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Big Tech sell-off takes toll on Asian equities

Business, Published on 27/07/2024

» RECAP: Asian equities were mixed on Friday as traders weighed the rising expectations of US interest rate cuts against continued weakness in technology shares after a protracted run-up in prices.

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GENERAL

Digital wallet details fail to rally SET

Business, Nareerat Wiriyapong, Published on 25/07/2024

» The government's announcement regarding the delayed digital wallet handout scheme failed to boost the Stock Exchange of Thailand (SET) as the index slipped below the psychological level of 1,300 points on Wednesday with major commerce company CP All (CPALL) among the biggest losers.

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AirAsia flights back to normal after global IT outage

Molpasorn Shoowong, Published on 23/07/2024

» Thai AirAsia says the global IT outage on Friday delayed 200 of its flights, affecting about 40,000 passengers, but the airline managed to operate every scheduled flight.

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China shares lead regional decline as risk rises

Business, Published on 20/07/2024

» RECAP: Asian equities and currencies declined on Friday as economic and geopolitical risks trumped market optimism surrounding US interest-rate cuts. Mainland Chinese stocks in Hong Kong led the region's losses as the Communist Party's third plenum failed to convince investors about economic growth impetus.

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National Broadcasting Commission suspends 3m suspicious SIM cards

Business, Komsan Tortermvasana, Published on 16/07/2024

» The National Broadcasting and Telecommunications Commission (NBTC) has suspended more than three million SIM cards, as the holders had not verified their identities with their mobile phone operators by the deadline, according to NBTC's measures to handle alleged fraudsters’ mule accounts. 

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Cathay Pacific mulls upgrading its post-Covid recovery timeline

Published on 12/07/2024

» Cathay Pacific Airways expects flight volumes to fully rebound from Covid in the first few weeks of 2025, a person familiar with the matter said, as the airline’s pilot recruitment program goes according to plan and demand for travel remains buoyant.

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Auction for new renewable power plants planned

Yuthana Praiwan, Published on 25/06/2024

» The Energy Regulatory Commission (ERC) is pushing ahead with an auction for new power plants under its second-phase 3.6-gigawatt renewables scheme, which is expected to draw more investors once some of its conditions are amended.

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Political risk weighs on economy

Business, Published on 24/06/2024

» Thai politics is nearing a turning point, as next month the political fate of Prime Minister Srettha Thavisin and the leader of the opposition Move Forward Party (MFP) are scheduled to have their cases decided by the Constitutional Court.

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Key suspect in Stark fraud arrested in Dubai

Onnucha Hutasingh, Published on 22/06/2024

» Chanin Yensudchai, one of the key suspects in Stark Corporation embezzlement scandal, has been arrested in Dubai and will be deported on Sunday, according to a source familiar with the case.

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Central bank renews case to limit digital wallet scheme

Bloomberg News, Published on 19/06/2024

» The Bank of Thailand (BoT) remains firm in its opposition to a government plan to give 500 billion baht in cash to almost all its adult citizens to revitalise consumption activity, saying the prudent thing would be to limit assistance to the needy.