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BUSINESS

UBS to cut 35,000 jobs after Credit Suisse rescue

AFP, Published on 28/06/2023

» GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.

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BUSINESS

How Thailand's welfare state could change

Business, Wichit Chantanusornsiri, Published on 28/06/2023

» For the past few decades, many countries have been working towards providing "healthcare for all", including equity in access to healthcare and healthcare financing.

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BUSINESS

Minor to acquire rights to Sizzler

Business, Pitsinee Jitpleecheep, Published on 28/06/2023

» Minor International Plc (Mint), an operator in the hospitality, restaurant and lifestyle sector, on Tuesday announced it would acquire a 100% stake in Singco Trading Pte, the intellectual property holder of the restaurant brand Sizzler, except in the US, Guatemala and Puerto Rico.

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BUSINESS

BoT eases forex rules for stability

Business, Somruedi Banchongduang, Published on 28/06/2023

» The Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term.

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BUSINESS

Line readies new features

Business, Suchit Leesa-nguansuk, Published on 28/06/2023

» Line Thailand is preparing new consumer and business features and has embraced generative artificial intelligence (AI) technology as part of its plan to offer value-added services to users and target Gen Y in its network.

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BUSINESS

King's preps new complex in Bangkok

Business, Published on 28/06/2023

» King's College International School Bangkok is set to open its new teaching and learning complex in 2024 with teachers who graduated from renowned universities, following its successful Senior School opening in 2021.

BUSINESS

Russian arrivals start to decline in June

Business, Narumon Kasemsuk, Published on 28/06/2023

» The flow of Russian tourists started to slow before the mutiny in Moscow last weekend, but more long-stay travellers might flock to Thailand if the political tension escalates, according to the Association of Thai Travel Agents (Atta).

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BUSINESS

Bourse edges down amid global jitters

Business, Nareerat Wiriyapong, Published on 28/06/2023

» Uncertainty in Russia and loan defaults in China's property sector must be closely watched because they could drag down the Stock Exchange of Thailand (SET) index, which remains under 1,500 points, say analysts.

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BUSINESS

World Bank: Myanmar recovery years away

Published on 27/06/2023

» The economy of Myanmar has shown some signs of stabilising in the first half of this year but it is unlikely to recover to pre-Covid levels until 2027 or 2028, according to the World Bank.

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BUSINESS

BoT loosens forex rules further

Published on 27/06/2023

» The Bank of Thailand (BoT) says it will double the amount that Thai retail investors can invest in foreign securities in order to encourage capital outflows amid a volatile baht.