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Search Result for “$8 billion”

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INVESTMENT

Wall Street bounce helps lift Asian shares

Business, Published on 10/08/2024

» RECAP: Asian shares were poised to end a tough week on an upbeat note after Wall Street bounced overnight and data showed China taking a step away from deflation, while Japanese stocks managed to sustain an early rally.

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GENERAL

Ailing EA lands cluster of three-year loans worth B8bn

Business, Nareerat Wiriyapong, Published on 10/08/2024

» Thirteen financial institutions and funds have agreed to provide three-year loans worth 8 billion baht to Energy Absolute Plc (EA) to ease the short-term liquidity crunch faced by the embattled renewable energy firm.

THAILAND

Budget slashed by B500m

News, Wassana Nanuam, Published on 10/08/2024

» The armed forces' budget for the next fiscal year has been reduced by more than 500 million baht by the parliamentary committee responsible for vetting the budget expenditure bill.

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INVESTMENT

Strong big-cap results help SET in turbulent July

Business, Published on 10/08/2024

» The Stock Exchange of Thailand underwent a significant mood swing in July, trading between 1,286.79 and 1,332.76 points. Early in the month, market uncertainty ratcheted higher as the share price of troubled Energy Absolute (EA) plunged.

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THAILAND

Discover a New Harmony at Paradise Park

Published on 09/08/2024

» After announcing an investment of over 1 billion THB for a major renovation to provide a new experience for customers in eastern Bangkok and surrounding areas, Paradise Park, a shopping centre under the MBK Group, has officially celebrated its grand new look. The centre has adopted a new strategy and concept of LIVING in HARMONY, focusing on a mindful life, good eating, well-being, and health. It has partnered with leading health organisations to create a holistic health and wellness landmark. Additionally, new magnets such as leading stores and popular restaurants continue to open, and the centre is packed with interesting activities every month. It is believed that these offerings will bring joy and meet all lifestyle needs. 

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THAILAND

G Steel to invest 3 billion baht to upgrade production capability

Published on 09/08/2024

» G Steel Public Company Limited (G Steel) has made a decision to invest in capital project for a total of 3 billion baht over the next 3 years, to upgrade its production facility for improving its quality capabilities, cost competitiveness and revamp outdated facilities.

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GENERAL

Thai Union Group's Q2 profits rise 14.2%

Business, Published on 09/08/2024

» Thai Union Group Plc posted a net profit of 1.2 billon baht in the second quarter this year, rising 14.2% year-on-year.

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PROPERTY

Condo launches set to fall below projections

Business, Kanana Katharangsiporn, Published on 09/08/2024

» New condo launches in Greater Bangkok this year are expected to fall short of projections, primarily attributed to weak demand amid an economic slowdown, according to consultant Colliers Thailand.

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THAILAND

Thai Union's Q2 Profit Surges 14.2% to THB 1.2 Billion

Published on 08/08/2024

» Thai Union Group PCL reported a second-quarter net profit of THB 1.2 billion, a 14.2 percent year-on-year increase led by a sustained recovery in the Ambient, PetCare, and Value-added categories. 

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GENERAL

Call for new tariffs on Chinese goods

Business, Lamonphet Apisitniran, Published on 08/08/2024

» The influx of Chinese industrial products into Southeast Asia is dealing a blow to Thailand's trade, reducing its market share in the region and leading to a trade deficit with China worth nearly US$20 billion, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).