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BUSINESS

Rice glut will be put to test with El Niño’s return

Bloomberg News, Published on 15/06/2023

» The world is awash in rice with global stockpiles at close to record levels. El Niño’s arrival will put those reserves to the test.

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BUSINESS

Tycoon’s property unit to boost spending on tourism boom

Bloomberg News, Published on 16/05/2023

» The property and hotel development unit of Thailand’s richest man plans to more than double spending for acquisitions and development of hotel resorts and commercial properties this year as tourism booms.

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BUSINESS

G-7 finance chiefs boost Ukraine aid, propose supply chain plan

Bloomberg News, Published on 13/05/2023

» NIIGATA: Group of Seven (G-7) finance chiefs put more aid on the table for Ukraine, set up a new supply chain initiative and vowed to fill regulatory gaps in the banking sector in a show of unity on global geo-economic issues after three days of talks.

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BUSINESS

Canned-tuna giant Thai Union may exit Red Lobster chain

Bloomberg News, Published on 10/03/2023

» Thai Union Group Public Company Limited, one of the world’s biggest makers of canned tuna, is considering an exit from its loss-making Red Lobster unit less than three years after boosting its stake in the United States restaurant chain.

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BUSINESS

Singapore keen to play peacemaker as US-China tensions rise

Bloomberg News, Published on 09/03/2023

» SINGAPORE: Top trade official in Singapore said the city-state is willing to facilitate a dialogue between the United States and China to repair their relationship, as he described growing tensions between the world’s biggest economies as detrimental to the world.

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BUSINESS

Central Pattana scouts for acquisitions, lines up more mega projects

Bloomberg News, Published on 09/03/2023

» Central Pattana Pcl is open to acquiring assets that fits well with its strategy of housing retail, residential and office spaces at a single location as the mall developer pushes ahead with a 135 billion baht (US$3.9 billion) expansion.

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BUSINESS

Megaprojects, tourism to propel growth, Arkhom says

Bloomberg News, Published on 28/02/2023

» A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.

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BUSINESS

Banpu to boost US shale gas investments

Bloomberg News, Published on 14/02/2023

» Banpu Public Company Limited, Thailand’s largest coal producer, plans to boost its investments in United States shale gas as it prepares for the New York listing of its American unit this year.

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BUSINESS

JPMorgan expects more IPOs, takeovers as baht gains

Bloomberg News, Published on 24/01/2023

» The Thai baht rally will help reverse a slump in its market for initial public offerings and provide fire-power for overseas acquisitions by Thai companies, according to JPMorgan Chase & Co.

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BUSINESS

Thai stocks are top pick in Asean on tourism outlook: JPMorgan

Bloomberg News, Published on 19/01/2023

» A better-than-expected upswing in tourism from China’s re-opening and the likely fillip to domestic consumption make Thai stocks the top pick for JPMorgan Chase & Co in Southeast Asia.