Showing 1 - 10 of 174
Tupperware files for bankruptcy protection as demand slumps
Reuters, Published on 18/09/2024
» BENGALURU - Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to declining demand for its once-popular colourful food storage containers and ballooning losses.
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.
SET turns the corner as political issues dissipate
Business, Published on 14/09/2024
» August was a special time for the Thai market. At the beginning of the month, the Stock Exchange of Thailand (SET) index was at 1,320.86 points as uncertainty prevailed and the market mood was quite dull. The ethics case involving former prime minister Srettha Thavisin was a major overhang for the SET.
Draft seeks to better regulate fuel prices
Business, Yuthana Praiwan, Published on 12/09/2024
» A draft law to empower energy authorities to better regulate domestic oil and cooking gas prices is progressing towards parliament for approval, which could be a key energy policy under the nascent Paetongtarn Shinawatra regime.
Greed, gluttony and the crackup of Red Lobster
Published on 10/09/2024
» In June of last year, Red Lobster announced that Ultimate Endless Shrimp — as much as you can scarf down for just $20 — would become an “all day, every day” fixture of the menu.
BoT governor, finance minister to discuss inflation
Reuters, Published on 30/08/2024
» Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months.
Macau leadership candidate decries ‘wild’ casino expansion
Published on 28/08/2024
» A former judge in Macau who is running for the city’s top leadership position has warned against the dominant role casinos play in the local economy, comments that could add to the worries for the industry.
Heavy burden on young shoulders
Business, Published on 26/08/2024
» Paetongtarn Shinawatra's recent ascension to prime minister, following the Constitutional Court's dismissal of her predecessor Srettha Thavisin over ethics violations based on a cabinet appointment, and the dissolution of the progressive Move Forward Party, which won the last election, presents a complex interplay of economic, political and social challenges for the nation.
Shareholder sounds alarm on RML
Business, Post Reporters, Published on 23/08/2024
» The Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) were requested to look into irregularities at property developer Raimon Land (RML), with a shareholder saying the case could rival the corporate scandals of Stark Corporation and Energy Absolute (EA).
Retail borrowers need help, says caretaker finance minister
Published on 22/08/2024
» The Bank of Thailand should help retail borrowers after leaving its benchmark interest rate unchanged again this week, the caretaker finance minister said on Thursday.