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BUSINESS

FPO mulls cutting tax revenue target

Business, Wichit Chantanusornsiri, Published on 01/08/2020

» The Fiscal Policy Office (FPO) is mulling a revision of this year's tax revenue target of 2.87 trillion baht because of the coronavirus crisis.

BUSINESS

Thai Life Assurance Association seeks rider leeway

Business, Darana Chudasri, Published on 01/08/2020

» The Thai Life Assurance Association (TLAA) is requesting more flexibility from the insurance regulator to sell health protection and critical illness (CI) riders, a segment that saw 10% sales growth in the first six months of 2020.

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BUSINESS

Minor Food upbeat about local sales

Business, Pitsinee Jitpleecheep, Published on 01/08/2020

» Minor Food Group Plc expects sales in Thailand to return to normal by the end of this year.

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BUSINESS

Australia Unveils Its Plan to Make Facebook and Google Pay for News

Business, Published on 01/08/2020

» Media companies in Australia will be able to seek payment from Facebook Inc. and Alphabet Inc.'s Google for news articles that are posted on their platforms, according to new rules, which could set a precedent for other countries seeking to compel tech giants to compensate local publishers.

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BUSINESS

Q2 contraction poised to hit 13%

Business, Somruedi Banchongduang, Published on 01/08/2020

» Thailand's second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand.

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BUSINESS

Gilead Raises 2020 Profit Outlook on Remdesivir Demand

Business, Published on 01/08/2020

» Gilead Sciences Inc. expects sales of its Covid-19 drug remdesivir to help lift its full-year revenue by as much as $2.8 billion in 2020, offsetting the negative impact of the pandemic on some of its other medicines.

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BUSINESS

Hundreds shocked to find themselves out of a job

News, Published on 01/08/2020

» More than 1,000 people at two companies have lost their jobs due to the ailing economy.

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BUSINESS

Rolling with the punches until jabs arrive

Business, Kanana Katharangsiporn, Published on 01/08/2020

» Afull recovery from the coronavirus crisis is unlikely until there is a vaccine for Covid-19, according to a local property veteran.

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BUSINESS

Siam Piwat accepts pandemic challenge

Business, Pitsinee Jitpleecheep, Published on 01/08/2020

» With the pandemic blowing away almost all businesses across the world including the domestic retail market, Chadatip Chutrakul, chief executive of Siam Piwat, the operator of Siam Paragon, Siam Center, Siam Discovery and Iconsiam, thoroughly expects nothing to be the same in Thailand's 3.6 trillion baht retail landscape because consumer behaviour has completely changed.

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BUSINESS

IT, cybersecurity defy tight budgets

Business, Suchit Leesa-nguansuk, Published on 01/08/2020

» Despite tight budgets due to the pandemic, investment in IT and cybersecurity systems continues to grow in Thailand, driven by accelerated digital transformations and changes in cyber-attack patterns, says Palo Alto Networks, a global cybersecurity service provider.