Chinese billionaire Jack Ma spotted in Bangkok

13 Sept 12:36 Key points summarised by AI

Alibaba founder Jack Ma reappeared in public in Bangkok, ending a long period out of the spotlight since China's regulatory crackdown on his businesses.
Ma was spotted socializing with Michelin-starred chef Jay Fai and reportedly met with CP Group Chairman Supakit Chearavanont.
His Bangkok visit also included attending a boxing match where he posed with Thai boxing champion Buakaw Banchamek.
This public sighting comes as Ma prepares to cede control of Ant Group, signaling a potential resolution to the regulatory issues that began after his criticism of China's financial regulators in 2020.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).