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Shares of AI-lending platform Upstart Holdings Inc (UPST) rose over 12% on Friday after Needham reportedly upgraded the stock to ‘Buy’ from ‘Hold’ while keeping a price target of $100. This implies a nearly 15% upside from the current trading levels. “Coming off the meetings, we believe that UPST has achieved a proper balance in funding, largely due to the increased appetite and partnerships with committed capital buyers,” Needham analysts wrote after meeting with the firm’s executives, according to a Barron's report. “We also expect the funding environment to steadily improve as the short-end of the yield curve continues to come down,” they said. The brokerage sees UPST as a good fit for growth investors, and anticipates that growth and margins will significantly improve in the coming quarters, according to the report. Following the upgrade, retail sentiment on Stocktwits climbed into the ‘extremely bullish’ territory (85/100) from ‘bearish’ a day ago. The move was accompanied by ‘extremely high’ message volume. Earlier this month, Redburn Atlantic analyst Simon Clinch reportedly upgraded Upstart to ‘Buy’ from ‘Neutral’ with a price target of $95, up from $37. The firm noted that Upstart has now delivered two quarters that exceeded expectations, with forward guidance an incremental positive. Redburn also noted the significant market opportunity for Upstart's business, a powerful blend of AI and a scalable technology platform, that could boost the share price to over $250 in the next five years. Notably, shares of Upstart have gained over 124% since the beginning of the year. For updates and corrections, email newsroom[at]stocktwits[dot]com.<(The Center Square) — New York City has received a green light from the Biden administration to implement a retooled congestion pricing program, but the plan still faces lawsuits from opponents and anticipated pushback from incoming President-elect Donald Trump. Last Thursday, the Federal Highway Administration approved the Metropolitan Transportation Authority's plan, which Gov. Kathy Hochul resurrected earlier this month with a reduced base fare of $9 – down from the original plan of $15. The program will go into effect on Jan. 5, just days before Trump takes over the presidency. "We are pleased to have received formal approval from the Federal Highway Administration for the phase-in feature of the Central Business District Tolling Program,” Catherine Sheridan, president of MTA Bridges and Tunnels/Triborough Bridge and Tunnel Authority, said in a statement. The controversial tolling program, which was originally set to start June 30, called for a $15 toll on drivers entering the core of Manhattan to generate about $1 billion annually for public transit system upgrades. But in June, Hochul abruptly hit the brakes on congestion pricing, announcing that she directed the MTA to "indefinitely" pause the program. She cited the impact on commuters who would be forced to pay higher tolls. To be sure, the new congestion pricing tolls will eventually increase to the original $15 by 2031, according to the Hochul administration. The MTA said the plan includes discounts for low-income drivers making less than $50,000 annually. These drivers will receive a 50% discount after hitting their 10th toll each month. Meanwhile, the plan faces an uncertain future with several lawsuits, including one filed by New Jersey Gov. Phil Murphy and another by the New York Trucking Association, challenging the higher tolling system in state and federal court. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER "While political leadership is now saying the right things about bringing down the cost of living in the state, New Yorkers should not be fooled by the rhetoric: this new congestion pricing plan is still bad for the economy, will still cause supply chain disruptions, and will still raise the price of goods upon which households across the five boroughs and its surrounding suburbs rely," Kendra Hems, the Trucking Association's president, said in a statement. Trump, a Republican and native New Yorker, has pledged to "terminate" the program when he takes over the White House in January. Trump's pick to head the U.S. Environmental Protection Agency, former New York congressman Lee Zelden, railed against congestion pricing during his 2022 gubernatorial run.online game in gcash

BlackRock® Canada Postpones Unitholder Meeting of iShares Premium Money Market ETF to Approve Investment Objective ChangeTROY, N.Y. — The Hudson Valley Community College women’s volleyball program saw its 2024 season come to an end on Saturday, Nov. 2, as they were defeated in straight sets by rival Adirondack in the semifinal round of the NJCAA Region 3 Championships, hosted by Niagara County Community College in Sanborn, NY.The 2024 season was [...]

Former Newfoundland and Labrador premiers say a draft energy agreement signed Thursday with Quebec marks a historic break in a long-standing political standoff. Brian Tobin, who was premier from 1996 to 2000, describes the sweeping new energy contract as a long-awaited "breaking of political gridlock" between Newfoundland and Labrador and Quebec. Tobin says he has no doubt that ending the 1969 deal that gave Quebec nearly free electricity from Labrador was a top priority for every premier since Joey Smallwood, the man who signed the contract. Roger Grimes ran the province between 2001 to 2003, and he says all of the province's premiers wished they had found a willing partner in Quebec to reshape the agreement. Pointing to the province's unsuccessful attempts to challenge the deal in court, he says Quebec Premier Francois Legault had no obligation to throw out the contract but saw a good opportunity and showed political will. The two provinces signed an agreement in principle Thursday under which Quebec will pay higher rates for power and partner with Newfoundland and Labrador on new hydroelectric projects in Labrador. This report by The Canadian Press was first published Dec. 13, 2024.

Clemson vs. San Francisco Predictions & Picks: Spread, Total – November 25This series of Playable Futures articles considers how the design, technology, people, and theory of video games are informing and influencing the wider world. The snowballing intersection of music and video games has been a near-obsessive talking point across both sectors over recent years. From famed musicians taking starring roles in triple-A titles, to placement on FIFA playlists starting to rival Spotify for gathering new fans, opportunities abound. At the same time, the music industry is still guided by concepts established decades ago, from the dominant licensing model, to the album and single release framework. The potential for even more happenings around music and games coming together is profound, and yet until recently, the former's legacy conventions have arguably held things back. That was something very much on the minds of Alex Tarrand and Oleg Butenko as they began to concoct their concept for Styngr, a gaming-focused blend of music industry joint venture and technology platform. The duo of co-founders saw an opportunity to modernise the ecosystem that connects music and games. "Music [has] this legal architecture that's been in place for a long time and it doesn't really match the speed or requirements of game companies" "We were looking at how the potential crossover of music and games wasn't being fully realised, and we saw that this old model of music licensing didn't really work for most games," offers Tarrand, Styngr COO. "That's how it was, and how it still is to a degree. But things are changing, and they have to. "Video game companies, essentially, are software companies. Software companies want to be able to move fast, socket into APIs, or take a code library like an SDK for advertising or analytics. They keep moving, are used to immediate integrations, needing to move fast and iterate. And then when it comes to music, there's this legal architecture that's been in place for a long time – some of it from the Motown era – and it... Will FreemanFOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Peppers missed seven games since being placed on the list on Oct. 9 after he was arrested and charged with shoving his girlfriend’s head into a wall and choking her. The league said its review is ongoing and is not affected by the change in Peppers’ roster status. Braintree, Massachusetts, police said they were called to a home for an altercation between two people on Oct. 7, and a woman told them Peppers choked her. Police said they found at the home a clear plastic bag containing a white powder, which later tested positive for cocaine. Peppers, 29, pleaded not guilty in Quincy District Court to charges of assault and battery with a dangerous weapon and possession of a Class “B” substance believed to be cocaine. At a court appearance last week a trial date was set for Jan. 22. “Any act of domestic violence is unacceptable for us,” Patriots coach Jerod Mayo said after the arrest. “With that being said, I do think that Jabrill has to go through the system, has to continue to go through due process. We’ll see how that works out.” A 2017 first-round draft choice by Cleveland, Peppers spent two seasons with the Browns and three with the New York Giants before coming to New England in 2022. He was signed to an extension this summer. He played in the first four games of the season and missed one with a shoulder injury before going on the exempt list, which allows NFL Commissioner Roger Goodell to place a player on paid leave while reviewing his case. AP NFL: https://apnews.com/hub/nfl

Payment Processing Solutions Market Future Trends, Scope, Size, Share, Advance Technology, Demand And Forecast - 2028 12-20-2024 12:04 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India). Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, ACH, eWallet), Vertical (BFSI, Retail, Healthcare, Telecom, Travel & Hospitality, Real Estate), and Region(North America, Europe, APAC, RoW) - Global Forecast to 2028. The payment processing solutions market [ https://www.marketsandmarkets.com/Market-Reports/payment-processing-solutions-market-751866.html?utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] is anticipated to expand from USD 103.2 billion in 2023 to USD 160.0 billion by 2028, registering a CAGR of 9.2% during the forecast period. The surge in online shopping and the proliferation of e-commerce platforms have driven a substantial rise in digital payments. Payment processing solutions are crucial for enabling secure and seamless transactions, addressing the increasing demand for online payment options. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751866 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Based on payment method, the credit card method to hold the largest market during the forecast period. A credit card is a payment card issued by banks or financial institutions to individuals, allowing them to make purchases from merchants and incur agreed-upon charges. It provides a revolving line of credit, enabling cardholders to borrow money for payments or cash advances. Credit cards offer convenience and flexibility, eliminating the need for cash or checks. Cardholders have the option to carry a balance from month to month, subject to interest charges. Different types of credit cards, such as business, secured, prepaid, and digital cards, cater to various needs and preferences. While credit cards provide benefits like rewards programs and enhanced purchasing power, responsible credit management is crucial to avoid excessive debt and interest accumulation. Based on region, Asia Pacific is expected to hold the largest market size during the forecast Asia Pacific consumers in the region prefer seamless and secure digital payment transactions, driving the demand for advanced payment processing solutions. With a growing retail market in Asia Pacific, global payment processing solution providers increasingly focus on this region to offer sophisticated solutions. Countries like China, India, Indonesia, and Malaysia witness a high volume of daily mobile transactions, prompting respective governments to prioritize convenient payment methods. The GSMA's "The Mobile Economy 2021" report highlights that Asia Pacific has a 42% mobile internet penetration rate, with 1.2 billion people connected to mobile internet by the end of 2020, marking an addition of 200 million new subscribers compared to the previous year. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=751866 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Unique Features in the Payment Processing Solutions Market Payment processing solutions are designed to integrate effortlessly with a variety of platforms, including e-commerce websites, mobile applications, and point-of-sale systems. This interoperability ensures smooth transactions and a consistent user experience across channels. A key feature of payment processing solutions is their emphasis on security. These systems incorporate robust technologies such as tokenization, encryption, and fraud detection mechanisms to safeguard sensitive customer data and ensure secure transactions. Modern payment processing solutions support a wide range of payment methods, including credit and debit cards, digital wallets, bank transfers, and even cryptocurrencies. This versatility caters to diverse customer preferences and enhances accessibility. Real-time processing is a standout feature in this market, enabling businesses and customers to complete transactions instantly. This capability is particularly critical for e-commerce and on-demand services, where speed is paramount. Payment processing solutions are built to scale alongside business growth. Whether a company is managing a small local operation or expanding globally, these systems adapt to increasing transaction volumes without compromising performance. Major Highlights of the Payment Processing Solutions Market The rapid rise of e-commerce platforms and online shopping has significantly boosted the demand for digital payment solutions. These ecosystems rely heavily on payment processors to facilitate smooth and secure transactions, supporting their global scalability. A key highlight of the market is its focus on advanced security protocols, such as encryption, tokenization, and fraud prevention technologies. These measures ensure data protection and bolster customer trust in digital payment systems. The increasing popularity of mobile wallets and contactless payment methods, such as Apple Pay and Google Pay, has become a major trend. Payment processors are adapting to this shift by enabling seamless integration with mobile devices. As businesses expand globally, the need for cross-border payment processing has grown. Solutions that support multi-currency transactions and comply with international regulations are becoming essential for businesses targeting global markets. The proliferation of subscription-based business models in industries like entertainment, SaaS, and fitness has highlighted the need for automated recurring payment solutions. Payment processors are meeting this demand by offering features tailored to streamline subscription billing. Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=751866 [ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Top Companies in the Payment Processing Solutions Market The major vendors covered in the payment processing solutions market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US). PayPal is a globally recognized digital payment platform that provides online payment solutions to individuals and businesses worldwide. PayPal is a leading technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants across the globe. The company operates through two segments: the business segment and the reportable segment. It offers a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company has established itself as a popular payment platform due to its ease of use and security features. PayPal allows customers to send and receive payments online quickly and securely, making it a preferred payment option for online transactions, particularly in eCommerce. Additionally, PayPal's payment processing fees are transparent, and the platform is compatible with various currencies, making it an attractive choice for businesses that require a flexible payment processor. PayPal's business model is centered on charging fees for its payment services, typically a percentage of the transaction value and a fixed fee per transaction. Fiserv is a leading global provider of financial services technology solutions. The company offers a wide range of software, hardware, and professional services to banks, credit unions, investment firms, and other financial institutions. Fiserv's solutions are designed to help these institutions improve operational efficiency, reduce costs, and enhance customer experience. The company engages in the provision of financial services technology. It operates through the Payments, Financial, Corporate, and Other segments. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The Financial segment provides financial institutions with account processing services, item processing, source capture services, loan origination and servicing products, cash management and consulting services, and other products and services supporting numerous types of financial transactions. The Corporate and Others segment consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses, and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. Adyen is a prominent player in the Payment Processing Solutions Market, providing a comprehensive, end-to-end platform that supports a wide range of payment methods and currencies globally. Adyen's solutions are designed to facilitate seamless, secure transactions for merchants both online and in-store, enhancing the customer payment experience. The platform integrates with various payment methods, including credit cards, mobile wallets, and local payment options, ensuring broad acceptance and flexibility. With advanced fraud detection, data analytics, and scalable infrastructure, Adyen empowers businesses to optimize their payment processes, reduce operational complexity, and drive growth in the rapidly evolving digital commerce landscape. Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=payment-processing-solutions-market-future-trends-scope-size-share-advance-technology-demand-and-forecast-2028 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/payment-processing-solutions-market-751866.html This release was published on openPR.

The withdrawal in the case marked the end of the years-long legal battle between Mr Trump and the special counsel, Jack Smith, and reflected the extraordinary ability of Mr Trump to sidestep an indictment that would have sunk the presidential bid of anyone else. Mr Trump’s election victory was always going to spell the end of the criminal cases against him due to justice department policy that prohibits prosecutors from taking criminal action against a sitting president. But the pre-emptive withdrawals showed how Mr Trump used politics to beat the legal system. In a six-page motion to dismiss the 2020 election interference case, prosecutors said even though Mr Trump was not yet president, they had been told by the department’s office of legal counsel, which provides internal legal advice, to withdraw the case before his inauguration in January. “It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President,” wrote Mr Smith’s top deputy, Molly Gaston. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” she added. At the Mar-a-Lago club in Florida, from where Mr Trump is running the presidential transition and once stashed classified documents after he left office in 2021, Mr Trump’s communications director, Steven Cheung, issued a gleeful statement on the news. “Today’s decision by the DOJ ends the unconstitutional federal cases against President Trump, and is a major victory for the rule of law. The American People and President Trump want an immediate end to the political weaponization of our justice system,” Cheung wrote. Within days of Mr Trump’s victory, prosecutors started examining how to shut down the 2020 election case in federal district court in Washington, and the more complicated matter of the classified documents case that was before the US court of appeals for the 11th circuit. Mr Trump launched his presidential campaign in 2022 under the cloud of an impending special counsel investigation into his retention of national security materials at his Mar-a-Lago club after he lost the 2020 presidential election and left the White House. He repeatedly told supporters at rallies and in public statements that he was running for his literal freedom, urging voters to return him to the presidency in part because the charges would only disappear if he were re-elected. Mr Trump also vowed to pursue the prosecutors and federal investigators involved in the cases. In anticipation of an expected legal retribution effort, Mr Smith and his top deputies are expected to resign from the justice department before Mr Trump is inaugurated, the Guardian has reported. For months, Mr Trump’s overarching legal strategy was to delay the criminal cases until after the election – banking on the fact that if he won he could appoint a loyalist attorney general who would simply drop the prosecutions. He was unsuccessful in delaying his New York criminal case, tied to his efforts to influence the outcome of the 2016 election through an unlawful hush-money scheme, and for which he was convicted on 34 felony counts. Sentencing has been postponed indefinitely. – GuardianAfter nearly three months in office, the outlook for the Paetongtarn Shinawatra government is likely to be influenced by several anticipated new stimulus proposals that are expected to be revealed in unison. The National Economic and Social Development Council (NESDC) last week forecast a Thai GDP growth rate of 2.3-3.3% in 2025, with an average of 2.8%. Despite a more promising outlook for next year, the NESDC warned that household debt is soaring, coinciding with concerns from the business sector that the government needs to improve in a number of areas to achieve the growth rate projected by the planning agency. Thienprasit Chaiyapatranun, president of the Thai Hotels Association, said the government has yet to effectively stimulate economic growth as expected. He said the tourism industry next year should continue to be a major driver of GDP with 40 million foreign tourists expected to arrive, while growth in other industries may remain stagnant. Mr Thienprasit said there are gaps that could be filled to increase the number of arrivals and spending by tourists, such as promotions during the low season that include attractive programmes and campaigns. Regarding the hospitality sector, he said the government could support the market during the low season by increasing the budget available to organise governmental and public sector meetings and conferences across the country. Foreign investment should also be accelerated, including large projects such as the proposed Land Bridge and the development of comprehensive entertainment complexes that include casinos, said Mr Thienprasit. He said the government's initiative to lure technology investment to Thailand is a good idea, as data centre projects would help create jobs and business opportunities. With the government's priority the 10,000-baht handout aimed at lifting domestic consumption, Mr Thienprasit said the outcome of the scheme remains unclear when compared with investments in major infrastructure projects. He said it would be more productive and practical if the government instead worked to ease the debt burden of many Thais, as this would eventually increase people's spending power. Exports will continue to play a key role in driving Thailand's GDP next year, but the country needs to ensure products labelled as made in Thailand are actually produced by Thais, said Tanit Sorat, vice-chairman of the Employers' Confederation of Thai Trade and Industry (EconThai). If these goods are produced by Chinese manufacturers, this may negatively affect the export sector, he said. This could become a serious issue if Chinese companies try to avoid the higher tariffs US President-elect Donald Trump has vowed to impose on Chinese products by exporting goods to the US via Thailand, Mr Tanit said. A close examination of goods that are produced, processed and packed in Thailand both for domestic sale and export may be required to ensure the products were actually manufactured by Thai companies. "They may be made by Chinese entrepreneurs in Thailand," he said. "We don't know whether this will become an issue, which could cause the Trump administration to launch retaliatory measures against Thailand." Trump announced he would impose tariffs of 10-20% on all imported products, with tariffs of between 60-100% on goods imported from China, according to media reports. Thailand and other countries, especially those that have a trade surplus with the US, are likely to face tariffs of 10-20%, said Mr Tanit. The new US foreign trade policy will likely have a limited impact on Thai exports to the US, he said. EconThai believes exports and tourism will continue to drive the Thai economy next year. A glance at growth forecasts from various state agencies led Mr Tanit to predict a rate of 2.9% next year. "Our economy is growing, but its growth rate will be lower than those of neighbouring countries," he said, adding Southeast Asia is expected to grow by 4-5% in 2025. He applauded the new government for its stimulus efforts. "The 10,000-baht handout should help the economy somewhat as it indirectly helps some businesses to maintain their employment," said Mr Tanit. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said he believes Thailand's GDP will grow by 3% in 2025, based on the NESDC forecast, as the economy gradually recovers next year. The fiscal 2025 budget was already approved, so the implementation of various policies, including government stimulus measures, will be able to proceed smoothly, he said, helping to drive the economy forward during the coming year. Thai exports were affected by baht strength earlier this year. The value of exports for the first nine months of 2024 tallied US$223 billion, up 3.9% year-on-year, indicating the export sector continues to be a key driver of the economy, said Mr Sanan. Officials expect Thailand will start to register more investments in new S-curve industries, propelling the export sector and GDP growth next year. The tourism sector is projected to fully recover in 2025 as Thailand recorded more than 30 million foreign arrivals during the first 11 months of 2024, which represents 85% of the target of 35 million arrivals set for 2025. If the government can accelerate the promotion of Thailand's soft power through various events and position the country's festivals on the global calendar, he said it will help raise awareness among foreign tourists, attracting high-income tourists to visit or live here. This would increase tourism revenue and create jobs, improving income distribution, said Mr Sanan. In terms of consumer spending, the government already started disbursal of the fiscal 2025 budget and implemented various stimulus measures. In addition, the government's recent debt relief measures should help generate liquidity in the economy, he said. Moreover, the government needs to accelerate efforts to attract foreign direct investment into Thailand by leveraging the opportunities presented by Trump's foreign trade policy, said Mr Sanan, which could restore confidence among both Thai and foreign investors. Chak Reungsinpinya, head of research at Maybank Securities (Thailand), said the brokerage is feeling more bullish and hopeful regarding Thailand's economic future following recent discussions with Finance Minister Pichai Chunhavajira. According to Mr Chak, the finance minister said some policies are short-term but much-needed, including the cash handout and debt restructuring schemes addressing the economic slowdown. "Mr Pichai emphasised the need to maintain fiscal discipline and expects the budget deficit to fall below 4% of GDP in the fiscal 2025 budget, keeping government debt-to-GDP below 70%, compared with 65% now," he said. Mr Pichai also said the investment budget must exceed the deficit level, meaning that current expenditure needs to be financed solely by government receipts. Over the longer term, tax reforms are needed to help close the fiscal gap, said Mr Chak. "This includes potentially lower personal and corporate income taxes, but higher value-added tax with excess government receipts going towards low-income earners via social programmes," he said. Following the initial 10,000-baht handout in October, Maybank expects Thai GDP growth to reach 3.4% in the fourth quarter of 2024, bringing full-year growth to 2.6%. The brokerage maintained its 2025 GDP projection of 2.8%, with public investment and public consumption remaining the key drivers. "We are mindful of risks to growth from rising trade barriers, especially if the US trade policy targets exporting nations that are closely integrated with China's supply chains," Maybank said in a research note, adding consumer indebtedness need to be reduced to a more manageable level for private consumption growth to recover. "The authorities are planning to implement debt restructuring programmes to address household debt, but these will take time to take effect and support consumption." Prakit Siriwattanaket, managing director of Merchant Partners Asset Management, said the government recently introduced policies to address persistent problems such as high debt levels, in addition to short-term stimulus. In his view, increased government budget disbursement is the main reason Thai GDP exceeded the market forecast of 2.7% in the third quarter this year. "The government deserves credit for increasing budget disbursement from 50 billion baht in August to 89 billion in September. This is what prior administrations wanted to do, but could not accomplish," said Mr Prakit. He said the market expects the Bank of Thailand's Monetary Policy Committee to further trim the policy rate in December to spur economic growth. Amonthep Chawla, chief economist at CIMB Thai Bank (CIMBT), described the 3% year-on-year GDP growth in the third quarter recently as unexpectedly strong, exceeding the bank's forecast of 2.2%. According to the NESDC's latest data, public spending and domestic consumption exceeded the bank's expectations. Foreign tourist arrivals aligned with the bank's forecast and remained a key driver of Thailand's economic growth, he said. Following the NESDC's announcement of third-quarter results, CIMBT's research centre is revising its growth forecasts for 2024 and 2025. The centre is also awaiting updated economic data from the central bank. However, Mr Amonthep said the bank does not expect the country's growth rate for the fourth quarter to reach 4% year-on-year, citing the central bank's assessment that weaker purchasing power among low-income groups, particularly vulnerable and agricultural households, will weigh on economic performance. He said the second phase of the government's 10,000-baht cash handout is unlikely to significantly boost economic growth in the final quarter, as the target beneficiaries, primarily elderly individuals, are expected to spend conservatively. "Initially, we planned to revise our GDP growth forecast for this year to 2.6-2.7% from 2.3%, but the new projected figures are likely to fall just short of 3%," said Mr Amonthep. Thitima Chucherd, head of economic and financial market research at SCB EIC, said the centre plans to slightly boost its 2024 Thai growth projection to 2.6% from 2.5% following the NESDC's third-quarter report. EIC predicted third-quarter GDP growth of 2.6%, aligning with forecasts by other research houses in a range of 2.4-2.6%. The government's various stimulus initiatives, including the second phase of the cash handout programme, are expected to contribute 0.6-0.8 percentage points to growth. As a result, the country's GDP growth in the fourth quarter of 2024 could potentially reach 4% year-on-year, noted the research centre. For 2025, Ms Thitima said the Thai economy is expected to face greater challenges, particularly from potential changes in US foreign trade policies under the new administration, which could negatively impact exports in the second half of the year. As a consequence, Thailand's economic growth next year may fall below the current projection of 2.6%, noted EIC. She said EIC is awaiting further details on the implementation of stimulus packages and US economic policies before making final adjustments to its forecasts. Surrounded by leaders and members of coalition parties, Ms Paetongtarn, centre, makes a point ahead of a meeting to discuss the controversial Koh Kut border issue and referendum bill at Government House on Nov 4. Chanat Katanyu Tourists and locals make their way around Chatuchak weekend market in Bangkok. Nutthawat Wichieanbut A woman collects plastic bottles to be sold for recycling. A CIMBT economist believes the second phase of the state's cash handout is unlikely to significantly boost growth in the final quarter, as the target beneficiaries, primarily elderly individuals, are expected to spend conservatively. Apichart Jinakul

Shares of AI-lending platform Upstart Holdings Inc (UPST) rose over 12% on Friday after Needham reportedly upgraded the stock to ‘Buy’ from ‘Hold’ while keeping a price target of $100. This implies a nearly 15% upside from the current trading levels. “Coming off the meetings, we believe that UPST has achieved a proper balance in funding, largely due to the increased appetite and partnerships with committed capital buyers,” Needham analysts wrote after meeting with the firm’s executives, according to a Barron's report. “We also expect the funding environment to steadily improve as the short-end of the yield curve continues to come down,” they said. The brokerage sees UPST as a good fit for growth investors, and anticipates that growth and margins will significantly improve in the coming quarters, according to the report. Following the upgrade, retail sentiment on Stocktwits climbed into the ‘extremely bullish’ territory (85/100) from ‘bearish’ a day ago. The move was accompanied by ‘extremely high’ message volume. Earlier this month, Redburn Atlantic analyst Simon Clinch reportedly upgraded Upstart to ‘Buy’ from ‘Neutral’ with a price target of $95, up from $37. The firm noted that Upstart has now delivered two quarters that exceeded expectations, with forward guidance an incremental positive. Redburn also noted the significant market opportunity for Upstart's business, a powerful blend of AI and a scalable technology platform, that could boost the share price to over $250 in the next five years. Notably, shares of Upstart have gained over 124% since the beginning of the year. For updates and corrections, email newsroom[at]stocktwits[dot]com.<(The Center Square) — New York City has received a green light from the Biden administration to implement a retooled congestion pricing program, but the plan still faces lawsuits from opponents and anticipated pushback from incoming President-elect Donald Trump. Last Thursday, the Federal Highway Administration approved the Metropolitan Transportation Authority's plan, which Gov. Kathy Hochul resurrected earlier this month with a reduced base fare of $9 – down from the original plan of $15. The program will go into effect on Jan. 5, just days before Trump takes over the presidency. "We are pleased to have received formal approval from the Federal Highway Administration for the phase-in feature of the Central Business District Tolling Program,” Catherine Sheridan, president of MTA Bridges and Tunnels/Triborough Bridge and Tunnel Authority, said in a statement. The controversial tolling program, which was originally set to start June 30, called for a $15 toll on drivers entering the core of Manhattan to generate about $1 billion annually for public transit system upgrades. But in June, Hochul abruptly hit the brakes on congestion pricing, announcing that she directed the MTA to "indefinitely" pause the program. She cited the impact on commuters who would be forced to pay higher tolls. To be sure, the new congestion pricing tolls will eventually increase to the original $15 by 2031, according to the Hochul administration. The MTA said the plan includes discounts for low-income drivers making less than $50,000 annually. These drivers will receive a 50% discount after hitting their 10th toll each month. Meanwhile, the plan faces an uncertain future with several lawsuits, including one filed by New Jersey Gov. Phil Murphy and another by the New York Trucking Association, challenging the higher tolling system in state and federal court. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER "While political leadership is now saying the right things about bringing down the cost of living in the state, New Yorkers should not be fooled by the rhetoric: this new congestion pricing plan is still bad for the economy, will still cause supply chain disruptions, and will still raise the price of goods upon which households across the five boroughs and its surrounding suburbs rely," Kendra Hems, the Trucking Association's president, said in a statement. Trump, a Republican and native New Yorker, has pledged to "terminate" the program when he takes over the White House in January. Trump's pick to head the U.S. Environmental Protection Agency, former New York congressman Lee Zelden, railed against congestion pricing during his 2022 gubernatorial run.online game in gcash

BlackRock® Canada Postpones Unitholder Meeting of iShares Premium Money Market ETF to Approve Investment Objective ChangeTROY, N.Y. — The Hudson Valley Community College women’s volleyball program saw its 2024 season come to an end on Saturday, Nov. 2, as they were defeated in straight sets by rival Adirondack in the semifinal round of the NJCAA Region 3 Championships, hosted by Niagara County Community College in Sanborn, NY.The 2024 season was [...]

Former Newfoundland and Labrador premiers say a draft energy agreement signed Thursday with Quebec marks a historic break in a long-standing political standoff. Brian Tobin, who was premier from 1996 to 2000, describes the sweeping new energy contract as a long-awaited "breaking of political gridlock" between Newfoundland and Labrador and Quebec. Tobin says he has no doubt that ending the 1969 deal that gave Quebec nearly free electricity from Labrador was a top priority for every premier since Joey Smallwood, the man who signed the contract. Roger Grimes ran the province between 2001 to 2003, and he says all of the province's premiers wished they had found a willing partner in Quebec to reshape the agreement. Pointing to the province's unsuccessful attempts to challenge the deal in court, he says Quebec Premier Francois Legault had no obligation to throw out the contract but saw a good opportunity and showed political will. The two provinces signed an agreement in principle Thursday under which Quebec will pay higher rates for power and partner with Newfoundland and Labrador on new hydroelectric projects in Labrador. This report by The Canadian Press was first published Dec. 13, 2024.

Clemson vs. San Francisco Predictions & Picks: Spread, Total – November 25This series of Playable Futures articles considers how the design, technology, people, and theory of video games are informing and influencing the wider world. The snowballing intersection of music and video games has been a near-obsessive talking point across both sectors over recent years. From famed musicians taking starring roles in triple-A titles, to placement on FIFA playlists starting to rival Spotify for gathering new fans, opportunities abound. At the same time, the music industry is still guided by concepts established decades ago, from the dominant licensing model, to the album and single release framework. The potential for even more happenings around music and games coming together is profound, and yet until recently, the former's legacy conventions have arguably held things back. That was something very much on the minds of Alex Tarrand and Oleg Butenko as they began to concoct their concept for Styngr, a gaming-focused blend of music industry joint venture and technology platform. The duo of co-founders saw an opportunity to modernise the ecosystem that connects music and games. "Music [has] this legal architecture that's been in place for a long time and it doesn't really match the speed or requirements of game companies" "We were looking at how the potential crossover of music and games wasn't being fully realised, and we saw that this old model of music licensing didn't really work for most games," offers Tarrand, Styngr COO. "That's how it was, and how it still is to a degree. But things are changing, and they have to. "Video game companies, essentially, are software companies. Software companies want to be able to move fast, socket into APIs, or take a code library like an SDK for advertising or analytics. They keep moving, are used to immediate integrations, needing to move fast and iterate. And then when it comes to music, there's this legal architecture that's been in place for a long time – some of it from the Motown era – and it... Will FreemanFOXBOROUGH, Mass. (AP) — The NFL removed New England Patriots safety Jabrill Peppers from the commissioner exempt list on Monday, making him eligible to participate in practice and play in the team’s games. Peppers missed seven games since being placed on the list on Oct. 9 after he was arrested and charged with shoving his girlfriend’s head into a wall and choking her. The league said its review is ongoing and is not affected by the change in Peppers’ roster status. Braintree, Massachusetts, police said they were called to a home for an altercation between two people on Oct. 7, and a woman told them Peppers choked her. Police said they found at the home a clear plastic bag containing a white powder, which later tested positive for cocaine. Peppers, 29, pleaded not guilty in Quincy District Court to charges of assault and battery with a dangerous weapon and possession of a Class “B” substance believed to be cocaine. At a court appearance last week a trial date was set for Jan. 22. “Any act of domestic violence is unacceptable for us,” Patriots coach Jerod Mayo said after the arrest. “With that being said, I do think that Jabrill has to go through the system, has to continue to go through due process. We’ll see how that works out.” A 2017 first-round draft choice by Cleveland, Peppers spent two seasons with the Browns and three with the New York Giants before coming to New England in 2022. He was signed to an extension this summer. He played in the first four games of the season and missed one with a shoulder injury before going on the exempt list, which allows NFL Commissioner Roger Goodell to place a player on paid leave while reviewing his case. AP NFL: https://apnews.com/hub/nfl

Payment Processing Solutions Market Future Trends, Scope, Size, Share, Advance Technology, Demand And Forecast - 2028 12-20-2024 12:04 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India). Payment Processing Solutions Market by Payment Method (Debit Card, Credit Card, ACH, eWallet), Vertical (BFSI, Retail, Healthcare, Telecom, Travel & Hospitality, Real Estate), and Region(North America, Europe, APAC, RoW) - Global Forecast to 2028. The payment processing solutions market [ https://www.marketsandmarkets.com/Market-Reports/payment-processing-solutions-market-751866.html?utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] is anticipated to expand from USD 103.2 billion in 2023 to USD 160.0 billion by 2028, registering a CAGR of 9.2% during the forecast period. The surge in online shopping and the proliferation of e-commerce platforms have driven a substantial rise in digital payments. Payment processing solutions are crucial for enabling secure and seamless transactions, addressing the increasing demand for online payment options. Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751866 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Based on payment method, the credit card method to hold the largest market during the forecast period. A credit card is a payment card issued by banks or financial institutions to individuals, allowing them to make purchases from merchants and incur agreed-upon charges. It provides a revolving line of credit, enabling cardholders to borrow money for payments or cash advances. Credit cards offer convenience and flexibility, eliminating the need for cash or checks. Cardholders have the option to carry a balance from month to month, subject to interest charges. Different types of credit cards, such as business, secured, prepaid, and digital cards, cater to various needs and preferences. While credit cards provide benefits like rewards programs and enhanced purchasing power, responsible credit management is crucial to avoid excessive debt and interest accumulation. Based on region, Asia Pacific is expected to hold the largest market size during the forecast Asia Pacific consumers in the region prefer seamless and secure digital payment transactions, driving the demand for advanced payment processing solutions. With a growing retail market in Asia Pacific, global payment processing solution providers increasingly focus on this region to offer sophisticated solutions. Countries like China, India, Indonesia, and Malaysia witness a high volume of daily mobile transactions, prompting respective governments to prioritize convenient payment methods. The GSMA's "The Mobile Economy 2021" report highlights that Asia Pacific has a 42% mobile internet penetration rate, with 1.2 billion people connected to mobile internet by the end of 2020, marking an addition of 200 million new subscribers compared to the previous year. Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=751866 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Unique Features in the Payment Processing Solutions Market Payment processing solutions are designed to integrate effortlessly with a variety of platforms, including e-commerce websites, mobile applications, and point-of-sale systems. This interoperability ensures smooth transactions and a consistent user experience across channels. A key feature of payment processing solutions is their emphasis on security. These systems incorporate robust technologies such as tokenization, encryption, and fraud detection mechanisms to safeguard sensitive customer data and ensure secure transactions. Modern payment processing solutions support a wide range of payment methods, including credit and debit cards, digital wallets, bank transfers, and even cryptocurrencies. This versatility caters to diverse customer preferences and enhances accessibility. Real-time processing is a standout feature in this market, enabling businesses and customers to complete transactions instantly. This capability is particularly critical for e-commerce and on-demand services, where speed is paramount. Payment processing solutions are built to scale alongside business growth. Whether a company is managing a small local operation or expanding globally, these systems adapt to increasing transaction volumes without compromising performance. Major Highlights of the Payment Processing Solutions Market The rapid rise of e-commerce platforms and online shopping has significantly boosted the demand for digital payment solutions. These ecosystems rely heavily on payment processors to facilitate smooth and secure transactions, supporting their global scalability. A key highlight of the market is its focus on advanced security protocols, such as encryption, tokenization, and fraud prevention technologies. These measures ensure data protection and bolster customer trust in digital payment systems. The increasing popularity of mobile wallets and contactless payment methods, such as Apple Pay and Google Pay, has become a major trend. Payment processors are adapting to this shift by enabling seamless integration with mobile devices. As businesses expand globally, the need for cross-border payment processing has grown. Solutions that support multi-currency transactions and comply with international regulations are becoming essential for businesses targeting global markets. The proliferation of subscription-based business models in industries like entertainment, SaaS, and fitness has highlighted the need for automated recurring payment solutions. Payment processors are meeting this demand by offering features tailored to streamline subscription billing. Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=751866 [ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=751866&utm_campaign=paymentprocessingsolutionsmarket&utm_source=abnewswire.com&utm_medium=paidpr ] Top Companies in the Payment Processing Solutions Market The major vendors covered in the payment processing solutions market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), ACI Worldwide (US), Square (US), Mastercard (US), Visa (US), Adyen (Netherland), Stripe (US), PayU (Netherland), Jack Henry & Associates (US), Paysafe (UK), PhonePe (India), Razorpay (India), Secure Payment Systems (US), Worldline (France), Spreedly (US), Fattmerchant (US), North American Bancard (US), Dwolla (US), CCBill (US), Authorize.Net (US), Alipay (China), PayProTec (US), SignaPay (US), Klik & Pay (Switzerland), Finix Payments (US), Due (US), Pineapple Payments (US), Modulr (UK), MuchBetter (UK), Paykickstart (US), AeroPay (US), and Sila (US). PayPal is a globally recognized digital payment platform that provides online payment solutions to individuals and businesses worldwide. PayPal is a leading technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants across the globe. The company operates through two segments: the business segment and the reportable segment. It offers a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company has established itself as a popular payment platform due to its ease of use and security features. PayPal allows customers to send and receive payments online quickly and securely, making it a preferred payment option for online transactions, particularly in eCommerce. Additionally, PayPal's payment processing fees are transparent, and the platform is compatible with various currencies, making it an attractive choice for businesses that require a flexible payment processor. PayPal's business model is centered on charging fees for its payment services, typically a percentage of the transaction value and a fixed fee per transaction. Fiserv is a leading global provider of financial services technology solutions. The company offers a wide range of software, hardware, and professional services to banks, credit unions, investment firms, and other financial institutions. Fiserv's solutions are designed to help these institutions improve operational efficiency, reduce costs, and enhance customer experience. The company engages in the provision of financial services technology. It operates through the Payments, Financial, Corporate, and Other segments. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The Financial segment provides financial institutions with account processing services, item processing, source capture services, loan origination and servicing products, cash management and consulting services, and other products and services supporting numerous types of financial transactions. The Corporate and Others segment consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses, and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. Adyen is a prominent player in the Payment Processing Solutions Market, providing a comprehensive, end-to-end platform that supports a wide range of payment methods and currencies globally. Adyen's solutions are designed to facilitate seamless, secure transactions for merchants both online and in-store, enhancing the customer payment experience. The platform integrates with various payment methods, including credit cards, mobile wallets, and local payment options, ensuring broad acceptance and flexibility. With advanced fraud detection, data analytics, and scalable infrastructure, Adyen empowers businesses to optimize their payment processes, reduce operational complexity, and drive growth in the rapidly evolving digital commerce landscape. Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=payment-processing-solutions-market-future-trends-scope-size-share-advance-technology-demand-and-forecast-2028 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/payment-processing-solutions-market-751866.html This release was published on openPR.

The withdrawal in the case marked the end of the years-long legal battle between Mr Trump and the special counsel, Jack Smith, and reflected the extraordinary ability of Mr Trump to sidestep an indictment that would have sunk the presidential bid of anyone else. Mr Trump’s election victory was always going to spell the end of the criminal cases against him due to justice department policy that prohibits prosecutors from taking criminal action against a sitting president. But the pre-emptive withdrawals showed how Mr Trump used politics to beat the legal system. In a six-page motion to dismiss the 2020 election interference case, prosecutors said even though Mr Trump was not yet president, they had been told by the department’s office of legal counsel, which provides internal legal advice, to withdraw the case before his inauguration in January. “It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President,” wrote Mr Smith’s top deputy, Molly Gaston. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” she added. At the Mar-a-Lago club in Florida, from where Mr Trump is running the presidential transition and once stashed classified documents after he left office in 2021, Mr Trump’s communications director, Steven Cheung, issued a gleeful statement on the news. “Today’s decision by the DOJ ends the unconstitutional federal cases against President Trump, and is a major victory for the rule of law. The American People and President Trump want an immediate end to the political weaponization of our justice system,” Cheung wrote. Within days of Mr Trump’s victory, prosecutors started examining how to shut down the 2020 election case in federal district court in Washington, and the more complicated matter of the classified documents case that was before the US court of appeals for the 11th circuit. Mr Trump launched his presidential campaign in 2022 under the cloud of an impending special counsel investigation into his retention of national security materials at his Mar-a-Lago club after he lost the 2020 presidential election and left the White House. He repeatedly told supporters at rallies and in public statements that he was running for his literal freedom, urging voters to return him to the presidency in part because the charges would only disappear if he were re-elected. Mr Trump also vowed to pursue the prosecutors and federal investigators involved in the cases. In anticipation of an expected legal retribution effort, Mr Smith and his top deputies are expected to resign from the justice department before Mr Trump is inaugurated, the Guardian has reported. For months, Mr Trump’s overarching legal strategy was to delay the criminal cases until after the election – banking on the fact that if he won he could appoint a loyalist attorney general who would simply drop the prosecutions. He was unsuccessful in delaying his New York criminal case, tied to his efforts to influence the outcome of the 2016 election through an unlawful hush-money scheme, and for which he was convicted on 34 felony counts. Sentencing has been postponed indefinitely. – GuardianAfter nearly three months in office, the outlook for the Paetongtarn Shinawatra government is likely to be influenced by several anticipated new stimulus proposals that are expected to be revealed in unison. The National Economic and Social Development Council (NESDC) last week forecast a Thai GDP growth rate of 2.3-3.3% in 2025, with an average of 2.8%. Despite a more promising outlook for next year, the NESDC warned that household debt is soaring, coinciding with concerns from the business sector that the government needs to improve in a number of areas to achieve the growth rate projected by the planning agency. Thienprasit Chaiyapatranun, president of the Thai Hotels Association, said the government has yet to effectively stimulate economic growth as expected. He said the tourism industry next year should continue to be a major driver of GDP with 40 million foreign tourists expected to arrive, while growth in other industries may remain stagnant. Mr Thienprasit said there are gaps that could be filled to increase the number of arrivals and spending by tourists, such as promotions during the low season that include attractive programmes and campaigns. Regarding the hospitality sector, he said the government could support the market during the low season by increasing the budget available to organise governmental and public sector meetings and conferences across the country. Foreign investment should also be accelerated, including large projects such as the proposed Land Bridge and the development of comprehensive entertainment complexes that include casinos, said Mr Thienprasit. He said the government's initiative to lure technology investment to Thailand is a good idea, as data centre projects would help create jobs and business opportunities. With the government's priority the 10,000-baht handout aimed at lifting domestic consumption, Mr Thienprasit said the outcome of the scheme remains unclear when compared with investments in major infrastructure projects. He said it would be more productive and practical if the government instead worked to ease the debt burden of many Thais, as this would eventually increase people's spending power. Exports will continue to play a key role in driving Thailand's GDP next year, but the country needs to ensure products labelled as made in Thailand are actually produced by Thais, said Tanit Sorat, vice-chairman of the Employers' Confederation of Thai Trade and Industry (EconThai). If these goods are produced by Chinese manufacturers, this may negatively affect the export sector, he said. This could become a serious issue if Chinese companies try to avoid the higher tariffs US President-elect Donald Trump has vowed to impose on Chinese products by exporting goods to the US via Thailand, Mr Tanit said. A close examination of goods that are produced, processed and packed in Thailand both for domestic sale and export may be required to ensure the products were actually manufactured by Thai companies. "They may be made by Chinese entrepreneurs in Thailand," he said. "We don't know whether this will become an issue, which could cause the Trump administration to launch retaliatory measures against Thailand." Trump announced he would impose tariffs of 10-20% on all imported products, with tariffs of between 60-100% on goods imported from China, according to media reports. Thailand and other countries, especially those that have a trade surplus with the US, are likely to face tariffs of 10-20%, said Mr Tanit. The new US foreign trade policy will likely have a limited impact on Thai exports to the US, he said. EconThai believes exports and tourism will continue to drive the Thai economy next year. A glance at growth forecasts from various state agencies led Mr Tanit to predict a rate of 2.9% next year. "Our economy is growing, but its growth rate will be lower than those of neighbouring countries," he said, adding Southeast Asia is expected to grow by 4-5% in 2025. He applauded the new government for its stimulus efforts. "The 10,000-baht handout should help the economy somewhat as it indirectly helps some businesses to maintain their employment," said Mr Tanit. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said he believes Thailand's GDP will grow by 3% in 2025, based on the NESDC forecast, as the economy gradually recovers next year. The fiscal 2025 budget was already approved, so the implementation of various policies, including government stimulus measures, will be able to proceed smoothly, he said, helping to drive the economy forward during the coming year. Thai exports were affected by baht strength earlier this year. The value of exports for the first nine months of 2024 tallied US$223 billion, up 3.9% year-on-year, indicating the export sector continues to be a key driver of the economy, said Mr Sanan. Officials expect Thailand will start to register more investments in new S-curve industries, propelling the export sector and GDP growth next year. The tourism sector is projected to fully recover in 2025 as Thailand recorded more than 30 million foreign arrivals during the first 11 months of 2024, which represents 85% of the target of 35 million arrivals set for 2025. If the government can accelerate the promotion of Thailand's soft power through various events and position the country's festivals on the global calendar, he said it will help raise awareness among foreign tourists, attracting high-income tourists to visit or live here. This would increase tourism revenue and create jobs, improving income distribution, said Mr Sanan. In terms of consumer spending, the government already started disbursal of the fiscal 2025 budget and implemented various stimulus measures. In addition, the government's recent debt relief measures should help generate liquidity in the economy, he said. Moreover, the government needs to accelerate efforts to attract foreign direct investment into Thailand by leveraging the opportunities presented by Trump's foreign trade policy, said Mr Sanan, which could restore confidence among both Thai and foreign investors. Chak Reungsinpinya, head of research at Maybank Securities (Thailand), said the brokerage is feeling more bullish and hopeful regarding Thailand's economic future following recent discussions with Finance Minister Pichai Chunhavajira. According to Mr Chak, the finance minister said some policies are short-term but much-needed, including the cash handout and debt restructuring schemes addressing the economic slowdown. "Mr Pichai emphasised the need to maintain fiscal discipline and expects the budget deficit to fall below 4% of GDP in the fiscal 2025 budget, keeping government debt-to-GDP below 70%, compared with 65% now," he said. Mr Pichai also said the investment budget must exceed the deficit level, meaning that current expenditure needs to be financed solely by government receipts. Over the longer term, tax reforms are needed to help close the fiscal gap, said Mr Chak. "This includes potentially lower personal and corporate income taxes, but higher value-added tax with excess government receipts going towards low-income earners via social programmes," he said. Following the initial 10,000-baht handout in October, Maybank expects Thai GDP growth to reach 3.4% in the fourth quarter of 2024, bringing full-year growth to 2.6%. The brokerage maintained its 2025 GDP projection of 2.8%, with public investment and public consumption remaining the key drivers. "We are mindful of risks to growth from rising trade barriers, especially if the US trade policy targets exporting nations that are closely integrated with China's supply chains," Maybank said in a research note, adding consumer indebtedness need to be reduced to a more manageable level for private consumption growth to recover. "The authorities are planning to implement debt restructuring programmes to address household debt, but these will take time to take effect and support consumption." Prakit Siriwattanaket, managing director of Merchant Partners Asset Management, said the government recently introduced policies to address persistent problems such as high debt levels, in addition to short-term stimulus. In his view, increased government budget disbursement is the main reason Thai GDP exceeded the market forecast of 2.7% in the third quarter this year. "The government deserves credit for increasing budget disbursement from 50 billion baht in August to 89 billion in September. This is what prior administrations wanted to do, but could not accomplish," said Mr Prakit. He said the market expects the Bank of Thailand's Monetary Policy Committee to further trim the policy rate in December to spur economic growth. Amonthep Chawla, chief economist at CIMB Thai Bank (CIMBT), described the 3% year-on-year GDP growth in the third quarter recently as unexpectedly strong, exceeding the bank's forecast of 2.2%. According to the NESDC's latest data, public spending and domestic consumption exceeded the bank's expectations. Foreign tourist arrivals aligned with the bank's forecast and remained a key driver of Thailand's economic growth, he said. Following the NESDC's announcement of third-quarter results, CIMBT's research centre is revising its growth forecasts for 2024 and 2025. The centre is also awaiting updated economic data from the central bank. However, Mr Amonthep said the bank does not expect the country's growth rate for the fourth quarter to reach 4% year-on-year, citing the central bank's assessment that weaker purchasing power among low-income groups, particularly vulnerable and agricultural households, will weigh on economic performance. He said the second phase of the government's 10,000-baht cash handout is unlikely to significantly boost economic growth in the final quarter, as the target beneficiaries, primarily elderly individuals, are expected to spend conservatively. "Initially, we planned to revise our GDP growth forecast for this year to 2.6-2.7% from 2.3%, but the new projected figures are likely to fall just short of 3%," said Mr Amonthep. Thitima Chucherd, head of economic and financial market research at SCB EIC, said the centre plans to slightly boost its 2024 Thai growth projection to 2.6% from 2.5% following the NESDC's third-quarter report. EIC predicted third-quarter GDP growth of 2.6%, aligning with forecasts by other research houses in a range of 2.4-2.6%. The government's various stimulus initiatives, including the second phase of the cash handout programme, are expected to contribute 0.6-0.8 percentage points to growth. As a result, the country's GDP growth in the fourth quarter of 2024 could potentially reach 4% year-on-year, noted the research centre. For 2025, Ms Thitima said the Thai economy is expected to face greater challenges, particularly from potential changes in US foreign trade policies under the new administration, which could negatively impact exports in the second half of the year. As a consequence, Thailand's economic growth next year may fall below the current projection of 2.6%, noted EIC. She said EIC is awaiting further details on the implementation of stimulus packages and US economic policies before making final adjustments to its forecasts. Surrounded by leaders and members of coalition parties, Ms Paetongtarn, centre, makes a point ahead of a meeting to discuss the controversial Koh Kut border issue and referendum bill at Government House on Nov 4. Chanat Katanyu Tourists and locals make their way around Chatuchak weekend market in Bangkok. Nutthawat Wichieanbut A woman collects plastic bottles to be sold for recycling. A CIMBT economist believes the second phase of the state's cash handout is unlikely to significantly boost growth in the final quarter, as the target beneficiaries, primarily elderly individuals, are expected to spend conservatively. Apichart Jinakul

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