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SEC imposes civil sanctions on two offenders for insider trading of COL shares

https://www.bot.or.th/en/news-and-media/news/news-20240731.html

The Securities and Exchange Commission (SEC) recently imposed civil sanctions on Mr. Worawoot Ounjai and Miss Patcharapat Tongwaen for their involvement in insider trading of COL shares. Both individuals are required to pay fines and are prohibited from holding director positions for specific durations. The SEC’s actions highlight the consequences of engaging in illegal trading practices.

Mr. Ounjai and Miss Tongwaen were found guilty of insider trading by the SEC, resulting in the sanctions imposed on them. The penalties serve as a deterrent to others who may consider participating in similar illicit activities. The SEC’s enforcement of regulations aims to maintain fairness and transparency in the financial markets.

The article originally published by the SEC emphasizes the importance of upholding ethical standards in securities trading. Insider trading is a violation of securities laws and can have severe consequences for those involved. The SEC’s actions against Mr. Ounjai and Miss Tongwaen demonstrate its commitment to enforcing regulations and holding individuals accountable for illegal activities in the financial sector.

Source link : SEC imposes civil sanctions on two offenders for insider trading of COL shares

Thailand’s Tourist Arrivals Expected to Grow in 2024 and Fully Rebound by 2025

https://www.bot.or.th/en/news-and-media/news/news-20240731.html

Thailand is expected to see a significant increase in tourist arrivals, with a forecasted growth of 28.3% in 2024. Despite this growth, it is projected that tourist numbers will still be below pre-pandemic levels. However, full recovery is anticipated by 2025, indicating a positive outlook for the country’s tourism industry in the coming years.

The projected increase in tourist arrivals is a promising sign for Thailand’s economy, which heavily relies on the tourism sector. The country has been working towards recovery following the impact of the COVID-19 pandemic, and the anticipated growth in tourist numbers is a step towards regaining stability and prosperity in the industry. With proper planning and measures in place, Thailand aims to fully rebound by 2025.

While the road to recovery may still be challenging, the projected growth in tourist arrivals signals a positive trend for Thailand’s tourism industry. By implementing effective strategies and maintaining safety measures, the country is on track to achieve full recovery by 2025. This forecasted growth offers hope for the future, indicating that Thailand’s tourism sector is gradually bouncing back from the setbacks of the pandemic.

Source link : Thailand’s Tourist Arrivals Expected to Grow in 2024 and Fully Rebound by 2025

Who is leading the smartphone market in Thailand?

https://www.bot.or.th/en/news-and-media/news/news-20240731.html

Chinese mobile phone brands have gained prominence in Thailand’s smartphone market, challenging established brands like Samsung and Apple. These brands have emerged as significant competitors, offering a wide range of affordable and high-quality smartphones to consumers in the region. As a result, the competition in Thailand’s smartphone market has intensified, with Chinese brands gaining traction and increasing their market share.

In recent years, Chinese mobile phone brands have made a mark in Thailand, with their competitive pricing and advanced features attracting a large number of consumers. Brands like Xiaomi, Huawei, and Oppo have become popular choices among Thai consumers due to their reliable performance and attractive designs. With a strong presence in the market, these Chinese brands are giving established players a run for their money.

The emergence of Chinese mobile phone brands in Thailand’s smartphone market has reshaped the competitive landscape, leading to a diverse range of options for consumers. As these brands continue to innovate and expand their product offerings, they are expected to further solidify their position in the market, challenging the dominance of traditional players like Samsung and Apple. With a focus on affordability and innovation, Chinese brands are likely to play a major role in shaping the future of Thailand’s smartphone market.

Source link : Who is leading the smartphone market in Thailand?

Thailand received over 20 million overseas visitors in first seven months

What’s in store for Bangkok real estate in 2018?

Thailand received over 20 million overseas visitors in the first seven months of the year, contributing around 957.31 billion baht to the country’s economy.

  • China, Malaysia, and India were the top three sources of foreign tourists to Thailand between January and July 2024.
  • The number of foreign arrivals in Thailand is expected to remain steady in the coming week due to factors such as summer holidays in Europe and the Middle East.
  • The Thai government aims to attract 36.7 million foreign visitors in 2024, following a record of nearly 40 million in 2019 before the pandemic.

China was the largest source of tourists, followed by Malaysia, India, South Korea, and Russia. The number of foreign arrivals increased in the past week, with a notable rise from short haul and long haul markets. The government anticipates a stable level of foreign arrivals in the upcoming week, attributing it to summer holidays in Europe, relaxation of travel measures, and increased flight options.

The goal is to attract 36.7 million foreign visitors in 2024, aiming to recover from the impact of the pandemic when the country had nearly 40 million visitors in 2019.

Source link : Thailand received over 20 million overseas visitors in first seven months

China Unveils Measures to Enhance Hotel Accommodation for Foreign Workers

Thailand China Business News

The 2024 Hainan Encouraged Catalogue aims to boost industries in the Hainan Free Trade Port, prioritizing sectors like tourism and technology.


The 2024 Hainan Encouraged Catalogue

The 2024 Hainan Encouraged Catalogue, jointly issued by the NDRC, MOF, and STA, aims to promote industries in the Hainan Free Trade Port. It focuses on key sectors like tourism, modern services, and high technologies, providing incentives for foreign investment and market expansion since 2020. The catalogue comprises 176 entries across 14 categories, with 33 new additions in areas such as cultural tourism, new energy, medicine and health, aviation, aerospace, and environmental protection.

Encouraging Investment in Hainan

The Hainan Free Trade Port offers incentives to attract investors, particularly foreign investment, with increased market access since 2020. The 2024 Hainan Encouraged Catalogue, effective from March 1, 2024, replaces the previous 2020 edition and includes new entries based on practical implementation experiences and specific needs within Hainan. These additions prioritize industries like tourism, modern services, and high technologies, driving further development and growth in the region.

Source link : China Unveils Measures to Enhance Hotel Accommodation for Foreign Workers by China Watch

Thailand to Provide Investment Incentives for Hybrid Vehicle Manufacturers

Thailand to Provide Investment Incentives for Hybrid Vehicle Manufacturers

Thailand has announced plans to provide investment incentives and lower excise taxes for hybrid vehicle manufacturers from 2028 to 2032. This move is aimed at promoting the production and use of environmentally friendly vehicles in the country. The incentives are part of the government’s efforts to encourage the automotive industry to transition towards more sustainable and eco-friendly practices.

By offering these incentives, Thailand hopes to attract more manufacturers to invest in hybrid vehicle production, which will not only benefit the environment but also boost the country’s economy. The lower excise taxes will make it more cost-effective for companies to produce hybrid vehicles in Thailand, further incentivizing them to set up operations in the country. This initiative aligns with Thailand’s goal of becoming a hub for green technology and promoting sustainable transportation options.

With these incentives in place, Thailand is positioning itself as a leader in promoting environmentally friendly vehicles and encouraging manufacturers to prioritize sustainability in their production processes. By providing investment incentives and lowering excise taxes for hybrid vehicle manufacturers, the government is taking proactive steps to support the growth of the automotive industry in a more sustainable direction. This move reflects Thailand’s commitment to reducing carbon emissions and promoting eco-friendly practices within the country’s manufacturing sector.

Source link : Thailand to Provide Investment Incentives for Hybrid Vehicle Manufacturers

Discover Thailand’s Hidden Gems Cities through TAT and Insta360 X4 partnership

TAT promotes “Your Stories Never End” in Hidden Gems Cities through Insta360 X4

The Tourism Authority of Thailand (TAT) has collaborated with Insta360 to bring together 16 popular content creators from various Asian countries to explore the lesser-known cities of Trang and Ubon Ratchathani. This partnership aims to showcase the hidden gems and unique experiences that these destinations have to offer. Through this initiative, tourists can discover new and exciting travel opportunities beyond the usual tourist spots in Thailand.

The content creators involved in this project come from Taiwan, Hong Kong, Japan, South Korea, Malaysia, and the Philippines, bringing a diverse range of perspectives and insights to the exploration of Trang and Ubon Ratchathani. By utilizing Insta360’s cutting-edge technology, the creators will capture stunning visuals and immersive content that will provide viewers with a virtual tour of these cities and encourage them to consider visiting Thailand’s lesser-known destinations.

The collaboration between TAT and Insta360 underscores the importance of promoting off-the-beaten-path destinations and encouraging travelers to explore beyond popular tourist attractions. By highlighting the hidden gems of Trang and Ubon Ratchathani, this partnership aims to inspire wanderlust and showcase the rich cultural heritage and natural beauty of Thailand. Through innovative storytelling and visual content, this project will offer a glimpse into the untapped potential of these cities, inviting travelers to embark on new and unforgettable adventures.

Source link : Discover Thailand’s Hidden Gems Cities through TAT and Insta360 X4 partnership

Discover Thailand’s Hidden Gems Cities through TAT and Insta360 X4 partnership

TAT promotes “Your Stories Never End” in Hidden Gems Cities through Insta360 X4

Through a collaboration with Insta360, TAT has brought together 16 prominent content creators from various Asian countries to showcase the lesser-known cities of Trang and Ubon Ratchathani in Thailand. This partnership aims to promote these hidden gems and attract more tourists to visit and explore these unique destinations.

The content creators, hailing from Taiwan, Hong Kong, Japan, South Korea, Malaysia, and the Philippines, will use Insta360 X4 cameras to capture their experiences and adventures in Trang and Ubon Ratchathani. Through their lenses, viewers will get a glimpse of the diverse culture, stunning landscapes, and rich heritage of these cities, drawing attention to the beauty and charm they have to offer.

By partnering with Insta360, TAT aims to leverage the power of social media and digital content creation to reach a broader audience and showcase the hidden gems of Trang and Ubon Ratchathani. Through the unique perspectives and storytelling of these content creators, viewers will be inspired to explore these cities themselves and experience the beauty and culture that they have to offer, contributing to the growth of tourism in these lesser-known destinations.

Source link : Discover Thailand’s Hidden Gems Cities through TAT and Insta360 X4 partnership