U.S. Commerce Secretary Gina Raimondo met with her Chinese counterpart Wang Wentao on May 25. The two traded complaints but failed to break new ground in the floundering Sino-American trade relationship.Raimondo “raised concerns” about the Chinese Communist Party’s (CCP) actions against U.S. companies in China, according to a statement released by the Commerce Department.Wang, likewise, […]
Members of the Federation of Thai Industries (FTI) are concerned about the Move Forward party’s policy to increase the minimum wage to 450 baht/day. The Move Forward Party’s proposal to increase the minimum wage to 450 baht per day has sparked mixed reactions from businesses and workers. While some see it as a way to […]
The Justice Department has charged two men for their alleged roles in separate schemes to steal and reproduce 3D modeling and autonomous vehicle technology for communist China. The two cases were announced with three others on May 16, as part of a tranche of prosecutions aimed at squashing crimes related to export violations, smuggling, and […]
Retail, banking and tourism sectors are expected to benefit from the policies of the new coalition government in Thailand, which is led by the Move Forward Party. The party won the most seats in the general election held on May 14, 2023, ending nine years of pro-military rule. The retail sector is likely to benefit […]
Tesla Inc. has raised prices in a range of up to $290 in Canada, China, Japan, and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year.The hike was the first on its two top-selling models at the same time in multiple […]
The Bank of Thailand (BoT) has announced that it will relax the rules on the use of China’s yuan for trade transactions this year. This move is aimed at helping Thai exporters and importers reduce the impact of currency volatility and promote the use of local currencies in bilateral trade. According to BoT deputy governor […]
The amended Public Service Act, which was signed into law by President Rodrigo Duterte in March 2023, aims to attract more foreign capital and technology to improve the quality and efficiency of public services in the country. Public services are activities that serve the common good of the people, such as transportation, communication, water supply, […]
Thailand’s consumer confidence index (CCI) reached a 38-month high in April 2023, according to a survey conducted by the University of the Thai Chamber of Commerce (UTCC). The survey, which interviewed 2,238 respondents across the country, revealed that consumers’ outlook on current and future economic conditions, job prospects and income expectations improved significantly, thanks to […]
