Showing 1 - 10 of 109
Regulator files fraud charges against Stark
Bloomberg News, Published on 06/07/2023
» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.
Debt-stricken Stark seeks way to avoid delisting
Bloomberg News, Published on 29/06/2023
» Stark Corporation Public Company Limited, the Thai industrial cable maker at the centre of an accounting scandal and debt default that rattled financial markets, plans to restructure its debt to stave off a forced delisting.
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.
SET to overhaul listing rules as stocks whacked by scandals
Bloomberg News, Published on 22/06/2023
» The Stock Exchange of Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the SET Index on course for its lowest close in more than two years.
Rice glut will be put to test with El Niño’s return
Bloomberg News, Published on 15/06/2023
» The world is awash in rice with global stockpiles at close to record levels. El Niño’s arrival will put those reserves to the test.
Coalition talks spook markets amid split over LM
Bloomberg News, Published on 19/05/2023
» Thailand’s pro-democracy parties faced built-in obstacles to forming a government even before a historic win in Sunday’s general election. Now that resistance is starting to take shape, making investors wary of a protracted political uncertainty.
Tourism to limit economic pain as new government awaited
Bloomberg News, Published on 18/05/2023
» Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy.
Earnings surge for main Thai airlines as tourists flock back
Bloomberg News, Published on 14/05/2023
» Thai Airways International (THAI) Public Company Limited and Bangkok Airways Public Company Limited reported a surge in first-quarter earnings as tourists flocked back to Thailand.
Thai condom exports gain in year China sees population decline
Bloomberg News, Published on 28/04/2023
» Thailand consolidated its position as the top global condom exporter in 2022, a year when its biggest buyer China coincidentally reported its first drop in population in six decades.
Srettha quits CEO job amid PM speculation
Bloomberg News, Published on 04/04/2023
» Property tycoon Srettha Thavisin quit as the chief executive and president of Sansiri Pcl amid speculation that he will officially be named a prime ministerial candidate of the opposition Pheu Thai Party.