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BUSINESS

Earnings help stocks resist despite sticky inflation

AFP, Published on 27/10/2023

» LONDON - Stocks traded mixed on Friday as blockbuster earnings from Amazon and Intel fuelled hope of a tech bounce despite a report showing persistent US inflation.

BUSINESS

Finance Ministry cuts 2023 growth outlook to 2.7% as exports decline

Reuters, Published on 27/10/2023

» The Ministry of Finance on Friday cut its 2023 economic growth forecast to 2.7% from 3.5% seen earlier, due to weaker exports and lower government consumption.

BUSINESS

BAAC sets out blueprint for foreign knowledge exchange

Business, Apichart Thananan, Published on 27/10/2023

» The Bank for Agriculture and Agricultural Cooperatives (BAAC) is supporting foreign knowledge exchange for small-scale farmers and farming businesses as part of efforts to enhance their business efficiency and competitiveness in the global market.

BUSINESS

Government advised to revive Chinese confidence

Business, Narumon Kasemsuk, Published on 27/10/2023

» The Tourism Council of Thailand (TCT) and the Association of Thai Travel Agents (Atta) have urged the government to resuscitate Chinese confidence through tour agents in the mainland as this approach can guarantee safety for tourists.

BUSINESS

Ford estimates US strike impact at $1.3bn

AFP, Published on 27/10/2023

» NEW YORK - Ford on Thursday said the need to restore manufacturing operations outweighed the additional costs to sweeten a labour contract to end a strike that has cost it some US$1.3 billion.

BUSINESS

Lazada banking on new sorting facility

Business, Suchit Leesa-nguansuk, Published on 27/10/2023

» Lazada Thailand is making its largest investment in Southeast Asia on a new sorting facility, preparing for e-commerce growth expected to reach US$32 billion by 2025.

BUSINESS

Digital wallet rules ease debt fears

Business, Nuntawun Polkuamdee, Published on 27/10/2023

» The announcement of three disqualifiers for the 10,000-baht digital wallet handout has eased concerns over the country's public and household debt, but could negatively affect economic growth and domestically-focused stocks, say analysts.

BUSINESS

YouTrip eyes regional growth

Business, Somruedi Banchongduang, Published on 27/10/2023

» YouTrip, Southeast Asia's leading multi-currency digital payments platform, is planning on regional growth following economic gains in the area since the pandemic.

BUSINESS

Phone market on course for contraction

Business, Suchit Leesa-nguansuk, Published on 27/10/2023

» The Thai smartphone market is expected to contract by double digits this year because of an unfavourable economy and declining consumer purchasing power in the second and third quarters, say an expo organiser and mobile phone vendors.

BUSINESS

Wholesalers facing fresh competition

Business, Pitsinee Jitpleecheep, Published on 27/10/2023

» The wholesale market in the Srinakarin area is intensifying as Go Wholesale, a membership store under Central Retail Corporation (CRC), commences its operations today.