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THAILAND

Thailand locked at 10th in Asia-Pacific power index

Bangkok Post and Kyodo, Published on 14/10/2024

» Thailand remained in 10th position on an annual index measuring power and influence in the Asia-Pacific region this year, held back by its ageing population.

BUSINESS

Analysts expect Bank of Thailand to maintain policy rate at meeting

Business, Nareerat Wiriyapong and Nuntawun Polkuamdee, Published on 15/10/2024

» A recovering domestic economy and the likelihood the United States Federal Reserve (Fed) might slow its interest rate cuts if inflation revives should prompt the Bank of Thailand (BoT) to maintain its policy rate at its meeting on Wednesday, say analysts.

WORLD

Nobel economics prize goes to inequality researchers

Reuters, Published on 15/10/2024

» STOCKHOLM: Three US-based academics won the 2024 Nobel economics prize on Monday for research that explored the aftermath of colonisation to understand why global inequality persists today, especially in countries dogged by corruption and dictatorship.

WORLD

Canada-India row worsens with diplomatic expulsions

Reuters, Published on 15/10/2024

» Canada has expelled six Indian diplomats including the high commissioner (the equivalent of ambassador), linking them to the murder of a Sikh separatist leader and alleging a broader effort to target Indian dissidents in Canada.

LIFE

Warner to launch Max streaming service in Thailand

Reuters and Bloomberg, Published on 15/10/2024

» Warner Bros Discovery plans to launch its Max streaming service across new Asian markets including Thailand from Nov 19, a major expansion in a region where Amazon.com and Walt Disney are scaling back investment in content. 

THAILAND

Nearly 1,100 iCon complaints reported

Wassayos Ngamkham and Mongkol Bangprapa, Published on 15/10/2024

» Nearly 1,100 loss-ridden vendors have filed complaints against The iCon Group, as police continue investigating allegations that the direct-sales group ran a pyramid scheme, according to the national police chief.

WORLD

Indonesia faces possibility of opposition-free parliament

Reuters, Published on 15/10/2024

» JAKARTA - Indonesia’s incoming president Prabowo Subianto held talks on Tuesday with candidates for senior government posts, as he seeks to bring the country’s biggest political party into his already dominant parliamentary coalition.

WORLD

US and allies begin drills in Philippines

Reuters, Published on 15/10/2024

» MANILA - The armed forces of the United States and the Philippines began large-scale joint exercises with key allies on Tuesday that will take place in several areas in the Philippines, including those facing Taiwan and the South China Sea.

BUSINESS

Suspension of TM6 form for travellers extended

Molpasorn Shoowong and Mongkol Bangprapa, Published on 15/10/2024

» Use of TM6 immigration forms will remain suspended until April 30 next year to facilitate cross-border tourism while the new electronic travel authorisation (ETA) system is being developed, which could integrate tourism fee collection, officials say.

THAILAND

Assets seized as iCon probe expands

Post Reporters, Published on 15/10/2024

» The Anti-Money Laundering Office (Amlo) has impounded assets worth about 125 million baht from The iCon Group, its CEO and three others for 90 days while investigations continue into allegations that it ran a pyramid scheme.