#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Bangchak subsidiary taps new green energy business

CorporateJul 24. 2020

By THE NATION

BCPG Public Company, a leading renewable energy enterprise under Bangchak Corporation, has said that the company is preparing to enter the new business of District Cooling System (DCS) for buildings in newly emerged cities.

Bundit Sapianchai, president and CEO of BCPG, said: “DCS is a new business under the green energy initiative that has potential markets in office buildings, shopping malls, convention centres, community malls, airports, universities, industrial estates and mixed-use buildings,” he said.

“Thailand has many potential customers in emerging urban areas, and we are aiming to penetrate markets in neighbouring countries too, including Cambodia, Laos, Myanmar and Vietnam.”

Recently BCPG partnered Keppel DHCS from Singapore and Team Group as a joint bid winner of DCS development in Chula Smart City project.

“The project will cover the commercial areas in Bangkok’s Suan Luang and Sam Yan areas, which is under the management of Chulalongkorn University,” he said.

“The DCS to be installed in the areas will have cooling load of 18,000 refrigeration tons. The feasibility study will begin in 2022 and the project is expected to start within 2027.”

Bundit further added that the Chula Smart City will be a pilot project in energy conservation that features renewable energy and the use of innovations in energy management. “It is expected that these innovations will help reduce energy cost within the project by 35-50 per cent,” he said. “The project has a concession contract of 20 years and is expected to generate income of Bt7.5 billion with an investment return ratio at over 10 per cent.”

“BCPG is also planning to extend the success of smart energy projects in newly emerged cities in Thailand and neighbouring countries,” added Bundit. “Examples of these projects are the Peer to Peer Trading that uses blockchain technology, the energy trading town at Sukhumvit 77 (T77 project) and the Smart University project in Chiang Mai.”

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Nine companies interested in Orange Line bidding

CorporateJul 23. 2020

By The Nation

Nine companies have picked up bid documents for construction of the Orange Line from Bang Khun Non-Min Buri, said Mass Rapid Transit Authority of Thailand governor Pakapong Sirikantaramas. The documents are available from July 10 to 24.

The public-private MRTA project will cost around Bt200 billion and is aimed at driving economic growth, he added.

The nine companies are Bangkok Expressway and Metro, Bangkok Mass Transit System, BTS Group Holding, Sino-Thai Engineering and Construction, Italian-Thai Development, Ratch Group, Chor Karnchang (CK), Gulf Energy Development and Sinohydro Corp.

They must submit their tenders on September 23. Trains are due to start operating on the Thailand Cultural Centre-Min Buri section in 2023 and on the Thailand Cultural Centre-Bang Khun Non section in 2025.

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

GSB extends debt repayment holiday for another 3 months

CorporateJul 23. 2020Vitai Ratanakorn

By The Nation

The Government Savings Bank (GSB) has extended suspension of debt repayments for customers affected by the Covid-19 pandemic by another three months, starting from October.

GSB president Vitai Ratanakorn said the original suspension period will end in September. 

The bank allows customers to choose their own options for suspension, for example by suspending the principal payment but continuing to pay interest.

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

GSB ready to transform into grassroots bank in bid to end social disparity

CorporateJul 23. 2020Vitai Ratanakorn

By The Nation

The Government Savings Bank (GSB) is planning to transform into a “fully social bank” so it can have a positive impact on society, GSB president Vitai Ratanakorn said.

This move, part of Vitai’s vision, will see the bank focusing on its three key client groups – low-income earners, small business operators and community organisations – with the aim of bridging social disparity, boosting their income and bolstering the grassroots economy. 

Vitai said the bank has been taking care of these three groups for the past decade, and they are part of its mission. Up to 61.6 per cent of the bank’s customers or 12.8 million hail from these three groups. 

The president said his bank is adjusting its mission and streamlining its operations, so they are in line with its goal of becoming a fully social bank that can have a concrete positive impact on society. 

As part of its goal, the bank will enter the non-banking sector by refinancing loans that have been taken by low-income earners from non-banking entities at high-interest rates. The bank aims to help ease this group’s interest burden by between 8 and 10 per cent, he said, adding that GSB should offer this new service in the next six months. 

GSB will also set up a centre to help people launch businesses as well as help existing small businesses develop further. The centre will provide small business operators knowledge on product design and marketing strategy, and will also create sales channels for them as well as give them loans. 

The bank has also deployed digital technology to foster its operations in the new normal, such as introducing new features in its existing MyMo mobile application, which will enable users to access a wider range of services from their devices without having to visit the bank personally. 

The new features, such as debt-restructuring services, digital leading and opening of accounts, are scheduled to be launched in the next six months. 

Vitai added that since social and economic changes brought on by the Covid-19 outbreak have disrupted businesses, GSB hopes it will be able to help mitigate the impact on people and its customers.

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

After sudden fall in glove-maker STGT’s shares, expert says Q2 results hold the key

CorporateJul 23. 2020

By THE NATION

The fall in the share prices of Sri Trang Agro Industry Plc (STA) and Sri Trang Gloves Thailand Plc (STGT) on Wednesday (July 22) is a normal phenomenon in the current market situation, Wichai Wachiraphong, a well-known stock investor, said.

“Analysts believe that when STGT announces its estimated Bt800 million to Bt900 million profit in the second quarter of 2020, the share prices of STGT and its parent STA will return to normal,” he said.

On Wednesday, STA’s share price dropped by 11.5 per cent to Bt25 per share with trading value of Bt3.22 billion, while STGT’s share price dropped by 6.02 per cent to Bt78 per share, with trading value of Bt2.13 billion. The sudden change drew the attention of investors.

“Personally, I believe that STGT still has strong value in the market as the demand for rubber gloves is still climbing across several industries,” he said. “I suggest holding on to the shares despite the news of a Covid-19 vaccine being nearly successful for human trials, as it would take some time before the vaccine will be available for everyone.”

Meanwhile, Anakephong Phutthapibal, deputy director of research at Asia Plus Securities, has said that the share prices of STA and STGT had gone down due to investors dumping the shares to take short-term profit, after both shares had climbed for a while. “Some investors may also view the possible arrival of Covid-19 vaccine as a negative factor for the glove industry and decided to sell the shares to secure the profit,” he said. “More investors may decide to sell their shares in the coming weeks, if STGT’s announced profit does not meet their expectation.”