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BUSINESS

PTTEP wins both petroleum concessions in Gulf of Thailand

Published on 13/12/2018

» The foothold of Chevron Thailand Exploration and Production, the country's first petroleum explorer, will become far smaller in the next few years after the government awarded 10-year concession rights to operate the country's largest gas block, Erawan, to PTT Exploration and Production Plc (PTTEP).

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BUSINESS

US jobless claims near 49-year low

Reuters, Published on 13/12/2018

» WASHINGTON: The number of Americans filing applications for jobless benefits tumbled to near 49-year lows last week, which could ease concerns about a slowdown in the labour market and economy.

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BUSINESS

ECB finally ends QE, keeps reinvestments open-ended

Published on 13/12/2018

» FRANKFURT: The European Central Bank decided on Thursday to formally end its €2.6 trillion bond purchase scheme but said it would keep reinvesting cash from maturing bonds for a long time after its first interest rate hike.

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BUSINESS

Vietnam rice prices dip as Chinese norms bite

Published on 13/12/2018

» BENGALURU, India: Rice export prices fell for the fourth consecutive week in Vietnam on concerns of lower intake from China due to stricter norms in Beijing, while subdued demand weighed on the Indian and Thai markets.

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BUSINESS

Philippines to exceed 2018 target number of Japanese tourists

Published on 13/12/2018

» MANILA: Tourism officials said on Thursday the Philippines will surpass this year its target of attracting 600,000 tourists from Japan, its fourth top source of foreign tourists.

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BUSINESS

SET index edges lower, other SE Asia stocks end higher

Published on 13/12/2018

» The Stock Exchange of Thailand index was pulled over on Thursday by weakness in energy-linked shares but most Southeast Asian stock markets on hopes of easing Sino-US trade tensions in light of recent positive steps taken by both the countries, but the Thai index was pulled lower by weakness in energy-linked shares.

BUSINESS

Japan plans tighter regulation of tech giants

AFP, Published on 13/12/2018

» TOKYO: Japan is planning to tighten regulation of tech giants like Google and Facebook after an expert panel called for better oversight on competition and privacy, an official said Thursday.

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BUSINESS

Baht set to top 2018’s emerging-market list

Published on 13/12/2018

» The Thai currency has declined 0.3% to 32.672 against the dollar this year as of 1.11pm, the best performance among 22 major developing-economy currencies tracked by Bloomberg. A current-account surplus and ample foreign-exchange reserves helped offset headwinds from the Federal Reserve’s tightening path and escalating trade tension between the United States and China.

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BUSINESS

Gold prices down 50 baht to B19,300

Online Reporters, Published on 13/12/2018

» The Gold Traders Association on Thursday morning announced buying prices at 18,859.04 baht per baht-weight for gold ornaments and 19,200.00 baht per baht-weight for gold bars.

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BUSINESS

Survey: Thais keen on exotic trips, but go the usual route

Business, Suchat Sritama, Published on 13/12/2018

» More Thai travellers are interested in exotic destinations within the region and beyond. But many of their destinations will remain unchanged because of proximity and familiarity, according to a survey by Skyscanner.