Strong Nike sales in the United States and Europe helped offset pandemic challenges in China and Asia-Pacific in the second quarter and supported a better-than-expected result for the sportswear maker. Nike said on Monday it continued to manage the impact of supply chain disruptions on the market, but chief executive …
Read More »Pandaw draws funds to weather Covid storm
SINGAP0RE, December 20, 2021: Pandaw Expeditions is making a comeback after securing funding to restart cruises in September 2022, overturning an earlier decision to shut down the company. A pioneer of luxury river cruises in Southeast Asia and India, the company announced last November its closure after the Covid-19 pandemic …
Read More »Sharekhan recommends purchasing this manufacturer’s stock for good returns
Target price SRF Ltd.’s Current Market Price (CMP) is Rs. 2161. Brokerage firm Sharekhan Recommends has estimated a target price for the stock at Rs. 2430. Therefore, the stock is expected to generate a return of 12.44% over a target period of one year. Outlook for actions Current Market Price …
Read More »Wealth Enhancement Group Partners With San Diego Area Hybrid Registered Investment Advisory Firm The Gensler Group LLC
RIA Hybrid in Coronado, Calif. Has more than $ 512 million in client assets The addition of The Gensler Group continues Wealth Enhancement Group’s strategic expansion in Southern California and brings total client assets to over $ 55.5 billion MINNEAPOLIS, December 16, 2021 / PRNewswire / – Wealth Enhancement Group, …
Read More »ASEAN Shared Mobility Market 2021 – With AirAsia Ride, BlueSG and BMW among others
DUBLIN, December 14, 2021– (BUSINESS WIRE) – The “ASEAN Shared Mobility Growth Opportunities” report has been added to ResearchAndMarkets.com offer. The study assesses the main trends in shared mobility within the Association of Southeast Asian Nations (ASEAN), covering Cambodia, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The main shared …
Read More »Central bank focuses on growth ahead of rate review
The Bank of Thailand is focused on helping economic growth amid subdued inflation and less worried about the US Federal Reserve’s monetary actions, BoT Governor Sethaput Suthiwartnarueput said ahead of the meeting of bank rate next week. âMost of our rate path will be dictated by national considerations,â Sethaput said, …
Read More »Minister of Finance: Thailand’s economy will recover in 2023
Finance Minister Arkhom Termpittayapaisith said Thailand’s economy is expected to experience a full recovery, not next year, but by 2023. The economy is expected to grow by around 4% next year. , so 2022 would start the economic recovery, but it will take longer for Thailand to definitely bounce back …
Read More »The economy of a new China-Laos railway line
IN LATE In the 1860s, French sailors who had set out from Saigon to find the source of the Mekong River encountered the steep Khone Falls between Laos and Cambodia, and realized that the waters would be impassable for large merchant ships. Their dreams of reaching the riches of southern …
Read More »Ford to invest $ 900 million in factories in Thailand, Auto News, ET Auto
The expansion would create about 1,250 new jobs at Ford’s factories and about $ 400 million of the investment would go to its supply chain network, the automaker said. Ford Motor Co on Wednesday said it will invest $ 900 million to upgrade its factories in Thailand that support production …
Read More »Covid-19, Vaccine Mandate and Omicron Variant News: Live updates
Video transcription Back transcription New York City Institutes Vaccination Mandate for All Private Employers New York City Mayor Bill de Blasio said a broad coronavirus vaccine mandate would go into effect for all private employers on December 27 to curb the spread of the Omicron variant. De Blasio said the …
Read More »COVID-19: Asian factories report stability
APPARENT THREAT: There are growing concerns that the Omicron variant may affect industrial production, which has just recovered from plant closures of the Delta variant. Manufacturing activity in Asia outside of China stabilized last month amid easing lockdown and border restrictions, putting the industry on track to face a possible …
Read More »Omicron could impact APAC’s economic recovery: Moody’s Analytics
New Delhi: Low vaccination rates against Covid-19 disease in Asia-Pacific countries, including India, could add to the existing risk to the economic recovery, according to a new analysis from Moody’s Analytics. Countries like India, Myanmar, Laos, Indonesia, Hong Kong, Thailand, the Philippines and Vietnam have so far vaccinated less than …
Read More »Asean News Headlines at 10 p.m. on Saturday (November 27)
Malaysia: Covid-19 watch: 5,097 new cases bring the total to 2,619,577 Covid-19: most of 5,097 new cases are asymptomatic, have mild symptoms, according to DG Health Covid-19: Ministry of Health is closely monitoring WHO and other countries on Omicron variant, according to Khairy Johor MB hopes the number of people …
Read More »APAC Self Storage Market 2021
DUBLIN, November 26, 2021 / PRNewswire / – The report “Asia-Pacific Self Storage Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” has been added to ResearchAndMarkets.com offer. Research and Markets logo The Asia-Pacific self-storage market is expected to register a CAGR of 13.12% during the forecast period …
Read More »Thai youth unemployment at new high
Thai youth unemployment at new high Pandemic restrictions hamper the entire labor market, with possible longer-term consequences, says ILO report Job seekers look at a job board at a job fair held last year in Bitec. (Photo: Wichan Charoenkiatpakul) Unemployment among young men and women in Thailand has reached an …
Read More »Latest information on the global spread of the coronavirus
The resurgence of the coronavirus in Germany, Denmark and the Netherlands has warned the world that the pandemic has yet to be suppressed. Here are the latest developments. EUROPE * Germany’s health minister called for new restrictions to contain a “dramatic” increase in cases as the country’s infection rate hit …
Read More »India reaches out, Bimstec executives could attend Republic Day 2022
Efforts are underway to have the leaders of the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (Bimstec) countries in New Delhi for the Republic Day celebrations next year, learns. we. Besides India, the sub-regional group of seven countries includes Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal and Bhutan. …
Read More »Global Smart Lighting Market Size, Share and Trends Report and Forecast 2021-2028
DUBLIN, November 18, 2021– (BUSINESS WIRE) – The “Global Smart Lighting Market Size, Share and Trend Analysis Report by Component, By Connectivity (Wired, Wireless), By Application (Indoor, Outdoor) , by Region and Segment Forecast, 2021-2028 “the report was added to ResearchAndMarkets.com offer. The global smart lighting market size is expected …
Read More »Lubricants Market Research Report By Base Oil, By Product Type, By End Use Industry, By Region – Global Forecast To 2026
Base Oil Lubricants (Bio-based Oil, Mineral Oil & Synthetic Oil) Lubricants Market Research Report, By Product Type (Compressor Oil, Motor Oil & Gear Oil), By End Use Industry, By Region (Americas, Asia-Pacific, and Europe, Middle East, and Africa) – Global Forecast to 2026 – Cumulative Impact of COVID-19 New York, …
Read More »Huobi Global leaves Singapore to form a new local entity
Huobi Global, one of the world’s largest cryptocurrency exchanges in terms of transaction volumes, is shutting down operations in Singapore shortly after exiting China. The exchange will have closed the accounts of all Singapore-based users by the end of March next year, the company officially announced on Tuesday evening. All …
Read More »Trips to Siam and Laos: a lost photo album
A Royal Copenhagen vase representing the little mermaid was the genesis of this current research. The vase was presented to Tan Heng Soon, my late husband’s father who retired as a comprador with the Danish East Asian Company at their place of business in Penang, Malaysia. [Digital photo: authorâs collection] …
Read More »Thai CG for an early FTA with Pakistan – Business & Finance
KARACHI: Thailand’s Acting Consul General Paoyee Waesahmae said the trade balance between Pakistan and Thailand is in favor of Thailand, which can be balanced if the difficulties are effectively addressed by the Pakistani government, especially the delays in the signing of the Pakistan-Thailand Free Trade Agreement. Trade agreement pending for …
Read More »Global Medical 3D Printing Plastics Industry To 2026
Dublin, November 05, 2021 (GLOBE NEWSWIRE) – The report “Medical 3D Printing Plastics Market Research Report by Product Type, Form Type and Region – Global Forecast to 2026 – Cumulative Impact of COVID -19 “has been added to ResearchAndMarkets.com offer. The global medical 3D printing plastics market size was estimated …
Read More »Latest COP26: BlackRock’s Fink Says Climate Pressure on SOEs “Biggest Trade-off of My Life”
© AP The Asian Development Bank is launching a new fund that will buy coal-fired power plants in order to shut them down earlier, taking a new approach to energy transition. The AfDB is launching the $ 2.5 billion to $ 3.5 billion pilot fund, called the Energy Transition Mechanism, …
Read More »UPDATE 2-Japan loosens COVID-19 border barriers, lagging behind major partners
(Addition of comments from the American lobby, the CEO, the expert; paragraphs 8,9,11-14) By Rocky Swift TOKYO, Nov. 2 (Reuters) – Japan on Tuesday confirmed plans to gradually ease COVID-19 border restrictions, but failed to respond to demands from business lobbies to open up in line with major trading partners …
Read More »Ringgit unafraid of Fed Taper Storm as economy looks to rebound
(Bloomberg) – Forex traders brace for a busy week as the Federal Reserve prepares to cut debt buying. But the Malaysian ringgit seems surprisingly calm. Bloomberg’s Most Read The currency appears poised to withstand any volatility fueled by a withdrawal of US stimulus measures as the Malaysian economy rebounds amid …
Read More »Thai authorities indict company for selling used medical gloves after CNN investigation
Thai Food and Drug Administration Deputy Chief Supattra Boonserm said Paddy the Room Trading Company faces eight charges related to producing medical supplies without permission from Thai regulators. The company negotiated deals with US companies to supply millions of dollars worth of medical-grade nitrile gloves, but instead sent lower-quality vinyl …
Read More »The first NFT art made by an elephant auctioned on OpenSea
An immensely talented seven-year-old elephant has decided to join the growing NFT space by creating his own art. Art that shows everything this elephant sees – trees, animals, blue skies, or even self-portraits can now be purchased as NFTs by Tunwa at the Maetaeng Elephant Park & ââClinic in Chiang …
Read More »SUIC, Midas Opens Liaison Office in Malaysia to Launch Four Products, Services and Starry Project (TM) to Advance Group APAC Footprint in 8 Southeast Asian Countries
NEW YORK, NY / ACCESSWIRE / October 28, 2021 / Sino United Worldwide Consolidated Ltd. (OTC PINK: SUIC) and Midas Touch announce the opening of the group’s liaison offices in Malaysia in time for the launch of the four products and services, as well as the start of Starry Project …
Read More »Southeast Asian countries tout links with green energy ahead of COP26
Sultan Hassanal Bolkiah of Brunei speaks at the ASEAN Virtual Summit hosted by the ASEAN Brunei Summit in Bandar Seri Begawan, Brunei on October 26, 2021. (Summit host photo / handout by ASEAN 2021 via Reuters) SINGAPORE – Southeast Asian countries are accelerating their renewable energy transmission plans through a …
Read More »Thrasio raises $ 1 billion in funding led by Silver Lake
(Bloomberg) – Thrasio Holdings Inc., an Amazon.com Inc. product aggregator, raised more than $ 1 billion in a private funding round led by tech investor Silver Lake. Bloomberg’s Most Read Silver Lake, a new investor in Thrasio, has been joined by existing investors including Advent International, Upper90, Oaktree Capital Management …
Read More »What CBDCs mean for the future of DeFi and Stablecoins
Over the past year, the narrative surrounding central bank digital currencies (CBDCs) has advanced significantly. From an almost entirely conceptual discussion, CBDCs are now in various stages of research and development to determine how they might work in practice. The Chinese digital yuan is currently leading the pack. After several …
Read More »Pensions alert, UK system ranked among world’s best, beating Germany, France and Spain | Personal Finances | Finance
Britain came ninth on a list of 43 developed countries and edged out other European nations after being ranked 15th last year, according to the Mercer CFA Institute’s annual world pensions index. The report examined the security and sustainability of public and private retirement income, as well as whether or …
Read More »Best B2B Service Providers in Thailand, B2B Marketplace in Thailand
Thailand has made remarkable strides in social and economic improvement, moving from a low income region to an upper middle income region in less than a generation. As such, Thailand has been a widely cited example of improvements, with sustained robust growth and impressive poverty reduction. Additionally, Thailand is renowned …
Read More »NextPlay Technologies, Inc. Announces Plans to Launch New Category of Tokenized Medical Real Estate in Conjunction with NextPlay Expansion into Medical Tourism
SUNRISE, FL, October 20, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – NextPlay Technologies, Inc. (NASDAQ: NXTP) (the âCompanyâ or âNextPlayâ), a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, today announced plans to form the MedTrek Fund, which is expected to be a closed-end fund securitized by …
Read More »Crackdown on insider trading and fraud accelerates under Thai watch
BANGKOK, Oct. 19 (Bloomberg): Thailand is seeking to speed up criminal proceedings to crack down on insider trading, securities fraud and other illegal financial transactions, according to the country’s top regulator. The country’s Securities & Exchange Commission plans to have more power to investigate criminal transactions in stocks, bonds and …
Read More »Geotechnical Engineering and Design Software Market Research Report by Platform, End User, Application, Region – Global Forecast to 2026
Geotechnical Engineering and Design Software Market research report by Platform (Application-Based & Web-Based), By End-User (Commercial, Industrial & Infrastructure), By Application, By Region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global forecasts to 2026 – Cumulative impact of COVID-19 New York, October 18, 2021 (GLOBE NEWSWIRE) – Reportlinker.com …
Read More »The slide in poverty can be stopped
Covid-19 will be gone as an immediate threat in a few years. However, its effect will last longer. Governments around the world, including Thailand, will face enormous challenges in trying to fund the economic stimulus package that will be needed when countries get back on their feet. The latest United …
Read More »A Laotian restaurant in Toronto opened by a financier, preserving the family heritage
TORONTO – In Grade 10, Lits Kong won a financial grant that allowed his family to open a Laotian restaurant. She didn’t know it at the time, but this close connection between business, food, and family would become central to her life decades later. For a high school project, she …
Read More »Candidates for Citibank’s retail division are still in the due diligence phase
It may take time for Citibank until December to finalize a buyer for its retail business, sources familiar with the talks said. There has been no decision on a buyer, or no shortlist made, a source said. âThe bank is in the process of answering all questions posed by potential …
Read More »Global Toothbrush Sterilizers Market Research Report (2021-2026)
Dublin, Oct 13, 2021 (GLOBE NEWSWIRE) – The report “Toothbrush Sterilizers Market Research Report by Mount Type, Charging Mode, Distribution, Application and Region – Global Forecast to 2026 – Cumulative impact of COVID-19 “has been added to ResearchAndMarkets.com offer. The global toothbrush sterilizer market size was estimated to be USD …
Read More »Thai baht, travel stocks rise as nation eases tourism restrictions
(Bloomberg) – The Thai baht has recovered the most since August, as an easing of travel requirements for vaccinated visitors brightened the outlook for the tourism-dependent economy. Bloomberg’s Most Read The baht jumped 1.4% to 33.426, the biggest gain since August 24. Visitors from 10 low-risk countries will not be …
Read More »Corporate Ladder: Your Weekly Guide to Executive Meetings
Phil Hood James woodham Long-time airport manager promotion National aviation services company Cobham Aviation promoted former airport manager Phil Hood as head of South East Australia. Hood joined Cobham Aviation in September last year after eight years as a manager of airport services at Adelaide Airport for Emirates. His stint …
Read More »Global business tax deal moves forward
Irish Finance Minister Paschal Donohoe discusses the global corporation tax deal in an interview with Bloomberg Television in Dublin on Friday. (Photo Bloomberg) A sweeping corporate tax overhaul garnered support from 136 countries, as nations resolved major disputes over a global minimum rate and the end of new digital taxes …
Read More »Factoring Market Research Report by Type, Industry, Region – Global Forecast to 2026
Factoring Market Research Report By Type (International Factoring, Non-Notification Factoring & Notification Factoring), By Industry (Aerospace & Defense, Automotive & Transportation & Banking, Financial Services & Insurance), By Region (Americas, Asia – Pacific and Europe, Middle East and Africa) – Global forecasts to 2026 – Cumulative impact of COVID-19 New …
Read More »The strength of the dollar is holding back Asian currencies; Rupee bears reappear: Reuters poll
By Anushka Trivedi (Reuters) – Investors have made short bets on most emerging Asian currencies, according to a bimonthly Reuters poll, as a multitude of factors, including expectations of U.S. rate hikes, rising inflation and signs of slowing global economic growth, boosted the dollar. Long positions on the Singaporean dollar, …
Read More »Asia-Pacific Financial Markets | White & Case LLP
What’s next for Taiwanese banks and businesses? The severe impact of the COVID-19 pandemic on the global economy continued through 2020 and 2021, and the Asia-Pacific region (APAC) was no exception. Despite the many current challenges, justified optimism and robust business activity exists in the APAC lending markets, particularly in …
Read More »Internship opportunity at the Thai-Norwegian Chamber of Commerce
The Thai-Norwegian Chamber of Commerce is looking for an energetic, dynamic, responsible, eager to learn and qualified intern to join its growing organization. In this position, you will be expected to learn the ins and outs of daily house routines and procedures. You will be able to apply your knowledge …
Read More »UAE Central Bank to bring together world leaders to explore future of finance
Central bank governors, industry leaders and heads of financial and technological institutions from around the world will meet in Dubai next week to discuss the future of finance at a conference hosted by the Central Bank of the United Arab Emirates. The two-day event – Future of Finance – will …
Read More »Calfee, Halter & Griswold sue on behalf of noteholders of RP Oldco Inc. (formerly Rustic Pathways Australia (USA), Inc.) against Henry David Venning and other insiders
NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) – Law firm Calfee, Halter & Griswold LLP has filed a complaint on behalf of the noteholders of RP Oldco Inc., formerly known as Rustic Pathways Australia ( USA), Inc., against Henry David Venning, Michael C. Lucas as Trustee of the Henry David …
Read More »DXC Deploys SAP on Google Cloud to Modernize Cement Building Materials Business in Thailand
Credit: Dreamstime Siam Cement Group’s (SCG) Cement-Building Materials business selected DXC to modernize critical IT applications in order to accelerate cloud migration plans through the deployment of Google Cloud-based SAP solutions. The terms of the partnership will focus on upgrading the Global System Integrator (GSI) and migrating the organization’s Enterprise …
Read More »Hong Kong central bank refines green finance benchmarks
HONG KONG – Strengthening its environmental credentials, Hong Kong’s de facto central bank recently donated 100 green and pink lunch boxes to its employees in a bid to reduce plastic waste and raise awareness of environmental issues. But the Hong Kong Monetary Authority does more than just hand out food …
Read More »Solar panels are not as green as you might think as battle looms over ‘massive’ panel tariffs
Solar panels are not as environmentally friendly as you might think. And now, an industry group says looming tariffs will cripple the industry. The bulk of solar panels are imported into the United States, which makes them cheaper but not necessarily environmentally friendly. The problem is how the panels are …
Read More »ScandAsia opens applications for an internship in spring 2022
ScandAsia invites undergraduate journalism students from the Nordic countries to apply for an internship on the website and news magazine for the next six months, from February 1, 2022 to the end of July 2022. The application deadline is November 10, 2021 at 12:00 p.m. As an intern at ScandMedia, …
Read More »Thailand to rely more on bonds to close $ 68 billion funding gap
(Bloomberg) – Thailand plans to dramatically increase the share of long-term sovereign bonds to meet its financing needs as Southeast Asia’s second-largest economy continues to suffer from the coronavirus pandemic. Bloomberg’s Most Read Bonds will account for 48% to 56% of government borrowing of 2.3 trillion baht ($ 68.4 billion) …
Read More »Lordstown Motors in talks to sell its 6.2 million square foot plant to Taiwan’s Foxconn
Electric vehicle start-up Lordstown Motors made headlines when it bought a 6.2 million square foot plant from General Motors in 2019. Now it looks like the startup is strapped for cash. will likely sell this facility to the Foxconn Technology Group in Taiwan. The news was first reported by Bloomberg, …
Read More »Chinese vaccine diplomacy falters as nations seek Western gunfire
(Bloomberg) – As the Covid-19 vaccine rolled out, Chinese fire saved countless lives. They launched inoculation programs in Asia, Latin America, and the Middle East, while richer countries racked up scarce mRNA injections from Pfizer Inc. and Moderna Inc. Bloomberg’s Most Read But many governments that once relied on vaccines …
Read More »Warren openly opposes Powell’s second term as Fed chief; Powell urges increase US debt limit
Good day. Senator Elizabeth Warren on Tuesday became the first Democratic senator to publicly oppose a second term for Federal Reserve Chairman Jerome Powell, criticizing him during a Senate Banking Committee hearing for weakening banking regulations which, according to her, left the US financial system more at risk of a …
Read More »Bank of Thailand keeps policy rate at record high as Covid-19 outbreak eases
The Bank of Thailand’s Monetary Policy Committee decides to keep its key rate unchanged for 11 consecutive meetings. (Reuters photo) The Bank of Thailand kept its policy rate unchanged on Wednesday as the Covid-19 epidemic in the country eases, allowing the government to ease movement restrictions to boost local demand …
Read More »Komansky, CEO who led Merrill’s global growth, dies at 82
Breadcrumb Links PMN company Author of the article: Bloomberg News Laurence Arnold and Katherine Doherty Content of the article (Bloomberg) – David Komansky, a college dropout who joined Merrill Lynch & Co. as a stock broker and expanded the company around the world as president and CEO during the bull …
Read More »Tourism sector in Thailand slows down suicide rates
The tourism sector represents more than 11.5% of the country’s total GDP. The World Bank said the shock of the Covid 19 wave caused the economy to contract 2.6% in the first quarter of 2021, after a 6.1% drop in GDP in 2020 – one of the contractions strongest among …
Read More »Overview of the global energy-based aesthetic devices market to 2026
DUBLIN, September 27, 2021 / PRNewswire / – The report “Energy-based Aesthetic Device Market Research Report by Productivity, by Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” has been added to ResearchAndMarkets.com offer. Research_and_Market_Logo The global market size for energy-based aesthetic devices has been estimated to be …
Read More »Chinese company to add $ 1.2 billion in Thai water supply program to Belt and Road
The Yuam River near Mae Sariang (Ernie & Katy Newton Lawley / CC BY 2.0) A Chinese entrepreneur is in pole position to win an ambitious water diversion project in Thailand, according to Nikkei Asia. If successful, the offer will be a significant step forward in China’s efforts to extend …
Read More »Thailand approves 100 billion baht budget to help small businesses
Minister Arkhom said the committee plans to seek Cabinet approval for the budget to help SMEs grappling with the impacts of the protracted pandemic soon. Thailand’s Ministry of Finance revealed that the state committee, charged with reviewing the use of the country’s borrowing to restore the COVID-hit economy, approved a …
Read More »Authorities crack down on fraudulent SMS
BANGKOK: Ministry of Digital Economy and Society, Telecommunications Regulator, and Police are now cracking down on illegal gambling and fraudulent lending websites, as well as their SMS invitations sent to general phone users . The parties concerned are now invited to block the sending of these messages or face sanctions …
Read More »Ministry of Finance Confirms Thailand Has Strong Debt Repayment Capacity
Mr Arkhom said the decision of the State Monetary and Fiscal Policy Committee to raise the ceiling on the public debt-to-GDP ratio from 60% to 70% will allow more borrowing to rehabilitate an economy affected by the protracted pandemic of COVID-19. Thailand’s finance ministry said the government should have no …
Read More »SMEs to receive $ 100 billion in support
The government has set aside 100 billion baht to help small and medium-sized enterprises (SMEs) grappling with the impact of the protracted pandemic, said Finance Minister Arkhom Termpittayapaisith. He said the state committee responsible for reviewing the use of the country’s borrowing to restore the virus-stricken economy had approved a …
Read More »How to adapt your Nordic business to the Asian market
It is common knowledge that a business will not necessarily have the same success in two different countries. Sometimes it might be the product itself that just isn’t as popular in a new location. Other times, however, it’s just a matter of adjusting the marketing to better target the new …
Read More »Hong Kong mogul Richard Li’s FWD releases U.S. IPO filing
Richard Li, Hong Kong businessman and youngest son of tycoon Li Ka-shing, signals as he arrives to vote in the election of the next Hong Kong general manager in Hong Kong, China on March 26, 2017 . REUTERS / Bobby Yip September 23 (Reuters) – Insurance company FWD Group Holdings …
Read More »Asian Currency Short Bets Rise On Weakening Fed Outlook: Reuters Poll
By Rushil Dutta (Reuters) – Bearish bets on most Asian currencies edged up slightly ahead of a U.S. Federal Reserve meeting in which they hinted at possible rate hikes next year, while Bullish bets on the yuan have reversed, according to a Reuters poll on Thursday. At its policy meeting …
Read More »Industry body says Thai government needs to borrow additional 1,000 billion baht
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 …
Read More »Rubber Market Size and Outlook 2020-2027
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 …
Read More »Fintech Apps Sees Increase in Downloads Amid Pandemic
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 …
Read More »Industry body makes long-term plans to develop Vietnam’s electric vehicles
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 …
Read More »Raffles Financial to acquire Alto Vencap | Taiwan News
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“), …
Read More »Official arrested for pocketing Covid B13m money for people with disabilities
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 …
Read More »Beijing’s sovereign digital currency push to boost Hong Kong fintech startups
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 …
Read More »Fed policy and Evergrande debt weigh on sentiment
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 …
Read More »Thai VAT on online services entered into force
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 …
Read More »Global Respiratory Protective Equipment Market Research Report (2021-2026)
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 ResearchAndMarkets.com offer. The global respiratory protective equipment market size was estimated at USD 70.04 billion in 2020 …
Read More »LU International, KASIKORNBANK and Robowealth jointly launch a new feature on FinVest
The first app for Thai investors to invest directly in offshore mutual funds from 33 local and global asset management companies SINGAPORE, September 17, 2021 / PRNewswire / – Lu International (Singapore) Financial Asset Exchange Pte. Ltd. (“Lu International”), a subsidiary of from China Lufax Holding (NYSE: LU), a leading …
Read More »Electric vehicles will experience substantial growth and infrastructure development will expand accordingly
Dublin, Sep 16, 2021 (GLOBE NEWSWIRE) – The report “Thailand Automotive Outlook, 2021” has been added to ResearchAndMarkets.com offer. Thailand’s TIV fell 21.4% in 2020 from 2019. Sales are expected to increase 8.7% (year-on-year growth rate) in 2021 to reach 861,000 units. The commercial vehicle (CV) segment continues to dominate …
Read More »Thailand’s micromobility market to reach $ 15,102.1 million by 2030, according to P&S Intelligence
NEW YORK, September 15, 2021 / PRNewswire / – The Value of Thailand the micromobility market will grow from $ 11.8 million in 2020 at $ 15,102.1 million by 2030, to a CAGR of 98.7% between 2021 and 2030, according to the market research report published by P&S Intelligence. P_and_S_Intelligence_Logo …
Read More »Join the FinnCham HK Sustainability Committee for Beach Cleanup Day 2021
The Finnish Hong Kong Chamber of Commerce invites you to participate in Beach Cleanup Day 2021, hosted by the FinnCham Sustainability Committee at Pui O Beach in Lantau on September 18. Learn more about the event: It’s time to clean up and contribute to our society! Let’s save our Earth …
Read More »SOS Food Rescue Foundation to Host Thailand’s First Food Waste Change Event: Zero Summit 2021
SOS Food Rescue Foundation to Host Thailand’s First Food Waste Change Event: Zero Summit 2021 We are reaching the irreversible point of the climate change crisis, and with the persistent environmental and socio-economic problems, the statement could not be more specific. The United Nations is calling for immediate action, a …
Read More »All eyes on U.S. jobs data for clues on the Fed’s direction
Recap: US equity futures rose yesterday as European markets were mixed as investors watched key Eurozone economic indicators and waited for a US jobs report that could determine when the Federal Reserve will begin to close. withdraw its economic stimulus. Most Asia-Pacific stocks edged up while Chinese stocks declined amid …
Read More »Thailand to start collecting taxes from foreign tech companies
FILE PHOTO: The Google logo is seen at the gathering of startups and high tech leaders, Viva Tech, in Paris, France, May 16, 2019. REUTERS / Charles Platiau / File Photo BANGKOK, Sept.1 (Reuters) – Thailand will start collecting value added tax (VAT) from foreign tech companies on Wednesday and …
Read More »India 6th largest country in terms of DeFi adoption: Chainalysis
NEW DELHI: DeFi or decentralized finance represents one of the fastest growing and most innovative sectors of the cryptocurrency economy, and India ranks sixth in terms of DeFi adoption, according to DeFi Global Adoption Index 2021 by blockchain data platform Chainalysis. The United States had the highest adoption of DeFi, …
Read More »PrimeRevenue and IFS Capital Announce Strategic Partnership to Provide Supply Chain Finance Solutions in Southeast Asia
ATLANTA, August 24, 2021 / PRNewswire / – PrimeRevenue, Inc., the leading provider of technology-based working capital solutions, and IFS Capital Limited (âIFS Capitalâ) announce a new strategic partnership designed to meet the trade finance needs of large and medium-sized enterprises in the South East Asia. Supply chain finance is …
Read More »Regulators define sustainable finance initiatives
Strategic initiatives include the development of a sustainable finance taxonomy, the ESG data environment and sustainable finance products. The Thailand Sustainable Finance Task Force has identified five key strategic initiatives to promote sustainable finance across the financial sector. The working group includes the Office of Tax Policy, BOT (Bank of …
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