Thailand Financial News

A Thai Cabinet minister is threatening to try to shut down Facebook in the country, saying the social media platform does not do enough to screen the advertisements it runs, leaving people vulnerable to costly scams

This past weekend, an estimated 140,000 diehard K-pop fans took over the Los Angeles Convention Center and adjacent Crypto

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Thaksin Shinawatra on Tuesday set foot on home soil for the first time since 2008, returning from self-exile to a Bangkok jail just hours before his allies attempt to form a government after weeks of political deadlock. Thaksin, the billionaire figurehead of the populist juggernaut Pheu Thai Party, fled abroad 15 years ago before he was jailed in absentia for abuse of power, two years after the military overthrew him and accused him of corruption and disloyalty to the powerful monarchy, which he denied. Thaksin appeared briefly with family members at a private jet terminal at Bangkok's Don Mueang airport, smiling and waving to hundreds of ecstatic supporters, before he was escorted by police to the Supreme Court, then to a prison to serve a term of eight years. As he emerged from the airport wearing a black suit, red tie and yellow lapel pin bearing a royal insignia, Thaksin bowed to the crowd in a traditional «wai» greeting before kneeling to pay respects before a portrait of the king and queen. «For the past 17 years, you felt isolated, lonely, troubled and missing home but you persevered,» said Thaksin's sister Yingluck, whose three-year stint as prime minister also ended in a coup, a criminal conviction and self-exile. «I will be strong and persevere.

Thailand authorities have issued a warning to the social media giant Facebook, threatening to seek a criminal court order to sever its operations in the nation, over the rampant investment and cryptocurrency scam ads.

Thavisin from the populist Pheu Thai party secured enough votes in parliament to become the country's 30th prime minister on Tuesday. While the vote was still ongoing, his supporters celebrated an end to months of post-election uncertainty in which the winning progressive Move Forward Party was blocked from taking power by conservative senators. Srettha, a real estate tycoon, will lead a coalition of 11 parties assembled by Pheu Thai that includes two pro-military parties affiliated with outgoing Prime Minister Prayuth Chan-ocha. Move Forward was excluded from the coalition.

Thailand is planning to seek a court-issued shutdown order against Facebook unless it takes steps to deal with alleged investment and crypto scam ads on its platform.

Narendra Modi came to power in 2014. From being a net importer, India has become a net exporter of handsets. Elsewhere in Asia, the contest is over semiconductors.

India and the 10-nation bloc Asean on Monday said they have directed their officials to intensify their efforts to conclude the review of the existing free trade agreement in goods between the two regions by 2025. The issue was discussed during the twentieth AEM (Asean Economic Ministers)-India Consultation meeting, held at Semarang, Indonesia. According to a joint media statement, the meeting welcomed the progress of the review of the Asean-India Trade in Goods Agreement (AITIGA).

TVS Apache RTR 310 is generating significant interest in the Indian motorcycle market. It's scheduled for a global debut in Thailand on September 6, 2023.

solar exports from Southeast Asia, saying the move will slow clean energy deployment and harm climate progress. “We’ve gone from toasting the anniversary of the Inflation Reduction Act and its positive impacts on America’s energy transition to lamenting the imposition of harmful solar tariffs that will severely constrict solar availability in the US,” Gregory Wetstone, president of the American Council on Renewable Energy, said Friday in an interview.

free trade agreement on goods between India and the 10-nation Asean bloc may be taken up during a meeting in Indonesia on Monday, an official said. The issue will come up for discussion and decision during the India-Asean economic ministers meeting on Monday. The meeting is being held on the sidelines of the ongoing meeting of the Economic ministers of ASEAN.

Agriculture stocks are beating their global peers this quarter as extreme weather, the war in Ukraine and rising protectionism drive up food prices. Exposure to the sector is a good hedge for inflation, some investors say.

food and beverage packaging industry that is growing by 14.8 per cent annually is expected to reach USD 86 billion in 2029, following rapid urbanisation, rising disposable incomes and evolving consumption patterns, All India Food Processors Association said on Saturday. «Post-Covid-19, the demand for natural food ingredients has surged. FSSAI's new regulations for nutraceuticals and organic foods are driving growth in the sector.

In May 2023, Hedonova strategically invested in Wented Agri Trading Limited, a distinguished farming and forestry company that manages an expansive 367,000 acres of farmland across multiple countries including China, Thailand, India, and Vietnam. Building upon established relationships with farm owners, Hedonova facilitated growth capital, land expansion, equipment financing, and more to nurture the farm's operations.Hedonova played a pivotal role in providing a $4 million loan to Wented Agri Trading Limited.

By Devayani Sathyan

Mastercard is forming a partnership program with seven prominent blockchain and payment technology providers to “bring a greater understanding of the benefits and limitations” of central bank digital currencies (CBDCs), it announced Aug. 17. 

Narendra Modi perfectly summarize where we as a nation are headed. As India embraces its 77th year of independence, we must understand the magnitude of the potential that the future holds. India has one of the world’s largest and fastest growing domestic markets, supported by strong policy momentum, entrepreneurial and innovative companies, world-class talent and capital access.

covid-19 pandemic and the induced lockdown, outbound tourism from China was a valuable international commodity. Statistics from the World Tourism Organization suggest Chinese travellers spent $255 billion in 2019, accounting for 20 per cent of all international tourism spending.

Amber, University Living and UniAcco that help students find accommodation near campuses across the world, are targeting 2-3x annual growth in business on soaring demand not just from Indian students going abroad but other international students as well. Companies in this space told ET that while initially they only had Indian study-abroad students, now 70-80% of their base comprises students from international markets, looking for the convenience and support these platforms offer. “The student mobility industry has seen a remarkable recovery since the pandemic, with lots of students going abroad every year,” said Saurabh Arora, CEO of University Living, a global student-housing managed marketplace.

₹1,200-1,300 crore through an initial public offering (IPO). According to the Happy Forgings’s DRHP, the IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 80.55 lakh shares by a promoter and a selling shareholder. Ludhiana-based Happy Forgings may also consider a pre-IPO placement of shares aggregating up to ₹100 crore.