Showing 1 - 10 of 26
Investors shun Thailand as growth weakens, protests heat up
Reuters, Published on 02/09/2020
» SINGAPORE/HONG KONG: A selloff in the baht, underperforming stocks and pressure on the bond market reflect growing concern from global investors over political instability and the growth outlook in Southeast Asia's second-biggest economy, analysts and fund managers say.
Siam Cement leads SE Asian firms eyeing Oct IPOs
Reuters, Published on 02/09/2020
» SINGAPORE/HONG KONG: Siam Cement Group Packaging's initial public offering (IPO) is looking to raise 50% more than a previously targeted $1 billion, boosted by higher valuations, sources with knowledge of the matter said.
100 days free of local virus cases, but Thailand pays heavy price
Bloomberg News, Published on 02/09/2020
» Thailand has reported zero locally-transmitted Covid-19 cases for 100 days in a row, joining a small group of places like Taiwan where the pathogen has been virtually eliminated.
Palang Pracharath says Prayut will make decision on new finance minister
Aekarach Sattaburuth, Mongkol Bangprapa and Wassana Nanuam, Published on 02/09/2020
» Palang Pracharath will not interfere in the choice of the new finance minister, which will be decided by Prime Minister Prayut Chan-o-cha, party leader Prawit Wongsuwon said on Wednesday.
Govt plans new cash handouts, job measures worth B68.5 bn
Reuters, Published on 02/09/2020
» The government plans new cash handouts and job measures worth about 68.5 billion baht to support an economy battered by the coronavirus pandemic, an official said on Wednesday.
Australia recession adds to global economic virus woes
AFP, Published on 02/09/2020
» SYDNEY: Australia has fallen into recession for the first time in three decades and Brazil's economy shrank by almost 10% because of the coronavirus, leaving China as the only major nation still recording economic growth during the pandemic.
Uber seeks Hong Kong govt meeting after court defeat
AFP, Published on 02/09/2020
» HONG KONG - Uber on Wednesday said it was seeking an urgent meeting with Hong Kong's government after drivers working for the company lost a landmark court case that could cripple ride-sharing apps in the finance hub.
Virus plunges Australia into first recession in nearly 30 years
AFP, Published on 02/09/2020
» SYDNEY: Australia tumbled into its first recession for almost three decades with its pandemic-crippled economy shrinking a record 7% in the second quarter, official data shows.
Walmart unveils subscription programme to challenge Amazon
AFP, Published on 02/09/2020
» NEW YORK: The battle for online supremacy is on as Walmart announced Tuesday the coming launch of a membership program that provides free delivery as the world's biggest retailer takes direct aim at e-commerce behemoth Amazon.
Black franchisees sue McDonald's for discrimination
AFP, Published on 02/09/2020
» NEW YORK: More than 50 Black former McDonald's franchisees have sued the fast food chain claiming a "systematic" pattern of racial discrimination that hindered their success and forced some out of business -- claims the company strenuously denies.