DIRS.INFO The most relevant business & tech news

On Thursday, 42-year-old Pita Limjaroenrat failed in his initial bid to win the premiership after he was unable to secure enough votes in a joint sitting of Thailand's 750-member parliament. Another vote is expected to be held next week, which Pita can contest if nominated again. But Pita and Move Forward's agenda - particularly a once-unthinkable proposal to amend Thailand's "lese majeste" law - also pit them against the country's powerful conservative establishment, which controls the 250-member appointed senate. First, Thailand's election commission recommended the Constitutional Court disqualify Pita as a lawmaker because of his ownership of shares in a media company in violation of electoral rules. Some of those protesters - and some of those demands - were part of Move Forward's electoral juggernaut, including a call to amend the lese majeste law.

Persons: Thailand's, Pita Limjaroenrat, Pita, Thais, Thaksin Shinawatra, Kannawee Suebsang, Devjyot Ghoshal, Panu, Nick Macfie Organizations: Wednesday, Constitutional, Harvard University, Pheu Thai Party, Fair Party, Thomson Locations: BANGKOK, Thai, Thailand, Bangkok

☆ Chinese electric vehicle investment plans in Thailand
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +4 min

July 10 (Reuters) - Chinese electric vehicle manufacturers are pouring into Thailand, having committed to invest $1.44 billion in production facilities in Southeast Asia's biggest automaking hub that has long been dominated by Japanese companies. IN THE PIPELINESeveral deals are also in the pipeline, according to the Thailand Board of Investment (BOI), which has been pursuing Chinese automakers. Chongqing Changan, GAC and Chery did not respond to requests for comment on their plans for Thailand. RISING POPULARITYThe influx of Chinese models appears to be helping to boost the popularity of EVs in Thailand, the second-largest car market in Southeast Asia. On Toyota's (7203.T) Thailand website, the Corolla Altis is priced at 894,000 baht and the Yaris Ativ at 549,000 baht.

Persons: China's, Thailand's, BOI, Geely, Wall's Ora, Devjyot, Jamie Freed Organizations: Asia's, General Motors, EV, Electronics, Auto, SAIC, Charoen, New Energy, Assembly, of Investment, State, Chongqing Changan Automobile, Ford, Mazda, Guangzhou Automobile Group, China's Chery, Chongqing Changan, GAC, Chery, Reuters, Corolla, Thomson Locations: Thailand, EVs, Southeast Asia, Europe, Chongqing, China, BOI, Bangkok

[1/2] The BYD Atto 3 EV car is displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. Siam Motors is in talks with several Chinese automakers about potential partnerships, particularly for high-end electric vehicles, vice president Sebastien Dupuy said in an interview, referring to previously unreported discussions. Thailand is Southeast Asia's largest car producer and exporter, and its second-largest sales market after Indonesia. Japanese automakers are so dominant that for decades they have treated it almost as an extension of their home market. Thailand's pitch to Chinese EV makers has been its existing supply base – built largely for Japanese automakers – and readiness to provide incentives.

Persons: Athit, Sebastien Dupuy, Pasit Chantharojwong, Wall's Ora, Tesla, Isuzu, Hajime Yamamoto, Yamamoto, Goldman Sachs, General Narit Therdsteerasukdi, Narong Sritalayon, BEV, Chayut, Daniel Leussink, Kevin Krolicki, Jamie Freed Organizations: REUTERS, Siam Motors, Nissan Motors, EV, Reuters Graphics CHINA, JAPAN, Toyota Corolla, China's SAIC, Toyota, Honda, Nomura Research, Reuters, Thailand's, of Investment, Wall, Thomson Locations: Thailand, Bangkok, Thailand BANGKOK, Siam, BYD, China, Thai, Southeast, Indonesia, Japan, Europe, JAPAN Bangkok, Tokyo

Only Cambodia has so far officially confirmed it intended to attend the talks. Myanmar's junta spokesman could not be reached for comment on Sunday. Thailand's foreign ministry was tight-lipped about exactly who was attending the two-day gathering in the resort town of Pattaya, for which outgoing Foreign Minister Don Pramudwinai sent invitation letters just four days before its start. Cambodian Foreign Minister Prak Sokhonn was to attend the meeting, his government said in a statement on Friday. Vietnam's government said its foreign minister would not attend "due to a prior engagement".

Persons: Nobel, Aung, Myanmar's, Swe, Don Pramudwinai, Don, Prak Sokhonn, Vivian Balakrishnan, Nantiwat Samart, Suu Kyi's, Panu, Phuong Nguyen, Ananda Teresia, Stefanno Sulaiman, Poppy McPherson, Devjyot, Kay Johnson, William Mallard Organizations: Association of Southeast Asian Nations, ASEAN, Reuters, Cambodian, Nation TV, National Unity Government, Thai, Ananda, Thomson Locations: BANGKOK, Cambodia, Suu, Thailand, Pattaya, Myanmar, Indonesia, Singapore, Thai, ASEAN, Malaysia, Philippines, Bangkok, Hanoi, Kuala Lumpur, Jakarta, Shoon

Two sources with knowledge of Sunday's meeting told Reuters that Myanmar's junta-appointed foreign minister had been invited. Myanmar's military spokesman did not respond to phone calls on Friday night. ASEAN chair Indonesia has declined to attend the proposed meeting, according to three sources. Phil Robertson, deputy Asia director of Human Rights Watch, said the Thai foreign minister had shown "arrogance" by inviting his junta counterpart who other regional neighbours have shunned. Indonesia last month cited progress in its own behind-the-scenes efforts to engage multiple parties in Myanmar's conflict in a bid to advance a peace process agreed by ASEAN leaders and Myanmar's military in April 2021.

Persons: Don Pramudwinai, Nobel, Aung, hasn't, Myanmar's, Prayuth Chan, ocha, Don's, Don, Phil Robertson, Ananda Teresia, Devjyot Ghoshal, Kay Johnson, Stanley Widianto, Martin Petty, Devjyot, Angus MacSwan Organizations: ASEAN, of Southeast Asian Nations, Thailand's Foreign, Reuters, Myanmar's, Foreign Ministry, Human Rights, Party, United Nations, Thomson Locations: Myanmar, Thailand, Indonesia, Thailand BANGKOK, Suu, Jakarta, Asia, Bangkok, Shoon

☆ Indonesia's delayed China-funded rail project beset by fresh problems
▼ + stars: | 2023-06-07 | by ( Stefanno Sulaiman | ) www.reuters.com time to read: +5 min

[1/2] An electric Multiple Unit high-speed train is seen during Hot Sliding Test in Tegalluar, Bandung, West Java province, Indonesia, May 19, 2023, in this photo taken by Antara Foto. China-backed consortium PT KCIC, Mott MacDonald, Umbra, CDB and China's embassy in Jakarta did not respond immediately to requests for comment. PT KCIC was awarded the project in 2015 after lodging a cheaper proposal than a Japanese rival, with completion expected in 2019. The planned 45-minute train ride between Jakarta and Bandung compares with a car journey of two to three hours or the current three-hour rail trip. Locating the stations in central Jakarta and Bandung would have been too costly, ministry official Seto said.

Persons: Antara, Al Farisi, Joko Widodo, Teuku Rezasyah, Mott MacDonald, Mahendra Vijaya, Hario, PwC, Sutanto Soehodho, Seto, Stefanno Sulaiman, Devjyot Ghoshal, Jamie Freed Organizations: REUTERS, Initiative, Padjadjaran University, Reuters, PT, China Development Bank, CDB, PT KCIC, KCIC, University of Indonesia, Thomson Locations: Tegalluar, Bandung, West Java, Indonesia, REUTERS JAKARTA, China, Jakarta, Indonesian, Southeast Asia's, Independence, PwC, CDB, China's

[1/2] The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. Thailand's Board of Investment held discussions with five major Chinese EV makers including Geely during a roadshow to China in April, its Secretary-General Narit Therdsteerasukdi said. "All expressed keen interest in Thailand's policy to develop a regional EV production base and an integrated EV supply chain," Narit said, without providing more details of the talks with Geely. BYD and China's Great Wall Motor Co Ltd (601633.SS) are already working on building local EV production in Thailand. China's Great Wall Motor has said it is considering a research and development centre in Thailand that could work on battery-powered pickup trucks.

Persons: Aly Song BANGKOK, Geely, Narit Therdsteerasukdi, JAC Motors, Narit, Aston Martin, China's, Devjyot Ghoshal, Zhang Yan, Jamie Freed Organizations: Shanghai, REUTERS, Reuters, of Investment, BYD Co, Chongqing Changan Automobile Co, Jiangling Motors Corp Ltd, EV, Wall Motor Co, Volvo, Aston, Malaysian carmaker Proton, Toyota Motor Corp, Isuzu Motors, Thomson Locations: Shanghai, China, Thailand, Chongqing, Geely, Swedish, Southeast Asia

The Hebei-based company is also considering establishing a research and development centre in Thailand that could work on battery powered pickup trucks, Narong Sritalayon, managing director of Great Wall Motor Thailand said in an interview. "I think there is a lot of things we can learn from Thailand's unique market for pickup trucks," Narong said. Great Wall launched its Ora Good Cat compact EV in Thailand in late 2021. Great Wall entered Thailand in 2020 after taking over a former General Motors Co (GM.N) plant that currently makes two of its Haval hybrid vehicles for sale in the country. But the facility could be upgraded for battery cell production with additional investment depending on demand and Thai government support, Great Wall added.

Move Forward's main coalition partner would be the Pheu Thai party, backed by the billionaire Shinawatra family that was - until now - the main challenger of the conservative, military-backed royalist establishment that has held power for the last decade. Pheu Thai, which won the last five general elections but got pushed out of power each time, secured 141 seats, according to the latest projections, only 10 fewer than Move Forward. "There are many obstacles that Move Forward and Pheu Thai have to overcome." Full-time politics came in 2019, when Pita entered parliament with 80 other members of the Future Forward Party. To become prime minister, Pita must also navigate the upper house.

☆ Powerful storm snaps communications network in Myanmar's Rakhine
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +3 min

[1/3] Strong winds and heavy rainfall is seen at ThekayPyin Rohingya camp, as Cyclone Mocha approaches, in Sittwe, Rakhine, Myanmar, May 14, 2023 in this screengrab taken from a handout video. Some 400,000 people were evacuated in Myanmar and Bangladesh ahead of Cyclone Mocha making landfall, as authorities and aid agencies scrambled to avoid heavy casualties. "All communication is still down and people are in trouble because all the roofs are gone," said Khine Thu Kha, a spokesman for the Arakan Army, which control swathes of Rakhine state. Benjamin Small, a consultant with the United Nations Development Programme, said it was hard to understand the scale of destruction because of ruptured communications in Rakhine. "The storm itself is a trigger for more problems as heavy rains continue and landslides and flooding tend to follow."

[1/2] Move Forward Party leader and prime ministerial candidate, Pita Limjaroenrat, looks up at the crowd during the general election in Bangkok, Thailand, May 14, 2023. Move Forward has shaken the political landscape, long dominated by military-backed parties or the opposition Pheu Thai party driven by the billionaire Shinawatra family. Move Forward's charismatic prime ministerial candidate Pita Limjaroenrat was jubilant. A chunk of Move Forward's support has come from young voters, including 3.3 million eligible to vote for the first time. "I feel like my vote has improved the country," she said, dressed in orange, Move Forward's colour, at party headquarters.

☆ Powerful cyclone barrels towards Myanmar, Bangladesh; 400,000 evacuated
▼ + stars: | 2023-05-14 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

But many more could suffer as the storm moves inland from the Bay of Bengal, the United Nations Satellite Centre has warned. "People at risk are in the process of being transferred to safe shelters and we are also arranging relief packages," said Farah Kabir of ActionAid Bangladesh. Most refugees live in makeshift dwellings in the densely packed camps after having fled a military-led crackdown in Myanmar in 2017. "We have arranged for meals in co-operation with local residents but if this becomes long-term, there will be more problems." About 6 million people are already in need of humanitarian assistance and 1.2 million are displaced in Rakhine and the northwest, OCHA says.

☆ Cyclone Mocha heads to Bangladesh, Myanmar coasts as thousands flee
▼ + stars: | 2023-05-13 | by ( Ruma Paul | ) www.reuters.com time to read: +2 min

DHAKA, May 13 (Reuters) - A powerful storm packing winds of up to 175 kph (109 mph) barrelled towards the coasts of eastern Bangladesh and Myanmar on Saturday, threatening around a million Rohingya refugees and others living in low-lying areas. Thousands of people in both countries have already fled to safer areas ahead of the storm. Cyclone Mocha is likely to intensify further and make landfall on Sunday between Cox's Bazar in Bangladesh and Myanmar, the Bangladesh Meteorological Department said in a bulletin. Cox's Bazar, a southeastern border district, is where more than a million Rohingya refugees live, most of them having fled a military-led crackdown in Myanmar in 2017. At least 10,000 have left their homes in Myanmar's Rakhine state for safer areas, local media reported.

☆ Thai candidates parade through Bangkok before Sunday vote
▼ + stars: | 2023-05-13 | by ( Chayut Setboonsarng | ) www.reuters.com time to read: +2 min

Prime Minister Prayuth Chan-ocha faces an uphill battle to retain power in Sunday's general election, with opposition parties including Pheu Thai and Move Forward surging in popularity, according to opinion polls. On the back of a bright red car, Paetongtarn Shinawatra and Srettha Thavisin - two prime ministerial candidates for Pheu Thai - waved to onlookers. "I would like to ask first time voters to choose Pheu Thai," Paetongtarn told reporters as she stepped off the vehicle. [1/7] Thailand's incumbent Prime Minister Prayuth Chan-ocha greets supporters at the United Thai Nation Party's (Ruam Thai Sang Chart Party) rally event ahead of the upcoming general election, in Bangkok, Thailand, May 12, 2023. Across town, a truck carrying members of Prayuth's United Thai Nation party stopped occasionally as supporters took selfies and gave flowers.

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".

Thailand was the most popular outbound destination for Chinese travelers during the May labour day holiday, data from website Trip.com showed, followed by Japan and South Korea. "There is definitely demand from China for properties in Thailand," said Mesak Chunharakchot, the president of the Thai Real Estate Association. "Chinese are buying houses, sending their children to international schools and having their parents come stay in Thailand to take care of the grandkids." Nearly 270,000 Chinese tourists visited Thailand in March, government data shows, a three-year high, though well below the figure of 985,227 in March 2019, before the pandemic took hold. Therefore some would sell one of the houses in China and buy a property here for retirement."

☆ Thailand in talks with CATL, others on potential battery plants, govt official says
▼ + stars: | 2023-05-03 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +3 min

"We are talking to many companies, not only CATL but many companies in the battery industry," said Narit Therdsteerasukdi, Secretary General of Thailand Board of Investment (BOI). CATL, the world's dominant battery supplier with a 37% market share, currently has no production facilities in Southeast Asia, its website shows. In the past few years, Thailand has drawn investments from EV companies, mainly Chinese, including Great Wall Motors and BYD Co (002594.SZ). Narit said the government's goal was to direct support and subsidies to land larger battery production facilities. CATL currently has 13 battery production hubs, 11 in China, one in Hungary and one in Germany.

The World Health Organization said last year the syrups, made by Indian manufacturer Maiden Pharmaceuticals Ltd, contained lethal toxins ethylene glycol (EG) and diethylene glycol (DEG) – used in car brake fluid. "If you ask and you don't get informed, it's a dead end," Rutendo Kuwana, the WHO's team lead for incidents with substandard and falsified medicines, told Reuters in an interview on March 31. Drug inspectors found a dozen violations at Maiden last October related to the production of the cough syrups sold to Gambia, a government document showed. Among these, some of the COAs of raw ingredients used in making the syrups, including propylene glycol, were missing batch numbers. Kuwana said the WHO was sure of its own cough syrup test results from two separate independent laboratories, both of which showed contamination.

☆ Myanmar's neighbours, some ASEAN members hold secretive talks on crisis - sources
▼ + stars: | 2023-04-26 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +3 min

BANGKOK, April 26 (Reuters) - Government and think-tank representatives from Myanmar and its neighbours, including India and China, held talks in New Delhi on Tuesday as part of a secretive effort to de-escalate a bloody crisis in the army-run Southeast Asian nation, two sources said. One of the sources said participants were interested in bringing into the process Myanmar's shadow National Unity Government (NUG), an organisation affiliated with the resistance and declared "terrorists" by the junta. "The neighbouring countries' perspective needs to be taken into account," said the source, "For them, the foremost priority is the de-escalation of the violence." ASEAN has barred the junta from attending until they implement the plan, which has infuriated the generals. "This effort will not supplant ASEAN," the second source said of the ongoing talks, "This will only complement."

BANGKOK, April 22 (Reuters) - Thailand's opposition bloc should stick together to dislodge the military from politics and form a government after an election in May, the leader of a popular opposition party told Reuters on the sidelines of a packed campaign rally on Saturday. Thailand's election, on May 14, is shaping up as a contest between pro-military conservatives and the populist opposition led by Pheu Thai Party and its ally the Move Forward Party. Two governments Pheu Thai supported were overthrown by military coups, in 2006 and 2014. He is contesting the upcoming election but recent opinion polls put him behind both Pheu Thai and Move Forward, who maintained first and second places. Pita said that support bases complimented compliment Pheu Thai, backed by the working class and farmers in the rural north and northeast.

☆ New year revelry returns to Thai streets as tourism rebounds
▼ + stars: | 2023-04-13 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +2 min

[1/5] People play with water as they celebrate during the Songkran holiday which marks the Thai New Year in Bangkok, Thailand, April 13. Festivities for Songkran, a much-loved Thai festival sometimes described as the world's largest water fight, had been muted or barred for the past few years due mainly to COVID-19 restrictions. ABut as travellers now return to Thailand, the key tourism sector is helping revive Southeast Asia's second-largest economy. Thailand beat its target of 6 million tourist arrivals in the first quarter, recording 6.15 million visitors between January and late March, according to government data. At least 30 million tourists are expected to visit Thailand this year and spend 1.5 trillion baht ($43.74 billion), according to projections by the Tourism Council, an industry body.

[1/2] Anutin Charnvirakul, Bhumjaithai Party's leader and prime ministerial candidate, speaks during an interview with Reuters in Bangkok, Thailand, April 10, 2023. This time, new election rules favour bigger parties, and Bhumjaithai has strengthened its slate of candidates to compete with larger opponents. "Last time, Bhumjaithai Party won millions of votes from people who believed in the benefits of marijuana," he said. Some small parties have suggested amending it and Pheu Thai has raised the possibility of discussing it in parliament. "Protecting the monarchy is an inspiration for the party," Anutin said.

[1/5] A woman works inside a cannabis shop, at Khaosan Road, one of the favourite tourist spots in Bangkok, Thailand, March 29, 2023. Thousands of cannabis shops and businesses have sprung up, especially in Bangkok and tourist spots, since Thailand became the first Southeast Asian country to decriminalise the drug. A deluge of marijuana smuggled in from abroad has swamped Thailand, driving down wholesale prices and hurting growers, the industry members said. He did not comment on the scale of smuggled cannabis in the market or its impact on farmers. "A lot of cannabis that's coming in from the U.S. is going to dispensaries in Bangkok or Phuket or Pattaya," she said.

☆ At least 22 people killed in suspected massacre at Myanmar monastery
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +4 min

[1/2] Soldiers stand next to military vehicles as people gather to protest against the military coup, in Yangon, Myanmar, February 15, 2021. A spokesman for the KNDF said its soldiers entered Nan Neint on Sunday and found dead bodies scattered at a Buddhist monastery. Video and photographs provided by the KNDF and another group, the Karenni Revolution Union (KRU), showed bullet wounds to the torso and heads of the dead bodies and bullet holes in the walls of the monastery. "Since all the dead bodies were found within the compound of Nan Nein monastery, it is evident that this was a massacre." At least 3,137 people have been killed in the military crackdown since the coup, according to the non-profit Assistance Association for Political Prisoners.

☆ India-Russia defence firm eyes $200 mln missile deal with Indonesia
▼ + stars: | 2023-03-15 | by ( Devjyot Ghoshal | ) www.reuters.com time to read: +4 min

The company has been in protracted negotiations with Indonesia and details about the size and timeline of a potential deal have not been previously reported. "I have a team right now in Jakarta," Rane told Reuters in an interview, adding that a deal could be in place within the year. "The defence forces of Indonesia are extremely interested." A spokesperson for the Philippine Department of National Defence did not immediately respond to a request for comment. Western-led sanctions against Russia for its invasion of Ukraine have not impacted BrahMos production or planning, said Rane.

Search resuls for: "Devjyot Ghoshal"

25 mentions found