Thailand Financial News

natural rubber prices in the international markets are set to rise further as manufacturers have guided for further hikes in the ongoing quarter. According to them an increase of 2-6% taken since the beginning of FY25 is not commensurate with the increase on account of natural rubber prices. This, in turn, has jacked up raw material prices as percentage to net sales by 6-8%. Higher input costs coupled with a tepid demand from truck and carmakers dented profitability at all tyre makers in the second quarter over the year-ago period.

Shares have opened higher in Europe after mostly falling in Asia following a report showing inflation in the U.S. was roughly as expected last month

The rupee closed at 84.3925 per dollar, unchanged from Monday's closing level.

Visa said on Tuesday it was rolling out a flexible payments feature in the U.S. and the United Arab Emirates, as it looks to capitalize on the growing demand for a variety of transaction options. The «flexible credential» feature, already available in Hong Kong, Japan, the Philippines, Singapore, Thailand and Vietnam, lets customers use a single card to pay from different funding sources, the payments processor said. Customers are increasingly prioritizing convenience and flexibility in payments, especially as e-commerce flourishes, prompting companies to take proactive steps to maintain their edge in an industry being reshaped by digital disruptors.

Asian Champions Trophy hockey here on Tuesday. India raced to a 2-0 lead in the first half through goals from Sangita Kumari (3rd minute) and Deepika (20th) before Korea mounted a strong comeback in the third quarter and drew parity with goals from Yuri Lee (34th) and skipper Eunbi Cheon (38th). But the match was far from over as Deepika scored from the spot in the 57th minute to eke out a close win for India.

China, Korea, and Thailand for five years to guard domestic players from cheap imports from these nations. The duty was imposed as the chemical — Epichlorohydrin — was exported to India from these countries at below-normal prices. «The anti-dumping duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier)...,» the department of revenue said in a notification. The levy is imposed following recommendations for the same by the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR).

Subscribe to enjoy similar stories. Devyani International Ltd continues to battle weak consumption demand, especially in urban areas. This has hurt the quick-service restaurant operator’s same-store sales performance for many quarters now.

Air India Express will focus on connecting smaller cities and towns with metros as well as fly to new overseas destinations, according to senior officials. The airline, which recently completed the merger of AIX Connect with itself, has a fleet of around 90 aircraft and the count is expected to cross 110 by the end of this fiscal.

In relative terms, however, the rupee’s 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.

US Presidential Election 2024 while results are expected to be declared state by state starting at 18:00 EST on Tuesday, reported BBC News. The tight race in between US Vice President Kamala Harris and former US President Donald Trump might lead to really longer wait times for the results specifically in the key swing states like Pennsylvania where a recount can be certainly triggered by a narrow margin.

US Presidential Election, a baby hippo from Thailand has garnered international attention by predicting a victory for former President Donald Trump over current Vice President Kamala Harris.

Royal Enfield will not make India a 'top priority' market for its first electric motorcycle, Flying Flea C6, but is looking at leveraging the country’s manufacturing strength to export electric vehicles, said Siddhartha Lal, managing director of Eicher Motors, which makes motorcycles under the Royal Enfield brand.

CIF liner out for rice sourced from India, an official in Bangladesh and European traders said. Offers are still being considered and no purchase has yet been made, they said. The lowest offer was believed to have been submitted by Pattabhi Agro Foods, they said.

Jaishankar and his Thai counterpart Maris Sangiampongsa discussed bilateral ties, multilateral cooperation and regional developments during a meeting in Delhi on Saturday. In a post on X, Jaishankar said Sangiampongsa's visit for the Royal Kathina ceremony «exemplifies the longstanding historical and cultural relations» between the two countries. The Thai minister is scheduled to depart India on Sunday.

Russian military. The announcement was made by US Treasury and State Departments in what they described as «third-country enablers”. However, there is no independent verification if these Indian firms were part of efforts to boost Russian military apparatus. “…The U.S. Department of the Treasury sanctioned 275 individuals and entities involved in supplying Russia with advanced technology and equipment that it desperately needs to support its war machine. Today’s action targets both individual actors and sprawling sanctions evasion networks across 17 jurisdictions, including India, the People’s Republic of China (PRC), Switzerland, Thailand, and Türkiye,” according to the announcement.

Maris Sangiampongsa is scheduled to meet his Indian counterpart S Jaishankar here on November 2 as part of his soon-to-begin visit to India, according to the Ministry of External Affairs. Sangiampongsa is expected to arrive here late on Thursday night and depart on November 3, as per his itinerary shared in an advisory by the MEA. On November 1, the Thai minister will have engagements in the national capital while on November 2 he will meet External Affairs Minister Jaishankar at the South Block. Sangiampongsa visited New Delhi from July 11-13 for the second BIMSTEC Foreign Ministers' Retreat hosted by the Indian external affairs minister and for his first official visit to India.

King Maha Vajiralongkorn from Thailand, officially known as King Rama X, is the richest monarch in the world. Vajiralongkorn, 66, ascended to the throne after the death of his father, King Bhumibol Adulyadej in October 2016, according to a report from France24. His father ruled the Buddhist kingdom for 70 years, one of the world's longest-serving monarchs. Vajiralongkorn was crowned in May 2019 when his 88-year-old father Bhumibol Adulyadej passed away on October 13, 2016. What is surprising is that Charles III, the King of the United Kingdom, is a globally influential monarch but he did not make the list of the world’s top 10 richest monarchs. According to the sources, his net worth is estimated to be around $747 million. ALSO READ: Vasundhara Oswal, Indian-origin billionaire's daughter, detained in Uganda. A look at her Rs 1,649 crore house, lavish lifestyle

Subscribe to enjoy similar stories. For India’s growing tribe of digital nomads, the lines between work and leisure are blurring, and remote co-living spaces are becoming the offices of choice. From the green farms of Goa to the Dhauladhar peaks of Dharamshala, these professionals are redefining work-life balance.

YES Bank, ICICI Bank and IDFC First Bank. Apart from the above, 3P Land Holdings, Colorchips, Fredun Pharma, Godawari Power, IFB Industries, Indo Thai Securities, Kedia Construction, Kyati Global Ventures, REC Ltd, SBFC Finance, Sejal Glass and a few others will also declare their results.