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CPF foresees continued growth in 2022 on the back of economic recovery

Charoen Pokphand Foods PLC (CPF) reported Bt512,704 million in sale revenue and Bt13,028 million in net profit in 2021. The dividend of Bt0.65 per share was approved for the year.

The 2021 sale revenue dropped by 13% from the previous year due to the transfer of Chia Tai Investment Co., Ltd. from a subsidiary to an associate in December 2020. Excluding this change, CPF’s sale revenue would have increased by 10% on year.

The COVID-19 pandemic remained a key factor that influenced the operations in 2021as well as the lockdown measures especially in Thailand and Vietnam that put pressure on consumer purchasing power and raised the operating cost.

CPF’s profitability rate dropped below the 2020 level due mainly to a sharp decline in pork prices in Vietnam and Thailand in the latter half of 2021. Exacerbating the situation was an increase in the raw material cost for feed mill production. CPF’s investment gains also declined by Bt5,087 million from the 2020 level due to the poor performance of affiliates in China and Canada as well as CP All Public Company Limited (CP All).

Mr. Prasit Boondoungprasert, Chief Executive Officer of CPF, is convinced that the 2022 performance would show an improvement from 2021, on expectation that the economy would recover on the back of easing COVID-19 infection rate. Demands are expected to pick up. Meanwhile, the Company emphasizes the enhancement of production and sales efficiency through technology and innovation for continuous improvement in competitiveness and the business operations have been adjusted to accommodate the new normal.

CPF’s Board of Directors resolved to ask for shareholders’ approval at the 1/2022 Annual General Meeting for the dividend payment of Bt0.65 per share. After the interim dividend payment of Bt0.40 on 10 September 2021, shareholders are entitled to the remaining dividend payment of Bt0.25. As the dividend comes from earnings after tax loss, dividend recipients are subjected to withholding tax accordingly to the Revenue Code. Individual recipients are not entitled to a tax credit, as specified in Section 47 (2) under the Revenue Code. 

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Siam Piwat partners with Pavilion Group to open “Discover Siam”, taking CURATED CREATIVE THAI BRANDS for the first time to Malaysia

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  • Siam Piwat has always been supportive of the Thai SMEs domestically and this time is poised in propelling them onto the global retail stage, expanding to new and unchartered markets. 
  • Siam Piwat has combined effort and cooperation with Pavilion Group, the largest developer, investor, and operator of shopping centers in Malaysia, bringing unprecedented experiences to Malaysian customers to fulfil both corporate giants being the ‘The Visionary Icon’ in its own respective country. 
  • 3-in-1 open-concept store , namely Ecotopia, Absolute Siam and ICONCRAFT is located on the Level 2 of Pavilion Bukit Jalil, Malaysia. These brands  aim to carry forward Siam Piwat’s innovative retail prototypes with new and exciting specialty offerings.

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Bangkok (1st March 2022) – Siam Piwat Co., Ltd., the owner and operator of prestigious world-renowned retail developments, such as Siam Paragon, Siam Center, Siam Discovery, and a joint venture partner of ICONSIAM and Siam Premium Outlets is reinforcing its position as ‘The Visionary Icon’ by leading Thai SMEs to expand their business to Malaysia with the inaugural launch of the concept brands, namely Ecotopia, Absolute Siam and ICONCRAFT grouped under  “Discover Siam”. These brands showcase the height of contemporary and traditional Thainess intertwined together and produce one-of-a kind offerings at Pavilion Bukit Jalil, a new forefront project in Malaysia under cooperation with Pavilion Group, the largest shopping center developer in Malaysia. The launch of “Discovery Siam” event in Kuala Lumpur was honored by Mrs. Piyapin Niyomreks, Deputy Head of Mission, Royal Thai Embassy (representing His Excellency Chainarong Keratiyutwong, Ambassador of Thailand to Malaysia) who presided over the event. 

Mrs. Usara Yongpiyakul, Chief Executive Officer Retail Business Group, Siam Piwat Co., Ltd., said, “Siam Piwat’s key policy is to build awareness of Thai brands on the world  stage while promoting and supporting Thai SMEs to step up onto the global market. Over the last two years, businesses around the world in various industries may have stumbled or may have been disrupted by the Covid-19 pandemic, but Thai brands are still gaining attention from different countries and we have continuously been inquired about selling abroad. Therefore, the opening of Ecotopia, Absolute Siam and ICONCRAFT at Pavilion Bukit Jalil, the largest fully integrated regional lifestyle mall in the Southern Corridor of Kuala Lumpur, Malaysia, is considered a significant milestone for both giant corporates. Partnering with Pavilion Group, owner and executive of high-end shopping centers in Malaysia, bringing the identity of everything about Thai by using innovative, contemporary but yet retaining the originality of crafts to be shared with a wider group of customers. I know this will only lead us, the retailers to offer cutting-edge plus multi-cultural shopping experience. This is in line with Siam Piwat’s vision of making a difference through creating a sense of wonder, extraordinary and unprecedented experiences.”

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The Pavilion Group, owner and executive of high-end department stores and major real estate in Malaysia, owner of Pavilion Bukit Jalil, the largest fully integrated regional lifestyle mall in the Southern Corridor of Kuala Lumpur, Malaysia spanning ​​​​over 1.8 million square feet, is one of Siam Piwat’s Global Privilege Partners. The first collaboration that occurs  is the opening of the Ecotopia, Absolute Siam and ICONCRAFT, all showcasing products from Thai craftsmen in various product categories. The stores are designed with different art features and installations located at entrance and different areas, generating unique and fascinating ambience to bring awe and wonders to Malaysian shoppers.  

For Ecotopia, an eco-conscious community of environmentally friendly products, has commissioned one of its long-supporting artists to create an art installation called ‘Siam Yak’ which was constructed using discarded and recycled plastic parts and other materials, reflecting the core value of Ecotopia, by means of combining recycled materials in creating     an art piece that can be enjoyed and shared by everyone. The brands that will be sold in the store include MAG FISH, SEASUN Society, CHEWW.CO and SUPERBEE.

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For ICONCRAFT, a hub of inspiration to showcase the height of Thai craftsmanship with a collection of the best crafts by Thai craftsmen across the country, is the space which was designed and decorated by Khun Suwan Kongkhunthian, the owner of the Thai furniture brand YOTHAKA, who seamlessly combines handicrafts with design. The piece enhances the distinctiveness of the brands that will be sold in the store, including 5VIE SIS, Graph, Bangkok Baskets, COSMOS AND HARMONY and KITTHA KHON.

For Absolute Siam, a trendsetting store offerings one-of-kind contemporary and bold fashion products, has brought in the well-known and can’t be missed ‘Tuk-tuk’ from Thailand to serve as the landmark of the area with some of the innovative Thai fashion brands, such as Mahanakhon, TA.THA.TA, CORALIST, and ANONA that can be found here.

Mrs. Usara added that “This is just the first step of a plan to promote and support the talent of Thai entrepreneurs and designers to increase the opportunity for growth from the expansion of distribution channels and penetrate the target group in the wider international market. By the end of this year, we expect to explore different distribution channels for Thai brands through Siam Piwat’s global business partners to at least 12 countries, all of which are in the discussion process. We believe that this will be another important stage that will build and support local heroes becoming real global heroes, and for Siam Piwat to be successfully expanding into international markets.”

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Biden To Host ASEAN Leaders for Washington Summit in March

FILE - President Joe Biden speaks about the Russian invasion of Ukraine in the East Room of the White House, Feb. 24, 2022, in Washington. Photo: Alex Brandon / AP File
FILE - President Joe Biden speaks about the Russian invasion of Ukraine in the East Room of the White House, Feb. 24, 2022, in Washington. Photo: Alex Brandon / AP File

WASHINGTON (AP) — President Joe Biden will host the leaders of the Association of Southeast Asian Nations for a special summit in Washington next month, the White House announced Monday.

The meeting of the 10-member ASEAN will be held March 28-29 and is being billed by the White House as an opportunity to demonstrate the U.S. commitment to the bloc and a chance to mark 45 years of U.S.-ASEAN relations.

“It is a top priority for the Biden-Harris Administration to serve as a strong, reliable partner and to strengthen an empowered and unified ASEAN to address the challenges of our time,” White House press secretary Jen Psaki said in a statement.

The ASEAN nations are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

ASEAN barred Myanmar’s military-installed government leadership from the last annual summit in October, instead restricting the nation’s participation to non-political representatives. That policy is expected to remain in place for the March summit, according to a Biden administration official who was not authorized to comment publicly.

The summit comes as Biden has sought to make relations in the Pacific a top foreign policy priority amid growing concerns about China as a military and economic adversary. Biden has criticized Beijing for human rights abuses against Uyghurs in northwest China, suppression of democratic protests in Hong Kongmilitary aggression against the self-ruled island of Taiwan and more.

Biden participated in the October summit, where he announced more than $100 million in new U.S. spending in ASEAN countries on health programs, a new climate initiative, programs to assist with the economic recovery from the coronavirus pandemic and education programs.

It marked the first time since 2017, when President Donald Trump participated in the summit, that a U.S. president took part in a meeting of the bloc.

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Story: Aamer Madhani.

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Russia Slow To Win Ukraine’s Airspace, Limiting War Gains

FILE - The Ukrainian Antonov-225 Mriya (Dream), the world's heaviest and largest aircraft, makes a test landing at the new runway at the airport in Donetsk, Ukraine on July 26, 2011. Photo: Sergey Vaganov / AP File
FILE - The Ukrainian Antonov-225 Mriya (Dream), the world's heaviest and largest aircraft, makes a test landing at the new runway at the airport in Donetsk, Ukraine on July 26, 2011. Photo: Sergey Vaganov / AP File

WASHINGTON (AP) — In war, winning quick control of airspace is crucial. Russia’s failure to do so in Ukraine, despite its vast military strength, has been a surprise and may help explain how Ukraine has so far prevented a rout.

The standoff in the sky is among the Russian battle shortcomings, including logistical breakdowns, that have thrown Moscow off stride in its invasion.

Typically, an invading force would seek at the outset to destroy or at least paralyze the target country’s air and missile defenses because dominance of the skies allows ground forces to operate more effectively and with fewer losses. U.S. military officials had assumed that Russia would use its electronic warfare and cyber capabilities to blind and paralyze Ukraine’s air defenses and military communications.

A possible explanation for Russia’s failure to do so is that President Vladimir Putin built his war strategy on an assumption that Ukrainian defenses would easily fold, allowing Russian forces to quickly capture Kyiv, the capital, and crush Ukrainian forces in the east and south without having to achieve air superiority.

If that was the plan, it failed, although at this stage the conflict’s overall trajectory still seems to favor the larger, better equipped invading force. The invasion is less than a week old, and Russia still hasn’t committed to the battle the full force it had assembled on the border. A senior U.S. official said Monday that about one-quarter of the force hasn’t crossed into Ukraine.

The official, who spoke on condition of anonymity to discuss internal military assessments, said Ukraine has retained a majority of its surface-to-air missile systems — used to shoot down aircraft — and a majority of its helicopters and airplanes. One reason they have yet to be destroyed, the official said, may be because Ukraine’s air defenses were not centrally located and may have been moved around the country.

It appears that Russian commanders have become frustrated by the pace of their battlefield gains and failure to win full air dominance, the official said. In response they may consider more aggressive, larger-scale attacks against Kyiv and to reduce the significant remaining Ukrainian air defenses.

When he announced his decision to attack on Feb. 24, Putin gave no timetable for completing what he called not a war but a “special military operation.” By U.S. estimates he had assembled more than 150,000 troops on Ukraine’s borders.

“We think that they’re a few days behind where they expected to be” at this stage, Pentagon press secretary John Kirby said Monday, five days into a war that is the largest in Europe since World War II. “It’s clear, yes, the Russians have had their own challenges and they have met resistance we don’t believe they fully expected.”

Philip Breedlove, a retired Air Force general who commanded NATO forces in Europe from 2013 to 2016, said Russia did unleash substantial missile attacks on Ukrainian air defense sites and airfields in the first few days. And yet the Ukrainians have found creative ways to preserve their air and missile defenses.

“I am pleasantly surprised that the air defense capability of Ukraine, even though diminished, has carried on as long as it has,” Breedlove said. He added that Russia may yet bring more fighters and bombers into the conflict, even as Ukraine acquires Stinger missiles and other air defense weaponry from Western nations.

In Breedlove’s view, the weaponry provided to Ukraine by the United States and many other countries in recent weeks, including Javelin anti-tank missiles, has given Kyiv an important boost. He recalled that when Western countries in 2014 began providing radars used to detect and pinpoint the origin of artillery and mortar attacks, some questioned whether the Ukrainians could make good use of them.

“It was not long after they had them and started working with them that they were teaching us new tactics, techniques and procedures on how to employ them,” said Breedlove, who was NATO chief at the time.

“From what I read and see, the Ukrainians have done a pretty good job of inflicting costs on Russian airborne forces,” he said.

More broadly, beyond failing to destroy or ground the Ukrainian air force, the Russians as of Monday had not managed to capture any major Ukrainian city and were advancing far more slowly than planned, Pentagon officials have said in recent days.

Still there were signs of intensified conflict. Fighting raged in towns and cities scattered across the country. The strategic southern port city of Mariupol, on the Sea of Azov, was “hanging on,” said Zelenskyy adviser Oleksiy Arestovich. An oil depot was reported bombed in the eastern city of Sumy.

Video from Ukraine’s second-largest city, Kharkiv, showed residential areas being shelled, with apartment buildings shaken by repeated, powerful blasts.

“There are two basic ways you can describe the slowness of the Russian advance in Ukraine,” said Loren Thompson, a defense analyst at the Lexington Institute, a Washington think tank. “One explanation is deliberate restraint. The other explanation is poor execution. We don’t know enough to identify which is the more plausible explanation, but it’s important to recognize the Russians have all sorts of options they have not yet brought to bear,” including heavier use of cyberattacks against the Ukrainian command and control system and air defenses.

In its latest assessment, the Institute for the Study of War said Moscow has likely recognized that its initial approach failed and is moving additional combat power toward Ukraine.

“The tide of the war could change rapidly in Russia’s favor if the Russian military has correctly identified its failings and addresses them promptly, given the overwhelming advantage in net combat power that Moscow enjoys,” it said.

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Story: Robert Burns. Associated Press writer Lolita C. Baldor contributed to this report.

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Putin Puts Nuclear Forces on High Alert, Escalating Tensions

An armored vehicle rolls outside Mykolaivka, Donetsk region, the territory controlled by pro-Russian militants, in eastern Ukraine, Sunday, Feb. 27, 2022. Photo: AP
An armored vehicle rolls outside Mykolaivka, Donetsk region, the territory controlled by pro-Russian militants, in eastern Ukraine, Sunday, Feb. 27, 2022. Photo: AP

KYIV, Ukraine (AP) — President Vladimir Putin dramatically escalated East-West tensions by ordering Russian nuclear forces put on high alert Sunday, while Ukraine’s embattled leader agreed to talks with Moscow as Putin’s troops and tanks drove deeper into the country, closing in around the capital.

Citing “aggressive statements” by NATO and tough financial sanctions, Putin issued a directive to increase the readiness of Russia’s nuclear weapons, raising fears that the invasion of Ukraine could lead to nuclear war, whether by design or mistake.

The Russian leader is “potentially putting in play forces that, if there’s a miscalculation, could make things much, much more dangerous,” said a senior U.S. defense official, speaking on condition of anonymity to discuss rapidly unfolding military operations.

Putin’s directive came as Russian forces encountered strong resistance from Ukraine defenders. Moscow has so far failed to win full control of Ukraine’s airspace, despite advances across the country. U.S. officials say they believe the invasion has been more difficult, and slower, than the Kremlin envisioned, though that could change as Moscow adapts.

Amid the mounting tensions, Western nations said they would tighten sanctions and buy and deliver weapons for Ukraine, including Stinger missiles for shooting down helicopters and other aircraft.

Ukrainian President Volodymyr Zelenskyy’s office, meanwhile, announced plans for a meeting with a Russian delegation at an unspecified location on the Belarusian border.

It wasn’t immediately clear when the meeting would take place, nor what the Kremlin was ultimately seeking, either in those potential talks on the border or, more broadly, from its war in Ukraine. Western officials believe Putin wants to overthrow Ukraine’s government and replace it with a regime of his own, reviving Moscow’s Cold War-era influence.

The fast-moving developments came as scattered fighting was reported in Kyiv. Battles also broke out in Ukraine’s second-largest city, Kharkiv, and strategic ports in the country’s south came under assault from Russian forces.

By late Sunday, Russian forces had taken Berdyansk, a Ukrainian city of 100,000 on the Azov Sea coast, according to Oleksiy Arestovich, an adviser to Zelenskyy’s office. Russian troops also made advances toward Kherson, another city in the south of Ukraine, while Mariupol, a port city on the Sea of Azov that is considered a prime Russian target, is “hanging on,” Arestovich said.

With Russian troops closing in around Kyiv, a city of almost 3 million, the mayor of the capital expressed doubt that civilians could be evacuated. Authorities have been handing out weapons to anyone willing to defend the city. Ukraine is also releasing prisoners with military experience who want to fight, and training people to make firebombs.

In Mariupol, where Ukrainians were trying to fend off attack, a medical team at a city hospital desperately tried to revive a 6-year-old girl in unicorn pajamas who was mortally wounded in Russian shelling.

During the rescue attempt, a doctor in blue medical scrubs, pumping oxygen into the girl, looked directly into the Associated Press video camera capturing the scene.

“Show this to Putin,” he said angrily. “The eyes of this child, and crying doctors.”

Their resuscitation efforts failed, and the girl lay dead on a gurney, her jacket spattered with blood.

Nearly 900 kilometers (560 miles) away, Faina Bystritska was under threat in the city of Chernihiv.

“I wish I had never lived to see this,” said Bystritska, an 87-year-old Jewish survivor of World War II. She said sirens blare almost constantly in the city, about 150 kilometers (90 miles) from Kyiv.

Chernihiv residents have been told not to switch on any lights “so we don’t draw their attention,” said Bystritska, who has been living in a hallway, away from any windows, so she could better protect herself.

“The window glass constantly shakes, and there is this constant thundering noise,” she said.

Meanwhile, the top official in the European Union outlined plans by the 27-nation bloc to close its airspace to Russian airlines and buy weapons for Ukraine. The EU will also ban some pro-Kremlin media outlets, said European Commission President Ursula von der Leyen.

The U.S. also stepped up the flow of weapons to Ukraine, announcing it will send Stinger missiles as part of a package approved by the White House on Friday. Germany likewise plans to send 500 Stingers and other military supplies.

Also, the 193-member U.N. General Assembly scheduled an emergency session Monday on Russia’s invasion.

Putin, in ordering the nuclear alert, cited not only statements by NATO members but the hard-hitting financial sanctions imposed by the West against Russia, including Putin himself.

“Western countries aren’t only taking unfriendly actions against our country in the economic sphere, but top officials from leading NATO members made aggressive statements regarding our country,” Putin said in televised comments.

U.S. defense officials would not disclose their current nuclear alert level except to say that the military is prepared all times to defend its homeland and allies.

White House press secretary Jen Psaki told ABC that Putin is resorting to the pattern he used in the weeks before the invasion, “which is to manufacture threats that don’t exist in order to justify further aggression.”

The practical meaning of Putin’s order was not immediately clear. Russia and the United States typically have land- and submarine-based nuclear forces that are on alert and prepared for combat at all times, but nuclear-capable bombers and other aircraft are not.

If Putin is arming or otherwise raising the nuclear combat readiness of his bombers, or if he is ordering more ballistic missile submarines to sea, then the U.S. might feel compelled to respond in kind, said Hans Kristensen, a nuclear analyst at the Federation of American Scientists.

Earlier Sunday, Kyiv was eerily quiet after explosions lit up the morning sky and authorities reported blasts at one airport. A main boulevard was practically deserted as a strict curfew kept people off the streets. Authorities warned that anyone venturing out without a pass would be considered a Russian saboteur.

Terrified residents hunkered down in homes, underground garages and subway stations in anticipation of a full-scale Russian assault. Food and medicine were running low, Kyiv Mayor Vitali Klitschko said.

“Right now, the most important question is to defend our country,” Klitschko said.

In downtown Kharkiv, 86-year-old Olena Dudnik said she and her husband were nearly thrown from their bed by the pressure blast of a nearby explosion.

“We are suffering immensely,” she said by phone. “We don’t have much food in the pantry, and I worry the stores aren’t going to have anything either, if they reopen.” She added: “I just want the shooting to stop, people to stop being killed.”

Russia’s failure thus far to win full control of Ukraine’s airspace is a surprising lapse that has given outgunned Ukrainian forces a chance to slow the advance of Russian ground forces. Normally, gaining what the military calls air superiority is one of the first priorities for an invading force.

But even though Russian troops are being slowed by Ukrainian resistance, fuel shortages and other logistical problems, a senior U.S. defense official said that will probably change. “We are in day four. The Russians will learn and adapt,” the official said.

The number of casualties from Europe’s largest land conflict since World War II remained unclear amid the confusion.

Ukraine’s Interior Ministry said Sunday that 352 Ukrainian civilians have been killed, including 14 children. It said an additional 1,684 people, including 116 children, have been wounded.

Russian Defense Ministry spokesman Maj. Gen. Igor Konashenkov gave no figures on Russia’s dead and wounded but said Sunday his country’s losses were “many times” lower than Ukraine’s.

About 368,000 Ukrainians have arrived in neighboring countries since the invasion started Thursday, according to the U.N. refugee agency.

Along with military assistance, the U.S., European Union and Britain also agreed to block selected Russian banks from the SWIFT system, which moves money around thousands of banks and other financial institutions worldwide. They also moved to slap restrictions on Russia’s central bank.

Russia’s economy has taken a pounding since the invasion, with the ruble plunging and the central bank calling for calm to avoid bank runs.

Russia, which massed almost 200,000 troops along Ukraine’s borders, claims its assault is aimed only at military targets, but bridges, schools and residential neighborhoods have also been hit.

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Story: Yuras Karmanau, Jim Heintz, Vladimir Isachenkov and Dasha Litvinova. Isachenkov reported from Moscow. Ellen Knickmeyer, Eric Tucker, Robert Burns and Hope Yen in Washington; Francesca Ebel, Josef Federman and Andrew Drake in Kyiv; Mstyslav Chernov and Nic Dumitrache in Mariupol, Ukraine; and other AP journalists from around the world contributed to this report.

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DJ SLOWLYGREEN TO SPIN “SUNNY GROOVES” THIS MARCH, WITH TWO SUNSET SESSIONS AT THE STANDARD, HUA HIN

Guests and local residents invited to dance the night away at the Beach Bar on 4th March and Lido Bar on 5th March 2022, as this pioneering Thai DJ performs two exclusive sets

HUA HIN, THAILAND, FEBRUARY 2022: The Standard, Hua Hin’s newest and coolest beach resort, will continue to bring an upbeat Miami Beach vibe to Thailand’s gulf coast in March as it presents “Sunny Grooves”, two live sessions from DJ Slowlygreen that will add an extra spark of energy and excitement to the weekend evenings.

Staged on 4th and 5th March 2022 at The Beach Bar and Lido Bar, the resort’s chic social spaces, Sunny Grooves will let guests and local residents drop in, chill out and boogie down in a spectacular alfresco setting, surrounded by verdant lawns, tropical greenery and just steps away from the shimmering sea.

On Friday 4th March, DJ Slowlygreen will be spinning his eclectic tunes at The Beach Bar from 6pm till 9pm, so hotel guests, beachgoers and other party people can soak up the laidback atmosphere and throw some shapes on the soft sand. Then on Saturday 5th March, this pioneering Thai DJ will be setting up his decks at The Lido Bar from 4pm till 7pm, giving The Standard’s in-house guests and visitors the chance to unwind by the pool or get groovy on the grass.

Naturally, The Beach Bar and Lido Bar will be serving their sophisticated selections of cool cocktails, light bites and casual Thai snacks on both evenings. Diners seeking a more immersive culinary experience can head to Praça, The Standard’s restored heritage house and Thai izakaya by the sea, which serves authentic yet innovative Thai cuisine with a creative, international twist.

The co-founder of Durian Radio and part of the Däydang collective, which organizes some of the most talked-about parties in Bangkok, DJ Slowlygreen is inspired by sounds from around the world. His sets are always lively, with influences from the US house scene, disco, jazz, dub and world beats. Despite his name, he never takes things too slow! The Sunny Grooves sessions will be upbeat enough to let guests get down and dance barefoot, as day melts seamlessly into night. Check out for more detail: https://www.standardhotels.com/hua-hin/happenings/sunny-grooves-with-dj-slowlygreen

This is the latest example of The Standard’s commitment to showcasing local music and culture in all its forms, from emerging talents to established acts, in inspiring and intimate settings. Just as every Standard hotel around the world is unique, The Standard, Hua Hin sets the stage for artists and acts that reflect the diversity of Thailand’s vibrant music scene, including electro DJs, indie bands and more.

Newly-opened in December 2021, The Standard, Hua Hin brings a cool Miami vibe to Thailand’s golden gulf coast. With 199 rooms, suites and villas, the mid-century style Lido pool and bar, a Thai izakaya restaurant and juice café, this chic seafront hotel is a haven for curious global explorers.

The Standard hotels are only present in the planet’s most desirable destinations, from Miami Beach to the Maldives, London to New York, Hollywood to Hua Hin. For more information, please visit www.standardhotels.com.

Connect with the hotel via:
Facebook: The Standard Hua Hin
Line: @thestandardhuahin
Web: www.standardhotels.com

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Learn from Your Sales Data with a Retail Analytics Solution

Learn from Your Sales Data with a Retail Analytics Solution

There is a lot of useful information the sales data of a retail store can provide its manager with. Retail analytics solutions are extremely valuable in helping managers manage the stock levels in their stores. They also help managers decide the best time to offer specials on seasonal merchandise and provide many other logistical, practical, and analytical benefits. 

Sales Data Is Also Valuable to Suppliers

With stores facing ever more crowded shelves with similar products that all offer two-for-one deals and special discounts, keeping track of which brand is offering which deal can be a full-time job. 

A software-based analytical solution can deal with the tracking and reporting automatically. Managers don’t have to be trained in how to do it themselves or ask an employee to handle it. 

More importantly, every brand in the store can easily get what they need in relevant past sales data. The savings in time and effort is just one side of the benefits of investing in this software. The other side is the financial benefits this tracking and reporting can bring to a retailer. 

Every retailer knows it’s important to maintain a good, mutually beneficial relationship with all the brands represented in their store. Cooperation often leads to a greater volume of sales. Each of the brands has its own ongoing marketing activities throughout the year that can benefit from the store’s sales data for each brand.    

And many of these brands offer financial incentives based on sales volume that can add significantly to a retail store’s bottom line over the course of a year. When you multiply these incentives by the number of products a retailer has on their shelves, software-based retail analytics solutions begin to make a lot of sense. 

These solutions can also attract more suppliers that are eager to work with stores that can track and report their product’s sales during a specific time, or on an ongoing basis. Suppliers are attracted to retailers with this ability because this is valuable data the supplier can then apply to other regions. It helps them plan their production schedules as well as their marketing strategy and adds a lot more clarity to both. 

In-store Benefits of Analytics Solutions

Do you often notice one store having a lot more traffic and ongoing specials than others in your local mall or shopping centre? This is often because the managers of these establishments have learned the value of analysing their sales data. This analysis can unlock buying habits and provide insights into gaining loyal customers who visit your store often. 

Retailers and their suppliers can team up to offer regional data-based specials that reward them both with higher sales levels than other neighbouring regions have, simply by paying attention to the data and offering their own unique perspective. 

Consider eyos connect to Provide you with Valuable Sales Data

eyos connect is a company that offers software designed to work with existing POS systems and turn the data from the systems into something that can benefit the retailer, supplier, and customer. And it won’t cost the retailer anything to get started. 

Get in touch with eyos connect today to find out how their software can increase the capabilities and profits of your retail store. 

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Russia Presses Invasion to Outskirts of Ukrainian Capital

People waiting for a Kyiv bound train spread on a platform in Kostiantynivka, the Donetsk region, eastern Ukraine, Thursday, Feb. 24, 2022. Photo: Vadim Ghirda / AP
People waiting for a Kyiv bound train spread on a platform in Kostiantynivka, the Donetsk region, eastern Ukraine, Thursday, Feb. 24, 2022. Photo: Vadim Ghirda / AP

KYIV, Ukraine (AP) — Russia pressed its invasion of Ukraine to the outskirts of the capital Friday after unleashing airstrikes on cities and military bases and sending in troops and tanks from three sides in an attack that could rewrite the global post-Cold War security order.

Explosions sounded before dawn in Kyiv as Western leaders scheduled an emergency meeting and Ukraine’s president pleaded for international help. The nature of the explosions was not immediately clear, but the blasts came amid signs that the capital and largest Ukrainian city was increasingly threatened following a day of fighting that left more than 100 Ukrainians dead.

Ukraine President Volodymyr Zelenskyy said the government had information that “subversive groups” were encroaching on the city, and U.S. Secretary of State Antony Blinken said Kyiv “could well be under siege” in what U.S. officials believe is a brazen attempt by Russian President Vladimir Putin to dismantle the government and replace it with his own regime.

U.S. Defense Secretary Lloyd Austin told lawmakers on a phone call Thursday evening that Russian mechanized forces that entered from Belarus were about 20 miles from Kyiv, according to a person familiar with the call.

The assault, anticipated for weeks by the U.S. and Western allies and undertaken by Putin in the face of international condemnation and cascading sanctions, amounts to the largest ground war in Europe since World War II.

Russian missiles bombarded cities and military bases in the first day of the attack, and Ukraine officials said they had lost control of the decommissioned Chernobyl nuclear power plant, scene of the world’s worst nuclear disaster. Civilians piled into trains and cars to flee and patrons of a hotel were directed into a shelter as explosions sounded in Kyiv.

“Russia has embarked on a path of evil, but Ukraine is defending itself and won’t give up its freedom,” Zelenskyy tweeted. His grasp on power increasingly tenuous, he called Thursday for even more severe sanctions than the ones imposed by Western allies and ordered a full military mobilization that would last 90 days.

Zelenskyy said in a video address that 137 “heroes,” including 10 military officers, had been killed and 316 people wounded. The dead included border guards on the Zmiinyi Island in the Odesa region, which was taken over by Russians.

He concluded an emotional speech by saying that “the fate of the country depends fully on our army, security forces, all of our defenders.” He also said the country had heard from Moscow that ”they want to talk about Ukraine’s neutral status.”

Biden was to meet Friday morning with fellow leaders of NATO governments in what the White House described as an “extraordinary virtual summit” to disuss Ukraine.

U.S. President Joe Biden announced new sanctions against Russia, saying Putin “chose this war” and had exhibited a “sinister” view of the world in which nations take what they want by force. Other nations also announced sanctions, or said they would shortly.

“It was always about naked aggression, about Putin’s desire for empire by any means necessary — by bullying Russia’s neighbors through coercion and corruption, by changing borders by force, and, ultimately, by choosing a war without a cause,” Biden said.

Blinken said in television interviews that he was convinced that Russia was intent on overthrowing the Ukrainian government, telling CBS that Putin wants to “reconstitute the Soviet empire” and that Kyiv was already “under threat, and it could well be under siege.”

Fearing a Russian attack on the capital city, thousands of people went deep underground as night fell, jamming Kyiv’s subway stations.

At times it felt almost cheerful. Families ate dinner. Children played. Adults chatted. People brought sleeping bags or dogs or crossword puzzles — anything to alleviate the waiting and the long night ahead.

But the exhaustion was clear on many faces. And the worries.

“Nobody believed that this war would start and that they would take Kyiv directly,” said Anton Mironov, waiting out the night in one of the old Soviet metro stations. “I feel mostly fatigue. None of it feels real.”

The invasion began early Thursday with a series of missile strikes, many on key government and military installations, quickly followed by a three-pronged ground assault. Ukrainian and U.S. officials said Russian forces were attacking from the east toward Kharkiv, Ukraine’s second-largest city; from the southern region of Crimea, which Russia annexed in 2014; and from Belarus to the north.

Zelenskyy, who had earlier cut diplomatic ties with Moscow and declared martial law, appealed to global leaders, saying that “if you don’t help us now, if you fail to offer a powerful assistance to Ukraine, tomorrow the war will knock on your door.”

Though Biden said he had no plans to speak with Putin, the Russian leader did have what the Kremlin described as a “serious and frank exchange” with French President Emmanuel Macron.

Both sides claimed to have destroyed some of the other’s aircraft and military hardware, though little of that could be confirmed.

Hours after the invasion began, Russian forces seized control of the now-unused Chernobyl plant and its surrounding exclusion zone after a fierce battle, presidential adviser Myhailo Podolyak told The Associated Press.

The Vienna-based International Atomic Energy Agency said it was told by Ukraine of the takeover, adding that there had been “no casualties or destruction at the industrial site.”

The 1986 disaster occurred when a nuclear reactor at the plant 130 kilometers (80 miles) north of Kyiv exploded, sending a radioactive cloud across Europe. The damaged reactor was later covered by a protective shell to prevent leaks.

Alyona Shevtsova, adviser to the commander of Ukraine’s ground forces, wrote on Facebook that staff members at the Chernobyl plant had been “taken hostage.” The White House said it was “outraged” by reports of the detentions.

The Ukrainian Ministry of Defense issued an update saying that though the plant was “likely captured,” the country’s forces had halted Russia’s advance toward Chernihiv and that it was unlikely that Russia had achieved its planned Day One military objectives.

The chief of the NATO alliance, Jens Stoltenberg, said the “brutal act of war” shattered peace in Europe, joining a chorus of world leaders decrying an attack that could cause massive casualties and topple Ukraine’s democratically elected government. The conflict shook global financial markets: Stocks plunged and oil prices soared amid concerns that heating bills and food prices would skyrocket.

Condemnation came not only from the U.S. and Europe, but from South Korea, Australia and beyond — and many governments readied new sanctions. Even friendly leaders like Hungary’s Viktor Orban sought to distance themselves from Putin.

British Prime Minister Boris Johnson said he aimed to cut off Russia from the U.K.’s financial markets as he announced sanctions, freezing the assets of all large Russian banks and planning to bar Russian companies and the Kremlin from raising money on British markets.

“Now we see him for what he is — a bloodstained aggressor who believes in imperial conquest,” Johnson said of Putin.

The U.S. sanctions will target Russian banks, oligarchs, state-controlled companies and high-tech sectors, Biden said, but they were designed not to disrupt global energy markets. Russian oil and natural gas exports are vital energy sources for Europe.

Zelenskyy urged the U.S. and West to go further and cut the Russians from the SWIFT system, a key financial network that connects thousands of banks around the world. The White House has been reluctant to immediately cut Russia from SWIFT, worried it could cause enormous economic problems in Europe and elsewhere in the West.

While some nervous Europeans speculated about a possible new world war, the U.S. and its NATO partners have shown no indication they would send troops into Ukraine, fearing a larger conflict. NATO reinforced its members in Eastern Europe as a precaution, and Biden said the U.S. was deploying additional forces to Germany to bolster NATO.

European authorities declared the country’s airspace an active conflict zone.

After weeks of denying plans to invade, Putin launched the operation on a country the size of Texas that has increasingly tilted toward the democratic West and away from Moscow’s sway. The autocratic leader made clear earlier this week that he sees no reason for Ukraine to exist, raising fears of possible broader conflict in the vast space that the Soviet Union once ruled. Putin denied plans to occupy Ukraine, but his ultimate goals remain hazy.

Ukrainians were urged to shelter in place and not to panic.

“Until the very last moment, I didn’t believe it would happen. I just pushed away these thoughts,” said a terrified Anna Dovnya in Kyiv, watching soldiers and police remove shrapnel from an exploded shell. “We have lost all faith.”

With social media amplifying a torrent of military claims and counter-claims, it was difficult to determine exactly what was happening on the ground.

Russia and Ukraine made competing claims about damage they had inflicted. Russia’s Defense Ministry said it had destroyed scores of Ukrainian air bases, military facilities and drones. It confirmed the loss of one of its Su-25 attack jets, blaming “pilot error,” and said an An-26 transport plane had crashed because of technical failure, killing the entire crew. It did not say how many were aboard.

Russia said it was not targeting cities, but journalists saw destruction in many civilian areas.

___

Story: Yuras Karmanau, Jim Heintz, Vladimir Isachenkov and Dasha Litvinova. Isachenkov and Litvinova reported from Moscow. Francesca Ebel in Kyiv; Angela Charlton in Paris; Geir Moulson and Frank Jordans in Berlin; Raf Casert and Lorne Cook in Brussels; Nic Dumitrache in Mariupol, Ukraine, Inna Varennytsia in eastern Ukraine; and Robert Burns, Matthew Lee, Aamer Madhani, Eric Tucker, Nomaan Merchant, Ellen Knickmeyer, Zeke Miller, Chris Megerian and Darlene Superville in Washington contributed.

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World Leaders Slap Sanctions on the Kremlin Over Invasion

A tear rolls down through the colors of the Ukrainian flag on the cheek of Ukranian Oleksandra Yashan of Arlington, Va., as she becomes emotional while holding a sign that reads
A tear rolls down through the colors of the Ukrainian flag on the cheek of Ukranian Oleksandra Yashan of Arlington, Va., as she becomes emotional while holding a sign that reads "No War" during a vigil to protest the Russian invasion of Ukraine in Lafayette Park in front of the White House in Washington, Thursday, Feb. 24, 2022. Photo: Andrew Harnik / AP

BRUSSELS (AP) — World leaders Thursday condemned Russia’s invasion of Ukraine as “barbaric” and quickly slapped heavy sanctions on the Russian economy, President Vladimir Putin’s inner circle and many of the country’s oligarchs.

“Putin chose this war, and now he and his country will bear the consequences,” U.S. President Joe Biden declared.

In near-unison, the United States, the 27-nation European Union and other Western allies announced a round of punitive measures against Russian banks and leading companies and imposed export controls aimed at starving the country’s industries and military of semiconductors and other high-tech products.

From the U.S. to Western Europe and Japan, South Korea and Australia, nations lined up to denounce the Kremlin as the outbreak of fighting raised fears about the shape of Europe to come. The invasion initially sent stocks slumping and oil prices surging on fears of higher costs for food and fuel.

The West and its allies showed no inclination to send troops into Ukraine — a non-member of NATO — and risk a wider war on the continent. But NATO reinforced its member states in Eastern Europe as a precaution against an attack on them, too.

“Make no mistake: We will defend every ally against any attack on every inch of NATO territory,” said NATO chief Jens Stoltenberg.

In the meantime, countries began taking steps to isolate Moscow in hopes of forcing it to pay so high a price that it changes course.

Biden, for now, held off imposing some of the most severe sanctions, including cutting Russia out of the SWIFT payment system, which allows for the transfers of money from bank to bank around the globe. Ukraine’s president called for Russia to be cast out of SWIFT, but the U.S. has expressed concern about the potential damage to European economies.

Top Biden administration officials including the secretaries of State, Defense and Treasury briefed members of the U.S. Congress in unclassified calls Thursday.

“This is going to be a long battle that requires a sustained action and unity,” said Sen. Chris Van Hollen, D-Md., a member of the Foreign Relations Committee, after the session with senators.

The senator said there was agreement that Congress “stands ready to provide whatever additional resources are needed” as the U.S. supports the Ukraine military and backs the Ukrainian resistance. More funding may be needed from Congress.

Many lawmakers have pushed for the toughest sanctions possible on Russia to stop the invasion. The senator said there’s a recognition “we can continue to build” on those Biden has already announced.

EU leaders held an emergency summit and agreed on sanctions that cover, among other things, the financial, energy and transport sectors and various Russian individuals. In a statement, the leaders said the measures will have “massive and severe consequences” for Russia.

The details will not become available until Friday at the earliest.

“We want to cut off Russia’s industry from the technologies desperately needed today to build the future,” European Commission President Ursula von der Leyen said.

Dutch Prime Minister Mark Rutte said: “It is about the leadership of Russia and being merciless in finances and the economy.”

British Prime Minister Boris Johnson also announced financial restrictions and export controls. In addition, Britain will also prohibit Russia’s flagship airline, Aeroflot, from landing at British airports.

Johnson called the attack on Ukraine “hideous and barbaric” and said of Putin: “Now we see him for what he is — a bloodstained aggressor who believes in imperial conquest.”

Canada imposed sanctions that will target 58 people and entities, including members of Russia’s elite and their families, the paramilitary Wagner Group and major Russian banks. The punitive measures, announced after Prime Minister Justin Trudeau attended a virtual meeting of G-7 industrialized nations, will also cover members of the Russian Security Council, including key cabinet ministers.

In the days before the attack, Germany suspended approval of the Nord Stream 2 gas pipeline from Russia.

With Stoltenberg and Johnson, von der Leyen called the invasion a “barbaric” attack on an independent nation that threatened “the stability in Europe and the whole of the international peace order.”

The new U.S. sanctions also targeted the military and financial institutions of Belarus, Ukraine’s neighbor to the north. Russia is using Belarus as a staging ground for troop movements into Ukraine.

Separately, the U.N. Security Council is expected to vote Friday on a resolution condemning Russia and demanding the immediate withdrawal of all its forces. But Moscow is certain to veto it.

Highlighting a widening rift in superpower relations, China stood alone in failing to condemn the attack and instead accused the United States and its allies of worsening the crisis.

In a clear defense of Moscow, China “called on parties to respect others’ legitimate security concerns.”

Foreign Ministry spokesperson Hua Chunying said that “all parties should work for peace instead of escalating the tension or hyping up the possibility of war” — language China has consistently used to criticize the West in the crisis.

China went further and approved imports of wheat from Russia, a move that could reduce the impact of Western sanctions. Russia, one of the biggest wheat producers, would be vulnerable if foreign markets were closed off.

The possible repercussions extended well beyond economics and geopolitics. The director of the Africa Centers for Disease Control and Prevention worried that the crisis will further distract global attention from helping the world’s least vaccinated continent fight COVID-19.

In New York City, a projection artist is projecting “Stand With Ukraine” and the country’s flag on a wall of the United Nations headquarters. The artist, David Forsee, says he decided to do this because he’s “a concerned person who doesn’t want to be surrounded by nukes.”

___

Story: Raf Casert and Sam Petrequin. Associated Press journalists around the world contributed to this report.

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