BANGKOK (The Nation / Asia News Network): The Bank of Thailand and the Ministry of Finance have jointly implemented two key measures to help businesses cope with the economic fallout from the Covid-19 crisis, Thanakorn Wangboonkongchana, spokesperson speech of the Center for Economic Situation Administration (CESA), said. Credit will be …
Read More »Thailand’s first twin deficit in nearly a decade to hit the baht
BANGKOK, Aug.21 (Bloomberg): Thailand is heading for a rare current account deficit this year as the country misses billions of dollars earned from tourism, likely increasing pressure on the country’s already battered currency. Southeast Asia’s second-largest economy could post a current account deficit of $ 10.3 billion, or 2 percent …
Read More »Profit from CPN, turnover increases despite difficult conditions
CentralWorld shopping mall in Bangkok. The CPN provides vaccination centers in 23 of its shopping centers across the country, covering a total area of ââ40,000 square meters. Central Pattana Plc (CPN) made profits of 1.27 billion baht on total revenue of 6.36 billion baht in the second quarter of 2021. …
Read More »Portable Ultrasonic Devices Market Research Report by Device Type, Application, End User, Region – Global Forecast to 2026
Portable Ultrasound Devices Market Research Report By Device Type (Wearable & Mobile), By Application (Cardiovascular, Gastric & Musculoskeletal), By End User, By Region (Americas, Asia Pacific & Europe, Middle East and Africa) – Global Forecast to 2026 – Cumulative Impact of COVID-19 New York, Aug 09, 2021 (GLOBE NEWSWIRE) – …
Read More »Pandora improves its financial forecast for 2021
Based on a strong performance in the second quarter of 2021 and a recently revised forecast for the rest of the year, Pandora is improving its financial forecast for 2021. Organic growth expectations are increased to â16% -18%â, instead of âabove 12%â and EBIT margin expectations are increased to â23% …
Read More »Global construction plastics market of $ 80.9 billion to 2026
Dublin, Aug 06, 2021 (GLOBE NEWSWIRE) – The report “Construction Plastics Market Research Report by Plastic Type, End User, Region – Global Forecast to 2026 – Cumulative Impact of COVID-19 “has been added to ResearchAndMarkets.com offer. The global construction plastics market size was estimated at $ 80.91 billion in 2020 …
Read More »Singapore’s DBS increases payments as other lenders recover from COVID
SINGAPORE – Banks in Singapore eased their purse strings this week to reward investors on strong second quarter results, showing they are confident the recovery from COVID-19 remains on track despite setbacks in Asia. DBS Group Holdings, Southeast Asia’s largest lender, on Thursday announced interim payments to shareholders at 33 …
Read More »Nexus fast payment system could be the bank’s next big innovation
In over 60 countries, including many developing countries, it has become incredibly easy to send money in real time to someone else over the internet, knowing nothing more than their cell phone number. However, 24/7 fast payment systems, a technology that is starting to work quite well for low value …
Read More »Tourism dependent economies face second summer Covid crisis
Emerging tourism-dependent economies that were already struggling before the pandemic with strained finances and inflated debt are bearing the cost of their second consecutive collapse of the summer season as the spread of the coronavirus pushes visitors away. In the first five months of this year, global international arrivals were …
Read More »LG adds mic and speaker to high-tech air-purifying mask
Remember the high-tech masks teased during the early days of the COVID-19 pandemic? Not many people have walked into stores (or on our faces) yet, but it has given companies even more time to incorporate upgrades. Like LG, who used the Tokyo Olympics (and Team Thailand) to showcase their upgraded …
Read More »Covid-19 outbreaks leave Southeast Asia with little policy space
July 24, 2021 THEAST YEAR Many countries in Southeast Asia have been praised for avoiding large epidemics of covid-19, even though they saw a sharp decline in production. They did not come out unscathed this year. While widespread vaccination can limit the spread and severity of the Delta variant across …
Read More »SCB 10X Announces Second Annual DeFi Global Virtual Summit, “REDeFiNE Tomorrow 2021”
Bangkok – SCB 10X (https://www.scb10x.com/), the venture capital arm of Siam Commercial Bank of Thailand and one of the largest venture capital funds in Southeast Asia, announced today that it will host its second annual global virtual summit on decentralized finance, REDeFiNE Demain 2021, from July 22 to 23 from …
Read More »Indonesia to balance economy with pandemic support (Minister of Finance)
Indonesia must “protect the people” and spend more to support them during the pandemic – and this should not harm economic recovery, the country’s finance minister Sri Mulyani Indrawati said on Tuesday. The so-called social safety net for Indonesians has been increased by 20% while health spending has increased by …
Read More »APAC Monthly Legal Developments on Private Wealth – July 2021
Welcome to Herbert Smith Freehills monthly updates on the Asian Wealth Management Industry. Each month, we survey ten Asian jurisdictions on legal developments regarding trust and estate planning of interest to the private wealth industry, and provide a succinct summary in tabular form. The jurisdictions covered by the update are …
Read More »UPDATE 2-Thai protesters clash with police near Government House
(Updates with end of protest, other details) By Vorasit Satienlerk and Juarawee Kittisilpa BANGKOK, July 18 (Reuters) – Police used tear gas, water cannons and rubber bullets to disperse protesters who tried to march on the office of Thai Prime Minister Prayuth Chan-ocha on Sunday to demand that he resigns …
Read More »DeFi and Blockchain projects to invest in, Crypto VC shares the Bull deal
Mukaya (Tai) Panich is CIO and Chief VC at SCB 10X, the venture capital arm of Siam Commercial Bank. Panich told Insider why Thailand’s largest and oldest bank is bullish on decentralized finance. It also shares top 6 crypto investments and the type of DeFi projects the company is looking …
Read More »UnionPay collaborates with Dolfin E-wallet to offer more payment options and privileges to customers in Thailand
BANGKOK, July 16, 2021 / PRNewswire / – UnionPay International (“UPI”), one of the world’s leading providers of payment services, has partnered with Thailand Dolfin electronic wallet application for an electronic coupon reward program. Until September 30, 2021, Dolfin users who carry out transactions with a UnionPay card added to …
Read More »Singapore-Based Tinvio Raises $ 12 Million Series A To Create Financial Services For Supply Chain Merchants – TechCrunch
It was first created to provide traders in the supply chain with a streamlined way to communicate with buyers. Tinvio We are currently preparing to launch financial services such as loans and credit card issuance. The Singapore-based startup announced today that it has raised $ 12 million in Series A …
Read More »Collaboration between Gojek and AirAsia strengthens its market presence in Southeast Asia: INDEF
TEMPO.CO, Jakarta – Institute for Economic and Financial Development (INDEF) researcher Nailul Huda observed that the collaboration between Gojek and AirAsia Group would have positive impacts on the growth of super apps in the Thailand and Southeast Asian markets. According to him, business sectors such as online transportation, logistics and …
Read More »Linklaters advises Ngern Tid Lor Public Company Limited on Thailand’s Largest Financial and Securities IPO in Thailand
Linklaters advised Ngern Tid Lor Public Company Limited (TIDLOR), a subsidiary of Bank of Ayudhya Public Company Limited (Bank of Ayudhya), in connection with its initial public offering (IPO) and the listing of its shares on the Stock Exchange of Thailand. The transaction represents the largest IPO in the finance …
Read More »DCCC Invites to Nanjing Exclusive Dialogue with European Businesses
The DCCC is pleased to inform you that the âNanjing Exclusive Dialogue with European Enterprisesâ conference will be held on July 13 at the Shanghai Garden Hotel. The âNanjing Exclusive Dialogue with European Businessesâ is a platform to enrich dialogues with around 200 senior representatives of European and Chinese institutions, …
Read More »Know your know-how
Sakchai Peechapat, CEO of Tisco Financial Group. Tisco Financial Group plans to leverage its expertise in auto lending and wealth management to expand its business once the pandemic is under control, managing director Sakchai Peechapat told the Bangkok Post in an exclusive interview. Car lending is the group’s core business …
Read More »Don’t use crypto for payments
The Bank of Thailand (BoT) claims that companies requesting “digital assets such as bitcoins and ether as payment for goods and services’ are fighting for a bruise. The central bank said Thursday that it will coordinate with Thailand’s Securities and Exchange Commission to mitigate risks associated with the country’s financial …
Read More »Restaurants affected by restaurant ban in Thailand offered low-interest loans
Minister Arkhom, the new remedy, called ‘Im Jai Loan’, will be limited to a maximum of 100,000 baht per claimant and will apply to established food and beverage businesses, such as restaurants, eateries and street stalls. department store food courts. The Thai Cabinet has earmarked 2 billion baht to help …
Read More »Fire at a chemical plant in Thailand; health problems remain
BANGKOK (AP) – Firefighters finally put out a blaze at a chemical plant just outside the Thai capital early Tuesday, more than 24 hours after it started with an explosion that damaged nearby homes and then spread let out a cloud of toxic smoke which caused a widespread evacuation. Little …
Read More »In Laos’ future, its financial stability depends on China
Bangkok [Thailand], July 3 (ANI): Laos, a country in Southeast Asia, is struggling to cope with its debt in a context of deterioration of sovereign ratings and depletion of foreign exchange reserves. Writing in the Asia Times, Peter Janssen said that the future of the country’s economy and its financial …
Read More »Thailand virus outbreak sparks concerns over intensive care units and vaccine supply
BANGKOK (AP) – Thai health officials reported more than 6,200 new cases of COVID-19 on Saturday, setting a record for a third day in a row, as concerns grew over shortages of treatment facilities and vaccine supplies . Authorities also reported 41 deaths, bringing the total to 2,181. About 90% …
Read More »Thailand Crawler Excavator Market Report 2021-2027
DUBLIN, July 2, 2021 / PRNewswire / – The “Thailand Crawler Excavator Market – Strategic Assessment and Forecast 2021-2027” the report was added to ResearchAndMarkets.com offer. Research and Markets logo Thailand The crawler excavator market grows at 5.98% CAGR during the period 2021-2027. Demand in the Thailand The crawler excavator …
Read More »Prayut’s government stuck in a self-made trap
People get Covid vaccines on May 30 at CentralWorld. Spiraling infections and jab shortages can lead to political upheaval. VARUTH HIRUNYATHEB Thailand’s multi-layered crises, from persistent viral infections and vaccine shortages to economic damage, are turning into a potential political upheaval. The devastating Covid-19 crisis is worse than Tom Yum …
Read More »Will transformative trends, technology adoption, be key for service providers? Advancement in the region
DUBLIN, June 30, 2021 / PRNewswire / – The “Growth Opportunities for Integrated Facilities Management in South East Asia” the report was added to ResearchAndMarkets.com offer. Research and Markets logo The Southeast Asia (SEA) Integrated Facilities Management (IFM) market is in the development lifecycle stage of growth, primarily driven by …
Read More »Latest coronavirus: New cases in Indonesia rise as Thailand, Malaysia and Australia close
Millions of Sydney residents will be subject to movement control orders until at least July 9, as the New South Wales state government announced more cases of Covid-19 on Sunday. Another 30 cases have been reported as authorities tighten restrictions and warn of potentially longer or broader restrictions to come. …
Read More »Public, private and logistics infrastructure Data monetization on the street lighting market stimulates collaboration with strategic industry players
DUBLIN, June 25, 2021 / PRNewswire / – The “Southeast Asia smart street lighting market calls for convergence of lighting and information technologies, 2020” the report was added to ResearchAndMarkets.com offer. Research and Markets logo The scope of the study covers lighting and control systems used as components in smart …
Read More »World Bank approves $ 400 million loan to Philippines
Posted: June 25, 2021, 12:41:05 PM The World Bank has approved a loan of US $ 400 million to support reforms that will help the Philippine government build a resilient financial sector and help ensure a more inclusive recovery from the COVID-19 pandemic. The bank said on Friday that the …
Read More »Updated Food Recall Warning (Allergen)
Product photos are available: https://inspection.canada.ca/eng/1624495844593/1624495849945 OTTAWA, ON, June 23, 2021 / CNW / – The food recall warning issued on June 3, 2021 has been updated to include additional product information. This additional information was identified during the Canadian Food Inspection Agency (CFIA) food safety investigation. Searay Foods Inc. is …
Read More »Covid-19 Catalyzes Rapid Growth of Regtech Industry in Asia-Pacific
– Business Ireland unveils the regtech APAC landscape in the new “State of regtech in APAC” report. – The development gap between developed and developing economies is cited as a key concern for the regtech industry going forward. BEIJING, June 23, 2021 / PRNewswire / – Regtech in Asia Pacific …
Read More »Financial Application Marketers SEA Spent Over US $ 244 Million on User Acquisition in 2020
Southeast Asian marketers spent over US $ 244 million on user acquisition and remarketing efforts last year, accounting for around 8% of global marketing spend which totaled US $ 3 billion. US dollars in 2020. According to AppsFlyer’s 2021 State of Finance App Marketing report, marketing spending in the region …
Read More »DGTR recommends anti-dumping duty on imports of aluminum foil
The Trade Remedies Directorate (DGTR) recommended imposing anti-dumping duties on imports of aluminum foil from China, Malaysia, Thailand and Indonesia to compensate for the injury caused to the domestic industry by cheaper imports. After a year-long investigation into complaints filed by Hindalco Industries Ltd, Raviraj Foils Ltd and Jindal India …
Read More »Thailand achieves better competitiveness rate
Traisuree: PM satisfied with the result Prime Minister Prayut Chan-o-cha is pleased with the improvement in the country’s competitiveness revealed by the World Competitiveness Center, said deputy government spokesperson Traisuree Taisaranakul. Fitch Ratings, meanwhile, maintained Thailand’s sovereign credit rating at BBB + despite the economic slump caused by the Covid-19 …
Read More »Thousands of people to receive Sinopharm vaccine
More than 5,000 organizations will be awarded the Chinese Sinopharm vaccine in the first phase of registrations. The Chulabhorn Royal Academy (CRA) announced yesterday on Facebook that 5,199 organizations will receive the Sinopharm vaccine for 476,682 people and that they will get more details within three days. The update would …
Read More »Hwa Fong Rubber (Thailand) PCL
The stock of Hwa Fong Rubber (Thailand) PCL (BKK: HFT, 30-year Financials) gives all indications of being significantly overvalued, according to the GuruFocus value calculation. The GuruFocus Value is GuruFocus’s estimate of the fair value at which the stock is to trade. It is calculated based on the historical multiples …
Read More »Investment Analysis Report on Thailand Data Center Market 2021-2026 with Major Players
Dublin, June 17, 2021 (GLOBE NEWSWIRE) – The “Thailand Data Center Market – Investment Analysis and Growth Opportunities 2021-2026” the report was added to ResearchAndMarkets.com offer. The Thai data center market will experience investment of $ 1 billion by 2026, growing at a CAGR of 8% during 2021-2026. This report …
Read More »Emerging Asia faces risk of capital flight as Fed announces rate hike
SINGAPORE – Capital has started to flow out of emerging Asian markets as coronavirus outbreaks slow the region’s economic recovery as investors consider the likelihood of an interest rate hike in the United States and Europe. International investors sold $ 500 million more stocks and bonds than they bought in …
Read More »XSpring Capital Confirms $ 225 Million Fund Raising To Boost Digital / Traditional Market
High returns‘ holding company Spring capital formerly known as Seamico Securities, raised US $ 225 million in funding through a partnership with Sansiri, Viryah Insurance and local private investor Mongkol Prakitchaiwattana. Xspring Capital says it will use the funds to build its fully integrated financial market that combines traditional and …
Read More »HIS Thailand Partners With Thailand Elite To Promote Long Term Thai Residency & Privileges Program
Thailand, renowned for its beautiful beaches, unique culture and friendly people, can now be more than just a vacation destination. BANGKOK, June 15, 2021 / PRNewswire / – SES TOURS CO., LTD. (HIS Thailand), a Thailandtravel agency based, has partnered with Thailand Elite to strengthen and expand the Thailand Elite …
Read More »Phuket, Thailand opens its doors to vaccinated tourists
Do you dream of traveling? More and more countries are reopening to travelers. And now Thailand is the latest to reopen to visitors. The Tourism Authority of Thailand (TAT) has announced that vaccinated travelers from low-risk countries will be allowed direct travel to Phuket from July 1. As of this …
Read More »Asean news headlines at 9 p.m. on Sunday June 13
Malaysia: Covid-19: 5,304 new cases bring the total to 657,508 Ismail Sabri: Government studies possibility of relaxing SOPs if Covid-19 cases fall below 4,000 Muhyiddin: KL and Putrajaya set to get collective immunity earlier in August Malaysia expels conspiracy theorist wanted in France for kidnapping ECRL faces new risk linked …
Read More »At G-7 summit, world leaders must commit to increasing climate finance for developing countries
Courtesy of Union of concerned scientistsThrough Rachel Cleetus the G-7 Leaders Summit is underway, June 11-13, in Cornwall, UK. As the host country for this summit and the annual climate talks later this year (also known as COP26), the UK will clearly increase the need for climate action, while also …
Read More »Growing confidence drives stocks up
If you build a sandbox, will they come? Recap: Global stocks extended their record highs with the MSCI All Country World Index, poised for a fourth weekly advance amid rising confidence. European stocks rallied after the European Central Bank raised its inflation forecast and renewed its pledge to aggressively buy …
Read More »FinCEN Files survey named Pulitzer Prize finalist
The FinCEN Files survey was recognized as a finalist for the 2021 Pulitzer Prize for International Reporting, bringing more praise to the groundbreaking project from the International Consortium of Investigative Journalists, BuzzFeed News and over 100 other media partners across the world. Columbia University Pulitzer Council recognized the FinCEN Files …
Read More »G-7 tax deal ripples through Singapore and beyond: what you need to know
SINGAPORE – Last week, the Group of Seven Advanced Economies pledged to set a global corporate tax rate of “at least 15%” – a major step in promoting fairer taxation in the world. era of globalization and digitization. While the G-7’s proposal will be discussed further in the coming weeks …
Read More »Global Ceramic Sanitary Ware Market (2020 to 2026)
Dublin, June 10, 2021 (GLOBE NEWSWIRE) – The “Ceramic Sanitary Ware Market Research Report by Technology, Application, Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” report was added to ResearchAndMarkets.com offer. The global ceramic sanitary ware market size was estimated at USD 45.27 billion in 2020 and …
Read More »Global Bariatric Lifting Market Research Report (2020 to 2026) – by Product and Region
the “Bariatric Lifting Market Research Report By Product, By Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” report was added to ResearchAndMarkets.com offer. The global bariatric lifting market size was estimated to be $ 72.56 million in 2020 and is expected to reach $ 76.67 million in …
Read More »Firm backs 2.25 billion baht for employment plan
Firm backs 2.25 billion baht for employment plan First group of new graduates to benefit The cabinet on Tuesday approved the allocation of 2.25 billion baht from a central budget earmarked for emergency purposes in fiscal year 2021 to hire 10,000 new college graduates for a year, with the aim …
Read More »Wirecard Fallout to stimulate FinTech in the region
Wirecard has built a business with many qualified people and good assets, said the founders of Railsbank and Finch Capital, who acquired the legal entities of the payment processor in the UK and parts of South Asia respectively. -Is. “Wirecard has been a huge blow to fintech, and we all …
Read More »Wireless Connectivity Market Research Report by Connectivity Technology, Type, Application, Region – Global Forecast to 2026
Wireless Connectivity Market research report by Connectivity Technology (Bluetooth Classic, Bluetooth Smart and Bluetooth Smart Ready), by Type (Cellular M2M, Low Power WAN and Satellite), by Application, by Region (Americas, Asia-Pacific, and Europe, Middle East and Africa) – Global forecasts to 2026 – Cumulative impact of COVID-19 New York, June …
Read More »FirstFT: Today’s best stories | Financial Time
Hello. This article is an on-site version of our FirstFT Asia newsletter. register here to receive the newsletter directly in your inbox every weekday morning The G7 tax deal struck by the world’s leading advanced economies this weekend is the first substantial evidence of relaunched international cooperation since President Joe …
Read More »Crypto Week at a Glance: Consolidation Continues with Looming Breakout
The past week has been a period of consolidation as the market attempts to break out of current levels to regain bullish trends. We had the Miami Bitcoin 2021 conference, yet another tweet from Musk that got the market moving, and the continued and unsurprisingly march of crypto and blockchain …
Read More »Hello Thailand | Man behind sandbox, vaccine rollout, thousands of restaurants suffer
It’s official, in a way. After months of debating whether this will really happen, the Center for Economic Situation Administration has officially approved the Phuket Sandbox plan, an important step forward. The announcement, made at the end of the afternoon, appears to answer the often-asked question of whether the sandbox …
Read More »CFOs on the move: week ending June 4
Aradhana Sarin Aradhana Sarin will become CFO at AstraZeneca when its takeover of Alexion Pharmaceuticals is finalized later this year. Dr Sarin is currently Executive Vice President and Chief Financial Officer of Alexion. She joined Alexion in November 2017 and was Chief Business and Strategy Officer before becoming CFO. Prior …
Read More »Growth in online jewelry shopping and how Thailand can serve you
BANGKOK, June 4, 2021 / PRNewswire / – The growing demand for colorful gemstones and silver jewelry and online shopping has boosted the popularity of already well-known Thai jewelry. To meet such demand, the upcoming Bangkok Gems & Jewelry Virtual Trade Fair (BGJF) enters June 22-24, 2021 is ready to …
Read More »Soaring food prices seem to be the recipe for trouble
A farmer harvests corn in Woodburn, Indiana, USA, October 16, 2020. REUTERS / Bing Guan Emerging markets struggling to procure Covid-19 vaccines could have another kick in the guts: food inflation. The Food and Agriculture Organization of the United Nations (FAO) said Thursday read more that its world food price …
Read More »Avivagen Inc.Announces Results for the Second Quarter Ended April 30, 2021
OTTAWA, Ontario – (COMMERCIAL THREAD) – Avivagen Inc. (TSXV: VIV, OTCQB: VIVXF) (âAvivagenâ), a life sciences company focused on the development and commercialization of livestock, companion animal and human products that improve safe food intake and support immune function, supporting general health and performance, announced its unaudited financial results for …
Read More »Thailand Unveils Additional $ 4.5 Billion Stimulus Package | World
The Thai economy is facing strong headwinds from the latest COVID-19[female[feminine epidemic (Photo: AFP) Bangkok (VNA) – The Thai government on June 1, approved a new 140 billion baht (US $ 4.5 billion) economic stimulus package to mitigate the economic impact of the COVID-19 pandemic. The country is struggling to …
Read More »Thailand sees $ 15 billion injected into S2 to help economy amid outbreak | Investment News
BANGKOK (Reuters) – The Thai government expects baht 473 billion ($ 15.2 billion) to be pumped into the economy in the second half of the year after approving a stimulus package on Tuesday to mitigate the impact of a third wave of COVID-19 infections, an official said. . The Southeast …
Read More »Asia-Pacific: recovery delayed but not derailed
The ASEAN-6 economies have seen a surge in Covid-19 cases since the start of 2021, which has led to the reinstatement of social distancing measures. Thailand has recorded more than 120,000 cases since April compared to less than 7,000 in all in 2020. On the other end of the spectrum, …
Read More »PropertyGuru to acquire REA Group units in Malaysia and Thailand
Bloomberg This time it’s different: apart from OPEC +, oil growth is stagnating (Bloomberg) – âThis time is differentâ are perhaps the most dangerous words in business: billions of dollars have been lost betting history won’t repeat itself. And yet, now in the oil world, it looks like it really …
Read More »Broad loan support
The government is ready to take on more debt in its fight against the Covid-19 pandemic, by issuing an executive decree authorizing the finance ministry to borrow an additional 500 billion baht until September of next year to protect health public and revitalize the economy. While new funds are generally …
Read More »Phuket officials contact companies hammered by COVID, deny loans
PHUKET: Phuket officials are calling on all businesses on the island suffering heavily from the COVID economic crisis – and previously denied support loans – to register their details so the provincial government can develop plans to restart the country’s economy ‘island with a budget of 250 billion B2 for …
Read More »HSI returns stolen sacred artifacts to Thailand in commemoration ceremony
Homeland Security Investigations (HSI) returned two hand-carved sandstone lintels – structural components of 9th and 10th century religious shrines in northeast Thailand – in a formal commemoration ceremony held Tuesday at Crozier Fine Arts. The sacred lintels had been stolen and illegally exported from Thailand over 50 years ago. The …
Read More »UPDATE 1-Royal Academy seeks 1 million vaccines as Thailand approves Sinopharm
(Releads, add details throughout) BANGKOK, May 28 (Reuters) – A royal academy chaired by Princess Chulabhorn, the king of Thailand’s younger sister, announced on Friday that it will import 1 million doses of Sinopharm’s COVID-19 vaccine next month, after the Food and Drug Administration (FDA) cleared its use. “We want …
Read More »Align Technology to speak at upcoming financial conferences
TipRanks 2 âStrong buyâ dividend shares with a yield of 7% Investment firm Morgan Stanley had set a 3,900 year-end target for the S&P 500 – and it is already out of date. The index stands at 4,196, 7.5% above Morgan Stanley’s target. Since the start of the year, despite …
Read More »Happiest countries in Asia 2021
Some of these countries have handled the pandemic well, others not. It made almost no difference in the way people rated their satisfaction with life. INTRODUCTION The 2021 edition of the World Happiness Report specifically explored how some Asian countries such as China and South Korea have managed to withstand …
Read More »Thailand reports daily record of 41 new COVID-19 deaths
Bloomberg Hong Kong’s old-school tycoons lose to Chinese bosses (Bloomberg) – The prediction was vintage Jack Ma, as provocative as it is prescient. “It’s the internet age,” proclaimed the Chinese billionaire in October 2013, just weeks after his intention to go public with Alibaba Group Holding Ltd. in Hong Kong …
Read More »UPDATE 1-Thai King Approves $ 16 Billion Loan Bill for COVID-19 Response
* New loans to add growth of 1.5 ppts in 2021-2022 * Public debt / GDP ratio seen at 58.56% at the end of September (Addition of details, Deputy Prime Minister, comments by the Minister of Finance) BANGKOK, May 25 (Reuters) – The King of Thailand has approved a bill …
Read More »Thai king approves $ 16 billion loan bill for COVID-19 response
NOTNew loans to increase growth by 1.5 points in 2021-2022 Public debt / GDP ratio at 58.56% at the end of September Addition of details, Deputy Prime Minister, comments from the Minister of Finance BANGKOK, May 25 (Reuters) – The King of Thailand has approved a bill to borrow up …
Read More »Fed Governor: US has hurdles for CBDCs
Share Tweet Share Share Share E-mail Is the United States ready for a digital dollar? Not just yet, Federal Reserve Governor Lael Brainard said in a speech to CoinDesk’s Consensus 2021 Monday (May 24). There are a few policy considerations to take into account first, Brainard said, such as maintaining …
Read More »Thai central bank says policy rate will stay low for 1-2 years
Business Thailand’s benchmark interest rate will likely stay at an all-time high of 0.5% for a year or two until the economy clearly recovers, a senior central bank official said on Monday. FILE PHOTO: The central bank of Thailand is seen at the Bank of Thailand in Bangkok, Thailand April …
Read More »Southeast Asian countries step up tax efforts
TOKYO – A wave of efforts to increase corporate tax revenues is sweeping across Southeast Asia as governments rush to fill yawning budget holes created by economic hardship from the COVID-19 pandemic. For example, tax authorities are stepping up the pace of investigations and applying stricter rules to businesses than …
Read More »MEIL to transport 11 cryogenic tanks from Thailand to mitigate O2 crisis
Amid an acute shortage of medical oxygen in the country in the fight against Covid-19, Megha Engineering & Infrastructures Limited (MEIL) has made arrangements to import 11 cryogenic tanks from Thailand. These reservoirs, provided free of charge by MEIL, will increase the supply of liquid medical oxygen to hospitals in …
Read More »Brown Line, motorway projects win the head of the MRTA
The Brown Line monorail from Khae Rai to Lam Sali, with an accompanying highway, has been approved by the Mass Rapid Transit Authority (MRTA). MRTA Governor Pakapong Sirikantaramas made the announcement after a meeting of the MRTA Board of Directors which also discussed the source of funding for the construction …
Read More »High competitive intensity seen in the data center colocation services market in Thailand
Bloomberg Inflation bets rise on fear Brazil will not raise rates enough (Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics, and subscribe to our podcast Brazil’s inflation expectations are going in the wrong direction as investors fear the central bank may not be bold enough …
Read More »Call for proposals Human Rights Fund 2021 Thailand, Cambodia and Laos | Information
News article | 20-05-2021 | 17:07 The Embassy of the Kingdom of the Netherlands is pleased to invite CSOs from Thailand, Laos and Cambodia to participate in the call for project proposals within the Human Rights Fund of the Ministry of Business foreigners from the Netherlands. The objective of the …
Read More »Thai non-life insurers demonstrate resilience but challenges remain
Despite an economic contraction linked to COVID-19 in 2020 in Thailand, the country’s non-life insurance market has still managed to grow, driven by strong growth in the healthcare segment, according to a new report. AM best report. With the pandemic’s negative effects on Thailand’s exports and tourism, the country’s real …
Read More »Electric 3 Wheeler Market Research Report by Range, Engine Power, Battery Type, End Use – Global Forecast to 2025
Electric 3-wheel market research report by range (above 50 miles and up to 50 miles), by motor power (1000 to 1500 W, above 1500 W and below 1000 W), by battery type, by end use – Global forecast to 2025 – Cumulative impact of COVID-19 New York, May 14, 2021 …
Read More »Thai FDA says vaccines don’t need WHO approval
The Tourism Authority of Thailand predicts that 129,000 tourists will arrive on the southern island of Phuket within the first 3 months of its reopening. Officials still insist the island will reopen for non-quarantine travel for foreign tourists vaccinated from July 1. And according to the Bangkok Post, the TAT …
Read More »Thai airlines call for meeting with prime minister to discuss concessional loans
The State Enterprise Policy Office has said the government will not support a billion baht infusion of funds for Thai Airways. The national airline is currently the subject of bankruptcy proceedings. SEPO’s Pantip Sripimol said Thailand’s finance ministry would not recapitalize the carrier, although it remains its largest shareholder. The …
Read More »Upcoming changes in Thailand’s long-standing approach to NGOs
Thailand’s traditional approach to local non-governmental organizations (NGOs) and international non-governmental organizations (INGOs) will soon be a thing of the past. After nearly three decades of flexible engagement with so-called “nonprofit organizations”, the Thai government has recently developed a draft law on the operations of non-profit organizations, which is currently …
Read More »Daily Covid-19 toll hits new record today with 34 deaths
The Department of Public Health announced 32 new Covid-related deaths and 4,887 new infections in the past 24 hours. 2,835 of the new cases come from 2 of Bangkok’s largest prisons (below). Even with new infections in prisons subtracted from the total, Thailand added more than 2,000 new cases to …
Read More »Besieged operator KrisEnergy wins arbitration victory in Thailand
Singapore-based independent KrisEnergy has settled its arbitration with Northern Gulf Petroleum over a dispute relating to KrisEnergy’s G6 / 48 block operations off Thailand. The northern Gulf on Tuesday struck an agreement that allowed it to pay KrisEnergy nearly US $ 2.5 million in full and final settlement of its …
Read More »CV prepares 320 million IPO shares
Saithsiri Saksitthisereekul, CEO of Clover Power Plc. Clover Power Plc (CV), a developer of one-stop renewable energy power plants, plans to issue 320 million shares in an Initial Public Offering (IPO) to fund business expansion, pay its debts and increase its working capital. The company has appointed Trinity Securities as …
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