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CANCHAM NEWS

  • Thursday, May 14, 2020 13:56 | Anonymous


  • Monday, May 11, 2020 13:09 | Anonymous

    Anxiety and stress in times of uncertainty

    Anxiety and stress when isolating and social distancing


    Anxiety and stress, how to support the family in these challenging times






  • Tuesday, April 28, 2020 13:33 | Anonymous


    • FutureTales Lab by MQDC is ASEAN’s first center for future studies to bring benefits to society.
    • The futurology center seeks to be a proactive research center for future solutions, capturing and analyzing emerging trends to share with government and the private sector so help them prepare for possible future scenarios.
    • The center reveals 10 trends to watch for in the post-COVID-19 era, helping society to react and adapt to future circumstances

    20 April 2020, Bangkok – The COVID-19 pandemic facing the world today has a major impact in all areas of life, from economic, social, and political aspects to the constantly evolving way of life. So an important question arises: How will the outbreak change the way people live their lives? FutureTales Lab by MQDC is here to help you explore the answer by analyzing the impact and tapping into future social scenarios. The center predicts 10 top trends that will impact the social landscape to enable people to respond effectively to all changes.

     

    “We understand the importance of emerging trends and the implications of what will happen to the world,” said Mr. Visit Malaisirirat, CEO of Magnolia Quality Development Corporation Limited (MQDC). “To enable all parties in the government and private sector to further understand outcomes and better design new policies, we intend to assist them in proactively reacting to future challenges, developing new residential products and solutions, and delivering services that meet the lifestyle needs of people in the future. All of these are based on the concept of ‘For All Well-Being’, which means truly creating a better quality of life for all on earth in a sustainable way. Therefore, we have established ‘FutureTales Lab by MQDC’, which is the first research center for future studies in ASEAN.”

     

    Dr. Karndee Leopairote, Chief Advisor to FutureTales Lab, which serves as a research unit of MQDC, said: “A research team at FutureTales Lab by MQDC has highlighted important factors and issues, and then analyzed them by using the web of impact model to identify possible impacts on future society after the COVID-19 outbreak. There are 10 emerging trends for Thailand to watch and react to in various areas, including lifestyles, residential behavior, the application of technology, travel, and healthcare, as well as the overview of government policies.”

     

    Top 10 trends from FutureTales Lab by MQDC are as follows:

    1.Social Structure – A new social structure will emerge with common rules and regulations globally. These will be universal and focus mainly on health and security. Backed by the emergence of IOT infrastructure and systems, people are increasingly likely to give greater importance to health and life quality. People will tend to sacrifice personal data and privacy in return for greater protection of health, properties, and the well-being of their families.

    2.Resilience & Agility by Force – Although trust between individuals will tend to diminish after the COVID-19 pandemic, collaborations between organizations and industries are expected to increase. The government sector, however, might take longer to adapt to changes and will be more subject to adjustments. Fundamental laws will be altered. Online meetings/conferences will also become available and accepted. This crisis might lead to a drastic, but positive, change in the economic landscape. It means government and business organizations can take advantage of the current situation by providing their staff and workers with free online training, or redesigning a new work process that can reduce the use of organizational resources.

    3.Global Emotional Crisis & Touchless Society – An emotional crisis will spread among people who struggle to adjust to not being able to live a normal life. It can lead to unbalanced thoughts and emotions. For example, the younger generation is likely to grow up switching from traditional greetings such as handshaking or hugs. Increasing social and physical distancing will lead to more noticeable emotional health concerns such as lack of attentiveness and lowered sense of care. Co-working spaces might be transformed into sharing spaces with boundaries or more dedicated space for individual use. Contactless space will be more prevalent and generally equipped with voice recognition and AR.

    4.Public Space/Indoor Technology with Health Factor – Decreased public trust and rising safety concerns over public places will lead businesses like large malls to design more reliable responses and develop tools to make consumers feel more comfortable and safe. Sanitizing systems have become as important as air conditioning, water supply, and electricity systems. Clean air quality standards in buildings will be essential.

    5.Prioritizing Space over Convenience – Home-buying decisions are changing. In the past, residences were packed in metropolitan locations near rail routes, which was a key decision factor. But the current outbreak influences how people will work in the future. Office workers can work from home without needing to go to the office every day. Homes no longer need to be in an urban area or be small condominiums in a CBD. Now residential locations can be in suburban areas and provide larger space with a garden. Vacation homes can become main residences.

    6.Everything at Home – The current virus outbreak will cause the economy to be developed at home. This changes how people live their lives as they become more accustomed to staying home, working and doing different activities at home. Requirements are therefore changing. Rather than seeking a small place to live in, people are likely to demand more space. They will want to facilitate a variety of activities. Condominiums are no exception. They must provide enough space for cooking, working from home, and taking exercise.

    7.Proactive Healthcare Platforms – With the COVID-19 pandemic hitting the world, platforms for healthcare and disease prevention have become increasingly important. City infrastructure, buildings, and houses need to be equipped with physical and mental healthcare platforms as a fundamental service.

    8.Last-Mile & Same-Hour Logistics – Consumer behaviors are changing. These bring about rising demand for short-distance transport within a radius of 1 km as well as quick delivery within 1 hour.

    9.Wearable Devices – Prioritizing Health & Safety over Privacy – Growth is expected for wearable electronic devices. Consumers will tend to sacrifice personal data in return for greater security. For example, there will be more applications getting deeper access into personal data, knowing our locations on a real-time basis and evaluating the risk we are facing. Safety and privacy will be a matter for consideration.

    10.Super Food & Food Supply Chain Transparency to Personal Food Supply – Most consumers used to eat for psychological functions such as taste and socializing. From now on, though, they will be more aware of nutrition and health. They must make sure that all ingredients are up to standards of safety and hygiene. More and more consumers have started their small city farms.

     

    “These are 10 trends that will change the way people live their lives after the COVID-19 pandemic. FutureTales Lab by MQDC believes our predictions will help all sectors in society prepare to react and adapt to the ‘Next Normal’ we expect to see in the post-crisis era,” said Dr. Leopairote.


  • Monday, April 27, 2020 09:25 | Anonymous


  • Monday, April 27, 2020 09:12 | Anonymous


    Today, millions of people around the world have recently started working from home (WFH) because of the COVID-19 coronavirus outbreak. We would like to share some advice from Dr. Alisara Arirachakaran, Head of the Sports Medicine & Lifestyle Center 

    How to establish a designated workspace correctly?

    In your house you should only try to work in one area. Try not to do work on the bed or on the sofa. The best workspace is at a desk or table so that you can arrange proper ergonomics during your day.


    How to work from home productively with care for your body and mind?

    It is important to make sure that you stay healthy as well as sane during these difficult times. You can stay healthy by reducing junk food consumption, eating and exercising regularly.
    Staying “sane” may be a bit more difficult. Even mentally stable individuals might experience depressive tendencies due to social isolation, as it is a situation that most are not accustomed to. Spend 10-20 minutes each day calling family and loved ones, and video-call your friends from time to time to see how they are doing.
    Activities like playing games, watching series, and learning a new skill online can also be good activities to pass the time. Watching too much depressive news and thinking about all the things you can’t do may not be good for your mental health, so limit those activities to maybe only once a day, or even to every other day.

     

    What exercises or physical activities at home do you suggest to stay healthy and work effectively?

    I recommend that you maintain a regular exercise routine of 20-30 minutes per day, 3-5 days per week. Whether it is body weight training, lifting weights, using exercise bands, or other activities like yoga or Pilates. Having daily physical activity will keep you more alert and less groggy, pumping up your endorphins. Once you feel more alert you will be able to work more effectively as well
    .


    Tips on motivation, setting goals, and scheduling tasks

    You should specify a list of long-term goals over a time period of weeks, and a list of short-term goals that you want to achieve on a daily basis. Maybe your goal today is to get in one work-out before dinner and to do all your laundry. Then set that list and do it! Try to sleep at the same time you usually do and get up at the same time every morning to maintain your routine. You should also aim to get 7-9 hours of sleep per night. If you go to bed at 3 am because you were watching Netflix, that’s fine but make sure you sleep until 10 am. Then the next night try to go to bed earlier, bringing your routine back to normal. It’s important to maintain a healthy routine and achieve goals so that you still feel that your life has meaning during these difficult times.

  • Tuesday, April 21, 2020 12:00 | Anonymous


    Written by  Bill Gladstone

    Having lived as an expat in Thailand for years, I know how difficult it can be to purchase a condominium.

    For many of my friends, this is a regular topic of conversation and there are rarely any straightforward answers. Word of mouth often gets the best results, as often you need to know someone who knows someone to help you get this done.

    Finding a property is not as simple as contacting an agent hoping they will understand all your needs and represent your best interests. For example, I’ve seen the same condo unit listed with different agents, but at different prices. The fair market price is often hard to find.

    This on its own can be a big problem. After multiple rounds of tough negotiations on a condo unit in the Sathorn Road area, a colleague of mine needed a loan to complete the purchase. Unfortunately, the price he and the seller agreed upon was well above the loan value the lender was willing to give. Eventually, the deal fell through and he had to start searching for a home again.

    Now seems to be a good opportunity to buy as market prices are becoming more reasonable. With Covid-19 worries and a weak economy, I’ve heard that both developers and resellers are willing to be more reasonable on price as they have been sitting on unsold units for longer periods of time over the past few quarters. This is also a good time to look at refinancing if you already own a condo, as the banks are offering more attractive interest rates.


    Recently, one friend of mine from Hong Kong did really well by starting his search with the lender first. In his case, UOB Bank’s international mortgage team was able to take his information upfront and clearly explain what he would need to do to secure financing once he found a home he was happy with. Based on his financial status, they were able to advise how much he could borrow, what type of interest rate he could expect, and help him prepare some of the paperwork in advance. Armed with this knowledge, my friend was able to find a condo unit in the Sukhumvit area both he and his wife liked, agree on a fair price with the seller and close the transaction as painlessly as possible. My friend said that with few professional mortgage lenders available to expats in Thailand, having the financing in place in advance provided real peace of mind in concluding his purchase of his home.

    If you’re an expat living here or abroad, and are ready to buy a condo in Thailand, doing your homework in advance can really save you time, money and prevent disappointment.

    If you need any assistance in purchasing a residential condo in Thailand, we are very happy to refer you to a professional international mortgage team. And if you have a personal experience to share related to this topic please do not hesitate to send it to Jen Meckhayai, the Executive Director of CanCham Thailand at ed@canchamthailand.org or submit your inquiry here.

  • Tuesday, April 14, 2020 12:23 | Anonymous

    Bumrungrad International is now using recently imported disinfecting robots from the US to help combat COVID- 19

    Bumrungrad International is now using recently imported disinfecting robots from the US to help combat COVID-19. COVID-19 testing is available at Bumrungrad International Hospital.
     


    CALL FOR APPOINTMENT

    SEND AN INQUIRY

    BOOK APPOINTMENT

  • Tuesday, April 14, 2020 12:06 | Anonymous


    word-Resilience [blue].png

    LeElement 04.pngarn more about how to build your own personal resilience.  Each interactive session will focus on exploring and experiencing a specific aspect of resilience.  Develop and pursue a plan throughout the course to build the resilience practices for a more resilient you.

    Course Structure

    • 2 hour live, online sessions
    • 1 session per week
    • 5 sessions per course
    • Small cohort size
    • Interactive and exploratory of real life application of concepts

      Element 02.png

    Course Cost

    • THB 6,000 or US$200
    • To be paid upon agreement of course time

    More Information

    Course Logistics

    • Course time will be agreed upon by participants, taking time zones into account. 
    • This course uses the Zoom online meeting platform.


  • Monday, April 13, 2020 11:17 | Anonymous

    AURORA, Ontario, March 26, 2020 — Magna International Inc. (TSX: MG; NYSE: MGA) today provided an update on a number of actions related to the COVID-19 pandemic.


    “During this unprecedented time, we remain focused on the health and safety of our employees and the communities in which Magna operates, while continuing to support our customers around the world.”

    “I remain confident in our resilience in the face of rapidly changing developments due to the COVID-19 pandemic, as well as our ability to respond to changing market conditions. We believe we are putting the appropriate plans in place to manage through these challenging times, while also focusing on opportunities that may further position Magna for the future.”

    - Don Walker, Magna’s Chief Executive Officer

    Magna has established internal task forces to assess, monitor and deal with the potential impact of COVID-19 on our business and share information across the company. We continue to adjust our operations and take actions to protect the health of our employees, suppliers and visitors.

    A number of our OEM customers, particularly in North America and Europe, have initiated production downtime or have reduced production rates. It is uncertain whether OEMs will extend production downtime or further lower production rates as circumstances evolve. While specific production schedules for our operations vary by location and customer, many of our facilities have reduced or suspended operations for reasons related to the COVID-19 pandemic, including as a result of government-ordered restrictions. For our facilities that continue to operate due to customer schedules, we are taking steps to safeguard employees through enhanced administrative controls, employee monitoring strategies, more rigorous cleaning practices and physical distancing.

    Following an extended period of production downtime in February, our operations in China continue to ramp up along with the overall local industry. While business activity continues to increase, it remains below the production levels anticipated earlier this year.

    Given the high degree of business uncertainty caused by COVID-19, we are withdrawing our outlook. We will next provide a general business update when we report our first quarter 2020 results and will resume providing an outlook at a future date. In the meantime, investors should take comfort from the fact that we have liquidity of approximately $4 billion including approximately $1 billion in cash and $3 billion in available, committed credit lines at February 29, 2020.


    “We are taking actions across our organization to reduce costs and capital spending in order to mitigate the impacts of declining vehicle production on our cash flow. By design, our balance sheet is strong, which we believe will allow us to withstand a potential significant downturn and capitalize on opportunities.”

    - Vince Galifi, Magna’s Chief Financial Officer

    Reflecting our commitment to the communities in which we operate, we are working creatively to help source and produce critically-needed supplies and equipment for the health care sector. Our global purchasing organization has been successful in securing significant quantities of masks for local hospitals and health care authorities.

    INVESTOR CONTACT

    Louis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com, 905.726.7035

    MEDIA CONTACT

    Tracy Fuerst, Vice President, Corporate Communications & PR tracy.fuerst@magna.com, 248.631.5396

    OUR BUSINESS

    We are a mobility technology company. We have over 165,000 entrepreneurial-minded employees, 346 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities that include body, chassis, exteriors, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA).

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to Magna’s resilience; as well as our ability to withstand a significant downturn and capitalize on opportunities.

    Forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. Whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:


    Risks Related to the Automotive Industry

    • economic cyclicality;
    • regional production volume declines, including as a result of the COVID-19 (Coronavirus) pandemic;
    • intense competition;
    • potential restrictions on free trade;
    • trade disputes/tariffs;

    Customer and Supplier Related Risks

    • concentration of sales with six customers;
    • shifts in market shares among vehicles or vehicle
    • segments;
    • shifts in consumer "take rates" for products we sell;
    • quarterly sales fluctuations;
    • potential loss of any material purchase orders;
    • a deterioration in the financial condition of our supply
    • base;
    • OEM consolidation;

    Manufacturing/ Operational Risks

    • product and new facility launch risks;
    • operational underperformance;
    • restructuring costs;
    • impairment charges;
    • labour disruptions;
    • COVID-19 (Coronavirus) shutdowns;
    • supply disruptions and applicable costs related to
    • supply disruption mitigation initiatives, including as a
    • result of the COVID-19 (Coronavirus) pandemic;
    • climate change risks;
    • attraction/retention of skilled labour;

    IT Security/Cybersecurity Risk

    • IT/Cybersecurity breach;
    • Product Cybersecurity breach;


    Pricing Risks

    • pricing risks between time of quote and start of production;
    • price concessions;
    • commodity costs;
    • declines in scrap steel prices;

    Warranty / Recall Risks

    • costs related to repair or replacement of defective products, including due to a recall;
    • warranty or recall costs that exceed warranty provision or insurance coverage limits;
    • product liability claims;

    Acquisition Risks

    •  inherent merger and acquisition risks; acquisition integration risk;

    Other Business Risks

    • risks related to conducting business through joint ventures;
    • our ability to consistently develop and commercialize innovative products or processes;
    • our changing business risk profile as a result of increased investment in electrification and autonomous driving, including: higher R&D and engineering costs, and challenges in quoting for profitable returns on products for which we may not have significant quoting experience;
    • risks of conducting business in foreign markets;
    • fluctuations in relative currency values;
    • tax risks;
    • reduced financial flexibility as a result of an economic
    • shock;
    • changes in credit ratings assigned to us;

    Legal, Regulatory and Other Risks

    • antitrust risk;
    • legal claims and/or regulatory actions against us; and
    • changes in laws and regulations, including those
    • related to vehicle emissions.

     



  • Monday, April 13, 2020 10:53 | Anonymous


    As you continue to cover creative solutions in the face of shortages of hospital equipment, a team of Magna engineers (the largest automotive supplier in North America) have developed a sanitizing box using ozone tech to eliminate bacteria and odors that is compact and easy to get into the hands of medical professionals if it can be proven to kill COVID-19.

     In 2012, this skunkworks project proved capable of killing MRSA bacteria, and now we’re seeking a testing partner to validate if could kill COVID-19. Our Puro device is compact (the size of an oversized Yeti cooler) and ready for mass production and distribution if proven to kill COVID-19. Leveraging the tooling at an existing manufacturing facility, our company could have this device in the hands medical professionals within weeks. The key is Magna’s ability to scale quickly and distribute to those that need it – all we need is a testing partner – and we believe that partner is among your readers.

    I hope you will consider learning more about this creative solution that our company would like to contribute to helping those in healthcare have what they need during this unprecedented time.

    Click for short video about the Puro Sanitizing Box. Fact sheet attached.

    • The sanitizing device uses ozone technology to eliminate bacteria and odors from items that cannot be cleaned through traditional methods.
    • The device was tested against MRSA bacteria in 2012 and proved to kill it, and now Magna is seeking a testing partner to test against COVID-19.
    • Operated using proprietary software developed by Magna that controls the functioning of the unit.
    • Operates independently of any ancillary cleaning detergents
    • Capacity to hold larger unconventionally shaped items and is safe to use on everyday items from toys and sports gear to food preparation utensils.


    Recent news about PURO:

    https://business.financialpost.com/transportation/autos/magna-to-make-masks-seeks-approval-for-sanitizing-device-as-2000-canadian-firms-step-up-to-fight-covid-19?video_autoplay=true

    PURO_One Pager.pdf

CanCham Thailand (Thai-Canadian Chamber of Commerce)
139 Pan Road, Sethiwan Tower, 9th floor, Bangkok 10500, Thailand
Phone: +66 (0) 2 266 6085-6 | Fax: +66 (0) 2 266 6087| info@canchamthailand.org

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