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BUSINESS

Musk hands over made-in-China Teslas to early buyers in Shanghai

AFP, Published on 07/01/2020

» SHANGHAI: Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on Tuesday in a milestone for the company's new Shanghai "giga-factory", but which comes as sales decelerate in the world's largest electric-vehicle market.

BUSINESS

Thailand leads SE Asia stocks higher

Reuters, Published on 07/01/2020

» Thai shares led Southeast Asian equities higher on Tuesday as markets drew relief from the absence of any fresh escalations in the standoff between the United States and Iran.

BUSINESS

Singapore sees ‘strong interest’ in digital bank licences

Bloomberg News, Published on 07/01/2020

» SINGAPORE: Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licences, the financial regulator said.

BUSINESS

New BoT rules shine light on cost fairness

Somruedi Banchongduang, Published on 07/01/2020

» The Bank of Thailand is requiring financial institutions to adjust prepayment charges for small and medium-sized enterprise (SME) and personal loans, and late-payment fees for SME, personal and mortgage loans based on actual costs, with immediate effect.

BUSINESS

Nissan slams Ghosn's 'extremely regrettable' escape

AFP, Published on 07/01/2020

» TOKYO: Japanese automaker Nissan on Tuesday slammed former chief Carlos Ghosn for jumping bail, calling his escape "extremely regrettable" and vowing continued legal action against him for "various acts of misconduct".

BUSINESS

Central bank juggles interest rates, inflation and soaring baht

Reuters and Bloomberg, Published on 07/01/2020

» The central bank is mulling additional measures to curb the soaring baht and believes there is no need to raise its benchmark interest rate if inflation rises on supply-side shocks.

BUSINESS

Thai labour law year in review

Pimvimol Vipamaneerut, Dusita Khanijou and Auradee Pantumkomon Wongsaroj, Published on 07/01/2020

» In this first Human Resource Watch column of 2020, Tilleke & Gibbins' labour and employment lawyers take a look back at three of the most common issues that our clients have asked us about over the past year, including some of the most significant recent legal developments and applications that employers in Thailand have been facing.

BUSINESS

Thai-Chinese rail link gains steam

News, Post Reporters, Published on 07/01/2020

» The government expects to sign 'Contract 2.3', worth more than 50 billion baht, of the Thai-Chinese high-speed rail project linking Bangkok and Nakhon Ratchasima early next month, said Transport Minister Saksayam Chidchob on Monday.

BUSINESS

American Airlines reaches deal with Boeing on MAX losses

AFP, Published on 07/01/2020

» NEW YORK: American Airlines on Monday became the latest carrier to reach an agreement with Boeing on compensation to cover the financial losses connected to the 737 MAX grounding, which caused thousands of flights to be cancelled.

BUSINESS

FTI projects local steel sales uptick

Business, Lamonphet Apisitniran, Published on 07/01/2020

» Domestic demand in the steel market is expected to grow 3-4% this year to 18.9 million tonnes thanks to a boost from the construction and automotive sectors, says the Iron and Steel Industry Club under the Federation of Thai Industries (FTI).