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Search Result for “financial aid”

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OPINION

Thais must join Global Peace Summit

Oped, Kavi Chongkittavorn, Published on 11/06/2024

» This weekend, Thailand will join 100-plus countries at the Burgenstock Resort in Switzerland for the upcoming Global Peace Summit. Singapore, Malaysia and the Philippines have confirmed their participation. East Timor, which is expected to become a full Asean member in the future, is also participating.

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GENERAL

Climate changes

Business, Published on 10/06/2024

» A government pledge to cut a large amount of greenhouse gas emissions is expected to reshape how Thai businesses operate.

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WORLD

Malaysia evicts 500 ‘sea nomads’

Reuters, Published on 06/06/2024

» KUALA LUMPUR - More than 500 people from seafaring communities along the coast of Sabah state have been evicted from their homes this week as part of a Malaysian government crackdown on undocumented migrants, local activists said.

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OPINION

Multilateralism in a fractured world

News, Vitit Muntarbhorn, Published on 06/06/2024

» Multilateralism lies at the heart of international relations as an enabler of states to converge in an ever-changing world. It is closely linked with the United Nations (UN), setting in motion a rules-based system, embracing international peace and security anchored on international law.

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GENERAL

Government seeks tighter grip on central bank after clash

Bloomberg News, Published on 05/06/2024

» Prime Minister Srettha Thavisin's administration is discussing ways to exert more control over the Bank of Thailand (BoT) after repeatedly clashing with the monetary authority on economic policy, according to people familiar with the matter.

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THAILAND

GSB and BAM Form 1 Billion Baht Debt Relief Venture

Published on 31/05/2024

» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.

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WORLD

China hands death sentence to ex-banker for taking bribes

South China Morning Post, Published on 29/05/2024

» BEIJING - A court in eastern China delivered a rare death sentence on Tuesday, after finding that a former senior banker accepted bribes worth more than 1.1 billion yuan (US$151 million) in his role with one of the country's top four state asset managers.

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GENERAL

BDMS Wellness in Chinese partnership

Business, Lamonphet Apisitniran, Published on 29/05/2024

» BDMS Wellness, a unit under Bangkok Dusit Medical Services Plc, has partnered with a Chinese company to focus on preventive medicine in a bid to attract Chinese travellers seeking healthcare in Thailand.

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OPINION

Hazy geopolitics means Sudan conflict rages unseen

News, Peter Apps, Published on 28/05/2024

» Video released by Sudan's rebel Rapid Support Forces (RSF) on Wednesday shows the last few vehicles of aid agency Medecins Sans Frontieres evacuating al-Fashir, the largest city in North Darfur, watched by the gunmen who have besieged the city and appear intent to overrun it altogether.

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GENERAL

An alternative path to growth

Business, Published on 27/05/2024

» Newly appointed Finance Minister Pichai Chunhavajira is taking a less hostile stance towards the Bank of Thailand than the premier, aiming to better coordinate fiscal and monetary policies.