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- Rabbit Life Insurance revolutionizes life insurance with ‘Money Laborers’
Rabbit Life Insurance Public Company Limited, also known as Rabbit Life, is ramping up its business strategy for the final
The post Rabbit Life Insurance revolutionizes life insurance with ‘Money Laborers’ appeared first on ThaiResidents.com - Thai Local News - Thai News.
Rabbit Life Insurance Public Company Limited, also known as Rabbit Life, is ramping up its business strategy for the final quarter of the year by launching the ‘Money Labourers’ campaign, revolutionizes from traditional life insurance models. Under the concept ‘Manage Money Before Money Manages You,’ the campaign addresses financial management challenges and life planning for the future, targeting individuals who work with money, as opposed to manual labour. The campaign highlights four diverse products that meet all lifestyle needs, reaffirming Rabbit Life’s position as a leader in life insurance for the new generation. The company follows the vision: ‘Thinking Differently to Elevate Life with Easy-to-Understand and Needs-Matching Life Insurance.’ Rabbit Life is dedicated to standing by all ‘Money Labourers’ to ensure they can leap towards a better life.
Mr. Korn Chinsawananon, Managing Director of Rabbit Life Insurance, revealed, “The life insurance industry in Thailand continues to grow steadily. According to the Thai Life Assurance Association’s report for the first half of 2024, total insurance premiums reached 311,413 million baht. This reflects the fact that most Thais place great importance on securing insurance to prepare for unexpected events such as illness and to manage their finances in order to build future security. This aligns with the insights we have gathered from our three main customer segments: Insurance Starters: young individuals who have just started working and are looking for tools to help plan their future; Young Successors: office workers or those who have achieved success through multiple income streams and wish to manage both life and finances in the best possible way; Benefit Seekers: experienced individuals who are well-versed in insurance and seek to create the best possible growth for their lives as they serve as the backbone of their families. Our insights reveal that all three groups are seeking stability in life and financial management assistance to help them manage or optimize their money for maximum benefit.”
Mr. Korn added that, as a life insurance provider for the modern generation, operating under the vision “Thinking Differently to Elevate Life with Easy-to-Understand and Needs-Matching Life Insurance,’ Rabbit Life launched the ‘Money Labourers’ campaign. The campaign captures the financial challenges faced by customers and communicates the brand’s image with the idea, ‘Manage Money Before Money Manages You.’ Rabbit Life aims to encourage everyone to focus on financial management, positioning itself as a key partner to help ‘Money Labourers’ achieve a better life. The campaign highlights four products that cater to all lifestyles and needs:
- Hero 10/3 Insurance: Designed for those who have achieved success through several income streams and experience substantial tax burdens. This plan offers a short 3-year payment period, with an annual return of 20% (of the sum insured) and tax deductions of up to 100,000 baht per year (According to the conditions of the Revenue Department.).
- Bumnarn Mungmee 8555+: Ideal for those planning for retirement, this plan offers a pension of 15% per year (of the sum insured) and tax deductions of up to 300,000 baht per year (According to the conditions of the Revenue Department.)
- Health Smile Insurance: Tailored for First Jobbers whose company group insurance may not cover all needs, with premiums starting at 348 baht. When combined with existing benefits, it offers coverage up to 20 million baht, ideal for hospital admissions, with tax deductions of up to 25,000 baht per year (According to the conditions of the Revenue Department.)
- Jaijai 25/9 Life Insurance: Designed for CFO (Chief Family Officers) who want to ensure their loved ones are taken care of in emergencies. It guarantees a 2% annual return and offers life coverage – all causes of death up to 210% (of the sum insured).
“The ‘Money Labourers’ campaign stems from our exploration of the needs of our key customers. We found that financial challenges are not limited to one group — anyone can face these issues without proper financial management. This is why we are committed to developing a variety of products that meet all lifestyles, acting as a crucial financial management partner for all ‘Money Labourers,’ both now and in the future,” concluded Mr. Korn.
For updates on Rabbit Life’s news and promotions, visit the Rabbit Life website at www.rabbitlife.co.th.
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29 October 29 2024AROUND TOWNhttps://thairesidents.com/?p=50588 - How power electronics are shaping the future of energy
This year marks the 70th anniversary of High-Voltage Direct Current (HVDC) technology, a transformative force that has revolutionized power transmission
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This year marks the 70th anniversary of High-Voltage Direct Current (HVDC) technology, a transformative force that has revolutionized power transmission and enabled the integration of renewable energy on a global scale. At Power Electronics & Energy Days in Stockholm, Hitachi Energy celebrates this milestone while highlighting the critical role of power electronics in shaping the future of energy.
HVDC technology has evolved over seven decades to become the cornerstone of efficient, long-distance electricity transmission today. Pioneered by Hitachi Energy in 1954, the company has integrated more than 150-gigawatts (GW) of HVDC links around the world into the power system. Its wide range of applications highlights its potential to transform the global energy landscape toward greater interconnectivity. The technology has evolved from traditional point-to-point connections into advanced multiterminal and multipurpose networks, promising the realization of the vision of meshed offshore grids.
Today, power electronics solutions, including HVDC, play an essential role in integrating bulk renewable energy, decarbonizing power systems, and enhancing grid resilience and flexibility. As the demand for renewable energy surges, power electronics, such as STATCOM, Enhanced-STATCOM and energy storage solutions, coupled with interconnectors between regions and countries, ensure grid security and reliability as both system voltage and frequency can be stabilized effectively in varying weather conditions.
“Power electronics are transforming how we approach energy systems, enhancing grid stability and supporting the global shift toward sustainable energy,” said Niklas Persson, Managing Director, Business Unit Grid Integration, Hitachi Energy. “Power Electronics & Energy Days highlights that the technology is ready now. It is a question of key energy stakeholders collaborating to employ power electronics at speed and scale. At Hitachi Energy, we are committed to driving the innovation and co-creation that empowers countries to build resilient and efficient energy infrastructures.”
At this year’s Power Electronics & Energy Days, Hitachi Energy showcases its cutting-edge power electronics solutions, designed to meet the challenges of modern grids, which include the increased penetration of renewables, decentralization of power generation as well as the electrification and decarbonization of traditional fossil-based industries. The event emphasizes that power electronics are not just a part of the future – they are pivotal in driving today’s energy transition, ensuring that countries worldwide can meet their Net-Zero targets and build sustainable energy infrastructures.
Bringing together key players in the energy transition, the event advocates for more renewables and stresses that the technology needed for the energy transition is available now, challenging countries and stakeholders to prioritize their adoption and warning against falling behind in the evolution of the energy system.The post How power electronics are shaping the future of energy appeared first on ThaiResidents.com - Thai Local News - Thai News.
28 October 28 2024HIGHLIGHThttps://thairesidents.com/?p=50584 - The Third International Summit on BDS Applications Kicked Off in Zhuzhou
The 3rd International Summit on BDS (BeiDou Navigation Satellite System) Applications held in Zhuzhou from October 24th-25th. With the theme
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The 3rd International Summit on BDS (BeiDou Navigation Satellite System) Applications held in Zhuzhou from October 24th-25th. With the theme of “Sharing the World, Sharing BDS,” the Summit aims to establish a platform for industry leadership and policy announcement, a platform for international promotion and cooperation, a platform for the exchange and announcement of cutting-edge technologies, and a platform for industrial integration and the demonstration of application achievements.
Hunan, as a pivotal force in the development of the Beidou Navigation Satellite System (BDS), has participated in the construction of the Beidou-1, Beidou-2, and Beidou-3 systems throughout the entire process, contributing Hunan’s wisdom and capabilities to the global networking and stable operation of the BDS. In recent years, Hunan has fully promoted technological breakthroughs, achievement transformations, project collaborations, large-scale applications, and industrial agglomeration in the field of Beidou technology. It has advocated the spirit of the new era’s Beidou, striving to become a national leader in Beidou technological innovation, a demonstration area for large-scale Beidou applications, and a high-quality development cluster for the Beidou industry.
This summit attracted 9 academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering in the fields of domestic satellite systems, rockets, operational control, and data application and 85 foreign delegates from the African Union, Laos, South Korea, France, and Cote d’Ivoire. This summit also invited multiple companies to participate in industry matching activities, resulting in the signing and announcement of 142 projects with a total investment of 58.2 billion yuan.
A bluebook on the development of the BeiDou industry was also released during the opening ceremony. “BDS services and related products have been exported to more than 130 countries, providing users with diversified choices and better application experience and promoting industrial development,” the bluebook stated. China actively participated in the formulation of international standards, and a number of international standards related to the BDS have been successively published. These standards have laid a solid foundation for the industrial development and application in multiple key areas such as civil aviation, satellite-aided search and rescue, maritime affairs, and mobile communications.
Source: The Organizing Committee of the Summit on BDS Applications
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27 October 27 2024WORLDhttps://thairesidents.com/?p=50580 - Experience the Art of Gelato Mastery
A One-Night-Only Culinary Journey with Gelato Master Massimiliano Scotti at Vertigo TOO Immerse yourself in a bold new world of
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A One-Night-Only Culinary Journey with Gelato Master Massimiliano Scotti at Vertigo TOO
Immerse yourself in a bold new world of Italian gelato at the exclusive one-night-only event at Vertigo
TOO. Experience a fusion of cutting-edge innovation and culinary artistry, exceptionally crafted by the
world-renowned gelato master Massimiliano Scotti, the Best Gelato Maker in Europe and winning the
4th place as the World’s Gelato Master ranking by Gelato Festival World Ranking 2024.
This gastronomic event, the first of its kind in Asia, is a must-do experience for culinary enthusiasts, food
adventurers, and gelato lovers. Scotti will take you on a captivating journey through his masterpieces
where sweet and savory flavors are masterfully combined. Sparkling the evening with 6 delectabledishes highlighting the Spaghetti Pink Punk, the al dente spaghetti perfectly blends with the rich flavors
of garlic, olive oil, chili pepper, beetroot, and butter while elevating the palate with anchovy gelato,
lifting the tantalizing creamy texture. Creatively dive into the seafood world with the Fisherman’s Bread
Crumble, the succulent prawns and melted mozzarella resting on a crunchy bed of golden bread
crumbles while unique pairing with a trio of tomato gelato.
Reserve your spot for a one-of-a-kind evening that promises to inspire your culinary imagination,
exclusively on 6 November 2024 at Vertigo TOO. Indulge in 6 menus of fashionable savory and sweetgelato-based appetizers at THB 1,190 net per person, with individual wine and cocktail pairings.
For high resolution images, please download Chef Scotti
For more information:reservations please contact 0 2679 1200 or email hostessesbangkok@banyantree.com
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26 October 26 2024AROUND TOWNhttps://thairesidents.com/?p=50572 - Dine Terrifically Thai as Ginger Celebrates Loy Krathong
Celebrate the colours and flavours of the Loy Krathong Festival at Ginger, on Friday, 15 November 2024. With the floating
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Celebrate the colours and flavours of the Loy Krathong Festival at Ginger, on Friday, 15 November 2024.
With the floating of magnificently made vessels of leaves, flowers, and candles, Loy Krathong is an iconic Thai holiday. Paying tribute to the River Goddess, Thais make sure to head to the waterside during the festival as well as come together to share their most delicious dishes.
Ginger is excited to uphold all the beautiful traditions of Loy Krathong by featuring some of its most essential recipes as part of the venue’s already remarkable buffet.
Highlights at the buffet include a live Thai salad station drumming up classic Thai green papaya salad as well as the zesty Thai spicy seafood salad. At the carving station, will be a baked whole sea bass stuffed with aromatic Thai herbs.
Adding to the impressive spread is a warming braised fish maw soup and rich red curry with roasted duck, eggplant and basil.
Diners can also enjoy freshly barbecued Tiger prawn, marinated squid, chicken satay, beef steaks, and even salmon with garlic and fresh herb. All for the price of only THB 799++ per person.
The Loy Krathong Festival dinner buffet is available at Ginger on 15 November 2024 from 18.00 to 22.30 hours.
Ginger is located on the Lobby level of Holiday Inn Bangkok.
For reservations and inquiries, please contact Holiday Inn Bangkok at dining.bkkhb@ihg.com or by calling +66 (0) 2 656 1555.
For more information, please visit HolidayInn.com/HIBangkok
Prices are in Thai Baht and subject to 10% service charge and applicable government taxes.
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25 October 25 2024AROUND TOWNhttps://thairesidents.com/?p=50576 - Beam: Revolutionizing payments in Thailand
Beam, one of Thailand’s fastest-growing fintech startups, is responding to the continued e-commerce boom with a comprehensive payment platform that
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Beam, one of Thailand’s fastest-growing fintech startups, is responding to the continued e-commerce boom with a comprehensive payment platform that streamlines cumbersome processes, making transactions faster, more convenient, and more secure. This platform caters to businesses of all sizes, reinforcing Beam’s mission to build ‘The World’s Simplest Ways to Checkout.’
Win Vareekasem, CEO and Co-Founder of Beam, stated, “We are going through an inflection point in time with the rapid growth of consumer digital payment adoption and the rise of social commerce. As a result, payments have become a fundamental catalyst for the stores to thrive in this modern day.
Historically, payment acceptance and security have been key, while they remain true today, ‘convenience’ has grown to be a top-tier consideration factor. For instance, prevalent journeys today such as sharing of account numbers or QR code images to make payments is a lengthy process that takes minutes for customers to pull out their phone, unlock the app, scan QR, show proof of payment, etc. while the merchant also faces potential fraud and reconciliation issues behind the scenes. This process fraught by friction causes frustration and low payment conversions.”
Beam has taken the steps to address these issues by building a payment platform for merchants that offers a wide range of payment methods, including domestic and international cards, installments, mobile banking, QR PromptPay, and e-wallets. Each of which focuses on ensuring payments can happen in a frictionless manner, for example, bank transfers in a few clicks. Their platform covers all sales channels, including platforms, social commerce, websites, marketplaces, and physical stores. Moreover, merchants are able to seamlessly manage payments efficiently through their merchant web app, Lighthouse.
These are the early steps that not only address market needs but demonstrates the potential to revolutionize the payments industry in the coming era. As a result, Sequoia Capital (Peak XV), one of the world’s leading investment firms, has invested over 150 million baht, backing Beam’s mission and growth across Thailand and Southeast Asia.
With a starting fee of 1.8% for credit card payments, no fees for QR PromptPay transactions, and no other hidden fees, Beam plays a significant role in genuinely supporting business growth. By focusing on solutions, Beam has earned the trust of over 1,200 leading brands, growing its annual revenue from zero to 100 million baht within just three years. Currently, Beam processes over 5 billion baht in payments per year.
While previously Beam has pioneered the launch of One-Click Checkout for social commerce and websites, enabling customers to pay with a single click. In the near term, Beam plans to introduce ‘One-Tap Payment,’ to simplify payment at physical stores by allowing customers to simply tap their card to complete payment well in line with their mission.
“In an increasingly competitive business environment, we are driven to offer merchants that X factor they need to close sales effectively, efficiently and boost loyalty. All while pushing the bar higher for payment security, and ensuring that our merchants’ and partners’ operations are streamlined behind the scenes. We are proud to be the trusted payments provider for existing merchants, major brands across the country, and are ready to support more merchants and partners in their growth journey” Win concluded.
Want to know how Beam can make payments easier for your business? Find the answer at the website https://www.beamcheckout.com/
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24 October 24 2024WORLDhttps://thairesidents.com/?p=50567 - 3 kidnapped Chinese students released, safe
THREE Chinese students who were tricked to deliver goods from Mae Sot town on the Thai-Myanmar border to Bangkok then
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THREE Chinese students who were tricked to deliver goods from Mae Sot town on the Thai-Myanmar border to Bangkok then kidnapped and taken to Myawaddy town just across the Moei river in Myanmar were released after part of the ransom was paid and rescued by police while walking in a forest, Amarin TV said late yesterday (Oct. 23).Pol. Maj. Gen. Noppasin Poolsawat, deputy commissioner of the Metropolitan Police, said the gang of kidnappers included Thais and they were being tracked down and prosecuted. He is confident this incident would not affect Thai tourism as this is only a small criminal gang.
The three students, Mr. Chi, 18, Mr. Yu, 20, and Ms. Sun, 18, are studying at a well-known university on the Thonburi side of Bangkok with their friends and a lecturer alerting Thammasala police station that they had been kidnapped.
They told police that they had been looking for work while waiting for the new semester to start and were contacted by a friend that they would be paid 100,000 baht to carry goods from Mae Sot to Bangkok and agreed to do so without knowing what the goods were.
On Oct. 17 they flew from Don Mueang Airport in Bangkok to Mae Sot town arriving there at 10.30 a.m. and then went to stay at a resort. At 5 p.m. a car came and took the three of them to a narrow channel opposite Phop Phra district. Then at 9 p.m. their friend got a message that they had been kidnapped and were being held at an office in Myanmar so contacted a lecturer and police.
The victims related that they were held by six to seven men, three of whom were armed and threatened to harm them. They were told to contact their parents to transfer 300,000 yuan, or 1.5 million baht, ransom if not they would be sent to a call centre gang.
Ms. Sun contacted her mother who transferred 100,000 yuan, or approximately 470,000 baht, but the other two were also released without any money being transferred with police finding them walking a forest in Mae Sot.
CAPTIONS:
Top and Front Page: The three Chinese students walking down a road.
Insert: The police team that searched for and found the students. Photos: Amarin TV
This report originally appeared at www.thainewsroom.com
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24 October 24 2024AROUND TOWNhttps://thairesidents.com/?p=50562 - Police hunting for 3 Chinese students held for ransom in Myanmar
POLICE are working out ways to track down and bring back three Chinese students who were tricked into going to
The post Police hunting for 3 Chinese students held for ransom in Myanmar appeared first on ThaiResidents.com - Thai Local News - Thai News.
POLICE are working out ways to track down and bring back three Chinese students who were tricked into going to Myanmar and are now being held for ransom there, TV Channel 3’s 3PlusNews said this evening (Oct. 21).Pol. Lt. Gen. Thiti Sangsawang, commissioner of the Metropolitan Police Bureau, ordered his deputy, Pol. Maj. Gen. Noppasin Poolsawat, and Pol. Col. Boonroj Lojaya, superintendent of the Thammasala police station, to hold a meeting and solve this kidnapping for three Chinese from a well-known university in Thonburi side of Bangkok.
They were identified as Mr. Yu, 20, Mr. Chi, 20 and Ms. Sun, 18.
At 5 p.m. yesterday a lecturer from this university filed a complaint at Thammasala police station that a first-year Chinese student, Mr. Lee, had contacted him via WeChat app to report that his three Chinese friends were being held for ransom.
All he knew was that the three of them were travelling to deliver unknown items to an unidentified person and were to be paid for doing so.
Later his friends told him that they needed 300,000 yuan, approximately 1.5 million baht, to pay the ransom and to send this money to their location, which was in Myanmar. They added that if the ransom was not paid the three of them would be taken to KK Park.
KK Park is a fraud factory located in Myawaddy next to the Moei river on the Myanmar–Thailand border. The complex is a major hub of Internet fraud and human trafficking, Wikipedia said.
Upon being questioned by the police, Lee said he spoke over the phone to one of the three kidnapped fellow students but was not sure who it was. This person mentioned crossing the Moei river to Myanmar to deliver the items.
Then at 9 p.m. on Saturday (Oct. 19) he received a message from his friends to transfer 1.5 million baht ransom. As they were in danger he decided to contact the police.
Pol. Maj. Gen. Noppasin said he will personally attend a follow-up meeting at 11 a.m. tomorrow and initially has set up an investigation team and coordinated with the Immigration Bureau and other relevant agencies to urgently track down and help the three Chinese students.
CAPTION:
Thai police holding a meeting on the kidnapping of three Chinese students. Photo: 3Plus News
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22 October 22 2024AROUND TOWNhttps://thairesidents.com/?p=50558 - iCon Group programmer ‘transferred billions of baht before arrest’
AFTER court ordered the detention of all 18 The iCon Group executives yesterday (Oct. 17) with 17 of them taken
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AFTER court ordered the detention of all 18 The iCon Group executives yesterday (Oct. 17) with 17 of them taken straight to prison while the big boss, Mr. Woratphon Waratvorakul, or Boss Paul, was still being questioned by police, it was alleged more than US247 million, or over 8.223 billion baht, was transferred out the country by the company’s programmer just an hour before he was rounded up, 3PlusNews said.Mr. Ekkapop Luengprasert, an adviser to the Interior Minister and founder of Sai Mai Tong Rod (Sai Mai District Must Survive) community Facebook page, said in a post shared at 2.47 a.m.that, “An unusual money trail – over US$247,911,936, worth more than 8,223 million baht, was transferred out just an hour before ‘Coach Lab’ of The iCon was arrested.”
Coach or Boss Lab is the nickname of Mr. Jiravat Saengphakdi, the direct sales company’s programmer, who is among the executives detained for an initial 12-day period.
A Department of Special Investigation (DSI) team raided two places used to store iCon Group’s data on cloud storage server and hold the company’s website data.
The first was a rented building on Ratchada-RamIntra road, Bueng Kum district, and the second a four-storey building in Thanyaburi, Pathum Thani, housing Serverich Co., Ltd which is a company owned by Coach Lab with various servers kept on the second and third floors.
However neighbours told police that Severich employees had moved out some computers, servers and equipment last Sunday. Nevertheless there are still a lot of devices in the building that could provide useful information for the case.
Among the 18 iCon Group executives ordered detained are Mr. Yuranant Pamornmontri, or Boss Sam, a veteran actor, Mr. Kan Kantathavorn, or Boss Kan, a famous presenter, Ms. Pechaya Wattanamontri, or Boss Min, a famous actress.
CAPTION:
The iCon Group executives being taken to prison yesterday, Oct. 17, 2024. Photos: Amarin TV
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21 October 21 2024MONEYhttps://thairesidents.com/?p=50551 - Beer Republic Goes Monster Mad for Halloween 2024 At Holiday Inn Bangkok
Prepare for a spine-tingling adventure this 30 and 31 October, as Beer Republic unleashes a bewitching array of monstrously mouth-watering
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Prepare for a spine-tingling adventure this 30 and 31 October, as Beer Republic unleashes a bewitching array of monstrously mouth-watering dishes and drinks for Halloween 2024.
Be brought to life this All Hallows Eve at the Holiday Inn Bangkok known for its extensive list of beer labels and frighteningly fun atmosphere.
For food, it’s a feast of spooky icons starting from only THB 250++ per dish. Unlock the flavours within the Mummies Sausage Rolls, pork sausage wrapped in puff pastry with a mustard dip. Sure to creep into your dreams, the Freddy Finger Hell Salad is a spicy Thai mix of chicken and vegetables with a fiendish twist. Making the selection a trilogy of terror is the Jason Burger, a Wagyu beef hamburger with bacon, egg, cheese, and tomatoes served with expertly sliced fries.
Adding to Beer Republic’s eerie brews are THB 300++ per glass cocktail creations. Turned red with raspberry and pomegranate are the Jose Cuervo based Red Bat, Absolut blue vodka forward Witch Tea, and the Beefeater Gin headlining Death Mountain.
The Bloody Cranberry, Ghost Fizz, and Red Rock mocktails are also available at only THB 160++ per glass for the faint of heart.
Dare to brave Beer Republic on the final Wednesday and Thursday of October as its Halloween menu thrills and chills from 11.30 hours through to midnight.
Beer Republic is located on the Ground Level of Holiday Inn Bangkok.
Please note that in accordance with Thai regulations, alcoholic beverages will not be available between 14.00 to 17.00 hours.
For reservations and inquiries, please contact Holiday Inn Bangkok at dining.bkkhb@ihg.com or by calling +66 (0) 2 656 1555.
For more information, please visit HolidayInn.com/HIBangkok.
Prices are in Thai Baht and subject to 10% service charge and applicable government taxes.
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19 October 19 2024AROUND TOWNhttps://thairesidents.com/?p=50537