Showing 1-10 of 377 results
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A new threat on the banking horizon
Business, Somruedi Banchongduang, Published on 14/07/2023
» The Bank of Thailand warns that online financial fraud is increasing as criminals turn to false base stations.
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Tips for reading financial statements
Nuntawun Polkuamdee, Published on 10/07/2023
» The recent allegations of fraud at Stark Corporation has caused severe damage to investors.
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The Stark reality of a company in decline
Business, Nareerat Wiriyapong, Published on 05/07/2023
» As the public awaits clarity on the formation of a new government, investor confidence is trying to rebound from the plunge caused by alleged fraud at Stark Corporation.
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Survey finds Thais willing to spend higher amounts online
Business, Suchit Leesa-nguansuk, Published on 01/07/2023
» Thai consumers are prepared to spend higher amounts shopping online, but expect more from their experience, including faster delivery, according to a survey by marketing communications agency Wunderman Thompson.
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Debt-stricken Stark seeks way to avoid delisting
Bloomberg News, Published on 29/06/2023
» Stark Corporation Public Company Limited, the Thai industrial cable maker at the centre of an accounting scandal and debt default that rattled financial markets, plans to restructure its debt to stave off a forced delisting.
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A 99% stock crash and shock default raise alarm
Bloomberg News, Published on 23/06/2023
» Only a year ago Stark Corporation looked like a Thai corporate success story. Backed by a wealthy local businessman, the nearly US$2 billion maker of electrical cables was an aggressive acquirer making its first major push beyond Asia.
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Stark told to pay B6.9bn to bondholders
Business, Nuntawun Polkuamdee, Published on 22/06/2023
» Kasikornbank (KBank) and Asia Plus Securities (ASPS), representatives for Stark Corporation's bondholders, called for the immediate payment of bonds worth more than 6.9 billion baht after they decided to cancel tomorrow's bondholders' meeting.
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Stark facing stock exchange delisting
Business, Published on 20/06/2023
» Stark Corporation is poised to be delisted from the Stock Exchange of Thailand (SET) due to its negative shareholders' equity, while the Securities and Exchange Commission (SEC) is vowing to take legal action against those involved in preparing the company's faulty financial statements.
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Fake AI photo of Pentagon blast spooks market
Published on 23/05/2023
» NEW YORK: A faked photograph of an explosion near the Pentagon spread widely on social media on Monday, briefly sending US stocks lower in possibly the first instance of an AI-generated image moving the market.
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Wells Fargo to pay $1bn to settle shareholder suit
AFP, Published on 16/05/2023
» NEW YORK: The US bank Wells Fargo has agreed to pay $1 billion to settle a class action lawsuit by shareholders who accused it of not having changed its management and practices quickly enough after a series of scandals.
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