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LIFE

IT spending projected to shrink in 2020 from pandemic

Business, Suchit Leesa-nguansuk, Published on 19/03/2020

» Thailand's IT spending will be subdued this year, with meagre or flat growth as the best case scenario because the coronavirus outbreak is taking a heavy toll on the segment, according to tech pundits.

BUSINESS

BoT demands all banks provide 7 key services

Business, Somruedi Banchongduang and Wichit Chantanusornsiri, Published on 19/03/2020

» The Bank of Thailand has demanded all financial institutions continue providing seven financial services, including deposits, money withdrawals, fund transfers, payments, cash management and settlement systems, in an effort to avoid potential coronavirus-related disruption.

BUSINESS

Operators outraged over no access to financial aid

Business, Dusida Worrachaddejchai, Published on 20/03/2020

» Tourism operators are crying foul over not receiving financial aid despite a green light from the Bank of Thailand, saying at least 5,000 firms have exited the industry or suspended their operations.

BUSINESS

TISI drops to lowest level in 21 months

Business, Lamonphet Apisitniran, Published on 20/03/2020

» The Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI).

LIFE

Scissor-switch keyboards return in new MacBook Air

Business, Bloomberg and Reuters, Published on 20/03/2020

» Apple Inc launched an updated version of its MacBook Air on Wednesday, modifying keyboards on its laptop line that have faced criticism for typing-related problems.

BUSINESS

Policies for Covid-19 face suspension

Business, Darana Chudasri, Published on 20/03/2020

» Several insurance companies are poised to suspend sales of Covid-19 insurance products with a lump-sum payout as policy sales approach their threshold of 500,000-750,000.

BUSINESS

FWD sells TMB Bank contract

Business, Somruedi Banchongduang, Published on 20/03/2020

» FWD Group has struck a deal to sell its bancassurance partnership contract with TMB Bank to Prudential Life Assurance Thailand in a deal worth 20 billion baht, according to the Hong Kong-based insurer.

BUSINESS

Lufthansa: Industry may not survive without state aid

Business, AFP, Published on 20/03/2020

» FRANKFURT: The chief executive officer of German airline giant Lufthansa warned yesterday that governments might need to save the industry from the coronavirus crisis, as "drastic cutbacks in flight operations" have grounded over 90% of its planes.

BUSINESS

Playboy Magazine Shuts Down Print Edition, Citing Coronavirus

Business, Lukas I. Alpert, Published on 20/03/2020

» Playboy magazine, the once pace-setting journal that chronicled the sexual revolution through a mix of high-gloss nude photographs and top-rate fiction and journalism, will end its print run in the U.S. after nearly seven decades on the newsstand, Playboy Enterprises Inc. said Wednesday.

BUSINESS

Swiss watch industry braces for slump

Business, Bloomberg, Published on 20/03/2020

» ZURICH: The Swiss watch industry has survived lickings before, but Rolex, Omega and Cartier now face a combination of economic punches that are putting them back on their heels.