Despite its conservative stance, Thailand is pushing to legalize casinos to boost tourism and attract foreign investment, with major global casino operators like MGM showing interest.
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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.
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.
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.
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.
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.
Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.
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.
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.
King Bhumibol Aldulyadej is the longest King reigned in Thailand and had just recently died at the age of 88
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.
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.
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.
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.
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.
