Pridiyathorn Devakula, Deputy Prime Minister of Thailand, expects the country to grow over 3 percent this year despite lower export demand from its key markets like the United States.» Read More
BANGKOK— Thailand is facing bans on new international flights and increased inspections after the International Civil Aviation Organization flagged significant concerns about the country's aviation safety, officials said Friday. Japan has blocked new flights from Thailand following the ICAO decision and South Korea is considering similar measures,...
BANGKOK— Thailand's junta leader has vowed to take legal action against companies using forced labor, after an Associated Press investigation revealed that fish caught by enslaved migrant workers was being exported from Thai ports to global markets. "If they still continue to exploit their fellow human beings, they should not be given any licenses to operate...
*Shipments to China -15 pct y/y, to U.S +5.1 pct. BANGKOK, March 26- Thai exports fell more than expected in February, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. With disappointing exports in early 2015, "the outlook is not so good," said Sarun Sunansathaporn, economist with Tisco...
BANGKOK— A tour bus carrying Chinese tourists plunged off a road on the popular Thai resort island of Phuket on Wednesday, killing three and injuring 16, police said. He said it was on its way from Phuket's Kata beach to Phang Nga province, another popular beach destination in southern Thailand. Phuket is a popular destination among Thai and foreign tourists.
"Thai Union embraces AP's finding," the company said in a statement that calls the use of slave labor "utterly unacceptable." Thai Union said the supplier was "terminated" immediately. The statement did not list a specific company, and Thai Union declined further comment.
BEIJING— Stock markets in Asia and Europe were mostly higher Friday after a slide in oil prices drove a Wall Street decline. KEEPING SCORE: In early trading, Germany's DAX added 0.4 percent to 11,950.11 points and France's CAC-40 rose 0.1 percent to 5,041.82. Benchmarks in Sydney, New Zealand and Singapore also rose.
Volatility has become a market hallmark this year and investors across Asia are grappling with a slew of issues. Here are the top five themes.
They are not well known in America or Europe but owner Line Corp. hopes to change that. It has already opened two stores in Seoul and its first Shanghai and New York stores will open this year. It will also give the company a backdoor into China, where Line is blocked along with other foreign messaging apps and social media sites.
BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...
*Thailand becomes latest Asian nation to ease policy. BANGKOK, March 11- Thailand unexpectedly cut its benchmark interest rate on Wednesday, in a bid to give the ailing economy a spark that the military government has been unable to provide so far. Thailand expanded only 0.7 percent in 2014, as the military, which seized power in May, was unable to get growth on track.
The Thai baht has surprised by becoming a top-performing currency over the past year despite political turmoil, but that may change, analysts say.
*GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.
Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.
Narongchai Akrasanee, Energy Minister of Thailand, says the gap between subsidized and market oil prices is small, with diesel and LPG trading at market prices now.
*Shipments to China -20 pct, to Japan -7.5 pct. BANGKOK, Feb 25- Thai exports were far weaker than expected in January, which will renew pressure on the military-led government to boost economic stimulus and on the central bank to cut rates. Exports, worth more than 60 percent of the economy, fell 3.46 percent in January on the year, the Commerce Ministry said on...
*CVC, shareholders to offer 645 mln shares in HK $8- 9/ each range. HONG KONG, Feb 23- HKBN Ltd, Hong Kong's second-largest broadband Internet provider, will launch its IPO on Tuesday, with shareholders including CVC Capital Partners looking to raise up to $750 million, sources familiar with the IPO plans said. At the top of its indicative range, the IPO would be the...
Pakorn Peetathawatchai, CFO at the Stock Exchange of Thailand and Pahala Mansury, CFO of Bank Mandiri, discuss the impact that the Greek crisis has on Asia's financial markets.
The drug that has saved millions from malaria is losing its efficacy in a much larger swath of territory than was previously known. The NYT reports.
Thailand's interim parliament has passed a law banning foreigners from seeking surrogacy services to end a "rent-a-womb" fertility-tourism industry.
JAKARTA, Feb 18- They might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows. Indonesia surprised markets with a rate cut on Tuesday, and Singapore eased its policy in January.