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BUSINESS

Stark faces 11,000 shareholder complaints

Post Reporters, Published on 06/07/2023

» About 11,000 individual shareholders through their representatives have joined the Securities and Exchange Commission (SEC) in filing complaints against Stark Corp Plc and its former executives for fraud related to falsified financial statements.

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BUSINESS

Stock investor mood improves slightly

Published on 06/07/2023

» Investor confidence in the Thai stock market rose slightly in June, buoyed by hopes of a smooth formation of a new government and continued recovery in tourism and the economy, a capital markets group said on Thursday.

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BUSINESS

Chinese students a bonanza for listed international school

Published on 06/07/2023

» The growing number of wealthy Chinese leaving their homeland has been a boon for Thailand’s only SET-listed school operator and turned its chief executive officer into a multimillionaire.

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BUSINESS

Regulator files fraud charges against Stark

Bloomberg News, Published on 06/07/2023

» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.

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BUSINESS

Rice to get costlier as supply threatened

Reuters, Published on 06/07/2023

» MUMBAI: Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans.

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BUSINESS

China leads race to become world's top cashless society, says British expert

Published on 06/07/2023

» LONDON: China is on track to becoming the world's top country for cash-free transactions, Kent Matthews, professor of banking and finance at Cardiff University told Xinhua recently in an exclusive interview.

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BUSINESS

Samsung profit 'lowest in over 14 years'

Reuters, Published on 06/07/2023

» SEOUL: Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

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BUSINESS

New online commerce surges in Thailand

Business, Komsan Tortermvasana, Published on 06/07/2023

» So-called "shoppertainment", where content and commerce converge on a platform, has become the next era of online commerce, expected to be worth US$1 trillion across Asia-Pacific by 2025, says Sirinit Virayasiri, head of business marketing for Thailand TikTok.

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BUSINESS

Economic woes curtail domestic trips

Business, Molpasorn Shoowong, Published on 06/07/2023

» Domestic tourism is still struggling with weak purchasing power because of higher costs of living and soaring debt, leaving small hotels and regional operators with financial burdens, says Kantapong Thananerngroth, president of Thai Tourism Promotion Association.

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BUSINESS

Panel trims export growth forecast

Business, Lamonphet Apisitniran, Published on 06/07/2023

» Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.