Category: Business

Bangkok, Commerce Minister discusses Minister of Foreign Affairs of Mongolia Push forward to expand trade between each other, setting a goal that in 2027 the trade value must exceed 100 million US dollars. Thailand announces readiness to be a source of food security for Mongolia. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealed after discussion with Ms. Battsetseg Batmunkh, Minister of Foreign Affairs of Mongolia. On the occasion of visiting Thailand for the first time and expressing readiness to host the 2nd Thai-Mongolia Joint Trade Committee (JTC) meeting within 2024, in addition, both sides were pleased with the success in being able to summarize key points. of preparing a memorandum of understanding on agricultural cooperation between each other And this year marks the 50th anniversary of diplomatic relations between Thailand and Mongolia, where both sides have had close ties. In addition to exchanging participation in activities to promote trade between each other. Fi nding transportation channels that will reduce logistics costs is important in order to stimulate trade between Thailand and Mongolia to grow beyond US$100 million before 2027, as both sides have set. The first Thai-Mongolia JTC meeting was held. Thailand is ready to be a source of food security for Mongolia. By inviting Mongolia to participate in the international food exhibition. THAIFEX-ANUGA ASIA 2024 this May. Moreover, Thailand is ready to appoint an Honorary Advisor on International Trade once the selection process is complete. To promote it as one of the important factors that will create a strong environment and sustainable stability of trade and investment of the two countries. In 2023, Mongolia was Thailand's 108th trading partner, with a trade value between them of 88 million US dollars. Thailand exported 21 million US dollars to Mongolia. Important export products include paper and paper products, beverages, automobiles, equipment and components, sugar, and Thai imports from Mongolia amounted to 67 million US dollars. Important imported products include other metal ores, scrap metal, mineral water drinks. Soft drinks and spirits Automotive components and equipment Recently, a Mongolian importer (Central Investment Group LLC) traveled to Thailand to negotiate food products (rice, cooking and bakery oil, and sugar) as well as Mongolian importers. (Meat Import and Export Company) attended the trade show THAIFEX-ANUGA Asia too. Source: Thai News Agency

Bangkok, The Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce stated that despite the impact on production costs of both oil and Changing bearing rates or weather conditions cause operators throughout the system to be greatly affected. But will try to freeze the product for as long as possible. Advise the government to urgently find measures to stimulate the economy in all areas to help the business sector. This year's GDP is predicted to grow only 2.6 percent, even with digital wallets helping before the end of the year. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce, said: Even though the cost of raw materials such as diesel is likely to increase. Even though the government will not renew the measure to fix the price of diesel fuel. In addition, the problem of exchange rate fluctuation has weakened, although it has a positive effect on the price of export products increasing. Or fr om the weather this year being dry and hot for a long time, having little effect on agricultural crops but making them more expensive. This factor is considered to have a significant impact on the overall industrial sector costs of the country. And as the private sector in many industries, especially food, will probably try to help hold product prices as long as possible in order to minimize the impact on people across the country as well. However, due to the impact of such costs, the private sector wants the government to quickly find various measures to help all industrial groups so that they are not affected too much. Especially when the 2024 budget can actually come into effect, the government sector needs to expedite the disbursement of budget funds to distribute them to various areas continuously and quickly. Even though there are factors outside the country such as the war that has occurred, it still has an impact on oil prices in the world market. Therefore, the private sector does not want to see th e use of oil fund money to support oil prices again, but if the oil price structure is to be adjusted to be more fair. It would probably be more appropriate. The private sector agreed to adjust the current oil price structure to be good and consistent with reality. In addition, he also sees that the measures that the government will take to help the people through the 10,000 baht digital wallet project are things that the government has announced that they will go ahead and do with all their might. But the private sector also wants this project to reach the people at the grassroots level. To stimulate people's spending, but what we want to cover are shops that want to be small shops as well in order to stimulate all groups. Therefore, this year it is considered that there are still factors affecting many aspects. Therefore, it is expected that the Thai economy will grow only 2.6 percent, even though there will be a digital wallet project to stimulate the economy in the 4th quarter. However, the private sect or does not agree with the guidelines for increasing the minimum wage to 400 baht nationwide. Because it will greatly aggravate the costs of the Thai SME industrial sector. By increasing wages only in the tourism industry first, it is considered acceptable. Because it is a supplement to Thai tourism, it should not be affected, but if the 400 baht adjustment is to be made nationwide, it should not be implemented. As for the matter of the Prime Minister inviting 4 financial institutions to discuss and asking them to help the people reduce interest rates. It is considered that if all 4 banks can reduce interest rates for customers, it is a good thing. But I think that the next financial management approach will be the responsibility of the Bank of Thailand in its supervisory capacity. It would be better for the government to take care of the fiscal aspect so that budget money goes to all areas. Source: Thai News Agency

Hanoi: Vietnam's tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed. Tra fish export to the UAE increased impressively in January by 2.5 times to reach 4 million USD before a slowdown of 31% in February. In March, Vietnam exported tra fish to this market worth more than 2 million USD. The Vietnam Association of Seafood Exporters and Producers said the UAE mainly exported frozen fillets from Vietnam, accounting for around 93% of the country's tra fish export to this market. The UAE is a net importer of seafood products and around 90% of all food consumed in the UAE is imported. According to the Food and Agriculture Organisation of the United Nations (FAO), the UAE consumes around 220,000 tonnes of seafood products each year with a per capita consumption volume of 28.6 kilos, higher than the global average. The association said that there is significant room to expand tra fish export to the UAE, given this market's rising income and rapid urbanisation. The UAE Central Bank has lifted its forecast for the UAE economic growth rate to 5.7% from 4.3%. Each year, Vietnam exports about 22,000-24,000 tonnes of seafood products to the UAE, worth around 50-70 million USD. Frozen tra fish fillet is the most popular export product of Vietnam to the UAE. Vietnam's tra fish export was estimated at 1.8 billion USD in 2023 and expected to reach 2 billion USD this year./. Source: Vietnam News Agency

Bangkok, The Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce stated that despite the impact on production costs of both oil and Changing bearing rates or weather conditions cause operators throughout the system to be greatly affected. But will try to freeze the product for as long as possible. Advise the government to urgently find measures to stimulate the economy in all areas to help the business sector. This year's GDP is predicted to grow only 2.6 percent, even with digital wallets helping before the end of the year. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce, said: Even though the cost of raw materials such as diesel is likely to increase. Even though the government will not renew the measure to fix the price of diesel fuel. In addition, the problem of exchange rate fluctuation has weakened, although it has a positive effect on the price of export products increasing. Or fr om the weather this year being dry and hot for a long time, having little effect on agricultural crops but making them more expensive. This factor is considered to have a significant impact on the overall industrial sector costs of the country. And as the private sector in many industries, especially food, will probably try to help hold product prices as long as possible in order to minimize the impact on people across the country as well. However, due to the impact of such costs, the private sector wants the government to quickly find various measures to help all industrial groups so that they are not affected too much. Especially when the 2024 budget can actually come into effect, the government sector needs to expedite the disbursement of budget funds to distribute them to various areas continuously and quickly. Even though there are factors outside the country such as the war that has occurred, it still has an impact on oil prices in the world market. Therefore, the private sector does not want to see th e use of oil fund money to support oil prices again, but if the oil price structure is to be adjusted to be more fair. It would probably be more appropriate. The private sector agreed to adjust the current oil price structure to be good and consistent with reality. In addition, he also sees that the measures that the government will take to help the people through the 10,000 baht digital wallet project are things that the government has announced that they will go ahead and do with all their might. But the private sector also wants this project to reach the people at the grassroots level. To stimulate people's spending, but what we want to cover are shops that want to be small shops as well in order to stimulate all groups. Therefore, this year it is considered that there are still factors affecting many aspects. Therefore, it is expected that the Thai economy will grow only 2.6 percent, even though there will be a digital wallet project to stimulate the economy in the 4th quarter. However, the private sect or does not agree with the guidelines for increasing the minimum wage to 400 baht nationwide. Because it will greatly aggravate the costs of the Thai SME industrial sector. By increasing wages only in the tourism industry first, it is considered acceptable. Because it is a supplement to Thai tourism, it should not be affected, but if the 400 baht adjustment is to be made nationwide, it should not be implemented. As for the matter of the Prime Minister inviting 4 financial institutions to discuss and asking them to help the people reduce interest rates. It is considered that if all 4 banks can reduce interest rates for customers, it is a good thing. But I think that the next financial management approach will be the responsibility of the Bank of Thailand in its supervisory capacity. It would be better for the government to take care of the fiscal aspect so that budget money goes to all areas. Source: Thai News Agency

Hanoi: Vietnam's tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed. Tra fish export to the UAE increased impressively in January by 2.5 times to reach 4 million USD before a slowdown of 31% in February. In March, Vietnam exported tra fish to this market worth more than 2 million USD. The Vietnam Association of Seafood Exporters and Producers said the UAE mainly exported frozen fillets from Vietnam, accounting for around 93% of the country's tra fish export to this market. The UAE is a net importer of seafood products and around 90% of all food consumed in the UAE is imported. According to the Food and Agriculture Organisation of the United Nations (FAO), the UAE consumes around 220,000 tonnes of seafood products each year with a per capita consumption volume of 28.6 kilos, higher than the global average. The association said that there is significant room to expand tra fish export to the UAE, given this market's rising income and rapid urbanisation. The UAE Central Bank has lifted its forecast for the UAE economic growth rate to 5.7% from 4.3%. Each year, Vietnam exports about 22,000-24,000 tonnes of seafood products to the UAE, worth around 50-70 million USD. Frozen tra fish fillet is the most popular export product of Vietnam to the UAE. Vietnam's tra fish export was estimated at 1.8 billion USD in 2023 and expected to reach 2 billion USD this year./. Source: Vietnam News Agency

Bangkok, Terabyte Plus Public Company Limited, distributor of IT equipment. and providing integrated information technology infrastructure systems Ready to trade on the MAI Stock Exchange on April 24 with a securities value at the IPO price of 420 million baht, using the abbreviation "TERA" in securities trading. Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes Terabyte Plus Public Company Limited to register and begin trading on mai under the Technology Group. Using the securities trading abbreviation "TERA" on April 24, 2024. TERA, which is a subsidiary of Next Point Public Company Limited (NEX), has two 100% invested companies, namely Cluster Systems Company Limited and Skyfrog Company Limited. The group of companies operates as a Design, install, distribute IT equipment and provide services regarding large-scale, fully integrated Information and Communication Technology (ICT) infrastructure systems. Distribute and provide cyber security services, data collection and processing services on the internet network in the form of continuous membership (Cloud and Recurring Services), distribute and provide distributed transportation management system software. Product and logistics (Transportation Management System: TMS) and sells products and services, including training in data analytics (Data Analytics). The group is a distributor of leading brands of IT products such as Hewlett-Packard Enterprise (HPE), DELL Technologies, IBM, Microsoft. , AWS, VMware, Veeam, etc. In 2023, the company has the same proportion of revenue from sales to services 50 : 50%, with the majority of customers being the medium to large private sector in various business groups and as of 31 December 2023 has a value of work that has not yet been delivered in the amount of 344 million baht. TERA has paid-up capital after IPO of 120 million baht, with a par value of 0.50 baht per share, consisting of 150 million existing common shares and 90 million additional common shares, offered for sale to NEX shareholders who have the right to subscribe for shares in proportion to their shares. Hold shares (Pre-emptive Rights) not exceeding 36 million shares. Patrons of the underwriter not less than 41 million shares. Patrons of the company or subsidiary not exceeding 4.5 million shares. Directors, executives, and employees of Company or subsidiary Including those with relationships, no more than 8.5 million shares, offered for sale to all types of investors between 3 - 11 April 2024 at a price of 1.75 baht per share, representing a fundraising value of 157.50 million baht, the value of securities at the IPO price of 420 million baht. The IPO share offering price is determined as a price to net earnings per share (P/E ratio) of approximately 14.50 times. Calculate net earnings per share from net profits for the year 2023, which is equal to 28.96 million baht, divided by the total number of common shares thereafter. This share offering (fully diluted) represents a net profit per share of 0.1 2 baht, with Asset Pro Management Company Limited serving as the financial advisor. Beyond Securities Public Company Limited and CGS International Securities (Thailand) Company Limited act as underwriters and underwriters for the sale of common shares. Mr. Surasit Kiewprasopsak Chief Executive Officer of Terabyte Plus Public Company Limited (TERA) revealed that the company has operated business with over 19 years of experience and is a business partner with internationally recognized product owners. continuously coming Helps increase competitive ability There is a team of professionals with expertise. There is good service. Quickly adapt to technological changes Able to fully respond to customer needs As for the money raised from this fundraiser, it will be used to invest in Cloud systems and invest in related businesses that have potential. To support the growth of the company and use it as working capital within the business TERA's major shareholder after IPO is NEX, holding 31.88% of shares, Mr. Surasit Kiewprasopsak holds 8.61% of shares, and Mr. Jirawat Jaruthitiphan holds 7.86% of shares. The company has a policy of paying dividends to shareholders in The rate is not less than 50% of the net profit according to the company's separate financial statements. After deducting various reserves All types as required by law and as specified in the company regulations. Investors and interested parties can see details From the company's prospectus at the SEC's website at www.sec.or.th and general information of the company at www.terabyteplus.com and www.set.or.th Source: Thai News Agency

Tokyo: The advantages and potential of Vietnam's northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23. Addressing the event, Ambassador Pham Quang Hieu stressed that Japan's investments in Vietnam have been on the rise over the past years, with over 74.4 billion USD poured into 5,304 projects as of March 2024, ranking third among the 143 countries and territories investing in the Southeast Asian nation. The diplomat expressed his belief that the conference will provide a panorama picture on Lao Cai, helping the locality attract more Japanese investments. Chairman of the provincial People's Committee Trinh Xuan Truong briefed the participants on Lao Cai's incentives to investors and cleared up questions raised by the Japanese enterprises. Tsukada Manabu, Senior Director for Global Strategy (Southeast Asia) at the Japan External Trade Organisation (JETRO), highlighted Lao Cai's high growth rate as compared with others in the northern mountainous region, saying apart from agriculture and tourism, the locality boasts potential for biomass power generation and border trade with China. The conference featured the handover of memoranda of understanding between Lao Cai and Japanese firms, as well as between Vietnamese and Japanese businesses./. Source: Vietnam News Agency

Bangkok, Terabyte Plus Public Company Limited, distributor of IT equipment. and providing integrated information technology infrastructure systems Ready to trade on the MAI Stock Exchange on April 24 with a securities value at the IPO price of 420 million baht, using the abbreviation "TERA" in securities trading. Mr. Praphan Charoenprawat, Manager of the MAI Stock Exchange (mai), revealed that the mai Stock Exchange welcomes Terabyte Plus Public Company Limited to register and begin trading on mai under the Technology Group. Using the securities trading abbreviation "TERA" on April 24, 2024. TERA, which is a subsidiary of Next Point Public Company Limited (NEX), has two 100% invested companies, namely Cluster Systems Company Limited and Skyfrog Company Limited. The group of companies operates as a Design, install, distribute IT equipment and provide services regarding large-scale, fully integrated Information and Communication Technology (ICT) infrastructure systems. Distribute and provide cyber security services, data collection and processing services on the internet network in the form of continuous membership (Cloud and Recurring Services), distribute and provide distributed transportation management system software. Product and logistics (Transportation Management System: TMS) and sells products and services, including training in data analytics (Data Analytics). The group is a distributor of leading brands of IT products such as Hewlett-Packard Enterprise (HPE), DELL Technologies, IBM, Microsoft. , AWS, VMware, Veeam, etc. In 2023, the company has the same proportion of revenue from sales to services 50 : 50%, with the majority of customers being the medium to large private sector in various business groups and as of 31 December 2023 has a value of work that has not yet been delivered in the amount of 344 million baht. TERA has paid-up capital after IPO of 120 million baht, with a par value of 0.50 baht per share, consisting of 150 million existing common shares and 90 million additional common shares, offered for sale to NEX shareholders who have the right to subscribe for shares in proportion to their shares. Hold shares (Pre-emptive Rights) not exceeding 36 million shares. Patrons of the underwriter not less than 41 million shares. Patrons of the company or subsidiary not exceeding 4.5 million shares. Directors, executives, and employees of Company or subsidiary Including those with relationships, no more than 8.5 million shares, offered for sale to all types of investors between 3 - 11 April 2024 at a price of 1.75 baht per share, representing a fundraising value of 157.50 million baht, the value of securities at the IPO price of 420 million baht. The IPO share offering price is determined as a price to net earnings per share (P/E ratio) of approximately 14.50 times. Calculate net earnings per share from net profits for the year 2023, which is equal to 28.96 million baht, divided by the total number of common shares thereafter. This share offering (fully diluted) represents a net profit per share of 0.1 2 baht, with Asset Pro Management Company Limited serving as the financial advisor. Beyond Securities Public Company Limited and CGS International Securities (Thailand) Company Limited act as underwriters and underwriters for the sale of common shares. Mr. Surasit Kiewprasopsak Chief Executive Officer of Terabyte Plus Public Company Limited (TERA) revealed that the company has operated business with over 19 years of experience and is a business partner with internationally recognized product owners. continuously coming Helps increase competitive ability There is a team of professionals with expertise. There is good service. Quickly adapt to technological changes Able to fully respond to customer needs As for the money raised from this fundraiser, it will be used to invest in Cloud systems and invest in related businesses that have potential. To support the growth of the company and use it as working capital within the business TERA's major shareholder after IPO is NEX, holding 31.88% of shares, Mr. Surasit Kiewprasopsak holds 8.61% of shares, and Mr. Jirawat Jaruthitiphan holds 7.86% of shares. The company has a policy of paying dividends to shareholders in The rate is not less than 50% of the net profit according to the company's separate financial statements. After deducting various reserves All types as required by law and as specified in the company regulations. Investors and interested parties can see details From the company's prospectus at the SEC's website at www.sec.or.th and general information of the company at www.terabyteplus.com and www.set.or.th Source: Thai News Agency