Wirat Uanarumit, CFO of Thai oil giant PTT, discusses price reform in Thailand and the impact of lower oil prices on the firm's revenues and profits.» Read More
*Thailand is world's biggest exporter, producer of rubber. BANGKOK, Oct 17- Thailand's government has announced a series of measures to support rubber farmers reeling from a slump in global prices to five-year lows, helping push up futures in Tokyo and Shanghai by almost 5 percent at one stage on Friday. The steps announced late on Thursday include nearly $1...
*Thailand is world's biggest exporter, producer of rubber. BANGKOK, Oct 17- Thailand's government has announced a series of measures to help rubber farmers reeling from a slump in global prices to five-year lows, helping push up futures in Tokyo and Shanghai by nearly 5 percent on Friday. The steps include nearly a billion dollars in funds to finance rubber...
Taco Bell is testing a new menu that promises just that, looking to tap into the cult following for the red Thai hot sauce known as Sriracha. Taco Bell, which is owned by Yum Brands Inc., has been on a strong run since rolling out its Dorito-flavored tacos in 2012. Since then, it has looked to build on the success with a variety of new offerings, including snacks intended...
And it's coming to Bangkok. According to the Council on Tall Buildings and Urban Habitat, which maintains a database of the tallest skyscrapers, the Bangkok " Super Tower" will be the world's ninth tallest if it is built on schedule. The developer intends the tower as the center of a new business, shopping and residential district in Bangkok costing 100 billion baht.
LONDON/ SAO PAULO, Oct 8- Squeezed margins in sugar mills, caused by depressed prices after years of global over-supply, are hastening closures and consolidation in the sector, potentially eroding global output and supporting prices. Faced with declining revenues, more sugar mills in top producer Brazil are expected to shut in the coming months, while...
KUALA LUMPUR/ JAKARTA, Oct 3- September marked a turning point for Southeast Asia's foreign exchange and stock markets, ending a six-month run of capital inflows as the dollar's broad rally drew investors' attention to the currency risk and exalted valuations in these markets. Even though the cumulative net foreign investment was positive in the four...
BANGKOK, Oct 2- Consumer confidence in Thailand dropped in September for the first time since May's military coup, a university survey showed, adding to evidence that authorities haven't yet been able to get an economic recovery on track. Consumption is a pivotal engine of growth in Thailand, so getting Thais to spend more is crucial for reaching the growth...
"Given its size, economic potential and its strategic position between China and India, Myanmar is forecast to be one of the fastest growing economies in the region over the medium term," Andrew Geczy, CEO of international and institutional banking for Australia and New Zealand Banking Group, said in a statement.
YANGON, Oct 1- Myanmar has granted nine foreign banks, including three Japanese lenders and Australia's ANZ, approval to operate on a limited basis- a move aimed at spurring foreign investment in an economy emerging from decades of military rule.
TOKYO/ BANGKOK, Oct 1- Three major Japanese banks are among foreign banks that have been granted limited operating licences in Myanmar, a move that Myanmar's government hopes will spur foreign investment in an economy emerging from decades of military rule.
BANGKOK, Sept 30- Thai factory output dropped for a 17th straight month and a central bank index showed consumption slipped in August, the latest signs that the country's economy is still sputtering.
*Commerce Ministry sees 2014 exports up 0.5-1.0 pct, not 3.5 pct. BANGKOK, Sept 29- Thai exports unexpectedly fell the most in August since flooding in late 2011 paralyzed the economy, putting pressure on the military government to speed up stimulus measures.
*Customs-cleared exports -7.4 pct y/y in Aug, poll saw -3.6 pct. BANGKOK, Sept 29- Thai exports in August fell by the biggest percentage since bad flooding in late 2011, confirming that a key engine of the country's economy is not firing.
BANGKOK, Sept 26- Thailand's central bank said on Friday the country's pivotal exports won't grow at all this year, but maintained the economy can still grow 1.5 percent in 2014 assuming the government can jack up spending in the last quarter.
*Army seized power in May to end protracted political tensions. BANGKOK, Sept 17- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, repeating that it believes the current level supports moves to spur an economic recovery.
Supreme leader Gen. Prayuth Chan-ocha outlines his vision for a new Thailand.
SINGAPORE/ MOSCOW/ BERLIN, Sept 5- Germany's Rocket Internet faces daunting logistical challenges and rising local competition from Lagos to Laos as it races to capture customers in emerging markets before e-commerce titans Amazon and Alibaba can catch up.
JAKARTA, Aug 29- Indonesia's powerful anti-graft agency will launch a probe into the nation's subsidised rice scheme unless major flaws are fixed, threatening moves to expand the role of the state food buying agency into other staples such as corn, beef and sugar.
*Thailand may miss 10 million T export target for this year. SAMUT PRAKAN, Thailand, Aug 29- Thailand is facing delays in plans to export millions of tonnes of rice from state stockpiles because of a labour shortage at ports after hundreds of thousands of foreign workers fled amid fears of a military crackdown on illegal migrants.
Kobsak Pootrakool, Executive Vice President at Bangkok Bank, explains why he is confident that Thailand can see better economic growth by year-end.