Formerra Achieves ISCC PLUS Certification Across U.S. Warehouses, Enhancing Sustainable Material Distribution

ROMEOVILLE, IL / ACCESSWIRE / May 8, 2024 / Formerra, a leader in performance materials distribution, proudly announces it has achieved ISCC PLUS certification for its U.S. legal entity, including nine of its distribution warehouses across the United States. This milestone marks a significant step in Formerra's commitment to supporting the circular economy and bio-based materials, providing customers with greater access to sustainable solutions.

Formerra Achieves ISCC PLUS Certification Across U.S. Warehouses
Formerra Achieves ISCC PLUS Certification Across U.S. Warehouses

The ISCC PLUS certification enables Formerra to handle and distribute ISCC-certified materials, meeting a growing demand among customers for environmentally responsible products. With this certification, Formerra assures its clients of the integrity of its sustainable materials, ensuring they adhere to strict sustainability standards to prevent greenwashing and provide quality and consistency identical to virgin fossil-based materials.

"Receiving ISCC PLUS certification reflects our ongoing dedication to sustainability and our ability to respond to our customers' needs," said Mike Balasko, Sustainability Director at Formerra. "Certifying nine warehouses across the U.S. allows us to get material closer to where our customers need it and provide just-in-time deliveries for customers requiring it."

Formerra's ISCC PLUS certification includes the mass balance approach, which allows suppliers to mix sustainable and fossil-based feedstocks while ensuring the final product represents a quantifiable sustainable content. This method is critical in many industries that want sustainability but do not want to sacrifice performance, quality, and consistency.

The certification process was audited by SCS Global Services, ensuring that Formerra's processes and policies as well as its nine warehouses met the rigorous standards required for ISCC PLUS certification. This achievement underscores Formerra's role as a pivotal partner for suppliers looking to innovate and grow with sustainable materials as well as processors seeking bio-based or recycled materials.

About Formerra

Formerra is a preeminent distributor of engineered materials, connecting the world's leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways - driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.

Contact Information:

Jackie Morris
Marketing Communications Manager, Formerra
jackie.morris@formerra.com
+1 630-972-3144

SOURCE: Formerra

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USA to Battle France in the Historic 2024 Paris Games Polo Challenge, Presented by U.S. Polo Assn.

The Thrilling Equestrian Event Will Take Place on Aug. 7 and be Broadcast on ESPN

PARIS, FRANCE AND WEST PALM BEACH, FL / ACCESSWIRE / May 7, 2024 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), and the Polo Club du Domaine Chantilly are proud to present the Paris Games Polo Challenge 2024, a tribute match between USA and France taking place on August 7. The Paris Games Polo Challenge will be open to the public and will air on ESPN2 to a global audience.



With the 2024 Summer Olympics taking place in Paris from July through August and equestrian events concluding on August 6 at Versailles, U.S. Polo Assn. invites sports fans to continue the equestrian celebration with polo, just 40 minutes outside Paris city center at the Polo Club du Domaine Chantilly. Chantilly is the home of the Great Stables of Prince de Conde and Chateau de Chantilly, and is, of course, the namesake of Chantilly lace, the famous silk laces that date back to 17th century France.

In partnership with the Federation of International Polo (FIP), the Federation Française de Polo (FFP) and the USPA, this historic match is the centennial celebration and tribute to the last time France hosted the Olympics, exactly 100 years ago. France will be seeking redemption at the Paris Games Polo Challenge 2024 for the VIII Olympiad which were held in Paris for the second time in the modern era. On June 28, 1924, in St. Cloud, France, and before the official opening ceremony, the match between the United States and France began. It ended with France losing 15-1. USA concluded the overall tournament with the silver medal, having lost to Argentina, who remained unbeaten and took home Olympic gold. The last Olympics to include polo was held in 1936 in Berlin, Germany.

As the Title and Apparel Sponsor, U.S. Polo Assn. will be providing apparel for USA and France Teams with performance jerseys, practice jerseys, and an assortment of U.S. Polo Assn. custom-designed country apparel to wear off the field, featuring the global sports brand's iconic double horsemen logo. The USA Team will be wearing custom USPA Pro whites. U.S. Polo Assn. is also providing saddle pads, as well as groom and staff outfitting for the Polo Club du Domaine Chantilly. VIP gifts for the event will include event limited edition Paris Games Polo Challenge 2024 caps, t-shirts, scarves and pocket squares, as well as branded duffle bags.

"U.S. Polo Assn. is honored to be part of such an historic and celebratory polo event at the beautiful Polo Club du Domaine Chantilly, alongside the upcoming 2024 Paris Olympics," said J. Michael Prince, President & CEO of USPA Global, the company that manages and markets the multi-billion-dollar U.S. Polo Assn. brand. "This event brings FIP, FFP and the USPA together for only the second time in 100 years of history, making this tribute game a once-in-a-lifetime opportunity for everyone that attends."

Polo Club du Domaine Chantilly will also be hosting two other high goal polo tournaments this summer, the Polo Nations Cup from June 13 - 23, and the French Open for men and women from September 4-22. These events are also open to the public.

"The French Polo Federation is extremely honored to welcome the Paris Games Polo Challenge to our country during the summer of the Paris Olympic Games 2024, with the support of FIP, the USPA and U.S. Polo Assn. at the prestigious Polo Club de Chantilly, headquarters of the French Polo Federation," said Jean-Edouard Mazery, President of the French Polo Federation. "This is a unique step for the French national team to play the USA Team during the Paris Olympic Games 2024, and a tremendous opportunity to develop a program for our French national team and promote our sport."

About U.S. Polo Assn. and USPA Global

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the governing body for the sport of polo in the United States and one of the country's oldest sports governing bodies, founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. A recent, multi-year deal with ESPN to broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., has made the thrilling sport accessible to millions of sports fans globally for the very first time.

U.S. Polo Assn. has consistently been named one of the top global sports licensors alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized around the world with awards for global growth, expansion, licensing, and digital growth. Due to its tremendous success as a global brand, particularly in the last five years, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.

For more information, visit uspoloassnglobal.com and follow @uspoloassn. 

USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.

About The Federation of International Polo

The Federation of International Polo (FIP) is the international federation representing the sport of polo, officially recognized by the International Olympic Committee. The FIP was founded in 1982 by representatives of eleven national polo associations, and it represents the national polo associations of more than 80 countries. Its principal aim is to enhance the international image and status of polo.

In addition to organizing international tournaments, the FIP develops international tournaments for children, conducts umpiring and coaching seminars, encourages participation in the sport at all levels and ages, and makes the international rules of polo through a cooperative agreement with the Asociación Argentina de Polo, the Hurlingham Polo Association of Great Britain and Ireland, and the United States Polo Association (USPA). Visit fippolo.com.

About the French Federation of Polo (FFP)

The Fédération Française de Polo (FFP) was created to make polo accessible to all, to promote the sport throughout France and to support the common interests of its member clubs in every way possible. The FFP organizes national and international polo competitions and championships, sets the technical rules for competitions by harmonizing them with foreign rules, and organizes the training and teaching of the equestrian discipline. Today, the FFP has over 30 affiliated clubs and more than 800 players within its organization. For more information, please visit francepolo.com.

About the United States Polo Association® (USPA)

The United States Polo Association (USPA) was organized and exists for the purposes of promoting the game of polo, coordinating the activities of its Member Clubs and Registered Players, arranging and supervising polo tournaments, competitions, and games, and providing rules, handicaps, and conditions for those tournaments, competitions, and games, including the safety and welfare of participants and mounts. Founded in 1890, the USPA is the national governing body for the sport of polo. The USPA is currently comprised of almost 200 member clubs with thousands of individual members and oversees 40 national tournaments. For more information, please visit uspolo.org.

Contact Information
Stacey Kovalsky
VP Global PR and Communications
skovalsky@uspagl.com
+001.561.790.8036

Shannon Stilson
VP, Sports Marketing & Media
sstilson@uspagl.com
+001.561.227.6994

SOURCE: USPA Global Licensing Inc.

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Lithuanian Biotech Pioneer ‘Nando’ Embarks on Global Expansion With New Management Team and Innovative Production Line

"Nando", a leading Lithuanian-owned biotechnology company known for its groundbreaking work in developing microbiological products for agriculture, that helped to save up to 50M on fertilisers, announces a significant bolstering of its management team and an ambitious expansion of its biotechnological production line. This move is set to position "Nando" not just as a leader in Lithuania but as a formidable player on the international stage.

KAUNAS, LITHUANIA / ACCESSWIRE / May 7, 2024 / In a strategic enhancement of its management team, "Nando" welcomes four seasoned professionals, each bringing a wealth of experience from reputable organizations. Gytis Kubilius, with a solid background in management at "SEB" and "Citadele" banks; Mindaugas Navickas, previously International Sales Manager at "Teltonika Networks"; Arūnas Jusas, former General Manager at "Timac AGRO"; and Giedrė Mockienė, who served as HR Manager at UAB "Yara", are now integral parts of "Nando's" leadership, aiming to spearhead ambitious development projects.

To cater to the surging demand for microbiological alternatives to mineral fertilizers and plant protection products, "Nando" has invested about €3 million in a unique biotechnology line. This investment boosts production volume, enhances productivity, and ensures competitive pricing to meet the escalating market demand. With a technology that is currently patent-pending, "Nando" exports to over 20 countries, including Great Britain, Ukraine, Estonia, Kazakhstan, Latvia, Poland, Romania and beyond.

Justinas Taruška, CEO of "Nando", stated, "Our main goal is to feature a highly automated biotechnological production line. This will not only elevate the agro-biotechnology sector's value in Lithuania but also accelerate sustainable and economically viable agricultural technologies across Europe and other continents." The new production line is renowned for its unique microorganism purification technology, a rarity in the entire Baltic region. It promises an efficient production of stable, high-yield microbiological products in powder form, a technology with limited competition.

The inclusion of new management members, with their extensive international experience, underscores "Nando's" commitment to employee development and its focus on penetrating foreign markets, including Europe, North and South America, Asian and Africa countries. This strategic move coincides with the launch of the new production line for microbiological products.

Founded in 2007, "Nando" stands at the forefront of the biotech industry, developing and manufacturing microbiological products and chemical additives for agriculture. With one of Northern Europe's leading R&D centers and partnerships with global research institutions, "Nando" has introduced over 50 innovative products, vital to the agro, livestock. Currently, the company is intensifying its export activities, with operations spanning over 20 countries in Europe, North and South America, Asian and Africa. The "Nando Group" proudly employs more than 50 professionals dedicated to advancing global biotechnology solutions.

Contact Information:

Milda Gauliene
Marketing specialist
milda@nando.lt
+37066475297

SOURCE: Nando

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Mastering the AI Revolution: MetaHomes Ushers Intelligent AI Features into Real Estate Amidst Dubai’s Booming Market

Boasting a seamless online real estate platform, backed by innovative tools like Virtual Reality and Artificial Intelligence, MetaHomes sets new standards for excellence

DUBAI, ARAB EMIRATES / ACCESSWIRE / May 6, 2024 / The global real estate landscape is on the cusp of revolution, driven by artificial intelligence (AI). While headlines often focus on booming markets like Dubai (and for good reason), a quieter storm is brewing, poised to transform how we buy, sell, rent and manage property, ushering in an era of unprecedented efficiency and personalization.

MetaHomes
MetaHomes
Mastering the AI Revolution: MetaHomes Ushers Intelligent AI Features into Real Estate Amidst Dubai's Booming Market



It is no doubt that Dubai's real estate market has become a global phenomenon. Visionary infrastructure development projects like Palm Jumeirah, the Dubai Museum of the Future, Palm Jebel Ali and the iconic Burj Khalifa stand as testaments to the city's commitment to progress. This, coupled with a robust economy and a safe bubble index (according to Statista), has attracted investors, fueling a vibrant real estate ecosystem.

The city's relentless growth, with a staggering 19.3% property value increase in Q1 2024 compared to the same period last year, presents a unique opportunity for innovation and sustained growth. Developers are responding by launching new projects at an unprecedented pace, with a new one hitting the market every 17 hours according to Allsop & Allsop. As the city continues to solidify its position as a global hub for real estate expansion, investment and innovation, the spotlight shines brightly on MetaHomes, a prominent online real estate marketplace that offers a comprehensive suite of services for all, including real estate investors, developers, and agents.

The platform uses advanced algorithms and machine learning to analyze millions of data points from various sources, such as property listings, images, videos, and customer feedback. Based on these analyses, MetaHomes provides valuable insights and recommendations that help customers make informed decisions, optimize their strategies, and maximize returns. Luxury apartments and villas for rent, including furnished apartments, and commercial properties like retail and offices for rent are some of the properties available on MetaHomes.

In a statement, MetaHomes' CEO, Jerry Wu, said: "We believe that AI is the future and we are committed to providing our clients with the best-in-class technology that can help them achieve their goals. Our platform is designed to be user-friendly, flexible, and scalable, so that it can adapt to any market conditions and customer needs. We are confident that our platform will revolutionize the real estate industry and set new standards for excellence."

The global real estate market presents a complex picture, with investors hungry for data insights. Navigating this dynamic terrain requires the need for innovative tools such as virtual reality facilities. With a rising tide of a tech-driven future championed by MetaHomes, the stage is set for an era of unprecedented growth and innovation in the real estate market.

Zohaib Pervaiz
zohaib@metahomes.net

Contact Information

Zohaib Pervaiz
PR Specialist
zohaib@metahomes.net
00971529326142

SOURCE: MetaHomes (Metaworld Technology FZ LLC)

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Thai Credit Bank explains that customers complained that they were cheated into selling life insurance.

Bangkok, from the case Micro SME business loan customers of Thai Credit Bank Public Company Limited has filed a complaint with the media in the case of requesting a loan and suspecting that he may have been cheated on processing fees and in connection with obtaining life insurance without consent. Thai Credit Bank Public Company Limited is not complacent. and hastened to investigate the incident. It was found that the bank had followed normal procedures. and is correct according to the criteria under the supervision of the Bank of Thailand We would like to clarify the following issues. 1. The customer requests a credit line for business revolving. By receiving a guarantee from Small Industry Credit Guarantee Corporation (TCG), bank employees Details have been informed to the customer. The customer has signed the loan contract and complete loan acceptance documents. In addition, the bank sends invoices indicating the debt balance and the installment payment amount for each installment to the customer every month. 2. Issues regarding life insurance The customer has applied for two life insurance policies covering credit limits (in the names of the customer and the customer's foreign husband) which are intended to protect the insured. In the event of an unexpected incident (Customer dies) The life insurance company will pay all debts to the bank. and refund the remaining amount to the beneficiary as specified by the applicant in the insurance request. with life insurance premiums for loan protection based on the insured sum that is equal to the credit limit that the customer requests to borrow. In addition, the customer has also applied for 2 health insurance policies (in the name of the customer and the customer's foreign husband) with the objective of compensating the insured's income. In the case of staying at the hospital for treatment However, applying for life insurance and health insurance for every policy. The customer has the signatures of the customer and the customer's foreign husband clearly. In th e case of the customer's husband who is a foreigner Bank employees Explained the insurance process with the customer translating for her husband. which the bank's employees We also had a conversation with the customer via the LINE application, and the customer submitted his tax identification number to apply for life insurance for the customer's husband. 3. In the case of TCG fees Customers receive loan guarantees from TCG under the BI7 loan guarantee program, which has different fees for the first year and renewal year. The customer has made payment according to the project conditions, which the bank has sent to TCG in full. The bank has explained the details. and the customer has signed to acknowledge the conditions and criteria in the loan application document and the guarantee application form completely and correctly. 4. Issue of notification of insurance cancellation and notification of rights to customers. in the sales process In addition to sales staff who present and sell to customers, the bank a lso has a Welcome Call process in which another team of employees will call customers. To clarify various details to additional customers including explaining and understanding insurance products and various expenses Including notification of rights regarding cancellation of insurance. that this can be done if the customer has no desire to purchase insurance products which if the customer has a misunderstanding or wondering about the details or want to cancel various insurances, the bank will coordinate to confirm. and can cancel for customers 5. The issue of whether employees who take care of customers actually exist or not. And have all the sales details been explained to customers or not? There are 2 employees who take care of this customer: 1. Micro SME business customer area manager. (Assistant Director level position) and 2. Micro SME Customer Relationship Manager (RM). Currently, both employees are still employees of Thai Credit Bank. and from investigating employees and asking employees to explain c ontact details Credit and insurance sales The employee confirmed that he had gone to meet the customer at the business location. along with various details explained Let customers be informed correctly and completely and the customer has agreed to use the service Both loans and insurance with various attached documents that the customer has signed Both loan applications Insurance application loan contract documents and complete documents informing details of various expenses along with evidence of contact and conversation with customers via LINE. The customers talked with the employees and were well informed of the procedures and conditions. At this time, the bank In the process of summarizing the event and will go see customers again To summarize employees' understanding of documents and work procedures. Including explaining various facts that have occurred and if there is any information that the customer has that is not consistent with what the employees have informed, the bank is ready to listen and take corrective action according to the bank's procedures and processes. as soon as possible next The Bank would like to confirm that the Bank places importance on fair sales (Market Conduct), including quality control and work standards of employees in taking care of customers and selling products to customers. There is also a process for checking the work of employees to ensure they are in accordance with the code of conduct, not forcing them to sell, and informing them of various rights. of the customer completely Including clear penalties. If employees do not follow the code of conduct set by the bank In addition, the bank There is also a complaint channel for customers to report corruption or various complaints. You can do so through the Bank's website or social media, Bank branches, and the Customer Relations Center (Call Center) 02 697 5454. The Bank will inform the complainant about the steps and length of time it takes to process the Bank. Ready to take care of customers In order for customers to receiv e maximum satisfaction in using the bank's services. Source: Thai News Agency

Thai Chamber of Commerce opposes 400 baht wage increase nationwide

Bangkok, Thai Chamber of Commerce and labor-intensive trade associations. Opposing the 400 baht wage increase nationwide, confirming the stance that not all private sectors are ready. From the case on May 1, 2024, which was the previous Labor Day, Mr. Pipat Ratchakitprakarn, Minister of Labor, along with Mr. Anutin Charnvirakul, Deputy Prime Minister and Minister of Interior. Announced a wage increase of 400 baht nationwide for all occupations by October 1, 2024. Most recently this morning (May 7) Mr. Poj Aramwattananon Vice Chairman Thai Chamber of Commerce and Board of Trade of Thailand and Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce and Chairman of the Advisory Center for Economic and Business Forecasting He held a press conference opposing the minimum wage policy of 400 baht nationwide. Mr. Poj has read the statement of opposition. Ready to say Received complaints from the private sector Especially in the tourism and service sectors, 54 trade associations submi tted names opposing the said wage increase because it increases the cost burden until there is no profit left. and the Thai Chamber of Commerce A list of opposing associations will be submitted to the Labor Minister on May 13, which is expected to include 100 trade associations that oppose the wage increase. However, chambers of commerce across the country and labor-intensive trade associations Agree with raising the level of income for workers, but the annual minimum wage rate adjustment should be adjusted as required by law in Section 87 of the Labor Protection Act, B.E. 2541. The wage increase should take into account educational outcomes and Listen to opinions from the sub-committee considering the provincial minimum wage rate and the Wage Committee (tripartite) again. Adjustment of the wage rate should be based on the skills of the workers. and adjusting the minimum wage rate for specific provinces and business types There should be listening to opinions and studying the readiness of each province. Adj usting wages will increase production costs because in some provinces they will go up to 21%. Therefore, adjusting the minimum wage rate without taking into account what the law requires will cause the business sector and entrepreneurs to stop their business, reduce the size of their business or adjust. Business outside the tax system leading to layoffs and eventual layoffs of employees Mr. Thanawat added that This wage adjustment is a policy increase from the campaign that did not increase as needed. Last year, the Thai economy grew only 1.9% and when looking back 3 years, the Thai economy grew only 6%. According to the survey results of the University of the Thai Chamber of Commerce, it was found that labor wage adjustments It should be adjusted according to the mechanism and the rising cost of living. This adjustment will make employment dull. Entrepreneurs will turn to using more machines in the future. Source: Thai News Agency

The Ministry of Labor advises the government to increase wages and consider all aspects. Meanwhile, the export target for 2024 is still positive.

Bangkok, The Chairman of the NRCT is confident that Thai exports will continue to grow at least 1-2% in 2024 and proposes that wage adjustments must be considered thoroughly and determine assistance measures under the Wage Committee mechanism. Dr. Chaichan Charoensuk, Chairman of the Shippers' Council of Thailand (STC), said that Thailand's international trade situation in March 2024 found that exports were worth 24,960.6 million US dollars. Compared to the same month last year (YoY), it shrank by 10.9 percent and had a value in baht of 892,290 million baht, a contraction of 6.6 percent (when deducting gold, oil, and weapons. found to contract by 5.6 percent), while imports were valued at 26,123.8 million US dollars. expanded by 5.6 percent and had a value in baht of 944,828 million baht, expanding by 10.7 percent, resulting in Thailand's trade balance in March 2024 having a deficit equal to 1,163.3 million US dollars, or equal to 52,538 million baht. An overview of Thailand's international trade in Januar y - March of 2024 found that Thailand exported a total value of 70,995.3 million US dollars. Compared to the same period last year (YoY), it shrank by 0.2 percent (when deducting gold, oil, and weapons. Found that it expanded by 1.3 percent) and had a value in baht of 2,504,009 million baht, expanding by 4.2 percent, while imports were worth 75,470.5 million US dollars. expanded by 3.8 percent and had a value in baht of 2,692,023 million baht, expanding by 8.2 percent, resulting in Thailand's trade balance in January - March 2024 having a deficit of 4,475.2 million US dollars, or equivalent to 188,014 million baht. However, the NRCT forecasts export work targets for the entire year 2024, forecasting Thai exports to grow at 1-2 percent (as of March 2024), with important factors to watch for, including 1) geopolitical conflicts. The protracted Israeli-Hamas conflict has had an impact on other countries in the Middle East, such as Iran, affecting trade and the overall economy. and affecting the Strait of Hormuz , which is the main route for world oil transportation. 2) Concerns about production costs include 2.1) Minimum wages. which adjusted to 400 baht 2.2) Energy costs such as oil and electricity 2.3) The policy interest rate remained stable at a high level. The MPC voted 5 to 2 to maintain the policy interest rate at 2.5 percent per year, and 2.4) Ship freight costs increased high. on every route. 3) Drought problems affect agricultural production. (Fruits come out later than normal season. The production of rubber is less than usual) In addition, the NRCT has important recommendations: Must support and assist exporters to insure important risks, including 1) exchange rate risk to accommodate the fluctuations in the financial market at the end of the year and 2) the risk of counterparty payments To support economic risks and payment abilities of trading partners As for the matter of increasing the minimum wage, 'Wage adjustments must be considered in every aspect and determine measures to help entrepreneurs un der the Wage Committee mechanism. Considering the impact on the economic system and employment as a whole' because there are important considerations including: 1) Raising the minimum wage to the same 400 baht nationwide is not consistent with the business model. Especially product groups that are labor-intensive and low-skilled, such as food, agriculture, textiles and clothing. Thailand must compete with low-cost products from China and Vietnam that produce the same products. Therefore, raising the minimum wage is not consistent with the country's economic fundamentals. It will cause Thailand to lose its ability to compete on the world stage. Especially towards key competitors 2) Minimum wage that is inconsistent with labor productivity (Productivity) will cause problems to the production sector. while the budget allocation to raise labor productivity is less than 1%, reflecting fragile productivity; and 3) a jump in the minimum wage will affect existing industries or labor-intensive industries and SMEs tha t are unable to change or Transitioning to a high-class industry in a short time 'It is very important for the government to manage production costs in order to maintain the competitiveness of Thai entrepreneurs in the global economic slowdown.' There are suggestions to the government for adjusting the minimum wage as follows: 1) It should be adjusted wages and determine measures to assist entrepreneurs under the Wage Committee mechanism (Tripartite Committee) in each area It must take into account the cost of living that varies in each area and the productivity of the labor force. (Productivity) and must consider the impact on the economic system and employment as a whole. 2) Please consider adjusting wages carefully and increasing them gradually. 3) Adjusting wages must be consistent with labor skill. The government must clearly support Total Productivity and Innovation skills of Thai workers, and 4) a joint investment fund should be set up with companies that need to increase liquidity for hiring skilled workers to improve production processes to increase competitiveness. 'Dr. Chai Chan said . Source: Thai News Agency

Cabinet approves “Wutthikrai” to be the new Permanent Secretary for Commerce.

Reporters reported that The Cabinet resolution meeting (Cabinet) approved the appointment of Mr. Wutthikrai Leeviraphan, Director-General of the Department of Intellectual Property. To assume the position of new Permanent Secretary of the Ministry of Commerce, replacing Mr. Keerati Ratchano, former Permanent Secretary of the Ministry of Commerce, who died, Secretariat Office The Cabinet is preparing to present the names to His Majesty the King according to the procedures. Biography of Mr. Wutthikrai Leeweeraphan. Currently, Mr. Wutthikrai Was the Director-General of the Department of Intellectual Property on 1 Oct. 2020, aged 58 years, born on 15 Sep. 1966, by education Graduated from Assumption College High School with a Bachelor's degree in Political Science. Chulalongkorn University and Master of Science in Administration, Boston University, USA Screenshot As for the other courses I am a student of the National Defense College (NDC), class 57, public administration and public law course. Organized by t he King Prajadhipok's Institute Senior Executive Course High-Level Prevention and Suppression of Corruption Strategy Executive Course, NACC trains the executive committee of the course for senior executives in trade and commerce. and is also the 23rd class of the Ministry of Foreign Affairs' Inspector General Course. Fiscal year 2016 Government route Started his life as a civil servant as a Commercial Academician 4, Department of Foreign Trade, in 1992, then gradually grew to the position of Director of the Electronic Commerce Division. Department of Business Development, Year 2004, Director of the Chanthaburi Narunat Institute Office of the Permanent Secretary, Ministry of Commerce, 2008 Commercial consultant Office of the Permanent Secretary, Ministry of Commerce, Year 2013) Inspector General of the Ministry Office of the Permanent Secretary, Ministry of Commerce, year 2017, Director General of the Department of Business Development, 1 Oct. 2018 - 30 Sep. 2020, and Director General of the Department of In tellectual Property, 1 Oct. 2020 - present . Source: Thai News Agency