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Home Blog Page 4252

Co-chairs’ Press Statement The Association of Southeast Asian Nations – Cooperation Council for The Arab States of The Gulf (ASEAN-GCC) Foreign Ministers’ Meeting

Asean News

Oct 2, 2019

ASEAN-Hong Kong, China Free Trade Agreement enters into force

1. The ASEAN-GCC Foreign Ministers’ Meeting was held on 28 September 2019 in New York, the United States, on the sidelines of the 74th Session of the United Nations General Assembly. The Meeting, held in an open-ended troika format, was co-chaired by Honourable Dato Erywan Pehin Yusof, Minister of Foreign Affairs II of Brunei Darussalam, and H.E Yusuf bin Alawi bin Abdullah, Minister Responsible for Foreign Affairs of the Sultanate of Oman. The Meeting was attended by Foreign Ministers or Representatives of ASEAN Member States and GCC Member Countries, the Secretary-General of ASEAN, and the Secretary-General of the GCC

Download the full statement here.

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Students from Sawangdandin Vocational College win 39th Honda Soichiro Cup in Japan

National news Thailand

Oct 2, 2019

JAPAN (NNT) – The Office of the Vocational Education Commission has congratulated a group of students from Sawangdandin Vocational Education College in Sakhon Nakhon after they won the 39th Honda Soichiro Cup in Japan last month.

The students of the “Nai Hoi Tamin” team from Sawangdandin Vocational Education College, were placed first in the “New Challenge” category at the 39th Honda Soichiro Cup, with a record of 2,048.17 kilometers per liter. The international event took place on September 28 and 29 at the Twin Ring Motegi circuit and was attended by over 300 teams from many Asian countries, such as Japan, China and Vietnam.

The “Nai Hoi Tamin” team was also the winner at the 21st Honda Eco Mileage Challenge in Thailand last year. The team built a car that can run up to 1,792 kilometers per liter of gasoline, at an average speed of 30 kilometers per hour.

Members of the “Nai Hoi Tamin” team comprise Nantapong Saiwan, Abhisit Pakdirak, Nattawut Suwannakan and Tawee Putson, with their instructor, Phornthawee Wongchalermsak, acting as their manager.

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KTB confirms “Taste, Shop, Use ” system did not fail on Sunday

National news Thailand

Oct 1, 2019

BANGKOK (NNT) – Krungthai Bank (KTB) has refuted rumors that its “Chim Shop Chai (Taste, Shop, Use)” registration system failed yesterday (Sept 29), resulting in shoppers at a Tesco Lotus in Lak Si district of Bangkok abandoning their shopping carts. KTB say the error was specific to the branch, adding that one million people had registered for the program by 3a.m. today.

The bank explained that only 20 portals per province are allotted to major stores, in line with government policy looking to have the program benefit grassroots citizens and businesses.

Tesco Lotus registered 20 branches in Bangkok for participation in the program, allowing only one registration point per branch. KTB pointed out that the store’s inability to meet demand was the result of mismanagement and has suggested it offer the program at fewer branches to increase the number of portals per branch. It noted The Mall Group offers the program at three branches in Bangkok, while Big C offers the program at seven branches in Samut Prakan province.

The bank says that the intent of this campaign is to stimulate the tourism sector, the grassroots economy and money circulation throughout the provinces. It is designed to disperse revenue and encourage travel by Thai citizens.

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TAT Launches ‘Krabi Premium’ concept – Tourism

Thailand Business News

Sep 30, 2019

Bangkok, September 2019 – The Tourism Authority of Thailand (TAT) Krabi Office is launching its ‘Krabi Premium’ marketing concept aimed at delivering ‘the best of the best’ of Krabi.

It offers meaningful experiences to tourists to hopefully stimulate spending and generate additional revenue for local communities in the province.

The initiative also aims to promote responsible tourism while encouraging the exchange of ideas between the locals, tourists and tourism operators on how to promote the concept both locally and to domestic and international tourists.

Mr. Apichai Aranyig, Director of the TAT Krabi Office, said the ‘Krabi Premium’ concept started off as a project to entice more domestic tourists, both Thai and expatriates living in Thailand, to Krabi through the launch of the ‘We are Krabi‘ and its bookcaze websites.

“The concept is now expanding to cover all potential markets. Through partnerships with tour operators and hotels, international tourists will know more of what can be experienced in Krabi while Thai tourists will know they are welcomed all-year round. This averts misconceptions that hotels and tourism operators in Krabi only want Thai tourists during the low season,”

Mr. Apichai said.

“The concept is also meant to encourage hotels, tourism operators and Krabi locals to be good hosts and treat…

Read the complete story on Thailand Business News

Retail in the age of social media – Ecommerce, Facebook, Real Estate, Social Media, Tech

Thailand Business News

Sep 30, 2019

Thailand’s nascent e-commerce industry is thriving and making serious money. According to the Ministry of Digital Economy and Society, Thai e-Commerce grew the most in ASEAN, the value of Thai ecommerce grew 14% in 2018, estimating that the value would increase to USD 103 billion, and its growth is expected to hit 20% this year.

The region is flourishing

According to the report Asia-Pacific B2C E-Commerce Market, over one half of total global online retail sales happens in the Asia-Pacific region. Over 50% of all the online shopping for retail goods and services takes place in the Asia Pacific region, and South-East Asia accounts for about 40% of the e-commerce market of the region.

Southeast Asia is definitely a new big e-commerce hit, and the region is currently a very attractive market for big players involved globally in the e-commerce sector and smaller local companies.

At a reflection point of Internet penetration and mobile devices rapid spread, the population of Southeast Asia is quickly adapting its behaviors to take advantage of new purchasing products and services online opportunities.

According to the latest e-Conomy Southeast Asia 2018 report from Google and Singapore-based Temasek, the digital economy in Southeast Asia is on track to hit $240 billion by 2025, which is $40 billion more than previous estimates.

The digital economy in Southeast Asia is on track to hit $240 billion by 2025

As e-commerce continues to grow exponentially, Southeast Asia will account for 20% of worldwide e-commerce by as early as 2022.

Thriving Market

With a GDP worth of USD 602 billion, Thailand is the second largest economy in Southeast Asia, surpassed only by Indonesia. In addition to that, according to EcommerceIQ research, Thailand is also the second…

Read the complete article on Thailand Business News

Enigmas of the Indian economy

Thailand China Business News

Sep 29, 2019

Author: Alok Sheel, ICRIER According to the IMF’s World Economic Outlook update of July 2019, India was the fastest-growing major economy in 2017 and 2018 and is estimated to remain so in 2019 and 2020. The headline macroeconomic fundamentals appear benign. The general government fiscal deficit, inflation and current account deficit are within the targeted […]

The post Enigmas of the Indian economy appeared first on Thailand – China.

Read the complete story on Thailand-China Business News

Floods subsiding but rain continues

National news Thailand

Sep 29, 2019

BANGKOK(NNT) – The flood situation in the four northeastern provinces of Ubon Ratchathani, Yasothon, Roi Et and Si Sa Ket is showing signs of abating, with temperatures dropping in most parts of the country.

The Office of National Water Resources (ONWR) has reported a medium high pressure front moving in from China to cover Thailand and the South China Sea, indicating it will result in winds across the Gulf of Thailand and a reduction in rainfall in all regions except the Southeast, which is to experience scattered showers between September 27 and 29, 2019.

Water levels in the Chi River passing through Maha Chana Chai district of Yasothon province and through Ubon Ratchathani province; the Moon River passing through Phibun Mangsahan district of Ubon Ratchathani and Lam Se Bok weir passing through Trakan Phuet Phon district of Ubon Ratchathani are set to recede.

The Department of Disaster Prevention and Mitigation (DDPM) has noted the four northeastern provinces are still experiencing floods and are in need of assistance. Forest runoff recently inundated the Kabin Buri district of Prachin Buri province, but the situation has since been resolved. Four districts in Sa Kaeo province were similarly hit by runoff, with floodwater around Phra Prong canal still 30 to 50 centimeters deep. The DDPM has coordinated with soldiers and the local administration to provide further assistance.

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Medical Hub project – American, Japanese patients may have…

National news Thailand

Sep 29, 2019

BANGKOK (NNT) – The Directing Committee of the International Health Center has approved a proposal to include the United States and Japan in the group of countries from which patients may have medical treatment in Thailand for a period of 90 days without needing a visa .

A meeting of the Directing Committee of the Thailand International Health Center or Medical Hub, chaired by Deputy Prime Minister/Public Health Minister Anutin Charnvirakul, and attended by Tourism & Sports Minister Phiphat Ratchakitparkarn, approved in principle, the inclusion of the United States and Japan in the 90-day medical treatment visa waiver program. The inclusion of the two countries in the scheme, makes a total of 13 nations, with the addition of the Gulf Cooperation Council countries, Cambodia, Laos, Myanmar, Vietnam and China.

Mr. Anutin confirmed today that the government is focused on the promotion of innovation and medical excellence, as well as health-related tourism, to add economic value. Over 3.4 million health-related visits were made to Thailand last year, generating over 28 billion baht in revenue. Thailand, which has 68 internationally recognized health service units, the most in ASEAN, plans to turn the country into the world’s Medical Hub in 2020.

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