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GENERAL

Thai Union to book B18.5bn charge for exiting Red Lobster

Bloomberg News, Published on 17/01/2024

» Thai Union Group Plc, one of the world's biggest makers of canned tuna, will take a one-time charge of US$530 million (18.5 billion baht) as it plans to exit the unprofitable US restaurant chain Red Lobster.

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LIFE

Bangkok's fine dining lures tourists

Bloomberg News, Published on 29/09/2023

» When chef Thitid "Ton" Tassanakajohn first opened his Thai fine dining establishment Le Du in Bangkok in 2013, his four-course set menu was 990 baht (US$28 today). It was a steal compared to fine dining establishments worldwide, but a fortune in a city where Thai cuisine had for decades been characterised as street food.

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BUSINESS

Cannabis market seen growing to B43bn by 2025

Bloomberg News, Published on 21/07/2022

» The combined market for marijuana and hemp in Thailand will expand by about 15% annually through 2025, when it 9is likely to reach 43 billion baht, creating opportunities for growers and small businesses, according to the University of Thai Chamber of Commerce.

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BUSINESS

Thailand mulls easing Covid test rules for overseas visitors

Bloomberg News, Published on 07/04/2022

» Thailand will consider scrapping a mandatory real-time polymerase chain reaction (RT-PCR) test on arrival for foreign visitors as the country further relaxes its visa rules to attract tourists.

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WORLD

First rule of ‘Fight Club’: in China, the police always win

Bloomberg News, Published on 25/01/2022

» David Fincher’s 1999 “Fight Club” is at the centre of a social media firestorm in China after a new version of it replaced the original ending with a terse message saying all criminals were apprehended and the authorities triumphed.

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BUSINESS

Richest families in SE Asia look for the next unicorn

Bloomberg News, Published on 18/10/2021

» Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing.

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WORLD

Websites crash in rush for travel bookings as Singapore opens up

Bloomberg News, Published on 11/10/2021

» Singapore Airlines Ltd’s website was temporarily down over the weekend and travel agencies are seeing a surge in demand for flights after the city’s government announced a plan to start quarantine-free travel with more countries as early as next week.

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WORLD

China neighbours worry Australia sub deal will destabilise region

Bloomberg News, Published on 20/09/2021

» France isn’t the only country upset about a new security pact between the US, UK and Australia: Some Southeast Asian nations are also worried the partnership could provoke China and spur a regional arms race.

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WORLD

Jeff Bezos blast off on rocket in flight to space

Bloomberg News, Published on 20/07/2021

» Amazon.com Inc founder Jeff Bezos and three others landed after Blue Origin’s first flight to space with passengers aboard, a key milestone in the company’s effort to make space tourism viable.

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BUSINESS

Indonesia’s Traveloka plans US listing via SPAC in 2021

Bloomberg News, Published on 16/02/2021

» Traveloka, Southeast Asia’s biggest online travel startup, is planning to list in the US this year to raise funds using a special purpose acquisition company, known as SPAC, according to Chief Executive Offer Ferry Unardi.