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BUSINESS

FPO: January results mixed

Business, Wichit Chantanusornsiri and Somruedi Banchongduang, Published on 28/02/2020

» Thai economic data were mixed in January, with growth in private consumption and exports but tepid investment, while the impact of the coronavirus outbreak could be seen starting late last month, says a senior official at the Fiscal Policy Office (FPO).

BUSINESS

SCB waits on new Myanmar licence

Business, Somruedi Banchongduang, Published on 28/02/2020

» Siam Commercial Bank plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official.

BUSINESS

Profit margin ceiling for hospitals in the pipeline

Business, Phusadee Arunmas, Published on 28/02/2020

» The government has pitched the idea of imposing a ceiling on profit margin for medical services at private hospitals as part of efforts to prevent overcharging.

BUSINESS

What Makes a $60,000 Watch So Expensive?

Business, Jacob Gallagher, Published on 28/02/2020

» Most luxury wristwatches are similar in size; they (should) all tell the time. Yet their costs vary as widely as the prices of contemporary art. A stainless steel Rolex Submariner will set you back $7,900, but a pink gold Roger Dubuis Excalibur rings in at $76,000. Aside from the material differences, what factors determine such watches' retail value?

BUSINESS

BoT warns of GDP growth below 1%

Business, Somruedi Banchongduang, Published on 29/02/2020

» The Bank of Thailand says the economy is likely to expand by less than 1% in 2020 if the coronavirus outbreak lasts throughout the year, says a central bank senior official.

BUSINESS

AWC anticipates slower growth

Business, Kanana Katharangsiporn, Published on 29/02/2020

» SET-listed Asset World Corp Plc (AWC) anticipates lower-than-expected growth this year as the coronavirus outbreak dents the tourism sector.

BUSINESS

Banpu considering US LNG production

Business, Yuthana Praiwan, Published on 29/02/2020

» Banpu Plc will study the feasibility of liquefied natural gas (LNG) production in the US with exports to other markets.

BUSINESS

Don't catch the falling knife

Business, Piyasak Manason, Published on 29/02/2020

» The steep declines this week in equity prices and bond yields, both domestic and international, reflect fears that coronavirus cases outside China will mark the start of a wider outbreak that will deal a blow to the global and Thai economy, resulting in a downgrade of the SET.

BUSINESS

Drought and disease menace job prospects

Business, Chatrudee Theparat, Published on 29/02/2020

» Thailand's employment is projected to face numerous risks this year, with widespread drought, poor exports, the delay of the fiscal 2020 budget and the highly contagious coronavirus weighing on jobs.

BUSINESS

Worst week in years as virus fear grips investors

Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 29/02/2020

» Recap: Stock markets plunged further yesterday, with equities on course for the largest weekly drop since the global financial crisis more than a decade ago, amid fears that the coronavirus could devastate the world economy.