Tag: Plan
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Civil Engineering PCL (SET: CIVIL) begins SET trading on 27 Jan
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That capability is resulting from the company's focus on employing technology to raise efficiency in managing diverse construction projects both in terms of types and sizes; delivering quality and safe works within the specified budget.
CIVIL is also aggressively pursuing public and private projects, along with increasing revenues from its production and distribution of construction materials on its pathway to become a leading construction company with sustainable growth while driving the Thai economy and society.
Piyadit Atsavasirisuk, Chief Executive Officer of CIVIL, expressed confidence that CIVIL's shares would receive enthusiastic response on the first trading, backed by the company's track record dating back to over 50 years with over 1,000 large-scale construction projects and major infrastructure schemes being successfully executed.
CIVIL's experience and expertise are in railway works, double-track railways and high-speed trains; airports; dams and reservoirs; Industrial estates; and other infrastructure construction which aims to use modern technology and innovations to increase business efficiency.
The company has also leveraged of its competitive advantages in terms of civil engineering personnel, machinery and equipment and its own manufacturing plants of building material parts. Those elements have allowed CIVIL to manage project construction costs efficiently, providing quality works within the set budget.
The company has therefore earned the trust from government agencies as a top-rank contractor to underscore its ability to manage large infrastructure projects. CIVIL has planned to introduce modern technology, new methods, modern machinery and tools to constantly take its construction project management to the next levels.
The company is striving to achieve the 'Economy of Speed' by employing technology to plan the construction projects from start to finish, as well as adopting modern management principles emphasizing on agility and resilience to adapt to the changing industry.
That will enable CIVIL to increase its capabilities to support the government's large-scale infrastructure construction expansion plans, in the forms of bidding for projects, participating in public-private investment projects (PPP), and forming business partnership to manage large government projects and expanding works to private clients.
These plans are geared towards capturing opportunities arising from the country's growing construction industry, striking a balance between construction business and construction project management conducive to generating good returns in terms of gross profit and net profit margin that is consistently outstanding.
At the same time, CIVIL has also applied technology to its plants that make precast concrete, ready mix concrete, asphaltic concrete, pre-stressed concrete and corrugated steel railings (for road-side car barriers) and sewers. This is all about creating good growth for the business group producing and selling construction materials for distribution to business partners and for managing construction projects.
Meanwhile, the company has had its mining concession of limestone, which is the main raw material for construction and cement making, renewed - a move that has enabled CIVIL to maintain good cost management advantages in construction projects.
Piyadit said: "We aim to become a leading construction company with sustainable growth, by applying modern technology to enhance the operational potential in all dimensions to support the management of large-scale state infrastructure projects and private works. We are committed to delivering valuable and safe works under the specified budget to improve people's quality of life, advancing Thai economy and society."
Pichet Sithiamnuai, President of Bualuang Securities PCL, as a financial advisor and underwriter of CIVIL, noted that CIVIL has high growth potential with investment opportunities in the public sector's transportation infrastructure that is in a good growth stage.
This allows the company to tap its outstanding competitive advantages from using technology to enhance project management efficiency, creating an opportunity to participate in public construction projects and expanding its footprints on private schemes.
"All in all, this will enable CIVIL to maintaining the ability to generate good returns from operations. We believe that CIVIL deserves the status of a growth stock that will definitely receive a good response from investors," said Pichet.
Visit Civil Engineering PCL (SET: CIVIL) at https://www.civilengineering.co.th/en
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Phipop Khongwong (Top), T: +66-81-929-8864; E: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCivil Engineering PCL, Thailand's leading integrated construction and civil engineering firm, made a debut on the Stock Exchange of Thailand on Thursday (27 January) with the 'CIVIL' symbol.
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PlatoData, Government Blockchain Association (GBA) Form Alliance to Support the Growing GBA Community
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"It's a great honor to be part of such a wonderful and entrenched organization such as the GBA," stated Bryan Feinberg CEO of Plato. "The Impact GBA is playing across the Government Enterprise market is substantial and represents what we consider a best of class opportunity to support the GBA community with integrated access to Plato's Data Platform. Our goal as a company is to help those communities in need of both awareness and understanding of the regulatory compliance our industry faces on a daily basis. Our plan is to extend Plato's extensive data repository to all GBA members and to support members with a full suite of news, analytics and electronic content syndication."
Gerard Dache, GBA's executive Director said, "We have had the pleasure of working with Plato over the past year and are extremely excited about what this opportunity represents to the GBA community. Plato represents everything we expect out of partner relationship as it relates to innovation, trust and a commitment to driving commercial adoption of Distributed Technologies and Regulatory Compliance. We are happy to extend out continued support the global community we represent."
About Plato
Plato is an open intelligence repository and data platform that unlocks the power of Vertical Search in a highly scalable way. The platform is designed to provide an ultra-safe and secure environment to consume sector-specific real-time data intelligence. More information can be found at: https://platoblockchain.com
About GBA
The Government Blockchain Association (GBA) is an international nonprofit professional association. GBA focuses on its members as individuals and organizations that are interested in promoting blockchain technology solutions across to the government sector. GBA cultivates professional workflows between technologists, public policy makers, application specialists, and those who want to learn about the new and emerging digital currencies. More Information: https://gbaglobal.org/
Source: Plato Data Intelligence: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe partnership extends the working relationship between both organizations across Plato's growing data ecosystem.
Myanmar Government Approved USD 3.82 Billion in Foreign Investment and USD 651 Million in Domestic Investment in First Year of State Administration Council
The Ministry of Information (MOI) and the Ministry of Investment and Foreign Economic Relations (MIFER) released the latest investment figures for the country for the period between 1 February 2021 - when a Proclamation was issued - and 20 January 2022.
The SAC was formed on 2 February 2021, a day after the Proclamation was issued after the failure to settle the issue of voter list fraud and malpractices in the 8 November 2020 elections, and to postpone parliament sessions. A state of emergency was declared in accordance with Article 417 of the 2008 Constitution of Myanmar.
Despite destruction of public property, attacks on Government personnel and attempts to sabotage the domestic economy by the so-called People's Defense Force - with clear support from foreign elements - the SAC had largely restored national stability by the second half of 2021.
Myanmar faced a second crisis, a health pandemic that arose from the outbreak that was first detected in the country in March 2020. However, due to intense efforts to contain COVID-19, schools, universities have reopened, and most commercial activities have resumed in recent months with the vaccination of at least 60% the country's population (above 18 years) to date.
The MOI and MIFER said among the 50 domestic (citizens') investments approved in the past year, seven were for projects in the services sector with investment value of USD 427.34 million equivalent and 29 were for manufacturing projects with investment value of USD 74.58 million equivalent. The mining, power and construction sectors also attracted sizeable citizens' investments during this period.
Foreign investments approved in the past year included a USD 2.5 billion project to construct a liquefied natural gas (LNG) power plant, the two Ministers said.
The People's Republic of China (PRC), apart from being the largest trading partner of Myanmar, is the largest foreign investor in the country. Among the non-PRC foreign investments approved in the past year were one from Japan (USD 516.43 million), four from Singapore (totaling USD 442.20 million), two from Thailand (totaling USD 75.50 million) five from South Korea (totaling USD 66.17 million) and seven from Hong Kong (totaling USD 60.09 million).
The Government estimates that the foreign investments over the past year led to the creation of 25,383 new jobs while domestic investments added a further 11,879 new jobs, or a total of 37,262 jobs.
Myanmar Government is accelerating efforts to improve trade flows with and investments from countries such as Russia that, until recently, have not been among its leading economic partners. Prior to the pandemic, which curtailed business travel and activities, Myanmar-Russia bilateral trade had increased 30% in FY2019-2020 (November to October) compared to the year earlier.
Despite the challenges of the pandemic Myanmar and Russia are actively formulating a Bilateral Strategy for Development of Economic Cooperation. The latter has already led to a first virtual business matching session attended by dozens of business leaders from both countries last September. A second such virtual session will be held on 31 January 2022.
The two countries, which signed an Inter-Governmental Joint Commission for Trade and Economic Cooperation in August 2014, plan to hold its third Joint Commission meeting, physically, in Nay Pyi Taw in the near future.
Russian corporations have invested USD 94 million in Myanmar, mostly in the oil and gas sector, and the country currently ranks 22nd out of 52 foreign investors. Myanmar Government will support the extension of Russian investment interest to sectors such as mineral processing, solar energy, railway and ICT, aviation, automobiles and tourism.
"Economic recovery is a major priority as the country recovers from two crises and prepares for multi-party elections to be held by August 2023," said MOI Minister Mr. Maung Maung Ohn and MIFER Minister Mr. Aung Naing Oo in their joint statement.
"Due to good weather, Government financial support such as concessionary loans, and the relatively low impact of the pandemic compared to other sectors, the agriculture, fisheries and livestock sectors are reporting healthy growth. As workers return to workplaces in the past few months, the influx of new domestic and foreign investments will also contribute to job creation," they said.
These factors along with national stability and improved vaccination rates will help Myanmar register a modest economic recovery in 2021-2022 after a single-digit contraction of its Gross Domestic Product in 2020-2021 - which is less dire than forecasts of some international economists.
"While certain quarters of the international community publicly discourage economic cooperation with Myanmar, the country continues to record substantial trading volume as well as domestic and foreign investments. Many of our foreign partners choose to work quietly with us, fully recognizing Myanmar's economic potential as well as its unique challenges," the two Ministers said.
"We have shared with foreign partners our efforts to deal with economic sabotage in the form of attempts to boycott Government revenue, shake confidence in financial institutions and destabilise the kyat. Despite these challenges, our Ministries and Government departments have been working diligently away from public glare to increase trade and investment flows," they added. "These efforts have clearly borne fruit and we seek to increase such activities domestically and with foreign partners."
* All equivalents based on exchange rate of approximately USD1.0 to 1,771 kyat as at 26 January 2022.
Issued by Ministry of Information, Union Government of Myanmar
Please see https://www.moi.gov.mm/moi:eng/announcements/5962
Contact [email protected] or [email protected].
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe Myanmar Government said today it has approved USD 3.82 billion of foreign investments and USD 651 million equivalent(1) in domestic investments in first year since the State Administration Council (SAC) took office. The investment commitments underscore confidence in the country's economic potential amid a return to national stability and efforts to increase vaccination rates to contain the COVID-19 pandemic.
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