Thailand - bright spot in global gold market

Thailand - bright spot in global gold market

Demand for gold in Thailand is on the rise despite the global trends of record high prices, according to the latest report released by the World Gold Council (WGC) on August 13.
Malaysia loses 700 million USD due to online scams

Malaysia loses 700 million USD due to online scams

Malaysia lost a total of 3.18 billion RM (700 million USD) due to online scams that involved more than 95,800 victims between 2021 and April 2024, said Malaysian Digital Minister Gobind Singh Deo.
Thai banks introduce measures to cope with bad debts

Thai banks introduce measures to cope with bad debts

Thailand’s major financial institutions are preparing for a difficult second half of 2024, as a struggling economy and high household debt force banks to take a more conservative approach to lending.
Philippines eyes partnership with UAE on nuclear energy

Philippines eyes partnership with UAE on nuclear energy

Philippine President Ferdinand Marcos Jr. is seeking cooperation opportunities with the Emirates Nuclear Energy Corp. (ENEC) of the United Arab Emirates (UAE) in a bid to diversify the Southeast Asian country's energy sources.
RoK holds summer camp for Korean-Vietnamese multicultural families’ children

RoK holds summer camp for Korean-Vietnamese multicultural families’ children

The Ministry of Gender Equality and Family of the Republic of Korea (RoK) has announced that it is organising a summer camp from August 12-14 for children from Korean-Vietnamese multicultural families, who are living in Vietnam.
Laos to establish bullion bank

Laos to establish bullion bank

The Government of Laos, represented by the Ministry of Finance, has signed a shareholders’ agreement with PTL Holding Co., Ltd. to establish the Lao Bullion Bank as a reserve fund for the nation’s economic and financial system.
Thai government urged to tighten oversight on e-commerce

Thai government urged to tighten oversight on e-commerce

The government of Thailand is intensifying its oversight of foreign e-commerce platforms, with Prime Minister Srettha Thavisin instructing the Revenue Department and the Ministry of Digital Economy and Society to ensure that the Chinese online retailer Temu adheres to Thai laws and tax regulations.
Incheon International Airport expands operation to Vietnam

Incheon International Airport expands operation to Vietnam

The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam's new Long Thanh International Airport.
Malaysia unveils large-scale Semiconductor IC Design Park

Malaysia unveils large-scale Semiconductor IC Design Park

Malaysia needs to focus on developing its own semiconductor design capabilities, lessening dependence on imported chips moving forward, said Malaysian Economy Minister Rafizi Ramli at the launch ceremony of the country’s Semiconductor IC Design Park in Puchong on August 6.
Foreign investors predicted to focus more on ASEAN

Foreign investors predicted to focus more on ASEAN

Foreign direct investment (FDI) in ASEAN, including Thailand, will increase thanks to the global trend of relocating manufacturing bases amid heightened US-China trade tensions, according CIMB Thai (CIMBT).
Singapore launches market alliance to facilitate carbon credit trade

Singapore launches market alliance to facilitate carbon credit trade

The Singapore Carbon Market Alliance (SCMA) was launched recently, serving as a national platform that will help connect developers of carbon credit projects with potential buyers.
Singapore to revitalise stock market

Singapore to revitalise stock market

A newly-established review group with representatives from both the private and public sectors will propose measures to revitalise Singapore’s struggling stock market.
Thailand starts digital wallet scheme registration

Thailand starts digital wallet scheme registration

Thai citizens can register to receive a digital wallet with a value of 10,000 THB (approximately 282 USD) starting August 1 under a scheme announced by Prime Minister Srettha Thavisin's government.
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