Showing 1 - 10 of 24
Thailand risks credit rating downgrade, opposition warns
Bloomberg News, Published on 26/09/2024
» Thailand runs a "very alarming" risk of credit rating downgrades if the government does not rein in its massive pile of debt to prop up Southeast Asia's second-largest economy, according to the country's biggest opposition group.
Thai scion bets US-China feud will ease Bangkok property glut
Bloomberg News, Published on 19/09/2024
» Frasers Property Limited, controlled by Thailand's richest man, is banking on US-China tensions to help reduce an oversupply of office space that has plagued the country's capital.
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.
Thailand to boost borrowing by 8% to $78 billion
Bloomberg News, Published on 17/09/2024
» The government plans to increase borrowing by 8% to about 2.6 trillion baht (US$78.2 billion) for the 2025 fiscal year starting on Oct 1, according to three market sources and a government presentation seen by Reuters.
Musk, Tesla beat suit over promoting Dogecoin 'pyramid scheme'
Bloomberg News, Published on 30/08/2024
» SAN FRANCISCO - Elon Musk and Tesla Incorporated won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a US$258 billion "pyramid scheme."
Travellers to get full refund for delayed flights in Malaysia
Bloomberg News, Published on 29/08/2024
» KUALA LUMPUR - Airlines in Malaysia will have to give passengers the option of a refund if their flight is delayed for five hours or more, as the Southeast Asian nation joins countries beefing up consumer air-travel rights.
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.
Bitcoin claws back from steep losses as crypto traders buy dip
Bloomberg News, Published on 06/08/2024
» SINGAPORE - Bitcoin inched back to briefly top US$56,000 on Tuesday after a bout of risk aversion in global markets inflicted steep losses on most major cryptocurrencies.
Move Forward’s Pita warns of instability ahead of Thai court rulings
Bloomberg News, Published on 02/08/2024
» The figurehead of Thailand’s main opposition party has warned that court decisions this month may dissolve his party and potentially unseat the prime minister, risking fresh instability in the economy.