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Read previewThere's a feud between Singapore and neighboring government officials — and it's all down to Taylor Swift. "Some $3 million in grants were allegedly given by the Singapore government to AEG to host the concert in Singapore. AdvertisementFans of US singer Taylor Swift arrive for the first of the pop star's six sold-out Eras Tour concerts at the National Stadium in Singapore on March 2, 2024. Taylor Swift performs at the National Stadium on March 2, 2024 in Singapore. He claimed he was told the Singapore government offered $2 million to $3 million per show in exchange for exclusivity.
Persons: , Taylor Swift, Joey Salceda, Swift, Salceda, Rosland Rahman, Ashok Kumar, Srettha Thavisin, Angel Zhong Organizations: Service, Business, Philippines, Department of Foreign Affairs, Singapore, AEG, The Straits Times, Getty, GMA Network, Association of South East Asian Nations, Sky News, BBC News, CNA, Finance, RMIT University, Forbes Locations: Singapore, Philippines, Southeast Asia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Vietnam, Bangkok, Thailand
“I’m both a night and morning person,” says the Swedish-born executive head chef of Nordic-Asian fusion restaurant Villa Frantzen, one of only two Nordic restaurants in Thailand’s capital. Courtesy Villa Frantzén Restaurant & Bar“The broad spectrum you gain from exploring cuisines from all over the world is what lends every chef a unique skill set and better fundament for creation. Courtesy Villa Frantzén Restaurant & BarA dish of grilled duck and endive. Courtesy Villa Frantzén Restaurant & Bar“And I can go a long time with few hours of sleep a night. Villa Frantzén – Restaurant & Bar, 7 Soi Yen Akat 3, Chong Nonsi, Bangkok; +66 (0)87 344 8222.
Persons: , , Corneliussen, ” Corneliussen, didn’t, Villa, Copenhagen –, Björn Frantzen, he’s, It’s, Chong Nonsi Organizations: Bangkok CNN, Villa, Nordic, Muay, CNN, Villa Frantzen, Michelin, Frantzen Locations: Bangkok, Swedish, Thailand’s, , Thailand, Thai, Muay Thai, Sweden, Europe, Bangkok's Sathorn, Stockholm, Copenhagen, Asia, Thai Kingdom, Bangkok’s Sathorn, Bangkok’s
Insulated food bags branded with the logo of Foodpanda, a meal-delivery service operated by Delivery Hero, sit at the company's operations center in Bangkok, Thailand, on Friday, March 16, 2018. German food delivery giant Delivery Hero announced it has ended negotiations with an undisclosed third party regarding the potential sale of its Foodpanda business in selected Southeast Asian markets, where it is attempting to downsize. In a press release on Wednesday, Delivery Hero said the relevant parties failed to agree on the terms. "The decision to terminate negotiations after months of discussions was taken after careful consideration," said Niklas Östberg, CEO and co-founder of Delivery Hero. Just last week, Östberg said he was happy to hold onto the Foodpanda brand, after the German company's share price plunged on reports that negotiations to sell the Southeast Asian units had collapsed.
Persons: Niklas Östberg, Östberg Locations: Bangkok, Thailand, Singapore, Malaysia, Philippines, Cambodia, Myanmar, Laos
That could double central bank's gold purchases, challenging jewelry consumption as the largest driver of gold demand, Doshi elaborated. China and Russian central banks are leading gold purchases, with India, Turkey, and Brazil, also increasing bullion buying. The world's central banks have sustained two successive years of more than 1,000 tons of net gold purchases, the World Gold Council reported in January. Another wildcard scenario highlighted in Citi's report was for oil prices to hit triple digits again. Stock Chart Icon Stock chart icon Oil prices in the past one year
Persons: Doshi, Stagflation Organizations: Citi, CNBC, Central, U.S ., Gold, U.S . Federal Reserves, Co, Bloomberg, Getty Locations: Citi's North America, China, Russian, India, Turkey, Brazil, U.S, Bangkok, Thailand, Israel, Yemen, Iraq, OPEC
BANGKOK (AP) — Shares were mostly higher in Asia after Chinese markets reopened Monday from a long Lunar New Year holiday. Markets will be closed Monday in the United States for President's Day. Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.1% higher to 7,665.10 and the Kospi in Seoul picked up 1.2%, to 2,680.26. It also discouraged bets that a Fed move to relax conditions on the economy and financial markets could come even in May. Higher rates and yields make borrowing more expensive, slowing the economy and hurting prices for investments.
Persons: Hang Seng, Australia's Organizations: President's, Ocean, China Vanke, Dow Jones, Nasdaq, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, United States, China, Shanghai, Seoul, India
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. The initiative is part of a sustainable air hub blueprint which was unveiled by the Civil Aviation Authority of Singapore (CAAS) on the eve of the Singapore Airshow. To achieve the ambitious 1% target by 2026, travelers flying out of Singapore will have to be prepared to pay higher air fares. In 2021, the International Air Transport Association and member airlines committed to reaching net-zero carbon emissions by 2050.
Persons: Chee Hong Tat, CAAS, Chee Organizations: Changi Airport, Seletar, SAF, Transport, Civil Aviation Authority of Singapore, International Air Transport Association Locations: Singapore Changi, Singapore, Bangkok, Tokyo, London
Brent Lewin | Bloomberg | Getty ImagesThe U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar , some Asian currencies stand to benefit. Higher interest rates boost a country's currency, attracting foreign investment and increasing demand for the country's currency. A weak U.S. dollar is generally positive for emerging markets, which is often the case when the Fed cuts interest rates outside of an economic crisis. Experts told CNBC currencies such as the Chinese yuan , the Korean won and the Indian rupee stand to benefit from the Fed loosening monetary policy. So those are also positive for the Indian currency," said Anindya Banerjee, vice president of currency and derivatives research at Kotak Securities.
Persons: Mahatma Gandhi, Brent Lewin, Yuan, Arun Bharath, Bharath, Simon Harvey ​, , Anindya Banerjee, Banerjee, South Korea's, Monex's Harvey Organizations: Bloomberg, Getty, . Federal, CNBC, Korean, Bel Air Investment Advisors, People's Bank of, FX, U.S, Kotak Securities, Bank of, Korea's, South Locations: Bangkok, Thailand, China, People's Bank of China, U.S, Bank of India, India, Europe, America
A man was charged on suspicion of grievous bodily harm after appearing to punch a flight attendant. The incident took place on a Thai Airways flight from Bangkok to London Heathrow. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA man was arrested after appearing to punch an attendant on board a Thai Airways flight from Bangkok to London Heathrow Airport on February 7. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Thai Airways, London Heathrow, London's Metropolitan Police, Service, London Heathrow Airport, Business, Metropolitan Police Locations: Bangkok, London, London's
BANGKOK (Reuters) - Thailand's newly paroled former Prime Minister Thaksin Shinawatra has met with a prosecutor over a royal insult complaint stemming from a 2015 interview, the attorney general's office said on Monday. The meeting relates to a lese majeste case brought against Thaksin in 2016, in which the attorney general's office is now considering new evidence. Violations of the law are punishable by up to 15 years in jail.
Persons: Thaksin Shinawatra, Thaksin Locations: BANGKOK
Factbox-Thailand's Polarising Ex-PM Thaksin Shinawatra
  + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +4 min
(Reuters) - Thailand's billionaire former Prime Minister Thaksin Shinawatra was released from detention on Sunday, enjoying freedom in his country for the first time since fleeing into exile nearly 16 years ago to avoid jail. - Thaksin ran several failed businesses with his wife before getting his break in the 1980s leasing computers to the police. In 2010, a court seized $1.4 billion worth of Shinawatra assets, concluding Thaksin had concealed his Shin Corp shareholdings and tailored policy to benefit his business. - Thaksin's sister, Yingluck Shinawatra, was also prime minister and suffered an almost identical fate as him. - Thaksin's youngest daughter, Paetongtarn Shinawatra, 37, is Pheu Thai party leader and eligible to become prime minister.
Persons: Thaksin Shinawatra, Chiang Mai, Thaksin, Yingluck Shinawatra, Paetongtarn Shinawatra, Srettha Thavisin, Martin Petty, Raju Gopalakrishnan Organizations: Reuters, Eastern Kentucky University, Kentucky Fried, Thailand's, Shin Corporation, Shin Corp, English Premier League football, Fulham, Manchester City, Forbes, Thai Rak, Thai Rak Thai, People Power Party, Srettha Locations: Thai, Chiang, Kentucky, Singapore, Thailand, Liverpool, Dubai, Britain, Montenegro, Thai Rak Thai, Thai Rak, Bangkok
Thaksin Shinawatra: Ousted Thai PM's Life in Politics
  + stars: | 2024-02-17 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +4 min
BANGKOK (Reuters) - Thailand's controversial billionaire former Prime Minister Thaksin Shinawatra was released on parole on Sunday after serving six months in detention. 1998Thaksin founds the Thai Rak Thai (Thais Love Thais) party. In September, the military launches a coup against Thaksin while he is overseas, citing the need to end the protests. 2011New elections are won in a landslide by another new pro-Thaksin party, Pheu Thai. Thaksin applies for a royal pardon and his eight-year jail term is commuted to a year by the king.
Persons: Thaksin Shinawatra, Thaksin, Love Thais, Thais, Yingluck Shinawatra, Thaksin's, Srettha Thavisin, Nick Macfie, Martin Petty Organizations: Thai Rak Thai, Thaksin, People's Alliance for Democracy, Shin Corporation, Temasek, English Premier League, Manchester City, Power Party, United Front for Democracy, Democrat Party Locations: BANGKOK, Thai, Singapore, Thai Rak Thai, Britain, Bangkok, Thailand
CNN —Thailand’s former Prime Minister Thaksin Shinawatra was released from detention on Sunday, having served six months in prison following his return to the kingdom after more than 15 years in self-imposed exile. His jail sentence was later reduced to one year after he submitted a request for a royal pardon. His release from prison reintroduces a towering and divisive figure to Thailand at a tense political time. Wearing a neck collar and arm sling, the former prime minister was seen leaving the Police General Hospital in Bangkok on Sunday in a black van alongside his daughters, Paetongtarn Shinawatra and Pintongta Shinawatra. He returned to his residence in Bangkok where a handwritten banner had been hung on the gate welcoming him home.
Persons: CNN —, Thaksin Shinawatra, Thaksin, Paetongtarn Shinawatra, Pintongta Shinawatra Organizations: CNN, Thai Corrections Department, Police, Hospital Locations: Thailand, Bangkok
By Napat Wesshasartar and Athit PerawongmethaBANGKOK (Reuters) - Thailand's jailed billionaire former Prime Minister Thaksin Shinawatra was seen early on Sunday in a vehicle leaving a hospital where he has been in detention for the past six months, according to Reuters witnesses. Thaksin, 74, had been scheduled to be released on parole on Sunday, according to Prime Minister Srettha Thavisin. Thailand's best-known and most polarising premier, Thaksin has loomed large over politics for two decades, despite 15 years in self-imposed exile to avoid a jail sentence for abuse of power and conflicts of interest. Thaksin made a dramatic return from exile in August to cheering crowds and was taken to prison to serve an eight-year sentence. (Reporting by Napat Wesshasartar Napat Wesshasartar Athit Perawongmetha and Panarat Thepgumpanat; Writing by Martin Petty; Editing by Nick Zieminski)
Persons: Napat Wesshasartar, Thaksin Shinawatra, Thaksin, Srettha Thavisin, Mercedes van, Paetongtarn Shinawatra, Martin Petty, Nick Zieminski Locations: Athit, BANGKOK
The train, which is operated by the luxury travel company Belmond, this week welcomed its first set of passengers since it stopped running as a result of the Covid-19 pandemic. The luxury train has been operating in Southeast Asia since 1993, when it first began shuttling travelers between Singapore and Bangkok. Now Thailand is out, replaced with two new journeys, which start and end in Singapore and explore different sides of Malaysia. The new routes are seasonal, with the "Essence of Malaysia" running from November to February, and "Wild Malaysia" from March to October. Prices start from £3,530 ($4,430) per person for a one-night trip in a historic cabin, according to its website.
Persons: Arnaud Champenois, Belmond's, Andre Chiang, Singapore's, Andre Organizations: Oriental Express, CNBC, Orient Locations: Southeast Asia, Singapore, Bangkok, Thailand, Malaysia, West Coast, Penang, Langkawi, Kuala Lumpur, Wild, Taman, Venice, Europe
BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 35 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set a fresh record following some mixed reports on the economy. It has been hovering just below the record high of 38,915.87 that it set on Dec. 29, 1989, right before a plunge in share and property prices ushered in an era of slower, faltering growth. Taiwan's Taiex edged 0.2% lower a day after breaching a record high of 18,644.57 as major market mover TSMC, the world's biggest computer chip maker, surged nearly 8%. On Thursday, the S&P 500 rose 0.6% to 5,029.73, squeaking past its all-time high set last week.
Persons: Australia's, Shack, Wells Organizations: , Nikkei, Nvidia, Dow Jones Industrial, Nasdaq, U.S, Treasury, Federal Reserve, Fed, CBRE, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong, Seoul, India, Wall
BANGKOK (Reuters) - Jailed former Thai Premier Thaksin Shinawatra will be released on Feb. 18, Prime Minister Srettha Thavisin said on Saturday. Thaksin has been in hospital detention since August, after making a dramatic homcoming from living abroad for 15 years in self-exile to avoid prison for a conflict of interest. He had his eight-year jail term commuted to a year by the King after his return and has served six months in hospital detention due to an undisclosed health condition. Feb. 18 is the first day of his parole eligibility. (Reporting by Panu Wongcha-um; Editing by Stephen Coates)
Persons: Premier Thaksin, Srettha Thavisin, Thaksin, King, Panu, Stephen Coates Organizations: Premier Locations: BANGKOK
BANGKOK (AP) — Shares rose in Asia on Thursday after Wall Street stocks recovered much of their sharp losses from a day before. On Wednesday, the S&P 500 climbed 1% to 5,000.62, clawing back more than two-thirds of its loss from Tuesday. It was the single strongest force lifting the S&P 500 index. Most companies in the S&P 500 have been topping analysts’ forecasts for the last three months of 2023. Hopes for stronger growth in 2024 from a solid economy have been another reason the S&P 500 has set 10 records already this year.
Persons: Australia's, Taiwan’s Taiex, India's Sensex, Russell, Lyft, Airbnb Organizations: Wall, Bank of Japan, Nikkei, Reserve, Dow Jones Industrial, Nasdaq, Treasury, Nvidia, Technologies, Akamai Technologies, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Seoul, Japan, Britain, China, Germany, Hong Kong, Bangkok, Italy, U.S
An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold was flat at $1,992.21 per ounce (Oz), as of 0429 GMT, after hitting its lowest since Dec. 13 on Tuesday. The next key support level for spot gold is $1,975/Oz as it coincided with the December Federal Open Market Committee meeting where they announced three-quarter point rate cuts in 2024, fuelling a gold rally, said Wong. Traders have lowered their bets from four quarter-point rate cuts for 2024, in line with the Fed's "dot plot" released in December.
Persons: Bullion, Gold, Kelvin Wong, Wong Organizations: Co, Federal Reserve, Asia Pacific, Traders, U.S, Investors Locations: Bangkok, Thailand, OANDA
TOKYO (AP) — Shares declined Wednesday in Asia after disappointingly high U.S. inflation data sent stocks sliding on Wall Street and raised prospects that interest rates will remain elevated for longer. Hong Kong’s Hang Seng index resumed trading after the Lunar New Year holiday, edging 0.7% higher to 15,861.77 after opening lower. High interest rates hurt all kinds of investments, and they tend to particularly hurt high-growth stocks like technology companies. Stocks of smaller companies fell even more because high rates could hurt them more than bigger rivals by making it more difficult to borrow cash. Yields jumped in the bond market as traders built up expectations for the Fed to keep rates high for longer.
Persons: Australia's, Korea's Kospi, Sensex, Tuesday’s, Russell, Alexandra Wilson, Elizondo, Carl Icahn Organizations: TOKYO, , Nikkei, Federal Reserve, Labor Department, Dow Jones, Nasdaq, Microsoft, Fed, Treasury, Goldman, Goldman Sachs Asset Management, Wall, JetBlue Airways, New York Mercantile Exchange, Brent, U.S Locations: Asia, Indonesia, Southeast, China, Bangkok, Goldman Sachs
BANGKOK (AP) — Two Chinese fishermen have drowned while being chased by Taiwan's Coast Guard off the coast of Taiwan's Kinmen archipelago, the coast guard said Wednesday. The deaths are unusual despite the level of Chinese activity in the waters near Kinmen, which is closer to China than it is to Taiwan’s main island. The unnamed Chinese vessel had been trespassing Wednesday afternoon by sailing about one nautical mile off the coast of an islet of Kinmen island, Taiwan’s Coast Guard Administration said in a statement. The Chinese vessel attempted to flee but capsized. The Coast Guard said the fishermen’s families were being contacted via official channels.
Persons: Chen Jien Organizations: Taiwan's Coast Guard, Coast Guard Administration, Coast Guard Locations: BANGKOK, Taiwan's, Kinmen, China, Taiwan, Xiamen
BANGKOK (AP) — Two years after Thailand made pot legal, the country appears set to crack down on its freewheeling drug market with a ban on “recreational” use. The Health Minister Chonlanan Srikaew said last week that he had recommended a draft bill to the Cabinet that would ban recreational cannabis use while allowing medical. The party’s stronghold is in the poor Northeast, where it promised farmers cannabis would be a new cash crop. Anutin had promised that cannabis would be allowed only for medical use, but in practice the market was nearly unregulated. But, she said, widespread recreational cannabis has created social problems such as youth drug abuse.
Persons: Chonlanan Srikaew, Anutin Charnvirakul, Anutin, Bhumjaithai —, Kalyapat, Kitty ” Chopaka, ” Rattapon Sanrak, Thailand’s, “ Sellers …, Organizations: Health, Bhumjaithai Party, Narcotics, Health Ministry, Party, ” Cannabis Locations: BANGKOK, Thailand, Asia, Bangkok
Bangkok, Thailand CNN —Thailand’s jailed former Prime Minister Thaksin Shinawatra will soon walk free from detention after his parole was approved, according to Thailand’s justice minister, just six months after his dramatic return to the kingdom. The announcement caps an extraordinary decades-long political saga that will see the return of one of Thailand’s most controversial political figures to everyday life. On Tuesday, Thailand’s Justice Minister Tawee Sodsong confirmed to CNN Thaksin is one of 930 inmates who have been granted parole this month. The party’s candidate Strettha Thavisin became Thailand’s 30th prime minister in August, just hours after Thaksin’s return to the country. Last week, Reuters reported that Thaksin faces possible lese majeste charges under Thailand’s royal insult law, but it’s unclear whether prosecutors will move forward with the complaint.
Persons: Thailand CNN — Thailand’s, Thaksin Shinawatra, Thaksin, Maha Vajiralongkorn, Tawee Sodsong, Thaksin —, Strettha Thavisin, Thaksin’s, Pita Limjaroenrat Organizations: Thailand CNN, Manchester City, Thailand’s, CNN Thaksin, The Corrections Department, Thai Corrections Department, Reuters Locations: Bangkok, Thailand, New York, Thai
BANGKOK (AP) — Asian shares were mixed on Monday, with most regional markets closed for holidays, while U.S. futures edged lower after the S&P 500 ended last week above 5,000. Thailand's SET was up 0.1% and in Jakarta, the benchmark gained 0.6% ahead of an election to be held on Wednesday. With mainland Chinese markets closed for the week for the Lunar New Year, there was a dearth of market moving news. Photos You Should See View All 21 ImagesOn Friday, the S&P 500 rose 0.6%, finishing above 5,000 for the first time, at 5,026.61. Nvidia, Microsoft and Amazon were the three strongest forces lifting the S&P 500 after each rose by at least 1.6%.
Persons: Australia's, SET, ” Stephen Innes, Wall, they’ve, Cloudflare, it’s, Brent Organizations: Federal Reserve, Management, Nasdaq, Dow Jones, Big Tech, Nvidia, Microsoft, Amazon, Bank of America, New York Mercantile Exchange, U.S Locations: BANGKOK, India, Jakarta, United States, Japan, U.S
BANGKOK (Reuters) - A Canadian tourist opened the door of a Thai Airways flight that was preparing to take off from Chiang Mai airport bound for the capital Bangkok, local broadcaster ThaiPBS and officials said this week. "The whole plane was in chaos," wrote Facebook user Ananya Tiangtae, who was on the flight, adding that officials escorted the passenger off the plane. A passenger opened the emergency door, causing the inflatable slide to activate and the aircraft was unable to take off, Chiang Mai Airport director Ronnakorn Chalermsaenyakorn said late on Thursday. After the inspection, the aircraft was cleared to depart with all passengers and crew safe, Thai Airways said. The passenger was later seen in custody at a local police station on local TV station ThaiPBS, which identified the male tourist as Canadian.
Persons: Tiangtae, Ananya, Ronnakorn Chalermsaenyakorn, Ronnakorn, it's, Jirawat Yarnkiatpakdee, ThaiPBS, Chayut Setboonsarng, Tom Hogue Organizations: Canadian, Thai Airways, Chiang Mai Airport Locations: BANGKOK, Chiang Mai, Bangkok
The law has been activated in the wake of the army’s biggest setbacks since the countrywide conflict erupted after the takeover. The rout inspired resistance forces in other parts of the country to launch their own attacks. The military government’s forces were stretched thin by the recent upsurge in resistance activity. The 2021 military takeover was met by widespread nonviolent protests and civil disobedience. But the confrontations escalated into violence after security forces used deadly force against the protesters, giving birth to organized armed resistance that has spiraled into civil war.
Persons: , extendable, Aung, Suu Kyi, Zaw Min Tun, , Min Tun Organizations: Service Law, State Administration Council, National Unity Government, Frontier Myanmar Locations: BANGKOK, State, Suu, Myanmar, Rakhine, Bangladesh, Maj, Zaw, Yangon
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