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GENERAL

Brazil sugar losses make Thai, Indian supply more important

Bloomberg News, Published on 26/09/2024

» Brazil's wildfires and drought that rattled the global sugar market have put the onus on Thailand and India to cover lost supplies. But both have offered recent reminders that they too face their own risks.

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GENERAL

AI model 'better' at pricing currencies than humans

Bloomberg News, Published on 25/09/2024

» LONDON - ING Groep NV is starting to use artificial intelligence (AI) to price currencies, replacing a job traditionally performed manually by the bank's traders.

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GENERAL

Baht rises to strongest since March 2022 amid exporters worries

Bloomberg News, Published on 25/09/2024

» The baht gained to its strongest level in 30 months as Chinas stimulus boosted risk assets globally, adding pressure on the Bank of Thailand (BoT) to act to curb its rally.

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WORLD

Singapore ex-minister pleads guilty to bribery

Bloomberg News, Published on 24/09/2024

» Singapore’s former transport minister has pleaded guilty to bribery charges after the city-state's prosecution amended the indictment against him, a surprising twist to the biggest political scandal in nearly four decades.

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GENERAL

Bank of Thailand stresses independence

Bloomberg News, Published on 20/09/2024

» Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on Friday stressed the need for central bank independence in setting monetary policy amid a lengthy disagreement with the government over whether or not interest rates should be cut to support the economy.

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THAILAND

Thailand unveils new bill to regulate cannabis while keeping it legal

Bloomberg News, Published on 20/09/2024

» Thailand has proposed a new bill to regulate its cannabis industry and restrict marijuana uses to primarily health and medical purposes, the latest effort to rein in recreational smoking after several policy U-turns. 

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GENERAL

Baht’s biggest rally since 1998 threatens tourism, exports

Bloomberg News, Published on 20/09/2024

» Thailand's baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation's key tourism and export industries.

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PROPERTY

Thai scion bets US-China feud will ease Bangkok property glut

Bloomberg News, Published on 19/09/2024

» Frasers Property Limited, controlled by Thailand's richest man, is banking on US-China tensions to help reduce an oversupply of office space that has plagued the country's capital.

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WORLD

X bypasses Brazil ban though software update

Bloomberg News, Published on 19/09/2024

» BRASILIA - Elon Musk’s X skirted a ban of the social media network in Brazil though an automatic update of its software, an association of Brazilian internet providers said Wednesday.

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WORLD

Vietnam tycoon faces second fraud trial after death sentence

Bloomberg News, Published on 19/09/2024

» HANOI - The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief's determination to press ahead with a crackdown on corruption.