Showing 1 - 10 of 22
Singapore Air staff score almost eight months’ salary as bonus
Bloomberg News, Published on 16/05/2024
» SINGAPORE - Singapore Airlines Ltd will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.
Central bank rate decision puts spat with PM in spotlight
Bloomberg News, Published on 09/04/2024
» As the Bank of Thailand (BoT) prepares to review monetary policy settings on Wednesday, investors will be watching for any sign that Prime Minister Srettha Thavisin’s relentless campaign for rate cuts is influencing the central bank.
Srettha weighs funding options for digital handout
Bloomberg News, Published on 27/03/2024
» Prime Minister Srettha Thavisin said on Wednesday the economy had problems and needed a boost from a signature handout scheme worth 500 billion baht (US$13.7 billion), for which he was weighing options for funding.
Cash gifts, free milk raise risks to Thailand, Indonesia ratings
Bloomberg News, Published on 27/02/2024
» JAKARTA/BANGKOK - Southeast Asia’s new leaders risk blowing past budget constraints to make good on costly campaign promises of cash handouts and free lunches, increasing the risks to their prized investment-grade ratings.
Move Forward slams Srettha for public feud with central bank
Bloomberg News, Published on 23/02/2024
» The public sparring between Prime Minister Srettha Thavisin and Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on monetary policy risks undermining the institution's independence and poses a threat to credit ratings, according to the opposition Move Forward Party (MFP).
Central bank 'open' to easing if economic weakness drags
Bloomberg News, Published on 09/02/2024
» A top Thai monetary policymaker said the Bank of Thailand (BoT) is willing to lower borrowing costs if it is convinced that the weakness in the economy is persistent and not transitory.
Government taps Chinese influencers to boost exports
Bloomberg News, Published on 07/02/2024
» The government is planning to enlist Chinese social-media influencers to hawk things from the so-called elephant pants to local sweet delicacies to their followers back home, as part of the Southeast Asian nation’s bid to shore up exports to the world’s No. 2 economy.
GDP growth fell in 2023, piling rate-cut pressure
Bloomberg News, Published on 23/01/2024
» Thailand's economic recovery lost momentum last year and missed official forecasts, according to a government spokesman Chai Wacharonke, potentially piling pressure on the central bank to pivot to early easing.
Thai Union to book B18.5bn charge for exiting Red Lobster
Bloomberg News, Published on 17/01/2024
» Thai Union Group Plc, one of the world's biggest makers of canned tuna, will take a one-time charge of US$530 million (18.5 billion baht) as it plans to exit the unprofitable US restaurant chain Red Lobster.
African nations dominate top 10 economic growth spots
Bloomberg News, Published on 09/01/2024
» JOHANNESBURG - Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light.