Thailand Financial News

(Reuters) — Chinese electric vehicle frontrunner BYD (SZ:002594) has taken an early lead in Southeast Asia's small but fast-growing EV market, partly on the back of distribution partnerships with large, local conglomerates.

India and France is putting in place a partnership for security and sovereignty which has a particular meaning, France and India being two major stakeholders in the Indo-Pacific region, noted Thierry Mathou, French Ambassador designate to India. The two countries would also work for a partnership for the planet and global issues which is essential to meet the challenges of climate change, according to Mathou who till recently was French envoy to Thailand. He further noted that France is embracing the concept of “Vasudhaiva Kutumbakam” — One Earth, One Family, One Future- proposed by India as the outlook of the recent G20 Summit. “This Summit gave an opportunity to our leaders to assess and review the progress in our bilateral relations since the historic visit of Prime Minister Narendra Modi to Paris last July as the Guest of Honor of the French National Day on the occasion of 25th anniversary of the France-India Strategic Partnership, at the initiative of President Emmanuel Macron.” “My role is now to implement with determination and ambition for our partnership the roadmap adopted by our leaders…Let me tell you that this is very concrete and is intended to translate into numerous programs and projects that will have an impact on daily life, such as training new generations of Indian students in France where they are welcomed with open arms; create tens of thousands of new jobs in India where French companies are already very active and fully committed to the Make in India motto; bring together our scientists and engineers to advance research and technology in all fields; improve the lives of Indians, whether through water treatment, access to new sources of clean and affordable energy, or the development of transport;

Srettha said he would make a trip to India this year with plans to meet his counterpart Narendra Modi and discuss increasing flight frequency between the two countries, including more services by flag carrier Thai Airways International Pcl. “There aren’t that many incoming flights from India yet due to internal politics,” Srettha said in an interview during a media forum on Monday. “I hope to visit before the end of the year to negotiate on the issue.”Thailand may also mull other measures to boost Indian tourist arrivals, such as offering tax exemptions on jewelry imported for Indian weddings held in Thailand, a popular destination for such ceremonies, he said. As Indian tourists already can easily obtain Thai visas, a visa waiver may not be necessary, he said. Srettha’s comment came a week after his cabinet approved temporary visa exemptions for Chinese and Kazakh tourists ahead of the high season. Tourists from the two countries can enter Thailand without a visa between Sept. 25 and Feb. 29, and can stay for a maximum of 30 days at a time.

ICG) ship Samudra Prahari, a specialised pollution control vessel, is currently on an overseas deployment to ASEAN countries, officials said on Sunday. The deployment is from September 11 to October 4, according to an official statement. This deployment is part of India's ASEAN initiatives for marine pollution response, showcasing the pollution response capabilities of the ICG and its commitment to addressing marine pollution issues and enhancing capacity in the region, the statement said. The ship is equipped with a Chetak helicopter in pollution response configuration, enhancing its capabilities in the area.

Flying rights are allocated on a bilateral reciprocal basis by the government to airlines of their country. Airlines cannot operate more flights than they are allotted.

Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.

parboiled rice exports crippled activity in India this week, while Vietnamese and Thai export rates eased further from recent highs. India's 5% broken parboiled rice prices remained at $525-$535 per metric ton, still near a record $520-$540 hit on Aug. 31. «Trade is paralyzed… It could restart after duty (on parboiled rice) becomes nil post Oct.

Thailand’s new government has approved a measure granting temporary visa-free entry to Chinese tourists, signaling that the recovery of the country’s tourism industry is a top economic priority

According to the press release published on Sept. 13, the fund will possess a $100 million investment budget with Krating Poonpol, a Chairman of KBank Business Technology Group, in charge of the enterprise. In Poonpol’s words:

(This Sept.13 story has been corrected to fix the pronoun to 'she' in paragraph 8)

Hanoi witnessed a massive building fire which has killed over 50 people. The fire that broke out in a nine-story apartment building in Vietnam's capital killed at least 56 people, including at least four children, while 37 more are being treated, state media reported citing the police. Of the 56 people confirmed dead, the police have identified 39 victims, the state-owned Viet Nam News said Wednesday evening.

GREAT Scholarship is given to individuals who want to pursue higher studies in the UK. More than 200 scholarships are awarded every year. A minimum amount of £10,000 is given to candidates chosen. Individuals who come from India, China, Malaysia, Thailand, Indonesia, and Turkey are eligible for this scholarship. The chosen postgraduate program should begin in September. Indians are given the most number of scholarships. The scholarship covers the full tuition fees for one-year postgraduate programs or the tuition fee for the first year of master’s degree programs with a duration of two years.Eligibility

The co-operative in March published the findings of a 12-week period of sandbox testing, in which almost 5,000 transactions were simulated between two different blockchain networks and with existing fiat-based payment systems. The beta solution has taken its next step, with three central banks and monetary authorities, including the Hong Kong Monetary Authority (HKMA) and the National Bank of Kazakhstan, integrating the solution with their own infrastructure for direct testing.Swift has also initiated a second phase of sandbox testing, in which commercial banks, central banks and financial market infrastructures are exploring additional use cases, including trigger-based payments for digital trade platforms, foreign exchange models, delivery vs payment and liquidity saving mechanisms.

Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced in the United States to 20 years in prison and ordered to pay $300 million on Sept. 20. Ignatova remains at large.

Thailand's Prime Minister Srettha Thavisin on Tuesday said his cabinet would this week issue a raft of policies to lower the cost of living, suspend farmers' debts, draw more tourists and boost incomes. Srettha and his 11-party government is presenting its largely populist policy agenda to the new legislature and inherits an underperforming economy struggling from weak demand for Thai exports and lower investor confidence. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say are vague and lack clear direction. He said cabinet would formalise the plans on Wednesday and introduce them as soon as possible. «I am not sure whether it will be a surprise or not but there are lots of policies that match the challenges,» he told reporters. Industrial sentiment hit a one-year low in August, despite the end of months of post-election deadlock, with concerns over weak exports and the slow recovery.

Mint takes a closer look at the idea and the benefit it offers. An economic corridor, a term coined by the Asian Development Bank, is an integrated network of infrastructure—including rail, road, and port—within a defined geographical area that connect various economic hubs. They link centres of production with centres of consumption.

India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies.

India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies.

(Reuters) — TikTok has officially rolled out its e-commerce business in the United States after months of testing, according to a blog post on Tuesday, as its Chinese-owner ByteDance looks to capitalize on the popularity of the social media app.

In a coordinated cross-border operation, Thai authorities have arrested four Chinese nationals and one Lao citizen suspected of orchestrating a massive 2.7 billion baht ($76 million) crypto scam, Bangkok Post reported.

HANOI (Reuters) — Vietnam's VietJet said on Tuesday it will take delivery of up to 12 737 MAX jets next year, out of 200 planes it has ordered with Boeing (NYSE:BA).