Archive for August 7th, 2020

Thailand’s GDP forecast to fall up to 9% this year

07-Aug-2020 Intellasia | TheThaiger | 10:34 AM

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

07-Aug-2020 Intellasia | LATimes | 10:29 AM

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

07-Aug-2020 Intellasia | BangkokPost | 10:26 AM

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

07-Aug-2020 Intellasia | BangkokPost | 10:24 AM

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

07-Aug-2020 Intellasia | BangkokPost | 10:23 AM

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

07-Aug-2020 Intellasia | BangkokPost | 10:22 AM

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

07-Aug-2020 Intellasia | Reuters | 10:10 AM

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

07-Aug-2020 Intellasia | PropertyGuru | 9:45 AM

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

07-Aug-2020 Intellasia | Reuters | 9:45 AM

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

07-Aug-2020 Intellasia | AFP | 9:44 AM

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

07-Aug-2020 Intellasia | Reuters | 9:39 AM

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

07-Aug-2020 Intellasia | Malay Mail | 9:32 AM

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

07-Aug-2020 Intellasia | Malay Mail | 9:30 AM

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

07-Aug-2020 Intellasia | Malay Mail | 9:29 AM

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

07-Aug-2020 Intellasia | Reuters | 9:13 AM

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