Brexit
- World News
UK exports to Japan slump after ‘landmark’ free trade deal
UK exports to Japan have slumped after a “landmark” free-trade deal exacerbated an already awful situation. Sold as Britain’s first major free-trade agreement since Brexit, the deal with Japan has been an abject failure. Trade between Britain and Japan has actually declined since the deal was signed. Trade secretary at the time, Liz Truss – then still believed by some…
- Thailand News
Thailand signs trade agreement with EU, same tax rates as before Brexit
Under a new agreement with the European Union, Thailand can export to the trade bloc under the same tax rates and trade privileges from before Brexit. After the UK left the trade bloc on January 1, the tariff rate quota deal between Thailand and the EU was renegotiated. The agreement goes into effect next month. The recent agreement only covers…
- World News
Britain to apply for membership with Asia Pacific free trading bloc
In the wake of Britain’s Brexit and separation from the EU trading bloc, the UK is now applying to become part of the free trade bloc made up of 11 Asia and Pacific nations. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership also includes Australia, Canada, Japan and New Zealand, a potential market population of around 500 million. The countries generate more…
- Politics News
UK heads towards Brexit and Thailand ponders an FTA with Britain
Thailand is pondering the possibilities of creating a free trade agreement with the UK after British PM Boris Johnson’s historic victory in the UK election last week, which is expected to pave the way for the passage of the ‘Brexit’ separation form the EU soon. The UK will then have to make separate agreements with each individual country. Traditionally these…
- World News
Brexit latest – Five possible scenarios
by Alice Ritchie and Joe Jackson Britain’s three year Brexit saga, the UK’s most challenging and debilitating political debacle in decades, has taken another dramatic twist with the outcome still difficult to predict. In a landmark vote, MPs finally backed an EU divorce deal – only moments later rejecting British PM Boris Johnson’s rushed timetable to turn it into law ahead…
- Economy News
Local investor sentiment dampened by Brexit woes and slump in Chinese economy
The British pound fell today as investors fret over PM Boris Johnson’s chances of pushing his Brexit deal through the British parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades. The pound rallied almost to US$1.30 yesterday following news that negotiators had hammered out an agreement that would…
- World News
EU and UK zone in on possible breakthrough
“Even if a text is prepared for the leaders this week, any deal would have to be approved by a skeptical British parliament, which holds a special session on Saturday.” by Dave Clark British and European negotiators headed back into intense negotiations on a draft Brexit deal after late-night talks brought them closer but so far fails to confirm an…
- Economy News
Asian markets stumble over trade concerns, Brexit sentiment sinks pound
Asian markets fell after hefty losses in New York yesterday, owing to growing China-US tensions in the next round of trade talks, while the British pound continues to be beaten down by fears the UK is on the verge of crashing out of the EU. The downbeat mood comes as investors fret over signs the global economy is slowing down.…
- World News
Time to re-submit Brexit plan – EU to UK
“As they stand, “the UK proposals do not provide a basis for concluding an agreement,” a European Commission spokeswoman underlined Friday.” by Marc Burleigh British PM Boris Johnson has been on the phone to EU leaders yesterday to sell his proposals for a managed Brexit. But he says he is hitting a wall of pressure to revise his offer, and…
- World News
Brexit dampens British housing market
“In London, property values dropped by 4% in the first quarter from their level earlier this year, the sharpest drop since 2009 when the global financial crisis was raging.” by Véronique Dupont As Britain’s deadline to leave the EU approaches, property prices have slowed or dropped, especially in London, with sector analysts warning of worse to come if Britain crashes…
- Opinion
OPINION: It’s time to go – Brexit
by Gill Parker (The opinions expressed in this article do not necessarily reflect the opinion of the owners, staff or management of The Thaiger) Adios, Au revior, Auf wiedersehen, Ha dee and Addio Europe. Breaking up is hard to do but we’re outta here. Enough is enough. The British people voted to leave the European Union and that’s that. You can argue…
- Tourism News
Thomas Cook demise will affect British tourism to Thailand for the rest of 2019
“British tourists have contribute between 900,000 – 1,000,000 tourists to Thailand annually for the past seven years.” The failure of the British Thomas Cook travel business will cut the numbers of arrivals from Britain to Thailand for the remainder of this year. Yuthasak Supasorn, governor of the Tourism Authority of Thailand says they are also assessing a drop in northern-European…
- Opinion
OPINION: Well, here’s another nice mess you’ve gotten me into – Brexit
OPINION: David Skelcey, Thailand (The opinions expressed in this article do not necessarily reflect the opinion of the owners, staff or management of The Thaiger) Whether you are British or not, it will be hard to escape yesterday’s news that British Prime Minister Johnson has been dealt a massive blow by the UK’s highest court over his decision to suspend parliament. The…
- World News
British PM accepts ruling from Supreme Court but what does it mean?
PHOTO: Mr. Johnson just before speaking about today’s Supreme Court ruling, from New York – Getty “In constitutional terms, it means that the court’s powers to allow parliament to have its say are stronger than an order issued by Queen Elizabeth II.” by Dario Thurburn The British PM Boris Johnson says he disagrees with, but will respect the Supreme Court…
- Travel
UPDATE: Thomas Cook financial collapse
“These insolvency proceedings do not involve the continental and Nordic businesses.” The UK Thomas Cook businesses are now under the control of the official receiver who has appointed AlixPartners and KPMG as special managers to oversee the liquidation, and in the case of AlixPartners, to work with the business to assist the UK Civil Aviation Authority on repatriation of existing…
- World News
Pound lifted by British PM’s latest defeat, Asian equities struggle
The British pound bounced today after UK PM Boris Johnson again failed to get MPs to back a snap election, while Asian equities drifted as investors await a key European Central Bank meeting and developments in the China-US trade talks. Just before Westminster lawmakers broke up for five weeks they inflicted yet another defeat on the new PM, who has…
- World News
Non! French say no to a Brexit extension beyond October 31
French Foreign Minister Jean-Yves Le Drian says the French government has rejected any further delays to Britain’s exit from the EU, now scheduled for October 31. He acknowledged that the issue is now clouded by the political turmoil in London. The past week of turmoil in the British parliament has forced MPs to cross the floor and bring about three…
- Economy News
Asian stock markets mostly rise on positive news
“China announced it would resume trade talks with the US in Washington next month.” Most Asian equities and currencies rallied today, building on the previous day’s advance as investors were cheered by a number of positive developments on trade, Hong Kong and Europe. Markets were already on an upward trajectory after the leader of Hong Kong withdrew a controversial extradition…
- World News
British passports have removed the words ‘European Union’
Britain has now begun issuing passports with the words “European Union” removed from the front cover. It’s a pre-emptive move, even though the contentious Brexit is currently delayed and no clear date has been set when Britain will leave the bloc. The Home Office has confirmed that some passports introduced after March 30 no longer include references to the EU.…
- Business News
Thai businesses feeling pinch from china-US trade wars
Since the US China trade war kicked off in the middle of 2018, Thai businesses have begun to feel the pinch as indicated by a small downward trend in Thai export numbers. In the short run, some Thai export items may benefit from trade diversion as US and Chinese importers shifted to certain Thai products to avoid punitive tariffs. However, indirect…
- Business News
Thailand ‘slightly impacted’ from a no deal Brexit
The EU has agreed to postpone Brexit from next Friday and give UK PM Theresa May time to get her deal approved in Parliament. The PM had hoped to persuade the EU to delay the March 29 Brexit date, set in law, to June 30. But the EU country leaders have offered her two dates… A delay until May 22…