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Search Result for “petrochemical businesses”

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BUSINESS

US fintech firm Block sheds 4,000 staff, cites AI

Published on 28/02/2026

» OAKLAND, California - Block, the parent company of the fintech firms Square and Cash App, is laying off 40% of its 10,000 employees, stating plainly that the decision was driven by artificial intelligence.

BUSINESS

Oakwood to debut in Hat Yai with CPN venture

Business, Published on 28/02/2026

» Central Pattana Plc (CPN), a leading real estate developer in Thailand, has partnered with The Ascott Limited, a global hospitality company and wholly-owned subsidiary of CapitaLand Investment, for the development of Oakwood Central Hat Yai.

BUSINESS

PTT eyes partners across value chain

Business, Yutthana Praiwan, Published on 28/02/2026

» National oil and gas conglomerate PTT Plc is seeking new business partners, hoping to secure additional funding to strengthen businesses within the PTT Group and create synergies to enhance long-term performance.

BUSINESS

Thailand targets global AI hub status

Business, Suchit Leesa-nguansuk, Published on 28/02/2026

» Thailand is uniquely positioned to become a global artificial intelligence (AI) and digital infrastructure hub as it has already attracted a potential 5 gigawatts of data centre capacity, representing hundreds of billions of baht in infrastructure investment, by leveraging its geopolitical neutrality amid rising international tensions, says the Digital Council of Thailand (DCT).

BUSINESS

Asian shares poised for best February on record

Business, Nuntawun PolkuamdeeNareerat Wiriyapong, Published on 28/02/2026

» RECAP: Asian shares were mixed yesterday as concerns ‌about technology company valuations and geopolitical hotspots weighed on sentiment. But the MSCI Asia Pacific Index has gained 7.1% this month, making it the best February performance on record.

BUSINESS

Tech-led correction unlikely to be the last

Business, Maybank Securities Thailand, Published on 28/02/2026

» Following a correction in the US stock market prompted by concerns over high valuations of technology stocks and the potential disruption artificial intelligence (AI) could bring to various businesses, market concerns about a technology and AI bubble have begun to ease.

BUSINESS

CP AXTRA spearheads retail technology

Business, Kuakul Mornkum, Published on 27/02/2026

» Amid rapidly changing customer behaviour, retail and wholesale businesses face new challenges. Shoppers are more sophisticated, embracing omni-channel retail as they shift buying habits, requiring operators to rethink their operational strategies.

BUSINESS

Centara expands into budget hotels

Business, Molpasorn Shoowong, Published on 27/02/2026

» Centara Hotels & Resorts is targeting revenue growth of 15% this year, banking on a recovery in Thai tourism and diversified markets. The company will begin investing in the first phase of six budget hotels from 2026 to 2028 at petrol stations in partnership with PTT Oil and Retail Business (OR).

BUSINESS

Analysts see buoyant SET following rate cut

Nuntawun Polkuamdee, Published on 27/02/2026

» Analysts are lifting Stock Exchange of Thailand (SET) index estimates for 2026 after the Bank of Thailand's (BoT) Monetary Policy Committee (MPC) cut the policy rate by 25 basis points (bps) to 1.00%, the lowest level in nearly four years, triggering expectations of a market re-rating.

BUSINESS

SCB predicts gradual baht decline

Business, Somruedi Banchongduang, Published on 27/02/2026

» Siam Commercial Bank (SCB) expects the baht to gradually weaken against the US dollar, reaching 33 baht per dollar in the fourth quarter of this year, driven by a combination of domestic and external factors.