Latest news with #THB
Bangkok Post
7 hours ago
- Automotive
- Bangkok Post
Kao and CMU Build Roads from Recycled Plastics
Kao Industrial (Thailand) Co., Ltd., a leading Japanese manufacturer of consumer and chemical products, has partnered with the Faculty of Engineering at Chiang Mai University to launch the 'Green Pavement' project on campus. This initiative showcases Kao's innovative NEWTLAC technology, which repurposes used PET plastic bottles into a chemical additive for asphalt, improving road durability, strength, and environmental sustainability. Kao contributed funding and materials worth 1,230,000 THB to support the construction, reinforcing the company's commitment to reducing plastic waste and promoting the sustainable resource use in Thailand. Mrs. Narumol Nakakes, Vice President of Chemical Sales and Marketing at Kao Industrial (Thailand) Co., Ltd., stated, 'Our partnership with Chiang Mai University's Faculty of Engineering on the Green Pavement project is a proud milestone for Kao. It brings our NEWTLAC innovation to life in a meaningful way and aligns directly with our zero-waste strategy. This project proves that discarded PET plastic bottles can be transformed into high-value, durable, and safe infrastructure.' Research by Kao Corporation in Japan shows that just 100 square metreers of NEWTLAC-enhanced pavement can recycle up to 1,430 PET bottles. This pilot road stands as a powerful prototype, paving the way for more environmentally friendly infrastructure development across Thailand.' The Green Pavement project is comprises a prototype stretch of porous asphalt road enhanced with Kao's NEWTLAC 5510 technology. This innovative material is made produced by chemically processing used PET plastic bottles into a fine, yellow powder resembling granulated sugar. When mixed blended with traditional asphalt, it produces creates a highly durable, water-resistant surface that significantly extends the road's lifespan. With Kao providing 1.23 million baht in funding and materials, the project involved the renovation of a 469-metreer roadway, covering more than 3,000 square metermetres within Chiang Mai University. A total of 1.3 tonnes of NEWTLAC was used—recycling 18,909 PET bottles—resulting in an environmentally friendly road that combines structural strength, excellent water permeability, and protection of the campus's existing ecosystem. Associate Professor Dr. Thongchai Fongsamootr, Dean of the Faculty of Engineering at Chiang Mai University, remarked, 'The Faculty of Engineering is committed to becoming a leading institution in driving research and innovation for sustainable infrastructure. We are proud to partner with Kao on the Green Pavement project, part of our broader initiative, titled 'Plastic Road Pavement from Kao NEWTLAC as Recycled PET Product.'. This project not only addresses key challenges in civil and environmental engineering but also serves as a 'Living Lab,' where students and faculty can engage with real-world applications of alternative materials. The road's strength, durability, and excellent water absorption, along with its ability to preserve mature trees and the natural landscape of our campus, exemplify its potential as a model for sustainable development in Thailand.' The Green Pavement at Chiang Mai University marks the third real-world deployment of Kao's NEWTLAC technology. Earlier pilots were carried out at two other locations: a 500-square-metre stretch at Amata City Industrial Estate in Chonburi, and a 1,500-square-metre section at the Din Daeng toll plaza on the inbound Don Mueang Tollway, covering both inner and outer lanes. The consistent success across all three sites underscores Kao's steadfast commitment to sustainable innovation and delivering long-term environmental benefits to Thai society.
Bangkok Post
16 hours ago
- Business
- Bangkok Post
XPCL Green Debentures Oversubscribed Amid Strong Investor Confidence
Xayaburi Power Company Limited (XPCL), an associate company of CK Power Public Company Limited (SET: CKP), has announced the successful closure of its Thai baht-denominated green debenture offering, which was oversubscribed by institutional and high-net-worth investors. The success underscores strong investor confidence in XPCL's business resilience and commitment to strengthening Thailand's renewable energy stability. The offering comprised two series of green debentures: the Unsubordinated and Unsecured Green Debentures No. 1/2025, and the Unsubordinated and Guaranteed Green Debentures No. 2/2025, both with debentureholders' representatives. The subscription period ran from 18 , 21, and 22 July 2025. Mr. Vorapote Uchoepaiboonvong, Managing Director of XPCL, expressed appreciation for the overwhelming support, stating: 'We are grateful for the trust shown by investors in our long-term operations. The proceeds will be used to refinance debentures due in July 2025 and to advance our commitment to a sustainable energy future.' The green debentures were issued under XPCL's Green Financing Framework, which aligns with the Green Bond Principles 2021, Green Loan Principles 2021, and ASEAN Green Bond Standards 2018, with DNV serving as the independent external reviewer. The issuance was jointly arranged by Bangkok Bank, Krungthai Bank, Siam Commercial Bank, Kiatnakin Phatra Securities, Krungthai XSpring Securities, and Asia Plus Securities. XPCL operates the 1,285 MW Xayaburi Hydroelectric Power Plant in the Lao People's Democratic Republic under a 29-year concession. Almost all electricity generated is sold to the Electricity Generating Authority of Thailand (EGAT) under a long-term power purchase agreement (PPA) effective since October 2019. The plant generates over 7,000 GWh of renewable electricity annually, helping Thailand avoid approximately 3.8 million tonnes of CO₂ equivalent emissions each year. Financial Performance In 2024, XPCL reported total revenue of THB 13.48 billion and EBITDA of THB 11.93 billion, with total assets of THB 127.6 billion. The company maintained a net interest-bearing debt-to-equity ratio of 1.53 times, well below its covenant threshold. In Q1/2025, XPCL posted revenue of THB 2.87 billion and EBITDA of THB 2.52 billion, with the debt-to-equity ratio improving to 1.48 times as of 30 June 2025. Shareholding Structure XPCL's major shareholders include:
Business Insider
a day ago
- Entertainment
- Business Insider
NEON Countdown's 10th Anniversary Features Asia's First Fully On‑Chain Blindsale with PLVR
Bangkok's signature New Year's Eve festival unveils limited-edition digital collectible tickets (THB 3,500) and moves to Rajamangala Stadium for its milestone edition. NEON Countdown, Bangkok's landmark New Year's Eve music festival, marks its 10th anniversary with a move to Rajamangala Stadium and a new chapter in digital ticketing. Partnering with PLVR, NEON Countdown becomes the first festival in Asia to launch a fully on-chain 'Blindsale', offering limited-edition digital collectible tickets, each minted as a verifiable NFT and available for THB 3,500. After a decade of lighting up the Bangkok skyline, NEON Countdown's 2025 edition finds a new home at Rajamangala Stadium. The move puts the festival in the heart of the city, offering greater accessibility, best-in-class transit links, and space for the biggest crowds in NEON's history. Organizers promise a landmark production, an all-new mega stage, and a lineup of surprise international headliners to be announced soon. Setting a New Standard for Festival Ticketing NEON Countdown tickets are issued on-chain using PLVR, APAC's leading Web3 ticketing platform, giving fans access to digital collectible passes that are verifiable, tradable, and future-ready. Each Blindsale ticket acts as proof of entry, a collectible keepsake, and a potential unlock for exclusive perks. All Blindsale tickets are available starting July 24th at 6PM GMT+7 only via with a dedicated link for Chinese and Singapore guests: 'As we celebrate 10 years of NEON Countdown— we're building forward. Partnering with PLVR for our Blind Sale is part of that evolution,' said Renelle, spokesperson for NEON Countdown. 'Trust has always been the heart of our community, and PLVR's platform mirrors that — giving fans full ownership of their tickets and transparency. It aligns perfectly with what NEON stands for: real connection, real value, and unforgettable experiences.' 'For us, this partnership is about making live events better for everyone. Fans get secure, verifiable tickets that are truly theirs, and organizers can engage their audience in new ways,' said Marco Zhu, Growth Lead at PLVR. 'When a ticket becomes a collectible with real value, it changes how people experience and remember a festival. We're excited to see how this shapes the future for NEON Countdown and events across Asia.' Collaboration with RaveDAO NEON Countdown 2025 is also presented in partnership with RaveDAO, a global Web3-powered collective dedicated to transforming live entertainment through social impact and technology. With a track record of curating large-scale, purpose-driven festivals across Asia, the Middle East, and Europe, RaveDAO is recognized for connecting artists, fans, and communities through next-generation innovation and a focus on real-world impact. At NEON Countdown, RaveDAO brings its expertise in on-chain community engagement and innovative event design to one of Asia's most celebrated New Year's Eve gatherings. The partnership reflects a shared commitment to giving festivalgoers more than just a night out but making each ticket a symbol of connection, creativity, and positive change. Key Highlights for NEON Countdown's 10th Anniversary With all these innovations and partnerships coming together for the 10th anniversary, NEON Countdown promises a New Year's Eve experience like no other. Here's what sets this year apart: 10-Year Milestone: Special anniversary production, expanded staging, and surprise global headliners, all to be revealed soon. Venue Upgrade: Rajamangala Stadium's central location makes access easier and welcomes the festival's largest audience yet. On-Chain First: Fully verifiable NFT tickets eliminate fakes, enable transparent resale royalties, and unlock future perks for holders. Fan-Centric Experience: Clicking on 'Interest' on the event page to join the waitlist now for priority reminders to never miss the Blindsale or key festival updates. With limited-edition digital tickets available in the Blindsale, NEON Countdown's 10th anniversary promises to be one of the most exciting New Year's Eve celebrations in Asia. Fans are encouraged to join the waitlist and follow NEON Countdown for the latest updates on lineup reveals and festival announcements. About NEON Countdown Since 2014, NEON Countdown has transformed Bangkok's skyline each New Year's Eve with world‑class EDM, immersive visuals, and a midnight spectacle rivaling the planet's greatest celebrations. The 2025 edition promises the festival's biggest stage design and line‑up yet as it celebrates ten years of electric memories. About PLVR PLVR is an omnichannel ticketing and fan-data platform built for Web3 and Web2 interoperability, enabling organisers to unlock secondary sales, loyalty programmes and granular audience insights. About RaveDAO RaveDAO is the next-gen community-driven engine for live entertainment, powered by crypto and AI — combining globally distributed community-driven live and virtual events, AI-assisted UGC, community-driven, reputation-based vendor marketplace, and fan engagement system. RaveDAO onboards the next billion through immersive, token-powered entertainment experiences that also generate real-world social impact. Since 2024, the collective has welcomed 30,000+ attendees across Europe, MENA, and Asia.
Bangkok Post
4 days ago
- Business
- Bangkok Post
Capstone Asset Sets Sights on Sector Leadership
Capstone Asset, a luxury real estate developer, leverages more than two decades of success in creating world-class five-star hotels and branded residences. Focused on leading the Lifestyle and Hospitality Real Estate segment, the company is preparing to launch Peylaa Phuket Bang Tao, its newest mixed-use branded development in Phuket, a THB 3.7 billion project in partnership with a globally recognised hotel chain. Shaping Lifestyle and Hospitality Through Innovation and Design Capstone Asset consistently sets new benchmarks, from the iconic Kimpton Kitalay Samui, beloved by local and international travellers, to Tonson One Residence, a luxury condominium offering ultimate privacy in Bangkok's prime location, and Canvas, Ploenchit's first lifestyle mixed-use hub. The company is also developing a five-star lifestyle hotel on Natai Beach, poised to establish the area as Thailand's next luxury lifestyle destination. The company's latest venture, Peylaa Phuket Bang Tao—a standout branded residence—is located in one of Phuket's most desirable beachfront areas. Led by Managing Partner Mr Titiwat Kuvijitsuwan, Capstone Asset is collaborating with a global hotel brand to redefine residential experiences in Thailand. Each project shares a common ethos: design-driven innovation with a clear purpose. This reflects Mr Titiwat's vision to establish Capstone Asset as the leading real estate company in Thailand's lifestyle and hospitality sector, aligned with tourism's vital role in national economic growth. 'We follow a 'One Project, One Brand' philosophy,' said Mr Titiwat. 'Each development is uniquely designed with innovations tailored to its market context and audience, ensuring every brand has a strong identity.' Targeting Leadership in Lifestyle and Hospitality Real Estate Looking ahead, Mr Titiwat aims to position the company as Thailand's leading developer in the Lifestyle and Hospitality Real Estate sector within the next three to five years. The focus will be on hotels and condominiums that integrate residential comfort with hospitality-grade experiences—a segment offering significant untapped opportunities. This strategy aligns with global trends, as leading hotel groups increasingly launch lifestyle-focused brands to meet evolving modern living expectations. With Thailand's robust tourism sector as a growth engine, Capstone sees promising prospects for hospitality-driven real estate. Mr Titiwat highlights the enduring appeal of destinations like Bangkok, Phuket, Samui, Pattaya, Krabi, and Chiang Mai, which continue to attract high volumes of domestic and international visitors. Phuket, in particular, has experienced a notable surge in real estate development in recent years, with even greater potential fuelled by its global reputation and economic resilience. From Academia to Industry Leadership After earning his bachelor's degree from the University of Michigan (Ann Arbor) and master's from Stanford University, Mr Titiwat began his real estate journey with an internship at Lehman Brothers, followed by a focus on property investments at Lehman Brothers Thailand. He later spent over five years at Minor International PCL, leading hotel M&A and brand expansion. His experience encompassed hotel development and branded residences before founding Capstone Asset in 2019. Since then, the company has launched eight projects totalling more than THB 14 billion in value. Real Estate's Dynamic Appeal Mr Titiwat describes real estate as a constantly evolving industry that thrives on challenges and demands creative solutions. Each project, even within a similar type, must be tailored to specific lifestyles and local nuances. Capstone avoids a one-size-fits-all brand strategy, instead crafting projects with a strong identity, synergy and a unique blend of hospitality and residential character. A Resilient Market Despite global economic uncertainty, Mr Titiwat sees Phuket as a unique opportunity. Its status as a top-tier global destination, complete with an international airport, lends its resilience. 'Regardless of the national economy or political climate, Phuket remains strong. It recovers quickly and continues to grow,' he said. He adds that if broader economic conditions improve, Phuket could become Asia's leading resort destination, thanks to its central location, easy connectivity and increasing direct flights from China and Europe. Introducing Peylaa Phuket Bang Tao — A New Living Experience Confident in Phuket's long-term potential, Capstone Asset is launching Peylaa Phuket Bang Tao, a luxury mixed-use condominium project valued at THB 3.7 billion. Spanning over 10 rai (approx. 16,200 sq. m.), the development features three seven-storey residential buildings, totalling 408 units. These range from 45 sq. m. one-bedroom units to 82–90 sq. m. two-bedrooms, and 127 sq. m. three-bedroom combined units—all fully furnished and move-in ready. 'We are finalising a partnership with a global hotel chain and plan to officially launch in September,' Mr Titiwat says. 'This project will offer an extraordinary, lifestyle-driven residential experience unlike anything else in the Thai market.'
Bangkok Post
18-07-2025
- Entertainment
- Bangkok Post
Chef Ian Kittichai Presents Intimate Culinary Evenings at Khum Hom
BANGKOK, 17 July 2025 – Khum Hom at Mövenpick BDMS Wellness Resort Bangkok has announced two exclusive Chef's Table evenings with acclaimed Chef Ian Kittichai on 14 and 26 July 2025. These intimate dining experiences offer discerning guests the opportunity to witness Chef Ian's interpretation of Thailand's diverse culinary traditions through a carefully curated six-course tasting menu. The evening begins with Kao Tang Na Tung, traditional savoury rice crackers elevated with a house-made chicken relish, followed by Yum Som-O Puu Nim, featuring crispy soft-shell crab paired with a vibrant pomelo salad. The experience continues with Gaeng Ran Juan Seekrong Mhoo, a distinctive pork ribs curry with lotus stem that showcases the complexity of regional Thai cooking techniques. The centrepiece presents Gaeng Phed, where crispy duck confit meets the bold intensity of spicy coconut curry, accompanied by perfectly steamed jasmine rice. The meal concludes with Dok Mali Yok Manee, an elegant jasmine pannacotta with pandan sago and smoked coconut syrup that reimagines traditional Thai dessert elements. "These evenings represent my ongoing exploration of Thailand's culinary depth," shares Chef Ian. "Each dish honours authentic regional techniques while allowing the natural character of premium ingredients to speak clearly. It's about creating moments where tradition and personal interpretation find their balance." Thoughtfully selected French wines accompany three of the courses, including Alsatian Riesling with the opening courses and Burgundy with the duck curry, creating a refined dialogue between Thai flavours and European winemaking traditions. The six-course tasting menu is priced at THB 1,600++ per person, with the wine pairings available for a total of THB 3,200++ per person. Advance booking is essential due to limited seating for this exclusive experience.
