok’s famous Sing Sing Theater, Vogue Lounge and Beam, he is an active supporter of the local vinyl community.
Finally on Saturday 27th August, Strange Fruit will invite two Red Bull Music 3Style champions to fire up the crowd. Bomberselecta, the Thai turntablist, twice winner of national 3Style competition and finalist of the world event in Tokyo, will spin an eclectic mix of electro beats, R&B, hip hop, funk and reggae.
“Strange Fruit is all about the music – they care about great sounds and want to share them with a like-minded crowd. That’s what sets their Bangkok club apart and what makes them the perfect partner for The Standard, Hua Hin. We’re committed to promoting the Thai music scene and bringing the hottest acts to our guests and the wider community. Our Standard Sounds sessions are becoming the most sought-after tickets on Hua Hin’s cultural calendar,” said Mai Vejjajiva Timblick, Chief Creative & Culture Officer for Standard Asia.
Standard Sounds, The Standard’s global music division, curates live sessions in inspiring settings around the world. Just as every Standard hotel is unique, each property has a distinct identity that reflects the rich culture of its surroundings. With its a cool Miami vibe, The Standard, Hua Hin sets the stage for emerging and established artists that reflect the modern face of Thailand’s vibrant music scene, from DJs to indie bands, solo artists and more.
The Standard hotels are present in the most desirable of destinations, from Miami Beach to the Maldives, London to New York, Hua Hin to Bangkok. A haven for curious explorers, The Standard, Hua Hin was named on Condé Nast Traveler’s “Hot List” for 2022, a highly exclusive selection of the world’s most exciting new hotels. The Standard, Hua Hin was also recognized by Travel + Leisure’s World Best Awards as the #1 Resort Hotel in Southeast Asia!
Connect with the hotel via: Facebook: The Standard Hua Hin Instagram/Line: @thestandardhuahin Web: www.standardhotels.com/hua-hin
The Department of International Trade Promotion (DITP), Ministry of Commerce join hands with the private sector to organize Bangkok RHVAC 2022 and Bangkok E&E 2022, the biggest event in three years for the air-conditioning and refrigeration as well as the electric and electronics industries.
The event will feature cutting-edge innovations and a variety of products and services from well-known local and overseas manufacturers during September 7-10, 2022 at BITEC, Bangkok.
Nantapong Chiralerspong, Deputy Director-General of the DITP revealed that the DITP, in collaboration with the Air-conditioning and Refrigeration Industry Club and the Electrical and Electronics Industry Club, the Federation of Thai Industries, will organize Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning 2022 (Bangkok RHVAC 2022) and Bangkok Electric and Electronics 2022 (Bangkok E&E 2022), a significant event that has returned after three years since the outbreak of the COVID-19 pandemic.
Bangkok RHVAC 2022 and Bangkok E&E 2022 will be held under one roof in the concept of One Stop Solutions with New Innovations for New Global Challenges to showcase the complete range of Thai manufacturers’ innovative products and services that answer the world’s challenges, such as pandemics and environmental issues.
The event will gather top brands with expertise in air-conditioners, refrigerators, freezers, compressors, parts and accessories as well as leading manufacturers of electric and electronic appliances for home and industrial use from over 100 companies in 400 booths covering 10,000 square meters of exhibition area.
“In addition to such products and services from top brands and manufacturers, there will be highlighted activities for special products and innovations, divided into 3 zones namely One Stop Solutions exhibition, Product Showcase and Stay Healthy, Stay Connected exhibition. In the One Stop Solutions exhibition, we will present as Smart Home, which is a modern home with alternative energy use such as solar rooftop, IoT system, energy-saving cooling system with germ and dust prevention purifier and home devices for electric vehicles,” further added Nantapong.
This exhibition will also include several related issues: Internet of Things, Energy Service Company, Climate, International Standard, Refrigerant Trend, Air Quality, Safety and Technology with daily relevant seminars.
For the Product Showcase, Supanee Chantasasawat, Chairperson of the Air-conditioning and Refrigeration Industry Club said that it will present the 5 following product categories namely New Innovation Product, Environmentally Friendly Product, Energy-Saving Product, New Normal Product and IoT System Product with such interesting products as large air-conditioner or Air Handling Unit (AHU), Honeycomb Cooling Pad that reduces calcium slag, solar hybrid air-conditioner which can be powered by the solar cell, energy saving air-conditioner, high-performance air purifier, Energy Recovery Ventilation (ERV) unit and fresh air supply fan.
For the other highlight, the Stay Healthy, Stay Connected exhibition, Suradej Boonyawatana, Chairman of the Electrical and Electronics Industry Club revealed that the Electrical and Electronics Industry Club and the Air-conditioning and Refrigeration Industry Club, the Federation of Thai Industries collaborate with Synchrotron Light Research Institute (Public Organization), as the Electrical, Electronics and Air-conditioning Cluster, to showcase innovation for smart living solutions and medical smart electronics answering the world’s health and sanitary problems.
There will be interesting products, such as vaccine freezer, mobile refrigerator, air-conditioning system for negative pressure room and dental room, telemedicine device, smart electric pole for the smart city using solar and wind energy and also portable air purifier, as well as interesting medical research models, such as lipid nanoparticles synthesis for COVID-19 vaccine development, surgical mask filtering effectiveness tester, high purity oxygen concentrator and linear particle accelerator model for medical use.
Thailand, currently, is the top exporter of air-conditioners and refrigerators, ranked 2nd largest air-conditioner export in the world with 40,000 million USD while the export value of refrigerators is about 28,700 million USD.
Moreover, Thailand exports electric and electronics products with an increasing growth rate now ranked the world’s 13th and valued at 65,721 million USD.
“Bangkok RHVAC 2022 and Bangkok E&E 2022 will help re-emphasize the position of Thailand as Southeast Asia’s leader in the air-conditioning, refrigeration, electric and electronics industries. This event will also show the potential of Thai manufacturers that can develop and create new innovations to respond to the global market’s needs and answer the world’s challenges. We anticipate welcoming over 5,000 visitors and to generate an immediate order of over 1,500 million Baht,” said Nantapong.
Bangkok RHVAC 2022 and Bangkok E&E 2022 will be held in September 7-10, 2022 at BITEC, Bangkok. This trade show will be open for trade visitors for all four days, while public visitors will be invited to shop and visit the exhibition booths on the last two days of the event.
Mr Lim Hua Tiong, Chief Executive Officer – Development of One Bangkok and Chief Executive Officer of Frasers Property Vietnam, recently shared his visions for One Bangkok, Thailand’s largest integrated development in central business district.
As a keynote speaker under the topic of “A Developer’s Perspective on the 4Ds of Transforming Cities” (Decarbonisation, Decentralisation, Digitalisation, Disclosure) during the Urban Land Institute event at World Cities Summit 2022 in Singapore, Mr Lim Hua Tiong shared his visions among a panel of developers in development and asset management for properties from around the region.
Bangkok, August 16, 2022 — Bitkub Ventures, a Bitkub Capital Group Holdings associated company, invested in KillSwitch, a yield farming platform with a goal to strengthen Bitkub Chain’s ecosystem.
KillSwitch is a cross-chain yield aggregator DeFi platform aims to improve security and convenience for all yield farmers. They have unique features like ‘Auto-Compound’, ‘Mixture’, and their most recent addition, ‘Take Profit/Stop Loss’, which guarantee that users are free to ‘Unstake’, remove liquidity position from their funds, or sell their high-risk assets in an easy and secure manner.
This collaboration will bring new DeFi related applications onto Bitkub Chain with the help of the KillSwitch team. In order to get the best outcomes for the strategic partnerships, both parties agree to support one another with marketing initiatives. This partnership will bring the KillSwitch team, one of the blockchain industry’s most promising teams, into building on Bitkub Chain.
“The decision to invest in the KillSwitch project is because it is a yield aggregator platform that can make it easier for people to use DeFi with KillSwitch’s various functions. It is also one of the few developed by a talented Thai team and experts in the industry like Khun Chanon’s team. The platform built and targeted at a global scale and is also the only platform with stop loss feature in the world. Bitkub Ventures believes that this investment will create synergy for the Bitkub Chain,” said Ms. Naowarat Thammasuaydee, CEO of Bitkub Ventures.
“We have one common idea, that although KillSwitch is almost 100% Defi, I see that if we don’t have a use case in the real world sector, it won’t be sustainable. We have the same strategic approach and mission. I believe that this joint investment will allow Bitkub Chain and Rei Chain to grow to the next level. I want these two chains to be viewed as sister chains that can act as a bridge between the two chains,” said Mr. Chanon Yaklai, CEO of KillSwitch.
“This cooperation will strengthen Bitkub Chain’s ecosystem and I believe that KillSwitch will provide a lot of conveniences and improve the security to all yield farmers on Bitkub Chain,” said Mr. Passakorn Pannok, CEO of Bitkub Blockchain Technology.
Distressed cryptocurrency firm Zipmex has been granted a three-month debt moratorium for all its entities by a Singapore court.
Zipmex Thailand said the court approved the request during a hearing on Monday and the debt moratorium provided protection to Zipmex Asia, Zipmex, Zipmex Thailand and two other subsidiaries of the Singapore-based parent company.
The five Zipmex firms will be protected from legal action by creditors until December 2.
The court also ordered Zipmex firms to hold Town Hall meetings with clients within the next month to inform them of the current status of Zipmex firms, the possibility of buyouts by investors, and when they will be given access to their frozen Z Wallet accounts.
The dates for the meetings will be announced via emails and websites of the Zipmex firms.
Zipmex hit trouble after it invested US$53 million worth of crypto coins deposited by Z Wallet clients in two crypto lenders, Babel Finance and Celsius, which then defaulted.
Under the moratorium, Zipmex firms must report their assets within one month and any transfer of assets within 14 days. They must also issue reports on their profits and liquidity within a month as well as monthly reports on management budgets.
The Zipmex firms are also required to issue an affidavit on the progress of operations to tackle the financial crisis within six weeks.
The court also ordered the Zipmex firms to issue monthly progress reports to clients.
Zipmex Thailand said the court’s approval was a positive sign and reflected Singapore’s and international investors’ confidence that Zipmex could solve the crisis.
It said Zipmex firms were trying to mitigate the impact from Z Wallet woes and are in the process of developing an eco-system for stability of Zipmex’s ZMT coin.
It added that Zipmex firms are in buyout talks with several major investors aimed at injecting liquidity to repay investors.
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