According to the World Bank’s Global Economic Prospects report, global growth is projected to slow from 3.1% in 2022 to 2.1% in 2023, with emerging market and developing economies (EMDEs) facing financial risks due to elevated global interest rates. The report indicates that one out of every four EMDEs has effectively lost access to international […]
A major regional security forum is underway in Singapore amid rising tensions in the South China Sea and East Asia, with in-person communication between defense chiefs from China and the United States remaining shuttered. U.S. Defense Secretary Lloyd Austin had invited his Chinese counterpart, General Li Shangfu, to a bilateral meeting on the sidelines of […]
If you are a fan of gambling, you might be interested to know that two of the world’s top casino operators are eyeing Thailand as a potential market for their gaming facilities. According to sources, Galaxy Entertainment Group and MGM Resorts International are studying the possibility of opening casino resorts in Thailand, if the country […]
Thailand has welcomed one million Chinese tourists in the first four and a half months of 2023, according to a government official. This is a sign of recovery for the tourism sector, which was hit hard by the COVID-19 pandemic. In 2019, before the pandemic, Thailand received 11 million Chinese tourists, who accounted for 28% […]
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 […]
