Archive for August 7th, 2020
Thailand’s GDP forecast to fall up to 9% this year
Thailand’s GDP is set to fall 7-9%, year-on-year, according to the Joint Standing Committee on Commerce, Industry and Banking. The fall is, not surprisingly, being fallout [...] » More
Trump signs executive order to ban TikTok, WeChat
President Trump made good on his threat to ban TikTok on Thursday, issuing an executive order that will bar the wildly popular video app‘s parent company, ByteDance, from [...] » More
Mutual funds’ Q2 defined by low risk
Investment flows in the mutual fund industry in the second quarter continued to move into low-risk assets in accordance with the economic slowdown and concerns over the [...] » More
PDMO applauds terms of $1.5bn extended by ADB
The US$1.5 billion borrowed from the Asian Development Bank (ADB) comes with favourable conditions for Thailand, says the Public Debt Management Office (PDMO). On Aug 4, the [...] » More
Thailand Post courts IoT box consultancy
Thailand Post wants to launch smart parcel pick-up boxes to cater to the delivery business in mid-2021, with a plan to roll out 30,000 boxes in the first three years. These [...] » More
IIG opens, closes at limit price in debut
Digital consultancy I&I Group Plc (IIG) opened at its ceiling price and remained there on its first day of trading on the Market for Alternative Investment, reflecting a [...] » More
South Korean farmers bartering sugar for North Korean booze to bypass sanctions
A South Korean farmers’ cooperative said on Thursday it has clinched a $150 million deal to barter sugar for North Korean liquor and food products, bypassing sanctions [...] » More
CapitaLand profit drops 89% in 1H 2020
With COVID-19 pandemic adversely affecting its financial performance, CapitaLand Limited's profit after tax and minority interest (PATMI) plunged 89%, to $96.6 million in the [...] » More
SoftBank seen booking 75pct first-quarter profit drop as it returns to profitability
SoftBank Group Corp (9984.T) is seen booking a 75 percent first-quarter profit plunge on Tuesday, albeit making a return to profitability, as the coronavirus outbreak [...] » More
Tokyo stocks open flat ahead of key US data
Tokyo stocks opened flat today as investors took a wait-and-see attitude ahead of key US jobs data and a long weekend in Japan. The benchmark Nikkei 225 index inched up 0.77 [...] » More
Asia shares set to open higher as traders await US payrolls
Asia shares were poised to open higher today, tracking global equity markets’ overnight gains as investors awaited a US nonfarm payrolls report. Hong Kong futures were [...] » More
Source: Guan Eng to be charged over 2015 house purchase
Bagan MP Lim Guan Eng will be charged in connection with his 2015 purchase of a double-storey standalone house in Penang when he was the state chief minister, a source [...] » More
Guan Eng claims trial to allegedly soliciting bribes from Penang undersea tunnel project contractor
Former Penang chief minister Lim Guan Eng pleaded not guilty after he was charged this morning with allegedly seeking a bribe to help a company be appointed for the [...] » More
Guan Eng leaves MACC headquarters to face charges at KL court
A sports utility vehicle (SUV), with former finance minister Lim Guan Eng believed to be in it, was seen leaving the Malaysian Anti-Corruption Commission (MACC) headquarters [...] » More
Standoff with China will be long, India warns in pulled statement
India’s defence ministry has warned, in a statement since removed from its website, that a military standoff with China that began with border fighting in June is [...] » More
