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Exploring the Revamped China Certified Emission Reduction (CCER) Program: Potential Benefits for International Businesses

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Thailand China
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Thailand China Business News

Chinese companies face challenges navigating CCER framework, impacting operations and objectives. Program focuses on afforestation, solar, wind power, and mangrove creation.

Compliance and Trading in China’s CCER Framework

Companies in China face challenges in compliance, trading, and reporting within the CCER framework, impacting their daily operations and strategic goals. The program emphasizes afforestation, solar, wind power, and mangrove creation, offering avenues for innovation and revenue generation while ensuring transparency and accuracy. The Ministry of Ecology and Environment oversees this initiative.

Opportunities and Risks in the CCER Program

As companies navigate the intricacies of compliance within the CCER framework, they must consider the broader implications on their operations, finances, and strategic objectives. The program presents opportunities for growth and innovation, particularly in sectors like afforestation, solar thermal power, offshore wind power, and mangrove vegetation creation. The Ministry of Ecology and Environment plays a crucial role in overseeing and regulating the CCER program to ensure environmental impact mitigation.

Source link : Exploring the Revamped China Certified Emission Reduction (CCER) Program: Potential Benefits for International Businesses by China Watch

TAT and UnionPay International Sign Letter of Intent

By
Thailand Business News
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Thailand’s Tourism Authority and UnionPay International have joined forces to enhance the tourism experience for Chinese visitors by promoting quality travel experiences and encouraging spending in the country. The partnership, which involves a Letter of Intent signed between the Tourism Authority of Thailand (TAT) and UnionPay International (UPI), aims to foster stronger alliances and facilitate travel to Thailand for Chinese tourists. This collaboration signifies a commitment to providing exceptional tourism experiences and promoting Thailand as a preferred destination for Chinese travelers.

By working together, TAT and UPI seek to boost travel and spending in Thailand, catering specifically to the needs and preferences of Chinese visitors. The partnership will focus on providing Chinese tourists with access to quality tourism experiences and special offers when using UnionPay cards during their travels in Thailand. This initiative aims to strengthen strategic partnerships and further enhance Thailand’s reputation as a premier destination for international travelers, particularly those from China.

Through this partnership, TAT and UnionPay International aim to create a seamless and enjoyable travel experience for Chinese visitors, ultimately increasing the appeal of Thailand as a top tourist destination. By promoting quality tourism experiences and facilitating convenient payment options for Chinese travelers, the collaboration between the two organizations is expected to drive growth in tourism and strengthen the bond between Thailand and Chinese tourists.

Source link : TAT and UnionPay International Sign Letter of Intent

TAT’s CF-Hotels Initiative: A Step Towards Sustainable Tourism

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Thailand Business News
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Ko Samed deserted pier

Tourism Authority of Thailand (TAT) is promoting the CF-Hotels initiative to combat climate change by encouraging hotel operators and tourists to participate. The initiative offers an online platform to help hotels monitor their carbon footprint, enhance sustainability practices, and potentially earn STAR certification. By engaging in this project, the hospitality industry and travelers can make a significant contribution towards reducing environmental impacts and promoting responsible tourism practices.

The CF-Hotels initiative underscores TAT’s dedication to promoting sustainable tourism in Thailand. The online platform provided through the initiative allows hotels to track and improve their environmental performance, helping them to lessen their carbon footprint. This initiative not only benefits the environment but also offers potential rewards for hotels through the possibility of earning STAR certification, which signifies a commitment to sustainable practices and responsible tourism efforts.

Taking part in the CF-Hotels initiative represents a valuable opportunity for both hotel operators and tourists to actively participate in efforts to combat climate change. By implementing sustainable practices and monitoring their impact on the environment, hotels can contribute to reducing their carbon footprint and promoting eco-friendly tourism. Through this initiative, TAT aims to encourage the hospitality industry and travelers alike to embrace sustainable practices and support initiatives that prioritize environmental conservation.

Source link : TAT’s CF-Hotels Initiative: A Step Towards Sustainable Tourism

New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024

By
Thailand China
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Thailand China Business News

Indonesia consolidates transfer pricing guidelines with Regulation No. 172 of 2023. Singapore Budget 2024 addresses economic challenges and implements global tax reforms.

Unified Transfer Pricing Guidelines in Indonesia

Indonesia’s Ministry of Finance released Regulation No. 172 of 2023, unifying transfer pricing guidelines. The Directorate General of Taxes emphasizes compliance and substance checks, expanding the arm’s length principle to ensure robust analyses by taxpayers.

Singapore Budget 2024 and Global Tax Reforms

Singapore’s Budget 2024 tackles economic challenges and sustainability, implementing global tax reforms like the Income Inclusion Rule and Domestic Top-up Tax. This strategic move aims to fortify the nation’s economic resilience and commitment to international tax standards while addressing rising operational costs and fostering sustainable development.

Source link : New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024 by China Watch

Thailand has greeted more than 10 million international visitors this year

By
Thailand Business News
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Thailand Business News

The Tourism and Sports Ministry anticipates a further increase in the number of visitors to Thailand following the conclusion of Ramadan and the implementation of free-visa agreements with select countries. This positive forecast aligns with the Prime Minister’s optimistic sentiments, who eagerly anticipates a significant rise in the quantity of foreign tourists visiting the country this year.

The end of Ramadan and the ongoing efforts to facilitate travel to Thailand through free-visa agreements have created a conducive environment for boosting tourism. With this favorable outlook, the Tourism and Sports Ministry is confident that the country will continue to attract a growing number of international visitors.

The Prime Minister’s delight at the expected increase in foreign tourists reflects a shared enthusiasm for driving the growth of Thailand’s tourism industry. With hopes high for a successful year ahead, all signs point to a prosperous period for the country’s tourism sector.

Source link : Thailand has greeted more than 10 million international visitors this year

SEC to restrict access to unlicensed digital asset service platforms (SEC News)

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Thailand Business News
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The Securities and Exchange Commission (SEC) and the Department of Enforcement (DE) have joined forces to crack down on unauthorized digital asset platforms, with the aim of preventing money laundering and cybercrime. Investors are warned to withdraw their assets from unlicensed platforms and to proceed with caution when dealing with digital assets. To find a list of licensed operators, individuals can visit the SEC’s official website for more information on trusted platforms.

The collaboration between the SEC and the Ministry of DE highlights the growing concern over unauthorized digital asset service providers and the need to protect investors from potential risks. By restricting access to unlicensed platforms, the authorities are taking proactive measures to safeguard against financial crimes and cyber threats in the digital asset sector. Investors are encouraged to stay informed and vigilant to avoid falling victim to fraudulent activities.

The SEC’s initiative to limit access to unlicensed digital asset platforms underscores the importance of regulation and oversight in the cryptocurrency market. By working together with other government agencies, the SEC aims to create a safer environment for investors and to promote transparency in the industry. Individuals are urged to only use licensed operators when engaging in digital asset transactions to ensure the security of their assets and to reduce the risk of financial harm.

Source link : SEC to restrict access to unlicensed digital asset service platforms (SEC News)

CLMV economy likely to expand upwards in 2024

By
Thailand Business News
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The SCB EIC projects that the economies of CLMV countries (Cambodia, Laos, Myanmar, and Vietnam) will experience growth in 2024. This growth is expected to be driven by the recovery of exports and tourism, leading to improved economic conditions and a recovery in the labor market. The positive outlook suggests that these countries will see expansion and further development in the coming years.

According to the SCB EIC, the expansion of the CLMV economies in 2024 will be a result of the recovery of key sectors such as exports and tourism. This recovery is expected to lead to improved economic conditions and job market recovery in these countries. The growth projections indicate positive momentum and potential for further economic development in the region.

The SCB EIC’s analysis suggests that the economies of CLMV countries are on a trajectory towards expansion in 2024. The recovery of exports and tourism is expected to play a significant role in driving this growth, leading to improved economic conditions and labor market recovery. Overall, the outlook for the CLMV economies is positive, with potential for continued development and advancement in the years to come.

Source link : CLMV economy likely to expand upwards in 2024

China Unveils Plan to Upgrade Industrial Equipment

By
Thailand China
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Thailand China Business News

China’s Foreign Minister met Indonesia’s outgoing and future presidents to strengthen partnerships. The two countries also discussed defense cooperation and Gaza conflict.

Chinese Diplomat Meets Indonesian Leaders in Jakarta

Beijing’s top diplomat engaged with outgoing and incoming Indonesian presidents in Jakarta, strengthening ties with future leader Prabowo Subianto amid regional influence competition with the U.S. The meeting with Chinese Foreign Minister Wang Yi aimed to enhance the partnership between the two nations, following Prabowo’s recent visit to Beijing after winning the February general election.

Indonesia and China Advocate for Gaza Ceasefire

Both Indonesia and China expressed support for a ceasefire in Gaza in response to Israel’s attacks, emphasizing the importance of resolving the Palestinian issue through two-state solutions. Chinese Foreign Minister Wang Yi criticized the U.S. for vetoing resolutions calling for an end to the attacks, highlighting the humanitarian tragedy in Gaza and the need for international solidarity in addressing the conflict.

Source link : China Unveils Plan to Upgrade Industrial Equipment by China Watch

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