Eastern Briefing July 28
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Good Morning!
 
Economic indicators for the first half of the year are in and it seems that economic recovery is still progressing slowly. Once economies around Asia are more used to the situation in Europe and the Trump administrations, things may be more stable.
 
 
   
Cod Satrusayang
ANN Managing Director
 
 
  Taiwanese tech giant announces new US plant  
 
     
 
  U.S. President Donald Trump and Hon Hai chief Terry Gou announced Wednesday that the Taiwanese tech giant would build a massive new display plant in Wisconsin. The total investment is worth US$10 billion over four years with the plant scheduled to be open in 2020.

Initially employing 3,000 people, the plant is estimated to ultimately create as many as 13,000 jobs. Up to 150 supply firms supporting the plant will set up shop in the same area. It's estimated the facility will create 22,000 more indirect jobs and another 10,000 construction jobs. According to Wisconsin Governor Scott Walker, the average salaries of the 13,000 factory jobs will be US$53,000 a year, plus benefits
 
 
 
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China a major UK auto trading partner in 2017
 
   
 
China was the UK auto industry's third biggest trading partner in the first half of this year, according to figures released by the Society of Motor Manufacturers and Traders.

Almost 48,000 Chinese buyers chose one of the UK's premium and luxury cars during the six-month period, accounting for 7.0 percent of all UK auto exports, the SMMT said Thursday. But sales in China fell 6.4 percent overall as the automotive sector adjusted to changes in regulation governing new car imports and British firms based some production in China.
 
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Former Thai premier assets seized by junta
 
   
 
Houses, condominiums and 37 land plots belonging to former premier Yingluck Shinawatra have been frozen by the Department of Legal Execution as part of the government’s civil liability lawsuit seeking Bt35-billion compensation over her alleged wrongdoing in her government’s rice-pledging scheme. The combined value of the properties has not been disclosed, according to Deputy Prime Minister Wissanu Krea-ngam.

However, Yingluck reported in 2015 after leaving public office that she had total assets worth Bt610.8 million.
 
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Panamagate corruption verdict due Friday
 
   
 
The Pakistan Supreme Court will announce its decision on the Panamagate case around 11:30am on Friday, a decision that will have massive political implications.
 
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Moon's Korea economic plan questioned
 
   
 
An op-ed in the Korea Herald questions Moon Jae-in's economic policy.
 
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Founded in 1999 with seven members, ANN now comprises 22 leading media, mostly leading national English-language daily, from South, Southeast and Northeast Asia. ANN’s main activities are daily exchanges of news, photos and a host of other collaborations.
 
 
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