Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o


Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.” Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases. Chinese buyers make up 70 percent o
Thailand property: Chinese buying interest has surged in recent years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


Thailand property: Chinese buying interest has surged in recent years

Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election.

That underscores the Southeast Asian nation’s enduring popularity with the Chinese — tourists from Asia’s top economy have for years seen Thailand as a top spot for holidays. According to recent data from online Chinese real estate portal Juwai.com, Thailand was its most popular country when it comes to inquiries from potential real estate buyers in 2018 — climbing up from the sixth spot in 2016.

Thailand will hold general elections on March 24, but Juwai CEO Carrie Law said the company hasn’t seen “a link between the Thai election and Chinese property buying.”

“While the election is momentous for Thailand, most of the buyers we work with are unconcerned about the outcome,” she told CNBC.

Thailand’s economy has been powering ahead since its 2014 coup, reaching 3.9 percent GDP growth in 2017. That was its best in five years, but that growth is expected to slow a bit this year due to weaker global growth, the World Bank projected.

Even though that recent coup was the second in less than a decade, the political upheaval did little to cool Thailand’s huge property increases.

In fact, Sansiri — one of Thailand’s biggest developers — set up its international business unit in 2014 after seeing growing interest from foreign buyers, said Nanmanas Jiwattanakul, the company’s assistant executive vice president of international business development.

Chinese buyers make up 70 percent of Sansiri’s international sales, she said.

The development — not spurred by any marketing efforts — prompted the developer to set up showrooms in Thailand and overseas catering to such investors, she told CNBC.

“We started to drive (international sales) and also because we started seeing a number of foreign buyers in Thailand,” said Nanmanas.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: huileng tan, prachanart viriyaraks, getty images
Keywords: news, cnbc, companies, property, interest, surged, buyers, international, thailands, thailand, buying, spot, chinese, told, started, growth, recent


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A coup in Thailand is likely to happen: Expert

A coup in Thailand is likely to happen: Expert9 Hours AgoPaul Chambers of the Center of ASEAN Community Studies says it’s possible there could be a coup in Thailand, given that trouble is brewing in the military.


A coup in Thailand is likely to happen: Expert9 Hours AgoPaul Chambers of the Center of ASEAN Community Studies says it’s possible there could be a coup in Thailand, given that trouble is brewing in the military.
A coup in Thailand is likely to happen: Expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-10
Keywords: news, cnbc, companies, trouble, thailand, happen, expert, possible, likely, studies, hours, military, given, coup


A coup in Thailand is likely to happen: Expert

A coup in Thailand is likely to happen: Expert

9 Hours Ago

Paul Chambers of the Center of ASEAN Community Studies says it’s possible there could be a coup in Thailand, given that trouble is brewing in the military.


Company: cnbc, Activity: cnbc, Date: 2019-02-10
Keywords: news, cnbc, companies, trouble, thailand, happen, expert, possible, likely, studies, hours, military, given, coup


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Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear

Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks. The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia. Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch. However, this 5G


Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks. The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia. Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch. However, this 5G
Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: artur widak, nurphoto, getty images
Keywords: news, cnbc, companies, huawei, bed, 5g, telecoms, bar, thai, thailand, site, chinese, launches, allies, southeast, states, united, urges, gear, test


Thailand launches Huawei 5G test bed, even as US urges allies to bar Chinese gear

Thailand on Friday launched a Huawei Technologies 5G test bed, even as the United States urges its allies to bar the Chinese telecoms giant from building next-generation mobile networks.

Huawei, the world’s top producer of telecoms equipment and second-biggest maker of smartphones, has been facing mounting international scrutiny amid fears China could use its equipment for espionage, a concern the company says is unfounded.

The 5G test bed in Thailand, the United States’ oldest ally in Asia, will be Huawei’s first in Southeast Asia.

Thailand’s cooperation with Huawei on the test bed does not mean it is not concerned about security issues, Minister of Digital Economy Pichet Durongkaveroj told Reuters at the launch.

“We keep a close watch on the allegations worldwide. However, this 5G test bed project is a testing period for the country,” Pichet added. “We can make observations which will be useful to either confirm or disconfirm the allegations.”

Pichet was speaking at the test site in Chonburi, the heart of the Thai military government’s $45 billion economic project — the Eastern Economic Corridor (EEC) — about 90 km southeast of Bangkok. Vendors like Nokia, Ericsson and Thai telecoms operators have also set up 5G labs at the site.


Company: cnbc, Activity: cnbc, Date: 2019-02-08  Authors: artur widak, nurphoto, getty images
Keywords: news, cnbc, companies, huawei, bed, 5g, telecoms, bar, thai, thailand, site, chinese, launches, allies, southeast, states, united, urges, gear, test


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UN interviews Saudi teen seeking asylum in Thailand

“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement. Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia. Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition. In Australia, a senator, Sarah Hanson-Young, called on her government, through social media


“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement. Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia. Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition. In Australia, a senator, Sarah Hanson-Young, called on her government, through social media
UN interviews Saudi teen seeking asylum in Thailand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08
Keywords: news, cnbc, companies, bangkok, teen, interviews, saudi, travel, thailand, refugee, social, seeking, women, asylum, australia, case


UN interviews Saudi teen seeking asylum in Thailand

The U.N. refugee agency on Tuesday said it was investigating the case of an 18-year-old Saudi woman who fled to Thailand saying she feared her family would kill her and barricaded herself in a Bangkok airport hotel room to avoid being sent back.

Lawmakers and activists in Australia and Britain urged their governments to grant asylum to Rahaf Mohammed al-Qunun, who was finally allowed by Thailand to enter the country late on Monday, after nearly 48 hours stranded at Bangkok airport under threat of being expelled.

She is staying in a Bangkok hotel with her application for refugee status being processed by the United Nations refugee agency (UNHCR) before she can seek asylum in a third country.

UNHCR staff were interviewing her on Tuesday after meeting her the day before.

“It could take several days to process the case and determine next steps,” UNHCR’s Thailand representative Giuseppe de Vincentiis said in a statement.

“We are very grateful that the Thai authorities did not send back (Qunun) against her will and are extending protection to her,” he said.

The case has drawn new global attention to Saudi Arabia’s strict social rules, including a requirement that women have the permission of a male “guardian” to travel, which rights groups say can trap women and girls as prisoners of abusive families.

It comes at a time when Riyadh is facing unusually intense scrutiny from its Western allies over the killing of a journalist at its consulate in Istanbul in October and over the humanitarian consequences of its war in Yemen.

Qunun’s plight unfolded on social media, drawing support from around the world, which convinced Thai authorities to back down from sending her back to Saudi Arabia.

Saudi Arabia’s embassy in Thailand denied reports that Riyadh had requested her extradition.

In Australia, a senator, Sarah Hanson-Young, called on her government, through social media, to issue Qunun an emergency travel document so she could fly to Australia to seek asylum.

The Australian government said it was monitoring the case closely highlighting that “the claims made by Ms Al-Qunun that she may be harmed if returned to Saudi Arabia are deeply concerning”, said a spokesperson for the Department of Foreign Affairs and Trade.

A woman in Britain had launched an online petition calling on Foreign Secretary Jeremy Hunt to grant Qunan asylum and issue her an emergency travel document.

Within hours of launching the petition it had secured thousands of signatures.


Company: cnbc, Activity: cnbc, Date: 2019-01-08
Keywords: news, cnbc, companies, bangkok, teen, interviews, saudi, travel, thailand, refugee, social, seeking, women, asylum, australia, case


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Tropical storm’s rain, surging seas strike Thai beaches

Rain, winds and surging seawater buffeted coastal villages and world-famous tourist resorts Friday, as Tropical Storm Pabuk made landfall on southern Thailand’s east coast. Earlier Friday, authorities in Nakhon Si Thammarat province, about 800 kilometers (480 miles) south of Bangkok, drove trucks through flooded streets with downed power lines, urging people to leave. But this time, we got a tropical storm coming. Thai authorities suspended ferry services in the Gulf of Thailand and flights to N


Rain, winds and surging seawater buffeted coastal villages and world-famous tourist resorts Friday, as Tropical Storm Pabuk made landfall on southern Thailand’s east coast. Earlier Friday, authorities in Nakhon Si Thammarat province, about 800 kilometers (480 miles) south of Bangkok, drove trucks through flooded streets with downed power lines, urging people to leave. But this time, we got a tropical storm coming. Thai authorities suspended ferry services in the Gulf of Thailand and flights to N
Tropical storm’s rain, surging seas strike Thai beaches Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, si, strike, rain, thai, surging, gulf, tropical, winds, storm, nakhon, storms, thammarat, koh, thailand, beaches, stay, seas


Tropical storm's rain, surging seas strike Thai beaches

Rain, winds and surging seawater buffeted coastal villages and world-famous tourist resorts Friday, as Tropical Storm Pabuk made landfall on southern Thailand’s east coast.

The storm, with maximum sustained winds of 70 kph (42 mph), hit the shore of Nakhon Si Thammarat province Friday afternoon and was roaring westward at 20 kph (12 mph), said Phuwieng Prakhammintara, director-general of the Thai Meteorological Department.

“We can expect heavy rain and downpours, flooding and flash floods in the area throughout the night,” he warned at a news conference.

Earlier Friday, authorities in Nakhon Si Thammarat province, about 800 kilometers (480 miles) south of Bangkok, drove trucks through flooded streets with downed power lines, urging people to leave.

“Anyone still inside. Please make noise and officials will help you out. You cannot stay here. You cannot stay here. It’s too dangerous,” they said from truck-mounted loudspeakers.

While torrential rain and strong winds are expected to affect more than a dozen other provinces, Nakon Si Thammarat and Surat Thani, home to the tourist islands of Koh Samui, Koh Tao and Koh Phangan, are expected to be the hardest hit.

The Meteorological Department said Friday morning that waves 3 to 5 meters (10 to 16 feet) high were possible in the Gulf of Thailand on the east coast, and 2 to 3 meters (6 to 10 feet) high in the Andaman Sea on the west coast. It warned of strong winds and storm surges on the gulf side and said all ships should stay berthed on land through Saturday.

In Nakhon Si Thammarat’s Pak Phanang district, where the storm later made landfall, a father and a son rushed off with their belongings on their pickup truck, quickly telling reporters the roof of their house was already damaged.

Officials used trucks to help fishermen move boats off the beach, which was being beaten up by strong waves.

“You can’t stay around here,” local official Dahloh Bin Samah said in a beachfront interview aired on local TV. “These will be all razed down. Every monsoon, beachfront restaurants around here are damaged every year. But this time, we got a tropical storm coming. There won’t be anything left. Nothing.”

Thai authorities suspended ferry services in the Gulf of Thailand and flights to Nakhon Si Thammarat and Koh Samui were canceled.

On Koh Samui, beach guards hoisted red flags to warn people to stay out of the sea. Police patrolled beaches, although many were almost deserted.

There are fears that the storm will be the worst to hit Thailand since 1989, when Typhoon Gay left more than 400 people dead. A tropical storm in 1962 killed more than 900 people in the south.

Two natural gas production platforms in the Gulf of Thailand directly in the path of the storm suspended operations and had their personnel evacuated to shore, said the exploration and production arm of the Thai state oil company PTT. It said drilling rigs and vessels had been moved to unaffected areas, and gas production at a third platform remained operating to help meet energy needs.


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: lillian suwanrumpha, afp, getty images
Keywords: news, cnbc, companies, si, strike, rain, thai, surging, gulf, tropical, winds, storm, nakhon, storms, thammarat, koh, thailand, beaches, stay, seas


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Thailand approves medical marijuana in New Year’s ‘gift’

Thailand approved marijuana for medical use and research on Tuesday, the first legalization of the drug in a region with some of the world’s strictest drug laws. While countries from Colombia to Canada have legalized marijuana for medical or even recreational use, the drug remains illegal and taboo across much of Southeast Asia, which has some of the world’s harshest punishments for drug law violations. Marijuana traffickers can be subject to the death penalty in Singapore, Indonesia and Malaysi


Thailand approved marijuana for medical use and research on Tuesday, the first legalization of the drug in a region with some of the world’s strictest drug laws. While countries from Colombia to Canada have legalized marijuana for medical or even recreational use, the drug remains illegal and taboo across much of Southeast Asia, which has some of the world’s harshest punishments for drug law violations. Marijuana traffickers can be subject to the death penalty in Singapore, Indonesia and Malaysi
Thailand approves medical marijuana in New Year’s ‘gift’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: taylor weidman, bloomberg, getty images
Keywords: news, cnbc, companies, thai, worlds, thailand, marijuana, requests, recreational, parliamentary, gift, legalization, approves, medical, drug


Thailand approves medical marijuana in New Year's 'gift'

Thailand approved marijuana for medical use and research on Tuesday, the first legalization of the drug in a region with some of the world’s strictest drug laws.

The junta-appointed parliament in Thailand, a country which until the 1930s had a tradition of using marijuana to relieve pain and fatigue, voted to amend the Narcotic Act of 1979 in an extra parliamentary session handling a rush of bills before the New Year’s holidays.

“This is a New Year’s gift from the National Legislative Assembly to the government and the Thai people,” said Somchai Sawangkarn, chairman of the drafting committee, in a televised parliamentary session.

While countries from Colombia to Canada have legalized marijuana for medical or even recreational use, the drug remains illegal and taboo across much of Southeast Asia, which has some of the world’s harshest punishments for drug law violations.

Marijuana traffickers can be subject to the death penalty in Singapore, Indonesia and Malaysia.

But in Thailand, the main controversy with legalization involved patent requests by foreign firms that could allow them to dominate the market, making it harder for Thai patients to access medicines and for Thai researchers to access marijuana extracts.

“We’re going to demand that the government revoke all these requests before the law takes effect,” said Panthep Puapongpan, Dean of the Rangsit Institute of Integrative Medicine and Anti-Aging.

Some Thai advocates hope that Tuesday’s approval will pave the way for legalization for recreational use.

“This is the first baby step forward,” said Chokwan Chopaka, an activist with Highland Network, a cannabis legalization advocacy group in Thailand.


Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: taylor weidman, bloomberg, getty images
Keywords: news, cnbc, companies, thai, worlds, thailand, marijuana, requests, recreational, parliamentary, gift, legalization, approves, medical, drug


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Thailand’s Kasikornbank invests $50 million in ride-hailing firm Grab

Thailand’s Kasikornbank said Thursday it had invested $50 million in Singapore’s Grab, forming a partnership that will help launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019. GrabPay is one aspect of Grab’s strategy to transform into a technology firm from being purely a ride-hailing business — a business not yet fully regulated in Thailand. Patchara also said Grab’s app will be integrated with Kasikornbank’s K PLUS app, and that the bank will eventually provide lo


Thailand’s Kasikornbank said Thursday it had invested $50 million in Singapore’s Grab, forming a partnership that will help launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019. GrabPay is one aspect of Grab’s strategy to transform into a technology firm from being purely a ride-hailing business — a business not yet fully regulated in Thailand. Patchara also said Grab’s app will be integrated with Kasikornbank’s K PLUS app, and that the bank will eventually provide lo
Thailand’s Kasikornbank invests $50 million in ride-hailing firm Grab Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, app, statementgrabpay, grab, southeast, thailand, kasikornbank, grabs, wallet, investment, firm, million, thailands, 50, service, ridehailing, invests


Thailand's Kasikornbank invests $50 million in ride-hailing firm Grab

Thailand’s Kasikornbank said Thursday it had invested $50 million in Singapore’s Grab, forming a partnership that will help launch the GrabPay electronic wallet in its sixth Southeast Asian market in 2019.

Thailand’s fourth-largest bank also said the tie-up will allow it to use Grab’s data on merchants and drivers to formulate loan products and minimize non-performing loans.

“Our co-branded mobile wallet and strategic investment in Grab enables us to bring Grab’s scale to our merchant and consumer network in Thailand,” Kasikornbank President Patchara Samalapa said in a statement.

GrabPay is one aspect of Grab’s strategy to transform into a technology firm from being purely a ride-hailing business — a business not yet fully regulated in Thailand. The service is accessible via Grab’s smartphone application, and in Thailand will be branded “GrabPay by KBank.”

Patchara also said Grab’s app will be integrated with Kasikornbank’s K PLUS app, and that the bank will eventually provide loans via apps.

“This also advances our ambition to build an Everyday Super App to serve the daily needs of our consumers,” Grab Thailand chief Tarin Thaniyavarn said in the statement.

GrabPay by KBank will compete with TrueMoney from True Corp as well as Rabbit Line Pay from messaging application LINE – owned by South Korea’s Naver – offered in conjunction with local telecommunications firm Advanced Info Service and mass transit firm BTS Group Holdings.

Kasikornbank is the latest financial institution to form a partnership with Grab as the tech firm expands in the sector, with other partners including Malayan Banking and Mastercard.

The investment, while relatively small, is the first from Southeast Asia’s second-largest economy.

It is part of a funding round in which Grab has so far raised about $2.7 billion from investors such as Booking Holdings, Microsoft, Toyota and Hyundai, as well as financial institutions including OppenheimerFunds, Goldman Sachs Investment Partners and Citi Ventures.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, app, statementgrabpay, grab, southeast, thailand, kasikornbank, grabs, wallet, investment, firm, million, thailands, 50, service, ridehailing, invests


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Thailand’s central bank can afford to wait before hiking rates

Thailand is likely to keep benchmark interest rates on hold this week, according to the consensus view of strategists contacted by CNBC. That exceeded a forecast of 4.5 percent, though growth expanded at a slower pace quarter-on-quarter, and ING economists said investment remains a “missing link” in the economy. The state planning agency kept its 2018 growth forecast at 4.2 to 4.7 percent and raised its projection for export gains despite escalating global trade tensions. “Strong quarterly GDP g


Thailand is likely to keep benchmark interest rates on hold this week, according to the consensus view of strategists contacted by CNBC. That exceeded a forecast of 4.5 percent, though growth expanded at a slower pace quarter-on-quarter, and ING economists said investment remains a “missing link” in the economy. The state planning agency kept its 2018 growth forecast at 4.2 to 4.7 percent and raised its projection for export gains despite escalating global trade tensions. “Strong quarterly GDP g
Thailand’s central bank can afford to wait before hiking rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: sri jegarajah, david silverman, getty images news, getty images
Keywords: news, cnbc, companies, view, 45, week, wait, thailand, growth, forecast, rates, rate, central, afford, hike, hiking, yearonyear, bank, thailands


Thailand's central bank can afford to wait before hiking rates

Thailand is likely to keep benchmark interest rates on hold this week, according to the consensus view of strategists contacted by CNBC.

The country’s central bank, which meets Wednesday to decide on policy, is under pressure to raise the lending rate from a record low of 1.5 percent after the economy grew 4.6 percent in the second quarter from a year ago. That exceeded a forecast of 4.5 percent, though growth expanded at a slower pace quarter-on-quarter, and ING economists said investment remains a “missing link” in the economy.

The state planning agency kept its 2018 growth forecast at 4.2 to 4.7 percent and raised its projection for export gains despite escalating global trade tensions.

“Strong quarterly GDP growth above 4.5 percent year-on-year coupled with full employment is a recipe for the upcoming [Bank of Thailand] rate hike,” Koon How Heng, head of Markets Strategy at UOB, said in an e-mail on Friday. “A rate hike on Wednesday may be a bit premature as we need to see a more pronounced pick up in Thailand’s [consumer price index] towards the mid-point of the BoT’s inflation target range from 1% to 4%. Currently, Thailand headline CPI is 1.6 percent as of August.”


Company: cnbc, Activity: cnbc, Date: 2018-09-18  Authors: sri jegarajah, david silverman, getty images news, getty images
Keywords: news, cnbc, companies, view, 45, week, wait, thailand, growth, forecast, rates, rate, central, afford, hike, hiking, yearonyear, bank, thailands


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Indonesia’s Go-Jek could ‘soon’ launch its ride-hailing app in Thailand

Indonesia’s largest ride-hailing, payments and services company, Go-Jek, plans to expand its presence across more markets in Southeast Asia in the near future, according to its president. After officially launching its services in Vietnam earlier this week, Go-Jek is building up its operations in Thailand and working with regulators in Singapore and the Philippines, Andre Soelistyo told CNBC on Friday. Earlier in May, Go-Jek announced that it would invest about $500 million to move into the four


Indonesia’s largest ride-hailing, payments and services company, Go-Jek, plans to expand its presence across more markets in Southeast Asia in the near future, according to its president. After officially launching its services in Vietnam earlier this week, Go-Jek is building up its operations in Thailand and working with regulators in Singapore and the Philippines, Andre Soelistyo told CNBC on Friday. Earlier in May, Go-Jek announced that it would invest about $500 million to move into the four
Indonesia’s Go-Jek could ‘soon’ launch its ride-hailing app in Thailand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, vietnam, services, app, indonesias, thailand, gojek, launch, local, regulators, soon, teams, singapore, ridehailing, working, company


Indonesia's Go-Jek could 'soon' launch its ride-hailing app in Thailand

Indonesia’s largest ride-hailing, payments and services company, Go-Jek, plans to expand its presence across more markets in Southeast Asia in the near future, according to its president.

After officially launching its services in Vietnam earlier this week, Go-Jek is building up its operations in Thailand and working with regulators in Singapore and the Philippines, Andre Soelistyo told CNBC on Friday.

“Thailand is coming very soon … the team is already working to operationalize the product,” he said, adding that, for Singapore and the Philippines, “we’re still working it out with local regulators, local teams to make sure that all the requirements are being checked properly, before we do the expansion.”

Earlier in May, Go-Jek announced that it would invest about $500 million to move into the four markets over the next several months. The company said it would provide “technological support and expertise” to local founding teams that would then work on gaining traction in each of those countries.

The mobile app that was launched in Vietnam is called Go-Viet and is now available in the major cities of Hanoi and Ho Chi Minh City. On that app, users can book two-wheel rides and make use of courier services — the company said there are plans to introduce four-wheel ride-hailing, food delivery and digital payment services on the application in the future.

Soelistyo said the decision to launch first in Vietnam had several motivations, including its cultural similarity to Indonesia, and the high social media penetration rate.


Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, vietnam, services, app, indonesias, thailand, gojek, launch, local, regulators, soon, teams, singapore, ridehailing, working, company


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Elon Musk attacks British cave diver for a third time, calling him a ‘child rapist’

Elon Musk has once again attacked a British man who helped rescue a boys’ soccer team trapped in a flooded cave in Thailand, calling him a “child rapist.” Musk accused Unsworth in the email of being a “child rapist,” in the strongest words the billionaire has had for the explorer since referring to him as a “pedo guy” in July. Last month, Musk tweeted that it was “strange” that Unsworth had not sued him for the July comments. Musk had said the email was off the record, but BuzzFeed said it didn’


Elon Musk has once again attacked a British man who helped rescue a boys’ soccer team trapped in a flooded cave in Thailand, calling him a “child rapist.” Musk accused Unsworth in the email of being a “child rapist,” in the strongest words the billionaire has had for the explorer since referring to him as a “pedo guy” in July. Last month, Musk tweeted that it was “strange” that Unsworth had not sued him for the July comments. Musk had said the email was off the record, but BuzzFeed said it didn’
Elon Musk attacks British cave diver for a third time, calling him a ‘child rapist’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-05  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, trapped, elon, musk, attacks, thailand, diver, email, tesla, buzzfeed, child, cave, unsworth, boys, british, calling, rapist


Elon Musk attacks British cave diver for a third time, calling him a 'child rapist'

Elon Musk has once again attacked a British man who helped rescue a boys’ soccer team trapped in a flooded cave in Thailand, calling him a “child rapist.”

In an email to BuzzFeed News, the Tesla chief executive launched a third attack on cave diver Vernon Unsworth, who called Musk’s idea to rescue the trapped boys and their coach with a miniature submarine a “PR stunt.”

Musk accused Unsworth in the email of being a “child rapist,” in the strongest words the billionaire has had for the explorer since referring to him as a “pedo guy” in July. Last month, Musk tweeted that it was “strange” that Unsworth had not sued him for the July comments.

Tesla shares were down 1.1 percent in premarket trading Wednesday.

Representatives for Musk and three of his companies — Tesla, SpaceX and The Boring Company — did not immediately reply to CNBC requests for comment.

Musk’s initial tweet in July dampened investor sentiment in Tesla, with shares falling on the day on concerns over the executive’s leadership, public image and his presence on Twitter.

Musk told BuzzFeed on Tuesday: “I suggest that you call people you know in Thailand, find out what’s actually going on and stop defending child rapists, you f—— a——.” Musk had said the email was off the record, but BuzzFeed said it didn’t agree to the condition.

Musk alleged that Unsworth had traveled to and lived in Thailand for “30 to 40 years” and claimed — without providing evidence — that he eventually moved to Chiang Rai to find a child bride. Unsworth denied those claims, according to the news site.

Chiang Rai is the province in which the Wild Boar youth soccer team became trapped in the flooded cave. The boys and their coach were subsequently saved after weeks of efforts by local and international rescuers.

“As for this alleged threat of a lawsuit, which magically appeared when I raised the issue (nothing was sent or raised beforehand), I f—— hope he sues me,” Musk said in the email to BuzzFeed.


Company: cnbc, Activity: cnbc, Date: 2018-09-05  Authors: ryan browne, patrick t fallon, bloomberg, getty images
Keywords: news, cnbc, companies, trapped, elon, musk, attacks, thailand, diver, email, tesla, buzzfeed, child, cave, unsworth, boys, british, calling, rapist


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