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BUSINESS

Farmers hit by drought get B3.12bn

Business, Chatrudee Theparat, Published on 25/02/2020

» The cabinet on Monday approved a 3.12-billion-baht aid package to help farmers hurt by drought.

BUSINESS

SEC aid for green issuers joining LGX

Business, Nuntawun Polkuamdee, Published on 25/02/2020

» The Securities and Exchange Commission (SEC) plans to provide support for Thai green bonds that plan to list on the Luxembourg Green Exchange (LGX) as part of a plan to facilitate long-term sustainable growth in finance.

BUSINESS

Drought to hike prices of tapioca

Business, Phusadee Arunmas, Published on 25/02/2020

» Tapioca prices are expected to rise thanks to widespread drought, which cut production in certain areas in the country by 30%, with lower production in neighbouring countries also anticipated because of the drought and the cassava mosaic disease.

BUSINESS

Intuit Near Deal to Buy Credit Karma for $7 Billion

Business, Cara Lombardo & Dana Cimilluca, Published on 25/02/2020

» Intuit Inc. is nearing a deal to buy personal-finance portal Credit Karma Inc. for about $7 billion in cash and stock, in a move that would push the bookkeeping-software giant further into consumer finance, according to people familiar with the matter.

BUSINESS

Google Plots Course to Overtake Cloud Rivals

Business, Aaron Tilley, Published on 25/02/2020

» Google's decision to cut jobs at its cloud-computing division is the latest move in a yearlong effort by Thomas Kurian to shake up the unit and put greater focus on delivering growth to parent Alphabet Inc.

BUSINESS

GH Bank sees January spike in mortgage loans

Business, Wichit Chantanusornsiri, Published on 25/02/2020

» GH Bank's mortgage lending has shot up since January to 12 billion baht, attributed to more loan applicants being rejected by commercial banks and shifting to the state-owned bank, its chief says.

BUSINESS

Krungsri Research lowers growth to 1.5%

Business, Somruedi Banchongduang, Published on 25/02/2020

» Bank of Ayudhya's (BAY) research house Krungsri Research has lowered its forecast for economic growth this year to 1.5% from 2.5% because of the damage from the Covid-19 outbreak, the delayed fiscal budget and the drought.

BUSINESS

Mild growth in sight for 2020

Business, Phusadee Arunmas, Published on 25/02/2020

» The government remains upbeat on overall exports staying positive this year despite myriad negative factors, including the deadly coronavirus outbreak.

BUSINESS

AWS offers super-low latency services

Business, Suchit Leesa-nguansuk, Published on 25/02/2020

» Amazon Web Services (AWS), the cloud service arm of Amazon, is riding the 5G adoption wave by offering services that embed computers and services at the edge of a mobile operator's 5G network to serve developers building apps that require super-low latency.

BUSINESS

BIG pins growth prospects on lower spot prices

Business, Yuthana Praiwan, Published on 25/02/2020

» Bangkok Industrial Gas (BIG), Thailand's largest industrial gas maker, forecasts the liquefied natural gas (LNG) trade will grow significantly during 2020-21 thanks to lower prices across spot markets globally.