Thailand - CybAI news

18 Aug

Political Turmoil Threatens Baht Resurgence as Traders Await BOT

stp2y0 CommentsRAG modelsCREDIT AGRICOLE SA, Currency, Emerging Markets, Interest Rates, JULY SARL/CAEN, policy, Technology, Thai Baht Spot, Thailand, Tourism, US Dollar Spot

The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.The baht has been one of the region’s top performing currencies since the start of July - aided partly by a reboundBloomberg Terminal in tourism - after hitting a near two-year low against the dollar in May. The resurgence may be derailed however, following a tumultuous period that included Paetongtarn Shinawatra winning a parliamentary vote to become the new prime minister, while a court ousted her predecessor. Source link lol

12 Aug

Sea Raises Sellers’ Fees to Above TikTok, Temu to Fatten Margins

stp2y0 CommentsRAG modelsBYTEDANCE LTD, E-commerce, Indonesia, JPMORGAN CHASE & CO, JULY SARL/CAEN, PDD HOLDINGS INC, Philippines, SEA LTD-ADR, Southeast Asia, Technology, Thailand

Sea Ltd.’s Shopee has raised the commissions it charges merchants in many core markets by about a third since the start of the year, underscoring the Southeast Asia e-commerce leader’s renewed attempt of boosting its bottom line.The moves, which haven’t previously been reported, reflect Sea’s growing confidence it can retain merchants in key markets, despite competition from TikTok, Temu and Lazada. Its commission now exceeds its rivals’, with its fee in Thailand rising to as much as 13% in July from 10% previously, according to its website. TikTok charges as much as 8% and Lazada up to 10%, according to…

02 Aug

Apple apologizes for another ad that missed the mark

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Apple pulled the latest short film in its The Underdogs: OOO (Out of Office) series set in Thailand. The tech giant scrubbed it over complaints about stereotypical portrayals of Thailand and its people in certain scenes. reports that Apple issued an apology to the people of Thailand for the fifth film in its Underdogs series. The ad series features a group of travel weary office workers navigating the world using Apple’s various products.Several viewers posted comments criticizing the film’s use of a sepia filter to make Thailand seem underdeveloped. The comments also called out the costuming and scenery decisions in…

19 Jun

Netflix Uses ‘Squid Game’ Playbook for Untapped Southeast Asia

stp2y0 CommentsRAG modelsAsia, business, india, Indonesia, MEDIA PARTNERS, Minyoung Kim, NETFLIX INC, screentime, South Korea, Southeast Asia, Technology, Thailand, Video Streaming

Netflix Inc. is ramping up local production in Southeast Asia, aiming to boost its subscriber base in the populous region even as US rivals are pulling back. The world’s largest streaming TV service is increasing the number of titles available and the number of shows it produces in the region in an effort to reach more viewers, Minyoung Kim, vice president of content for Asia excluding India, said at a company event in Jakarta. Source link lol