ASEAN
- Business News
Thailand & Hong Kong aims for ASEAN financial hub status
Thailand is exploring a partnership with Hong Kong to establish a financial hub aimed at connecting ASEAN markets. Deputy Finance Minister Paopoom Rojanasakul announced the initiative after a meeting with Hong Kong’s Financial Secretary, Paul Chan, during the Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting in Lima, Peru. The meeting highlighted Thailand’s ambition to become a global financial player, as…
- Business News
Hong Kong urged to innovate for tourist spending boost
Hong Kong businesses need to innovate to attract tourist spending, rather than focusing on the decline in visitor expenditure, a senior official has advised. Warner Cheuk Wing-hing, Deputy Chief Secretary for Administration, highlighted yesterday, October 20, that tourists are still eager to spend but have heightened expectations. “We cannot just complain about why people aren’t spending money. It’s not that…
- Environment News
Green dreams: EU-ASEAN leaders forge path to eco-future
Top EU-ASEAN business leaders and cooperation agencies came together for a high-powered Partners’ Dialogue forum to tackle the opportunities and challenges of ASEAN’s green transition. The event was hosted by none other than the European Union’s Ambassador, H.E. Sujiro Seam. Representatives from EU-ASEAN institutions, member states, businesses, and cooperation agencies gathered to share insights and experiences on ASEAN’s journey towards…
- Transport News
New SRT governor aims to make Thailand ASEAN rail hub
Veeris Ammarapala, the newly appointed governor of the State Railway of Thailand (SRT), pledged to transform Thailand into a leading railway service hub in the ASEAN region during his four-year tenure. Ready to begin his duties as the 20th governor, Veeris recognises the significance of his role and the SRT’s mission as the nation’s largest state-owned transportation enterprise. The SRT…
- Education
Thai activist joins peers about the EU’s advanced education system
A renowned Thai youth activist has been selected to join the Youth Sounding Board for the European Union in ASEAN (YSBEA) for the 2024 to 2025 period, after a lifelong commitment to transforming Thailand’s education system to be more accessible for the country’s younger generations. Comprising youth leaders from 10 ASEAN Member States and Timor-Leste, the YSBEA is expected to…
- Education
EU Inaugurates first Youth Sounding Board for EU in ASEAN
H.E. Sujiro Seam, Ambassador of the European Union (EU) to ASEAN, today officially inaugurated 11 youth representatives from ASEAN member states and Timor Leste as the first-ever cohort of the Youth Sounding Board for EU in ASEAN (YSBEA). The establishment of YSBEA is an initiative aimed at boosting young people’s engagement in EU-ASEAN cooperation to act as a youth advisory…
- Business News
Canada-ASEAN free trade agreement expected by next year
A free trade agreement (FTA) between Canada and the Association of Southeast Asian Nations (ASEAN) is anticipated to be finalised by next year, according to officials from Canada and Thailand involved in the discussions. Surin Thanalertkul, the Canadian embassy trade commissioner, along with Martin Sullivan, senior market development officer of the Canada Indo-Pacific Agriculture and Agri-Food Office (IPAAO), discussed the…
- Thailand News
ASEAN Troika Plus meeting on Myanmar crisis likely post-summit
The Ministry of Foreign Affairs (MFA) announced that the ASEAN Troika Plus meeting aimed at addressing the Myanmar crisis may take place after this year’s ASEAN Summit. The Deputy Director-General of the Department of ASEAN Affairs, Bolbongse Vangphaen, revealed that Laos, the ASEAN chair for the year, endorsed Thailand’s proposal for the ASEAN Troika Plus meeting during the 57th ASEAN…
- Thailand News
Neighbours come together for peace in Myanmar conflict
Foreign Minister Maris Sangiampongsa called on Myanmar’s neighbouring countries to strengthen their cooperation in encouraging all parties involved in Myanmar’s civil war to halt the ongoing conflict since the 2021 military coup. Maris spoke to Kyodo News and Thai media in Vientiane yesterday, July 29, noting that he had informal discussions with his counterparts from Myanmar and India concerning the…
- Thailand News
Japan urges ASEAN to prioritise hybrids over EVs for sustainability
Japan advocates for hybrid vehicles as an effective path for the Association of Southeast Asian Nations (ASEAN) to reach sustainable development goals. During the Economic Security and Supply Chains seminar, Yasuyuki Todo from the Faculty of Political Science and Economics at Waseda University cautioned ASEAN about over-relying on the electric vehicle (EV) industry. He pointed out that since Asean mainly…
- Thailand News
Thailand to ASEAN: Let’s get digital for ‘byte-sized’ unity
Thailand urged the Association of Southeast Asian Nations (ASEAN) to enhance integration by adopting a unified digital economy system, supporting sustainable development, and ensuring regional security through existing mechanisms. Speaking at the 57th ASEAN Ministerial Meeting in Vientiane yesterday, July 28, Foreign Affairs Minister Maris Sangiampongsa emphasised the growing interest of many countries and international organisations in engaging with ASEAN.…
- Business News
SCG Décor forecasts 10% rise to 30 billion baht in ASEAN market
SCG Décor (SCGD), a key player in the decor surface and bathroom business, projects a 10% year-on-year revenue increase to 30 billion baht, largely fuelled by heightened sales in the ASEAN market, including a significant push for green products. The company anticipates its revenue will double by 2030. Numpol Malichai, Chief Executive and Managing Director of SCGD, revealed the company’s intention…
- Thailand News
Chinese foreign minister calls for ASEAN regional cooperation
During a meeting between the Thai and Chinese foreign ministers to discuss the consultation mechanisms between the two nations, Chinese Foreign Minister Wang Yi emphasised the importance of upholding the ASEAN-centered East Asian regional cooperation framework and rejecting exclusive small circles. Wang and Thai Foreign Minister Maris Sangiampongsa co-chaired the second meeting between the foreign ministers. This two-day visit marked…
- Business News
Philippines ranks in top 10 for coal power reliance
The Philippines has emerged among the world’s top ten economies most reliant on coal-fired power, surpassing Indonesia and China. Data from energy think tank Ember highlights the country’s growing challenges in achieving its green energy objectives. In 2023, the Philippines saw its coal share in electricity generation increase for the 15th consecutive year. This rise comes despite the nation’s goal…
- Thailand News
Thailand and Singapore bolster regional stability through civil ties
Singapore and Thailand’s foreign ministers affirmed that enhanced civil service collaboration will deepen bilateral ties and contribute to regional development. Speaking at the 14th Civil Service Exchange Programme (CSEP), co-hosted by the Thai and Singaporean foreign affairs ministries, officials highlighted the importance of sharing knowledge and best practices among civil service officers from both nations. The ministers emphasised that such…
- Thailand News
Laos considers Thailand’s proposal for ASEAN troika meetings
The Foreign Affairs Ministry spokesperson, Nikorndej Balankura, confirmed that Laos has received and is considering Thailand’s proposal for ASEAN Troika and Troika plus meetings, which aim to alleviate the ongoing crisis in Myanmar. The proposal is Thailand’s attempt to engage with Myanmar’s military junta to resolve the situation while simultaneously advocating for humanitarian aid and peace. Thailand put forth this…
- Thailand News
Thailand proposes ASEAN Troika to mediate Myanmar crisis
Thailand has proposed a collaboration between three or more ASEAN member nations to engage with Myanmar’s military junta, to mitigate the crisis and restore peace in the conflict-stricken country. The nation maintained its commitment to extend humanitarian assistance and foster peace amid the turmoil. Nikorndej Balankura, spokesman for the Foreign Affairs Ministry, announced yesterday that Thailand, through Laos, the current…
- Thailand News
PM highlights enhanced ASEAN connectivity for regional growth
Prime Minister Srettha Thavisin affirmed yesterday the critical role of enhanced ASEAN connectivity in unlocking the region’s full potential and boosting its collective competitiveness. The 62 year old Thai PM revealed this perspective during a virtual gathering for the ASEAN Future Forum 2024, which focused on the theme Towards Fast and Sustainable Growth of a People-Centred ASEAN Community. “Our emphasis…
- Business News
Charged up: Thai finance chief sparks debate on EV development
Thailand’s finance permanent secretary stressed the need for the country to continue developing its electric vehicle (EV) sector, despite concerns about the arrival of the Chinese EV supply chain in the local automobile industry. Lavaron Sangsnit warned that without active policies to encourage EVs, Thailand may be overlooked as a locale for factory establishment due to the lack of essential…
- Thailand News
Thai defence ministry to downsize military
The Thai Ministry of Defence outlined a comprehensive plan to downsize service personnel by approximately 700 individuals within the next three years. This strategic move aims to restructure the military and is expected to result in savings of up to 34 million baht. Defence Minister Sutin Klungsang confirmed these details after a Defence Council meeting last Thursday. The initial phase…
- Thailand News
Bangkok’s Suvarnabhumi soars to seventh heaven in luxury airport rankings
Travel magazine and website Travel + Leisure ranked Suvarnabhumi International Airport in Bangkok as the seventh place most luxurious airport in the world. It was also rated second in the Association of Southeast Asian Nations (ASEAN). Financial information and research website Business Financing recently launched the best and worst airports in the world ranking in February this year. In the…
- Business News
Thai PM invites Aussie firms to invest in clean energy
During the 2024 ASEAN-Australia Special Summit, Srettha Thavisin, the Prime Minister of Thailand, extended an invitation to prominent Australian companies to invest in Thailand’s electric vehicle (EV) battery, clean energy, and transport logistics sectors. The summit, which marks five decades of Australia’s partnership with ASEAN, is being held in Melbourne, Australia. PM Srettha used this opportunity to meet with his…
- Business News
Thai processed sugar exports to China surge due to ACFTA
Thai exports to China, particularly those of processed sugar items including syrup, artificial honey, and various sweeteners, have seen a significant surge, courtesy of the ASEAN-China Free Trade Agreement (ACFTA). Over the past decade, Thailand has witnessed a yearly growth of 145% in processed sugar exports to China, as reported by the Foreign Trade Department. Ronnarong Phoolpipat, the director-general of…
- Thailand News
Thailand takes lead in Myanmar crisis: Calls for active role in finding peaceful solution
Thailand’s plan to provide humanitarian aid to displaced persons within Myanmar has earned praise from the chairman of the House Committee on Foreign Affairs, Noppadon Pattama. Speaking exclusively to Thai PBS World, Noppadon emphasised the urgency for the current Srettha Thavisin government to step up its efforts in resolving the conflict in Myanmar. Dubbing it a good starting point, Noppadon…
- Tourism News
Thailand tops ASEAN for international tourist arrivals
Thailand emerges as the top destination for international tourists in the ASEAN region, as revealed by Sudawan Wangsuphakitgosol, the Minister of Tourism and Sports, during the 27th ASEAN Tourism Forum (ATF 2024) in Vientiane, Lao People’s Democratic Republic. The forum’s theme, Quality and Responsible Tourism – Sustaining ASEAN Future, reflected a collective intent among ASEAN tourism ministers to restore and…
- Thailand News
Tourism minister presents six proposals to boost ASEAN relations
The Minister of Tourism and Sports received the Cabinet‘s approval for six proposals set to revolutionise ASEAN tourism. The Cabinet’s green light paves the way for Minister Sudawan Wangsuphakijkosol to champion regional partnerships at the 27th Meeting of ASEAN Tourism Ministers in Vientiane, Laos. In an exclusive statement on January 23, Minister Sudawan disclosed the approved documents, each designed to…
- Thailand News
Thailand aims to become Asian aviation hub, says Thai PM
Prime Minister Srettha Thavisin outlined plans to transform Thailand into an Asian aviation hub. The announcement was made during his keynote speech at the Thailand 2024 The Great Challenges event. He highlighted the government’s focus on tourism and the introduction of several measures to boost the industry, including reciprocal visa exemption programmes. A reciprocal visa exemption deal will be signed…
- Business News
Thai government insists on land bridge project amidst criticism, seeks international investors
Despite facing criticism, the Thai government remains determined to proceed with its Land Bridge project, inviting foreign investors and prioritising environmental implications, especially in headwater regions. Government spokesperson Chai Wacharonke, addressing a mobile Cabinet meeting in Ranong, confirmed the government’s intent to engage foreign investors post the project’s promotion by Prime Minister Srettha Thavisin at three international events. These included…
- Thailand News
Thai PM pushes for minimum wage raise
Prime Minister Srettha Thavisin declared yesterday that Thailand must abandon its reliance on low labour costs to entice foreign investments, pushing for a raise in the country’s minimum wage. Addressing a panel discussion titled Learning from ASEAN at the World Economic Forum in Davos, PM Srettha emphasised a paradigm shift in priorities. “Low labour cost should not be the attracting…
- Business News
Southeast Asian nations ramp up efforts to boost upstream oil industry
Southeast Asian nations are intensifying their efforts to boost the upstream oil industry, with Malaysia, Indonesia, Vietnam, and Thailand vying for investment from both domestic and international entities, as revealed by a study from BMI, a Fitch Solutions company. In 2022, Malaysia received foreign investment of 287 million ringgit (US$61.7 billion), equivalent to 47% of the nation’s overall investment, in…
