Business

Olympics latest reminder of down year for South Koreans
22Aug By Desk TeamNo Comments
Business, World

Olympics latest reminder of down year for South Koreans

KAWAGOE, Japan (AP) — The LPGA Tour is about two-thirds of the way through its season, and the last of the five majors is next week in Scotland. Missing thus far is the usual dominance of South Korea. The Olympics was the latest reminder of that. In the five times a country has had four players in the Olympics, this South Korean squad was the only one that didn’t have anyone on the podium. The best finish came from Jin Young Ko and Sei Young Kim, who tied for ninth. It stands out even more in the majors. South Korea has produced at least one major champion every year since 2011, a streak that could end if one of them does not win at Carnoustie next week. As far as LPGA Tour victories, the United States leads the way with six titles. Nelly Korda has won three of them, and that doesn’t
Read More
True denies reported interest in buying DTAC
18Aug By Desk TeamNo Comments
Business, World

True denies reported interest in buying DTAC

True denies reported interest in buying DTAC DTAC customers at a service centre in Bangkok. (Bangkok Post file photo) A highly placed source at SET-listed True Corporation has rejected a media report suggesting it will acquire Total Access Communication (DTAC), the country's third largest mobile operator, from Norway-based telecom giant Telenor, insisting the story is baseless. "That's not true," the source told the Bangkok Post without further elaboration. The source requested anonymity. The report emerged via online media Thai Enquirer on Thursday, citing an earlier report published by London-based business intelligence service TMT Finance. Access to TMT Finance's report requires a subscription. According to the report, sources said True is understood to be holding discussions with ...
Read More
SE Asia Covid cases hit new highs, Malaysian doctors protest
16Aug By Desk TeamNo Comments
Asia, Business, World

SE Asia Covid cases hit new highs, Malaysian doctors protest

SE Asia Covid cases hit new highs, Malaysian doctors protest A contract doctor holds a placard during a strike outside the Sungai Buloh Hospital in Selangor state on Monday, as junior doctors staged walkouts at several hospitals protesting against poor conditions, even as Malaysia faces a worsening coronavirus outbreak. (AFP photo) KUALA LUMPUR: Thailand reported a record number of coronavirus cases on Monday, while Malaysia has notched up more than 1 million infections, as the virulent Delta variant carves a deadly path through Southeast Asia - now a global epicentre for the virus. Thailand had 15,376 new coronavirus cases, a daily record for a second consecutive day in the nation of more than 66 million. Malaysia, which has one of Southeast Asia's highest per capita infection rates, ...
Read More
Beijing urges Washington to stop ‘demonising’ China as US official visits
16Aug By Desk TeamNo Comments
Business, China, Conflict, World

Beijing urges Washington to stop ‘demonising’ China as US official visits

Beijing urges Washington to stop 'demonising' China as US official visits Wendy Sherman is the highest-level official to visit China under President Joe Biden's administration. BEIJING: Beijing urged Washington to stop "demonising" China on Monday as rancour marked the start of talks with the highest-level US envoy to visit under President Joe Biden's administration. Deputy Secretary of State Wendy Sherman's visit to the northern city of Tianjin is the first major meeting between the world's leading economies since March discussions in Anchorage between the countries' top diplomats collapsed into mudslinging. Sherman's trip aims to seek "guardrails" as ties continue to deteriorate on a range of issues from cybersecurity and tech supremacy to human rights in Hong Kong and Xinjiang. "Th...
Read More
Troops patrol Kashmir on anniversary of statehood revocation
16Aug By Desk TeamNo Comments
Business, Conflict, World

Troops patrol Kashmir on anniversary of statehood revocation

SRINAGAR, India (AP) — Government forces patrolled much of Indian-controlled Kashmir and ordered shops and businesses to remain open Thursday to foil a planned strike by separatists on the second anniversary of India’s revocation of the disputed region’s semi-autonomy. Government forces placed steel barricades and razor wire across many roads, bridges and intersections and set up additional checkpoints in anticipation of anti-India protests. Some shops and businesses remained shut in Srinagar, the region’s main city, while police and soldiers checked vehicles and frisked pedestrians. In Srinagar’s main business center, men escorted by police used iron rods and bricks to break locks on some shuttered shops. “They’re forcing us to open our businesses to show normalcy,” said shopkeeper Naz
Read More
Hong Kong leader says city set to adopt China’s anti-sanctions law
16Aug By Desk TeamNo Comments
Business, China, World

Hong Kong leader says city set to adopt China’s anti-sanctions law

Hong Kong leader says city set to adopt China's anti-sanctions law Hong Kong leader Carrie Lam has said the city is set to adopt China's anti-sanctions law. HONG KONG: China's anti-sanctions law will be implemented in some form in Hong Kong, the city's leader confirmed Tuesday, a move that will add fresh regulatory pressure on international companies in the finance hub. Beijing's rubber-stamp legislature passed the law in June in response to Western penalties that were imposed following crackdowns in Hong Kong and Xinjiang. Its powers include denying visas, deportation, or seizing assets of those who formulate or comply with sanctions against Chinese businesses or officials. Foreign companies can be sued in Chinese courts for applying sanctions and the law can also be wielded against ...
Read More
The Latest: China pledges 2 billion COVID-19 vaccine doses
15Aug By Desk TeamNo Comments
Business, China, World

The Latest: China pledges 2 billion COVID-19 vaccine doses

BEIJING — Chinese President Xi Jinping has pledged that 2 billion doses of COVID-19 vaccines would be supplied to the world through this year, increasing China’s commitment as the largest exporter of the shots. Xi’s announcement was delivered late Thursday at a vaccine forum China hosted virtually. The figure likely includes the 770 million doses China has already donated or exported already and it’s not clear if it includes a COVAX agreement for Chinese producers to supply 550 million doses. Xi also promised to donate $100 million to the UN-backed COVAX program, which aims to distribute vaccines to low- and middle-income countries. Vaccine distributions have been starkly unequal, as wealthy countries now consider issuing booster shots to their citizens and poorer nations struggle to ge
Read More
MEDICAL DEVICES TO LEVERAGE THAILAND’S COMPETITIVE SUPPLY CHAIN
14Aug By Desk TeamNo Comments
Business, China, Singapore, World

MEDICAL DEVICES TO LEVERAGE THAILAND’S COMPETITIVE SUPPLY CHAIN

MEDICAL DEVICES TO LEVERAGE THAILAND’S COMPETITIVE SUPPLY CHAIN With technology for medical devices continuing to evolve in line with rising demand, Thailand remains focused on promoting technology and innovation in its medical device industry, leveraging the country’s global strengths as a top medical destination with a well-established and thriving industrial supply chain. The database of Global Trade Atlas showed that the international trade of medical devices has continued to grow during the COVID-19 pandemic, with the trade volume standing at approximately US$830 billion in 2020. Interestingly, the value of global exports outstripped imports at approximately US$530 billion versus US$300 billion, respectively. Durable medical devices accounted for the majority of the global exports a
Read More
Food group expands into ready-to-eat products
14Aug By Desk TeamNo Comments
Business, China, Singapore, World

Food group expands into ready-to-eat products

Food group expands into ready-to-eat products Ms Sudatip promotes the company's new multigrain oatmeal product. Pataya Food Group, the producer and marketer of Nautilus canned fish, has diversified its business to ready-to-eat products as a part of an effort to boost the group's sales to 10 billion baht over the next three years. Sudatip Kiatsrichart, the group's executive director, said starting from this year the company will gear toward expansion in the health food market which is worth more than 100 billion baht. The company recently entered Thailand's ready-to-eat cereal market by launching Nautilus Xten healthy meals to tap into a growing market of health-conscious consumers both in Thailand and abroad, with a particular focus on China, Cambodia, Laos, Myanmar and Vietnam. Singa...
Read More
Thai police use tear gas against anti-government protesters
12Aug By Desk TeamNo Comments
Business, China, World

Thai police use tear gas against anti-government protesters

BANGKOK - Thai police used tear gas, rubber bullets and water cannons Sunday to disperse hundreds of anti-government protesters who held a rally in Bangkok despite coronavirus restrictions banning gatherings of more than five people. The demonstrators were demanding Prime Minister Prayuth Chan-ocha’s government step down, insisting the budget of the monarchy and the military be cut during the pandemic, and calling for the importing mRNA coronavirus vaccines that have yet to be brought to Thailand on a large scale to fight a growing surge of the virus. The rally came as Thailand recorded its largest single-day jump in virus infections — nearly 11,400 — and as fresh restrictions were announced such as the shut down of most domestic flights. Many parts of the country, including Bangkok, are
Read More