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Reckitt CEO Reports ‘Thriving’ China Business, Anticipates Double-Digit Growth – Reuters

Thailand China Business News

McKinsey is cutting 500 jobs in China, reducing staff by a third to minimize security risks and distance from government clients.


McKinsey’s Job Cuts in China

McKinsey & Company plans to reduce its workforce in China by about 500 positions, equating to a one-third decrease. This strategic shift is part of a larger initiative to minimize political and security risks while distancing the firm from government-related clients.

Strategic Restructuring

The layoffs are part of ongoing reductions across Greater China, impacting hundreds over the past two years. McKinsey is also separating its China operations from its global structure to enhance security and address the unique challenges of the Chinese market.

Source link : Reckitt CEO Reports ‘Thriving’ China Business, Anticipates Double-Digit Growth – Reuters by China News

SEC public hearing on amendments to enhance fundraising flexibility for LiVEx-listed companies

Thailand Business News

The Securities and Exchange Commission (SEC) is inviting public comments on proposed amendments aimed at supporting small businesses listed on the LiVEx. These amendments focus on streamlining the fundraising process while ensuring that investor protection remains a priority.

The proposed rule changes for SPO (Secondary Public Offering) and mai/SET (Market for Alternative Investment/Stock Exchange of Thailand) listings are designed to enhance flexibility, making it easier for smaller firms to raise capital.

This initiative reflects the SEC’s commitment to foster a conducive environment for small businesses while safeguarding investors’ interests. Stakeholders are encouraged to participate in the public hearing to share their insights.

Source link : SEC public hearing on amendments to enhance fundraising flexibility for LiVEx-listed companies

Thailand Suspends Filing of TM6 Immigration Form for Land and Sea Arrivals

Thailand Suspends Filing of TM6 Immigration Form for Land and Sea Arrivals

Thailand has extended the suspension of the TM6 immigration form requirement for foreign travelers at 16 checkpoints until April 30, 2025, to streamline procedures and reduce congestion.


Key Points

  • Thailand has extended the suspension of the TM6 immigration form requirement for foreign travelers at 16 land and sea checkpoints until April 30, 2025. This measure is aimed at simplifying entry procedures and reducing congestion.

  • The TM6 form, which was previously mandatory for documenting traveler information, was abolished for air arrivals in July 2022. The suspension now focuses on enhancing experiences at busy border crossings.

  • Designated entry checkpoints include land routes from Sa Kaeo, Mukdahan, and Chiang Rai, along with maritime entry points in Chon Buri, Rayong, Phuket, and Surat Thani, supporting the country’s goals for seamless international access.

As of October 17, 2024, Thailand has officially extended the suspension of the TM6 immigration form requirement for foreign travelers at 16 designated land and sea checkpoints until April 30, 2025. This decision underscores Thailand’s ongoing initiative to streamline immigration procedures, aiming to simplify the entry process and alleviate congestion at busy border crossings. The TM6 form, which was previously mandatory for all travelers to document personal and travel details, was abolished for air arrivals in July 2022, indicating a broader trend towards reducing administrative burdens in Thailand’s immigration system.

The suspension applies specifically to eight land checkpoints and eight maritime entry points, which are crucial for managing the influx of travelers. This initiative addresses the operational challenges faced at land borders, particularly in provinces like Sa Kaeo, Mukdahan, and Chiang Rai, where heavy traffic often leads to delays. The maritime checkpoints include popular hubs in Chon Buri, Rayong, Phuket, and Surat Thani, which cater to cruise ships and yachts, thereby enhancing Thailand’s appeal as a destination for international sea travelers.

Through this suspension, Thailand aims to foster smoother travel experiences by minimizing paperwork requirements that can hinder efficient processing. By streamlining border procedures, the country is not only enhancing the overall visitor experience but also supporting its economic interests by encouraging greater ease of access for tourists and international travelers. The extended suspension reflects a strategic decision to bolster Thailand’s tourism sector while simultaneously addressing logistical challenges at strategic entry points.

Source link : Thailand Suspends Filing of TM6 Immigration Form for Land and Sea Arrivals

Thailand-EU FTA Set for 2025: Impact on Trade and Growth

Thailand Business News

Thailand and the European Union are strategizing to finalize their Free Trade Agreement (FTA) by 2025, aiming to enhance bilateral trade relations. This agreement is anticipated to pave the way for increased investments and improved market access between the two regions.

The FTA will focus on various key areas, including taxation policies, which could streamline processes and attract foreign direct investment. Both parties seek to create a conducive environment for businesses, ultimately fostering economic growth.

Sustainable development is a priority within the agreement, ensuring that trade practices contribute to environmental protection and social responsibility. The Thailand-EU partnership is poised to create a more resilient and sustainable economic landscape.

Source link : Thailand-EU FTA Set for 2025: Impact on Trade and Growth

Taiwan and China Need to Reach a New Political Agreement to Prevent Conflict

Taiwan and China Need to Reach a New Political Agreement to Prevent Conflict

China and Taiwan should negotiate a framework emphasizing ‘One Country,’ respect, and dialogue to ensure peace and avoid conflict.


The Need for Negotiation

China and Taiwan must engage in discussions to create a new political framework centered on ‘One Country’ principles, emphasizing mutual respect and autonomy. Relying solely on military strength for security is misguided; a lasting solution must prioritize dialogue and cooperation to prevent conflict.

Moving Forward Together

Taiwan can ease China’s concerns by promoting a region-to-region relationship while asserting its sovereignty. In turn, China should recognize Taiwan’s democratic government, facilitating its participation in international organizations. This approach fosters independence for Taiwan and supports China’s goal of peaceful reunification.

Source link : Taiwan and China Need to Reach a New Political Agreement to Prevent Conflict by China Watch

TCEB Showcases Growth and Opportunities in EEC

TCEB Showcases Growth and Opportunities in EEC

The Thailand Convention and Exhibition Bureau (TCEB) recently organized a familiarization trip to showcase the Eastern region’s potential for hosting conventions and exhibitions. This initiative aims to promote the area’s unique offerings and advantages in the meetings, incentives, conferences, and exhibitions (MICE) sector.

Participants of the trip explored various venues and facilities, gaining insights into the Eastern Economic Corridor (EEC) and its strategic importance. The EEC is poised to attract both domestic and international events, enhancing Thailand’s reputation as a global MICE destination.

TCEB’s efforts underline the commitment to fostering growth in the MICE industry, showcasing opportunities for collaboration and investment in the Eastern region, ultimately benefiting local and international stakeholders.

Source link : TCEB Showcases Growth and Opportunities in EEC

China’s probe of Canadian canola will put both exports and farmers in jeopardy

Thailand China Business News

Ongoing Canada-China tariff wars threaten canola exports, risking Canadian farmers’ livelihoods. Caution in trade policies is crucial to avoid escalation.


Geopolitical Tensions and Trade Implications

Ongoing tariff wars between China and Canada threaten canola exports, impacting Canadian farmers amid heightened geopolitical tensions. Both nations face the delicate task of navigating these trade policies to minimize retaliatory actions that could disrupt agricultural markets.

The Importance of Caution in Trade Policies

Canada’s reliance on a few key markets for canola exports, particularly China and the U.S., leaves its agricultural sector vulnerable. Imposing tariffs could risk losing a significant portion of canola export value, highlighting the need for careful consideration of trade measures that avoid escalating tensions with major market players like China.

Source link : China’s probe of Canadian canola will put both exports and farmers in jeopardy by The Conversation

TEFL One Now Accredited by Thailand’s Ministry of Education

Thailand Business News

TEFL One has achieved official accreditation from the Thai Ministry of Education, solidifying its reputation as a premier provider of TEFL certification.

This accreditation reflects the organization’s commitment to quality education and adherence to national standards, ensuring that graduates receive recognized qualifications.

By aligning with the Ministry’s guidelines, TEFL One enhances its credibility and offers students valuable credentials for teaching English, contributing positively to the global job market.

Source link : TEFL One Now Accredited by Thailand’s Ministry of Education