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BUSINESS

Thailand leads SE Asia stocks lower as Iran tensions rise

Reuters, Published on 08/01/2020

» Southeast Asian equities slumped on Wednesday, with Thailand taking the biggest hit, as investors scurried from riskier assets due to rising tensions in the Middle East after Iran fired rockets at US-led forces in Iraq.

BUSINESS

Top business groups see GDP growth of 2.5%-3% this year

Reuters, Published on 08/01/2020

» Leading business associations on Wednesday projected economic growth of 2.5%-3.0% this year in the face of a global slowdown and volatile exchange rates amid heightened Iran-US tensions.

WORLD

Ukrainian airplane with 180 aboard crashes in Iran

Reuters, Published on 08/01/2020

» DUBAI: A Boeing 737 belonging to Ukraine International Airlines has crashed due to technical problems after take-off from Iran's Imam Khomeini airport with 180 passengers and crew aboard, the semi-official Fars news agency tweeted on Wednesday.

BUSINESS

US Furniture chain to close nearly half of its stores

Business, Reuters, Published on 08/01/2020

» Home decor and furniture retailer Pier 1 Imports Inc said on Monday that it planned to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.

BUSINESS

Cabinet passes relief for SMEs

Business, Chatrudee Theparat and Somruedi Banchongduang, Published on 08/01/2020

» The cabinet on Tuesday green-lighted a new aid package for small and medium-sized enterprises and agreed to make efforts to shore up SMEs as part of the national agenda.

THAILAND

FFP to 'morph into new party' if disbanded

News, Aekarach Sattaburuth and Chairith Yonpiam, Published on 08/01/2020

» Future Forward Party (FFP) secretary-general Piyabutr Saengkanokkul on Tuesday vowed to continue political activities even if his party is dissolved and its executives banned from politics.

BUSINESS

'Smart city' proposal faces challenge in Canada

Business, Reuters, Published on 08/01/2020

» TORONTO: An Alphabet company's vision for a "smart city" project in Toronto includes buildings made of timber that are five times the current limit, potentially steering the company into the challenges of timber innovation in Canada.

THAILAND

Run to oust Prayut blocked in Ubon, Phayao

Nila Singkiree and Sai-arun Pinaduang, Published on 07/01/2020

» Authorities in two provinces are refusing to allow people to take part in local versions of the campaign-run to oust Prime Minister Prayut Chan-o-cha planned for Sunday in Bangkok.

BUSINESS

Thailand leads SE Asia stocks higher

Reuters, Published on 07/01/2020

» Thai shares led Southeast Asian equities higher on Tuesday as markets drew relief from the absence of any fresh escalations in the standoff between the United States and Iran.

WORLD

Indonesia mobilises fishermen in stand-off with China

Reuters, Published on 07/01/2020

» JAKARTA: Indonesia will mobilise fishermen to join warships in the South China Sea to help defend against Chinese vessels, the government said on Monday, as the biggest stand-off with China for years escalated off Southeast Asia's largest country.