Zipmex lures new investors
Zipmex lures new investorsMr Sam (left) and Mr Akalarp, who pointed out that Zipmex is more than just a digital asset exchange. Mr Akalarp described Zipmex as more than just a digital asset exchange. The deal will give BAY greater exposure to blockchain and the digital asset ecosystem, said Krungsri Finnovate managing director Sam Tansakul. "We have been interested in the digital asset business and have studied the feasibility of investing in digital assets for a long time. Mr Sam said Krungsri Finnovate was a venture capital firm invested in start-ups.
Source:Bangkok Post
August 31, 2021 23:48 UTC
Floods prompt warning from trade group
Floods prompt warning from trade groupThe Thai General Insurance Association (TGIA) has warned policyholders to prepare for heavy flooding and closely monitor the situation, as only a small number of buyers have full coverage for property damage caused by natural disasters. For anyone seeking to manage risk through insurance, Mr Anon suggested exploring existing insurance policies with full coverage for flood damage. Mr Anon said coverage in insurance policies after the 2011 Thailand floods was drastically changed. Existing coverage for natural disasters from floods, windstorms and earthquakes may not be sufficient because the insured may not have insurance policies that offer full coverage for flood damage. According to the TGIA, only a small percentage of assets damaged by floods each year were covered by insurance.
Source:Bangkok Post
August 31, 2021 23:48 UTC
Bluebik to launch IPO later this month
Bluebik to launch IPO later this monthPochara: High growth potentialBluebik Group, a local tech consulting company, is offering 25 million common shares, representing 25% of the total issued and paid-up shares, in an initial public offering (IPO) in the Market for Alternative Investment at the end of September. Payupat Mahabhol, managing director for investment banking at Yuanta Securities (Thailand), a lead underwriter for Bluebik's IPO, said Bluebik shares, with the ticker symbol BBIK, will be open for subscription through Yuanta and Kasikorn Securities, and the brokers' customers will get priority in share allotments. Pochara Arayakarnkul, Bluebik's chief executive, said the IPO was primarily aimed at raising funds for employees' capability enhancement and building a talent pool, which has been deemed a main driving force for the firm's future business expansion. According to the firm's financial statement, Bluebik's revenue has risen from 132.8 million baht in 2018 to 200.5 million baht at the end of 2020, with a compound annual growth rate of 22.9%. Most of the growth was attributed to the firm's rapid expansion of its digital excellence and delivery and management consulting services, which include the development of comprehensive advice and plans on digital application and technology development customised for individual organisations.
Source:Bangkok Post
August 31, 2021 23:48 UTC
TUC aims to reach 2m subscribers by year-end
TUC aims to reach 2m subscribers by year-endTUC introduces popular emcee Kan Kantatavorn (centre) to be its new presenter. The company also introduced popular emcee Kan Kantatavorn as its new presenter. Teeradet Dumrongbhalasitr, co-president of True Corporation, the parent company of TUC, said the pandemic has changed lifestyles regarding work, study and daily activities. The company has introduced popular emcee Kan Kantatavorn as its new presenter for True. Various models of 5G-compatible handsets have been rolled out with reasonable prices and valuable 5G packages, bringing True's 5G subscriber base to 1 million in June.
Source:Bangkok Post
August 31, 2021 23:48 UTC
Hua Hin opts for Phuket's approach
Hua Hin beach in 2018. As of Aug 30, the vaccination rate reached 55% of the 90,564 inhabitants of Hua Hin Municipality, of which 59.2% received the first jab and 22.2% were fully inoculated. Meanwhile, operators in Hua Hin are working with the Public Health Ministry and the Transport Ministry to welcome private jets via Hua Hin airport. Hotels in Hua Hin, with only 56 open of the 200 in total, are applying for the Safety and Health Administration (SHA) Plus standard. Tourists can travel independently or book packages under Hua Hin Recharge, which covers 86.3 square kilometres between Hua Hin Municipality and Nong Kae district.
Source:Bangkok Post
August 31, 2021 23:48 UTC
E-service tax law comes into force
REUTERSThailand will enforce the e-service tax law from Wednesday, following in the footsteps of more than 60 countries around the globe which collect value-added tax (VAT) from foreign e-service operators reaping income in their territories. The Revenue Department has developed a simplified VAT system for e-service (SVE) that enables the foreign e-service providers to register for VAT, file VAT returns and pay VAT electronically. Some 50 foreign e-service operators have registered through SVE, said Finance Minister Arkhom Termpittayapaisith. GIANT DIGITAL PROVIDERSRinlita Srirojpinyo, head of marketing at eBay Thailand, the local operating unit of the US e-commerce giant, said the company has its system ready for the new e-service tax law. The law, however, could encourage foreign e-service operators to register their business in Thailand so expenses incurred locally could be used for deduction from their corporate income tax.
Source:Bangkok Post
August 31, 2021 23:48 UTC
3BB set to issue first debenture
3BB set to issue first debentureTriple T Broadband Plc (3BB) says it will issue a secured long-term three-year debenture at a fixed interest rate of 6.25% per annum and pay interest every three months until maturity. This is the first time the company has issued debentures and they will be offered to institutional investors and high net worth investors. The company delegates authority to four financial institutions: KTBST Holding, Phillip Securities (Thailand), AIRA Securities and ASL Securities Co to determine details in relation to the issuance and offering the debenture. The debenture is expected to be offered between Sept 27-29 this year. As of the second quarter of this year, 3BB has a total of 3.75 million internet subscribers.
Source:Bangkok Post
August 31, 2021 23:48 UTC
BoT says confidence key to spurring recovery
BoT says confidence key to spurring recoveryPublic confidence will be a key factor in boosting the economy after the government eased its strict Covid-19 pandemic restrictions, according to an executive at the Bank of Thailand (BoT). Ms Chayawadee said the BoT would monitor people's confidence regarding spending, travel and other economic activities after the containment measures were relaxed and stimulus measures to encourage domestic consumption were implemented. Domestic consumption in July declined from the previous month across all spending categories, due to the worsening pandemic situation and stricter containment measures. Ms Chayawadee said the BoT would closely monitor Thai exports amid higher external risks, especially trading partners' new infections. While some countries have adjusted their 2021 GDP growth forecasts, the BoT has already priced in such external risk factors for Thailand's export growth assessment.
Source:Bangkok Post
August 31, 2021 23:48 UTC
Covid PR blitz a waste
Covid PR blitz a wasteAfter two years of living with Covid-19, the Thai people have learned many things through multiple lockdowns, increasing fatalities, tremendous misery and hardship. Among them was 105 million baht to be allocated to the Public Relations Department to finance public campaigns aimed at improving Covid-19 health awareness. The Covid-19 pandemic is a public health crisis. It is incumbent on the public health and other related authorities to provide quick and precise information to the public. One of the many problems regarding Covid-19 information so far is the tendency for state agencies to give inconsistent or at times conflicting guidelines or updates.
Source:Bangkok Post
August 31, 2021 23:37 UTC
Eateries set to reopen from Wednesday
Eateries set to reopen from WednesdayRestaurants at CentralWorld in Bangkok prepare to resume services following the easing of lockdown restrictions by the government. Nongchanok Stananonth, assistant vice-president of SLRT Co, operator of Sizzler restaurant under Minor Food Group, said the company is ready on Wednesday to reopen 54 Sizzler restaurants out of the total 60. However, she said Sizzler branches in some locations such as Bangkok, Pattaya and Nakhon Ratchasima remain closed. Minor Food closed 300 restaurants at the end of August and is scheduled to reopen on Wednesday 186 restaurants including those of Sizzler. All of the staff, tenants and workers at The Mall Group totalling more than 10,000 have received the first jab.
Source:Bangkok Post
August 31, 2021 23:26 UTC
Moderna here soon: GPO
Moderna here soon: GPOSome 1.9 million doses of Moderna's Covid-19 vaccine, imported as an alternative vaccine for private hospitals, will arrive in the last quarter of this year, the Government Pharmaceutical Organisation (GPO) said. The 1.9 million doses will be progressively shipped to Thailand from October through to December, the GPO said, adding this will be followed by the delivery of 3.1 million Moderna doses during the first quarter of next year. The orders were made by private hospitals via the GPO. The Moderna vaccine is to satisfy soaring local demand for vaccines produced using mRNA technology. According to the GPO, Zuellig Pharma has constantly been in contact with the manufacturer and was making sure the vaccine can be supplied starting from October.
Source:Bangkok Post
August 31, 2021 23:26 UTC
Endangered Bengal tiger cub born at Nicaragua zoo
Endangered Bengal tiger cub born at Nicaragua zooA baby Bengal tiger is seen only a few days after birth at Nicaragua's National Zoo August 30, 2021MASAYA (NICARAGUA) - A Bengal tiger cub is being cared for by humans at Nicaragua's National Zoo after its mother was unable to produce the milk necessary to feed the latest little addition to the endangered species, the zoo's director Eduardo Sacasa said Tuesday. The tiger, which was born on Saturday, is the fourth of its kind to be born at the National Zoo in Masaya, some 20 miles (30 kilometers) south of the capital Managua. The cub's mother Dalila had given birth to a female white tiger cub -- called Nieve, or snow -- in December, but that baby died of respiratory problems only two weeks later, despite the special care given by the zoo. Nicaragua's National Zoo has two other female tigers that have also given birth. Sacasa said the births give him hope the zoo can be a kind of "genetic center" in protecting the species.
Source:Bangkok Post
August 31, 2021 23:15 UTC
Express your love with this curated gift collection
photo courtesy of Lotus Arts de VivreLotus Arts de Vivre, a leading jewellery and home decorative items brand, will present "The Art Of Gifting", an exclusive collection of meaningful and unique gifts carefully selected by gift experts on its online store, lotusartsdevivre.com, from Friday onwards. The collection will make it easy for those looking for gifts for family members, friends, business partners and even bosses for any occasion from birthdays to wedding anniversaries, housewarming parties and expressions of love and friendship. Featured in the curated gift collection are jewellery, personal collectables and home decor items for both men and women. Also expect to see international brands that mirror Lotus Arts de Vivre's philosophy of excellent craftsmanship, artistry and refinement. One of them is Obsidian, a world authority on vintage Cartier items and other objets d'art from the UK.
Source:Bangkok Post
August 31, 2021 21:11 UTC
The gender gap in retirement
The gender gap in retirementWooden figures of a man and a woman stand on scales with coins between them, symbolising the gender pay gap. The Supreme Court previously ruled that Section 15 of the LPA does extend to the issue of retirement age for different genders too. In this regard, the LPA however does not prescribe a mandatory retirement age. There have been some instances of companies prescribing different retirement ages for employees of different categories and genders. Therefore, based on this court precedent, if employers set a retirement policy for different ages based solely on the gender of the employees, they may have violated the LPA.
Source:Bangkok Post
August 31, 2021 21:11 UTC
Thailand's elderly lag behind in vaccination drive
Thailand's elderly lag behind in vaccination driveA woman gets a shot of a coronavirus disease vaccine at the Central Vaccination Center as Thailand opens a walk-in for the first dose of the AstraZeneca vaccination scheme for elders, people with a minimum weight of 100 kilograms and pregnant women amid the coronavirus outbreak in Bangkok on July 23 this year. In Indonesia, only 17% of the elderly have been fully vaccinated, but that is still higher than the 13% for the total population. The proportion of elderly deaths has risen, pointing to the possible impact of slow vaccinations. Critics of Thailand's vaccination policy blame it in part for a spike to more than 10,000 deaths in a country where fewer than 100 people died of Covid-19 last year. "They should have vaccinated the elderly right after health and frontline workers," said 18-year-old Thippawan Rodinthra, whose 78-year-old grandfather died of Covid-19 last month.
Source:Bangkok Post
August 31, 2021 12:22 UTC