ICONSIAM to host “Amazing Thailand Countdown 2023”, marking Thailand as “Global Countdown Destination,” with over THB200 million budget to drive Thai economy and tourism

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ICONSIAM to host "Amazing Thailand Countdown 2023", marking Thailand as "Global Countdown Destination,"  with over THB200 million budget to drive Thai economy and tourism

ICONSIAM to host “Amazing Thailand Countdown 2023”, marking Thailand as “Global Countdown Destination,” with over THB200 million budget to drive Thai economy and tourism

WEDNESDAY, NOVEMBER 16, 2022

To stimulate Thailand’s economy, tourism and numerous businesses on the banks of Chao Phraya River, ICONSIAM is hosting over 20 events throughout December 2022 under the theme “ICONSIAM Magical Enchanted Celebration” with over 200-million-baht budget.

In collaboration with government agencies, private sectors, hotel partners and the communities on the banks of the river, ICONSIAM is to host its iconic world-class New Year’s Eve celebration “Amazing Thailand Countdown 2023,” that will once again mark Thailand as a “Global Countdown Destination.” This year, the exquisite eco-friendly firework display will light up the most pictures curve of the majestic Chao Phraya River, spreading joy, hope and happiness to Thais and to the world.  

Mr. Supoj Chaiwatsirikul, Managing Director of ICONSIAM Company Limited, said “Now that tourism has become the key factor of the economic recovery, ICONSIAM has formed a strategic partnership  under ‘Collaboration to Win’ strategy with involved stakeholders that also aligns with the government’s tourism recovery plan. Our festive celebration “ICONSIAM Magical Enchanted Celebration” is sharing happiness to Thais and welcoming visitors from across the globe. With over 200 million baht spent, we are presenting over 20 grand events and marketing campaigns all through December 2022.”

ICONSIAM to host "Amazing Thailand Countdown 2023", marking Thailand as "Global Countdown Destination,"  with over THB200 million budget to drive Thai economy and tourism

ICONSIAM is creating the mega “Amazing Thailand Countdown 2023,” in collaboration with government agencies, private sectors, hotel partners, entrepreneurs and the communities along the Chao Phraya, to ring in the New Year, as our special gift to Thais and visitors from all over the world. This is the first year after the recovery from COVID-19, and we, along with our business allies are determined to make this grand event even more splendid. The highlight of the New Year celebration event is “Hybrid World Countdown,” featuring splendid light and sound show integrated with the immersive technology connecting exciting the on ground experience and the virtual world along with the magnificent eco-friendly firework displays set along the most beautiful curve of the Chao Phraya River. This grand event will reaffirm Thailand’s image as one of the must-visit global countdown destinations for tourists from all over the world to in the New Year together with Thai people”, says Mr. Supoj. 

“During the fourth quarter of 2022, especially in November and December, in which the 2022 APEC meetings are being held and the New Year celebrations are coming, Thailand is expected to attract more than 2 million investors and tourists, which can stimulate over  20,000 million baht to the economy. ICONSIAM, as one of the stimulating forces to stimulate the Thai economy, is certain that the marketing plan specifically set for these final two months will revive the businesses on the Chao Phraya riverside and attract both Thai and international customers. The number of tourists is expected to reach from 100,000 to 130,000 tourists each day by the end of 2022,” concluded Mr. Supoj.

ICONSIAM to host "Amazing Thailand Countdown 2023", marking Thailand as "Global Countdown Destination,"  with over THB200 million budget to drive Thai economy and tourism

The grand New Year celebration event, “Amazing Thailand Countdown 2023”, is taking place on 31 December 2022 amidst the majestic view of the Chao Phraya River. Previously, the event was broadcast worldwide by leading international news agencies, such as CNN, BBC, AP, Reuter, ABC, etc., portraying the magnificent night scenes of the Chao Phraya River, which is one of the world’s renowned iconic landmarks imprinted on all Thai people’s hearts.   

In addition, visitors will be amazed by the showcase of the Christmas tree lighting festival ICONSIAM Bangkok Illumination, from now until 5 January 2023. This year’s vibrant Christmas tree is powered by clean energy generated by solar cell, in line with ICONSIAM’s mission on energy saving and reducing carbon footprint. Another highlight is the New Year gift fair “ICONSIAM World of Gifts.” More than one million gifts being offered ranging from locally-made to imported products between 1 December – 9 January 2023. Attractive promotions will be also offered in these joyful celebrations with prized valued over 8.5 million baht. 

ICONSIAM to host "Amazing Thailand Countdown 2023", marking Thailand as "Global Countdown Destination,"  with over THB200 million budget to drive Thai economy and tourism

ICONSIAM also offers a lineup of entertainment showcases, such as the multimedia water show featuring remarkable lights and sounds, ‘ICONIC Multimedia Water Features’ under the concept of “Empowering The Joy, ” as music is a universal culture that connects all generations. “CineAsia 2022” is the international motion picture event, which will take place on 5-8 December 2022 at TRUE ICON HALL. “DISNEY IN CONCERT: A Magical Celebration 2022,” brings beloved Disney stories and characters to life orchestrated by 46 American musicians playing Disney’s movie theme songs. The concert will be performed for four rounds from 31 December 2022 to 1 January 2023 at TRUE ICON HALL, 7th floor, ICONSIAM.

Melaka to have Asean’s first Disneyland

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Melaka to have Asean’s first Disneyland

Melaka to have Asean’s first Disneyland

THURSDAY, NOVEMBER 17, 2022

Jasin in Melaka may see Asean’s biggest Disney theme park in 2027.

State executive councillor for tourism, heritage and culture Muhammad Jailani Khamis said Malaysia would also be the first Southeast Asian country to host a Disneyland.

The proposed 80.9-hectare theme park will cost RM2 billion ( TB15 billion ).

Jailani also said the state government had set a goal to increase the number of tourists to Melaka to 20 million within three years.

Sin Chew Daily

Asia News Network

Footy fans hoping for good news as Sports Authority calls afternoon meeting

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Footy fans hoping for good news as Sports Authority calls afternoon meeting

Footy fans hoping for good news as Sports Authority calls afternoon meeting

WEDNESDAY, NOVEMBER 16, 2022

Sports fans are all excited and hoping for some good news after the Sports Authority of Thailand (SAT) invited related sectors to discuss broadcast of the 2022 FIFA World Cup.

The 2pm meeting on Wednesday called by SAT will discuss the benefits and how to manage World Cup broadcasts for Thai footy fans.

Meanwhile, acting National Broadcasting and Telecommunication Commission (NBTC) secretary-general Trairat Viriyasirikul confirmed the NBTC had approved a budget of up to 600 million baht to purchase the broadcast rights for the World Cup matches.

Footy fans hoping for good news as Sports Authority calls afternoon meeting

He said SAT must complete the purchase contract before it can receive the money from NBTC’s Broadcasting and Telecommunications Research and Development Fund for Public Interest.

Footy fans hoping for good news as Sports Authority calls afternoon meetingSAT must also discuss with the Television Pool of Thailand the distribution and broadcasting of matches and programmes to television channels in the country, he added.

Related stories

Photo exhibition captures plight of a world caught in the grip of Covid-19

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Photo exhibition captures plight of a world caught in the grip of Covid-19

Photo exhibition captures plight of a world caught in the grip of Covid-19

THURSDAY, NOVEMBER 17, 2022

A photography exhibition on three years of the Covid-19 pandemic is being held in Bangkok until Sunday, coinciding with the Apec Summit.

The opening ceremony of the “Changing Asia – New Normal” photography exhibition was held on Wednesday on the third floor of CentralWorld.

A total of 76 Images from photographers in Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Iran, Laos, Malaysia, Myanmar, Palestine, the Philippines, Russia, South Korea, Thailand, Türkiye, the United Arab Emirates, and Vietnam were selected for this exhibition co-organised by China Daily and Asia News Network.

Photo exhibition captures plight of a world caught in the grip of Covid-19

The images were chosen from 1,175 photos taken in the past three years and submitted by 179 photographers from 18 countries.

Photo exhibition captures plight of a world caught in the grip of Covid-19

The event aims to review the changes in life during the Covid-19 pandemic and encourages people to move towards a new beginning, actively responding to the construction of a community with a shared future for mankind.

Photo exhibition captures plight of a world caught in the grip of Covid-19

These photos captured Asians in their daily lives, including work and living, recreation, creative pursuits, health and beauty, animals, festivals, health, the arts, eateries, and education.

Photo exhibition captures plight of a world caught in the grip of Covid-19

At the opening ceremony, Naphat Ratanasakdi, secretary-general of the Royal Photographic Society of Thailand, said, “The one special attribute of photography is, it is universal. It is like an international language.”

“You can understand and know what message the photographer wants to convey just by looking at the photos.”

Photo exhibition captures plight of a world caught in the grip of Covid-19

Bangkok Governor Chadchart Sittipunt thanked the organisers for choosing to organise the event in Bangkok. He said it was good timing as it was held during the Apec Summit.

Photo exhibition captures plight of a world caught in the grip of Covid-19

Talking about the exhibition, he said “It reflected the lives of the people.”

Photo exhibition captures plight of a world caught in the grip of Covid-19

Chadchart quoted Vladimir Lenin “There are decades where nothing happens; and there are weeks where decades happen” to describe the pandemic.

Photo exhibition captures plight of a world caught in the grip of Covid-19

He said, “I think in the last three years, many things happened and changed our lives”.

Related stories

Brokers urge action against mastermind behind MORE share trading irregularities

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Brokers urge action against mastermind behind MORE share trading irregularities

Brokers urge action against mastermind behind MORE share trading irregularities

WEDNESDAY, NOVEMBER 16, 2022

The Economic Crime Suppression Division (ECD) has vowed to track down the mastermind behind the manipulation of shares of More Return Pcl (MORE) after 11 affected brokers on Wednesday submitted an appeal to investigate irregularities in the company’s share trading.

The Stock Exchange of Thailand (SET) on Monday suspended trading in MORE stocks until Friday after it noticed irregular trading practices. The company is engaged in selling pyrolusite water filters, among other businesses.

According to the SET, the irregularities were spotted on November 10 when trading in MORE stocks rose to more than 7.14 billion baht – the highest in both the SET and MAI (Market for Alternative Investment), before the share value hit the floor at 1.95 baht from 2.9 baht a share, shocking investors.

MORE stocks continued to drop the following day until they hit 1.34 baht per share.

On Wednesday, representatives of 11 security broker companies met with ECD chief Pol Maj-General Puttidej Bunkrapue, urging the agency to investigate MORE. The brokers also demanded legal action against the company and related parties for possibly violating SET regulations.

Brokers urge action against mastermind behind MORE share trading irregularities

Puttidej said the ECD will interview each plaintiff individually as well as gather information from other witnesses and evidence to track down the party behind the incident.

“The investigation may take some times as there are several documents that officials need to go through in detail,” he added.

Related Stories

All eyes on MORE shares this week after suspension for irregular trading practices

SET suspends More Return stocks over irregularities

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

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Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

WEDNESDAY, NOVEMBER 16, 2022

Siam Piwat Co., Ltd., a leading property and retail developer – the owner and operator of global destinations including Siam Paragon, Siam Center, and Siam Discovery, and a joint venture partner of ICONSIAM and Siam Premium Outlets Bangkok, is delivering an ultimate experience with an exciting lineup of world-class luxury brands joining hands to debut their latest pop-up stores, new retail concepts and exclusive collections, for the first time in Southeast Asia and even make their Asia’s premier at Siam Paragon and ICONSIAM.

Being the most prestigious locations and the ultimate luxury destination shows the confidence of major global high-end brands in Siam Piwat’s and underlines the company’s strength as the leader that hold Thailand’s largest high-purchasing customer base as well as emphasize the company’s mission to never stop delivering the ‘ultimate world-class experience.

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

Mrs. Thanaporn Tantiyanon, Head of Business Unit, Siam Paragon said, “Being ‘The Visionary Icon,’ Siam Piwat’s has always thrived for excellence while maintaining its highest standards in the business. We also integrate the power of ‘Co-Creation’ with alliances, business partners and brands to deliver unparalleled experiences in every dimension. We have been customers’ top-of-mind and attracts locals and international travelers from all over the world.” 

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

Siam Paragon is a prestige world-class shopping center in the heart of Bangkok and ICONSIAM is an iconic global landmark by the Chao Phraya River, both are an unparallel wealth of lifestyle offerings, bringing the best of luxury shopping and entertainment phenomena that caters to premium lifestyles. Importantly, both properties are key platforms for retailers, from global designer brands to Thai entrepreneurs to present their best offers. The luxury sections have been tremendously well received and have generated high sales and seen remarkable growth that rank among the top in the world, underlying both Siam Paragon and ICONSIAM as true luxury destinations. Renowned high-end brands have specifically chosen Siam Paragon and ICONSIAM to be their exclusive locations for their special pop-up stores to debut their exclusive and limited collections. These special pop-ups are definitely the ultimate and unique experience and a key magnet that attracts affluent customers.”

This festive season of 2022, myriad of luxury brands will showcase exciting lineups of their Thailand’s first pop-up stores as well as exclusive collections, marking Southeast Asia premier or event Asia’s debut. Siam Paragon will feature special pop ups like Balenciaga x Adidas, Burberry x Minecraft, FENDI 25th Baguette Anniversary, Looney Tunes x MCM, Montblanc, etc.


               
Meanwhile, ICONSIAM, a world-class landmark on the Chao Phraya River, will be presenting a unique luxury experiences from top-notch brands such as Bottega Veneta, Burberry Lola, BVLGARI Serpenti Light Up, Hermès petit h, etc.  

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

These reflects the strength of Siam Piwat as the leader in attaining the highest purchasing power group of customers in Thailand and never cease to deliver exceptional and unparalleled experiences. It is customers’ top-of-mind and marks it as a leading attraction for local and visitors from around the world and has won numerous prestigious international awards.

Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time
Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time
Siam Piwat reinforces the center of ‘Luxury Destination’ in Asia, creating a world-class experience to unveil a lineup of new luxury pop-up stores for the first time

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

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RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

WEDNESDAY, NOVEMBER 16, 2022

Radisson Hotel Group (RHG) unveiled ambitious plans earlier in the year to rapidly expand its portfolio across the Asia Pacific region by 2025, ensuring it not only remains amongst the top three hospitality companies in the world, but also moves towards becoming the first choice for travellers.

The announcement comes at a critical juncture in the Asia-Pacific tourism industry’s recovery from the pandemic. 

“As recovery gets underway, we intend to be the hotel brand of choice for employees, guests and owners with a diverse portfolio of exceptional hotels and resorts. Our nine distinct brands are designed to meet the needs of different travellers and budget levels,” David Nguyen, Managing Director of Radisson Hotel Group (RHG)’s Indochina and Strategic Partnerships, Southeast Asia & Pacific said.

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

Despite RHG’s strong position, the Group aspires to be at the forefront of travellers’ minds when they travel by emphasising diversity in serving customers, a supportive environment for employees, and agility in operations for owners.

Nguyen stated that Radisson Hotel Group has a clearly defined brand architecture, offering nine distinct brands ranging from luxury to mid-scale, in order to cater to travellers worldwide. With this brand architecture, the group can cater to a variety of travellers, which is especially important given the current economic climate.

“Furthermore, each of RHG’s brands has its own distinct design and experiences tailored to serve all types of travellers, ranging from business to leisure and everything in between,” Nguyen added.

RHG’s nine brands include Radisson Collection, Radisson Blu, Park Plaza, Radisson RED, Radisson, Park Inn by Radisson, Country Inn & Suites by Radisson, Prizeotel and Radisson Individuals, which was launched in 2020.

Nguyen commented that Radisson Individuals gives hotel owners an opportunity to plug their properties into RHG’s marketing and distributions systems, and leverage its loyalty program – Radisson Rewards.

“During the pandemic, many hotel owners were looking for ways to recover, Radisson Individuals is an upscale brand that can help recovery through greater flexibility, cost-effectiveness and minimal downtime,” Nguyen said.

He added that RHG’s brands are offered with the right business model in mind, at the right location, for the right partner. The aim is to provide tailor-made solutions with owners in mind. 

He pointed out that RHG’s nine distinct brands will play a key role in helping the company expand its scale. The group will also capitalize on its partnership with shareholder Jin Jiang International and its affiliates to accelerate its expansion.
He explained that being part of Jin Jiang, the world’s second-largest hotel group, allows Radisson to focus on delivering its core vision with a clear plan in leveraging and supporting those nine distinct brands in each market.

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

In addition to expanding RHG’s portfolio, Nguyen said the group also places high value on its employees and their development.

The hospitality industry is heavily reliant on the workforce to deliver great experiences to guests, he said. Hence, it is RHG’s goal to help employees upskill or reskill based on their potential, in order to encourage their development and continued growth within the business.

He stated that becoming the employer of choice and growing employees’ potential have always been part of RHG’s culture and goals. For instance, he said, the group gives team members the opportunity for mobility and job rotation.

“Investing in our employees, meeting their needs and allowing them to grow, whether through training or practical work is our aim. We also ensure our employees are recognized for the work they do,” Nguyen confirmed.

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

RHG’s distinctiveness, according to Nguyen, goes beyond its focus on employees and guests, but also through its adaptable business model. The Group is looking to grow through various models including, mergers and acquisitions and strategic partnerships. 

RHG’s top priority is to pay close attention to its three principal facets, namely hotel guests, owners, and employees. 

According to Nguyen, RHG has consistently understood when and how to support its stakeholders, because they genuinely listen to them.

“We have established a local business unit in Thailand to support all our key stakeholders and provide above par operations. We have also made investments worldwide in digitizing the guest experience. Our investment of more than 150 million euros in technology and transformation allows us to deliver the uniqueness that customers are looking for in the foreseeable future,” Nguyen said.

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY

To sustain its growth, RHG has committed to a five-year transformation plan that includes best-in-class technology and integrated solutions to maximise revenue across the group’s hotels and deliver the industry’s best GOP.

Meanwhile, Nguyen said the hospitality industry faces various crisis and challenges. “High inflation, a slowing economy, and geopolitical tensions are all possibilities. As a global hospitality company, we are no strangers to such challenges and have navigated through them successfully. Travel continues to be a mainstay, though travellers’ needs and demands may change and we are confident in delivering on these with our portfolio of brands,” Nguyen elaborated.

With over 75 years of hospitality experience, RHG is committed to serve every guest, grow its employees and a value-add to its owners through their strategic plan. Nguyen believes RHG will maintain its position as the world’s top three hospitality companies.

RADISSON HOTEL GROUP GETS READY TO BECOME TRAVELLERS’ FIRST CHOICE GLOBALLY


Maintain focusing on Thai market 

Moreover, he is also committed to prioritising the Thai tourism industry because the country’s vast diversity of attractions is one of its core strengths. Nguyen believes its resilience as a market gives RHG and its brands a strong opportunity to grow.

According to the Bank of Thailand (BOT), the country should see 10 million foreign tourists this year and 19 million in 2023. Nguyen noted that this is a positive sign of recovery because the expected number is nearly 60 per cent of pre-pandemic levels.

“In Thailand, we target to double our current portfolio within the next 18 months. That progress is on track. Our plan has also accounted for the rebound of travel and tourism from China that is expected to resume in the near future,” he said.

Radisson is now one of the world’s largest and most dynamic hotel groups, having been named Forbes’ fourth Best Employer in the Travel & Leisure Industry for the second consecutive year. There are over 1,700 hotels in operation or in development around the world.

The latest news on what’s happening in the region

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The latest news on what's happening in the region

The latest news on what’s happening in the region

THURSDAY, NOVEMBER 17, 2022

Check out what’s hot in the region on November 17, as The Nation puts together headlines from members of Asia News Network (ANN). Click to read more:

ANN news highlights: Thur, Nov 17, 2022
Bringing Asia Closer

Visual Asia
Photo Exhibition: Life in a changing Asia | China Daily/ANN
 

G20 
Ukraine War
G-20 leaders endorse declaration deploring Russian aggression in Ukraine – Straits Times
 

Agenda Indonesia
Widodo hails 3 ‘concrete outcomes’ from G-20 summit in health, energy transition and financial sectors – Straits Times
 

Finance
G20 vows to calibrate pace of interest rate hikes, avoid spillovers – Reuters for Jakarta Post
 

Oped India
Editorial: Bali breakthrough? – The Statesman
 

Oped Japan
Editorial: Continued dialogue is way to avoid conflict – The Japan News

Apec Agenda
Officials conclude discussions on three key items on Apec agenda – The Nation
 

Apec Myanmar 
Amnesty seeks Apec discussion on bloody crackdown in Myanmar – The Nation
 

Diplomacy
China-Indonesia
Xi, Widodo vow to take ties to new level – China Daily
 

S Korea-China
Yoon-Xi summit reveals gap in approach to North Korea – Korea Herald
 

Bangladesh-Russia
Lavrov’s Dhaka visit: Dhaka to focus on food, energy supply, Rohingya crisis | The Daily Star
 

Australia-Laos
Laos, Australia to elevate ties to a comprehensive partnership / Vientiane Times

Rohingya
UN adopts resolution on human rights of Rohingya | The Daily Star
 

Geopolitics SE Asia
Opinion: Southeast Asia can leverage its geopolitical to become key global trade player – Jakarta Post
 

Politics US
Opinion: Lessons from watching US midterm elections – Korea Herald
 

Politics US
Opinion: Crisis of leaders, crisis of voters | Inquirer 

Business Asia-Pacific
German leader Call for diversification in bolstering supply chains – The Star
 

Cypto Singapore 
Temasek to write down US$275 million in FTX, says belief in Bankman-Fried appears to be ‘misplaced’ – Straits Times
 

Tech China
China’s ‘zero-COVID’ finally catches up with iPhone output – The Japan News
 

IPEF
IPEF economic framework launched without tariff reductions – The Japan News

Fears of war spillover ease after Nato says missile on Poland was Ukrainian stray

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Fears of war spillover ease after Nato says missile on Poland was Ukrainian stray

Fears of war spillover ease after Nato says missile on Poland was Ukrainian stray

THURSDAY, NOVEMBER 17, 2022

A missile that crashed inside Poland was probably a stray fired by Ukraine’s air defences and not a Russian strike, Poland and military alliance Nato said on Wednesday, easing international fears that the war could spill across the border.

Nevertheless, Nato’s chief said that Moscow, not Kyiv, was still to blame for starting the war in the first place with its February invasion and launching scores of missiles on Tuesday that triggered Ukrainian defences.

“This is not Ukraine’s fault. Russia bears ultimate responsibility as it continues its illegal war against Ukraine,” Nato Secretary-General Jens Stoltenberg told reporters in Brussels.

Nato ambassadors held emergency talks to respond to Tuesday’s blast that killed two people at a grain facility in Poland near the Ukrainian border, the war’s first deadly extension into the territory of the Western alliance.

“From the information that we and our allies have, it was an S-300 rocket made in the Soviet Union, an old rocket and there is no evidence that it was launched by the Russian side,” Polish President Andrzej Duda said. “It is highly probable that it was fired by Ukrainian anti-aircraft defence.”

Stoltenberg also said it was likely to have been a Ukrainian air defence missile. Earlier, US President Joe Biden had said the trajectories suggested the missile was unlikely to have been unleashed from Russia.

Not our missile, says Zelensky

Ukrainian President Volodymyr Zelenskiy demurred, saying “I have no doubt that it was not our missile”, Ukrainian media reported on Wednesday. He said he based his conclusion on reports from Ukraine’s military which he “cannot but trust”.

He gave no evidence for his position, while saying he believed Ukraine should already have been given access to the site of the explosion as Kyiv had the right to be there.

The incident occurred while Russia was firing scores of missiles at cities across Ukraine, targeting its energy grid and worsening power blackouts for millions, in what Kyiv says was the most intense volley of such strikes of the nine-month war.

Kyiv says it shot down most of the incoming Russian missiles with its own air defence systems. Ukraine’s Volyn region, just across the border from Poland, was one of many Ukraine says was targeted by Russia’s countrywide fusillade.

The Russian Defence Ministry said none of its missiles had struck closer than 35km from the Polish border, and that photos of the wreckage in Poland showed elements of a Ukrainian S-300 air defence missile.

The Kremlin said on Wednesday some countries had made “baseless statements” about the incident, after having accused Poland of an “absolutely hysterical” reaction on Tuesday, but that Washington had been comparatively restrained.

Zelenskiy also said Kyiv had received no offer from Moscow to start peace talks. Kremlin spokesman Dmitry Peskov said earlier this week Ukraine was not interested in such talks.

Zelenskiy’s top adviser Mykhailo Podoloyak dismissed the notion of talks. “Putin’s Russia is a key threat to the global world. Ukraine is trying to restrain Russian outrages, stop the escalation and growth of the war. Do not look for ‘compromises’ between the killer-country (Russia) and the civilized world. This is the path to a global tragedy,” Podolyak tweeted.

Relief

The news that Western officials had concluded the missile was Ukrainian brought some relief to the inhabitants of the Polish village hit by the missile, with some saying they had feared being dragged into the war.

“Everyone has in the back of their head that we are right near the border and that an armed conflict with Russia would expose us directly,” said Grzegorz Drewnik, the mayor of Dolhobyczow, the municipality to which Przewodow belongs.

“If this is a mistake of the Ukrainians, there should be no major consequences, but I’m not an expert here.”

Some Western leaders at a summit of the G-20 big economies in Indonesia suggested that whoever fired the missile, Russia and President Vladimir Putin would ultimately be held responsible for an incident arising from its invasion.

G-20 leaders issued a closing declaration saying “most members strongly condemned the war in Ukraine”, although it acknowledged that “there were other views”.

Moscow carried out Tuesday’s missile volley just days after abandoning the southern city of Kherson, the only regional capital it had captured since the invasion.

The barrage echoed a pattern of Moscow lashing out with longer-range missile salvoes after losses on the battlefield to a continuing Ukrainian counter-offensive in the east and south.

However, the top US general played down the odds of any near-term, outright military victory by Ukraine, cautioning that Russia still had significant combat power inside Ukraine despite a string of setbacks.

“Politically, there may be a political solution where, politically, the Russians withdraw. That’s possible,” Army General Mark Milley, chairman of the Joint Chiefs of Staff, told a news conference in Washington.

Russia “right now is on its back”, Milley added.

Reuters

Germany looks to Asia-Pacific to strengthen economy

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Germany looks to Asia-Pacific to strengthen economy

Germany looks to Asia-Pacific to strengthen economy

THURSDAY, NOVEMBER 17, 2022

Diversification, however, will not mean decoupling, the German Chancellor said.

Germany is keen on strengthening its economic ties with the Asia Pacific region, said German Chancellor Olaf Scholz in his opening address during the 17th edition of Asia-Pacific Conference of German Business (APK) held in Singapore on Monday.

Scholz noted the consequences left in the wake of the Russia-Ukraine war; hunger, energy shortages and inflation are global, despite the fact that the conflict might be far away geographically.

“Reducing risky, one-sided dependencies when it comes to certain raw materials or critical technologies will play an important role in the National Security Strategy that we are currently working on. Our view of the matter is clear: the best way to achieve more resilient supply chains is to diversify our trade relations,” he said.

The German chancellor is making his rounds in the Asia-Pacific region. Having visited China on Nov 4, Scholz also touched base with Vietnam and Singapore last weekend, before proceeding to the G20 summit hosted by Indonesia.

The APK is jointly organised by the Asia-Pacific Committee of German Business, the German Federal Ministry of Economics and Climate Action, and the German Chambers of Commerce Abroad in Asia-Pacific.

“The Asia-Pacific region is much more than China. The Asia-Pacific Conference has been looking at the entire region for over 30 years now, and that is precisely why my government has decided to strengthen our support for this conference,” said Scholz.

Earlier this year, Scholz also met with Prime Minister Fumio Kishida in Tokyo, Japan. Moreover, India’s Prime Minister, Narendra Modi paid the chancellor a visit in May.

Condemning Russia’s war aggression whilst stressing the need to intensify partnerships with Asia, Scholz’s approach to these visits is to prepare Germany to be more shockproof in dealing with crises.  

According to current forecasts, Asia will contribute around half of global gross domestic product (GDP) by 2050.

German Asia-Pacific Business Association regional manager Asean, Daniel Mueller stated it is a well-known and accepted fact in Germany that Asia will be the heart of the new world order both politically and economically.

“Germany does not want to stand back and tries to increase its engagement in the region. The signal is that we have understood the importance of the region and are willing to defend our interests. It is also a subtle signal to China that there are many opportunities beyond the People’s Republic,” he told StarBiz.

Mueller also stated that Asia-Pacific countries should also, like Germany, actively diversify their markets in order to strengthen economic capabilities.

“Asia-Pacific countries should also take into account the imperative of risk mitigation in an uncertain geopolitical environment and consider “economic security” and likewise further diversify their external economic relations.

In regards to Malaysia’s progress in building resilience across supply chains, Mueller opined that it is well on track.

“Malaysia is already relatively well positioned in this regard, both in terms of the various sources of economic growth and the various export markets,” he said.

Russia has been a reliable natural gas supplier to Germany for decades. When the war broke out, Germany found itself in a quandary as it struggled to either be weaned from Russia or seek an alternative source.

Konrad-Adenauer-Stiftung, Director of Media Programme Asia, Ansgar Graw concurred and told StarBiz, “Following the energy crisis, Germany is now trying to avoid becoming entirely dependent on China for the manufacturing and production of goods. While Germany does not intend to decouple from China, it sees the need to seek for alternative markets in other countries.”

Scholz added that diversification does not mean decoupling, which he warned could be protectionism in disguise.

Among the German delegation, it could also be heard that German business leaders would resist heavily if Germany attempted to decouple China.

“As long as China is not doing something like attacking Taiwan, the government cannot stop German businesses from investing in China. The government may only be able to resort to decline providing investment guarantees for German businesses.

“This was the case with carmaker Volkswagen AG when credit insurance to invest in Xinjiang, China was denied due to allegations of human rights violation in the Chinese province.”

Meanwhile, vice chancellor and federal minister for economic affairs & climate action Robert Habeck noted leaving China out of the equation will only backfire as it will lose out on the opportunities the second largest global economy brings.
 
“In the past, Germany invested a lot of money to build up the battery industry in Germany. We thought that by doing so, we would be able to be independent of China in the sector. The truth is we are not, as the raw materials that we use for that development are from China,” he said.

He further elaborated that the exchange of goods between Germany and this region is 550 billion euros. Out of which, more than half of the goods exchanged are with China.

“China’s exchange of goods with the European Union is decreasing, or at least not increasing. This means that while China is orientated to the whole world, Europe is orientated to China. Hence, we need to continue to find ways to trade and do business with China,” he said.

By Elim Poon

The Star

Asia News Network