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Thai investments overseas reach record $25 billion

According to data compiled by Bloomberg, the $25 billion is more than the combined purchases in the previous 12 years. It noted that Thailand’s overseas investment is now behind only Japan and China in the Asia-Pacific region.

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Pushing up the figure to a new record was Charoen Pokphand Group’s $9.4 billion purchase of the 15.57 per cent stake in China’s Ping An Insurance Group of China. The deal with HSBC Holdings was announced on Dec 5.

According to data compiled by Bloomberg, the $25 billion is more than the combined purchases in the previous 12 years.

It noted that Thailand’s overseas investment is now behind only Japan and China in the Asia-Pacific region.With billionaire Charoen Sirivadhanabhakdi attempting a $11.4 billion takeover of Singapore’s Fraser & Neave, Thai acquirers are now involved in two of the four largest cross- border deals by Asian companies this year.

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The overseas investment is deemed as a factor to help lessen the baht appreciation, in light of capital inflows from developed economies to emerging markets. Without outflows, the baht could have strengthened more. According to the Bank of Thailand’s data, the Thai baht is today 30.68 per US dollar.

via Thai overseas investment highest in Southeast Asia – The Nation.

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Tourism

The Bachelor Japan Season 4 showcases Thailand

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Bangkok, 2 December, 2021 – The Tourism Authority of Thailand (TAT) is pleased to report that Thailand features as the main location in the Japanese reality TV show ‘The Bachelor Japan Season 4’, of which the first episode aired on 25 November, 2021.

In cooperation with the TAT Tokyo Office, a film crew from Amazon Prime Japan and YD Creation Japan comprising 65 actors, production staff, technicians and others travelled to Thailand to shoot for the show in the spectacular Southern provinces of Phuket, Phang-Nga, and Krabi between April and June 2021.

A total of six out of the 10 60-minute episodes of ‘The Bachelor Japan Season 4’ were filmed in Thailand.

 Aside from the valuable promotional exposure the destination will receive in Japan, a key source market for visitors from the Asian region, the foreign production also generated much-needed income and employment opportunities in the local tourism and film-related sectors of the three chosen locations.

Phuket, Phang-Nga’ and Krabi were among the first destinations in Thailand to reopen to tourism under the Sandbox programme, and the TAT Tokyo Office has capitalised on the interest of foreign filmmaking to promote the world-class tourist appeal and public health safety standards of these destinations.

Mr. Yuthasak Supasorn, TAT Governor, said “Popular TV shows like ‘The Bachelor’ are an effective way to deliver promotional messages directly to international markets, in this case Japan, which is among the 63 countries and territories from which fully vaccinated visitors can enter Thailand through the Exemption from Quarantine (TEST & GO) programme. With Thailand featuring so significantly in ‘The Bachelor Japan Season 4’, this helps us to promote travel to Thailand now that entry rules are being relaxed and tourists are once again welcomed.”

Fully vaccinated visitors from every country around the world can also visit Thailand via the Living in the “Blue Zone” Sandbox destinations programme. Meanwhile, partially or unvaccinated visitors are also much welcomed via the Happy Quarantine programme. However, to prevent and control the spread of the new Omicron COVID-19 variant, Thailand currently imposes travel restrictions on arrivals from Africa.

Photo Credit: Instagram: @BachelorJapan外部リンク, @bachelorjap外部リンク

The post The Bachelor Japan Season 4 showcases Thailand appeared first on TAT Newsroom.

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Asean

ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021

An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Friendly ASEAN’, was moderated by the ASEAN Youth Forum’s Programme Manager, Rastra Yasland.

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JAKARTA, 30 November 2021 – The ASEAN Secretariat hosted an interactive webinar to commemorate ASEAN Youth in Climate Action and Disaster Resilience Day on 25 November.

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