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Middle East war, high debt levels to dominate IMF-World Bank meetings in Bangkok

Middle East war, high debt levels to dominate IMF-World Bank meetings in Bangkok

By Andrea Shalal BANGKOK, Oct 11 (Reuters) - Finance officials from around the world will gather in Thailand this week under the shadow of a widening war in the Middle East, the biggest energy supply shock ever and rising interest rates that together pose daunting risks to already-sluggish global

Asian Development Bank to Host 2027 Finance in Common Summit in Thailand

Asian Development Bank to Host 2027 Finance in Common Summit in Thailand

The Asian Development Bank (ADB) will co-host the sixth Finance in Common Summit (FiCS) in Bangkok, Thailand, from March 31 to April 2, 2027. This marks the first time the summit will be held in Asia. The event will gather over 500 public development banks and their stakeholders, who collectively manage approximately $23 trillion in assets. The summit's theme is 'Delivering Sustainable Growth for a More Resilient Future.' ADB President Masato Kanda emphasized the critical role of public development banks in addressing global challenges, particularly in a fragmenting international system with rising needs. The summit aims to mobilize financial strength and resolve to shape the security and opportunity of billions of people. The Finance in Common initiative, launched in 2020, serves as a global forum for public development banks, coordinating investment, strengthening common practices, and advocating for these institutions in international economic discussions. Its members invest around $2.5 trillion annuall...

Thai Police Uncover Extensive Foreign Property Ownership Scheme in Bangkok, Arresting 11 Individuals

Thai Police Uncover Extensive Foreign Property Ownership Scheme in Bangkok, Arresting 11 Individuals

Thai police have launched a significant crackdown on illegal foreign property ownership in Bangkok, targeting 94 luxury homes valued at over 6 billion baht. The operation, led by National Police Commissioner Samran Nuanma, involved raids on 17 locations across four high-end housing developments. Eleven foreign nationals, including ten Chinese and one American, were arrested. Investigators identified 95 companies suspected of using Thai nominee shareholders to acquire land, which foreigners cannot legally own directly. The probe also uncovered links to international criminal networks, including Chinese fugitives wanted for murder, fraud, and online gambling. Some Thai shareholders claim their identities were stolen and used without their knowledge to register these companies. This operation marks the eighth phase of a nationwide campaign against illegal foreign land ownership, significantly expanding into Bangkok's luxury residential market.

Hoymiles HiOne BESS System Enhances Energy Resilience for Thai Homes Amidst Growing Demand

Hoymiles HiOne BESS System Enhances Energy Resilience for Thai Homes Amidst Growing Demand

Hoymiles' HiOne all-in-one Battery Energy Storage System (BESS), coupled with its HiBox gateway, is being deployed in residential properties across Bangkok, Thailand. This system aims to improve the utilization of solar power, manage electricity consumption more efficiently, and ensure power availability during grid interruptions. Thailand's hot and humid climate, increasing household electricity demand, and the need for greater power reliability are driving homeowners to seek energy solutions beyond traditional solar generation. The HiOne BESS integrates an inverter, battery, and energy management system into a single unit, offering a maximum efficiency of 98.5% and over 8,000 battery life cycles. Local installer COMSYS SOLAR has implemented these systems with configurations ranging from 10kW to 12kW of solar capacity and 8kWh to 16kWh of storage, tailored to individual household energy needs. The Thai government has also introduced a residential solar feed-in program, targeting up to 500 MW of capacity n...

IMF says AI investment keeps global growth around 3%, with major Asia benefits

IMF says AI investment keeps global growth around 3%, with major Asia benefits

By Andrea Shalal and Rae Wee BANGKOK, Oct 12 (Reuters) - Strong investment in AI infrastructure is keeping global growth at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, International Monetary Fund Managing Director Kristalina Georgieva said

Isaias moves north into Appalachians and mid-Atlantic; Southern California battered by Rachel

Isaias moves north into Appalachians and mid-Atlantic; Southern California battered by Rachel

The remnants of Isaias have brought heavy rain and flooding risks to parts of the central Appalachians and mid-Atlantic region

Some in Florida and Alabama without power as Isaias brings rain to Appalachians and mid-Atlantic

Some in Florida and Alabama without power as Isaias brings rain to Appalachians and mid-Atlantic

Hurricane Isaias has left a trail of destruction in the Florida Panhandle and southern Alabama

Post-Tropical Storm Brings Flooding to Southwest

Post-Tropical Storm Brings Flooding to Southwest

A post-tropical storm is causing significant coastal flooding, heavy rain, and strong winds across the southwestern United States, particularly in California. The National Hurricane Center (NHC) has reported that water levels along the California coast are running as much as 1.5 feet above predictions, exacerbated by a near-record strong super El Niño event in the tropical Pacific. This phenomenon has led to higher-than-average water levels and worsened by waves from powerful offshore hurricanes in the eastern Pacific. Some areas in Southern California have already experienced severe damage, with homes lost to the sea. Inland regions, including parts of Arizona, southern Nevada, and Utah, are also experiencing wind gusts between 45 to 65 mph. The storm is expected to dissipate over the southwestern states, but hazardous coastal conditions are likely to persist into the following week. (Source time: Sat, 10 Oct 2026 19:13:21 GMT)

Grieving family faces accused Australian in Thai court over teen's killing, seeking death penalty

Grieving family faces accused Australian in Thai court over teen's killing, seeking death penalty

Family members of a 17-year-old Thai girl whose body was found in a suitcase attended a court hearing Monday

Thailand prepares to host IMF-World Bank meetings

Thailand prepares to host IMF-World Bank meetings

BANGKOK, Oct 10 (Reuters) - Thailand is preparing to host the IMF–World Bank Annual Meetings in Bangkok from October 12–18, bringing together more than 15,000 participants from 191 countries, including central bank governors, economic policymakers and business leaders, for discussions on the world

US Treasury's Bessent to skip IMF-World Bank meetings in Bangkok

US Treasury's Bessent to skip IMF-World Bank meetings in Bangkok

By Andrea Shalal DOHA, Oct 9 (Reuters) - US Treasury Secretary Scott Bessent will skip next week's annual meetings of the IMF and World Bank in Bangkok, Thailand, due to domestic engagements, a US official said on Friday.

Trawl fishing catches huge amounts of seafood. It can also devastate the seafloor

Trawl fishing catches huge amounts of seafood. It can also devastate the seafloor

Trawling is a fishing method using large nets to catch fish and shellfish in bulk