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BUSINESS

Higher sugar prices pose new threat to food inflation

Bloomberg News, Published on 30/03/2023

» Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up pressure on global food inflation.

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BUSINESS

China travel rebound bets turn toward airports

Bloomberg News, Published on 23/03/2023

» SINGAPORE: Investors hoping to cash in on a boom in Chinese travel after nearly three years of coronavirus pandemic lockdowns are shifting into airports, hotels and duty-free operators and away from airlines subject to fluctuating fuel prices and more intense competition.

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THAILAND

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.

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BUSINESS

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.

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WORLD

Myanmar cuts power to businesses so students can study at night

Bloomberg News, Published on 02/03/2023

» YANGON: Myanmar’s businesses will be left without power for five hours a night for much of this month to allow students to burn the midnight oil, a stark illustration of how energy shortages are forcing tough choices and worsening already acute economic pain.

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NEWS

Tesla to import EVs into Malaysia, set up charging network

Bloomberg News, Published on 01/03/2023

» KUALA LUMPUR: Malaysia approved Tesla Inc's application to import battery electric vehicles (EVs) into the Southeast Asian nation, according to the Trade Ministry.

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BUSINESS

Stocks move sideways as foreigners unload on rate outlook

Bloomberg News, Published on 09/02/2023

» A rally in Thai equities that sent the benchmark SET Index to a fourth straight monthly gain in January is losing steam as foreign investors pulled out money for eight straight days, the longest stretch of withdrawals in more than seven months.

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THAILAND

Working from home recommended in smoggy Bangkok

Bloomberg News, Published on 25/01/2023

» Authorities have urged Bangkok residents to work from home and wear respirator masks outdoors as air pollution level worsens in the capital.

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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.