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BUSINESS

Virus panic pushes SET off a ledge

Business, Darana Chudasri, Nuntawun Polkuamdee & Pathom Sangwongwanich, Published on 27/02/2020

» Thailand's benchmark equity index tumbled to its biggest one-day loss since 2014, plunging below 1,400 points as rising local coronavirus infections shattered already fragile investment sentiment.

BUSINESS

CPN ready for 44% more malls

Business, Pitsinee Jitpleecheep, Published on 27/02/2020

» Central Pattana (CPN), the SET-listed property and retail developer under Central Group, looks set to allocate 115 billion baht to expand business during 2020-24.

BUSINESS

AAV posts net loss of B72m in last quarter of 2019

Business, Published on 27/02/2020

» Asia Aviation Plc (AAV), the major shareholder of Thai AirAsia Co (TAA), recorded heavy losses in the fourth quarter of 2019 with a net loss of 72 million baht on revenue of 10.3 billion, a 73% year-on-year setback in net loss.

BUSINESS

Rubberwood burnt the most by virus

Business, Phusadee Arunmas, Published on 27/02/2020

» The Thai rubberwood industry is among the hardest hit by the impact of the recent coronavirus epidemic, as exports to China have been halted because of the risk of exposure.

BUSINESS

Operators banking on huge discounts

Business, Dusida Worrachaddejchai and Narumon Kasemsuk, Published on 27/02/2020

» Outbound tour operators are offering extraordinarily cheap tour packages to South Korea and Japan as a way to cut losses from the coronavirus outbreak amid fears that returnees could carry the virus back home.

LIFE

Virus a plus for online sellers

Business, Suchit Leesa-nguansuk, Published on 27/02/2020

» The ongoing coronavirus outbreak could lead to the increase in online shopping among Thai customers for fear of contracting the illness in public, according to Facebook Thailand.

BUSINESS

Experts say social media engagement is ripe for ads

Business, Suchit Leesa-nguansuk, Published on 28/02/2020

» Social media use in Thailand has reached maturity, but engagement is still on the rise with about 7.2 billion messages recorded throughout last year, according to social media pundits.

BUSINESS

BDMS makes takeover offer for BH

Business, Lamonphet Apisitniran & Phusadee Arunmas, Published on 28/02/2020

» Bangkok Dusit Medical Services Plc (BDMS) has launched a voluntary tender offer for all shares of Bumrungrad Hospital Plc (BH) at 125 baht each, with the price not exceeding 20% of the offering price.

BUSINESS

U.S. Companies in China Warn 2020 Revenue Could Halve If Coronavirus Persists

Business, Julie Wernau, Published on 28/02/2020

» Some American companies say they could lose as much as half their annual revenue from China if the coronavirus epidemic extends through the summer, as businesses struggle to get boots back on the ground amid travel restrictions and shortages of basic protective gear.

BUSINESS

AP turns to low-rise houses

Business, Kanana Katharangsiporn, Published on 28/02/2020

» SET-listed housing developer AP Thailand plans for low-rise houses to drive sales this year, preparing to launch 32 new projects worth a combined 47.2 billion baht and aiming for 33.5 billion in presales.