The Coming Storm
Southeast Asia has recorded rising average temperatures since 1960. With climate change effects becoming more pronounced over the last decade, it is now considered one of humanity’s most crucial challenges.
Based on data collected over the past two decades, the International Monetary Fund (IMF) included Thailand and Vietnam among countries severely affected by climbing temperatures. Climate change is a significant security concern for Thailand, which, like many other Southeast Asian countries, struggles with the challenges it poses. Continued …
Thailand plans Asia’s first sovereign sustainability-linked bond
The government plans to sell as much as USD1 billion of baht-denominated sustainability-linked bonds (SLBs) in the fourth quarter, in what looks set to be the first such offering from an Asian government.
The sale will finance the government’s budget deficit, and is tied to programs that are intended to reduce carbon emissions, Jindarat Viriyataveekul, public debt adviser at the Ministry of Finance, said in a phone interview. The bonds will be offered to both local and foreign institutional investors, she said. Continued …
Cabinet nod to protect coastal areas
The cabinet has approved three ministerial notifications about measures to protect the environment in the three Andaman coastal provinces of Phangnga, Krabi and Ranong.
Deputy Prime Minister and Natural Resources and Environment Minister Phatcharavat Wongsuwan, said on Wednesday two notifications from his ministry were approved during the meeting on Tuesday. Continued …
Regulator orders 23 EV insurers to submit risk-management plans
The Office of the Insurance Commission (OIC) has ordered the 23 insurers that offer products covering electric vehicles (EVs) to submit their risk-management plans for this nascent line of business.
The deadline for submission of the plans is early June 2024. Among the details required in the plans are the risk-management methods used, the impact of the risk on the companies’ capital, and the risk level at which the insurers would stop offering EV coverage. Continued …
PSP banks on EV industry expansion for growth
PSP Specialties Plc, Thailand’s largest lubricant producer by capacity, is benefiting from the growth of the electric vehicle (EV) industry by selling lubricants and lubricant-related products suitable for battery-powered cars.
Unlike local auto parts manufacturers who supply products mainly for internal combustion engine (ICE)-powered cars, which are currently concerned that their sales will decline as assemblers of EVs do not require many of these kinds of components, PSP Specialties is playing down the impact of technological disruption, saying its products serve customers in both the ICE and EV segments. Continued …
Maserati to join Thai EV market
Italian luxury car manufacturer Maserati plans to join the crowded Thai electric vehicle market by launching two battery EV models here next year, with a focus on LGBTQIA2S+ customers.
Grecale Folgore and GranTurismo will be introduced to Thai enthusiasts in the second half of 2024, the company said. The battery-operated Grecale is its best-selling model. Continued …
Bosch maintained double-digit growth in Thailand
Bosch, a leading global supplier of technology and services, recorded sales of 459 million euros (Bt17.3 billion) in 2023 in Thailand, an increase of 15.8% compared to 2022.
“In 2023, Bosch Thailand achieved significant growth, driven by our commitment to shaping sustainable mobility. Our vision embraces electrified, automated, personalized, and connected solutions, and extends beyond automotive technology. Through strategic partnerships and innovation, Bosch is poised for continued growth, delivering value while contributing to a more sustainable future,” said Joseph Hong, managing director of Bosch Thailand. Continued …
Wildlife Crimes Undermine Capacity To Mitigate Climate Change
Trafficking in protected species of wildlife is diverse and often devastating in their impact and consequences, and they hamper conservation efforts, damage ecosystems, and contribute to undermining the planet’s capacity to mitigate climate change, says a recent report of the United Nations Office on Drugs and Crime (UNODC).
UNODC’s latest report, “World Wildlife Crime Report 2024: Trafficking in Protected Species”, provides a bird’s eye scan of the various spectrum of illegal wildlife trade across the globe, and how it impacts biodiversity loss, economies, and the larger discussion on the depletion of old forest growths and critical wildlife habitats, with certain concerns on climate-related issues. Continued …
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