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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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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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GENERAL

Singapore Air’s budget brand Scoot axed flights on parts shortage

Bloomberg News, Published on 10/05/2024

» Scoot, the budget carrier arm of Singapore Airlines, cited a parts shortage for its recent cancellation of dozens of flights.

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GENERAL

Thai drinks firm plans Singapore IPO for coconut water exporter

Bloomberg News, Published on 07/05/2024

» Thai drinks maker General Beverage Co Ltd is planning a Singapore initial public offering (IPO) for a unit that distributes its brands including IF coconut water overseas, according to people familiar with the matter.

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GENERAL

Visa waiver extended for Indians, Taiwanese

Bloomberg News, Published on 07/05/2024

» The cabinet has approved a plan to extend visa exemptions for tourists from India and Taiwan for six more months, as the country seeks to boost the number of foreign arrivals to shore up the sluggish economy.

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GENERAL

Suvarnabhumi, Don Mueang set for $4.8bn expansion

Bloomberg News, Published on 30/04/2024

» The operator of Thailand's two main airports plans to spend about US$4.8 billion to more than double capacity by the end of the decade to cope with a surge in post-coronavirus-pandemic tourism.

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GENERAL

Dirtier and heavier oil in demand as market shifts

Bloomberg News, Published on 22/04/2024

» SINGAPORE - Oil that is more sulphurous and dense is gaining popularity in the Asian physical market in a rare shift away from the usual pattern as global crude flows change and rewards from refining move in its favour.

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GENERAL

Central bank rate decision puts spat with PM in spotlight

Bloomberg News, Published on 09/04/2024

» As the Bank of Thailand (BoT) prepares to review monetary policy settings on Wednesday, investors will be watching for any sign that Prime Minister Srettha Thavisin’s relentless campaign for rate cuts is influencing the central bank.

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GENERAL

Srettha weighs funding options for digital handout

Bloomberg News, Published on 27/03/2024

» Prime Minister Srettha Thavisin said on Wednesday the economy had problems and needed a boost from a signature handout scheme worth 500 billion baht (US$13.7 billion), for which he was weighing options for funding.