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Home Blog Page 3660

Thai Students win medals at 60th International Mathematical Olympiad

National news Thailand

Jul 29, 2019

BANGKOK, 25th July 2019 (NNT) – Thai students have won three gold medals and three silver medals at the 60th International Mathematical Olympiad in the United Kingdom. As a team, Thai students achieved the 5th highest score in the competition which was attended by contenders from over 100 countries.

The Institute for the Promotion of Teaching Science and Technology (IPST) welcomed six Thai students who had returned from Bath in the United Kingdom, after successfully winning medals at the 60th International Mathematical Olympiad.

Mr. Sornthep Wannarat, IPST Assistant Director, disclosed that the three gold medalists are Mr. Jirayus Jinaphong, Kamnerdwit School, Rayong, Mr. Phitchayot Saengrungkhongkha, Bangkok Christian College, Bangkok, and Mr. Paphon Laphet, Mahidol Witthayanusorn School, Nakhon Pathom. The three silver medalists are Mr. Paramut Samutsin, Triam Udom Seuksa School, Bangkok, Mr. Nathanon Therdphraisan, Bangkok Christian College, Bangkok, and Mr. Thana Somsiriwatthana, Suankularb Witthayalai School, Bangkok.

The students admitted that they felt pressured during the competition because it was an international competition but relieved the pressure by making it fun to do the exams. Thailand’s 5th highest score suggests that the country has personnel with real potential.

The competition was attended by 621 participants from 112 countries and territories. China and the United States made overall top scores. The Thai students score of 185 was the highest that Thai students have ever achieved since their participation in the Olympiad began in 1989.

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Before You Buy try to Rent – Real Estate

Thailand Business News

Jul 28, 2019

Buying a home is a big decision in life. For a super luxurious condominium worth more than THB 50 million per unit in a prime location, it is hard to know which building or unit will suit you the best without a real test of actually living in the building.

I suggest that, for some high-end purchasers, choosing to rent a condominium unit in a building they are interested in for at least a year, will allow them to get real experiences of living in it, before making a purchasing decision and paying a huge amount of money to actually own a unit in the building.

Once purchased, there is no going back unless you resell it. To avoid such headaches of buying a condominium unit that you may regret later, the purchasers may want to make sure which condominium building and unit will meet their minimum requirements.

Simply inspecting the property at the site or show unit is not enough to really tell what the real living experience will be.

By renting a unit in the condominium building you are eyeing for at least a year, you can get a sense of whether it will meet your requirements; in terms of your preferred location, facilities in the building, unit layout and functionality, the quality of building management, and the neighbourhood.

When people want to buy super cars, they usually take a test drive. Super luxury condominiums are more expensive than super cars, so some purchasers might want to rent to test what it’s like to live in the building.

I start to see some discerning purchasers decide that it is a better option for them to rent before they buy. They are choosing the condominium building and unit that suit their preferences and rent it for a year.

When they actually live in that chosen building, they can get to understand the location; they can get to…

Read the complete article on Thailand Business News

Asia’s Most Innovative Country in 2019 is Singapore

Thailand Business News

Jul 28, 2019

Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly.

Innovation and policies related to it are no longer solely the reserve of wealthy countries, as we have seen in more than a decade of the Global Innovation Index (GII). Innovators in developing economies show the world how to do more with less.

In India (52), for example, one company has found a way to use accessible technology for early diagnosis of a malady that often strikes premature babies and can blind them if not caught in time.

Rather than bringing expensive, complicated equipment to the Indian countryside, Remidio connects compact devices with a smartphone to diagnose retinopathy and enable speedy treatment for babies in far-flung regions.

Innovation transcends the tech sector, another example being the Eye Mitra programme, which uses a unique business model to finance healthcare at the base of the pyramid.

We have also seen impressive innovation examples with the use of drones to dispatch blood samples and medicines in Rwanda (94) and tele-care in large countries such as China (14).

Healthcare represents an increasingly important share of the global innovation ecosystem, which is why the theme of this year’s GII is “Creating Healthy Lives – The Future of Medical Innovation”.

A collaboration between INSEAD, Cornell University and the World Intellectual Property Organization (WIPO), the GII measures a country’s innovation performance based both on its innovation inputs (such as its regulatory environment, higher education, R&D…

Read the complete story on Thailand Business News

The Phantom Growth of China's Ghost Cities

Thailand China Business News

Jul 28, 2019

Bloomberg has a new video series out called "China's Ghost Cities." The reporter, Adam Johnson, describes how the Chinese government is building massive cities that no one lives in yet. The expectation is that China is going to "grow" into these cities. A remarkable idea, really. The authoritarian planners in Beijing or where decide it […]

The post The Phantom Growth of China's Ghost Cities appeared first on Thailand – China.

Read the complete story on Thailand-China Business News

Recent Rains replenish Northeastern Dams

National news Thailand

Jul 28, 2019

BANGKOK, 26 July 2019 (NNT) – Rains and showers over the past two days in many parts of the northeastern region have helped increase the quantity of water held in dams, reducing the severity of the recent drought disaster.

In Bueng Kan, rain which fell all day has led to a marked increase in the quantity of water stored in nine dams under the supervision of the provincial irrigation project, which now hold 85.37 percent of their overall capacity, as well as benefitting another 44 reservoirs overseen by local administrative organizations which now hold an average of 76.64 percent of their capacity. The rain has also helped raise the water level of the Mekong River, which nevertheless remains 11.4 meters below its banks.

In Nong Khai, precipitation in recent days helped fill canals connected to the Mekong River, with water gates allowing the water to be retained in the canal. The water level of the Mekong river however remains only marginally affected, with sand dunes appearing in the river and at the mouth of canals due to the recent low river flow.

In Khon Kaen, the water level in Ubolrat Dam remains lower than at this time in previous years. The reservoir now holds only 563 million cubic meters of water, or 23 percent of the dam’s capacity, which is well below the average figure from August to October of 1,800 million cubic meters. The dam is discharging 500,000 cubic meter of water daily. Responsible agencies are however, positive the amount of water available will be sufficient for consumption.

In Loei, many areas are now affected from the drought disaster and continuing lack of rain there, such as Ban Na Or village where local farmers’ crops are dying from the lack of water. The farmers have tried to pump water from external sources into the crop-growing fields. The Governor of Loei, Chaiwat Chuenkosum has ordered related agencies to gather data from affected areas for water retention planning and the construction of dykes, as well as requesting rainmaking operations from a royal rainmaking operational unit in Khon Kaen.

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Marketing and investment strategies in Myanmar, India

National news Thailand

Jul 27, 2019

Marketing and investment strategies in Myanmar, India

BANGKOK, 26 July 2019 (NNT) – To encourage Thai SME operators to enter the international market, the Office of Small and Medium Enterprises Promotion (OSMEP) aims to urge them to invade Myanmar, Cambodian, Chinese and Indian markets. Therefore, it has organized seminars on “Penetrating a Near Market, Invading a Large Market.”

At the 2nd seminar on “Penetrating a Near Market (Myanmar), Invading a Large Market (India)”, at the Chaophraya Park Hotel, the project was designed to connect a Thai SME service provider network to ASEAN to provide knowledge about marketing and investment strategies in Myanmar and India,

Mr. Lertrat Akkharaphassaphong, Managing Director of Sattha Tour Company, who has had first-hand experience in the Myanmar market for more than 30 years said that entrepreneurs must change their perspectives and learn the culture of the people of Myanmar because there are a variety of tribal groups and now is a good opportunity to prepare Thai products for the time when Myanmar next holds an election as each party will come up with a national development policy.

For the invasion of the Indian market with over 1.300 billion consumers, Mr. Chaicharn Charoensook, Director of the Export Market Division, Srithai Superware Company Limited, who pioneered the melamine plastic packaging business in the Indian market, emphasized that Thai entrepreneurs must prepare information and products and they must learn from the local people as much as possible to determine a strategy. It is also necessary to continuously monitor and evaluate the outcomes.

An additional six seminars on “Penetrating a Near Market, Invading a Large Market” will be held in different regions across the country. For more information, please call the Business and Economic Research Center, Khon Kaen University, on 043202566.

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Asia Pacific’s real estate returns in a multi-currency landscape – Property, Real Estate

Thailand Business News

Jul 25, 2019

Commercial real estate markets in Asia Pacific delivered strong total returns for investors in recent years.

Average annual returns in ten major office markets in the region ranged between 5% and 20% per year during the 2016-2018 period, as compared with low single-digit returns in New York City and London for the same period.

Nevertheless, currency movements are also an important consideration for inter-regional investors diversifying into Asia Pacific real estate markets.

Given the multi-currency landscape, pan-regional real estate investment vehicles in Asia Pacific often carry a higher degree of currency volatility risk compared to peers in the Eurozone and United States.

Comparing property market returns in local currency against foreign currency-adjusted returns (for foreign investors with no hedging) shows just how different the unhedged performance would have looked to investors in different parts of the world.

Table 1 demonstrates the effects of foreign exchange (FX) gains and losses on average annual total returns between 2016-2018 for investors from different countries.

We calculated total returns for prime Grade A office markets in 21 global cities (ten in Asia Pacific, five in Europe and six in United States) in eight key currencies – US dollar, Euro, British pound, Australian dollar, Singapore dollar, Japanese yen, Chinese yuan and South Korean won.

For total returns denominated in local currency, real estate investors investing locally received positive total returns in all major markets during 2016-2018. The data also shows that prime office markets in Asia Pacific delivered stronger total returns than London and all cities in United States. Hong Kong, Sydney and Melbourne have delivered the highest total returns in the…

Read the complete article on Thailand Business News

How to Become a Successful Real Estate Developer

Thailand China Business News

Jul 25, 2019

Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just […]

The post How to Become a Successful Real Estate Developer appeared first on Thailand – China.

Read the complete story on Thailand-China Business News