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BUSINESS

Thailand aims for ‘AI literacy’ for 10 million

Komsan Tortermvasana, Published on 02/05/2025

» The National AI Committee chaired by Prime Minister Paetongtarn Shinawatra has set guidelines to transform Thailand using artificial intelligence, aiming for AI literacy for 10 million users and producing 90,000 AI professionals and 50,000 AI developers within two years.

BUSINESS

Robinhood and Foodpanda eye tie-up

Suchit Leesa-nguansuk, Published on 02/05/2025

» Yip In Tsoi, the operator of the food delivery platform Robinhood, is in discussions with Delivery Hero, the parent of foodpanda, over a potential strategic redirection agreement potential collaboration models, though not for an acquisition.

BUSINESS

EU fines TikTok €530m over China data transfer

AFP, Published on 02/05/2025

» DUBLIN - TikTok was hit with a massive EU fine of 530 million euros ($600 million) on Friday, accused of sending personal data of Europeans to China and failing to guarantee it was shielded from access by Chinese authorities.

BUSINESS

KEX Express shares jump 20% on delisting news

Nareerat Wiriyapong, Published on 02/05/2025

» Shares of KEX Express (Thailand), formerly known as Kerry Express, jumped nearly 20% on Friday after it announced plans to delist from the Stock Exchange of Thailand on completion of a tender offer by major shareholder SF International Holding (Thailand), or SFTH.

BUSINESS

Thai central bank ready to ease again if trade war hits

Reuters, Published on 02/05/2025

» The Bank of Thailand's (BoT) Monetary Policy Committee is somewhat accommodative, and the central bank is ready to ease again if needed to support the economy through the coming global trade war, a deputy central bank governor told Reuters on Friday.

BUSINESS

Tariff uncertainty drives global food prices to 2-year high

Bloomberg, Published on 02/05/2025

» Global food prices rose to a two-year high in April, a sign that tariff uncertainty is starting to put a squeeze on trade.

BUSINESS

Hong Kong welcomes 213,000 mainland tourists as 'golden week' break starts

South China Morning Post, Published on 02/05/2025

» More than 213,000 mainland Chinese visitors flocked to Hong Kong on the first day of the Labour Day "golden week" holiday on Thursday, looking forward to some hiking, treating their taste buds at street food stalls and restaurants, and enjoying a dazzling drone show in the night sky above Victoria Harbour.

BUSINESS

China says open to US trade talks offer but wants tariffs scrapped

AFP, Published on 02/05/2025

» BEIJING — China said Friday it is evaluating a US offer for negotiations on tariffs but insisted Washington must be ready to scrap levies that have roiled global markets and supply chains before talks can begin.

BUSINESS

Asia’s factories suffer major blow as Trump’s tariffs hit demand

Bloomberg, Published on 02/05/2025

» Manufacturing activity across most of Asia contracted in April, with companies struggling with weaker demand and pausing new orders in the face of US President Donald Trump’s baseline 10% tariff.

BUSINESS

Trump vs Toyota? Why US cars are a rare sight in Japan

AFP, Published on 02/05/2025

» FUKAYA (JAPAN) - With their sleek curves and chrome grilles, the classic American cars on sale at Yosuke Fukuda's yard ooze Californian cool but on Japanese roads new US vehicles are a rare sight -- much to President Donald Trump's annoyance.