The Conrad Bangkok was alive with a festive buzz, as a glittering gathering of distinguished guests filled the ballroom for the BeLuThai Gala Dinner 2024: “When Magic Happens.” This evening was not just a gala; it was a glamorous spectacle inspired by the star-studded aura of an Oscar night. It epitomized the exceptional collaboration and shared ambition between Belgium, Luxembourg, and Thailand. The night kicked off with Ms. Siriporn Wuttilaohaphan, the President of BeLuThai, delivering heartwarming opening remarks. With a warm smile, she welcomed an array of honored attendees, including Bangkok’s Governor Mr. Chadchart Sittipunt; H.E. Mrs. Sibille de Cartier d’Yves, Ambassador of Belgium to Thailand; H.E. Mr. Patrick Hemmer, Ambassador of Luxembourg to Thailand; the esteemed Honorary President Dr. Sutharm Valaisathien; Mr. Wirat Tatsaringkansakul, Deputy Secretary General of Thailand’s Board of Investment (BOI); Mrs. Vibeke Lyssand Leirvåg, Chairwoman of Foreign Chambers of Commerce (JFCCT); Ms. Janakabhorn Karunayadhaj, the first…
Posts published in “Thailand”
Ngern Tid Lor Public Company Limited recently unveiled significant changes at their Extraordinary General Meeting of Shareholders (e-EGM) no. 1/2024, which took place on June 11, 2024. The meeting was abuzz with approval for a game-changing shareholding and management restructuring plan, featuring the creation of Tidlor Holdings Public Company Limited — simply known as Tidlor Holdings — as a holding company. Following the green light from the Stock Exchange of Thailand (SET) and other regulatory bodies, and upon receiving the thumbs-up from the Securities and Exchange Commission (SEC) for offering new shares, Tidlor Holdings is all set to launch a tender offer. This offer aims to purchase every single share of the Company from its shareholders by issuing and offering new ordinary shares of Tidlor Holdings. The magic number here is the swap ratio of 1:1, making it a straightforward exchange. The tender offer’s grand finale is anticipated in Q4…
A police officer displays an arrest warrant for fraud to one of the three individuals nabbed in Samut Sakhon. (Photo: Central Investigation Bureau) In an impressive crackdown on online scammers, three individuals accused of facilitating mule accounts for deceitful gangs have been apprehended separately in Bangkok and two other provinces. The Economic Crime Suppression Division (ECSD) spearheaded the arrest of two men and one woman — all linked to the sinister web of scam operations. This high-stakes chase is overseen by the Central Investigation Bureau (CIB), which shared the dramatic turn of events this past Thursday. In the buzzing streets of Bangkok, the first suspect, a 19-year-old identified only as Parinthorn, was cornered in front of an apartment complex in Lat Phrao Wang Hin Soi 67, nestled in the Lat Phrao district. The young man was sought after by an arrest warrant issued by the Chiang Mai Juvenile and Family…
Aboitiz Power Corporation (AboitizPower), a leading energy giant in the Philippines, has joined forces with REPCO NEX, a subsidiary of SCG Chemicals (SCGC), renowned for its integrated industrial and digital solutions, to embark on a groundbreaking venture known as the Arkanghel Project. This initiative is set to revolutionize the power industry by developing the first smart power plant in the Philippines, leveraging the power of Digital Twin technology to enhance stability in power production. This innovative project is in sync with the increasing energy demand trend in the ASEAN region and is geared towards reducing greenhouse gas emissions and combating climate change. The Arkanghel Project aims to create an advanced Digital Twin model for power plants. By mirroring internal operations virtually, this cutting-edge technology will allow energy producers to precisely forecast actual performance while factoring in environmental conditions. Such digital simulations pave the way for optimizing operational strategies across various…
The State Enterprise Policy Office (Sepo) is gearing up to form a specialized committee to oversee the management of state-owned securities. This move is particularly significant given that these securities encompass a staggering value exceeding 400 billion baht, including both those listed on the stock exchange and those that aren’t. It’s a strategic maneuver aimed at boosting efficiency and maximizing returns. Tibordee Wattanakul, Sepo’s director-general, highlighted that the office currently holds an extensive portfolio of over 100 different securities. These securities have origins as varied as government policy acquisitions and transfers mandated by court orders. Historically, the process of selling these securities has been sluggish, hampered by ambiguous guidelines, especially concerning non-listed securities lacking a defined reference price. “With this new panel, we’re looking to take a unified approach to determine the best course of action for these state-held securities,” Tibordee elaborated. “The goal is to decide whether to retain…
Police and security officers meticulously examined the site of a tragic gun attack that took place on a peaceful local road in Nong Chik district, within the heart of Pattani province, on a somber Thursday morning. (Photo: Abdullah Benjakat) PATTANI: In a shocking turn of events, a hardworking employee of a local administration organization was brutally killed in a gun attack along a road in Nong Chik district early Thursday. The fatal assault transpired on the secluded road of Village Moo 1 in tambon Kholotanyang, as per the broadcast from Nong Chik police station’s radio center. The distressing incident was documented at approximately 7:25 am. Upon their arrival at the grim scene, police officers discovered the lifeless body of Thammarong Phromprasit, aged 43, lying tragically near his toppled motorcycle. Mr. Phromprasit was a valued employee of the Kolotanyong tambon administration organization (TAO). Initial police investigations indicate that the unfortunate victim…
Picture this: Passengers eagerly awaiting their adventure at the bustling Bang Sue station in Bangkok. The atmosphere is electric with anticipation, as everyone is eager to board a train that promises not just a journey, but a thrilling experience. (Photo: Varuth Hirunyatheb) In an astounding leap towards enhanced connectivity, train travel between Bangkok and Beijing is becoming tantalizingly within reach. As Thailand edges closer to expanding its rail network, the excitement is palpable. The State Railway of Thailand (SRT) has revealed plans to trial a service between Bangkok and Vientiane, the capital of Laos, on July 13 and 14. According to Ekarat Sriarayanphong, an official at the railway agency, this new link will transform transportation between the two nations and extend all the way to China. Can you feel the anticipation building? The Thailand-Laos connection isn’t just a new route; it’s an adventure waiting to unfold! Imagine traveling from the…
Alliance Laundry Systems (ALS), the world’s premier commercial laundry manufacturer, recently celebrated a remarkable milestone—its five-year anniversary of its Manufacturing Plant in vibrant Thailand. The joyous event saw the participation of ALS’s top brass, including CEO Michael Schoeb, COO International Jan Vleugels, and Managing Director of Alliance Laundry Thailand, Benjamin Dobbs, who offered invaluable insights into the company’s incredible journey, ambitious expansion plans, and steadfast commitment to sustainability. With a legacy spanning over a century, Alliance Laundry Systems has firmly established a global footprint, delivering exceptional quality and reliability in over 150 countries. “Our unwavering commitment to quality and relentless innovation has been the bedrock of our success,” remarked CEO Michael Schoeb. “Our products are synonymous with excellence, designed for professional operators to ensure unmatched reliability, longevity, and efficiency.” Recognizing the imperative of environmental stewardship, Alliance Laundry Systems has woven sustainability into its operational fabric. “Sustainability is an elemental principle…
Double A is gearing up to roll out bonds 1/2024, valued at a substantial 2.5 billion baht, with subscription windows open from 1-4 July 2024. Known for its robust performance, Double A has earned a BBB (Stable) rating from TRIS Rating, underscoring the business’s solid foundation. Double A (1991) Public Company Limited is set to bring these bonds to the public (PO). The first series boasts a 3-year and 9-month term, maturing in 2028, with a fixed annual interest rate of 4.95%. Meanwhile, the second series extends over a 7-year term, maturing in 2031, featuring a fixed annual interest rate of 5.80%. Investors will enjoy interest payments every three months throughout the bond period. The minimum subscription is pegged at 100,000 baht, with increments of the same amount, capping the total offering at 2.5 billion baht. The primary goal of issuing these bonds is to refinance maturing ones. Remarkably, Double…
In a riveting turn of events, seven ambitious bidders have successfully qualified to participate in an exciting auction for 15,000 tonnes of rice leftover from the Yingluck Shinawatra administration’s famed rice-pledging scheme. Deputy Prime Minister and Commerce Minister Phumtham Wechayachai has confirmed that this highly-anticipated auction, involving the last vestiges of a decade-old stockpile, will proceed as planned next Monday. The buzz around the auction has been palpable, with eight companies eagerly throwing their hats into the ring, submitting the necessary documents to prove their qualifications earlier this week. After rigorous screening, seven resilient contenders emerged victorious, gaining the green light to place their bids. The stage is set for a competitive showdown, with bids being accepted from 9 AM until noon and victors expected to be announced on June 21. This intriguing drama unfolds against the backdrop of the storied Kittichai and Poolphol warehouses in the enchanting province of…