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☆ Asia stocks slump as bond selloff spooks markets
▼ + stars: | 2023-10-04 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The spike in Treasury yields lifted the dollar to new heights with only the yen showing some fight amid speculation the Japanese authorities might be intervening behind the scenes. The yen breached the 150-per-dollar level in the London afternoon on Tuesday before suddenly shooting to 147.3. There was no confirmation from Tokyo, where Japan's finance minister and top currency diplomat have made no direct comment on the move. In commodity markets, the stronger dollar has helped put the brakes on oil prices and higher yields have weighed on gold. Brent crude futures were last steady at $90.87 a barrel, having hit an 11-month high of $97.69 last week.

Persons: Issei Kato, it's, Mel Siew, Ryota Abe, Kit Juckes, Tom Westbrook, Jamie Freed, Kim Coghill Organizations: U.S ., REUTERS, Japan's Nikkei, Muzinich, Co, Sumitomo Mitsui Banking Corporation, New Zealand, Federal, Treasury, Brent, Thomson Locations: Tokyo, Japan, Asia, SINGAPORE, London, Pacific, Singapore, Taiwan, Malaysian

Bangkok, Thailand CNN —A teen suspected of shooting two people dead at an upscale shopping mall in Thailand has been charged with six counts including premeditated murder, police told CNN Wednesday. The 14-year-old boy was arrested on Tuesday shortly after the shooting rampage at the busy Siam Paragon mall in central Bangkok’s bustling commercial and tourist district. Thai Police General Torsak Sukvimol told reporters Tuesday the suspect “surrendered himself” after the shooting and still had ammunition when he was apprehended. Staff repair the glass doors of a furniture store where a 14-year-old suspect was apprehended after a shooting rampage in Bangkok. And the shooting of Chinese victims in downtown Bangkok may make some tourists think twice about traveling to Thailand.

Persons: Thailand CNN —, Kanchana Patarachoke, General Nakarin Sukhonthawit, ” Nakarin, Nakarin, Lauren DeCicca, ”, Torsak Sukvimol, “, Thanamorn Noonart, Thanamorn, ” Thanamorn, Bangkok’s Pathum, “ it’s, Jack Taylor, Torsak, Lillian Suwanrumpha, Thailand ”, Srettha Thavisin, ” Srettha, Srettha Organizations: Thailand CNN, CNN, Siam Paragon, Ministry of Foreign Affairs, Police, ” Police, Thai Police, Rajavithi Hospital, Video, Thai, Getty, Staff, Tourism Authority of, Survey, SAS, Institute for Health Metrics, University of Washington’s Locations: Bangkok, Thailand, Siam, Myanmar, Laos, Pathum Wan, Nakhon Ratchasima, Bangkok’s, Bangkok’s Pathum Wan, Thai, AFP, China, Southeast Asia, Tourism Authority of Thailand, Cambodia, Weibo, Switzerland, Philippines, Nong Bua Lamphu

☆ Bangkok shooting: Attack in Thailand shopping mall kills at least one person
▼ + stars: | 2023-10-03 | by ( Kocha Olarn | ) edition.cnn.com time to read: +3 min

Bangkok, Thailand CNN —Police in Thailand arrested a 14-year-old boy, after a shooting at a luxury shopping mall in the capital Bangkok on Tuesday left at least one person and five others injured, the Metropolitan Police Bureau said. ET) at the Siam Paragon Mall in Bangkok, Police Colonel Noppadol Thiammekha, Pathum Wan Police Chief told CNN on Tuesday. Bangkok Emergency Center revised an earlier death toll, which stated that three people were killed in the shooting. Siam Paragon shopping mall is seen empty, after people were evacuated from the scene of the shooting. “We saw all the people run, run, run, we didn’t understand what was happening,” Yahav said.

Persons: Noppadol Thiammekha, Pathum, Yutthana Setthanan, Yutthana, Lillian Suwanrumpha, Jack Taylor, Shir Yahav, “, ” Yahav, ” Susinee, Srettha Thavisin Organizations: Thailand CNN — Police, Metropolitan Police Bureau, Local, Thailand’s, Investigation Bureau, Siam Paragon, Pathum Wan Police, CNN, Bangkok Emergency, Bangkok Emergency Center, Getty, People, Reuters, Survey, SAS, Institute for Health Metrics, University of Washington’s, Twitter Locations: Bangkok, Thailand, Siam, Chinese, AFP, Thai, Switzerland, Philippines, Southeast Asia, Nong Bua Lamphu

☆ Mid-Autumn Festival holidays: Millions of Chinese tourists are going on holiday again -- many headed for Thailand
▼ + stars: | 2023-09-29 | by ( Kathleen Magramo Kocha Olarn Berry Wang Carina Cheng | Kathleen Magramo | Kocha Olarn | ) edition.cnn.com time to read: +9 min

Only 2.2 million Chinese travelers arrived between January and September 10 this year, according to data from the Tourism Authority of Thailand. Thai Prime Minister Srettha Thavisin greeted travelers on the first day of the government's visa-free scheme for Chinese tourists. “Competition is really intensifying in the region to attract Chinese tourists amongst all countries, and you have to make it as easy as possible,” said Bowerman. Chinese tourists pray in front of Thai dancers at the Erawan Shrine in Bangkok, Thailand on September 22, 2023. Rumors, film complicate efforts to lure back touristsPrior to the announcement of the visa-free policy this month, Chinese tourists had been slow to return to Thailand.

Persons: Srettha Thavisin, It’s, ” Sretta, “, Chiang, Wang Wenbin, Peerapon Boonyakiat, pare, Gary Bowerman, ”, Bowerman, Huang, “ I’ve, coronavirus, Trip.com, Jin Junhao, Joanna Lu, Anusak, Wolfgang Georg Arlt, “ There’s, Thailand ”, Sisdivachr Cheewarattanaporn Organizations: CNN, China’s, Tourism Authority of, Thai, Civil Aviation Administration, China Railway, Asia, Tourism Research Institute, Thailand’s Ministry of Tourism, Sports, Thai Travel Agents Association Locations: China, Shanghai, Bangkok’s, Chiang Mai, Bangkok, Pattaya, Phuket, ”, Beijing, Thailand, Southeast Asia, Tourism Authority of Thailand, Asia, Sichuan, South Korea, Malaysia, Singapore, Australia, United Kingdom, Erawan, Myanmar, Cambodia, Weibo

☆ Why Thailand's having second thoughts about decriminalizing cannabis
▼ + stars: | 2023-09-29 | by ( Heather Chen | ) edition.cnn.com time to read: +11 min

Little more than a year after cannabis decriminalization, following an election that saw a more conservative coalition government come into power, there are signs Thailand’s laws on cannabis could be rewritten once again. Most cannabis dispensaries like his he says, have been responsible and diligent from the start in checking buyers’ IDs and educating customers about cannabis rules. “Thousands of cafes, stores, and other cannabis businesses have sprouted and hundreds of millions of dollars are being spent by tourists in a short amount of time,” Zaytsev said. The debate comes just as the quality of domestically produced cannabis in the country was improving, she added. “The quality of Thai cannabis has gotten better and better.

Persons: “, ” Iemvijan, –, Nitikrist Attakrist, ” Attakrist, Chiang Mai, Srettha Thavisin, ” Thavisin, Iemvijan, Cannabis, ”, Wisawa Mcintyre, Anutin Charnvirakul, Athit Perawongmetha, hasn’t, Ley Singdam, Ley, ” Ley, Kitty Chopaka, Chopaka, Michael Zaytsev, LIM, ” Zaytsev, Gloria Lai, ” Lai, ” “, Thavisin, Manan Vatsyayana Organizations: CNN, Thai, Bloomberg, Thailand’s Public, Thai Health, Staff, Reuters Observers, ” Farmers, Thais, International Drug Policy Consortium, Bhumjaithai Party, Getty Locations: Thai, Bangkok, Thailand, Southeast Asia, San, Thonglor, Phuket, ‘, ”, Athit, New York, Asia, Singapore, Indonesia, AFP

[1/2] Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo Acquire Licensing RightsSept 27 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. But another day of curve steepening, and 10-year nominal and real yields rising to new multi-year highs crushed stocks. U.S. bond market volatility - a key driver of global market stability and liquidity - had its biggest rise since early July. Investors in Asia will also note the significance of U.S. crude oil's rise on Tuesday after a few days of consolidation, not for the 1% rise in itself, but because it lifts the year-on-year price rise to almost 20%.

Persons: Jorge Silva, Jamie McGeever, Dow Jones, Josie Kao Organizations: Bank of, REUTERS, Bank, Dow, Nasdaq, Investors, Reuters, Thomson Locations: Bank of Thailand, Bangkok, Thailand, Treasuries, Asia, Thailand's, Australia, China

☆ Thailand win first esports medal as princess rides in
▼ + stars: | 2023-09-26 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

Asian Games - Hangzhou 2022 - E-Sports - China Hangzhou Esports Centre, Hangzhou, China - September 26, 2023 Players from Team Thailand prepare before the Arena of Valor Asian Games Version Bronze Medal Match REUTERS/Ann Wang Acquire Licensing RightsHANGZHOU, China, Sept 26 (Reuters) - Thailand claimed the first esports medal awarded at the Asian Games on Tuesday in an event closely watched by Olympic officials as a princess of the kingdom made a royal entrance to the equestrian event. But an enthusiastic crowd of locals cheered on the Thais at the Hangzhou Esports Centre as they prevailed 2-0 in a best-of-three match for the popular mobile phone game developed by a Chinese tech firm. The players tapped their small screens furiously and communicated with team mates via headsets throughout a contest that stretched to nearly 40 minutes. If esports is the future of the Games, Thai Princess Sirivannavari Mahidol represented its past as she made a regal entrance on a horse named 'Es Fangar's Samba King' in the dressage team event. "Luckily our father is supporting us," said the princess, who represented Thailand in badminton at the 2006 Asian Games in Qatar and equestrian at Incheon in 2014.

Persons: Ann Wang, Sirivannavari Mahidol, King Vajiralongkorn, Zhang Boheng, Zhang, Takeru Kitazono, nation's, Lee Hye, kyeong, Kwon, Martin Quin Pollard, Peter Rutherford Organizations: China Hangzhou Esports, Team Thailand, of Valor, REUTERS, Rights, Asian Games, Olympic, Vietnam, esports, Jakarta Asian, Thais, Hangzhou Esports, Thailand, Games, South, Doping Agency, Olympic Council of Asia, OCA, Thomson Locations: Hangzhou, China Hangzhou, China Hangzhou Esports Centre, China, Rights HANGZHOU, Thailand, Bangkok, Sorawat, India, Qatar, Incheon, North, Jakarta, Communist, Korean

☆ Thailand's new prime minister boosts optimism, but his populist policies pose fiscal risks
▼ + stars: | 2023-09-25 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

Srettha Thavisin, Thailand's prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Srettha, Pheu Thai's choice for leader, was appointed prime minister on Aug. 22 — the same day that former prime minister and Pheu Thai founder Thaksin Shinawatra returned to Thailand after 15 years of self-exile. watch nowThe prime minister also pledged to relieve the country's debt problems. "PM Srettha will slowly implement Pheu Thai's populist economic policies as he has to meet public expectations," said Dusadeeisariyakul. Other experts warned against overthinking the fiscal damage since many of Pheu Thai's populist pledges may not materialize.

Persons: Srettha, Valeria Mongelli, Srettha Thavisin, Pheu, Thaksin Shinawatra, Thaksin's, Pimrapaat Dusadeeisariyakul, Friedrich Naumann, Thaksin, Stratfor, Fitch, Teerasak Siripant Organizations: Thai, Bloomberg, Getty, Pracharat Party, United Thai Nation Party, Bhumjathai Party, Friedrich, Friedrich Naumann Foundation, Fitch, Bower Group Locations: Bangkok, Thailand, Thai

☆ Vacharaesorn Vivacharawongse: Thai King's son signals willingness to talk about lese majeste as he attends exhibition
▼ + stars: | 2023-09-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Vacharaesorn Vivacharawongse, 42, the King’s second-oldest son, who lives in New York, confirmed that he went to see the exhibition on his official Facebook page Monday. “The King can do wrong.”Nonetheless lese majeste prosecutions continued in the last decade of his reign, and increased dramatically when the military seized power in a 2014 coup. An unprecedented demand was royal reform to ensure the King is answerable to the constitution and amendments to the royal insult law. A political toolFor years, human rights organizations and free speech campaigners have said lese majeste has been used as a political tool to silence critics of the Thai government. At least 253 people have been charged with lese majeste during that time, the group said.

Persons: Thailand’s, Maha Vajiralongkorn, King, LeRoy Neiman, Pavin Chachavalpongpun, lese, Vacharaesorn Vivacharawongse, “, ’, ” Vacharaesorn, Vacharaesorn, Thais –, Thais, ”, Pavin, ” Pavin, King Vajiralongkorn, Bhumibol Adulyadej, Bhumibol, Srettha Thavisin, lese majeste, majeste, King Bhumibol, Prayut Chan Organizations: CNN, LeRoy, New York’s Columbia University, Kyoto University’s Center, Southeast Asian Studies, Elections, Thai, YouTube, Facebook, Thai Lawyers for Human Rights, Thai Prime Locations: New York, Thailand, Thai, Local

Farmers across the agrarian heartland that makes Thailand the world's second-largest rice exporter should be poised to benefit. These pressures on the sector, reported in detail for the first time by Reuters, are squeezing debt-laden Thai farmers despite tens of billions of dollars in subsidies over the past decade. Successive governments have spent 1.2 trillion Thai baht ($33.85 billion) on price and income interventions for rice farmers in the last decade, estimates Somporn. The average Thai farmer's income has dwindled. Unstable income for Thai rice farmersIn the years since Sripai followed her family into the paddy fields, the challenges have multiplied, but current prices offer a rare opportunity.

Persons: Somporn, Sripai, Danai Saengthabthim, Srettha Thavisin, King Chulalongkorn, Nipon Poapongsakorn, Thailand's, KNIT's, Yingluck Shinawatra, Yingluck, Devjyot Ghoshal, Pasit, Katerina Ang, Kay Johnson Organizations: Farmers, Reuters, Research, Knowledge Network Institute of Thailand, Bank for Agriculture, Agricultural Cooperatives, Agriculture, El, National Water Resources, Thailand Development Research, Nipon, Thomson Locations: Thailand, Kaeo, Chai, India, East, Asia, Africa, Rice, Chai Nat, Bangkok, Bangladesh, Nepal, Vietnam

☆ Shares of K-pop agency plunge 9% after Blackpink member reportedly rejects contract renewal offer
▼ + stars: | 2023-09-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(L-R) Rosé, Jisoo, Lisa, and Jennie of BLACKPINK perform at the Coachella Stage during the 2023 Coachella Valley Music and Arts Festival on April 22, 2023 in Indio, California. Shares of K-pop agency YG Entertainment tumbled almost 9% on Friday after South Korean media reported that Blackpink member Lisa has rejected a contract renewal offer from the agency. According to South Korean news outlet Star News, the Thailand-born member has rejected two offers from YG, with the size of the contract reportedly worth 50 billion South Korean won ($37.6 million). This follows reports earlier in July that Lisa has "not been able to find an agreement" regarding a contract extension with the agency. At the time, South Korean media outlet Newsen reported that YG responded to queries by saying that contract renewal discussions were underway, but outlet Munhwa Ilbo reported that "it is known that the difference between the two sides is quite large."

Persons: Lisa, Jennie, BLACKPINK, YG Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, South, Star, YG, South Korean, Munhwa Ilbo Locations: Indio , California, South Korean, Thailand, Korean

☆ The discussion around renewable energy shouldn't be centered around cost, says B.Grimm Chairman
▼ + stars: | 2023-09-12 | 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 discussion around renewable energy shouldn't be centered around cost, says B.Grimm ChairmanHarald Link, chairman of the Thai conglomerate discusses the energy transition and why he thinks it is more important to focus on the "total system" rather than the upfront costs associated with renewable energy sources.

Persons: Harald Link

☆ Growth effects of Thailand's 'one-time stimulus' will probably slow after next year, economist says
▼ + stars: | 2023-09-12 | 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 EmailGrowth effects of Thailand's 'one-time stimulus' will probably slow after next year, economist saysKirida Bhaopichitr, director of the Thailand Development Research Institute's Economic Intelligence Service, discusses new Prime Minister Srettha Thavisin's policy statement.

Persons: Kirida Bhaopichitr, Srettha Organizations: Research, Economic Intelligence Service Locations: Thailand

LGBTQ+ people from China, frequently scorned and ostracized at home, are coming to Thailand in droves, drawn by the freedom to be themselves. Thailand doesn't keep figures on LGBTQ+ tourists. But through mid-August, it has counted 2.2 million Chinese tourists out of an overall 16 million. But LGBTQ+ people in China face other pressures to conform that can make the free expression of their identities difficult. Another draw for tourists, inside and outside the LGBTQ+ community, is Thailand’s loose enforcement of prostitution laws and renowned nightclub shows.

Persons: Xinyu Wen, Wen, “, ”, ” “, hasn't, Apichai Chatchalermkit, Owen Zhu, Jade Yang, Yang, Adisak Wongwaikankha, Eros Li, Li Organizations: Thailand Tourism Authority, The Nation Locations: BANGKOK, Thailand, Bangkok's, Thai, China, Bangkok, “, Beijing, Malaysia, Asia, asia

BANGKOK (AP) — One of Myanmar’s biggest and most powerful ethnic minority militias has arrested and repatriated more than 1,200 Chinese nationals allegedly involved in criminal online scam operations, an official of the group said Saturday. The arrests were carried out in territory controlled by the United Wa State Army, or UWSA, in eastern Shan state in raids on Tuesday and Wednesday, Nyi Rang, a liaison officer from the militia, told The Associated Press. The United Wa State Army is the biggest and strongest ethnic armed organization among the major ethnic minority groups in Myanmar, with an army of approximately 30,000 well-equipped soldiers and sophisticated weaponry including heavy artillery and helicopters, from China, with which it maintains close relations. The U.N. report about Southeast Asian cybercrime said the online fraud gangs were also active in southeastern Kayin state on the Thai border. The complexes were developed by Chinese investors in cooperation with the local Border Guard Forces, which are militias affiliated with Myanmar’s army.

Persons: Nyi Rang, —, Wa, Aung, Suu Kyi, Chen Hai, cybercrime, Shwe Kokko Organizations: Myanmar’s, United Wa State Army, Associated Press, Human Rights, United Wa State Party, Beijing’s Ministry of Public Security, Foreign, Border Guard Forces Locations: BANGKOK, Shan, Wa, Yunnan province, Asia, Southeast Asia, Myanmar, Cambodia, Kayin, Mong, China, Thailand, Suu, Thai, Shwe, Myawaddy

☆ Feliz Solomon — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-08 | by ( Feliz Solomon | ) www.wsj.com time to read: +1 min

Feliz SolomonFeliz Solomon covers Southeast Asia for The Wall Street Journal. Based in Singapore, she reports on political, economic and social developments throughout the region. Feliz has worked in Asia for more than a decade and joined the Journal in 2019. She previously lived in Hong Kong, Myanmar and Thailand, where she began her career as an editor for Burmese journalists who operated in exile to evade censorship in their home country. Prior to joining the Journal, she worked for Time Magazine covering current events including Hong Kong’s anti-extradition protests, the Rohingya crisis in Myanmar and the Thai cave rescue.

Persons: Feliz, Hong Kong’s Organizations: The Wall Street, U.S, Time Magazine Locations: Feliz Solomon, Southeast Asia, Singapore, Myanmar, Asia, China, Hong Kong, Thailand

☆ From Rock Star to Bodyguard to Resisting Myanmar’s Coup in Film
▼ + stars: | 2023-09-08 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: 1 min

Long before he became an award-winning filmmaker, Lynn Lynn was already a star. His voice was ubiquitous on the radio, belting out rock songs, and he played sold-out shows in stadiums across the country. But all that fame was confined to Myanmar, a country he had to flee after a February 2021 military coup. He was also close to the country’s now-imprisoned civilian leader, Daw Aung San Suu Kyi, having once served as her bodyguard. Now living in the Thai city of Mae Sot, bordering Myanmar, the 39-year-old rocker has taken on a new identity: refugee.

Persons: Long, Lynn Lynn, selfies, Daw Aung, Suu Kyi Locations: Myanmar, Suu, Thai, Mae Sot

☆ Exclusive: Line Man Wongnai targets listing as early as 2025 -exec
▼ + stars: | 2023-09-01 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The logo of Thailand Stock exchange is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsTOKYO, Sept 1 (Reuters) - Thai food delivery startup Line Man Wongnai has begun appointing advisors to prepare for an initial public offering and is targeting a listing as soon as 2025, according to a senior executive at the Southeast Asian unicorn. Line Man Wongnai competes with Singapore-based Grab (GRAB.O), Foodpanda, and the food delivery business of Siam Commercial Bank. It was formed in 2020 from a merger of Line Man, the Thai food delivery business of Line, and restaurant aggregator Wongnai. "We are in a position to really help digitalise Thailand," said Chung, a former Goldman Sachs banker from South Korea who previously worked for Line, adding that the food delivery business is gaining market share.

Persons: Athit, Wongnai, Young Chung, Chung, Goldman Sachs, Sam Nussey, Yantoultra Ngui, Stephen Coates Organizations: Thailand Stock, REUTERS, Rights, Reuters, Siam Commercial Bank, Siam Cement, FoodStory, Thomson Locations: Bangkok, Thailand, United States, Asia, Singapore, Siam, South Korea

CNN —Former Thai prime minister Thaksin Shinawatra has submitted a request for a royal pardon, the outgoing justice minister said, just over a week after his dramatic return to the country from more than 15 years in self-exile. Thaksin, the head of a famed political dynasty, was prime minister from 2001 until he was ousted in a military coup in 2006. Outgoing Justice Minister Wissanu Krea-ngam confirmed to reporters Thursday that he had received Thaksin’s letter requesting a royal pardon from King Maha Vajiralongkorn. It is unclear how long the application process for a royal pardon will take. In Thailand, prisoners can request a royal pardon through the justice minister, who passes the application to the prime minister and then on the the King for final approval.

Persons: Thaksin Shinawatra, Thaksin, Wissanu Krea, ngam, King Maha Vajiralongkorn, Thailand’s, ”, Srettha, Pheu, Pheu Thai’s, Thaksin’s, Yingluck Shinawatra, King, Prayut Chan Organizations: CNN, Former, Thai Corrections Department Locations: Former Thai, Thailand, Bangkok

Ruined rice crops in India's Haryana state. More than three billion people worldwide rely on rice as a staple food and India contributed to about 40% of global rice exports. India's rice stock is piling up as a result of the ban. Vijay Bedi/CNNAt one of New Delhi’s largest rice trading hubs, there are fears among traders that the export ban will cause catastrophic consequences. “The export ban has left traders with huge amounts of stock,” said rice trader Roopkaran Singh.

Persons: India CNN — Satish Kumar, “ I’ve, ”, Kumar, Vijay Bedi, Niño, ” Kumar, ” Satish Kumar, Ukraine —, ” Arif Husain, Pierre, Olivier Gourinchas, ” Husain, “, CNN Surjit Singh, Harayana, …, El Niño, Roopkaran Singh, Husain Organizations: India CNN, CNN, United Nations Food, Agriculture Organization, India wasn’t, United Nations, Food Programme, ” Workers, Thai Rice, Association, India’s Ministry of Agriculture, Monetary Fund, Farmers, Reuters, Meteorological Organization Locations: Harayana, India, India’s Haryana, “, India's Haryana, Ukraine, Global South, United States, Russia, Rice, New Delhi, CNN Nepal, Vietnam, Thailand, Thai, Singapore, Indonesia, Philippines, El, India’s, West Africa

Pheu Thai's Srettha Thavisin attends a press conference, after Thailand's parliament voted in favour of his prime ministerial candidacy, in Bangkok, Thailand August 22, 2023. "The picture is not all wine and roses," Thailand's central bank chief Sethaput Suthiwartnarueput said in recorded remarks played on Wednesday. Tourism, a major driver of the Thai economy, has managed a robust recovery, although arrivals and tourist spending are still below pre-pandemic levels, data shows. $96 BLN BUDGETIn this first address since winning office, Srettha on Wednesday vowed to provide solutions to fix Thailand's economy, among other measures, and manage the budget transparently. But its ability to execute will depend on the military backers that Pheu Thai has allied with to be able to form a government.

Persons: Pheu, Srettha Thavisin, Chalinee, Sethaput Suthiwartnarueput, Kobsidthi Silpachai, Srettha, Goldman Sachs, Poon Panichpibool, Sanan Angubolkul, Orathai Sriring, Christina Fincher Organizations: REUTERS, Rights, Tourism, Krung Thai Bank, Thai Chamber of Commerce, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Asia's, China, Thai

☆ Thailand has a new leader but it's not the one people voted for. Here's why
▼ + stars: | 2023-08-23 | by ( Helen Regan | ) edition.cnn.com time to read: +10 min

Protesters walk through smoke after setting fire to mock corpses during a protest at Pheu Thai Party headquarters in Bangkok on August 2, 2023. It formed a coalition with other like-minded parties, including runners up Pheu Thai. Former Thai Prime Minister Thaksin Shinawatra flanked by his son Panthongtae Shinawatra and daughter Paetongtarn Shinawatra at Don Mueang airport in Bangkok, Thailand August 22, 2023. “I want to be a prime minister who can make the difference,” Srettha previously told CNN. But with an 11-member coalition that includes bitter rivals, it’s unclear whether Srettha and Pheu Thai will be able to govern effectively.

Persons: staved, Srettha Thavisin, Thaksin Shinawatra, Thaksin, Thais, Valeria Mongelli, Hans Lucas, lese, Pita Limjaroenrat, Pita, Pheu, Pheu Thai, Thaksin’s, Shinatwatra, ”, Thitinan Pongsudhirak, Panthongtae Shinawatra, Paetongtarn Shinawatra, Athit, ” Thitinan, Yingluck Shinawatra, “, Strettha, Thailand’s King Vajiralongkorn, Srettha, Prayut Chan Organizations: CNN, Party, Pheu Thai Party, Reuters, Pheu, Senate, Chulalongkorn University . Former Thai, Thaksin, Manchester City Football Club, Thai, Facebook, Thai Corrections Department, Procter & Gamble, Bangkok Post Locations: Thailand, Bangkok, Senate, Thai, Pheu Thai, Don Mueang

BANGKOK, Aug 22 (Reuters) - When Thailand's deposed prime minister Thaksin Shinawatra went into self-imposed exile in 2008 facing a raft of corruption charges following his ouster in a military coup, he issued a hand-written note. Thaksin has been Thailand's most prominent politician for decades, retaining outsized influence despite the years away. "It closes a crucial chapter in Thailand's politics," Thitinan Pongsudhirak, a political scientist at Chulalongkorn University, said of Thaksin's return. A shrewd operator who rarely minces his words, an increasingly wealthy Thaksin entered politics in the mid-1990s, initially serving as foreign minister and then deputy prime minister. But the brash Thaksin, who called himself Thailand's first "CEO prime minister", faced royalist accusations that he was undermining the revered monarchy, which he denied.

Persons: Thailand's, Thaksin Shinawatra, Thaksin, Thaksin's, Yingluck Shinawatra, Critics, watchdogs, Chalinee, Chiang Mai, Love Thais, Devjyot Ghoshal, Chayut Setboonsarng, Panu, Robert Birsel Organizations: Thaksin, Chulalongkorn University, Thai, REUTERS, Rights, Shin Corporation, Thai Rak Thai, Singapore's Temasek, Premier League, Manchester City, Thomson Locations: BANGKOK, Bangkok, Thailand, Chiang, United States, Thai, Britain

☆ Srettha Thavisin elected Thailand's new prime minister after months of political deadlock
▼ + stars: | 2023-08-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

The Pheu Thai Party's Srettha Thavisin will become Thailand's prime minister after clinching parliamentary support in a Tuesday vote. Srettha, a real estate mogul who entered the Thai political landscape mere months ago under the Pheu Thai's mantle, required 375 votes to become premier and set up Bangkok's next government. He won 482, his party said in a Google-translated Facebook post on Tuesday. Thailand has been administered by a caretaker government since March, with its parliament in deadlock. Pheu Thai initially supported the party, but progressed with its own bid for power after Move Forward's failure to gain support.

Persons: Pita Limjaroenrat, Prayuth Chan, Pheu Organizations: National Economic, Social Development, Assembly Locations: Thailand

REUTERS/Athit Perawongmetha/File Photo Acquire Licensing RightsHANOI/SINGAPORE, Aug 22 (Reuters) - Thailand's second-biggest lender Kasikornbank (KBANK.BK) is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam's top 20 banks in terms of assets by 2027. It has total assets worth $119.7 billion, second only to Bangkok Bank (BBL.BK) in Thailand, Refinitiv data showed. KBank and Home Credit Group did not respond to Reuters' requests for comments. Home Credit Group is controlled by the Czech Republic's biggest investment group, PPF, which was founded by late billionaire Petr Kellner.

Persons: Athit, KBank, Petr Kellner, Phuong Nguyen, Kane Wu Organizations: Kasikorn, REUTERS, Rights, Home Credit Vietnam, Bangkok Bank, Stock Commercial Bank, Sumitomo Mitsui, Home, Home Credit, Home Credit Group, Thomson Locations: Bangkok, Thailand, Rights HANOI, SINGAPORE, Vietnam, Vietnam Prosperity, Asia, Netherlands, Czech, Hanoi, Singapore

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