Thailand Finance – Aisa Net Sat, 08 Jan 2022 19:29:00 +0000 en-US hourly 1 Thailand Finance – Aisa Net 32 32 Potassium Chloride Market 2022: Prices Rise 50% After Sanctions Against Belarus Fri, 07 Jan 2022 14:00:00 +0000

A prolonged price hike is expected in the global potassium chloride (POM) market due to expected supply chain disruptions after the US, UK, Canada and EU countries imposed sanctions on a major supplier, Belarus Potash Company (BPC). Another factor in the price growth will be Canada’s limited exports. MOP prices have already started to increase in Brazil due to supply delays.

LOS ANGELES, Jan. 7, 2022 (GLOBE NEWSWIRE) – According to a recent report by market research firm IndexBox, the average annual price of MOP is expected to rise 50% year-on-year to nearly $ 325 per tonne in 2022, based on a World Bank forecast. Sanctions against the Belarus Potash Company (BPC) imposed by the US, UK, Canada and the EU could lead to global supply chain disruptions. Combined with limited production in Canada, the world’s largest supplier of potassium chloride, this can cause local shortages in consuming countries and drive up prices. World Bank data indicates that the average price of MOP was $ 221 per tonne in November 2021.

Supply delays hit Brazil hardest, pushing spot prices for potassium chloride to $ 825 per tonne in the first week of November 2021. Shipments from Canada, Russia and the United States Belarus constitute 84% of the volume of Brazilian imports of MOP.

Under pressure from sanctions, Belarus is redirecting its export flows to countries in Asia and South America, dramatically increasing the supply of MOPs from China, Thailand, Korea, Malaysia and from Argentina. Belarus occupies third place in the ranking of the main exporters of potassium chloride, after Canada and Russia.

Main exporters of MOPs in the world

Canada was the main exporting country with an export of around 21 million tonnes, which finished at 42% of total exports. Russia (9.2 million tonnes) was second in the ranking, followed by Belarus (7.7 million tonnes), Germany (3.4 million tonnes) and Israel (3.3 million tonnes). All these countries together occupied approx. 47% share of total exports. Jordan (2 million tonnes) and the United States (1.2 million tonnes) took a minor percentage of total exports.

In terms of value, Canada ($ 4.5 billion) remains the world’s largest supplier of potassium chloride, accounting for 37% of global exports. The second place in the ranking was occupied by Belarus ($ 1.9 billion), with a 16% share of world exports. It was followed by Russia, with a share of 14%.

Main importers of MOPs in the world

The United States (12 million tonnes), Brazil (11 million tonnes) and China (8.8 million tonnes) accounted for about 58% of total potassium chloride (MOP) imports in 2020. India (5.1 million tonnes) had a 9.3% share (tonnes basis) of total imports, placing it in second place, followed by Indonesia (5.2%). The following importers – Malaysia (1.3 million tonnes), Belgium (1.1 million tonnes), Vietnam (1.1 million tonnes) and Poland (1 million tonnes) – each finished at a share of 8 , 1% of total imports.

In terms of value, Brazil ($ 2.8 billion), the United States ($ 2.5 billion) and China ($ 2.1 billion) appeared to be the countries with the lowest import levels. higher in 2020, together accounting for 55% of world imports. India, Indonesia, Malaysia, Belgium, Vietnam and Poland lag somewhat behind, accounting for an additional 23%.

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Companies mentioned in the report. Potassium Chloride Manufacturers

Belarus Potash Company, Aarti Industries, Israel Chemicals, Uralkali, Cargill, Agrium, JSC Belaruskali, PotashCorp, Jiangsu Kolod, Nanchang BASF, Surya Fine Chem, Bostick & Sullivan, KS Kali GmbH, Mark-Chem, Heena Pharm, K + S Group , AKSELL, Mayur Chemical Industries, Lianyungang Hengsheng, Shaanxi Top Pharm, Superior Supplement Manufacturing, Superior Supplement Manufacturing, Tricura Gmbh & Co., Aurepio, Calmags Gmbh, Compag Handels Gmbh, Jäklechemie Gmbh & Co., Donauchem Gmbh, Prochem.


Global Potassium Chloride (POM) Market Analysis, Forecast, Size, Trends and Information

World – Crude Potash Salts (K2O Content) – Market Analysis, Forecast, Size, Trends and Information

World – NPK Fertilizers – Market Analysis, Forecast, Size, Trends and Information

World – Potassium Fertilizers (Minerals and Chemicals) – Market Analysis, Forecast, Size, Trends and Information

EU – Potassium Chloride (POM) – Market Analysis, Forecast, Size, Trends and Information

CONTACT: Contact Information Mekhrona Dzhuraeva Editor

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Global Metal Recycling Equipment Market (2021-2028) Thu, 06 Jan 2022 21:15:00 +0000

DUBLIN, January 6, 2022 / PRNewswire / – The report “Metal Recycling Equipment Market Size, Share and Trend Analysis Report by Equipment (Baler, Mill, Granulator, Shear, Separator), Region and Forecast segment, 2021-2028 ”has been added to offer.

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The global metal recycling equipment market size is expected to reach $ 9.93 billion by 2028. It is expected to increase at a CAGR of 6.1% from 2021 to 2028.

The growing demand for recycled metals from various end-use industries, coupled with the increasing production of scrap metal globally, is expected to drive the demand for metal recycling equipment.

The demand for recycled metals is growing rapidly from the construction, automotive, electronics, food and beverage sectors due to the product’s environmental friendliness and its ability to help reduce emissions, energy consumption and production cost, thereby increasing the demand for metal recycling equipment in the years to come.

Growing concerns about the depletion of non-renewable resources, coupled with the high cost of manufacturing primary metals, have increased the demand for metal recycling in various end-use industries. In addition, in various developing countries, the government is focusing on improving recycling infrastructure, thereby increasing the demand for equipment.

The emergence of modern technologies has proven to be effective in terms of identifying different types of metals, especially ferrous. The growing demand for scrap metal has forced the scrap yards to install technologically advanced and sophisticated recycling equipment, thus fueling the growth of the market.

Highlights of the Metal Recycling Equipment Market Report

  • By equipment, the baler accounted for the largest revenue share of over 20.0% in 2020 due to the implementation of regulatory frameworks and growing investments in metal recycling services, which led to companies to strengthen their metal recycling capacities.

  • The separation equipment segment accounted for the second largest revenue share in 2020 due to the growth of electronic waste coupled with the increasing attention of market players on recycling, disposal and reuse of metals to ensure safe durability

  • The grinding equipment segment is expected to grow at the fastest CAGR of 6.8% from 2021 to 2028 owing to the benefits of recycling, such as inducing manufacturers to opt for secondary metal production processes for profitable and environmentally friendly manufacturing.

  • Asia Pacific dominated the market and accounted for over 40.0% share of global turnover in 2020. This is due to the growth of industrial construction and infrastructure activities in emerging countries, such as India, Vietnam, Thailand, and Malaysia

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Metals Recycling Equipment Market Variables, Trends and Scope
3.1. Market segmentation and scope
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.4. Regulatory framework
3.5. Metal Recycling Equipment Market – Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Analysis of market restrictions
3.5.3. Industry challenges
3.6. Business Environment Analysis: Metal Recycling Equipment Market
3.6.1. Industry Analysis – Porter’s Supplier power Purchasing power Threat of substitution Threat of new entrants Competitive Rivalry
3.6.2. PESTEL analysis The political landscape Environmental landscape Social landscape Technological landscape Economic landscape Legal landscape

Chapter 4. Impact assessment of COVID-19

Chapter 5. Metal Recycling Equipment Market: Equipment Estimates and Trend Analysis
5.1. Metal Recycling Equipment Market: Analysis of Equipment Movement, 2020 and 2028
5.2. Baler
5.2.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.3. Crushers
5.3.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.4. Granulators
5.4.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.5. Shears
5.5.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.6. Separators
5.6.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.7. Others
5.7.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

Chapter 6. Metal Recycling Equipment Market: Regional Estimates and Trend Analysis

Chapter 7. Metal Recycling Equipment Market: Competitive Analysis
7.1. Key players, recent developments and their impact on the industry
7.2. Categorization of key companies / competitions
7.3. Supplier landscape
7.4. Competitive dashboard analysis
7.5. Public enterprises
7.5.1. Analysis of the company’s position on the market
7.6. Private companies
7.6.1. List of the main emerging companies and their geographical presence

Chapter 8. Company Profiles
8.1. Kiverco
8.1.1. Company presentation
8.1.2. Financial performance
8.1.3. Comparative analysis of products
8.1.4. Strategic initiatives
8.2. General Kinematics Society
8.2.1. Company presentation
8.2.2. Financial performance
8.2.3. Comparative analysis of products
8.2.4. Strategic initiatives
8.3. Marathon equipment
8.3.1. Company presentation
8.3.2. Financial performance
8.3.3. Comparative analysis of products
8.3.4. Strategic initiatives
8.4. American Baler Company
8.4.1. Company presentation
8.4.2. Financial performance
8.4.3. Comparative analysis of products
8.4.4. Strategic initiatives
8.5. Danieli Centro Recycling
8.5.1. Company presentation
8.5.2. Financial performance
8.5.3. Comparative analysis of products
8.5.4. Strategic initiatives
8.6. Recycling systems Forrec Srl
8.6.1. Company presentation
8.6.2. Financial performance
8.6.3. Comparative analysis of products
8.6.4. Strategic initiatives
8.7. BHS Sonthofen
8.7.1. Company presentation
8.7.2. Financial performance
8.7.3. Comparative analysis of products
8.7.4. Strategic initiatives
8.8. Metso Corporation
8.8.1. Company presentation
8.8.2. Financial performance
8.8.3. Comparative analysis of products
8.8.4. Strategic initiatives
8.9. Recyclage JMC Ltée
8.9.1. Company presentation
8.9.2. Financial performance
8.9.3. Comparative analysis of products
8.9.4. Strategic initiatives
8.10.1. Company presentation
8.10.2. Financial performance
8.10.3. Comparative analysis of products
8.10.4. Strategic initiatives
8.11. CP Fabrication, Inc.
8.11.1. Company presentation
8.11.2. Financial performance
8.11.3. Comparative analysis of products
8.11.4. Strategic initiatives
8.12. Manufacture of recycling equipment
8.12.1. Company presentation
8.12.2. Financial performance
8.12.3. Comparative analysis of products
8.12.4. Strategic initiatives
8.13. Eldan Recycling A / S
8.13.1. Company presentation
8.13.2. Financial performance
8.13.3. Comparative analysis of products
8.13.4. Strategic initiatives
8.14. MHM recycling equipment
8.14.1. Company presentation
8.14.2. Financial performance
8.14.3. Comparative analysis of products
8.14.4. Strategic initiatives
8.15. Ceco Equipment Ltée
8.15.1. Company presentation
8.15.2. Financial performance
8.15.3. Comparative analysis of products
8.15.4. Strategic initiatives

For more information on this report, visit

Media contact:

Research and markets
Laura Wood, senior

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Thai Union restructures US pet trade Tue, 04 Jan 2022 15:43:33 +0000

Thai Union’s subsidiary i-Tail Corporation Public Company Limited has established i-Tail Americas, Inc. to take care of its pet food business in the United States, Thai Union said in a statement on January 4.

i-Tail Corporation will take full ownership of i-Tail Americas, Inc., which will have a share capital of $ 5 million (4.4 million euros). The new company will buy shares of US Pet Nutrition, a US pet food distributor owned by Thai Union North America Inc.

Following the launch of i-Tail Corporation in 2021, the latest restructuring transaction in the U.S. market is expected to further strengthen Thai Union’s pet food business and support its growth in the industry, the company said.

“Thai Union’s PetCare business has seen strong annual growth over the past few years, especially during the pandemic when people adopted more pets and spent more money caring for them and feed them. The creation of i-Tail Americas will give us greater flexibility in the management of our business, as the domestic and global markets are growing rapidly, ”said Roy Chan, CEO of i-Tail Corporation. “At i-Tail, we are committed to providing healthy lifestyles for all pets, and our Thai Union’s global innovation center has led the way in global pet innovation and product development. “

Thai Union said in November last year that its third-quarter PetCare and value-added sales jumped 11.4% from the same period in 2020, mainly on strong demand for animal feed from company in the market and its new products.

However, the company’s gross margin on PetCare products and value-added activities from July to September fell to 23.6% from 26.2% a year earlier due to the temporary closure of a factory in September. Thailand due to coronavirus infections and rising costs of transporting pet food. some products.

Photo courtesy of i-Tail Corporation / Thai Union

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New Year’s Trend: The Demand For Tech Roles Here To Stay Sun, 02 Jan 2022 22:45:00 +0000

Nicolas Dumoulin, senior managing director, Michael Page India and Thailand, told FE that when there is a change, the increase in jobs increases by 25-30%.

Technology roles will continue to be in demand during the current calendar year across industries as digital transformation remains key for businesses. Overall, the year 2022 is expected to see an increase of around 30-40% in hiring at all levels compared to 2021, while salaries could see an increase of more than 10%, which is considerably more. higher than the last five years.

According to Michael Page, from a salary perspective, expectations have risen dramatically due to increases occurring in different industries and markets. Nicolas Dumoulin, senior managing director, Michael Page India and Thailand, told FE that when there is a change, the increase in jobs increases by 25-30%.

“It can go further up to 50-100% depending on the position and the industry in which the individual works,” he said.

Siddhartha Gupta, CEO of Mercer | Mettl, said: “The ‘Big Resignation’ allowed employees to leverage the employee-employer relationship, and thus negotiate wages and benefits. As a result, recruiters will need to rethink their strategy to attract top talent. “

As IT companies will need to support the digitization journey, they will remain a major employer in the year to come. However, companies in industries like telecommunications, communications, media, manufacturing, and even restaurants and hotels will consider hiring serious tech talent in 2022.

Vijay Sivaram, CEO of Quess IT Staffing, said: “The focus will be on automation at an all time high. In addition, tech professionals will continue to be in high demand, although attrition stabilizes and organizations focus on improving skills ”.

True, Accenture in India has said it will continue to hire for in-demand skills in areas such as digital, cloud, security, data and AI, as well as platform skills and other core skills. Lakshmi C, Managing Director and Head (Human Resources), Accenture India, said, “We are also recruiting experts in a variety of industries, including financial services, consumer goods and services, and life sciences, as well as functional experts in finance and accounting, marketing, procurement and supply chain.

At Walmart Global Tech India (WGTI), the focus will be on building a cross-functional leadership team, including members of technology, product, design and business operations. Hari Vasudev, Country Head and Senior Vice President (Technology), WGTI said: “We will continue to invest and accelerate in the areas of cloud, big sata and AI / ML to create compelling solutions for our customers. clients.

Executive hiring is expected to increase by 20-25% over the next year, while mid-level hiring is expected to increase by 30-40%. “Both traditional and new age businesses will focus on strengthening their leadership teams. While the increase in commercial activity will lead to an expansion and growth in mid-to-junior level hiring, ”said Dumoulin.

In terms of sectors, recent findings from ManpowerGroup show that IT and tech employers have the strongest hiring intentions with net employment prospects of over 60% in the top three. month of 2022. Vigorous hiring activity is expected in restaurants and hotels, and the banking, finance, insurance and real estate sectors with prospects of 56% over and over 52%, respectively. Employers in the manufacturing and education, health, social work and government sectors also expect a strong hiring rate, while the outlook for the wholesale and retail sector s ‘amount to more than 42%. Employers in the construction and primary production sectors are also forecasting good payroll increases over the next year.

Sandeep Gulati, Managing Director of ManpowerGroup India, said the increase in hiring prospects reflects the continued confidence of employers in achieving a post-pandemic recovery.

However, the human resources industry is aware of the concerns that the new variant of Covid-19 Omicron poses for companies’ hiring plans. Aditya Narayan Mishra, Director and CEO of CIEL HR Services, said, “In the event that infections caused by Omicron increase, we may see restrictions on the movement of people. As a result, hiring in industrial sectors such as manufacturing, retail, infrastructure, travel, hospitality and entertainment will be affected. “

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RCEP set to help support global recovery and create 2.8 million jobs Fri, 31 Dec 2021 23:21:50 +0000

The Comprehensive Regional Economic Partnership Agreement, which enters into force today, is expected to significantly boost regional and global economies and offer lessons for international cooperation.

The trade pact will increase regional revenues by 245 billion dollars and create 2.8 million jobs, economists estimate.

“RCEP is a huge and potentially powerful agreement between rich and poor countries that complements each other’s strengths,” Peter Petri, professor of international finance at Brandeis University in the United States, told China Daily.

“For example, it has favorable rules for parts and components trade, and these could help developing members benefit from partnerships with more advanced countries, making the region a safe haven for some of the supply chains. most efficient in the world, ”he said.

“If its potential is realized, RCEP would create larger markets and innovative and affordable products for the global economy,” he added.

Signed in November of last year by 15 Asia-Pacific economies, the 10 member states of the Association of Southeast Asian Nations, China, Japan, South Korea, Australia and New Zealand, the deal created the largest free trade bloc in the world, accounting for around one-third of the world’s population and gross domestic product.

It will take effect in 10 member states (Brunei, Cambodia, Laos, Singapore, Thailand, Vietnam, China, Japan, New Zealand and Australia) on January 1 and for the other five members 60 days after the official deposit of the ratification, of acceptance or approval. South Korea will see it come into effect on February 1.

According to a recent study by Petri and Michael Plummer, professor of international economics at Johns Hopkins University in the United States, RCEP is expected to increase global trade by nearly $ 500 billion per year by 2030 and increase revenues. worldwide by $ 263 billion per year.

“Several aspects of the agreement will have significant economic effects, although the RCEP is not as ambitious in scope as, say, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,” Plummer told China Daily.

“For example, this will create harmonized and cumulative rules of origin for intra-RCEP trade, which should give a significant boost to regional supply chains, at a time when supply chains face challenges. headwinds, ”he said.

The deal will cut tariffs on about 90 percent of traded commodities and reduce some non-tariff barriers to trade in goods and services, according to Plummer. “It is important to note that this will create a free trade area between the Northeast Asian economies of China, Japan and South Korea, giving a particularly strong boost to trade and production in the field of advanced manufacturers, “he added.

The two economists’ study, published by the East Asian Economic Review, estimates that RCEP is expected to increase regional revenues by $ 245 billion permanently and create 2.8 million jobs in the region, which Plummer said. described as “a significant boost”.

“In addition to its salutary effects on world income and trade, the RCEP offers a significant boost to the opening of international markets, with very few negative effects on external economies in the form of trade diversion”, Plummer said.

In addition, RCEP shows how developed and developing countries can work together to include the interests of countries at all levels of economic development, he said.

“This could contain important lessons for the WTO, which has found itself at an impasse with the Doha Development Agenda in large part because it has not been able to take sufficient account of the interests of the developed and developing economies, ”Plummer said.

Petri also noted that the success of RCEP will depend on how countries with different systems work together to ensure the success of the agreement.

“If the benefits are widely shared and the relationship is positive, members will fully implement the agreement and may even expand its scope,” he said. “RCEP could become a model of cooperation in an unusually diverse economic region. “

  • Keywords: global recovery, RCEP
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Global Environmental Consulting Services Market Report 2022 Thu, 30 Dec 2021 13:07:00 +0000

Leading companies in the environmental consulting services market include Jacobs Engineering Group Inc., Tetra Tech Inc., Arcadis NV, Sweco AB, Stantec Inc., John Wood Group PLC, Suez Environnement SA, Environmental Resources Management, WSP Global Inc.

New York, December 30, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Environmental Consulting Services Global Market Report 2022” –
and Ramboll Group A / S.

The global environmental consulting services market is expected to grow from $ 56.39 billion in 2021 to $ 63.03 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly driven by companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. The market is expected to reach $ 93.61 billion in 2026 at a CAGR of 10.4%.

The Environmental Consulting Services (ECS) market includes the sale of environmental consulting services and related goods by entities (organizations, sole proprietorships and partnerships) that provide advice, assistance and action plans to organizations and governments to manage their environment. prevention of environmental contamination, toxic substances, safety advice, waste management and pollution control.

Environmental consulting services undertake processes where human capital is the main input. They make the knowledge and skills available to their employees, often on an assignment basis, where one person or team is responsible for delivering services to the client.

The main types of environmental consultancy services are site remediation consultancy services, other environmental consultancy services, water and waste management consultancy services, environmental management, compliance and due diligence. Site remediation consulting services provide advice and assistance to businesses and other organizations on activities such as controlling environmental contamination with pollutants, toxic substances and hazardous materials.

These services are used by various sectors such as mining, manufacturing and processing industries, energy and utilities, government and regulators, infrastructure and development, etc. The different service providers include large companies, small and medium enterprises.

North America was the largest region in the environmental consulting services market in 2021. Western Europe was the second largest region in the environmental consulting services market.

The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Sustainable development refers to the economic growth of a country or region, without or with a minimum depletion of natural resources. The United Nations has established Sustainable Development Goals for all of its members with an agenda to ensure responsible growth until 2030.

These objectives include ensuring the availability and equitable access to drinking water, improving water quality by reducing pollution and preventing the dumping of hazardous wastes, building safe infrastructure and resilient, integrating measures to combat climate change into national policies and promoting the sustainable use of marine and land resources. Investments to achieve these goals are expected to stimulate demand for services from environmental service companies.

Environmental consulting companies are increasingly promoting the use and installation of IoT technologies that can help businesses and governments monitor and preserve the environment. For example, environmental sensors measure pollution causing particles in the air and water, thereby monitoring the quality of the air or water.

They also detect radiation and dangerous chemicals in the environment. IoT technologies can also offer efficient solutions for waste collection and disposal.

Smart waste collection systems could help track waste levels in trash cans, provide transportation optimization and operational analyzes, saving on government assets and minimal fuel consumption.

The coronavirus disease (COVID-19) outbreak has acted as a constraint on the environmental consulting services market in 2020 as governments have imposed lockdowns and trade restrictions globally, limiting the need professional services. COVID-19 is an infectious disease along with the flu. like symptoms such as fever, cough, and difficulty breathing.

The virus was first identified in 2019 in Wuhan, Hubei Province in the People’s Republic of China, and has spread around the world, including Western Europe, North America and Asia. Measures taken by national governments to contain transmission have resulted in a decline in economic activity with countries entering a state of ‘containment’ and the outbreak negatively impacting businesses throughout 2020 and until 2021.

However, the environmental consulting services market is expected to recover from the shock during the forecast period as it is a ‘black swan’ event and not related to lingering weaknesses. or fundamentals of the global market or economy.

The countries covered by the environmental consulting services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway , Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, United Kingdom, United States, Venezuela, Vietnam.

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Incentives envisaged to pave the way for startups Mon, 27 Dec 2021 01:55:00 +0000

Minister of Finance Arkhom Termpittayapaisith

The government plans to use tax incentives to support the growth of startups, said Finance Minister Arkhom Termpittayapaisith.

He said the measure could be either an income tax cut or an income tax exemption for Thai and foreign venture capital funds that invest in startups. The Ministry of Finance is working on the details of the plan.

The government introduced new tax incentives and measures this year to promote local businesses and ensure fair treatment in the tax system, as well as to increase the country’s revenue.

A new tax introduced this year is the Electronic Services Tax, which came into effect from September.

This law states that foreign electronic service providers and electronic platforms that earn revenues of more than 1.8 million baht per year by providing electronic services to customers not registered for VAT (value added tax ) in the country are required to register for VAT, file VAT returns. and pay the VAT by calculating the exit tax.

More than 100 online platform operators have already registered to pay VAT in Thailand.

Thailand’s enforcement of the Electronic Services Tax Law follows in the footsteps of more than 60 countries around the world that collect VAT from foreign electronic service operators with revenue in their territory.

A source from the ministry who requested anonymity said Thailand was undertaking a reform of the tax system to increase its revenue.

The government spent more recently to mitigate the impact of the protracted pandemic and kept the VAT rate at 7% for another two years, instead of the cap rate of 10%.

The administration also introduced two emergency loan decrees to allow it to borrow 1.5 trillion baht to fight the pandemic lull and inflate the declining economy.

In related news, the government missed its revenue-raising target. In fiscal 2021, which ended in September, it collected net income of 2.370 billion baht, below the target of 307 billion baht. This figure is 0.7% lower than the amount for the same period last year.

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Thailand’s Central Distribution Group Signa Acquires Selfridges | KOLR Fri, 24 Dec 2021 11:31:47 +0000


A general view of the Selfridges department store in London on Friday, December 24, 2021. The Thai Core Group and Signa from Austria have confirmed their intention to purchase British luxury department store chain Selfridges. The deal, worth an estimated £ 4 billion ($ 5.4 billion), adds to Central and Signa’s collection of chic retailers, which includes Rinascente in Italy, Illum in Denmark, Globus in Switzerland. and The KaDeWe Group in Germany and Austria. (AP Photo / Alastair Grant)

BANGKOK (AP) – Central Thai group and Austrian real estate group Signa on Friday announced plans to buy UK luxury department store chain Selfridges.

The deal, worth an estimated £ 4 billion ($ 5.4 billion), adds to Central’s collection of chic retailers that includes Rinascente in Italy, Illum in Denmark, Globus in Switzerland and The KaDeWe. Group in Germany.

Selfridges was founded in 1908 by Harry Gordon Selfridge and is controlled by the billionaire Weston family of Canada. The group owns 18 department stores including a historic property in London’s Oxford Street shopping district.

Central is the retail flagship of the Thai billionaire Chirathivat family. Selfridges is a nice trophy as it grows globally from its base in Thailand, where the retail conglomerate has numerous department stores and malls.

“We look forward to working with the leadership teams and colleagues of the Selfridges Group as we seek to build a premier luxury retail business,” said Tos Chirathivat, Executive Chairman and CEO of Central in a statement. .

Signa Holding was founded by Austrian real estate investor René Benko. In 2019, it partnered with RFR Holding to purchase the iconic Chrysler Building in New York City.

W. Galen Weston acquired Selfridges in 2003. The company was put up for sale after his death in April.

His daughter, Alannah Weston, who is President of Selfridges Group, said the sale was the “successful fulfillment of my father’s vision for an iconic group of beautiful, truly experiential department stores.”

The acquisition took months of negotiations and is subject to regulatory approvals.

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Live news: France is expanding its business support program in the event of a pandemic Tue, 21 Dec 2021 13:32:06 +0000

Strong Nike sales in the United States and Europe helped offset pandemic challenges in China and Asia-Pacific in the second quarter and supported a better-than-expected result for the sportswear maker.

Nike said on Monday it continued to manage the impact of supply chain disruptions on the market, but chief executive John Donahoe said the company was, overall, “in a much more competitive position. strong today than it was 18 months ago “.

These supply chain disruptions were most notable in Asia, with the US-based company reporting that revenues in China and the Asia-Pacific and Latin America regions declined “largely due to the decline. levels of available stocks resulting from plant closures linked to Covid-19 ”.

While these closures have negatively impacted the company’s overall portfolio, management said North America and Europe, the Middle East and Africa experienced growth due to ” higher levels of inventory in transit as we enter the second quarter ”.

Pekingese walk past a Nike store in the Chinese capital © Nicolas Asfouri / AFP via Getty Images

Three months ago, Nike spoke of the “constant normalization” of physical retailing as pandemic-era restrictions eased, but it was before the latest wave of measures that a growing number of countries have taken in recent weeks to stem the spread of the Omicron variant of the coronavirus.

Overall, Nike reported revenue of nearly $ 11.36 billion in the three months ended November 30. It was up 1% from a year ago, excluding currency fluctuations, but topped by about $ 100 million what analysts predicted in a Refinitiv survey.

Net income of $ 1.34 billion, up 7% from a year ago, beat Wall Street’s median forecast of $ 1.01 billion.

Nike’s direct-to-consumer channel sales were up 8% from a year ago in the second quarter. This was led by North America, where the company said it had record sales for Nike Direct during Black Friday week around the Thanksgiving holiday in the United States.

Nike stock rose 4.8% on Monday afternoon.

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Pandaw draws funds to weather Covid storm Sun, 19 Dec 2021 23:15:21 +0000

SINGAP0RE, December 20, 2021: Pandaw Expeditions is making a comeback after securing funding to restart cruises in September 2022, overturning an earlier decision to shut down the company.

A pioneer of luxury river cruises in Southeast Asia and India, the company announced last November its closure after the Covid-19 pandemic immobilized the entire fleet of riverboats in India, Mayanmar in Thailand, Cambodia and Vietnam for more than two years.

A statement released by Pandaw founder Paul Strachan confirmed that the company has secured funding to run it through September 2022, when it intends to restart operations on Asian waterways.

The Strachan family, owners of Pandaw, have been successful in securing additional funding to cover the costs of downtime and refurbishing the ship for a restart scheduled for next fall. They plan to keep the business in the family and revive the marketing activity once all remaining travel restrictions are lifted.

Strachan commented, “If it hadn’t been for the incredible support from members of the Pandaw community, with so many kind words evoking memories of amazing experiences with us, I think we would have thrown in the towel. A big thank you to all our supporters for upping their spirits after almost two years of hell “.

Meanwhile, the destinations where Pandaw offers river cruises are slowly reopening, with India, Thailand and Cambodia taking the lead in welcoming vaccinated travelers. Parts of Laos and Vietnam will be accessible in January 2022 to vaccinated travelers, leading to a full return of river cruises by September 2022.

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