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https://www.nationthailand.com/pr-news/business/pr-news/40018942

Its 4 top models show highest volumes in each A.T. category, lead to continuous growth in Thailand’s A.T. segment.

Thai Honda, the leader of Thailand’s motorcycle industry, expects 8% growth or sales of 1.74 million units in 2022 following on positive trend in the first half of the year. The A.T. segment topped the overall best-sellers. Now that the global semiconductor shortage seems to be easing, the company is ready to achieve high productivity to respond to the demands of Thai people, and is targeting 10% growth or sales of 1.359 million units this year to maintain its top ranking in the market for the 34th consecutive year.
 
Mr. Shigeto Kimura, President of Thai Honda Co., Ltd., stated: “In the first half of this year, the overall motorcycle market in Thailand continued to grow.  Of the 911,162 units registered overall or 4% growth compared to the same period last year, Honda accounted for 705,487 units, or 3% growth, which is very close to the overall market.  The A.T. segment topped the best sellers with 397,733 units sold, representing 6% growth. Of particular interest is that Honda’s A.T. segment rose by 12% with 279,207 units sold, a significant higher growth rate compared to the overall market.

“The reasons for the popularity of Honda A.T. motorcycles are that they are easy to ride, provide comfort and full functionality and offer a wide variety of designs to meet modern lifestyles. In the A.T. category, the Honda Scoopy topped the fashion A.T. segment with 96,679 units registered. Meanwhile, the Click Series topped the sport A.T. segment 64,732 units registered, with the PCX160 having the highest sales volume in the premium A.T. segment with 77,708 units sold. And finally, among the high premium A.T., Forza 350 is the most popular model with 10,988 units sold.  

“These four models of Honda A.T. motorcycles are popular thanks to the unique designs that reflect modern characters and lifestyles, full functionality for comfort and safety, as well as Honda’s powerful eSP+ 4 valve technology.

 
“The overall market in 2022 is estimated at 1.74 million units sold or 8% growth, compared to 2021. Honda has set a target of 1.359 million units or 10% growth, which is higher than the overall market growth. This is thanks to Honda’s effective spare parts and inventory planning strategy in dealing with the semiconductor shortage during the first half of the year and the marketing activities to boost sales of the new models in the second half of the year to successfully meet the new market demand.”

 Apart from the production planning and marketing strategies, in the second half of the year, the Honda Wing Centers are undergoing storefront makeovers with a new modern look. Honda has set a target to renovate 100 branches by end of this year. And to serve the increasing demands of Iconic Bikes customers, Honda is opening CUB House Corners in Honda Wing Centers, the number of which is expected to reach 22 by end of 2022.  Meanwhile, after-sales service standard will be upgraded to affirm customer’s confidence with hi-tech equipment and technicians who are masterful with new technology of Honda’s new models.

Published : August 16, 2022

By : THE NATION

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https://www.nationthailand.com/business/pr-news/40018933

Krungsri (Bank of Ayudhya PCL and its business units) reaffirms its continuous assistance to all groups of customers to help accelerate their sustainable recovery, in alignment with the measures of the Bank of Thailand (BOT) and the Thai Bankers’ Association (TBA).

Seiichiro Akita, Krungsri President and Chief Executive Officer, said “Krungsri has been assisting all groups of customers through various measures implemented by both the Bank and the government’s policies. With the current situation that the economy has been gradually recovering amid many challenging factors, including inflation that affects the cost of living and doing business, Krungsri strongly affirms its determination to maintain ongoing support for all customers, especially the vulnerable groups. The Bank has closely monitored the situation in order to offer suitable solutions to each customer segment to facilitate their sustainable growth in the long run.”

“For retail customers, Krungsri continues its various alleviating measures, namely reduced instalment amounts and extended instalment period. For business customers, the Bank emphasizes its proactive approach by having teams of relationship managers reach out and work closely with each business customer leveraging measures such as liquidity injection, lower interest rates, extended repayment period, and provision of consultancy so that customers can further sustain and move forward with their businesses.”

Impacted customers who require further assistance can check out more details at http://www.krungsri.com; while affected businesses can reach out to respective relationship managers; or contact Krungsri Business Center at 02-2966262 and 02-6262626.

Published : August 15, 2022

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https://www.nationthailand.com/business/pr-news/40018932

KBank continues to advance the ‘GO GREEN Together’ project, working with four partners in launching the ‘SolarPlus’ initiative, targeting the installation of solar rooftops for 500,000 households free of charge within five years.

To further implement the GO GREEN Together project, Kasikornbank has teamed with four partners, i.e., Electricity Generating Authority of Thailand, PEA ENCOM Smart Solution Limited, Supalai Public Company Limited, and INNOPOWER Company Limited, to unveil the SolarPlus project to support the Thai public’s use of clean energy.

The first effort of its kind in Thailand, the SolarPlus project aims to install solar rooftops for households for free to allow the general public to generate and sell electricity.

In the initial stage, the project will be implemented at Supalai housing estates.

Targeting installation of solar rooftops for 500,000 households within five years, KBank is prepared to provide a 50 billion Baht in loan facility to solar power developers.

The project is expected to help reduce greenhouse gas emissions by 2.3 million tons of carbon dioxide equivalent per year while encouraging Thais to embrace clean energy in alignment with Thailand’s net zero goals.

Pitpit Aneaknithi, KBank President, said, “To pioneer a comprehensive Green Ecosystem in Thailand, KBank recently unveiled the GO GREEN Together project. We have introduced various products and services to support this project, including a business loan for solar panel installation, Green Home Loan, EV car loans, and EV bike rental service, together with battery charging points at KBank branches. Along with this, KBank has joined with our partners to implement numerous projects encouraging Thais to embrace the green lifestyle with ease.”  

( LEFT-TO-RIGHT )Tritecha Tangmatitham , Khemmarat Sartpreecha , Pitpit Aneaknithi , Jiraporn Sirikum , Athip Tantivorawong

In cooperation with four essential business partners, KBank recently launched the SolarPlus project, which aims to promote the use of clean energy among Thai people.

The SolarPlus project has been designed for those interested in solar rooftop installation but is hesitant due to high investment costs, long payback period, and maintenance expenses.

This project is the first of its kind in Thailand to offer residential households free solar rooftop installation for electricity generation and sale.

In addition, the homeowners are not required to invest or pay any maintenance fees while benefiting from a 20-per cent discount on their electricity bills for the electricity generated from solar panels.

Initially, the project will be implemented with Supalai housing estates.

In addition, KBank will provide loans for PEA ENCOM Smart Solution Ltd. for investment in solar rooftop installation and maintenance for the project’s participants and will buy excess electricity generated by the participating households for use in the business group of KBank as part of the Bank’s efforts to shift to clean energy to increase the carbon handprint of the organization. 

Khemmarat Sartpreecha, Deputy Governor of Provincial Electricity Authority and Chairman of the Board of PEA ENCOM Smart Solution Ltd., said that the company is a service provider of household solar cell system installation and maintenance, without charging any installation or maintenance fees, and offers discounts on electricity bills to the participating households.

The terms and conditions of electricity fees will be in accordance with the related service agreements, wherein any surplus electricity will be sold to the system at 2.20 Baht per unit or traded under the peer-to-peer energy trading pattern.

The company expects that the SolarPlus project will encourage the public to use more clean energy by installing solar cell systems in their homes, which would not only save on energy costs but would also create a better environment.

The project is hoped to serve as a prototype of peer-to-peer energy trading that will be adopted in the near future.

Tritecha Tangmatitham, Managing Director, Supalai Public Company Limited, said, “The company has always attached importance to the design of residential projects, based on the green approach that focuses on energy-efficient homes. The company has set a target in 2022 to cut our carbon footprint by 25 per cent within the next three years, achieved via our plans to install solar panels at the Supalai Grand Tower Head Office, along with EV chargers at various residential projects nationwide, with the aim of reducing environmental impacts. Such efforts are also intended to support the government policy of reducing greenhouse gas emissions and achieving sustainable development goals (SDGs). To this end, the company has teamed with our business partners, which have a policy of environmental stewardship, and has joined forces with KBank to install solar panels at the Supalai Garden Ville Rangsit Khlong 2 project, which is a low-rise housing project where many buyers have already moved in.”

The solar panel installation program at this housing project will likely attract interest from residents because it helps save energy. 

Jiraporn Sirikum, Deputy Governor – Strategy, the Electricity Generating Authority of Thailand (EGAT), said, “Aside from electricity generation and transmission, which is EGAT’s key mission, EGAT has concurrently introduced new energy innovation solutions to meet the consumers’ needs during the digital era. These include offering them easier access to clean energy while emphasizing energy management.

For the SolarPlus project, EGAT has unveiled a peer-to-peer energy trading platform, which has been developed by EGAT’s teamwork and trialled in the ERC Sandbox Phase 1 project to add value to this project. EGAT aims to improve the peer-to-peer energy trading platform to be more user-friendly, thus attracting greater consumer interest. Once that is achieved, EGAT will commercially introduce this platform to meet consumers’ future needs.  

Athip Tantivorawong, Chief Executive Officer, INNOPOWER Company Limited, said, “INNOPOWER has promoted access to clean energy. The company offers one-stop services of renewable energy device registration and renewable energy certification (REC) trading. The focus is to increase income for power producers of renewable energy and provide convenience for business operators in achieving the goal of clean energy use “

REC is a mechanism that supports the production and use of electricity generated from renewable energy while also enhancing the capability of sustainable energy innovation development in Thailand.

Pipit noted in closing that the project is planned to expand nationwide, targeting the installation of solar rooftops for 500,000 households within five years. In addition, KBank is prepared to provide 50 billion Baht in loan facility to solar power developers.

The program is expected to help reduce greenhouse gas emissions by 2.3 million tons of carbon dioxide equivalent per year while encouraging Thais to embrace clean energy increasingly.

This will accelerate the rise of a practical green ecosystem in society, thus leading to the achievement of Thailand’s net zero goals.

Published : August 15, 2022

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https://www.nationthailand.com/pr-news/business/pr-news/40018885

Hilton, a leading global hospitality company is moving towards furthering its preservation efforts in destinations where they operate and driving inclusive growth in communities worldwide.

Its updated 2030 benchmarks include stronger, more ambitious greenhouse gas emissions targets, which were re-validated by the Science Based Targets Initiatives (SBTi), to adapt to evolving climate science and best practices and align with targets set during the 2015 Paris Climate Accords. By 2030, Hilton has pledged to: 
 
Cut emissions intensity by 75% in managed properties

Cut emissions intensity by 56% in  franchised properties 
 
Hilton has also made new commitments to a carbon reduction goal of below 2°C for its franchised properties, and to invest in carbon sequestration technologies such as renewable energy and smart buildings to decarbonize the $10.5 trillion real estate industry through Fifth Wall’s Climate Tech Fund.
 
Furthermore, Hilton also reaffirmed its commitment to supporting communities where it operates in its three updated social impact goals. By 2030, Hilton aims to: 
 

 
 

Create 5 million learning and career growth opportunities for Team Members and communities

Meaningfully impact 20 million community members through local support, disaster relief, economic opportunities, and more 

Promote responsible, inclusive conduct across 100% of Hilton’s value chain operations

Published : August 14, 2022

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https://www.nationthailand.com/pr-news/business/pr-news/40018842

The Ministry of Natural Resources and Environment is set to nominate Thailand as the host of the 27th World Congress of the International Union of Forest Research Organization, or IUFRO 2029, which is the world’s largest forest congress organised every five years.

During the recent meeting of the National Forest Committee which is chaired by Deputy Prime Minister Gen Prawit Wongsuwan, Natural Resources and Environment Minister Varawut Silpa-archa said that Thailand is ready to be the host of IUFRO congress in 2029, which is expected to be joined by over 5,000 researchers worldwide.

The meeting then nominated the Faculty of Forestry, Kasetsart University and the Ministry of Natural Resources and Environment to be delegates of Thailand in the hosting of IUFRO 2029.

The National Forest Committee also approved the drafts of two statements. The first is the statement for the Fifth Apec Meeting of Ministers Responsible for Forestry (MMRF5), also known as Chiang Mai Statement, which highlights the success of forestry operations in Asia Pacific region that are able to increase forest area by 27.9 million hectares, and the adoption of Bio-Circular-Green (BCG) economy to achieve Apec’s mission of sustainable forestry management.

The second is the statement of the Natural Resources and Environment Minister as the chairman of Apec Ministers Responsible for Forestry, which highlights the concept of ‘Open. Connect. Balance.’ that Thailand will adopt in hosting the IUFRO 2029.

The move to nominate Thailand as the host of IUFRO 2029 will soon be proposed to the Cabinet for approval.
 

Published : August 13, 2022

By : THE NATION