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Output ticks up for automobiles
Output ticks up for automobiles

Bangkok Post

time9 hours ago

  • Automotive
  • Bangkok Post

Output ticks up for automobiles

Thailand's Manufacturing Production Index (MPI) increased by 0.58% year-on-year to 97.35 points in June, driven by the recovery of the car market, an increase in exports and state stimulus measures, says the Office of Industrial Economics (OIE). However, the MPI fell by 3.47% from May when it was 100.79 points. Car bookings at the 12-day Bangkok International Motor Show, which ended in early April, prompted car manufacturers to increase production to deliver cars to customers, contributing to the higher May MPI. Passakorn Chairat, director-general of the OIE, is upbeat about the MPI in June. "The increase in MPI reflected a positive sign for the manufacturing sector," he said. In June, car production increased by 17% year-on-year, driven by growing demand for hybrid electric vehicles and battery electric vehicles in the domestic and overseas markets. Mr Passakorn said this is a positive for car manufacturers struggling to deal with sluggish sales, caused mainly by buyers' difficulties in accessing auto loans as banks and car financing companies maintain strict lending criteria given the high level of household debt. According to the Bank of Thailand, household debt continues to decline, falling to 87.4% of GDP in the first quarter of 2025, attributed to weaker loan demand from borrowers and stricter lending standards from financial institutions. Household debt was 88.4% of GDP in the previous quarter. Other industries that contributed to the June MPI include electronic products and palm oil. Electronics and printed circuit board manufacturing increased by 6.18% year-on-year because demand rose for semiconductors and integrated circuits in the US market. Palm oil production gained by 9.84% year-on-year, driven by new purchase orders from China, India and Myanmar. Thailand's capacity utilisation rate was 59.6% in June. Officials continue to monitor the impact of the US's reciprocal tariff, household debt levels and the influx of low-cost imports on the Thai market as these incidents can deal a blow to the manufacturing sector, noted the OIE.

Columbia University in the City of New York: Our Resolution with the Federal Government
Columbia University in the City of New York: Our Resolution with the Federal Government

Business Wire

time24-07-2025

  • Politics
  • Business Wire

Columbia University in the City of New York: Our Resolution with the Federal Government

NEW YORK--(BUSINESS WIRE)--Columbia University has reached an agreement with the United States Government to resolve multiple federal agency investigations into alleged violations of federal anti-discrimination laws. As part of the resolution, Columbia will pay a $200 million settlement over three years to the federal government. In addition, the University has agreed to settle investigations brought by the U.S. Equal Employment Opportunity Commission for $21 million. Importantly, the agreement preserves Columbia's autonomy and authority over faculty hiring, admissions, and academic decision-making. Under today's agreement, a vast majority of the federal grants which were terminated or paused in March 2025—will be reinstated and Columbia's access to billions of dollars in current and future grants will be restored. This includes the reinstatement of the majority of grants previously terminated by the National Institutes of Health and the Department of Health and Human Services, renewal of non-competitive grants, the release of overdue payments on active, non-terminated grants, and Columbia's restored eligibility to apply for new federal research funding in the ordinary course. The portion of funding not restored reflects broader reductions by the government in certain research areas and is not related to the conduct addressed in this agreement. Today's agreement also codifies a set of reforms Columbia announced publicly on , which included enhancements to campus safety, changes to disciplinary processes, and renewed efforts to foster an inclusive and respectful learning environment. While Columbia does not admit to wrongdoing with this resolution agreement, the institution's leaders have recognized, repeatedly, that Jewish students and faculty have experienced painful, unacceptable incidents, and that reform was and is needed. The agreement builds on Columbia's broader commitment to combating antisemitism, reflected most recently in a set of additional institutional actions announced on July 15, 2025, including the incorporation of the IHRA definition of antisemitism into the work of the University's Office of Institutional Equity (OIE), the appointment of Title VI and Title VII coordinators in OIE, and the expansion of university-wide education and training initiatives. The agreement establishes a jointly selected independent monitor who will assess the implementation of the resolution. The University will provide regular reports to the monitor, documenting its adherence to the agreement and its continued compliance with applicable federal laws and regulations pertaining to admissions, hiring, and international students. These provisions reflect Columbia's broader commitment to transparency, institutional accountability, and sustained progress on our commitments. Acting University President Claire Shipman said, 'This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty. The settlement was carefully crafted to protect the values that define us and allow our essential research partnership with the federal government to get back on track. Importantly, it safeguards our independence, a critical condition for academic excellence and scholarly exploration, work that is vital to the public interest.' 'Today's agreement with the federal government affirms Columbia's unyielding commitment to academic freedom, freedom of expression, and open inquiry. It confirms the changes already underway at Columbia to meaningfully address antisemitism on our campus and allows the University to continue to undertake its transformative research and scholarship,' said Board of Trustees Co-Chairs David Greenwald and Jeh Johnson. 'Columbia's longstanding research partnership with the federal government is vital to advancing our nation's progress in key areas of science, technology, and medicine. We are proud of the role we play in advancing this public service and preparing the next generations of students to meet complex challenges around the world.'

Pro-Israel professor Shai Davidai leaves Columbia University after 'mutual agreement'
Pro-Israel professor Shai Davidai leaves Columbia University after 'mutual agreement'

Middle East Eye

time11-07-2025

  • Politics
  • Middle East Eye

Pro-Israel professor Shai Davidai leaves Columbia University after 'mutual agreement'

An assistant professor who was accused of harassing pro-Palestinian students as well as staff at Columbia University has left the institution following a "mutual agreement" he will not return to teaching at the Ivy League school, according to a university official. Shai Davidai, a controversial pro-Israel advocate who taught at Columbia's business school, left the university on 8 July. His campus access had been restricted since October following the 'intimidation' of university employees. 'Assistant Professor of Business Shai Davidai has decided to depart Columbia, effective July 8, 2025,' a Columbia University spokesperson wrote in an email to Middle East Eye, adding: "Assistant Professor Davidai has chosen, by mutual agreement with the University, to not return to teaching at Columbia." 'The University thanks him for his service and wishes him the best in his future endeavors.' Davidai said in a post on X on Friday that he left the university because he did not trust 'the anti-Jewish, anti-Israel, and anti-American hate festering on [Columbia's] campus'. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters 'I didn't leave Columbia to 'pursue other endeavors', he said. 'I left because I no longer trust its so-called leadership to confront the anti-Jewish, anti-Israel, and anti-American hate festering on campus. During my six years there, I met plenty of well-paid bureaucrats - but not once did I meet a true leader.' Davidai has been a vocal critic of Columbia and other universities for their response to pro-Palestinian protest encampments on US campuses against the war in Gaza, while also being accused of threatening behaviour to students and faculty at the institution. Davidai had been under investigation by Columbia's Office of Institutional Equality (OIE) into allegations of harassment made against him in February 2024. Davidai shared in a post on X on Thursday that Columbia had 'tried to smear' his name and that he 'wouldn't let them', sharing a letter from Laura Kirschstein, vice-provost at OIE, saying: 'On July 8, OIE closed its investigations relating to you without issuing any findings or conclusions of wrongdoing, and without imposing any discipline or penalty on you.' A university official said that any OIE investigations normally terminate when an individual "is no longer employed at the University" and consequently the investigation into Davidai had closed 'without issuing any findings or conclusions of wrongdoing'. Katherine Franke, a former law professor who had taught at Columbia University, shared on Instagram on Thursday a video of her showing a letter from OIE sent to students who had made allegations against Davidai, which said that the 'OIE process has been terminated without any determination', meaning that Davidai had not been absolved of wrongdoing, just that a determination wasn't made before he had left. Columbia University has been criticised for capitulating to the Trump administration's demands over its allegations of antisemitism. Access denied In October, Columbia University issued a statement regarding Davidai's access to the institution being restricted, saying, 'Columbia…does not tolerate threats of intimidation, harassment, or other threatening behaviour by its employees'. The university also said it had "temporarily limited his access to campus while he [Davidai] undertakes appropriate training on our policies governing the behavior of our employees". After he was barred, he took to Instagram to criticise the decision, saying that it was 'because of October 7th [2023]. Because I was not afraid to stand up to the hateful mob. And because I was not afraid to expose Mr fucking Cas Holloway'. Holloway is the chief operating officer at Columbia. That video has since been taken down, but Davidai shared many social media posts harassing Holloway. It was the second time the non-tenured Israeli professor had been barred from the campus in a year. He had also been barred on 22 April for around a month for threatening to do a pro-Israeli sit-in on a pro-Palestinian encampment. Harassment Davidai in April 2024 called pro-Palestine students "the Hitler Youth" on X (his post has subsequently been taken down) and used his social media accounts, where he has over 108,000 followers, to repeatedly call for the US National Guard to be brought into the protest encampment at Columbia. More than 13,000 students signed a petition asking for him to be fired because he used his 'personal social media accounts to target, harass, and bully students, including Palestinian students who have lost family members in Gaza'. As well as students accusing him of harassing them both in person and on social media, critics said he also endangered staff, students and faculty. For example, he called on Secretary of State Marco Rubio on a post on X for Columbia graduate and Palestinian activist Mahmoud Khalil to be deported from the US. This happened two days before he was picked up by Immigration and Customs Enforcement agents dressed in plain clothes. Khalil was subsequently freed on 8 March after 104 days at a detention centre in Jena, Louisiana. In another incident, he tagged former faculty member Mohamed Abdou in posts with the FBI and Homeland Security. Abdou subsequently discovered he was "terminated" from a faculty position while watching on CSPAN, Columbia's antisemitism congressional hearing in April 2024. Abdou said his 'doxxing" and 'termination' was "irreparable'.

Manufacturing production index up for 2 months in a row y/y
Manufacturing production index up for 2 months in a row y/y

Bangkok Post

time01-07-2025

  • Business
  • Bangkok Post

Manufacturing production index up for 2 months in a row y/y

The political risk that threatens to undermine the government should become clearer this month, indicative of whether the manufacturing sector will decelerate after the Manufacturing Production Index (MPI) rose by 1.8% year-on-year in May for a second consecutive month to 100.79 points, says the Office of Industrial Economics (OIE). The Constitutional Court is scheduled to convene on Tuesday to consider a petition submitted by the Senate in a bid to oust Prime Minister Paetongtarn Shinawatra over a contentious leaked recording of a phone call with Cambodian Senate president Hun Sen on the Thai-Cambodian territorial dispute. "The political problem has just started. Whether it will escalate or how the government will deal with it to prevent an impact on investment will soon be seen," said Passakorn Chairat, director-general of the OIE. Investment will hardly avoid the impact of growing concern over the government's stability as the premier is losing the trust of the public, Apichit Prasoprat, vice-chairman of the Federation of Thai Industries, said earlier. As of the end of May, the MPI grew steadily, driven by several factors, including car manufacturing, which increased by 12.8% year-on-year, and the value of exports, up by 18.4% cumulatively over an 11-month period. "Car bookings at the Motor Show prompted manufacturers to increase production to deliver cars to customers," said Mr Passakorn. Factories which sell products overseas also increased production to increase exports ahead of US President Donald Trump's reciprocal tariff of 36% on Thai imports, estimated to come into effect around July 8. In May, palm oil production soared by 25% due to more output and purchase orders from India, China and Myanmar. Sugar manufacturing also increased by 21% due to an increase in sugar cane as a result of an uptick in rainfall. Farmers also expanded their plantations because of higher crop prices. Capacity utilitsation stood at 61% in May, up from 56.6% in April. However, local air conditioner production fell by more than 10% year-on-year in May despite strong exports. This was due to a drop in domestic sales amid the rainy season and the import of low-cost air conditioners.

MPI up for two months in a row
MPI up for two months in a row

Bangkok Post

time30-06-2025

  • Business
  • Bangkok Post

MPI up for two months in a row

The political risk that threatens to undermine the government should become clearer this month, indicative of whether the manufacturing sector will decelerate after the Manufacturing Production Index (MPI) rose by 1.8% year-on-year in May for a second consecutive month to 100.79 points, says the Office of Industrial Economics (OIE). The Constitutional Court is scheduled to convene on Tuesday to consider a petition submitted by the Senate in a bid to oust Prime Minister Paetongtarn Shinawatra over a contentious leaked recording of a phone call with Cambodian Senate president Hun Sen on the Thai-Cambodian territorial dispute. "The political problem has just started. Whether it will escalate or how the government will deal with it to prevent an impact on investment will soon be seen," said Passakorn Chairat, director-general of the OIE. Investment will hardly avoid the impact of growing concern over the government's stability as the premier is losing the trust of the public, Apichit Prasoprat, vice-chairman of the Federation of Thai Industries, said earlier. As of the end of May, the MPI grew steadily, driven by several factors, including car manufacturing, which increased by 12.8% year-on-year, and the value of exports, up by 18.4% cumulatively over an 11-month period. "Car bookings at the Motor Show prompted manufacturers to increase production to deliver cars to customers," said Mr Passakorn. Factories which sell products overseas also increased production to increase exports ahead of US President Donald Trump's reciprocal tariff of 36% on Thai imports, estimated to come into effect around July 8. In May, palm oil production soared by 25% due to more output and purchase orders from India, China and Myanmar. Sugar manufacturing also increased by 21% due to an increase in sugar cane as a result of an uptick in rainfall. Farmers also expanded their plantations because of higher crop prices. Capacity utilitsation stood at 61% in May, up from 56.6% in April. However, local air conditioner production fell by more than 10% year-on-year in May despite strong exports. This was due to a drop in domestic sales amid the rainy season and the import of low-cost air conditioners.

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