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CPF expects continued improvement in financial performance following record-high revenue in Q2

Charoen Pokphand Foods Public Company Limited (CPF)’s quarterly revenue hit a new historic high at Bt155,996 million in the second quarter of 2022, or a 20% increase from the same period last year.

The leading food and agribusiness conglomerate, with investment in 17 countries and 40 export markets, showed the quarterly net profit of Bt4,208 million.

Thailand’s operations contributed Bt50,980 million or 33% of total quarterly revenue, an increase by 17 per cent year on year. Overseas operations generated Bt105,016 million or 67% of total, up by 22% year on year. The revenue was boosted mainly by higher sales volume and an improvement in consumer demand following the lifting of COVID-19 restrictions in many countries.

The quarterly gross profit rose 7% on year to Bt22,624 million. However, the share of profit from investment dropped by Bt1,546 million on year, chiefly because the joint venture in China witnessed a lower pig price than in the previous year against higher raw material costs. The net profit in the second quarter thus decreased by 11% on year to Bt4,208 million.

Prasit Boondoungprasert, Chief Executive Officer of CPF, added that the second-half performance is expected to show continued growth momentum thanks to the relaxing of COVID-19 restrictions in many countries, recent increase in pig prices in China and CPF’s emphasis on operational efficiency to maintain cost competitiveness. He foresaw that the emphasis on operational efficiency and adjustments in business models will propel continuous growth in the following years.

CPF’s Board of Directors, at the meeting on 15 August 2022, resolved to pay an interim dividend of Bt0.40 per share for the first-half performance. (After the XD date on 30 August 2022), the list of shareholders eligible for the payment will be announced on 31 August 2022. The dividend is payable on 14 September 2022.

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BASS ON THE BEACH: STANDARD SOUNDS AND STRANGE FRUIT TO AMP UP HUA HIN THIS AUGUST

Fresh collaboration with Bangkok’s underground vinyl venue to include sunset sessions and beach parties at The Standard, Hua Hin every Saturday throughout the month

The Standard, Hua Hin, the stylish Thai resort where chic beach vibes meet mid-century style, will bring the bass to the beach this August as it collaborates with Strange Fruit, the underground vinyl venue in Bangkok, for the latest edition of Standard Sounds.

Every Saturday at sunset (16.00-19.00 hrs), Standard Sounds and Strange Fruit will bring Thailand’s top DJs to the chic surroundings of The Standard, Hua Hin’s Lido Bar for a series of seafront sessions. In a laid-back ambience, hotel guests, international visitors and local residents can chill out on sofas, cool off in the pool or lounge on the lawn while listening to soulful DJ sets and sipping cool cocktails. After dark (20.00-23.00 hrs), the party moves to the hotel’s Beach Bar as DJs up the tempo and revelers dance the night away on the soft sand.

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Standard Sounds kicks off on Saturday 6th August with Sabai Sabai Radio Maarten G. Goetheer – who have been dubbed “the Gene Wilder and Richard Pryor of Bangkok”. This offbeat DJ is’t stir crazy, but he has been laying down the baddest cuts since 2015 with an ambiguous musical style that transcends genres, pushes boundaries and raises roofs.

Following this on 13th August, The Standard, Hua Hin becomes the temporary clubhouse of Panna, the Lonely Girls Club. Founded by three best friends, Kade, Panna and Ubby-Ibby, all of whom have different tastes in music, the Lonely Girls Club’s music is all about the 2000s. Ranging from soulful R&B by Panna to reggae from Ubby-Ibby and gangster rap from Kade, these three girls will give guests something they’ve never seen or heard before.

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For the third Standard Sounds session of the month on 20th August, Aopsher, one of Thailand’s most in-demand DJs, playing the sunset session. A resident at Bangkok’s famous Sing Sing Theater, Vogue Lounge and Beam, he is an active supporter of the local vinyl community. 

Finally on Saturday 27th August, Strange Fruit will invite two Red Bull Music 3Style champions to fire up the crowd. Bomberselecta, the Thai turntablist, twice winner of national 3Style competition and finalist of the world event in Tokyo, will spin an eclectic mix of electro beats, R&B, hip hop, funk and reggae. 

“Strange Fruit is all about the music – they care about great sounds and want to share them with a like-minded crowd. That’s what sets their Bangkok club apart and what makes them the perfect partner for The Standard, Hua Hin. We’re committed to promoting the Thai music scene and bringing the hottest acts to our guests and the wider community. Our Standard Sounds sessions are becoming the most sought-after tickets on Hua Hin’s cultural calendar,” said Mai Vejjajiva Timblick, Chief Creative & Culture Officer for Standard Asia.

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Standard Sounds, The Standard’s global music division, curates live sessions in inspiring settings around the world. Just as every Standard hotel is unique, each property has a distinct identity that reflects the rich culture of its surroundings. With its a cool Miami vibe, The Standard, Hua Hin sets the stage for emerging and established artists that reflect the modern face of Thailand’s vibrant music scene, from DJs to indie bands, solo artists and more. 

The Standard hotels are present in the most desirable of destinations, from Miami Beach to the Maldives, London to New York, Hua Hin to Bangkok. A haven for curious explorers, The Standard, Hua Hin was named on Condé Nast Traveler’s “Hot List” for 2022, a highly exclusive selection of the world’s most exciting new hotels. The Standard, Hua Hin was also recognized by Travel + Leisure’s World Best Awards as the #1 Resort Hotel in Southeast Asia!

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Connect with the hotel via:
Facebook: The Standard Hua Hin
Instagram/Line: @thestandardhuahin
Web: www.standardhotels.com/hua-hin

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UN Envoy Travels to Strife-torn Myanmar for the First Time

FILE - Medicals students display images of deposed Myanmar leader Aung San Suu Kyi during a street march in Yangon, Myanmar, on Feb. 28, 2021. A Myanmar court convicted Suu Kyi in more corruption cases Monday, Aug. 15, 2022, adding six years to prison sentence. Photo: AP File
FILE - Medicals students display images of deposed Myanmar leader Aung San Suu Kyi during a street march in Yangon, Myanmar, on Feb. 28, 2021. A Myanmar court convicted Suu Kyi in more corruption cases Monday, Aug. 15, 2022, adding six years to prison sentence. Photo: AP File

UNITED NATIONS (AP) — The U.N. special envoy for Myanmar traveled to the Southeast Asian nation Monday for the first time since she was appointed to the post last October.

The trip by Noeleen Heyzer followed the U.N. Security Council’s latest call for an immediate end to all forms of violence and unimpeded humanitarian access in the strife-torn country.

Heyzer “will focus on addressing the deteriorating situation and immediate concerns as well as other priority areas of her mandate,” U.N. spokesman Stephane Dujarric said.

He gave no details on whether Heyzer would meet with Myanmar’s military rulers or the country’s imprisoned former leader, Aung San Suu Kyi, a longtime U.N. demand. Suu Kyi was convicted earlier Monday on more corruption charges, adding six years to her earlier 11-year prison sentence.

Heyzer’s visit “follows her extensive consultations with actors from across the political spectrum, civil society as well as communities affected by the ongoing conflict,” Dujarric said.

Earlier this month, Cambodian Foreign Minister Prak Sokhonn, special envoy to Myanmar for the 10-member Association of Southeast Asian Nations, said efforts by Myanmar’s neighbors to help restore peace and normalcy to the strife-torn nation were hindered by the country’s recent execution of four political activists.

He warned that further executions would force the regional group to reconsider how it engages with fellow member Myanmar.

In February 2021, Myanmar’s army ousted Suu Kyi’s elected government and then violently cracked down on widespread protests against its actions. After security forces unleashed lethal force on peaceful demonstrators, some opponents of military rule took up arms.

Myanmar’s military rulers agreed to a five-point ASEAN plan in April 2021 to restore peace and stability to the country, which includes an immediate halt to violence and a dialogue among all parties. But the country’s military has made little effort to implement the plan, and Myanmar has slipped into a situation that some U.N. experts have characterized as a civil war.

Heyzer, a women’s rights activist from Singapore, headed UNIFEM, a U.N. development organization that focuses on promoting women’s economic advancement, in 1994-2007. She was the first woman to serve as executive secretary of the U.N. Economic and Social Commission for Asia and the Pacific, in 2007-2014.

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China Announces New Drills as US Delegation Visits Taiwan

In this photo released by the Taiwan Presidential Office, Taiwan's President Tsai Ing-wen chat with the members of a delegation of U.S. Congress during a meeting at the Presidential Office in Taipei, Taiwan on Monday, Aug. 15, 2022. Photo: Taiwan Presidential Office via AP
In this photo released by the Taiwan Presidential Office, Taiwan's President Tsai Ing-wen chat with the members of a delegation of U.S. Congress during a meeting at the Presidential Office in Taipei, Taiwan on Monday, Aug. 15, 2022. Photo: Taiwan Presidential Office via AP

TAIPEI, Taiwan (AP) — China announced more military drills around Taiwan as the self-governing island’s president met with members of a new U.S. congressional delegation on Monday, threatening to renew tensions between Beijing and Washington after a similar recent visit by U.S. House Speaker Nancy Pelosi angered China.

Pelosi was the highest-level member of the U.S. government to visit Taiwan in 25 years, and her trip prompted nearly two weeks of threatening military exercises by China, which claims the island as its own. In those drills, Beijing fired missiles over the island and into the Taiwan Strait and sent warplanes and navy ships across the waterway’s midline, which has long been a buffer between the sides that split amid civil war in 1949.

China accuses the U.S. of encouraging the island’s independence through the sale of weapons and engagement between U.S. politicians and the island’s government. Washington says it does not support independence, has no formal diplomatic ties with the island and maintains that the two sides should settle their dispute peacefully — but it is legally bound to ensure the island can defend itself against any attack.

American and Taiwanese officials have accused China of using Pelosi’s visit as a pretext for intimidating moves, and a senior U.S. official said recently that Washington would continue to deepen its ties with Taiwan in the coming days and weeks.

The latest trip began Sunday with little notice ahead of time — and drew more ire from China. The delegation was due to leave late Monday.

“China will take resolute and strong measures to defend national sovereignty and territorial integrity,” Chinese Foreign Ministry spokesperson Wang Wenbin said at a daily briefing Monday, after Beijing announced new drills in the seas and skies surrounding Taiwan. “A handful of U.S. politicians, in collusion with the separatist forces of Taiwan independence, are trying to challenge the one-China principle, which is out of their depth and doomed to failure.”

The new exercises were intended to be “resolute response and solemn deterrent against collusion and provocation between the U.S. and Taiwan,” the Defense Ministry said earlier.

It was not clear if the new drills had already started since the ministry gave no details about where and when they would be conducted, in contrast to previous rounds.

The U.S. lawmakers, led by Democratic Sen. Ed Markey of Massachusetts, met with President Tsai Ing-wen, Foreign Minister Joseph Wu and legislators, according to the American Institute in Taiwan, Washington’s de facto embassy on the island.

At their meeting, Tsai said her administration was working with allies to ensure stability in the Taiwan Strait and maintain the status quo — a reference to the island’s self-governance, separate from Beijing.

“Russia’s invasion of Ukraine earlier this year has shown the threat that authoritarian nations pose to the global order,” Tsai said.

Markey responded by saying Washington and Taipei had a “moral obligation to do everything we can to prevent an unnecessary conflict and Taiwan has demonstrated incredible restraint and discretion during challenging times.”

The senator also highlighted legislation intended to boost political and economic ties with Taiwan, especially in the critical semiconductor industry. Taiwan is a crucial provider of computer chips for the global economy, including China’s high-tech sectors, and beyond the geopolitical risks of rising tensions in the region, an extended crisis in the Taiwan Strait could have major implications for international supply chains at a time when the world is already facing disruptions and uncertainty.

Markey is one of the few members of Congress still serving who voted for the 1979 Taiwan Relations Act that ensured continued relations with the island following the switch of U.S. diplomatic recognition from Taipei to Beijing. The other members of the delegation are Republican Rep. Aumua Amata Coleman Radewagen, a delegate from American Samoa, and Democrats John Garamendi and Alan Lowenthal from California and Don Beyer from Virginia.

In a statement from his Senate office, Markey cited the 1979 law in saying the U.S. must maintain its commitment to “help Taiwan withstand cross-Strait coercion” and avoid conflict.

China says it wants to use peaceful means to bring Taiwan under its control, but its recent saber rattling has emphasized its threat to take the island by military force. The earlier drills appeared to be a rehearsal of a blockade or attack on Taiwan that would force the cancellation of commercial flights and disrupt shipping to Taiwan’s main ports as well as cargo passing through the Taiwan Strait, one of the world’s busiest shipping lanes.

The exercises prompted Taiwan to put its military on alert, but were met largely with defiance or apathy among the public used to living in China’s shadow.

The American “visit at this time is of great significance, because the Chinese military exercise is (intended) to deter U.S. congressmen from visiting Taiwan,” Lo Chih-cheng, the chair of the Taiwan legislature’s Foreign and National Defense Committee, said after meeting with the U.S. lawmakers.

“Their visit this time proves that China cannot stop politicians from any country to visit Taiwan, and it also conveys an important message that the American people stand with the Taiwanese people,” Lo said.

A senior White House official on Asia policy said last week that China had used Pelosi’s visit as an excuse to launch an intensified pressure campaign against Taiwan.

“China has overreacted, and its actions continue to be provocative, destabilizing, and unprecedented,” Kurt Campbell, a deputy assistant to U.S. President Joe Biden, said on a call with reporters on Friday.

Campbell said the U.S. would send warships and planes through the Taiwan Strait in the next few weeks and is developing a roadmap for trade talks with Taiwan that he said the U.S. intends to announce in the coming days.

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Story: Johnson Lai.

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US Congress Members Meet Taiwan Leader Amid China Anger

In this photo released by the Taiwan Ministry of Foreign Affairs, from left, U.S. Democratic House member Alan Lowenthal from California, Democratic House members John Garamendi, Donald Yu-Tien Hsu, Director-General, dept. of North American Affairs, Taiwan's Ministry of Foreign Affairs, Democratic House member Don Beyer from Virginia and Republican Rep. Aumua Amata Coleman Radewagen, a delegate from American Samoa pose for a photo after arriving on a U.S. government plane at Songshan airport in Taipei, Taiwan on Sunday, Aug 14, 2022. Photo: Taiwan Ministry of Foreign Affairs via AP
In this photo released by the Taiwan Ministry of Foreign Affairs, from left, U.S. Democratic House member Alan Lowenthal from California, Democratic House members John Garamendi, Donald Yu-Tien Hsu, Director-General, dept. of North American Affairs, Taiwan's Ministry of Foreign Affairs, Democratic House member Don Beyer from Virginia and Republican Rep. Aumua Amata Coleman Radewagen, a delegate from American Samoa pose for a photo after arriving on a U.S. government plane at Songshan airport in Taipei, Taiwan on Sunday, Aug 14, 2022. Photo: Taiwan Ministry of Foreign Affairs via AP

TAIPEI, Taiwan (AP) — Taiwan’s President Tsai Ing-wen met Monday with a delegation of U.S. Congress members in a further sign of support among American lawmakers for the self-governing island that China claims as its own territory.

Taiwanese media showed the delegation arriving for the talks, but details of the meeting were not immediately released.

It comes less than two weeks after U.S. House Speaker Nancy Pelosi’s visit to Taiwan, which prompted days of threatening military exercises by China, including the firing of missiles over the island and into the Taiwan Strait.

China has also sent warplanes and navy ships across the waterway’s median, which has long been a buffer between the sides that separated amid civil war in 1949. China regards formal contacts between U.S. politicians and the island’s government as support for its independence from Beijing.

China says it wants to use peaceful means to bring Taiwan under its control, but its recent saber rattling has emphasized its military threat.

The five-member delegation is led by Democratic Sen. Ed Markey of Massachusetts and is to meet with other government and private sector representatives. Reducing tensions in the Taiwan Strait and investments in Taiwan’s crucial semiconductor industry are expected to be key topics of discussion.

The other members of the delegation are Republican Rep. Aumua Amata Coleman Radewagen, a delegate from American Samoa, and Democrats John Garamendi and Alan Lowenthal from California and Don Beyer from Virginia.

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Malaysia Ex-PM Begins Final Bid To Toss Out Graft Conviction

Former Malaysian Prime Minister Najib Razak, center, wearing a face mask arrives at Court of Appeal in Putrajaya, Malaysia, Monday, Aug. 15, 2022. Photo: Vincent Thian / AP
Former Malaysian Prime Minister Najib Razak, center, wearing a face mask arrives at Court of Appeal in Putrajaya, Malaysia, Monday, Aug. 15, 2022. Photo: Vincent Thian / AP

PUTRAJAYA, Malaysia (AP) — Malaysia’s top court Monday began hearing a final appeal by former Prime Minister Najib Razak to toss out his graft conviction linked to the massive looting of the 1MDB state fund.

He would become Malaysia’s first former prime minister to be imprisoned if his case fails. Najib, 69, has reiterated his innocence and has been out on bail pending his appeals.

He was sentenced to 12 years in jail by a high court in July 2020 after being found guilty of abuse of power, criminal breach of trust and money laundering for illegally receiving 42 million ringgit ($9.4 million) from SRC International, a former unit of 1MDB.

The Court of Appeal upheld the conviction and sentence in December, describing the case as a “national embarrassment.” His last avenue, the Federal Court, is scheduled to hear the case until Aug. 26.

Najib has changed to a new team of lawyers for his final appeal. His defense team is attempting to introduce new evidence that would spark a retrial, citing conflict of interest by the high court judge who convicted Najib.

1MDB was a development fund Najib set up shortly after taking power in 2009. Investigators allege at least $4.5 billion was stolen from the fund and laundered by Najib’s associates.

The scandal sparked investigations in the U.S. and several other countries and caused the downfall of Najib’s government in 2018 elections. Najib faces a total of 42 charges in five separate trials linked to 1MDB, and his wife is also on trial for corruption.

Despite his graft conviction, Najib remains politically influential. His United Malays National Organization leads the current government after defections of lawmakers caused the collapse of the reformist government that won the 2018 polls.

Najib is still a lawmaker pending his appeal but he cannot contest if an early general election is called. National polls are not due until the second half of 2023, but there have been strong calls from UMNO leaders for early elections.

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Opinion: Do Not Make Bangkok Boring by Eliminating Street Food Stalls

Yaowarat Road at night

The Bangkok Metropolitan Administration recently announced it will ‘improve’ the quality and safety of street food in the capital. While this is definitely a good sign, there is little concrete details. I hoped this will not kill the charm of not just Bangkok, but street food itself and more.

Any tinkering with street food in Bangkok should be done very carefully and start with a recognition of its charm, strength, and necessity. There is little doubt that the street food scenes in Bangkok is a charming aspect of the Thai capital, making it exotic, as well as chaotic to the eyes and taste buds of adventurous foreign tourists visiting the capital.

Yes, it comes with its inconveniences as well as it takes away part of the much-needed pedestrian space, add more challenges to Bangkok sewage system, and at times playing part in clogging it. There is also the potential food poisoning that comes with preparing and consuming food on footpaths next to many traffic-choked streets and sois.

Some Bangkokians may wish to see all street food stalls relocated inside boring food centers, air-conditioned or not, so Bangkok footpaths could be cleared for pedestrians like in some foreign cities. This will definitely kill the charm and do more harm to what Bangkok is, however.

Imagine Paris without the pet dogs and the smell of its piss, and that of human piss, on the streets of its numerous arrondissements. Paris without pet dogs on streets, just perfumes and no (stench of) piss would be boring and not Paris as we know. The same could be said about the ubiquitous street food stalls in Bangkok and it olfactory signature.

What is more, the necessity to maintain or at least condone the existence of street food stalls all over the capital is also a matter of necessity for the working-class in Bangkok who depends on it for sustenance. Working-class people, most have no private cars, could just walk for a few minutes or less from their workplace or home to eat at one of the many street food stalls.

Thus, the call to continue to allow street food stalls to spread around the capital is not just a matter for maintaining Bangkok’s unique charms in the eyes, and taste buds, of foreign tourists but part of the necessity in allowing lower-income Bangkokians, such as taxi drivers, security guards, factory workers, to have an easy access to affordable meals. Relocating them to a food court would make hot meal less accessible in terms of price and distance.

Many street food vendors, themselves members of the working class, may also not be able to afford the relocation costs and rent at a food court. And we are not even talking about how utterly boring Bangkok would become without its ubiquitous street food stalls everywhere.

The newly elected Bangkok governor Chadchart Sittipunt appeared to be a sensible man, he should learn from the success of Bangkok’s China Town, which is a mecca of street food lovers, locals, and foreigners.

There is no reason why each Bangkok district cannot have something similar for local people. Bangkok City Hall should indeed find ways to improve the sanitary level of street food and there are definitely many things that can and should be done. The last thing Chadchart and his officials should do is to kill the charm of Bangkok’s street food, however.

It would be a good thing if the governor starts the process by inviting all street food vendors in the capital and concerned citizens, pro and against street food stalls, to come for a big town hall meeting to deliberate, so we can find the best way forward to balance the needs of various stakeholders.

The meeting should be on Facebook Live, the modus operandi of Chadchart, as well.

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C.P. Group launches “#2MetersToSaveEarth” campaign, encouraging Thai people to reduce global warming to reach net zero emission by 2050

Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group (C.P. Group), strongly believes that climate change, particularly the increase in temperature, is an urgent matter in which every stakeholder must take action. To tackle global warming, C.P. Group and its affiliates have undertaken a number of initiatives that includes circular economy, clean energy, water resource management, ecosystems and biodiversity protection, and sustainable supply chains. The aim is to achieve zero waste and carbon neutrality within 2030, and net zero emissions by 2050. As public awareness of this issue is critical, the #2MetersToSaveEarth campaign was launched to help Thai people and employees of C.P. Group and its affiliates acknowledge the effects of climate change. The general public, in particular the younger generation, can help tackle global warming by personally taking responsibility. Panipak “Tennis” Wongpattanakit, Thailand’s sporting hero, has been chosen as brand ambassador and will help drive this mission.

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“The only way to create a sustainable planet is to cultivate a new generation of environmentally aware citizens of the younger generation and provide them with education and know-how in sustainable development. They are vital in driving change for society, the country, and the world as the threat of climate change is real and it is affecting all of us right now. The evidence clearly shows that ecosystems on which humankind depends upon is vulnerable. We’ve witnessed the impacts on agriculture, tourism, and health in Thailand, in this region and around the world. It’s time everyone lent a hand to take care of our surroundings and make the planet a better place,” the CEO said.

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As the brand ambassador and the representative of the new generation, Panipak “Tennis” Wongpattanakit, the Olympic gold medallist in taekwondo, notes that global warming is not only a big problem for the planet but also for all humankind. However, we can start saving the earth by taking care of the two-meter circle around us. It can be any simple action, from recycling used plastics, reducing waste, opting for clean energy by using a bicycle instead of a car to increasing green spaces by planting more trees. Everyone is invited to fight against global warming. If everyone lends a hand and takes care of the two-meter space around them, the dots will be connected, and the world will be a better place.

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The people of Thailand and employees of C.P. Group are invited to take part in #2MetersToSaveEarth by taking a photo or video clip of themselves stretching their arms to their sides, signifying the two-meter space around them that they are using to save the earth. The action can be planting a tree or recycling used plastics. The photo or clip should then be shared on social media. This is how we can start to save the earth. 

Please click on the links below to access the advertising: https://www.youtube.com/watch?v=CEUGpMsTUKw

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Grand launch of super luxury living at Hyde Heritage Thonglor celebrated with planting of 9 trees as a head start to Bangkok Governor Chadchart Sittipunt’s City-Wide Tree Planting project of 20,000 trees

Grand Star Co.,Ltd the developer of Hyde Heritage Thonglor, recently hosted the grand launch of the super luxury residential project that is now ready for anyone interested in “Timeless Elegance”. Bangkok Governor Dr. Chatchart Sittipunt presided over the launch by planting the first 9 trees, a reflection of the company’s commitment to joining the governor’s goal of planting 20,000 trees citywide. The company is a joint venture between three leading Thai and Japanese companies, namely Japan’s top-5 property company Sumitomo Forestry Co.,Ltd (SFC), Grande Asset Hotels and Property Plc. and Property Perfect Plc. The partner companies will continue growing more trees in support of the governor’s green policy.

Top executives and VIP guests participating at the grand launching include Grande Asset Hotels and Property Plc.’s Chairman Mr. Wichai Thongtang, Japanese Ambassador to Thailand Mr. NASHIDA Kazuya, Property Perfect Plc.’s CEO Mr. Sanith Adhyanasakul, Japan SFC’s Executive Officer, Deputy Chief Director of Main Overseas Housing and Real Estate Business Unit Mr. Kenji Inui,  the Eastern Economic Corridor Office’s Secretary General Dr. Kanit Sangsubhan, Labour Ministry Gen Mr. Adul Saengsingkaew, Mr. Wacharakiti Vatcharothai, Grande Asset Hotels and Property Plc.’s director and vice chairman of board of executive director Dr. Bhichit Rattakul, Grande Asset Hotels and Property Plc.’s CEO Mr. Vitavas Vibhagool and Krungsri Bank Plc.’s Executive Vice President
Mr. Prakob Phiencharoen.

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Mr. Pheeraphon Nonthasoot, Executive Vice President, Corporate Branding & Communicaiton, Sales & Marketing, Grande Asset Hotels and Property Public Company Limited,, describes the super-luxury Hyde Heritage Thonglor as one of the best condominiums in Thailand. Ideally located just 250 meters from BTS Thonglor station and 150 meters from an iconic T-One Building which can be accessed by the BTS skywalk, the project boasts an area of more than 2,000 square meters on eight floors earmarked for common areas with 28 functions. 

“Hyde Heritage Thonglor also emphasizes service and convenience that’s equivalent to the services of a 5-star luxury hotel through concierge services in partnership with Compass Hospitality, which is on hand to assist residents in various ways according to their needs,” said Mr. Pheeraphon.

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In addition, the project also offers exclusive services from Hyatt Regency Bangkok Sukhumvit, the five-star hotel in the Grand Asset Hotels & Property Plc portfolio, in bringing “On-Demand Service” to the exclusive living experience of residents of Hyde Heritage Thonglor.  The services will complement the facilities that the project provides in the common area including a private chef table on the 7th floor with a menu created by a personal chef from the 5-star hotel, space for an exclusive Private Party that makes your important event more special, and  a personal fitness trainer and yoga instructor on the 41st floor that will help one achieve the exercise goal more easily.

With a goal to give the best to its residents, the project has brought Japanese construction technology by Japan-based Sumitomo Forestry has brought its construction technology to ensure that project’s quality is up to international standards and maximizes energy saving. In another environmentally friendly move, the project also promotes clean energy through 30 EV chargers for residents, thus helping to reduce greenhouse gas emissions.

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 “We’ve joined hands with EVLOMO, a leading company in the electric vehicle industry from the United States, in installing the EV chargers in the Hyde Heritage Thonglor. The project is the first to support more than 30 EV Charger stations. It reflects our determination to be a real estate choice of the future for Thai residents who drive electric cars. EVs are becoming increasingly popular due to the government’s policy of making Thailand a regional hub of EV  production,” said Mr. Pheeraphon.

Situated on over two rai on Sukhumvit Road, the 45-floor Hyde Heritage Thonglor has 311 residential units with prices starting at 11.9 million per unit. The carpark ratio is also 100% (for all units). Unit space ranges from 40 sq. meters to the 358-sq-meter penthouse. The residential project is in a strategic location that is popular with both Thai and expatriates, especially the Japanese. This is because the area is home to famous restaurants, international schools, leading hospitals such as Samitivej and Bumrungrad hospitals and hi-end shopping malls.

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Mr. Peeraphon said that “Hyde Heritage Thonglor” is considered one of the most luxurious and elegant projects in Bangkok today. The design in the style of New York’s Manhattan district by well-known architects and designers such as I’LL Design, That’s ITH and SHMA helps elevate the lifestyle of the residents to the next level. The project has also joined hands with True Digital Group to bring “Digital Solutions” to the property by partnering with True Smart Living for all parts of the building. This is the first project that uses cutting-edge innovations from True Digital to create a smart living experiences via an application designed specifically for the project.

 “If you look at the cost-effectiveness in terms of investment, the Hyde Heritage Thonglor project is second to none compared with super-luxury projects in the nearby area. It has a competitive edge too, as it provides 5-star hotel services at reasonable prices. With its location on Sukhumvit Road combined with all the above elements, the Hyde Heritage Thonglor is unique. And we’re confident that Hyde Heritage Thonglor will meet the needs of buyers both in the country and abroad,” Mr. Peeraphon  added.

Get set to experience the highest level of luxury that meets every lifestyle today at the Hyde Heritage Thonglor, a super-luxury condominium in one of Bangkok’s best locations. The project is ready to welcome potential buyers. Interested persons can enjoy special promotions when registering online to view the project with a free furniture package from leading brands worth more than 3 million baht, and on-top discounts of up to 200,000 baht. For more information, call 065-146-5959 or register for special promotions now at  www.hydeheritage.com 

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Raging Fire Consumes 4th Tank at Cuba Oil Storage Facility

A resident sits on the malecon sea wall as smoke rises in the background from a deadly fire at a large oil storage facility in Matanzas, Cuba, Tuesday, Aug. 9, 2022. Photo: Ismael Francisco / AP
A resident sits on the malecon sea wall as smoke rises in the background from a deadly fire at a large oil storage facility in Matanzas, Cuba, Tuesday, Aug. 9, 2022. Photo: Ismael Francisco / AP

HAVANA (AP) — Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.

Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.

Cuban President Miguel Díaz-Canel said crews have taken control of the area where the fire is burning and are taking further steps to quell it.

“They are not easy tasks,” he said. “It is an intense and complex incident.”

The fire at the Matanzas Supertanker Base has killed at least one person and injured 125 others, with another 14 firefighters still missing. It also forced officials to evacuate more than 4,900 people and shut down a key thermoelectric plant on Monday after it ran out of water, sparking concerns about additional blackouts.

Those injured were treated mostly for burns and smoke inhalation. More than 20 remain hospitalized, with five of them in critical condition.

“This situation has us very worried at the moment because there are problems with electricity, with the environment, with the people who are still living here,” said Adneris Díaz a 22-year-old cafe owner.

The eight-tank facility plays a crucial role in Cuba’s electric system: it operates an extensive oil pipeline that receives Cuban crude oil that is then ferried to thermoelectric plants that produce electricity. It also serves as the unloading and transshipment center for imported crude oil, fuel oil and diesel.

The facility caught on fire late Friday after lightning struck one of its tanks, sparking several explosions as it spread over the weekend. The first tank was at 50% capacity and contained nearly 883,000 cubic feet (25,000 cubic meters) of fuel. The second tank was full.

Officials have yet to provide an estimate of damages.

The blaze comes just days after the government announced scheduled blackouts for the capital of Havana amid a sweltering summer.

“The economic effects are clear,” said Tahimi Sánchez, a 48-year-old cafe owner. “They are there, we will notice them and we will see them, but we are confident, and we are going to come out of all this well.”

___

Story: Andrea Rodríguez. Associated Press videographer Osvaldo Angulo in Matanzas, Cuba, contributed.

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