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BUSINESS

Gap apologises for 'incorrect' Chinese map on T-shirts

Kyodo News, Published on 15/05/2018

» HONG KONG: US clothing retailer Gap apologised late Monday for selling T-shirts with an "incorrect" map of China, after it became the latest among foreign companies that China has taken offence with in relation to its territorial claims.

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BUSINESS

Firms scramble to comply with digital asset decree

Business, Published on 15/05/2018

» With a royal decree governing digital asset transactions taking effect Monday, companies and digital exchanges are preparing themselves to comply with the registration process, with an executive requesting the government establish an official digital exchange platform.

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BUSINESS

EEC Act in force after long delay

Business, Lamonphet Apisitniran, Published on 15/05/2018

» The much-awaited Eastern Economic Corridor (EEC) Act was finally published in the <i>Royal Gazette</i> Monday after a seven-month delay.

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BUSINESS

Foreigners keen on buying city offices

Business, Kanana Katharangsiporn, Published on 15/05/2018

» Foreign investors are eager to acquire office buildings in Bangkok because of a shortage of new supply, very low vacancy rates and an increase in rents, says property consultant JLL Thailand.

BUSINESS

2 developers buoyed by presale boost

Business, Kanana Katharangsiporn, Published on 15/05/2018

» Low-rise houses have helped presales growth at two SET-listed property developers -- AP (Thailand) and Sansiri Plc -- leading the former to revise the number of its new low-rise housing project launches this year.

BUSINESS

Beat AI or die: Plan to save jobs

Business, Suchit Leesa-nguansuk, Published on 15/05/2018

» Thailand Development Research Institute (TRDI) has urged the government to develop a strategy for artificial intelligence (AI) to stimulate the economy on a long-term basis and build a better-equipped future workforce.

BUSINESS

Phatra targets AUM hike to B100bn-plus

Business, Darana Chudasri, Published on 15/05/2018

» Phatra Asset Management targets its assets under management (AUM) to exceed 100 billion baht this year, driven by private fund business, which posted rapid growth in line with the whole industry last year.

BUSINESS

SCN secures Green Earth stake to go solar in Myanmar

Business, Post Reporters, Published on 15/05/2018

» SET-listed Scan Inter Plc (SCN), a natural gas trader and operator of compressed natural gas (CNG) stations, has purchased shares of Green Earth Power Thailand Co to operate a solar power plant in Myanmar.

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BUSINESS

Thai AirAsia parent's Q1 profit jumps 76%

Business, Pathom Sangwongwanich, Published on 15/05/2018

» SET-listed Asia Aviation Plc (AAV), a major shareholder of Thai AirAsia Co Ltd (TAA), has reported a 76% year-on-year rise in its first-quarter net profit, buoyed by strong growth in number of passengers carried, high demand during peak season and the baht appreciation.

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BUSINESS

Central Watson vows growth

Business, Pitsinee Jitpleecheep, Published on 15/05/2018

» Central Watson Co, the operator of Watsons health and beauty stores, has vowed to allocate 600 million baht this year to expand its business in Thailand.