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Upturn in Electronics and Gold Push July’s Exports to Highest in Over Two Years

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Thailand Business News

In July 2024, Thai exports rose 15.2% YoY to USD 25.7 billion, fueled by strong electronics and gold demand, despite returning to a trade deficit after two months of surplus.

July 2024 Export Surge

In July 2024, Thailand’s exports experienced a remarkable 15.2% year-on-year growth, reaching USD 25.7 billion. This increase, the highest in over two years, was driven by strong global demand, especially in the electronics sector, reversing the previous month’s downturn. Significant contributions came from computer and parts, which rose by 82.6%, and gold exports, which skyrocketed by 434.4%.

Product Category Insights

By product category, mining and fuel exports grew by 39.5%, while manufacturing products rose by 15.6%. Agro-industrial exports also rebounded with a 14.6% increase, particularly in animal fats and processed seafood. However, some sectors, like motor vehicles, faced declines, and agricultural products saw modest growth mainly in rubber and rice, despite a decline in fruit exports to China.

Trade Balance and Future Outlook

Despite the positive export growth, July’s trade balance returned to a deficit after two months of surplus as imports increased by 13.1% to USD 27.1 billion. The SCB EIC forecasts a 2.6% growth for Thai exports in 2024 due to a stable global economic perspective. Nonetheless, geopolitical tensions and climate change could pose risks to ongoing export growth in the future.

Source : Upturn in Electronics and Gold Push July’s Exports to Highest in Over Two Years

Momcozy's Innovative Nursing Bra and Baby Carrier Earn Top Honors in 2024 Good Housekeeping Parenting Awards

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NEW YORK, Sept. 7, 2024 /PRNewswire/ — Momcozy, the global one-stop mother and baby brand, today announced that its YN21 nursing bra and baby carrier were named as winners in Good Housekeeping’s 2024 Parenting Awards. The full list of award winners can be found on goodhousekeeping.com/parenting2024.


Momcozy’s Innovative Nursing Bra and Baby Carrier Earn Top Honors in 2024 Good Housekeeping Parenting Awards

In search of the best gear and services for babies, kids and caregivers, the experts in the Good Housekeeping Institute put hundreds of items through the wringer in their Labs and with the help of over 200 parent testers. Analysts evaluated the products’ performance and durability in the GH Institute Labs, while parents weighed in on aspects such as ease of use, appearance, comfort and more. Winners were selected based on attributes like quality, innovation, convenience, safety and value.

Good Housekeeping named the YN21 Ultra Soft & Omni Maternity Nursing Bra the winner in the Postpartum & Nursing category, which is designed with ultimate comfort in mind for new mothers. Featuring a seamless design that stays smooth under clothing and built-in padding without an underwire; this bra combines functionality with discreet elegance available in sizes S through 3XL across various neutral colors. Testers praised its smooth, comfortable fabric, seamless appearance under clothing (even white T-shirts), and adjustable padding. One tester noted, "It was really soft! Despite lacking an underwire, it provided great support."

Momcozy’s baby carrier was selected as a winner in the Wearable category for setting a new standard for affordability without compromising on support or usability. Suitable from newborn to toddler stages and crafted from 100% cotton with an ergonomic design; it is both cozy and lightweight. Its unique X-shaped back design helps distribute weight evenly making it comfortable for long durations. Testers appreciated the ease of putting it on and found it both lightweight and compact, making it ideal for outings. Everyone agreed it was comfortable to wear, with several highlighting the crisscross straps in the back as a favorite feature. One tester mentioned that the straps "made the baby feel lighter."

About Momcozy

Since 2018, Momcozy has been bringing the best in comfort to mothers with wearable breast pumps, nursing bras, and other mom care products, consistently holding the top position in relevant Amazon categories. Endorsed by over 4 million mothers in over 60 countries, Momcozy offers a range of comprehensive products on multiple platforms, such as Amazon, Babylist and Boots.

Media Contact: 

Fiona Fan
[email protected] 

Source : Momcozy's Innovative Nursing Bra and Baby Carrier Earn Top Honors in 2024 Good Housekeeping Parenting Awards

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

The Economic Implications of China’s Aging Population

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China’s aging population is predicted to reduce GDP growth by 1.1-1.4 percentage points over five decades. Raising retirement ages could help, but the effect will be limited. Economic and social challenges persist.

Key Takeaways

Analyzing China’s aging population through a global model forecasts reduced growth and per capita income. Though raising retirement ages might help, the effect would be marginal. The aging population is set to decrease China’s annual GDP growth rate by 1.1-1.4 percentage points over the next five decades. While raising the retirement age could slightly alleviate the economic impact by increasing labor supply and short-term GDP growth, it will not significantly counter the long-term slowdown. Moreover, pension expenditure as a percentage of GDP will rise, affecting global financial markets.

Projected Decline in Workforce and Income Growth

The declining workforce relative to the total population will slow per capita income growth in China and strain the labor market and social welfare systems. Over four decades of rapid growth driven by favorable demographics, China’s working-age population peaked in 2013. In 2023, the population declined for the first time since 1961, with a significant rise in the elderly population. This demographic shift will challenge labor productivity, investment returns, and increase pension and healthcare costs, necessitating structural reforms in labor markets and public finance.

Source: ASEAN+3 Macroeconomic Research Office

China’s demographic landscape is undergoing significant changes due to its aging population. The country’s fertility rate has been declining, and with advancements in healthcare, life expectancy has increased. These trends have led to a rapidly aging society, presenting profound economic implications.

The elderly dependency ratio in China, which measures the proportion of individuals aged 65 and above to the working-age population, is climbing. This shift adds strain to the labor market, as fewer young people are available to support a growing elderly population. The shrinking workforce challenges economic growth, as businesses might face labor shortages, and productivity may decline without sufficient youthful dynamism.

Moreover, the financial burden on the government is intensifying. China’s social security and pension systems are under pressure to cater to the needs of an increasing number of retirees. This strain is further compounded by the healthcare system, facing escalating demand to provide medical services and long-term care for elderly citizens. Funding these services is challenging, requiring substantial fiscal allocations, which might otherwise be directed towards infrastructure development or technological advancements.

Consumer behavior is also impacted by demographic changes. Older populations typically have different spending habits compared to younger cohorts. There tends to be a higher demand for healthcare products, pharmaceuticals, and age-specific services, like elder care facilities. However, overall economic consumption may decrease as older citizens generally spend less, especially on luxury goods, travel, and technology.

Real estate markets are experiencing a paradigm shift as well. The need for elder-friendly housing and retirement communities is rising. Simultaneously, there is less demand for traditional family homes, impacting property prices and development patterns.

Government policies are attempting to address these challenges. Initiatives like relaxing the one-child policy and encouraging higher birth rates through incentives might help gradually balance the demographic structure. Nevertheless, the effects are yet to be seen, and the urgency to adapt to an aging population remains a critical focal point for China’s economic strategy.

Source : China’s aging population and its economic impact

Thailand Installs Paetongtarn Shinawatra as the Youngest Prime Minister

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Thailand swears in Paetongtarn Shinawatra as youngest prime minister

Paetongtarn Shinawatra was sworn in as Thailand’s youngest Prime Minister on September 6, 2024, amid political turmoil. She replaces Srettha Thavisin and faces challenges from her family’s controversial legacy.

Thailand’s Prime Minister Paetongtarn Shinawatra was sworn in on September 6, 2024, during a closed ceremony with King Maha Vajiralongkorn. She is the youngest Prime Minister in the country’s history and the third generation of the prominent Shinawatra political dynasty, following her father and aunt.

Her ascension follows a month of political turmoil, including the dismissal of her predecessor and the dissolution of the Move Forward Party. Paetongtarn leads a cabinet with a record number of eight women while navigating a politically unstable environment and economic stagnation.

Despite her family’s controversial legacy, Paetongtarn has called for patience and support from her critics. Analysts warn she must establish her own agenda, free of her father Thaksin’s influence, who returned from exile just before her premiership.

Source : Thailand swears in Paetongtarn Shinawatra as youngest prime minister

TECNO Wins Two Gold Awards at Global Product Technology Innovation Awards at IFA Berlin 2024

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TECNO MEGA MINI Gaming G1, the world’s smallest water-cooling gaming mini PC, and TECNO Pocket Go, the industry’s first Windows AR gaming set, claimed the prestigious global awards.

BERLIN, Sept. 7, 2024 /PRNewswire/ — The 2024 IFA Berlin International Consumer Electronics Show, one of the largest consumer electronics exhibitions in the world, officially kicked off yesterday. Among the event’s highlights was the announcement of the Global Product Technology Innovation Award 2024, run with support from IFA Management GmbH. Overall, TECNO claimed two prestigious gold awards: The TECNO MEGA MINI Gaming G1 was awarded the Design and Technology Integration Innovation Gold Award and the TECNO Pocket Go was awarded the AR Immersive PC Gaming Experience Innovation Gold Award, highlighting its cutting-edge innovations on a global stage. The two award-winning devices are on display at the TECNO booth (H6.2A-113) at IFA Berlin 2024.

As a global technology leader with operations in over 70 markets, TECNO remains dedicated to revolutionizing the digital experience, particularly in emerging markets. The brand excels at integrating contemporary design with cutting-edge technology across its extensive range of AIoT products. The two award-winning products from TECNO, showcased at IFA 2024, epitomize the brand’s innovation in AIoT. Offering global users an immersive interactive gaming experience with superb performance, these products underscore TECNO’s steadfast commitment to the fusion of high-end technology with sophisticated design.

The "Global Product Technology Innovation Award" is one of the most authoritative platforms for international exchange, showcasing, and collaboration at the IFA each year. With the significance amplified in the show’s 100th year anniversary, the annual global award, conducted by International Data Group (IDG) and the German Chamber of Commerce and Industry (DIHK) with support from IFA Management GmbH, is a celebration of cutting-edge technological advancement.

TECNO MEGA MINI Gaming G1: The World’s Smallest Water-Cooling Gaming MINI PC with Discrete Graphics Card

TECNO MEGA MINI Gaming G1 is celebrated as the "world’s smallest" water-cooled gaming PC with a discrete graphics card. More than just a gaming rig, it’s a comprehensive solution that blends powerful performance, advanced cooling, and extensive connectivity in an ultra-compact form.


TECNO MEGA MINI Gaming G1

The MEGA MINI Gaming G1 features cutting-edge performance with a compact design. It is powered by the Intel® Core™ i9-13900H processor, delivering 14 cores, 20 threads, and turbo speeds up to 5.4 GHz, setting a new standard in compact gaming. The NVIDIA GeForce RTX™ 4060 GPU based on Ada Lovelace architecture ensures breathtaking graphics and fluid gameplay, enhanced by NVIDIA DLSS 3 technology for AI-driven performance boosts.

Despite its compact size of just 255*150*150mm, it packs a robust cooling system with a 6888 mm² pure copper heatsink and dual fans, maintaining optimal performance while minimizing noise. Users can switch seamlessly between Beast, Smart, and Eco modes to suit their needs.

Connectivity is another standout feature of the MEGA MINI Gaming G1. With 15 diverse ports, users can easily connect all their gaming peripherals and accessories. Thunderbolt 4 support offers lightning-fast data transfer speeds and versatile multi-display capabilities, while Wi-Fi 6E and Ethernet guarantee reliable connections. The device is powered by a compact yet mighty 330W GaN adapter, delivering stable output in a sleek, RGB-lit design.

Besides the standard edition, TECNO also unveiled a new collaboration edition of The TECNO MEGA MINI GAMING G1 with Geekom, a top-tier brand in the Mini PC industry, now available on Kickstarter (https://bit.ly/KSMEGA). This device is also on display at the IFA exhibition, where visitors can experience it at the TECNO booth.

TECNO Pocket Go: The industry’s first Windows AR gaming set

The TECNO Pocket Go pioneers a "new gaming wonderland" in handheld PC form within the AR industry. Seamlessly integrated with the Windows gaming ecosystem and featuring advanced head-tracking technology, it delivers an unparalleled 6D immersive experience.


TECNO Pocket Go

The AR Pocket Vision boasts a 0.71-inch Micro-OLED screen that replicates a 215-inch TV experience from 6 meters away, delivering strong cinematic visuals. With up to 600° diopter adjustments for eye comfort and privacy protection, gaming can be enjoyed anywhere. Powered by the AMD® Ryzen™ 7 8840HS, the handheld of the device offers exceptional speed and seamless multitasking with 8 cores, 16 threads, and turbo speeds up to 5.1 GHz. Its PC-grade cooling system, featuring a large fan and three copper pipes, ensures optimal performance at 35W, while a 50Wh replaceable battery supports extended gaming.

Furthermore, the VisionTrack feature of the TECNO Pocket Go offers a fully immersive experience, both visually and sensorially. The AR Pocket Vision features a six-axis gyroscope and AI algorithms for precise head-tracking, enhancing real-time data collection during gameplay. N’BASS® acoustic materials and a proprietary vibration algorithm translate in-game sounds into nuanced vibrations through the handheld, while the Hall Effect Joysticks and Triggers provide precise control, enriching both visual and tactile sensations.

With the TECNO Pocket Go, users will unlock a futuristic gaming experience that seamlessly connects to TECNO’s broader ecosystem of AR products.

Availability

The new Geekom collaboration edition of the TECNO MEGA MINI Gaming G1 will make its stunning debut at IFA Berlin 2024, where it will be presented at TECNO’s booth – located at H6.2A-113. This new model is now available on Kickstarter, for more information please follow the link: https://bit.ly/KSMEGA .

TECNO Pocket Go will also start crowdfunding on Kickstarter from late September. For more information about Pocket Go, please check the details on TECNO’s website: https://tecno-pocketgo.com/

Source : TECNO Wins Two Gold Awards at Global Product Technology Innovation Awards at IFA Berlin 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Come to RE+2024 to discover the cutting-edge energy solutions of tomorrow!

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ANAHEIM, Calif., Sept. 7, 2024 /PRNewswire/ — From September 10th to 12th, 2024, the highly anticipated RE+2024 exhibition will be held at the Anaheim Convention Center in California, USA. Hite Smart Energy will showcase the latest energy storage products and technologies at the event, and we sincerely invite our friends and customers to visit our booth N79023 to discuss and envision the future of global clean energy.
Location: Anaheim Convention Center, CA North Hall 100
Booth #N79023

The exhibition gathers well-known enterprises in solar, energy storage, hydrogen, microgrid, EV charging and infrastructure, and wind energy. With the influence of the exhibition expanding year by year, it has become a golden bridge for enterprises to penetrate the North American market and connect with global business opportunities.

In recent years, Hite Smart Energy has made remarkable achievements in overseas market expansion, and has established solid partnerships with many internationally renowned enterprises. Having delivered projects in numerous countries across Europe, America, Asia, and Africa, Hite Smart Energy is looking forward to meeting you in California, USA during this RE+ trip to participate in the grand energy technical event!

Typical Cases
We are thrilled to announce our latest advancements in providing energy storage solutions to our valued clients. This marks an important milestone in enhancing energy efficiency and sustainability for our clients.

Company Profile
Zhejiang Hite Smart Energy Co., Ltd., is the subsidiary controlled by Shanghai Hite Control System Co., Ltd. (002184). As a leading manufacturer and solution provider in the C&I battery energy storage and Utility BESS sectors, we specialize in developing cutting-edge integrated systems, including self-R&D and manufacturing of BMS, PCS, EMS, and VPP systems.

Here are our core performance data.
4 R&D Centers in China (Shanghai, Shenzhen, Haining, Suzhou)
1 Joint Venture Company in Belgium.
4+ GWh Installed Capacity
5 Manufacturing Bases in China (Haining and Tongxiang, Northwest, North China)
16000+Converters Operating
16+ GWh Production Capacity

We invite you to visit our booth and explore how we can help you optimize your energy strategy!
let’s meet at RE+ 2024 in Anaheim USA!

Please do not hesitate to contact us if you have any questions.
You can contact us in the following ways:
LinkedIn: HITE Smart Energy Co. Ltd.
Official website: Hite Smart Energy (hite-smart.com)

 

Source : Come to RE+2024 to discover the cutting-edge energy solutions of tomorrow!

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Emeren Group Announces Notice of Annual General Meeting

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NORWALK, Conn., Sept. 7, 2024 /PRNewswire/ — Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that its annual general meeting (the "AGM") will be held at 5000 Hopyard Rd, Suite 302, Pleasanton CA 94588, U.S.A. at 10:00 a.m. Pacific Standard Time on November 1, 2024. The record date for determination of shareholders entitled to vote at the meeting is September 17, 2024.

Shareholders will also be able to participate in the AGM via webcast. To attend, please click the link below to access the webcast meeting:

Webcast Link: here
Meeting ID: 233 244 042 251
Passcode: w8ieBz

Copies of the notice of the AGM, proxy form, poll card and annual report will be available on Emeren’s investor relations website at https://ir.emeren.com/.   

AGM Resolutions

The following resolutions to be proposed at the AGM will require a simple majority of the votes cast by the shareholders present in person or by proxy:

To appoint Dr. Ramakrishnan Srinivasan as a director of the Company following his appointment as a director by the Board of Directors in accordance with the Company’s articles of association. To re-elect Martin Bloom and Yumin Liu, who are each offering himself for re-election, in accordance with the Company’s articles of association to hold office until a successor is duly elected and qualified. To vote on an advisory basis to approve the compensation of our named executive officers as disclosed in the accompanying proxy statement. To vote on an advisory basis on the frequency of future advisory shareholder votes on the compensation of our named executive officers. To ratify the appointment of UHY LLP as our independent registered public accounting firm and auditors for 2024. To consider and act upon such other business as may properly come before the meeting or any adjournment or postponement thereof.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.

For investor and media inquiries, please contact:

Emeren Group Ltd – Investor Relations
[email protected] 

The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
[email protected] 

 

Source : Emeren Group Announces Notice of Annual General Meeting

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Midea's New ECOMASTER Energy-Saving Solution Shines at IFA Berlin 2024

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Combining AI algorithms, big data, and cloud connectivity to significantly improve appliance energy efficiency, without sacrificing performance

BERLIN, Sept. 7, 2024 /PRNewswire/ — Midea, the world’s leading manufacturer in air treatment and home appliances, unveiled its ECOMASTER energy-saving solution at Booth 101, Hall 5.1, during IFA Berlin 2024, the world’s largest consumer and electronics show. This intelligent technology optimizes product performance and reduces energy consumption by an average of 30%.


Midea launched new technology ECOMASTER at IFA 2024

"Our users have made it clear that they care about reducing energy use and protecting the environment, and we aim to deliver," said Kurt Jovais, Global Director of Product Management, Midea International Business. "Combining cloud connectivity, advanced analytics, and an intelligent AI algorithm, ECOMASTER achieves the perfect balance between performance and energy efficiency."

As an example, an ECOMASTER air conditioner leverages an AI algorithm pre-trained on billions of data points, continuously detecting environmental data every 30 seconds, integrating cloud-based data such weather forecasts to predict heat load changes. This enhances its predictive abilities, ensuring precise temperature control and optimizing comfort and energy efficiency for the optimal cooling experience.

Midea ECOMASTER is compatible across various Midea appliances including refrigerators, washing machines, ovens, dishwashers and water heaters. When activated, the ECOMASTER autonomously optimizes energy use, and users can monitor energy savings through the app.

The power of ECOMASTER is further amplified when paired with the ESS Energy Management System. The tailored AI Energy Assistant adjusts to users’ preferences for storing, charging, and discharging energy based on dynamic electricity tariffs, and employs strategies for intelligent energy allocation.

Midea also respects user privacy. All uploaded data is operational, such as indoor and compressor temperatures, containing no personal information and only remaining available to the user.

Midea ECOMASTER represents Midea’s latest achievement in utilizing advanced technology to develop energy-saving and user-friendly appliances for the home.

About Midea & Midea Group

Midea is one of over 10 brands within the Smart Home Business of Midea Group.

Established in 1968, Midea Group is a leading global high-technology company, ranked #277 on the 2024 Fortune Global 500 list. It is one of the world’s largest home appliance manufacturers. In early 2021, the company streamlined its core units into five high-growth business pillars: Smart Home, Electro-Mechanical, Building Technologies, Robotics & Automation, and Digital Innovation.

www.midea-group.com
www.midea.com 

Source : Midea's New ECOMASTER Energy-Saving Solution Shines at IFA Berlin 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network