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Search Result for “1.7 billion”

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WORLD

Australia pledges $2.7bn to speed up nuclear submarine shipyard

Reuters, Published on 15/02/2026

» SYDNEY - Australia ⁠said ⁠on Sunday it would ​spend A$3.9 billion (US $2.76 billion) to progress construction of a ​shipyard that will help ‌deliver nuclear-powered submarines under the trilateral AUKUS defence pact with the US and Britain.

THAILAND

Thai–Chinese high-speed rail phase 1 hits 51%

News, Post Reporters, Published on 15/02/2026

» The first phase of the Thai–Chinese high-speed rail project has reached 51.74% progress, says the State Railway of Thailand (SRT).

OPINION

Corruption keeps getting worse

Editorial, Published on 15/02/2026

» Everyone knows corruption in Thailand is bad, but few realise how bad. By global standards, Thailand is slipping into the bottom tier.

BUSINESS

Billionaire Sarath’s Gulf doubles Kbank stake

Bloomberg and Online Reporters, Published on 14/02/2026

» Gulf Development Plc, controlled by billionaire Sarath Ratanavadi, has doubled its stake in Kasikornbank Plc to become the Thai commercial lender’s largest shareholder.

BUSINESS

SET rides wave of post-poll optimism

Business, Tisco Securities, Published on 14/02/2026

» The Stock Exchange of Thailand closed the first month of 2026 with high hopes for an election-themed rally. Market-cap leader DELTA turned positive again, pushing the SET up more than 20 points in the first week of the year, while positive sentiment about artificial intelligence (AI) on Wall Street spread to Asia.

BUSINESS

Asian shares retreat ahead of Lunar New Year break

Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 14/02/2026

» RECAP: Asian equities pulled back from record highs on Friday as traders locked in gains and pared positions ahead of a week-long holiday in Chinese markets. Wall Street risk appetite ebbed as traders started to look at AI-related impacts on the broader economy.

BUSINESS

Big C allots B8bn for new branches

Business, Somhatai Mosika, Published on 14/02/2026

» Big C Supercenter Plc plans to invest up to 8 billion baht for new branch openings and the renovation of outlets across Thailand.

BUSINESS

Levelling the e-commerce playing field

Business, Suchit Leesa-nguansuk, Published on 14/02/2026

» The Trade Competition Commission of Thailand (TCCT) has issued new guidelines for the Trade Competition Act of 2017, expected to be published in the Royal Gazette next month, aiming to curb unfair trade practices and prevent monopolistic behaviour in multi-sided platform businesses, with a focus on e-commerce.

BUSINESS

Tobacco Authority of Thailand targets B1.2bn in export revenue

Business, Wichit Chantanusornsiri, Published on 14/02/2026

» The Tobacco Authority of Thailand aims to boost exports this year, aiming to raise its cigarette export revenue to 1.2 billion baht, up from 800 million baht in 2025.

BUSINESS

Mcot opens bids for Bangkok land

Business, Kanana Katharangsiporn, Published on 14/02/2026

» State-owned broadcaster Mcot Plc has opened bidding for the lease of more than 50 rai of land near its headquarters in the Rama IX area of Bangkok, with the site expected to be developed as a mixed-use project amid the economic slowdown and an oversupply of office space in the area.