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Friday, September 27, 2024

Dusit International partners with Paljor Global Corp for South Asian expansion


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Building on their successful collaboration at Dusit Princess Kathmandu hotel, both companies aim to introduce more Dusit brands and businesses in Nepal – and throughout the region. 


Dusit International, one of Thailand’s leading hotel and property development companies, has signed a strategic partnership agreement with Paljor Global Corp Private Limited, a leading Nepalese investment firm and luxury carpet manufacturer, to seek opportunities to introduce Dusit’s diverse offerings in Nepal and throughout South Asia. 

Building on their successful collaboration at Dusit Princess Kathmandu—owned by Paljor Global Corp and managed by Dusit International—the partnership aims to leverage Paljor Global Corp’s strong presence in the South Asian market to identify and secure hotel projects for management by Dusit Hotels and Resorts, establish distribution channels for Dusit Foods, and collaborate on hospitality education initiatives through Dusit Hospitality Education.

Alongside Dusit Princess Kathmandu, Dusit International also operates the luxury Dusit Thani Himalayan Resort Dhulikhel in Nepal. Both properties opened in July last year. In the hospitality sector, Paljor Global Corp also owns Hotel Tibet Pvt. Ltd., Hotel Tibet International Pvt. Ltd., and Yakety Yak Hostel, Kathmandu. 

To further Dusit’s presence in the country, Paljor Global Corp will leverage its network to find opportunities for Dusit’s established brand lineup that includes Dusit Thani (luxury), dusitD2 (lifestyle/midscale), Dusit Princess (midscale), Dusit Suites (upscale/long stay), and ASAI Hotels (affordable lifestyle), as well as recently launched brands Devarana – Dusit Retreats (wellness luxury), and Dusit Collection (bespoke luxury). Beyond Nepal, Paljor Global Corp will actively seek hotel projects for Dusit’s brands in countries such as Bangladesh, Myanmar, Sri Lanka, Tibet, Bhutan, and northeast India, where Dusit has either yet to establish a presence or is in the early stages of expansion.

Additionally, Paljor Global Corp aims to collaborate with Dusit’s hospitality education institutions, including Dusit Thani College, which offers a competency-based curriculum rooted in industry-driven learning, and The Food School, Thailand’s first multinational culinary school, to develop and launch a vocational education programme that will help to elevate the next generation of hospitality professionals and empower them to build successful and fulfilling careers.

Dusit and Paljor Global Corp will also seek opportunities for Dusit Gastro, a subsidiary of Dusit Foods, which sources premium ingredients such as organic rice from small-scale farms in northeastern Thailand, and offers high-quality ready-to-cook products, including curry pastes, par-baked pastries, and innovative frozen items, to bring its various products to the hotel, restaurant, cafĂ©, and catering industry in Nepal. 

Leveraging the growing number of Nepalese tourists to Dusit’s home base of Thailand, Paljor Global Corp also aims to create travel packages that include stays at Dusit Hotels and Resorts and visits to local attractions. 

“This strategic partnership underscores Dusit's commitment to South Asia and its ability to leverage strong local partnerships to drive growth and innovation in the hospitality industry,” said Mr Gilles Cretallaz, Chief Operating Officer, Dusit International. “By joining forces with a trusted partner like Paljor Global Corp, we are confident in our ability to deliver exceptional hospitality experiences that resonate with the local market and contribute to the region's economic development. Together, we will create lasting memories, inspire future generations, and bring food products to market that sustainably meet the needs of the industry.”

Mr Dorje Gyalsten Lama, Chairman, Paljor Global Corp Private Limited, said, “We are thrilled to deepen our collaboration with Dusit International and expand our shared vision across South Asia. By exploring opportunities for Dusit's exceptional hospitality, education, and culinary offerings, we aim to not only enhance the lives of guests, students, and communities but also set new benchmarks for service and sustainability in Nepal and the region. This collaboration reinforces our commitment to creating meaningful experiences that uplift lives and inspire future generations.”

Ms Dolma Tsering Lama, Managing Director, Paljor Global Corp Private Limited, said,

“Together, with Dusit Education and Dusit Foods, we aim to make a significant impact. This partnership is not just about expansion; it's about enhancing lives through education and culinary excellence.”

The signing ceremony was held at Baan Dusit Thani in Bangkok. Pictured (from left): Mr John Lohr, Executive Director of External Affairs, Dusit Thani College; Mr Siradej Donavanik, Vice President – Development (Global), Dusit International; Mr Gilles Cretallaz, Chief Operating Officer, Dusit International; Mr Dorje Gyalsten Lama, Chairman, Paljor Global Corp Private Limited; Ms Dolma Tsering Lama, Managing Director, Paljor Global Corp Private Limited; Ms Manisa Mitpaibul, Managing Director, Dusit Foods. 

Dusit International’s impressive portfolio includes over 300 properties under eight distinct brands: Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens, spanning across 18 countries worldwide, including Nepal.






Dusit International’s current presence in Nepal: (Images 1&2)

Image 1: Dusit Princess Kathmandu is located in the heart of the capital’s vibrant Lazimpat neighbourhood.

Image 2: Dusit Thani Himalayan Resort Dhulikhel is located in the Himalayan foothills between the Mahabharat range and Alpine highland ridge.

Image 3: Dusit Thani College in Bangkok, Thailand, offers nationally and internationally recognised Thai and international degree programmes, an MBA programme, and non-degree programmes covering all aspects of hospitality, culinary arts, and tourism management.

Image 4: The Food School is the first institution in Thailand to offer multi-cuisine training and business incubation all under one roof. It brings together three globally recognised institutions – Dusit Thani College, Tsuji Culinary Institute, and ALMA. 

Image 5: Dusit Gastro, under Dusit Foods, sources premium ingredients such as organic rice from small-scale farms in northeastern Thailand, and offers high-quality, ready-to-cook food products such as curry pastes, par-baked pastries, and innovative frozen items.

 

About Dusit International

Established in 1948, Dusit International or Dusit Thani Public Company Limited (DUSIT) is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: hotels and resorts, hospitality education, food, property development, and hospitality-related services. 


The group’s portfolio of hotels, resorts and luxury villas includes more than 300 properties operating under a total of eight brands (Devarana – Dusit Retreats, Dusit Thani, Dusit Suites, Dusit Collection, dusitD2, Dusit Princess, ASAI Hotels, and Elite Havens) across 18 countries worldwide. The group also operates culinary schools and hospitality colleges in Thailand, plus catering companies for the education sector in Thailand, Cambodia, and Vietnam.

Dusit International’s diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion, and diversification.

For more information, please visit dusit-international.com.


About Paljor Global Corp Private Limited

Paljor Global Corp Private Limited is committed to driving innovation and excellence in all its endeavours under the visionary leadership of the Chairman (Mr Dorje Gyaltsen Lama). The company is dedicated to enhancing the hospitality industry in the region. With a strategic focus on partnering with leading hotels, Paljor Global Corp aims to elevate standards and deliver exceptional experiences. In collaboration with Dusit International, Paljor Global Corp continues to strengthen its portfolio and expand its reach in the sector.



Biochar Project in Cambodia to Generate 10,000t CO2e CDR Carbon Credit Annually from 2025


Midori Climate Partner Pte. Ltd. (Headquarters: Singapore) has partnered with CSNC Agriculture Co., Ltd., an agricultural commodity trading firm that recently launched a cashew nut processing factory in Kampong Thom, Cambodia, to initiate a biomass waste management project. This project will produce biochar to improve degraded soils while generating carbon credits, promoting sustainable agriculture, and supporting climate change mitigation efforts.

Through its application as a soil amendment, the project is expected to enhance soil quality and generate 10,000t CO2e of carbon credits annually from carbon removal activities. This initiative will contribute to Cambodia’s sustainable industrial development and environmental protection.

Expanding Biomass Suppliers

The project will primarily use cashew nut shells as biomass waste to produce biochar. In addition to cashew nut shells, the project is actively seeking other sources of biomass waste within Cambodia. This includes pruned branches from rubber and cashew nut plantations, rice husks, durian shells, cassava residues, and mango seeds. Biomass suppliers who contribute to the project will be given priority for receiving biochar-based organic fertilizer, which can be used to increase crop yields and reduce chemical fertilizer usage.

Calling for Project Partners and Supporters

The biochar production machinery, a pyrolysis device, will be installed and operational the first half of 2025. The project is currently seeking donors and corporate carbon credit buyers to support its early-stage development. We welcome partners committed to promoting sustainable business growth through Cambodia’s circular economy, particularly within the cashew nut industry. For potential collaborators, please contact info@midori-partner.com

About Midori Climate Partner

Midori Climate Partner Pte. Ltd. is a carbon credit developer focused on ecosystem restoration and carbon credit generation, with a primary focus on Southeast Asia. Our initiatives include biochar soil application, agroforestry, and mangrove restoration, driving positive environmental impacts and global sustainability. Midori provides technical and financial assistance to processing factories, farmers, landowners, and communities to facilitate sustainable transitions in their operations, enabling them to earn additional income through climate finance. Please visit www.midori-partner.com for more information.

About Midori Climate Partner Pte. Ltd.

Representative: Ririko Takano, CEO
Website: https://midori-partner.com/
Address: 111 North Bridge Road #21-01 Peninsula Plaza 179098 Singapore

This press release has also been published on VRITIMES

Thursday, September 26, 2024

Bitcoin Price Reaches $63K+ After The Fed Interest Rate Cut Announcement


Bitcoin price rose quite sharply after the Fed announced a rate cut. At the same time, whales sold BTC in large amounts. How does this affect the BTC price?

Bitcoin price soaring up The Fed officially announced an interest rate cut. After struggling to reach $60,000 for a long time, BTC has now jumped to more than $63K.

Understand the current BTC price chart analysis. And is it true that there is a whale who sells BTC in large quantities? Check out the reasons and implications for the crypto industry.

Current Bitcoin Price Chart

When this article was written on September 20, 2024, the price of BTC to USDT is soaring at $63,749 with an increase of +2.93% in the last 24 hours. In the same period, BTC reached its highest point at $64,133.

The Bitcoin price chart above is taken from Market Bitrue. It can be seen that the graph gives a very positive signal for the current condition of BTC. In fact, the RSI number is far above 50. With the number 71.71, buying BTC tokens is becoming a popular trend compared to selling it.

The MACD indicator is also rising above the border line. The gap between the two lines indicating that BTC will soon experience an impressive bull run.

Current technical analysis is quite impressive. However, seeing that the flow of crypto coin prices is always fluctuating, you can always do research before making an investment. You must always do the DYOR technique.

To make it easier for you to do independent research, the Bitrue website can help you. Because, Bitrue provides easy access for you to check the price conditions of BTC and other crypto coins in real time.

Whales Selling BTC in Large Amounts

When the price of Bitcoin finally reached more than $63,000, a whale actually sold the BTC tokens he owned. No half-hearted, whate sold up to 1,030 BTC with a selling value of approximately $64.3 million on one of the global crypto exchanges.

This action certainly attracts attention. Moreover, BTC token holders are having fun celebrating the increase in BTC prices. However, selling tokens when their value rises is actually common in the crypto industry. This is a strategy to make a profit, especially when the token holder buys it when the price drops.

However, the slightest movement from investors in the crypto industry certainly has an impact on the state of the token. So, what is the impact of selling this large amount of BTC? Pay attention to the following points.

1. BTC prices can change along with selling large amounts of Bitcoin and affect the existing RSI indicator2. This BTC sale can trigger BTC price volatility

BTC and Its Popularity

After the Fed announced it would cut interest rates by 50 bps, Bitcoin prices tended to rise. This could trigger an increase in the prices of other tokens as well so that the crypto industry experiences a positive price shift.

Bitcoin is called the king of crypto for a reason. The reason is, when the price of BTC experiences an increase or decrease, the prices of other tokens will also be affected, both in positive and negative directions.

Even though when the price drops or during the Bitcoin halving the price of alternative coins will tend to rise because BTC dominance falls, Bitcoin's popularity remains brilliant. This oldest token will still be suitable for investment purposes.

When you are interested in investing in BTC, you can learn how to buy Bitcoin. Check prices Bitcoin to USD It can also be used as primary research to check current prices so that you can determine the appropriate allocation of investment funds according to your abilities.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

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