ASEAN commemorates Youth in Climate Action and Disaster Resilience Day 2021

JAKARTA, 30 November 2021 – The ASEAN Secretariat hosted an interactive webinar to commemorate ASEAN Youth in Climate Action and Disaster Resilience Day on 25 November.

The webinar brought together ASEAN stakeholders, youth leaders and champions, under the theme “Teaming Up with You(th) for a Disaster Resilient and Climate-Friendly ASEAN”. Representatives of NGOs, CSOs and private sectors in the field of youth development and empowerment, climate change adaptation and disaster risk reduction were also present.

Alexa Danielle C. Dayanghirang, Commissioner of the Philippines National Youth Commission, delivered opening remarks to kick-start the virtual event. She emphasised the importance of prioritising youth’s participation and empowerment, considering the crucial role of youth in realising a climate-friendly and disaster-resilient ASEAN.

An intergenerational dialogue titled ‘Teaming up with You(th) for a Disaster-Resilient and Climate-Frie…

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Thailand Reopening: Exemption from Quarantine (TEST & GO)

Before You Arrive Requirements: Travel by air from the approved countries/territories where travellers must have stayed for 21 days or more. Returning Thais and foreign residents, who previously travelled from Thailand, are exempt from this requirement. Required Documents: A Certificate of Vaccination (fully vaccinated) with an approved vaccine at least 14 days before travelling. Those previously infected within 3 months must have received 1 dose of an approved vaccine at least 14 days before travelling. Travellers under 12 years of age, travelling with parents or guardians, are exempt from the vaccination requirement. A Medical Certificate with an RT-PCR lab result indicating that COVID-19 is not detected issuedno more than 72 hours before travelling (all travellers). A confirmed payment for a 1-night stay at SHA+, AQ, OQ, or AHQ accommodation, and 1 RT-PCR test. An insurance policy with coverage no less than US$50,000. Applying for a Thailand Pass

(1) Regi…

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Case study: ESG, energy transition and Indonesia

Indonesia’s environmental, social and governance (ESG) priorities centre on the affordable transition to renewable energy, socio-economic growth beyond Jakarta, and improved governance in both the public and private sector.

This ESG Intelligence report details the country’s growing role in the global ESG ecosystem, with a focus on topics such as managing transition risks on the path towards net zero, support for local biodiversity, social return on investment and bridging regional gaps in education.

This report marks the first in a two-part series, produced in partnership with Indonesia-listed energy and natural resources company MedcoEnergi. The second report will expand the focus to ESG and the UN Sustainable Development Goals in a regional context, supported by data on national progress towards global targets.

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ASEAN Summit: China Wants to Upgrade Ties to Strategic Comprehensive Partnership

Could resolve South China Sea issues, boost trade, and align regional security

China is looking to upgrade its ASEAN ties to a “Strategic Comprehensive Partnership”. It already has an extensive free trade agreement with the bloc, whose members include Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand, and Vietnam. ASEAN is China’s largest trade partner with annual bilateral volumes at US$685.28 billion in 2020.

Strategic Comprehensive Partnerships go further than trade agreements in that they align laws as well as security and related cooperation and are also the highest level of relationship possible between Governments. ASEAN already cooperates with China to some extent in the security aspect as it is a permanent attendee of the Shanghai Cooperation Organization.

The Strategic Comprehensive Partnership proposal was made by Chinese Premier Li Keqiang on the sidelines of this week’s ASEAN summit and was revealed by Sin…

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S&P maintains Thailand’s credit rating at BBB+ with stable outlook

Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.

Government Spokesman Thanakorn Wangboonkongchana said the agency maintained Thailand’s credit rating at BBB with a stable outlook. In its report, S&P expects the country’s economic recovery to be driven by export and tourism, thanks to the higher vaccination uptake and COVID-19 containment measures.

The government’s continued investment promotion campaign will result in the overall economy rebounding to the pre-pandemic level from 2023.

S&P’s assessment shows Thailand’s external finance sector remains robust from the current account surplus, high liquidity, and high foreign exchange reserves. In addition, the country’s monetary and pricing stability policies have contributed positively to the c…

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Use 1xBet mobile app for convenient betting on Atletico

In the previous season Atletico Madrid often spoiled the nerves of their fans, now and then missing a huge advantage over competitors. In the current season, the start is not yet very good, but all newcomers haven’t yet been involved; the team signed enough of them to strengthen the roster.

You can watch the results of the Mattress Makers in any place where there is Internet using the 1xBet mobile app. The utility allows you to perform all actions similar to the official portal, therefore it will be possible to place bets, play in the casino and enjoy other types of entertainment.

Diego Simeone is pleased with the roster, because the management has done a great job. Saul Niguez left, but they wanted to sell the Spaniard anyway. His place will be taken by the equally talented Rodrigo De Paul. High-quality reinforcement will allow the club to compete not only for national trophies but also for the Champions League. It is worth highlighting the followi…

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Thailand’s economic growth expected to return to 2019 levels in mid-2023

The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.

 The SCB Economic Intelligence Center (EIC) revised Thailand’s economic forecast for 2021 downward to 0.7% from 0.9% previously following a severe and prolonged third-wave outbreak which led to adverse impacts on private consumption.

For 2022, EIC forecasts Thailand’s economy to grow 3.4% with recoveries in both domestic and external demand.

EIC expects the situation to improve in the beginning of the fourth quarter from a significantly higher rate of fully-vaccinated individuals, which would benefit confidence and domestic economic activity recovery.

Exports have continued to expand but should slightly slow throughout the rest of the year from a higher base and the spread of the Delta variant, w…

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Thailand aims to push its games and content industry

Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

In past decades, Thailand has relied on traditional sectors like agriculture, vehicle building and exports, textiles and garments to drive the engines of development. Though Thailand has successfully diversified its economy base into tourism, health care, and other services, the country appears to be in the midst of a prolonged middle-income malaise.

Recently, the government has stepped up its activities by launching a national master plan to move into the higher-value segment of economic activity generating larger incoming revenue for all parties. Then, the digital industry was chosen as one of the new S-curve industries expected to propel a new round of growth.

The Digital Economy Promotion Agency (DEPA)

The Digital Economy Promotion Agency (DEPA) was established in 2017. Among…

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Thailand Raises Public Debt Ceiling from 60% to 70% of GDP

Thailand’s State Monetary and Fiscal Policy Committee has decided to raise the ceiling of the public debt-to-GDP ratio from 60% to 70%, which will allow further public sector borrowing to rehabilitate the economy battered by COVID-19.

Finance Minister Arkhom Termpittayapaisith said the decision is intended to provide the government with more fiscal manoeuvrability should the need arise for the government to borrow more money to carry out medium-term financial policies.

He said the ministry will propose the new limit at Tuesday’s Cabinet meeting and assured that the government still has the ability to repay debts. The government has, so far, borrowed 1.5 trillion baht to fund COVID-19 relief and stimulus programs, 500 billion baht of which was approved this year.

Mr. Arkhom said the raising of the ceiling is in line with Section 50 of the 2018 State Fiscal and Financial Discipline Act, which authorizes the committee to revise the ratio every…

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Thailand Approves Package to Attract Wealthy Foreigners and Professionals

Thailand’s Cabinet has approved an economic stimulus and investment promotion package aimed at attracting wealthy foreigners and highly skilled professionals from overseas to help revive the post-COVID economy.

Government spokesman Thanakorn Wangboonkongchana said benefits in the package include a 10-year Thai visa for not only approved special visitors but also their spouses and children, automatic work permits, the same rates of income tax as Thai citizens, tax exemption for income earned abroad and ownership of property and land.

He said the goal is to attract one million wealthy foreigners within five years, generating about 1 trillion baht of spending, 800 billion baht of investment and 270 billion baht in tax income.

The new measures will offer long-term residency visas for four categories of foreigners: rich global citizens, wealthy pensioners, professionals working in Thailand and highly-skilled workers.

Mr. Thanakorn adde…

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