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BUSINESS

Strong US jobs growth dents hopes for rate cut

Reuters, Published on 07/06/2024

» Global stocks retreated from all-time highs on Friday and US government debt yields jumped after unexpectedly strong US jobs data doused hopes the Federal Reserve would soon follow the euro zone and Canada in cutting interest rates.

BUSINESS

Rivals Cathay Pacific, Singapore Airlines team up to source sustainable aviation fuel

South China Morning Post, Published on 07/06/2024

» HONG KONG: Cathay Pacific and Singapore Airlines (SIA), two of Asia's top aviation firms, have tied up to promote the use of sustainable aviation fuel (SAF) in the region, a critical initiative for a sector which is facing decarbonisation challenges.

BUSINESS

FrieslandCampina Executives on Asia's Product Development

Published on 07/06/2024

» FrieslandCampina, manufacturer and distributor of high-quality dairy product brands namely Foremost, Falcon, and Debic, unveils the executives’ thoughts featuring Mr. Jan Derck van Karnebeek, CEO, and Ms. Corine Tap, Asia President, on the organisational management framework and product development in response to market demand, as well as their commitment to sustainable development, addressing the quality of milk as good nutrition for people around the globe. On this occasion, FrieslandCampina executives visit Thailand aiming to explore the market and gain new insights among consumers in the region.

BUSINESS

Suzuki to stop making cars in Thailand to focus on EV shift

Bloomberg News, Published on 07/06/2024

» Suzuki Motor Corp will halt production of cars and trucks in Thailand by the end of next year to focus resources on producing electric and hybrid vehicles elsewhere, the company said Friday.

BUSINESS

King endorses new commerce perm sec, NESDC board

Online Reporters, Published on 07/06/2024

» His Majesty the King has approved the appointments of the new permanent secretary for commerce and the new board of the National Economic and Social Development Council (NESDC).

BUSINESS

Europe, US 'fearful' of Chinese EVs

Bloomberg News, Published on 07/06/2024

» CHONGQING - Foreign countries are “afraid” of Chinese electric vehicles (EVs), BYD (Build Your Dreams) Co Chairman Wang Chuanfu said in a swipe at European and United States efforts to constrain imports of China-made cars.

BUSINESS

Bitcoin ETFs post longest run of inflows as token nears record

Bloomberg News, Published on 07/06/2024

» MUMBAI - United States exchange-traded funds investing directly in Bitcoin attracted net inflows for an unprecedented 18th straight day, a spurt of demand that has helped to lift the largest digital asset toward a record high.

BUSINESS

Headline inflation up 1.54%, above forecast

Reuters, Published on 07/06/2024

» Thailand's headline consumer price index (CPI) rose 1.54% in May from a year earlier, after the previous month's annual rise of 0.19%, the Commerce Ministry said on Friday.

BUSINESS

Minister reinforces push for speedier negotiations

Business, Phusadee Arunmas, Published on 07/06/2024

» Deputy Commerce Minister Suchart Chomklin has directed the Trade Negotiations Department to accelerate free trade agreement (FTA) negotiations with other nations.

BUSINESS

Applied DB banks on biodegradable bags

Business, Yuthana Praiwan, Published on 07/06/2024

» Biodegradable plastic sales are expected to help loss-ridden Applied DB, a local polyvinyl chloride (PVC) and adhesive maker, improve its business performance as the MAI-listed company starts selling the products this year.