Showing 1 - 10 of 813
Central bank says current inflation goal 'appropriate'
Bloomberg News, Published on 30/05/2024
» The Bank of Thailand (BoT) defended its goal to keep inflation within a band of 1% to 3% as "appropriate" for the prevailing economic conditions, after the government sought a review over concerns the current target may be too low.
Govt plans Asia's first sovereign sustainability-linked bond
Bloomberg News, Published on 29/05/2024
» The government plans to sell as much as US$1.1 billion of baht-denominated sustainability-linked bonds (SLBs) in the fourth quarter, in what looks set to be the first such offering from an Asian government.
Carmakers flag difficult year on costs, muted EV demand
Bloomberg News, Published on 09/05/2024
» PORTLAND - Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles (EVs) weigh on profits.
Microsoft pledges $2.2bn in AI investment in Malaysia
Bloomberg News, Published on 02/05/2024
» KUALA LUMPUR - Microsoft Corp will invest US$2.2 billion to build digital infrastructure in Malaysia, the latest in a series of big-ticket bets on Asia’s rising prominence as a technology market.
Microsoft to invest $1.7bn in cloud, AI in Indonesia
Bloomberg News, Published on 30/04/2024
» JAKARTA - Microsoft will invest US$1.7 billion in Indonesia to empower the Southeast Asian country with cloud services and artificial intelligence (AI), including by building data centres, visiting chief executive Satya Nadella said on Tuesday.
Dirtier and heavier oil in demand as market shifts
Bloomberg News, Published on 22/04/2024
» SINGAPORE - Oil that is more sulphurous and dense is gaining popularity in the Asian physical market in a rare shift away from the usual pattern as global crude flows change and rewards from refining move in its favour.
Apple to invest $250m to expand Singapore campus
Bloomberg News, Published on 18/04/2024
» SINGAPORE - Apple Inc plans to invest more than US$250 million to expand its regional campus or operations in Ang Mo Kio, Singapore, according to a company statement on Wednesday.
Chinese EVs bet they can dethrone Japan brands in Thailand
Bloomberg News, Published on 09/04/2024
» TOKYO - Standing in front of a large crowd at last month’s Bangkok International Motor Show, an executive from Hozon New Energy Automobile Co promised to double sales in Thailand to 30,000 electric vehicles (EVs) this year.
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.
Biden, Xi discuss AI risks, Russia and fentanyl
Bloomberg News, Published on 03/04/2024
» WASHIGTONG - United States President Joe Biden and Chinese leader Xi Jinping spoke by telephone on Tuesday, their first one-on-one communication since meeting in California last November.