Thailand Financial News

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

Subhash Tamang, who comes from a humble background, became the first golfer from Nepal to win the prestigious All India Amateur Championships run by the Indian Golf Union. Tamang, who was almost 10 when he first held a golf club, beat Rohit of India 9&7 to win the 122nd edition of the tournament at the iconic Royal Calcutta Golf Club. The 21-year-old Tamang, who was neck-and-neck with Rohit for the first 15 holes, pulled away to 3-up after 18 holes.

Google Doodle on Sunday celebrated Ha Long Bay in Vietnam, situated in the Gulf of Tonkin within the Quang Ninh province. According to the description, this geological marvel took shape around 3 million years ago.

visa-free destinations as their ideal choice of international destination. As per MakeMyTrip, countries that removed visa requirements for travelers from India have seen over 30 percent positive uptick in terms of searches and bookings. Ahead of the Christmas vacation, several Asian countries including Malaysia, Thailand, Vietnam, Sri Lanka have recently announced that they are implementing visa-free entry for visitors from India and other countries.

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

MetaMask, a prominent cryptocurrency software wallet, has announced its expansion into six countries through new partnerships. 

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news.

RAYONG, Thailand—Ever since Nissan Motors started building cars in Thailand in the early 1960s, Japanese companies have been a driving force in the country’s rise as an auto manufacturing powerhouse. Now, Chinese competitors are moving in to bring it into the electric age. On the outskirts of Thailand’s carmaking capital, Rayong, not far from the industrial zones home to Japanese auto plants, China’s largest electric-vehicle maker, BYD, is developing what industry experts believe will be Thailand’s biggest car plant.

Tata Group is gearing up to construct one of India's largest iPhone assembly plants, aligning with Apple Inc.'s strategy to expand its manufacturing footprint in the country, as per a Bloomberg report. The conglomerate plans to build the factory in Hosur, located in the southern state of Tamil Nadu, sources told the publication. The facility is anticipated to accommodate around 20 assembly lines and aims to employ around 50,000 workers within the next two years.

Archies, released on Netflix. Besides, the musical thriller Chamak, Manoj Bajpayee‘s intense drama Joram, and Timothée Chalamet’s Wonka are other exciting OTT releases that have been released this week. Theatrical releases score over web originals on OTT The movie revolves around Archie Andrews and his group of friends who try to save a park in Riverdale.

Chinese warships have made a first visit to a Cambodian naval base that Washington has long feared will boost Beijing's influence in the Gulf of Thailand. A Cambodian defence ministry official said on Thursday that Chinese-funded work to expand the Ream base, near the port city of Sihanoukville, would be «finished soon». Cambodian Defence Minister Tea Seiha said on his Facebook page that he had visited the two ships docked at the base on Sunday «to prepare a training of our Cambodian naval fleet». Cambodian officials refused to give any details of the vessels, the purpose of their visit or how long they were staying, but a sign on one of the gangways identified it as belonging to the Chinese navy. Chinese Foreign Ministry spokesperson Wang Wenbin said: «China and Cambodia have an extremely deep friendship, and the two sides have developed richly successful cooperation in many fields.» The Vice-Chairman of China's Central Military Commission, General He Weidong, visited Phnom Penh earlier this week and met Prime Minister Hun Manet. Cambodia has long had close relations with Beijing and US officials fret that the base will boost China's effort to buttress its international heft with a string of naval and military outposts. Satellite imagery published in July showed that a 363-metre (1,190-foot) pier had been built jutting out into the sea.

India's first significant defence export. The missile is the first such armament developed jointly by India and Russia. These missiles are manufactured by Brahmos Aerospace in India.

draft of the National Strategy on Robotics. Robotics has been receiving a lot of attention lately as one of the27 focus sectors under the Make In India 2.0 initiative. Here you can hear the union minister of electronics and information technology talk about the potential of AI and robotics in India.

visa policies for nearby international destinations have fueled a surge in airfares, impacting travel choices. Popular and easily accessible destinations like Thailand, Sri Lanka, and Malaysia have become visa-free for Indian travelers, leading to a spike in demand and subsequently driving airfares to new highs. Almost all international airlines, with the exception of the United States, have fully resumed connections to India. Indian carriers have also increased flights abroad for the winter season, resulting in more competitive airfares to distant European and North American destinations. According to a TOI report, the Delhi-Phuket economy return this Christmas starts at Rs 50,000, significantly higher than the average of Rs 30,000 a few months ago. In contrast, Delhi-London flights begin at Rs 70,000, a notable reduction from the Rs 90-95,000 range seen during the summer. “In comparison to last year, all international airlines are now operational for routes like Delhi-Dubai, or Saudi and to London, hence airfares for these sectors are down by about 20-25%. On the other hand, airfares for popular Southeast Asian destinations like Vietnam, Thailand and Malaysia have more than doubled in comparison to last year for this period,” a spokesperson for travel portal Yatra told TOI. Anil Kalsi, Vice President of the Travel Agents Federation of India, told TOI that there is a «serious» demand for both domestic and international destinations this winter, with Southeast Asia being particularly popular. The visa-free status has made a significant impact, with destinations like Thailand witnessing a doubling of Indian tourist arrivals after granting visa exemption from November 10, 2023.

Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

Ram Temple in Uttar Pradesh's Ayodhya is ready and will be open for devotees after a grand inauguration ceremony to take place on January 22, 2024. Apart from eminent dignitaries like PM Modi and UP CM Yogi Adityanath, more than 6000 people will join the grand Pran Pratistha ceremony at Ram Temple. Also Read: ‘Mandir wahin ban raha hai’: BJP releases Ram temple theme song ahead of Assembly, Lok Sabha polls | Watch The 6,000 invitation cards for the grand consecration ceremony of ‘Ram Lalla’ have been sent to invitees from across the nation.

Red Lobster expanded their all-you-can-eat shrimp deal in the U.S., but it ended up tanking their profits to the tune of US$11 million.Ultimately, the $20 Ultimate Endless Shrimp deal was too good for Americans to pass up, the company said, and it was “one of the key reasons for the losses we generated in Q3 2023,” Ludovic Garnier, global chief financial officer of the chain’s owner Thai Union Group, told investors during its November earnings call.“The price point was $20 and you can eat as much as you want,” explained Garnier. “For those who have been in the U.S.

Indians might be holidaying overseas this Christmas-New Year season than last year as relatively cheaper fares and packages, better connectivity, and easier entry requirements have made the proposition more compelling. Tour and travel companies such as Thomas Cook, SOTC and EaseMyTrip have seen up to 30% uptick in demand for short-haul international routes compared to last year. Packages for many of these destinations are comparable with those for popular domestic spots, as some countries are actively wooing Indian travellers with visa-free entry and by nudging airlines to offer easy connectivity at affordable rates. Consider this.

Walmart to shift its supply chains from China to India, Thailand, and Vietnam. China is Walmart's biggest importer, but the numbers from the country dramatically dropped to just 60% in 2023 from over 80% during the year 2018. "I need resiliency in our supply chains.

India head of a destination-management multinational, his job used to be mostly about introducing global clients to exotic vacation spots in his own country. Nowadays, he spends nearly all of his time on taking rich compatriots abroad — for leisure, conferences, and, of course, big, fat, Indian weddings. No surprise, then, that Malaysia’s recent scrapping of visa requirements for Indians and Chinese citizens visiting for 30 days or less has made Yadav a happy man.

Rice prices are on track for a new 15-year high, threatening to spark more angst in Asia and Africa where the grain is the staple for billions. Thai white rice 5% broken — an Asian benchmark — has jumped by $57 over the past two weeks to $640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008. That milestone was reached in early August in the wake of sweeping export curbs from top shipper India. Increased demand for Thai rice from unexpected buyers such as Brazil and the Philippines has contributed to the rise, said Chookiat Ophaswongse, an honorary president of the Thai Rice Exporters Association.