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GENERAL

Government seeks tighter grip on central bank after clash

Bloomberg News, Published on 05/06/2024

» Prime Minister Srettha Thavisin's administration is discussing ways to exert more control over the Bank of Thailand (BoT) after repeatedly clashing with the monetary authority on economic policy, according to people familiar with the matter.

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WORLD

NYSE fixes issue that showed 99% drops, triggered trading halts

Bloomberg News, Published on 04/06/2024

» A glitch during a software update early Monday led the New York Stock Exchange to erroneously halt trading on about 40 stocks and display odd trades showing a 99% drop in companies including Warren Buffett’s Berkshire Hathaway Inc.

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GENERAL

Parliament plans special session to fast-track budget

Bloomberg News, Published on 01/06/2024

» The parliament will convene a special session this month as Prime Minister Srettha Thavisin seeks to speed up approval of a budget bill to revive the country's economic growth.

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WORLD

Singapore wealth flows face renewed scrutiny in superhacker case

Bloomberg News, Published on 31/05/2024

» SINGAPORE- Before he was arrested this month for allegedly running what is likely the world's largest cybercrime computer network, Wang Yunhe enjoyed a lavish lifestyle in Singapore.

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GENERAL

Central bank says current inflation goal 'appropriate'

Bloomberg News, Published on 30/05/2024

» The Bank of Thailand (BoT) defended its goal to keep inflation within a band of 1% to 3% as "appropriate" for the prevailing economic conditions, after the government sought a review over concerns the current target may be too low.

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GENERAL

Govt plans Asia's first sovereign sustainability-linked bond

Bloomberg News, Published on 29/05/2024

» The government plans to sell as much as US$1.1 billion of baht-denominated sustainability-linked bonds (SLBs) in the fourth quarter, in what looks set to be the first such offering from an Asian government.

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THAILAND

Thailand working ‘relentlessly’ to solve Myanmar crisis - Srettha

Bloomberg News, Published on 24/05/2024

» TOKYO: Thailand is "working relentlessly" to bring an end to the crisis in neighbouring Myanmar where rebel groups have been clashing with the military-government, according to Prime Minister Srettha Thavisin.

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GENERAL

Singapore Air staff score almost eight months’ salary as bonus

Bloomberg News, Published on 16/05/2024

» SINGAPORE - Singapore Airlines Ltd will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.

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WORLD

Malaysian ex-PM's wife sued over $346m of luxury goods

Bloomberg News, Published on 11/05/2024

» KUALA LUMPUR - 1Malaysia Development Bhd (1MDB) is among companies that are suing the wife of former Malaysian prime minister Najib Razak for allegedly obtaining over US$346 million worth of luxury goods through misappropriated funds.

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WORLD

Solar storm brings dazzling aurora, threatens power grids

Bloomberg News, Published on 11/05/2024

» LOS ANGELES - A severe solar storm this weekend brought a dazzling display of the Northern Lights that could be seen across Europe and as far south as Alabama in the United States, while threatening to trigger blackouts and disrupt navigation systems around the world.