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BUSINESS

Rupiah tumble shakes bourses

Business, Nuntawun Polkuamdee, Published on 06/09/2018

» Stock markets across Asia plunged on Wednesday, with the Stock Exchange of Thailand (SET) index falling by 1.6% as fears of mounting risks in emerging markets were exacerbated by the Indonesian rupiah slumping to a two-decade low.

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BUSINESS

Banks attempt to fix mobile system 'glitches'

Business, Somruedi Banchongduang, Published on 06/09/2018

» Banks have agreed to double the mobile banking transaction capacity during peak periods by year-end to prevent a future system crash after last week's so-called "technological glitch" that delayed millions of transactions.

BUSINESS

KTB scandal indictment postponed

News, Published on 06/09/2018

» Prosecutors have postponed Panthongtae Shinawatra's indictment for his alleged involvement in the multi-billion-baht Krungthai Bank (KTB) loan scandal.

BUSINESS

IWind board ousts CEO

Business, Nuntawun Polkuamdee, Published on 06/09/2018

» The board of directors of Inter Far East Wind International Co Ltd (IWind) removed the company's chief executive last month after a conflict regarding a fund transfer from IWind to its parent company, Inter Far East Energy Corporation Plc (IFEC).

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BUSINESS

GSMA advises speedy data law passage

Business, Suchit Leesa-nguansuk, Published on 06/09/2018

» The non-profit GSM Association (GSMA) has urged the government to speed up endorsement of data protection laws to enable the free flow of cross-border data, as Thailand risks losing competitiveness in the digital economy.

BUSINESS

Prayut orders rethink of SEZ investment target

Business, Chatrudee Theparat, Published on 06/09/2018

» Prime Minister Prayut Chan-o-cha yesterday mandated that the National Economic and Social Development Board (NESDB) and the Board of Investment (BoI) jointly revise the investment target for 10 special economic zones (SEZs) to make them more attractive to investors.

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BUSINESS

Innovation space being studied

Business, Lamonphet Apisitniran, Published on 06/09/2018

» The government is studying the feasibility of establishing the Thailand Innovation Space, expected to support and promote local startups and small and medium-sized enterprises (SMEs) accessing higher technology and innovation for the long term.

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BUSINESS

Daiwa pumping funds into two Thai joint ventures

Business, Kanana Katharangsiporn, Published on 06/09/2018

» Daiwa House Industry Co, one of Japan's largest homebuilders, will spend US$50-100 million on residential developments in Thailand over the next 5-10 years through joint ventures with SET-listed property firm Singha Estate Plc and its subsidiary.

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BUSINESS

B29.99 price cap on diesel effective immediately

Business, Yuthana Praiwan, Published on 06/09/2018

» The Energy Policy Administration Committee (Epac) is capping the retail diesel price at 29.99 baht per litre beginning Thursday on concerns over rising global oil prices in the past six months.

BUSINESS

JR Kyushu partners up for Bangkok condo project

Business, Published on 06/09/2018

» Kyushu Railway Co is entering the market for condominiums in Bangkok in response to steady demand from middle-income earners in the suburbs.