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High value-added economy in focus

Ocean Hugger returns, partners with Nove to distribute plant-based seafood analogs

Share Plant-based seafood analog maker Ocean Hugger Foods, which shut down last summer due to the COVID-19 pandemic, is back via a new partnership with plant-based food manufacturer Nove Foods.  Ocean Hugger Foods said last June deteriorating business conditions caused by the coronavirus pandemic forced it to shut down operations. Then, in September, the company said it would relaunch sometime in 2021. Now, Ocean Hugger Foods and Thailand-based food manufacturer Nove Foods Ltd., a wholly owned subsidiary of NR Instant Produce Public Company Limited (NRF), have formed Ocean Hugger, Inc. The two companies did not disclose the financial terms of the partnership.

Point of no return

Point of no return Point of no return Campaigners are hoping to raise public awareness about waste in a bid to avoid a looming climate catastrophe published : 1 Mar 2021 at 04:30 4 The world has about six years and 10 months left before its carbon budget the amount of carbon dioxide that can be released into the atmosphere at the current rate will be completely depleted. Unless human beings join hands to limit global warming under the 1.5C safe threshold, they will face worsening famines, disasters, and displacement. The climate clock by two artists, Gan Golan and Andrew Boyd, in Manhattan s Union Square, is a stark reminder of how destructive and fragile we are.

Thai Airways seeks B50bn infusion under debt revamp

Thai Airways seeks B50bn infusion under debt revamp 12 published : 1 Mar 2021 at 17:39 12 An Airbus A-350 aircraft sits on a tarmac of Suvarnabhumi airport on Wednesday. (Photo by Somchai Poomlard) Thai Airways International Plc is seeking a capital infusion of as much as 50 billion baht under a debt restructuring plan set to be submitted to the Central Bankruptcy Court to keep the flag carrier operational, according to people familiar with the matter. The fund may be raised through equity, loans or convertible securities, said the people, who asked to not be identified before the debt plan is submitted to the court on Tuesday. The capital infusion plan will need to be backed by the airline’s hundreds of credit-holders and approved by the court, they said.

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