Thailand Finance – Aisa Net Wed, 22 Sep 2021 06:05:04 +0000 en-US hourly 1 Thailand Finance – Aisa Net 32 32 Industry body says Thai government needs to borrow additional 1,000 billion baht Wed, 22 Sep 2021 02:48:45 +0000

The president of the Federation of Thai Industries calls on the government to borrow an additional 1,000 billion baht to boost the economy in 2022. Supant Mongkolsuthree says more funds are desperately needed to revive an economy devastated by the fallout from the pandemic. According to a report from the Bangkok Post, he says the government’s borrowing of 500 billion baht earlier this year is not enough.

“The trillion baht loan decree is needed to stimulate the economy in 2022. Thailand should follow other countries to borrow more money to effectively restore the economy.”

The call echoes one made by the Bank of Thailand last month, when it said the government would need another trillion baht to restore the decimated economy and improve long-term growth prospects. In 2020, the government used the powers granted by the emergency decree to borrow 1,000 billion baht, which was used for various stimulus measures, followed by another loan of 500 million baht earlier this year.

The Bangkok Post reports that Finance Minister Arkhom Termpittayapaisith insists it is no longer necessary to borrow, but Supant disagrees, saying the money is urgently needed to help small and medium-sized businesses that have suffered greatly from Covid-19 lockdowns.

“SMEs are the backbone of our economy. Most SMEs have been severely affected by the pandemic. They really need the help of the government.

At the same time, the Standing Joint Committee on Commerce, Industry and Banking proposes to increase the guarantees of the subsidized loan scheme for SMEs by a ratio of 40% to 70% of the total line of credit, a proposal supported by Supant, who adds that the ratio should be 100% for companies that have been hit hard by the lockdowns.

THE SOURCE: Bangkok Post

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Rubber Market Size and Outlook 2020-2027 Tue, 21 Sep 2021 13:01:00 +0000

The main players covered in the rubber market are Von Bundit (Thailand), Sri Trang Agro-Industry (Thailand), Southland Holding Lonza (Thailand), Vietnam Rubber Group (Vietnam), Tradewinds Plantation Berhad (Malaysia), ARLANXEO (Pays- Bottom), Kumho Petrochemical Co., Ltd. (South Korea), PetroChina (China), TSRC Corporation (Taiwan), LG Chem (South Korea), Versalis (Italy), Dow Chemicals (United States), Tong Thai Rubber Group (Thailand), Ravasco (India) , Halcyon Agri (Singapore), Unitex Rubber (Thailand) and other companies featured

Pune, India, September 21, 2021 (GLOBE NEWSWIRE) – The world rubber market size is expected to reach USD 51.21 billion by 2027, with a CAGR of 5.3% during the forecast period. Rising demand for tires and other auto parts will simultaneously boost opportunities during the forecast period. The increasing use of rubber in a wide range of automotive products such as tires, shit tubes, adhesives, hoses, hoses, seals and roller coatings will further expand the scope of the market.

In addition, the increasing application in footwear, industrial products, construction, textiles and other consumer products will contribute to the expansion of the market. For example, the use of latex provides substantial protection against water, chemicals, electricity, shock and low temperatures. Moreover, its use in a variety of textiles and consumer products, such as tapes, protective covers, rugs and the like, will further promote the growth of the market.

Strong demand from the automotive industry due to its insulation property will propel the market growth during the forecast period. The market size was $ 40.77 billion in 2019.

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The best companies presented in the world Rubber market are:

  • ARLANXEO (Netherlands)

  • Kumho Petrochemical Co., Ltd. (South Korea)

  • PetroChina (China)

  • TSRC Corporation (Taiwan)

  • LG Chem (South Korea)

  • Versalis (Italy)

  • Dow Chemicals (United States)

  • Von Bundit (Thailand)

  • Sri Trang Agribusiness (Thailand)

  • Southland Holding Lonza (Thailand)

  • Vietnam Rubber Group (Vietnam)

  • Tradewinds Plantation Berhad (Malaysia)

  • Tong Thai Rubber Group (Thailand)

  • Ravasco (India)

  • Halcyon Agri (Singapore)

  • Unitex rubber (Thailand)

Browse a detailed summary of this research report with TOC:

Supply chain disrupted to cut business amid coronavirus

The coronavirus incident has resulted in the closure of production facilities and transportation restrictions. The disruption of supply and distribution can further limit the scope of the market. The main affected countries are China, India, Germany, Italy, Brazil and Canada. China is a big consumer of rubber. The constraint on the export and import activities of industrial rubber products and tires will act as an inhibiting factor for the development of the world market.

Regional analysis:

Increase in construction activity to support growth in Asia-Pacific

The market size in Asia-Pacific was USD 22.09 billion in 2019 and is expected to experience exponential growth rate during the forecast period. Growth in the region is attributed to increased production and consumption in India and China. Thailand is the largest producer of natural rubber. The thriving automotive and construction industry is expected to allow the market to expand rapidly in the region. The market in North America is expected to grow significantly due to the increasing demand in footwear applications. The growth of the automotive, chemical and textile industries is expected to create opportunities for the market in North America.

Key development:

june 2018: Kumho Petrochemical has announced that it has expanded its NB latex production capacity from 400 KT to 550 KT per year at its manufacturing facility in Ulsan.

Do your research before purchasing this research report:

Detailed table of contents:

  • introduction

  • Abstract

  • Market dynamics

    • Market factors

    • Market constraints

    • Market opportunities

  • Key ideas

    • Main emerging trends – for the main countries

    • Key developments: Mergers, Acquisitions, Partnerships, etc.

    • Overview of the regulatory scenario

    • Porters Five Forces Analysis

  • Qualitative analyzes – Impact of COVID-19 on the global rubber market

  • Global Rubber Market Analysis, Outlook and Forecast, 2016-2027

TOC Continued…!

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Take a look at the related research analyzes:

Rubber Compounds Market Industry Size, Share & Analysis, By Rubber Type (Silicone Rubber, Fluorinated Rubber, Butyronitrile Rubber, EPDM Rubber, Chloroprene Rubber, Others), By End User (Tires, Hoses & Belts, Roofing & Geomembranes, Footwear, wire and cable Insulation, others) and regional forecast, 2020-2027

Foam Rubber Market Analysis of size, share and industry, by stiffness (rigid foam, flexible foam), by type of foam (polyurethane foam, crosslinked polyethylene foam, neoprene foam, silicone foam, chloride foam Polyvinyl – Nitrile Butadiene Rubber (PVC – NBR Blend, Others), by Application (Furniture, Construction, Automotive) Others and Regional Forecast, 2019-2026

Foam Rubber Materials Market Size, Share and Industry Analysis, By Type (Crosslinked Polyethylene Foam, Polyurethane Foam, Microcellular Urethane Foam), By Application (HVAC Access Door Dust Gaskets, Cabinet Insulation , noise and vibration reducers, transportation, automotive linings, refrigerated transportation vehicles, foam rubber tubing) and regional forecast, 2019-2026

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Fintech Apps Sees Increase in Downloads Amid Pandemic Tue, 21 Sep 2021 02:15:00 +0000

Mobile app usage habits and trends have seen a drastic increase amid COVID-19 and lockdown measures. In Asia Pacific (APAC), mobile fintech app installs grew 36% in 2019-2020 and 18% in 2020-H1 2021, the second highest growth rate for the period in four key verticals mobile apps, according to a report from Adjust, a mobile attribution and analytics company.

The Mobile Application Trends 2021: A Focus on APAC report examines emerging trends in seven major APAC markets – India, Indonesia, Japan, Singapore, South Korea, Thailand and Vietnam – and looks at four key application verticals. mobile, namely hyper casual games. , fintech, e-commerce and non-hyper casual games.

According to the report, Thailand and Vietnam saw the biggest increase in fintech app installs in 2019-2020, which grew by 100% and 97% respectively. Over the 2020-H1 2021 period, growth in these two markets slowed, but accelerated in other countries, including Indonesia (89%) and Singapore (70%).

Growth of FinTech installations by country, Source: Mobile App Trends 2021: A focus on APAC, Adjust 2021

Mobile app sessions increased for all verticals, but growth was stronger for mobile fintech apps, where sessions grew 110% in 2019-2020 and 45% in 2020-H1 2021.

South Korea and Japan experienced the highest growth rates of 123% and 104%, respectively, in 2019-2020. For the period 2020-S1 2021, Singapore (188%) and Vietnam (136%) are the ones that stood out.

Growth of Fintech sessions, Source: Mobile App Trends 2021: Focus on APAC, Adjust 2021

Growth of Fintech sessions, Source: Mobile App Trends 2021: Focus on APAC, Adjust 2021

These numbers coincide with App Annie’s State of Mobile 2021 research, which also revealed a booming use of mobile financial apps not only in APAC but globally.

In 2020, the time spent on financial applications increased by 45% worldwide outside of China. In APAC, the study found that last year, financial mobile app downloads and hours spent increased in almost all six key markets studied. The only exception was China, where the drop in downloads was attributed to new legislation in the peer-to-peer (P2P) lending space.

Indonesia saw the largest increase in hours spent on mobile financial apps (75%), followed by Japan (55%) and South Korea (50%).

Year-over-year growth in downloads and hours spent in financial apps in 2020, Source: State of Mobile 2021, App Annie, 2021

Year-over-year growth in downloads and hours spent in financial apps in 2020, Source: State of Mobile 2021, App Annie, 2021

In particular, the past two years have seen an increase in the use of stock investing and trading apps. Globally, stock market participation increased by 55% globally in 2020, according to App Annie.

South Korea dominated the APAC region last year, recording year-over-year (year-over-year) growth of 120% in hours spent on major investment and trading applications. Indonesia and India also saw significant growth in the use of stock trading apps, with year-over-year increases of 80% and 65%, respectively.

Year-over-year growth in hours spent on major investment and trading applications, Source: State of Mobile 2021, App Annie, 2021

Year-over-year growth in hours spent on major investment and trading applications, Source: State of Mobile 2021, App Annie, 2021

The pandemic has brought an influx of new retail investors into the stock market. JMP Securities estimates that the brokerage industry added around 10 million new clients in 2020, according to application download data from SimilarWeb. Over 6 million of these clients have flocked to the Robinhood commission-free stock trading app.

In 2021, the retail boom continued with around 7.8 million new retail customers entering the market in January and February alone.

The past two years have been rather prosperous for the APAC mobile application industry. In 2019 and 2020, installs and sessions increased by 31% and 54%, respectively, according to the Adjust report.

All verticals grew, but hyper casual games, fintech and e-commerce performed exceptionally well in 2020 and 2021. Hyper casual gaming app installs grew the most in both periods – 66% in 2019-2020 and 49% in 2020-S1 2021 -, followed by fintech, e-commerce (27% and 8%) and non-hyper casual games (23% and 4%).

Growth of installations by vertical sector, Source: Trends in mobile applications 2021: Focus on APAC, Adjust 2021

Growth of installations by vertical sector, Source: Trends in mobile applications 2021: Focus on APAC, Adjust 2021

Featured Image: Photo by Sasha Kim from Pexels

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Industry body makes long-term plans to develop Vietnam’s electric vehicles Mon, 20 Sep 2021 14:10:42 +0000

The FV e34 electric car was developed by the Vietnamese manufacturer VinFast. VIETNAM PRESS AGENCY

Electric vehicles (EVs) are an irreversible trend in the automotive industry and are expected to experience strong growth. To take advantage of this, the Vietnam Association of Automobile Manufacturers (Vama) presented plans to develop the local electric car industry.

The plans to realize a roadmap for the development of electric cars in Vietnam were discussed during a recent webinar co-organized by the newspaper Giao thong (Transport) in collaboration with Vama and the Vietnamese Association of Manufacturers of motorcycles (VAMM).

Vietnam’s electric car policies are lagging behind their counterparts such as Thailand, Malaysia and Indonesia. Nonetheless, change is happening slowly but surely in the country.

Vama representative Dao Cong Quyt said Vietnam’s infrastructure for the development of electric vehicles might not be ready anytime soon. There is also a lack of charging stations. Currently, almost no charging stations are available for electric cars in the country. The production and supply of electricity are also an issue for the development of EVs.

Most Vietnamese families cannot afford to install home charging stations, while they are quite common in other countries.

In addition, the shift from the production of traditional internal combustion engine (ICE) cars to electric vehicles will result in the production of the obsolete car segment being stopped. Therefore, some transition is needed as electric cars and low emission vehicles are expected to be developed during the transition.

To develop Vietnam’s electric automobile industry, Vama has planned three stages of development.

From 2021 to 2030, the Vietnamese auto industry will aim to manufacture around one million cars of all types and internal combustion engine (ICE) vehicles will remain dominant. However, the number of electric vehicles will also gradually increase.

From 2030-2040, the development of EVs will experience strong growth with a production capacity of 3.5 million units over the period.

From 2040-2050, the local automotive industry will experience stable development and will then become saturated with a production capacity of between four and 4.5 million vehicles.

To achieve these goals, Vama proposed to the government to stimulate consumer demand by proposing a special preferential consumption tax for the development of electric vehicles. He called on the government to reduce registration fees for hybrid electric vehicles (HEVs) by 50%, plug-in hybrid electric vehicles (PHEVs) by 70% and battery-powered electric vehicles (BEVs) by 100%.

In addition, financial support for parking fees and environmental taxes are also necessary, and the installation of charging station infrastructure must meet the required standards.

Phan Thi Thuy Duong, director of the Battery Development Center at VinFast, said Vietnam is enjoying a golden opportunity to develop the electric vehicle industry. She added that the country has great potential to develop clean energy sources such as wind and solar power which are an important platform for electrification.

She noted that to try this golden chance, Vietnam must quickly complete its legal framework and that the installation of public charging infrastructure must be built with the development of transport networks and electricity grid synchronously.

The ministries of finance and transport have also proposed to the government to conduct regulations on investments in new public vehicles which must be electric in the near future.


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Raffles Financial to acquire Alto Vencap | Taiwan News Mon, 20 Sep 2021 01:00:00 +0000

SINGAPORE – Newsfile Corp. – September 17, 2021 – Raffles Financial Group Limited (CSE: RICHE) (FSE: 4VO) (OTCQX: RAFFF) (“RFG“or the”Society“) entered into a definitive share purchase agreement on September 15, 2021 (the”Share purchase contract“) to acquire all of the outstanding share capital of Alto Vencap Pte. Ltd. (“A V“), a Singapore-based company (“Transaction“). AV is a business consulting company primarily serving the needs of listed companies in Singapore and Hong Kong, as well as private companies in China, Cambodia, Indonesia, Malaysia, Philippines, Thailand and Singapore.

Raffles Financial Pte Ltd., the operating subsidiary of the Company, will complete the acquisition of AV within the next week for the purchase price of SGD $ 2.00 (C $ 1.88). After the closing of the purchase of AV, the Seller will be entitled to a performance-based payment equal to ten (10) times the audited net profit of AV after tax for the year ending June 30, 2022 payable in Company shares valued at CDN $ 10.00 per share. There is a maximum of 10,000,000 distribution of shares.

“While the economy of Southeast Asia is expanding, the demand for business consulting and in particular financial advisory services are developing rapidly. We are confident to serve the businesses out there with the RFG suite of financial solutions,“exclaims Albert Fan, director of AV.

RFG assists mid-sized businesses by providing a suite of financial services such as corporate finance advisory in IPOs, RTOs, M + As, family office and trust fund management, REIT and digital asset splitting and quotation.

With this acquisition, AV can mobilize the local representatives of RCEP to deploy RFG financial solutions to meet the fundraising and listing needs of local companies,“said Dr Charlie In, President of the RFG.

About Raffles Financial Group Limited

Raffles Financial Group is listed on the Canadian Securities Purchase under the ticker symbol (CSE: RICH), on the Frankfurt Stock Purchase under the ticker symbol (FSE: 4VO) and on the OTC Markets under the ticker symbol (OTCQX: RAFFF).

Raffles Financial Pte Ltd is the operating subsidiary of Raffles Financial Group Limited.

Please visit for more information.

Raffles Financial Private Limited (a wholly owned subsidiary of Raffles Financial Group Limited) is an exempt corporate finance consultancy, registered with the Monetary Authority of Singapore, which provides advisory and arranging services in financial matters. public listing. RFP acts as an advisor for family trusts, family offices and investment funds.

For more information please contact:

Dong Shim

Monica Kwok, Investor Relations
Phone: +65 6909 8765

Neither Purchase Canadian Securities nor its regulatory services provider (as that term is defined in the Purchase Canadian Securities policies) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this press release may constitute “forward-looking statements” or “forward-looking information” (collectively, “forward-looking information”) as such terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “planned”, “estimated”, “anticipate”, and expressions and similar statements relating to matters which are not historical Facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions about the outcome and timing of such future events.

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Official arrested for pocketing Covid B13m money for people with disabilities Sun, 19 Sep 2021 11:37:00 +0000

Police search a backpack belonging to Pisal Sukjaitham after his arrest on Sunday in the Mae Sai district of Chiang Rai.

A finance official at the Ministry of Social Development and Human Security was arrested on Sunday for allegedly stealing 13 million baht intended for people with disabilities affected by the Covid-19 pandemic.

Anti-corruption division commander Pol Maj Gen Charoonkiart Pankaew said Pisal Sukjaitham, 41, was apprehended in the Mae Sai district of Chiang Rai under an arrest warrant for fraud.

The ministry lodged a complaint with Phaya Thai police station accusing Mr Pisal of pocketing money set aside to help people with disabilities suffering from Covid-19. The case was then handled by the Anti-Corruption Division.

The ministry took action after discovering that a budget of 13 million baht had been transferred to his accounts, but somehow ended up in his personal bank accounts.

He did not specify when the crimes were committed and the police did not give details of the man’s detention in Mae Sai.

Pol Maj Gen Charoonkiart only said the suspect was trying to flee to Myanmar.

Phaya Thai Police Chief Pol Col Bowornpob Soonthornreakha said Mr Pisal denied the allegation.

He was sent to the Anti-Corruption Division for further questioning. Police planned to take the case to the central criminal court for corruption and misconduct on Monday.

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Beijing’s sovereign digital currency push to boost Hong Kong fintech startups Sat, 18 Sep 2021 09:30:00 +0000

As Beijing moves forward with a sovereign digital currency and a national blockchain network, Hong Kong’s fintech community is using the city’s role as a bridge between mainland China and the rest of the world to seize opportunities for innovation. .

China has been at the global forefront of developing a central bank digital currency, with 70.75 million retail transactions worth 34.5 billion yuan ($ 5.3 billion) having been carried out as part of a pilot test at the end of June of this year. The People’s Bank of China has also worked with the Hong Kong Monetary Authority on a bridge project that will link the digital yuan to sovereign digital currencies in Hong Kong, Thailand and the United Arab Emirates.

The project could create opportunities for Hong Kong’s more than 3,300 start-ups, enabling them to serve importers and exporters using fintech. This could provide incentives for innovation in fintech and trade finance solutions, said King Leung, head of fintech at InvestHK, the government body promoting foreign direct investment.

Do you have questions on the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new curated content platform with explanations, FAQs, analysis and infographics brought to you by our award-winning team.

“For fintech startups focused on business-to-business solutions, only a handful of major cities have a strong base of financial institutions,” Leung said. “FinTech has to be where the financial centers are, and if you’re not in Hong Kong, there are only a few [remaining] choice.”

Ping An OneConnect Bank, one of Hong Kong’s new virtual banks backed by China’s largest insurer, shows how fintech could help small and medium-sized businesses, Leung said.

Through a partnership with Tradelink, a provider of business and personalized document filing services, Ping An OneConnect has introduced an SME loan service that approves loans within five days. The new service leverages decades of Tradelink’s customs clearance data to determine a borrower’s credit health.

From left to right, Vishal Kapoor, Head of Treasury and Business Solutions at Citi in Hong Kong, and King Leung, Head of FinTech at InvestHK. Photo: Edmond So alt = From left to right, Vishal Kapoor, Head of Treasury and Business Solutions at Citi in Hong Kong, and King Leung, Head of FinTech at InvestHK. Photo: Edmond So

Another Hong Kong start-up, digiXnode Tech, which operates a marketplace for digital applications running on blockchain, this month launched its global portal connecting developers around the world to the led blockchain service network (BSN). by Beijing.

An ambitious project representing President Xi Jinping’s goal of making China a dominant global player in information infrastructure, BSN is led by a consortium that includes the State Information Center, China Mobile and China UnionPay. digiXnode connects the network to offshore blockchain developers of cross-border trade and finance applications, thereby facilitating the country’s trade with the Belt and Road economies.

“The next step is to digitize all stakeholders in commerce as well. This includes all shipping lines and logistics players, ”said Vishal Kapoor, Citi’s treasury and business solutions manager in Hong Kong. “It will happen over time.”

Signage for the digital yuan in a Beijing supermarket. China has been at the global forefront of developing a central bank digital currency. Photo: Bloomberg alt = Digital yuan signage in a Beijing supermarket. China has been at the global forefront of developing a central bank digital currency. Photo: Bloomberg

Cryptocurrency startups, on the other hand, fear the city could lose its hard-earned advantage, built on a strong regulatory framework, to Singapore. Unlike China, where trading in cryptocurrencies is prohibited, in Hong Kong a regulatory framework is in place to allow cryptocurrencies to coexist with central bank digital currencies.

Indeed, the city’s virtual asset regulatory regime, which prohibits the participation of retail investors and only allows professional investors, is considered restrictive. It could stifle entrepreneurs’ desire to innovate in Hong Kong, said Alessio Quaglini, CEO of Hong Kong-based digital asset custodian Hex Trust.

“If you have a framework with heavy and stringent requirements for young fintech companies, there is a risk that Hong Kong will start losing business activities to other markets that are aggressively trying to win them over,” Quaglini said.

A professional investor is defined by Hong Kong Securities Law as a person with a portfolio of at least HK $ 8 million (US $ 1 million). Singapore’s payment token regime does not prohibit retail investors.

In August, Hex Trust received its Capital Markets Services License from the Monetary Authority of Singapore, which allows it to expand its custodial service to the city-state. The new license is in addition to his trust or corporate service provider license obtained in Hong Kong.

Still, the city ranking fifth in terms of the density of wealthy individuals – one in 125 Hong Kong residents has a net worth of at least $ 5 million – InvestHK’s Leung said the Hong Kong regime is used to balance investor protection and innovation.

“There is still a lot of wealth in Hong Kong. If a start-up focuses only on serving professional investors, in terms of dollar amount it is already a significant market,” he said. he declares.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice on China and Asia for over a century. For more SCMP stories, please explore the SCMP app or visit the SCMP Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2021. South China Morning Post Publishers Ltd. All rights reserved.

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Fed policy and Evergrande debt weigh on sentiment Fri, 17 Sep 2021 21:00:00 +0000

Recap: European and emerging markets were mixed on Friday as investors and global traders assessed the prospect of a reduction in US Federal Reserve stimulus and the risks of a likely default from the Chinese real estate developer riddled with Evergrande debts.

The SET index traded in a narrow range between 1,617.31 and 1,642.63 points this week before closing yesterday at 1,625.65, down 0.59% from the previous week, for one figure average daily business of 85.76 billion baht.

Institutional investors were net buyers of 2.95 billion baht, foreign investors bought 682.19 million, and brokers bought 545.27 million baht of shares. Retail investors were net sellers of baht 4.18 billion of shares.

Current actors: Global thirst for oil will surpass pre-pandemic levels next year, improving vaccination rates and increasing public confidence in governments’ handling of Covid-19 are spurring travel resumption, the Organization of the Petroleum Exporting Countries said on Monday.

Apple CEO Tim Cook walked through a brilliantly crafted video on Tuesday launching new iPhones and other products, with some clues about the issues the company is facing, including policy reversals, spyware attack and legal battles.

A US judge did not call Apple an “illegal monopolist,” but legal experts said the ruling in the dispute with popular game maker Fortnite could pave the way for more challenges to the restrictive App Store terms and conditions. high commissions from the iPhone maker.

Chinese regulators have ordered sweeping changes to the country’s largest payments app, Alipay, as the ruling Communist Party tries to curb the “unruly growth” of the tech giants.

Hong Kong casino stocks lost a record $ 14 billion in combined market value after Macau officials said they would tighten restrictions on operators, including appointing government officials to “oversee” the companies of the largest gaming center in the world.

Foreign investors are keeping a close watch on indebted Chinese real estate giant Evergrande, but markets don’t seem to fear major contagion, at least so far. With $ 300 billion in debt and a cash shortage, Evergrande might not be able to make an $ 80 million coupon payment due next week.

More than 60 cryptocurrency exchanges in South Korea could be shut down by the September 24 deadline if they cannot comply with new rules which include registration with the Financial Intelligence Unit, provision of ‘a security certificate from the Internet security agency and the guarantee of real accounts.

Malaysia will consider raising the statutory debt ceiling to 65% of GDP, as part of the measures to deal with the economic fallout from the pandemic, the finance minister said on Tuesday. The current 60% cap was raised from 55% last year.

Visitors flocked to the Malaysian island of Langkawi on Thursday as it became the country’s first hotspot to reopen after a coronavirus shutdown that hit the vital tourism industry.

Thailand’s financial system is stable and there are no big problems for the baht, the Bank of Thailand (BoT) said on Monday, adding that a “pain point” was limited access to credit for some companies with financial institutions.

Finance Minister Arkhom Termpittayapaisith urged the Bureau of Fiscal Policy and the Bank of Thailand to jointly explore ways to relax some of the criteria for state banks to lend to domestic airlines to improve their liquidity .

A Government Housing Bank (GHB) project offering mortgages to low-income people has been overwhelmingly received, with requests worth 42 billion baht, double the amount allocated to the program, in just three days after registration opens.

Bangkok’s residential market will improve next year as supply and demand are more balanced, while foreign buyers, especially Chinese, are still interested in Thai real estate, according to industry executives.

Thailand’s national trade strategy for 2022 to 2027 is expected to focus on upgrading existing export products and services in line with modern technology, according to a study conducted by Thammasat University for the Ministry of Commerce.

Thailand, the world’s third-largest rice exporter, is expected to hit its target of 6 million tonnes this year, as supply-boosted rains and a lower baht make prices more competitive abroad. But shipments from India, ranked first, could reach 22 million tonnes, or 45% of the world total, thanks to the increase in port capacity.

SET plans to launch LiVE Exchange, a fundraising platform for SMEs and startups, by the end of this year or early next year to give them better access to the capital market.

The government on Tuesday approved measures to attract “high potential” foreigners, including long-term visas and tax breaks, to stimulate the declining economy. A spokesperson said the program could inject up to 1,000 billion baht into the economy over five years.

Public Health Minister Anutin Charnvirakul responded to concerns that the proposed reopening of more tourist destinations to vaccinated foreigners on October 1 may be premature, saying the opinions of health experts must be taken seriously.

Bangkok’s reopening for vaccinated tourists will be delayed for two weeks, until October 15, as most of the city’s residents are still waiting for their second shot. The Ministry of Tourism and Sports is still counting on the capital to welcome at least 1 million international tourists by the end of the year.

Hoteliers are hoping that Bangkok’s reopening in October and campaigns to boost domestic travel will push occupancy rates from 10% to 20% during the upcoming peak season.

Phuket hotels have enjoyed more than 524,200 paid room nights since the island reopened to foreign tourists on July 1, with the largest group of arrivals from the United States.

Thailand faces hurdles in attracting travelers from the Middle East due to the complicated entry certificate application process and expensive Covid-19 testing. RT-PCR tests cost 200 to 300 each in Dubai, compared to 8,000 baht charged to visitors for three tests in Thailand, the TAT’s Dubai office said.

PTT Oil and Retail Business Plc (OR), the country’s largest oil trader by volume, plans to establish more business links with retailers looking for new sales channels at PTT gas stations after the closure of shopping centers during the recent lockdown.

PTT and Taiwan-based multinational electronics manufacturer Hon Hai Precision Industry Co, also known as Foxconn, are moving forward with a new joint venture electric vehicle (EV) production facility valued at $ 1 to $ 2 billion in the Eastern Economic Corridor.

Market-leading shopping center developer Central Pattana Plc (CPN) plans to launch a baht 1.85 billion mixed-use housing project targeting young buyers this month.

TQM Corp, the only SET-listed insurance broker, is preparing to enter the personal loan business in the fourth quarter with a new subsidiary aiming to lend 300 million baht this year.

Future : New Zealand will release third-quarter consumer confidence on Monday and Germany will release August producer prices. The United States will release building permits and second quarter current account data in August, and Canada will release new home prices in August.

The Federal Open Market Committee will hold a briefing after its highly anticipated policy meeting on Wednesday (early Thursday morning, Thailand time). The United States will release August existing home sales on Wednesday and Thailand will release August trade figures.

New Zealand will release August trade data on Friday and Japan will release August consumer staples.

Actions to watch out for: Capital Nomura Securities (CNS) recommends stocks of companies that will benefit from the lowest baht, including TU, CPF, NER, XO, and APURE. The brokerage firm recommends SAPP for beverage inventories, ASIAN for pet food, and SVI, HANA, and KCE for the electronics industry. The other stock choices are EPG and BANPU. The government’s proposal to increase the public debt ceiling could benefit construction stocks such as STEC, CK, ITD and PYLON if more public infrastructure spending takes place.

SCB Securities recommends the selective purchase of healthcare stocks, including BDMS, BCH, CHG and RJH. For tourist stocks, he suggests ERW. The stocks that will benefit from the launch of the iPhone 13 are COM7 and CPW.

Technical view: Maybank Kim Eng Securities sees support at 1600 and resistance at 1655. DBS Vickers Securities sees support at 1600 and resistance at 1650.

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Thai VAT on online services entered into force Fri, 17 Sep 2021 12:40:04 +0000

On September 1, 2021, Thailand’s VAT Law on Online Services came into effect. This law requires non-resident service providers and electronic platforms (with an income exceeding THB 1.8 million per year) to register for VAT, file VAT returns and remit VAT to the Department. Thai revenue (TRD) on a payment-only basis (i.e. no input tax deduction or issuance of a tax invoice). It applies to those who provide electronic services to customers not registered for VAT in Thailand when the service is used in Thailand.

To prepare for the implementation, the TRD opened the VAT pre-registration for online services on August 16, 2021. The following sub-regulations, guidelines and FAQs have also been published to complement this law:

1. Ministerial Regulation n ° 377, which stipulates that the procedures and communications between the TRD and the VAT operators of the e-service will be done electronically. Once the VAT registration of the e-service is approved, the TRD will announce the list of registered operators on its website (instead of issuing a VAT registration certificate). This is considered the same as the online VAT operator displaying the VAT registration certificate in a prominent place as required by the Thai Tax Code.

2. Notification of the Director General regarding VAT No. 239, which prescribes the format of the collected VAT return, and details of transactions in the collected VAT returns, for online VAT operators.

3. Director General VAT Notification No. 240, which enables electronic service VAT forms to be VAT forms under the Tax Code.

4. Notification of the Director-General regarding the VAT number 241, which prescribes the required documents and approval criteria for the VAT registration of the electronic service and the change of the VAT registration of the electronic service.

5. Ministry of Finance Notification No. 69, which prescribes that the agents of the TRD shall be the valuation agents with respect to VAT on electronic services.

6. Notification of the Ministry of Finance concerning the extension of VAT returns by electronic service until the 23rd day of the following month.

7. Electronic Service VAT Guide Provided to Non-VAT Registrants in Thailand by a Non-Resident Business Person (the “Guide”), which provides further details of the Electronic Service VAT for reference by customers. VAT electronic service operators, agents, and users.

8. FAQs, which provide a basic understanding of Electronic Services VAT Law and its effects on users in Thailand.

We understand that the revised guidelines and FAQs have yet to be released. The next question for traders and practitioners should be to what extent the TRD will apply this VAT on electronic services in terms of tax audits, assessments and law enforcement.

Like other countries, the VAT law on e-services is the first step in an attempt to tax foreign e-commerce operators. The challenges of the next few years will likely focus on the potential imposition of direct taxes on foreign e-commerce operators.

The content is provided for educational and informational purposes only and is not intended and should not be construed as legal advice. This may be termed a “lawyer advertisement” requiring notice in some jurisdictions. Past results do not guarantee similar results. For more information, please visit:

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Global Respiratory Protective Equipment Market Research Report (2021-2026) Fri, 17 Sep 2021 12:08:00 +0000

Dublin, September 17, 2021 (GLOBE NEWSWIRE) – The report “Respiratory Protective Equipment Market Research Report By Product, By Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” has been added to offer.

The global respiratory protective equipment market size was estimated at USD 70.04 billion in 2020 and is expected to reach USD 72.43 billion in 2021, at a compound annual growth rate (CAGR) of 3.74% to reach 87, $ 31 billion by 2026.

Market Statistics:

The report provides market size and forecast in five major currencies – USD, EUR GBP, JPY and AUD. It helps organizational leaders make better decisions when currency data is readily available. In this report, the years 2018 and 2019 are considered as historical years, 2020 as the base year, 2021 as the estimated year and the years 2022 to 2026 are considered as the forecast period.

Market segmentation and coverage:

This research report categorizes Respiratory Protective Equipment to forecast revenue and analyze trends in each of the following submarkets:

  • Based on the product, the respiratory protective equipment market has been researched on Air Purifying Respirators and Supplied Air Respirators. Air-purifying respirators are discussed in more detail among exhaust respirators, non-motorized air-purifying respirators and motorized air-purifying respirators. Supplied air respirators are discussed in more detail among supplied air respirators, loose fitting hoods, and self-contained breathing apparatus.

  • On the basis of end use, the respiratory protective equipment market has been studied in construction, fire service, healthcare, industrial, mining, oil and gas industries, petrochemicals / chemicals and pharmaceuticals.

  • Based on the region, the Respiratory Protective Equipment market has been studied to America, Asia-Pacific & Europe, Middle East & Africa. The Americas are further explored in Argentina, Brazil, Canada, Mexico, and the United States. Asia-Pacific is further explored in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea and Thailand. Europe, Middle East and Africa are also studied in France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, Arab Emirates United and the United Kingdom.

Competitive strategic window:

The Competitive Strategy Window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for suppliers to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to continue the expansion and growth of the business during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix assesses and ranks suppliers in the respiratory protective equipment market based on business strategy (company growth, industry coverage, financial viability, and channel support) and product satisfaction (value for money, ease of use, product features and customer). Support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the suppliers considering their contribution to the overall market. It provides the idea of ​​its revenue generation in the overall market compared to other space providers. It provides insight into the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of the suppliers for the base year. It reveals the characteristics of the market in terms of traits of accumulation, fragmentation, dominance and fusion.

Company usability profiles:

The report deeply explores the significant recent developments of key vendors and innovation profiles in the global respiratory protective equipment market including Alpha Pro Tech, Ltd., Alpha Solway Ltd, Ansell Ltd., Avon Rubber plc, Bullard, Cordova Safety Products, Delta Plus Group, Dragerwerk AG, DSI Safety Inc., DuPont de Nemours, Inc, Gateway Safety, Inc, Gentex Corporation, Honeywell International, Inc., ILC Dover LP, Intech Safety Pvt. Ltd., Jayco Safety Products, Kimberly-Clark Corporation, Mine Safety Appliances or MSA Safety Incorporated, Ocenco, Inc., Pan Taiwan Enterprise Co. Ltd, Polison Corporation, RBP Safety, Shanghai Baoya Safety Equipment Inc., The 3M Company, and Uvex Safety Group.

The report provides information on the following pointers:
1. Market penetration: provides comprehensive information on the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration into mature market segments.
3. Market diversification: provides detailed information on new product launches, untapped geographies, recent developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape and manufacturing capabilities of key players
5. Product Development and Innovation: Provides intelligent information on future technologies, R&D activities and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast for the global respiratory protective equipment market?
2. What are the inhibitory factors and impact of COVID-19 shaping the global Respiratory Protective Equipment Market during the forecast period?
3. What are the products / segments / applications / areas to invest in during the forecast period in the global Respiratory Protective Equipment Market?
4. What is the strategic competitive window for opportunities in the global Respiratory Protective Equipment market?
5. What are the technological trends and regulatory frameworks in the global respiratory protective equipment market?
6. What is the market share of the major vendors in the global respiratory protective equipment market?
7. What strategic fashions and moves are considered appropriate for entering the global respiratory protective equipment market?

Main topics covered:

1. Preface

2. Research methodology

3. Executive summary

4. Market overview
4.1. introduction
4.2. Cumulative impact of COVID-19

5. Market overview
5.1. Market dynamics
5.1.1. Conductors Strict worker safety regulations and policies Growing prevalence of infectious biohazards such as SARS, EVD and MERS Growing awareness of the importance of workplace safety Increased demand for personal protective equipment (PPE) due to COVID-19 outbreak
5.1.2. Constraints Increasing automation and reducing labor demand in several industries
5.1.3. Opportunities Rapid industrial growth in developing economies Multifunctional protective gear designed and performing
5.1.4. Challenges Lack of awareness of the proper use of respiratory protective equipment
5.2. Porters Five Forces Analysis

6. Respiratory Protective Equipment Market, By Product
6.1. introduction
6.2. Air purifying respirators
6.2.1. Respirators
6.2.2. Non-motorized air-purifying respirators
6.2.3. Motorized air purifying respirators
6.3. Supplied air respirators
6.3.1. Airline respirators
6.3.2. Loose hoods
6.3.3. SCBA

7. Respiratory Protective Equipment Market, By End Use
7.1. introduction
7.2. Construction
7.3. Fire services
7.4. Health care
7.5. Industrial
7.6. Mining
7.7. Petroleum gas
7.8. Petrochemicals / Chemistry
7.9. Pharmaceutical

8. Americas Respiratory Protective Equipment Market
8.1. introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Respiratory Protective Equipment Market
9.1. introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Thailand

10. Respiratory Protective Equipment Market in Europe, Middle East and Africa
10.1. introduction
10.2. France
10.3. Germany
10.4. Italy
10.5. Netherlands
10.6. Qatar
10.7. Russia
10.8. Saudi Arabia
10.9. South Africa
10.10. Spain
10.11. United Arab Emirates
10.12. UK

11. Competitive landscape
11.1. FPNV positioning matrix
11.1.1. Quadrants
11.1.2. Business strategy
11.1.3. Product satisfaction
11.2. Market ranking analysis
11.3. Market share analysis, by key player
11.4. Competitive scenario
11.4.1. Merger & Acquisition
11.4.2. Agreement, collaboration and partnership
11.4.3. Launch and improvement of new products
11.4.4. Investment and financing
11.4.5. Awards, recognition and expansion

12. Company usability profiles
12.1. Alpha Pro Tech, Ltd.
12.2. Alpha Solway Ltd
12.3. Ansell Ltd.
12.4. Avon Rubber plc
12.5. Bullard
12.6. Cordova Safety Products
12.7. Delta Plus Group
12.8. Dragerwerk AG
12.9. DSI Security Inc.
12.10. DuPont de Nemours, Inc
12.11. Gateway Security, Inc
12.12. Gentex Company
12.13. Honeywell International, Inc.
12.14. ILC Dover LP
12.15. Intech Security Pvt. Ltd.
12.16. Jayco Safety Products
12.17. Kimberly-Clark Company
12.18. Mine Safety Appliances, or MSA Safety Incorporated
12.19. Ocenco, Inc.
12.20. Pan Taiwan Enterprise Co. Ltd
12.21. Polison Company
12.22. RBP Security
12.23. Shanghai Baoya Safety Equipment Inc.
12.24. 3M company
12.25. Uvex security group

13. Annex

For more information on this report, visit

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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