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Bangkok Post
09-07-2025
- Business
- Bangkok Post
Epic Teochew Opera Celebrates 50 Years of Ties
Bangkok, 9 July 2025 - An Epic Operatic Extravaganza gets underway on July 10, 2025, when the superlative artistry of Shantou Teochew opera takes centre stage in celebrations marking the 50th anniversary of bilateral relations being established between Thailand and China. The weeklong series of performances is being proudly presented by Charoen Pokphand Group (CP Group) in collaboration with the Embassy of the People's Republic of China in the Kingdom of Thailand, and public–private partners which include the Federation of Thai Industries (FTI), the Thai Chamber of Commerce and Board of Trade of Thailand (TCC&BoT), the Thai-Chinese Chamber of Commerce (ThaiCC), the Teochew Association of Thailand, the China Cultural Centre in Bangkok, Thai Beverage (ThaiBev), Bangkok Bank, ICONSIAM, Huawei, ZTE, Midea and Tencent. This landmark event runs from 10 to 16 July, at True Icon Hall (7th floor, ICONSIAM) and sees Guangdong Teochew Theatre's Number One Troupe – featuring some of the most revered exponents of Teochew opera – taking the stage in 16 unique performances. Each draws from the repertory's most famous and admired operas to showcase the distinctive charm and beauty of this remarkable artform. With the benefit of subtitles in both Thai and Chinese, audiences are treated to a captivating display of visual and musical entertainment, all the while being part of a momentous cultural interface. In times to come, shared memories of this exchange adds to the affinity shared by these neighbouring countries and become a source of inspiration for the next generation. Mr Suphachai Chearavanont, CEO of CP Group, said, "Our identities are shaped by memories and I am proud to have been brought up as both Thai and Chinese, two cultures enriched by deeply spiritual traditions. Chinese opera can serve as a shortcut for the next generation, revealing the extent to which both cultures are founded on shared values of love, gratitude and loyalty. More than just a form of entertainment, it is a manifestation of just how closely connected the people of both nations truly are." ThaiBev CEO, Mr Thapana Sirivadhanabhakdi, said, 'I have felt a deep affection for opera ever since I was a child. I would regularly follow my mother and grandmother to go and see Chinese opera. Although at the time I didn't fully understand the storylines, the atmosphere was filled with wonderful music, elaborate performances and delicious snacks, all of which come back to me as warm and joyful childhood memories. Even though I don't remember all of the details, Chinese opera taught me about life through stories that were infused with cultural values. "I would urge everybody with an attachment to Chinese culture, as well as any young people for whom this is all completely new, to come and experience Teochew opera and get a sense of its beautiful roots and the virtues it has passed down through the generations.' FTI Chairman, Mr Kriengkrai Thiennukul, fondly recalled the formative days of his love of Teochew opera: "When I was a child, I heard all about it from my father, but I was never able to experience the real thing until later in life. My message to fellow members of the Thai Chinese community is that you should take every opportunity to experience opera first-hand, seeing it with your own eyes. Even though some might struggle with the Teochew dialect, modern technology has made it easier than ever to fully understand the stories and better appreciate it as a form of cultural expression." Dr Poj Aramwattananont, TCC&BoT Chairman, stated, 'The programme is a reflection of the deep, longstanding friendship existing between Thailand and China. To witness Shantou's premier operatic troupe perform in Thailand on the occasion of the 50th anniversary of diplomatic relations between the two countries is a special opportunity not to be missed. I'd like to encourage members of the public to experience this important Chinese artform for themselves, helping to establish it as a cultural bridge between our countries". Historical records of Teochew opera (also known as Chaozhou, Chiuchow, or Eastern opera) being performed stretch back 600 years, earning it recognition from UNESCO as a practice of 'Intangible Cultural Heritage'. It is characterised by the precise choreography of its dancers, acrobats and clowns; the ornate elegance of its costumes and make-up; its use of didactive narrative to address emotional and ethical themes; and its melodious folk music. The latter pairs traditional instrumentation performed at the highest level with operatic lyricism expressed through the lilting beauty of the Teochew dialect. The Epic Operatic Extravaganza has been performed by Guangdong Teochew Theatre's Number One Troupe throughout the region, reaching Hong Kong, Macau, Taiwan, Malaysia and Singapore, and it has even been enjoyed as far afield as Europe. It has garnered numerous international prizes, including the Yao Xuan Qiao Award for Outstanding Artist and the Plum Blossom Award from the China Theatre Association. The 16 operas being performed across the programme's seven evenings have been carefully selected from the classical repertory to reflect themes especially suited to the occasion, focussing on the importance of virtue, integrity and moral rectitude: 10 JULY 'Farewell to Her Husband (Si Yi Jiu's Battle)': Set in the final years of the Song Dynasty, Tang Piah Nia is the wife of a military officer in Teochew, whom she urges to join the forces tasked with repelling the advances of the Yuan army. Despite this resulting in his death at the hands of the victorious Yuan, the widow continues to stand firm, also fighting to the death in defence of her homeland, demonstrating the ultimate act of patriotism and sacrifice. 11 JULY 'Empress Han Bung': Shortly after being reunited with him after 12 years apart, the Empress is faced with a terrible dilemma when her younger brother is tricked into murdering a government official and is sentenced to death. Forced to choose between love for her sibling and her duty to uphold the law, she ultimately puts the nation's interests ahead of her own so that justice is seen to prevail, even though this means she will suffer great personal loss. 12 JULY 'Filial Piety Overcomes Injustice': In a tale addressing themes of justice and female dignity, a young woman is falsely accused of murdering her mother-in-law. When the truth is eventually brought to light, a judge courageously pursues the conviction of a powerful nobleman's son. 13 JULY 'Maudgalyāyana Saves His Mother': Despite being aware of his mother's complicity in numerous criminal acts, the hero's filial piety leads him to risk his life by attempting to rescue her from hell. Such is his virtuousness that the lords of the underworld are moved to order her release so that he can redeem her from a life of sin. 14 JULY 'Princess Poi Po and General Tek Cheng': An upstanding young general steadfastly refuses to enter into marriage with the princess of another state. Mistrust and conflict ensue but resolution is brought about after mediation establishes mutual understanding, allowing for sacrifices to be made for the good of the country. 15 JULY Dramatic revue: A special performance of ten iconic scenes from Teochew opera sharing common themes: in the Capital: A story about the courage of two lovers as they strive to find fulfilment in each other after being separated by their disapproving families. of Love in the Flower Garden: A young couple exchange heartfelt promises of undying love in a beautiful flower garden. Bao's Apology: Justice Bao is committed to performing his duties with the utmost integrity. He never wavers even when he is dutybound to sentence his own relative to death, which exposes him to the dismay, indignation and resentment of the rest of his family. Inn at the Crossroads: A brave female innkeeper offers her assistance to a man wronged by a corrupt noble. A series of misunderstandings with a military officer result in a fierce battle before the truth is finally revealed, allowing them to reconvene to embark on a final decisive mission. v.A Ballad of Love: This tells of the painful separation between a young nobleman and the courtesan he has fallen in love with. Weeping Woman: A desperately poor peasant woman returns home to find that her son has fallen gravely ill. Faced with such adversity, her heart is filled with both hope and sorrow. That Bind: When a young man learns of the existence of his biological mother, his relationship with his foster mother is soured by distrust and conflict until mutual understanding guides them towards reconciliation. Golden Hairpin Confusion: A misunderstanding involving a golden hairpin casts suspicion over a dissolute nobleman, leading to humiliating punishment. Hero of Wang Chong Huang: Amid fears of an invasion by enemy forces, the emperor's suspicions fall on a loyal general, resulting in his imprisonment. x.A Reunion at the Jok Family Home: Former lovers previously separated by misfortunate are finally reunited, but they ultimately discover they are destined not to be together. 16 JULY 'The Embroidered Tiger': Addressing themes of human nature, mutual respect and the redeeming power of literature, this is a modern retelling of the classical tale of the poet, Cao Zhi from the Romance of the Three Kingdoms. After the death of his father, Cao finds himself mired in bitter family conflict, not least with his vengeful bother, Cao Pi. On being named Best Stage Play at the 35th Tian Han Awards in 2021, 'The Embroidered Tiger' became the first Teochew opera to be a recipient of China's highest honour for theatrical productions. All are welcome to come and experience Teochew opera's unique and timeless artistry. Audiences would certainly find themselves mesmerised by the fusion of heartrending vocal prowess, musical virtuosity, intricate choreography and exquisite costumes – produced with state-of-the-art sound and lighting effects – to tell powerful stories of love, virtue and courage so vividly and engagingly. With the provision of subtitles in Thai and Chinese helping to ensure complete comprehension, everyone in attendance would be captivated throughout.
Bangkok Post
08-07-2025
- Business
- Bangkok Post
ThaiBev Clinches Four Awards at 15th Institutional Investor Corporate Awards 2025
Thai Beverage Public Company Limited ('ThaiBev') has received four accolades at the 15th Institutional Investor Corporate Awards 2025, placing it among the top five Singapore-listed companies most preferred by the investment community. These accolades affirm ThaiBev's commitment to upholding the highest standards of governance, transparency, and disclosure. ThaiBev was named winner of Best Strategic Corporate Social Responsibility (CSR), and placed second for Most Organized Investor Relations. It also ranked fourth for both the Strongest Adherence to Corporate Governance and the Most Consistent Dividend Policy categories, among companies listed in Singapore. Ms. Namfon Aungsutornrungsi, Vice President – Office of Corporate Communications and Head of Investor Relations attended the awards ceremony at the Shangri-La Hotel, Singapore on June 30, 2025, on behalf of ThaiBev. Organised by regional investment publication Alpha Southeast Asia, the annual awards, now in its 15th year, recognizes leading public companies across Southeast Asia, including Indonesia, Malaysia, the Philippines, Singapore and Thailand. Within each country, the top five companies are ranked in five categories: Most Organised Investor Relations; Best Senior Management IR Support; Strongest Adherence to Corporate Governance; Most Consistent Dividend Policy; Best Strategic CSR. The results this year were based on a poll involving over 612 investors and analysts from Southeast Asia, the United States and Europe. A total of 36 publicly listed companies were recognised for their excellence and best practices in corporate governance, investor relations, disclosure, transparency, financial management, integrated reporting, CSR, and dividend policy.
Yahoo
25-06-2025
- Business
- Yahoo
Thai Beverage's controlling family sets out shareholding changes
Charoen Sirivadhanabhakdi, Thailand's richest man and the controlling investor in drinks giant Thai Beverage, has outlined changes to the company's shareholder structure. According to a series of documents lodged with the Singapore Stock Exchange, Charoen has passed his stakes in holding firms that own the majority of ThaiBev to his children. The holding companies own around 66% of the Chang beer and Larsen Cognac maker. Charoen, 81, has transferred the stakes in the firms to his five children, the filings show. However, as part of the changes, the children have activated an agreement that will confer on Charoen 'the authority to manage and make all decisions in respect of the business and assets' of the group. ThaiBev is part-way through its current financial year. In the six months to the end of March, revenue grew 1% to Bt117.62bn (US$3.6bn). Net profit was down 9.2% at Bt17.77bn. Sales were 'mainly driven' by ThaiBev's beer and non-alcoholic drinks businesses, the Bia Siagon brewer said. The Old Pulteney whisky maker's spirits business is its largest when measured by sales. In the period to the end of March, sales from spirits dropped 1.5% to Bt64.52bn, with volumes down 1.9%. The division's net profit dropped 10.3% to Bt11.6bn. In January, International Beverage, ThaiBev's international arm, snapped up full ownership of Asiaeuro International Beverage to accelerate growth in Asia, with a particular focus on China. AIB was established in 2018 as a joint venture between International Beverage and Asia Group Corporate Limited, to bolster the ThaiBev subsidiary's route to market in Greater China. In ThaiBev's 2023/24 financial year, which ran to 30 September last year, revenue grew 2.2% to Bt340.29bn. Net profit inched up 0.6% to Bt35.27bn. Last July, ThaiBev struck a share-swap agreement to increase its stake in Singapore-based food and drinks producer Fraser & Neave (F&N). The deal saw ThaiBev's stake in F&N rise from 28.21% to 69.61%. "Thai Beverage's controlling family sets out shareholding changes" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
24-06-2025
- Business
- Business Times
Billionaire leaves ownership of Thai beermaker to five children
[BANGKOK] Thailand's richest man Charoen Sirivadhanabhakdi distributed stakes in holding firms which control about 66 per cent of Thai Beverage to his five children, though stopped short of handing over full control of the drinks giant. The scions of the octogenarian billionaire put into effect a shareholders' agreement which will confer on their father 'the authority to manage and make all decisions in respect of the business and assets' of the entity, according to filings to the Singapore exchange late on Monday (Jun 23). That move means that a key question over who will ultimately take over Charoen's sprawling business empire remains unanswered, as a succession plan gathers pace. The tycoon is worth an estimated US$10.9 billion, according to the Bloomberg billionaires Index. A cornerstone of that is Thai Beverage, the maker of Chang beer, which also operates distilleries across Scotland. The share transfer is part of a longer term shift in the holdings of the patriarch and his late wife Khunying Wanna Sirivadhanabhakdi as succession beckons. The company did not immediately respond to a request for comment. Thapana Sirivadhanabhakdi, his elder son, is ThaiBev's current chief executive officer. The restructuring means he will share the family's controlling stake in the firm with his brother, Panote Sirivadhanabhakdi, who's the CEO of Singapore-listed property developer Frasers Property, as well as three sisters – Atinant Bijananda, Wallapa Traisorat and Thapanee Techajareonvikul. Thapanee is the CEO of Berli Jucker – a conglomerate with interests including grocery retailer Big C, while Wallapa helms Asset World, a Thailand-focused hospitality firm. BLOOMBERG
Straits Times
24-06-2025
- Business
- Straits Times
ThaiBev billionaire leaves his ownership of company to his five children
The move stopped short of handing over full control of Thai Beverage, the drinks giant and maker of Chang beer. PHOTO: CHANG BEER/FACEBOOK ThaiBev billionaire leaves his ownership of company to his five children SINGAPORE - Thailand's richest man Charoen Sirivadhanabhakdi distributed stakes in holding firms which control about 66 per cent of Singapore-listed Thai Beverage to his five children, though stopped short of handing over full control of the drinks giant. The scions of the octogenarian billionaire put into effect a shareholders' agreement which will confer on their father 'the authority to manage and make all decisions in respect of the business and assets' of the entity, according to filings to the Singapore exchange late on June 23. That move means that a key question over who will ultimately take over Mr Charoen's sprawling business empire remains unanswered, as a succession plan gathers pace. The tycoon is worth an estimated US$10.9 billion (S$14 billion), according to the the Bloomberg Billionaires Index. A cornerstone of that is ThaiBev, the maker of Chang beer, which also operates distilleries across Scotland. The share transfer is part of a longer term shift in the holdings of the patriarch and his late wife Khunying Wanna Sirivadhanabhakdi as succession beckons. The company didn't immediately respond to a request for comment. Thapana Sirivadhanabhakdi, his elder son, is ThaiBev's current chief executive officer. The restructuring means he will share the family's controlling stake in the firm with his brother, Panote Sirivadhanabhakdi, who's the CEO of Singapore-listed property developer Frasers Property, as well as three sisters – Atinant Bijananda, Wallapa Traisorat and Thapanee Techajareonvikul. Ms Thapanee is the CEO of Berli Jucker – a conglomerate with interests including grocery retailer Big C, while Ms Wallapa helms Asset World Corp., a Thailand-focused hospitality firm. Shares of ThaiBev were unchanged at 45.5 cents at 11.33am on June 24. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
