Category: Business

SET, TERA shares opened for trading on the first day above reserve at 3.90 baht, an increase of 2.15 baht, accounting for 122.8% from the IPO price of 1.75 baht. Mr. Praphan Charoenprawat, Manager of the Market for Alternative Investment (mai), and Mr. Surasit Kew Prasopsak Chief Executive Officer of Terabyte Plus Public Company Limited attended the trading opening ceremony. First day of securities on the stock exchange in the MAI securities market of Terabyte Plus i Public Company Limited under the technology group Using the trading abbreviation "TERA" today (April 24), the first day of trading opened at a price of 3.90 baht, an increase of 2.15 baht, representing 122.8% from the IPO price of 1.75 baht. TERA is a subsidiary of Next Point Public Company Limited (NEX). There are 2 100% invested companies, namely Cluster Systems Company Limited and Skyfrog Company Limited. The group operates as a designer. Install and distribute IT equipment and providing services regarding large-scale, integrated informatio n and communication technology (ICT) infrastructure systems. The IPO price is 1.75 baht, representing a fund-raising value of 157.50 million baht. The security value at the IPO price is 420 million baht, representing a price-to-net-earnings-per-share ratio (P/E ratio) of approximately 14.50 times. The money raised from this fund-raising will 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. Source: Thai News Agency

Bangkok, SET invites entrepreneurs in target industries to prepare to enter the capital market and learn through the 'New S Curve to Capital Market Project' July-Oct. 2024. Lifefincorp Company Limited, under the Stock Exchange of Thailand (SET) group, together with the Center of Excellence in Life Sciences (Public Organization) (TCELS) National Innovation Agency (Public Organization) (NIA) and KPMG Thailand invite entrepreneurs in target industries including Life Science, High Technology, and High Growth to join the 'New S Curve to Capital Market Project' to learn through 4 courses, including Technical courses. Skills for Life Science, Business Innovation and Growth course, Accelerating New S Curve Business Success with Right Roadmap course and Unlock Your Business to Capital Market course through Workshop, Networking and One-on-One Coaching throughout 4 months (July-Oct. 2024), which was honored by expert speakers to share knowledge and techniques in business operations. Management skills Preparation for f undraising for growth Interested entrepreneurs Study details and apply to join the 'New S Curve to Capital Market Project' from today - 10 May 2024 at https://www.live-platforms.com/th/newscurve2024/ . Source: Thai News Agency

Nonthaburi, Minister of Commerce Announcement of the best Jasmine rice and Thai rice of the year Supporting farmers and mills to maintain high quality Expand the market around the world Pointing out that last year rice exports reached 8.76 million tons, the highest in 5 years, with jasmine rice still maintaining good export levels despite higher prices than competitors. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Presiding over the announcement of results and award ceremony of the Thailand Jasmine Rice Contest 2023 (41st time) and the Outstanding Quality Rice Contest of Thailand 2023, organized by the Department of Internal Trade. To find and preserve Thai excellent quality jasmine rice. Promote the cultivation of good quality jasmine rice. and create a model for farmers Responding primarily to the needs of consumers who prefer high quality news. There is also a marketing connection for farmers who win the contest to add value, create income, and expand distribution channels for farmers and agricultural institutions in a sustainable way. Rice is the main economic crop of Thailand. Involving more than 4.7 million farmer households And people in most countries consume rice as their main food. Reflects the food and economic security of the country. Including being involved with many farmer brothers and sisters. The government through the Ministry of Commerce recognizes the importance of Thai farmers who are the backbone of the nation, implementing policies, developing, supporting and promoting farmers. Under the principle of "market leading, additional innovation, increasing income" so that farmers have increased income. Jasmine rice is considered a rice in the premium rice market that is famous for its unique identity. It has long, slender, beautiful seeds. It has a shiny color. When cooked, it has an aroma similar to the smell of pandanus leaves. Soft and smooth taste Therefore, it is the most popular among consumers both in Thailand and abroad. Even though the price is higher than o ther types of rice, it is still in demand in the market. In order to maintain quality continuously Policy upgrading in both production and quality control is therefore necessary. To build confidence for consumers and for Thailand to remain as the world's premier source of production and export of jasmine rice. Thailand is an important producer of rice in the world. However, in 2023, Thailand was able to export rice as high as 8.76 million tons, considered the highest in the past 5 years, valued at over 178,135 million baht, an increase of 28 percent over last year. Jasmine rice still maintains Export levels are good even though prices are higher than competitors. The export volume in 2023 is at 1.32 million tons, an increase of 5.6 percent from 2022. Important export markets include the United States, China, Canada and Hong Kong, having traveled to many countries and gaining appreciation for Thai rice. Whether it is China in many provinces, the United States and many other countries. Everyone praises it even though the price is higher than other places. But you can still feel the specialness of Thai jasmine rice. Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade, said that Today's Thailand Jasmine Rice Contest is divided into 2 categories: individual farmer category and types of farmer institutions This time, farmers growing jasmine rice from 22 provinces in the northeastern and northern regions submitted a total of 967 rice samples to the contest and also brought samples of white rice from those who applied to participate in the contest. Academic rice quality inspection both chemical and physical Sent to the contest judges both at the provincial and national levels for consideration and selection until a total of 21 winners were awarded, divided into 18 individual farmers and 3 from farmer institutes, as honorary plaques and certificates of honor. With prize money totaling more than 625,000 baht, the Deputy Prime Minister and Minister of Commerce presented awards to farmers and mill o perators. Producer of quality rice Winners of the Thailand Outstanding Quality Rice Contest 2023 include 11 awards in various categories such as jasmine rice, Thai fragrant rice, and long-grain glutinous rice. For the list of winners of the Thailand Jasmine Rice Contest for the year 2023 includes: Types of individual farmers include: First prize: Mr. Narong Chanthung, Ubon Ratchathani Province 1st runner-up award, Mrs. Chansombong, Phayao Province 2nd runner-up award: Mr. Surian Sanglai, Surin Province Types of farmer institutions include: First prize Naked Jasmine Rice Community Enterprise, Village No. 5, Muang Thong Subdistrict, Roi Et Province 1st runner-up award, Agricultural Cooperative for Customer Marketing, BAAC, Nakhon Phanom Company Limited, Nakhon Phanom Province 2nd runner-up award, Community Rice Center, Organic Rice, Mae O Subdistrict, Chiang Rai Province At the event, there was an MOU to buy and sell jasmine rice in advance at market prices. Higher than the market price of 500 baht/ton , 6 pairs, more than 343.4 tons, to ensure that high quality rice has a market to support. For those interested, more information can be found at Department of Internal Trade website www.dit.go.th or Line@ MR.DIT . Source: Thai News Agency

Hanoi: The State Securities Commission of Vietnam (SSC) recently held an online working session with the World Bank (WB) and the Asia Securities Industry and Financial Markets Association (ASIFMA) to discuss ways to remove obstacles related to criteria for upgrading the Vietnamese securities market. Co-chaired by SSC Chairwoman Vu Thi Chan Phuong and Senior Financial Sector Specialist of the WB in Vietnam and Coordinator of the Financial Sector Programme Ketut Kusuma, the event focused discussions on the contents of the draft decree amending and supplementing certain provisions on securities trading, transaction clearing and settlement, operations of securities companies and market information disclosure. Speaking at the event, Phuong said the draft decree has undergone in-depth consultation through various channels, including the SSC's website, seminars, and working sessions with domestic and foreign experts. Feedback from ASIFMA members at the meeting is particularly valuable, as it will help refine the draft decree to align with international practices, she said. The session addressed critical issues, such as pre-funding requirement, payment processing procedures for foreign investors, and overall settlement capability of the Vietnamese market. By addressing these concerns, the SSC hoped to create a more attractive and efficient market for both domestic and foreign investors, ultimately paving the way for Vietnam's securities market to have its status lifted from "frontier" to "emerging"./. Source: Vietnam News Agency

Bangkok, DEPA joins with 3 professional associations to continue increasing energy efficiency and renewable energy. Aiming to create strong professional standards in energy conservation and renewable energy. Prepare to produce more than 1,400 energy personnel to drive efficient and environmentally friendly sustainable energy use. Mr. Watthanaphong Kurovat, Director-General of the Department of Alternative Energy Development and Efficiency, revealed that the Department of Alternative Energy Development and Efficiency (DEPA) has organized a signing ceremony for a memorandum of understanding (MOU) to support and develop energy efficiency. and alternative energy Between the Thai Electric Generator Association by Mr. Thawatch Meechai, President of the Thai Electric Generator Association Building Inspectors Association by Dr. Pitchaya Chandranuwat President of the Building Inspectors Association and the Electrical Lighting Association of Thailand By Assistant Professor Dr. Pathomthat Jiradecha, President of the E lectrical Lighting Association of Thailand, at the Chaloem Phrakiat Energy Conservation Building. Pathum Thani Province Mr. Watthanaphong said that this signing is a continuation of cooperation between the 4 agencies, continuing from the end of the original memorandum of understanding. The main issue is to support and develop energy efficiency and renewable energy. In terms of operational standards Database system Knowledge support Personnel development for engineers, architects, building and factory administrators Building and factory officials responsible for energy Energy management auditor and certifier building inspector Energy conservation assessor Controlled Energy Production System Inspector and the general public to lead to efficient and environmentally friendly energy use. The first activity that will occur from this cooperation is a training course on 'Creating a Controlled Energy Production System Inspection Model' in the case of controlled energy production from generators and solar energy in o rder to develop energy efficiency standards for controlled electricity generation. Transferring energy knowledge and technology and sharing information Energy use for the business sector and industry and personnel development organized training for inspectors of controlled energy production systems to increase their knowledge and understanding of the criteria. Methods and conditions for inspecting and preparing a controlled energy production system inspection report. To provide opinions in considering the issuance of licenses to produce controlled energy from generators and solar energy. Including developing energy efficiency standards and disseminating knowledge about building construction design or building modification for energy conservation to the business and industrial sectors. Last year, a total of 181 people passed the training, with the DEPA aiming to produce more than 1,400 controlled energy production system inspectors in order to be sufficient and keep up with the energy saving trend. Producing a nd using alternative energy, such as installing solar rooftops, producing energy from biogas systems. of establishments, etc. Source: Thai News Agency

Nonthaburi, Director-General of the Department of Business Development revealed that in the first quarter of 2024, foreigners invested 35,902 million baht in Thailand. Japan was the number one investor with 19,006 million baht, followed by Singapore with 3,294 million baht and France with 3,236 million baht, employing 849 Thai people. Mrs. Oramon Sapthaweetham Director-General of the Department of Business Development revealed that in the first quarter of 2024 (January-March) foreigners will be allowed to invest and conduct business in Thailand. Under the Foreign Business Act B.E. 2542, there were 178 cases, of which 53 were investments through the application for foreign business licenses and requesting a foreign business certificate. (via investment channels according to the investment promotion law or is permitted according to the law on the Industrial Estate Authority of Thailand and exercising rights according to treaties or international agreements) totaling 125 people, total investment of 35,902 mill ion baht, employing 849 Thai people. The top 5 foreigners who invested are: 1. Japan, 40, accounting for 22% of the number of foreign businesses in Thailand, investment of 19,006 million baht in businesses such as advertising business, service business, procurement and installation of equipment for manufacturing factories. Cetyline Black Business providing services for producing electricity from solar energy Product manufacturing service business (Fiber optic equipment parts/Automobile parts/Metal parts) International trade business It is the procurement of products, raw materials, and parts for various industries. 2. Singapore: 32 companies, accounting for 18% of the number of foreign businesses in Thailand, investment of 3,294 million baht in businesses such as health rehabilitation center services. Electronic commerce business (e-Commerce) by using the deposit system for buying and selling goods and services. Software development service business for sale and/or service. Service business provided to affi liated companies. or companies in the group (Accounting services/Marketing planning and product promotion services/Debt guarantee services) Product manufacturing service business (Molds and jigs/vehicle parts/bioplastic products) 3. United States: 29 companies, accounting for 16% of the number of foreign businesses, investment of 1,048 million baht in businesses such as engineering service businesses. Brokerage and agent business in purchasing, sourcing, and distributing products (Electronic tools and equipment/computers/jewelry) Retail business (Instant food and beverages/industrial machinery) Business of coordination, management, and consulting services. and provide information in various fields About coverage according to insurance policies Product manufacturing service business (Car steering wheel/DRUM BRAKE ASSEMBLY) 4. Chinese 20 companies, accounting for 11% of the number of foreign businesses, investment of 2,886 million baht in businesses such as service businesses provided to affiliated companies. or companies in the group (Factory building space rental service) Product manufacturing service business (moulds/plastic parts for industry/flavours and flavorings) metal cutting service business (Coil Center) software development service business for sale and/or service business providing sub-franchise rights service business (Franchising) to operate the business of selling food and beverages. 5. Hong Kong: 11 companies, accounting for 6% of the number of foreign businesses in Thailand, investment of 1,017 million baht in businesses such as retail business. (Injection molding machine) International distribution center service business with modern systems Product manufacturing service business (Automotive spare parts and components/components made from aluminum) International trade business It is the procurement of products, raw materials, and parts for various industries such as electrical appliances. and electronics, etc., for wholesale in the country Business providing advice, guidance and management in t he management of restaurants and cafes. In this regard, it can be considered that the entry of foreigners into conducting business in Thailand in the past Especially in the above industries Helps to transfer technology, which is specialized knowledge from investing countries to Thai people, such as knowledge about safety in using gas measuring machines. Knowledge about electrical and electronic system design technology in electric rail projects Knowledge about knowledge in designing engineering products Knowledge about intelligent warehouse management systems, etc. However, when compared to the same period last year (January - March 2023), it was found that foreigners were allowed to invest in doing business in Thailand, increasing by 4 cases or an increase of 2% (January - March 2024, 178 cases were allowed / January - March 2023 allowed 174 cases) and the investment value increased by 2,854 million baht or an increase of 9% (January - March 2024 invested 35,902 million baht / January - March 2023 invested 33,048 million baht) while hiring Thai jobs decreased by 1,083 people or a decrease of 56% (January - March 2024, employing 849 people / January - March 2023, employing 1,932 people) with the highest number of incoming investors still being Japanese investors, as well as year ago For investment in the EEC area, in the first quarter of 2024, there were 56 foreign investors interested in investing in the EEC area, accounting for 31% of the number of foreign investors in Thailand. This increased from the same period last year, numbering 25, or an increase of 81% (January - March 2024, investing 56 people / January - March 2023, investing 31 people) and has an investment value in the EEC area of ??11,629 million baht, calculated is 32% of the total investment An increase from the same period last year of 8,365 million baht or an increase of 256% (January - March 2024 investment 11,629 million baht / January - March 2023 investment 3,264 million baht) are investors from *Japan, 12 investors invested. 995 million baht *China 12 companies invest 924 million baht *Singapore 8 companies invest 898 million baht and other countries 24 people invest 8,812 million baht etc. Source: Thai News Agency

Bangkok, The Bank of Thailand does not oppose Digital Wallet, but if possible I would like to be specific to the group that is having difficulty. Worth the budget Points out that reducing interest rates is not the main tool to solve debt. Helps reduce short-term debt burden But the outstanding debt has increased in the long term. Ready to keep an eye on the Thai Bankers Association meeting this evening. Dr. Piti Disayathat, Assistant Governor Monetary Policy Line The Bank of Thailand (BoT) said at the Monetary Policy Forum No. 1/2024 after the Monetary Policy Committee (MPC) voted 5 to 2 to maintain the policy interest rate. at 2.50 percent per year on April 10, 2024, stating that interest is not the main tool for solving debt problems. It's just to help alleviate the problem. which in foreign countries Even though the flowers are reduced But it cannot solve the problem of high debt. Main factors to solve debt Must increase income from non-interest related forces such as improved exports Higher production. The MPC is ready to adjust interest rates. But we have to see if there are any big factors. Come in or not? And how sustainable is the impact? Is there enough impact on policy to make an adjustment? 0.25-0.50 doesn't have much effect on the big picture. In the case of the Thai Bankers Association Schedule a meeting this evening. After four banks representing the Thai Bankers Association met with the Prime Minister yesterday (April 23), if the focus is on helping vulnerable groups It is in line with the guidelines of the National Bank. to take care of this group since after COVID Depends on the Thai Bankers Association What measures will be taken? If it helps vulnerable groups, it's a good thing. It's a matter of market mechanisms. As for the 10,000 baht top-up project via Digital Wallet, the Bank of Thailand has no objections to the overall project. that the government will have measures to stimulate the economy But the matter of format, if possible I'd like to be specific. Help only groups that are in trou ble Worth the money and save budget and according to the framework that should be As for the action in which the government will use the financial resources from the BAAC, it must first be submitted to the Royal Decree for clear interpretation as to whether the financial resources can be used according to Section 28 of the Monetary and Fiscal Discipline Act or not. and depends on the BAAC board. The BoT is responsible for supervising general financial matters. does not have the authority to decide whether it can be done or not While Mr. Surat Thanboon, Senior Director The Monetary Policy Department of the BoT stated that the interest rate cut To help solve debt problems Helps reduce debt burden only in the short term. But it will result in an increase in outstanding debt in the long run. and increased debt Bank of Thailand Affects long-term economic growth, causing the Bank of Thailand to view that the current interest rate level of 2.50% is appropriate to help strengthen economic stability and support long -term risks. Source: Thai News Agency

Bangkok, RATCH Group Public Company Limited announced the appointment of Mr. Nitat Woraponpipat as Managing Director. Effective from 1 May 2024 Mr. Nitat Woraponpipat is considered a person with knowledge. Expertise and work experience covering all activities of the electricity generation business value chain, both fossil fuel and renewable energy types. as well as research and development of innovations and technologies that support the energy transition and support the goal of carbon neutrality and net zero greenhouse gas emissions. It will be integrated to determine the direction and growth strategy of the company. Both economic value Shared values ??that are passed on to society and environment as well as moving forward towards the company's carbon neutrality goal in 2050. Before assuming the position of Managing Director of RATCH Group, Mr. Nitat was assigned to serve in important positions. of the Electricity Generating Authority of Thailand, including the Deputy Governor of Fuel Assistant Governor f or Organizational Strategy Director of Electrical System Planning Director of Power Purchase Contracts Department In addition, he has been assigned to act as Chairman Technical Task Force No.3 Commercial Arrangement of the electricity integration project from the Lao PDR. Laos to Singapore via the transmission system of Thailand and Malaysia (Laos, Thailand, Malaysia and Singapore Power Integration Project: LTMS-PIP) Mr. Nitat is currently 53 years old and graduated with a Doctor of Philosophy degree. Department of Electrical Engineering Master of Engineering Department of Electrical Engineering and Bachelor of Engineering Department of Electrical Engineering from King Mongkut's University of Technology North Bangkok. In addition, he has also passed training courses in organizational leadership and administration, including the Director Certification Program (DCP 333/2023) and the Association's Successful Formulation and Execution of Strategy (In-house SFE EGAT 1/2020) course. Promote the Thai Institute of D irectors, Leadership Succession Program, Class 11, Foundation of the Research and Development Institute for Public Organizations Security Psychology Course, Class 119, Security Psychology Institute National Defense Studies Institute, etc. Source: Thai News Agency