Commentary: Singapore’s Marina Bay in Bangkok? Integrated resorts are coming to Thailand

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ATTRACTING TOP CASINO OPERATORS

But, if Mr Srettha wants to&nbsp, establish an entertainment complex within his name, he will have to look beyond Bangkok.

For a captain project, Chiang Mai in the northwest or Rayong, which is about a 50-minute push from Pattaya on the west coast, would be more feasible. The restoration of Khlong Toei is likely to take place over the course of a century, which is an extension of the long-awaited timeline for Marina Bay’s completion.

However, even with a eventually development routine, the Khlong Toei licence may also be the first to be tendered. Thailand may follow Singapore’s strategy of auctioning agreements from the most appealing to the least appealing.

This ensures that each licensing attracts a strong lake of bidders, maximising rivals and significance, something Japan critically overlooked. Without any specific rules, Chinese prefectures struggled to organize and plan their choice procedures, unintentionally tying them to one another to draw in casino operators.

To date, the government has largely remained quiet about legalizing casino gaming. Using Singapore’s design as a yardstick, Thailand is also looking at introducing similar cultural protection, such as entrance charges for Thai citizens and limiting the game area to 5 per cent of the hotel.

Investors still harbor some skepticism about Thailand’s ability to establish and uphold a stringent regulatory model, which is essential for attracting the best American casino hotel users, who are required to only invest in nations with strict regulatory and compliance requirements.

However, it is obvious that all events have political will to push it forward.

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Commentary: Malaysia is pushing the chips in on neutrality

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Investment IN SEMICONDUCTORS

Central to the Malaysian proposal is the recently introduced&nbsp, National Semiconductor Strategy, under which the Malaysian government will invest RM25 billion ( US$ 5.33 billion ) to transform the nation into a global semiconductor hub.

Selangor’s integrated circuit design area and Penang’s offshore” Silicon Island” are currently in development. These initiatives reflect Malaysia’s efforts to advance its place within the world’s semiconductor business and to provide alternative products to China and the US.

Malaysia’s bid to get investments beyond the US- China rivalry is no exclusive, but the country is nicely- positioned to achieve. Despite lacking a huge domestic market, Malaysia offers exceptional infrastructure and connectivity, a trusted and experienced workforce, an extensive network of free trade agreements, and pro- business policies. Local political challenges appear to be dissipating, further enhancing Malaysia’s attractiveness as a solid and beautiful purchase place.

Despite this, Malaysia’s state of neutrality may gain more popularity if Anwar embraced the Indo-Pacific concept with the same enthusiasm. The US- China rivals, mainly over Taiwan and the South China Sea, continues to pose major challenges.

US-China decoupling strategies are causing an exceedingly disjointed global trading system by causing the worldwide economic disruptions brought on by the Russia-Ukraine conflict and the COVID-19 pandemic. Malaysia, with its remarkably open market and proper location in the Indo- Pacific region, stands to lose substantially if tensions escalate.

Obviously, as with other small and mid power, Malaysia wants to ensure its business remains insulated, or at worse, adaptable to these problems. One of the main components that has negatively impacted the Malaysian economy in recent years is that it opens up the door for other supply stores to grow.

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Commentary: China’s housing mess finally comes for Xi’s own

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A few types have been suggested for how the government can reduce excessive offer. For example, with urban township restoration, local governments may get older homes from homes, which may then use the money in the form of coupons to purchase newer, bigger properties outside.

Additionally, the central government is create a national consolidation program to buy unfinished&nbsp, projects from developers. &nbsp,

Whatever the design Beijing later adopts, &nbsp, I doubt many aid will go to discreetly held builders. China’s real estate sector has fundamentally changed, in that existing home sales will be the standard, as is the case with developed nations.

The business no longer needs lots of designers. Most&nbsp, will have to sell and return, and the few survivors are probably generally SOEs, because they&nbsp, have better access to mortgage and thus more room to float through the storm.

Without a doubt, the state’s funding for the purchase of unnecessary homes may be beneficial. House prices is stabilise, which may delight China’s middle class. SOE engineers did breathe more freely.

But make no fear: Xi is not bailing out privately held designers, whose income will probably work out before a sustained cover rise. Most wo n’t survive. &nbsp,

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Commentary: A surprise South Korean boom is going unnoticed

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Hopes OF A Economy HAVE DIMINISHED

Economists had a year ago confidently predicted multiple cuts beginning in the late 2023, but it did n’t look that way. There was even a possibility of crisis.

Hopes of such a downturn have considerably diminished. The central bank is concerned that the prices is getting more and more persistent, and that a protracted greenback has weakened Korea’s fought, its currency. This unfortunate outcome of strong economic conditions in America and a decline in the Fed’s willingness to make first cuts have a ripple effect across global markets.

” I would n’t call it starting from scratch”, Bank of Korea Governor Rhee Chang- yong told reporters recently. ” But the situation has changed”.

This financial boom has no benefit to President Yoon Suk Yeol, either. Voters in Yoon’s hard-right laws drew a disproportionate blow to his party in parliamentary elections next month. Social scientists declared his principle over with only a few years left in his name because of how devastating the bloc was.

Investor- pleasant policies championed by Yoon, like strong cuts in funds- gains tax and union busting, may struggle to find traction. The typical Korean has yet to go through a better time. On either side of the divide, a consumer sentiment score that measures the dominance of optimism or pessimism, has remained undetermined.

Not necessarily translating to joy on the streets for Samsung Electronics and Stat Hynix. Higher levels of debt and worries about injustice have accompanied the country’s progress in new decades- and inspired Netflix’s hit Squid Game and, a dozen year’s earlier, the Oscar- successful film Parasite.

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Commentary: Why China’s growth rate has defied expectations amid warnings of economic woes

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CHILDREN RECEIVE DIFFICULTLY AND ARE UNEVEN, WHICH INCLUDES DEFLATION.

Details of the GDP data revealed an unequal treatment in the Taiwanese sector, which raises questions about whether the current growth is responsible.

The real estate field continued to shrink while the manufacturing sector continued to grow as a vital growth driver and construction activity was powerful. Government efforts to give more money to the industrial and infrastructure businesses and less to the housing industry support all of this.

The prices of some food products, such as veggies and animal foods, have declined in the past two quarters due to an excess of supply, which led to the decline of the agriculture and animal agriculture sectors, which were the main causes of depreciation.

Average consumer prices decreased in the second quarter of 2023 as a result of lower foods and consumer products costs. Negative pressures will continue to exist despite consumer demand also being moderate and confidence however not fully recovered.

What does recession next mean for consumers and businesses? Falling prices are n’t always a good thing.

It results in lower profits for businesses and higher costs for debt servicing, making it more difficult for them to spend.

If a Chinese client wanted to buy a new, pricey appliance but still believes it would be less expensive in the coming weeks, they might put a stop to their purchases. The increase in domestic consumption China is planning will continue to decline as a result, leading to price declines as a result of surplus.

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Commentary: Global brands need to change the way they court Chinese consumers

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OVERWARDS FOR CHINESE Teenagers AND GEN Z

The next tactics can be used by companies to pique the interest and independence of fresh Chinese consumers.

Second, companies can tailor their items to match the local culture. KFC, one of the earliest fast-food bars to provide China, exemplifies successful localised marketing. It has consistently expanded its menu to include dishes that go beyond fried chicken and reflect local culinary traditions.

For instance, KFC introduced things like the Old Beijing Chicken Roll, a smile to Beijing’s popular roast goose, and local variants such as Seafood Egg Porridge in Shanghai. This method is successful because Gen Z and millennials are the most common fast-food restaurants, according to our most recent cross-generation consumer review.

Next, high-quality products that deliver on their promises are non-negotiable. Apple’s unwavering acceptance with Chinese customers may be attributed to its commitment to quality. Its materials, perceived as status symbols, coincide with the needs of millennials and Gen Z for advanced, reliable systems.

Second, companies had utilise online platforms for advertising. Alaba and JD. web have mastered modern engagement, incorporating social media into marketing campaigns, and utilizing big data to customize customer tips.

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Commentary: From Temu to TikTok Shop, are Chinese e-commerce players winning over the West?

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Taiwanese E-COMMERCE FIRMS HAVE WANTED TO BUY THOSE ARTILES.

Cross-border e-commerce from China to the West is no new because China has the largest manufacturing base for consumer products worldwide.

Chinese businesses started leveraging cheap shipping and online credit card payments to sell products to East Asian customers in the late 2000s, such as SHEIN, Light InTheBox, and Globalegrow.

The factors were simple: Great margins, easy to send, and selling for ads on Google was low. Eventually, these players morphed into large, separate online retailers or marketplaces.

Some other Chinese sellers made use of American marketplaces like eBay and Amazon Global to market their goods. Alibaba, the world’s leader in e-commerce, even launched its international system AliExpress in 2010.

According to investors, 40 to 50 % of Amazon’s US$ 430 million third-party profits in 2022 were made by Taiwanese companies, either through their listed companies or US stores.

Foreign buyers have been tapped by global, regional, and country platforms to expand the range of products with affordable prices. Amazon, auction, Shopee, Wish, Uruguay- based MercadoLibre and Poland’s Allegro run big owner training and wedding groups in China.

Nevertheless, many of these Chinese e- business companies have struggled recently. Light InTheBox’s promote rate dropped more than 90 per cent since its IPO, and Globalegrow shut down in 2021 and was declared bankrupt by jury in 2023.

On the other hand, the group of innovative players TikTok Shop and Temu, as well as revamped SHEIN, have been surging back, disrupting the global electronic- business purchase. What’s unique about them?

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Commentary: China’s homegrown COMAC jet has its eye on Southeast Asia after Singapore debut

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Other incentives, including export credits (typically up to 85 per cent of a jet’s purchase price), may be extended to airlines willing to punt on the C919. Support in terms of maintenance, repair and overhaul, the construction of hangars and crew training are also included in the package.

That said, the C919 will still a hard sell outside of China’s domestic market. Air travellers may be wary of the “Made in China” label and COMAC has no track record to boost confidence, as a new and relatively unknown player.

Others say its weight – several tonnes heavier than the Airbus A320 and thus, less fuel-efficient – and limited range (5,500km vs about 6,500km for the A320 and Boeing 737 Max) make the C919 unattractive.

Christian Scherer, Airbus’ top salesman, told journalists after watching the C919 fly in Singapore that it “is not going to rock the boat”.

NOT IN THE GAME FOR MONEY, FOR NOW

But COMAC is not in the game to make money, at least not for now.

Its strategy is simple: Scale up at home, continue refining its planes, develop its own engines and exploit gaps in the market, at a time when Boeing is reeling from self-inflicted wounds.

While the US remains the world’s largest domestic aviation market, China is a close second and is projected to top the global market for aviation services by 2042, according to Airbus.

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Commentary: Young and jobless in Malaysia

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Malaysia: Malaysia’s economy is recovering, visitors are coming back, and business is flourishing. The poverty rate has risen to levels pre-pandemic rates, local demand is higher, and economic activity is normalizing. Stuff appear hopeful at first glance. However, the optimistic information coming out of Malaysia conceals a looming issue: youth unemployment.

The Department of Statistics Malaysia released its labor review just before the Chinese New Year, which showed that the unemployment rate remained constant at 3.3 % in the last fortnight of 2023, with higher jobs across all industries.

But, a unique story was told by the youth unemployment statistics. 307, 200 young Malaysians between the ages of 15 and 24 were homeless as of December last year, which is a 10.6 % unemployment rate. In addition, the poverty level for those in the wider 15 to 30 years range was 6.4 %, making up 432, 100 students.

According to statistics, these youths make up about 76 % of the 567, 800 people who are unemployed in Malaysia. This year, another 5 to 6 million individuals are expected to student, compounding the problem. Job paintings in 2023 slowed at the same time, making things even more difficult for young people trying to enter the workplace.

Youth unemployment’s cultural, economic, and political repercussions never be underestimated. The root causes of the problems and flaws are deep within the system itself, necessitating structural change to bring about long-lasting change, not just a continuous issue.

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Commentary: Hong Kong’s Messi backlash says more about digital fandom than football

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Key to this is where end-of-career Messi has wound up. Inter Miami football club, which is co-owned by David Beckham, was founded in 2018 and began playing in America’s Major League Soccer two years later as a flamingo pink baby of the TikTok/Instagram Reels/YouTube Shorts epoch.

It gets that live audiences will pay to watch Messi not just for his football, but for his Instagrammable presence. It also gets that his astonishing goalscoring prowess in a weaker league will create the sort of “Messi scores three times in five minutes” incidents which social media hungrily regurgitates.

Football, as a sport, has been adapting with varying degrees of success and urgency to the pressures and incentives created by these new delivery channels: Inter Miami is a pure confection of them and Messi, in theory, the ultimate sweetener.

HEROICS OF INDIVIDUAL FOOTBALL STARS

The issue that football (along with other sports) confronts is one of ever more aggressive fragmentation of diversion. The short video form, and the algorithms that push them with such addictive force, is arguably evolving faster than any other form of entertainment in history.

It is a turbocharged thief of time. Its power to distract and absorb is infinite: Not only is the format a perfect medium for delivering the new content that thousands of people delight in producing; it is also able to repackage existing content (snippets from films, TV, games, sport) in a way that can make something you’ve seen several times seem new.

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