Southeast Asia
- Business News
Thailand ranks in top three for Southeast Asia IPOs
Thailand has emerged as one of the top three initial public offering (IPO) markets in Southeast Asia, securing 26% of the total fundraising in the region. This achievement reflects a robust pipeline of IPOs, particularly in the consumer, healthcare, and real estate sectors, according to global consultancy Deloitte. As of yesterday, November 19, Thailand conducted 29 IPOs in the year,…
- Thailand News
JAS kicks off a ‘goal’den era with EPL and FA Cup rights
Jasmine International Public Company Limited (JAS) has struck gold, scoring exclusive broadcast rights for Premier League and FA Cup football matches across Internet and digital TV platforms in Thailand, Laos, and Cambodia. The broadcasting deal, valued at a staggering US$559.98 million (around 19,000 million baht), spans three seasons starting from the 2025/26 Premier League season, with an option to extend…
- Business News
Thailand to boost trade ties with South Asian nations
Thailand is setting its sights on strengthening ties with South Asian countries to enhance trade in food, energy, and human security sectors across the Southeast region. Foreign Affairs Minister Maris Sangiampongsa, during his visit to India, discussed these ambitions following a meeting with Thai ambassadors and consuls stationed in South Asia. Maris highlighted South Asia’s strategic significance, noting that the…
- Business News
Thailand leads Southeast Asia in agricultural exports, 8th globally
Thailand emerged as the largest exporter of agricultural products in Southeast Asia and the eighth-largest globally, thanks to its free trade agreements (FTAs). The Trade Negotiations Department highlighted this achievement, with the Director-General, Chotima Iemsawasdikul, attributing the success to these agreements despite growing foreign competition and global economic uncertainties. Thailand’s agricultural export value reached US$19.8 billion (638 billion baht) in…
- Business News
Thailand levels up: Set to be Southeast Asia’s e-sports epicentre
Thailand is poised to become a leading e-sports hub in Southeast Asia, according to Riot Games, a US-based game developer. Riot Games Thailand Manager Jon Lor emphasised the strong foundation already present in the Thai gaming community. “From my perspective, it’s about building on the strong foundation we already have. We’ve seen incredible enthusiasm from the Thai gaming community, and…
- Thailand News
Byte-sized shopping: TikTok dances into ASEAN e-commerce scene
TikTok, the social media phenomenon owned by ByteDance, is now a formidable force in e-commerce. According to a recent report by Momentum Works, published in Nikkei Asia, TikTok Shop’s gross merchandise volume (GMV) soared from US$4.4 billion (around 158 billion baht) in 2022 to a staggering US$16.3 billion in 2023. This explosive growth has catapulted TikTok to second place in…
- Thailand News
Pattaya to become Southeast Asia’s premier destination
Pattaya, known for its bustling nightlife, is apparently trying to shed its old skin and emerge as a beacon of transformation in Southeast Asia. Recent years have witnessed a remarkable overhaul aimed at elevating visitor experiences and community living standards. Key infrastructure upgrades are at the heart of this makeover. Underground installations of electrical and communication cables, revamped road surfaces,…
- Thailand News
Southeast Asia leads in anti-corruption initiatives with public support
Southeast Asia has emerged as a leading example of public initiatives tackling corruption, as highlighted by legal experts and academics at the Anti-Corruption Innovations in Southeast Asia conference recently held in Bangkok. The conference, which took place on June 7, aimed to share perspectives on innovative strategies to promote integrity and good governance across the region. Experts underscored the importance…
- Business News
Southeast Asia lags in green investments
Southeast Asia is significantly lagging in green investments aimed at reducing emissions, according to a report by Bain & Company, a global consultancy. The region’s energy consumption is projected to increase by 40% within this decade, leading to a continued rise in carbon dioxide emissions due to its heavy reliance on fossil fuels. The report, produced in collaboration with green…
- Thailand News
Southeast Asia sees 130% growth in YouTube Shorts daily views
A significant increase in daily views for YouTube Shorts has been observed in Southeast Asia, with a growth of over 130% in the year ending July 2023, according to Niharika Kapoor, the Asia-Pacific head for Shorts scaled partnerships. This format, which limits videos to a maximum of 60 seconds, has been instrumental in attracting new creators to the global YouTube…
- Business News
Hong Kong bolsters business links with SE Asia and Middle East
Hong Kong is set to intensify its business ties with Southeast Asian and Middle Eastern nations, as part of its contribution to China’s Belt and Road Initiative. Nicholas Ho Lik-chi, the Commissioner for Belt and Road, has identified Malaysia, Thailand, Indonesia, Vietnam, the United Arab Emirates and Saudi Arabia as key cooperation partners for the year ahead. Ho Lik-chi oversees…
- Business News
Rice production crisis forecast: Dry woes, dwindling waters, and El Nino brew trouble
Asian rice production during the off-season is predicted to suffer due to a blend of unfavourable weather conditions including dry planting, dwindling reservoirs and ongoing El Nino weather patterns. These issues are due to reduce the early 2024 yields, further squeezing supplies and potentially causing a rise in food inflation. Both India, the world’s largest rice exporter and Thailand, the…
- Business News
YouTrip sets sights on Southeast Asian expansion
Southeast Asian fintech giant YouTrip is gearing up for regional expansion, backed by a successful funding round that raised US$50 million (1.84 billion baht). The round witnessed participation from new investors, including global venture capital firm Lightspeed. This Singapore-based multi-currency digital payments platform has managed to amass over US$100 million (3.68 billion baht) in funding since its inception. The newly…
- Business News
Thai leadership insights: Decade-long study proves remarkably accurate
A decade-long research study on Thai leadership, conducted by an executive and Professor Bruce McKenzie, demonstrated remarkable accuracy. This study, based on global data and insights from diverse Thai groups, offered a comprehensive perspective on leadership. Over the past dynamic decade, predictions by Thai contributors have proven highly accurate, leading to the emergence of six key leadership approaches. These encompass…
- Business News
Grain gain: Thailand’s rice exports sprout an impressive 12% surge
The Commerce Ministry reported a significant increase in Thailand’s rice exports. Data reveals an 11.91% rise in exports from January to August 29, compared to the same duration last year. During this period, Thailand managed to export a hefty 5.29 million metric tonnes of rice. Despite the impressive rice export figures, the agricultural sector in Southeast Asia has been grappling…
- Business News
Cathay Pacific highlights Bangkok’s crucial role in aviation recovery
Southeast Asia, particularly Bangkok, is showing promising signs of growth in terms of flight traffic, according to Cathay Pacific, which has ranked the Thai capital as one of its stronger-performing flight routes. Post-Hong Kong’s reopening, Cathay has reported a steady ascent, keeping pace with global passenger traffic. One of the airline’s senior executives, Dominic Perret, highlighted Thailand as a key…
- World News
TikTok’s popularity shaping e-commerce’s future in Southeast Asia
In the feverish hive of activity within a Northeast Jakarta shophouse, a myriad of salespeople takes turns advertising products ranging from cosmetics and contact lenses to hair accessories. While one individual gives guidance on choosing optimum lipstick shades, another trumpets the most recent price drop in vitamin supplements. However, far from the chaotic scene of a bustling market, this is…
- Việt Nam
Restaurant owner ‘disguises’ beer in soup container to help customer evade wife’s disapproval
A restaurant delivery owner in Vietnam received an unusual request from a male customer, seeking a secretive way to enjoy a beer without his wife‘s knowledge. The owner devised a clever plan and shared the amusing story on social media. With soaring temperatures, it is natural for one to crave a cold beverage. However, when a husband wished to quench…
- Việt Nam
Vietnamese woman finds hidden lottery tickets during house cleaning, alerts police
A woman in Vietnam discovered hidden lottery tickets and money in her wardrobe and decided to alert the police. On May 30, a Vietnamese woman cleaning her house found many lottery tickets and money in a wardrobe. Suspecting her husband of faking a robbery, she decided to inform the police, who are now handling the case. The suspect, referred to…
- Business News
Southeast Asia and China top destinations for overseas business expansion in Asia
Southeast Asia and China are now the top choices for overseas expansion, with 83% of Asian businesses expressing interest in venturing abroad, as revealed in a recent report. The Business Outlook report, conducted by United Overseas Bank (UOB), surveyed over 4,000 small and medium-sized enterprises (SMEs) as well as large organisations in Asia. The study showed that over four out…
- World News
Brazilian teen faces death by firing squad for smuggling cocaine into Bali
Prosecutors demanded death by firing squad last week for a Brazilian teenager who was caught with 3 kilogrammes of cocaine in her luggage upon arrival in Bali, Indonesia, in January. According to Newsflash, prosecutors want to see 19 year old Manuela Vitoria de Araujo Farias executed by a firing squad for her crimes if found guilty, which is the maximum…
- World News
Tour helicopter crash near Vietnam’s Ha Long Bay kills 5
A helicopter carrying four tourists on a sightseeing trip crashed in the Ha Long Bay area of northeast Vietnam on Wednesday evening. The body of the fifth and final victim of the crash was found this morning. The Bell-505 helicopter took off from Tuan Chau Island at 4.56pm local time and lost contact with air traffic control at 5.15pm, crashing…
- World News
Thailand chips away at US trade deficit with 62% increase in chip market exports
The United States has been experiencing a growing deficit in its chipmaking trade with Asia, but the good news is that Thailand is helping to chip away at that gap. According to US Census data, US imports of chips grew 17% from last year to US$4.86 billion in February, with Asia accounting for 83% of that total. Over the past…
- Health
Discovering Mayongchid: The sweet and tangy Marian Plum
Mayongchid, also known as Marian plum or Plum mango, is a fruit that is native to Southeast Asia and is commonly found in countries such as Indonesia, Malaysia, and the Philippines. The fruit is similar in appearance to a small mango, with yellowish-green skin that turns slightly purple as it ripens. The flesh is yellow and juicy, with a sweet…
- World News
Cat slaughterhouse shut down in Vietnam, 197 cats saved (video)
An industrial-scale cat slaughterhouse in the Dong Thap province of Vietnam, capable of slaughtering up to 500 innocent cats a day, has ceased all operations following landmark intervention from the authorities. The slaughterhouse, which has been in business for more than a decade, has been subject to two police raids in recent weeks, during which its owners were found not…
- World News
Malaysia bans foreign male performers from cross-dressing on stage
Performing artists who are male and foreign are no longer allowed to “cross-dress” or dress up like women while performing in Malaysia, according to updated guidelines on live shows and concerts. The Central Agency for Application for Filming and Performing by Foreign Artistes (PUSPAL), under Malaysia’s Ministry of Communications and Digital, recently published some stricter rules regarding live performances by…
- World News
Thai baht and Singapore dollar battle for strongest regional currency
China is reopening its borders, pushing economists to predict that an influx of Chinese tourists to Thailand will propel the Thai baht into Southeast Asia’s reigning currency in 2023. But the baht has one regional competitor: the trusty Singapore dollar. Thailand’s economy heavily depends on tourism revenue. In 2019, Chinese tourists made up over 40% of the 40 million tourist…
- World News
Floods hit Malaysia hard, tens of thousands displaced
Floods are hitting Malaysia hard leaving tens of thousands of people displaced. As of last night, 45,000 victims had been evacuated to relief centres in five states in Malaysia’s peninsula. The state of Terengganu was hit the hardest, with 29,717 victims from 8,214 families evacuated. The district most impacted in Terengganu was Kemaman, with 8,375 victims from 2,109 families evacuated. There…
- Thailand News
Dengue fever in Thailand: How the zebra-striped mosquito wreaks havoc on residents
We have all heard that mosquitoes are the most dangerous creature to encounter. But, what kind of havoc does a tiny, zebra-striped mosquito in Thailand (and other sub-tropical areas) actually wreak on humans? Well, the answer is the widely-feared Dengue or DENV virus. As it comes in four lovely serotypes, the virus that is transmitted by the Aedes Aegypti mosquito…
- World News
Thailand teaches Indonesia how to legalise cannabis
Government officials from Indonesia – a country famous for having some of the strictest drug laws in the world – flew to Thailand to learn about the kingdom’s liberal medical cannabis policies this morning. News that old-fashioned Indonesia is considering legalising medical cannabis comes as quite a shock given that lawmakers in the country approved a Draconian law that bans…
