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BUSINESS

aCommerce listing seen spicing up the market

Business, William Hicks, Published on 23/10/2021

» Amidst a flagging economy and an increasingly desperate pandemic situation, Thai investors are seeking initial public offerings emblematic of the new Covid economy -- companies able to withstand extended lockdown measures and even thrive from changing consumer habits.

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BUSINESS

The rise and rerise of SPACs

Business, William Hicks, Published on 22/09/2021

» The Covid era has spawned a number of counter-intuitive investment products and strategies, making the sudden resurgence of special-purpose acquisition companies (SPACs) not only unsurprising, but very on-brand for the times.

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BUSINESS

In-game advertiser NextPlay eyes AI, crypto payments

Business, William Hicks, Published on 08/09/2021

» Thai digital advertising company NextPlay Technologies has made a number of big-money acquisitions this year in a bid to integrate payments and artificial intelligence (AI) into its existing in-game advertising system, its chief executive said.

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BUSINESS

Hutchison Ports records 10% increase in cargo volumes

Business, William Hicks, Published on 28/08/2021

» Hutchison Ports Thailand (HPT), a port operator at Laem Chabang Port, reported a 10% year-on-year increase in cargo volume in the first half of this year.

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BUSINESS

The curious case of Binance

Business, William Hicks, Published on 02/08/2021

» Despite Thai regulators filing a criminal complaint this month against Binance -- the world's largest digital asset exchange -- for operating without a licence, many users are determined to keep trading on the site and doubt the government's ability to prevent them from doing so.

BUSINESS

IMF advances targeted intervention

Business, William Hicks, Published on 28/07/2021

» Thailand should adopt more targeted measures to spur private demand and foster income redistribution such as increasing infrastructure, while avoiding any tapering of its policy rate before the economic recovery is well underway, says the head of the International Monetary Fund's (IMF) mission to Thailand.

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BUSINESS

Wine market licks its wounds following challenging period

Business, William Hicks, Published on 25/06/2021

» The wine market in Thailand has suffered numerous setbacks since the beginning of the pandemic, namely various alcohol restrictions, the banning of online sales, the lack of foreign tourists and an overall drop in consumer purchasing power, says Yodi Mootoosamy, general manager at Penfolds International.

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BUSINESS

Fighting back against exploitation

Business, William Hicks, Published on 04/06/2021

» As sharing economy tech companies plot major mergers and initial public offerings (IPOs) this year, they are running into problems in Thailand as the state, labour organisations and restaurateurs attempt to push back against the exploitation inherent in their business models.

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BUSINESS

Analyst urges local vaccine output

Business, William Hicks, Published on 05/05/2021

» It will take Thailand two years to reach herd immunity for Covid-19 at the current rate of vaccination, but if local vaccine production plans ramp up and vaccination rates increase, hope remains for a quicker timeline, according to a report by Deutsche Bank.

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BUSINESS

Unlikely trio to offer 'green deposits'

Business, William Hicks, Published on 17/04/2021

» HSBC Thailand has launched the country's first "green deposits" with petrochemical manufacturer Indorama Ventures (IVL) and 7-Eleven convenience store operator CP All, with the undisclosed deposit funds used for green projects such as renewable energy infrastructure and energy-efficient buildings.