Indonesia News Gazette

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 SEC revealed that in the first quarter of 2024, it has prosecuted 14 cases of corruption against listed companies and unfair trading or stock manipulation. As for civil cases since 2017, perpetrators have been agree More than 1,566 million baht has been paid back to victims.

Mr. Anek Yuyuen, Deputy Secretary-General and Spokesperson of the Securities and Exchange Commission (SEC), revealed at the April 2024 media briefing that the SEC currently has 2 matters in progress. It is 1. Regarding the enforcement of past laws and starting to see results including various lawsuits. 2.About the development of the capital market By enforcing the law in the first quarter of 2024, 14 cases have been prosecuted against offenders, such as corruption cases of listed companies. Unfair trading or stock manipulation, of which 14 such cases are divided into 11 cases of accusations against investigators, while the other 3 cases are civil actions. However, since 2017, there have been 61 civil cases punished. There a
re people 241 people committed crimes, which the perpetrators have agreed to comply with, which is to pay back more than 1,566 million baht to the victims, and of these, there are 25 cases that have not complied, but 18 cases have already been filed, while the other 7 cases are pending. File a lawsuit

As for capital market development, the SEC will bring technology to use in the capital market. Improving the rules for trading digital tokens in soft power businesses such as music and drama businesses will help support influencers, songwriters, and filmmakers, which will be a mechanism for the economy to improve. It is expected that This May we will be open for comments. For investment scams this year From January to March There are 300-400 whistleblowers per month, so far there are more than 1,000 cases. The SEC has measures to block websites, Facebook, TikTok and Instagram. The fastest within 15 minutes or the slowest within 24 hours.

Source: Thai News Agency

Bangkok, GPSC joins hands with Seaborg from Denmark to study opportunities for developing clean energy with SMR technology. It is expected to study the feasibility within 4 years.

Mr. Worawat Pittayasiri, Chief Executive Officer and President of Global Power Synergy Public Company Limited or GPSC, the innovation leader in the electricity business of PTT Group, revealed that GPSC has signed a cooperation agreement with Seaborg Technologies Company. ApS, developer of SMR (Small Modular Reactor) technology, Denmark. To study the feasibility of developing SMR power plant technology, which is a technology that is highly safe. Does not release carbon dioxide into the atmosphere Therefore, it is an important alternative for producing additional clean energy from renewable energy sources in Thailand. which will answer the need for environmentally friendly electricity production The study will take approximately 4 years (between 2024-2027).

For this cooperation Both sides will jointly study the possibility. Covers
technology, safety, environment, law, risk factors, marketing and business development. including guidelines for infrastructure development and the appropriateness of the location and size of the electricity generating unit, approximately 200-800 megawatts, along with learning and exchange technological knowledge with each other To prepare both organizations for implementing the SMR power generation unit project in Thailand along with creating understanding with all sectors. Both government agencies Regulatory unit including the social sector and the public to build confidence and understanding of effective management systems

It is very important to study the feasibility of SMR technology. In addition to studying the feasibility of hydrogen technology (Hydrogen) and carbon dioxide capture technology (Carbon Capture and Storage – CCS) that GPSC is already conducting.

Source: Thai News Agency

Bangkok, The NACC has resolved to determine the basis of the crime. There is reason to suspect that the former PTTEP board member and the Rolls-Royce Energy System group have the right to enter into a contract with PTTEP to purchase “Arthit” platform equipment in 2004. -2008 and confiscated the property of “Phaophadet Worabutr”, former deputy general manager. It was discovered that he had received a bribe worth approximately 10 million baht.

Mr. Niwatchai Kasemmongkol, Secretary-General of the National Anti-Corruption Commission (NACC), as spokesperson for the NACC, announced that the NACC has resolved to determine the basis of the offense. In the case where there is reasonable cause to suspect that Mr. Chitphong, a director of PTT Exploration and Production Public Company Limited or PTTEP, in his capacity as the chairman of the ad hoc subcommittee, and his associates facilitated the Rolls-Royce N Company. Nergy System has the right to enter into a contract with PTTEP to purchase Feed Gas Turbine Compressor
equipment for the central production platform of Project PTT (Project PTT Arthit).

The said case is due to The U.S. Department of Justice has investigated bribe payments made by Rolls-Royce plc and its subsidiaries. to government officials in many countries and in making an agreement to delay the lawsuit This includes the implementation of PTTEP’s Sunday project, for which Rolls-Royce hired an intermediary. and pay a portion of the commission It was a bribe to PTTEP officials in order to have the right to enter into the contract for the said project. The NACC therefore raised reasonable grounds to investigate. and found that during the year 2004-2008 PTTEP has built a production platform in the middle of the Arthit project. Located in the Gulf of Thailand and an air compressor powered by a gas turbine engine is provided. For use in feeding gas from the source into the production process of 2 machines, budget amount 27,000,000 US dollars or approximately 1,000 million baht. The PTTEP Board of Directors resolv
ed to assign an ad hoc sub-committee consisting of Mr. Chitphong, Mr. Chulasingh and Mr. Anucha are the authorized persons in giving approval.

In the procurement process, Mr. Phaophadet Worabutr, when he was the Deputy General Manager of Offshore Area (TOA), hastened to issue invitation letters to companies that will participate in the bidding, including Rolls-Royce Company, before The Procurement Committee of PTTEP Company gave its approval. In addition, in considering and approving the order of the ad hoc sub-committee. The decision was made to approve in principle the order. With comments to prepare price comparison figures that are most beneficial to the company. proposed the meeting to consider again, but Mr. Marut, President and Secretary of PTTEP, rushed to report to the Board of Directors’ meeting that the ad hoc sub-committee unanimously approved the purchase of Feed Gas Turbine Compressor from the company. Rolls-Royce, even though the ad hoc sub-committee only approved in principle the order. Inclu
ding Mr. Chitphong, Mr. Chulasingh and Mr. Anucha, who were members of the ad hoc subcommittee and were present at the said meeting, they did not object or explain the details of the resolution of the ad hoc subcommittee in any way.

The situation therefore aims to prevent fair price competition. To facilitate Rolls-Royce Company to have the right to enter into a contract with PTTEP Company to order 2 Feed Gas Turbine Compressors with a total procurement value of 24,663,303 US dollars (approximately 900 million baht).

By Mr. Phao Phadet receive benefits In return from Rolls-Royce, the commission was paid into a bank account in Singapore. and later transferred to Mr. Paophadet’s close people, a total of 300,543 US dollars, or approximately 10 million baht, which is the receipt of assets that were not legally appropriate. Caused damage to PTTEP. Therefore, the NACC considered and resolved that the actions of Mr. Chitphong, Mr. Anucha and Mr. Marut had criminal grounds according to the Act. Act on offenses of e
mployees in organizations or government agencies, 1959, section 8 and section 11, and the Act on offenses related to bidding for government agencies, 1999, section 12 and acts of Mr. Marut There is grounds for serious disciplinary misconduct.

As for the actions of Mr. Paophadet Worabutr, they have criminal grounds according to the Act on Offenses of Employees in Government Organizations or Agencies 1959, Section 6, Section 8 and Section 11 of the Act. For offenses related to bidding for government agencies, 1999, Section 5 and Section 12, Anti-Money Laundering Act 1999, Section 5 (1) and (2), together with Section 60 and the Act. Concerning the Prevention and Suppression of Corruption, 1999, Section 103 includes Section 122 and contains grounds for serious disciplinary offenses.

while the actions of the other accused From the investigation, there were no facts and evidence that could be heard to show that the alleged offense had been committed. The accusation is baseless. Let the charges be dropped. As for
Mr. Chulasingh Wasantasingh, he has already died. The right to bring a criminal case will be suspended, so the case will be removed from the registry.

by committee NACC to submit report Proceedings of the inquiry documentary evidence electronic copy and the decision will be sent to the Attorney General To prosecute criminal cases and submit reports and investigation documents documentary evidence and decision to the commander to take disciplinary action According to the said offense according to the Prevention Act. and suppressing corruption 2018, Section 91 (1) (2) and Section 98, as the case may be.

Please notify the Attorney General. Make a request to the court which has jurisdiction to consider the case. Confiscation of bribe assets totaling 300,543 US dollars in accordance with the Act on Prevention and Suppression of Corruption B.E. 2018, Section 83 and Section 84, together with Section 93.

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

Bangkok, BAAC holds 17,239 prizes for the Pay Dee Mee Chok project, worth 208 million baht, giving luck and building morale in repaying debts to farmers. Distributed to both pickup trucks Motorcycle and Gift voucher

Mr. Sunan Phongprayoon, Assistant Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), presided over the 2nd Regional Pay Dee Meechok Award Ceremony to encourage and motivate customers to change their payment behavior. debt Leading to a sustainable solution to the household debt problem. According to government and BoT policy, with customers repaying their debts during January – March 2024, 1.63 million will be eligible to win a chance to win a total of 17,239 prizes.

Consisting of Toyota Hilux Revo Z edition pickup trucks, 21 prizes, Yamaha Finn UBS version 2023 motorcycles, 45 prizes, and BAAC gift vouchers valued at 100,000 baht, 63 prizes, valued at 30,000 baht, 1,170 prizes, valued at 10,000 baht, 6,390 prizes, and valued at 5,000 baht. 9,550 awards worth 208 million b
aht. Every award from BAAC aims to support in promoting careers. Bringing good fortune to reduce debt burden and building financial immunity

For example, pickup trucks are used to transport agricultural products, BAAC gift vouchers are used to pay off BAAC loans, both for repaying debts of oneself or those in the family. Used to purchase various BAAC products or services, such as savings lottery, digital lottery, life support deposit products. Buy products in A-Shop

BAAC will announce the names of lucky winners via the BAAC Mobile application, www.baac.or.th website and post the announcement at BAAC branches nationwide within 15 days after the prize draw. Customers who participate in the prize draw in each round will receive only 1 prize of the highest value and can contact to confirm their rights at the BAAC branch that entered into the loan contract. By bringing your ID card, house registration along with 1 copy to confirm within business days and hours within 90 days after the names are announced.

There
fore, we invite customers to join us in changing behavior and maintaining discipline in repaying debts. Plus get a chance to win with the Pay Dee Mee Chok project. With interest paid for every 1,000 baht, you will get 1 – 3 rights to win prizes. The faster you pay, the more rights you get. which such rights It will be drawn as a regional prize every quarter, a total of 3 times, and a national grand prize draw once, with a total prize value of over 479 million baht. In the next lucky draw. The prize draw is scheduled for July 24, 2024.

Source: Thai News Agency

Bangkok, EGAT together with Lao Electricity State Enterprise, Chiyoda Company and Mitsubishi Company signed a memorandum of cooperation to study and develop the use of renewable energy certificates. To produce green hydrogen (Green hydrogen) and ammonia. in areas with potential in Thailand Moving forward with green energy, heading towards Carbon Neutrality and Net Zero Emission.

The Electricity Generating Authority of Thailand (EGAT), Lao Electricity State Enterprise (EDL), Chiyoda Corporation (CYD), and Mitsubishi Company (Thailand) Ltd. (MCT) signed a memorandum of cooperation (MOC) to study and develop methods. Take advantage of cross-border Renewable Energy Certificates (RECs) to import renewable energy electricity from the Lao People’s Democratic Republic (Lao PDR) to produce green hydrogen (Green hydrogen) and ammonia. in potential areas of Thailand including studying hydrogen business opportunities and green ammonia both in Thailand and abroad, with Mr. Debarat Theppitak, Governor of EGAT, Mr. Wongsa
kul Yingyong, Managing Director of EDL Company, signing along with Mr. Yasuhiro Inoue General Manager – Hydrogen Business Department, CYD and Mr. Kazuhiro Watanabe Senior. Vice President, MCT signed as a witness at the Auditorium, EGAT 50th Anniversary Building, EGAT Head Office, Nonthaburi Province.

Mr. Debarat Theppitak, Governor of EGAT, said that signing this time Following the signing of a cooperation agreement with leading Japanese companies in 2023 to study and develop a project to produce hydrogen and clean ammonia in potential areas, EGAT found that the cost of electricity from renewable energy is a factor that It has a significant effect on the price of hydrogen. EGAT therefore has an idea to study the utilization of hydroelectric power production in Lao PDR and if the cost of clean energy for the green hydrogen production project in Thailand decreased This will keep the price of hydrogen produced at a competitive level in both the domestic and international markets. Continuously push for the devel
opment of hydrogen-related projects. Promote the use of clean energy to reduce carbon dioxide and greenhouse gas emissions. To achieve the country’s Carbon Neutrality and Net Zero Greenhouse Gas Emissions goals sustainably.

Mr. Wongsakul Yingyong, Managing Director of EDL Company, revealed that Lao PDR has the potential to be a source of renewable energy production. And there is an electrical network connected to EGAT. EDL is a state enterprise of the Lao PDR that has a role in planning the electrical system and overseeing the country’s electrical energy security. This cooperation presents a good opportunity for the development of renewable energy through the study and application of RECs in green hydrogen and ammonia projects. It also promotes work and international relations. To move towards green energy in the future together

Mr. Yasuhiro Inoue General Manager – Hydrogen Business Department (Mr. Yasuhiro Inoue General Manager Hydrogen Business Department) CYD representative said that CYD, as a global eng
ineering company, is willing to support technical cooperation. To take part in the development and expansion of clean energy in Thailand, Laos, and Japan in the future.

Mr. Kazuhiro Watanabe Senior Vice President (Mr. Kazuhiro Watanabe, Senior Vice President), representative of MCT, said that this study marks another step in expanding and completing the development of green hydrogen and ammonia production. in potential areas of Thailand Through importing renewable energy from Lao PDR using the RECs mechanism, which will help improve competition. This cooperation will create a source of green hydrogen production within the country. This will affect the development of clean energy in the region. That will be part of the move towards carbon neutrality that the world has a common goal for in the future.

Source: Thai News Agency

Bangkok, Shopee reveals that 79% of GEN Z shoppers trust online e-commerce platforms to choose quality products.

Shopee (Shopee) e-commerce platform Reveal information The latest about Gen Z shopper behavior is a rapidly growing group of people. in online shopping through e-commerce platforms According to an online shopping survey, 68 percent of Gen Z shoppers visit an e-commerce platform before making a purchase. The online shopping behavior of GEN Z shoppers takes into account product research. Product reviews and demos Trust from a trusted brand Including price information before deciding to buy.

It is considered that 79 percent of the GEN Z group trusts e-commerce platforms for online shopping. Because they offer quality products along with a smooth shopping experience. good customer service and payment methods Convenience is another factor that Gen Z shoppers in Thailand value.

Proportion: 74 percent of this group of shoppers Search for products and order products, complete on one e-commerce platform
. Because shoppers receive a superior shopping experience by looking at reviews. Coupled with good customer service, this group of shoppers is very satisfied in terms of their experience before and after purchasing products. While 50 percent of GEN Z shoppers search for products on social commerce but decide to buy products on e-commerce platforms.

From the report of The Future of Shopping: Engaging Generation Z Shoppers in the Digital Era, it is also revealed that 73 percent of GEN Z shoppers in Thailand are interested in ‘fashion products’, making Shopee aware of their shopping behavior. with products in this category It is considered a group worth watching in the fashion product group. We found interesting insights from Shopee insights in the first quarter of 2024, such as shirts, long jeans, and watches.

Karan Ambani, Business Director, Shopee (Thailand), said that GEN Z is a group of users who grew up with the online world. and is considered an important force that will drive the digital economy. Not o
nly in Thailand but on a global level. Shopee, as the number 1 e-commerce platform leader, therefore delivers the experience Aiming to stop development new initiatives To best serve our users.

Source: Thai News Agency