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Govt eyes $15bn investment after PM's global pitch

Bloomberg News, Published on 27/03/2024

» The government said it expects to garner at least US$15 billion (546 billion baht) in foreign direct investment in the next three years as Prime Minister Srettha Thavisin's trips around the world to woo electric vehicle (EV) makers and technology companies start to yield results.

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GENERAL

Central Retail open to investing in Selfridges if conditions are right

Bloomberg News, Published on 05/01/2024

» Central Retail Corp, one of Thailand’s biggest retailers, says it is open to investing in the iconic Selfridges department store in London if the opportunity meets the right conditions.

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GENERAL

Asia factories cope with high costs amid war

Bloomberg News, Published on 01/11/2023

» JAKARTA - Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher, costs rose and global demand remained under pressure.

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US imposes sanctions on lucrative Myanmar state oil firm

Bloomberg News, Published on 01/11/2023

» YANGON - The United States announced sanctions against the Myanmar junta’s most lucrative state-owned enterprise, one of Washington’s most significant moves yet to curtail the military regime’s access to easy cashflow to buy weapons.

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GENERAL

Singapore to inspect Credit Suisse, others in $2bn scandal

Bloomberg News, Published on 18/10/2023

» SINGAPORE - Financial regulator in Singapore will conduct an on-site inspection of Credit Suisse Group after at least one of its customers was charged for money laundering in a scandal that has rocked the city-state.

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GENERAL

Billionaires muscle in on convenience store king’s domain

Bloomberg News, Published on 05/10/2023

» Some of Thailand’s wealthiest tycoons are looking to muscle in on the convenience-store sector, betting that a shift in consumer preferences for buying less but shopping more often will fuel demand for years to come.

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GENERAL

Evergrande’s billionaire chairman Hui under police surveillance

Bloomberg News, Published on 27/09/2023

» SHANGHAI - The billionaire chairman of beleaguered property developer China Evergrande Group, Hui Ka Yan, has been placed under police control, according to people with knowledge of the matter.

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B.Grimm weighs stake sale in Thailand

Bloomberg News, Published on 21/09/2023

» LONDON - B.Grimm Group is considering selling a minority stake in its gas-fired power portfolio in Thailand that could be valued at about US$2 billion (72.48 billion baht) in a deal, according to people familiar with the matter.

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Internet startup VNG files to become first Vietnam tech firm to go public in US

Bloomberg News, Published on 24/08/2023

» HANOI - Internet startup VNG Ltd filed for an initial public offering (IPO) in the United States, making it the first Vietnamese technology company to seek a listing in New York and adding to a diversifying roster of companies planning listings as equity markets thaw.

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PTTEP to boost gas production to avoid new price shock

Bloomberg News, Published on 15/08/2023

» Thailand’s largest natural gas producer is ramping up output to avoid a renewed power crisis.