Showing 1 - 10 of 37,002
Bosch Drives Strategy 2030 with Innovation, Resilience
Published on 09/05/2025
» Stuttgart and Renningen, Germany – The Bosch Group is forging ahead with its ambitious Strategy 2030 to strengthen its competitive position, despite global market challenges that curbed growth in 2024. The technology and services provider posted sales revenue of €90.3 billion, a 1.4% decline year-on-year, or 0.5% after adjusting for exchange rate effects. EBIT from operations stood at €3.1 billion, down from €4.8 billion in 2023, resulting in an EBIT margin of 3.5%.
Modest export growth or contraction likely
Business, Somruedi Banchongduang, Published on 09/05/2025
» Thai exports are expected to post marginal growth or contract this year and next, largely due to the anticipated US tariff hikes set to commence in the second half of 2025.
Chamber predicts 2% Thai growth this year
Business, Phusadee Arunmas, Published on 09/05/2025
» The University of the Thai Chamber of Commerce (UTCC) expects the Thai economy to grow by nearly 2% this year, while the Monetary Policy Committee (MPC) has room for two more rate cuts.
AirAsia flights to China face cuts amid sluggish demand
Business, Narumon Kasemsuk, Published on 09/05/2025
» AirAsia is considering reducing flights from Thailand to China by at least 15% to cope with the Chinese market slowdown, while it encourages the Thai government to maximise tax refund privileges for tourists to urgently stimulate spending.
UHG to sink B1.5bn into hotel expansion
Business, Kanana Katharangsiporn, Published on 09/05/2025
» Commercial property developer UHG plans to invest 1.5 billion baht to expand its hotel portfolio in fringe areas of Bangkok and convert office space on Lat Phrao Soi 4 into hotel rooms, capitalising on tourism and escaping the oversupplied office market.
Trump to announce ‘trade deal’ with UK
AFP, Published on 08/05/2025
» LONDON - The United States and Britain are reportedly set to announce a trade agreement on Thursday that could have implications for President Donald Trump’s tariffs campaign, but the scope of the deal could be limited.
Tariff measures weigh on oil and global growth
Published on 08/05/2025
» The average price of ICE Brent crude oil in Q1/ 2025 was US$74.97/BBL, slightly higher than $74.01/BBL in the fourth quarter of 2024. The increase followed US sanctions imposed on major Russian energy companies such as Gazprom Neft and Surgutneftegas, as well as 183 oil tankers involved in Russia's "shadow fleet" exports. Platts estimated the sanctions affected about 1.5 million barrels per day of Russia’s seaborne oil exports, driving crude prices up to $82/BBL on Jan 15, 2025, the highest level since August.
Novo Nordisk Leads Danish-Thai Forum on Obesity Solutions
Published on 08/05/2025
» The Royal Danish Embassy in Thailand, in collaboration with Novo Nordisk Pharma (Thailand) Ltd. (“Novo Nordisk”), organised the first Danish-Thai Obesity Policy Forum, bringing together top policymakers, healthcare professionals and industry representatives to discuss challenges arising from the growing prevalence of obesity and its socio-economic impacts in Thailand. The forum, titled “Obesity – A National Threat to Health and Wealth, Act Now for Our Future Generations”, featured remarks from decision-makers and a panel discussion.
Analysts see Bitcoin at $100,000 soon
Business, Nuntawun Polkuamdee, Published on 08/05/2025
» Crypto analysts expect Bitcoin to soar to US$100,000, even if the Federal Open Market Committee (FOMC) keeps interest rates unchanged at its meeting this week, based on strong institutional buying of spot Bitcoin exchange-traded funds (ETFs).
Central bank expected to cut rates twice more this year
Business, Nareerat Wiriyapong, Published on 08/05/2025
» Low inflation provides ample room for the Bank of Thailand to slash interest rates at least two more times this year to deal with the impacts of the trade war, with the next rate cut expected in the third quarter, according to analysts.