Thailand foreign business act

Share to Twitter Share to Linkedin Topline Hungarian Prime Minister Viktor Orbán will not discuss a European Union embargo on Russian oil at a meeting of European leaders next week, according to a letter he wrote seen by the Financial Times , delivering yet another major setback to the ban. Key Facts In a letter to the EU’s European Council President Charles Michel, Orbán said talking over the embargo at a convening of the European Council next week would be “counterproductive,” according to the Financial Times . The letter comes a day after Germany briefly inspired confidence when Robert Habeck, Germany’s economics minister, said the EU would agree on a ban “within days.” Orbán said in the letter the current proposal has insufficient financing plans for landlocked countries such as Hungary to replace Russian oil and he remains open to discussions on the ban “with a pragmatic and result-oriented approach,” according to the … [Read more...] about Hungary Reportedly Won’t Discuss EU Ban On Russian Oil—Crushing Brief Moment Of Hope For Cursed Embargo

The Eastern Spa and Wellness Associations says 80% of massage shops in Pattaya have closed forever, with fewer than 100 still able to operate. Speaking to the Pattaya News, the association’s president, Chairat Ratananophas, says the remaining businesses need financial support and clarity on when they can re-open. Currently, Covid-19 restrictions in the eastern province of Chon Buri mean massage shops, spas, saunas, and all other wellness venues have been closed for nearly 2 months. Chairat says that prior to the pandemic, there were around 400 licenced massage shops and spas in Pattaya. There are now fewer than 100, but he says some of the ones considered permanently shut could still return – if the tourists do. Until then, the association considers them permanently closed. In late 2020, many of Pattaya’s massage shops were getting some business from domestic tourists and local expats. However, this year’s resurgence of Covid-19 and the forced closures that followed, was the … [Read more...] about Over 80% of massage shops in Pattaya closed “permanently”

Share to Twitter Share to Linkedin May is Asian American Pacific Islander (AAPI) Heritage Month , which celebrates the histories of the fastest-growing racial group in America. The AAPI population has increased more than 35% between 2010 and 2020 and is expected to quadruple by 2060, according to the Census Bureau . While celebrating the history of this diverse group, it’s also important to raise awareness about the rise in hate crimes they’ve experienced, and to work to break deep-rooted stereotypes and biases by exploring the history they’re rooted in. Below are some of the biases and myths the AAPI community faces, and the history behind them. The Stereotype: The Forever Foreigner The AAPI community is not a monolith, but encompasses more than 50 ethnic groups , such as China, Vietnam, Korea, India, Cambodia, Japan, the Philippines, Melanesia, Micronesia, Polynesia , and many others. “Within the Asian American Pacific Islander community, … [Read more...] about The History Behind Common AAPI Stereotypes

Zuraida: So far, we have no worries because we definitely have no shortages at all. - A + A (May 24): Malaysia, the world’s second-biggest palm oil producer, has ruled out curtailing cooking oil exports as it has enough supplies to meet local demand and will instead focus on targeting subsidies to ensure it benefits the most needy consumers. “So far, we have no worries because we definitely have no shortages at all,” Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said in an interview Tuesday (May 24). “Most of the time we export more than half of what we produce, and we still have an excess to export,” she said from her office in the administrative capital Putrajaya. The nation aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia’s export curbs on palm oil, Zuraida said. She forecasts Malaysia’s palm oil production may rebound to 23 million to 25 million tonnes in 2022, versus last year’s 18.1 … [Read more...] about Malaysia rules out curbs on cooking oil exports, minister says

- A + A (May 24): President Joe Biden is seeking to show US resolve against China, yet an ill-timed gaffe on Taiwan risks undermining his bid to curb Beijing’s growing influence over the region. Whether intentional or not, Biden provoked China with a vow to defend Taiwan militarily. After saying that US policy on Taiwan “had not changed at all” during a news conference in Tokyo, he then answered “yes” when asked if the US would act “militarily” to defend the island in the event of a Chinese attack. “It’s a commitment we made,” Biden added. White House officials later walked back the remark, saying the president was only promising US aid to help Taiwan defend itself in the event of hostilities. That would be akin to what the US is doing in Ukraine, where Biden has vowed not to send troops. “The policy has not changed at all, and I stated that when I made my statement,” Biden said Tuesday when pressed by reporters to clarify the US position. The president’s … [Read more...] about Biden’s latest Taiwan gaffe stokes tensions with Beijing

The death of bruised Bryde’s whale washed ashore at the Bang Khun Thian coast in Bangkok, near the mouth of the Chao Phraya river on Friday, still remains a mystery. Investigating officers spotted a bruise on the mammal’s belly but couldn’t conclude the cause of death. The owner of a nearby restaurant informed Thai media that local fishermen saw the body of a floating whale on Bang Khun Thian coast on Friday evening. The next day the body was found washed up in a mangrove forest at the border of Bangkok and Samut Sakhon province. An officer from the Marine and Coastal Resources Research Department, Surasak Thongsookdee, arrived at the scene Saturday with a team of vets and collected meat samples for further investigation. The vet team acknowledged the bruise on its belly but were unsure whether it was caused before or after the whale had died. The officer added that the whale’s bones would be kept at the Marine and Coastal Resources Research & Development Institute in … [Read more...] about Bryde’s whale found dead at Bangkok’s Bang Khun Thian coast

3,886 new Covid-19 cases and 39 coronavirus-related deaths were reported by the Centre for Covid-19 Situation Administration. Since April 1, the latest wave of infections in Thailand, the CCSA has recorded 140,485 Covid-19 infections with more than 40,000 of those infections in Bangkok. Out of the new cases, 1,230 were detected in correctional facilities. Over the past month, thousands of inmates at more than a dozen Thai prisons have tested positive for Covid-19. Health officials have been rolling out active testing at prisons to quickly identify infections and contain the virus. Disease control measures remain strict in Bangkok, the epicentre of infections in the latest wave. Closure orders on many non-essential businesses and venues will remain in effect until at least June 14. More information will be released this afternoon following the CCSA’s daily briefing. Get more from The Thaiger FREE APP: ANDROID or iOS | HAVE YOUR SAY FORUM | … [Read more...] about Thursday Covid Update: 3,886 new cases and 39 deaths

3,440 new Covid-19 cases and 38 coronavirus-related deaths were reported today by the Centre for Covid-19 Situation Administration. Since April 1, the latest wave of infections in Thailand, the CCSA has recorded a total of 136,599. Out of the new cases, 1,087 were detected in correctional facilities. Thousands of inmates at more than a dozen Thai prisons have contracted the virus over the past month. Bangkok is the epicentre in the recent wave of infections with more than 40,000 cases reported since April 1. Restrictions remain tight and many non-essential businesses must remain closed until the situation improves. The Bangkok Metropolitan Administration decided to loosen measures and reopen 5 types of venues, but the order was quickly reversed by the Centre for Covid-19 Situation Administration. More information will be reported this afternoon following the CCSA’s daily briefing. Get more from The Thaiger FREE APP: ANDROID or iOS | HAVE YOUR SAY FORUM … [Read more...] about Wednesday Covid Update: 3,440 new cases and 38 deaths

- A + A KUALA LUMPUR (May 24): KNM Group Bhd has sold its entire stake in Borsig GmbH, a German-based process equipment manufacturer, to GPR Siebzigste Verwaltungsgesellschaft mbH (GSV) for €220.8 million (RM1.03 billion), but is expected to make an estimated loss of RM490.55 million from the disposal. In a bourse filing on Tuesday (May 24), the group said its wholly-owned indirect subsidiary Deutsche KNM GmbH entered into a conditional sale, purchase and transfer agreement with GSV on Monday. KNM is a multinational group with core businesses in project management, engineering, manufacturing and construction for the renewable energy, power, utilities, refining and petrochemical industries. GSV is a special investment vehicle wholly-owned by Vorsprung Industries SCSp, incorporated for the acquisition of Borsig. The price tag represents an enterprise value (EV) over earnings before interest, taxes, depreciation and amortisation (ebitda) of 6.63 times, compared with … [Read more...] about KNM to sell Borsig at a loss for RM1 billion

Lotte World Tower in southern Seoul [LOTTE CORPORATION] Lotte companies vowed to invest a total of 37 trillion won ($29 billion) over the next five years into making their businesses more sustainable, with a major focus on biopharmaceuticals and mobility. Lotte Corporation announced the investment plan Tuesday along with a specific breakdown and details on how the money will be used. Some 41 percent will go to its biopharmaceutical and mobility businesses, along with construction and rental businesses, while 25 percent will go to its chemical business. Twenty-two percent will be used in strengthening its retail business, while six percent will go to the hotel sector and another six to the food sector. Lotte plans to use about 1 trillion won to construct a biopharmaceutical contract and development manufacturing organization plant in the country. The move is in line with the company's ambitious goal of entering the biopharmaceutical industry. Lotte recently announced that … [Read more...] about Lotte companies vow to invest 37 trillion won over next 5 years