OIC opens training course for WPSC, Class 12

Bangkok, The OIC organized the opening ceremony of the 12th class of the Advanced Insurance Science Training Course or OCS to develop insurance knowledge for the public and private sectors. A total of 144 people spent time studying and training. 6 months

Mr. Lawan Saengsanit, Permanent Secretary of the Ministry of Finance, presided over the opening ceremony of the 12th class of the Advanced Insurance Science Training Course or VPS. Mr. Lawan said at one point that Has followed the education and training courses WPS has been in existence since the first generation, with each curriculum having different strengths in each generation. Some models have strengths in security, capital markets, energy and law, etc., which risk management courses consider. It is very important because those who receive insurance training will be able to apply it to manage risks in their organization.

Mr. Chuchat Pramphonphon, Secretary-General of the Office of the Insurance Business Regulatory and Promotion Commission (OIC), reveal
ed that the OCS course has been opened for 11 batches. This batch is the 12th batch. In the past, there were people who successfully completed the course. More than 1,000 people have received the WPS. This batch will accept 144 people from approximately 400 applicants from the government and private sectors. The training course takes time from May to October, a total of 6 months. The training format includes studying in the classroom, outside of the classroom, making reports and study visits both domestically and abroad. The OIC has improved the curriculum to become popular in order to develop insurance knowledge and develop to be a leader in the public and private sectors. insurance business There will be a highlight when an unexpected event occurs. The insurance business will be the one who can fix everything. The OIC also expects that Those who attend the training will help share their knowledge and abilities with others. OIC also considers learning together to create a better insurance network in the futu

Source: Thai News Agency

Thai stocks closed this morning down 7.63 points.

Bangkok, Stock Exchange Closed this morning at 1,371.07 points, down 7.63 points (-0.55%), trading value approximately 20,281 million baht.

In morning trading, indices fell by region. The highest level was 1,376.94 points and the lowest level was 1,369.21 points.

Source: Thai News Agency

Krung Thai advises the government to push Green Technology in the sugar industry.

Bangkok, Krungthai COMPASS Research Center states that Green Technology helps raise the sugar industry towards sustainability. Suggesting that the state is the main driving force

Krungthai COMPASS Research Center points out that investing in green technology will elevate the sugar industry to a sustainable green industry. It will help cope with the problem of Climate Change that is becoming more severe. Including reducing pressure on the measures of trading partners that focus on environmental issues. This will help increase the competitiveness of the sugar business in this era. Decarbonization It is expected that investing in green technology in each category will result in an ROI of around 20-30% with a payback period of 3-7 years and create benefits for the sugar industry of approximately 170 billion baht, suggesting that the government is the main focus. Principles of pushing the sugar industry towards a green industry

Mr. Apinan Suprasert, Senior Analyst, Krungthai COMPASS Research Center, Krung Thai
Bank, revealed that the sugarcane and sugar industries are one of the industries that are important to the Thai economy. Generate income from exports of over 100 billion baht per year. Accounting for approximately 9% of GDP, the agricultural sector is an industry with relatively high greenhouse gas emissions and pollution, with PM 2.5 emissions as high as 11% of Thailand’s total PM 2.5 emissions. And greenhouse gas emissions account for 9% of the total amount of greenhouse gas emissions in the agricultural sector. Therefore, it is one of the industries that many parties are aware of in pushing to accelerate the transition to a green industry. which if concrete action can be taken It will be one of the important sectors in the agricultural sector that will help Thailand achieve the country’s participation goal in reducing greenhouse gas emissions according to the Nationally Determined Contribution (NDC). ‘Every 1 ton of sugar production in the Thai sugar industry releases Emission approximately 7,150 kgCO2eq o
r equivalent to transporting goods by truck over a distance of approximately 10,000 kilometers. Including waste from the production process. This puts the sugar industry at risk from environmental policies and measures that are likely to become more stringent. In addition, the risk of climate change problems will intensify in the future. This may result in sugarcane production in 2046-2055 likely to decrease by 25-35%, affecting Thai sugar business operators to face the problem of raw material shortages,’ Mr. Apinan said.

Mr. Kritchanon Jindawong, analyst at Krungthai COMPASS Research Center, said that adapting to the transition to a green industry will help sugar business operators reduce pressure from trading partners’ measures. and helps entrepreneurs reduce costs from energy use In addition, it is easier to raise funds and have lower financial costs. Including being able to increase the opportunity to generate additional income from expanding into the renewable energy business. There is also support from
government and private agencies that want to move towards a green industry. ‘Green Technology will be a key enabler that will help medium-sized sugar business operators who have not yet had much of an adjustment to this matter to make the transition. Going to a green industry more easily, such as using sugar cane cutters instead of burning sugar cane, using Economizer Boilers in sugar factories. or expanding into the biomass power plant business Evaluating the worthiness of the investment, it was found that the ROI was 21.0%, 16.1%, and 27.1%, respectively, with a payback period of 3-7 years. And if all 63 sugar industries have raised the level of Using technology in a concrete way will result in benefits of around 170 billion baht from environmental value that reduces air pollution and saves on energy costs. Including generating additional income for the business,’ Mr. Kritchanon said.

Mr. Pramote Wattananusan, analyst at Krungthai COMPASS Research Center, said that if the Thai sugar industry wants to succe
ed in upgrading to a green industry. There should be emphasis on the value for money in investing in technology. and set clear and measurable goals, including a commitment to reduce greenhouse gas emissions Including the creation of cooperation in the ecosystem from farmers to the government sector. for the development of the entire industry together ‘The price and quantity of sugar exports are still likely to grow well. Therefore, government agencies It should be the mainstay in pushing the sugar industry towards a green industry, such as developing the Thai carbon credit market to meet international standards such as Gold Standard or VERRA, which are world-class standards. So that Thai entrepreneurs can fully benefit from the carbon credit trading market. Similarly, the financial sector is another key factor that helps support investment in Green Technology as well as encourage investment in new businesses. from the environmental transition To help support the entire Thai sugar industry to be able to adjust
to a sustainable green industry,’ said Mr. Pramote. –

Source: Thai News Agency

Cabinet prepares budget for 2024 to support digital wallets

House of Representatives, Cabinet prepares additional budget for 2024 to support Digital Wallet of 500 billion baht, hoping to stimulate the economy at the end of the year. Green light for the country’s central payment platform Supports the creation of a comprehensive welfare system

Mr. Chai Watcharong, spokesman for the Office of the Prime Minister, revealed that the Cabinet meeting approved the guidelines for creating additional budget expenditures for the year 2024 as proposed by the Budget Office (B.P.O.) in order to equalize the budget. To be used to support the Digital Wallet project worth 500 billion baht, hoping to stimulate the economy at the end of the year. For details on additional budget allocation, submit it to the Cabinet next Tuesday, 28 May 2024.

After the fiscal year 2024 budget period has passed for 7 months, there are only 5 months remaining, namely May – September 2024. Government agencies have already spent 1.75 trillion baht, accounting for 50.61 percent of the budget. allocate There
fore, the other half of the budget, or approximately 1.75 trillion baht, is left to pay for government salaries, debt repayment of 1.25 trillion baht, and new investment of another 500 billion baht will definitely not be allocated for investment in time.

‘The Budget Bureau views that the remaining period of 5 months is for the use of investment budgets if the method through the Budget Transfer Act is used. During the adjustment of the money transfer budget, it will take 2 months, causing disruption to every aspect of the budget. Wait until it passes. The council therefore chose a method of use. The Annual Additional Payment Act 2024 allows all parts to continue using the budget. There is also a way to use the budget to support the Digital Wallet, transferring 10,000 baht to distribute the money to the system. Stimulate the economy at the end of the year,’ Mr. Chai said.

Mr. Chai added that the Cabinet also approved the Payment Platform project as proposed by Digital Government Development Agency (Public Org
anization) (Public Organization) is the operator of the Payment Platform project to serve as the country’s central payment platform to connect with various financial service providers, upgrading the country’s financial infrastructure. Reduce the cost of the economic system Increase your ability to compete

In the first phase of 160 days, during July-September 2024, procurement and workshops will begin. July-December 2024, proceed with system development and testing. and October 2024-March 2025, providing system services and supporting usage, with the SPRO requesting a central budget of 95 million baht to support the development of payment platforms.

Source: Thai News Agency

Cabinet approves PEA’s loan of 3 billion baht

House, Cabinet approves PEA to borrow 3,052 million baht in the country for long-term investment.

Mr. Karom Phonphonklang, Deputy Spokesperson of the Prime Minister’s Office, revealed that the Cabinet meeting resolved to approve the Provincial Electricity Authority (PEA) to borrow money domestically. According to the new long-term plan for 2023, there are 5 plans with a total amount of 3,052 million baht. Loans have been included in the public debt management plan for the fiscal year. The 5 investment plans include:

1. PEA’s digital operations plan for communications and telecommunications in 2023 is used to develop PEA’s communications network to cover digital technology management to be speedy. Respond to the needs of various work lines and help support internal work processes to be more efficient. Using a domestic loan of 300 million baht

2. Long-term plan for underground cable construction (Phase 2) to construct and improve above-ground electrical lines into underground cables in 74 provinces under th
e responsibility of PEA. Improving the landscape to be beautiful. Budget support for civil works in 2023-2025, domestic loan of 1,537 million baht.

3. Construction plan for renovation of Building 2 and area plan of PEA Headquarters in order to obtain assessment and certification of LEED4 standards, for the renovation of Building 2 into a new era office. (Modern-Office) and is an energy-saving and environmentally-preserving building (Green Office) certified according to LEED standards. At present, Building 2 is an old building with a useful life of approximately 40 years. The building is in deteriorated condition. Period 2023-2025. Domestic loan of 302 million baht.

4. Plan to improve the efficiency of the power station control and protection system, phase. Currently, there are 653 power stations that use the CSCS system. They have been in use for more than 10 years, causing the main equipment of the CSCS system to begin to frequently break down. Therefore, the old CSCS system must be dismantled and a new CS
CS system installed in its place, to be implemented in 2023-2026. Domestic loan of 343 million baht.

5. The Digital Operations Plan for Work Systems and Platforms for 2023 is the development of effective and systematic digital platform administration and management guidelines. Including developing infrastructure that is consistent with operating directions and technology trends and promoting cyber security capabilities. Implementation period 2023-2024, domestic loan 570 million baht.

Source: Thai News Agency

Sahacogen rebrands to Ratchapattana Energy, opens new power plant

Bangkok,, Ratchapatthana Energy, formerly Sahacogen (Chonburi), is ready to enter its 28th year, aiming to drive the organization towards sustainability. Moving forward to expand investment in integrated energy Most recently, an investment budget of 2.7 billion was used to launch a new power plant. Electrical production capacity 79.5 megawatts, steam 75 tons/hour, increasing the potential of electricity production. Continuously raise the level of energy stability and security for the country.

Mr. Sujarit Patchimanan, Chairman of the Board of Directors of Rajpatthana Energy Public Company Limited, revealed that since RATCH Group Public Company Limited has acquired shares with the Sahapat Group. It holds 51.67 percent of the company’s shares. In December 2021, the company’s board of directors has set a policy aimed at expanding investment in small power plants both within the country and other countries. in Southeast Asia and to be in line with the policy and support the said investment expansion plan. Theref
ore, there was a resolution to change the name of the business from Sahacogen (Chonburi) Public Company Limited to Rajpatthana Energy Public Company Limited on April 18, 2024.

Miss Suwimon Pratak Nukun Managing Director of Rajpatthana Energy Public Company Limited said that Sahacogen (Chonburi) Public Company Limited has operated the business of producing and distributing electricity and steam continuously since 1996 using natural gas fuel. Sold to the Electricity Generating Authority of Thailand (EGAT) under the project to purchase electricity from small power producers (SPPs) of the Firm Cogeneration system, and the remaining electricity, including steam, is sold to industrial factories in industrial parks. Sahapat-Sriracha Group To increase the potential and competitiveness of industrial enterprises in investment.

Recently, the company has completed construction of a new power plant. Under a total investment budget of 2,700 million baht to replace the existing power plant that will expire on contract (SP
P Replacement), which had an official opening ceremony on May 21, 2024, with Mr. Bunyasit Chokwatana, Chairman of Sahapat Group. presiding over the ceremony and was honored by Mr. Nitat Woraponpipat, President of RATCH Group Public Company Limited, and Mr. Nattawut Phonprasert, Deputy Governor of Transmission System. Electricity Generating Authority of Thailand along with Mr. Sucharit Patchimanan, Chairman of the Board of Directors The Company’s Board of Directors, executives, company employees, customers, partners and honored guests attended the ceremony and witnessed the event at Rajpattana Energy Public Company Limited, Saha Group Industrial Park – Sri Racha, Si Racha District, Chonburi Province.

The launch of the new power plant aims to increase stability and energy security for the country without interruption. It has an installed power generation capacity of 79.5 megawatts and 75 tons of steam per hour. This will help increase the company’s total electricity production capacity to 153 megawatts and 110
tons of steam per hour. This new power plant has started selling electricity into the commercial system (COD) since April 19, 2024.

Previously, the company changed its business name to Rajpatthana Energy Public Company Limited to reflect the alliance between Raj Group Public Company Limited and Sahapat Group, ready to expand its business into renewable energy. By investing in the business of producing electricity from solar energy. Both installed on the roof (Solar Rooftop), installed on the ground (Solar Farm) and installed on a floating buoy (Solar Floating). In 2024, it is expected that the company and its affiliates There will be the production capacity of electricity from solar energy. Solar Rooftop type, totaling approximately 21 megawatts according to shareholding percentage.

Source: Thai News Agency

Commercial bank loans in 1Q24 grew by 0.7%.

Bangkok, Commercial banks in the 1st quarter of 2024 had a net profit of 68,000 million baht, expanding 14.7% and growing 28.7%. Loans expanded 0.7%.

The Bank of Thailand (BOT) revealed the overall picture of Thai commercial banks in the first quarter of 2024. The commercial banking system is stable and stable. It has a high level of capital, reserves, and liquidity. With a net profit of 68,000 million baht, expanding 14.7% and growing 28.7% compared to the previous quarter. Loans to the commercial banking system in the first quarter of 2024 returned to expand slightly at 0.7 percent from the same period last year. from large business loans in the industrial sector especially food Petroleum and chemicals Meanwhile, consumer loan growth slowed down in almost every portfolio. Except for auto loans, which continue to shrink.

The outstanding balance of non-performing loans (non-performing loan: NPL or stage 3) in the first quarter of 2024 increased to 502.6 billion baht, representing a ratio of NPL to total lo
ans at 2.74 percent, increasing mainly from business loans (which was partly a result of arranging qualitative layer) and home loans Meanwhile, commercial banks continue to manage debt quality and provide assistance to debtors. The proportion of loans with a significant increase in credit risk to total loans (significant increase in credit risk: SICR or stage 2) was 6.13 percent, increasing from the previous quarter. Part of which is the debtor who is still able to pay the debt according to the contract. But they are classified qualitatively.

For the first quarter of 2024 operating results improved from the previous quarter. Mainly from operating expenses

and reduced reserve costs Meanwhile, net interest income decreased due to increased deposit costs, resulting in

the Net Interest Margin (NIM) of the commercial banking system decreasing.

However, the debt repayment ability of small SMEs and certain groups of households still needs to be monitored.

which still has a fragile financial position due to slow
recovery of income This is expected to result in NPL gradually increasing.

But it is still at a manageable level and has not increased exponentially (NPL cliff).

The ratio of household debt to GDP in the 4th quarter of 2023 has slightly increased from the previous quarter. Meanwhile, the business sector’s debt-to-GDP ratio was stable due to the economy gradually recovering and debt creation accelerating slightly.

Overall profitability continued to improve from the previous year. but decreased from the previous quarter from

The production and export sectors have slowed down, while some service sectors still face pressure from costs that remain high.

While the progress of Responsible Lending (RL) measures implemented since 1 January 2024, the BoT is closely monitoring the progress of the project. There were a total of 3.71 million accounts receiving assistance, with the total debt burden receiving assistance amounting to 0.92 trillion baht. Meanwhile, for debtors with chronic debt problems (PD), it was fou
nd that there were a total of 1.33 million accounts of debtors who began to have chronic debt problems. The total debt burden is 60,882 million baht. As for chronically indebted debtors, it was found that there are a total of 0.48 million accounts with a total debt burden of 14,433 million baht, with the BoT following closely. which if there is little participation BoT will talk with debtors who do not understand what the cause is. And will there be additional measures adjusted or not during the third quarter of 2024? .

Source: Thai News Agency

MEA is concerned, warning of very heavy rain until 26 May 2024, along with recommendations on ways to prevent danger from electricity.

Bangkok, MEA recommends ways to prevent electrical hazards. According to the Meteorological Department’s announcement regarding heavy to very heavy rain in Thailand. and strong waves in the Andaman Sea area This is caused by the low pressure area covering the lower Bay of Bengal will intensify. and is likely to move into the upper Bay of Bengal Causing Thailand to have more rain and heavy rain in some places. It covers the area Bangkok and surrounding areas warn people to be careful of danger. If you find that MEA’s electrical equipment is damaged, please notify us so we can expedite the repair.

Mr. Khomkrit Sakrik, Director of Corporate Communications, MEA or the Metropolitan Electricity Authority, said that MEA is concerned about people being careful of the dangers of upcoming thunderstorms. By requesting that the billboard structure be inspected to be in a strong, stable, and safe condition and check the distance of the billboard from the electrical wires as it may affect the electrical system and cause
an electrical failure. Including emphasizing warnings to the public to avoid touching and stay away from billboards. Because the sign or structure may be damaged or have an electric current leak, causing the danger of electric shock. And should not be near large trees and unstable buildings near electrical lines. This is because tree branches may break from strong gusts of wind and lean down, causing electrical poles to fall. or broken electrical wires In addition, check electrical equipment if it is damaged and repair it quickly. and survey the trees growing in the area of ??their own homes Keep the branches at a safe level and avoid electrical disturbances as this may cause a power outage. Including the possibility of electrical current leaking through tree branches that are wet from thunderstorms. There is danger to life and property. and affecting the stability of the electrical system

For citizens who see MEA’s electrical equipment damaged or in an unsafe condition in the areas of Bangkok, Nonthaburi an
d Samut Prakan. You can report incidents 24 hours a day at the MEA Smart Life Application, which is an application on MEA’s iOS and Android smartphones, free to download, or on various social media channels, including:

Line: MEA Connect (@MEAthailand) The green shield symbol precedes the official account name. Select the menu to contact MEA Call Center.

Metropolitan Electricity Authority Electricity Consumer Information Service Center MEA Call Center Online 1130 .

Source: Thai News Agency