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Thailand News Digest: Key Stories and Developments

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Thailand News Digest: Key Stories and Developments

Death of Princess Bajrakitiyabha

Thailand is in a 15-day national mourning period following the death of Princess Bajrakitiyabha (Princess Bha), the eldest child of King Vajiralongkorn and a figure widely regarded as a potential successor to the throne. She passed away at age 47 in a Bangkok hospital after spending three and a half years in a coma. Mourners lined the streets of Bangkok to pay their respects, with tears and tributes marking the occasion across the country. The Guardian | The New York Times

Princess Bha was well known for her legal and humanitarian work, and her legacy is remembered as people-centred and dedicated to public service. Taiwan, along with several other nations, expressed formal condolences. The mourning period serves as an advisory for businesses and tourists operating in Thailand to observe appropriate protocols during this time. BBC | Asia News Network


History and Heritage

WWII Death Railway Resurfaces

In a striking historical development, the sunken remains of a World War II-era train station on the infamous “Death Railway” have resurfaced from a Thai reservoir after more than 40 years underwater. The Death Railway, constructed under brutal conditions using Allied prisoners of war and Asian labourers during Japanese occupation, stands as one of the most harrowing symbols of wartime suffering in Southeast Asia. AP News | Reuters

The resurfacing has reignited international interest in preserving and documenting this dark chapter of history. Multiple photo galleries and reports have circulated widely, drawing renewed attention to the human cost of the railway’s construction and its significance as a site of historical memory.

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Diplomacy and Regional Affairs

Thailand-Cambodia Border Dispute

Thailand has appointed South African and German experts to assist in a UN arbitration process under UNCLOS to resolve an ongoing maritime and border dispute with Cambodia. Cambodia has simultaneously urged Thailand to resume border survey work, citing delays in joint mechanisms. Despite a recent ceasefire, more than 28,000 Cambodians remain displaced and unable to return home. Reuters | Foreign Policy

Regional Security and Trade

Russia’s Moscow has alleged that the United States is targeting Russian nationals in Thailand, raising diplomatic tensions. In response, Thailand’s Tourism Ministry reaffirmed that the country remains safe for Russian tourists. Separately, Prime Minister Anutin has traveled to Russia to pursue energy deals and expand Thai export orders, reflecting Thailand’s active multi-directional foreign policy approach. Thai PBS World


Economy and Business

Economic Challenges and Taxation

Thailand continues to navigate economic headwinds in 2026, with the Iran ceasefire bringing some market calm but failing to fully resolve domestic economic pressures. A KBank economist has warned that Thailand risks becoming a “landlord economy” rather than a technology player, highlighting structural concerns about the country’s economic trajectory. Thailand is also advancing a 15% global minimum tax on multinationals, aligning with international tax reform frameworks. Nation Thailand

Real Estate and Industry

Thailand’s branded residences market has surpassed THB 205 billion (approximately USD 6.4 billion), representing Asia’s largest share of launched supply. Meanwhile, Bangchak Group has unveiled Thailand’s first commercial sustainable aviation fuel (SAF) production facility, positioning the country as a regional leader in green energy transition. Hospitality Net | Biofuels International

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Environment and Climate

El Niño and Flood Risks

Thailand is bracing for a prolonged El Niño risk, with the Department of Climate Change and Environment stepping up its response. Climate risk maps are being developed, and the Thai Meteorological Department has issued warnings of heavy rain and flooding across multiple regions. Experts warn of a potential Super El Niño that could have severe agricultural and economic consequences. Bangkok Post | Nation Thailand

Mekong River Contamination

A toxic “time bomb” is threatening the Mekong River basin, with arsenic levels reported at nine times the danger level in some areas. The contamination poses serious health risks to the region’s poorest communities, who are disproportionately exposed to the crisis. This environmental emergency is drawing urgent attention from regional governments and international observers. France 24 | The Japan Times


Tourism and Culture

Tourism Strategy and Challenges

Thailand is implementing a high-value, calm tourism strategy for 2026, leveraging AI-driven marketing tools — including an AI influencer named Nong Mali — to rebuild confidence in the Chinese tourist market, targeting 6.7 million arrivals. However, the country faces risks from visa rule changes that could cost up to 8 billion baht in lost Indian wedding tourism revenue. Travel And Tour World | TTG Asia

Vietnam is emerging as a rival hotspot in Southeast Asia, with analysts noting it is actively working to avoid Thailand’s past tourism mistakes. Meanwhile, Thailand’s same-sex romance dramas have gained significant global popularity, with millions of viewers drawn to the genre, further boosting the country’s cultural soft power internationally. Fortune | Bloomberg

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Legal and Regulatory Updates

Clean Air Act and Labor Rules

Thailand’s Draft Clean Air Act has returned to Parliament, with significant implications for environmental regulation and corporate compliance across industries. Additionally, the government has published a list of 10 jobs that foreigners cannot perform even with valid work permits, tightening labor market protections for Thai nationals. Lexology | Nation Thailand

Source : Google News – Search

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Cathie Wood’s ARK sells AMD stock, continues SRTA sell-off

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Cathie Wood’s ARK sells AMD stock, continues SRTA sell-off

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Fox to Buy Roku in $22 Billion Deal

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Alphabet Is Selling 100-Year Debt as Part of a Big Bond Sale

Fox to Buy Roku in $22 Billion Deal

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KGLD: Gold Income With More Risk Than The Yield Suggests (BATS:KGLD)

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Barrick Mining: Meet The New Boss, Not The Same As The Old Boss

This article was written by

I’m an independent equity trader and licensed financial advisor focused on uncovering high-upside opportunities in overlooked sectors especially focusing on small-caps, energy, commodities, and special situations. My investment strategy is based on growth. I look for fundamental momentum (EPS, ROE, revenue), price-volume confirmation, and macro filters. I also use econometric tools and calculations to analyse market direction, cycles and behaviour. I’ve been managing personal capital since 2020 and advising under MiFID II since qualifying with a license. I hold a bachelor’s in Business Administration and Economics and am currently completing a master’s in Finance. My masters thesis topic: Impact of Financial Results Announcements on Stock Returns and Trading Volumes of Micro-Capitalization Gold Mining Companies.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Columbia Thermostat Fund Q1 2026 Commentary (COTZX)

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Columbia Thermostat Fund Q1 2026 Commentary (COTZX)

Columbia Threadneedle Investments is a leading global asset management group that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). For more information please visit columbiathreadneedleus.com.

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Verve Group SE (MGIMF) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Ingo Middelmenne
Head of European Investor Relations

Good morning to everybody in America, and good afternoon to everybody joining us from Europe. Thank you for joining us today, whether you’re here with us in New York City or joining us online. My name is Ingo Middelmenne and as Head of Investor Relations of Verve Group, I would like to cordially welcome you to this year’s Verve Capital Markets Day.

Once again, we have had intense weeks behind us and the whole team and I are really thrilled to finally have you with us. As usual, we have prepared a focused and a hope, very useful program for you. A business update from our management team, a closer look at Verve’s commercial and financial development and a set of expert sessions on some of the topics that are shaping our industry right now.

We will also make sure we leave enough time for your questions, both here in the room and from our audience online. Before we start, and to make our legal department feel a little better. Please enjoy the usual disclaimer on forward-looking statements. Okay. Now I think we all feel a lot safer.

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The Internet is a powerful alternative to the walled gardens, and it lives in your pocket. Your mobile phone, ladies and gentlemen, is probably the most powerful marketing tool in the world. Consumers around the world look at its display 3, 4, sometimes 5 hours

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US stock futures edge higher with Fed rate decision in focus

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Electronic Arts CEO Andrew Wilson sells $1.02m in company stock

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Rivian lays off hundreds in service division as it restructures teams

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Rivian lays off hundreds in service division as it restructures teams

Elective vehicle-maker Rivian is laying off hundreds of workers in its service and customer organization.

A company spokesperson told FOX Business that the job cuts represent less than 2% of Rivian’s workforce, which totaled about 15,200 employees at the end of 2025. Workers affected by the layoffs may apply for other open roles at the company.

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“We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the spokesperson said.

AUTOMAKER GEARS UP FOR SELF-DRIVING FUTURE WITH NEW CHIP

A Rivian R2 undergoing inspection on the assembly line

Rivian began releasing R2 SUVs last week, which are a key part of its product roadmap. (Scott Olson/Getty Images)

The job cuts took effect on Tuesday and affected Rivian’s service and customer division, which is responsible for sales and marketing duties, as the company looks to restructure its teams to grow efficiently while rolling out a new model.

The Wall Street Journal first reported the layoffs.

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Rivian recently conducted multiple rounds of layoffs in the last year while it prepared for the launch of the R2 SUV, which factors heavily into the EV-maker’s roadmap for future products.

RIVIAN CEO DISCUSSES TARIFFS, SAYS EV MAKER HAS ‘VERY US-CENTRIC SUPPLY CHAIN’

Ticker Security Last Change Change %
RIVN RIVIAN AUTOMOTIVE INC. 15.93 -0.75 -4.50%

It cut over 600 jobs, or 4.5% of its workforce, in October amid softer demand for its vehicles following the expiration of EV tax credits in October.

The R2 officially debuted last week with a variant that had a larger number of optional add-ons for a starting price around $58,000 – while the automaker is planning to release more affordable versions in the future.

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RIVIAN TO LAY OFF 10% OF SALARIED STAFF

Rivian facility

Rivian also conducted layoffs last year following the expiration of EV tax credits. (Reuters/Kevin Krolicki/File Photo)

The company is hoping that the lower-cost model will broaden demand and strengthen its sales outlook as it strives for profitability.

Rivian has said that it no longer expects to meet its 2027 adjusted core profit target as it ramps up spending on research and development to accelerate its autonomous driving roadmap.

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Reuters contributed to this report.

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Renishaw plc (RNSHF) Analyst/Investor Day Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Renishaw plc (RNSHF) Analyst/Investor Day June 16, 2026 5:15 AM EDT

Company Participants

William Lee – CEO & Director
John Shipsey – CFO & Executive Director
Louise Callanan
Matt Parkes
Chris Pockett – Head of Communications
Marc Saunders – Director of Group Strategic Development

Conference Call Participants

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Harry Philips – Peel Hunt LLP, Research Division
Michael Crawford
David Richard Farrell – Jefferies LLC, Research Division
Jamie Murray – BofA Securities, Research Division
Jonathan Hurn – Barclays Bank PLC, Research Division

Conversation

William Lee
CEO & Director

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So good morning, everyone, and welcome to Renishaw Capital Markets Day. First of all, welcome to John, our new CFO.

John Shipsey
CFO & Executive Director

Thank you very much, Will. Good morning, everybody, and I’d like to add my own warm welcome. Good to see some familiar faces and looking forward to making some new introductions as well through the day. So thank you for coming.

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William Lee
CEO & Director

Thanks, John. Yes, I love to see you all and thankfully, no train issues at this time around. First of all, just a big thank you to UBS for hosting us today and for your support as always. A great time for us to be hosting a Capital Markets Day. It feels like this is a really exciting time for Renishaw. We’ve got a really strong portfolio of core established businesses that are performing really well. We’re seeing a real acceleration in those emerging businesses, so key for our strategy.

And it feels like the decisions that we made a couple of years ago on focusing and direction, they are really starting to pay dividends. And you’ll hear firsthand on our AM story in a bit more detail later on today. We’ve got a really exciting innovation. Innovation is really part of us. And you’ll see there’s a strong portfolio coming through there, both on the

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DoorDash Down Now? App Suffers Major Outage as App Crashes and Ordering Halts Nationwide

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Raptor 3 Engine Breakthrough: SpaceX's Most Advanced Rocket Engine as

DoorDash experienced widespread service disruptions Tuesday, with thousands of users reporting app crashes, login failures and inability to place orders, while delivery drivers also faced problems accessing the platform, causing significant inconvenience during peak meal times.

The outage began around 9:43 a.m. ET and quickly drew more than 10,000 reports on Downdetector, indicating a broad impact across the United States. Users attempting to log in or browse restaurants encountered error messages, including DNS-related issues, preventing normal functionality of the popular food delivery service.

DoorDash has not yet issued an official statement on the cause or expected resolution time, but the problems appear to affect both customer-facing apps and driver tools. The timing during lunch hours amplified frustration for customers expecting deliveries and drivers relying on the platform for income.

Scope of the Disruptions

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Reports indicate issues with authentication systems, preventing users from signing in or completing orders. Some customers who had already placed orders reported that drivers were unable to accept or fulfill them, leading to cancellations and refunds. The outage seems to be nationwide, affecting major cities and suburban areas alike.

Delivery drivers have taken to social media to share screenshots of error messages and lost earnings opportunities. The dual impact on customers and workers highlights the platform’s central role in the gig economy and daily meal routines for millions of Americans.

Technical experts suggest the problems may stem from backend server issues or authentication failures, as evidenced by DNS error messages reported by users attempting to access the service through browsers. DoorDash’s app and website have shown inconsistent loading, with some features partially functional while core ordering capabilities remain unavailable.

Customer and Driver Frustration

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Social media platforms filled with complaints from users unable to place lunch orders or track existing deliveries. Many expressed reliance on the service for work-from-home meals or family dinners, with the outage disrupting daily routines. Delivery workers reported being logged out or unable to see available orders, resulting in lost income during what is typically a busy period.

DoorDash’s customer support channels have been overwhelmed, with long wait times reported for chat and phone assistance. The company’s status page has not provided detailed updates, leaving users to rely on community reports and third-party outage trackers for information.

Company Background and Previous Issues

DoorDash, one of the largest food delivery platforms in the United States, has grown rapidly since its founding, serving millions of customers and partnering with thousands of restaurants. The company has faced occasional outages in the past, often attributed to high traffic or technical glitches during peak hours.

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This latest disruption comes as the company continues to expand its services, including grocery delivery and convenience partnerships. Reliability has become increasingly important as consumers depend on the platform for everyday needs, particularly in urban areas with limited cooking time or mobility.

Previous outages have typically been resolved within a few hours, but the current incident’s impact on both customers and drivers has drawn heightened attention. The company is expected to provide compensation or credits to affected users once service is restored, following its standard policy for major disruptions.

Broader Implications for Gig Economy Platforms

The outage highlights vulnerabilities in gig economy platforms that millions rely on for income and convenience. When services like DoorDash experience downtime, it affects not only immediate transactions but also the livelihood of independent contractors who depend on consistent access to work opportunities.

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Industry analysts note that as food delivery becomes more integrated into daily life, expectations for uptime and reliability have risen. Companies invest heavily in redundant systems and monitoring, but complex backend architectures can still fail under certain conditions.

Competitors such as Uber Eats and Grubhub may see temporary increased demand during DoorDash’s outage, though most users tend to return to their preferred platform once service resumes. The incident serves as a reminder of the importance of backup options for both customers and workers in the on-demand economy.

Troubleshooting Advice for Users

While waiting for official resolution, users can try basic troubleshooting steps such as restarting the app, clearing cache, or switching between Wi-Fi and mobile data. Checking Downdetector or social media for real-time updates can help gauge the outage’s scope and expected fix time.

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Drivers are advised to log out and back in periodically or use alternative apps if available in their area. For customers with existing orders, contacting restaurants directly or monitoring app notifications for updates is recommended.

Once service is restored, DoorDash typically issues apologies and promotional credits to affected accounts. Users who experienced significant inconvenience are encouraged to reach out to support for potential compensation.

Company Response and Future Prevention

DoorDash has a dedicated engineering team focused on infrastructure reliability and rapid incident response. The company regularly conducts stress testing and maintains backup systems to minimize downtime. This latest outage may prompt a review of authentication and load-balancing systems to prevent similar issues in the future.

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As the platform continues to grow, investing in more robust technical infrastructure becomes increasingly critical. Public transparency during outages, including estimated resolution times, can help maintain user trust during disruptions.

The current incident, while disruptive, appears to be technical in nature rather than a security breach or larger systemic failure. Users are encouraged to remain patient as DoorDash works to restore full functionality.

Looking Ahead

As the outage continues, both customers and drivers are adapting to alternative solutions. Many have turned to competing services or prepared meals at home, while drivers seek other gig opportunities during the downtime.

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DoorDash is expected to provide a post-incident update once service is fully restored, including any root cause analysis and preventive measures. The company’s response will be closely watched by users and industry observers concerned about reliability in the on-demand economy.

For now, the focus remains on restoring normal operations as quickly as possible. The incident serves as a reminder of how dependent many have become on digital delivery platforms and the importance of redundancy in critical services.

DoorDash users are advised to check official channels for updates and prepare for potential delays in service restoration. The company’s track record suggests issues of this nature are typically resolved within hours, though the exact timeline remains uncertain.

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