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BUSINESS

Energy Absolute CEO accused of fraud

Reuters and Online Reporters, Published on 13/07/2024

» The Securities and Exchange Commission has accused the two top executives of the renewable energy firm Energy Absolute (EA) of procurement fraud that earned the perpetrators 3.5 billion baht.

OPINION

After another boom and bust, where to for lithium?

Andy Home, Published on 13/07/2024

» Lithium boom has turned to lithium bust over the last two years as a wave of new supply overwhelms weaker-than-expected demand for electric vehicle (EV) batteries.

BUSINESS

Illegal tour firms adopt new tactics

Business, Molpasorn Shoowong, Published on 13/07/2024

» More than a hundred tour operators are at risk of breaking the law for using nominees or a price-dumping strategy, while new fraudulent tactics offer cheap tours disguised as direct sales or multi-level marketing companies, according to Thailand's Tourism Department.

THAILAND

Winning rice bidder disqualified, 3 firms left

Phusadee Arunmas, Published on 13/07/2024

» The government will soon wrap up its sale by auction of 15,000 tonnes of rice left over from the Yingluck Shinawatra administration's rice-pledging scheme, according to Deputy Prime Minister and Commerce Minister Phumtham Wechayachai.

SPORTS

Watkins adds spark to England attack

Sports, Nobby Piles, Published on 13/07/2024

» Considering all the negative comments they have been subjected to throughout the tournament it seems quite remarkable that England have actually made it to the Euro 2024 final. They have achieved this with a mixture of good fortune, battling spirit and a most timely goal courtesy of Ollie Watkins.

BUSINESS

Risk appetite improves as US rate-cut hopes rise

Business, Nuntawun Polkuamdee & Nareerat Wiriyapong, Published on 13/07/2024

» RECAP: Most Asian stock markets struggled for direction yesterday, but were set to post weekly gains as risk sentiment got a boost after a surprisingly soft US inflation data fuelled bets for a September interest-rate cut.

BUSINESS

SET clawing its way back from four-year low

Business, Tisco Securities, Published on 13/07/2024

» The Stock Exchange of Thailand (SET) was sluggish in June as political turmoil hit the market midway through the month, dragging the index to its lowest point in almost four years at 1,281.87 points.

OPINION

Let's think smart

Oped, Postbag, Published on 13/07/2024

» Re: "Do subsidies affect consumption?", (Business, July 1).

BUSINESS

Power bills poised to rise later this year

Yuthana Praiwan, Published on 12/07/2024

» Businesses and households in Thailand are likely to pay higher electricity bills later this year as the power tariff is set to increase from 4.18 baht per kilowatt-hour (unit) during the cool season, says the Energy Regulatory Commission (ERC).

THAILAND

Malaysia to Host CPHI South East Asia 2025

Published on 12/07/2024

» The Malaysian government aims to become a centre of excellence in the medical and devices industry by 2030 as part of the new Industrial Master Plan 2030 (NIMP 2030) designed to stimulate the economy, investments, and the manufacturing sector. “The medical and devices industry is expected to elevate Malaysia’s economy, create added value and job opportunities, improve inclusivity, and develop a new industry cluster,” said Chairman of the Malaysia External Trade Development Corporation (MATRADE), YB Dato’ Sri Reezal Merican Naina Merican.