Pakorn Peetathawatchai, Chief Strategy & Finance Officer at the Stock Exchange of Thailand, explains why the Thai stock market is up 7 percent year-to-date despite political tensions.» Read More
PHUKET, Thailand— Thai authorities on Thursday charged two journalists with defaming Thailand's navy in an online news report about the trafficking of refugees from Myanmar, amid concerns about press freedom in the country.
*Thailand expected to post slowest GDP growth in Asia. BANGKOK, April 14- The golden Buddha statues, amulets and lucky charms that festoon Sakuntala Mettawong's tiny Bangkok cellphone shop are not helping business.
MUMBAI, India— Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. Malaysia- based GrabTaxi operates in five Southeast Asian countries and recently announced more than $10 million in new investment.
"I never worried like this before what happened with the missing Malaysia Airlines plane," Yulveri, who like many Indonesians uses only a single name, said at Jakarta's Soekarno-Hatta International Airport.
SINGAPORE/ BANGKOK, April 10- Indonesia is set to overtake Thailand as Southeast Asia's biggest car market as early as this year, driven by an expanding middle class and growing demand for budget, environmentally friendly vehicles, company executives and analysts said.
BANGKOK, April 8- With legal cases against her mounting, embattled Thai Prime Minister Yingluck Shinawatra pleaded on Tuesday for fair and proper treatment from the national anti-corruption commission and Thailand's Constitutional Court.
Australia is spending more than half a million dollars a day on just one of the ships it has in the Indian Ocean. More than two dozen countries have played some role in the long search, which Malaysia is overseeing.
HONG KONG— The World Bank slashed its economic growth forecast for Thailand on Monday because of ongoing political strife that is crimping domestic demand. The Washington- based organization forecast that Thailand's economy would expand 3 percent this year, down from 4.5 percent growth it had forecast at the end of last year.
BANGKOK, April 3- Thailand's consumer confidence slipped to its lowest in nearly 12.5 years in March, a survey showed on Thursday, underscoring again the impact of prolonged political unrest on Southeast Asia's second-biggest economy. As months of anti-government protests in Bangkok continue, Thailand is losing its image of proving resilient to turmoil.
BERLIN, April 2- Volkswagen has joined a rush by Western carmakers to tap fast-growing Southeast Asian markets to take on Japanese rivals in a region where a burgeoning middle class has money to spend.
*Weekend Senate vote key test for government. BANGKOK, March 31- Thai Prime Minister Yingluck Shinawatra on Monday defended herself against negligence charges linked to a ruinous government rice pledging scheme that could lead to her removal from office, the latest development in a political crisis that has gripped the country for months.
*C/A surplus $5.07 bln in Feb vs $0.22 bln surplus in Jan. BANGKOK, March 31- Thailand's economy will likely post its first contraction in a year as consumption and investment fall, the central bank said on Monday, reflecting how prolonged political unrest is deepening the toll on Southeast Asia's second-largest economy.
BANGKOK, March 31- Thai Prime Minister Yingluck Shinawatra on Monday showed up to defend herself against charges linked to a ruinous government rice pledging scheme that could lead to her removal from office, the latest development in a political crisis that has gripped the country for months.
*C/A surplus $5.07 bln in Feb vs $0.22 bln surplus in Jan. BANGKOK, March 31- Thailand's economy is expected to contract in the first quarter after consumption and investment fell, the central bank said on Monday, reflecting how prolonged political unrest is deepening the toll on Southeast Asia's second-largest economy.
BANGKOK, March 31- Thai Prime Minister Yingluck Shinawatra on Monday showed up to defend herself against charges linked to a ruinous government rice pledging scheme that could lead to her removal from office. The charges were brought against her by the National Anti-Corruption Commission.
Stocks could climb 10 to 15 percent this year, Pimco's deputy CIO and global head of equities says.
BANGKOK, March 28- Charoen Pokphand Foods PCL, Thailand's largest meat and animal-feed producer, aims to have foreign operations contribute three-quarters of revenue within five years, to meet demand in quick-growing emerging markets and offset a slowdown at home.
BANGKOK, March 28- Thai rice prices have been tumbling and are expected to keep dropping over the next few weeks as more supply comes to market and after the government was forced to shelve a controversial scheme to support farmers.
Chris Conkey, Global CIO at Manulife Asset Management, singles out Thailand and Vietnam as his top picks in the emerging market space.
The crisis is the latest chapter in an eight-year battle between Bangkok's middle class and royalist establishment against supporters of Yingluck and Thaksin Shinawatra, her brother, who was ousted as premier by the army in 2006. He lives in Dubai to avoid a jail term for abuse of power.