Indonesia News Gazette

Bangkok, Banpu reveals first quarter results of 2024, strictly controlling operational efficiency in all business groups, showing progress in CCUS and batteries. Ready to lay out a road map for sustainable growth

Banpu Public Company Limited, an international diversified energy leader Revealing operating results for the first quarter of 2024, there was total sales revenue of 1,088 million US dollars (approximately 38,810 million baht), earnings before interest, taxes and depreciation (EBITDA) totaling 250 million US dollars (approximately 8,924 million baht) and profits. Net USD 43.5 million (approximately 1,552 million baht) In the past period, despite facing fluctuations in energy prices in the world market, the Company still managed its business and costs efficiently. can create a trend Continuously have cash Natural gas business Ready to move towards achieving the Net Zero goal at full speed, with a Carbon Capture, Utilization and Storage (CCUS) project in the United States set to begin operations this
year. while the energy technology business group A battery factory in Thailand has started delivering batteries to customers in Thailand.

Mr. Sinont Wongkusolkit, Chief Executive Officer of Banpu Public Company Limited, said, ‘In the first quarter of 2024, the company continues to focus on increasing operational efficiency and tight cost management, elevating the operations of all groups. Business in 9 countries and increase the potential in resource management to Maintain the ability to create continuous cash flow. By the Energy Resources and Energy Production Business Group Focus on increasing efficiency and reducing costs in response to fluctuating energy prices. For the Energy Technology Business Group There is progress at a battery assembly factory in Thailand that has started delivering the first batch of batteries. In addition, it aims to manage its portfolio in line with the guidelines for reducing greenhouse gas emissions. Through appropriate investment budget allocation for sustainable growth.

For
the operating results of the 3 main business groups in the 1st quarter, the details are as follows. Energy Resources Business Group Regarding the mining business, the company hastened to implement various measures including controlling production costs. Improving efficiency in production and transportation That saves time and resources and reduces waste from the production process. and carry out marketing strategies In order to get product quality that meets customer needs. As a result, it continues to generate strong cash flow. Natural gas business: The Company continues to use financial instruments to hedge against risks from fluctuating natural gas prices. As for the Carbon Capture, Utilization and Storage (CCUS) project in the United States, To reach the goal of Net Zero in Scope 1 and 2 in 2025, the first project ‘Barnett Zero’ is operating continuously. The second project, ‘Cotton Cove,’ is set to begin operations by 2024. Each project has a maximum average carbon dioxide storage rate of 210,000 and 45,
000 tons of carbon dioxide equivalent per year, respectively.

Energy production business group For the business of producing electricity from thermal energy Have operational results as targeted and Maintain continuous good efficiency in electricity production There is a positive factor from the growth in demand for electricity in every region around the world. Especially from thermal power plants that are stable and create stability in the electricity distribution system to support demand during periods of fluctuating weather conditions. There is also growth in the use of AI and data center businesses in various countries, with renewable energy power generation businesses in China, Japan, Vietnam and Australia. Still reporting good operating results Generate consistent cash flow Even this quarter experiences adverse weather conditions which are seasonal.

Energy Technology Business Group It has continued strong growth. By focusing on expanding the customer base and investing with new partners in the battery
and energy storage system solutions (BESS) business, a lithium-ion battery production plant under the cooperation between Banpu Nex and S.V. Energy Technology (Thailand) has opened commercial operations. and delivered more than 20,000 sets of batteries to customers in Thailand, with a total production target of 60,000 sets per year, along with signing a memorandum of understanding on cooperation to establish a factory and develop industries related to energy storage. battery cells and battery recycling at the DP Nex battery assembly plant, a joint venture of Banpu Nex and Dura Power. The first batch of batteries can now be delivered to Cherdchai Motor Sales for use in electric buses as well. with a target total production capacity of 1 gigawatt hour. In addition, this quarter there will be the launch of the second phase of the ‘Infinite Cafe Powered by Banpu NEXT’ project at Chamchuri Square. In the form of a pop-up cafe that has a solar rooftop system that produces electricity with built-in electricity stora
ge batteries. It offers clean energy solutions that are in line with people’s lifestyles. To expand to various service business customers in the project to manage the central cooling production system (District Cooling System), Chalerm Phrakiat Government Center, Zone C, is expected to be fully operational in the 4th quarter of this year.

From the outstanding management and development of human resources in recent times As a result, Banpu received 3 awards from the Employee Experience Awards 2024 organized by Human Resources Online, Singapore, in the Best Management Training Program (Silver) category, Best Holistic Leadership Development Strategy (Silver) and Best Executive Coaching Program ( Bronze level) reflects Banpu’s commitment to being a Lifelong Learning Organization and awareness of the importance of human resources as the company’s most valuable asset.

Banpu continues to grow its energy portfolio. By aiming to continue the roadmap of the mission of transitioning to sustainable energy (Sustainable
Energy Transition), something that I give importance to. is to create stronger cash flow From the full efficiency of various assets in all business groups of the company. By focusing on bringing in digital technology and AI to support maximum benefit. Along with expanding opportunities to increase income by choosing investments that will give high returns. By combining strengths in both existing businesses and new businesses with growth potential, whether in the energy sector or related industries. At the same time, we are accelerating the reduction of carbon dioxide emissions from business operations in order to drive a low-carbon society. We believe in creating continuous business growth in every dimension of Banpu. Along with aiming to achieve sustainability goals in terms of environment, society and corporate governance in every business process. It will truly create value for shareholders and all groups of stakeholders.

Source: Thai News Agency

Bangkok, True Digital respects and accepts the court’s order. Explained the need to file a complaint with the Criminal Court for corruption cases. Follow the normal steps to preserve rights.

True Digital explains why it had to file a complaint with the Central Criminal Court for Corruption and Misconduct after being involved in a dispute with an NBTC committee member in his capacity as Chairman of the Television Sub-Committee. This is the result of behavior or actions that indicate intent to harass, show bias and impartiality in the True ID case, according to the Central Criminal Court for Corruption and Misconduct Cases, which has examined both personal witnesses and documentary evidence and found that such actions said there was sufficient basis to accept the complaint for consideration. By submitting a petition to the court This time it was in accordance with the normal procedures for maintaining rights because the incident occurred and there was actual damage.

True Digital as a TrueID business operator
There is an expectation that a central organization like the NBTC will perform its duties legally and fairly. And in the past, we respected every consideration of every NBTC director when it was found that there were incidents that caused damage to the company that occurred from some directors. Therefore, it is the duty of the company to be responsible to investors, shareholders, and consumers. It is necessary to use legal rights to file a complaint to demand fairness to the court. To prevent damage that may occur Today the court considered that After the court has issued an order accepting the lawsuit It does not appear that the defendant has bullied the plaintiff again. Therefore, there has been no order for the defendant to cease performing duties during the court’s trial. But if there is a change in circumstances The court may order otherwise.

True Digital would like to emphasize that it is respectful and always ready to accept court decisions. Hoping to rely on justice from the court in deciding this ma
tter. To ensure fairness to all parties

However, because the case is still under consideration by the court. The company therefore reserves the right not to express any further opinions and will delegate the power to the court to consider and decide.

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

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, 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, 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, DAD asks the Treasury Department for 160 million baht to renovate the Chiang Mai International Convention Center, hoping to improve service levels. Supporting the growing tourism market

Dr. Nalikotipak Sangsnit, Managing Director of Thanarak Asset Development Co., Ltd. (DAD Asset Development) or DAD Asset Development, revealed that the DAD Asset Development Board (Board) meeting acknowledged the project to improve the Chaloem Phrakiat International Convention and Exhibition Center. 7th Birthday Anniversary, Chiang Mai Province, valued at 160.5 million baht, presented to the Treasury Department Request budget allocation for 2025 from the Budget Office. For use in improving the International Convention and Exhibition Center. Chiang Mai Province Supports international events

In order to be able to support international meetings, seminars, trade shows and exhibitions (Meetings, Incentives, Convention, Exhibitions or MICE), DAD has inspected the area and estimated renovation costs. After Mr. Settha Tha
visin, Prime Minister, visited on January 11, 2024, operating from 2019 – 2023 and presenting an estimate of the cost of renovations and repairs. To upgrade the international convention and exhibition center Chiang Mai Province To have the potential to support organizing events effectively

For the International Convention and Exhibition Center Chiang Mai Province DAD is assigned by the Treasury Department. To come into management since 2019, with operating results continuing to grow. In 2023, there was a total of 30.48 million baht in income sent to the Treasury Department, an increase of 34 percent from 2022, divided into income from 63 events. Total 29 million baht and income from office space rental 1,317,200 baht when the renovation is completed. It is believed that the income of the International Convention and Exhibition Center Chiang Mai Province will continue to grow and is an important part in driving the MICE industry and the development of tourist attractions in Chiang Mai Province.

Source: Thai
News Agency

Phetchaburi, Capt. Thammanat reveals that the Prime Minister ordered to find a way to reduce production costs for farmers. and prepare for the rainy season Specifies orders to dredge canals for 400 projects – find a way to slow down water Ensure there is enough water

Capt. Thammanat Prompao, Minister of Agriculture and Cooperatives Revealed after the official Cabinet meeting ended outside the venue. Lower Central Province Group 2 (Phetchaburi, Prachuap Khiri Khan, Samut Songkhram and Samut Sakhon) at Rajabhat University Phetchaburi Province that the Prime Minister has ordered to prepare for this rainy season by dredging canals. and more than 400 tributary projects. Prepare for the upcoming rainy season, ensuring that this rainy season will have a lot of water. Therefore, it is necessary to store as much water as possible. such as Huai Mae Prachan Reservoir Last year it rained a lot but a lot had to be released into the sea. Therefore, this year, we have piloted a dredging project for 3 years (2024-2026) wit
h a budget of over 300 million baht and built water control building gates at several points to slow down the water for use.

For visiting the area in Phetchaburi Province for 2-3 days, he ordered the Royal Irrigation Department to solve the problem in a concrete way. As for the Royal Rainmaking, there was an order to move the Royal Rainmaking aircraft to Hua Hin District, Prachuap Khiri Khan Province. to operate during this period

For visiting this area In addition to the water problem farmers and villagers It also reflects the problem of higher production costs. Both agricultural and horticultural sectors and the fishing sector He has ordered each department involved to do their homework on how to solve this problem. which the Prime Minister ordered at this Cabinet meeting to the Ministry of Agriculture Find ways to reduce production costs for fellow farmers.

As for the case of the GAP standard, which is a standard that covers the complete production of agricultural products, it is seen that there are man
y steps. At this time, we have ordered the Director-General of the Department of Agriculture to study how the process can be reduced. To make the standard issuance faster.

Source: Thai News Agency