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Photo by Tristan Tamayo/INQUIRER.net MANILA, Philippines—Beleaguered center Greg Slaughter apologized to San Miguel Corporation President Ramon S. Ang and Barangay Ginebra governor Alfrancis Chua for how he acted in the past regarding his decision to step away from the PBA and his team. In an Instagram Story, Slaughter said that he had misunderstandings with the SMC brass and he admits that he may have caused some ill will when he decided to leave the Gin Kings back in February. “My only regret is that the communication between myself and management, particularly Boss RSA and coach Alfrancis Chua did not go as smoothly as I would have wanted,” posted Slaughter Tuesday. “I want to apologize to them and the rest of management for any misunderstanding or bad feelings that may have occurred because of my decision.” Slaughter went to the United States in February to train individually after becoming a free agent after his contract with Ginebra expired. The 7-foot center also ... » Learn More about Slaughter sorry to Ginebra brass for misunderstanding after surprise sabbatical

Thousands of residents in Songkhla, Yala and Narathiwat, in the very south of Thailand, have been evacuated from their homes due to flash flooding from nearly a week of almost continuous heavy rain. Local authorities say a total of 18,024 households across 19 districts have been impacted. In Yala, the Sai Buri River has burst its banks, flooding homes and farmland. The director of Yala’s Irrigation Project Office says they remain worried about the low-lying areas, adding that the total amount of rainfall to date has broken records set more than a decade ago. Landslides have also been reported but with no report of fatality or injuries. In Songkhla, 2 districts were flooded by rainwater coming down from the mountains, while some residences and farmlands on riverbank areas of Narathiwat were flooded. Local government agencies said food and other aid were already sent to the affected areas. Only essential travel is now allowed to and from the 5 coastal “red zone” provinces. ... » Learn More about Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thoroughness is the key for tariffs to result in triumphs for both consumers and producers. This is especially important today since tariff charges are being considered to address our pork crisis. The pork price has significantly increased, partly causing an inflation uptick that should be controlled immediately. Tariff levels are a critical strategy for national economic development. If they are too high, they cuddle inefficient local producers. Consumers lose because they are forced to buy unnecessarily expensive products. If tariffs are too low, our producers will not be able to compete with imported products. Jobs will be lost and, with few options available, poverty will increase. The pork tariff levels today appear to have been working well. They are now at 40 percent. A small volume of 54,000 tons is given an in-quota 30-percent tariff because of special negotiated agreements. There is currently a proposal that for the targeted 400,000 imported tons, the 30 ... » Learn More about Tariffs, triumphs and thoroughness

When Somphote Ahunai returned to Bangkok after completing an MBA degree in the US, he had $200 left in the bank. Today the renewable energy and electric vehicle company he founded has a market value of $5.6 billion and testifies to Thailand’s highly successful advance into green and sustainable industries. After initially working as a securities trader, Somphote first entered the renewables business when he started producing biodiesel fuel from a palm oil plantation he had acquired. Then he moved his company, Energy Absolute Pcl, into solar and wind farms, growing to become the nation’s number two publicly-listed electricity supplier. Now Somphote has become a key figure in Thailand’s efforts to steer its highly successful automobile manufacturing industry – the world’s 11th largest – beyond the internal combustion engine era into the design and production of electric vehicles and the lithium-ion batteries and charging stations that will power them. On his journey to becoming an ... » Learn More about Thailand powers towards a Green Economy

Thailand BOI Approves New EV Package, and Over 35 Billion Baht in Large Investment Projects The Thailand Board of Investment (BOI) on 4 November 2020 approved the roll out of a comprehensive set of incentives covering all major aspects of the electric vehicles (EV) supply chain, with a focus on battery electric vehicles (BEVs), local production of critical parts, and the inclusion of commercial vehicles of all sizes as well as ships. The board also approved 35.7 billion baht (USD1.1 billion) worth of large investment projects in several sectors. “In line with the Government policy to promote electric vehicles across the board, and to answer the radical changes underway in the global car industry, the BOI has approved a package that will accelerate the development of EV production and related supply chain in Thailand, and allow the entire sector to move into higher gear,” Ms Duangjai Asawachintachit, Secretary General of the BOI, said after a board meeting chaired by Prime Minister ... » Learn More about Thailand BOI Approves New EV Package, and Over 35 Billion Baht in Large Investment Projects

From his headquarters on the appropriately named Hi-Tech Industrial Estate north of Bangkok, U.S. electronics company executive Ronald Rocha marvels at the success of his firm’s investment in Thailand. Back in 2002, New York-listed Benchmark Electronics Inc. paid $45 million for the Thailand and U.K. operations of an American competitor. It turned out to be a bargain buy. Today, Benchmark’s Thailand unit accounts for one-fifth of the company’s $2.3 billion global revenues after morphing into a manufacturer of such sophisticated, high value-added products as surgical lasers, defibrillators and optical sensing technology for electric vehicles. “The Thai acquisition was an excellent decision,” says Mr Rocha, Benchmark’s Asia Vice President for Electrical Manufacturing Systems. “In the past, companies would go to countries like Thailand just to reduce cost. We are here because of capability, technology and quality as well as the low-cost advantage. The government is industry friendly, ... » Learn More about Why Thailand’s smart electronics sector still remains a magnet for investors

Despite the COVID-19-induced economic hardship, as much as 96% of foreign direct investors operating in Thailand are confident in the country’s potential and have plans to expand or at least maintain their investment, citing attractive investment incentives, a strong supporting industry supply chain and the availability of raw materials and parts, according to the Thailand Board of Investment’s (BOI) annual Foreign Investor Confidence Survey. Out of the 600 companies surveyed, 19.33% said they have plans to increase their investment in Thailand, while another 76.67% said they expect to maintain their current investment level. The 2020 edition of the survey was conducted for the BOI by Bolliger & Company Consulting Ltd. “While the COVID-19 outbreak affected economies around the world, including Thailand, the trust expressed by surveyed investors reflects our country’s resilience and performance in managing the crisis,” said BOI Secretary General Duangjai Asawachintachit. ... » Learn More about Foreign investors’ confidence in Thailand still high despite Covid-19 impact, survey shows

In the first nine months of 2020, local and international companies applied to invest as much as $1.7 billion in Thailand in more than 300 projects in the sectors listed as “BCG”, or Bio-Circular-Green economic activities focused on environmental protection and sustainability, according to data collected by the Thailand Board of Investment (BOI). This lifted the total value of BCG applications since the start of 2018 to $6.7 billion, reinforcing Thailand’s position as a Bio-Circular-Green hotspot, the BOI said. The BCG model, as defined by the Thai Government, encompasses industries that allow inclusive, sustainable growth while reducing waste, pollution and dependence on finite resources. Thailand is a major agricultural producer, tourism destination and medical hub and its BCG sector comprises many of the country’s important industries: agriculture and food; bioenergy, biomaterials and biochemicals; medical and wellness; and tourism and the creative economy. Currently, those ... » Learn More about Thailand saw $1.7 billion “BCG” or ‘green’ investment applications in Jan-Sep 2020 – BOI