The event was jointly hosted by the DGK and Yoo Jung-ju, a lawmaker of the Democratic Party of Korea. At the beginning of the meeting, director Park Chan-wook, who is currently in Los Angeles, joined via videoconference to show his support for a revision to the Copyright Act. “I hope that the revised copyright bill can be passed as soon as possible,” Park said. I will support the bill until the end.”“I proposed the revised bill with 38 lawmakers -- that is not a small number. During the discussion session that followed, five directors behind hit films that each attracted more than 10 million moviegoers -- Yoon Je-kyoon, Kim Han-min, Kim Yong-hwa, Kang Je-kyu and Kang Yoon-sung -- shared their experiences.

Govt looks to Indian weddings to boost tourism revenueFILE PHOTO: An Indian wedding at the JW Marriott Phuket Resort and Spa in 2016 (photo supplied)Thailand hopes to boost its tourism revenue to between 600 billion-700 billion baht by year-end, by targeting high-spending groups like Indian wedding parties and honeymooners, a senior tourism official said. The government hopes to tap into "pent-up demand" from the multi-billion dollar Indian wedding industry, Tourism Authority of Thailand deputy governor Siripakorn Cheawsamoot told Reuters in an interview this week. Foreign tourism revenue from January to Aug 28 came in at 186 billion baht from 4.2 million visitors, and 10 million arrivals are expected for the full year. Now, having dropped most pandemic-related restrictions, the government is targeting revenue of $11 billion in the second half of 2022. Indian weddings in Thailand can cost 10 million to 30 million baht, as they can last up to a week and include everything from event planning to catering, decoration and transportation.

He said the baht is likely to fluctuate across a wide range and could weaken as the dollar is strengthening. Poon however speculated that the baht would not weaken past its key resistance level of 36.50 as exporters are waiting to offload the dollar at that level. Moreover, foreign investors do not appear to be in a hurry to sell their Thai assets and Poon believes they will in fact purchase more Thai stocks as prices head down while investors are wary of taking risks in the US and European stock markets. However, he noted the baht could be volatile today, Wednesday, especially as China announces various economic results.

HP executives at the HP Amplify Executive Forum held in Dubai. Global tech and computer giant HP Inc is widening growth opportunities in the fields of hybrid work, gaming and sustainability, which have a total addressable market value of more than US$700 billion. He said HP sees three significant trends in the coming years, covering hybrid work, gaming, and sustainability. The first lies in the engineering to support hybrid work, said Ms Sanmartin. Launched in early 2021, HP Amplify Impact represents a first-of-its-kind partner assessment, resource and training programme, leveraging HP's own investments and initiatives.

Mr Piyasvasti told the Bangkok Post that THAI had slipped to be among the world's top 30 airlines as it entered into its rehabilitation process. That lowered the payroll from 2 billion baht per month to about 700 million baht currently. THAI also downsized its fleet from 103 planes to 61, of which 20 belong to its subsidiary Thai Smile Airways. Suvadhana: Wants a top-10 rankingTHAI entered bankruptcy last year to restructure 400 billion baht of debt. In the second quarter, THAI and its subsidiaries reported total revenue excluding one-time transactions of 21.5 billion baht, up 282% year-on-year.

About Avaada GroupAvaada Group is India’s leading Renewable Energy (RE) company with diverse business interests in Solar Module Manufacturing, Electrolyser manufacturing and Green Ammonia production. Avaada is one of the fastest-growing business groups having commissioned few largest solar projects across 11 states in India. Avaada Energy known for its rich expertise in EPC makes it a leader when it comes to its track record for executing end-to-end solutions. *Welspun Energy was established in 2010 with an installed capacity of 1.2 GW in 2016, being India's largest renewable energy company. The monetisation process followed the demerger of Welspun Energy, and the firm was rechristened Avaada Energy.

The move was left off the agenda despite an earlier government pledge to soften impacts from rising fuel prices. However, the source speculated that power-bill relief measures would be discussed at next week’s Cabinet meeting. Last week, Energy Minister Supattanapong Punmeechaow said the Energy Policy Administration Committee that he chairs approved discounts for household electricity users amid a record rise in the cost of electricity. Over the next four months, the price of electricity will soar from 4 baht per unit to a record high of 4.72 baht. Supattanapong estimated the discounts will cost the government around 2 billion baht per month or 8 billion baht over the four months.

Traders work on the floor of the New York Stock Exchange during afternoon trading on Monday in New York City. Fed chairman Jerome Powell's hawkish remarks at the Jackson Hole Symposium on Friday night led markets to believe the Fed would maintain its tight monetary policy and increase the US policy rate higher and for longer than expected, analysts said. His stern message raised the probability that the Fed would vote for a policy rate hike of 75 basis points at its meeting in September. Krungsri Securities research noted Fedwatch was overweight on the Fed's next interest rate hike being 75 basis points on Sept 20-21. Krungthai Asset Management said investors should invest in energy and commodity mutual funds to beat high inflation and interest rate hikes, both of which are expected to continue for several months.

Jurin said the trade value between Thailand and Saudi Arabia had shown satisfactory growth at 46 per cent in the first seven months of 2022. He added that Thailand also enjoyed a trade surplus of 26 per cent with Saudi Arabia due to an improvement in bilateral ties. The minister said Manuel Market sells 30 categories of Thai products, including canned seafood, canned fruit, rice, condiments and pet foods. He added that Manuel Market had imported US$22 billion worth of Thai products last year, and hopes the value will rise to $30 billion this year.

Singapore unveils long-term work visas to end talent crunchOffice workers walk out for a lunch break at Raffles Place financial business district in Singapore on Aug 22, 2022. The new rules will allow foreigners earning a minimum S$30,000 ($21,431) per month to secure a five-year work pass, with a provision to allow their dependents to seek employment, according to the Ministry of Manpower. “Both businesses and talent are searching for safe and stable places to invest, live and work in. The problems are at the high end of the income ladder -- where Singapore wants to attract top global talent particularly in next-generation, technology-heavy industries -- as well as the lower end. “We need to focus on attracting and retaining top talent, in the same way we focus on attracting and retaining investments.”

“The top three provinces affected by flooding are: Nakhon Phanom (22,266 rai), Udon Thani (17,994 rai) and Sakon Nakhon (15,997 rai)," it said. The GISTDA added that 285,785 rai of plantations in the Chi and Mun river basins were flooded. “The top three provinces in their vicinity affected by floods are Roi-Et (83,023 rai), Buri Ram (29,086 rai) and Surin (26,311 rai)," it said. For more information, visit the GISTDA website: http://flood.gistda.or.th.

It was the first direct commercial flight from Saudi Arabia in 32 years, following the recent normalisation of diplomatic ties. Mr Jurin, also deputy prime minister, on Sunday led a trade delegation to Saudi Arabia. Saudi Arabia downgraded diplomatic ties with Thailand after the murder of Saudi diplomats and the disappearance of a Saudi businessman in Bangkok following the theft of Saudi state gems in 1989. The DITP said Mr Jurin is also scheduled to meet the Saudi Food and Drug Authority (SFDA) and the Saudi Chamber of Commerce and Industry. Thailand's leading exports to Saudi Arabia are vehicles and auto parts and accessories, wood and wood products, air-conditioners and parts, rubber products, and processed seafood.

While the Thai government declared foreign investment is expected to be a key component in revitalising the country's fragile economy, analysts have their doubts as to whether Thailand can entice overseas investors to choose the nation for industry relocation. REUTERSDESTINATIONS ELSEWHEREA mix of factors, ranging from the economy to politics, is causing Thailand to lose out in attracting foreign investors looking for new destinations, said Tanit Sorat, vice-chairman of the Employers' Confederation of Thai Trade and Industry. He believes it is not too late for Thailand to give itself a facelift to better attract foreign investors. AFPSTILL ATTRACTIVEDuangjai Asawachintachit, secretary-general of the Board of Investment (BoI), reiterated that Thailand remains an attractive destination for foreign investors as indicated by continuous foreign investment, especially from China, the US and Taiwan. Next came Japan, China, the US and Singapore, with investment values of 16.9 billion baht, 15.5 billion, 11.3 billion and 8.7 billion, respectively.

As a result, Prawit had assigned MPs to monitor the situation and provide urgently needed help in the flood-hit provinces of Nakhon Sawan and Phichit. Sanya Nilsuphan, a Palang Pracharath MP for Nakhon Sawan, has visited her province to field complaints from flood-hit locals and coordinate rescue and aid efforts. The spokeswoman added that PPRP MP Surachart Sribussakorn was also providing urgent help to Phichit villagers affected by floods.

Explainer: China has new entry rules, but are they making travel easier? Two months ago, China also started allowing foreign nationals with permanent residence or who are visiting immediate family to make short visits. The process of applying for work visas has also been made easier by scrapping a requirement to obtain a hard-to-obtain letter of invitation. Travellers still need to take PCR tests before and after entering China, a customs spokesman told a press conference on Friday. Health officials have also warned that the country's health system - which has stark divisions in service provision between rich and poor areas - risks being overwhelmed if the policy is abandoned.