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☆ In the EV future, Thailand, the 'Detroit of Asia,' could be a key China hedge for automakers
  + stars: | 2024-05-12 | by ( Vikram Barhat | ) www.cnbc.com   time to read: +4 min
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTVisitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi. A Trump reelection is not even necessary: the Biden administration may introduce 100% tariffs on Chinese EVs next week, according to reporting on Friday. Chinese EV makers, including BYD, have earmarked $1.44 billion in new production facilities in Southeast Asia's second-largest economy. Tesla Thailand recently rolled out a special financing program to spur more sales. Southeast Asia is a growing auto market, and Thailand is already the region's biggest car producer and exporter, with Toyota, Honda, Nissan, Ford, GM and Mercedes-Benz having already embraced Thailand as a regional headquarters.
Persons: Goldstein, Donald Trump, Trump, Biden, There's, Tu Le, Tesla, Le, Steven Dyer, AlixPartners, Frank, Walter Steinmeier Organizations: Tesla, Getty, Auto, Nurphoto, Nikkei, Krungsri Securities, Nikkei Asia, Ford, Toyota, Honda, Nissan, GM, Mercedes, Benz Locations: Thailand, Nonthaburi, U.S, Southeast Asia, Beijing, Detroit, China, Trump, Bangkok, Nonthaburi Province, Nikkei Asia, Southeast Asia's, Shanghai
☆ Thai mall shooting victim's mother bids emotional farewell at cremation
  + stars: | 2023-10-08 | by ( ) www.reuters.com   time to read: +2 min
[1/5] Mourners attend the cremation ceremony of Moe Myint, a 31-year-old Burmese victim of the Thailand mall shooting, at a temple in Nonthaburi, Thailand, October 8, 2023. REUTERS/Jorge Silva Acquire Licensing RightsNONTHABURI, Thailand, Oct 8 (Reuters) - Among the hundreds mourning Moe Myint on Sunday was the mother of the Burmese victim of last week's shooting rampage at a Bangkok mall, seeming dazed at the cremation ceremony on the outskirts of the Thai capital. Tears streaking her face, Khin Win was revived with smelling salts as she sat at the Buddhist ceremony. Moe Myint was one of two killed when a 14-year-old boy went on a shooting spree at the luxury Siam Paragon shopping centre in Bangkok's bustling commercial area on Tuesday. Moe Myint's employer, Aksorn Chantarojvanich, who attended the funeral, said she would provide the family 10,000 baht ($270) a month, matching the remittances Moe Myint had sent home.
Persons: Moe Myint, Jorge Silva, Win, Khin Win, Moe Myint's, Aksorn Chantarojvanich, Tawee Sodsong, Napat Weshasartar, Panu, William Mallard Organizations: REUTERS, Siam Paragon, Thai, Thomson Locations: Thailand, Nonthaburi, Bangkok, Thai, Siam, Myanmar
☆ Thai household debt in election focus as millions in 'endless struggle'
  + stars: | 2023-05-09 | by ( Devjyot Ghoshal Juarawee Kittisilpa Orathai Sriring | Devjyot Ghoshal | Juarawee Kittisilpa | ) www.reuters.com   time to read: +5 min
The sole breadwinner of a family of five is about 8 million baht ($236,000) in debt and has no cash savings. In February, it said that household debt levels should be brought down from 86.9% of GDP at the end of 2022 to below 80% to help reduce financial risks. Political parties' extravagant election promises could increase the macro-economic risks posed by debt, analysts say. "There was no warning," said Achin Chunglog, president of a nationwide group of volunteers that helps people struggling with debt. In the rural hinterland, 90% of farm households have outstanding loans, according to a March study that described a "vicious cycle of debt".
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