Showing 81 - 90 of 982
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.
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
The best restaurant in the world is..
Bloomberg News, Published on 21/06/2023
» The best restaurant in the world is Central, in Lima. The dynamic tasting menu restaurant from chef Virgilio Martinez features ingredients from Peru’s very diverse landscape, from potatoes sourced from of the heights of the Andes mountains to sea urchin from the ocean and notes the latitude of each dish.
Stark cites Russia-Ukraine war to exit €560m deal
Bloomberg News, Published on 20/06/2023
» Stark Corporation Public Company Limited, a Thai maker of electrical components engulfed in an accounting scandal, has cited the Russia-Ukraine war as a reason for pulling out of an agreement to buy a German maker of automotive cable solutions for €560 million (21.27 billion baht).
Asia’s gamblers cheer wave of legalisation
Bloomberg News, Published on 14/06/2023
» MACAU: In a sea change for the traditionally conservative region, some of the biggest tourism spots in Asia and the Middle East are moving toward building or allowing their first casinos, raising competitive pressure on existing hubs like Macau.
Two casino giants exploring Thailand
Bloomberg News, Published on 02/06/2023
» Two of the world’s top casino operators are laying the groundwork to potentially establish gambling facilities in Thailand as the industry looks to hedge against a deteriorating outlook in Macau.
Tycoon’s property unit to boost spending on tourism boom
Bloomberg News, Published on 16/05/2023
» The property and hotel development unit of Thailand’s richest man plans to more than double spending for acquisitions and development of hotel resorts and commercial properties this year as tourism booms.
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.