Thailand Financial News

New Delhi, A coalition of institutions from dengue-endemic countries aims to deliver a new treatment for dengue from repurposed drugs and combinations within 5 years, according to a comment published in The Lancet Global Health journal. The mission of the alliance, The Dengue Alliance, is to accelerate research and development and deliver dengue therapeutics through an inclusive partnership, it said. «An integrated approach that comprises vector control, use of safe and effective vaccines, and an effective treatment is needed to face the growing challenges of dengue infection,» the alliance formed by the Drugs for Neglected Diseases initiative (DNDi), Switzerland, said in its comment.

Manufacturing activity in Asia’s major export powerhouses slumped further in August as weak demand persisted in the region’s key trade markets, particularly in China. Factories in North Asia experienced weaker new orders, output and export sales, according to manufacturing purchasing managers’ surveys published Friday by S&P Global and au Jibun Bank. The purchasing managers’ index for trade bellwether Taiwan was little changed at a subdued level of 44.3 last month from 44.1 in July, while South Korea’s gauge slumped to 48.9 from 49.4 during the same period. Seoul reported a similarly gloomy reading on industrial production on Thursday, showing a bigger-than-expected drop in July, marking its longest stretch of output decline yet. Japan’s PMI was unchanged at 49.6, below the 50 mark that separates expansion from contraction.Southeast Asia, which until recently was a bright spot, showed the weak sentiment was rubbing off on factories in the region.

According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.

HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a «Memorandum of Understanding (MoU)» with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.

HYBE, the makers of the current most popular boy band BTS, is looking for a new girl band. The company held worldwide auditions in association with the USA's Geffen Records to create a new global girl group. This is being done on a big scale for Netflix as a docuseries and also on YouTube. The two record companies recently announced the 2024 series and also a companion-piece online show that will begin on Thursday, August 30, as part of their The Debut: Dream Academy. The selection process for the girl group started in November 2021, when 120,000 applications of girl group potentials were screened. The worldwide hunt resulted in 20 candidates being selected. The females come from countries as diverse as Australia, Argentina, Brazil, Thailand, Sweden, Japan, Belarus, Switzerland, Slovakia, the Philippines, South Korea, and the USA. Now, in the docuseries, fans will be able to follow the selected contestants through the final stages of the auditions.

At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take his own life in their family home, Thai police said Wednesday

Thailand is likely to ease visa rules for Indian and Chinese travelers and allow longer stays for visitors from all nations. PM Srettha Thavisin discussed options with executives of Thailand Pcl and several other airlines. In a post on X (formerly Twitter), PM Srettha said, “The airport operator agreed to reduce bottlenecks to augment flight capacity by 20% and find ways to speed up immigration clearances." The new government aims to lift revenue from foreign tourists to 3.3 trillion baht next year, with the travel industry offering “the best short-term economic stimulus," Srettha said as quoted by Bloomberg News. According to Bank of Thailand data, tourism accounts for about 12% of gross domestic product and nearly a fifth of jobs in the country.

Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for example, took two decades of lukewarm sales to reach just a tenth of U.S. households. But then came the 1980s, and quicker than you could say “Hot Pockets,” microwaves had spread to nearly every kitchen.

Three Thai human rights activists have been acquitted of criminally defaming a poultry company with social media posts that supported other activists who had accused it of abusive labor practices

Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.

Western Australian gold developer Matsa Resources was asking investors for a $1.5 million equity injection to fund its exploration projects on Monday.

BANGKOK (Reuters) — Thailand's employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said on Monday, as economic growth slowed.

China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Policymakers are bracing for a hit to their economies as China’s imports of everything from construction materials to electronics slide. Caterpillar Inc.

₹37-38 a kg and ₹92-93 for basmati rice. Traders said that free-on-board (FoB) parboiled rice price is around $500 a tonne and $1,000 a tonne for basmati varieties.

By Orathai Sriring and Kitiphong Thaichareon

BSE Sensex has run up quite a bit in recent months. After touching its all-time high of 67,619 in July 2023, it currently trades at 65,400 levels. In this bullish market, most stocks have climbed up the ladder, commanding rich valuations.

Thailand's incoming prime minister Srettha Thavisin, who is known for his success in the property industry, has also been involved in the cryptocurrency sector.

Thailand's billionaire former leader Thaksin Shinawatra was taken to hospital on his first night in prison after his historic return from self-exile, officials said on Wednesday, citing concern about his heart and blood pressure. The influential founder of Thailand's populist Pheu Thai Party was transferred to a police hospital overnight, 15 hours after a vaunted homecoming from 15 years abroad to avoid jail, that coincided with his political ally being elected prime minister in a parliamentary vote. The Corrections Department said Thaksin, 74, was transferred in the early hours of Wednesday after being unable to sleep and experiencing chest tightness and high blood pressure. «Physicians agreed that to prevent dangerous risks to his life, he be transferred to the police hospital,» it said. Soponrat Singhajaru, a senior doctor, said Thaksin's condition had improved since he was admitted. A representative for Thaksin declined to comment.

On Aug. 22, Thailand’s parliament elected real estate tycoon Srettha Thavisin as the country’s next prime minister. Thavisin is best known as the former president and CEO of Sansiri, one of Thailand's largest real estate developers, which also has some background in cryptocurrency.

An AirAsia passenger was arrested after his suitcase was filled with over 230 live reptiles including a dead baby kangaroo, media reports have stated. The 32-year old's luggage was examined by customs at Bengaluru’s Kempegowda International Airport and as per reports, he was travelling from Bangkok to Bengaluru from Thai AirAsia's flight FD 137.