Showing 1 - 10 of 20
Various factors hurt Tasco's Q1 earnings
Business, Yuthana Praiwan, Published on 22/05/2024
» The delay in state budget spending and low asphalt prices in the global market reduced first-quarter earnings and profit of SET-listed Tipco Asphalt Plc (Tasco), but the company remains upbeat about a return to normal growth levels this year.
China's exports and imports return to growth
Reuters, Published on 09/05/2024
» BEIJING: China's exports and imports returned to growth in April after contracting in the previous month, customs data showed on Thursday, signalling an encouraging improvement in demand at home and overseas in a boost to a shaky economic recovery.
SCG unit fined $20m for evading US sanctions on Iran
Published on 20/04/2024
» A unit of Thailand-based SCG Chemicals Plc, part of the Siam Cement Group, has agreed to pay $20 million (735 million baht) to the United States to settle potential civil liability for violations of US sanctions on Iran, according to the US Treasury Department.
Oil prices dip as demand concerns outweigh Middle East supply fears
Reuters, Published on 17/04/2024
» TOKYO: Oil prices eased in early trade on Wednesday as worries about global demand due to weak economic momentum in China and fading hopes for U.S. interest rate cuts in the near term outweighed supply fears on heightened tensions in the Middle East.
STA banking on 'traceable rubber'
Business, Lamonphet Apisitniran, Published on 08/03/2024
» Rubber manufacturer Sri Trang Agro-Industry (STA) has launched "traceable rubber" to support its exports to the European Union (EU) which demands products that meet environmental and human rights standards.
Red Sea disruptions and the geopolitical premium
Business, Published on 07/02/2024
» Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including oil and gas, chemicals and fertilisers, unless there are wider shipping -- or production -- disruptions in the region, according to Fitch Ratings.
Joined at the hip
Business, Post Reporters, Published on 22/01/2024
» The Thai tourism industry posted a disappointing result in terms of arrivals from China last year, recording only 3.5 million visitors, falling far short of the original goal of 5-7 million.
Myanmar sets new timeframe for exporters to deposit earnings
Reuters, Published on 26/12/2023
» YANGON - The Central Bank of Myanmar has ordered exporters sending goods outside Asia to deposit foreign earnings in local banks within 90 days, up from a previous requirement to do so within 60 days.
Global economy slows down, affecting oil prices
Published on 21/12/2023
» Oil prices have decreased following the global economic slowdown, despite OPEC+ members jointly announcing a reduction in oil supply to support prices. The price of ICE Brent crude oil in the 4th quarter of 2023, from October 1st to December 6th, averaged $84.6 per barrel, a decrease from the 3rd quarter average of $85.9 per barrel. This decline is attributed to concerns over the weakening global economy, leading to a continuous slowdown in demand. Recently, S&P Global Platts reported the Manufacturing Purchasing Managers' Index (PMI) of the United States, Europe, and China for November 2023 as 49.4 points, 44.2 points, and 49.4 points, respectively. An index below 50 points indicates a contraction in the manufacturing sector of these regions.
Asian markets tread water, waiting for US cues
Business, Published on 25/11/2023
» RECAP: Asian currencies and equities were largely subdued on Friday, with the baht and South Korean won leading declines, as increasing scepticism over whether the Federal Reserve is done with interest rate hikes kept risk appetite in check.