Business

Trump bans transactions with 8 Chinese apps including Alipay

By Reuters and published by VOA News Washington: US President Donald Trump on Tuesday (Jan. 5) signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay, the White House said, escalating tensions with Beijing before President-elect Joe Biden takes office this month. The order, first reported by Reuters, tasks the

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Business

CP Group company acquires 15% stake in China’s Sinovak

HONG KONG-listed Sino Biopharmaceutical, controlled by Charoen Pokphan Group, is investing $515 million (15.4 billion baht) in Sinovak Life Sciences, a company that produces coronavirus vaccine under the brand “Coronavak,” Sanook.com quoted Japanese Nikkei news agency as saying today (Jan. 5). This investment will give Sino Biopharmaceutical a 15% stake in the Chinese firm which

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Business

China’s tariffs slam door shut on Australian wine’s biggest export market

By Michelle Toh, CNN Business Hong Kong: Australia’s winemakers are scrambling to find new buyers around the world after China imposed hefty tariffs on the industry, effectively cutting it off from its most important export market. Beijing’s decision last week to impose tariffs of up to 212% on Australian wine imports has endangered business with

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Business

New scheme allows using credit card points to invest in mutual funds

THE Stock Exchange of Thailand (SET) unveiled its “Point to Invest” project whereby investors can use their credit card points to invest in mutual funds with this increasing opportunities to create wealth, Thai Rath newspaper reported today (Nov. 15, 2020). Dr. Pakorn Peetathawatchai, SET’s president, said making investment easily accessible to the general public as

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Business

Arkhom appointed new finance minister

THE Royal Gazette today (Oct. 5) announced His Majesty the King’s royal command appointing Arkhom Termpittayapaisith the new finance minister. This appointment by His Majesty the King, with the royal command dated October 1, 2020, was made by virtue of Section 158 of the Constitution. Arkhom, born on July 25, 1956, is a Thai civil

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Anger over Thai hotel’s ‘appropriation of Cambodian culture’

CAMBODIAN social media was awash with criticism of a Thai hotel that built buildings resembling Angkor Wat and other Cambodian landmarks accusing the owners of “cultural appropriation,” Thai Rath newspaper reported today (Oct. 4, 2020). Quoting Khmer Times newspaper, the mass-circulation Thai daily said that many Cambodians had expressed their displeasure at the hotel on

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