Connect with us
Wise usd campaign
ADVERTISEMENT

Markets

Thailand Looks at Nuclear Power as Part of Alternative Energy Plans

Like many developing countries, Thailand is looking for ways to ease its reliance on costly imported oil and gas. A new government plan includes nuclear power, bio-fuels and solar energy among potential energy sources for the country.

Published

on

Like many developing countries, Thailand is looking for ways to ease its reliance on costly imported oil and gas. A new government plan includes nuclear power, bio-fuels and solar energy among potential energy sources for the country.

Thailand’s goal, set out in a new power development plan, is to almost double energy output over the next decade. To do so will require construction of at least two nuclear power plants.

Tara Buakamsri, a campaign director with the environmental group Greenpeace, says the nuclear path is just one of several the government has considered in its energy strategy.

“They want to diversify because Thailand is very much relying on gas, natural gas so they want to bring in new coal-fired power stations and also nuclear,” he explained. “At the moment they are proposing five to seven nuclear reactors into the power development plan. So that’s one of the most controversial issues for power development for the next 20 years.”

A special study of nuclear power costs and its risks will be done and will be submitted to the Cabinet in 2011.

“Next year the Cabinet will be making a decision whether Thailand should go nuclear or not. So this is a one-year window for civil society who wants to see a better energy system for Thailand to take on the nuclear debate. So it’s not easy for the government – even with political change – if they want to push Thailand to go nuclear.”

Another option under the power development plan is for Thailand to draw more energy from neighbors Laos, Burma and China through gas and hydroelectricity. The government plan says Thailand could meet as much as 25 percent of its power needs this way.

via Thailand Looks at Nuclear Power as Part of Alternative Energy Plans

Business

US Companies Overlook China as a Viable Business Opportunity Amid Growing Challenges – Organiser

Published

on

US businesses are increasingly overlooking China as a viable market due to escalating challenges, leading to a shift in focus toward alternative opportunities and partnerships.


Declining Interest in Chinese Markets

US businesses are increasingly viewing China as a less viable opportunity due to a rising number of challenges. Economic uncertainties, regulatory hurdles, and geopolitical tensions are among the key factors that have contributed to this shift in perspective. Companies that once saw China as a prime destination for investment are now reassessing their strategies and looking elsewhere.

Shift in Business Strategies

Many American firms are pivoting their focus to more stable markets. This realignment is driven by the need to reduce risk in their global supply chains and diversify their operations. As a result, countries in Southeast Asia and Latin America are becoming attractive alternatives for US businesses in search of new opportunities.

Long-Term Implications

This trend could have significant long-term implications for both economies. The diminished interest in China might alter the landscape of global trade and investment patterns. As US companies seek to mitigate risks, there could be lasting effects on China’s market growth and its role as a manufacturing hub.

Source : US businesses dismiss China as a business opportunity amid rising challenges – Organiser

Continue Reading

Business

Nigeria and China Revive Currency Swap Agreement – Guardian Nigeria

Published

on

Nigeria and China have renewed their currency swap deal, enhancing economic cooperation and facilitating trade between the two nations, as reported by Guardian Nigeria.


Currency Swap Deal Renewed

Nigeria and China have officially renewed their currency swap agreement, which is vital for strengthening economic ties between the two nations. This deal is designed to enhance trade relations, making transactions more efficient and less vulnerable to fluctuations in foreign exchange markets.

Benefits for Both Nations

The renewed agreement allows both countries to conduct trade using their local currencies, thereby reducing dependence on the U.S. dollar. This initiative is expected to foster economic stability and boost bilateral trade, benefiting businesses on both sides significantly.

Future Prospects

As the agreement takes effect, it is anticipated that Nigeria will experience easier access to Chinese goods and investments. This partnership not only promises immediate economic advantages but also signals a long-term commitment to closer collaboration between Nigeria and China, paving the way for future developments in trade and infrastructure.

Source : Nigeria, China renew currency swap deal – Guardian Nigeria

Continue Reading

Business

China’s Travel Surge: Expanded Visa Exemptions Enhance Tourism and Business Prospects, Improving Access for Travelers and Strengthening Global Connectivity – Travel And Tour World

Published

on

TTW

China has improved travel access by expanding visa exemptions, attracting millions of international visitors and fostering cultural exchanges, while enhancing global connectivity and positively shifting perceptions of the country.


The Shift in China’s Travel Landscape

China is experiencing a travel boom driven by a significant reduction in visa restrictions. Starting December 1, 2023, travelers from 38 countries, including major European nations, can visit visa-free for up to 30 days. This change reflects China’s commitment to enhance global mobility and revitalize its tourism industry post-pandemic. As a result, international arrivals increased to over 8.1 million by the third quarter of 2024, marking a 48.8% rise from the previous year.

Exploring Beyond Traditional Destinations

The new access has prompted travelers to seek immersive experiences, venturing beyond iconic sites like the Forbidden City. Tourists increasingly explore local cultures and markets, enhancing their understanding of daily life in China. Guides have adapted, offering tours that include cultural hotspots and local culinary experiences, thereby enriching the overall visitor journey and promoting authentic engagement.

Broader Implications for Global Connectivity

China’s visa-free initiatives foster greater international connectivity and cooperation in trade. As foreign travelers find it easier to engage with Chinese businesses, reciprocal visa easings may follow globally. The improved perceptions of safety and hospitality, highlighted through social media, contribute to a renewed interest in China’s diverse cultural landscape and its potential as a primary travel destination.

Source : China’s Travel Boom Expanded Visa Exemptions Boost Tourism and Business Opportunities, Easing Access for Travelers and Strengthening Global Connectivity – Travel And Tour World

Continue Reading