Informa August 2021

ISSUE August 2021

INFORMA The Business Magazine of the Thai - Italian Chamber of Commerce

2021 Olympics: Italy’s Marcell Jacobs wins men’s 100 meters Cr. theathletic.com

August 2021

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President's Message Federico Cardini President

PRESIDENT Mr. Federico Cardini VICE PRESIDENTS Mr. Simone Callai Ms. Mallika Esposito Seu Margherita BOARD OF DIRECTORS Mr. Andrea Gallucci Mr. Brian K. Prasomsri Mr. Chakrit Benedetti Mr. Enzo Massimo Chiappa Dr. Francesco Pensato Mr. Luca Bernardinetti Mr. Rene Okanovic Mr. Yongyudht Teeravithayapinyo DESIGN AND ART DIRECTION: Ms. Sasithorn Amartmontee EDITOR Mr. Michele Tomea ADVERTISING CONTACT Mr. Mufaddal Jafferjee (MJ) Sales & Marketing Manager Tel: +66 2 255 8695 Ext. 103 E-mail: marketing@thaitch.org Thai-Italian Chamber of Commerce 1126/2 Vanit Building II, Room 1601B 16th Floor, New Petchburi Rd., Makkasan, Rajdhevee, Bangkok 10400 Tel: +66 2 253 9909, +66 2 255 8695 Fax: +66 2 253 9896 E-mail: secretarygeneral@thaitch.org TICC STAFF: Mr. Michele Tomea Secretary General Mr. Giacomo Iobizzi Deputy Secretary General Mr. Mufaddal Jafferjee (MJ) Sales & Marketing Manager Ms. Chenchira Boonchuai Membership Executive Ms. Sasithorn Amartmontee Media and Editorial Manager Ms. Sirintip Chungasa Accounting Manager Mr. Nattapong Phalathikom Event Coordinator

Dear Valued Members, I am delighted to present the August 2021 Issue of our Informa Magazine. As Italians we view August as the vacation month, thus, the TICC would like to express its strong support and encouragement to all of our members and affected Thai institutions as Thailand navigates another wave of COVID-19. Each wave has been a test of adaptability and innovation, but I am confident that the Italian and Thai business communities will be able to make it work and lead to significant improvements.

In this issue, I would like to express my gratitude to the participants who contributed us articles for this edition of INFORMA, as a result of which we are now able to publish monthly magazines. Thailand Board of Investment, Bumrungrad, CPS Group, Frigel, Legor group, Chatamue, Gistda and Moodart fashion school, other informative pieces from our member companies are among the papers in this edition. We will also include an article from a business association that will provide useful information for our Thai members and local producers as it includes information to overcome the ongoing logistical challenges and multiple COVID-19 era custom regulations.

Thailand’s mass immunization effort for COVID-19 launched this month, based on the current local situation. Our member, T.Man Pharma has also shared with us the Propolis product a power of nature against COVID-19. We are optimistic that the local situation will continue to improve as a result of this news, and we expect that normality will soon return.

The TICC crew has made significant progress in our transition to online media outlets, despite the ongoing pandemic and public health limitations. In this regard, we encourage our members, followers, and network to subscribe to/follow our YouTube channel and Facebook page for the most up-to-date information and intriguing initiatives. Our prior webinars, as well as regular updates to the TICC’s website and Facebook page, are available on our YouTube channel.

As TICC member and President, I would like to express my sincere thanks to all members for their unwavering support and active participation in TICC. In the coming years, we wish for nothing but the best. Furthermore, I wish everyone safety and good health, and I strongly recommend you to get vaccinated as soon as possible. I hope to see you in the near future.

Arrivederci!

Federico Cardini President

SCAN-MEDIA REPRESENTATIVE Mr. Gregers Moller PUBLISHER Scand-Media Corp., Ltd. 211 Soi Prasert Manukitch 29, Prasert Manukitch Road, Chorakaebua, Ladprao, Bangkok 10230 Tel: +66 2 943 7166-8 Fax: +66 2 943 7169

ABOUT US

Mr. Finn Balslev Director of Marketing Scand-Media Corp., Ltd. Tel: +66 2 943 7166 Ext. 116 Fax. +66 2 943 7169 Mobile: +66 81 866 2577 Email: finn@scandmedia.com www.scandmedia.com

The main goal of the Chamber is to enhance cooperation between Italy and Thailand, by developing programs of common interest in order to increase the awareness between organizations and public administrations in the two countries. In order to reach its goals, TICC constantly organizes activities, seminars, commercial missions, networking events and meetings to promote the development of commercial activities as well as industrial and cultural collaboration between organizations and entrepreneurs both Thai and Italian.

The Thai-Italian Chamber of Commerce (TICC) is a private, non-profit organization which has a network of companies from all around the world but mostly focusing on Italian and Thai companies with its headquarters in Bangkok, Thailand.

TICC is a member of Assocamerstero (the association of Italian Chamber of Commerce abroad) (http://www.assocamerestero.it), the Joint Foreign Chambers of Commerce in Thailand (JFCCT) (http://www.jfcct.org) and is one of the founding partners of the European ASEAN Business Center (EABC)

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CONTENTS

CONTENTS

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GREEN BANGKOK 2030

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BECOMING WORLD CLASS: PAT’S GREEN PORT PROJECT

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THAILAND BOI APPROVES ENHANCED INCENTIVES TO PROMOTE R&D AND HRD

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PROPOLIS A POWER OF NATURE AGAINST COVID-19

DIGITAL ASSET LICENSES IN THAILAND.......................................................................................................................................13 THAILAND’S FIRST MYCOPROTEIN READY TO HIT THE MARKET ...............................................................................................16 THAI CP GROUP BRINGS LOTUS SUPERMARKETS INTO DIGITAL AGE......................................................................................19 CHATRAMUE ORIGINAL THAI TEA..............................................................................................................................................20 YOUR DECORATIVE LIGHTING DESTINATION.............................................................................................................................21 STUDY FOOD AND FASHION IN ITALY - THE BEST OF MADE IN ITALY.......................................................................................22 LEGOR GROUP: SPECIALISTS IN PRECIOUS METALS SCIENCE..................................................................................................23 FRIGEL GROUP, ITALIAN MANUFACTURER OF COOLING SYSTEM...........................................................................................24 CPS GROUP, TECHNICAL INFORMATION ON OUR TWO MODELS 1400 AND 650, COPMA BRAND...................................25 FORTHCOMING EVENTS & WEBINARS.......................................................................................................................................26 FORTHCOMING TRADE SHOWS.................................................................................................................................................29 NEW MEMBERS............................................................................................................................................................................30

LIST OF ADVERTISEMENTS

P. 2

P. 18

P. 9

P. 4

P. 27

P. 28

P. 17

P. 31

P. 32

August 2021

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Green BAngkok 2030

Today, the world of the 21st century has undergone many changes.

Both in terms of communication and technology that affects our daily lives. Looking around, you can see that almost everything is driven by technology and energy. Therefore, we forget the most important thing is green space and fresh air. Especially in Bangkok when you picture it, you will only see lots of buildings, temples, shopping malls and other buildings which have reduced parks and greenery in Bangkok. It is evident that the amount of green space is almost three times less than the standard set by the World Health Organization (WHO). There should be more than 9 square meters of green space/person, but Bangkok has a green area to population ratio of 3.54 square meters/person. This will not only affect the overall condition of Bangkok but also affects the atmosphere and global warming due to a large amount of greenhouse gases. Compared to capital cities in other countries, they have planted trees or built parks to compensate for the loss of trees. For example, in New York City, the midst of the city that never sleeps in the USA, there is Central Park which is the largest park in the world.

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Green BAngkok 2030

However, the fact that Bangkok does not meet the standards from the WHO does not only affect the atmosphere it also affects the weather in Bangkok. For example, from the end of 2020 till the beginning of 2021 Bangkok had some of the highest numbers of PM 2.5 dust in the world.

In Bangkok, the rate of pm 2.5 was the 3rd highest in the world in December which affects the living conditions of many Bangkokians. The Permanent Secretary for Bangkok, Mrs. Silpasuay Raweesangsun, did not have a calm attitude about the situation in Bangkok. She also recognized the importance of trees and green spaces in the city. Therefore, they would like to create the Green Bangkok 2030 project by inviting government agencies, the private sector, educational institutions, and network partners to join the committee to create quality and sustainable green spaces under participation from all sectors.

Pol Gen Asawin Kwanmuang, Governor of Bangkok has announced its intention to increase green areas in Bangkok to achieve the target within the year 2030 on December 15, 2019, at Wachirabenjathat Park. Some areas can be developed into green areas, such as vacant land, vacant spaces under expressways, empty space by the water, empty space by the railroad, empty sidewalks including planting trees around the electric train pole. but it is still important that we choose the right species of plant such as Koi, English Ficus, dragon tongue, rabbit arch, yellow betel nut, Claudia because they can grow without obstructing the visibility of road users. It can cover the landscape and reduce dust in the air as well. In addition, trees are planted that can catch dust well according to the results of a study of the National Research Office (NRCT), such as Kratomthong, Klanang Pim, Sethi Ruen Nok, and more ferns.

The operation started with planting trees and increasing the park area of Bangkok. Currently, the project is underway, namely the Suan Yen Pen Suk project, Ladprao area of 10 rai, and the garden project from Phu Pha to Mahanati, Chatuchak District, area of 26 rai. There are also 11 pilot areas in the Green Bangkok project, which are parks in each district. Also, the office PTT Head Office Area under the expressway, Bang Son BTS Station, Bang

Sue District, etc. If the construction is completed, there will be approximately 108 rai of green area.

For the year 2021-2022, according to the investment plan of Bangkok, the city people will use the service of 12 more green gardens, which come from the people’s faith - NGOs donate 6 small and large plots of land with a total area of 123 rai, consisting of Half rai of land in front of Hua Lamphong Temple, along the Chao Phraya River, Khlong San District 2 rai, Rim Chao Phraya District, Bangkok Noi District 3 rai, Phutthamonthon Sai 3 Road, a large plot of 98 rai, in Soi Wachiratham Sathit 35, the medium size 14 rai, and another 4 rai of land in Soi Srinakarin 24.

The host of the operation is “BKK Environment Office.” Upon request, there will be an assessment of the suitability of the area.

Land plot physical, accessibility, delivery time Then it is the last step in the development of land plots into green areas.

Personally, the author thinks that not only adding green areas or raising trees will solve all problems, but also, we must look at the matter of limiting the area to build buildings, places not to spread more non environmental buildings and invade green areas in the future. In addition, Bangkok needs a city planning system that separates the different places better and more efficiently. It may make Bangkok comparable to “the city of the gods built” according to the slogan of Bangkok itself. Because if there is a good urban planning system, there will be more green spaces and it will help with congestion or concentration of population in each district as well as traffic congestion which is one of Bangkok’s top problem.

However, having begun to develop more green areas to Bangkok is considered the starting point of the treatment to getting a greener city which will keep Bangkok livable and attractive to residents and tourists. Therefore, everyone should be aware of the importance of not only following the rules of the WHO, but to protect the planet, reduce pollution and purify the air for good health and the peace of mankind in the future. Let this Bangkok be “our Bangkok”, Bangkok that is pleasant to live in for all times to come.

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Thailand BOI Approves Enhanced Incentives to Promote R&D and HRD, and to Attract Semiconductor Manufacturing, Digital Activities and Smart Packaging

Thailand BOI Approves Enhanced Incentives to Promote R&D and HRD, and to Attract Semiconductor Manufacturing, Digital Activities and Smart Packaging The Thailand Board of Investment (BOI) at a meeting today approved a series of measures to encourage more investment in research and development (R&D) and engage the industry more actively in human resource development (HRD). Enhanced incentives are also offered to attract investment in the growing semiconductor, digital and packaging industries.

As Thailand is aspired to become more innovation-driven, private sector R&D plays a very significant role. In order to encourage companies to step up their R&D, the BOI has proposed to the board that projects that invest or spend at least 200 million baht or 1% of their total sales of the first 3 years be entitled to a longer tax breaks (maximum 13 years) with no corporate income tax exemption ceiling. The number of additional years of tax holidays depends on the amount of R&D spending/investment. Moreover, companies that participate in apprenticeship programs or spend on advanced technology training can also enjoy greater tax incentives.

“We see R&D and HRD being the most critical factors in strengthening the country’s competitiveness”, Ms Duangjai Asawachintachit, Secretary General of the BOI, said after the meeting chaired by Prime Minister Gen Prayut Chan-ocha.

The Covid-19 crisis has further highlighted the importance of high technology and the digital economy, from the rising demand for electronics products of all sorts, to the increased usage of digital services and platforms. Amid the pandemic, the semiconductor industry has experienced demand hike and companies are looking for more resilience in the global supply chain. Thailand, with electronic products as the country’s top export products, aims to attract more semiconductor manufacturing. Front-end capital and technology-intensive manufacturing such as wafer fabrication will be given 10-year tax holidays while advanced integrated circuits, IC substrate and printed circuit board projects with machinery investment of at least 1.5 billion baht will be offered 8-year tax break.

The BOI also approved a revamp of its promotion policy for businesses operating on the supply side of the digital economy by focusing on hiring and developing IT workforce as well as upgrading companies to relevant international standards.

Companies applying for BOI privileges under the single reorganized category called “Development of Software, Digital Services Platform or Digital Content” will be eligible for 8-year tax holidays, with the yearly ceiling reflecting additional hiring of Thai IT personnel, training expenses and costs of international standard certifications, such as ISO 29110 and CMMI Level 2 and above.

“On the digital business side, the improved investment promotion aims to encourage the development of a broader pool of qualified Thai IT specialists, and to allow the creation of more competitive local platforms and IT operations,” Ms Duangjai said.

Thailand, which has already made significant investment in its digital ecosystem, including by taking the lead in ASEAN in building a 5G infrastructure, has long attracted investment from around the world in the electronics sector, with a promotion policy that covers the entire supply chain. Thailand is currently the 13th largest exporter in the world for electronic products and parts.

To ensure that Thailand’s packaging industry stays on top of the global trends in the sector and to encourage investment in technology and environmental sustainability, as emphasized in the Government’s Bio-Circular-Green (BCG) model, the BOI today approved enhanced investment incentives for the production of so-called smart packaging and environmentally friendly packaging, including recycled materials.

The BOI also approved a revised scope for the International Business Center (IBC) and Trade and Investment Support Office (TISO) categories with the aim to allow for more flexible operations by foreign multinationals operating regional and international offices in Thailand. The revised scope of both categories will allow companies that do not operate a treasury center to provide lending to affiliated companies in and outside Thailand under the relevant exchange control regulations.

The board also approved five investment applications, with a combined investment value of 49.9 billion baht, as per the following details: 1. Hin Kong Power Company Limited received approval for a power generation project, with an investment value of 32.5 billion baht. The natural gas-fired plant, located in Ratchaburi Province, will have a production capacity 1,540 megawatts.

2. B.Grimm Power (Angthong) 2 Limited received approval for a power generation, and steam production project, with an investment value of 5.3 billion baht. The project, located at World Food Valley Thailand Industrial Estate in Angthong Province, will have a capacity of 145 megawatts of electricity, and 30 tons / hour of steam.

3. B.Grimm Power (Angthong) 3 Limited received approval for a power generation and steam production project and natural gas pipeline project, with an investment value of 5.2 billion baht. The project, located at World Food Valley Thailand Industrial Estate in Angthong Province, will have a capacity of 145 megawatts of electricity, and 30 tons / hour of steam, while the natural gas pipeline will have a capacity of 13,914 million standard cubic feet / year.

4. Top SPP Company Limited received approval for a power generation and steam production project, with an investment value of 4.35 billion baht. Located in Chonburi Province, the project will have a capacity of 120 megawatts of electricity and 294.2 tons / hour of steam.

5. Toyobo Indorama Advanced Fibers Company Limited received approval for a high tenacity synthetic filament yarn project, with an investment value of 2.6 billion baht. The project, located at Map Ta Phut Industrial Estate in Rayong Province, will have an annual production capacity of 9,300 tons. This special type of fabric is commonly used as a raw material for airbags.

For more information, please contact: Thailand Board of Investment 555 Vibhavadi-Rangsit Road, Chatuchak Bangkok 10900 Tel. +66 (0) 2553 8111 | Website: www.boi.go.th YouTube: Think Asia, Invest Thailand

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02-616-5555

Coca-Cola

August 2021

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becoming world class: pat’s green port project

SPECIAL FEATURE

Becoming World Class: PAT’s Green Port Project

Becoming World Class:

The Port Authority of Thailand (PAT) has continuously developed and promoted the Green Port Project to support its mission and strategy to conduct port businesses in parallel with environmental protection. The project enhances recognition among stakeholders while supporting growth and sustainable development. PAT also aims to reduce greenhouse gas emissions and encourage stakeholders, including employees, customers, port users, and communities, to participate in reducing the impacts of port operations on the environment. Key aspects of the Green Port Project are as follows:

Adoption of Alternative Energy: PAT promotes the use of alternative energy within the organization. As part of this plan, in 2017, wind turbines were installed at Laem Chabang Port to generate electricity for port activities.

PAT’s Green Port Project

Energy-saving Projects: PAT participates in a number of projects aimed at increasing energy efficiency in the government sector, which are funded by the Energy Conservation Fund. Activities undertaken so far include:

The Port Authority of Thailand (PAT) has continuously safety standards and avoid1)any environmental at reducing emissions of greenhouse gases such LED flood Replacing 338 conventional light bulbs with sub-500-W developedPolicy and promoted the Green Port Project to impacts. PAT has issued thelights; environmental policy as carbon dioxide. These include: Environmental support its mission and seeks strategytoto enhance conduct initsorder to achieve sustainable development, PAT’s environmental policy organizational 2) Installing three inverter motor units for 55-kW cool water pumps; port businesses in parallel with environmental reduce global warming, and increase confidence of Shift Mode Logistics Development: administration to meet required safety standards and avoid any 3) Changing three Promotion high-efficiency chilling system units of over 350 protection.impacts.

The project enhances among port users. environmental PAT hasrecognition issued among the environmental policy tons of refrigeration.PAT supports the government’s policy in promoting the modal shift of transport from road to water and stakeholders while supporting growth and sustainable in order to achieve sustainable development, reduce global rail transport.

Shift mode logistics is expected to development.

PAT also aims to reduce greenhouse On September 1, 2017, PAT announced its warming, and increase confidence among port users.

Implementation of these projects enables PAT to save 3.7 million gas emissions and encourage stakeholders, Sustainable Waste Management Policy to provide decrease the number of trucks travelling to and units of electricityfrom annually.

In Port, 2019, PATas relieve also traffic replaced 53 Laem Chabang as well including employees, customers, port users, the framework for environmentally-friendly On September 1, 2017, PAT announced its Sustainable conventional transformers Port, congestionwith and low-loss reduce themodels incidenceatofBangkok road and communities, to participate in reducing the managementWaste and to support sustainable Management to provide framework environmentallycuttingthe energy by over perayear, equivalent to impacts ofPolicy port operations on thethe environment.

Key fordevelopment.

This also supports nationalusage accidents.

The427,000 Policy alsokWh supports reduction in friendly aspects management support sustainable a greenhouse gas reduction of approximately 200 reduce tons of carbon fuel consumption, which will consequently of the Greenand Portto Project are as follows: policydevelopment. under which waste management has been This also supports the national policy under which waste the same gas year, PAT applied theCoastal slow-steaming declared a National Agenda.dioxide annually. Ingreenhouse emissions.

The 20G management has been declared a National Agenda. concept on three Terminal of its dredgers 8 and at Bangkok (Sondon Port and the7,Single Rail9), which Environmental Policy Transfer Operator at Laem Chabang Portdown fuel Emissions PAT’s environmental policy seeks to enhance its Reducing Greenhouse Gas seeks to deliberately reduce the (SRTO) speed of ships to cut been developed

by PAT only maintain organizational administration to meet required PAT has implemented a number of measures aimed Reducing Greenhouse Gas Emissions consumption and have carbon emissions.

Thisto not practice can reduce PAT has implemented a number of measures aimed at reducing carbon dioxide emissions by as much as 53 tons per year. emissions of greenhouse gases suchas carbon dioxide. These 13 include: Green Area Expansion: PAT has carried out various projects to expand green areas, both the customs fence and around its ports.

Promotion of Shift Mode Logistics Development: Projects include Green Area Expansion and Landscape Improvement PATsupports NEWS-NO 50.indd 13 government’s policy in promoting the modal 17/3/2564 16:20:04 PAT the in the area of Laem Chabang Port, Mangrove and Laem shift of transport from road to water and rail transport. Shift mode Chabang’s Coast Preservation, Reforestation Project of the logistics is expected to decrease the number of trucks travelling Green Ecological Area in Sri Nakhon Khuean Khan Park, Bang Pu to and from Laem Chabang Port, as well as relieve traffic Mangrove Forest and Coastal Conservation Project, Implementing congestion and reduce the incidence of road accidents. The Mangrove Afforestation and Coastal Conservation Activities Policy also supports a reduction in fuel consumption, which will at Bang Pu Recreation Center, and Reforestation Project with consequently reduce greenhouse gas emissions. The 20G Coastal Ranong Port.

Terminal at Bangkok Port and the Single Rail Transfer Operator (SRTO) at Laem Chabang Port have been developed by PAT to Environmental Management not only maintain the environmental quality but also to enhance PAT has initiated several projects aimed at facilitating more the positive image of both ports. effective environmental management. Projects include: 10 INFORMA

becoming world class: pat’s green port project

Ship Waste Management and Waste Segregation: Bangkok Port has revised its Ship Waste and Garbage Management Manual to be in line with the International Convention for the Prevention of Pollution from Ships Annex V of MARPOL 73/78.

Ship owners or ship’s agents who wish to discharge waste from their vessels in the area of Bangkok Port are required to segregate their solid waste properly, as per Bangkok Port’s Ship Waste Management Manual. Besides, Bangkok Port has installed 14 sets of trash bins, each with three compartments including blue bins for general waste, yellow bins for recyclable waste and red bins for hazardous waste, as well as provided information for PAT officials and port users on appropriate garbage separation.

Wastewater Treatment System: PAT has installed a wastewater treatment system which ensures wastewater is treated in accordance with the quality standards stipulated by law before being released to public water resources.

Air Pollution Management: PAT has established measures for dust prevention at its construction sites, encouraging port officials to switch off engines when not in use, vacuuming transit sheds, eliminating dust on road surfaces in the port area, spraying water to minimize the spread of dust, and performing regular checks and maintenance of vehicle engines.

Environmental Information System: PAT has developed an Environmental Information System (EIS) with an aim to collect data

concerning the utilization of PAT’s resources, including consumption of fuel, water and electricity supply, waste from operations, and levels of pollution derived from environmental quality measurement and monitoring activities. The information is used in carrying out follow-ups, inspections and assessments on environmental impacts.

In addition, the EIS will enable PAT to analyze and evaluate greenhouse gas emissions from port operations. This information can be evaluated by PAT’s executives in order to make the right strategic decisions concerning implementation of projects and measures on energy consumption and the environment. Currently, PAT’s executives are able to monitor greenhouse gas emissions via an application on their tablets.

Follow-up Inspections PAT undertakes follow-up inspections on environmental quality in accordance with Environmental Impact Assessment (EIA) reports.

PAT regularly monitors and follows up on the impacts of its operations on environmental quality, which may affect the quality of life of port staff, port users and nearby residents. Monitoring of air quality, wastewater quality and levels of noise as well as other related environmental impacts are conducted on a yearly basis at the main ports under PAT’s supervision, namely Bangkok Port, Laem Chabang Port, Chiang Saen Commercial Port and Ranong Port.

August 2021

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digital asset licenses in thailand

Introduction to Digital Assets

Regulated Parties

The global digital asset landscape has seen vast development and growth in recent years. In Thailand, the market is rapidly becoming an alternative investment and fundraising opportunity for established and emerging companies and entrepreneurs. Now, more than ever, foreign and domestic investors are making their way into blockchain-based investment.

There are a number of different parties who are subject to regulation in the exchange, purchase and selling of digital assets. These include digital asset exchanges, brokers, dealers, fund managers and advisors.

Of course, with such rapid growth, Thailand has had to quickly adapt to this new digital market. As such, the Securities and Exchange Commission (SEC) has established regulatory foundations in order to support and manage the digital asset industry.

Digital Asset Law The predominant piece of legislation governing the digital asset industry in Thailand is the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) (the ‘Decree’). The Decree regulates all aspects of the digital asset arena, including issuers, portals and the offering of digital assets, as well as the people and services involved in the sale, purchase and exchange of digital assets such as exchanges, brokers, dealers, fund managers and advisors.

In conjunction with the Decree, the industry is also controlled by the Amendment of the Revenue Code (No 19) B.E. 2561 (the ‘Code’), which regulates the share of profits, or any benefits derived from having possession of digital tokens, the capital gains from the transfer of cryptocurrencies or digital tokens and withholding tax obligations.

Types of Digital Assets There are two types of digital assets to which the regulations apply; digital tokens and cryptocurrencies. Any digital asset which falls under the definition of either a cryptocurrency or a digital token will be subject to the laws regulating digital assets.

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Digital Asset Exchange A digital asset exchange is a centre or network which facilitates the buying, selling and exchange of digital assets in the normal course of business. Essentially, the exchange matches a purchaser with a digital asset and operates a system which allows them to enter into an agreement to purchase the asset.

Digital Asset Broker A digital asset broker is a person or entity who assists another person in the purchase, sale or exchange of a digital asset in exchange for a commission, fee or other form of remuneration.

Digital Asset Dealer A digital asset dealer enables a person to sell, purchase or exchange digital assets through their own account, outside of the digital asset exchange.

Digital Asset Fund Manager A person who, in the normal course of business, manages assets for other persons in order to seek benefit from digital assets is a digital asset fund manager.

Digital Asset Advisor A digital asset advisor is a person who provides advice, whether directly or indirectly, regarding the value, appropriate investing opportunities, the purchase, sale or exchange of any digital asset.

This is done for a fee or for some other form of remuneration.

How to Obtain a Digital Asset License Persons and entities involved in the digital asset market are required to obtain a license from the Ministry of Finance (MOF).

digital asset licenses in thailand

The application process involves a preliminary recommendation from the SEC, followed by consideration and approval of the MOF. Key Criteria for the SEC Approval Businesses applying for a digital asset license in Thailand must meet the following requirements to obtain approval from the SEC: 1. Have a company established in Thailand; 2. Directors, executive directors, and people with management and power, including the major shareholders, must not have prohibited characteristics or qualifications as prescribed by the SEC; 3. Have a solid business plan, including demonstrating that they have a system ready to operate the digital asset; and 4.

Have the audited financial statements comply with Thai Financial Reporting Standards, prepared by an auditor who is on the approved list prescribed by the SEC. If the applicant is a digital asset exchange, they must not also be operating as a digital asset dealer, and vice versa.

Figure 1. Eligibility criteria for SEC approval

Figure 2. Minimum paid-up capital (PUC) requirements to obtain a license License Fees There are prescribed fees that an applicant must pay in order to obtain a license. The initial license fee is THB 30,000, regardless of the type of service applying for the license.

There are further licensing fees, depending on the type of service holding the license as follows: Digital asset exchange: ✓ A license fee of TBH 2.5 million; and ✓ An annual fee of 0.002% of the total trading value (generally around THB 0.5-20 million).

Digital asset broker: ✓ A license fee of THB 1.25 million; and ✓ An annual fee of 0.001% of the total trading value (generally around THB 0.25-10 million).

Paid-up Capital Requirements To be eligible for the license, companies must have the following paid-up registered capital amounts:

Digital asset dealer: ✓ A license fee of THB 1 million; and ✓ An annual fee of 1% of the profit (capital gain) from the trading (generally around THB 0.1-5 million).

Digital exchange: ✓ At least THB 50 million for a regular digital exchange. ✓ At least THB 10 million for a non-asset-keeping exchange. ✓ At least THB 10 million for an asset-keeping exchange that does not have the ability to access or transfer customers’ assets without their approval.

Digital asset fund manager: ✓ A license fee of THB 0.5 million; and ✓ An annual fee of 0.001% of the total value of the assets under management each calendar year (generally around THB 0.5-10 million).

Digital asset broker: ✓ At least THB 25 million for a regular digital asset broker. ✓ At least THB 1 million for a non-asset-keeping broker. ✓ At least THB 5 million for an asset-keeping broker that has no ability to access or transfer customers’ assets without their approval.

Digital asset dealer: ✓ At least THB 5 million.

Digital asset fund manager: ✓ At least THB 25 million for asset-keeping managers or managers who provide services to non-institutional customers. ✓ At least THB 10 million for non-asset-keeping managers who only provide services to institutional customers.

Digital asset advisor: ✓ THB 1 million.

Additionally, exchanges, brokers, dealers, fund managers and advisors must maintain net capital as prescribed by the relevant regulations.

Digital asset advisor: ✓ A license fee of THB 15,000; and ✓ An annual fee of THB 25,000.

Application Process and Approval The application period for obtaining a digital asset license is 150 days from the date of submission to the SEC. After the application is submitted, the SEC will consider the application and forward it to the MOF within 90 days of receipt. The MOF will consider the application for a further 60 days from the SEC’s recommendation and either accept or reject the application.

The digital asset business operator must begin its business operations within 180 days from the date that it obtains approval from the SEC and MOF. Businesses approved to exchange, purchase and sell digital assets are considered ‘financial institutions’ under Thai law. As such, they are subject to anti-money laundering and counter terrorist financing laws and must comply with the obligations imposed under those laws. This includes customer due diligence, know your customer and transaction reporting regulations.

Mahanakorn Partners Group Kian Gwan House III, 9th Floor, 152 Witthayu Rd, Lumphini, Pathum Wan, Bangkok 10330 Tel: +66 (0) 2651 5107 | info@mahanakornpartners.com | www.mahanakornpartners.com August 2021

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Thailand’s First Mycoprotein Ready to Hit the Market

Thailand’s First Mycoprotein Ready to Hit the Market The global Mycoprotein Meat Substitute market was valued at 891.34 Million USD in 2020 and will grow with a CAGR of 8.28% from 2020 to 2027 (www.industryresearch.co). Alternative protein is taking off.

The National Center for Genetic Engineering and Biotechnology (BIOTEC), National Science and Technology Development Agency (NSTDA) under Ministry of Higher Education, Science, Research and Innovation announced their success on Mycoprotein that has been produced in Thailand for the first time.

The research yielded an outstanding result, the alternative protein with meat-like texture consists of nutritional values, essential amino acids, fiber, vitamins and beta-glucan, but is low in fat and cholesterol-free, which is safe for consumption. Together with a business partner, BIOTEC plans on releasing “vegan ground meat” and “ready-to-eat food” products into the market.

Dr. Kobkul Laoteng, Director, Functional Ingredients and Food Innovation Research Group, National Center for Genetic Engineering and Biotechnology (BIOTEC), revealed that nowadays more consumers prefer alternative proteins as they have become more health-conscious and concern about the risks of meat being contaminated with antibiotics and diseases, resulting in many alternative products to replace meat such as plant-based and insect proteins have now become available in the market.

“Mycoprotein is not new as it has already been available in Europe and North America but for Thailand as we were not able to produce it domestically, it had to be imported. Now our research team at BIOTEC has finally been able to develop the technology to successfully produce Mycoprotein from eatable microbes found in Thailand.”

Dr. Kobkul explained that her team carefully selected strains of food-grade microbes with desirable properties. The selected strains can produce a significant amount of proteins, and do not contain toxins that are harmful to consumers. After acquiring the right strain, the team devoted in the technology development for lab- and pilot-scale production and is going to scale up to industrial scale in the near future. The focus is on producing affordable, quality proteins to compete in the market.

Dr. Kobkul went on to explain that “The team also further improve the physical structure of mycoprotein resulting in even better superb texture. Now our mycoprotein looks like ground meat that

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can replace beef in several dishes such as burgers, spicy ground meat salad, stir-fried basil leaves, chili pastes, etc. In the future, we plan on developing mycoprotein to physically look like real meat.

As for nutritional qualities, we have found that our mycoprotein has high proteins in the similar level as proteins from eggs, and lower energy compared with other protein sources.

Apart from being a quality source of proteins, mycoprotein is particular safe for consumption as it uses the fermentation technology, which is controllable and free from chemicals and antibiotics.

It is environmentally friendly process due to the use of land and energy, and greenhouse gas emission are less than the meat production.

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THAI CP GROUP BRINGS LOTUS SUPERMARKETS INTO DIGITAL AGE

THAI CP GROUP BRINGS LOTUS SUPERMARKETS INTO DIGITAL AGE CONGLOMERATE FRESHENS UP CHAIN'S IMAGE WITH BREAK FROM TESCO This rebranded Lotus’s store in central Bangkok opened in May. (Photo by Marimi Kishimoto)

BANGKOK -- Charoen Pokphand Group, Thailand’s largest conglomerate, is to overhaul its Lotus supermarket chain to respond to new pandemic shopping habits and address the brand’s image problems under previous owner Tesco.

brand, removing the Tesco name and switching from the old red-and-green logo to a light blue-green. “We expect the rebranding of our entire estate of 2,100-plus stores in Thailand to complete in 2022,” Sompong said.

The $10.5 billion-plus acquisition of Tesco’s Southeast Asian operations late last year brought the chain back under CP Group more than two decades after it sold Lotus to the U.K. supermarket chain. The conglomerate has since been rebranding and adapting the stores to consumer habits that have changed under pressure from both the COVID-19 health emergency and competition from online-only retailers.

CP will also leverage the rest of the group’s capabilities to improve the fresh-food selection at Lotus’s -- a particular weakness during the Tesco days. Food is a core business for the conglomerate, generating a third of its sales.

The “Lotus’s” supermarket that opened its doors in downtown Bangkok this past May is a testing ground for this strategy. The “s” in the new suffix stands for “smart,” according to the company.

Throughout the store are “Scan & Go” panels, where shoppers can scan QR codes to buy products on display and have them delivered at times of their choosing. This lets customers handle items in person before purchasing and shop without lugging bags home.

The store offers a range of other digital-physical hybrid services, including “Click & Collect” -- letting customers make purchases online and pick them up in-store -- and home deliveries via the Grab superapp.

“We focus on smart shopping solutions” with “personalized and digitalized services,” Sompong Rungnirattisai, CEO of Ek-Chai Distribution System, told Nikkei. Ek-Chai operates the Lotus’s chain.

The concept store sits in an intensely competitive neighborhood for retailers. “The fact that I don’t need to walk around with heavy or bulky stuff if I stop by in the middle of a shopping trip is appealing,” a 35-year-old Bangkok resident said.

This digital pivot is part of CP Group’s efforts to burnish the chain’s image and shed its association with Tesco, which Thai consumers had come to associate with cheap, low-quality goods. The British retailer, struggling with competition from German discount chains in its home market, had lacked the resources to invest in improving Asian operations.

The conglomerate is unifying its supermarkets under the Lotus’s

“Our particular focus is on fresh food with great quality” and a broad array of offerings, such as poultry, meat, seafood, and imported and local fruits along with fresh vegetables straight from the farm, Sompong said.

CP’s convenience stores may come into play as well. The group has 12,000-plus 7-Eleven locations in Thailand, controlling more than 80% of the market, and has data and other retail know-how that could be applied to the supermarket business.

The group plans to expand the supermarket chain by 20% compared with before the acquisition in pursuit of economies of scale. “In 2021, we aim to expand with an additional 300 to 400 branches in different formats,” including in the “mini-supermarket” category, Sompong said.

The wide-ranging conglomerate’s intense interest in the supermarket business is the product of Senior Chairman Dhanin Chearavanont’s personal attachment to the Lotus chain, which originally belonged to CP and which Dhanin has called his “child.”

After taking a beating amid the 1997 Asian currency crisis, the struggling CP sold 75% of Lotus to Tesco the following year and unloaded its remaining stake in 2003.

When Tesco put Southeast Asian operations up for sale, CP pounced. It beat out fellow conglomerate TCC Group and Central Group, Thailand’s biggest retailer, in what became the country’s largest-ever acquisition.

But while this Thai household name is back in its original owner’s hands, the retail landscape has been transformed in the intervening two decades with the rise of e-commerce and convenience stores. Lotus’s may end up competing with 7-Eleven stores also run by CP. August 2021

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ChaTraMue Original Thai Tea

ChaTraMue Original Thai Tea

ChaTraMue’s history began more than 100 years ago with their first tea shop setup in China – years later, the family migrated to Thailand and set up another shop in Bangkok. Subsequently the shop in Bangkok was destroyed and burned to the ground during the second World War. The tea business was rebuilt after the war when ChaTraMue re-established in 1945!

ChaTraMue’s main products were initially Chinese Teas which were traditionally served as hot teas but the locals preferred cold beverages due to Thailand’s warm climate. To meet locals’ demand, “Thai Tea” or “Cha Yen” under ChaTraMue brand was developed to cater to the locals’ palette right up to this day.

With 75 years of research and development, ChaTraMue mastered the art of tea making, blending quality Thai Tea that has a unique aroma, fragrance and taste.

ChaTraMue’s factory is located in Chiang Rai where the climate is best suited for tea and coffee plantations. Only carefully selected fresh tea leaves and coffee seeds are harvested to ensure the quality of its products. With their long-standing experience in research and development, tea leaves and coffee seeds are blended with high quality controls meeting industry standards such as GMP, HACCP, Halal, etc.

ChaTraMue has a dedicated Research & Development Center with Manufacturing Facilities to continue meeting market demands with innovative blending and packaging. They continued to uphold their foundational value of quality products with reasonable pricing satisfying local and international customers!

Having built a reputation over the years, ChaTraMue is not only a household name but gained fans from overseas too with their recognizable red and gold logo with a Thumb-up image embedded within it, the Thumb-up was their original logo that translated in the current company’s name ChaTraMue. Their Thai

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Tea is so popular with overseas visitors to Thailand often filling their luggage with cans of Thai Tea as souvenirs for their families and friends back home. Today, ChaTraMue has over 100 stores in Thailand and several stores across Asia while making plans to go into the China market.

ChaTraMue offers traditional tea and innovative creations such as blended teas and desserts at selected stores. Their latest products include a new blend of Oolong Tea that is easy to brew, with stronger, richer taste and flavor. They have launched a series of 3-in-1 products that consists of collagen and germinated brown rice, in a selection of Coffee, Cocoa, Matcha and Thai Tea. Their mission is for every individual in the world to taste the craftsmanship and quality of ChaTraMue teas and products.

Your Decorative Lighting Destination

Your Decorative Lighting Destination Lighting Factory, a one-stop lighting service from design to installation, is your sought-after destination for high quality decorative lighting fixtures which can truly address any level of your lighting imagination with the help of our experienced online marketing team to guide you through the ideal choice of your decorative lighting solutions. At Lighting Factory, our end - users, whether interior decorators or lighting project designers, can enjoy the widest range of our latest decorative lighting designs and products at the most reasonable and affordable prices for both households and projects of any scale.

After long experience in the lighting industry of his family since 1979, Mr. Baramee Vongwongruk, the CEO and the family’s third generation in administra- tion, decided to found a new company under the name ‘Lighting Factory in 2016 in partnership with Mr. Kanchanit Sukhanaphorn, the Design Director & Brand CEO. This business partnership led to subse- quent renovation of the pre-existing 2,400-square meter lighting showroom and warehouse at their former 6,500-square meter textile factory which have currently been transformed into the first lighting showroom ever built at the factory, with the primary purpose of lowering the company’s operat- ing costs to enable provision of most reasonably priced high quality decorative lighting fixtures to customers.

At Lighting Factory , we have been continuously devoting our efforts to digital marketing since our establishment on November 29, 2016 by delivering nothing but the best of our working team’s expertise and profound understanding of lighting, together with the availability of products responsive to the most recent trends and innovation in lighting in order to appeal to more interior decorators and lighting project designers. Our constant dedication to provid- ing the best lighting solutions to our customers has won us widespread fame among lighting project designers and placed us as one of the fastest growing lighting companies in Thailand.

At present, Lighting Factory market share has seen steady growth domestically and a great promise of expansion into international markets in the very near future.

“In 2018, Lighting Factory was officially appointed Thailand’s exclusive dealer for LUCEASON, the luxury Italian brand of lamps under the concept ‘where lighting meets timeless art’. This business trust has allowed a valuable opportunity for coordination in lighting craftsmanship and concepts between Lighting Factory and worldclass designers.

Showcased in this new showroom is a comprehensive selection of our one-of-a-kind and unique lighting fixtures both in their appearance and representation, which can guarantee our customers a worthwhile visit, along with up-for-grabs furniture designed by SIRIN and plenty of decorative ornaments for home decor. Inside our new showroom, there are also beautifully-de- signed photography spots ideal for our visitors to appreciate and use for their advertising and commer- cial purposes. and commercial purposes.

At Lighting Factory, our marketing, sales, and installation teams are deemed indispensable for provision of excellent lighting service to our customers. With 40 years in the lighting industry, we are certain in our years of expertise and customer satisfaction that Lighting Factory Thailand boasts the best installation team who are hospitable, well-mannered, and well-trained to provide lighting and installation services with the highest level of safety and aesthetics for our customers.

Lighting Factory Co., Ltd. Soi Suk Sawat 76/2, Lat Luang, Phra Pradaeng District, Samut Prakan 10130 Tel : 097-070-7999, 096-990-9993⁣ | Email : info@lfthai.com | Website : www.lightingfactory.co.th

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STUDY FOOD AND FASHION IN ITALY - THE BEST OF MADE IN ITALY

STUDY FOOD AND FASHION IN ITALY THE BEST OF MADE IN ITALY Are you passionate about Made in Italy? Have you ever considered studying abroad?

If not, it is time to do it!

Fondazione San Nicolò is the reference educational center in Italy for professional Training.

Among other schools, it includes: 1. ACCADEMIA DELLE PROFESSIONI - Professional training school specialized in Food&Beverage and Hospitality.

2. MOODART FASHION SCHOOL - Professional training school specialized in Fashion.

Today we will interview Irene Fanini, International Relations Manager for the two schools, who will tell us a bit more about the schools and the courses they offer.

ACCADEMIA DELLE PROFESSIONI What is Accademia delle Professioni?

Accademia delle Professioni is a Professional training school specialized in Food&Beverage and Hospitality. It offers more than 100 training courses per year for over 2,600 students with an 85% employment rate at the end of the course. Accademia headquarter is in Padova with other 6 schools in northern Italy, including the cities of Verona and Venice. Italian gastronomic culture is known worldwide - from pizza and pasta to gelato and tiramisù, from wine to craft beer. Accademia wants to value Made in Italy by improving professional skills in the field.

What kind of certification do the courses have?

All the courses are provided according to the EQF (European Qualification Framework) standards, a common European framework that permits to compare qualifications from different countries and institutions. This Certification is valid in Europe and recognized all over the world.

Could you please give us more information about the “PROFESSIONAL COURSE IN ITALIAN CUISINE & FOOD CULTURE”?

Yes, sure. One of the courses we offer is called “PROFESSIONAL COURSE IN ITALIAN CUISINE & FOOD CULTURE”. It is a 3-week intensive course with the possibility to complete an internship in the field afterward.

During the course, participants will deepen a full series of both theoretical and practical lessons – held in English – about Pasta, Pizza, Italian Cuisine and Oenology. They will learn everything about the most famous Italian culinary traditions while improving their knowledge on food, technologies and processing methods.

The Course takes place in Verona, Italy. Verona is a UNESCO heritage site which offers a thriving food and beverage scene, and a burgeoning natural and organic food industry.

Some testimonials from past students: “I particularly appreciated the opportunity to have an internship

because it allowed me to test myself and put into practice the knowledge learned at the Academy alongside great professionals in the field.”, William Andriolo - Professional Chef course “Why didn’t I do it sooner? I found myself again. I used to be happy, but today I’m complete, happy and fulfilled, and having fun in the kitchen.”, Henrique Josè Garcia - Professional Chef course “Academy’s teachers are professional and make their skills available to the students. I have learned their knowledge and techniques starting from oenology to cooking techniques.

Academy for me was like a real family that will always remain in my heart.”, Nathaline Gebrael - Professional Chef course MOODART FASHION SCHOOL Irene, could you please let us know more about MOODART Fashion School?

MOODART Fashion School is a higher education school specialized in fashion communication. It was funded in Verona (Italy) 10 years ago and since then, it has been focusing on students by guiding them through a constant growth and discovery process.

To be sincere.. In 2010 there were no schools in Italy focusing only on the professions of fashion Communication, that’s why Elisa Sorrentino, CEO & Founder, decided to create it!

Which courses would you suggest to those who are interested in discovering more about Fashion Made in Italy?

We offer 2 courses that in my opinion are the perfect fit for those who are passionate about Fashion and Italy or that are dreaming to work in the field.

During the courses participants will understand how style affects brands, image, and sales, with a specific focus on Made in Italy.

Participants will touch different fabrics, visit the main Italian brands’ shops, meet professionals in the sector and understand the work behind the scenes of the fashion magazines that we browse everyday.

Please find below some information about the courses: 1. ITALIAN FASHION EXPERIENCE - 9 days The Italian Fashion Experience aims to give participants a full immersion experience in Italy, discovering all about Fashion Made in Italy, in order to enhance and celebrate the unique Italian taste in the world.

2. 360° FASHION FUNDAMENTALS - 10 weeks (8 weeks online + 2 weeks in Italy) The 360° Fashion fundamentals course prepares students in the principles of the fashion industry, by giving an overview of the hard and soft skills that are relevant to work in the field.

Accademia delle Professioni Email: international@accademia.me | www.accademia.me Course in English: https://italiancookingcourse.accademia.me/

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MOODART Fashion School Email: international@moodart.com | www.moodart.com/en/ Courses in English: https://www.moodart.com/en/advanced-courses/italian-fashion-experience-en https://www.moodart.com/en/advanced-courses/360-fashion-fundamentals-en/

Legor Group: Specialists in Precious Metals Science

Legor Group Specialists in Precious Metals Science Producers of master alloys and plating solutions for the jewelry, fashion and industrial sectors Legor Group S.p.A. is a multinational company specialized in metals science for the jewelry and fashion accessory sectors. From metallurgy to chemistry, thanks to our technology and R&D, Legor helps its clients come up with innovative solutions, shaping their ideas into fascinating creations.

Transformation is what best represents Legor: transformation of metals, from the core to the surface, of our service according to the market changes and our specific clients’ needs and of people, wishing to be happy and caring for each other and the world we live in.

Legor is committed to sustainable innovation and knowledge sharing, pioneering new technologies and transforming metals into best-class alloys, powders, and plating solutions. We work every day to be the worldwide reference for the precious metal’s science serving jewelry, fashion, and electroplating-industrial sectors, mastering supply chain and production processes with focus on Sustainability.

Our uniqueness is that Legor combines and balance 2 complementary fields of expertise: Metallurgy and Chemistry that, driven by our R&D, can support our clients through the whole process: from the idea to the actual item creation.

The Group is present worldwide with 7 branches (Russia, Turkey, Thailand, China, Hong Kong, and USA), of which the one based in Thailand is the biggest; an India Special Partner and over 50 dedicated dealers spread all around the globe.

40% of worldwide gold jewels are produced with Legor alloys, while 10% of worldwide jewels and fashion accessory items treated with Legor plating solutions.

Legor Group S.p.A. Via del Lavoro, 1, 36050 Bressanvido (VI) – Italy Contact Roberto Falisi | Email: Roberto_f@legor.com Tel. (Bangkok) +66 81 376 3106 | www.legor.com

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Frigel Group, Italian manufacturer of cooling system

Frigel Group Italian manufacturer of cooling system efficiency and precision in your cooling process

Since 1960, the Frigel team of experts has been helping manufacturers around the world achieve verifiably better results in uptime, efficiency, precision and more.

It’s not just about our technology. It’s about your process. The real difference at Frigel is that our people know processing as well as we know process cooling. And every day, we put that knowledge to work for you.

From consultation to engineering to service, the entire Frigel network is committed to bringing you advanced process cooling solutions that are uniquely optimized for your application, your facility and your process. You get a custom configuration of proven technologies that’s expertly designed, carefully engineered and fully supported to drive maximum efficiency and productivity in your operation.

You probably don’t have the time or resources to focus on process cooling. But that doesn’t mean you should overlook the great opportunities in these areas to improve the profitability and productivity of your whole operation.

Today, Frigel is the world leader in process cooling in the Plastic industry thanks to the Ecodry System. In the last two decades , the system

has completely changed the way plastic expert solve cooling and thermoregulation needs. As well, has a new integrated cooling solution specifically designed for the needs of Beverage industry based on an innovative engineering concept that truly represents a new paradigm for the beverage industry, able to cover all the cooling needs, increase of productivity, drastically reducing the management cost and minimizing environmental impact compared to traditional solutions. Moreover, Frigel cooling and temperature control solutions are able to satisfy every Industrial application in different market sectors from die casting to Marine, Oil & Gas applications.

Frigel’s process cooling systems offer far greater uptime than conventional cooling systems – cutting maintenance time by up to 40 hours per month. Frigel is ISO 9001 Quality System certified.

Move beyond conventional cooling systems and toward the verifiably better performance of our advanced cooling technology.

In thousands of installations around the world, Frigel’s proven results are empowering new levels of operational excellence.

Ecodry’s 3-phased approach – traditional dry cooling, adiabatic cooling and enhanced cooling with the patent-pending Adiabatic Booster System – delivers better cooling performance and greater flexibility to meet your operation’s specific needs.

Frigel’s control system makes maintenance and performance optimization easier than ever. Our team or yours can track, manage and fine tune a wide array of system parameters in real time – resolving issues quickly while continuously enhancing your operation. Frigel is present worldwide with 8 Production sites ( 2 sites in Thailand), 4 commercial branches and 51 distribution/ service points. More than 10,000 customers around the world are getting benefits saving water, electricity, reduction of maintenance cost, a global assistance with prepared technicians, present everywhere.

So turn to Frigel – because that’s exactly how we’ve been helping manufacturers like you for over 50 years. Today, you can count on our global network of process, cooling and energy experts to bring you the best solution possible.

For more information please contact; Emanuele Pasquinelli Marketing and Commerce Vice President Frigel Asia Pacific Co., Ltd. 1/36 Moo 5, TFD Industrial Estate, Tasa-arn, Bangpakong, Chachoengsao 24130 Ph. +66 3857 7799 | Email. sales.fap@frigel.com | www.frigel.com

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CPS GROUP, Technical information on our two models 1400 and 650, COPMA brand

CPS GROUP Technical information on our two models 1400 and 650, COPMA brand Over the past 50 years, COPMA cranes have been built on technical expertise and innovative research into heavy-duty lift solutions.

Offering both the dynamic and the flexibility of advanced enginnering to address the toughest markets and most demanding operators’ needs. COPMA is competitive heavy lifting equipment and a marvel of technology for every operator and applicartion.

COPMA models are expressed with a great passion for lifting, maximum power, durability while exuding the optimal weight-topower ratio in the ESSENTIAL, HIGH POWER , and TOP RANGE categories.

COPMA New 1400 Crane is a powerful TOP RANGE hydraulic knuckle boom crane with a capacity of 140 tons. COPMA engineering team has the experience and unique know-how in designing and developing large loader cranes for industrial, commercial, and tactical lifting applications. COPMA cranes are built with high-performance steel that together with electronic controls is a key factor in developing easy-to-operate cranes yet very effective and stable.

COPMA has set the bar high in the 140-ton crane category with its sleek design of the main boom and its innovative Octagonal Section on the second boom assembly that delivers unmatched performance. With a 7000-pound lift capacity from an upright position, it sets the benchmark for outstanding performance.

COPMA 1400 features a powerful JIB in the 9s version and a very unique feature is its 10 hydraulic extenders, making it the only crane in its class, with a stunning horizontal reach of 23.77 meters (78 feet), and almost 3200kg (7055 pounds) of lifting power.

Electronic crane control systems deliver advanced solutions that the market has been demanding, like the cabin anticollision system: controlled by individual parameters of the encoder’s sensor and minimal angles of the main, second, and jib arms. COPMA 650 TOP RANGE models are popular for their load carrying capabilities, power, and reliability. This model features 6 extensions on the main boom and 6 hydraulic extensions on the jib, with a manual extension of a vertical reach of 33.5 meters (110 feet).

The tough engineering design allows operators to outperform in challenging environments while preserving easy-to-use features.

Some of the sectors you’ll find COPMA 650 in include ac unit installation, construction, tree services, and foresty, just to name a few. This 65-ton crane is all operators need to maximize height reach in a more safe and reliable way.

Discover these and many other COPMA powerful models on cps-group.com

CPS GROUP S.P.A. / HEADQUARTERS Via Emilia 281, Castel Bolognese, (RA) 48018 , ITALY Tel. +39 0546 653711 | Email. info.cpsgroup@cps-group.com | www.cps-group.com

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FORTHCOMING EVENTS & WEBINARS

FORTHCOMING EVENTS & WEBINARS

NEW SPACE ECONOMY BY GISTDA

WHY YOU NEED VIDEO MARKETING IN 2021 BY FOX FUNNELS

Thai-Italian Chamber (TICC) invites member to join the online Webinar “New Space Economy: New Aspect of Opportunity and Investment in Thailand” with Geo-Informatics and Space Technology Development Agency (GISTDA) on Thursday, 26 August 2021.

Thai-Italian Chamber (TICC) invites member to join the online Webinar “Why You Need Video Marketing in 2021” with Fox Funnels on Tuesday, 7 September 2021.

Thursday, 26 August 2021 10:00 AM – 11:00 AM (CET) | 15:00 – 16:00 hrs. (Bangkok time) Platform: ZOOM Webinar — Free of charge — Booking: reservations@thaitch.org

[TICC WEBINAR SERIES] HOTEL & HOSPITALITY SEPTEMBER 2021 The Thai-Italian Chamber of Commerce (TICC) is launching a series of webinars to promote the business, products and services among the TICC network, focusing on the quality and uniqueness of the Thai Hotel and Hospitality business and to enhance the awareness of the industry. In cooperation together with the TICC’s hotel members & community, TICC will be organizing a series of vibrant appointments between September to October, to inform, educate, persuade and find new markets in Thailand and Italy for Hotel Hospitality business Date: September – October (every Thursday) Time: 15:00 – 16:00 hrs. (Bangkok Time) Platform: ZOOM + Facebook Live Ticket: FREE OF CHARGE Bookings & Sponsorship: reservations@thaitch.org

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Tuesday, 7 September 2021 10:00 AM – 11:00 AM (CET) | 15:00 – 16:00 hrs. (Bangkok time) Platform: ZOOM Webinar — Free of charge — Booking: reservations@thaitch.org

[SEMINAR] KHON KAEN BUSINESS FORUM Event Details From Thursday 23 September to Friday 24 September 2021 Time: 9:00 am to 8:30 pm Price: 5,350 THB Net for 2-day programme Location: AVANI Khon Kaen Hotel & Convention Center Register at https://bizconnect.tceb.or.th/e/301/khon-kaenbusiness-forum Organizers: - Franco-Thai Chamber of Commerce (FTCC) - Netherlands-Thai Chamber of Commerce (NTCC) - Belgium-Luxemburg-Thai Chamber of Commerce (BeLuThai) Contact: FTCC – Rudee Tel: 02 650 9649 events@francothaicc.com NTCC – Ploy Tel: 02 254 6434 events@ntccthailand.org

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FORTHcoming trade shows and events

FORTHCOMING trade shows

Bangkok Gems & Jewelry Fair 67th Edition 2021

ASEAN SUSTAINABLE ENERGY WEEK

Bangkok Gems & Jewelry Fair (BGJF) is one of the world’s most renowned and longest-celebrated gems and jewelry trade fair in the industry. Organized on a biannual basis by DITP in February and September, it is regarded as a significant trading arena where all key players in the global gems and jewelry business can achieve their purposes of sourcing, trading and networking.

ASEAN Sustainable Energy Week is the major platform to introduce, exchange knowledge, and technology for professionals in the energy and related industries including Public Sector, State Enterprises, Private sectors, and Education Institutes. Don’t miss the opportunity to showcase your innovation and technology where professionals in energy and related industries meet.

The 67th Edition will be held from 11-15 September 2021 at Impact Challenger Hall 1-3 until further notice.

14 – 16 October 2021 at BITEC Bang Na, Bangkok www.asew-expo.com/2021

TUTTOFOOD 2021

HERO WORLD SERIES THAILAND 2021

TUTTOFOOD is the B2B exhibition for the entire agri-food ecosystem. Global and innovative, it is the reference point in the world for producers and distributors of quality products from the entire food and beverage supply chain, who meet during the exhibition buyers such as: distributors, importers, gdo, proximity stores, gourmet stores, food service, Out of Home professionals, chefs.

HERO THAILAND is Asia’s first and incredibly inspirational mountain bike marathon. The event will host in Chiang Rai, it will be the nature of the landscape which will certainly impress the bikers, who will cycle their marathon in the rainforest around Chiang Rai. From 13 to 15 NOVEMBER 2021, a threeday long programme packed with exciting events and features to delight all the participants as well as their families and friends.

22-26 October 2021 at Fiera Milano, Italy www.tuttofood.it

24-26 November 2021 at Singha Park, Chiang Rai www.heroworldseries.com

Agritechnica ASIA 2022

INTERMACH & SUBCON THAILAND 2022

AGRITECHNICA ASIA emphasizes on agricultural engineering solutions that are both relevant and important to the development of agriculture in the Asian markets. Mechanization through modern machinery will increase significantly in the next decade mainly due to the growing labor shortages, more competition and therefore the requirement to reduce production costs.

AGRITECHNICA ASIA emphasizes on agricultural engineering solutions that are both relevant and important to the development of agriculture in the Asian markets. Mechanization through modern machinery will increase significantly in the next decade mainly due to the growing labor shortages, more competition and therefore the requirement to reduce production costs.

The leading international trade fairs, AGRITECHNICA ASIA and HORTI ASIA, will be rescheduled to take place again from 25 to 27 May 2022 in Bangkok.

The leading international trade fairs, AGRITECHNICA ASIA and HORTI ASIA, will be rescheduled to take place again from 25 to 27 May 2022 in Bangkok.

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new members

NEW MEMBERS Arezzo Refinery Co.,Ltd. 213/5 Laemchabang Industrial Estate ( EpZ) , 5E-2/1 Tungsukla, Sriracha, Chonburi Tel: +66 3 849 3148 Email: andreataisap@gmail.com Website: www.arezzorefinery.com The company is specialized in the recovery and the purification of precious metals ( Silver ; Gold and PGM ) resulting from any compound left by jewelry manufacturers , galvanic processes and the electronic industry. The skills and the capabilities of the company are bound to extract from the low purity materials as dusts , tools and equipment garbage , spent solutions , casting sludges , the last particles of precious metals and reinstate in the virtuous cycle of the economy without spoiling the environment with the destructive operations of new mining.

The company offers certified recycle precious approved by the Responsible Jewelry Council , the international organization based in London and along their guidelines Arezzo pursues a tight code of conduct in all its operations , from Civil labor rights to gender equality till environment respect.

BAMBOOYST, BLUESTOCKING LIMITED PARTNERSHIP 69 Soi Pracha-uthit 72 Yak 2, Pracha-uthit road, Thung Kru, Bangkok 10140 Tel: +66 80 2832 102 Email: connect@bambooyst.com Website: www.bambooyst.com Bambooyst brings you a range of reuseable sustainable, durable and stylish alternatives to single-use products. We are not merely setting products, were advocatins a lifestyle change towards more sustaainable consumption.

NOT ONLY F&B Barolo Restaurant 69 Soi Phasi 2, Khlong Tan Nuea, Watthana, Bangkok 10110

Barolo Bangkok takes pride in representing classical Italian Comfort Food in an elegant, yet casual décor, suitable for any occasion.

The restaurant is located in Ekamai area, with a convenient access from the main road.

Surrounded by a relaxing garden area, Barolo Bangkok is just the perfect setting to escape the hustle and bustle of the city.

We would also like to extend an invitation to enjoy our special retreat “Il Fienile” (The Barn), a world-class wine cellar assorted with a wide selection of authentic Italian cold-cuts

Silk Legal RSU Tower, 8th Floor Suite 805, 571 Sukhumvit Road (Soi 31), North Klongton, Watthana, Bangkok 10110 Tel: +66 (0)2-107-2007 Email: info@silklegal.com Website: https://silklegal.com/ Silk Legal is a boutique law firm that focuses on complex legal matters in Thailand. We are a full-service commercial law firm with dedicated practice areas in corporate and commercial, restructuring and insolvency, and regulatory matters. We have served companies of all sizes, from start-ups to multinational corporations in several industries, including Fintech, cannabis, Board of Investment (“BOI”) promotion, manufacturing, food and beverage, and hospitality. Our first goal is to always help our clients succeed in business.

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LIVE MORE CONFIDENTLY

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