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BUSINESS

Laos installs new central bank chief, limits FX sales

Reuters, Published on 20/06/2022

» Laos lawmakers on Monday approved the appointment of a new central bank chief and two deputy prime ministers, according to state media.

BUSINESS

Exports of cassava products surge as Ukraine war disrupts grain supplies

Reuters, Published on 20/06/2022

» Thailand’s exports of cassava products between January and April jumped 28% from the same period last year as importers sought grain alternatives, a senior official said on Monday, amid a food crisis brought on by Russia's invasion of Ukraine.

BUSINESS

Chinese splash out on tech goods, camping gear in shopping fest

Reuters, Published on 20/06/2022

» BEIJING: High-end home appliances and camping gear were among Chinese shoppers' most sought-after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's Covid-19 curbs are driving lifestyle changes.

BUSINESS

Air industry recovery gathering pace despite uncertainty: IATA

AFP, Published on 20/06/2022

» DOHA: Air passengers are expected to hit 83% of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday.

BUSINESS

Philippines moves closer to building world's largest solar project

Bloomberg, Published on 20/06/2022

» Solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet rising demand for electricity while shifting away from coal.

BUSINESS

Oil refiners deny Korn's claim of profiteering during hardship

Online Reporters, Published on 20/06/2022

» Oil refinery bosses on Monday broke a long silence to deny Kla Party leader Korn Chatikavajin's accusation they are reaping fat benefits though the gross refinery margin while consumers suffer from high pump prices.

BUSINESS

Philippines' central bank sees series of rate hikes, says incoming governor

Reuters, Published on 20/06/2022

» MANILA: The Philippine central bank's incoming governor on Monday signalled the prospect of a series of rate hikes this year that could extend up to 2023 to tame inflation.

BUSINESS

Land windfall tax law to be resurrected

Business, Wichit Chantanusornsiri, Published on 20/06/2022

» The Finance Ministry plans to dust off the land windfall tax law as part of the country's reform of its tax system, says Krisada Chinavicharana, the permanent finance secretary.

BUSINESS

Food crisis to hit nations in second half

Business, Lamonphet Apisitniran, Published on 20/06/2022

» A global food shortage is expected to intensify during the third and fourth quarters this year, with the scarcity likely to benefit Thai food exporters, says the Federation of Thai Industries (FTI).

BUSINESS

Electricity bills to surge as power tariff hits all-time high

Business, Yuthana Praiwan, Published on 20/06/2022

» Thais face pricier electricity bills, with the power tariff increasing to a record high of 4.4 baht per kilowatt-hour (unit) between September and December, says the Energy Regulatory Commission (ERC).