{
}
Japanese automakers are facing significant challenges in Southeast Asia as Chinese brands gain market share, particularly in the electric vehicle sector. Despite a long-standing dominance, Japanese companies like Toyota and Nissan are losing ground due to their slow transition to electric models, with sales dropping sharply across the region. In response, they are investing billions to adapt their production for electric vehicles, but the competition from affordable Chinese EVs poses a serious threat to their market position.
Thai Airways International Pcl plans to raise up to 44 billion baht ($1.27 billion) through a rights offering, marking a crucial step to exit its court-supervised debt restructuring. The airline has set the share price for its 9.82 billion new shares at 4.48 baht, allowing existing shareholders to purchase 4.5 new shares each.
Asian markets are bracing for pressure as President-elect Donald Trump plans to impose trade tariffs on Mexico, Canada, and increase levies on China. Analysts predict that Asian currencies, particularly the Korean won and Thai baht, will underperform, while stocks in China, Mexico, and Canada, especially those reliant on US exports, are expected to decline.
Budgeted salary increases across Southeast Asia for 2025 are projected to rise compared to 2024, with technology and manufacturing sectors leading at 5.8%. However, Singapore and Thailand are expected to lag behind the region, with increases of 4.4% and 4.7%, respectively, due to lower economic growth and inflation rates. The demand for skilled talent continues to drive these increases amid a competitive labor market.
Thai hospital tycoon Boon Vanasin, accused of defrauding investors of 7.5 billion baht ($217 million) through fake medical projects, has fled to China, leading to an arrest warrant issued by police. Since December, authorities have received around 520 complaints from approximately 247 victims who were misled into investing in medical ventures across Thailand, Laos, and Vietnam.
Thailand"s economy could face a $4.6 billion setback if President-elect Donald Trump implements his proposed tariff increases on US imports. This could hinder the country"s export performance and weaken its currency, potentially reducing GDP growth by 90 basis points from the projected 3% next year, according to a study by the University of the Thai Chamber of Commerce.
EHang"s EH216-S has successfully conducted its first pilot-free test flights in Bangkok, marking a significant step in Thailand"s urban air mobility (UAM) initiative. With plans for further tests in Phuket and Koh Samui by 2025, EHang aims to establish a model for regular UAM operations in Southeast Asia, supported by local partnerships and recent investments. The company is also advancing solid-state battery technology, positioning itself as a potential leader in the electric air taxi market.
Master Style Public Company Limited is partnering with Indonesia"s Lumeo Health to enhance its position as Southeast Asia"s leading cosmetic surgery provider. This collaboration aims to expand market presence and meet the growing demand for beauty procedures, particularly among younger generations in the region. With over 90 service points in Thailand, MASTER is committed to integrating advanced medical techniques and strengthening its network to drive growth in medical tourism and cosmetic surgery.
MASTER, a leading cosmetic surgery provider in Southeast Asia, is evolving into a regional company through partnerships, including a recent MOU with Jakarta's Lumeo Health, which specializes in cosmetic surgery and medical tourism. With over 90 service points in Thailand, MASTER aims to enhance its offerings and customer satisfaction for both domestic and international clients. Dr. Queencha Chaidy of Lumeo Health expressed optimism that this collaboration will significantly advance the cosmetic surgery sector and foster regional growth.
Thailand is set to legalize casinos next year to attract foreign investments and increase tax revenue, marking a significant opportunity for global operators. The government plans to pass an "entertainment complex" bill in 2025, allowing casinos to operate within large venues, according to Prime Minister Paetongtarn Shinawatra’s Secretary-General.
Thai Baht
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
chinese electric vehicles challenge japanese dominance in southeast asian markets
Thai Baht
Japanese Yen
United States Dollar
Chinese Yuan
Indonesian Rupiah
Toyota Motor Corp
Honda Motor Co., Ltd.
Nissan Motor Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd.
BYD
Great Wall Motor Co Ltd
SAIC MOTOR
GAC Aion
Guangzhou Automobile Group Co., Ltd.
Suzuki Motor Corp
IDN
THA
MYS
SGP
CHN
USA
Huang Yongjie
Tatsuo Yoshida
Srettha Thavisin
Show more
02:47 02.12.2024
thai airways plans 1.27 billion rights offering to exit debt restructuring
03:08 27.11.2024
asian currencies and stocks face pressure from trump trade tariffs
Thai Baht
Mexican Peso
South Korean Won
Canadian Dollar
Chinese Yuan
Apple Inc.
Samsung
CHN
Donald Trump
05:24 26.11.2024
utheast asia salary increases projected for 2025 with singapore lagging behind
Thai Baht
United States Dollar
Indonesian Rupiah
Malaysian Ringgit
Singapore Dollar
Aon
SGP
VNM
PHL
MYS
IDN
THA
Rahul Chawlani
Show more
00:47 25.11.2024
Thai hospital tycoon flees to China amid fraud allegations and investor losses
05:59 24.11.2024
thai economy faces 4.6 billion loss from potential trump tariffs
United States Dollar
Thai Baht
University of the Thai Chamber of Commerce
THA
Thanavath Phonvichai
Donald Trump
07:46 20.11.2024
EHang conducts first pilot-free air taxi test flights in Thailand
01:29 19.11.2024
master partners with lumeo health to lead southeast asian cosmetic surgery market
Thai Baht
Master Style Public Company Limited
Lumeo Health
THA
KHM
IDN
LAO
Raweewat Maschamadol
Queencha Chaidy
Lapasrada Lertpanurot
Show more
10:37 18.11.2024
master partners with lumeo health to enhance cosmetic surgery in southeast asia
Thai Baht
Indonesian Rupiah
Lumeo Health
Master Style Public Company Limited
IDN
THA
Lapasrada Lertpanurot
Queencha Chaidy
07:16 18.11.2024
thailand plans to legalize casinos to boost tourism and investment
07:26 15.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
CEO Changes
Retail and Consumer Goods
Government Policies
Workplace Trends
Elections & Campaigns
Market Analysis and Predictions
Central Bank Actions
Global Trade Developments
Startups & Entrepreneurship
Hedge Funds & Private Equity
Banking & Investment Regulations
Corporate Social Responsibility
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Credit Suisse Strategic Income I
Apple Inc.
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Amundi S.A.
Commerzbank AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Singapore Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
Qatari Riyal
South African Rand
People: