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Regulatory Changes in China Aim to Boost Service Sector Growth in Six Cities

Thailand China Business News

China’s Fair Competition Review Regulations aim to promote fair competition and prevent local governments from offering incentives without approval, impacting foreign investors.


China Releases Fair Competition Review Regulations to Promote Market Competition

On June 6, 2024, China’s State Council introduced the Fair Competition Review Regulations to ensure fair competition in the market. These regulations restrict local governments from offering incentives without approval, impacting foreign investors. Shanghai also implemented new temporary import repair tax policies in the free trade zone.

The Regulations Aim to Level the Playing Field for Domestic Companies

The Fair Competition Review Regulations, released by the State Council, aim to unify the domestic business environment and promote fair competition between state-owned and private companies based on China’s Anti-Monopoly Law. These regulations mandate fair competition reviews for all policy measures to prevent any unfair advantages to specific market entities, emphasizing the importance of transparency and equal treatment for all businesses.

Source link : Regulatory Changes in China Aim to Boost Service Sector Growth in Six Cities by China Watch

How China took over the Southeast Asia EV market

Thailand Business News

In 2023, there was a significant 894% year-on-year increase in electric vehicle (EV) demand in South-East Asia. This rapid growth has attracted Chinese companies to enter the market, quickly establishing themselves as the dominant force. As a result, China has effectively taken over the Southeast Asia EV market.

With the increasing demand for EVs in the region, Chinese companies have seized the opportunity to expand their presence in South-East Asia. Their quick entry and dominance in the market have been notable, leading to a significant shift in the dynamics of the EV industry in the region. This surge in demand has propelled China to the forefront of the Southeast Asia EV market.

The article highlights the remarkable growth in EV demand in South-East Asia in 2023 and the subsequent entry of Chinese companies into the market. As a result, China has emerged as the dominant force in the regional EV industry, thanks to its quick expansion and successful establishment. This shift has significantly impacted the market landscape, reflecting China’s growing influence in the Southeast Asia EV sector.

Source link : How China took over the Southeast Asia EV market

Amazing Beach Life Festival promotes Thailand during this green season

Amazing Beach Life Festival promotes Thailand during this green season

The Tourism Authority of Thailand (TAT) is organizing the “Amazing Beach Life Festival” from July to August 2024 in Rayong, Phang-Nga, Phuket, and Songkhla to encourage green season tourism. The festival is part of the government’s efforts to establish Thailand as a global tourism hub through the “Ignite Tourism Thailand” vision. With a tourism revenue target of 3.5 trillion Baht this year, the festival aims to attract visitors to Thailand’s beautiful beaches during the off-peak season.

Taking place in popular coastal destinations, the Amazing Beach Life Festival offers a range of activities and events for tourists to enjoy. From beach parties to water sports, the festival aims to showcase Thailand’s natural beauty and hospitality to both domestic and international visitors. By promoting tourism during the green season, TAT hopes to boost the country’s economy and attract more tourists to Thailand’s picturesque beaches.

This initiative highlights Thailand’s commitment to sustainable tourism practices and environmental conservation. By encouraging visitors to explore the country’s beaches during the green season, TAT aims to spread awareness about the importance of preserving Thailand’s natural resources. Through the Amazing Beach Life Festival, TAT hopes to create memorable experiences for tourists while promoting responsible travel and supporting local communities.

Source link : Amazing Beach Life Festival promotes Thailand during this green season

Cesna Recruitment Celebrates 25th Anniversary of Achieving Recruitment Milestone Success

Thailand Business News

Cesna Recruitment Group has had a strong presence in the recruitment industry for the past 25 years, setting high standards for job seekers and employers. The company started in 1999 with the first office in Seoul’s Gangnam district and has since expanded across North America. Cesna has made a significant impact on the recruitment landscape with its dedication to excellence and success.

As Cesna Recruitment Group celebrates its 25th anniversary, the company reflects on its milestones and achievements in the recruitment industry. With a commitment to providing top-notch services to both job seekers and employers, Cesna has been a trusted partner in connecting the right candidates with the right opportunities. The company’s growth and success over the years have solidified its reputation as a leader in the recruitment field.

Through its dedication to excellence and continuous expansion, Cesna Recruitment Group has become a prominent figure in the recruitment industry. The company’s impact on job seekers and employers has been significant, and its 25th anniversary marks a milestone in its journey of success. Cesna’s commitment to raising the standard in recruitment has set it apart as a trusted partner for those seeking employment opportunities.

Source link : Cesna Recruitment Celebrates 25th Anniversary of Achieving Recruitment Milestone Success

Krungsri launches first cross-border QR payment service in Lao PDR

Thailand Business News

Thai tourists visiting Lao PDR now have the option to use the KMA krungsri app to scan QR codes with the Lao QR code symbol at various merchants. Additionally, merchants in Lao PDR now have the ability to accept payments from Lao tourists using either Krungsri Biz Mung-Mee or Krungsri Mung-Mee Shop. This new cross-border QR payment service provided by Krungsri aims to facilitate transactions between Thai tourists and merchants in Lao PDR, making it easier for both parties to conduct business seamlessly.

By utilizing the KMA krungsri app, Thai tourists can conveniently scan QR codes with the Lao QR code symbol at participating merchants in Lao PDR. This innovative payment solution not only benefits tourists by streamlining the payment process but also offers a convenient option for merchants to receive payments from Lao customers. With the introduction of this cross-border QR payment service, Krungsri aims to enhance the overall shopping and payment experience for both tourists and merchants in Lao PDR.

The launch of the first cross-border QR payment service in Lao PDR by Krungsri represents a significant advancement in the digital payment landscape. This new service not only provides convenience for Thai tourists and merchants in Lao PDR but also demonstrates Krungsri’s commitment to expanding its payment solutions across borders. With the KMA krungsri app and the Lao QR code symbol, both tourists and merchants can now enjoy a seamless payment experience, making transactions more efficient and hassle-free.

Source link : Krungsri launches first cross-border QR payment service in Lao PDR

“Amazing Food Festival 2024” elevates Thailand’s gastronomic tourism experiences

“Amazing Food Festival 2024” elevates Thailand’s gastronomic tourism experiences

The Tourism Authority of Thailand is organizing the “Amazing Food Festival 2024” to showcase Thai food culture, featuring local dishes, celebrity chefs, music, and sustainable tourism practices. The event aims to promote Thailand as a top gastronomy tourism destination, with festivals scheduled in Phuket, Chiang Mai, and Prachuap Khiri Khan.

The festival will take place in Phuket from 5-7 July at Central Phuket, Chiang Mai from 20-22 July at Central Festival Chiang Mai, and Prachuap Khiri Khan from 10-12 August at Hua Don Beach, Hua Hin. Each location will offer visitors a unique culinary experience that highlights the diversity and richness of Thai cuisine.

With a focus on promoting Thai food culture and sustainable tourism practices, the “Amazing Food Festival 2024” aims to provide attendees with an unforgettable gastronomic experience while showcasing the beauty and flavors of Thailand’s culinary traditions. This event will not only celebrate the country’s cuisine but also help boost Thailand’s reputation as a top destination for food lovers around the world.

Source link : “Amazing Food Festival 2024” elevates Thailand’s gastronomic tourism experiences

June 2024: China Monthly Tax Updates

Thailand China Business News

Poland and China have had a positive relationship since 1949, focusing on trade, agriculture, and infrastructure under the Belt and Road Initiative.


Poland-China Relationship Since 1949

Poland and China have maintained a constructive relationship since 1949, focusing on enhancing bilateral cooperation in trade, agriculture, and infrastructure under the Belt and Road Initiative. Despite recent challenges and shifts in relations, high-level political interactions between the two nations have remained consistent. Poland’s participation in China’s economic initiatives showcases its commitment to strengthening ties and securing alternative funding options outside the EU.

Bilateral Trade and Investment Dynamics

The relationship between China and Poland has evolved into a multifaceted partnership, marked by significant economic and diplomatic engagements. Recent high-level meetings have emphasized enhancing cooperation in various sectors, including trade, agriculture, and infrastructure development. However, changing global dynamics, such as the Sino-US rivalry and geopolitical tensions, have influenced perceptions and interactions between the two countries, signaling a need for ongoing dialogue and cooperation.

Source link : June 2024: China Monthly Tax Updates by China Watch

The Pressing Issue of Transboundary Haze in Southeast Asia

Zaw Win Maung

The recurring issue of transboundary haze in Southeast Asia has been a pressing problem affecting countries such as Indonesia, Malaysia, and Singapore. The severity of the haze has varied over the years, influenced by factors like weather phenomena and regional policies. This environmental issue has had widespread consequences on air quality, health, and economies in the region.

The haze crisis has sparked debates and discussions on how to effectively address and prevent such occurrences in the future. Cooperation among the affected countries is essential to develop comprehensive solutions to tackle the root causes of transboundary haze. Strategies may include better land management practices, stricter enforcement of regulations, and the promotion of sustainable agricultural techniques.

Efforts to combat transboundary haze in Southeast Asia are crucial to protect the environment and the well-being of millions of people living in the region. Public awareness, government actions, and international collaboration are key to mitigating the impact of the haze crisis on affected communities and ecosystems. Finding sustainable solutions to this issue is vital for the long-term environmental sustainability of Southeast Asia.

Source link : The Pressing Issue of Transboundary Haze in Southeast Asia