Showing 11 - 20 of 219
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.
Geely to invest $10b in Malaysia
Bloomberg News, Published on 18/07/2023
» KUALA LUMPUR: Chinese automaker Geely plans to invest US$10 billion to turn Tanjung Malim in Malaysia’s Perak state into the region’s largest auto hub, according to Prime Minister Anwar Ibrahim.
Regulator files fraud charges against Stark
Bloomberg News, Published on 06/07/2023
» The Securities and Exchange Commission (SEC) has filed charges against the largest shareholder and others involved in the management of Stark Corporation Plc, the industrial cable maker at the centre of an accounting scandal and debt default.
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.
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.
SET to overhaul listing rules as stocks whacked by scandals
Bloomberg News, Published on 22/06/2023
» The Stock Exchange of Thailand plans to tighten listing rules as a major accounting scandal, debt defaults and unexplained share gyrations rattle investors, putting the SET Index on course for its lowest close in more than two years.
Troubles mount for Stark hit by accounting scandal
Bloomberg News, Published on 21/06/2023
» Bondholders of Stark Corporation Public Company Limited called for immediate payment of about US$200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that has defaulted on debt and seen its shares plummet to near-zero.
Politicians dangle B3.14tn worth of promises
Bloomberg News, Published on 18/03/2023
» With the country heading into a general election in May, key political parties are promising more than 50 million voters almost everything from steep increases in cash handouts and wages to suspending debt repayment.
Prayut clears multi-billion spending plan as election nears
Bloomberg News, Published on 14/03/2023
» The cabinet approved a raft of proposals in what’s likely to be its last meeting before Prime Minister Prayut Chan-o-cha dissolves parliament to pave way for a general election.
Bitcoin set for worst week since FTX crash
Bloomberg News, Published on 10/03/2023
» NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.