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No More Flights at Don Muang Airport After 2015

The Transport Ministry has received the master infrastructure development plan for Suvarnabhumi Airport. It suggests the discontinuation of Don Muang Airport in 2015. Permanent-Secretary for Transport Supoj Saplom said his ministry has received the master plan for infrastructure development at Suvarnabhumi Airport from the International Civil Aviation Organization or ICAO. He noted that ICAO’s plan corresponds to the suggestion by International Air Transport Association, of a single airport. Supoj added that the development plan consists of two phases. The first phase involves a 22-billion-baht investment, from 2012 to 2015.

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The Transport Ministry has received the master infrastructure development plan for Suvarnabhumi Airport. It suggests the discontinuation of Don Muang Airport in 2015. Permanent-Secretary for Transport Supoj Saplom said his ministry has received the master plan for infrastructure development at Suvarnabhumi Airport from the International Civil Aviation Organization or ICAO. He noted that ICAO’s plan corresponds to the suggestion by International Air Transport Association, of a single airport. Supoj added that the development plan consists of two phases. The first phase involves a 22-billion-baht investment, from 2012 to 2015.

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No More Flights at Don Muang Airport After 2015

The output of other sectors was also affected during the recent crisis, although less markedly because they had been growing slower than the sectors linked to external demand.
Overall, domestic demand should provide a positive but limited contribution to growth: vulnerable households lost ground in 2009 and risks are substantial in 2010, as falling agricultural output due to the current drought may offset opportunities from the improved overall economic environment. Household consumption levels, which are highly correlated with the poverty rate, contracted in 2009 despite the rebound in the last quarter of the year, suggesting a likely increase in the poverty rate compared to 2008, especially when compounded by the loss in purchasing power from the food and fuel crisis of 2008. The outlook for 2010 is uncertain : average wages are likely to increase, thanks to the reallocation of labor from agriculture to manufacturing. Although labor markets appear very tight, with unemployment below 1 %, the data do not account for the large number of workers who moved to lower-productivity jobs in agriculture and informal services due to the crisis. Many of these workers are now returning to manufacturing, which offers higher wages than agriculture.

There has been a massive outflow from China, particularly into energy and resources. The more savvy Thai companies are increasingly tailoring their investor relations strategies to the changes in power in the markets.
‘‘Institutional investors want to have the ability to get in or out of a stock without significantly influencing the share price.
Introduction The modern Thai Capital Market traces its origins back to the early 1960s. In 1961 Thailand implemented its first five-year National Economic and Social Development Plan to support the promotion of economic growth and stability as well as to develop the Kingdom’s standard of living. Following upon this, the Second National Economic and Social Development Plan (1967-1971) then proposed for the first time that an orderly securities market be established in order to mobilize additional capital for national economic development.

The creation of Thailand’s first officially sanctioned and regulated securities market was initially proposed as part of the Second National Economic and Social Development Plan (1967-1971). In outlining its proposal for the creation of a supervised securities market, the Second National Development Plan stressed that the market’s most important role would be to mobilize funds to support Thailand’s industrialization and economic development.

Business

China Limits Apple Operations as BYD Manufacturing Moves to India and Southeast Asia Amid Trade Frictions | International Business News – The Times of India

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China is restricting the export of high-tech manufacturing equipment and personnel to India and Southeast Asia, aiming to maintain domestic production amid potential US tariffs, impacting companies like Foxconn and BYD.


China Curbs on High-Tech Manufacturing

China is intensifying restrictions on the movement of employees and specialized equipment essential for high-tech manufacturing in India and Southeast Asia. This measure aims to prevent companies from relocating production due to potential tariffs under the incoming US administration. Beijing has urged local governments to restrict technology transfers and export of manufacturing tools as part of this strategy.

Impact on Foxconn and Apple’s Strategy

Foxconn, Apple’s primary assembly partner, is facing challenges in sending staff and receiving equipment in India, which could impact production. Despite these hurdles, current manufacturing operations remain unaffected. The Chinese government insists it treats all nations equally while reinforcing its domestic production to mitigate job losses and retain foreign investments.

Broader Implications for India

Additionally, these restrictions affect electric vehicle and solar panel manufacturers in India, notably BYD and Waaree Energies. Although the measures are not explicitly targeting India, they complicate the business landscape. As foreign companies seek alternatives to China, these developments are likely to reshape manufacturing strategies amidst ongoing geopolitical tensions.

Source : China Restricts Apple, BYD Manufacturing Shifts to India & Southeast Asia Amid Trade Tensions | International Business News – The Times of India

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Business

EFIS Maroc and China Eastern Airlines Set to Launch Service Between Morocco and China

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China Eastern Airlines is to partner with General Sales & Service Agent (GSSA), the ECS Group, on the launch of three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS).

China Eastern Airlines and EFIS Maroc will launch three weekly flights between Casablanca and Shanghai via Marseille starting January 19, 2025, enhancing cargo logistics for Morocco-China trade, particularly in the automotive sector.


New Flight Route Launch

China Eastern Airlines has partnered with EFIS Maroc to introduce three weekly flights between Casablanca (CMN) and Shanghai (PVG) via Marseille (MRS). This service is set to commence on January 19, 2025, operating on Tuesdays, Fridays, and Sundays, using Boeing 787-900 aircraft with a capacity of 18 tonnes for cargo.

Supporting the Automotive Industry

The service aims to enhance logistical support for the automotive sector, facilitating the secure and timely transport of high-value components between Morocco and China. This new route will not only strengthen local supply chains but also promote economic growth and trade relations between Africa and Asia.

Innovative Cargo Solutions

Jean Ceccaldi, CEO of ECS Group, emphasized that this collaboration marks a significant achievement for EFIS Maroc. Leveraging advanced digital tools like Squair for customs optimization and CargoAi for booking, EFIS Maroc will enhance operational efficiency, ensuring a superior cargo management solution tailored for China Eastern Airlines.

Source : EFIS Maroc and China Eastern Airlines to launch Morocco-China service

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China Considers Selling TikTok US Operations to Musk as a Viable Option – Bloomberg

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China is considering the sale of TikTok’s U.S. operations to Elon Musk as a potential option, according to a report by Bloomberg.


Potential Sale of TikTok to Elon Musk

Reports suggest that China is considering the sale of TikTok’s U.S. operations to Elon Musk as a viable option. This development follows ongoing scrutiny over the app’s data privacy practices and its links to the Chinese government. Officials believe that a sale could alleviate international concerns and preserve the platform’s presence in the U.S. market.

Strategic Implications

The potential transaction raises numerous strategic implications, not only for TikTok but also for Musk’s other ventures. If Musk were to acquire TikTok, it could enhance his digital footprint and provide new avenues for advertising and user engagement. Conversely, it could pose challenges in managing regulatory compliance and addressing data security issues.

Regulatory Hurdles Ahead

Despite the intriguing prospect of a sale, significant regulatory hurdles remain. Any acquisition would require approval from U.S. authorities, who continue to assess the risks associated with foreign ownership of tech companies. The outcome of these discussions could have widespread ramifications for both TikTok and the broader social media landscape.

Source : China Weighs Sale of TikTok US to Musk as a Possible Option – Bloomberg

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