1) Biden to allow zero-tariff on solar panels from Thailand and other SEA countries
The U.S. President Joe Biden will issue a proclamation that will allow solar panels from Thailand, Malaysia, Cambodia and Vietnam to be imported to the U.S. without duty for a 24-month period.
According to Maybank Securities (Thailand) (MST), there will be no direct benefit to SET-listed companies as most of the factories in Thailand are Chinese factories that exports to other countries. However, MST expected industrial estates where these Chinese factories are located such as AMATA to benefit indirectly as well as exporters such as WICE.
2) Boris Johnson narrowly dodges the vote of confidence
The UK Prime Minister Boris Johnson narrowly dodged the vote of confidence on Monday as some 211 Conservative Party lawmakers voted in his favor, while 148 voted against him.
The vote of confidence came amid increasing dissatisfaction in Johnson’s leadership. The report from senior civil servant Sue Gray stated that many of the gatherings held at Downing Street and Whitehall during Covid-19 lockdowns over the last two years should not have been allowed to happen.
3) Elon Musk may end Twitter deal without data provided on fake accounts
Tesla CEO Elon Musk threatened to end the Twitter deal without information on fake accounts.
Twitter was “actively resisting and thwarting” Mr. Musk’s rights while he was completing a $44 billion deal to buy the social media service, Musk’s lawyers wrote in a letter to Twitter saying that the social media platform refused Musk’s data requests to disclose the number of fake accounts on its platform.
The letter was also filed to the Securities and Exchange Commission as well.