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BUSINESS

IEAT schedules kick off for SEZs in Songkhla, Sa Kaeo

Business, Lamonphet Apisitniran, Published on 21/02/2020

» The Industrial Estate Authority of Thailand (IEAT) expects to begin operations of two special economic zones (SEZs) in Songkhla and Sa Kaeo by 2020.

BUSINESS

Fetco urges state to simplify stimulus

Business, Nuntawun Polkuamdee, Published on 21/02/2020

» The government should bundle different stimulus measures into one package and increase the budget deficit to address short-term challenges and enhance investor confidence, says the Federation of Thai Capital Market Organisations (Fetco).

BUSINESS

Osmep requests expanded credit guarantees for SMEs

Business, Chatrudee Theparat, Published on 21/02/2020

» The Office of Small and Medium Enterprises Promotion (Osmep) has proposed that the cabinet expand credit guarantee coverage for small and medium-sized enterprises to as much as 50%, up from 40% now.

BUSINESS

CRC inches lower in first day of trading

Business, Darana Chudasri, Published on 21/02/2020

» The share price of SET-listed Central Retail Corporation Plc (CRC) edged lower during the first day of trade for Thailand's biggest-ever equity IPO by market cap amid sentiment blighted by the coronavirus epidemic.

BUSINESS

Soft drink war fizzes as Pepsi, Est duke it out

Business, Pitsinee Jitpleecheep, Published on 21/02/2020

» Thailand's 56-billion-baht carbonated soft drink war is heating up, with Pepsi and Est competing head-on to win market share.

BUSINESS

Onyx keeps long-term plans in sight amid chaos

Business, Dusida Worrachaddejchai, Published on 21/02/2020

» Onyx Hospitality Group, a unit of Italthai Group, is embracing the difficulties of the ongoing crisis by focusing on a long-term strategy to expand its hotel footprint in Thailand and Asia.

BUSINESS

BIG readies tech to deal with drought

Business, Yuthana Praiwan, Published on 21/02/2020

» Bangkok Industrial Gas Co (BIG) plans to use an oxidation technology to reuse water at a petrochemical complex in Map Ta Phut, Rayong to deal with the drought.

BUSINESS

Grab targets lending of B3bn to drivers, partners

Business, Suchit Leesa-nguansuk, Published on 21/02/2020

» Grab Financial Group, an arm of super app Grab, aims to provide loans worth 3 billion baht to 100,000 households of its driver and merchant partners this year.

BUSINESS

The U.S.'s Next Trade War? As China Clash Cools, Conflict With India Looms

Business, Greg Ip, Published on 21/02/2020

» You may have missed it amid headlines of the U.S. trade war with China, but a low-intensity trade conflict with Asia's other emerging giant is also smoldering. It began a year ago when the U.S. stripped India of special low-tariff status over claims it discriminated against American companies. India responded by implementing tariffs it had previously threatened over U.S. steel duties.

BUSINESS

Victoria's Secret to Go Private at $1.1 Billion Valuation

Business, Khadeeja Safdar & Cara Lombardo, Published on 21/02/2020

» L Brands Inc. is near a deal to sell control of Victoria's Secret to a private-equity firm in a transaction that values the lingerie brand at about $1.1 billion, according to people familiar with the matter.