Thai Times

Covering the Thai Renaissance
Thursday, Aug 21, 2025

Karmart Plc Eyes U.S. Market Amidst Global Expansion; Key Updates on Chiang Mai Tourism, Financial Crimes, Buffett's Philanthropy, Chinese Corruption, and Hong Kong LGBTQ+ Rights

Karmart Plc targets U.S. market growth amidst global expansion, while Hong Kong's top court advances LGBTQ+ rights with housing and inheritance access for same-sex couples.
Karmart Plc, the Thai cosmetics giant, is ambitiously setting its sights on the U.S. market as part of its global expansion strategy. With plans to grow exports significantly through U.S. partners over the next five years, Karmart aims to introduce new products tailored for this market.

Meanwhile, over in Thailand’s north, Chiang Mai's tourism sector is gearing up for a busy December, anticipating nearly 80% hotel occupancy rates, thanks in part to increased flight options and unique attractions like Ava, the now-iconic golden tiger at the Chiang Mai Night Safari.

Now, shifting our focus to financial matters, the connection between the U.S. and Hong Kong is under the microscope as concerns rise over possible misuse of financial systems. With Hong Kong's significant exports to Russia in 2023, questions about its role in financial crimes and geopolitical tensions are intensifying.

In other news, legendary investor Warren Buffett has announced a thoughtful plan for his $150 billion fortune, ensuring it aids philanthropic causes posthumously. Buffett's strategy includes a governance framework where his children must agree on all charitable endeavors, maintaining his legacy’s integrity while setting a philanthropic precedent for others.

Over in China, the former Bank of China chairman Liu Liange has been handed a suspended death penalty in a dramatic anti-corruption move. Convicted of accepting nearly $17 million in bribes, Liu's sentence underscores Beijing's determination to combat corruption, albeit amidst questions of political motivations.

Finally, in a historic development for LGBTQ+ rights, Hong Kong's top court has granted same-sex couples access to housing and inheritance rights. This landmark ruling, marking a significant step forward in equality, has ended a prolonged legal battle and signifies progress in the rights afforded to same-sex couples in Hong Kong.
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