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  • Italy, Iran cases jump, drug result due in April: Virus update
    Iran reported a total of 15 deaths from the coronavirus, the most fatalities outside China. Italy, the outbreak’s epicentre in Europe, said infections in the Lombardy region rose to 206 from 172. The country might seek flexibility on some budget targets.
    25 February 2020
  • Tesco completes China exit as Thailand decision looms
    LONDON: Britain's biggest retailer Tesco has completed its exit from China with the sale of a 20% stake in a joint venture to a unit of its state-run partner China Resources Holdings (CRH), raising 275 million pounds (1.1 billion baht).
    25 February 2020
  • Gojek says it’s not in talks with rival Grab about a merger
    SINGAPORE: Indonesia’s Gojek denied a report that it’s discussing a merger with rival Grab Holdings Inc, a deal that would combine the leading ride-hailing businesses in Southeast Asia.
    25 February 2020
  • Asian markets mixed after virus-fuelled global bloodbath
    HONG KONG: Asian markets were mixed Tuesday as bargain-buying after the previous day's bloodbath tempered fears that the coronavirus will develop into a pandemic and hammer the global economy.
    25 February 2020
  • PTT upbeat on oil, petrochemicals
    PTT Plc, the national oil and gas conglomerate, expects low margins of refined oil and petrochemicals to bottom out this year thanks to better negotiations between the US and China on trade.
    25 February 2020
  • Airlines scramble to slash ticket prices
    The unease caused by Covid-19 is expected to drag down Thai tourism for more than six months, triggering airlines to slash ticket prices to steer the market, while Nok Air and Nokscoot cut pilots and cabin crew to save cost.
    25 February 2020
  • NBTC tells DES to get 5G panel set up
    The National Broadcasting and Telecommunications Commission (NBTC) has urged the Digital Economy and Society (DES) Ministry to quickly seek cabinet approval for the establishment of a national 5G committee to promote innovation development in the country.
    25 February 2020
  • SET worst-hit bourse in region
    The Stock Exchange of Thailand (SET) index suffered the biggest drop among Asian bourses on Monday as confidence was hampered by rising cases of the Covid-19 outbreak outside of China, with risk-averse sentiment sending gold prices to a seven-year high.
    25 February 2020
  • Clarity on taxed assets advised
    The new land and building tax should have clear definitions for assets, be easy to use and convenient to pay, a legal expert suggests.
    25 February 2020
  • Startups stoked for 2020 funding boost
    Despite the government's bluster about building the country into a startup nation as part of the Thailand 4.0 scheme, startup funding has been lacklustre the past few years as Thailand remains bereft of the unicorns found in Asean competitors Singapore and Indonesia.
    25 February 2020