Thailand Financial News

Global food markets have been thrown into some chaos yet again —not only because of Russia’s decision to pull out of the Black Sea grain deal, but also India’s announcement that it would ban the export of many varieties of rice. The partial exit of the rice market’s largest trading nation, with about a 40% share of exports, has led to fears that food inflation will race out of control, particularly in countries of the Global South that are already struggling with very high debt levels and inflated food and fuel bills.

Dollar weakness looks to have room to run after the Federal Reserve said further interest rate hikes would be data dependent, bolstering traders’ confidence that the US tightening cycle is near an end. 

New Delhi: Unseasonal rains in the June quarter unfavorably impacted The Coca-Cola Company’s business in India but the beverage major kept its growth outlook for the market “intact". “India business was unfavorably impacted by unseasonable rain and cooler temperatures in the quarter. However, the growth outlook remains intact," James Quincey, Chairman and CEO of The Coca-Cola Company said during the company’s post earnings call on Wednesday.

Elon Musk, is eyeing new opportunities in Asia with its cutting-edge ‘new-gen platform’, which seeks to introduce more budget-friendly compact and sub-compact electric vehicles (EV) that have the potential to drive large volumes across developing Southeast Asian markets. According to Tesla’s Q2 investor deck, it is working on developing its next-generation EV platform across multiple locations. Industry insiders said the new product, which is projected to be priced around $25,000, may debut by 2023-end, although some analysts expect a 2025 launch.

Coca-Cola Company on Thursday said it has registered growth in the beverage market in India despite having a challenging summer with rains, its Chairman and CEO James Quincey said. In the June quarter, China was affected due to specific local conditions and recovery was slowed in the second quarter. Consumer confidence is below the pre-pandemic level, he added.

non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season, which constitutes about 25% of the total rice export of the country. In an official statement, the food ministry said there would be no change in the export policy of par-boiled non-basmati rice and basmati rice, which forms the bulk of exports, according to a report published by the news agency PTI. Addressing a press conference, Pierre-Olivier Gourinchas, Chief Economist of IMF said that these types of restrictions are likely to exacerbate volatility in food prices in the rest of the world.

Binance revealed that it is finally ready to roll out its full services on its recently-launched subsidiary platform in Japan. 

Thailand general elections was expected to nominate its own candidate for the position of Prime Minister, as part of the alliance of eight parties which includes Move Forward. The meeting of the alliance, which was scheduled for Tuesday was canceled. Sutin Klangsaeng, the leader of the Pheu Thai Party informed that the eight parties are still mulling over to find a way forward.

Aditi Tripathi, a 10-year-old girl of Indian origin residing in London, has achieved what many can only dream of—visiting 50 countries before reaching double digits in age. Aditi's impressive adventure began at an early age, courtesy of her accountant parents, Deepak and Avilasha Tripathi, who were determined to provide their daughter with an unparalleled global experience. While many parents might worry about the impact on education, Aditi's parents masterfully balanced both worlds.

COLOMBO (Reuters) — Sri Lanka plans to complete free trade talks with Thailand by February and sign an agreement in March, Sri Lanka's cabinet spokesperson said on Tuesday, as part of an effort to expand trade as it emerges from economic turmoil.

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

Barbenheimer' craze is taking over India. With 'Oppenheimer' and 'Barbie' hitting the screen nationwide last week on July 21 (Friday), the clash of the titans at the box-office has been an epic one.

BANGKOK (Reuters) — Thailand's industrial sentiment rose for the first time in three months in June, bolstered by higher domestic demand, but sluggish exports and uncertainty over the formation of a new government remained a worry, an industries group said on Monday.

A feature of modern popular culture is its ability to elevate certain individuals from their real-life plane of equality with their fellow humans and ascribe to them attributes fit for a superhero rather than a mere mortal. The media created stars and superstars in the 20th century as well, but the era of social media seems to have spawned a colossal celebrity that transcends borders, bringing inflation and much else in its wake.

flight allegedly forced the plane to return to the airport gate just moments before takeoff because he had forgotten his bag at the terminal. A video of the chaos has gone viral, according to a report. The video footage shows the passenger engaged in a dispute with a flight attendant of the budget airline in the aisle while the Airbus A320, en route to Bangkok, was in the process of taxiing for departure from Chiang Mai International Airport in Thailand, the USA Today report said. Thai Smile Airways airline is yet to make an official statement in this regard. As reported by New Zealand-based publication Stuff, the flight crew presented the man with two options: either disembark from the plane immediately or wait until they reached Bangkok. In the video, a flight attendant was heard asking, «Do you want to go? Or do you want to wait until Bangkok?» The passenger insisted on leaving the plane immediately and sought approval from the captain, stating, «Yes, yes, I want to go now. Ask the captain.» Airport security personnel were then observed escorting the man and his two companions off the aircraft. It is alleged that the bag left behind by the passenger contained money and other valuable items. Following a brief delay, the flight landed safely at Suvarnabhumi International Airport in Bangkok, as per reports.

Postecoglou’s first match as the manager of Tottenham was when the Spurs clashed with Westham. But David Moyes’ side did not allow him to get the honour of beating them. This match is significant for Leicester as they have lined up preseason matches with Lion City Sailors, Shakhtar Donetsk and Barcelona. Their performance last year was really bad and they want to come out of this bad patch.

India became the first country to make CSR mandatory, and today, more than 80% companies in India have CSR programmes. This is more than what is reported from Malaysia, Japan, South Korea, Thailand, Singapore and the Philippines, even though they are more prosperous than India. Yet, India's CSR programmes are underestimated at the global level.

If you're one of the bankers who left Hong Kong between 2019 and 2022 and who went to live in Singapore, I bet you're not feeling so smug now.

One of the three newly introduced categories is the Woman Leader of the Year — Services Award category, which honours outstanding leaders who have demonstrated exceptional resilience, determination, and commitment. These remarkable individuals have fearlessly confronted challenges, pushed boundaries, and paved the way for positive change by challenging stereotypes and overcoming barriers.Anju Gupta, IPS, Director General of Police, KDSGPTS Meerut; Captain Shiva Chouhan, Indian Army; Charu Sinha, IPS, IGP — Southern Sector, Central Reserve Police Force (CRPF); Renuka Mishra, DG, Training, Uttar Pradesh Police; Sanjukta Parasor, IPS, Deputy Inspector General (DIG), National Investigation Agency (NIA) and Flight Lieutenant Shivangi Singh, Indian Air Force, command the list of shortlisted nominees for the distinguished Woman Leader of the Year — Services Award category.

₹71,235 crore compared with ₹23,584 crore in the same period in 2022, as per the ministry. To put in perspective, India earned a total of ₹2.1 trillion in foreign exchange from tourism in 2019, an increase of 8.3% year-on-year. Going by the latest data, experts believe India is well placed to meet 2019 foreign exchange earnings from the tourism industry.

food ministry data, the retail price of the grain climbed about 15%  in Delhi this year while the average nationwide price gained more than 8%. Shipments will be allowed on the basis of permission granted by the government to other countries to meet their food security needs and based on request of their governments, the notification said.  The latest Indian government move, which has already imposed restrictions on wheat and sugar exports, would affect a large portion of global rice trade.