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THAILAND

Human trafficking app launches amid trust doubts

Thomson Reuters Foundation, Published on 15/01/2020

» A mobile app launched in Thailand to boost the reporting of human trafficking risks could be hampered by a lack of trust in government officials, anti-slavery experts said on Wednesday.

BUSINESS

Central Retail said close to securing IPO investors

Reuters, Published on 15/01/2020

» SINGAPORE/HONG KONG: Thailand's largest retailer, Central Retail Corp, is close to securing cornerstone investors for an initial public offering worth up to 82 billion baht, making it the country's biggest ever listing, sources with knowledge of the matter said on Wednesday.

BUSINESS

Tourist arrivals seen growing less than 5% this year

Reuters, Published on 15/01/2020

» Thailand is expected to see a less than 5% increase in overall foreign tourist arrivals this year due to a global economic slowdown, intensifying competition and a strong baht, a tourism body said on Wednesday.

BUSINESS

Huge new stimulus package coming: Somkid

Chatrudee Theparat and Reuters, Published on 15/01/2020

» Thailand needs to rev up both public and private investment, including infrastructure development as well as the promotion of the tourism and service sectors, to boost economic growth this year, Deputy Prime Minister Somkid Jatusripitak told a business seminar on Wednesday.

WORLD

Amazon tribes gather to resist govt plans to exploit their land

Leonardo Benassatto of Reuters, Published on 15/01/2020

» XINGU INDIGENOUS PARK, Brazil: Indigenous leaders began a four-day tribal gathering in the Amazon on Tuesday to plan their opposition to far-right President Jair Bolsonaro's push to open their reservations for commercial mining and agriculture.

BUSINESS

Malaysia Airlines suspends taking delivery of Boeing 737 MAX jets

Reuters, Published on 15/01/2020

» KUALA LUMPUR: Malaysia Airlines said on Wednesday it has suspended taking delivery of 25 Boeing 737 MAX jets, citing the plane's delayed return to service since it was grounded last year following two fatal crashes.

WORLD

Cambodia begins treason trial of opposition leader as criticism mounts

Reuters, Published on 15/01/2020

» PHNOM PENH: A Cambodian court convened on Wednesday to begin the trial of opposition party leader Kem Sokha on charges of treason in a case that has drawn condemnation from rights groups as a move by longtime leader Hun Sen to crush political rivals.

BUSINESS

KBank mulling sizeable stake in Myanmar's A Bank

Business, Somruedi Banchongduang and Nuntawun Polkuamdee, Published on 15/01/2020

» Kasikornbank (KBank) wants to expand its footprint in Myanmar, acquiring a sizeable stake in a bank there.

BUSINESS

TOT-CAT merger gets cabinet nod

Business, Chatrudee Theparat and Komsan Tortermvasana, Published on 15/01/2020

» The cabinet on Tuesday approved the merger of TOT and CAT Telecom and the formation of a new company, National Telecom (NT), which will be 100% owned by the Finance Ministry.

BUSINESS

Baht's moves dodge US watch list

Business, Somruedi Banchongduang and Wichit Chantanusornsiri, Published on 15/01/2020

» Thailand again managed to avoid placement on the US watch list for currency manipulation, while the Bank of Thailand affirmed that steps have been taken to curb the baht's gain with an almost US$80-billion increase in foreign reserves over the past five years.