Thailand Financial News

16.08 / 11:35

UPS Waters show country Rice edges lower as key Asian buyers seek to build stockpiles

Rice prices in Asia edged lower after rallying to the highest level in almost 15 years last week as major buyers seek to build domestic stockpiles amid persistent concerns over global supplies. Thai white rice 5% broken — an Asian benchmark — slipped to $612 a ton on Wednesday, according to data from the Thai Rice Exporters Association. Prices are still up 20% this year after surging to the highest since 2008 last week.

16.08 / 04:13

UPS country Myanmar eyes surge in rice exports after India curbs supply

Myanmar expects rice exports to surge in coming months as curbs on Indian sales and a spike in Thai and Vietnamese prices force buyers to hunt for other origins. The tightening in global supply should help revive the Southeast Asian nation’s rice shipments, which slumped 56% in the first four months of the fiscal year, and bring it closer to its annual goal of earning $1 billion from exports of the grain, Ye Min Aung, president of the Myanmar Rice Federation, said in an interview last week.

15.08 / 18:57

UPS FIVE Racing Enterprise Shell ONGC, four others vie for Fortum projects

NEW DELHI : Oil and Natural Gas Corp. Ltd (ONGC) is in the fray for Finnish state-run power utility Fortum Oyj’s Indian solar projects totalling 185 megawatts (MW), two people familiar with the matter said, adding that the deal may have an equity value of around $130 million. Others in the race include Malaysia’s state-run oil and gas company, Petronas unit Gentari Sdn Bhd, Singapore’s Sembcorp Industries Ltd, Edelweiss Infrastructure Yield Plus Fund’s Sekura Energy Ltd, and private equity firm Actis Llp.

15.08 / 12:57

Manufacturing Pool DISH country Singapore allows restaurants to hire cooks from India to combat manpower shortage

Singapore has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors. Traditionally, employers in Singapore's services and manufacturing sectors have primarily sourced work permit holders from China, Malaysia, Hong Kong, Macau, South Korea, and Taiwan. The Ministry of Manpower has recently unveiled the application process for cooks in Indian restaurants in the city-state.

14.08 / 04:27

UPS Lowe's Gap show country week Asia FX sinks, dollar hits five-week high as U.S. inflation rises

Investing.com-- Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates.

14.08 / 04:13

UPS Vietnam has up to 8 million tons of rice for export this year - minister

Vietnam has 7 million to 8 million metric tons of rice for export this year, state media reported on Friday. Rice output this year is expected to be 27 million to 28 million metric tons, the agriculture minister, Le Minh Hoan, said in a report cited by the Vietnam News Agency.

12.08 / 02:11

Google awards Celebrity Google Doodle celebrates Thai Mother's Day 2023 with a special illustration

Fatima Meer. Meer who was born on 12th August 1928 helped found many organizations that aimed at improving the quality of life in South Africa.

11.08 / 01:51

UPS Booking Aware Platform foreign Bids in! Stockland battles foreign players for Lendlease Communities

It’s game on for Lendlease’s Australian Communities business, put up for sale via Macquarie Capital in April. First-round bids are in with at least four names throwing their hat in the ring, Street Talk understands.

10.08 / 18:09

COST Disney Platform Exodus country star rights end Disney+ Hotstar sees user exodus as IPL rights end

NEW DELHI : The loss of Indian Premier League (IPL) streaming rights blew a hole in the subscriber base of Disney+ Hotstar in the June quarter, with 12.5 million users choosing not to renew their subscriptions. Walt Disney Co. said the subscriber base at its video streaming platform shrank 24% from 52.9 million to 40.4 million, the sharpest fall in any quarter yet.

10.08 / 12:45

Target Reuters Racing Toyota Honda show Time Indonesia gives automakers more time to qualify for EV credits in investment bid

By Stefanno Sulaiman

10.08 / 08:15

UPS VISA Airlines country China lifts bans on group tours to US, Japan and other key markets

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

10.08 / 06:57

Provident VISA LEH country Destinations Weekend independence day Independence Day long weekend sets new trend for THESE tourist destinations

long Independence weekend is here: August 12 (Saturday), August 13 (Sunday), August 15 Independence Day (Tuesday), and August 16: Parsi New Year (Restricted Holiday) (Wednesday). You just need to take an off from your work on August 14, Monday, to explore different tourist places.

10.08 / 04:37

COST UPS Waves Extreme Corning country Soaring rice prices stretch budgets for billions in Asia, Africa

rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.

09.08 / 15:25

Waters country rock Rice prices soar to highest levels in almost 15 years in Asia

Rice prices soared to the highest levels in almost 15 years in Asia on mounting concerns over global supplies as dry weather threatens production in Thailand and after top shipper India banned some exports, media reports said. Thai white rice 5 per cent broken, an Asian benchmark, jumped to $648 a tonne, the most expensive since October 2008, according to data from the Thai Rice Exporters Association, Bloomberg reported.

09.08 / 13:23

UPS MET Nikkei country 2024 Indonesia says Mitsubishi Motors plans to invest $375 million in 2024

JAKARTA (Reuters) — Indonesia's industry ministry said on Wednesday Japanese carmaker Mitsubishi Motors (OTC:MMTOF) was planning to invest 5.7 trillion rupiah ($375.25 million) in 2024 to expand its production capacity in the country.

09.08 / 05:25

Manufacturing Strategy Mobile Apple country electronic 4 Stocks to Watch Out for as India Restricts Computer & Laptop Imports

laptops, tablets, and personal computers. According to the notice, from 1 November 2023, the import of these restricted items would now require a valid license. The new law implies that laptop and computer giants like Apple, Dell, Lenovo etc., cannot simply manufacture their products elsewhere and sell them in India.

09.08 / 05:01

COST UPS Provident FIVE Manufacturing country How America is failing to break up with China

Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.

09.08 / 04:57

UPS Pool Parke performer Indian hockey Indian men's team clubbed with Pakistan in Asian Games hockey

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

09.08 / 03:05

country Thai growth forecasts may need to be revised down - central bank chief

BANGKOK (Reuters) — Thailand's economy continues to recover, helped by tourism and consumption, though the growth forecast may need to be revised down with exports weak this year, the central bank chief said on Wednesday.

08.08 / 13:45

Blockchain Stablecoin CBDC Adoption Payments Japanese startup to use stablecoins and CBDC to link Asian countries

Japanese blockchain startup Soramitsu is exploring new central bank digital currency (CBDC) applications with a new project on the cross-border payment system for Asian countries.

08.08 / 04:05

UPS Digital Fighting show country The Global South breaks away from the US-led world order

Global South, are quietly revising them. The Global South sees a chance to chart its own future. Nirupama Menon Rao, a former Indian foreign secretary, points to her country’s spreading of digital payments to developing nations.

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