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BUSINESS

Singapore’s staycations can’t fill $20bn tourism gap

Bloomberg News, Published on 07/07/2020

» In Indonesia, locals can soon fly from Jakarta to the beaches of Bali for a domestic vacation. Tokyo residents can escape the pandemic stress with a hike up Mount Fuji, and New Yorkers can head to the Hamptons on Long Island.

LIFE

Art world, politicians salute talent of Morricone

AFP, Published on 07/07/2020

» ROME - Big names from Hollywood, music and politics lined up on Monday to praise the talent and the legacy of Italian maestro Ennio Morricone, after the iconic composer died aged 91, with Antonio Banderas saluting "a big master of cinema."

BUSINESS

Bank equities see plunge

Business, Nuntawun Polkuamdee, Published on 07/07/2020

» Banking equities have become the worst performing sector in Thailand's stock market, with the aggregate share price plummeting by 35% year-to-date as asset quality and profit are anticipated to deteriorate amid higher bad loan prospects.

BUSINESS

Tax breaks to ease coronavirus stress

News, Wichit Chantanusornsiri, Published on 07/07/2020

» The Finance Ministry is offering sales tax reductions and a short-term tax break for certain businesses to help them cope better with the Covid-19 pandemic.

BUSINESS

Depa proposes 100 smart cities

Business, Komsan Tortermvasana, Published on 07/07/2020

» The Digital Economy Promotion Agency (Depa) has set an ambitious goal to turn 100 cities nationwide into smart cities in two years to improve the economy and quality of life in line with the 20-year national strategy plan.

BUSINESS

Emboldened by rule tweaks, retail investors flock to bourse

Business, Darana Chudasri, Published on 07/07/2020

» Retail investors account for the major portion of funds flowing into Thailand's bourse, supported by temporary rule changes that help mitigate excessive losses and volatility.

OPINION

Tackle entrenched inequalities to end epidemics

News, Winnie Byanyima, Published on 07/07/2020

» Like the HIV epidemic before it, Covid-19 is exploiting the extreme inequalities between countries and within them among disadvantaged and vulnerable communities. I am proud that decades of experience in responding to HIV are being used in the fight against the coronavirus and that activists all over the world are working hard to make sure that the disruption to HIV services is minimised.

BUSINESS

Solar leader SPCG cuts 2020 growth estimate

Business, Yuthana Praiwan, Published on 07/07/2020

» SET-listed SPCG, the largest solar farm operator by capacity, is slashing its 2020 revenue estimate, expecting growth of only 3.3% because of the pandemic.

BUSINESS

Ascent readies chopper rides

Business, William Hicks, Published on 07/07/2020

» Ascent Asia announced it will soon launch its helicopter ride-hailing service in Thailand with flights in Bangkok, Chon Buri, Rayong, Hua Hin and Pattaya, with flights starting at 8,000 baht per seat.

BUSINESS

TSMC advises bio-economy sugar pivot

Business, Lamonphet Apisitniran, Published on 07/07/2020

» The whole sugar industry needs to rely more on the bio-economy to earn extra revenue as sugar consumption looks set to fall by 10% during the pandemic, worse than the domestic demand drop earlier estimated by the government.