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The nagging feeling which keeps travelers tethered to their devices has been coined the fear of switching off, or FOSO. It's loosely similar to the fear of missing out (FOMO), commonly denoted as the worries of not being included in exciting experiences or activities that others are a part of. FOSO can be seen as an extension of FOMO, said Handcock. "The fear of disconnecting from devices partially stems from a fear of missing out on work and home updates," he elaborated. Gideon Mendel | Corbis Historical | Getty ImagesAccording to the survey by Priority Pass, FOSO is more prevalent among younger travelers.
Persons: Jasper Chan ambled, Chan, Collinson, Tan De, Todd Handcock, Cortney Warren, FOSO, Warren, Gideon Mendel, Gen Z, boomers, Tovah Klein, Klein, Zs, Collins, Jefferson Low, Tan De Xun, Tan, Young Organizations: CNBC Travel, CNBC, Barnard College, Jefferson, Bank of Japan, Vw, Getty Locations: Wat Arun, Bangkok, Tan De Xun, FOMO, Niseko, Bank, Singapore, Lesotho, Africa
An electric car is seen while being charged during the opening of a PTT Pcl energy firm's commercial EV (Electric Vehicle) charging station, in Bangkok, Thailand, August 15, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing RightsBANGKOK, Nov 1 (Reuters) - Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a top regional auto hub where battery-powered cars are steadily gaining traction. The new package approved by the National Electric Vehicle Policy Committee includes a lower subsidy than the current scheme ending this year, chairman of the Federation of Thai Industries, Kriengkrai Theinnukul, told reporters. EVs have enjoyed strong sales in Thailand this year, accounting for about half of all EV sales in Southeast Asia in the second quarter. Thailand currently offers a government subsidy of up to 150,000 baht ($4,100) per vehicle, but the amount could be brought down to 100,000 baht, a government official said last month.
Persons: Jorge Silva, Kriengkrai Theinnukul, EVs, Kitiphong Thaichareon, Orathai Sriring, Martin Petty Organizations: PTT, REUTERS, Rights, National Electric Vehicle, Federation of Thai Industries, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Southeast Asia, BYD
Thailand to waive visas for Taiwan and India to boost tourism
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +1 min
BANGKOK, Oct 31 (Reuters) - Thailand will waive visa requirements for arrivals from India and Taiwan from next month to May 2024, a government official said on Tuesday, in a bid to draw in more tourists as high season approaches. Thailand in September scrapped visa requirements for Chinese tourists, the country's top pre-pandemic tourism market with 11 million of the record 39 million arrivals in 2019. "Arrivals from India and Taiwan can enter Thailand for 30 days," spokesperson Chai Wacharonke said. India has been Thailand's fourth largest source market for tourism so far this year with about 1.2 million arrivals after Malaysia, China and South Korea. Inbound tourism from India showed signs of growth as more airlines and hospitality chains targeted that market.
Persons: Chai Wacharonke, Panarat Thepgumpanat, Chayut Setboonsarng, Martin Petty Organizations: Thomson Locations: BANGKOK, Thailand, India, Taiwan, Malaysia, China, South Korea
[1/5] Spain's Princess Leonor arrives to swear an oath to the constitution at the parliament in Madrid, Spain, October 31, 2023. Those surveyed then gave Felipe VI an average score of 4.34 out of ten. Juan Carlos also did not attend Tuesday's ceremony. Juan Carlos has declined to comment on the various allegations of wrongdoing. Opponents of the monarchy see Juan Carlos' coronation in 1975 as illegitimate, saying he had been groomed to succeed dictator Francisco Franco.
Persons: Leonor, Susana Vera, Princess Leonor, King Felipe VI, Unidas Podemos, Sinaptica, Felipe VI, Juan Carlos I, Juan Carlos, Francisco Franco, David Latona, Andrei Khalip, Andrew Heavens Organizations: REUTERS, Rights, for Sociological Studies, Thomson Locations: Madrid, Spain, Rights MADRID, Wales, Catalonia, Basque, Galicia, Saudi Arabia, Abu Dhabi
HONG KONG (AP) — Asian shares were mixed on Monday ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. That’s particularly concerning for the Fed, which fears such expectations could lead to a vicious cycle that worsens high inflation. The Shanghai Composite index rose 0.3% to 3,025.76. As one of the most massive companies on Wall Street, Amazon’s stock movements carry huge weight on the S&P 500 and other indexes.
Persons: Netanyahu, Australia’s, Stocks, Russell, Ford, Brent Organizations: Federal, Federal Reserve, U.S, Nikkei, Bank of Japan, China, Dow Jones, Nasdaq, Wall, Intel, United Auto Workers, Treasury, New York Mercantile Exchange, U.S . Locations: HONG KONG, Israel, Israeli, Gaza, China, Shanghai, Hong Kong, Bangkok
The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.
Persons: , Xi Jinping’s, Takehiko Nakao, China’s, , Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, , China, People’s Bank of China, Hong Kong, Foshan
After the violent struggle with his attacker, Kunwong was left for dead, heavily bleeding from the wound in his throat. He was eventually found and cared for by other migrant workers. ‘Business as usual’ for Thai workers, aid groups sayThe Thai government has called for the release of all remaining citizens being held in Gaza. So far at least 33 Thai nationals have been killed, according to figures shared by Thai authorities with CNN – with 18 Thai nationals still being held hostage as of October 26. Families told CNN that, despite the conflict in Israel, Thai migrant workers were under pressure to honor contracts specifying minimum five years of labor – a heavy price to pay to support their families back home.
Persons: Kunwong, , , has, Thais, Yahel Kurlander, Kurlander, ” Kurlander, Lillian Suwanrumpha, Benjamin Netanyahu, Parnpree Bahiddha, Nukara, Zohar Shvartzberg, AAW, Manee Jirachart, CNN Kunwong, Manee, Chumporn Organizations: Thailand CNN, CNN, Israeli Government Press Office, Hamas, Hai, Getty, UN, Thai, Jobs, Families, Agricultural Workers Locations: Udon Thani, Thailand, Israel, Gaza, Palestinian, Nepal, Philippines, Israel’s, Thai, Tel, Bangkok, AFP, Tel Aviv
The central bank's growth forecast of 4.4% for 2024 will be revised if there is any change in the government's stimulus plan, he added. Sethaput said the Bank of Thailand is concerned about the fallout from the conflict in the Middle East. "A new factor that I'm quite wary about is Middle East problems as evaluating the impact of this risk is very difficult," he said, but added that the current policy rate is appropriate. The rate has been raised by a total of 200 basis points since August last year to rein in elevated inflation. ($1 = 36.11 baht)Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
Persons: Sethaput Suthiwartnarueput, Sethaput, Orathai Sriring, Kitiphong, Shri Navaratnam Organizations: Bank of, Bank, Thomson Locations: BANGKOK, Bank of Thailand, outflows
A total of 4,771 Thai citizens have led Israel since the Oct. 7 Hamas terrorist rampage. The Thai government said that 18 of its citizens remain hostages somewhere in Gaza. An estimated 30,000 Thai workers labored in Israel's food industry prior to the latest war. Many Thai workers, and some students, have opted to stay for now amid reports that some Israeli employers have increased their pay, according to the Bangkok Post. An estimated 30,000 Thai workers have labored in Israel's fields of crops like wheat and its fruit groves as part of an agreement between the countries.
Persons: , Thais, Young, Sakchai Lalit Organizations: Service, Thai Ministry of Foreign Affairs, Hamas, Bangkok Post, Suvarnabhumi Locations: Israel, Gaza, Bangkok, Thailand, Samut Prakarn Province, Tehran
HONG KONG (AP) — Asian shares advanced Friday after the latest tumble on Wall Street, where the S&P 500 fell to its lowest level in five months. But investors are more concerned about what will happen rather than what has passed, and worry that a solid economy could continue to push prices higher. That could push the Fed to keep rates high for a long time to curb inflation. Higher interest rates could mean eventual weakness for the economy and corporate profits. And high bond yields make investors less willing to pay high prices for stocks and other investments.
Persons: Australia’s, Taiex, haven’t, Wall, Brent Organizations: Nikkei, Statistics, Big Tech, Nasdaq, Dow Jones, Facebook, Treasury, Federal Reserve, New York Mercantile Exchange Locations: HONG KONG, Gaza, Tokyo, Hong Kong, Shanghai, Seoul, Israel, U.S
That is true both for the two countries at the national level, and for state-level engagement. California has a steady and long working relationship with China. Arnold Schwarzenegger, a Republican governor, started the formal relationship with China over climate cooperation a decade ago, Jaros said. State regulators also have banned the sale of most new gas-powered cars in California by 2035. Meanwhile, the California family of a Christian pastor who has been detained in China since 2006 said Newsom should take any possible opportunity to argue for his release.
Persons: Gavin Newsom’s, Xi Jinping, Joe Biden, Xi, China “, , Alex Wang, Trump, Kyle Jaros, Arnold Schwarzenegger, Jaros, Democrat Jerry Brown, , Wang, Newsom, he’s, Jinping, Alfred Wu, David Lin’s Organizations: , China -, U.S, Economic Cooperation, UCLA, University of Notre Dame, Republican, Democrat, UCLA’s Emmett Institute, Democratic, National University of Singapore Locations: BANGKOK, — California, China, San Francisco, Asia, California, Hong Kong, U.S, Beijing, Taiwan
BANGKOK (AP) — China's Environment Minister Huang Runqiu said Thursday his country wants to strengthen cooperation with the United States to combat climate change, as he met in Beijing with California Gov. Newsom is on a weeklong tour of China where he is pushing for climate cooperation. The climate is one of the few issues where the U.S. and China have agreed to work together. Governors of California, which has an economy larger than most countries, have a long history of climate collaboration with China. Brown also met Xi Jinping in 2017.
Persons: Huang Runqiu, Gavin Newsom, Newsom, Huang, Xi Jinping, Wang Yi, Han Zheng, Jerry Brown, Arnold Schwarzenegger, Brown, Olivia Zhang Organizations: , California Gov, U.S, ___ Associated Press Locations: BANGKOK, — China's, United States, Beijing, China, Taiwan, California
BANGKOK (AP) — Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday. The European-based maker of Jeep and Ram and Leapmotor said in a joint statement that they have formed a strategic partnership and joint venture that aims to expand the Chinese EV maker’s sales both inside and outside of China. Stellantis said it expects to benefit from Leapmotor’s “tech-first EV ecosystem” in China to meet its own targets for shifting to electric vehicles. The companies said the 51% Stellantis-led joint venture will have exclusive rights to export and sell Leapmotor’s vehicles outside China. Leapmotor has focused on the mid- to high-end of the EV market in China, selling 111,000 electric vehicles in 2022.
Persons: , Leapmotor, Stellantis, BEV Organizations: EV, Hong Kong, Fiat Chrysler Automobiles, French PSA Group Locations: BANGKOK, Leapmotor, China, Hangzhou, Hong, Amsterdam
BANGKOK (AP) — World shares and crude oil prices have slipped ahead of an update on the state of the U.S. economy in the last quarter. Uncertainty over the U.S. economic outlook, the war in the Middle East and other hazards is rippling through world markets. High yields whittle away at prices for stocks and other investments while slowing borrowing and adding pressure to the financial system. In the oil market, U.S. benchmark crude oil sank $1.23 to $84.16 per barrel in electronic trading on the New York Mercantile Exchange. However, escalations in the conflict do not necessarily cause oil prices to surge.
Persons: Germany's DAX, Hang Seng, Sydney's, Taiwan's Taiex, whittle, Brent, it’s Organizations: CAC, Dow Jones, Treasury, Tokyo’s Nikkei, Federal, New York Mercantile Exchange, U.S Locations: BANGKOK, U.S, Paris, Seoul, Hong, Shanghai, Bangkok, . U.S, Israel, Iran, escalations, Gaza
HONG KONG, Oct 25 (Reuters) - Shandong Taishan moved to the top of Group G of the Asian Champions League on Wednesday as Brazilian striker Cryzan and former Manchester United midfielder Marouane Fellaini scored in the second half to secure a 2-0 win over hosts Incheon United. Only the winners of each of the 10 groups in the Asian Champions League are certain to progress to the last 16, where they will be joined by the three runners-up from the eastern and western halves of the continent with the best records. Thailand's Bangkok United maintained their perfect start in Group F by coming from behind to beat Kitchee 2-1 in Hong Kong. Austria international Jakob Jantscher, a summer signing for the Hong Kong champions, gave Kitchee a seventh-minute lead but Rungrath Phumichantuk levelled four minutes into first half stoppage time. In Group H, first half goals from Alessandro Lopane and Jamie Maclaren saw Melbourne City secure a 2-0 win over Buriram United in Thailand to move onto seven points from three games.
Persons: Cryzan, Marouane Fellaini, Fellaini, Kota, Kenyu Sugimoto, Anderson Lopes, Kevin Muscat's, Jakob Jantscher, Kitchee, Rungrath Phumichantuk, Willen Mota, Fernando, Thais, Bassel, Dan Petrescu's, Alessandro Lopane, Jamie Maclaren, Japan's Ventforet Kofu, Lucas Possignolo, Nyasha Mushekwi, Michael Church, Christian Radnedge Organizations: Asian Champions League, Manchester United, Incheon United, Chinese Super League, South, Incheon, Yokohama F Marinos, Kaya FC, Kota Mizunuma, Bangkok United, Kitchee, Hong, Jeonbuk Motors, Lion City, Melbourne City, Buriram United, Australians, Thomson Locations: HONG KONG, Shandong Taishan, Shandong, Iloilo, Philippines, Bangkok, Hong Kong, Austria, Thailand
BANGKOK (AP) — World shares were mixed Wednesday after China pledged more spending to energize its economy. U.S. futures were mixed and oil prices turned higher. In early European trading, Germany's DAX fell 0.4% to 14,825.07 and the CAC 40 in Paris lost 0.5% to 6,864.02. A solid job market and spending by U.S. households has helped keep the economy chugging along. In the oil market, prices have dipped, taking some more pressure off inflation.
Persons: Zhu Zhongming, ” Stephen Innes, Hong, Germany's DAX, Kospi, India's Sensex, they've, they’re, Brent, it's Organizations: China, Xinhua, Agency, Management, CAC, Dow Jones, Dow, Nasdaq, Japan's Nikkei, Sydney, Stock, Treasury, Fed, U.S Locations: BANGKOK, Paris, Frankfurt, Sydney, Seoul, London, Tokyo, Hong Kong . U.S, China, Shanghai, Bangkok, U.S, Israel, Iran
Speaking at this week's global finance meeting in Riyadh, HSBC boss Noel Quinn warned of a potential "tipping point on fiscal deficits" for a number of countries across the world. And some analysts fear the uncertainty of next year's funding crush is filtering out the steepening yield curve via the term premium. Term premium at highest in 8 yearsReuters GraphicsCBO long-term US debt and deficit projections'DOOM LOOP'? That's spooky enough, until you start to factor in the recent yield spike and or a return of the term premium to 60-year averages of 150 bp. Tipping point or not, there's a danger the market is starting crystallise the problem it fears most.
Persons: Sukree, Noel Quinn, it's, that's, Stephen Jen, Jen, Goldman Sachs, Jeremy Hunt, Mike Dolan Organizations: HSBC, New York Fed, Federal Reserve, Fed, JPMorgan, Treasury, CBO, Moody's, Reuters Graphics Reuters, Reuters, Thomson Locations: Kasikornbank, Bangkok, Riyadh, U.S, Washington, Europe, Italy
BANGKOK, Oct 24 (Reuters) - The Thai government may buy a frigate instead of a submarine from China after the Chinese manufacturer was unable to include a German engine as specified in the original deal, Thailand's defence minister has said. China has proposed replacing the German engines with Chinese-made equipment several rounds of negotiations did not yield a conclusive result. "We have proposed to China and they are considering it," defence minister Sutin Klungsang told a local media outlet on Tuesday. The defence minister said last week that procurement of submarine would be shelved for now and resume "when the country is ready". The Chinese submarine deal has attracted public criticism of the previous government, with the opposition and critics raising questions about whether was in the public interest, and whether submarines were necessary for security.
Persons: Srettha Thavisin's, Sutin Klungsang, Sutin, Panarat Thepgumpanat, Panu, Gerry Doyle Organizations: Thomson Locations: BANGKOK, Thai, China, Thailand, Germany, Beijing
BANGKOK (AP) — Military-ruled Myanmar on Tuesday allowed prisoners to have family visitors from outside, a right that had been suspended for 3½ years because of the coronavirus pandemic, the military’s information office and prison officials said. Visitors must be able to provide proof of COVID-19 vaccinations and a household relationship to the prisoner being met. Family visitation rights were suspended after the coronavirus pandemic began in early 2020. Most sectors of society gradually reduced or dropped testing requirements and other virus-fighting measures since 2022, but family visits to prisoners had remained banned. The total number of prisoners held in Myanmar, not only political detainees, isn't publicly known.
Persons: Aung San, Aung San Suu Kyi, Tun Kyi, isn't Organizations: , Associated Press, Association for Political, Former Political Prisoners Society, Prison Locations: BANGKOK, Myanmar, Thayarwaddy, Bago, Yangon, Aung San Suu, Tun, Magway
All of a sudden, after a single summer, the pink jersey is everywhere. Tor Southard was better placed than most, but even he was caught unaware. As Adidas’s senior director for soccer in North America, he had been receiving emails from colleagues for nearly a year asking if the company’s biggest star, Lionel Messi, would be joining Inter Miami, also a client of Adidas. As far as he knew, it was just a rumor. Like the rest of the planet, Southard learned it was true only on June 7, the day Messi announced his intentions in a rare interview with two Spanish news outlets.
Persons: Tor Southard, Adidas’s, Lionel Messi, Messi Organizations: Inter Miami, Adidas Locations: Buenos Aires, Bangkok, England, Southeast Asia, North America
Hong Kong CNN —Three top Chinese pharmaceutical companies, which are backed by top global banks, are using endangered animal parts in their medicines, according to an investigation by an environmental protection group. Among them are three publicly listed traditional Chinese medicine (TCM) giants: Beijing Tong Ren Tang, Tianjin Pharmaceutical and Jilin Aodong Medicine. The EIA said it had found at least nine “products stated to contain leopard and/ or pangolin” that were manufactured by the firms. CNN has reached out to Tong Ren Tang, Tianjin Pharmaceutical and Jilin Aodong for comment. Tong Ren Tang, founded in 1669, is one of China’s most storied brands.
Persons: Beijing Tong Ren Tang, Avinash, Tong Ren Tang, , “ It’s, ” Basker, pangolins, Sakchai Lalit Organizations: Hong Kong CNN —, Environmental Investigation Agency, Tianjin Pharmaceutical, Jilin Aodong Medicine, EIA, CNN, TCM, Fortune, BlackRock, Citigroup, HSBC, Citi, IUCN SSC Pangolin Locations: China, Hong Kong, Beijing, Tianjin, Jilin, Bangkok
BANGKOK (AP) — Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, state media reported Sunday. Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper. The Ministry of Natural Resources also inspected Foxconn offices in Henan and Hubei provinces, where the company has major factories. The report did not provide more details about the searches, including when they occurred or what was found. In recent years, China has banned pineapples, grouper fish and other agricultural products from Taiwan for import.
Persons: , Terry Gou, Gou Organizations: Fortune, Apple, Hai Precision Industry Co, Global Times, Natural Resources, Chinese Communist Party Locations: BANGKOK, Taiwanese, Guangdong, Jiangsu, Henan, Hubei, Foxconn, China, Taiwan
Does profitability and sustainability go hand-in-hand?
  + stars: | 2023-10-20 | 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 EmailDoes profitability and sustainability go hand-in-hand? CNBC's Christine Tan speaks with industry leaders from NTT APAC, Bangkok Dusit Medical Services, YCH Group, and MIH Consortium, to find out if sustainability goes hand-in-hand with sustainability.
Persons: Christine Tan Organizations: NTT, Bangkok Dusit Medical Services, YCH, MIH Consortium Locations: NTT APAC, Bangkok
But when excluding both fresh food and fuel prices, inflation was 4.2%, still close to the 40-year peak of 4.3% recorded earlier this year. As the reference point for much of the financial world, the 10-year yield helps set prices for all kinds of investments and loans. The yield on the 10-year Treasury touched 4.99%, up from 4.91% late Wednesday, before paring its gain to 4.98%. Early Friday, the 10-year Treasury yield was 4.94%. A higher 10-year yield makes mortgages more expensive, knocks down prices for investments and makes it costlier for companies to borrow and grow.
Persons: Biden, ” Fatih Birol, Hong, Australia’s, India’s Sensex, Tesla, Jerome Powell, That’s, It’s, Brent Organizations: Treasury, ., Department of Energy, Strategic Petroleum Reserve, , Associated Press, Nikkei, China, Dow Jones, Nasdaq, Big Tech, Netflix, New York Mercantile Exchange, U.S Locations: HONG KONG, Paris, Shanghai, Seoul
What role does agriculture have in the climate crisis?
  + stars: | 2023-10-19 | 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 EmailWhat role does agriculture have in the climate crisis? Bjoern Ole Sander from the International Rice Research Institute speaks to Teymoor Nabili from the CNBC Connect event held in Bangkok, Thailand, about the challenges of reducing methane emissions from growing rice.
Persons: Bjoern Ole Sander, Teymoor Nabili Organizations: International Rice Research, CNBC Locations: Bangkok, Thailand
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