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BUSINESS

Germany opposes unilateral tariffs on imports

Reuters, Published on 06/02/2017

» BERLIN - Chancellor Angela Merkel said on Monday she was opposed to unilateral steps to impose tariffs on imports, adding that should the new US administration back such protectionist measures Germany would have to decide how to respond.

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BUSINESS

New income tax structure comes into effect

Online Reporters, Published on 06/02/2017

» A revamped personal income tax structure aimed at increasing disposable incomes for taxpayers has officially come into effect since Jan 1 this year, according to the Revenue Department.

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BUSINESS

US Asia Allies may face biggest currency reversal

Bloomberg News, Published on 06/02/2017

» BANGKOK/SINGAPORE - Asia’s top two performing currencies so far this year are unlikely to enjoy prolonged gains, with the new US administration’s increasing turn toward protectionism set to hit the economies of South Korea and Taiwan.

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BUSINESS

SET closes up 6.18 to 1,589.13

Online Reporters, Published on 06/02/2017

» The Stock Exchange of Thailand main index rose 0.39%, or 6.18 points, to 1,589.13 on Monday.

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BUSINESS

Minister defends B421bn drop in treasury reserves

Online Reporters, Published on 06/02/2017

» Finance Minister Apisak Tantivorawong has defended a relatively low level of treasury reserves at the end of December 2016, saying it was the result of effective management by his ministry to minimise interest costs.

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BUSINESS

Hong Kong giving its image a makeover

Asia focus, Anchalee Kongrut, Published on 06/02/2017

» What do travellers usually do when they visit Hong Kong? The answers may vary, but most are not hard to guess. Eating and shopping are high on most lists, especially for visitors from other Asian countries.

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BUSINESS

SET rises 6.72 to 1,589.67 at midday

Online Reporters, Published on 06/02/2017

» The Stock Exchange of Thailand main index went up 6.72 points or 0.42% to close at 1,589.67 points at the end of trading session this morning. The trade value was 27.6 billion baht, with 5.07 billion shares traded.

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BUSINESS

Single screens, multiple pains

Asia focus, Narendra Kaushik, Published on 06/02/2017

» A few decades ago, the family of Mukund Sanghi, a film producer based in Udaipur, owned 20 cinemas in Rajasthan and Madhya Pradesh states. Over the years 19 of them have closed for various reasons. The only one remaining, the Ashoka in Udaipur, is now run by Fun Cinemas, a brand owned by the international exhibitor Cinépolis.

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BUSINESS

Yangon gets moving

Asia focus, Larry Jagan, Published on 06/02/2017

» The residents of Myanmar's main commercial city are slowly adjusting to the new transport system, introduced nearly a month ago by the region's chief minister.

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BUSINESS

SET up 3.37 points at opening

Online Reporters, Published on 06/02/2017

» Thai stocks opened up 0.21% at the start of trade this morning.