WATS Forum offers glimpse of life–changing innovations

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WATS Forum offers glimpse of  life–changing innovations

Real Estate June 03, 2019 18:21

By The Nation

The business world can ensure sustainable well-being for all life on earth, said experts said at WATs Forum 2019 , organised by Research & Innovation for Sustainability Centre (RISC) on Monday.

The forum set out to give an international audience a glimpse into an era of life-changing innovations with inspirational cutting-edge presentations for four world-renowned thought leaders who shared their visions of innovations for well-being, architecture, technology, and sustainability, RISC’s chief advisor Associate Professor Dr Singh Intrachooto said.

Boonserm’s work impresses jury with its ‘poetic qualities’

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Boonserm, second from left, holds the Royal Academy Dorfman Award with the award's jury at the Royal Academy of Arts in UK on May 17, 2019.
Boonserm, second from left, holds the Royal Academy Dorfman Award with the award’s jury at the Royal Academy of Arts in UK on May 17, 2019.

Boonserm’s work impresses jury with its ‘poetic qualities’

Real Estate June 03, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

BOONSERM PREMTHADA, founder of the architectural Bangkok Project Studio practice in 2003, is the first Thai architect to win the Royal Academy Dorfman Award, which was presented as part of the second annual Royal Academy Architecture Awards Week held May 13-17 in the UK.

The event was conducted by the UK’s Royal Academy of Arts. The annual award, first granted in 2018 and supported by the Dorfman Foundation, forms part of the Royal Academy of Arts’ increased commitment to architecture.

Boonserm’s awarding was decided by a distinguished international jury chaired by Royal Academician Alan Stanton, who co-founded the Stanton Williams architectural design practice.

Jury members included artist Phyllida Barlow RA; director of LSE Cities Ricky Burdett; co-founder of Sauerbruch Hutton, Louisa Hutton RA; head of the Graduate School of Architecture at University of Johannesburg Lesley Lokko, and broadcaster Kirsty Wark.

They were joined by last year’s winner of the Royal Academy Dorfman Award, Iranian architect Alireza Taghaboni along with the winners of the Royal Academy Architecture Prize, Elizabeth Diller and Ricardo Scofidio.

Boonserm was one of four finalists, the others being Fernanda Canales (Mexico), Alice Casey and Cian Deegan, TAKA (Ireland), and Mariam Kamara, Atelier Masomi (Niger).

Boonserm’s work impressed the jury with its “extraordinary empathy, originality and poetic qualities.”

Lloyd Dorfman, a trustee of the Royal Academy Development Trust, entrepreneur and philanthropist, said, “We are excited to see how [Boonserm’s] work develops, in particular how he can apply his inimitable approach to the challenges of urban environments.

“As a foundation, we wanted to help re-assert the prominence of architecture at the Royal Academy, drawing inspiration from its original vision 250 years ago, along with supporting the plethora of exciting emerging global talent,” said Dorfman.

“The finalists, coming from four different continents, reflected the international nature of the awards. We are pleased that they are generating interest all over the world, and now … look forward to this continuing as they move towards their third year in 2020,” Dorfman said.

Kate Goodwin, head of Architecture and Drue Heinz, curator at the Royal Academy of Arts, said all four Royal Academy Dorfman Award finalists had shared immensely impressive projects that demonstrated how inspiring architecture can make a difference to people’s everyday experience. They have highlighted why the Royal Academy Architecture Awards, now in their second year, are one of the most important aspects of the Royal Academy’s architectural activities, they chorused.

“We believe in fostering architectural talent, enhancing discourse across the world and building greater awareness and knowledge of the role architects are playing in shaping our environments,” Goodwin said.

Boonserm said that he did not know who nominated him for the award. But it highlights that Thai architects have the design and qualities to meet the global standard, especially regarding design that is concerned about its use to match with the surrounding community and environment, he said.

Good architecture celebrates and enriches the neighbourhood

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The Wine Ayutthaya project, Ayutthaya province
The Wine Ayutthaya project, Ayutthaya province

Good architecture celebrates and enriches the neighbourhood

Real Estate June 03, 2019 01:00

By SOMLUCK SRIMALEE
THE NATION

WHEN designing a building, it must be ensured that is a part of the community and environment. This is the way to improve the quality of life of people who reside around the building, Boonserm Premthada, a lecturer in the Department of Interior Architecture at Chulalongkorn University’s Faculty of Architecture, said in a recent interview with The Nation.

Boonserm, 52, won the Culture Ministry-sponsored Silpathorn Award for architecture this year and also holds the 2019 Royal Academy Dorfman Award for Architecture from the UK-based Royal Academy of Arts.

Most architects and property developers are these days concerned about the environment and the community when designing a building, said Boonserm.

And that is the right approach, he said, because a building can change a community for the better when the project is designed to match both the community and its environment.

“When I think about how to design a [specific] building for a public area, I seek to learn what the community needs. Then I will set out to design a work of architecture that meets the functional requirements of those people, while also achieving an appealing design that encourages people to visit the building and the community. This can form part of the efforts to create a new economy for such communities,” Boonserm said.

He pointed to the Elephant World project in Surin province, which was among the projects he presented to the Royal Academy of Arts in the UK. For that design, he spent a year first learning about the lifestyle of the people who live with the elephants, and then about elephant behaviour. Only then did he design the landscape and the building to serve both the lifestyle of the people who work with elephants and the lives of the elephants themselves.

Meanwhile, he also designed the buildings around the project as a landmark for all tourists who visit. This was the way to advance ecotourism in the community, while also improving the quality of life for those who live around the community by creating jobs that would serve the tourists expected to visit the attraction when the project was completed. (This project remains under construction with an expected completion date in 2020.)

“In my view, architecture has to be for the community’s benefit, especially for projects that can become an area landmark to boost tourism. This is the type of challenge that all architects should seek to rise to,” he said.

Boonserm also designed the Ban Chang Town Hall in Ban Chang district of Rayong province. That project won a major Asia-wide honour as an Acknowledgement Prize at the Fifth LafargeHolcim Awards Asia-Pacific 2017. The building was envisaged as a town hall to be used by all members of the community to discuss issues of importance to them, such as the environment and community needs.

Yet a building’s design has to be eye-catching enough to inspire visitors to make return trips, he said.

“I believe that when we design a building in such a way to serve as an inspiration, then this creates a feeling in people that makes them want to keep coming back to it,” Boonserm said, adding that the town hall would become a local tourism landmark.

Boonserm added that concept designs for a public area or a residential and commercial area at this time must change to be concerned foremost about the community and the environment. By designing the building through the lens of community and environment, the result will be a landmark for community and would also create relationships between the building owner and the people in the surrounding community.

The result will be an improved quality of life and sustainable living for the long term.

“When I design, I learn about the community, environment and culture around the location where the project will be built. Then I will design the project to serve that community, environment, and culture. The building will present the community identity and also tell something about the lives of the people around the building. My project is not only about the building, all of my building designs present the lives of the people around the project,” Boonserm said.

Why LEARNING is never off the menu

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Why LEARNING is never off the menu

Corporate June 01, 2019 01:00

By KWANCHAI RUNGFAPAISARN
THE NATION WEEKEND

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HESTER Chew believes learning is a life-long process and his success embodies that conviction. He has spent more than 35 years working his way up the management ladder in international restaurant chains.

Now he sits atop the company that runs the vast network of McDonald’s restaurants in Thailand.

Chew, who is chairman of the executive committee and chief executive of McThai, has been a local pioneer in what is known as the quick-service restaurant (QSR) industry.

Chew says he clocked up a wealth of diverse experiences in his engagement with QSR. Among them are the benefits from networking with people, including friends and other professionals – and that opportunity to pursue lifelong learning.

These experiences have helped him to apply what he has learned in business training. The knowledge he has learned from many developed markets around the world has been put to work, and these insights have helped in the creation of products relevant to the local market.

Hester Chew

He can say with confidence that his joining the QSR business became a central part of his life-long learning process.

Chew began his career in the fast-food business in the early 1980s, when in Singapore he joined the company that later became known as KFC.

“I felt inspired to bring a new industry to the market, exciting curiosity among people, as I took up an opportunity for extensive training. I always keep learning and have grown from that initial experience,” he says.

“Initially, I joined the QSR industry back in 1983 and it was then a very new industry. Being young, I was quite curious and liked to work with people. My passion is to work with people in this industry,” says Hester, who joined KFC in the city state as a management trainee.

“At that time, I went for training in the restaurant. I got to learn not just by looking at the products and organising people, but also by planning for the restaurant.

“ My inspiration was the curiosity that I felt as QSR was a new industry there. The role allowed me to work with people. I grew and learnt from that. It also gave me an opportunity for training overseas, including in Australia and Louisville, Kentucky. It gave me exposure to not just KFC in Singapore but to more developed KFC operations, like in Australia and the US.”

Chew progressed from management trainee to restaurant manager and then to area supervisor. He did training for restaurants and took over all the operations at the area level. After that, Chew went on to a senior role in the company’s regional operations.

Chew was getting noticed and, in 1988, the company president asked him to establish KFC’s business in China. But his family felt China was too far away for their liking, so he was presented with an offer to run the business in Bangkok and its joint venture with Charoen Pokphand (CP). He moved to Thailand in October of that year. “It proved a good move for me as in Thailand I started to learn about a new culture and how to do business here, as well as combining people skills and business skills to grow the business here,” says Chew, who worked at KFC for almost 20 years -13 of them in Thailand.

Chew says that when he moved to Thailand KFC already had a local franchisee, Central Restaurants Group (CRG), which stuck a deal with KFC in 1985.

“When I moved here in 1988, CRG already had the franchise for KFC, but the company had stopped growing the brand,” he says. “Central operated five KFC restaurants, including the Silom store, which burned down.”

Chew said the number of KFC restaurants in Thailand had grown to 300 – comprising those branches run by CRG and those owned by the company – when he left KFC in 2002.

“During my first two to three years at KFC, I tried to work hard to reshape the business and work together with CRG. There was a good initial working relationship as I tried to rebuild trust and inter-personnel skills relationships so that we could grow the business,” Chew recalls of that time.

“The way I develop a business, whether at KFC or McDonald’s, is to work on how to adapt the business and enhance and grow the brand within the local context.

“When I first started at KFC, I introduced rice into the KFC restaurant in Samrong. Rolling out rice at KFC in 1989 was my strategy to adapt to the affordability levels and local eating habits of Thai consumers.

“Adapting the business concept is quite important in order for us to see what we are growing with. At McDonald’s today, new products are relevant to families and our consumers.

“Adapting the brand and the business to the local culture is important. What have I gained? I have gained a working knowledge along with experience, and I have got to know many friends in Thailand. At the end of the day, Thailand has proved to be very good place for us to adapt the business and to work.”

Chew, away from his hectic work schedule, goes to the gym at least once or twice a week to keep up his exercise routine. He also enjoys a round of golf once or twice a month.

“I enjoy travelling and the opportunity to meet different people, experience different cultures and tastes and the different foods,” he says.

“I am also very active in the Young Presidents’ Organisation (YPO), which has 27,000 members around the world. You can look at my hobbies and my interests. It helps me to maintain good networking. YPO has a lot of educational programmes. I think at an individual level, whether we are male or female, we always want to keep learning. Lifelong learning is quite important. YPO’s concept is lifelong learning. I think that is good as well.

“Let’s take YPO. When we travel on business, I invite out a group of businesspeople. Like last year in Hawaii, at an evening dinner I got different YPO members from local business industries to join us and they explained about their local industries.

“Getting local knowledge directly from local businesspeople on the ground is one way that we can gain more knowledge.”

Chew cites a recent programme at YPO in Cape Town, where he gained updates on artificial intelligence. A Tibetan monk also talked about mindfulness and how people can work can relax and work under a balanced approach.

“So, I think on-going learning and networking with people are ways that have helped me in business,” Chew says. “Keeping up exercise is also important. This helps me to keep fit and sharp so that I can focus more on my work.”

He says that one of the most important factors for doing well at work is focus.

“So, if you’re not physically fit, it will be difficult for you to focus and concentrate on business. I sleep maybe for four hours a day. Being fit is important,” he says “Everybody says we must sleep at least eight hours a day. For me, sleeping for just four to five hours is good enough. However, on Sunday afternoon, I just relax.

“Going to the sports club is my place to recharge the batteries. It is like a car going for a check-up and battery recharge. People for the same reason need to be recharged. Keeping fit is important so that we can focus on our work. Having networks and ongoing learning are important so that we can keep updating ourselves.”

Technology provides another example of the need for constant updating.

“We need to be updated as the technology is changing so fast,” Chew says. “This morning at 8.30, I attended a business seminar by Facebook to understand what is happening in terms of the disruption we see with technology. Some 150 people were there, so I met many people. I got to know some new people, met some old friends, and also updated myself on what has happening in the technology world as well. It is important to keep bring updated and to be curious and to keep learning as well.

“Technology is disrupting businesses with mobile apps. For example, our app and Web have helped our McDonald’s delivery business to achieve strong double-digit growth. We need to apply technology in the business as well as learn more broadly about it.”

Chew joined McDonald’s in Thailand in 2006. At that time, the company operated 93 restaurants across the country. The number of McDonald’s restaurants has since risen to 248.

“We always look at what we have achieved over the past 13 years. A key thing that we have done is to make our products relevant,” he says. “We are more aggressive on drive-thru. For the past eight to nine years, McDonald’s has been at the forefront in pushing more drive-thru stores in the market. Now, many brands are also opening drive-thru outlets. Drive-thru is one area that we have pushed. McDonald’s is definitely a pioneer in the drive-thru business in Thailand.

If we look at the technology front, today we have more than half of our restaurants with a digital menu board. And we have some 60 restaurants with self-ordering kiosks.

“So at the moment in QSR, we do have different products that we want to make relevant to the customers. We also expanded McCafe into McDonald’s here.”

Chew says his long-term ambition for the company is for it to continue to grow.

“I think it is important for the company to continue to grow our business as well as our team and our people within the company,” he says. “We also want to ensure that our restaurant and CSR programmes, such as Ronald McDonald House Charities, continue to be strong.”

Chew says McDonald’s has three major corporate social responsibility programmes. Under the first one, the company has opened children’s playrooms at 35 hospitals. The second programme concerns Ronald McDonald Houses, which have been opened at the Queen Sirikit National Institute of Child Health, Nopparat Rajathani Hospital, King Chulalongkorn Memorial Hospital, and Siriraj Hospital.

“Working with the four hospitals on a combined basis, every year we can serve up to 58,400 people who have stayed with us,” he says.

The third programme, Ronald McDonald Care Mobile, provides oral health screening and dental care services to underprivileged children in rural areas for free. Each year, the company serves about 8,000 children with this programme.

Chew says that he believes in work-life harmony, rather than work-life balance.

“This is because balance implies an equal measure. When we enjoy our work we won’t have a problem. We don’t see it as work. The importance for us is to enjoy our work,” says Chew, who notes that when people work hard, they play harder and, sometimes, drink the hardest as well.

“I think we have got enjoy what we’re doing. We work hard so that we can provide for our families, which is important. We work hard to provide more opportunity for our staff and employees. I think working is important.

“As a leader, I believe empathy is important. We have an attitude of empathy. We have an attitude of being a servant leader. We work and serve at the same time, so that we can grow our organisation and to grow stronger together.”

King Power wins duty-free auction for Bangkok’s main airport

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King Power wins duty-free auction for Bangkok’s main airport

Corporate May 31, 2019 17:59

By AFP

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Thailand’s King Power won the auction to run the duty-free shops at Bangkok’s biggest airport, authorities said Friday, priming the company to extend its monopoly over a concession worth nearly $2 billion a year.

The unlisted company, founded by the late Vichai Srivaddhanaprabha — Thailand’s fourth richest man and owner of Leicester City football club at the time of his death last year — has held a monopoly over Thailand’s duty-free industry since 2006.

That has prompted intense criticism from rivals including some of the world’s biggest travel retailers, who have lobbied for the monopoly to be broken up saying a lone player limits revenues for Thailand’s airports and could fuel corruption.

The concession, administered by Airports of Thailand (AoT), is set to be renewed in 2020.

    Duty-free sales in Bangkok’s Suvarnabhumi airport — which attracted 51.5 million international visitors in 2018 — generate an estimated $1.9 billion a year, according to the Thailand Development Research Institute.

AoT said King Power won the auction despite competition from Korea’s Lotte and Empire Asia Group, which partnered with Switzerland’s World Duty Free Group.

The decision is set to be finalised on June 19.

King Power “proposed higher compensations than the current one AoT receives… we have finalised our negotiations,” said Wichai Bunyu, AoT’s senior executive vice president, declining to reveal how much each company bid.

Rival firms eyeing Thailand’s lucrative duty-free market have lobbied hard to end the monopoly.

But King Power is supremely well connected — late owner Vichai’s funeral earlier this year was partially sponsored by the royal family and saw Thailand’s political and business elite pay their respects.

Rival bidders on Friday expressed dismay over the apparent lack of transparency in the award.

“(AoT) didn’t explain the reasons… I think we can do more to benefit the country,” said Vitavas Vibhagool, CEO of World Duty Free partner Grande Asset Hotels.

A second duty-free concession at Phuket, Chiang Mai and Hat Yai airports is expected to be announced later this year.

Suvarnabhumi rakes in the lion’s share of revenue from Thailand’s airport and AoT earned $522 million in 2018.

The death of Vichai in a helicopter crash last year raised questions over the ability of his youngest son, Aiyawatt, to maintain King Power’s hold on its cash cow airport monopoly.

But winning the auction suggests “that even without the patriarch, the conglomerate still has enough pull”, said political analyst Thitinan Pongsudhirak.

At the time of his death in October, Vichai’s empire was worth around $5.2 billion, according to Forbes, making him Thailand’s fourth richest man — a meteoric rise since his company started in 1989 with a single Bangkok shop.

Last year, a Thai court rejected an attempt to sue King Power for hundreds of millions of dollars in unpaid revenue to AoT — a rare legal challenge issued by the company’s rivals.

King Power wins airport management contract

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King Power wins airport management contract

Corporate May 31, 2019 15:52

By The Nation

3,658 Viewed

King Power Suvarnabhumi has won the bidding to manage the commercial area at Suvarnabhumi International Airport with the highest offer, AOT senior executive vice president Vichai Bunyu said on Friday.

The winner will be approved on June 12,  he said.

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Economy June 03, 2019 01:00

By The Nation

FIRST CHIP BANK CARDS IN VIETNAM LAUNCHED

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and seven commercial banks, launched the first ATM domestic chip cards to meet EMV standards on May 28.

The seven banks are Vietcombank, Vietinbank, BIDV, Agribank, Sacombank, TPBank and ABBank. The banks have a large number of bank cards, accounting for 70 per cent of the country’s total ATM cards nationwide.

Deputy governor of the State Bank of Vietnam Nguyen Kim Anh said the switch from magnetic strip cards to chip cards is one of the key solutions to promote non-cash payments.

She noted that this was a trend in the region and the world in the context of the increasing number of hi-tech crimes.

Vietnam currently has about 76 million cards issued by 48 banks. The chip cards help reduce the risk of card-related crimes and enhance payment safety for customers.

The SBV plans to have at least 30 per cent of active chip cards in the country by the end of 2020. The number will rise to 60 per cent by the end of 2021, and 100 per cent by the end of 2022.

Nguyen Quang Minh, NAPAS’s deputy general director, said that the chip card was built under special standards for Vietnam’s market, but follows international standards.

In addition, customers can use both magnetic strip cards and chip cards as the commercial banks upgrade the ATM system to accept the two cards.

ATMs and Points of Sale (POS) in the country are ready for the change and it will take only three months to implement the replacement of the bank cards, he said.

Specialists said that the so-called smart cards contain an electronic chip on the surface with a miniature processor like an independent computer.

The outstanding advantage of chip cards is that the transactions are very fast. With small value transactions, there is no need to enter a PIN or signature. This type of card is much safer than the current cards.

“The application of chip card technology standards can limit the copying of information by installing theft-reading devices at ATMs, which will prevent money stealing at ATMs. Statistics show that counterfeit transaction rates fall suddenly when converting from magnetic cards to chip cards.”

However, customers are concerned that they may have to pay fees for the replacement.

Calculations show that costs to make a chip card are US$2-3 (Bt63-95) each, which is seven to eight times higher than the current card.

It is estimated that banks need to invest over 1 trillion dong (Bt13.5 million) for the replacement, not to mention the expenditures on ATMs and POS upgrading.

Some banks said they could replace chip cards for free for customers despite the big costs, while others said they would have a fee for some customers based on their financial relations, but it wouldn’t be applied to everyone.

Dao Minh Tuan, chairman of Vietnam Bank Card Association, said the fee for replacement would vary among banks. Banks should have a minimum fee for customers to ensure competition, he added. – Viet Nam News

Supply concerns replace Iran as top worry for oil markets

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Mriganka Jaipuriyar, head of news for Asia, S
Mriganka Jaipuriyar, head of news for Asia, S

Supply concerns replace Iran as top worry for oil markets

Economy June 02, 2019 15:57

By Mriganka Jaipuriyar
Special to The Nation

OIL MARKETS have shrugged off a week of geopolitical tension, but an unexpected supply crisis will be harder for traders to ignore.

A feared price spike failed to materialise after Iran threatened on May 8 to reduce its pledge to the 2015 nuclear deal. Brent prices dipped below $70.50/barrel (Bt2,246.13/barrel), despite the move that adds to an already combustible Persian Gulf region where a fifth of the world’s seaborne crude is exported.

Tehran’s decision follows US President Donald Trump ending waivers for key customers of Iranian crude and guaranteeing the security of supplies through the Strait of Hormuz, the world’s busiest crude transit chokepoint. The sanctions clampdown is expected to reduce Iran’s exports of oil and condensate to 500,000 barrels a day (b/d) by the second half, down from 1.3 million b/d earlier this year.

Saudi Arabia, the UAE and Russia stand ready to make up for the lost barrels by potentially adding 970,000 b/d to supplies, according to S&P Global Platts Analytics. However, the growing number of potential geopolitical disruptions is a potential risk to supply. Platts Analytics expects OPEC’s spare capacity to fall by half to below 1 million b/d by the end of the year, leaving the group with little room to react should the situation in Venezuela, Libya or the Gulf deteriorate.

“This will make markets especially nervous given uncertainties in Libya and Venezuela, as well as an unsettling recent uptick in small-scale disruptions in Nigeria,” cautioned Paul Sheldon, geopolitical adviser at Platts Analytics.

Stocks are also looking tight. Platts Analytics forecasts total commercial oil stocks will fall by more than 400,000 b/d this year, with big drops expected in the fourth quarter leading to higher oil prices.

OPEC meets with its main allies led by Russia in late June in Vienna. By then a clearer picture of how tight the market could get later this year should emerge. Platts Analytics sees a chance of crude retracing back to $80/b by year end. Of course, failure to diffuse a trade war between the US and China, along with stronger than expected supply growth in the Permian could still dampen expectations.

Asia well-placed to replace Iranian oil

Meanwhile, Asian importers seem well-placed to make up for Iran’s lost barrels, despite grumbling about sanctions.

China was most vocal in its displeasure and categorically opposed the unilateral US action against Tehran. The world’s second-largest consumer of crude complained that its “cooperation with Iran is open, transparent, lawful and legitimate, and thus should be respected”.

South Korea, which has even more at stake given its alliance with the US, took a more conciliatory approach. Seoul said it plans to find ways to convince the US to consider extending the waivers.

However, Iran’s isolation shows the benefits for Asian customers maintaining a diversity of supply. Chinese refiners have been importing between 400,000 b/d and 700,000 b/d of Iranian crude, comprising a mix of medium and heavy grades. Iran mainly supplies medium and heavy grades, which are currently in tight supply and often available at discounted rates. It could get increasingly tricky to fill those volumes with grades from other suppliers at the right price.

Chinese refiners recently even tried a new medium and heavy grade from Brazil. Meanwhile, in India and Japan, refiners said they would aim to step up crude imports from countries such as Mexico, Iraq and the US to make up for any supply losses.

South Korea is also ready for the complete cut-off of Iranian crude and condensate supply from next month. The country’s refiners have already diversified their feedstock supply sources.

In a rare move, South Korea imported more than 1.6 million barrels of Ormen Lange and Snohvit condensate from Norway in the fourth quarter last year when Asia’s biggest ultra-light crude buyer completely stopped purchasing oil from Iran during September-December 2018, official government data showed.

South Korean refiners have also sharply increased purchases of US crude and condensate to make up for the decline in Iranian oil imports in recent quarters.

Seoul received close to 30 million barrels of US crude in Q1, up five-fold from the same period a year earlier, government data showed.

Besides the big importers, smaller Southeast Asian nations also look set to take US crude oil on a regular basis, with Vietnam and Indonesia making their very first purchase of light sweet WTI crude in recent weeks, signalling that the buyers are also keen to take advantage of favourable US-Asia arbitrage economics this year.

Contributed by Mriganka Jaipuriyar, head of news for Asia, S&P Global Platts.

Trinkets to fire up the imagination

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  • A Kind and Happy Benjamin earrings, Bt5,500
  • Once Upon a Time necklace, Bt4,900
  • Jingle Jungle necklace, Bt4,900
  • N2 X Roca Balboa bracelet, Bt3,900
  • N2 X Roca Balboa brooch, Bt4,500

Trinkets to fire up the imagination

shopping June 01, 2019 01:00

By The Nation Weekend

Outer space and cartoon characters spice up the new collection of jewellery from N2

N2, A sister brand of Les Nereides, explores the fascinating world of fairy tales, magic and space through an eclectic collection of quirky jewellery in vibrant colours on six themes.

The Jingle Jungle series relates the adventures of Mowgli and his friends from the “Jungle Book” by Rudyard Kipling. This year, N2 joins hands with French illustrator Roca Balboa to craft an edition of adorable earrings, necklaces, brooches and rings in several floral patterns and pastel shades.

A Space Odyssey earrings, Bt4,900

The Splash edition is all about holidays of the sort where you stretch out next to the pool and enjoy vitamin-rich cocktails and slices of sweet fruits.

The Space Odyssey edition invites you to travel to the galaxy with stylish earrings, necklaces and rings in the shapes of an astronaut and spaceship, aliens and planets.

The Kind and Happy Benjamin line invites you to Benjamin the rabbit’s

birthday party adorned with colourful balloons and cupcakes. The Once Upon A Time selection is about the romance of Rapunzel and her prince as well as the adventures of Aladdin and his magic lamp.

N2 has branches at Groove of CentralWorld, Central Chidlom, Siam Paragon and Siam Takashimaya at Iconsiam. Find out more at http://www.Clluxe.Wix.com/clluxe.

Chawathai to mix house, condo projects

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/detail/Real_Estate/30370291

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Chawathai to mix house, condo projects

Real Estate May 31, 2019 01:00

By The Nation

Property firm Chawathai Plc plans to launch four new residential projects worth Bt5.8 billion in the second quarter of this year, the company’s deputy managing director finance and accounting, Sunantra Mahaprasitchai, said yesterday.

Two of the projects are single detached houses and townhouses valued at Bt1.2 billion, while the next two projects are condominiums worth Bt3.71 billion, she said.