DIRS.INFO The most relevant business & tech news

☆ Australia imposes sanctions on Iran, Russia over human rights violations
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chalinee Thirasupa/File PhotoSYDNEY, Dec 10 (Reuters) - Australia's foreign minister on Saturday said the government would place targeted sanctions on Russia and Iran in response to what it said were "egregious" human rights violations. Seven Russians involved in what the foreign minister said was the attempted assassination of former opposition leader Alexei Navalny would also have human rights sanctions imposed on them, she said. In addition to human rights sanctions, Wong said Australia was placing further targeted financial sanctions on three Iranians and one Iranian business for supplying drones to Russia for use against Ukraine. "The supply of drones to Russia is evidence of the role Iran plays in destabilising global security. Australia's previous Liberal-National coalition government first imposed Magnitsky-style sanctions - measures that impose financial penalties and travel bans against individuals - in March against 14 Russian individuals.

☆ Tesla launches EVs in Thailand amid competition from cheaper brands
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The Tesla Model Y is covered by black cloth during Thailand Tesla's official launch event in Bangkok, Thailand, December 7, 2022. It produces about 1.5 million to 2 million vehicles annually, of which about half are exported. Customers who showed up to Tesla's launch in a luxury mall in central Bangkok said they were interested in the new cars being offered. The price differences aren't significant (from other EV brands)," said office worker Thitipun Paisirikul, 36, adding he expected the re-sale value of the car would be high. State-owned energy firm PTT Group this year announced a $1 billion joint venture with Taiwan's Foxconn to produce EVs in Thailand.

☆ Analysis: Investors look to emerging markets as planets align for end of dollar bull market
▼ + stars: | 2022-12-06 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, Dec 6 (Reuters) - As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. Signs of a broader turn in dollar sentiment are visible in the buck’s 8% decline against a basket of developed market currencies from its September highs. "The planets are lining up for a dollar bear market," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US. Emerging market currencies have outperformed their developed market counterparts this year, with MSCI's index of emerging market currencies down 5% year-to-date, while the dollar's G10 peers have lost nearly twice as much. Conversely, tightening by central banks around the world also risks sparking a global recession, a scenario some believe could hurt emerging market currencies and help the dollar.

☆ Asian FX bulls loom on signs of slowing Fed rate hikes, China reopening
▼ + stars: | 2022-12-01 | by ( Savyata Mishra | ) www.reuters.com time to read: +4 min

Market participants turned bullish on the U.S. dollar-sensitive South Korean won for the first time since July 1, 2021, the poll of 12 analysts showed on Thursday. Expectations that the dollar's strength and U.S. yields had peaked saw investors return to emerging markets in November. "Given the negative burden of the Fed's tightening cycle on Asian currencies, an eventual pivot toward easing will likely deliver a rally in Asia FX," BofA analysts said in a note last week. However, Barclays analysts warn of challenges from increased fragmentation of domestic politics and the slowing economy. The poll uses estimates of net long or short positions on a scale of minus 3 to plus 3.

☆ Thai central bank to deliver third straight 25bps hike on Nov. 30
▼ + stars: | 2022-11-28 | by ( Anant Chandak | ) www.reuters.com time to read: +3 min

"Negative real interest rates will continue to favour the Thai economic recovery as it diverges away from an ultra-tight monetary policy elsewhere in the world, most notably in the U.S. and Europe." Despite the wide interest rate gap, the baht has been one of the top performers in emerging market currencies, depreciating only about 7% so far this year. The government wants tourism next year to reach 80% of its pre-pandemic levels, even as global growth is likely to slow. "We expect Thai international tourism arrivals to be resilient to the global economic slowdown, with arrivals showing low sensitivity to global economic activity fluctuations historically," said Chua Han Teng, economist at DBS. Reporting and Polling by Anant Chandak; Editing by Ross Finley and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Thailand still wants Russian tourists – and direct flights are making it easy to get to Phuket
▼ + stars: | 2022-11-26 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Direct flights between Russia and Thailand's largest island, Phuket, resumed on October 30. On the same day, the Russian state-owned airline Aeroflot restarted direct flights to Thailand, India, and the Maldives. In January, 24,000 Russian tourists arrived in Phuket. Now that direct flights have returned, Russian airlines are fast expanding their routes to Thailand, according to The Thaiger. The country aims to welcome 1 million Russian tourists in 2022, per DW, with numbers forecast to peak in the coming winter as Russians trade cold for tropical beaches.

In Asia, Japan's manufacturing activity is shrinking at its fastest pace in two years, flash estimates showed. Investors will be paying close attention to the PMI reports for most other Asian countries - including economic heavyweights China, South Korea and India - due out on Dec. 1. Like stocks, regional FX markets are enjoying a period of relative calm as weaker U.S. inflation readings have weighed on the dollar. Investors will be hoping for more consolidation and calm on Friday, leaving the potential PMI fireworks for next week. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Car bomb kills one, hurts nearly 30 in southern Thailand -police
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

BANGKOK, Nov 22 (Reuters) - At least one person was killed when a car bomb exploded inside a police compound in southern Thailand on Tuesday, a police official said. "It was a car bomb. Images on social media showed black smoke billowing from a car on fire inside a low-rise compound and police diverting traffic away. Provinces in southern Thailand along the border with Malaysia have seen a decades-long, low-level insurgency, in which the Thai government has battled shadowy groups seeking independence for the predominantly Muslim provinces of Pattani, Yala, Narathiwat and parts of Songkhla. Explosions and fires ripped through at least 17 locations in southern Thailand in August, in what appeared to be multiple coordinated attacks that injured seven people.

Separately, police fired rubber bullets to disperse anti-government protesters in Bangkok as the host of the Asia-Paciﬁc Economic Cooperation (APEC) summit, Thai Prime Minister Prayuth Chan-ocha, opened the conference. U.S. Vice President Kamala Harris called an emergency gathering of leaders from Australia, Japan, South Korea, Canada and New Zealand on the sidelines of the summit after North Korea carried out the missile test. "This conduct by North Korea most recently is a brazen violation of multiple U.N. Security Council resolutions," she said. Japanese Prime Minister Fumio Kishida, who is in Bangkok for the APEC meeting, told reporters North Korea had "repeated its provocations with unprecedented frequency". First Deputy Prime Minister Andrei Belousov is representing him at APEC.

☆ Factbox: What is APEC and which leaders are attending Bangkok summit?
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +5 min

[1/5] A general view outside of the Queen Sirikit National Convention Center venue during the Asia-Pacific Economic Cooperation (APEC) summit, at Asoke Junction, in Bangkok, Thailand November 17, 2022. The United States will be the APEC host in 2023. CHINA PRESIDENT XI JINPINGXi met Japanese Prime Minister Fumio Kishida in Bangkok on Thursday for talks. RUSSIA FIRST DEPUTY PRIME MINISTER ANDREI BELOUSOVBelousov will represent President Valadmir Putin at APEC. PAPUA NEW GUINEA PRIME MINISTER JAMES MARAPEMarape will hold meetings with U.S. State Secretary Antony Blinken.

☆ Kamala Harris Leads U.S. Push to Bolster Economic Ties in Asia
▼ + stars: | 2022-11-17 | by ( William Mauldin | Keith Zhai | ) www.wsj.com time to read: 1 min

BANGKOK, Thailand—Vice President Kamala Harris and other senior Biden administration officials are using an Asian economic gathering to pursue closer business ties and press for higher environmental and labor standards in a part of the world where China has deep economic links. Ms. Harris is leading the U.S. delegation at the 21-nation Asia-Pacific Economic Cooperation leaders summit that begins Friday in the Thai capital, Bangkok—the first time in four years the group is gathering. Secretary of State Antony Blinken and Katherine Tai , the U.S. trade representative, attended minister-level meetings on Thursday that, Ms. Tai said, brought momentum to U.S. economic efforts.

[1/5] A person enters a cannabis shop near the venue of the Asia-Pacific Economic Cooperation (APEC) Summit in Bangkok, Thailand November 17, 2022. Since Thailand decriminalised cannabis this year shops selling homegrown and imported strains, pre-rolled joints and gummies sprang up rapidly. A cannabis regulation bill to govern cultivation, sale, and consumption has been delayed in parliament, causing confusion over just aspects will be legal. The president of Thailand's association of forensic physicians, Smith Srisont, petitioned a court last week to re-list it as a narcotic. Akira Wongwan, the chief executive of a medical cannabis business, Adam Group, said profit margins for recreational cannabis were "super high".

☆ New Zealand's Ardern set to meet China's President Xi
▼ + stars: | 2022-11-17 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

[1/2] New Zealands' Prime Minister Jacinda Ardern addresses the 77th United Nations General Assembly at U.N. headquarters in New York City, New York, U.S., September 23, 2022. REUTERS/Caitlin OchsWELLINGTON, Nov 17 (Reuters) - New Zealand Prime Minister Jacinda Ardern expects to meet Chinese President Xi Jinping on Friday on the sidelines of the meeting of the Asia-Pacific trade group APEC, a New Zealand government spokesperson said on Thursday. It will be their first meeting in person since 2019, although they spoke by telephone in 2021. Ardern flew to Cambodia this week to attend the East Asia Summit of the Association of South East Asian Nations (ASEAN), hold two-way meetings and attend related events. Reporting by Lucy Craymer; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Indonesia's Indika, Taiwan's Foxconn mull EV partnership with Thai firm
▼ + stars: | 2022-11-16 | by ( Stefanno Sulaiman | ) www.reuters.com time to read: +2 min

JAKARTA, Nov 16 (Reuters) - Coal miner PT Indika Energy (INDY.JK) and Taiwan-based Foxconn (2317.TW), which are partnering to make electric vehicles in Indonesia, are considering bringing in a Thai firm as a third partner, Indika's top executive told Reuters on Wednesday. Arsjad Rasjid, President Director of Indonesian miner Indika, declined to name the Thai company nor any target for the completion of the partnership due to ongoing negotiations, but said the three could invest in EV or EV battery production. In September, Indika and Foxconn launched a $2 billion joint venture to make EVs, batteries and energy storage in Indonesia. Foxconn, Apple's biggest iPhone maker, also has a $1 billion joint venture with Thai energy group PTT (PTT.BK) to produce battery EVs. Indika is one of the top coal miners in Indonesia, which is the world's biggest coal exporter.

After learning about its Russian roots from Reuters, it removed Pushwoosh software from seven public-facing apps, citing security concerns. The U.S. Army said it had removed an app containing Pushwoosh code in March because of the same concerns. Pushwoosh code has been embedded into almost 8,000 apps in the Google and Apple app stores, according to Appfigures, an app intelligence website. "We haven't found any clear sign of deceptive or malicious intent in Pushwoosh's activity, which certainly doesn't diminish the risk of having app data leaking to Russia," he added. The CDC apps that contained Pushwoosh code included the agency's main app and others set up to share information on a wide range of health concerns.

[1/2] Taylor Swift receives the award for the Best Longform Video during the 2022 MTV Europe Music Awards (EMAs) at the PSD Bank Dome in Duesseldorf, Germany, November 13, 2022. REUTERS/Wolfgang RattayDUESSELDORF, Nov 13 (Reuters) - Taylor Swift walked away with four prizes at MTV's Europe Music Awards on Sunday, including best video for her 10-minute "All Too Well". Double-award winners included Nicki Minaj for best song and best hip-hop, and the French DJ and record producer David Guetta won the best electronic award and best collaboration. The U.S. pop singer Swift, wearing a dress of bejewelled mesh, won best artist, best pop, best video and best long form video. British pop star Harry Styles won in the "best live" category and the Thai-born Lalisa 'Lisa' Manoban won best K-pop.

☆ The Thai economy is picking up pace, says Bank of America
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Thai economy is picking up pace, says Bank of AmericaMook Pibuldham of Bank of America says that the Thai economy has been enjoying positive sentiments in its post-Covid recovery and that several sectors have seen an improvement in performance.

☆ Atthaya Thitikul: Thai teen becomes second youngest women's world No. 1 golfer
▼ + stars: | 2022-11-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +9 min

In doing so Thitikul becomes the second youngest golfer to reach the summit of the women’s game. Already a two-time winner on the LPGA Tour, Thitikul is also only the second player – after Park Sung-hyun – to have reached the world No.1 slot in their rookie season. Henderson has since racked up eight wins on the LPGA Tour, her most recent coming at the LA Open in April 2021. She won her first LPGA Tour event in March 2022 at the JTBC Classic in Southern California (pictured), and in May, rose to No. 1 ranking in 2015, and today boasts 17 victories on the LPGA Tour.

☆ World’s best spicy foods: 20 dishes to try
▼ + stars: | 2022-10-27 | by ( Terry Ward | ) edition.cnn.com time to read: +17 min

When it comes to the world’s best spicy dishes, we have some of the world’s hottest peppers to thank, along with incredible layers of flavor and a long, spice-loving human history. Peppers – a headliner for heat – are rated on the Scoville Heat Units scale, which measures capsaicin and other active components of chile peppers. And it’s the perky red pepper of the same name that brings the spiciness to this complex, layered and delicious dish. “The peperoncino (red chile pepper) is what makes this sauce ‘angry’ (arrabbiata) or spicy,” Chris MacLean of Italy-based Open Tuesday Wines said via email. FomaA/Adobe StockThe fiery Ethiopian spice blend called berbere – aromatic with chile peppers, basil, cardamom, garlic and ginger – is instrumental to the flavor chorus that’s doro wat, Ethiopia’s much-loved spicy chicken stew.

Persons: ”, Saurav Dutt, “ Ginger, chiles, ” Hunter, Dutt, Nigeria Ata, Kwoklyn Wan, “, It’s, pattarasiri, Piri, piri, it’s, Mao’s, Mao Zedong’s, shao rou, Cook, Suzie Lee, Brent Hofacker, Mark Harvey, podcaster, Ayam, betutu, Todd Taulman, serrano, jalapeño, Phaal Curry, Penne all’arrabbiata, ’, Chris MacLean of, MacLean, ’ ”, marati, Doro wat, doro, you’re, Mapo, vindaloo, Julian Gonzalez, ” Gonzalez Organizations: CNN, Adobe, chiles, BBC, “, Buffalo Wild Wings, Wines, Sawmill Locations: Sichuan, Nigeria, West, China, British, Chongqing, Thailand, Isaan, Laos, Mozambique, Angola, Portuguese, Piri, chiles, Namibia, South Africa, Beijing, Jamaica, Spanish Town, Montego Bay, Boston Bay, Ayam betutu, Indonesia, Bali, Lombok, Buffalo, United States, American, Alaska, Maine, Buffalo , New York, cayenne, Worcestershire, Mexico, Mexican, Sinaloa, Bangkok, rendang, Malaysia, West Sumatra, Indonesia’s, Brunei, Philippines, South Korea, Birmingham, England, Bangladesh, Bangladeshi, Italy, Chris MacLean of Italy, Rome’s Lazio, India, South India, India’s, Tamil, Ethiopia, Goa, United Kingdom, Mafé, Senegal Senegalese, Mali, Gambia, Albuquerque , New Mexico, In Texas

BANGKOK, Oct 27 (Reuters) - A Thai celebrity media tycoon, transgender rights advocate and new owner of the Miss Universe beauty pageant wants to use the event to inspire women like her and boost tourism. She bought the Miss Universe Organisation on Wednesday for $20 million, marking the first time the beauty pageant organiser has been owned by a woman, her company said. REUTERS/Athit Perawongmetha 1 2 3 4She said Miss Universe can promote Thailand's Five F-factors tourism campaign, boosting fighting (Thai boxing), film, festival, fashion and food. “Every country - not just Thailand - will get tourism income when you are the (pageant) host country,” Jakapong said. Other plans for Miss Universe include licensing and merchandising opportunities, including integration with JKN’s own businesses like fashion, beverages and cosmetics.

A Thai businesswoman and transgender advocate bought the Miss Universe Organization for $20 million, making her the first woman to own the global beauty pageant in its 71-year history, her company announced Wednesday. The Miss Universe Organization, which was co-owned by former President Donald Trump between 1996-2015, was bought by Endeavor’s IMG in 2015. Miss Universe, Harnaaz Sandhu of India, waves after being crowned Dec. 12, 2021, in Eilat, Israel. The Miss Universe pageant, which started in 1952, broadcasts in 165 countries. The pageant featured its first transgender contestant in 2018, when Miss Spain, Angela Ponce, competed for the crown.

☆ Red Bull owner Dietrich Mateschitz dies aged 78
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +3 min

Red Bull owner Dietrich Mateschitz (R) congratulates Red Bull Formula One driver Sebastian Vettel of Germany for winning the championship and the Abu Dhabi Grand Prix at the Yas Marina circuit November 14, 2010. REUTERS/Ahmed JadallahOct 22 (Reuters) - Dietrich Mateschitz, the Austrian billionaire founder and owner of energy drink company Red Bull, died on Saturday at the age 78 after a serious illness with cancer. The Styrian-born entrepreneur built a global empire around the energy drink Red Bull and was considered the richest man in Austria. The group achieved a turnover of 7.8 billion euros in 2021 and sold 9.8 billion Red Bull cans worldwide. Mateschitz was also the founder and owner of Red Bull Racing, a Formula 1 racing team based in Milton Keynes, Britain.

☆ We expect to see an improvement in our current account by the end of this year, says Thai minister
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect to see an improvement in our current account by the end of this year, says Thai ministerArkhom Termpittayapaisith, Thailand's finance minister, says the Thai baht is currently "quite weak" but it expects to see improvements in its current account by the end of 2022.

"It's a catch-up, or catch-down, kind of effect," said Galvin Chia, an emerging markets strategist at NatWest Markets. "There are some exceptional factors, but none of these would provide that kind of panacea for underlying risks that remain." Indonesia's foreign exchange reserves fell by $1.4 billion last month to $130.8 billion, due to debt payments and Bank Indonesia's efforts to stabilise the rupiah. read moreData for September also showed a surge in Indonesia's inflation to a seven-year high, reflecting a jump in fuel prices. "If you look at consumption, look at credit growth, everything is domestic, unlike the other export markets in Asia.

☆ Thai rate hikes to be gradual, inflation to stay high through 2022 -c.bank minutes
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

BANGKOK, Oct 12 (Reuters) - Thailand's rate committee raised its key interest rate late last month and noted that headline inflation was set to remain high through 2022, minutes of the meeting showed on Wednesday. Policy normalisation should be done in a gradual and measured manner consistent with the outlook for growth and inflation, the minutes said. Register now for FREE unlimited access to Reuters.com RegisterHeadline inflation would remain at a high level through 2022 and the outlook would still be subject to upside risks, the minutes said. The committee felt that potential labour shortage could affect the economic recovery and create upward pressures on wages in some business sectors, the minutes said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Orathai Sriring Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "The Thai"

25 mentions found