Showing 1 - 10 of 143
Investment giant Franklin Templeton explores Thailand expansion
Bloomberg News, Published on 23/01/2024
» HONG KONG - Franklin Templeton is weighing expansion in Thailand, seeking to lure local investors of offshore products as the asset manager strengthens its Asia operations.
Vietnam adopts rule on global minimum tax for foreign firms
Bloomberg News, Published on 29/11/2023
» HO CHI MINH - Vietnam passed a resolution to align the tax on corporate earnings to meet the 15% global minimum levy on multinational companies aimed at stopping a race-to-the-bottom competition among countries to lure investors.
Billionaires muscle in on convenience store king’s domain
Bloomberg News, Published on 05/10/2023
» Some of Thailand’s wealthiest tycoons are looking to muscle in on the convenience-store sector, betting that a shift in consumer preferences for buying less but shopping more often will fuel demand for years to come.
Evergrande’s billionaire chairman Hui under police surveillance
Bloomberg News, Published on 27/09/2023
» SHANGHAI - The billionaire chairman of beleaguered property developer China Evergrande Group, Hui Ka Yan, has been placed under police control, according to people with knowledge of the matter.
China finance giant’s missed payments alarm regulators, markets
Bloomberg News, Published on 14/08/2023
» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.
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.
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.
China travel rebound bets turn toward airports
Bloomberg News, Published on 23/03/2023
» SINGAPORE: Investors hoping to cash in on a boom in Chinese travel after nearly three years of coronavirus pandemic lockdowns are shifting into airports, hotels and duty-free operators and away from airlines subject to fluctuating fuel prices and more intense competition.
Canned-tuna giant Thai Union may exit Red Lobster chain
Bloomberg News, Published on 10/03/2023
» Thai Union Group Public Company Limited, one of the world’s biggest makers of canned tuna, is considering an exit from its loss-making Red Lobster unit less than three years after boosting its stake in the United States restaurant chain.
Musk warns of Twitter bankruptcy if cash burn continues
Bloomberg News, Published on 11/11/2022
» NEW YORK: Elon Musk, in his first address to Twitter employees since purchasing the company for $44 billion, said that bankruptcy was a possibility if it does not start generating more cash, according to people familiar with the matter.