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Dow joins forces with Chulalongkorn to enhance Engineering Curriculum to meet industrial demand

MONDAY, NOVEMBER 21, 2022

Bangkok, November 18, 2022 – Dow Thailand Group and the Faculty of Engineering at Chulalongkorn University have signed an academic MOU to elevate the university’s curriculum through knowledge sharing from Dow experts; upskilling the chemical engineering curriculum to meet Thai industrial demand and allow students to compete in the global industrial sector.

Dow is a leading global Materials Science company, developing and producing a broad range of differentiated, science-based products and solutions such as plastics, industrial chemicals, coatings, and silicones for its customers in high-growth market segments, such as packaging, mobility (especially EV cars), infrastructure, and consumer applications. Dow has operated in the field for over 125 years, with 104 manufacturing sites in 31 countries and distributors in 150 countries.

As experts in Materials Science, Dow is increasingly involved in curriculum development strategies for students that help upskill them to meet the needs of the market. One role is providing experts to be special lecturers for the Engineering Practice branch of the Master’s program in Chemical Engineering at Chulalongkorn University. This collaboration integrates expertise into the course content, along with providing research that supports efficient Thai manufacturing. Through this cooperation, Dow is not only giving an opportunity to students to learn directly from industry experts, but also supports scholarships and presents openings for students to work at Dow after they graduate.

Decha Panichayapichet, Site Director, Dow Thailand Group, said, “Dow Thailand is currently the largest manufacturing base of Dow in Asia-Pacific. We have the knowledge and expertise to standardize our safety and environmental controls. Because our operations are internationally recognized, we are assured that we can pass on world-class knowledge and modern technology to young generations, Thai communities, and Thai scientists. This is the commitment Dow has made over decades. On this occasion, it is our pleasure to announce our cooperation with the Faculty of Engineering, Chulalongkorn University to create skilled Thai chemical engineers before they enter the labor market; a new generation that will be an important force in developing our country on the path of sustainable progress.”

“This collaboration between the Faculty of Engineering and Dow Thailand Group is a good opportunity to encourage the quality of the engineering sector in Thailand now and into the future. I believe it is also a benefit for students to learn directly from the entrepreneur who is the world’s leader in Materials Science,” said Prof. Dr. Supot Teachavorasinskun, Dean of the Faculty of Engineering at Chulalongkorn University. “We anticipate this collaboration will improve students’ holistic development, since they can learn from experiences that cannot be found in a regular classroom. This is a great opportunity for Dow to contribute to educational success and help ready graduates to be a qualified workforce for the future.”

To learn more, or to apply to the Chemical Engineering and Applied Industrial courses, please click https://chem.eng.chula.ac.th/

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Petchtanong Petchfergus Shocks Hiroki Akimoto to Capture ONE Bantamweight Kickboxing World Title by Split Decision

SUNDAY, NOVEMBER 20, 2022

November 20, 2022 – Singapore: ONE Championship™ (ONE) electrified the Singapore Indoor Stadium with ONE 163: Akimoto vs. Petchtanong. The event featured an exciting six-bout main card, headlined by a thrilling ONE Bantamweight Kickboxing World Title fight and the ONE Heavyweight Kickboxing World Grand Prix Championship Final.

ONE Championship, in partnership with leading premium lifestyle and luxury performance brand TUMI, presented the prestigious ONE World Title and Grand Prix belts to the World Champions.

In the main event, Thai veteran Petchtanong Petchfergus put together one of the best performances of his career, upsetting divisional king Hiroki Akimoto via split decision to capture the ONE Bantamweight Kickboxing World Title.

Akimoto put on the pressure in the first stanza, pushing forward behind aggressive combinations while Petchtanong patiently waited for an opportunity to counter. The Thai warrior unleashed his left knee more frequently in the second round, tagging the right side of Akimoto’s body, which turned black and blue from the punishment.
 
The Japanese stalwart tried to battle back in the third frame, but he failed to make key adjustments, as he had difficulty dealing with the challenger’s expert timing. Petchtanong grew more confident as the bout went on, and he eventually cruised to a split-decision victory after 15 minutes of battle.

 
In the co-main event, ONE Light Heavyweight Kickboxing World Champion Roman Kryklia overcame a knockdown in the first stanza to stop longtime rival Iraj Azizpour and win the ONE Heavyweight Kickboxing World Grand Prix Championship. Azizpour dropped Kryklia with a right hand in the opening frame, but the Ukrainian tower of power dug deep and survived. In the second round, Kryklia stung the Iranian with a knee down the middle that had his rival dazed. Not long after beating the 10-count, Azizpour succumbed to unrelenting pressure, as the Ukrainian closed the show with a volley of straight punches. Kryklia took home a US$50,000 bonus for his victory.

 
Fourth-ranked lightweight contender Saygid Izagakhmaev put forth a tremendous performance, obliterating Japanese legend and former ONE Lightweight World Champion Shinya Aoki to win via technical knockout in round one. Aoki threatened with a variety of kicks at the sound of the bell, but Izagakhmaev remained patient, waiting for an opening. A thunderous right hand down the middle from the Russian dropped Aoki, which signaled the beginning of the end. Izagakhmaev completed the finish with a plethora of left and right hands. The win earned Izagakhmaev a US$50,000 bonus.

 
Former two-division ONE World Champion Aung La N Sang turned in a quick first-round finish of Yushin Okami. The Japanese legend tried to shoot for takedowns early, but the Myanmar icon caught him with a knee to the face as he dove for the legs. “The Burmese Python” then pounced on his opponent with punches from top position, forcing the referee to halt the middleweight contest.

 
South Korean slugger Woo Sung Hoon stunned #3-ranked flyweight contender Yuya Wakamatsu, hurting and finishing the Japanese fighter to win by technical knockout in the very first round. Wakamatsu was aggressive to begin the fight, while the South Korean chose to defend and counter. However, “Little Piranha” attacked recklessly and left himself open. Woo caught his opponent with a monstrous left hand, which had Wakamatsu reeling. Woo then put on the finishing touches to force the referee to stop the contest. His performance earned him a US$50,000 bonus.

 
Bantamweights Kwon Won Il and Mark Abelardo kicked off the main card with an intense back-and-forth battle. Abelardo pushed forward with wild hooks to start the first round, while the #4-ranked bantamweight contender remained patient with his shots. Action picked up for Kwon in the second, as the South Korean found his range. The end came in the third and final stanza when Kwon timed a knee to his rival’s head, just as Abelardo was shooting for a double-leg takedown. “Pretty Boy” followed up with ground-and-pound to force the stoppage.

Performance bonus winners: Roman Kryklia (US$50,000), Saygid Izagakhmaev (US$50,000), Woo Sung Hoon (US$50,000), Bianca Basilio (US$50,000)
 
MAIN CARD
Kickboxing – Bantamweight: Petchtanong Petchfergus def. Hiroki Akimoto via Split Decision
Kickboxing – Heavyweight: Roman Kryklia def. Iraj Azizpour via TKO at 1:28 of R2
MMA – Lightweight: Saygid Izagakhmaev def. Shinya Aoki via TKO at 1:26 of R1
MMA – Middleweight: Aung La N Sang def. Yushin Okami via TKO at 1:42 of R1
MMA – Catchweight (139 lbs): Woo Sung Hoon def. Yuya Wakamatsu via TKO at 2:46 of R1
MMA – Bantamweight: Kwon Won Il def. Mark Abelardo via TKO at 3:45 of R3

 
LEAD CARD
Kickboxing – Heavyweight: Ahmed Krnjic def. Bruno Chaves via Unanimous Decision
MMA – Lightweight: Ahmed Mujtaba def. Abraao Amorim via Submission (Triangle Choke) at 4:32 of R1
Muay Thai – Catchweight (126 lbs): Asahi Shinagawa def. Rui Botelho via Split Decision
Submission Grappling – Strawweight: Bianca Basilio def. Milena Sakumoto via Rear-Naked Choke at 0:42
MMA – Featherweight: Kirill Gorobets def. Bruno Pucci via Unanimous Decision

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Revolutionising Financial Reporting in the Digital Age

SATURDAY, NOVEMBER 19, 2022

Finance and Accounting team, if you ever happened to discuss what they have been suffering from their work so far, one of the most frequently mentioned issues will certainly include a painful report production process.

Repeatedly, month after month, to serve such standards and business and executive requirements, the FA people need to dedicate their time and motivation in preparing numerous spreadsheets and presentations with numbers, charts, and relevant footnotes and narratives. The process involves efforts of data gathering, manipulation, and spreadsheet gymnastics, which can consume days to weeks to produce the usable outcomes. Based on the survey of 600 global finance leaders conducted by Deloitte, it was found that companies surveyed spent 48% of their time creating and updating reports, whilst they spent only 18% of their time interacting and communicating with the business perspective (See Figure 1).

Figure 1: How finance teams spend their time

Source: “Developing insightful management reporting: Opportunities and challenges for CFOs” Deloitte UK.

More than ever, especially after the COVID-19 pandemic, businesses currently require greater support from holistic reporting in decision-making process to strengthen themselves or at least survive the upcoming crisis. Though many companies have strived to reduce time in generating reports and enhance ability to get insights more quickly by standardising reports into those ones which are necessarily required, there is still a huge room for improvement in response to the dynamically changing business requirements. We can see that the trend is shifting from periodic reporting-monthly, quarterly, and annually to a more real-time-insights manner for off-cycle reporting. Further transformation entails the interaction between working people and reported information which will replace static data merely displayed in the system or printed on paper. Underlying these mentioned characteristics, the key driver for changes lies on emerging intelligent technologies which will not only remove laborious work but also improve the user experience.

Embracing digital tools could have been one among alternatives for FA people to reshape their work life by speeding up report production process. Little by little, some companies have started implementing such tools as point or end-to-end solutions, while many are still hesitating to transform themselves. Yet, it is quite surprising to learn that many organisations are still relying on traditional ways to compile data from sources and produce into reports despite the prevalent handful technologies, such as automation, advanced analytics, machine learning, presence nowadays. Perhaps one of the factors that delay the decision to do so is just basically that the management do not know how to push the start button. Here are some tips we would like to share:

Organise your data. Because your report quality will certainly depend on the quality of your data, somehow you will need to redesign the way to manage your finance and enterprise data prior to the adoption of those digital reporting tools. This could involve implementing data platforms that can develop gradually to support structured and unstructured data or cleansing your data to avoid ‘Garbage-in, Garbage-out’.

Gain buy-in from the C-Suite. We know that the first mover role here should belong to CFO since the issue was raised from FA side. Nonetheless, it is also crucial for the CFO to bring these ideas to the entire C – suite. If other leaders support technological innovation in finance, it can also help the business to further adopt the innovation and apply to other functional processes to make the most of their capabilities.

Focus on the user experience. Early in your journey, explore “what-if” questions with key users. Ask them how they might use information differently if their reports were more intuitive, more visual, and more proactive. Build in formal and informal mechanisms for generating feedback. These actions make sure you put technologies in the right place and right way.

Take small steps. Just try applying solutions to specific segments or functions first. You do not want to make a huge investment at a time to find it hurts the most when things are not going well as you have dreamt of. Look for high-impact use cases to build a base of advocates. For many firms, sales reports can be a good choice to start with. Make sure you pilot with a range of potential users who will become your champions. Then you can span the full range of usage among those who will eventually adopt the technology.

Reassure your people. Workforce disruption is inevitable for companies trying to adopt automation or digital tools. Since some more routine and laborious tasks may be obsolete when new technologies take place, make sure you have plan to build new talents and skills for your people to cope with the changes. Work with employees to make the most of their human skills, empowering them in new roles that rely on high-level analysis, relationship-building, and creativity.

Reimagine your people. Start thinking about your people in future conditions. What types of skillsets you will need? Be aware that, with the handful digital tools armed in your company, the time allocation of the finance workforce will shift toward analysis, prediction, and decision support. Thus, in collaboration with your HR team, make sure they understand this so that you will get the right persons at hand.

Finally, let us imagine how life would be much easier if there is a personal assistant helping you gathering data and composing the first draft of all reports, or the chatbots that can retrieve insights you need to know without diving in all sources of data by yourself. Now you can focus on the value-added activities.

By Vichai Suknaibaiboon, Partner at Deloitte Thailand

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Ho, Ho, Ho in Hua Hin! The Standard gears up for a festive season by the sea

THURSDAY, NOVEMBER 17, 2022

Swap white snow for golden sand and get ready for an action-packed calendar of activities this Christmas and New Year, including fabulous feasts, immersive events and uplifting parties!

Hua Hin, Thailand, November 2022: Ho, ho, ho… hang up your stockings and hear the sound of sleighbells because the holidays are coming to Hua Hin! This festive season, The Standard, Hua Hin, the stylish Thai resort where chic beach vibes meet mid-century style, is bringing Christmas and New Year to the beach with a full calendar of upbeat activities and experiences, from fabulous feasts to playful parties.

The fun starts on 17th December when The Standard, Hua Hin switches on the lights – and the style – with “Get Lit”, the resort’s official Christmas lighting ceremony, including celebratory snacks, creative cocktails, a jazz trio band and inspiring illuminations in the tropical gardens.

Listen out for Santa and get ready for “An Eve You Won’t Believe” on 24th December, with a bountiful buffet dinner at the Lido! This amazing evening will be packed with international dishes, live jazz music by May Fonpa, and of course, great company. To get the party started, you can also choose from a selection of free-flowing beverage packages including wine, Singha beer and soft drinks.

On 25th December, gather the most precious people in your life to Praça, our beachside heritage house and Thai izakaya, for “A Truly Thai Christmas”! This local twist on tradition includes perfect platters of the finest seafood, imported oysters and chilled wine, while our resident DJ spins a live set by the beach.

The last night of 2022 is nearly here, so make it an occasion you’ll never forget at The Standard, Hua Hin, with our sparkling New Year’s Eve parties! Join us by the beach at Praça, where you can “Party in Paradise” with plates of freshly-shucked oysters and free-flowing drinks, as we light up your night with colourful cocktails, uplifting tunes and live DJs. Or why not head to the Lido for “A Happy Ending”, an extravagant end-of-year buffet dinner featuring a raw bar, sizzling BBQ, cheese platters, sweet treats and more, with festive decorations and live music from our band, Snoww Mink. 

Then fling off your shoes and get ready for “The Final Countdown” as we stage one of The Standard’s legendary pool parties! With a spectacular LED drum show by Ampper Group, live sets from DJ Pichy and DJ Heartbreakkid, poolside cocktails and more, this will be a night that stimulates the senses and sets pulses racing!

Need a natural boost to kickstart the New Year? Shake off your party head and join us at The Surf Club on 1st January 2023 for “Wave Hello”, an afternoon surfing or kayaking session, or soothe your soul with “Sounds Divine”, a serene singing bowl workshop hosted by local experts the Gym Deck. Then celebrate the start of this bright new era in style with “Fancy Firsts”, a fantastic New Year’s Day feast at Praça. Tuck into a fresh seafood platter, imported oysters and bottle of wine or enjoy free-flow drinks.

To check out the full calendar of holiday season happenings, including all the timings and prices, and to reserve your place prior 10 December with special early bird offers, please visit: www.standardhotels.com/hua-hin/happenings/ho-ho-ho-in-hua-hin. 

“What could be better than spending the most wonderful time of the year in a beachfront paradise? At The Standard, Hua Hin, we’ve created a glittering line up of festive events and activities – including our legendary pool party – so everyone can celebrate Christmas and New Year in style. We can’t wait to welcome our fun-seeking friends and families to Hua Hin this holiday season,” said Mai Vejjajiva Timblick, Chief Creative Officer.

Nestled directly on Thailand’s glittering Gulf coast, just a short drive from Bangkok, The Standard, Hua Hin offers 199 rooms, suites and villas, chic dining venues, social hubs and world-class wellness, all surrounded by lush gardens and mid-century design. The resort also stages a series of cultural “Happenings”, from wellness weekends and artistic escapes to pool parties, live concerts 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 ranked as the #1 resort hotel in Southeast Asia – and the #35 best place to stay in the world – in the prestigious Travel + Leisure World’s Best Awards 2022! It was also named on Condé Nast Traveler’s “Hot List” for 2022, a highly exclusive selection of the world’s most exciting new hotels. 

Connect with the hotel via:
Facebook: The Standard Hua Hin
Instagram/Line: @thestandardhuahin
Web: www.standardhotels.com/hua-hin

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ICONSIAM to host “Amazing Thailand Countdown 2023”, marking Thailand as “Global Countdown Destination,” with over THB200 million budget to drive Thai economy and tourism

WEDNESDAY, NOVEMBER 16, 2022

To stimulate Thailand’s economy, tourism and numerous businesses on the banks of Chao Phraya River, ICONSIAM is hosting over 20 events throughout December 2022 under the theme “ICONSIAM Magical Enchanted Celebration” with over 200-million-baht budget.

In collaboration with government agencies, private sectors, hotel partners and the communities on the banks of the river, ICONSIAM is to host its iconic world-class New Year’s Eve celebration “Amazing Thailand Countdown 2023,” that will once again mark Thailand as a “Global Countdown Destination.” This year, the exquisite eco-friendly firework display will light up the most pictures curve of the majestic Chao Phraya River, spreading joy, hope and happiness to Thais and to the world.  

Mr. Supoj Chaiwatsirikul, Managing Director of ICONSIAM Company Limited, said “Now that tourism has become the key factor of the economic recovery, ICONSIAM has formed a strategic partnership  under ‘Collaboration to Win’ strategy with involved stakeholders that also aligns with the government’s tourism recovery plan. Our festive celebration “ICONSIAM Magical Enchanted Celebration” is sharing happiness to Thais and welcoming visitors from across the globe. With over 200 million baht spent, we are presenting over 20 grand events and marketing campaigns all through December 2022.”

ICONSIAM is creating the mega “Amazing Thailand Countdown 2023,” in collaboration with government agencies, private sectors, hotel partners, entrepreneurs and the communities along the Chao Phraya, to ring in the New Year, as our special gift to Thais and visitors from all over the world. This is the first year after the recovery from COVID-19, and we, along with our business allies are determined to make this grand event even more splendid. The highlight of the New Year celebration event is “Hybrid World Countdown,” featuring splendid light and sound show integrated with the immersive technology connecting exciting the on ground experience and the virtual world along with the magnificent eco-friendly firework displays set along the most beautiful curve of the Chao Phraya River. This grand event will reaffirm Thailand’s image as one of the must-visit global countdown destinations for tourists from all over the world to in the New Year together with Thai people”, says Mr. Supoj. 

“During the fourth quarter of 2022, especially in November and December, in which the 2022 APEC meetings are being held and the New Year celebrations are coming, Thailand is expected to attract more than 2 million investors and tourists, which can stimulate over  20,000 million baht to the economy. ICONSIAM, as one of the stimulating forces to stimulate the Thai economy, is certain that the marketing plan specifically set for these final two months will revive the businesses on the Chao Phraya riverside and attract both Thai and international customers. The number of tourists is expected to reach from 100,000 to 130,000 tourists each day by the end of 2022,” concluded Mr. Supoj.

The grand New Year celebration event, “Amazing Thailand Countdown 2023”, is taking place on 31 December 2022 amidst the majestic view of the Chao Phraya River. Previously, the event was broadcast worldwide by leading international news agencies, such as CNN, BBC, AP, Reuter, ABC, etc., portraying the magnificent night scenes of the Chao Phraya River, which is one of the world’s renowned iconic landmarks imprinted on all Thai people’s hearts.   

In addition, visitors will be amazed by the showcase of the Christmas tree lighting festival ICONSIAM Bangkok Illumination, from now until 5 January 2023. This year’s vibrant Christmas tree is powered by clean energy generated by solar cell, in line with ICONSIAM’s mission on energy saving and reducing carbon footprint. Another highlight is the New Year gift fair “ICONSIAM World of Gifts.” More than one million gifts being offered ranging from locally-made to imported products between 1 December – 9 January 2023. Attractive promotions will be also offered in these joyful celebrations with prized valued over 8.5 million baht. 

ICONSIAM also offers a lineup of entertainment showcases, such as the multimedia water show featuring remarkable lights and sounds, ‘ICONIC Multimedia Water Features’ under the concept of “Empowering The Joy, ” as music is a universal culture that connects all generations. “CineAsia 2022” is the international motion picture event, which will take place on 5-8 December 2022 at TRUE ICON HALL. “DISNEY IN CONCERT: A Magical Celebration 2022,” brings beloved Disney stories and characters to life orchestrated by 46 American musicians playing Disney’s movie theme songs. The concert will be performed for four rounds from 31 December 2022 to 1 January 2023 at TRUE ICON HALL, 7th floor, ICONSIAM.

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“Carabao” sparks football fever with the “CARABAO CUP from England to Thailand” sporting event

WEDNESDAY, NOVEMBER 16, 2022

Bringing 2 football legends to elevate the Thai game and continue the vision of “World class product, World class brand.”

Thailand’s leading energy drink company Carabao will hold a major event “CARABAO CUP from England to Thailand” on Saturday 12 November where the final round of “Carabao 7-a-side Cup” will be played in Bangkok. The entire squad of the tournament’s champions will be rewarded with a trip to England for the final round of the Carabao Cup in a campaign dubbed “taking the champs to see the champs”. At the same time, the company will also take Thai football to new heights through “Coach the Coaches” program. More so, for people who register with Carabao’s official LINE account could also win a chance to travel to London under the campaign “Add line Carabao Cheer Carabao Cup”.

Carabao Group Plc. and the Siam Sport Syndicate Plc. have cooperated to organize the “CARABAO CUP from England to Thailand” to underline the success of the Carabao 7-a-Side Cup. Manchester United legend Louis Saha and Liverpool legend David James, will both watch the final and present the trophy to the champions at the hosting venue Grand Soccer Pro Kaset-Nawamin, Bangkok.

Mr. Kamoldist Smuthkochorn, Deputy Managing Director of Carabao Group Plc., said the Carabao 7-a-Side Cup tournament has been well received by participating teams. The football competition helps extend the company’s collaboration with the English Football League (EFL) in upping the levels of Thai football. It builds on the success of Carabao’s official sponsorship of the Carabao Cup football tournament in England since 2017.  The company believes that sports marketing such as this campaign can attract people of all genders, ages, and backgrounds. Where football in particular, brings people together from all over the country.

The final round of the Carabao 7-a-Side Cup will commence on the 12th of November, after qualifying rounds for 512 teams held at 16 football stadiums across the country from 17th of September to 6th of November. There will be 32 teams, two winners from each stadium in the qualifying rounds who will be competing for the trophy and total winnings of over 3 million baht in prizes on November 12th, with the ultimate prize for winners who will be attending the 2022/23 Carabao Cup final at Wembley Stadium.

In order to reinforce its sponsorship of the Carabao Cup, the company has partnered with the EFL in providing licensed coaches to train and develop Thai trainers to manage football teams at youth level. Those trained in this course will have developed football coaching skills that are equivalent to world-class standards, making them able to develop and train young players in preparation for becoming professional players in the future. The training will focus on both theoretical and practical aspects which trainees can use to enhance their teaching of youth footballers in skills that will allow them to practice playing correctly, with the opportunity to ask questions and exchange knowledge and experience.

Meanwhile, consumers can also take part in world reknowned football competitions such as the Carabao Cup through the company’s promotional programme in registering for the ‘Add line Carabao Cheer Carabao Cup’ campaign on Carabao’s official LINE account. The competition allows everyone to join in the fun and win prizes without having to send in bottle caps to enter the competition. By just simply adding Carabao’s official LINE account, and choosing your favorite team who you think stands the best chance of winning the Carabao Cup. The prizes include a paid trip to watch a football game in the United Kingdom, along with many special prizes to be given away to football fans. Each individual can reserve two voting chances for their favourite teams until the Carabao Cup final on 26th of February.

Prizes are worth more than three million baht to be won at the Carabao 7-a-Side Cup final with the winning team receiving 100,000 baht, a trophy of honour, medals and a free Wembley trip to watch the final match of the Carabao Cup 2022/2023 for the whole team. The prize for second place is 50,000 baht and medals; 30,000 baht and medals for third and fourth place; 10,000 baht for each of the 5th-32nd teams; 10,000 baht and trophies for most valuable player and top goal scorer.

Interested parties can follow the Carabao 7-a-Side Cup national final and activities at Carabao Group Facebook page: Carabao Sports or www.carabao.co.th

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Novo Nordisk Pharma Thailand together with Diabetes Association of Thailand, increase access to diabetes – Education to protect tomorrow

TUESDAY, NOVEMBER 15, 2022

Bangkok, November 14 — Novo Nordisk Pharma Thailand Co., Ltd. attends the Walk Rally: Access to Diabetes Care of 2022 World Diabetes Day, which is marked November 14 of every year, hosted by the Diabetes Association of Thailand, at the Chulalongkorn University Centenary Park in Bangkok on the previous Sunday, November 13, 2022.

The company aims to emphasize and promote the important of educating public on right knowledges of diabetes as well as to improve and promote better health for diabetes patients and public at large through various activities including exercise games.

Diabetes is one of the most common chronic non-communicable diseases as well as a major problem for global public health. Recently, the burden of diabetes has intensified as 537 million people are living with diabetes worldwide, and it is estimated that by 2045, more than 700 million people will be living with diabetes worldwide.

From the statistics of the year 2021 disclosed by the Department of Disease Control, Ministry of Public Health, Thailand has registered 3.2 million people living with diabetes in national healthcare system. This is an increase of about 300,000 new cases per year, causing an average loss of healthcare costs of 47,596 million baht per year. In addition, diabetes is also leading cause of many other diseases such as heart disease, stroke, high blood pressure and kidney disease, etc.

Mr. Enrico Cañal Bruland, Vice President and General Manager, Novo Nordisk Pharma Thailand revealed – “One thing we should always be aware of is the Rule of Halves. Looking at the number of people living with diabetes, out of the 100, only half, meaning 50, have been diagnosed. Beyond the national registration, the number of patients with diabetes is likely more than double. Looking to those 50 people diagnosed with diabetes, only 25 have access the proper treatment, and only about 13 achieve the treatment goals. Meaning almost 90% of people living with diabetes are not well controlled. Without working together to change diabetes, we will experience significant more complications for people living with diabetes as well as healthcare expenses. The direct impact to the public and society requires us raising awareness of diabetes and its risk factors, which is one of the main objectives of this health campaign.”

Novo Nordisk Pharma Thailand emphasizes on driving change as well as raising awareness to prevent and adequately treat diabetes. The International Diabetes Federation (IDF) has set the topic Access to Diabetes Care for the 2021-2023 campaign and this year the focus is on – Education to protect tomorrow. Hence, we feel the need to raise awareness about exercise for people living with diabetes and the public. Healthy living including exercise provides benefits for people with diabetes including weight management, improving blood sugar levels, and lowering the risk of heart diseases.

“Supporting this event on World Diabetes Day is one of our key activities, especially this year, as we are starting to count our steps towards celebrating 100 years of innovation with Novo Nordisk. It represents our long journey in the fight against diabetes and improving lives for people with diabetes, starting with insulin almost 100 years ago. As the world leader in diabetes care, we will continue to focus on providing quality products, enhancing access to treatment for the people as well as innovating the ways to improve quality of life of patients.

People with diabetes notably benefit from regular physical activities. It’s important for them to get in some proper physical activities. At our booth, we have exercise games. Participants not only enjoy themselves without feeling any added pressure, but their interactions and relationship with people, caregivers, and family members are strengthened as a result” Mr. Enrico Cañal Bruland added.

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GULF posts a slight decline in core profit YoY in Q3/2022 due to the sharp rise in natural gas prices

MONDAY, NOVEMBER 14, 2022

GULF reported the financial results for Q3/22 with a core profit of THB 2,167 million, a 6% decrease YoY due to the spike in natural gas prices.

Gulf Energy Development Plc. (GULF) reported the financial results for Q3/22 with total revenues of THB 24,275 million, representing an increase of 76% year-on-year (YoY). The growth was driven mostly by the revenue recognition of Gulf SRC’s (GSRC) units 2-3 with a total installed power generation capacity of 1,325 MW, which began commercial operation in Q4/21 and Q1/22, respectively. Another factor is the increased revenue from the Borkum Riffgrund 2 offshore wind power project (BKR2) in Germany as a result of the average electricity prices, which almost doubled from €184/MWh to €328/MWh. Additionally, GULF recorded higher revenue from the 19 gas-fired SPPs due to higher electricity selling prices in tandem with the rise in natural gas prices.

In Q3/22, gross profit from sales was THB 4,466 million, an increase of 55% YoY or THB 1,584 million. However, gross profit margin decreased to 20.6%, down from 24.6% in Q3/21 due to the rise in average natural gas costs by 116% YoY, from 268.61 THB/MMBTU in Q3/21 to 579.13 THB/MMBTU this quarter, while the average Ft rate increased by 0.6298 THB/kWh (from -0.1532 THB/kWh to 0.4766 THB/kWh). In addition, the SPPs under GMP Group, which include GBP, GNPM, and GNRV2 power plants, as well as an IPP under GJP Group, the GUT power plant, had a major maintenance shutdown (B Inspection) during Q3/22.

GULF recorded a core profit of THB 2,167 million in this quarter, a decrease of THB 126 million or 6% YoY, primarily due to the aforementioned spike in natural gas prices, along with the decrease in share of profit from INTUCH of THB 556 million (in Q3/21, GULF recognized dividend income from INTUCH of THB 1,667 million, while in Q3/22, the company changed its accounting method for INTUCH to share of profit, which was recorded at THB 1,111 million). In addition, PTT NGD posted a loss of THB 221 million in this quarter due to lower fuel oil prices and higher gas prices (PTT NGD’s revenue structure is linked to fuel oil prices while costs are linked to gas prices). Nevertheless, GSRC recorded higher profit from the commercial operation of units 2-3 and BKR2 had improved performance this quarter, which resulted in the overall profit to weaken just slightly.

Net profit attributable to the parent company, which takes into account the impact of the FX rate, was THB 1,087 million, a decrease of 32% YoY from THB 1,588 million in Q3/22 as a result of the Thai Baht depreciation against the US Dollar by 7.3%, from 35.46 THB/USD in Q2/22 to 38.07 THB/USD in Q3/22, while the Thai Baht depreciated by only 5.8% against the US Dollar in Q3/21 compared to Q2/21. Nonetheless, the recording of such transaction is an accounting transaction, which does not impact the cash flow and performance of the company.

As of September 30, 2022, GULF had a net interest-bearing debt to equity ratio of 1.96 times, a slight increase from 1.89 times at the end of June 2022. This was mainly due to the THB 35,000 million in debentures that GULF issued in August 2022 for business expansion and partial loan repayment.

Ms. Yupapin Wangviwat, Chief Financial Officer, GULF, stated, “This year’s performance is still in line with the target, despite the steep rise in natural gas prices. GULF received minimal impact as industrial customers account for only 13-14% of GULF Group’s overall electricity sales volume. Moreover, GULF invests in various types of businesses, both domestically and internationally, such as the renewable energy business overseas, including the BKR2 wind power project in Germany and solar farm projects in Vietnam, the gas-fired power generation business overseas, such as the Jackson Generation power project in the United States, as well as the investment in INTUCH Group. This is to diversify revenue streams, which results in stable earnings in the long term for GULF.”

In Q4/22, earnings will grow from GSRC unit 4 (662.5 MW), which began commercial operation on October 1, 2022, and the BKR2 wind power project, which will reach its peak season in the fourth quarter. GULF will also record a full-quarter share of profit from the 3 wind power projects under Gulf Gunkul Corporation. For 2023 results, earnings are anticipated to increase significantly from the commercial operation of the Gulf Pluak Daeng (GPD) project, which is an IPP power plant with a total installed power generation capacity of 2,650 MW, where two units, totaling 1,325 MW, are scheduled to commence commercial operation. GULF also expects to record profit from the 1,200-MW gas-fired Jackson Generation power project in the United States from Q1/23 onwards.

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https://www.nationthailand.com/more/pr-news/40021971

TCAP reports 17.5% boost in net profit

FRIDAY, NOVEMBER 11, 2022

Thanachart Capital Pcl (TCAP) has released the operating results for the first nine months of 2022. Net profit based on the consolidated financial statements amounted to 5.142 billion baht, while net profit attributable to the company amounted to 4.134 billion baht, representing an increase of 17.51% when compared to the same period last year. TCAP attributed the results to continuously growing operating results from associated companies and subsidiaries.

Somjate Moosirilert, Chief Executive Officer of Thanachart Capital Public Company Limited (TCAP), said, “Based on the consolidated financial statements of the Company and its subsidiaries for the nine months of 2022, net profit amounted to 5,142 million baht, of which 4,134 million baht was net profit attributable to the Company, representing an increase of 17.51 % when compared to the same period last year. This was mainly due to the continuously growing operating results from the associated companies and the subsidiaries, in which the Company held shares.”

The performance of the associated companies, particularly TMBThanachart Bank (ttb), in which TCAP held shares was stronger. This was mainly due to continued economic recovery. As regards its subsidiaries, profit of Ratchthani Leasing (THANI) increased by 11.55 % compared to the nine months last year. This was attributable to healthy growth of hire purchase loans for trucks, effective cost control management, and efficient asset quality control.

In relation to Thanachart Insurance (TNI), the premiums received in the nine months increased by 24.92 %, which was in line with the established target.

As for Thanachart Plus (T-Plus), it registered continuous growth with outstanding loans of above 4,000 million baht and no non-performing loans. This was due to cautious and effective risk management.

On the other hand, Thanachart Securities (TNS) registered healthy growth in non-brokerage income, offsetting the falling brokerage income due to unfavourable market conditions.

In addition, on October 27, 2022, TCAP made additional investments in TNI and TNS.  As a result, TCAP’s equity stake in the two subsidiaries increased to 89.96 % from 50.96 %. This was mainly because TCAP considered that both subsidiaries were its key subsidiaries and they continuously delivered strong performance with their Return on Equity (ROE) being high.

“TCAP is confident that the additional investments will generate good results for TCAP’s shareholders in the future,” Somjate said.

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https://www.nationthailand.com/more/pr-news/40021920

Centara Anda Dhevi Krabi has special offer for guests

THURSDAY, NOVEMBER 10, 2022

A special offer to celebrate the reopening of Centara Anda Dhevi Resort & Spa Krabi will be available for guests from November 15 this year to June 30, 2023, the hotel said.

With “The Place to Be” reopening offer, guests can enjoy a variety of exciting perks, including up to 30 per cent discount on available room rates, 500 baht resort credit to spend on food & beverage for stays of two consecutive nights and a 20% discount on food at all outlets, according to the hotel.

Other benefits include late check-out and a complimentary room upgrade, both of which are subject to availability.

Guests who book rooms will receive a special offer from November 15, 2022, to June 30, 2023. The offer includes complimentary Wi-Fi, daily breakfast for two guests and free stays for up to two children.

Located a few steps away from Nopparat Thara and Ao Nang beaches, Centara Anda Dhevi Krabi offers a base from which to explore the province’s tropical wonders, including world-class rock climbing, diving and snorkelling cruises to nearby karst islands.

The resort features an expansive 43-metre swimming pool complete with a swim-up bar, waterslide and direct pool-access rooms.

Kids can enjoy the children’s pool, while adults indulge in a quiet time at the award-winning Cenvaree spa, a fully equipped fitness centre and steam room.

Three delectable dining venues offer culinary experiences every guest will remember, the hotel added.

For reservations or more information, contact Centara Contact Centre at ccc@chr.co.th or dial +66(0) 2101 1234, or use live chat.