Showing 1 - 10 of 84
A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
Asia’s gamblers cheer wave of legalisation
Bloomberg News, Published on 14/06/2023
» MACAU: In a sea change for the traditionally conservative region, some of the biggest tourism spots in Asia and the Middle East are moving toward building or allowing their first casinos, raising competitive pressure on existing hubs like Macau.
Two casino giants exploring Thailand
Bloomberg News, Published on 02/06/2023
» Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as the industry looks to hedge against a deteriorating outlook in Macau.
Tycoon’s property unit to boost spending on tourism boom
Bloomberg News, Published on 16/05/2023
» The property and hotel development unit of Thailand’s richest man plans to more than double spending for acquisitions and development of hotel resorts and commercial properties this year as tourism booms.
KBank halts plans to sell asset management stake
Bloomberg News, Published on 12/05/2023
» Kasikornbank (KBank) Public Company Limited, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according to people familiar with the matter.
Canned-tuna giant Thai Union may exit Red Lobster chain
Bloomberg News, Published on 10/03/2023
» Thai Union Group Public Company Limited, one of the world’s biggest makers of canned tuna, is considering an exit from its loss-making Red Lobster unit less than three years after boosting its stake in the United States restaurant chain.
Megaprojects, tourism to propel growth, Arkhom says
Bloomberg News, Published on 28/02/2023
» A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.
Prawns out, chickens in to cut airline meal costs
Bloomberg News, Published on 16/02/2023
» SINGAPORE: One of the world’s biggest airline caterers is swapping prawns for chicken on menus more regularly to help save costs as the aviation industry emerges from the Covid-19 pandemic.
Southeast Asia food delivery market slows in risk to Grab, GoTo
Bloomberg News, Published on 18/01/2023
» SINGAPORE: Southeast Asia’s food delivery spending grew at the slowest pace in at least four years in 2022, highlighting the challenges faced by regional internet giants Grab Holdings Ltd and GoTo Group.
Hotel tycoon Bill Heinecke wants to charge tourists more to fund recovery
Bloomberg News, Published on 08/11/2022
» Bill Heinecke, the Thai-American chairman of Minor International Pcl that runs more than 500 hotels worldwide, wants Thailand to allow hotels to charge international tourists a surcharge of 300 baht (US$8) per room night to fund the industry’s post-Covid-19 pandemic recovery.