Newsletter OCTOBER 2023 | VOL.59 | EN
From October 6th to 8th, 2023, two subsidiaries of AIRA Group, namely AIRA & AIFUL Public Company Limited “A&A” and AIRA Securities Public Company Limited “AS,” took part in the 10th Money Expo Udon Thani. The event was held at Udon Thani Hall on the 4th floor of Central Udon. Mr.Susumu Ito, Executive officer of Sales and Operation Division at AIRA & AIFUL Public Company Limited, graced the opening ceremony with his presence. During the event, the company showcased its special promotions for personal loan services through cash cards, specifically A Money. These promotions included two enticing offers. The first offer allowed immediate receipt of a Starbucks gift card worth up to 200 baht upon application submission with complete documentation. The second offer granted an 18-inch wheeled suitcase valued at 1,980 baht upon approval and cash withdrawal, provided certain conditions were met. Furthermore, Mr. Nakorn Kolsrichai, Deputy Chief Executive Officer of AIRA Securities Public Company Limited, provided encouragement and traveled to offer support to the staff at the booth. He also suggested a range of services to potential customers. AIRA NEWS I-News AS - A&A’s Participation at Money Expo Udon Thani
On October 6th, 2023, Mr. Akrawit Sooksai, the Chief Executive Officer of AIRA Factoring Public Company Limited, known as AF, along with Mr. T-rathorn Thuwanontha, the Chief Executive Officer, and Mr. Sakditouch Chantarasereekul, the Co-Chief Executive Officer of AIRA Leasing Public Company Limited, referred to as AIL, led the management team and staff in a blood donation drive as a charitable tribute to His Majesty King Bhumibol Adulyadej the Great. The blood donation event was held at the Thai Red Cross Society. AIRA NEWS I-News AF and AIL Collaborate for a Blood Donation Initiative
The well-being of employees stands as a fundamental factor contributing to an organization’s success. AIRA Capital Public Company Limited and its subsidiary companies recognize the significance of their executives and staff members maintaining good physical health and strength, as these aspects play a crucial role in affecting their mental well-being, overall happiness, and productivity. Therefore, they have organized an annual health examination event. This year’s annual health examination event took place on October 10th -11th, 2023, at the Chamchuri Square Building and Spring Tower Building offices. A team of healthcare experts conducted various health assessments, and medical consultants from Med Park Hospital were also present to provide guidance. In addition, employees had the opportunity to receive influenza vaccinations courtesy of Vichaiyut Hospital. The 2023 annual health check-up activities, where Ms. Nalinee Ngamsettamas, Chief Executive Officer, Mr. Suttiporn Tanthikul, Managing Director of AIRA Capital Public Company Limited, Mr. Pairoj Laungthaleongpong, Chief Executive Officer of AIRA Securities Public Company Limited and Mr. Akrawit Sooksai, the Chief Executive Officer of AIRA Factoring Public Company Limited also participated in the health examinations. AIRA NEWS I-News Annual Health Examination Event
Euro Asia Total Logistics Public Company Limited (ETL), in collaboration with Thanachart Securities Public Company Limited and Asia Plus Securities Company Limited, has entered into an agreement to designate Thanachart Securities Public Company Limited and Asia Plus Securities Company Limited as the lead underwriter and distributor. In addition, AIRA Securities Public Company Limited have been appointed as a one of co-underwriters and co-distributors for ETL’s initial public offering (IPO). The IPO consists of 171.87 million shares, with an offering price of 1.68 baht per share. Retail investors will have the opportunity to subscribe from October 24th to 26th, 2023. It is anticipated that ETL shares will trade on the Stock Exchange of Thailand (SET) at the beginning of November. This strategic move positions ETL to emerge as a leading player in the cross-border shipping service industry in the future. AIRA NEWS I-News AS Named Co-Distributor of IPO Shares by ETL
Transition bond The Transition to Sustainability Amidst the escalating issue of global warming, 197 nations across the globe have united under the Paris Agreement, aiming to curb the increase in global temperatures to a maximum of 2 degrees Celsius by 2050. Attaining this objective necessitates a substantial financial commitment, which includes the issuance of sustainability financial instruments like Green bonds. Lately, a novel form of sustainability bond has emerged, targeting businesses that presently do not align with the prerequisites for green bonds but are dedicated to transitioning toward sustainability in the coming times. This innovation enables the raising of funds to support the shift toward eco-friendlier practices and aid in achieving the objectives of the Paris Agreement. A Transition Bond represents a fresh addition to the spectrum of Sustainable Bonds or ESG Bonds, alongside Green Bonds, Social Bonds, Sustainability Bonds, and Sustainability-Linked Bonds. These Transition Bonds are offered by companies or sectors that do not currently fall under the category of environmentally friendly businesses. They aim to secure financing for the purpose of transforming their business models or production methods, with the objective of diminishing their environmental footprint or curbing greenhouse gas emissions. This strategic shift is designed to contribute to the eventual realization of the Paris Agreement’s objectives. The issuance of Transition Bonds will adhere to four fundamental principles, mirroring the core tenets of Green, Social, and Sustainability Bonds, which include: 1. Use of Proceeds 2. Process for Project Evaluation and Selection 3. Management of Proceeds 4. Reporting I-Smart
Transition bond Companies seeking to finance their broader corporate sustainability initiatives can refer to the five fundamental principles of Sustainability-Linked Bonds, which encompass: 1. Selection of Key Performance Indicators (KPIs) 2. Calibration of Sustainability Performance Targets (SPTs) 3. Bond Characteristics, such as adjusting the interest rate for investors if the company fails to meet its objectives within the stipulated timeframe. 4. Reporting 5. Verification from External Reviewers Furthermore, in the case of a Transition Bond, the issuer is required to exhibit a firm dedication to advancing environmental sustainability. The issuer is required to formulate an Issuer’s Sustainability Strategy that outlines the company’s forthcoming business model and strategy, which will undergo substantial alterations to align with the objectives of the Paris Agreement. This strategy should encompass specific milestones for each phase of adapting the Business Model and Strategy, allowing for measurement of success in accordance with scientific principles. In 2017, the Castle Peak Power Company Limited (CAPCO) marked a historic milestone by issuing the inaugural Transition Bond, valued at $500 million. This bond was intended to finance a combined cycle power plant employing natural gas and steam turbine technology. Since then, a total of $12.7 billion worth of Transition Bonds has been issued. Although this figure constitutes only 0.4 percent of the global ESG bond issuance, it serves as a promising initial step in showcasing collective endeavors to tackle worldwide environmental challenges. In Thailand, the Office of the Securities and Exchange Commission, in collaboration with pertinent authorities, is presently engaged in the development of a guidebook for the issuance and offering of Transition Bonds. This initiative serves as a means for entities characterized by substantial greenhouse gas emissions to secure financing aimed at transforming their businesses into more environmentally sustainable operations. This endeavor not only expands investment opportunities for investors but also fosters collective efforts toward a better world. Source: The Thai Bond Market Association (ThaiBMA)
Encountering challenges when it comes to repaying debts is a scenario that many of us have likely faced. In this article, we have compiled a set of strategies to help you effectively handle and regain command over your financial circumstances. Let’s begin! Initiating the process with a comprehensive evaluation of your financial position stands as the crucial first step. Collect pertinent details regarding the debts you need to settle, encompassing interest rates and payment timetables. Precisely calculate your earnings and expenditures, providing you with the necessary insights to formulate a well-structured debt repayment strategy. Numerous forms of debt come with varying interest rates and payment regulations, underscoring the significance of establishing a debt repayment hierarchy. Focus on addressing debts characterized by elevated interest rates and stringent repayment terms, while also considering whether the interest is amortizing or fixed. Simultaneously, ensure your capability to meet scheduled payments to all creditors. If you find yourself unable to meet your debt obligations, it is advisable not to sever communication with your creditors. Instead, it is recommended to initiate contact with your creditor and convey your willingness to discuss a mutually agreeable resolution. Some creditors may be willing to provide temporary interest rate reductions or more accommodating payment arrangements. Budget planning serves as a vital instrument in regaining authority over your financial circumstances. Create a budget that aligns with your financial reality as closely as possible. The objective is to trim unnecessary expenses and allocate more funds toward debt repayment, thereby expediting the process of relieving the burden of debt. Adhering to this budget necessitates discipline but constitutes a pivotal stride toward achieving financial independence. In the event that you hold multiple debts with varying interest rates, consolidating all these debts into a single loan with a lower interest rate could be a viable option. Debt consolidation can simplify your payments and potentially reduce your interest expenses. However, it is crucial to conduct thorough research and familiarize yourself with the terms and conditions of debt consolidation before proceeding. If you are experiencing stress and uncertainty about your financial path, there is no need to fret. Seek guidance from financial experts who can offer valuable advice tailored to your specific situation. A financial advisor can assist you in devising a plan to regain financial stability and provide valuable insights on effective financial management. If you discover that you are unable to settle your debt, do not be alarmed. There are actions you can take to reestablish control over your financial situation. Make an assessment to understand your financial situation, prioritize debt, contact creditors and negotiate, plan your budget realistically, consider debt consolidation options and find financial advice from experts. These steps will assist you in regaining financial stability, instilling confidence, and nurturing a hopeful outlook for the future. 1. Make an Assessment to Understand your Financial Situation. 2. Prioritize Debt 3. Contact Creditors and Negotiate 4. Plan your Budget Realistically 5. Consider Debt Consolidation Options 6. Find Financial Advice from Experts Source: A Money I-Share Struggling with Debt What Can I Do? 6 Strategies for Handling Debt and Restoring Financial Stability Invoice mortgage water-electricity bills phone bills
Currently, Generative AI is in a state of continuous advancement, evolving into an exceptionally intelligent AI Deepfake technology. This technology has the capability to generate images and produce audio that is so lifelike that distinguishing whether it originated from a “human” or “AI technology” has become a perplexing challenge. This situation has given rise to a societal dilemma: how can we ascertain the authenticity of the images, sounds, or videos we encounter online today? Today, let’s delve deeper into the realm of AI Deepfake and explore strategies for addressing deceptive images. What is AI Deepfake? AI Deepfake, a subtype of Generative AI, possesses the ability to produce synthetic media encompassing static images, audio, and videos that closely resemble genuine human voices and appearances. This technology, driven by extensive data learning through Deep Learning systems, mimics a person’s external features like skin color, eyes, mouth, nose, and various facial attributes with remarkable fidelity. Its capacity to replicate voices and visual elements makes it challenging to distinguish from genuine human communication. How does AI Deepfake generate counterfeit images and audio? AI Deepfake employs two primary methods to generate counterfeit image and audio clips: partial fakes, also known as Face Wrap, which involves superimposing the desired face onto that of a real person who was recorded, while attempting to mimic their voice and behavior to achieve a convincing resemblance. The other approach is full fabrication, or Face Reenactment, using AI that learns from diverse data sources, encompassing nuances like shading, blinking, smiling, and imitating various aspects before generating a synthetic image and voice resembling the target individual. AI Deepfake can counterfeit images and voices but cannot impersonate identities. Even though AI has the capability to produce audiovisual content that closely mimics human behavior, to the extent that it becomes challenging for the human eye to discern whether the media we encounter is of technological or human origin, it raises concerns about the growing importance of online transactions. Particularly in the realm of financial transactions, the question of counterfeiting risk emerges. In this regard, experts concur that while AI Deepfake technology is highly sophisticated, it remains incapable of replicating our unique identities, the aspects that truly define who we are. These elements encompass our iris patterns, blood composition, DNA, dental records, and even fingerprints data points extensively utilized by government and private entities for digital identity verification and authentication purposes. This is commonly referred to as Digital ID services, which ascertain that the individuals engaging in transactions are indeed the legitimate parties and not impostors. This method of identity verification is recognized for its robust security and reliability, thus rendering online transactions, especially those pertaining to financial matters, considerably safer. AI Deepfake is not the sole source of apprehension, as it also offers several notable benefits. For instance, it can simulate “Albert Einstein” acting as a science instructor, enhancing the learning experience. It is employed in shows like America’s Got Talent, where AI Deepfake technology generates imitation images and sounds, effectively resurrecting legendary figures like singer Elvis Presley. As AI Deepfake becomes increasingly prevalent, it becomes imperative for everyone to possess a level of AI literacy and exercise sound judgment when engaging with media. What is AI Deepfake? Is the image you are currently viewing authentic?! source: Electronic Transactions Development Agency (ETDA) IT
I-Trick What is the proper way to manage damaged banknotes? If you happen to hold banknotes that are damaged, torn, or faded, it is advisable not to discard them carelessly, as they might still retain value when exchanged. However, the exchange value can vary, either providing the full face value or half, contingent upon the specific criteria and conditions outlined by the Bank of Thailand. In this context, We presents insights into the handling of damaged banknotes that no longer legally qualify as currency, in accordance with the Currency Act, B.E. 2501, Section 18, which categorizes them into four distinct types: 1. A half banknote refers to a banknote that has been separated in the middle or near the middle, resulting in only two distinct parts. Exchange Criteria: Each half note can be exchanged for half the face value of the full note. To initiate the exchange of damaged banknotes, a formal request must be submitted. 2. A wrongly spliced banknote is one in which sections from another banknote have been incorrectly combined to create the same denomination. Exchange Criteria: If there are not more than two pieces, and each piece represents a banknote of the same type and denomination, they can be exchanged for the full face value of the banknote. However, in cases where the banknote is extensively damaged and torn into more than two pieces, a written request for the exchange of damaged banknotes is required. 3. Torn banknotes are defined as banknotes that have any portion missing. Exchange Criteria: If more than half of the remaining pieces of a torn banknote are available, and it can be convincingly verified as a government-issued banknote in a condition that will not incur further damage during transportation, it can be exchanged for the full face value of the banknote. 1. Half Banknote 2. wrongly spliced banknote 3. Torn Banknote 4. Faded Banknote Initiating a request for the exchange of damaged banknotes. Seeking an exchange for damaged banknotes does not solely entail visiting the Bank of Thailand; you can also approach commercial banks or government banks. However, it is crucial to verify whether the bank in question provides exchange services and if there are designated dates and times for such exchanges. Contact points for requesting the exchange of damaged banknotes include: • Government Savings Banks nationwide: Services are available during regular business hours every day. • Commercial banks nationwide: Exchange services are typically available only on Wednesdays, with the exception of sub-branches and branches situated within department stores. • Banknote clinic at the Bank of Thailand Learning Center: This service is offered on the last Wednesday of each month, from 10:00 AM to 3:00 PM, on the 1st floor of the Bank of Thailand 4. Faded Banknotes are banknotes whose text or numbers have become illegible or indecipherable Exchange Criteria:. If the erasure of text or numbers on the banknote does not render it unidentifiable as a genuine banknote, it can be accepted for exchange at its full face value. However, in such cases, a written request for the exchange of the damaged banknote is necessary to enable officials to confirm its status as a government-issued banknote.
Contact At Things to Prepare Criteria บัตรประจำ�ตัวประชาชน Thai National ID Card เลขบัตรประจำ�ตัวประชาชน 1 1111 11111 11 1 ชื่อ นามสกุล Name Last Name Date of Issue เจ้าหน้าที่ออกบัตร Account Book Government Savings Banks Commercial banks (only on Wednesdays) Damaged Banknotes ID Card Account Book The banknote retains over three-fifths of its content and is easily verifiable. The banknote retains less than three-fifths of its content and is difficultly verifiable. It could suffer damage during transportation, making it hard to authenticate. Can Exchange Immediately • Complete the request form. • Bank officials bring the request and damaged banknotes sent to BoT. • Complete the request form and obtain a delivery slip from a bank official. • Bring the aforementioned documents and visit the BoT in person. Bank of Thailand Banknote clinic The last Wednesday of each month The process for requesting an exchange is as follows: 1. If the banknote retains more than three-fifths of its original content and can be definitively confirmed as a government-issued banknote, it qualifies for an immediate exchange at its full face value. 2. If a written request is necessary. • Including encompasses partially damaged banknotes, banknotes with misplaced components, banknotes torn into more than two pieces, banknotes torn to less than three-fifths of their original state, or banknotes necessitating verification by a qualified official. • The person requesting an exchange must write an exchange request in the prescribed form. Attach the damaged banknote and a copy of your account book. (any bank) submitted to bank officials To send to the BoT to consider the exchange rate. • The Bank of Thailand (BoT) will notify you of the outcome of their evaluation and transfer the exchanged amount into your savings account as specified in the initial request. For damaged banknotes that have been charred by fire, bitten by an animal or insect, or are stuck together in large numbers, which may risk further damage during transportation, the individual seeking an exchange must adhere to the following steps: 1. Present the damaged banknote to the bank officer, along with a written request as evidence, and include a copy of your account book (from any bank). In instances where the banknote damage is due to a fire, attaching a fire report is also necessary. 2. Bring the damaged banknotes and the exchange request forms to the bank’s card issuance counter or the banknote management center at the Bank of Thailand to request an exchange in person. Source: Bank of Thailand
Enjoy Loy Krathong festivities with happiness with 4 tips to ensure safety during the celebration Loy Krathong Festival is another tradition that Thai people attach great importance to. This year’s Loy Krathong Day falls on Monday, November 27, 2023. Loy Krathong is a Thai tradition that places importance on asking for forgiveness from the Mae Kongkha and praying for blessings. It is also a day of fun and joy. At various locations as well by protecting against dangers from drowning accidents. It is something that cannot be neglected. Parents should take care of children closely. Do not let children go down to collect krathongs or leave young children alone. Because there may be a risk of drowning and death. Nevertheless, it is crucial for parents to maintain vigilant supervision over their children and not let them out of sight. Extra caution should be exercised when bringing children near water sources, particularly for those under the age of 5, who should always be within arm’s reach. It is advisable not to allow children to release krathongs on their own, even if they are on the shoreline, as there is a risk of falls or slips. This caution extends to basins or water buckets as well, where children should not be permitted to collect krathongs or retrieve money from them. The potential danger of drowning and fatal accidents is a concern. For adults, refraining from alcohol consumption and avoiding entering the water is recommended. When riding a boat, both adults and children should wear life jackets at all times. Guidelines for ensuring water safety with 4 DON’T: 1. Don’t Drink : Refrain from consuming alcohol. 2. Don’t Get to Close : Avoid standing near the pond’s edge. 3. Don’t Collect : Avoid entering the water to retrieve money from the krathong. 4. Don’t bend over : Avoid bending down to release the krathong into the water. How to provide first aid from a drowning accident 1. Contact 1669 or the nearest hospital as soon as possible. 2. Avoid attempting to remove water from drowning victims by holding, carrying them on your shoulders, jumping, or running around. This can lead to the expulsion of stomach contents, rather than water from the lungs, which may prolong suffocation and oxygen deprivation to the brain. 3. Place a drowning individual on a dry, firm surface. 4. Assess their consciousness by gently shaking their shoulders with both hands and calling out loudly. 5. If the person is awake: Dry themselves off, change into dry clothing, wrap in a blanket for warmth, and seek medical assistance by going to the hospital. 6. If the person is unconscious and not responding, assist with their breathing using the following steps: Ensure an open airway by gently pushing the forehead and lifting the chin. Then, Administer rescue breaths by placing your mouth over theirs, closing their nose, and delivering two breaths to inflate the chest. 7. Perform chest compressions and heart massage by positioning your hand parallel to the center of the chest, aligning with the nipples on both sides. Place your hands together with your arms perpendicular, compress the chest to approximately one-third of its depth, at a rate of 100 compressions per minute. Administer 30 chest compressions, followed by two rescue breaths. Continue this cycle until the victim regains consciousness and is able to breathe independently. 8. Position the patient on their side with their head tilted back to facilitate the drainage of water through the mouth. Keep them warm by covering them with blankets. Refrain from providing them with water and food. Every individual should be promptly transported to the hospital. For those seeking additional information, inquiries can be made at the Department of Disease Control hotline by calling 1422. Furthermore, the organizers of the Loi Krathong event should prioritize the safety and well-being of the people involved. This can be achieved by clearly defining the event area, ensuring sufficient lighting, maintaining adequate distances, and placing necessary equipment at regular intervals along water sources. Such equipment may include lifebuoys, gallon buckets, ropes, or sticks, as well as an ample supply of life jackets for boat passengers, which should be worn at all times. Additionally, staff should be on hand to provide supervision, monitor the situation, and offer assistance in case of emergencies. As we celebrate Loy Krathong Day this year, let it be a joyful occasion for everyone. Let us come together to uphold these cherished Thai traditions. Source: Thai Health Promotion Foundation I-Tell
Let’s Travel 5 Seas in Rainy Season When it comes to traveling during the rainy season, some may hesitate due to concerns about unpredictable weather conditions. Going to the beach during this time might not be the top choice for many people. However, did you know that traveling to the beach during the off-season can be quite intriguing? It allows you to immerse yourself in the lush natural beauty of the rainy season, offering a unique travel experience. So, pack your bags and get ready for an adventure. Let’s go! Koh Samui : Surat Thani Koh Samui, Thailand’s second-largest island after Phuket, is renowned for its stunning natural beauty. With pristine, crystal-clear waters, smooth white sandy beaches, and iconic coconut tree-lined vistas, it is no wonder this island is a popular destination. Among its standout attractions is Chaweng Beach, the island’s most renowned beach. Stretching along a lengthy curve of fine white sand, framed by rows of swaying coconut trees, Chaweng Beach is a perfect spot for relaxation and definitely worth a visit. Koh Nangyuan : Surat Thani This small island, situated across from Koh Tao, is a tranquil paradise that is perfect for relaxation. It boasts a serene atmosphere and has garnered recognition as one of the world’s top 10 beautiful islands. One of its standout features is a white sandbar that resembles a secluded sea nestled in the heart of the island. The sea around this island remains calm, with gentle waves lapping at the shore. The natural beauty of this island is truly unparalleled. Koh Phayam : Ranong Known as the “Maldives of Thailand,” Koh Phayam shares its reputation with the Maldives due to its stunning beauty and crystal-clear waters. It ranks among the top destinations in Thailand. If you are seeking a serene and self-contained island experience, Koh Phayam is highly recommended, especially during the rainy season. The lushness of the season, combined with the greenery of the mangrove forest, adds to Koh Phayam’s allure. Another unique aspect of this island is its accommodation options, which mostly consist of charming bungalows. Additionally, there are villa accommodations perched above the water, offering a natural and immersive experience, along with a variety of activities for tourists to enjoy. Koh Hey : Phuket Located at the southern tip of the province is the charming Koh Hey. This island is known for its fine white sandy beaches and boasts abundant shallow coral reefs. The crystal-clear waters here reveal a magical underwater world bursting with vibrant colors. If you are wondering where to head to the beach this rainy season, Koh Hey is certainly another captivating option worth considering. Chao Mai Beach : Trang Hat Chao Mai National Park, while not as widely recognized by name, certainly does not lack in beauty. This beach area is designated as a national marine park and is surrounded by estuaries dotted with fishing villages where people lead tranquil and simple lives. It is considered an exceptionally charming island in its own right. The sandy shores of Chao Mai Beach and its vicinity offer soft and comfortable footing, coupled with clear seawater and thriving mangrove forests. For those seeking a remarkable journey to the Trang coast, rest assured that this destination will not disappoint. Source: www.sanook.com Check-in experience the natural beauty of Thailand
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