Tag: asia

  • Thailand: Crafting a Secure and Inclusive Future in the Global Digital Arena

    Thailand: Crafting a Secure and Inclusive Future in the Global Digital Arena

    The Thai government has taken significant strides towards fostering an inclusive digital environment. Recent initiatives aim to bridge the digital divide, ensuring that individuals with disabilities have access to technology that enhances their quality of life. Notably, the establishment of digital applications tailored for various disabilities underscores the government’s commitment to this cause. This focus was evident in a seminar led by Mr. Teerawut Thongphak, Deputy Secretary General of the National Digital Economy and Society Committee. The seminar focused on the use of digital applications for people with disabilities and attracted over 200 participants, showcasing a collective effort towards greater inclusivity.

    Thongphak articulated the government’s vision for leveraging technology to support national development. He emphasized the need for robust digital infrastructure that not only reduces social inequalities but also creates equal opportunities for all citizens, particularly those with disabilities. The emphasis on accessibility is pivotal in ensuring that every Thai citizen can utilize digital advancements to improve their lives and contribute to society.

    Thailand 4.0 is a national strategy designed to transform the country into an innovation-driven economy. Inclusivity is a key pillar, and aims to reduce social inequality, promote equal economic opportunities, and ensure that marginalized communities, such as rural populations, benefit from digital advancements.

    Thailand’s National e-Payment initiative aims to promote financial inclusion by providing access to financial services through digital channels. The plan includes the development of digital payment systems to reduce cash dependence and make transactions more accessible for all, including rural and low-income populations.

    The Village Fund is a microfinance initiative that provides small loans to rural communities to foster local development and entrepreneurship. The initiative is designed to promote inclusivity by giving low-income and rural citizens access to capital.

    The Net Pracharat Project has been a cornerstone in expanding broadband access to underserved areas, with over 24,700 rural villages receiving free public Wi-Fi, thus enhancing digital access for rural communities. Complementing this, the Digital Community Center Initiative has established centers in rural areas to provide free internet, digital literacy training, and access to e-commerce and government services, ensuring that even remote communities benefit from digital opportunities.

    In addition to expanding access, Thailand has prioritized digital literacy and workforce development. Programs like the Thailand Digital Workforce Development Program and the Coding Thailand Initiative aim to equip citizens, particularly in rural areas, with digital skills necessary for the modern economy. These initiatives provide free courses on coding, digital marketing, and entrepreneurship, targeting students and small businesses in underserved communities.

    Thailand’s e-government services and smart city initiatives also play a crucial role in bridging the digital divide. By digitalizing public services and integrating digital infrastructure in smart cities like Phuket and Chiang Mai, the government is ensuring that citizens can access essential services online, regardless of their location. These efforts, supported by the Universal Service Obligation Fund, which finances telecom expansion in remote areas, are helping to reduce the digital gap, promoting inclusivity, and empowering marginalized communities to participate in the country’s growing digital economy.

    With Thailand experiencing rapid advancements in mobile connectivity, telcos have become key partners in ensuring that digital services reach all corners of society, including underserved and marginalized populations.

    However, as Thailand undergoes a major digital transformation, senior citizens are at risk of being left behind due to a lack of digital literacy. With around 13 million people aged 60 years or older in a population of 66.05 million, the country is already grappling with the challenges of an aging society. According to the e-Conomy SEA Report 2022, Thailand’s digital economy is expected to reach USD 53 billion by 2025, with a 15% compounded annual growth rate (CAGR), and is projected to double from approximately USD 100 billion to USD 165 billion by 2030.

    Despite these advancements, less than 15% of people aged 75 years or older have internet access in Thailand, as reported by the International Telecommunication Union (ITU). In contrast, the internet access rate among seniors in more developed regions like Hong Kong and Japan is significantly higher. The National Statistical Office’s survey indicated that while 62.1% of the elderly aged 60 years or above have internet access, 37.9% still do not.

    Additionally, 84.3% of Thai seniors have access to smartphones, but those living in rural areas face greater challenges; 44.2% lack internet access, and 18% do not have access to smartphones. This digital divide underscores the need for targeted efforts to improve digital literacy among older adults, ensuring they can engage with the increasingly digital economy.

    Thai telecom companies are actively bridging the digital divide by expanding network infrastructure to rural areas, ensuring underserved communities have access to digital services. AIS, Thailand’s largest mobile operator, has led efforts in rural network expansion by installing mobile towers in remote areas and providing affordable data plans. These initiatives ensure that rural populations can benefit from high-speed internet, supporting online education, healthcare, and economic opportunities.

    True Corporation’s (True) initiatives focus on delivering affordable, high-quality internet to underprivileged schools and communities. True has donated high-speed internet to schools in remote regions, provided low-cost internet packages, and collaborated with the government to distribute digital devices.

    State-owned NT and dtac have also played a key role in fostering inclusivity. NT has expanded internet access through its involvement in smart city and village connectivity projects, ensuring that even remote villages can access government digital services. Meanwhile, dtac’s “Safe Internet” initiative focuses on educating young people in rural communities about responsible internet use, equipping them with essential digital skills. Together, these efforts have significantly contributed to reducing Thailand’s digital divide.

    At the core of Thailand’s inclusivity efforts are several innovative applications developed specifically for individuals with disabilities. These applications cater to a wide range of needs, addressing visual, hearing, mobility, learning, mental, intellectual, and autism-related challenges.

    Among these, the D4D APP PORTAL serves as a comprehensive application center that includes tools like InfoPage for All, which provides essential information on support centers; and My Mood for All, a mental health assessment system.

    Thai developers have created apps that use AI to translate sign language into text and speech in real-time. These tools help bridge the communication gap between hearing-impaired individuals and the wider population.

    Developed by the Department of Land Transport, the “Taxi OK” app includes accessibility features for passengers with disabilities. It allows users to book wheelchair-accessible taxis and provides drivers with instructions to assist passengers.

    Such initiatives highlight how technology can be harnessed to foster a more inclusive society, enabling individuals with disabilities to thrive in a digital-first world.

    The implications of Thailand’s inclusivity initiatives extend beyond individual empowerment; they have the potential to enhance the country’s overall sustainability. By ensuring equal access to digital resources, Thailand is tapping into the capabilities of all its citizens, fostering an environment where diverse talents can contribute to economic growth. This proactive approach not only improves the quality of life for people with disabilities but also enriches society as a whole.

    The economic empowerment of individuals with disabilities is another key benefit of these initiatives. As digital services become more accessible, people with disabilities can explore new avenues for income generation and employment. This shift is critical in reducing economic disparities and enhancing overall economic development in Thailand.

    Thailand’s commitment to creating an inclusive digital environment serves as a model for other nations. By demonstrating that tangible actions can lead to inclusivity, Thailand sets a precedent for global efforts aimed at creating a more equitable society. The country’s experience offers valuable lessons on how to integrate technology and inclusivity, proving that when everyone has the opportunity to contribute, the entire society benefits.

  • Gmail revamps summary cards to streamline email organization

    Gmail revamps summary cards to streamline email organization

    Google is making significant changes to its Gmail summary cards, aiming to make it easier for users to manage the constant flow of information that arrives in their inboxes. These updates are designed to provide a more streamlined and efficient way to access crucial details from emails related to purchases, events, bills, and travel.

    For many years, Gmail has used summary cards to display essential information at the top of emails. These cards have provided a quick snapshot of the content, but with the evolving nature of how people use email, Google recognized the need for a more dynamic and interactive system.

    The redesigned summary cards will feature a fresh look and offer more actionable functionalities. Users can now add events to their Google Calendar directly from the card, invite others, or set reminders for bill payments. The cards will also become more intelligent, organizing key information from related emails and providing real-time updates. This means users can track packages, see the latest status of their orders, and know precisely when to expect deliveries.

    In addition to the updated summary cards within individual emails, Gmail is introducing a new “Happening soon” section at the top of the inbox. This section will initially display purchase summary cards, particularly when a delivery is imminent. For instance, if an estimated delivery date is two days away, the “Happening soon” section will prominently show the purchase summary card, allowing users to see when their package is expected to arrive quickly. If multiple deliveries are scheduled around the same timeframe, the cards will be stacked, and users can expand, dismiss, or click on them to go directly to the corresponding email.

    The updated summary cards will be rolled out in phases. Initially, users will see the new purchase summary cards in individual emails on both Android and iOS devices. In the following months, event, bill, and travel summary cards, along with the “Happening soon” section, will be gradually introduced. Eventually, all four card categories will be available across individual emails, the “Happening soon” section, and Gmail search, ensuring that users can easily find the information they need regardless of how they use Gmail.

    As someone who relies heavily on email for both personal and professional communication, I find these updates to be quite promising. The ability to quickly access crucial information without having to sift through multiple emails is a welcome improvement. I’m particularly interested in the “Happening soon” section, as it seems like a convenient way to stay on top of upcoming deliveries and events. I believe these changes will make Gmail an even more valuable tool for managing my daily tasks and staying organized.

  • BYD recalls 97,000 EVs over fire risk error

    BYD recalls 97,000 EVs over fire risk error

    China’s largest electric vehicle manufacturer BYD is recalling 97,000 units due to a technical error that poses fire risks.

    The Chinese automaker is recalling Dolphin and Yuan Plus EVs produced in China between November 2022 and December 2023 for containing a faulty steering control unit, according to a statement from the State Administration for Market Regulation as reported by Reuters.

    BYD dealers will address the issue at no cost to customers.

    According to the China Association of Automobile Manufacturers, the recalled models were its best-selling in 2023 and accounted for a quarter of the 3 million cars it sold.

    BYD, backed by American investor Warren Buffett, has been rapidly expanding overseas since last year, with distribution outlets set up in Southeast Asia, the Middle East and Africa.

  • Pepper exports hit $1B in 2024, prices surge to 8-year high

    Pepper exports hit $1B in 2024, prices surge to 8-year high

    Pepper exports topped 203,000 tons, fetching US$1 billion, in the first nine months of 2024, with prices rising to their highest levels in eight years.

    This meant value was up 46.9% year-on-year despite a 1.5% drop in volumes, according to customs data. The average export price was $6,239 per ton in September, a 67.5% jump from a year ago.

    Businesses said prices have increased due to a decline in supply caused by weather conditions and farmers’ crop switching.

    Experts said domestic pepper prices are likely to rise further this year, especially with Tet (Lunar New Year) coming around in a few months.

    The Ministry of Industry and Trade’s import and export department forecast global prices to remain high as the country’s pepper production is expected to decrease next year due to drought.

    The Vietnam Pepper Association does not expect global production to meet demand in the next three to five years.

    Pepper is an important agricultural product for Vietnam, which is also the world’s largest exporter of the spice with a 60% market share. Its exports last year were worth $912 million.

  • Vietnam’s high-speed rail fares set at 75% of flight tickets

    Vietnam’s high-speed rail fares set at 75% of flight tickets

    High-speed rail tickets are expected to cost 75% of airfares or VND1.7-6.9 million (US$69-280), according to a pre-feasibility study the government has submitted to the National Assembly.

    The project, one of the most ambitious transport projects in this decade, is set to begin construction in 2026-2027 to link Hanoi and Ho Chi Minh City with a 350-kilometer-per-hour rail.

    First class fares will be VND6.9 million, and two lower tiers will cost VND2.9 million and VND1.7 million, according to the report.

    These are equivalent to 75% of Vietnam Airlines and Vietjet’s fares, and similar to those in other countries, it said, citing fares in Shanghai, Jakarta and Tohoku in Japan.

    The 1,500-kilometer high-speed railroad between Hanoi and HCMC is estimated to cost VND1.7 quadrillion (US$69 billion).

    At $43.7 million per kilometer, the cost would be in the medium range compared to other high-speed rail projects globally, the report said.

    The project comprises four sub-projects that will be developed simultaneously. It is expected to help add 0.97% to GDP annually.

    The 350-kph-maximum rail will pass through 20 provinces and have 23 passenger stations and five cargo stations.

    But it will mostly serve passengers with the current railroad network switching mainly to cargo transport.

  • Telkomsel Teams Up with Circles to Drive Digital Transformation in Southeast Asia

    Telkomsel Teams Up with Circles to Drive Digital Transformation in Southeast Asia

    By using Circles’ Software-as-a-Service (SaaS) platform and products, Telkomsel aims to offer advanced digital services and adopt new technologies quickly. These tools will improve the customer experience by providing better digital interactions and creating opportunities for growth and innovation. With Circles’ technology, Telkomsel can stay ahead of market trends, meet customer needs, and explore new possibilities in the digital world.

    Deepak Gulati, Senior Advisor and Chief Revenue Officer of Circles, is excited about partnering with Telkomsel, a major digital telecommunications company in Southeast Asia. This collaboration demonstrates the value of Circles’ SaaS offerings and migration capabilities on a global scale. It also shows the increasing interest from telecommunications companies worldwide in using Circles for digital transformation and innovation.

    Circles is dedicated to providing great value to Telkomsel, building strong references in the industry, and forming global partnerships that drive digital transformation. Derrick Heng, Director of Marketing at Telkomsel, emphasized the company’s commitment to innovation and meeting customer needs through the latest technologies.

    The partnership with Circles reflects Telkomsel’s dedication to offering cutting-edge solutions in today’s digital world. It aligns with Telkomsel’s vision to empower Indonesians and help individuals, households, and businesses achieve more. With Telkomsel now part of its client base through local partner, Phintraco Consulting, Circles continues to expand its list of major telecommunications partners globally, including KDDI and e&.

  • Thailand’s rice export prices dip to 14-month low

    Thailand’s rice export prices dip to 14-month low

    Thai rice export prices fell to a 14-month low this week due to weak demand and competition from other rice exporting countries.

    Thai 5% broken rice was priced at US$560 per ton, the lowest level since July 20, 2023 and down from $565 last week.

    A Bangkok-based trader said on Thursday that prices could fall further if the Thai baht depreciates. Another trader said the market was waiting to see changes in Indian rice policy in the coming months and that supply was in the harvesting stages.

    Meanwhile, Vietnamese 5% broken rice was exported at $565 per ton on Thursday, according to the Vietnam Food Association, also down from around $580 last week.

    “Prices fell on competition from other suppliers such as Thailand, Cambodia and Myanmar,” a trader based in Ho Chi Minh City said.

  • New Starbucks CEO shakes up China arm’s top management

    New Starbucks CEO shakes up China arm’s top management

    Brian Niccol, who became Starbucks’ CEO earlier this month, has named Molly Liu the sole chief of the coffee chain’s China operations after her one-year tenure as co-CEO.

    Bloomberg reported, citing a post on Starbucks’ WeChat channel, that the management shift aims to hand leadership to “a new generation of successors. ”

    Liu was named China co-CEO last year and had been working alongside Belinda Wong, the company said.

    Wong, who had been overseeing Starbucks’ business in China since 2011, will remain the chairwoman of that market, taking charge of innovation and China’s development strategy and boosting the brand’s social influence.

    The move came as the U.S. coffee chain is struggling with declining sales and growing local competition in China, its second-biggest market globally with over 7,300 locations, according to the trade magazine Restaurant Business.

    Revenues from Starbucks’ China stores dropped 11% year-on-year to US$734 million in the second quarter this year while comparable store sales declined by 14%, according to the South China Morning Post.

    Chinese coffee chains, meanwhile, have been offering customers drinks at much lower prices to compete with the U.S. giant, which has been in China since 1999.

    As CEO, Liu will have to stabilize the business while working toward the goal of opening about 1,700 more stores in that market.

    Her appointment is the second shift in executive management at Starbucks since the new CEO took the helm just over two weeks ago.

    The firm’s CEO for North America, Michael Conway, announced his retirement last week.

    Instead of filling his position, the company plans to hire a global chief brand officer to lead areas such as product and marketing.

  • Thailand approves budget for EV subsidy, offering buyers up to $3,000 per vehicle

    Thailand approves budget for EV subsidy, offering buyers up to $3,000 per vehicle

    The Thai cabinet has approved a budget allocation to fund a subsidy program’s second phase, which offers electric vehicle buyers up to 100,000 baht (US$3,070) per vehicle.

    Under the second phase of the subsidy program called EV 3.5, running from 2024 to 2027, EVs priced less than 2 million baht with batteries of 50 kWh or larger will receive a subsidy of 50,000-100,000 baht per vehicle, and those with smaller batteries will receive 20,000-50,000 baht per vehicle.

    Jirayu Huangsab, an advisor to the Prime Minister, said the budget allocation, amounting to 7.12 billion baht, will be used to subsidize buyers of electric vehicles and motorcycles who have already purchased their vehicles but not yet applied for the government EV subsidy under the EV promotion measures.

    Since the implementation of the EV promotion measures, subsidies have been disbursed for 55,000 EVs, totaling 6.87 billion baht. A budget of more than 5 billion baht is awaiting disbursement.

    In the previous first phase of the program, called EV 3.0, the Excise Department provided subsidies of up to 150,000 baht for EVs priced less than 2 million baht, and up to 18,000 baht for electric motorcycles priced less than 150,000 baht.

    The government provides these subsidies directly to car manufacturers. Once EV buyers register their vehicles, they can submit a request to the manufacturer to claim the subsidy.

    Based on these incentives, various manufacturers have invested to establish

  • DHL Global Forwarding China introduces cross-border e-commerce solution ahead of peak season

    DHL Global Forwarding China introduces cross-border e-commerce solution ahead of peak season

    DHL Global Forwarding, the freight specialist of DHL Group, is introducing a variety of cross-border e-commerce solutions ahead of the year-end holiday shopping season globally. The solutions will offer cross-border shipping from China to the world with different service levels and features, as well as an integrated tracking platform for end-to-end visibility.

    China’s e-commerce sector has continued to grow despite a mixed global economic sentiment. In the first half of 2024, China’s cross-border e-commerce trade totaled 1.22 trillion yuan (EUR155 billion), a 10.5% growth year-on-year.

    “Chinese companies like Shein, Temu, AliExpress and Tik Tok Shop are gaining popularity globally. While the U.S. remains the primary export market, Europe is fast catching up as a critical region for these e-commerce platforms.  In DHL’s recent Global Shopper Trends Report, 53% of European online shoppers purchase goods from China,” said Aditi Rasquinha, CEO of Greater China, DHL Global Forwarding.

    “Cross-border e-commerce business can face many hidden obstacles, especially for small- and middle-sized customers who are not yet familiar with customs and logistics regulations at destination markets. DGF can be a strong and reliable partner for them. Our solution provides Chinese e-commerce companies with a simple and affordable cross-border shipment solution with returns, with full and semi-tracking options,” said Robin Li, Vice President, Global E-commerce Development, DHL Global Forwarding.

    The e-commerce solutions from DHL Global Forwarding China will offer:

    • End-2-End ONE DHL solution in all key markets
    • Fast and Reliable transit time with full track and trace functionality
    • Access to over ten thousand certified e-commerce specialists across the globe with local market expertise
    • Simple IT integration options including APIs, web portals, major marketplaces and e-commerce platforms
    • Different options to cater to the needs of large e-commerce platforms right down to local sellers/Direct-To-Consumer (DTC)

    One of the major advantages of the solution is the direct market access into Europe through the DHL network. The solution will feature:

    • End-to-end fast delivery within 4-5 days from China to Germany
    • Fully managed customs clearance
    • Fast & reliable transit time and doorstep delivery with delivery confirmation
    • End-to-end shipment visibility for senders and recipients via a 24/7 DHL customer portal

    The e-commerce solution will also offer expedited service to other markets such as the rest of Europe, the United Kingdom and the U.S.

    “We are making it easier for our customers to focus on what they do best: bringing their products to a global audience. This solution is designed to help them maximize their reach while minimizing their effort.

    It is particularly timely with the year-end holiday season fast approaching and we are ready to serve the peak season demand,” added Aditi.

  • Saxo Bank Aims for the Crown in Switzerland

    Saxo Bank Aims for the Crown in Switzerland

    Saxo Bank Switzerland is launching a new platform, introducing new products, and enticing customers with special offers during the U.S. elections, all in a bid to dethrone Swissquote. This move adds fresh competition to an already highly contested market.

    Since the collapse of Flowbank, it has become clear that competing in the Swiss digital banking market is no easy feat.

    Founded in 2020, Flowbank was closed by the Swiss Financial Market Supervisory Authority (FINMA) this past June due to insufficient capital and the management’s inability to meet minimum capital requirements. By the end of last year, FINMA noted significant and serious violations of these requirements.

    To succeed in Switzerland, financial institutions need resilience and significant capital. While incomes in Switzerland are high compared to neighboring countries, the market is small, especially in wealth management. Providers are relying on low fees and sophisticated software to attract clients, enhancing user experience, which demands substantial investment. In simple terms: size equals success.

    Saxo Bank Switzerland, led by CEO Stanislav Kostyukhin and Deputy CEO/COO Oliver Buomberger, is now turning up the heat in this battle. Saxo’s client base has grown by 43 percent, though the bank has not disclosed exact numbers. The firm also introduced a product initiative and showcased its new platform, described by Kostyukhin as a «robust Volvo» rather than the «Lamborghini» of its predecessor. The platform offers a simplified interface aimed at investors making informed decisions without the advanced tools often requested by traders. Additionally, Saxo has launched AutoInvest, enabling clients to set up automated ETF investment plans without fees for ETF purchases, monthly charges, or minimum deposits.

    New clients can also trade the 100 most popular U.S. stocks without fees until the end of the year as part of the U.S. Election Campaign, targeting the heightened market sensitivity around the U.S. elections. «Nothing is truly free,» said Kostyukhin, which is why this offer is time-limited. Nonetheless, Saxo expects this campaign to drive additional client growth.

    Kostyukhin acknowledges that Saxo is not yet Switzerland’s number one, but that’s the goal — specifically, to challenge Swissquote, the long-time leader in Swiss online banking.

  • Spotify expands AI Playlist feature to more countries

    Spotify expands AI Playlist feature to more countries

    Spotify, just like many other companies that provide services to bigger audiences, jumped on the AI bandwagon ever since Microsoft and Google made a big deal out of it.

    The company has been testing a new AI Playlist feature since April, but only Premium subscribers in the United Kingdom and Australia had access to this tool that allow them to discover music that perfectly match their needs.

    Today, Spotify announced that it’s expanding the availability of the AI Playlist feature to even more countries. As of right now, AI Playlist in English is rolling out in beta to Premium users on Android and iOS devices in the United States, Canada, Ireland, and New Zealand.

    The Playlist AI feature combines Spotify’s personalization technology with generative AI. It offers users an easy way to create and curate the perfect musical mix. According to Spotify, since it launched in the UK and Australia back in April, Premium subscribers made use of AI Playlist to create millions of playlists.

    Since it’s powered by AI, Spotify users can create a playlist with the help of this feature by simply using unique prompts in the chat, such as “upbeat pop music for my European summer vacation” or “a romantic playlist for date night at home.”

    Spotify also says that the best playlists are generated with prompts that contain a mix of genres, moods, artists, or decades. The music streaming service mentions that users can also reference places, animals, activities, movie characters, colors, and even emojis when creating playlist using this AI-powered feature

    If you live in one of the countries mentioned above and you’re subscribed to Spotify, here is how you can access the AI Playlist feature:

    • From Your Library, tap the “+” button at the top-right corner of the app and select “AI Playlist.”
    • Select one of the suggested prompts or type your own.
    • Spotify will curate a personalized playlist featuring the tracks, artists, and genres we think you’ll like.
    • From there, you can easily manage the selection of songs by previewing and deleting tracks, or ask Spotify to refine the playlist with additional prompts.
    • Tap “Create,” and your new playlist will be saved automatically in Your Library.

    Keep in mind that AI Playlist is still in beta, so it might not provide the results you want all the time, especially for non-music-related prompts (i.e. current events, specific brands).

  • Google Wallet adds support for dozens of US banks and credit institutions

    Google Wallet adds support for dozens of US banks and credit institutions

    One of the biggest mobile payment services in the United States, Google Wallet, has just added support for more than three dozen banks and credit unions. Ever since its initial release back in 2011, Google Wallet was aiming to become more than just a simple mobile payment service.

    Today, Google Wallet not only enables Android users to make payments using their phones, tablets and watches, but it also helps them safely store their payments cards, loyalty cards, concert tickets, IDs, transit cards, and much more.

    However, the service’s main use remains the possibility to make payments using just your phone, so it’s important that Google Wallet supports as many banks as possible.

    Well, that doesn’t seem to be an issue, as Google Wallet offers support for hundreds of US banks and credit unions. This week, 47 names have been added to the list of Google Wallet-supported banks:

    • ABD Federal Credit Union (MI)
    • Adelphi Bank (OH)
    • Alibaba Business Edge Credit Card
    • Apollo Trust Company (PA)
    • Bank of Maple Plain (MN)
    • Bouy
    • Chelsea State Bank (MI)
    • Compass Financial Federal Credit Union (FL)
    • Cliq Expense Prepaid Mastercard
    • Community First Bank (WI)
    • DN Community Federal Credit Union (OH)
    • Fall River Five Cents Savings Bank (MA)
    • First National Bank of Huntsville (TX)
    • Foothill Federal Credit Union (CA)
    • Hometown Bank of Pennsylvania
    • Industrial Bank
    • Intermex (NY)
    • Jackson County Teachers Credit Union (FL)
    • Jonestown Bank & Trust Company (PA)
    • Nebraska Energy Federal Credit Union (NE)
    • Oak Valley Community Bank (CA)
    • Pacific West Bank
    • Pleo Financial Services
    • Prescott State Bank (KS)
    • Proponent Federal Credit Union (NJ)
    • Putnam County State Bank (MO)
    • Radian B2B
    • Railroad Employees Credit Union (NM)
    • Security Federal Savings Bank (TN)
    • Southwest Heritage Credit Union
    • Southern Star Credit Union (TX)
    • SRI Federal Credit Union
    • State Bank of Toulon (IL)
    • TC Wallet
    • Tern Commerce Inc. (NY)
    • The First Citizens National Bank of Upper Sandusky (OH)
    • Tri-County Credit Union (MI)
    • United Farmers State Bank (MN)
    • US Metro Bank (CA)
    • Uwharrie Bank (NC)
    • WCF Financial Bank (IA)
    • Western New York Federal Credit Union
    • WEX
    • WNB Financial, N.A. (MN)
    • Whitefish Credit Union Association (MT)
    • Xsolla
    • Zable

    Besides that, Google Wallet has added HealthEquity to the list of supported institutions, which means you’ll be able to store its “FSA cards and Commuter cards” in the service’s digital locker.

  • Thailand mulls extending welfare benefits to freelancers

    Thailand mulls extending welfare benefits to freelancers

    The Thai Government is considering granting freelance workers the same welfare benefits as those registered with the Social Security Fund (SSF), given that they pay income taxes.

    According to Minister of Tourism and Sports Sorawong Thienthong, the Government is in discussion with several agencies to set up a welfare system to protect freelancers, such as tour guides, ride-hailing service drivers, and online content creators.

    Under the new system, freelancers could claim medical and other welfare benefits, just like other workers who are registered with the Social Security Office. However, they must declare their income and pay the required taxes, he said.

    Sorawong said the move followed a discussion with representatives from various civil and labor advocacy groups, during which they outlined the potential challenges in setting up such a system.

    The inputs from these groups will serve as the basis for a bill on welfare coverage for freelance workers that the government plans to present in the next parliamentary session, he said.

  • Thai currency rises to highest level in 19 months

    Thai currency rises to highest level in 19 months

    Thai businesses are pressing the central bank to take measures to stabilise the domestic currency (baht), which has rapidly gained strength and could impact fourth-quarter growth.

    Speaking at a press conference on September 23, Deputy Chairman of the Thai Chamber of Commerce (TCC) Phot Aramwattananon said the baht has strengthened faster than anticipated and was affecting exports and tourism.

    He expressed concerns over the impact of the rising baht on export competitiveness, particularly in agriculture and food products. TCC has urged the Bank of Thailand (BoT) to manage the baht’s stability in line with domestic and global economic conditions.

    As of September 23, the baht hovered around 32.8 to the U.S. dollar, trading at its strongest level in more than 19 months. It has gained 13% against the dollar since a low in April of 37.17.

    An appropriate level was 34 baht to the greenback, said TCC Chairman Sanan Angubolkul, adding it was seeking a meeting with the central bank and finance ministry to discuss economic stimulus, interest rate reduction, and debt resolution.

    Thailand’s household debt is projected to reach THB16 trillion in 2024, or 90.8% of GDP, among the highest ratios in Asia.

    In contrast, BoT Governor Sethaput Suthiwartnarueput downplayed the baht’s strength, asserting it has minimal impact on exports.

    The TCC also adjusted its 2024 growth forecast upwards from 2.5% seen previously to a range of 2.6% to 2.8% due to policies of the new government to revive the economy.