{
}
Thailand's central bank governor, Sethaput Suthiwartnarueput, indicated that further interest rate cuts are unlikely, emphasizing a high threshold for additional adjustments following last week's reduction. He cited slowing credit growth as a key reason for the recent rate cut, while defending the current inflation target amid government pressure for policy easing.
Thailand's central bank recently cut interest rates, which Governor Sethaput Suthiwartnarueput described as a "recalibration" rather than the start of an easing cycle. He emphasized that the decision was made in response to tightened financial conditions in the country.
The US plans to intensify restrictions on Russian liquefied natural gas (LNG) exports to undermine funding for its war in Ukraine, according to a senior State Department official. While sanctions have targeted the Arctic LNG 2 facility, other plants like Yamal and Portovaya remain unaffected, allowing continued shipments to Europe and Asia. The Biden administration is closely monitoring Russian cargoes and is committed to further tightening measures against LNG exports.
The US is engaging in discussions with several Southeast Asian countries, including the Philippines, Singapore, and Thailand, about the deployment of small modular nuclear reactors (SMRs). This initiative reflects a growing global interest in low-carbon energy solutions, as highlighted by Andrew Light, assistant secretary of energy for international affairs, during the Singapore International Energy Week conference.
Nvidia Corp. is set to announce its investment plans for Thailand during CEO Jensen Huang's visit to Bangkok in December, as the country emerges as a key location for AI data centers and component manufacturing in Southeast Asia. Thailand's Commerce Minister, Pichai Naripthaphan, confirmed the upcoming investment but did not disclose specific details or the amount.
The global shadow banking market is projected to grow from USD 72 billion in 2024 to USD 120 billion by 2032, reflecting a CAGR of 6.5%. Key players include BlackRock, JPMorgan Chase, and Deutsche Bank, with Europe dominating the market and Asia-Pacific emerging as the fastest-growing region. Shadow banking, which encompasses non-bank financial intermediaries, offers credit and liquidity outside traditional banking systems, presenting both opportunities and risks due to its regulatory environment.
The global 5G in healthcare market is projected to grow from USD 4.90 billion in 2023 to USD 59.90 billion by 2031, driven by advancements in telehealth, robotic surgery, and IoT technologies. North America leads the market, with significant contributions from connected ambulances and healthcare providers, fueled by increasing demand for efficient data transfer and government initiatives. The sector is witnessing rapid innovation, enhancing patient care and operational efficiency.
Thailand’s Securities and Exchange Commission (SEC) is set to allow mutual and private funds to invest in digital assets, following the U.S. SEC's approval of spot Bitcoin ETFs. A public consultation on new regulations is underway, aiming for implementation by January 1, 2025. Funds can invest in investment tokens and crypto assets, with specific limits based on investor sophistication. Notably, UI Funds can invest without limits, while retail funds face stricter caps, including a 10% limit on single entity issuers and a 5% limit on non-listed digital assets. Compliance with disclosure and investor protection measures will be mandatory.
GITEX GLOBAL's DIGI_HEALTH 5.0 in Dubai showcased transformative digital health innovations, including AI-driven solutions and smart contact lenses, highlighting the UAE's commitment to advancing its digital health ecosystem. Industry leaders discussed AI's role in enhancing patient care, with significant advancements in robotics, genomics, and remote monitoring technologies. The event also announced plans for a future expo-summit in Thailand, aimed at addressing the growing demands of the digital health industry in Asia.
Three consortiums awarded virtual bank licenses are expected to invest up to 5.7 billion baht within a year to develop digital platforms, with operations commencing by mid-2026. Each consortium is projected to spend 1-1.9 billion baht on IT systems and related assets, while ongoing capital expenditure will be necessary for system maintenance and product enhancements. Key beneficiaries of this investment include Bluebik Group and Beryl 8 Plus, which specialize in tech services for the banking sector.
THA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Thai central bank governor signals cautious approach to future rate cuts
01:27 23.10.2024
thai central bank governor clarifies recent rate cut is not easing cycle
16:06 22.10.2024
US intensifies efforts to restrict Russian LNG exports amid Ukraine conflict
Euro
United States Dollar
Woodside Energy Group Ltd
USA
THA
RUS
Haslinda Amin
Geoffrey Pyatt
Show more
10:03 22.10.2024
us explores deployment of small nuclear reactors in southeast asia
09:04 22.10.2024
nvidia plans investment in thailand to boost ai data centers
United States Dollar
Alphabet Inc.
Microsoft Corporation
NVIDIA Corporation
THA
Jensen Huang
Pichai Naripthaphan
Show more
08:57 22.10.2024
shadow banking market poised for significant growth through 2032
United States Dollar
Euro
Cargill-IEC LLC
Deutsche Bank Aktiengesellschaft
UBS SA
HKG
JPN
SGP
KOR
IDN
VNM
PHL
THA
IND
TWN
AUS
MYS
CHN
UBS
Akash
Deutsche Bank
Cargill
Nidhi Bhawsar
Show more
15:30 21.10.2024
5G technology revolutionizes healthcare market with rapid growth and innovation
United States Dollar
Chinese Yuan
Euro
Canadian Dollar
NEC Corporation
Verizon Communications Inc.
Cisco Systems, Inc.
AT&T Inc.
SK Telecom Co., Ltd.
THA
JPN
USA
DEU
CHN
Donald Trump
Joe Biden
Huawei Technologies
Show more
09:00 21.10.2024
Thailand SEC to Allow Digital Asset Investments by Mutual Funds and Private Funds
02:00 20.10.2024
groundbreaking digital health innovations showcased at gitex global in dubai
United States Dollar
Microsoft Corporation
Samsung
Lenovo
Hoffmann-La Roche AG
Sanofi
THA
ARE
DEU
KOR
Denis Ledenkof
Aneesh Singhal
Xpanceo
Alex Aliper
Jong-Soo Choi
Show more
09:57 17.10.2024
virtual banks set to invest 5.7 billion baht by mid 2026
Thai Baht
Sea Group
Advanced Info Service Public Company Limited
PTT Oil and Retail Business Public Company Limited
Bangkok Bank Public Company Limited
Krungthai Bank Public Company Ltd. Kunming Branch
CHN
KOR
THA
Wasu Mattanapotchanart
Chatachaval Jiravanon
Show more
01:40 17.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Supply Chain Management
Global Trade Developments
Retail and Consumer Goods
Private Equity Deals
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Emerging Startups
Consumer Protection Regulations
Energy Sector Developments
Funding Rounds & Investments
Fintech Startups
Venture Capital Investments
AI Innovations
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
JD.com, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Boeing Co
Salesforce, Inc.
Foxconn Technology Co., Ltd.
HP Inc.
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Offshore Chinese Yuan
Indonesian Rupiah
Saudi Riyal
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Tim Cook
Mark Zuckerberg
Haider Ali Khan
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Ray Dalio
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
Ayman Hamdan
He Xiaopeng
Abdel Fattah El-Sisi
Bisrat Degefa
Howard Lutnick