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BUSINESS

Most Asian markets up but trade fears stalk investors

AFP, Published on 08/08/2018

» HONG KONG: Asian markets mostly rose Wednesday, building on a positive start to the week as investors are cheered by healthy earnings but uncertainty caused by the US-China trade row is keeping optimism in check.

BUSINESS

US tariffs on Chinese goods to hit $50bn Aug 23: USTR

AFP, Published on 08/08/2018

» WASHINGTON: The first round of President Donald Trump's punitive tariffs on China will hit the full US$50 billion in goods starting Aug 23, the government announced Tuesday.

BUSINESS

BMW expanding EV assembly

Business, Piyachart Maikaew, Published on 08/08/2018

» BMW Group Thailand is ready to expand local assembly of electric vehicles (EVs) after the German carmaker was granted investment privileges by the Board of Investment (BoI) on July 25.

BUSINESS

NCH to expand under EEC

Business, Lamonphet Apisitniran, Published on 08/08/2018

» NCH Thailand has budgeted US$1 million (33.2 million baht) for 2019 to expand its chemical plant in Chachoengsao province after seeing an uptick in demand from industrial plants because of the government's flagship Eastern Economic Corridor (EEC) scheme.

BUSINESS

Parts retailer Burson sets up Thai shop to fill market void

Business, Published on 08/08/2018

» Burson, a leading Australian auto parts supplier, is to open its first store outside Australia in Bangkok, in partnership with the Sammitr Group.

BUSINESS

CBRE tracks Phuket's evolution as a top destination

Business, Published on 08/08/2018

» With 8.4 million visitors in 2017 alone, Phuket is Thailand's most popular island destination. Visitors numbers have broken records for the fourth straight year. Over the decades, the island has undergone significant developments before transforming into what it is today.

BUSINESS

New Nordic: Thailand steady amid storm

Business, Published on 08/08/2018

» Thailand is well positioned to weather economic turmoil despite tariff scares and the US Federal Reserve's monetary tightening policy, says hospitality firm New Nordic Group.

BUSINESS

Tesla boss Musk tweets he may go private

AFP, Published on 08/08/2018

» NEW YORK: Controversial Tesla Chief Executive Elon Musk said Tuesday he was considering taking the company private, sending shares sharply higher before trading was halted.

BUSINESS

Australian packaging giant Amcor in $6.8 bn takeover of US rival Bemis

AFP, Published on 07/08/2018

» SYDNEY - Australian firm Amcor announced a $6.8 billion buyout of US rival Bemis Tuesday to become the world's largest plastic packaging group, and will shift its primary listing to the New York Stock Exchange.

BUSINESS

EEC land ownership laws awaited by firms

Business, Kanana Katharangsiporn, Published on 07/08/2018

» Property investors and condo buyers from overseas are awaiting clarity on Eastern Economic Corridor (EEC) regulations that will allow 100% foreign property ownership, according to a property consultant.