Showing 51 - 60 of 105
Tesco buyout gives CP undue power
News, Pavida Pananond, Published on 13/03/2020
» The recent announcement by Charoen Pokphand (CP) group to buy Tesco's operations in Thailand and Malaysia for US$10.6 billion (335 billion baht) marks the retreat of Western retailers' presence in much of Southeast Asia. For Thailand in particular, CP's Tesco buyout comes with added business significance and consumer risks because the giant agribusiness conglomerate will now have undue dominance directly over local supply chains and indirectly over consumer choice and benefit. In this case, it is imperative that Thailand's regulator, the Office of Trade Competition Commission (OTCC), take a hard and close look to make sure CP's good deal does not become a raw deal for local suppliers and Thais.
Confidence falls to April 1999 levels
Business, Phusadee Arunmas, Published on 13/03/2020
» Consumer confidence plunged to an almost 21-year low in February as people remain gravely concerned about the coronavirus contagion, compounded by widespread drought, the delayed fiscal 2020 budget, the domestic economic slowdown and the PM2.5 pollution plague.
Stabiliser fund mulled as SET pushes pause
Business, Wichit Chantanusornsiri, Pathom Sangwongwanich & Darana Chudasri, Published on 13/03/2020
» The government is considering setting up a stabiliser fund to support the battered stock market after a circuit breaker was triggered for the first time since 2008, with investors seeking refuge by holding on to cash.
Top London dining spots feel pinch
Business, Reuters, Published on 13/03/2020
» LONDON: The Coq d'Argent restaurant in the heart of London's financial district is normally packed at lunchtime with diners enjoying Chateaubriand or Sole Meuniere while knocking back wines that go for up to £2,550 ($3,300) a bottle.
Airlines hit anew by travel clampdown
Business, Reuters, Published on 13/03/2020
» LOS ANGELES/WASHINGTON: A clampdown on European travel to the United States will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, raising the odds of government relief packages as billions of dollars of tourist spending vanish.
Preventing monopolies
News, Editorial, Published on 13/03/2020
» After 18 years as a toothless tiger, Thailand's newly revamped Office of the Trade Competition Commission (OTCC) is facing two big challenges to its mission of preventing market monopolies.
Coronavirus Puts Trump's Economic Policy-Making to the Test
Business, Kate Davidson, Andrew Restuccia & Nick Timiraos, Published on 13/03/2020
» As the coronavirus affects almost every aspect of business, a collection of Trump administration officials--at times at odds with one another--are seeking to coordinate government action to soften the anticipated blow to the economy.
Bibi, Benny and Ruvi: Israel's future
News, Gwynne Dyer, Published on 13/03/2020
» Benjamin Netanyahu, or "Bibi" as everyone calls him, is the longest-serving prime minister in Israel's history, and still in office although he has failed to win three elections in a row. Last June, last September, and again early this month, Israeli voters split their votes in ways that made it almost impossible to put together a new government.
Rock band Nada Surf to beat virus restrictions by playing Paris show
Life, Reuters, Published on 13/03/2020
» US rock band Nada Surf decided the show must go on when France -- in the grip of the coronavirus epidemic -- banned crowds of more than 1,000 people in indoor venues. To get around the ban, they played the same Paris concert twice in one evening.
Spain shuts Prado, other Madrid museums due to virus
Life, Reuters, Published on 13/03/2020
» All of Madrid's state-run museums, including the Prado, the Reina Sofia and the Thyssen-Bornemisza, will be closed to the public due to the coronavirus epidemic that has hit the Spanish capital, authorities said on this week.