Category: Trading

Bangkok, Secretary-General of the Eastern Special Development Zone Policy Committee (EEC) or EEC signs an MOU with the Bank of America. Attract US investors Enter the EEC area

Dr. Chula Sukmanop, Secretary-General of the Eastern Special Development Zone Policy Committee (EEC) or EEC, and Ms. Orankanya Phibuntham, President of Bank of America, Thailand Branch. Participated in the signing of a memorandum of understanding (MOU) between the Office of the Basic Education Commission and the Bank of America. Thailand branch, with Ms. Lisa Clyde, BofA, Managing Director and Global Head of Corporate Banking and Leasing, along with executives from both agencies participating.

The signing of this MOU is considered to be the creation of a strategic cooperation network between the Office of the Basic Education Commission and the Bank of America. which is a leading financial institution with expertise and a world-class customer base There is a global network of financial, investment, and financial advisory services from
banks. The goal in this cooperation To build confidence and invite investors from the United States to enter the EEC area, especially in important cluster industries such as medicine and healthcare, digital, aviation, and logistics, etc.

by Bank of America has shown commitment to support the vision of the EEC through investment support mechanisms Both geo-strategic aspects of the EEC area Investment promotion benefits Including providing services and providing convenience to investors which will lead to the sustainable development goals.

The EEC is ready to drive investment support mechanisms. To build confidence and attract investment from Investors around the world continue We have set a goal to create real investment amounts in the EEC area. An increase of approximately 500 billion baht or an average of 100 billion baht per year over a period of 5 years.

Ms. Orakanya Pibultham, President of Bank of America (Bank of America), Thailand Branch, said that she is very pleased to be collaborating with EEC on
this important project. which will elevate Thailand’s status It is an important target country for investment in Southeast Asia. It aims to help customers both regionally and globally. Encourage investment in important cluster industries. Including infrastructure, robots, vehicles and clean energy.

Source: Thai News Agency

Bangkok, The Prime Minister is pleased to attract Indian investors. Set up an advanced biotechnology factory The first large-scale plant in ASEAN, pushing Thailand to be the Bio Hub of the region.

Mr. Chai Watcharong, spokesman for the Prime Minister’s Office, revealed that the Prime Minister is satisfied with attracting foreign investment. and promote the establishment of production factories using advanced technology and innovation in Thailand. The BOI has approved investments in joint ventures from India. In the field of production and development of biological products with advanced biotechnology. It is the first large-scale commercial advanced biotechnology factory in ASEAN.

The Board of Investment (BOI) approved investment promotion for BBGI Firmbox Bio Company Limited to establish a biotechnology factory that uses precision fermentation technology to produce cellulosic enzyme. (Cellulosic Enzyme) for industrial use By expanding the size from laboratory scale (Lab scale) to large commercial scale pro
duction, produced with advanced equipment from upstream to downstream, production capacity is 200,000 liters, with the goal of increasing it to 1 million liters in the next period, using money. First stage investment of 440 million baht, factory located in Chachoengsao Province. and will use most of the raw materials from within the country Plan to set up Thailand as the company’s bioproduct production base (Bio hub).

The said company is a joint venture between BBGI Public Company Limited in the Bangchak Group. Expert in high value biological products business with Firmbox Bio Company, India. which is a leader in synthetic biology (Synthetic Biology: SynBio) and in expanding production capacity to commercial production (Lab-to-launch) The company plans to set up a bioproduct production base (Bio Hub) in the EEC, focusing on investing in new industries (New S-Curve) in the development of agricultural industries and biotechnology.

“Prime Minister Encourage the establishment of advanced biotechnology factories
. to produce the first large-scale commercial production in ASEAN It also reflects the potential of Thailand that is ready in terms of infrastructure, personnel, and biological raw materials. The goal is to use most raw materials from within the country. It will distribute income to our Thai brothers and sisters in the agricultural and biotechnology industries,’ Mr. Chai said.

Source: Thai News Agency

Bangkok, Krung Thai Bank invades the foreign money transfer market. In the Middle East, the currency “United Arab Emirates Dirham” – “Qatar Riyal” after piloting money transfer services. Saudi currency

Mr. Rawin Bunyanusas, Executive of the Capital Market Money Market Business Department Krung Thai Bank revealed that in order to enhance international transactions. After a good response who used international money transfer services using Saudi Arabian riyals in the past year Therefore, we are opening the service for transferring money abroad into two additional local currencies, consisting of:

1.United Arab Emirates Dirham (AED) to support the free trade agreement between Thailand and the United Arab Emirates. Started last year For Thai products in expanding trade opportunities to the UAE market, it is Thailand’s number 6 trading partner with a trade value of 680 billion baht last year. It is considered a group with high purchasing power and must rely on imports of goods from abroad. In addition, the Unite
d States The Arab Emirates also has an open investment policy. It is an investment target for foreign investors.

2.Qatari Riyal (QAR) to support trade transactions with Qatar. Last year the value was more than 130 billion baht, especially natural gas and automobiles, including Qatari tourists who like to come to Thailand for medical treatment. In addition, it also supports Thai workers who travel to work in Qatar. and want to send income back to Thailand that tends to grow continuously

This international money transfer service is available in the 3 local currencies mentioned above. Helps reduce currency risk Increase convenience, safety, and reach the recipient quickly. with appropriate fee rates Supports both corporate and individual customers. Those interested can learn more at https://krungthai.com/link/middle-east-transfer-pr or Krungthai Contact Center Tel. 02-111-1111.

Source: Thai News Agency

Bangkok, TCG opens a franchise booth. Create business owner opportunities Bringing a guarantee project to help SMEs access capital at Money Expo 2024 Bangkok

TCG brings loan guarantee projects to the MONEY EXPO 2024 BANGKOK event, complete with 4 opportunities: ‘Add capital – start up – add knowledge – give to society’ to meet the needs of SMEs and customers. Open a booth to give advice to SMEs with the promotion ‘B. The Department of Labor Protection and Welfare provides it for free! Guarantee processing fee When registering and applying for credit insurance at the event for the first time! Bring TCG customers to a booth in the Franchise SMEs zone, creating opportunities for those who want to start a business. Don’t miss it! TCG holds a big event for 4 days from 16-19 May 2024, Challenger 2-3 IMPACT Muang Thong Thani.

Mr. Sittikorn Direksuntorn, Director and General Manager The Small Industry Credit Guarantee Corporation (TCG) revealed that TCG is participating in the MONEY EXPO 2024 BANGKOK under the con
cept of “SMEs for All, business opportunities belong to everyone”, aiming to answer the needs of SME entrepreneurs with access to financial resources. Get more capital By opening a booth to give advice to SME entrepreneurs, mobilizing experts from the SME Financial Advisory Center (TCG FA Center) is ready to give advice, advice and financial assistance. and business operations by organizing a special promotion “TCG provides” to SMEs entrepreneurs for free! Guarantee processing fee When registering at the TCG booth at the event and the bank submits a guarantee request to TCG by 31 August 2024, helping SMEs to start becoming business owners more easily.

In addition, TCG has opened a booth in the Franchise SMEs zone by bringing entrepreneurs. Two franchise business owners who are TCG customers providing guarantees, namely the producer and distributor of fried pork and fried chicken under the brand “Legendary Fried Pork” and processed seasoning sauce under the brand “Mee Prung”, attended the event to introduce t
heir businesses. and provide knowledge to those interested in investing By organizing a great value promotion just for this event! When purchasing 3 bags of “Mee Prung” sauce, the full price of 547 baht is reduced to only 499 baht. As for “Legendary Fried Pork”, just reserve a franchise at this event and receive a discount of 10,000 baht with 2 packages at a special price. 1. Set ready for sale, value 44,900 baht 2. Complete set, value 64,900 baht (recommend location)

special! For those who come to visit And join the activity at the TCG booth by adding friends to LINE OA @tcgfirst and receive a souvenir immediately. or discounts on purchasing products From Mee Prung Restaurant and the legendary fried pork shop Throughout the event, TCG is ready to reinforce the concept of “SMEs for All, business opportunities belong to everyone” by opening 4 opportunities that everyone cannot miss! namely

1. Opportunity to replenish capital by presenting the loan guarantee project for individual financial institutions or th
e Bilateral 7 (BI 7) to help SMEs of all groups gain easier access to credit. and the loan guarantee project ‘TCG – Government Savings Bank Re-Nano’ helps debtors in the Nano Finance loan group (Nano Finance), self-employed groups, merchants, sellers, free of charge for the first 2 years and guaranteed up to 200,000 baht per customer.

2. Opportunity to start with a franchise from entrepreneurs of TCG customers, joining in opening a booth in the Franchise SMEs zone by bringing 2 customers that TCG provides guarantees. Brand owner ‘Legendary fried pork’ and the brand ‘Mee Prung’ come to give advice to the general public who wants to own a business in the form of a franchise.

3. Opportunity to add knowledge Bringing experts from the SMEs Financial Advisory Center (TCG FA Center) to provide knowledge on the topic of access to funding sources for SMEs on May 17, 2024 from 2:00 p.m. – 2:30 p.m. and franchise owners. s ‘Legendary fried pork’ and ‘cooked mee’ that will provide knowledge to those who want to invest
or own a franchise business. On Saturday, May 18, 2024 at 3:00 p.m. – 4:00 p.m.

4. Opportunity for society Promote the abilities of special groups Be a part of giving to society. Join in promoting the quality of life of autistic children. With art therapy, further your career by donating money by scanning a QR Code to the Thai Autistic Foundation. Receive souvenirs from the special collection of “TCG x Art Story” designs only at the TCG booth at the event.

Don’t miss it! Visit TCG’s booth and receive advice on loan guarantees. and access to funding sources at Booth L7 in the Money Market Zone and Booths S14 and S16 in the Franchise SMEs Zone from 16-19 May 2024 at Challenger 2-3 IMPACT Muang Thong Thani.

Source: Thai News Agency

Nonthaburi, Deputy Prime Minister and Minister of Commerce Personal Facebook post criticizing academics and politicians after criticizing “10-year-old rice” that has been found to contain carcinogens. You should not auction rice.

Reporters report that Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, has come out to respond to some academics and politicians who criticized “10-year rice” that has been found to have carcinogenic substances. They should not auction rice on their personal Facebook page. Use information and knowledge to critique ’10-year rice’ for the benefit of the country. It’s better than using imagination to bring reality. From the news report that There are those who claim that Inspected the rice in the rice pledging project warehouse. which will be auctioned off and claimed to have been detected Carcinogens, rice auction

In the past, the process of checking for contaminants in rice has found that the initial amount of contaminants in rice has never been a problem.
And there was never any information that storing rice and the number of years of rice storage would be a problem. If there is correct storage according to standards Nowadays, technology development is more modern. As a result, the process of improving the quality of rice before being released for sale, whether domestically or internationally, will take the rice to be polished each time. Improve rice grains until they meet food safety criteria according to international standards first. Therefore it can be exported or distributed to consumers.

In this regard, the private sector that engages in the rice trading business and the Rice Association must build confidence in buyers by having a system for inspecting their imported products on the other side. which is a world-class surveyor company Already entered to inspect the product This is a normal procedure.

The cases of ‘carcinogenic substances’ being referred to are mostly found in rice bran that has not yet been treated with rice bran attached to rice grains
. If it has been improved and polished This substance will have a much lower amount than this. Until it is in an amount that is safe for consumption. As I am Minister of Commerce My intention is only to auction off the remaining rice stocks in the last two warehouses in order to bring the proceeds back to the treasury. It’s better than letting it rot and rot (really) to the point where there’s no price for this rice auction. Ministry of Commerce There is no authority to determine how the private sector that wins the auction will use it.

As far as I know, besides the business of exporting old rice which has a market in South Africa, liquor distillery was interested in the opening of rice verification this time My intention is only to clear up the outstanding problems in a transparent manner. Therefore inviting all parties, from rice inspectors according to international standards, mill owners and rice trading operators who have

Experience in rice inspection Unlimited mass media, numbering more than 30, came
to prove the truth to the public. Including provincial governors and provincial commanders who are heads of provincial government units. But because of these two warehouses of rice It has been stored for about 10 years. I received a complaint from the owner of this rice warehouse that these 2 piles of rice were government rice. Let him tell you that he has been treating you for 10 years and has not done anything to make progress in the country. It will be of no use. Moreover, the owner of the warehouse who stores the rice loses the opportunity to use the rice warehouse for trading.

The news that comes out is slanderous about various issues. There is still a lack of understanding of the process of rice storage, auctioning, and rice quality inspection. and exports of the country This is a process mechanism where all involved parties work together under specified standards. It is not a decision to act alone for anyone’s benefit. I am very sorry that my intention to complete my duties for the benefit of the nati
on as a whole this time was changed with other intentions and using bias or faction to devalue the quality of Thai rice. Until causing a trend of distrust in the quality of Thai rice products.

I would like to propose using the information and correct knowledge Analyze it fairly. The process of buying and selling rice that will be auctioned follows the system and process that should be in place. Will it be more beneficial to the country? Because the inspection process according to the system is reliable. and is already in accordance with international principles

Regarding “10-year rice”, if criticized with “political bias” and “imagination” leading to “truth” until it becomes an impairment of Thai rice. to the point of causing the country to lose its benefits I am convinced that everyone in Thai society does not want this to happen and I still want to honestly believe that everyone does not want to see the creation of a discourse changing good rice to bad rice causing the state to lose enormous benefits as i
n the past.

Source: Thai News Agency

Bangkok, MEA opens an electrical system control operations center. The 74th General Meeting of the International Football Federation (FIFA CONGRESS 2024) integrates relevant agencies. Use various innovative technologies to prepare and enhance the stability of the electrical system in emergency situations at the highest level, 24 hours a day.

Mr. Wilas Chalaysat, Governor of MEA or Metropolitan Electricity Authority Chaired the opening of the Electrical System Control Operations Center. The 74th General Meeting of the International Football Federation (FIFA CONGRESS 2024) between 13 – 18 May 2024, along with integrating departments both inside and outside the organization to achieve the highest level of electrical system stability at Watthanavipas Building. Metropolitan Electricity Authority, Head Office, Khlong Toei

by this operation center It is responsible for coordinating between the electrical system control centers. which consists of a system Both SCADA/EMS/DMS, 23 power stations, including all 18 Met
ropolitan Electricity Authority districts, support more than 10 important locations used for organizing events and accommodating attendees from 211 member countries, totaling more than 3,000 people. It is linked with the Field Force Management or FFM operating system and the GIS mapping system for use in situations of inspecting incident sites. To be able to solve problems quickly and accurately. Ready to support emergency situations in various forms 24 hours a day according to MEA’s crisis response plan in order to achieve maximum electrical system stability at this FIFA CONGRESS 2024 event.

MEA has also used various innovative technologies to help prepare for the electrical system, including the use of Acoustic Camera and Thermovision technology. Scan to detect sound in high frequency waves and detecting the heat of electrical equipment by using drones to inspect electrical transmission systems Use technology to detect abnormalities in the electrical system, such as Partial Discharge Power Transformers, in
cluding inspecting 230 kV underground electrical tunnels, installing batteries, UPS and generators, as well as mobilizing more than 200 MEA personnel at every relevant power station. Arrange staff for the electrical room of every hotel, along with more than 25 work vehicles, along with a fast-moving team that performs missions to urgently fix electrical outages. All of this will be distributed in care positions at various points to be able to support every situation 24 hours a day.

MEA also participated in integrating preparation for organizing the meeting. with those involved in important locations used to support the event. In addition, there is cooperation with the Electricity Generating Authority of Thailand. (EGAT) in increasing the security from the source electricity supply to the highest level. for the image of Thailand Honored to be the host of this event.

Source: Thai News Agency

Bangkok, Directors and Managers The Stock Exchange of Thailand emphasizes the Thai capital market. The second half of the year began to show good momentum. Investors gradually returned.

Dr. Phakorn Pidthawatchai, Director and Manager The Stock Exchange of Thailand (SET) mentioned the trend of the Thai capital market in the second half of the year that the Thai capital market is starting to have good momentum. As a result, both domestic and foreign investors began to regain confidence. Investment money from abroad has begun to flow back in. Even though the economy in the country has not been very good lately. However, in the past when there were LTF funds, it was found that there was an inflow of 50-60 billion baht per year, even though there was not much trading each day because it was a long-term investment. However, it helps to increase the proportion of retail investors and institutional investors.

But it’s important to continue following. is a measure that will encourage more institutional investors in
the country From now on, the proportion of domestic institutional and retail investors has been steadily decreasing. It must be controlled to create a balance among all 3 main groups of investors: retail investors in the country. Domestic institutional investors and foreign institutional investors.

Source: Thai News Agency

Phetchaburi, “Piraphan” visits Phetchaburi province. Listen to the drought problem Provincial energy discussion Prepare to use solar cells to solve sustainable problems.

Mr. Peeraphan Saleerathaviphak, Deputy Prime Minister and Minister of Energy Visited the Ban Lat District area Phetchaburi Province After receiving a complaint from the Rai Khok Subdistrict Administrative Organization that farmers had suffered from water pumps at the Rai Khok – Rai Sason pumping plant that were damaged and had not yet been repaired. causing insufficient water for agriculture

The said water pumping plant is under the responsibility of the Ratchaburi Right Bank Water Delivery and Maintenance Project. Irrigation Office No. 13 has an irrigation area of ??86,500 rai, resulting in rice growing areas in 7 sub-districts of Ban Lat District. damaged There is also water retention in the upstream areas in Ratchaburi Province. and the area of ??Khao Yoi District, Phetchaburi Province There is also the problem of not having enough elec
tricity. causing water to not reach downstream areas and is not sufficient for agriculture.

After accepting the problem of Mr. Peeraphan He urged relevant agencies to expedite the resolution of the problem. Prom said the Ministry of Energy will consider ways to support water pumping plants to have adequate electricity. To alleviate the suffering of the people quickly.

In addition, he also visited Hua Saphan Subdistrict, Mueang District, Phetchaburi Province. who are experiencing difficulties from water management at Khlong Pak Ngam, Hua Saphan Subdistrict, which lacks a sluice gate to block water from Phet Dam in the event that the dam releases water. And there is a water shortage problem during the dry season. because there is no water storage area causing agricultural crops to be damaged Including Atthasit Canal, Ban Kum Subdistrict, where the water gate is dilapidated and cannot contain salt water. If the sea level rises high which affects the agricultural crops of the people as well.

Mr. Peeraphan urge
d the Royal Irrigation Department to quickly solve the said problem. and proposed a meeting of the joint government and private committee to solve economic problems (FDA) to consider the supporting budget.

After that, they visited the ‘Chang Hua Man’ project, a royal initiative project. There is an electricity generating plant in the Chang Hua Man project. which is a very small electricity production plant or VSPP (Very Small Power Producer) from renewable energy. Operations began on 21 October 2009.

Chang Hua Man Project Has entered into a power purchase agreement with the Provincial Electricity Authority. Electricity is produced both from wind turbines. and solar energy To encourage very small power producers to participate in electricity generation. This helps reduce the cost of importing fuel from abroad. and reduce environmental impact It is a model for spreading opportunities to remote areas. and to help ease the burden of government investment in the electricity production and distribution system.

‘
Today I went to Ban Lat District. Phetchaburi Province To listen to farmers who have suffered from drought problems There is not enough water for agriculture. It affected up to 3,000 rai, which was caused by a broken water pump that had not yet been repaired. Initially, I ordered the relevant agencies to quickly fix the problem. The part after this I will consider ways to support water pumping plants to have adequate electricity. In order to quickly alleviate the suffering of the people,’ Mr. Peeraphan said.

Source: Thai News Agency