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BUSINESS

Foxconn exits $19.4bn chip deal in India

AFP, Published on 11/07/2023

» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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BUSINESS

Brand value of Thai Airways sags

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

» The tepid resumption of business travel and inability of Thailand to become a connectivity hub has led Thai Airways' brand value to grow slower than its competitors, while Centara Grand secured the strongest brand in the country this year.

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BUSINESS

The Stark reality of a company in decline

Business, Nareerat Wiriyapong, Published on 05/07/2023

» As the public awaits clarity on the formation of a new government, investor confidence is trying to rebound from the plunge caused by alleged fraud at Stark Corporation.

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BUSINESS

DSI to grill 2 former Stark execs

Published on 04/07/2023

» Two former executives of financially ailing Stark Corporation are being summoned by the Department of Special Investigation (DSI) to answer charges that they falsified financial statements of the listed company.

BUSINESS

Quick fix sought to bolster listing rules

News, Published on 04/07/2023

» Finance Minister Arkhom Termpittayapaisith has instructed the Stock Exchange of Thailand (SET) and the Securities and Exchange Commission (SEC) to speed up finding more effective measures to prevent falsified financial accounts from being used to list a company on the bourse.

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BUSINESS

Nuclear power and net zero

Business, Published on 03/07/2023

» Clean energy campaigns are not only promoting solar, wind and biomass power in Thailand, but also prompting conversations about nuclear energy.

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BUSINESS

All applicants qualify for NBTC position

Business, Komsan Tortermvasana, Published on 30/06/2023

» All nine applicants for the secretary-general post at the National Broadcasting and Telecommunications Commission (NBTC) are qualified, according to a subcommittee tasked with vetting the candidates.

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BUSINESS

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.

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BUSINESS

Chinese billionaires go all-in on AI

Published on 28/06/2023

» China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

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BUSINESS

Stark Corp fraud damage may reach B100bn, says DSI

Post Reporters, Published on 28/06/2023

» The Department of Special Investigation has impounded assets worth 100 million baht from listed wire and cable manufacturer Stark Corp and suspects total damage in the alleged fraud could reach 100 billion baht.