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SummarySummary Companies ASEAN+3 finance leaders meet in Incheon, South Korea, TuesdayJapan hopes to propose strengthening currency swap linesExpansion will offer better safeguards vs pandemic, disastersINCHEON, May 2 (Reuters) - Asian finance leaders on Tuesday will debate ways to beef up regional safeguards to better address emergency funding needs during pandemics and natural disasters, as global recession fears and volatile financial markets cloud the economic outlook. Japan, which co-chairs this year's meeting of ASEAN+3 nations with Indonesia, hopes to discuss strengthening currency swap lines, Finance Minister Shunichi Suzuki told reporters on Friday. Japan is keen to propose a facility that enhances usage of existing currency swap lines, and allows members to tap funds in times of emergencies such as pandemics and natural disasters, said three sources with direct knowledge of the matter. But the swap lines have never been used, including during the COVID-19 pandemic, giving rise to calls from within the group to make the system more easily accessible in the event of shock events. The ASEAN+3 finance leaders, including Suzuki and Bank of Japan (BOJ) Governor Kazuo Ueda, are meeting on the sidelines of the ADB's annual meeting in Incheon in South Korea this week.
"It's not as if we're heading into a major crisis now," Suzuki said. Suzuki said he plans to attend the ASEAN+3 meeting on Tuesday, to be held on the sidelines of the Asian Development Bank's (ADB) annual meeting in Incheon in South Korea next week. The Bank of Japan also said its Governor Kazuo Ueda will travel to Incheon on May 1-4 to attend the meetings. The International Monetary Fund has urged Asian central banks to keep monetary policy "tighter for longer" to combat still substantial inflation risks. Reporting by Leika Kihara; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
In Southeast Asia, some countries posted their highest ever recorded temperatures this week, while searing heat in the Indian subcontinent has killed more than a dozen people. Neighboring Myanmar set an April temperature record on Monday as Kalewa, in central Sagaing region, reached 44°C (111°F), Herrera tweeted. April and May are typically the hottest months of the year for South and Southeast Asia as temperatures rise before monsoon rains begin and bring some relief. On Monday, more than 100 weather stations in 12 provinces broke their April temperature record, according to climatologist Jim Yang. Extremely hot temperatures across South and Southeast Asia are expected to continue.
Pollution choking Thailand's north hits tourism, worries public
  + stars: | 2023-04-10 | by ( ) www.reuters.com   time to read: +2 min
CHIANG MAI, Thailand, April 10 (Reuters) - High pollution levels in Thailand's northern city of Chiang Mai and surrounding provinces are keeping tourists away and alarming locals, with the government on Monday urging residents to avoid outdoor activities. For several weeks last month the city was at the top of air quality information platform IQAir's global chart on poor air quality, ahead of Lahore and New Delhi. That is far short of the 80% to 90% expected ahead of this week's Thai New Year holidays, known as Songkran. Addressing the deteriorating air quality in the north, Thailand's health ministry urged the public on Monday to avoid outdoor activities and wear masks that can filter particles. Chiang Mai resident Pathsharasakon Po, 36, said she was concerned about allergies, or even cancer.
Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. watch nowTokyo, which dropped from second- to third-most expensive city in Asia, also experienced a 5% rise in daily costs for business travelers in local currency terms. "With average daily costs of $424 per day [in Tokyo], business travel to the city is now almost 20% cheaper than first-placed Hong Kong." "Even a tourist hub like Bangkok, which typically receives many business travelers, only saw a moderate 4% increase in business travel costs," Quane added. World's most expensive placeFor yet another year, New York received the dubious honor of being the most expensive place in the world for business travelers.
[1/4] A view of hailstones falling during a powerful storm, in Chiang Mai, Thailand March 18, 2023 in this screen grab obtained from a social media video. ChaiChai Wongkam/via REUTERSBANGKOK, March 19 (Reuters) - Thai authorities on Sunday told the public to beware of falling debris or branches after hail storms hit the northern part of the country and hundreds of homes were damaged. Footage on social media showed the impact of severe wind and hail in the northern province of Chiang Mai. "Heavy rains and hail fell for nearly 20 minutes," said Chaichai Wongkam, whose home was damaged. Reporting by Napat Wesshasartar, writing by Chayut Setboonsarng; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.
Thailand prepares to dissolve parliament ahead of election
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +2 min
BANGKOK, March 17 (Reuters) - Thai Prime Minister Prayuth Chan-ocha said on Friday he had prepared a decree seeking to dissolve parliament ahead of an election, an expected step as his government heads into the last week of its four-year term. The decree would require approval of Thailand's monarch and would take effect once published in the Royal Gazette. We have to wait for the announcement in the Royal Gazette," Prayuth told reporters in the northern city of Chiang Mai. He will be up against Paetongtarn Shinawatra, the daughter of former premier Thaksin Shinawatra and Yingluck's niece. Paetongtarn, 36, has led Prayuth in opinion polls for months as the top choice for Thailand's next prime minister.
Hudson and Emily Crider have visited 112 countries, but their journey together began long before that. Hudson and Emily Crider in high school. Hudson and Emily Crider on a safari in Kenya, Africa. Hudson and Emily Crider camping during their self-drive safari in the Serengeti in Tanzania. Hudson and Emily Crider
Chinese travelers favored Southeast Asia for trips during the Lunar New Year holidays, which ended in early February, according to Trip.com Group's Chinese language booking website, Ctrip. Overseas hotel bookings by mainland Chinese travelers quadrupled from last year too, Ctrip said. He said of the 30 million tourists Thailand is expecting this year, 12 million to 15 million may come from China. South Korea announced last week it would resume issuing short-term visas to Chinese travelers, according to Reuters. Visas aside, Chinese travelers are also worried about getting sick, said Lee.
But retailers in popular Asian destinations are desperate to take advantage of the return of a first wave of Chinese tourists as the country reopens borders after three long years of COVID-19 curbs. And robust demand for destinations like Macau, Hong Kong, Taiwan and Thailand has boosted prospects for the battered travel industry, Ctrip booking data shows. Still, destinations elsewhere show that the return of Chinese tourists remains at a very early stage. Fresh COVID testing requirements for Chinese tourists in some locations may be acting as a barrier, while some countries also require visas that take time to process. Retailers in South Korea are also not seeing a huge influx in Chinese tourists yet, citing the suspension of short-term visas for travellers between both countries.
"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.
watch nowThe world economy may be facing conditions seen during the 1997 Asian Financial Crisis — aggressive U.S. interest rate hikes and a strengthening U.S. dollar. The Thai baht and other Asian currencies collapsed, triggering the Asian Financial Crisis and leading to slumps in stock markets. Reducing currency disparity with the U.S. dollar reduces the risks of capital flights and foreign exchange rate collapses. Nevertheless, he, too, does not anticipate another Asian Financial Crisis. watch now"They largely let exchange rates absorb the external pressure, rather than supporting the currency by selling FX reserves."
We believed that you needed to work and live like a local to really get to know a place. Our first destination was Chiang Mai, ThailandLocated in the mountainous north, it's the second-largest city in the country. Apart from this small mistake, our month and a half in Chiang Mai opened up a world of possibilities for us. We tried to keep our routine in line with usual working hours in Chiang Mai. As more months passed, though, we thought about our experience in Chiang Mai, and the more we wanted to get away again.
In the wild, they roam through the deep jungle and in the country’s protected national parks but often encounter humans on roads and in villages. In the wild, they roam through the deep jungle and in the country’s protected national parks but often encounter humans on roads and in villages. In the wild, they roam through the deep jungle and in the country’s protected national parks but often encounter humans on roads and in villages. In the wild, they roam through the deep jungle and in the country’s protected national parks but often encounter humans on roads and in villages. In the wild, they roam through the deep jungle and in the country’s protected national parks but often encounter humans on roads and in villages.
Nong Thanwa pictează scene despre care îngrijitorii cred că înfățișează prietenia dintre pe ea și un alt elefant din tabăra provinciei Chiang Mai. Puiul de nouă ani ține pensula și tamponează vopseaua pe o bucată de pânză pentru a desena siluetele. "Strângerea de fonduri a fost făcută pentru a le oferi elefanților o viață mai confortabilă în tabără. Thanophoom a adăugat: "Veterinarii de la Universitatea Chiang Mai ne-au ajutat întotdeauna să-l tratăm pe Dumbo ori de câte ori a fost bolnav. În Thailanda se estimează că trăiesc în jur de 2.000 de elefanți în sălbăticie și un număr similar în captivitate.
Persons: Nong, Chiang Mai, Dumbo, Pandemia, Thanophoom, Universitatea Chiang Organizations: Universitatea, Universitatea Chiang Mai Locations: Thailanda
Sursa foto: yve.roThailanda oferă vaci pentru a-i convinge pe oameni să se imunizeze anti-COVIDThailanda oferă vaci pentru a-i convinge pe oameni să se imunizeze anti-COVID. Tombola, care se va desfășura pe parcursul a 24 de săptămâni, a fost primită cu entuziasm de orășelul de 43.000 de locuitori. În urma loteriei, statul a avut o creștere de 28% a numărului de oameni imunizați, notează nbcnews.com. După Ohio, New York și Maryland sunt primele state care au anunțat că vor organiza loterii cu premii pentru persoanele care vin să se vaccineze împotriva Covid-19. Zilnic va fi tras la sorţi câştigătorul a 40.000 de dolari, iar premiul final va fi de 400.000 de dolari și va fi acordat de ziua naţională, pe 4 iulie.
Persons: Reuters, Chiang, Zilnic Locations: Thailanda, Mae Chaem, Statelor Unite, Ohio, New York, Maryland
O regiune din nordul Thailandei a descoperit un mod inventiv de a stimula campania de vaccinare anti-Covid – persoanele vaccinate sunt înscrise într-o tombolă în care pot câștiga în fiecare săptămână câte o vacă, relatează Reuters. „Numărul de vaccinați a crescut de la sute la mii în doar câteva zile. Vacile pot fi vândute pe bani”, spune șeful de district, Boonlue Thamtharanurak. În jur de 1,64 de milioane de thailandezi s-au vaccinat până acum cu cel puțin o doză, iar alte 7 milioane sunt înregistrați pentru a se imuniza. Țara are o populație de aproximativ 66 de milioane.
Persons: Reuters, Chiang Locations: Mae Chaem, Thailanda
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