Business
Thailand unaffected by U.S. restrictions on Huawei
The NBTC has confirmed that Thai people can still use current Huawei phones, though users may not be able to use some applications from the US on Huawei’s future phone models
The Secretary-General of the National Broadcasting and Telecommunications Commission (NBTC) disclosed today that Thailand has not been affected by the United States’ curbs on Huawei at this stage.
The NBTC has confirmed that Thai people can still use current Huawei phones, though users may not be able to use United States’ applications on Huawei’s future phone models.
NBTC Secretary General Thakorn Tanthasit says that the NBTC sought details of the situation from the United States Embassy in Thailand, and received a report that people in Thailand who use Huawei communication devices can continue to use them as usual.
However, the devices’ data update may be affected. Huawei devices on display in the phone market also function normally.
However, for devices to be produced in the future, there is a possibility that United States’ companies may not provide certain services.
Meaning users may not be able to use Google and Facebook on new Huawei models.
However, Thailand is only the United States’ watchlist and has not yet been placed on the blacklist which contains 40 countries, especially those that border the United States such as Canada and other countries in the region.
Source : http://thainews.prd.go.th/en/news/detail/TCATG190523112757405
U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm
NEW YORK/SHANGHAI (Reuters) – The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action.
The U.S. Commerce Department blocked Huawei Technologies Co Ltd from buying U.S. goods last week, saying the firm was involved in activities contrary to national security.
The move came amid an escalating dispute over trade practices between the United States and China. The two countries increased import tariffs on each other’s goods over the past two weeks after U.S. President Donald Trump said China had reneged on earlier commitments made during months of negotiations.
Business
Thailand aims to push its games and content industry
After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.
Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.
(more…)Investment
Thailand’s H1 Investment Applications rise 158% in combined value, BOI says
Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.
(more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...