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LIFE

Chinatowns feel pinch of coronavirus

Business, AFP, Published on 19/02/2020

» MELBOURNE: Normally bustling century-old Chinatowns from Melbourne to San Francisco have fallen quiet and businesses are struggling to survive as fears over the deadly novel coronavirus outbreak ripple around the world.

BUSINESS

Toshiba, Mitsubishi brave poor prospects

Business, Pitsinee Jitpleecheep, Published on 20/02/2020

» Two electrical appliance companies -- Toshiba and Mitsubishi -- remain upbeat about their prospects despite tough competition and myriad negative factors including the deadly virus outbreak, the domestic economic slowdown and widespread drought.

BUSINESS

CRC prices IPO with eye on uncertainty

Business, Pathom Sangwongwanich and Nuntawun Polkuamdee, Published on 20/02/2020

» Central Retail Corporation Plc (CRC), Thailand's biggest retailer and the retail arm of Central Group, will debut its first trading equity for Thailand's largest-ever market capitalisation today in the hope that foreign cornerstone investors will help cushion against tepid market sentiment.

BUSINESS

Japanese cancel tours en masse

Business, Narumon Kasemsuk and Dusida Worrachaddejchai, Published on 20/02/2020

» Thai tourism has been dealt another massive blow after 80% of Japanese tour groups cancelled packages to Thailand, prompting tour operators to urge airlines to reduce frequency of flights. Thais travelling to Japan have also dropped by 20%.

BUSINESS

Franklin Resources to Buy Legg Mason for $4.5 Billion

Business, Justin Baer & Cara Lombardo, Published on 20/02/2020

» Franklin Resources Inc. agreed to buy rival asset manager Legg Mason Inc. for $4.5 billion in cash, a deal that could help two big players in an industry that is under pressure from shifting investor tastes.

BUSINESS

GH Bank urges larger home pool

Business, Wichit Chantanusornsiri, Published on 20/02/2020

» State-owned GH Bank is set to propose the Finance Ministry raise the ceiling price of homes entitled to the bank's low-rate mortgages under the government's 1-million-unit budget residential scheme to 1.2 million baht per unit from 1 million, but the new maximum will be restricted to those located in Greater Bangkok.

BUSINESS

Ratch aims to close 5 deals in 2020

Business, Yuthana Praiwan, Published on 20/02/2020

» SET-listed private power producer Ratch Group Plc plans to form new joint ventures and acquire more assets, expecting to close at least five deals in 2020.

BUSINESS

GPSC allots B1.1bn for batteries

Business, Yuthana Praiwan, Published on 20/02/2020

» Global Power Synergy Plc (GPSC) is developing the country's first production plant for semi-solid batteries in Map Ta Phut, Rayong, with a project worth 1.1 billion baht.

BUSINESS

Bed Bath & Beyond Boss Tries to Declutter Its Stores

Business, Suzanne Kapner, Published on 20/02/2020

» Bed Bath & Beyond Inc.'s new chief executive, Mark Tritton, laid out his vision for remaking the troubled retailer. Decluttering stores is high on his list.

BUSINESS

MPC minutes outline possible weakness in financial system

Business, Somruedi Banchongduang, Published on 20/02/2020

» The poorer debt serviceability seen earlier among small businesses is spilling over to medium-sized enterprises, suggesting more vulnerabilities in the financial system, according to the Monetary Policy Committee (MPC) meeting minutes from earlier this month.