Thailand

Thailand Announces $13.8 Billion 'Digital Wallet' Stimulus Plan to Revive Economy

Thailand Announces $13.8 Billion 'Digital Wallet' Stimulus Plan to Revive Economy

Thailand's Prime Minister Srettha Thavisin announced a $13.8 billion digital cash handout program, the "Digital Wallet," aiming to revive the economy by distributing $275 each to 50 million citizens to stimulate local businesses, starting in August.

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China's BYD Launches Electric Vehicle Factory in Thailand, Expanding Regional Presence

China's BYD Launches Electric Vehicle Factory in Thailand, Expanding Regional Presence

BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.

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Thai Central Bank Renews Opposition to Government's Plan to $14 Billion Cash

Thai Central Bank Renews Opposition to Government's Plan to $14 Billion Cash

Bank of Thailand Governor Sethaput Suthiwartnarueput doubled down its opposition against the Thai government of PM Srettha Thavisin and its plan to give almost $14 billion in cash to almost all of its adult citizens.

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Japanese General Trader Marubeni Invests on Amata's Vietnamese Industrial Park

Japanese General Trader Marubeni Invests on Amata's Vietnamese Industrial Park

Marubeni Corporation recently announced that it was participating in the development and operation of an industrial park in Vietnam run by a subsidiary of the Thai industrial developer Amata Corporation.

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Singapore Airlines Offers $10,000 Compensation to Turbulence Victims

Singapore Airlines Offers $10,000 Compensation to Turbulence Victims

Singapore Airlines has offered to pay compensation to each of the people injured onboard flight SQ 321 in late May when it hit severe turbulence in Myanmar and was diverted to Thailand.

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MICROSOFT

Microsoft Increasing Presence in Southeast Asia With Substantial AI Investments in Thailand and Malaysia

Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.

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Thai Government Launches Cloud Seeding Initiative To Address Climate Concerns

The cloud seeding program will deploy 30 aircraft across its 77 provinces as part of its annual royal rainmaking initiative to combat severe drought and escalating air pollution.

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fighter jet

Thailand’s Air Force Seeking $538 Million From State Budget for New Fighter Jet Fleet

The Thai Air Force plans to petition the state budget for 19 billion baht ($538 million) to buy new fighter jets to replace its old fleet.

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Longest Monarch Adulyadej Dies At 88

King Bhumibol Aldulyadej is the longest King reigned in Thailand and had just recently died at the age of 88

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The World is Facing Sugar Shortage Until at Least 2017, Caused by El Niño

El Niño is hitting on cane productions especially in Asia, leading to a global shortage and the rise in prices. This would be the first year of sugar shortage after years of surplus. The shortage is projected to be prolonged to at least next year.

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India is now the world's largest rice exporter, surpassing Thailand

India is now the world's largest exporter of rice, with 10.23 million tons of rice exported in 2015. The country outranked the former leader, Thailand whose export numbers have fallen to 9.8 million tons this year, which also recorded the lowest rice prices in the last ten years. It seems the falling prices are also tied to the global oil crisis that has hit the rice importers, thereby affecting their purchasing power.

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China, India, and Thailand Are Among The Countries With Lesser Support for Global Innovation

The Information Technology and Innovation Foundation (ITIF) concluded the study based on 27 factors that bring both positive and negative impact towards global innovation. The study involved 56 countries, whereas China stood at the 44th rank, Thailand the 53rd, followed by India. ITIF also noted that supporting global innovation is crucial for countries' economic growth.

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7-Elevens in Asia: the HQ of Snacks and Unique Services

Though usually considered only when convenient for consumers in the US, the 7-Eleven franchise in Asia has become a different company, selling varieties of snacks and services to its varied customers across Asia.

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Asia Pacific Region has more millionaires than North America

The current Asia-Pacific Wealth Report 2015 showed Asia Pacific has a larger number of high net worth individuals compared to North America. A recent study indicates Asia Pacific region had exceeded North America with the number of high net worth individuals.

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Asian growth plans at risk due to China meltdown

Chinese factor is impacting significantly growth plans of several economies in the Asian region. The uncertainty in the stock markets and volatility in the foreign exchange (forex) have kept the many Asian nations in a gripping situation.

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