Showing 1 - 10 of 15
Baht rises to strongest since March 2022 amid exporters worries
Bloomberg News, Published on 25/09/2024
» The baht gained to its strongest level in 30 months as Chinas stimulus boosted risk assets globally, adding pressure on the Bank of Thailand (BoT) to act to curb its rally.
Vietnam tycoon faces second fraud trial after death sentence
Bloomberg News, Published on 19/09/2024
» HANOI - The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief's determination to press ahead with a crackdown on corruption.
Troubled Thai firm Energy Absolute gets nod for bond extension
Bloomberg News, Published on 23/08/2024
» Energy Absolute Public Company Limited obtained approval to extend the maturity of 4 billion baht (US$116.5 million) of green bonds, providing some relief for the Thai renewable energy company that is under a fraud investigation. The shares surged the most in more than a decade.
Indonesia celebrates a new capital struggling to take shape
Bloomberg News, Published on 17/08/2024
» JAKARTA - Indonesia is set to inaugurate its unfinished future capital city in the middle of a remote jungle on the island of Borneo, as funding struggles, missed deadlines and a change in the country’s leadership weigh on the multibillion dollar project.
Ex-Twitter chairman sues Elon Musk's X for $20 million in shares
Bloomberg News, Published on 10/08/2024
» TEXAS - Former Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than US$20 million worth of shares he is owed.
Sports and music tourism will soon represent a 53 trillion baht economy
Bloomberg News, Published on 02/08/2024
» If you have lost track of how many people in your orbit have recently posted pictures of themselves at a Formula One race or Taylor Swift concert, chances are you are not alone.
Thailand bets on B500bn cash handout to revive economy
Bloomberg News, Published on 24/07/2024
» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia.
Thai billionaire Sarath to merge energy, telecom businesses
Bloomberg News, Published on 17/07/2024
» Thai billionaire Sarath Ratanavadi unveiled a plan to consolidate his energy and telecom businesses by merging his listed power company with the owner of the nation’s most-valuable mobile phone operator.
Asia's worst stock loser erases Thai founder from billionaire status
Bloomberg News, Published on 10/07/2024
» Somphote Ahunai, whose net worth topped US$4.8 billion two years ago, is no longer a billionaire after a series of unwieldy efforts to diversify one of Thailand's biggest renewable-power producers into a Tesla-like transport specialist.
Bitcoin falls to lowest since Feb
Bloomberg News, Published on 05/07/2024
» SINGAPORE - Bitcoin sank for a fourth consecutive trading session, part of a wider crypto selloff that contrasts with recent record highs in global stocks.