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Sheriff: Gunman Kills 6, Including Ex-wife, in Mississippi

Law enforcement personnel investigate the scene of multiple shootings on Arkabutla Dam Road in Arkabutla, Miss on Friday, Feb. 17, 2023. Six people were fatally shot Friday at multiple locations in a small town in rural Mississippi near the Tennessee state line, and authorities blamed a lone suspect who was arrested and charged with murder. (AP Photo/Nikki Boertman)

ARKABUTLA, Miss. (AP) — A lone gunman killed six people including his ex-wife and stepfather Friday at multiple locations in a tiny rural community in northern Mississippi, the sheriff said, leaving investigators searching for clues to what motivated the rampage.

Armed with a shotgun and two handguns, 52-year-old Richard Dale Crum opened fire at about 11 a.m. and killed a man in the driver’s seat of a pickup truck parked outside a convenience store in Arkabutla, near the Tennessee state line, Tate County Sheriff Brad Lance said.

Deputies were working the crime scene when a second 911 call alerted authorities to another shooting a few miles away. After arriving at a home, they found a woman, whom the sheriff identified as Crum’s ex-wife, shot dead and her current husband wounded.

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Law enforcement personnel investigate the scene of multiple shootings on Arkabutla Dam Road in Arkabutla, Miss on Friday, Feb. 17, 2023. (AP Photo/Nikki Boertman)

Lance said deputies caught up with Crum outside his own home and arrested him. Behind the residence they found two handymen slain by gunfire — one in the road, another in an SUV. Inside a neighboring home, they discovered the bodies of Crum’s stepfather and his stepfather’s sister.

“Everybody has crime, and from time to time we have violent crime, but certainly nothing of this magnitude,” Lance said in an interview. He added: “Without being able to say what triggered this, that’s the scary part.”

Crum, 52, was jailed without bond on a single charge of capital murder, and Lance said investigators were working to bring additional charges. It was not immediately known if Crum had an attorney who could speak on his behalf.

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Law enforcement personnel work at the scene of a shooting, Friday, Feb. 17, 2023, in Arkabutla, Miss. Six people were fatally shot Friday. (Adam Itayem/NewsNation via AP)

That initial murder charge was for the killing of Chris Eugene Boyce, 59, the man who was shot outside the store. Boyce’s brother was in the truck with him at the time and fled, according to the sheriff. Lance added that Crum chased the brother through a wooded area before he escaped unharmed.

Deputy Tate County Coroner Ernie Lentz identified the others killed as Debra Crum, 60; Charles Manuel, 76; John Rorie, 59; George McCain, 73; and Lynda McCain, 78. Lentz also said Boyce was from Lakeland, Florida.

Ethan Cash, who lives near the store, told WREG-TV he heard a gunshot from inside his house.

“I had just woken up and I look back here, and I see dude walking back here with a shotgun,” he said.

Cash added that he went to the scene and found one person who had been shot. He checked for a pulse, but found none.

In the lobby of the Sheriff’s Office, Norma Washington told The Associated Press that Boyce was her nephew. She said he and the brother, Doug, who lives in Alaska, had been in town cleaning up a property they inherited from their deceased uncle.

“I lost my brother, and now this one,” Washington said. “This has been something else.”

It was unclear whether Crum knew either of the brothers.

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Law enforcement personnel investigate the scene of multiple shootings on Arkabutla Dam Road in Arkabutla, Miss on Friday, Feb. 17, 2023. (AP Photo/Nikki Boertman)

The killings stunned residents of Arkabutla, home to 285 people and located about 30 miles (50 kilometers) south of Memphis, Tennessee. It’s the hometown of famed actor James Earl Jones, and nearby Arkabutla Lake is a popular fishing and recreational destination.

An elementary school and a high school in nearby Coldwater both went on lockdown while the suspect was being sought, according to the Coldwater Elementary School Facebook page. A short time later, a second post on the page said the lockdown had been lifted and “all students and staff are safe.”

April Wade, who lives in Arkabutla and grew up in Coldwater, said both are small communities where most people know each other, “but if you don’t, you know somebody who knows somebody.”

Speaking from a local tire store in the afternoon, Wade said she and her husband were aware of the shootings but had not yet heard the names of the suspect or victims.

“I think it’s crazy,” Wade said. “You do not expect something like that to happen so close to home.”

The Bureau of Alcohol, Tobacco, Firearms and Explosives said its agents were providing assistance to the sheriff’s department and state investigators. Lance said one of their top priorities was to determine a motive.

The sheriff, who has lived in the area his entire life and served in law enforcement for 25 years, said he could recall no prior problems with Crum.

The U.S. has seen a deadly start to 2023, including six mass killings in a three-week period in January, according to an Associated Press/USA Today database. It defines a mass killing as four or more people dead, not including the perpetrator.

There have also been a number of mass shootings in which fewer people were slain, such as Monday’s shooting at Michigan State University in which three people were killed and five were wounded.

In a statement, President Joe Biden said he and first lady Jill Biden were mourning the six victims and praying for the survivors. He urged Congress to act now on gun law reforms to address what he called “an epidemic” of gun violence.

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Wagster Pettus reported from Jackson, Mississippi. AP reporters Jeff Amy in Atlanta and Russ Bynum in Savannah, Georgia, contributed.

 

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Knowledge Book Fair and Mini Food Fest by Matichon

The Knowledge Book Fair by Matichon Publishing House has started today at Museum Siam in Old Bangkok and will run through tomorrow.

The event, February 18–19, 2023, presented that reading a book can go well with many lifestyles, including tasting food and drink, listening to music, or hard talking.

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It gathers celebrated authors, artists, scholars, and more to share insider tips on their fields in special talks.

Two-hundred Thai-language titles will be available along with a selection of food by Sentangsedtee. Attendees will also get a chance to win a free book through the “Knowledge Sharing” campaign by sharing their favorite or life-changing books.

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There will be an array of food and drink vendors to keep everyone’s stomachs happy and live music by Roberto Uno in the garden zone.

Panbua Boonpan, a managing director of Matichon Group, in which Khaosod English is part of,  said this is a two-in-one unique event. where a selection of knowledge books meet a selection of tasty food.

Workshops and walking tour around the area will also be available.

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Military Finishes Recovering Chinese Balloon Debris

FILE - Sailors assigned to Assault Craft Unit 4 prepare material recovered off the coast of Myrtle Beach, S.C. (Ryan Seelbach/U.S. Navy via AP, File)

WASHINGTON (AP) — The U.S. has finished efforts to recover the remnants of the large balloon that was shot down off the coast of South Carolina, and analysis of the debris so far reinforces conclusions that it was a Chinese spy balloon, U.S. officials said Friday.

Officials said the U.S. believes that Navy, Coast Guard and FBI personnel collected all of the balloon debris off the ocean floor, which included key equipment from the payload that could reveal what information it was able to monitor and collect.

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FILE – In this photo provided by the U.S. Navy, sailors assigned to Explosive Ordnance Disposal Group 2 recover a high-altitude surveillance balloon off the coast of Myrtle Beach, S.C., Feb. 5, 2023.  (U.S. Navy via AP)

U.S. Northern Command said in a statement that the recovery operations ended Thursday and the final pieces are on their way to the FBI lab in Virginia for analysis. It said air and maritime restrictions off South Carolina have been lifted.

The announcement capped three dramatic weeks that saw U.S. fighter jets shoot down four airborne objects — the large Chinese balloon on Feb. 4 and three much smaller objects about a week later over Canada, Alaska and Lake Huron. They are the first known peacetime shootdowns of unauthorized objects in U.S. airspace.

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FILE – Sailors assigned to Assault Craft Unit 4 prepare material recovered off the coast of Myrtle Beach, S.C. (Ryan Seelbach/U.S. Navy via AP, File)

The officials also said the search for the small airborne object that was shot down over Lake Huron has stopped, and nothing has been recovered. U.S. officials spoke on condition of anonymity to discuss military operations.

The U.S. and Canada have also failed to recover any debris so far from the other two objects which were shot down over the Yukon and northern Alaska.

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FILE – FBI special agents assigned to the evidence response team process material recovered from the high altitude balloon recovered off the coast of South Carolina, Thursday, Feb. 9, 2023, (FBI via AP, File)

While the military is confident the balloon shot down off South Carolina was a surveillance airship operated by China, the Biden administration has admitted that the three smaller objects were likely civilian-owned balloons that were targeted during the heightened response, after U.S. homeland defense radars were recalibrated to detect slower moving airborne items.

Due to their small size and the remote areas where they were shot down, officials acknowledge that recovering any debris is difficult and probably unlikely. Those last two searches, however, have not been formally called off.

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FILE – In this photo provided by Chad Fish, a large balloon drifts above the Atlantic Ocean, just off the coast of South Carolina, with a fighter jet and its contrail seen below it, Saturday, Feb. 4, 2023. U.S. officials say the military has finished efforts to recover the remnants of the large balloon that was shot down off the coast of South Carolina, and analysis of the debris so far reinforces conclusions that it was a Chinese spy balloon. (Chad Fish via AP, File)

Much of the Chinese balloon fell into about 50 feet (15 meters) of water, and the Navy was able to collect remnants floating on the surface, and divers and unmanned naval vessels pulled up the rest from the bottom of the ocean. Northern Command said Friday that all of the Navy and Coast Guard ships have left the area.

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Copp reported from aboard a U.S. military aircraft.

 

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Lao Kip Boosts Travel; High-Speed Train Brings More Tourists to Thailand

The number of Chinese tourists visiting Vientiane in Laos, Nong Khai, and Udon Thani in Thailand has increased now.

Suganda Punsue, chairman of the Nong Khai Travel Trade Promotion Association, and executives from the Nong Khai-based travel company Kantana Tour explained that the Lao kip is currently devalued, trading at 1 baht for 500 kip. Previously, it was 1 baht for 250 kip, boosting the travel industry.

Tourists have to exchange into local currency to pay for accommodation and food while travelling in Vientiane or Luang Prabang. Tour operators usually advise tourists to swap travel expenses for local currency at the checkpoint in Laos. They can exchange the money back into Thai baht at a slightly higher rate.

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Suganda said that after the situation under COVID-19 improved and Laos reopened its land on May 9, 2022, the travel business has become busier, thanks to tourists who have not traveled for so long, the ongoing mid-year holiday season, and the arrival of the Lao-Chinese bullet train, which is boosting demand from medium-sized tour groups of about 40 to 100 people.

These tourists travel along the Nong Khai—Vientaine—Laung Prabang route. Thai tourists are eager to take the high-speed train and visit the historic city of Luang Prabang.

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Access to China from the bullet train is still not clear. Since China has opened its country, the train can only reach Boten station, which is on the border between Laos and China.

Moreover, there is no tourist attraction in Boten to deter travelers. This prompts tourists to change their journey from a long-distance trip to a shorter trip or a day trip from Nong Khai to Vientiane. The price starts at 19,900 baht, excluding the ticket fee and accommodation fee.

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However, the number of Chinese tourists visiting Vientiane, Nong Khai, and Udon Thani has increased because the train is relatively cheap compared to the flight from China to Vientiane, which costs about 20,000 baht per person.

The number of Korean tourists has also increased as they flee the winter season in the country to spend a short stay in Nong Khai and play golf in Vientiane, giving the travel industry a bit of a boost.

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China’s “Panda Papa” Hu Jinchu Dies at 94

FILE Hu Jinchu teaches in a class. (Photo provided to Xinhua)

CHENGDU, Feb. 17 (Xinhua) — China’s pioneer in ecological and biological research of giant pandas, Professor Hu Jinchu, also known affectionately as the “panda papa,” died of illness at 94 on Thursday night.

The revered zoologist passed away at a hospital in Nanchong City, southwest China’s Sichuan Province, according to China West Normal University.

Hu is internationally recognized as the founder of the ecological and biological research of giant pandas and is hailed as the “first man to study giant pandas in China.”

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British scientist Alice C. Hughes (L) and Xinhua correspondent Miao Xiaojuan (C) visit Hu Jinchu, renowned giant panda expert in Nanchong City, southwest China’s Sichuan Province, April 22, 2021. (Xinhua/Xu Yongzheng)

He was appointed by the forestry department of Sichuan as the lead expert of a survey team for precious animal resources in 1974.

Based on the field research and findings by Hu and his research team, Wolong National Nature Reserve was expanded from 20,000 hectares to 200,000 hectares. Several national nature reserves attained approval due to his efforts.

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Giant pandas feed on bamboo at the Dujiangyan base of the China Conservation and Research Center for Giant Panda in Dujiangyan, southwest China’s Sichuan Province, Feb. 15, 2023. (Xinhua/Wang Xi)

According to Hu, each giant panda has different chewing habits, which means the length, thickness and chewing degree of bamboo residue vary accordingly. Therefore, researchers could obtain information on the number, age and activity range of giant pandas by comparing bamboo residue.

The method, which was named after Hu later, proved to be very helpful in studying the living situations of the wild giant panda.

In 1978, Hu Jinchu led the establishment of the world’s first field ecological observation station for giant pandas in Wolong National Nature Reserve.

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Photo taken in 1984 shows Hu Jinchu (M) offers training to local doctors based in 17 counties and districts in the habitat of giant pandas so that they can give first-aid to pandas in need. (Xinhua/Jin Xuqi)

In 2016, the International Union for Conservation of Nature downgraded the giant panda from “endangered” to “vulnerable” on the global list of species at risk of extinction thanks to China’s decades of efforts.

Currently, fewer than 2,000 pandas live in the wild, mostly in Sichuan and Shaanxi.

“Research on giant pandas is one mission that the era gifts. We should work hard on it,” Hu said.

In September 2019, Hu, along with three others, received lifetime achievement awards for their unrelenting efforts and outstanding achievements in the scientific research and conservation of giant pandas.

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Photo taken on July 25, 2019 shows giant pandas at the “Giant Panda Kindergarten” in the Shenshuping base of China Conservation and Research Center for Giant Pandas in Wolong, Southwest China’s Sichuan province. [Photo/Xinhua]
The award was launched by the Sichuan Provincial Bureau of Forestry and Grassland, the World Wide Fund for Nature as well as other institutions, as China marks the 150th anniversary of the scientific discovery of giant pandas.

“We believe that protecting pandas is protecting ourselves,” said Hu, who has spent 45 years on the research and conservation of giant pandas in China.

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YouTube CEO Steps Down, Severing Longtime Ties to Google

FILE - YouTube CEO Susan Wojcicki speaks during the introduction of YouTube TV at YouTube Space LA on Feb. 28, 2017, in Los Angeles. Wojcicki announced Thursday, Feb. 16, 2023, that she is stepping down as CEO at YouTube after spending nine years as the head of the social media platform. (AP Photo/Reed Saxon, File)

Susan Wojcicki, a longtime Google executive who played a key role in the company’s creation, is stepping down as YouTube’s CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics.

In an email to YouTube employees that was shared publicly Thursday, the 54-year-old Wojcicki said she is leaving to “start a new chapter focused on my family, health, and personal projects I’m passionate about.” She didn’t elaborate on her plans.

Neal Mohan, who has worked closely with Wojcicki for years, will replace her as YouTube’s CEO.

Although she became one of the most respected female executives in the male-dominated tech industry, Wojcicki will also be remembered as Google’s first landlord.

Shortly after Google co-founders Larry Page and Sergey Brin incorporated their search engine into a business in 1998, Wojcicki rented the garage of her Menlo Park, California, home to them for $1,700 a month.

Page and Brin — both 25 at the time — continued to refine their search engine in Wojcicki’s garage for five months before moving Google into a more formal office and later persuaded their former landlord to come work for their company.

“It would be one of the best decisions of my life,” Wojcicki wrote in the announcement of her departure.

In 2006, Google bought Wojcicki’s home to serve as a monument to the roots of a company now valued at $1.2 trillion. During Wojcicki’s career at Google, Brin became her brother-in-law when he married her sister, Anne, in 2007. Brin and Anne Wojcicki divorced in 2015.

Wojcicki’s departure comes at a time when YouTube is facing one of its most challenging periods since Google bought what was then a quirky video site facing widespread complaints about copyright infringement in 2006 for an announced price of $1.65 billion. The all-stock deal was valued at $1.76 billion by the time the transaction closed.

Although Google was initially derided for paying so much for a video service whose future appeared to be in doubt, it turned out to be a bargain. Besides becoming a cultural phenomenon that attracts billions of viewers, YouTube also has become a financial success with ad revenue totaling $29 billion last year. That was up from annual ad revenue of $8 billion in 2017 when Google’s corporate parent, Alphabet Inc., began to disclose YouTube’s financial revenue.

But YouTube’s ad revenue during the final six months of last year dropped 5% from the previous year — the first extended downturn that the video service has shown since Alphabet peeled back its financial curtain. Analysts are worried the slump will continue this year, one of the reasons Alphabet’s stock price has fallen 11% since it released its most recent quarterly report two weeks ago.

Wojcicki is also leaving just days before the U.S. Supreme Court is scheduled to hear oral arguments in a case threatening the freewheeling style that has long been one of YouTube’s biggest advantages.

The case stems from the 2015 death of an American woman killed in Paris during an attack by Islamic State in an incident that spurred the victim’s family to file a lawsuit alleging YouTube’s algorithms aided the terror group’s recruitment. If the court decides that tech companies can be held liable for material posted on their sites, experts say the effects could not only destroy YouTube but shake up the entire internet.

That’s because under the U.S. law, internet companies are generally exempt from liability for the material users post on their networks. Section 230 of the 1996 Communications Decency Act — itself part of a broader telecom law — provides a legal “safe harbor” for internet companies — a protection that YouTube co-founders Chad Hurley and Steve Chen seized upon as an opportunity to launch as video site to “broadcast yourself.”

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AP Technology Writer Barbara Ortutay and AP Business Writer Michelle Chapman contributed to this story.

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Prayut Is Planning an Election After the General Debate

After the final general debate, which looked like a no-confidence discussion for parliament, ended, General Prayut Chan-o-cha, Thailand’s prime minister and defense minister, told reporters he had an election date in mind.

He said he had to think beforehand and wait for the final decision when everyone and every party were ready. He added that his party, the United Thai Nation, was prepared and only waiting for an official announcement.

“I want it to be a pure and creative election.” “I also want all those who will lead the country to value the country and the people the most to advance the nation and secure the future of your children,” Prayut said.

However, on February 17th, he declined to answer questions: will the parliament be dissolved near March 21st, which is his birthday, or not?

Grey Thai Corrupted

The general debate was held on February 15 and 16 to provide clarity and make proposals to the Cabinet. The opposing parties took aim at the government, particularly with regard to the economy, especially the rising debt and the obviously poor living conditions of the people.

They pointed to the scandalous corruption within government organizations and the army, which coincides with the corruption index on which Thailand has dropped 25 places.

The debate by Rangsiman Rome, a member of the Move Forward Party, on the “Grey Thailand,”  which was a shadow story with the corrupt money of the Chinese, was the highlight.

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Rangsiman Rome

He mentioned the Tuhao scandal and the case that a senator had a connection with Tun Min Latt, a businessman linked to the Myanmar military, who was charged with laundering money from illegal drugs. The court issued an arrest warrant for this senator but later revoked it because the senator had privilege protection.

This senator also owns a prime plot of land in the heart of Ari Soi 5, which was later built on. The building is now the United Thai Nation Party headquarters, Prayut’s new party.

“The most painful thing is that some of the accomplices who enable international criminals to succeed are Thai.” This is what the “Grey Thai” are doing. “[They are] opening up our country for criminals to rob us for the last 8 years,” said MP Rangsiman.

Two tragedies inside the army

The question left unanswered by the government is about the tragedy of the sinking warship HTMS Sukhothai, which had to do with corruption leading to unready conditions such as the protective gate against the water being inoperable and the gate seal being worn out.

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Phicharn Chaowapatanawong, a Move Forward Party MP, questioned the corruption in the repair of the ship.
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Padipat Suntiphada, a Move Forward Party MP, exposed the path of corruption in a housing project for the military.

Another tragedy occurred in 2020 when a mass shooting occurred in Nakhon Ratchasima, killing 30 people and injuring 58, by a frenzied soldier who became agitated after being cheated in an army housing project.

The army attempted to cover up the story and never admitted to an internal culture of corruption that is typically passed down from generation to generation, with the actual perpetrators never punished and no justice served.

Quote of the day

The highlighted quote from General Prayut in this general debate is from his response on water management. He said, “There is flooding because there is rain.” If there is no rain, there are no floods… “Why you all laughing?”
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Bruce Willis Has Frontotemporal Dementia, Condition Worsens

FILE - Bruce Willis attends a movie premiere in New York on Friday, Oct. 11, 2019. Willis has a more specific diagnosis of frontotemporal dementia. (Photo by Charles Sykes/Invision/AP, File)

NEW YORK (AP) — Nearly a year after Bruce Willis’ family announced that he would step away from acting after being diagnosed with aphasia, his family says his “condition has progressed.”

In a statement posted Thursday, the 67-year-old actor’s family said Willis has a more specific diagnosis of frontotemporal dementia.

“While this is painful, it is a relief to finally have a clear diagnosis,” the statement read. “FTD is a cruel disease that many of us have never heard of and can strike anyone.”

Last March, Willis’ family said his aphasia had affected his cognitive abilities. The condition causes loss of the ability to understand or express speech.

In Thursday’s statement, his family said communication challenges were just one symptom of frontotemporal dementia.

The Association for Frontotemporal Degeneration describes FTD as a group of brain disorders caused by degeneration of the frontal and/or temporal lobes of the brain that affects behavior, language and movement.

Aphasia can be a symptom of it. The association describes frontotemporal degeneration as “an inevitable decline in functioning,” with an average life expectancy of seven to 13 years after the onset of symptoms.

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Bruce Willis attends a movie premiere in New York, Oct 11, 2019. (CHARLES SYKES / FILE / INVISION / AP)

“Today there are no treatments for the disease, a reality that we hope can change in the years ahead,” the family’s statement read, adding that it can take years to get a proper diagnosis. “As Bruce’s condition advances, we hope that any media attention can be focused on shining a light on this disease that needs far more awareness and research.”

The statement was posted on the website for the Association for Frontotemporal Degeneration and signed by Willis’ wife, Emma Heming Willis, his ex-wife Demi Moore, and his five children, Rumer, Scout, Tallulah, Mabel and Evelyn.

Over a four-decade career, Willis’ movies had earned more than $5 billion at the worldwide box office. While beloved for hits like “Die Hard” and “The Sixth Sense,” the prolific actor had in recent years primarily featured in direct-to-video thrillers.

“Bruce has always found joy in life — and has helped everyone he knows to do the same,” the family said Thursday. “It has meant the world to see that sense of care echoed back to him and to all of us. We have been so moved by the love you have all shared for our dear husband, father, and friend during this difficult time. Your continued compassion, understanding, and respect will enable us to help Bruce live as full a life as possible.”

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GULF’s core profit surges 37% YoY to all-time high of 12 billion in 2022 

Gulf Energy Development Plc. (GULF) reported the financial results for Q4/22 with a core profit of THB 3,593 million, an increase of THB 865 million or 32% Year-over-Year (YoY). The growth was primarily driven by Gulf Sriracha’s (GSRC) IPP power project units 3-4, which began commercial operation in March and October 2022, respectively, with a total installed power generation capacity of 1,325 MW. Consequently, all four units of GSRC are now fully operational. A further attribution to Q4/22’s core profit is the THB 1,085 million share of core profit from INTUCH. In addition, in December 2022, GULF divested its 50.01% equity stake in BKR2 Holding, a holding company for the Borkum Riffgrund 2 (BKR2) offshore wind power project in Germany, to Keppel Group, resulting in a THB 381 million gain on the sale. The net profit for Q4/22 amounted to THB 5,406 million, a 78% YoY increase from THB 3,043 million in Q4/21.

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In 2022, GULF’s total revenue was THB 101,397 million, a 92% increase from THB 52,870 million in 2021, and core profit was THB 12,098 million, a 37% increase from THB 8,812 million in 2021. The growth was driven by the commercial operation commencement of GSRC power project units 3-4, totaling 1,325 MW, in March and October 2022, as well as the commercial operation commencement of an additional 155 MW of the gas-fired power project DIPWP in Oman, bringing the total to 195 MW. Another factor is the improved performance of the BKR2 offshore wind power project in Germany as a result of rising average electricity selling prices, which nearly doubled from €184/MWh to €352/MWh in Q3/22, as well as an increase in the average wind speed from 8.5 m/s in 2021 to 9.1 m/s in 2022. Additionally, in 2022, GULF also recognized share of core profit of THB 324 million from three wind power plant projects under Gulf Gunkul Corporation, in which GULF made an investment in July 2022. Furthermore, GULF recognized share of core profit from INTUCH and profit from the acquisition of THCOM totaling THB 4,656 million.

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The gross profit margin for 2022 was 20.6%, a decrease from 27.6% in 2021, due to the spike in average natural gas costs by 86% YoY, from 266.02 THB/MMBTU in 2021 to 494.78 THB/MMBTU in 2022, while the average Ft rate rose by a mere 0.5518 THB/kWh (from -0.1532 THB/kWh in 2021 to an average of 0.3986 THB/kWh in 2022). However, since 86% of GULF’s electricity is sold to Electricity Generating Authority of Thailand (EGAT), and passes on the natural gas costs to EGAT, while only 14% of GULF’s electricity is being sold to industrial users, the impact of the sharp rise in the natural gas costs is limited.

Net profit attributable to the parent company in 2022, which takes into account the impact from FX rate, was THB 11,418 million, as a result of the Thai Baht depreciating against the US Dollar from 33.59 THB/USD at the end of 2021 to 34.73 THB/USD at the end of 2022. Nonetheless, the recording of such transaction is an accounting transaction, which does not impact the cash flow and performance of the Company.

GULF had a net interest-bearing debt to equity ratio of 1.56 times as of December 31, 2022, a decrease from 1.77 times as of December 31, 2021, due to GULF’s improved performance, which is reflected in the shareholders’ equity. GULF also received €305 million from the divestment of BKR2 Holding’s equity stake in December 2022.

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Ms. Yupapin Wangviwat, Chief Financial Officer, GULF, revealed, “In 2023, the total revenue is anticipated to increase approximately 50%, which will be driven by the projects that are scheduled for commercial operation in 2023, mainly the commercial operation of the second IPP project under IPD, namely, Gulf Pluak Daeng (GPD) IPP power project units 1-2, totaling 1,325 MW, and the 1,200-MW Jackson Generation power project in the United States. Moving forward, GULF will focus on the investment of renewable energy businesses in order to achieve net-zero greenhouse gas emissions with the aim to increase the  proportion of renewable energy from 9% currently to 40% within the next 10 years through the development of hydropower projects, domestic renewable energy projects, solar rooftop projects, together with the investment in solar farms and wind farms overseas including England, other European countries, and the United States. Regarding the Pak Beng and Pak Lay hydropower projects, the power purchase agreement with EGAT is expected to be signed within Q1/23.”

“For the digital asset exchange business in Thailand in which GULF and Binance has a joint investment, we have applied for the digital asset exchange license and the securities brokerage license with the Securities and Exchange Commission (SEC). The licenses are expected to be granted within Q1/23. As for the data center business that GULF jointly develops with Singtel and AIS, construction is scheduled to start in mid-2023, with commercial operations commencing in 2025. Moreover, GULF is exploring the virtual banking business to expand the digital infrastructure business. In December 2022, GULF acquired a 41.13% stake in THCOM from INTUCH, as we foresee an opportunity to expand the satellite business into the era of the New Space Economy, namely, the use of information from satellite images for natural resource management, or the assessment of carbon storage and carbon credits in community forests, as well as the low earth orbit satellite,” Ms. Yupapin added.

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In January 2023, TRIS Rating Co., Ltd. upgraded the company rating on GULF to “A+” from “A” and upgraded the rating on GULF’s debentures to “A” from “A-” rating. In Q1/23, GULF plans to issue additional debentures of approximately THB 15,000-20,000 million to repay existing loans, support business expansion, and for working capital.

Additionally, the Board of Directors has resolved to propose to the 2023 Annual General Meeting of Shareholders to consider and approve the dividend payment from the Company’s operating results for the year ended December 31, 2022, to shareholders at the rate of THB 0.60/share or equivalent to the dividend payout ratio of 151%. The date to determine the names of the shareholders who would be entitled to the dividend (Record Date) is on March 2, 2023, with the dividend payment date on April 27, 2023. The ex-dividend date (XD) is on March 1, 2023, while the 2023 Annual General Meeting of Shareholders is to be held on April 5, 2023. 

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Archaeologists Report New Finds at Kiln Site in Northwest China

YINCHUAN, Feb. 16 (Xinhua) — Archaeologists exploring a porcelain kiln site that dates back to the Western Xia Dynasty (1038-1227) have made major progress, including new finds, in Helan Mountain, northwest China’s Ningxia Hui Autonomous Region, said the regional institute of archaeological research.

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The photo shows a whiteware artifact from a porcelain kiln site that dates back to the Western Xia Dynasty (1038-1227), in Helan Mountain, northwest China’s Ningxia Hui Autonomous Region. (Provided by the institute of archaeological research of Ningxia Hui Autonomous Region)

Discovered in 2017, the site covers around 40,000 square meters with 13 kilns. Archaeologists have evacuated 1,000 square meters and found a large batch of fine whiteware artifacts in two well-preserved kilns, mostly consisting of household objects such as bowls, plates, cups and dishes.

The unearthed whiteware ceramics feature delicate textures, warm glaze, and glittering and translucent effects, indicating a unique and superior type of ceramic craftsmanship, said Chai Pingping with the regional institute.

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White porcelain bowls unearthed from the Suyukou Porcelain Kiln Site in the Ningxia Hui Autonomous Region Photo: Courtesy of the National Cultural Heritage Administration

The site is believed to be the earliest kiln site of the Western Xia Dynasty found so far in China, integrating technologies from both the north and the south, said Chai, adding that it provides strong evidence of the ethnic and cultural exchanges, interactions and mingling at that time.

The excavation and research will continue at the site to further interpret its cultural and historical value while preserving the original appearance.

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