Thailand Financial News

Vietnamese automaker VinFast plans to sell its electric vehicles in Thailand

BANGKOK (Reuters) — Car production in Thailand fell 19.28% in February from a year earlier to 133,690 units, the Federation of Thai Industries said on Tuesday, largely due to a decline in production of pickup trucks and more imported electric vehicles (EVs).

an investigation released Wednesday by the Chicago-based Corporate Accountability Lab, a human rights legal group, that found workers face “dangerous and abusive conditions." AP journalists obtained access to shrimp hatcheries, growing ponds, peeling sheds and warehouses, and interviewed workers, supervisors and union organizers. India became America’s leading shrimp supplier, accounting for about 40% of the shrimp consumed in the U.S., in part because media reports including an AP investigation exposed modern day slavery in the Thai seafood industry. AP’s 2015 reporting led to the freedom of some 2,000 enslaved fishermen and prompted calls for bans of Thai shrimp, which had been dominating the market.

Lord Buddha, along with those of his disciples Arahant Sariputta and Arahant Maha Moggallana, after 26 -days returned to the National Museum in Delhi on March 19 and was open to brief exposition to the New Delhi based diplomatic corps on March 20. Minister of State for External Affairs Meenakshi Lekhi participated in the ceremony of prayers and chanting in the presence of representatives of the diplomatic corps from 15 countries. Those present on the occasion were Kshenuka Dhireni Senewiratne, High Commissioner of Sri Lanka; Pattarat Hongtong Ambassador, Thailand; Yasiel Alines Burillo Rivera, Ambassador of Panama; Vahagn Afyan, Ambassador of Armenia; Kenneth da Nobrega, Ambassador of Brazil; Guillermo Rubio Funes, Ambassador of El Salvador; Moe Kyaw Aung, Ambassador of Myanmar; Colin Kao, Deputy Director of the Division, Taipei Economic and Cultural Centre in India and senior diplomats from Indonesia, Bhutan, Myanmar, Romania, Peru and Serbia.

Britain’s foreign secretary has met with Thailand’s prime minister on his first visit to the Indo-Pacific region

India is the top supplier of shrimp to the U.S., with Indian shrimp stocked in freezers at most of the nation’s biggest grocery store and restaurant chains

India is the top supplier of shrimp to the U.S., with Indian shrimp stocked in freezers at most of the nation’s biggest grocery store and restaurant chains

BANGKOK (Reuters) — Thailand's government is forging ahead with a 500 billion baht ($13.9 billion) handout scheme and may still need to borrow to finance it, a deputy finance minister said on Wednesday.

Looking into the rate of crypto adoption and the share of cryptocurrency owners in 56 countries as of February 2024, Nigeria and Turkey lead the pack, according to data from Statista.

Thailand Digital Asset Association has warned Thai users that the recent crypto price uptrend could potentially attract hackers. The association which comprise of a network of blockchain evangelists, aims to create awareness among citizens on the dark side of crypto-asset bubble.

PHNOM PENH, Cambodia — Chin Choeun spends nearly 12 hours a day collecting sap from palm trees that he and his wife turn into palm sugar.

Russian Elections 2024: President Vladimir Putin is all set to win a fifth term in office and tighten his grip on power with no real challengers in the Russian Elections 2024. The voting, which started on Friday witnessed occasional signs of protests as some voters vandalized the ballot box or filled them with ink in their solidarity with Alexei Navalny, the most vociferous critic of Vladimir Putin, who died in an Arctic prison last month. The Russian Elections 2024 are coming just two years after Vladimir Putin started the biggest conflict in Europe since World War II when he invaded Ukraine.

Chinese automakers seeking global growth are building more car factories in overseas markets, as foreign regulators mull imposing measures against imports of China-made electric cars. Chery Auto is holding talks with the Italian government to manufacture there, Reuters reported on Wednesday. Should the talks succeed, Chery would be among the first Chinese automakers with a European manufacturing presence. The growing clout of China car exports has been causing friction with the U.S. and Europe. Here's what Chinese automakers are planning:

Mint on 28 December 2023 reported that legal scrubbing of both the pillars had started and the deal is expected to be signed in 2024. “Both the pillars are very important for the country. The clean economy (Pillar-III of the IPEF) is aimed at cooperation on research, development and commercialisation of clean energy and climate-friendly technologies," the second person said.

Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes.

NEW DELHI : Prime Minister Narendra Modi laid the foundation stone for three semiconductor projects worth about ₹1.25 trillion on Wednesday, saying chip manufacturing will take India towards self-reliance and modernity. “India is set to become a prominent semiconductor manufacturing hub. The three facilities will drive economic growth and foster innovation," he said in a virtual address during the foundation ceremony.

Bitcoin market cap surpasses Silver to take eighth spot in global asset rankings The recent surge in momentum can be largely attributed to the successful launch of spot Bitcoin exchange-traded funds (ETFs) in the United States on January 11. These ETFs, spearheaded by prominent financial entities like BlackRock Inc. and Fidelity Investments, have collectively garnered approximately $9.5 billion in net inflows.

NEW DELHI : India’s tourism sector is yet to recover from the pandemic years, with international travellers who bring in higher tourism dollars preferring other countries in the Asia-Pacific region over domestic destinations. Despite a resurgence of global travel last year, India welcomed only about 7.24 million international travellers in 2023, according to the ‘India State Ranking Survey’ by hospitality consultancy Hotelivate and The World Travel & Tourism Council (WTTC). Prior to the pandemic, in FY20, India received about 10.93 million international travellers, as per India’s tourism ministry. Of them, about 6.98 million were non-resident Indians visiting family and friends back home.

The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be restricted to institutional investors and individuals with ultra high net-worth.

roti-kapda-makan (food, clothes, housing) troika dropped to below 50% in 2019-20, making way for other items that improve the quality of life—notably health, education, transport, communication, and recreation. A fortunate confluence of factors has the potential to seed rapid consumption growth in the coming two to three decades. First, the much-touted demographic dividend puts India at an advantage over East Asian rivals such as China and Thailand.

Infosys Foundation's former chairperson and author Sudha Murty thanked Prime Minister Narendra Modi for nominating her to the Rajya Sabha. The announcement came on Women's Day. Speaking to ET from Thailand, she said: «I had never expected this. This came as a big surprise to me. The Prime Minister called me last night and broke the news. This is a huge responsibility. I am grateful to the PM for this opportunity to serve my country, and the people. I will do my level best to live up to their expectations.” Murty is in Thailand at the invitation of Kannada Sangha at the Asian Institute of Technology to deliver a talk.