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BUSINESS

Baht posts biggest gain in a week

Published on 11/07/2023

» The baht and the South Korean won led gains among Asian currencies in an overall positive session on Tuesday as the dollar lost ground after US Federal Reserve officials signalled their rate-tightening cycle was nearing its end.

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BUSINESS

Foxconn exits $19.4bn chip deal in India

AFP, Published on 11/07/2023

» TAIPEI" Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday.

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BUSINESS

UK water crisis pollutes privatisation legacy

AFP, Published on 11/07/2023

» LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.

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BUSINESS

Rice soars to two-year high in Asia

Bloomberg News, Published on 11/07/2023

» Rice prices in Asia have surged to the highest level in more than two years as importers build up stockpiles on fears that the onset of El Niño will parch plantations and damage crops.

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BUSINESS

CKPower Unveils 5-Year Strategic Plan for Sustainability, Makes Thaipat's ESG100 List for Two Consecutive Years

Published on 12/07/2023

» CK Power Public Company Limited, also known as CKPower (SET: CKP), is one of the largest renewable energy producers in the region with a remarkably low carbon footprint. The company has been chosen by Thaipat Institute for its ESG100 list (Environmental, Social, and Governance) for the second year in a row. ESG100 is a crucial index in Thailand's capital market that ranks listed companies based on their sustainability performance.

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BUSINESS

Banpu expands in Texas

Yuthana Praiwan, Published on 11/07/2023

» SET-listed Banpu Power (BPP), the power generation arm of the energy conglomerate Banpu Plc, has completed a 16-billion-baht buyout of the Temple II gas-fired power plant in Texas to strengthen its power business in the United States.

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BUSINESS

Malaysia seeks to revive high-speed rail line

Published on 11/07/2023

» KUALA LUMPUR: Malaysia is seeking proposals from private companies to develop a high-speed railway between Kuala Lumpur and Singapore, reviving a multi-billion-dollar project called off more than two years ago.

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BUSINESS

Bangkok Post among 300 victims of ransomware attack

Suchit Leesa-nguansuk, Published on 12/07/2023

» The Bangkok Post website was inaccessible for most of Wednesday, along with the sites of hundreds of other internet service users, due to a rare ransomware attack, according to its long-standing service provider.

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BUSINESS

SET requires update from Nusasiri as auditor baulks

Business, Nuntawun Polkuamdee, Published on 12/07/2023

» The Stock Exchange of Thailand (SET) is warning investors to study Nusasiri Plc (NUSA) investment information carefully after its auditor raised an issue about the complexity of the structure of a hotel Nusasiri intended to buy, as well as its business licence in Germany.

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BUSINESS

Premier delay will affect fiscal budget

Business, Phusadee Arunmas, Published on 12/07/2023

» The implementation of the fiscal 2024 budget, starting on Oct 1, will be delayed if the new prime minister and government are not appointed within this month, according to the Budget Bureau.