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July 19 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The disconnect between Asia and the rest of the world has widened recently, and correlations between the MSCI Asia ex-Japan index and leading U.S. and global indexes are the weakest in about a month. Bulls in Asia will be hoping some of that momentum drives local trading on Wednesday. The MSCI Asia equity index ex-Japan is up 4.6% this year, significantly underperforming the MSCI World index, S&P 500 and Nasdaq which are up 17%, 19% and 38%, respectively. Disappointing second quarter growth figures this week pushed the Chinese economic surprises index to its lowest in more than three years.

Persons: Jamie McGeever, John Kerry, Li Shangfu, Henry Kissinger, Pita Limjaroenrat, Josie Kao Organizations: Bulls, Nasdaq, Bank of America, Bank of New York Mellon, Biden, Thomson, Reuters Locations: Asia, Japan, U.S, China, Beijing, Thailand, Zealand

☆ Tourism, not politics, is crucial for the Thai baht: BNP Paribas
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTourism, not politics, is crucial for the Thai baht: BNP ParibasChidu Narayanan of BNP Paribas says the Bank of Thailand could start hiking interest rates given the rebound in Thailand's tourism sector.

Persons: Chidu Narayanan Organizations: Tourism, BNP, Bank of Locations: Bank of Thailand

After winning the general election in May, the progressive Move Forward party in Thailand promised to introduce bold democratic reforms in the Southeast Asian nation. Now, as Parliament gathers on Wednesday to vote for prime minister for a second time in less than a week, the fragile coalition that Move Forward has cobbled together is on the verge of falling apart. “Thailand is not ready to change,” said Pongkwan Sawasdipakdi, a political scientist at Thammasat University in Bangkok. “People in the establishment are not going to let change happen.”Opposition parties tend to come and go in Thailand. Each time, they face rough headwinds brought on by the military-appointed Senate and royalist allies that form the bedrock of the country’s conservative political establishment.

Persons: ”, Pongkwan Sawasdipakdi Organizations: Thammasat University Locations: Thailand, Bangkok, “

REUTERS/Jorge SilvaBANGKOK/NEW DELHI, July 17 (Reuters) - Indian tourists are streaming into Southeast Asia, cementing the world most populous country's position as a key growth market for a travel and tourism sector that is feeling the pinch of China's slower-than-expected re-opening. "Southeast Asia is obviously very well positioned for a lot of the growth that is inevitably going to come from India," aviation analyst Brendan Sobie told an industry conference last month. Tanes Petsuwan, deputy governor of the Tourism Authority of Thailand said 1.6 million Indians were expected to visit the kingdom this year. Indians are helping to sustain a post-pandemic rebound for hospitality chains, including Minor Hotels, which has 45 properties in Southeast Asia with more than 6,000 rooms. Thailand's central bank expects 29 million visitors this year and 35.5 million in 2024.

Persons: Jorge Silva, Brendan Sobie, Tanes Petsuwan, Chai Eamsiri, Chai, Vinay Malhotra, IndiGo's, Sobie, Dillip, Pratyush Tripathy, That's, Somsong Sachaphimukh, Somsong, Pasit, Stefanno Sulaiman, Neil Jerome Morales, Robert Birsel Organizations: REUTERS, Jorge Silva BANGKOK, Thai Airways, Organisation for Economic Cooperation, Reuters, Asian Development Bank, Tourism Authority, IndiGo, Airbus, Minor, Bank of, Tourism Council of, Thomson Locations: India, Thailand, Patong, Phuket, DELHI, Asia, China, Thai, Singapore, Indonesia, Southeast Asia, Jakarta, Bangkok, Kolkata, Pattaya, Europe, United States, Thailand's, Bank of Thailand, Tourism Council of Thailand, BANGKOK, JAKARTA, MANILA

☆ US concerned about developments in legal system after Thailand election
▼ + stars: | 2023-07-17 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

WASHINGTON, July 17 (Reuters) - The United States is concerned about developments in Thailand's legal system, State Department spokesperson Matthew Miller said on Monday, after two separate complaints against the leader of the party that won the most seats in a May 14 election. Thailand's parliament is preparing a second vote on Wednesday on whether Pita Limjaroenrat, leader of the progressive Move Forward party, can become prime minister. U.S. officials have said little about the post-election developments in Thailand, a longstanding military ally in a region where Washington is wary of China's growing influence. "We are very closely watching the post-election developments - that includes the recent developments in the legal system, which are of concern," Miller said. The election commission has also recommended the same court disqualify Pita over ownership of shares in a media company in violation of electoral rules.

Persons: Matthew Miller, Pita Limjaroenrat, Pita, Miller, Simon Lewis, Grant McCool Organizations: State, U.S, Thomson Locations: United States, Thailand's, Thailand, Washington, Thai

☆ I'm a Gen Zer who chose a European college over the Ivy League because I could get a master's in less time and for less money than in the US
▼ + stars: | 2023-07-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

She chose St Andrew's University in Scotland because in four years she'd finish with a master's. She attended the University of St Andrews, in Scotland, from 2017 to 2021. At all of them, I was speaking with recruiters and coaches about joining their water polo teams. I ultimately narrowed it down to two colleges in the UK: King's College in London and St Andrews in Scotland. Plus, nearly 40% of the St Andrews student population is international, with lots of American students.

Persons: Nicole Thompson, Thompson, Louis, —, Europe Thompson, Brown, Ivy —, I'd, Andrew's, Prince Will, St Andrews, America Thompson, It's, let's Organizations: St Andrew's University, Service, University of St, Junior Olympics, King's College, St, St Andrews, Arts Locations: Scotland, Wall, Silicon, San Francisco, University of St Andrews, Australia, Utah, Missouri, Thailand, St, Europe, London, St Andrews, America, California

☆ Famed luxury train is returning to Southeast Asia with two new routes
▼ + stars: | 2023-07-14 | by ( Karla Cripps | ) edition.cnn.com time to read: +4 min

In February 2024, The Eastern & Oriental Express, A Belmond Train will launch two seasonal return-trip journeys out of Singapore that take in the landscapes of its northern neighbor, Malaysia. These routes mark the brand’s official return to Southeast Asia after being forced to cease operations during the Covid-19 pandemic. The Eastern & Oriental Express, A Belmond Train's open-air observation carriage. BelmondAccording to Belmond, operator of the train, the 15 signature green- and cream-colored carriages, once a familiar site for train spotters in the region, have been restyled. Travelers familiar with the luxury train’s long-established presence in Southeast Asia might be asking: why isn’t it traveling up through Thailand to Bangkok?

Persons: George Town, Belmond, ” Organizations: CNN, Oriental Express, Oriental, State, Presidential, Travelers, Orient, CNN Travel Locations: Southeast Asia, Singapore, Malaysia, Singapore’s Woodlands, Penang, Langkawi, Taman, Pullman, Kuala Lumpur, Malay Culture, Alor Setar, George, Malaysian, Thailand, Bangkok, Venice, Kanchanaburi, Thailand’s

☆ Taylor Swift: It's a 'Cruel Summer' for fans in Asia as Singapore shows sell out
▼ + stars: | 2023-07-14 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

CNN —It’s been a Cruel Summer for Taylor Swift fans in Asia. Among them was Jordan Lee, a die hard Swiftie from Jakarta who told CNN that he had come “close to snagging” a ticket, priced $80 and up. “They weren’t violent but they made their views very clear, the same would happen with Taylor Swift if she came to Malaysia,” he said. Venues can only hold about 20,000 people, which is too few for Taylor Swift and her Eras Tour, which will be a big production. Taylor Swift performs onstage during her US-leg of the Eras Tour.

Persons: CNN — It’s, Taylor Swift, Swift, “, Jordan Lee, ” Lee, Taylor Hill, Nur Hazlina, Pita Limjaroenrat, Thais, Suzanne Codeiro, Syed Saddiq, ”, Selena Gomez, Lady Gaga, Stuart MacFarlane, Song Seng, “ Swift Organizations: CNN, Organizers, Ticketmaster, Swift, Rights, Kuala Lumpur, Party, T, Getty, Philippine, Coldplay, Malaysian Islamic, “, ”, Arsenal FC, Kallang, Management, Singapore’s Ministry of Culture ,, Youth Locations: Asia, Singapore, Southeast Asia, Bangkok, Manila, Jakarta, United States, South America, Europe, Australia, New Zealand, Japan, Kuala, Thailand, “ Thailand, Philippines, Arlington , Texas, AFP, Malaysia, Indonesia, British, Malaysian, Kuala Lumpur, “ Malaysia, Hong Kong

☆ Thailand's Parliament is about to pick a new prime minister — and a generation's hopes are at stake
▼ + stars: | 2023-07-12 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

Move Forward Party leader and prime ministerial candidate Pita Limjaroenrat addresses supporters ahead of the July 13 parliamentary vote to elect Thailand's next prime minister, in front of Central World in Bangkok on July 9, 2023. The installation of Wan Noor as a compromise candidate after second-placed party Pheu Thai had objected to Move Forward's choice, was just the beginning. "It puts the Pheu Thai Party in an advantageous position if Mr Pita fails to get sufficient votes from the senators to back him as prime minister." Limjaroenrat needs 376 votes to become prime minister. Pictured in this May 18 photograph are (from left) Sudarat Keyuraphan, leader of the Thai Sang Thai Party; Pita Limjaroenrat, prime minister candidate and leader of the Move Forward Party; and Cholnan Srikaew, leader of Pheu Thai Party.

Persons: Pita Limjaroenrat, Thailand's, Tananchai, Wan, —, Party —, Limjaroenrat —, Prayut Chan, Wan Noor, Thai, Mr Wan, Syetarn Hansakul, Mr Pita, it's, Sudarat Keyuraphan, Cholnan Srikaew, Forward's, King Maha Vajiralongkorn, Prapanth Koonmee, Nomura, EIU's, Limjaroenrat, Napon Jatusripitak, ISEAS, Thitinan Pongsudhirak, Thaksin Shinawatra, — he's, Pheu, Thaksin, He's, he's, Pavin Chachavalpongpun Organizations: Forward Party, Afp, Getty, Thailand's, Representatives, Party, Harvard, Thai Party, Economist Intelligence Unit, National Assembly, Thai Sang, Pheu Thai Party, Limjaroenrat's, ISEAS Yusof, Institute, Chulalongkorn University, CNBC, Prachachat Party, Kyoto University's Center, Southeast Asian Studies, Thai Lawyers for Human Locations: Bangkok, Thai, Thai Sang Thai, Thailand, Singapore, Thai Rak Thai

☆ How Thai food became so popular in the US — and how today’s chefs are going beyond pad thai
▼ + stars: | 2023-07-12 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When Anajak Thai opened in 1981, most people who walked into the Los Angeles restaurant weren’t familiar with Thai cuisine. Thai food became so popular among Americans that the Thai government took notice. Thai food in the US reaches new heightsToday, the Thai restaurant scene in the US is perhaps the most exciting that it’s ever been. And Thai American chefs like Pichetrungsi are continuing to defy stereotypes and misconceptions of what constitutes Thai food. He wants to show diners just how innovative Thai cuisine can be, but he’s hesitant to take familiar comforts like pad thai off the menu altogether.

Persons: Justin Pichetrungsi, Pichetrungsi’s, Rick Pichetrungsi, Anajak, ” Pichetrungsi, Pichetrungsi, he’s, It’s, Mark Padoongpatt, Padoongpatt, Marie Wilson, ” Padoongpatt, Justin, “, ”, Saipin Chutima, Bill, Isabella Vosmikova, Andy Ricker, Chiang, Leah Nash, Chiang Mai, Hong Thaimee, Rather, ” Thaimee, Leela Punyaratabandhu, Punyaratabandhu, mok, We’ve, James Beard, it's, Mariah Tauger Organizations: CNN, Sherman Oaks, Disney, University of Nevada, Thai, Food, Lotus, White, Washington Post, Pichetrungsi, Los Angeles Times Locations: Los Angeles, L.A, Thailand, Asia, Las Vegas, Thai America, United States, Angeles, Central Thailand, Thai, Siam, Northern Thailand, White American, Portland , Oregon, Chiang Mai, Bangkok, America, New, Chicago, Heart, Malaysian, California

CNN —Thailand’s parliament will vote for a new prime minister Thursday, a critical moment for the future of democracy in the country following nearly a decade of turbulent military-backed rule. Prayut was elected prime minister in 2019, a win largely credited to a military-drafted constitution that entrenched the military’s power in politics. On Tuesday, Prayut announced his retirement, adding he would remain as prime minister until the new government is formed. Monarchy looms over voteThat could be a major roadblock in Pita’s path to prime minister. Move Forward’s proposed structural changes target the heart of this establishment, with priorities to “demilitarize, demonopolize and decentralize” Thailand, Pita recently told CNN.

Persons: CNN —, Pita Limjaroenrat, Pita, Prayut Chan, Prayut, –, King, lese, Seri Suwannapanon, Kittisak Rattanawaraha, ” Organizations: CNN, Assembly, Move, Party, Harvard, Sunday, Twitter Locations: Thailand, Thursday’s, decentralize, Bangkok

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

CNN —Thailand’s Prime Minister Prayut Chan-o-cha will not seek re-election and will retire from politics, his party said Tuesday. The announcement came two days before Thailand’s parliament was set to vote for a new prime minister following a May election that saw Thais overwhelmingly reject military-backed rule. Prayut, 69, has ruled Thailand since 2014, when as army chief, he seized power in a coup and declared himself prime minister. Prayut will remain as prime minister until the new government is formed. The former general’s rule as a military coup leader turned prime minister has been marred by growing authoritarianism and widening inequality.

Persons: CNN —, Prayut Chan, Thais, Pheu, Prayut, Thitinan Pongsudhirak, “, ”, Prayut’s, ” Thitinan, Pita Limjaroenrat, Thitinan Organizations: CNN, CNN — Thailand’s, Party, Institute of Security, Studies, Chulalongkorn University Locations: Thailand

Bangkok CNN —Burger King is causing a stir in Thailand with its new offering: a burger with no meat and a jaw-dropping amount of cheese. This week, the Thai operator of the fast food chain introduced what it calls the “real cheeseburger,” a bun filled with as many as 20 slices of American cheese. This is for real,” Burger King said in a Sunday social media post. At one Burger King branch in Bangkok on Tuesday, a shift manager was overheard saying the outlet had to stop taking delivery orders so they could have enough stock left for walk-in diners. In Thailand, cheese is especially popular among young customers, and it is common for the dairy product to be sprinkled on all kinds of dishes.

Persons: Bangkok CNN — Burger, ” Burger King, CNN she’d, ”, angus, Alisa Chuengviroj, Burger Organizations: Bangkok CNN, Burger, CNN, Minor International, Dairy Locations: Bangkok, Thailand, Thai, United States

☆ China-led electronic vehicle boom in Thailand threatens Japan's grip on key market
▼ + stars: | 2023-07-10 | by ( ) www.cnbc.com time to read: +2 min

A visitor plugs a charger into an electric vehicle on display at the 44th Bangkok International Motor Show in Bangkok on March 22, 2023. 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 transition offers a test case for other economies as Chinese automakers ramp up exports and build overseas production hubs, partly in response to a hypercompetitive home market for electric cars.

Persons: Sebastien Dupuy, BYD Organizations: Thailand's Siam Motors, Nissan Motors, Siam Motors, EV Locations: Bangkok, Siam, Thailand, China, Thai, Southeast, Indonesia, Japan, Europe

The military has for decades invoked its duty to defend the monarchy to justify intervention in politics, and used the lese majeste law to stifle dissent, critics say. Much depends on whether Move Forward's main ally, second-place winner Pheu Thai, sticks with it or seeks other coalition partners if Pita's bid looks doomed. King Vajiralongkorn, 70, who has no role in choosing a government, has remained silent on the lese majeste issue since the election. In the last election in 2019, no party would have dared suggest amending the lese majeste law. Pheu Thai, which has 141 seats to Move Forward's 151, could nominate its prime ministerial candidate with the eight-party alliance intact.

Persons: Maha Vajiralongkorn, Suthida, Pita Limjaroenrat, Pita, Seri Suwanpanon, King Maha Vajiralongkorn, Prayuth Chan, Pheu, King Vajiralongkorn, Thitinan Pongsudhirak, Thaksin Shinawatra, Titipol Phakdeewanich, Amarat Chokepamitkul, Panu, Kay Johnson, Robert Birsel Organizations: REUTERS, Reuters, Royal News, Thai Lawyers for Human Rights, Bangkok's Chulalongkorn University, Senate, Ubon Ratchathani University, Royal Household Bureau, Thomson Locations: Bangkok, Thailand, Thai, Handout, BANGKOK, Pheu

☆ Explainer: What's behind China's failed 'truce' in EV price war?
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +5 min

[1/2] A Tesla Model 3 electric vehicle (EV) is displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. Toyota (7203.T) offered a discount on its bZ4X EV, and Nissan (7201.T) offered an incentive on its Ariya EV. Volkswagen's (VOWG_p.DE) joint ventures with SAIC and FAW also announced price cuts in China on their ID-series EVs on Friday. AlixPartners said while China's EV market will continue to grow rapidly, intensifying competition and excess capacity will also drive a shakeout. In one example, Chinese automakers have invested $1.4 billion in Thailand since 2020, now dominating the Thai EV market after taking share from the Japanese brands that have long operated there.

Persons: Florence Lo, Tesla, CAAM, Li Auto, Liu Xu, furloughs, AlixPartners, Zhang Yan, Kevin Krolicki, Tom Hogue Organizations: Tesla, Fair for Trade, Services, REUTERS, China Association of Auto Manufacturers, stoke, HK, Volvo, Chery Automobile, Global, Ford, Toyota, Nissan, EV, General Motors, Honda, Consultancy, Consumers, SAIC, GAC, Dongfeng, FAW Group, China's Ministry of Industry, Information Technology, FAW, National Strategy Institute of Tsinghua University, International, Hyundai, Thai EV, Thomson Locations: Beijing, China, Shanghai, Europe, Southeast Asia, Thailand, Singapore

☆ Top US-China exchanges since Biden took office
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +5 min

Below is a list of some of the other high level U.S.-China exchanges since President Joe Biden took office in 2021. FIRST TRADE TALKS - May 26, 2021U.S. Trade Representative Katherine Tai and China's then Vice Premier Liu He held talks virtually, the first such high level trade talks between the world's two biggest economies since Biden took office. DIPLOMAT VISITS CHINA - July 26, 2021Deputy Secretary of State Wendy Sherman held talks with State Councillor Wang Yi, in Tianjin, China. DEFENCE CHIEFS HOLD FIRST TALKS - April 20, 2022U.S. Defense Secretary Lloyd Austin held a call with China's then defence minister Wei Fenghe, the first talks between the two officials since Biden took office. BIDEN AND XI MEET IN BALI - November 14, 2022Biden and Xi held their long-awaited first face-to-face leadership talks on the sidelines of the G20 summit in Bali, Indonesia.

Persons: Janet Yellen, John Kerry, Joe Biden, BIDEN, Biden, Xi Jinping, Xi, Jake Sullivan, Yang Jiechi, Wang Yi, Katherine Tai, China's, Liu, Wendy Sherman, SULLIVAN, YANG, Sullivan, Yang, Lloyd Austin, Wei Fenghe, WANG, Wang, Nancy Pelosi, HARRIS, Kamala Harris, Gina Raimondo, Wang Wentao, National Defense Li Shangfu, Li, BLINKEN, Antony Blinken, Washington's, Martin Quin Pollard, Raju Gopalakrishnan, Kim Coghill Organizations: . Treasury, U.S, FIRST, National Security, . Trade, CHIEFS, . Defense, General Assembly, BIDEN, IN, Economic Cooperation APEC, CHINA COMMERCE, . Commerce, Commerce, Washington D.C, China's, National Defense, Pentagon, Austin, BEIJING, Thomson Locations: China, Beijing, Yellen's, U.S, Anchorage , Alaska, Blinken, CHINA, Tianjin, Taiwan, North Korea, ROME, Russia, Ukraine, New York, IN BALI, Bali , Indonesia, BANGKOK, Asia, Thailand, MUNICH, Munich, WASHINGTON, Washington, Singapore

[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

☆ 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

☆ Rice to get costlier as weather, India's farm perks threaten supply
▼ + stars: | 2023-07-06 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +5 min

"As Indian prices moved up because of the new minimum support price, other suppliers also started raising prices." Yet even before the weather phenomenon can disrupt production, the global rice price index of the Food and Agriculture Organization hovers above an 11-year high. The price of Indian rice exports has jumped 9% to a five-year high, following a hike of 7% last month in the price the government pays farmers for new-season common rice. "Rice prices have already been rising due to limited supplies," added Olam's Gupta. Last month Indonesia signed a rare pact with India to import 1 million tons if El Nino disrupts domestic supply.

Persons: El Nino, Krishna Rao, REA, Rice, El, Nitin Gupta, Gupta, Rosa Wang, Narendra Modi's, Modi, Himanshu Agarwal, Rajendra Jadhav, Qin Ningwei, Tony Munroe, Clarence Fernandez Organizations: Rice, Association, Reuters, El, Food and Agriculture Organization, U.S . Department of Agriculture, El Nino, Reuters Graphics, Shanghai JC Intelligence, Narendra Modi's Bharatiya Janata Party, BJP, Satyam Balajee, Vietnam, Thomson Locations: MUMBAI, India, Ukraine, Asia, Bangladesh, China, Indonesia, Thailand, Vietnam, New Delhi, Singapore, Myanmar, Pakistan, Indian, Philippines

☆ BYD launches its most direct Tesla competitor yet
▼ + stars: | 2023-07-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The Denza N7 is set to begin deliveries in about two weeks, according to the company. In another page from Nio's playbook, the Denza N7 launch in Beijing was followed by a live music performance. Its prior electric model, the D9 multi-purpose vehicle, claims more than 10,000 sales a month since since March. At the time Zeng said he expected competition in China's new energy vehicle market would move into the 400,000 yuan to 500,000 yuan price range and above. The 100,000 yuan to 200,000 yuan price range has been the primary price range for cars in China, Zeng said.

Persons: Yang Dongsheng, Tesla, Tu Le, Denza, playbook, Denza's, Zhao Changjiang, BYD, Nvidia Orin, Orin isn't, Yang, Craig Zeng, Zeng Organizations: Bloomberg, Getty, Tesla's, Tesla, Benz Group, Tech, Benz, BMW, Audi, Qualcomm, Nvidia, CNBC Locations: Beijing, BEIJING, China, Weibo, Thailand, Hong Kong, Macao, Europe

☆ Thailand alliance unites on house leadership after spat over speaker
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: +3 min

A southerner and ethnic Malay Muslim in predominantly Buddhist Thailand, Wan Noor has served previously as house speaker and has close ties with Pheu Thai's leadership. "I will conduct duties fairly ... with transparency in considering draft laws and petitions to improve the lives of all Thais," Wan Noor told the house. Pita on Tuesday said Move Forward had "retreated" on its position having been assured by Wan Noor that its policies would be supported. The two deputy speaker positions will go to Move Forward and Pheu Thai. "What we do not know is whether Pheu Thai will switch sides if the initial vote for Pita fails."

Persons: Wan, Wan Noor, Pheu, Pita Limjaroenrat, Pita, Titipol Organizations: Lawmakers, Prachachart Party, Malay Muslim, Facebook, Ubon Ratchathani University Locations: Thailand, Bangkok, Matha, Malay

☆ Two teenagers set off on a cycle trip around the world. It didn’t go according to plan
▼ + stars: | 2023-07-04 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +10 min

Editor’s Note: Monthly Ticket is a CNN Travel series that spotlights some of the most fascinating topics in the travel world. CNN —He set off on a two-year cycling trip around the world with a friend shortly after graduating from high school in 2021. But just a few months into the journey, Adam Swanson from Minnesota, who was 17 at the time, found himself traveling solo. Long-held dreamSwanson has spent the past two years riding around 20 countries around the world, including Nepal. It’s been really easy.”Swanson spent around three months riding through Thailand waiting for the borders to open so that he could explore more of Southeast Asia.

Persons: we’re, Adam Swanson, Swanson, “, I’ll, ”, Adam Swanson “, we’ve, Henry, he’d, He’d, ” Swanson, I’m, It’s, Swanson’s, exhaustedly, ’ Swanson, Adam Swanson Swanson, ” He’s, he’s, “ It’s Organizations: CNN, University of Minnesota, CNN Travel, UPS, Annapurna Circuit, ” Locations: Minnesota, Nepal, Eastern Europe, Minneapolis, Netherlands, Germany, Belgium, France, Italy, Slovenia, Croatia, Europe, India, Thailand, Southeast Asia, Cambodia, Laos, Vietnam, Pokhara, Kyrgyzstan, Kazakhstan, Central Asia, Asia, Uzbekistan, Tashkent, Pakistan, Georgia, Turkey, Greece, Switzerland, South America, Chile, Argentina, Los Angeles, East Asia, Marrakesh, California

☆ Chinese tourist numbers in Thailand are down but they are spending more, hospitality company says
▼ + stars: | 2023-07-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese tourist numbers in Thailand are down but they are spending more, hospitality company saysWilliam Heinecke, chairman of Minor International, discusses the return of Chinese tourists to Thailand and their impact on the hospitality sector.

Persons: William Heinecke Organizations: Minor International Locations: Thailand

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