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BUSINESS

Banpu expands in Texas

Yuthana Praiwan, Published on 11/07/2023

» SET-listed Banpu Power (BPP), the power generation arm of the energy conglomerate Banpu Plc, has completed a 16-billion-baht buyout of the Temple II gas-fired power plant in Texas to strengthen its power business in the United States.

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BUSINESS

Malaysia seeks to revive high-speed rail line

Published on 11/07/2023

» KUALA LUMPUR: Malaysia is seeking proposals from private companies to develop a high-speed railway between Kuala Lumpur and Singapore, reviving a multi-billion-dollar project called off more than two years ago.

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BUSINESS

Baht posts biggest gain in a week

Published on 11/07/2023

» The baht and the South Korean won led gains among Asian currencies in an overall positive session on Tuesday as the dollar lost ground after US Federal Reserve officials signalled their rate-tightening cycle was nearing its end.

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BUSINESS

Foxconn exits $19.4bn chip deal in India

AFP, Published on 11/07/2023

» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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BUSINESS

UK water crisis pollutes privatisation legacy

AFP, Published on 11/07/2023

» LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.

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BUSINESS

Rice soars to two-year high in Asia

Bloomberg News, Published on 11/07/2023

» Rice prices in Asia have surged to the highest level in more than two years as importers build up stockpiles on fears that the onset of El Niño will parch plantations and damage crops.

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BUSINESS

Ministry unveils platform targeting online scammers

Business, Komsan Tortermvasana, Published on 11/07/2023

» The Digital Economy and Society (DES) Ministry is set to launch the Central Fraud Registry as an automated solution to fight scams and address illegal transactions, fraud and mule accounts.

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BUSINESS

PTT puts renewable strategy into overdrive

Business, Yuthana Praiwan, Published on 11/07/2023

» National oil and gas conglomerate PTT Plc is stepping up efforts to use more renewable power and further develop its hydrogen fuel business, part of a move to grow the company in a sustainable manner.

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BUSINESS

SET upbeat despite plunge in trading value

Business, Nuntawun Polkuamdee, Published on 11/07/2023

» Scandals related to Stark Corporation and other negative factors caused the trading value of the Stock Exchange of Thailand (SET) to plummet by 33% year-on-year in June to 47.9 billion baht, but the bourse remains optimistic that investor confidence will improve in the second half.

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BUSINESS

Transport urges continued subsidies

Business, Molpasorn Shoowong, Published on 11/07/2023

» Bus and airline operators are urging the government to continue to subsidise fuel costs for the whole year to relieve the burden on companies and passengers as the tourism industry slowly recovers to match 2019 levels.