Archive for February 29th, 2020

DBP seeks exemption from remittance of dividends to government

29-Feb-2020 Intellasia | PhilStar | 6:52 AM

State-run Development Bank of the Philippines (DBP) has asked the Department of Finance (DOF) to exempt it from remitting dividends to the national government to enable the [...] » More

Chiang Mai school closed after parent visited Japan

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

Anubaan Chiang Mai School was closed for 14 days after a parent was found not to have quarantined himself after returning from Japan, its director said on Friday. Sawong [...] » More

Medical Cannabis: Thailand leads worldwide healthcare promotion

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

Thailand was the first Asian country to amend its laws to allow for medical cannabis. The amendment is narrow, essentially allowing only research and development activities [...] » More

BoT eases more foreign-exchange rules

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

The Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. The threshold for proceeds that do not [...] » More

Germany quarantines 1,000, stocks tumble: Virus update

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

Germany quarantined about 1,000 people, Switzerland banned big events, while Britain and Netherlands reported new cases. South Korea revealed 571 more coronavirus infections [...] » More

Thai tycoons in fray as Tesco sets bid deadline for $9 billion Asia business: sources

29-Feb-2020 Intellasia | Reuters | 6:52 AM

British retailer Tesco (TSCO.L) has asked bidders to submit binding offers for its Asian business by Friday, in a deal that will see Thai billionaires fight for an asset [...] » More

Thailand’s Central Retail eyes growth in Vietnam after trouble at home

29-Feb-2020 Intellasia | Reuters | 6:52 AM

Thailand’s largest retailer, Central Retail Corporation Pcl (CRC), plans to expand domestic online sales as well as its business in Vietnam, as the coronavirus outbreak [...] » More

Bangkok Airways cuts back as virus bites

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

Bangkok Airways is cutting executive salaries, sending staff on unpaid leave and reducing the number of flights to cope with the downturn in business because of the spread of [...] » More

Thailand reports one new coronavirus case, total reaches 41health official

Thailand reports one new coronavirus case, total reaches 41health official

29-Feb-2020 Intellasia | Reuters | 6:52 AM

Thailand recorded one new case of coronavirus, bringing the total in the country to 41 since January, a senior health official said on Friday. The new case is a 25-year-old [...] » More

Pattaya theme park closes, no tourists

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

A major theme park in Pattaya, Legend Siam, will temporarily close from March 3 because of the lack of tourists on the back of the spread of the coronavirus. The closure will [...] » More

Pheu Thai tries to mend fences with Future Forward

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

The Pheu Thai Party has apologised to the Future Forward Party (FFP) for leaving the banned party not enough time to grill targeted cabinet ministers. Opposition whip chief [...] » More

SET down 46.77 points to 1,348.31 at midday

29-Feb-2020 Intellasia | BangkokPost | 6:52 AM

The Stock Exchange of Thailand’s main index went down 46.77 points, or 3.35%, to close at 1,348.31 points at the end of trading session this morning. The trade value [...] » More

Coronavirus: Indonesia shuts down embassy in Korea

29-Feb-2020 Intellasia | AA | 6:52 AM

Indonesia has temporarily shut down its mission in South Korea due to the coronavirus outbreak in the country, local media reported on Friday. According to Indonesian daily [...] » More

Coal miner builds solar power plants to provide electricity in remote areas

29-Feb-2020 Intellasia | JakattaPost | 6:52 AM

Coal miner PT Sumber Energi Sukses Makmur (SESM) will build a solar power station in South Sumtarai in cooperation with local palm oil plantation company PT Golden Blossom [...] » More

Huawei aims to have 73 local Indonesian apps in AppGallery by March

29-Feb-2020 Intellasia | JakattaPost | 6:52 AM

Chinese tech giant Huawei is touring globally to get local app developers on board its very own app store, AppGallery, launched as an alternative to Google Play and Apple App [...] » More