Commerce Ministry groomed over 36,000 CEOs from Gen Z: Jurin

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https://www.nationthailand.com/business/corporate/40019055


Commerce Minister Jurin Laksanawisit said on Thursday that his ministry has produced 36,521 CEOs from Gen Z during the past three years in cooperation with private partners.

Commerce Ministry groomed over 36,000 CEOs from Gen Z: Jurin

Jurin was speaking during a ceremony to grant certificates to 15,847 students who have been trained in the “From Gen Z to CEO” programme of the Department of International Trade Promotion (DITP) and the New Economy Academy. The event was held at True Digital Park building on Sukhumvit Sri 101.

Jurin said students from 104 universities from around the country had joined the programme, with cooperation from national and international business partners, including True Corporation, Huawei, Bitkub, Export and Import Bank, Shopee online trading platform, P&G, and Coro Brothers.

Jurin said he was confident that the 36,521 CEOs produced under the programme so far would be the driving force of the Thai economy in the future – for both the domestic economy and exports.

The programme gives students the opportunity to learn from successful CEOs of leading firms.

Jurin said the progamme was initiated with the notion that Gen Z people would like to be their own bosses of their own startup businesses.

Commerce Ministry groomed over 36,000 CEOs from Gen Z: JurinJurin said this year the top 100 students with highest scores after training came from 23 universities.

The DITP said the top 500 students with the highest scores would be allowed to enjoy an exclusive training programme from True Lab.

The department added that the top 100 students would intern with leading organisations, including True, Huawei, Bitkub, Exim Bank, Shopee, P&G, Coro Brothers and the DITP.

Jurin also handed over the Gen Z Ambassador price to the top four students and top 100 students.

This year, the top four students were Sirapassorn Sriyaphai, a law student of Chulalongkorn University, Pattarakorn Sornnarai, a business management student of Rajabhat Surat Thani University, Nachanok Nutcha, a dentist student of Chiang Mai University, and Rasika Priyaworakul, an economics student of Chulalongkorn.

Published : August 18, 2022

Cheaper gold, stronger dollar may see baht swinging sideways

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https://www.nationthailand.com/business/econ/40019088


The baht opened at 35.66 to the US dollar on Friday, weakening from Thursday’s close of 35.62.

Cheaper gold, stronger dollar may see baht swinging sideways

The currency is expected to move between 35.55 and 35.75 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

He said the currency will likely fluctuate and weaken as it has gone past the resistance level of 35.60 to the dollar due to the strengthening greenback and also because foreign investors sold off short-term bonds worth 5.2 billion baht.

Moreover, investors are also buying up gold as it is cheaper, which in turn is pressuring n the baht to weaken.

However, even though the dollar has strengthened by almost 1 per cent and is pressuring the baht, he speculates that it may swing sideways unless there is a new factor.

He said investors are waiting for the Central Banks’ statements, especially from the US Federal Reserve’s chair Jerome Powell at a seminar in Wyoming next week.

Poon said the new resistance level is from 35.75 to 35.80 to the dollar.

He added that the baht might weaken in the short term, but if it does not weaken heavily or strengthen past 35.15 to the dollar, it might move in a head and shoulders pattern, which means it could strengthen continuously.

Published : August 19, 2022

By : THE NATION

Thailand’s metaverse city takes shape in Bangkok

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https://www.nationthailand.com/in-focus/national/40019113


People are the most important resource in building Thailand’s metaverse city, three virtual land developers said during a talk at the “Thailand Metaverse Expo 2022” in Bangkok on Friday.

Thailand’s metaverse city takes shape in Bangkok

Speaking on the topic “Transforming to Metaverse City”, Chiangmai Crypto City co-founder Navaporn Nalita, Class Cafe CEO and Velaverse founder Marut Chumkuntod, and Beach Property Tech co-founder Thanapat Uttawarapong all agreed that no matter how advanced the technology, it is meaningless if people do not use it. And Thailand’s metaverse city was no exception.

They briefly defined a metaverse city as an upgrade from a smart city – a place in which people become more than just technology users. The metaverse is an online virtual community where people can interact and form relationships.

Although Thailand is now more aware of and responding to the trend of metaverse technology, particularly in the aftermath of Covid-19, the country still lacks common development goals to get people moving in the same direction.

Thailand’s metaverse city takes shape in BangkokAs such, Thailand’s metaverse development is powered by different people doing different things, with talent easily overlooked, said Chiangmai Crypto City co-founder & project leader Navaporn.

Meanwhile, because there is no consensus definition of the metaverse, it would be better for each business to define its own metaverse in line with common goals, she said.

Thailand’s metaverse city takes shape in Bangkok

Velaverse founder Marut added that most businesses are prioritising the wrong thing when transitioning to the metaverse. They frequently focus their efforts on developing metaverse technology and on the profits they can make.

Instead, they should be thinking about people first, he said.

For example, rather than focusing on what products to sell, they should think about how to get communities to adopt and engage with the metaverse.

Thailand’s metaverse city takes shape in Bangkok

Beach Property Tech’s Thanapat said the first goal of urban development should be to prioritise people before design. As such, the transition from a smart city to a metaverse city must always be driven by the adoption and engagement of people.

“Thailand Metaverse Expo 2022” is organised by Nation Group and runs at CentralWorld in Bangkok until Sunday (August 21).

#ThailandMetaverseExpo2022
#ThailandMetaverseExpo
#TheNation
#TME
#Thailand #Metaverse

Published : August 19, 2022

By : Nongluck Ajanapanya

Four teams face off for top spot in Sports Metaverse Challenge

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https://www.nationthailand.com/in-focus/national/40019112


Four teams of young competitors have entered the final round of Sports Metaverse Challenge #1. SKiVERSE, Dragon Boat, AS2P and BS are the finalists pitted against one another in the final contest on Sunday (August 21).

Four teams face off for top spot in Sports Metaverse Challenge

They were among the teams that presented ideas and concepts that had the potential to be developed into sports competitions in the virtual world.

The event is part of the first “Thailand Metaverse Expo 2022” being held at CentralWorld in Bangkok until Sunday. The event is being organised by Nation Group in collaboration with Block Mountain and Metaverse XR.

SKiVERSE team is made up of three female students from Chulalongkorn University.

Dragon Boat is from King Mongkut’s University of Technology’s Thonburi campus, which competed with the concept of a long-tailed boat race.

Four teams face off for top spot in Sports Metaverse Challenge

AS2P competed with a concept based on ping pong. The team is led by Piyawadee Thepsurin, a high-school student from Prachuap Khiri Khan province.

BS, which comes from the northern city of Chiang Mai, competes with the concept of Muay Thai martial arts.

The four teams are set to fight for the top spot on Sunday.

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#ThailandMetaverseExpo
#TheNation
#TME
#SportMetaverseChallenge
#Thailand #Metaverse

Four teams face off for top spot in Sports Metaverse Challenge
Four teams face off for top spot in Sports Metaverse Challenge

Published : August 19, 2022

Experts urge Thai businesses to quickly prepare for rise of the metaverse

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https://www.nationthailand.com/in-focus/national/40019109


Two digital world experts have urged Thai business leaders to educate themselves on the potential of the metaverse, as it is becoming the key idea in helping companies find new ways to grow and sustain themselves.

Experts urge Thai businesses to quickly prepare for rise of the metaverse

Sfia founder and chief executive officer Thanapongphan Thanyarattakul and Cryptomind Advisory co-founder and CEO Sanjay Popli shared their views and experiences of the current metaverse movement at the Thailand Metaverse Expo 2022 organised by The Nation Group on Friday.

They both emphasised that the metaverse is unquestionably the future, and it is no longer an option, but rather a requirement for businesses hoping to thrive and sustain in the digital age. They expressed their gratitude to The Nation for hosting this event at such an early stage in the evolution of the metaverse.

Many experts have attempted to define the metaverse. However, all definitions agree on one thing: the metaverse is a digital space where virtual and reality collide to provide people with a better online connection and experience.
 

Experts urge Thai businesses to quickly prepare for rise of the metaverse

Speaking on the topic “Metaverse and Metanomics: Turning Digital into a Real Opportunity”, Thanapongphan said that in order to adopt this latest technology, businesses should first understand what the metaverse is and then look at many use-case examples from foreign companies.

He added that the metaverse is the result of combining previous technological evolutions. The digital transformation of all industries is a critical tipping point for accelerating their entry into the metaverse.

“Business owners now have two options: one is to do nothing and wait to be disrupted, while the other is to adapt and become disruptors,” Thanapongphan said.

He advised businesses that wanted to enter the metaverse to first understand the possibility of this scenario, then assess their readiness, create a transformation roadmap, and conduct experiments to find a successful business model.

Experts urge Thai businesses to quickly prepare for rise of the metaverse

Speaking on “Creating Real Value in a Virtual World” at the expo, Sanjay suggested that businesses could start by considering how to increase their engagement with their customers. Non-fungible token (NFT) is one of the simple ways to work with.

Various businesses have applied NFT as a royalty membership programme, while others have developed NFT to use as a privilege to meet the personalised demands of exclusive clients, said Sanjay.

He added that the government sector could use metaverse to enhance their services, leading to more cost savings and convenience.

As for Thailand’s economy, which is mainly driven by the tourism industry, Sanjay believes that the virtual world of the country’s tourist destinations in the metaverse will entice more tourists from around the world to visit the Kingdom.

“By 2025, most global populations will be as familiar with the metaverse and virtual world as they are with smartphones,” Sanjay said. “Therefore, this trend presents a genuine opportunity that businesses should never pass up.”


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#ThailandMetaverseExpo
#TheNation
#TME
#Thailand #Metaverse

Published : August 19, 2022

By : Nongluck Ajanapanya

Thailand’s 1st Metaverse Expo launches new economic era: DES minister

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https://www.nationthailand.com/in-focus/national/40019107


Thailand’s Metaverse has officially started with the grand opening Thailand Metaverse Expo 2022 @centralwOrld, bringing real players to NFTs, Sports Metaverse, start-ups, MarTech, UX-UI, and more while creating new business opportunities in line with the digital economy of the global market.

Thailand’s 1st Metaverse Expo launches new economic era: DES minister

The metaverse is the key to linking the virtual world with the business world in order to boost people’s incomes, Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn said on Friday.

Chaiwut highlighted the metaverse as a new engine of inclusive economic growth as he presided over the opening of the “Thailand Metaverse Expo 2022”.

The latest report, “The Metaverse Market In Finance by Component for 2022-2026,” states that the Metaverse market will stimulate hardware growth and software around the world, including Metaverse’s financial market share that will increase to $50.37 billion between 2021- and 2026.

The report, conducted by Technavio, shows that North America will play the largest share in Metaverse adoption across industries, accounting for 32 percent of Metaverse market growth, with China and Germany also going to be important consumer countries in digital assets and blockchain technology, it is expected to contribute to growth in Europe and the Asia-Pacific region.

“This event is very important as it links the public and private sectors in supporting the adoption of the metaverse for our country’s economic development,” Chaiwut said.

“Metaverse is the key. If we can encourage operators do their business via the metaverse, the link between the virtual and real business worlds will boost trade, investment and revenue.”

The first “Thailand Metaverse Expo” is being held by Nation Group, in collaboration with Block Mountain and Metaverse XR, at CentralWorld from Friday to Sunday.

Visitors who attend the expo will be immersed in the full metaverse experience.

Thailand’s 1st Metaverse Expo launches new economic era: DES minister
Thailand’s 1st Metaverse Expo launches new economic era: DES minister

The event introduces the metaverse ecosystem via three platforms: business forum, workshops and sports metaverse.

Speakers include experts and professionals from the worlds of digital assets, non-fungible tokens (NFT), sports, start-ups, marketing technology, user experience and user interface (UX-UI).

Adisak Limparungpatanakij, deputy CEO of Nation Group Plc, said the expo will also see the launch of Nation Group’s metaverse news station and multilingual AI news reporter.

Thailand’s 1st Metaverse Expo launches new economic era: DES minister

The AI Reporter was developed with Deus.works while the metaverse news station is a collaboration between OK Nation, Metaverse Thailand and Erectus.

“Over the past half-century, Nation Group has played an important role in introducing new media technology to Thai society. After print, multimedia and social media, we are now entering the world of the metaverse,” said Adisak, who heads the event’s organising committee.

Visitors will also be invited to enter the exciting universe of virtual-reality sports.

Thailand’s 1st Metaverse Expo launches new economic era: DES minister

Preedok Thongwandee, president of B-Lay Plus Co Ltd, said youngsters can take part in the Sport Metaverse Challenge #1.

More than 30 booths offer the experience with Thai Metaverse Association and the Thai Digital Asset Association.

The “Thailand Metaverse Expo” runs at CentralWorld in Bangkok, from 10am to 8pm, until Sunday. Admission is free of charge.
 

Thailand’s 1st Metaverse Expo launches new economic era: DES minister
Thailand’s 1st Metaverse Expo launches new economic era: DES minister
Thailand’s 1st Metaverse Expo launches new economic era: DES minister

Published : August 19, 2022

Blackpink smashes new records with latest single ‘Pink Venom’

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https://www.nationthailand.com/in-focus/national/40019103


K-pop sensation Blackpink has set new records with its new single “Pink Venom” drawing close to 13 million views within two hours of being released online.

Blackpink smashes new records with latest single ‘Pink Venom’

This is the first single the all-girl group has released in two years. As of 1pm on Friday, the group’s official YouTube channel, which has 77 million followers, recorded 12.9 million views of the video.

The 3.13-minute long video also drew more than 1 million likes and nearly 150,000 comments.

The last time Blackpink smashed records was with the release of the song “LaLisa” featuring Thai band member Lalisa “Lisa” Manoban. That single took the official Guinness World Record title for the most-viewed YouTube music video by a solo artist in 24 hours with 73.6 million views.

The latest single has Jisoo, Jennie, Rose and Lisa singing and rapping to a strong beat, sometimes created by traditional Korean instruments.

Some fans said the “ratatata ratatata” riff sounded like it had been borrowed from their hit “Kill This Love”.

Blackpink smashes new records with latest single ‘Pink Venom’

YG Entertainment, which manages Blackpink, had been quoted as saying that this music video was the most expensive it has ever produced.

“Pink Venom” is Blackpink’s first pre-release single since “How You Like That” was released in June 2020. The full-length album “Born Pink” is scheduled for release on September 16 – ahead of a planned nine-month world tour that kicks off in October.

The tour will feature at least 26 cities and entertain up to 1.5 million fans.

So far, 1.5 million copies of the “Born Pink” album have been presold – double the number recorded by the group’s first full-length album, “The Album”, released in October 2020, YG Entertainment said.

To celebrate Blackpink’s return to the music scene, Bangkok’s CentralWorld will be sparkling with pink lights on Friday evening from 6pm. This is part of the “Light Up the Pink” campaign, which will also be observed in Seoul, Tokyo, Shanghai, New York and Los Angeles.

Blackpink smashes new records with latest single ‘Pink Venom’

Published : August 19, 2022

Driver wins her battle after car wrecked at Nissan service centre

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https://www.nationthailand.com/in-focus/national/40019100


Nissan has agreed to compensate a customer with a new car after an employee at its service centre crashed her vehicle in an accident.

Driver wins her battle after car wrecked at Nissan service centre

Siri Nammungkun, 31, dropped off her Nissan Almera at a Nissan service centre in Nakhon Ratchasima on July 29. The next day, she got a call from the service centre to say her car had been wrecked.

Driver wins her battle after car wrecked at Nissan service centre

Siri proposed two solutions to the centre: either replace her car with a new model or keep the wreckage and return the down payment and instalments to her.

However, the centre decided instead to repair her car, so she demanded compensation of 500,000 baht. The centre refused and offered to pay the repair costs of 200,000 baht plus 30,000 baht compensation.

Unhappy with that offer, Siri decided to make her complaint public via a popular Facebook consumer-rights page on Monday.

Stung into action, Nissan executives and sales representative got in touch with Siri on Thursday and offered a full apology.

Driver wins her battle after car wrecked at Nissan service centre

They also promised her a new Nissan Almera 1.0 V Turbo on which she could continue paying instalments, and a five-year service package with a two-year extended warranty.

Siri accepted the offer and thanked Nissan for solving the issue. She also thanked the press for helping publicise her complaint.Driver wins her battle after car wrecked at Nissan service centre

Published : August 19, 2022

By : THE NATION

Thousands of public transport drivers face action for traffic offences

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https://www.nationthailand.com/in-focus/national/40019097


As many as 18,662 public transport drivers nationwide stand to have their driving licence points deducted for offences committed between December 1, 2021, and August 9, 2022.

Thousands of public transport drivers face action for traffic offences

Public transport drivers cover drivers of trucks, buses, taxis, tuk tuks and motorcycle taxis.

Meanwhile, 66 drivers stand to have their licences suspended, while 63 have been told to undergo training and testing to learn about road safety, the Department of Land Transport (DLT) said on Thursday.

Seksom Akraphand, DLT’s deputy director-general, said the department has introduced a points deduction system in a bid to raise awareness of driving safely.

He also said that most public transport drivers face punishment for speeding or being impolite. He added that one driver lost his licence for taking drugs while driving.

“All public transport drivers have been instructed to drive carefully and pay attention to safety,” he said.

He added that DLT will continue using these measures to ensure all public transport drivers strictly observe traffic laws and make an effort to cut down on road accidents.

At least 20,000 people die on roads in Thailand every year, making it the ninth most dangerous country in the world.

Published : August 19, 2022

By : THE NATION

No CCSA or extension of emergency decree from Oct 1

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Prime Minister Prayut Chan-o-cha on Friday approved the lifting of the emergency decree and dissolution of the Centre for Covid-19 Situation Administration (CCSA) on October 1.

No CCSA or extension of emergency decree from Oct 1

Dr Udom Kachintorn, an adviser to the CCSA, said the move is in line with the government’s decision to downgrade Covid-19 from a “dangerous communicable disease” to “communicable disease under surveillance”.

He said after October 1, the 2015 Communicable Disease Act will be the governing law to tackle the Covid-19 outbreak instead of the Emergency Decree on Public Administration in Emergency Situations, which has been in place since March 24, 2020.

Udom added that Thailand currently has some 70,000 confirmed Covid-19 patients either in hospitals or in home isolation, and most of them have few or no symptoms.

The CCSA expects the number of new patients to remain flat for around a month before falling in mid-October.

Udom also expects that by yearend, the number of hospitalised patients will drop to around 1,000 people per day and the daily death count should drop to around 10.

“From October 1, Covid-19 will become a disease under surveillance but not endemic, which means wearing a facemask in crowded public places will remain necessary,” he said.

“Before its dissolution, the CCSA will propose guidelines for people to follow to stay safe from Covid-19, as well as instructions on how to seek treatment now that the disease has been downgraded.”

Udom said that apart from visiting the hospital, Covid-19 patients have the option of receiving Covid-19 treatment via the National Health Security Office (NHSO)’s telemedicine system.

The NHSO has employed three apps for the treatment of Covid-19 patients. They are Clicknic for the high-risk group (those aged over 60 or suffering from any of eight chronic conditions), and Good Doctor Technology and MorDee, which only tend to “green” patients or those with mild symptoms.

The emergency decree has been extended a total of 19 times since March 24, 2020, to enable authorities to control the outbreak more efficiently, with the latest extension ending on September 30.

On Friday, Thailand recorded 2,110 confirmed Covid-19 cases and 27 deaths, while 2,028 patients had recovered and discharged from hospitals. The number of cumulative cases in the country since January 1, 2022, stands at 2,406,875 with 10,273 deaths.

Published : August 19, 2022

By : THE NATION