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BUSINESS

Senior executive calls for orderly Chinese expansion in Southeast Asian market

South China Morning Post, Published on 19/10/2024

» BEIJING - Chinese companies venturing into Southeast Asia, one of the hottest destinations for overseas expansion, should refrain from flooding the market with homogeneous products and services that would lead to vicious competition, a senior Chinese bank executive has urged.

THAILAND

Chemical leak prompts evacuation in Prachin Buri

Post Reporters, Published on 19/10/2024

» A chemical leak occurred after an explosion at a factory in Prachin Buri's Sri Maha Pho district, leading to the evacuation of hundreds of people.

WORLD

Netanyahu's home targeted as Hezbollah steps up barrage

Bloomberg News, Published on 19/10/2024

» BEIRUT - Drones launched from Lebanon targeted the weekend home of Israeli Prime Minister Benjamin Netanyahu in a coastal town north of Tel Aviv as Hezbollah stepped up a barrage against its southern neighbour.

SPORTS

ONE Championship and Sage Northcutt ‘mutually agree’ to part ways

Nicolas Atkin, Published on 19/10/2024

» ONE Championship and “Super” Sage Northcutt have “mutually agreed” to his release from the organisation, according to a statement released on Saturday morning.

THAILAND

Mall threat suspect’s ‘phone was hacked’

Online Reporters, Published on 19/10/2024

» A 22-year-old Myanmar national has denied posting a threat of a mass shooting at a popular mall in Khon Kaen, and investigators now believe his phone was hacked by someone else.

BUSINESS

SET toughens penalties for brokers

Online Reporters, Published on 19/10/2024

» The Stock Exchange of Thailand (SET) has announced a more stringent fine structure for member brokerages, including a substantial increase in the penalties for so-called naked short selling.

THAILAND

40 Thais and foreigners abroad allege iCon fraud

Wassayos Ngamkham, Published on 19/10/2024

» A group of 40 Thais and foreigners living abroad have accused The iCon Group of failing to deliver products that they paid for, resulting in losses of 20 million baht, while the total number of complaints against the online business promoter approaches 3,000.

WORLD

Power outage plunges all of Cuba into darkness

New York Times, Published on 19/10/2024

» HAVANA - Cuba's power grid failed, and the entire nation plunged into darkness Friday, less than a day after the government stressed the need to paralyse the economy to save electricity in the face of major gasoline shortages and large-scale, regular outages.

WORLD

Chinese drone maker sues US Pentagon for military designation

Bloomberg News, Published on 19/10/2024

» WASHINGTON - SZ DJI Technology Company said it has sued the United States Department of Defence for adding the Shenzhen-based drone maker to a list that designates it as a Chinese military company.

PROPERTY

Housing developer sentiment at lowest since Q3 of 2020

Business, Kanana Katharangsiporn, Published on 19/10/2024

» The sentiment index for housing developers in Greater Bangkok in the third quarter declined for a second consecutive quarter, reaching its lowest point since the third quarter of 2020.