Bank of Thailand: Inflation is expected to rise in the future.

Bank of Thailand: Exports are expected to increase in the second half of the year, but may remain flat in 2023.

Bank of Thailand: The inflation rate in the past two months has been lower than expected.

The Bank of Thailand still expects 29 million foreign tourists to visit in 2023.

Bank of Thailand: The economic recovery in the second half of the year will be better than that in the first half.

Bank of Thailand: The economic recovery trend is still intact.

National Hurricane Center: Tropical Storm Calvin is approaching the Big Island of Hawaii.

Pinduoduo’s cross-border e-commerce provider Temu: Temu had to take legal measures to defend itself and its merchants’ rights due to “continuously escalating attacks” from Shein.

Pinduoduo cross-border e-commerce Temu: Since the establishment of Temu in 2022, we have been the target of Shein’s “illegal exclusion strategy”.

[Softbank Vision Fund restarts investment] SoftBank Group (SBG) will start investing in new projects again. Through its Vision Fund (SVF), it has invested in British companies in the field of insurance technology (InsurTech) that integrates insurance and digital technology. The capital contribution, including existing shareholders, is $65 million. This is the first time that SoftBank Group has announced new investment projects since entering 2023. Tractable, a British insurance technology company, implemented financing in mid-July with the Vision Fund as the main transferee, and two existing shareholders including the American venture capital firm Insight Partners also participated in the investment. The Vision Fund does not seem to have more than half of the funding. (Nikkei Chinese)

Canadian cryptocurrency company Bitcoin Well has announced a $2.5 million non-brokered private placement financing.

Ukrainian military administration: Air defense system activated to repel Russian attack on Kiev region.

Australia said U.S. Secretary of State Antony Blinken will be in Brisbane next week for an Australia-U.S. ministerial meeting.

Japan will sell an additional 500 billion yen of bonds today.

According to Ukrainian Pravda: The Minister of Defense of Lithuania announced the establishment of a mine-sweeping alliance to help Ukraine. Member states can arrange instructors to train Ukrainian bomb disposal experts or provide some mine-sweeping equipment. In addition, launchers for the NASAMS air defense system purchased by Lithuania at its own expense for Ukraine will arrive this autumn.

According to Ukrainian Pravda: Ukrainian Defense Minister Reznikov proposed to allow the deployment of foreign military bases in Ukraine and to amend the Ukrainian Constitution to meet this need.

El Salvador Ministry of Environment: After the earthquake, there is no threat of a tsunami.

German Geoscience Research Center GFZ: A 6.6-magnitude earthquake hit the coast of Central America.

Witnesses said the quake was felt in the El Salvador capital, San Salvador, according to Reuters.