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BUSINESS

Gable expecting IPO to underpin expansion drive

Business, Sirinnaree Ongsakul, Published on 25/04/2023

» Thai tech enabler Gable is planning to raise funds from the Stock Exchange of Thailand (SET) for future expansion, with the aim of driving the digital transformation market globally.

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BUSINESS

Wice aims to raise funds for subsidiary via MAI listing

Business, Sirinnaree Ongsakul, Published on 20/04/2023

» SET-listed Wice Logistics is preparing to list subsidiary Euroasia Total Logistics (ETL) on the Market for Alternative Investment (MAI) to raise funds to expand its cross-border logistics business between Europe and Asia.

BUSINESS

Asia-Pacific companies lagging on ESG

Business, Sirinnaree Ongsakul, Published on 21/04/2023

» Less than 30% of companies in Asia-Pacific incorporate environmental, social and governance (ESG) factors into their goals and key performance indicators, even though more than half of them claim the issue is critical to their long-term success, according to a recent survey.

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BUSINESS

Region's state debt reaches 18-year high

Business, Sirinnaree Ongsakul, Published on 18/04/2023

» The average government debt level in Asia-Pacific is at an 18-year high, with most developing economies in the region trying to stabilise it at current levels by 2027, according to recent research.

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BUSINESS

Southeast Asia struggles to hit ESG goals

Business, Sirinnaree Ongsakul, Published on 19/04/2023

» Most Southeast Asian nations face risks to their environmental, social and governance (ESG) performance as the aftermath of the pandemic slows the process, according to a recent report.

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BUSINESS

OECD predicts SE Asian growth to decline

Business, Sirinnaree Ongsakul, Published on 10/04/2023

» Economic growth in Southeast Asia is forecast to drop from 5.6% in 2022 to 4.6% this year, pressured by weaker demand as the global economy slows, says the Organisation for Economic Co-operation and Development (OECD).

BUSINESS

'Downside risks' for Asean+3

Business, Sirinnaree Ongsakul, Published on 11/04/2023

» Soaring energy prices and a stalling US economy have emerged as potential downside risks that could dampen growth in Asean+3 economies, according to the Singapore-based Asean+3 Macroeconomic Research Office (Amro).

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BUSINESS

BVG partners with Cambodian firm

Business, Sirinnaree Ongsakul, Published on 12/04/2023

» Blue Venture Group (BVG), Thailand's leading insurance platform provider, is partnering with a Cambodian reinsurance firm to launch an insurtech joint venture expected to start operating in the second half of this year.

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BUSINESS

Region told to rev up decarbonisation

Business, Sirinnaree Ongsakul, Published on 07/04/2023

» Southeast Asia needs to accelerate decarbonisation of its global value chains (GVCs) as the region could face up to a 30% loss of GDP annually by 2100 due to climate change, according to the Asian Development Bank (ADB).

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BUSINESS

ADB gauges 2023 growth rate at 3.3%

Business, Sirinnaree Ongsakul, Published on 05/04/2023

» Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).