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BUSINESS

Survey: Global recession major risk for Asia-Pacific CFOs

Business, Published on 01/11/2019

» Chief financial officers (CFOs) and group treasurers in Asia-Pacific from leading global companies have flagged the prospect of a global recession as the main risk for their business in the next six to 12 months, according to a JP Morgan survey.

BUSINESS

Don't get too comfortable

Business, Piyasak Manason, Published on 31/10/2019

» For investors, October has been a sunny month. Stocks around the world have been on the rise. The US dollar has fallen by more than 2% against other major currencies. Most importantly, the yield of the three-month US Treasury bill has been lower than that of the 10-year bill. In other words, the inverted yield curve, seen as a reliable warning sign of a future recession, has become normal again. Yet investors continue to look on the bright side.

BUSINESS

US Fed lowers key interest rate a third time

AFP, Published on 31/10/2019

» WASHINGTON: The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday, but the central bank remains divided, with two of the 10 voting members dissenting.

BUSINESS

FPO slashes growth outlook to 2.8%

Business, Wichit Chantanusornsiri, Published on 29/10/2019

» The Finance Ministry's Fiscal Policy Office (FPO) downgraded the country's economic growth outlook this year to 2.8% from 3% in August in response to the expectation of a deeper export drop.

BUSINESS

Ciao, Mario: ECB's Draghi hands baton to Lagarde

AFP, Published on 28/10/2019

» FRANKFURT AM MAIN - ECB chief Mario Draghi bows out Monday, passing the baton to former IMF head Christine Lagarde whose first task will be to heal rifts among policymakers.

BUSINESS

Earnings worries push SET to nine-month low

Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 26/10/2019

» RECAP: Geopolitical tensions, weak economic data and mixed earnings weighed down global stocks and crude oil prices on Friday, with the SET bourse closing at a nine-month low below 1,600 points.

BUSINESS

Ministry makes last-ditch effort to boost shipments

Business, Phusadee Arunmas, Published on 26/10/2019

» Commerce Minister Jurin Laksanawisit vows to step up promotion of Thai brands and services in 10 target export markets in a last-ditch effort to boost exports the final two months of the year.

BUSINESS

Q3 earnings sends SET under 1,600

Business, Darana Chudasri, Published on 26/10/2019

» The Stock Exchange of Thailand (SET) index on Friday plunged below 1,600 points, a nine-month low, marred by concerns over the third-quarter earnings of large listed companies and a dejected economic outlook, both domestically and externally.

BUSINESS

Korea envoy hails RCEP progress

News, Thana Boonlert, Published on 26/10/2019

» South Korean ambassador to Thailand Lee Wook-heon is looking forward to the conclusion of the long-awaited Regional Comprehensive Economic Partnership (RCEP) this year under Thailand’s Asean chairmanship.

BUSINESS

SET index dips below 1,600

Darana Chudasri, Published on 25/10/2019

» The Stock Exchange of Thailand (SET) index plunged below the 1,600 point threshold during intra-day trading hours marred by concerns over third-quarter earnings of large listed companies and dejected economic outlook internally and externally.