Thailand Financial News

Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Its seven members are five South Asian countries (Bangladesh, Bhutan, Nepal, India, and Sri Lanka) and two Southeast Asian countries (Myanmar and Thailand). The bloc has been negotiating a proposed Free Trade Agreement (FTA) since 2004.

Cambodia on Monday broke ground to build a controversial, China-funded canal to link the capital Phnom Penh to the sea despite environmental concerns and the risk of straining ties with neighboring Vietnam

Lakshya Sen vs Lee Zii Jia Live Score Updates: Although the World No. 22 shuttler Lakshya Sen's dreams of winning a gold were dashed on August 4, when he lost to World No. 2 Viktor Axelsen of Denmark, he's now set for the bronze medal match today evening.

Draft rules for the legalisation of casinos, which include an initial 30-year casino license with a 10-year renewal option, have been published for public feedback until August 18. The casinos will be part of large entertainment complexes featuring hotels, convention centers, and amusement parks, among other amenities. Thailand would thus join the ranks of the United Arab Emirates and Japan in vying for a share of the global casino industry, estimated to have generated $263 billion in revenue last year. Major players like Galaxy Entertainment Group Ltd. and MGM Resorts International have shown interest in opening casino resorts in Thailand, considering it a strategic move against the uncertain prospects in Macau. Las Vegas Sands Corp. expressed interest in entering the Thai market, stating last month it would consider expanding to Thailand if the opportunity arises.

subzis (poriyal) or to grind the masala for kootu (dal-vegetable dish) or avial, coconut milk was not used in my grandmother’s kitchen. Even in the Kerala-inspired olan (ash gourd and black-eyed peas curry), she would prefer to add some ground coconut and regular milk. It was possibly to avoid the extra work of grating a coconut and extracting coconut milk.

Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market where consumers are continuing to buy premium products. Apple chief executive officer Tim Cook told analysts in its third quarter earnings call that Apple has set “quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.” The bullish performance by the iPhone maker is when smartphone shipments in India fell 2% year-on-year in the June quarter as per market tracker Counterpoint Research which attributed the decline to the heatwave, seasonal slump, and a sequential slowdown in demand from the March quarter before.

The ride sharing giant Uber and Chinese automaker BYD say they have agreed on a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America

Satwiksairaj Rankireddy and Chirag Shetty's dreams of securing a maiden Olympic medal came crashing down after a heartbreaking three-game loss to Aaron Chia and Soh Wooi Yik of Malaysia in the men's doubles quarterfinals at the Paris Games here on Thursday. One of the favourites for the gold medal, Satwik and Chirag, the reigning Asian Games champions and Commonwealth Games winners, squandered a first-game advantage to go down 21-13 14-21 16-21 in a hard-fought quarterfinal against the world number 3 Malaysians. Aaron and Chia, the 2022 world champions and Tokyo Games bronze winners, will face world number one and top seed Liang Wei Keng and Wang Chang in the semifinals. The Indians entered the contest after stitching three successive wins against the Malaysians in the last three meetings.

best time to visit Bangkok. While the cooler months from November to February are traditionally favoured for their pleasant weather, August, often overlooked, is actually a fantastic time to experience this bustling metropolis. During August, the city is lush and green, with fewer crowds and unique cultural events that offer a deeper insight into Thai traditions.

Reserve Bank of India said that global acceptability of the UPI and the development of CBDCs — can lower the cost of remittances, enhance their volume and also inflows to the recipients.

expectations and employee realities regarding hiring and retention continues to grow, according to a report. Even as employers and job seekers agree that flexibility, higher salaries and career progression are top priorities, employees value company culture and ethics more than the organisations realise while organisations overvalue the importance of brand and incentives, said Michael Page 'Talent Trends 2024 — India Expectation Gap' report.

MAE SOT, Thailand—In late December, Guracha Belachew Bersha helped lead a small but brazen rebellion. He’d been enslaved for 16 months in a twisted new criminal empire in which Chinese gangsters traffic people from around the world, often to remote and lawless parts of Southeast Asia, and force them to sit at computers all day scamming strangers online. The cyber frauds they’re forced to commit are called pig butchering, named for the way the perpetrators fatten up their victims by gaining their trust before taking their money and cutting them loose.

Shimla: The Himachal Pradesh Police has arrested one of the masterminds of a Rs 2,500-crore cryptocurrency scam, which was unearthed in the state in 2022, from Kolkata, officials said on Thursday. Accused Milan Garg (35), a resident of Meerut in Uttar Pradesh, was apprehended on Wednesday night from the Netaji Subhash Chandra Bose International Airport, Kolkata while he was trying to flee to Bangkok in Thailand, they said. Garg, who was allegedly involved in designing and marketing of a fake cryptocurrency, was later brought to Shimla, Deputy Inspector General of Police (DIG), Northern Range, Abhishek Dhullar told. Garg, who earlier fled to Dubai after the scam came to light, had returned to India in June and was again leaving the country when he was detained at Kolkata airport. The accused has been arrested and brought to Shimla, said Dhullar, who is heading an SIT probing the case.

Sensex on Thrsday jumped over 600 points and crossed the 81,000 mark for the first time, while Nifty inched closer to Mt 25K by crossing the hurdle at 24,800. As the buying momentum was led by heavyweight bluechips, small and midcap indices fell around 1% each. The combined market capitalization of all listed stocks on BSE, consequently, fell around Rs 80,000 crore to Rs 454.43 lakh crore.

Asian fund managers by brokerage BofA shows that the triad of Japan, India, and Taiwan continue to be at the top of investor mindshare, while China and Thailand lag at the bottom from an allocation perspective. Asia Pacific fund managers are 51% overweight Japan, 32% overweight India and 24% overweight Taiwan while China (net 43% underweight) is at the bottom of the table.

The U.S. Attorney’s Office for the District of Columbia filed a civil forfeiture action on Tuesday in hopes of recovering cryptocurrency stolen from abroad – including $2 million USDT – in “pig butchering” schemes, a Tuesday July 17 press release reveals.

Digital Wallet, meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses.Prime Minister Srettha Thavisin posted on the social platform X, saying the registration will begin Aug. 1 and that he has given instructions to ensure the smooth implementation of the program.

Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy

Two years after marijuana was decriminalized in Thailand, nearly a hundred of its advocates marched to the prime minister’s office to protest a possible ban on general use

IIM Shillong and the Asian Institute of Technology (AIT), Thailand with an aim to foster collaboration between the two institutions, enhancing academic and cultural exchanges through mutual support, specifically focusing on teaching and research endeavour. The signing ceremony was attended by Prof. D.P. Goyal, Director of IIM Shillong, and Prof. Nitin K. Tripathi, Acting Vice President for Academic Affairs at AIT. Other dignitaries from IIM Shillong included Prof. Naliniprabha Tripathy, Dean of External Relations, and Dr. Teidorlang Lyngdoh, Chair of External Relations. AIT was represented by Dr. Roger Levermore, Vice President for Development and Dean of the School of Management (SOM); Dr. Sumana Shrestha, Director of International Affairs at the Office of International and Public Affairs (OIPA); Sanjeet Amatya, Director of Public Affairs at OIPA; and Zia Islam, Executive Assistant to the Dean and Coordinator at the Dean’s Office, SOM.